Zensar on the Path of Rapid Innovation with Return on Digital NeXT and ZenLabs

SAN JOSE, Calif., Feb. 14, 2019 /PRNewswire-PRWeb/ — Zensar, a leading digital solutions and technology services company that specializes in partnering with global organizations across industries on their Digital transformation journey, announced that Zenlabs, its innovation hub has filed for diverse patents within two years of its launch. The Zenlabs team, has filed a total of 51 patents, focusing on ideas contributed by Zensarians globally and its team of in-house researchers. The key objective of Zenlabs is to build customer focused solutions across next generation technologies like Artificial Intelligence (AI), Distributed Ledger Technologies / Blockchain, Internet of Things (IoT), Augmented (AR) & Virtual Reality (VR).

Commenting on the announcement, Sandeep Kishore, Chief Executive Officer and Managing Director, Zensar said, “Zenlabs was created with the vision to spur innovation and create future-ready solutions. The team has successfully spurred associates to bring ideas that led to filing of 51 patents, fostering a culture of innovation and futuristic thinking in building customer centric solutions. Our Return on Digital NeXT (New and Exponential Technologies) strategy is visible through the milestones achieved by Zenlabs.”

According to Dr. Ullas Nambiar, Chief Technology Officer, Zensar, “In all our interactions with customers, we see immense interest in co-innovating with us to address strategic business challenges with exponential technology. At Zenlabs we have been focused towards building an eco-system for co-innovation driven by business applications of disruptive technologies like AI, Blockchain and IOT. Patents filed by Zenlabs has helped us in delivering unique solutions for addressing business problems.”

Zenlabs, located in Pune and Hyderabad is Zensar’ s centre for research and innovation (recognized by Department of Scientific and Industrial Research). Designed as a collaborative space for cutting edge technology teams to come together to devise, design and deliver consequential business and technology solutions. In-house researchers connect insights on customer trends with business insights and technology adoption, tying it all together with emerging technology solutions enabling the business objectives of our customers. The team comprises of research specialists and solutions architects, who build platforms in the areas of Artificial Intelligence, Blockchain, IOT, Conversational AI, Computer vision and Augmented reality.

A Snapshot of Ideas around which Patents have been

  • Predictive Stocking of
  • Smart Shelf
  • Personalized Office Noise Reduction System
  • Productive-Time Based Task Scheduling for Employees
  • Context based Prioritization & Response Scheduling for Personal Digital Communication

Please visit https://www.zensar.com/zenlabs for more information

About Zensar (http://www.zensar.com)
Zensar is a leading digital solutions and technology services company that specializes in partnering with global organizations across industries on their Digital Transformation journey. A technology partner of choice, backed by a strong track record of innovation; credible investment in Digital solutions; and unwavering commitment to client success, Zensar’ s comprehensive range of digital and technology services and solutions enables its clients achieve new thresholds of business performance. Zensar, with its experience in delivering excellence and superior client satisfaction through myriad technology solutions, is uniquely positioned to help its clients surpass challenges they face running their existing business most efficiently, helping in their legacy transformation, and planning for business expansion and growth through innovative and digital ways.

Follow Zensar via:
Zensar Blog: http://www.zensar.com/blogs
Twitter: https://twitter.com/Zensar
LinkedIn: https://www.linkedin.com/company/zensar-technologies
Facebook: https://www.facebook.com/Zensar

About RPG Enterprises (http://www.rpggroup.com)
RPG Enterprises, established in 1979, is one of India’s fastest growing business groups with a turnover of Rs 23000 Cr. The group has diverse business interests in the areas of Infrastructure, Tyres, Pharma, IT and Specialty as well as in emerging innovation led technology businesses.

PR Contacts (Global Headquarters – India):
Aradhana Prabhu
Public Relations
Zensar Technologies
+91-9765999749
aradhana.prabhu(at)zensar.com

PR Contact (US):
Julie Machnik
Director of Marketing
Zensar Technologies
508-621-4753
j.machnik(at)zensar.com

Safe Harbor

Certain statements in this release concerning our future growth prospects are forward-looking statements which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, withdrawal of governmental fiscal incentives, political instability, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property and general economic conditions affecting our industry. The Company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the Company.

 

SOURCE Zensar Technologies Inc.

Optanix Selected as Finalist for Best of Enterprise Connect 2019 in Best Application of AI Category

NEW YORK, Feb. 14, 2019 /PRNewswire-PRWeb/ — Optanix, the leader in intelligent business service assurance, today announced it has been selected as a finalist for the Best Application of AI Category Award as part of the Best of Enterprise Connect (BOEC) Award program. Optanix was nominated for its service assurance platform’s use of advanced analytics and intelligence to provide predictive and proactive full-stack monitoring and management of IT infrastructure and services.

The Optanix Platform provides predictive and proactive business service assurance across hybrid infrastructures. Its actionable intelligence helps prioritize and address problems before they impact critical business services to protect revenue, improve customer experience and reduce IT costs.

It works by providing full-stack monitoring – with top-to-bottom management of the IT infrastructure and services – that powers advanced analytics and root cause analysis. These features combine to predictively and proactively detect new and impending problems and quickly analyze them from multiple angles to find their true cause and provide actionable intelligence.

The BOEC Judging Committee focused primarily on the Optanix Platform’s Predictive Analysis features when considering the platform for nomination. Predictive Analysis takes advantage of dynamic baselining, deviations from these baselines and / or abnormal rates of change to make projections determining potential issues and Mean Time to Threshold. If potential issues are impending, proactive alerts are created, allowing IT managers to take steps to avert problems – such as outages, performance degradations or loss of resiliency – before critical business services are impacted.

“Optanix is honored and excited to have been recognized for the innovative AI features powering the Optanix Platform,” said Edmond Baydian, chief strategy officer at Optanix. “We work hard every day to advance the platform’s artificial intelligence and machine learning capabilities so that our end-users and service provider partners alike both benefit from leveraging the most advanced AIOps solution on the market.”

“The Best of Enterprise Connect awards recognize stand-out companies making a significant impact on the enterprise communications and collaboration industry,” said Michelle Burbick, Program Coordinator, Enterprise Connect. “This year’s finalists are truly representative of the most innovative companies influencing the future of this space through their cutting-edge technological advancements and initiatives.”

Winners of the Best of Enterprise Connect Award and associated category awards will be announced at Enterprise Connect (#EC19), being held March 18-21 in Orlando, FL. Optanix encourages conference attendees to visit booth #1139 in the expo hall for a live demonstration of the Optanix Platform.

About Optanix
Optanix is the leader in intelligent business service assurance. The Optanix Platform delivers predictive and proactive performance and availability management across hybrid infrastructures, with a focus on real-time communications use-cases. It is available as a standalone solution or as the engine behind Optanix’s managed service offerings. For more information, please visit http://www.optanix.com.

About Enterprise Connect
For more than 28 years, Enterprise Connect has been the leading conference and exhibition for enterprise Unified Communications and Collaboration in North America. Enterprise Connect brings corporate IT decision makers together with the industry’s vendors, analysts and consultants to focus on the issues central to enterprise networks and communications. Enterprise Connect owns and produces No Jitter, (nojitter.com), providing daily blogging and analysis of enterprise communications, and it also serves the community with a weekly email newsletter, research surveys and a Webinar Series. For more information, visit enterpriseconnect.com/orlando. Enterprise Connect is organized by UBM, which in June 2018 combined with Informa PLC to become a leading B2B information services group and the largest B2B Events organizer in the world. To learn more and for the latest news and information, visit http://www.ubm.com and http://www.informa.com.

 

SOURCE Optanix

Innovaccer’s Data Activation Platform Recognized as Risk Adjustment Optimization Solution for Payer CIOs by Gartner

SAN FRANCISCO, Feb. 14, 2019 /PRNewswire/ — Innovaccer Inc., the San Francisco-based leading data activation company, was cited in the recent Gartner report for its artificial intelligence (AI) and clinical data integration (CDI) capabilities leveraged in risk adjustment optimization. The report titled 5 Actions U.S. Healthcare Payer CIOs Must Take When Purchasing Risk Adjustment Management Systems [Report ID: G00369402], discusses the framework for payer CIOs to analyze, compare, and verify AI capabilities of health IT vendors while investing in risk adjustment optimization systems.

According to the report, authored by Bryan Cole and Mandi Bishop, “RAO vendors’ results are highly dependent on your organization’s market conditions, provider relationships and previous risk score improvement activities, and vendors must tailor their efforts. An RAO vendor may yield impressive gains with another client, but not with your organization.”

Innovaccer was mentioned in the report on account of its capability to extract data electronically from multiple disparate sources. Innovaccer’s Data Activation Platform, with its 200+ pre-built connectors to widely-used healthcare data systems, simplifies chart acquisition and data integration. Additionally, the intuitive AI-assisted analytics surface dropped or miscoded records, which providers can access on their EHR screen with point-of-care insights.

”Risk analytics have become an indispensable part of payer organizations looking to succeed in a value-based ecosystem, and it is important for them to look through the marketing hype and invest in solutions that cater to their specific needs,” says Abhinav Shashank, CEO at Innovaccer Inc. ”I believe the citation in this Gartner research is a testimonial to our risk and clinical data integration analytics, and we look forward to continuing reinventing the space with our data activation platform,” he further adds.

Innovaccer was also mentioned in Gartner’s November 2018 report on powering real-time value-based care, U.S. Healthcare Administration’s Future Requires a Real-Time Payment Ecosystem Powering Value-Based Care.” Additionally, Innovaccer was also named in July 2018 reports on Hype Cycle for Healthcare Providers, 2018″ and Hype Cycle for U.S. Healthcare Payers, 2018,” followed by Healthcare Payer CIOs, Leverage Vendor Partners to Succeed at Clinical Data Integration,” and as a Representative Vendor in Market Guide for Healthcare Provider Population Health Management Solutions: 2018.”

Source:

Gartner, 5 Actions U.S. Healthcare Payer CIOs Must Take When Purchasing Risk Adjustment Management Systems, Bryan Cole, Mandi Bishop, 31 January 2019

Gartner, U.S. Healthcare Administration’s Future Requires a Real-Time Payment Ecosystem Powering Value-Based Care, Bryan ColeBarb MannMandi Bishop, 27 November 2018

Gartner, Hype Cycle for Healthcare Providers, 2018, Laura Craft, Mike Jones, 18 July 2018

Gartner, Hype Cycle for U.S. Healthcare Payers, 2018, Bryan Cole, Mandi Bishop, Jeff Cribbs, 18 July 2018

Gartner, Healthcare Payer CIOs, Leverage Vendor Partners to Succeed at Clinical Data Integration, Mandi Bishop, 20 August 2018

Gartner, Market Guide for Healthcare Provider Population Health Management Solutions: 2018 Update, Laura Craft, 15 February 2018

Gartner Disclaimer

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About Innovaccer

Innovaccer Inc. is a leading healthcare data activation company committed to making a powerful and enduring difference in the way care is delivered. Innovaccer’s aim is to make full use of all the data healthcare has worked so hard to collect. Its Gartner and KLAS-recognized data activation platform and artificial intelligence products have been deployed all over the U.S. across more than 500 locations, enabling over 10,000 providers to transform care delivery and work as one. Innovaccer’s Data Activation Platform has been successfully implemented for several institutions, governmental organizations, and several corporate enterprises such as Mercy ACO, Orlando Health, Catholic Health Initiatives, StratiFi Health, UniNet Healthcare Network, Catalyst Health Network, Hartford Healthcare, and Osler Health Network. Innovaccer is based in San Francisco and has 5 offices across the United States and Asia.

For more information, please visit innovaccer.com.

Press Contact
Sachin Saxena
Innovaccer Inc.
213-618-3678

Related Links

5 Actions U.S. Healthcare Payer CIOs Must Take When Purchasing Risk Adjustment Management Systems

Innovaccer

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SOURCE Innovaccer

Shaker Leads Innovations in People Analytics through SIOP Machine Learning Competition

COLUMBUS, Ohio, Feb. 14, 2019 /PRNewswire-PRWeb/ — Shaker International invites participation in the second annual Society for Industrial and Organizational Psychologists (SIOP) Machine Learning Competition, now through March 15, 2019. The goal of the competition, built upon open source principles, is to infuse the latest and most powerful methods in computer science, data science, and artificial intelligence (AI) into the field of people analytics.

The competition, designed and engineered by Shaker’s leading researchers in artificial intelligence, Isaac Thompson, Ph.D. and Nick Koenig, Ph.D. partnered with Amazon research scientist Mengqiao (MQ) Liu, Ph.D., breaks new ground for the SIOP community.

“Our aim is to revolutionize the current state of analytics techniques in our field. Tapping into the power of open source principles, we are guided by community, transparency, and innovation,” explained Dr. Thompson. “To promote community, we partnered with computer science students at Georgia Institute of Technology to host the competition on their website, EvalAI. This allowed us to open up the competition to an unlimited number of teams. To ensure a new level of transparency, both the dataset and winners’ codes will be made available to the public after the competition, serving as a benchmark for the field to drive rapid innovation.”

To date over 75 analytics teams have entered the competition. Teams have joined from companies such as Capital One, Facebook, Walmart along with research institutions such as Bowling Green State University, Michigan State University, and Georgia Tech. The competition website maintains a public leaderboard running top team scores. Winners will be chosen based on how well their algorithms perform against a hidden data set. The top four teams will be announced by March 21st and be invited to present their approach and results at the SIOP 34th annual conference held April 4-6, 2019, at the Gaylord Convention Center near Washington, D.C.

“This is how we can create quick innovations in #IOPsych: Make it a contest! This has been happening in computer science hackathons for years with great results. Some of the tech products you use every day started out as contest entries,” tweeted one I-O Ph.D. candidate interested in the contest.

About Shaker International
Leveraging over 15 years of data, selection science, and proven results to help companies improve their quality of hire, Shaker helps companies create recruiting efficiencies, reduce turnover, improve quality of hire, and deliver a better hiring experience.

About SIOP
SIOP is the premier membership organization for those practicing and teaching I-O psychology. While an independent organization with its own governance, SIOP also represents Division 14 of the American Psychological Association and is an organizational affiliate of the Association for Psychological Science.

 

SOURCE Shaker International

What Will the Automotive Ecosystem Look Like Five Years from Now? Find Out During SAE International’s New Webcast

WARRENDALE, Pa., Feb. 14, 2019 /PRNewswire-PRWeb/ — The continued rise of electric infrastructure, artificial intelligence, HMI and enabled digital services offers a mix of promise, opportunity and challenges over the next five years for mobility.

SAE International offers a new, free webcast that will showcase the thoughts and opinions of four strategy leaders from leading organizations.

The Automotive Ecosystem: What’s Driving the Next Five Years” will be moderated by Jeff Gilbert, Automotive Report with WWJ Newsradio 950 and CBS Radio News, and will be held Tuesday, Feb. 19 at Noon.

Panelists will include:

  • Sky Matthews, CTO, IBM IoT
  • Bryn Balcombe, CSO, Roborace
  • Steven Bayless, Vice President, Regulatory Affairs & Public Policy, ITSA
  • Trisha Curtis, President & Co-Founder, PetroNerds
  • Kaivan Karimi, Senior Vice President and Co-Head, BlackBerry Technology Solutions

The panel will focus on five questions at the heart of the challenges and opportunities industries are facing in the next five years to achieve both OEM goals and consumer acceptance of technology integration, including:

1.    What technology, trend or advancement is making the biggest impact on the automotive industry over the next 18 months?
2.    In the next five years, what are realistic capabilities of automated cars based on technology development?
3.    What is the industry’s role to level set customer expectations about what automated vehicles can or should do?
4.    Where do you see technical executives focusing their resources over the next four to six years?
5.    What challenges will executives, managers and engineers face in the next five years?

CLICK HERE to register for the webcast “The Automotive Ecosystem: What’s Driving the Next Five Years.”

Each webcast panelist also will present during the Leadership Summit at SAE International’s WCX™ World Congress Experience, which will be held April 9-11 at Cobo Center in Detroit. Presented by SAE International, WCX propels the mobility industry forward through a convergence of engineering, research, design and technology. It’s where the brightest minds in mobility meet for three days of interactive learning, expert insight, collaboration and inspiration. For more information or to register for SAE International’s WCX 2019, visit http://www.sae.org/wcx

Journalists and other members of the media seeking credentials should email pr@sae.org or call 1-724-772-8522.

SAE International is a global association committed to being the ultimate knowledge source for the engineering profession. By engaging nearly 200,000 engineers, technical experts and volunteers, we drive knowledge and expertise across a broad spectrum of industries. We act on two priorities: encouraging a lifetime of learning for mobility engineering professionals and setting the standards for industry engineering. We strive for a better world through the work of our philanthropic SAE Foundation, including programs like A World in Motion® and the Collegiate Design Series™.

 

SOURCE Sae International

Brazilian Enterprises See Digital Transformation as a Way to Better Engage with Customers

SÃO PAULO, Feb. 14, 2019 /PRNewswire/ — Enterprises in Brazil want digital business transformation providers to help them create better customer experiences and transform the customer journey, according to a new report published today by Information Services Group (ISG) (Nasdaq: III), a leading global technology research and advisory firm.

The ISG Provider LensDigital Business Transformation Report for Brazil sees the country’s digital business transformation market transforming all aspects of traditional business. Enterprises are looking to vendors to help them improve their sales processes, product design, supply chains, human resource management and other core functions. Often that means becoming more agile and moving more workloads to the cloud, the report said.

The customer journey is a major focus in the Brazil market, with most providers using design thinking to address customer needs and expectations, according to the report. “In the digital era, customers buy experiences, feelings, well-being, comfort and convenience, and many companies see digital transformation as a way to meet those expectations,” said Esteban Herrera, partner and global leader of ISG Research.

Other important pieces of the digital transformation journey in Brazil include robotic process automation and artificial intelligence, the report said. But RPA and AI are not reducing employee numbers; instead the technologies are taking over repetitive tasks for workers.

Agility is another major goal of digital transformation. Many enterprises want vendors to help them become more agile in several ways, Herrera said. “Enterprise agility goes far beyond software development. Companies need to efficiently and rapidly address individual customer expectations and requirements, with minimal unplanned cost, effort or disruption to the enterprise. They need continuous delivery to remain competitive.”

The report highlights the emergence of ecosystems, which it calls “one-level-up partnerships.” Previously used to expand sales channels, these partnerships now are aimed at creating new offerings, developing new markets and enhancing customer experience. Co-creation and collaboration define the modern ecosystem.

The ISG Provider LensDigital Business Transformation Report for Brazil evaluates the capabilities of 29 providers across seven quadrants: Enabling the Customer Journey, Digital Enterprise Operations, Digital Transformational Platforms (PaaS), Digital Transformational Services (XaaS), Digital Product Creation and Customization, Digital Continuous Delivery and Blockchain as a Service.

The report names IBM as a leader in all seven quadrants, while Accenture is a leader in six. Cognizant and Stefanini are named a leader in four quadrants, Wipro in three, and CI&T and ilegra in two. Atos, DXC Technology, Publicis Sapient AG2, Sofftek, Tech Mahindra and TIVIT were all cited as a leader in one quadrant.

Custom versions of the report are available from Cognizant and Stefanini.

The ISG Provider LensDigital Business Transformation Report for Brazil is available to ISG Insights™ subscribers or for immediate, one-time purchase on this webpage.

About ISG Provider Lens™ Research

The ISG Provider Lens™ Quadrant research series is the only provider evaluation of its kind to combine empirical, data-driven research and market analysis with the real-world experience and observations of ISG’s global advisory team. Enterprises will find a wealth of detailed data and market analysis to help guide their selection of appropriate sourcing partners, while ISG advisors use the reports to validate their own market knowledge and make recommendations to ISG’s enterprise clients. The research currently covers providers offering their services globally, across Europe and Latin America, as well as in the U.S., Germany, the U.K., the Nordics, Brazil and Australia/New Zealand, with additional markets to be added in the future. For more information about ISG Provider Lens research, please visit this webpage.

The series is a complement to the ISG Provider Lens Archetype reports, which offer a first-of-its-kind evaluation of providers from the perspective of specific buyer types.

About ISG

ISG (Information Services Group) (Nasdaq: III) is a leading global technology research and advisory firm. A trusted business partner to more than 700 clients, including 75 of the top 100 enterprises in the world, ISG is committed to helping corporations, public sector organizations, and service and technology providers achieve operational excellence and faster growth. The firm specializes in digital transformation services, including automation, cloud and data analytics; sourcing advisory; managed governance and risk services; network carrier services; strategy and operations design; change management; market intelligence and technology research and analysis. Founded in 2006, and based in Stamford, Conn., ISG employs more than 1,300 digital-ready professionals operating in more than 20 countries—a global team known for its innovative thinking, market influence, deep industry and technology expertise, and world-class research and analytical capabilities based on the industry’s most comprehensive marketplace data. For more information, visit www.isg-one.com.

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SOURCE Information Services Group, Inc.

PitchBook Survey Finds Only 38% of Venture Capital Investors Currently Use Data to Source and Evaluate All Investments Opportunities

SEATTLE, Feb. 14, 2019 /PRNewswire/ — PitchBook, the premier data provider for the private and public equity markets, today released the findings of its first annual Venture Capital Data Usage Survey, which uncovers how global venture capital (VC) investors currently leverage data to inform investment decisions as well as plans for adopting machine learning for future decision-making. The survey was administered to 391 VC investors across the US, Europe and Asia during the winter of 2018. According to the findings, respondents across all investor types and geographies rely on a mix of data and personal networks to source and evaluate investments. While the majority (86%) of respondents believe data is important when evaluating investment opportunities, late stage VC investors based in the US and Asia were the most likely respondents to leverage data to inform all investment decisions. Despite growing interest within the asset class to finance the machine learning (ML) and artificial intelligence (AI) category—$24.6 billion invested in 2018—only 8% of investors believe investment decisions will be fully automated in the future. More than 85% of respondents believe there will always be some element of intuition involved in VC dealmaking.   

(PRNewsfoto/PitchBook)

To download the full report and read more about the survey methodology, click here.

“There’s no question that the availability of data has led to whole new way of doing business. The accumulation of data over the years combined with faster computing power has allowed AI-powered innovations to transform entire industries,” said Steve Bendt, VP of Marketing at PitchBook. “As VCs flood capital into the ML/AI sector, we wanted to understand how VCs themselves leverage data and machine learning techniques in their own investment sourcing and decision-making process. Our survey shows strong adoption of data to inform investment decision-making and a growing appetite to increase usage. While the majority of respondents believe VC investing will always involve the human element, there’s enthusiasm to explore how machine learning can automate traditional VC.”

Personal Networks and Data Are Top Resources for Deal Sourcing
The top three most valuable resources for sourcing and evaluating investment opportunities are personal networks (82%), inbound leads (44%) and financial databases (36%). Angel and early stage VCs are roughly 20% more likely to lean on personal networks for investment decision-making than late stage VC and CVC, which show the strongest demand for financial databases, 20% and 22%, respectively. Geographically, personal networks remain the top resource for sourcing and evaluating deals. Asian VCs are the most likely group to leverage data for this purpose, with 20% of Asia-based survey respondents citing financial databases as the most valuable resource, compared to 15% in the US and 10% in Europe. In practice, the most common use cases for leveraging data are financial modeling (20%), refining investment thesis (19%) and sourcing investments (19%). Among the top reasons for missing out on a promising investment opportunity are disagreement on terms (32%) followed by insufficient data (17%) and slow decision-making (15%).

Investment Decision-Making Will Always Balance Data and Intuition
More than one-third (38%) of all respondents use data to source all venture capital investments, whereas 48% claim data informs some investment decisions and 9% don’t leverage data at all. Late stage VCs show the strongest appetite for data-driven investing, with 50% citing data as extremely important and the primary resource for evaluating and sourcing all investments. Similarly, 46% of Asian firms cite data as extremely important, compared to 37% of US firms and 33% in Europe. Of all investor types, angel investors are least likely to leverage data – 14% do not use data in the decision-making process. This isn’t surprising given the limited availability of data on niche and nascent industries, which is a common investment preference for this investor type. In addition to data, the majority of respondents (69%) across all geographies and investor types agree that both data and intuition are important when evaluating VC investments. A higher percentage of CVCs (23%) state data alone is the most important factor, while angel and early stage VCs are more likely to state intuition, 11% and 14% respectively.

VCs Are Bullish on Machine Learning, But Are Proceeding with Caution
Nearly two-thirds (64%) of all respondents do not currently leverage ML technology to inform venture investment decisions; however, of this group, 50% plan on adopting and increasing usage in the future. Taking a closer look at investor types, more than one-quarter of CVC investors have already adopted ML, the highest adoption rate of all investor types. While this group is also eager to increase adoption (47%), early stage VC investors were the most enthusiastic about expanding this capability (55%). Early stage investors were also the most optimistic about relying on ML to fully automate investment decisions in the future, with 11% agreeing with this trend. Asian investors had the highest percentage of ML adoption, with 29% claiming to currently use the technology in decision-making. Although, 24% of US firms also leverage the technology, investors in this region displayed the most interest in increasing usage (51%). Regardless of current usage of ML, 85% of respondents believe VC investment decisions will always involve some element of intuition. Only 8% of respondents feel strongly investments could be fully automated in the future. 

Download the full report here.

About PitchBook
PitchBook is a financial data and software company that provides transparency into the capital markets to help professionals discover and execute opportunities with confidence and efficiency. PitchBook collects and analyzes detailed data on the entire venture capital, private equity and M&A landscape—including public and private companies, investors, funds, investments, exits and people. The company’s data and analysis are available through the PitchBook Platform, industry news and in-depth reports. Founded in 2007, PitchBook has offices in Seattle, San Francisco, New York and London and serves more than 23,000 professionals around the world. In 2016, Morningstar acquired PitchBook, which now operates as an independent subsidiary.

 

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SOURCE PitchBook

RCH Solutions and Igneous Present Workshop Series Featuring Expert Technologist, Chris Dwan

WAYNE, Pa., Feb. 14, 2019 /PRNewswire-PRWeb/ — RCH Solutions (RCH), a global provider of computational science expertise for Life Sciences and Healthcare firms of all sizes, in partnership with Igneous, a leading provider of unstructured data management solutions, will host industry expert and experienced technologist, Chris Dwan, in the free workshop series “How to Accelerate Life Sciences Discoveries and Breakthroughs with AI, ML, and HPC Workflows,” February 27 in Bridgewater, N.J. and March 20, in King of Prussia, Pa. At the event, Mr. Dwan, who has worked for the Broad Institute and the New York Genome Center, will share his experiences in building data solutions for research projects both large and small to help IT and scientific professionals better understand how technology can help meet growing challenges in project acceleration.

“The data tsunami is upon us,” said Michael Riener, president of RCH Solutions. “Research and IT teams in biotech and pharma are trying to stay afloat while powering workflows that drive discovery, securely and strategically. Chris’ presentation will serve as a timely primer on how technology and science teams can come together to leverage AI, ML, and HPC to solve these challenges and more.”

According to a forecast in IDC’s Data Age 2025 white paper, by 2025 the global datasphere will grow from 16 zettabytes (ZB)—that is a trillion gigabytes— to 163 ZB. With a 10-times increase in global storage, data protection will continue to be a growing challenge for IT teams. The report sites that over 70% of that data will be unstructured in nature. Mr. Dwan will outline some key strategies that will help organizations seeking on-premise and hybrid cloud solutions and methodologies to store, manage, protect, and mine petabytes of R&D computing data and the associated metadata, to accelerate research programs and improve patient outcomes.

“In the world of biomedical research, we are increasingly able to handle the raw volume of our data,” said Dwan. “Managing an incredible variety of data resources is the next step to unlocking the potential of genomic and precision medicine. While machine learning and artificial intelligence are on the horizon, good old fashioned organization will be a necessary first step.”

“The quality of our lives and future of our health is inextricably tied to the successful management, protection, analysis, and application of research and medical data,” said Kevin Kotecki, vice president of sales for Igneous. “In this seminar series, we will be providing researchers and IT professionals in the Life Sciences arena with new strategies to optimize research programs and meet compliance requirements.”

Registration is limited. Interested guests can sign-up for the Bridgwater event here and the King of Prussia event here.

About RCH Solutions
RCH Solutions (RCH) is a global provider of computational science expertise, helping Life Sciences and Healthcare companies of all sizes clear the path to discovery. For more than 27 years, RCH has provided focused experience and unmatched specialization designing and deploying cross-functional IT strategies, supporting R&D infrastructure, and offering workflow best practices that solve enterprise and scientific computing challenges. Learn more at http://www.rchsolutions.com

About Igneous
Igneous delivers the only Unstructured Data Management (UDM) as-a-Service solution, giving data-centric enterprises visibility, protection, and data mobility at scale. Igneous’ API-enabled, cloud-native solution combines all UDM functions so that organizations can see, protect, analyze, and leverage all their unstructured data, wherever datasets and workflows live. Igneous: The right data, in the right place, at the right time. Find out more at igneous.io.

About Chris Dwan
Chris Dwan is an independent consultant, technologist, and leader in scientific computing and data architecture for the life sciences. He works with universities, research institutes, biotech and pharmaceutical companies, and the government. To learn more visit https://dwan.org.

 

SOURCE RCH Solutions

Augmented Analytics Market Worth $18.4 Billion by 2023 – Exclusive Report by MarketsandMarkets™

CHICAGO, Feb. 14, 2019 /PRNewswire/ — According to a new market research report Augmented Analytics Market by Software, Service (Training and Consulting, Deployment and Integration, and Support and Maintenance), Organization Size (SMEs and Large Enterprises), Deployment Type, Vertical, and Region – Global Forecast to 2023″, published by MarketsandMarkets™, the Augmented Analytics Market is expected to grow from USD 4.8 billion in 2018 to USD 18.4 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 30.6% during the forecast period.

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The major factors driving the Augmented Analytics Market include the growing demand for gathering crucial business insights from customer data and increasing volume of business data.

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60 – Tables

33 – Figures  

121 – Pages     

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The software segment to hold a larger market size during the forecast period

The analytics market space is experiencing transformation from the traditional manual process of generating insights to the advanced Artificial Intelligence-(AI) and Machine Learning- (ML) enabled Business Intelligence (BI) tools. Augmented analytics solutions are a component of modern BI tools, which automate data insights using ML and Natural Language Generation (NLG)). Augmented analytics provides functionalities, such as preparing data, deciphering data patterns and building models, and distributing and operationalizing data findings. For building models and integrating data to simplify and automate tasks, augmented analytics proves to be an effective solution.

The cloud deployment type is expected to grow at a higher CAGR during the forecast period

Cloud or hosted augmented analytics solutions are provided as Software-as-a-Service (SaaS) by service providers. These solutions convert fixed costs of services to variable costs, as customers pay according to the services used by them. Customers can also start or stop any service at any time. Thus, the use of cloud-based augmented analytics solutions provides flexibility to organizations for adjusting to the dynamic business environment. Scalability and cost-effectiveness are the major advantages of adopting the cloud-based augmented analytics solutions. With advancements in cloud-based technologies, the use of augmented analytics solutions as SaaS is emerging as the best practice for companies looking for cost-effective functionalities.

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North America to hold the largest market size during the forecast period

North America is estimated to account for the highest market share in 2018. The region comprises developed countries, such as the US and Canada, and is considered the most advanced region in terms of adopting new and emerging technologies. Moreover, it houses key industry players offering augmented analytics software and services. The financial position of these industry players enables them to invest in the leading tools and technologies for effective business operations.

Major vendors offering augmented analytics software and services across the globe include Salesforce (US), SAP (Germany), IBM (US), Microsoft (US), Oracle (US), Tableau (US), MicroStrategy (US), SAS (US), Qlik (US), TIBCO Software (US), Sisense (US), Information Builders (US), Yellowfin (Australia), ThoughtSpot (US), and Domo (US)

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Global Multichannel Order Management Market Forecast to 2023 – Technological Advancements in Machine Learning, Artificial Intelligence, and Augmented Reality

DUBLIN, Feb. 14, 2019 /PRNewswire/ —

The “Multichannel Order Management Market by Solution (Software & Services), Deployment Type (Cloud & On-Premises), Organization Size, Industry Vertical (Retail, Ecommerce, and Wholesale, Manufacturing, & Healthcare), and Region – Global Forecast to 2023” report has been added to ResearchAndMarkets.com’s offering.

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The global multichannel order management market size to grow from USD 1.46 billion in 2018 to USD 2.44 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 10.8% during the forecast period.

The major factors driving the market are digital transformation, proliferation of smartphone and internet users, and multiple sale channels.

The objective of the report is to define, describe, and forecast the multichannel order management market size by solution (software and services), deployment type, organization size, industry vertical, and region. Among all solutions, the software segment is expected to hold a larger market size during the forecast period, as there is an increasing need for multichannel order management in every vertical such as retail, eCommerce, and wholesale, for scaling functions and orders at every granular level that results in an efficient system optimization and organization.

Among all professional services, the integration and deployment services segment is expected to grow at the fastest growth rate during the forecast period. These services in the multichannel order management market enable organizations to grasp proper technical knowledge and are guided to select the right software architecture, based on their business requirements. The best deployment type is then suggested to organizations to reduce their costs and improve the overall productivity of the installed order management software.

Among all deployment types, the Cloud deployment type is expected to have the largest market share in the multichannel order management market during the forecast period. Cloud-based solutions have witnessed a greater demand due to their wide range of functionalities, such as pay-per-use model, flexibility, ease in accessibility, faster setup time, multiuser support, and low installation and maintenance costs.

Among all verticals, the retail, eCommerce, and wholesale vertical is estimated to hold the largest market size in the multichannel order management market in 2018. With the proliferation of the online market, retailers are adopting innovative technologies, such as cloud computing, big data analytics, digital stores, and social media networks. With the ever-increasing competition in this sector, customer experience proves to be a very vital differentiating factor among the array of online shopping options. Hence, there has been a high adoption of multichannel order management methodologies in the retail sector because of its benefits, such as improved operational efficiency, simple architecture, easy deployment, faster time-to-market, and enhanced customer experience.

Multichannel Order Management Market

North America is expected to hold the largest market size in the multichannel order management market during the forecast period. North America is expected to dominate the overall market and is considered to be the most advanced region in terms of technological adoption. This is mainly due to the presence of various developed economies, such as the US and Canada, and their focus on innovations obtained from R&D and technology. Asia Pacific (APAC) is expected to grow at the highest CAGR during the forecast period. Several factors are expected to drive the market’s significant growth in the APAC region. With the increasing pressure to achieve greater business agility, more IT organizations in the APAC region are planning to adopt the multichannel order management environment to function properly, improve operational efficiency, and reduce cost. There is a huge market potential for enterprises in this region; this potential can be leveraged to create better business opportunities.

Digital transformation, proliferation of smartphone and internet users, and multiple sale channels are expected to drive the global market. However, security and privacy concerns may hinder the market growth and act as a restraining factor that can hamper adoption rate of the multichannel order management.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Market Opportunities in the Multichannel Order Management Market
4.2 Market Share of Top 4 Industry Verticals and Regions, 2018
4.3 Market Investment Scenario

5 Market Overview and Industry Trends
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Booming Retail and Ecommerce Vertical
5.2.1.2 Growth in Multichannel Selling
5.2.1.3 Low Operational and Initial Costs
5.2.1.4 Rapidly Growing Number of Internet Users
5.2.2 Restraints
5.2.2.1 Security and Privacy Concerns
5.2.3 Opportunities
5.2.3.1 Emerging Potential for Online Sales
5.2.3.2 Increasing Adoption By SMEs
5.2.3.3 Technological Advancements in Machine Learning, Artificial Intelligence, and Augmented Reality
5.2.4 Challenges
5.2.4.1 Lack of Technical Expertise
5.3 Use Cases

6 Multichannel Order Management Market, By Solution
6.1 Introduction
6.2 Software
6.3 Services
6.3.1 Professional Services
6.3.1.1 Consulting Services
6.3.1.2 Integration and Deployment Services
6.3.1.3 Training and Support Services
6.3.2 Managed Services

7 Market By Deployment Type
7.1 Introduction
7.2 Cloud
7.3 On-Premises

8 Multichannel Order Management Market, By Organization Size
8.1 Introduction
8.2 Large Enterprises
8.3 Small and Medium-Sized Enterprises

9 Market By Industry Vertical
9.1 Introduction
9.2 Retail, Ecommerce, and Wholesale
9.3 Manufacturing
9.4 Healthcare
9.5 Food and Beverage
9.6 Others

10 Multichannel Order Management Market, By Region
10.1 Introduction
10.2 North America
10.2.1 United States
10.2.2 Canada
10.3 Europe
10.3.1 United Kingdom
10.3.2 Germany
10.3.3 Rest of Europe
10.4 Asia Pacific
10.4.1 China
10.4.2 Japan
10.4.3 Rest of Asia Pacific
10.5 Latin America
10.5.1 Brazil
10.5.2 Mexico
10.5.3 Rest of Latin America
10.6 Middle East and Africa
10.6.1 Middle East
10.6.2 Africa

11 Competitive Landscape
11.1 Overview
11.2 Key Players Operating in the Multichannel Order Management Market
11.3 Competitive Scenario
11.3.1 Partnerships, Agreements, and Collaborations
11.3.2 New Product/Service Launches and Product Enhancement
11.3.3 Mergers and Acquisitions
11.3.4 Business Expansions

12 Company Profiles
12.1 Introduction
12.2 IBM
12.3 HCL
12.4 Oracle
12.5 Salesforce
12.6 SAP
12.7 Brightpearl
12.8 Freestyle Solutions
12.9 Linnworks
12.10 Sanderson
12.11 Zoho
12.12 Browntape
12.13 Channelgrabber
12.14 Cloud Commerce Pro
12.15 Contalog
12.16 Ecomdash
12.17 Etail Solutions
12.18 Geekseller
12.19 Manageecom
12.20 Primaseller
12.21 Saleswarp
12.22 Selleractive
12.23 Selro
12.24 Stitch Labs
12.25 Tradegecko
12.26 Unicommerce
12.27 Vinculum

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