Press Releases

Sentient Expands International Presence in Response to Growing Customer Base; Opens European Office

SAN FRANCISCO, Sept. 12, 2017 /PRNewswire/ — Sentient Technologies, the world leader in intelligent commerce products, today announced the expansion of its European presence in response to customer growth for Sentient Ascend, the company’s disruptive conversion and revenue optimization solution. To help support this growing global client base, and a growing partner network, Sentient is opening a new European office based in Amsterdam.

Euroflorist Sees Up to 17% Conversions using Sentient Ascend - http://www.sentient.ai/ascend

Sentient’s intelligent commerce products consist of Sentient Ascend and Sentient Aware. Ascend is the world’s first website and landing page optimization solution based on a form of artificial intelligence (AI) called evolutionary algorithms, achieving gains as much as 45 percent in as little as three weeks. With Ascend, marketers can much more rapidly achieve their growth goals by accelerating and automating new design testing and experimentation.

  • Euroflorist, one of the largest distributors of flowers in Europe, with over 19 sites in 11 countries, selling over 2 million bouquets a year, started using Ascend after recognizing the value that AI could bring to its business.  With over 60 percent of its revenue coming from online commerce, every conversion has a direct impact on the company’s bottom line, which is why they turned to Sentient and Sentient agency partner Online Dialogue.

“Only one out of five of our A/B tests are successful and they take many months to reach a modest 4-5 percent lift,” said Guido Jansen, Chief Psychology Officer at Euroflorist. “Using Ascend, we were able to test hundreds of combinations in the same amount of time as one A/B test. This worked even in some smaller markets, where A/B solutions simply don’t work due to the low traffic. In our initial test, we were impressed by the results, seeing up to 17 percent increase in conversions.”

  • Clicksco, a multi-million dollar marketing services group specializing in customer acquisition, conversion and content monetization, is using Ascend to radically increase its testing capacity and velocity across the 50 sites it operates for itself and its partners, in some cases seeing up to 18 percent lift. For exploreshops.net, a price comparison site they operate, they used Ascend to improve the efficacy of its advertising banners.

“Every single conversion we get goes to our bottom line, so using a tool that lets us test all our properties in a single place, and test more of our ideas, faster, means our bottom line grows more quickly,” said Jay Bhojani, Chief Revenue Officer at Clicksco. “We have a lot of content to manage and test and needed a tool that would let us try all the ideas we had but with less administration time and far less time waiting for statistical significance. We found that in Ascend.” 

Click here for further case studies and examples of other implementations of Aware and Ascend.

Sentient Ascend has now run thousands of experiments for its European clients, yielding tens of millions of dollars in revenue gains and profitability.

Sentient continues to expand its network of expert agency and consultancy partners that provide strategy and development consulting for Sentient Ascend customers that want to supplement their in-house capabilities. Newly announced partners include Manchester, UK-based PRWD and Berlin and Frankfurt-based We. GmbH.

Sentient’s new office is located just steps away from Amsterdam’s city center and joins Sentient’s San Francisco headquarters and offices in San Jose and Hong Kong as part of the overall Sentient family.

Visiting DMEXCO 2017?

Press Contact:
Josh Stanbury: press@sentient.ai

About Sentient Technologies:
Sentient Technologies builds disruptive products differentiated by scaled AI. Sentient’s powerful distributed artificial intelligence (AI) platform combines multiple AI disciplines (deep learning, evolutionary AI, neuroevolution) with unmatched scale. Sentient has used its platform to launch Sentient Investment Management and Sentient Aware, an AI-powered personalization and product recommendation engine used by some of the world’s top retailers. Sentient Ascend, its artificial intelligence (AI) powered conversion rate optimization (CRO) solution, automates and accelerates website testing and optimization, allowing its customers to drive revenues and conversion improvements faster than ever before. In addition to its commercial endeavors, Sentient works with leading universities to apply AI to solve challenging problems in healthcare, food production and other areas.

 

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SOURCE Sentient Technologies

Healthtel Announces Company Rebranding, Changes Name to Revel

MINNEAPOLIS, Sept. 12, 2017 /PRNewswire/ — Healthtel, a leading health engagement software company, today announced it has changed its name to Revel™. The company’s new name is part of an overall rebranding effort that reflects not only its rapid national growth over the past several years, but its position as an innovator in health engagement strategies and technology for health plans and providers. Revel unveiled its new online presence this morning including a new company website, branding materials and logo. 

“Revel is uniquely positioned as the next generation of health engagement, one where technology can now actually deliver on its promise of empowering better health outcomes,” said Jeff Fritz, CEO of Revel. “Revel Connect™ represents the most advanced health engagement technology available. Revel’s ability to deliver flexible, personalized campaigns based on integrated health engagement strategies is unparalleled in our industry. Our clients can redefine what’s possible after experiencing how much Revel can do for them.”

Revel’s clients include some of the world’s largest health plans. The company has a proven track record of designing and implementing customized health engagement solutions that drive higher completion rates and significantly increase Medicare Star Ratings and other quality ratings. Combined with integrated, multichannel campaign strategies, the Revel Connect health engagement platform provides flexible, personalized solutions that create stronger and more meaningful engagement.

About Revel Connect. Turnkey, smart and scalable, Revel Connect health engagement apps merge artificial intelligence with human connections.  With Revel Connect, health plan member engagement programs have proven to deliver outcomes that significantly boost Medicare Star ratings. Revel Connect is the promise of data driven healthcare fulfilled: right time, right message, right channel, right person performance, with built-in gamification and rewards. Revel Connect delivers leading edge healthcare IT that seamlessly integrates valuable analytics into any healthcare organization’s workflow.

About Revel. With over 42 million member connections, Revel empowers people for health with the industry’s leading health engagement platform, Revel Connect. Revel is a healthcare technology company that is rethinking health engagement and making it better. Revel continuously finds new ways to improve healthcare member experiences, drive better health outcomes and redefine what’s possible. Learn more at Revel-Health.com

 

View original content:http://www.prnewswire.com/news-releases/healthtel-announces-company-rebranding-changes-name-to-revel-300518038.html

SOURCE Revel

New partnerships advance the Cascadia Innovation Corridor

New cross-border initiatives to connect Washington state and British Columbia.

SEATTLE, Sept. 12, 2017 /PRNewswire/ — Leaders from Washington state and British Columbia today announced a suite of new initiatives focused on improving connectivity, strengthening innovation and generating economic opportunity.

Microsoft company logo. (PRNewsFoto/Microsoft Corp.)

Launched in September 2016 in Vancouver, British Columbia, the Cascadia Innovation Corridor is built upon a shared spirit of creativity, innovation and entrepreneurship. The Corridor boasts world-renowned research organizations and global corporate leaders in a diverse array of existing and emerging technology disciplines, including aviation and aeronautics; software development; cloud computing; online retailing; big data transmission, storage and analysis; the Internet of things; mobile communications; biotechnology and the life sciences; and global health.

Governments, universities, companies, research institutions and others have joined together to tap the potential of the Cascadia region to create new and exciting economic opportunities while celebrating cultural diversity and inclusion.

By focusing on research, economic development and transportation, the Cascadia Innovation Corridor is enhancing greater connectivity, productivity and innovation for the nearly 12 million people living in British Columbia and Washington State.

Announcements today include these:

  • Three internationally recognized polytechnics have joined forces to provide industry aligned, high-skill talent for the Cascadia Corridor’s workforce needs. British Columbia Institute of Technology, Lake Washington Institute of Technology and Oregon Institute of Technology will collaborate to leverage their applied education offerings in high-demand STEM fields, and provide expanded professional practice for students and career opportunities for graduates within the Corridor’s path of influence.
  • Expansion of the Global Innovation Exchange (GIX) to include the University of British Columbia. GIX is a global partnership between major research universities and innovative corporations to develop leaders in innovation. The University of Washington and Tsinghua University in Beijing are founding partners, with support from Microsoft Corp. GIX is expanding to include the University of British Columbia as an academic network member, building a bridge across the Pacific between the Cascadia Corridor and China, and between the higher-education community and the business community in a manner that benefits students. More academic network partners will be announced shortly.
  • Seattle-Vancouver Financial Innovation Network. Set to be launched in Q4 of 2017 with support from Microsoft and Madrona Venture Group, the Seattle-Vancouver Financial Innovation Network (FIN) will bring together leading Cascadia Corridor financial services and technology companies and relevant U.S. and Canadian regulatory authorities to establish an integrated international financial center (IFC). Initial FIN programs will include promotion of coordinated digital economy cross-border investments with an emphasis on fintech, mixed reality, artificial intelligence, intelligent apps and quantum computing. The long-term FIN strategic objective is the creation of an integrated financial services cluster that competes directly with other similar-sized IFCs, such as Boston, Dublin, Shenzhen, Munich and Melbourne.
  • Progress on transportation connecting the Cascadia region
    • The state of Washington is performing an in-depth feasibility study for a potential high-speed rail line that would connect the Cascadia region. Microsoft is donating $50,000 to supplement the $300,000 in state funding approved for the study.
    • In addition, Harbour Air and Kenmore Air are working together on a new seaplane route linking Seattle and Vancouver, with a final announcement expected later this year.
  • A new cross-border startup accelerator partnership among British Columbia, Washington and Oregon. The Canadian Consulate General in Seattle, representing the government of Canada, has brought innovation partners in the three regions together to establish the Cascadia Innovation Network (CIN), which initially will include business incubators, accelerators and universities, but may later include venture capital firms and other innovation partners. The CIN focuses on bringing innovative ideas to the public by introducing startups to cross-border funding and support opportunities. A new memorandum of understanding will initially bring together the University of Washington (Co-Motion), Washington State University, Cambia Grove, Oregon Health and Science University, Oregon Translational Research & Development Institute (OTRADI), Portland State University Business Accelerator, Innovation Boulevard (BC Health Tech Accelerator), University of British Columbia (e@entrepreneurship), Accelerate Okanagan, Wavefront, and Foresight.

The two-day conference, hosted by the Seattle Metropolitan Chamber of Commerce, Microsoft, Washington Roundtable and Business Council of British Columbia, examines shared regional opportunities and challenges, including discussions on venture capital investment, higher education, life sciences, smart cities and augmented reality/virtually reality.

Speakers include Washington Governor Jay Inslee, Parliamentary Secretary to the Minster of Environment and Climate Change Jonathan Wilkinson, Hootsuite Chief Executive Officer Ryan Holmes, Microsoft President Brad Smith, BuildDirect President and CEO Jeff Booth, University of Washington President Ana Mari Cauce, University of British Columbia President Santa Ono, LifeLabs President and CEO Sue Paish, and Harvey Mudd College President Maria Klawe.

Quotes

Governor Jay Inslee: “This special relationship between our two communities is worth celebrating, cultivating and growing. Our rich history together and our confidence in the future will allow us to tackle our biggest challenges head-on, and do it in a way that makes sure everyone throughout this great region has the opportunity to be a part of the progress, and the future we create.”

Premier John Horgan: “By developing the Cascadia Innovation Corridor, we have the opportunity to unlock even more jobs and opportunities, not just in Metro Vancouver but across the province. We’re stronger when we work together. B.C. is looking forward to working with Gov. Jay Inslee and Prime Minister Justin Trudeau to develop opportunities across Cascadia.”

Brad Smith, Microsoft President: “Last year we came together as a region to build something that we simply can’t create apart: an innovation corridor to create more opportunity and prosperity on both sides of the border. By linking our two cities together through cross-border collaboration, research, funding and educational opportunities, we will spur new economic activity and opportunity that creates a better future for everyone.”

Maud Daudon, President and CEO, Seattle Metropolitan Chamber of Commerce: “We are at our best when we work together, and the spirit of collaboration between Washington and British Columbia is alive and well. We look forward to a lively discussion over the next two days about how we can work together to ensure our region can continue to compete on a global scale.”

Greg D’Avignon, President and CEO, Business Council of British Columbia: “The BC and Washington State economies were among the strongest in North America last year, due in large part to the diversity of our talent, technology and natural assets. Our two great countries, working in collaboration through the Cascadia Corridor, can make the Pacific Northwest a globally dominant digital innovation cluster that will benefit the future health and prosperity of our people, environment and economies for decades to come.”

Steve Mullin, President, Washington Roundtable: “Strong collaboration over the last year — among policy, business and community leaders from both sides of the border — has been exciting and catalyzing. I believe the shared commitment to growth and innovation will lead to great opportunities and expanded prosperity for both Washington state and British Columbia.”

Michael Schutzler, CEO, Washington Technology Industry Association: “Cross-border collaboration is exactly what our region needs. Business, academic and government leaders together in one room is a unique collaboration but an integral process to achieve results. We are proud to sponsor this year’s event to bring meaningful change to our city.”

Bill Tam, CEO and President, BC Tech Association: “It has been amazing to see the progress of the Cascadia corridor partnerships over the past year. This region more so than many others demonstrates the collaboration that’s needed to become among the top tech ecosystems in the world.”

About Microsoft

Microsoft (Nasdaq “MSFT” @microsoft) is the leading platform and productivity company for the mobile-first, cloud-first world, and its mission is to empower every person and every organization on the planet to achieve more.

About the Seattle Metropolitan Seattle Chamber of Commerce

The Seattle Metropolitan (Seattle Metro) Chamber of Commerce engages the innovation and entrepreneurship of its 2,200 members to advance economic prosperity, advocate for a vital business environment, and build sustainable and healthy communities in the Seattle region. Founded in 1882 by local business leaders, the Chamber today is an independent organization representing a regional workforce of approximately 700,000 people. For more information, visit www.seattlechamber.com.

About Washington Roundtable

The Washington Roundtable is a nonprofit organization comprised of senior executives of major private sector employers in Washington state. Our members work together to effect positive change on public policy issues that they believe are most important to supporting state economic vitality and fostering opportunity for all Washingtonians. Learn more at waroundtable.com.

About Business Council of British Columbia

Now in its 51st year as the premier business organization in British Columbia, the Business Council of BC is a non-partisan organization made up of 250 leading companies, post-secondary institutions and industry associations from across BC’s diverse economy. The Council produces exceptional public policy research and advocacy in support of creating a competitive economy for the benefit of all British Columbians.

About BC Tech Association

The BC Tech Association is guided by our mission to make BC the best place to grow a tech company. For more than 20 years, BC Tech has been providing opportunities for the tech industry to collaborate, learn and grow together. We are dedicated to connecting companies, developing talent, sharing stories and advocating on behalf of tech companies to keep our industry thriving.

Since our founding in 1993, the tech industry has quintupled to nearly $25 billion in revenue. In that time, we have played a privileged role in supporting the growth of the tech community that now includes over 9,000 companies, employs more than 90,000 people and that has been one of the strongest contributors to BC’s economic growth over the past decade.

About Washington Tech Industry Association

The Washington Technology Industry Association (WTIA) is a non-profit trade group. The primary mission of the WTIA is helping Washington residents gain access to high-wage tech-industry jobs. The WTIA acts as an independent, unifying voice to motivate industry, education and government peers to collaborate effectively and also uses group buying power to help tech companies grow profitably. The WTIA group includes the 501c6 WTIA Member Trade Association, the 501c3 WTIA Workforce Institute, and the 501c9 WTIA Voluntary Employees’ Beneficiaries Association. Apprenti is a program operated by the WTIA Workforce Institute.

 

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SOURCE Microsoft Corp.

TechNexus Venture Collaborative Forms a Joint Venture with Brunswick to Drive Innovation in Marine and Fitness

CHICAGO, Sept. 12, 2017 /PRNewswire/ — Today, TechNexus Venture Collaborative and Brunswick (NYSE: BC) announced that they have formed a joint venture to identify and incubate transformative start-up ventures with strategic marine and fitness applications that will redefine the respective industries.

TechNexus Venture Collaborative

TechNexus, which finds, funds, and grows technology ventures as a force multiplier for entrepreneurs and enterprises, will work with Brunswick to collaborate with startups that are driving innovation and growth. TechNexus’ technology focus areas include mobile and cloud, data analytics, artificial intelligence and machine learning, AR/VR, IoT, and robotics and their application across various industries including transportation, heavy industry, retail, marine and fitness.

TechNexus typically makes seed-stage and Series A investments and enables acceleration through development support and pilot management. The TechNexus-Brunswick joint venture will also provide select startups with direct access to collaborate with Brunswick.

“We realize that technology is changing the way our customers interact with our products and believe that this joint venture will help us continue to offer them industry-leading experiences,” said Brunswick’s Chief Technology Officer David Foulkes. “Marine and fitness are full of innovative opportunities, and we look forward to harnessing that momentum to drive long-term growth.”

“As emerging technology continues to change the way people move – in terms of fitness or on the water – there is vast opportunity for companies like Brunswick to redefine how customers experience the world,” said Terry Howerton, CEO of TechNexus. “Combining agile startup applications with enterprise insight and networks makes the innovation process faster and more effective to execute.”

About TechNexus
Uniquely aligning relationships in the innovation ecosystem, TechNexus finds, funds and grows technology ventures as a force multiplier for entrepreneurs and enterprises. Through accelerating commercial activity for startups and engaging enterprises earlier in the development process, TechNexus catalyzes growth. It has done so for dozens of corporate partners and more than 500 startups. Equal parts entrepreneur, strategist, and investor, TechNexus Venture Collaborative rethinks growth. For more information, visit technexus.com, follow @TechNexus on Twitter or find us on LinkedIn.

About Brunswick
Headquartered in Mettawa, Ill., Brunswick Corporation’s  leading consumer brands include Mercury and Mariner outboard engines; Mercury MerCruiser sterndrives and inboard engines; MotorGuide trolling motors; Attwood, Garelick and Whale marine parts and accessories; Land ‘N’ Sea, Kellogg Marine, Lankhorst – Taselaar, Payne’s Marine and BLA parts and accessories distributors; Bayliner, Boston Whaler, Brunswick Commercial and Government Products, Crestliner, Cypress Cay, Harris, Lowe, Lund, Meridian, Princecraft, Quicksilver, Rayglass, Sea Ray, Thunder Jet and Uttern; Life Fitness, Hammer Strength, Cybex, Indoor Cycling Group  and SCIFIT fitness equipment; and Brunswick billiards tables, accessories and game room furniture. For more information, visit www.brunswick.com.

 

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SOURCE TechNexus Venture Collaborative

Infosys Chooses Raleigh, North Carolina for its Technology and Innovation Hub

RALEIGH, North Carolina, September 12, 2017 /PRNewswire/ —

Infosys (NYSE: INFY), a global leader in consulting, technology and next-generation services, today announced that it will open its North Carolina Technology and Innovation Hub in Raleigh. This innovation Hub is expected to hire 2,000 American workers by 2021.

     (Logo: http://photos.prnewswire.com/prnh/20130122/589162 )

Towards its plan of hiring 10,000 jobs over 2 years, the company has already hired close to 1,200 American workers.

The new hub, which will open in early 2018, will occupy 60,000 square feet in a new facility in Raleigh and has the capacity to house 500 workers representing another step forward in the company’s previous announcement to hire American workers in the country. The company plans to hire the first 500 workers in Raleigh innovation hub within two years, with the remainder to be hired in the state by 2021.

“Innovation, technology, and education are part of who we are as North Carolinians, and along the course of this project, Infosys leaders have found that to be the case every step of the way. Our top-flight workforce, commitment to education, and exceptional quality of life help businesses of all sizes recruit and retain excellent employees,” said Governor Roy Cooper.

“The North Carolina Technology and Innovation Hub is part of Infosys’ investment in the future of the U.S. tech workforce and will focus on delivering cutting-edge solutions in artificial intelligence (AI), machine learning, data and advanced analytics, cloud and big data,” said Ravi Kumar, President and Deputy Chief Operating Officer, Infosys. “The Hub, located in the innovation incubator of Raleigh, will support the development of co-created solutions for our valued clients in North Carolina and the surrounding region. Attracting and retaining a skilled and motivated workforce is crucial to Infosys, and the new Tech Hub-along with the robust training program we are developing with the North Carolina Community College System and proximity to tier-one research universities-will expand Infosys’ existing North Carolina network to better serve clients in the IT, life sciences, clean technology and advanced manufacturing sectors.”  

“The City of Raleigh welcomes Infosys as a key member of our community, further bolstering Raleigh’s already strong technology economy, which has seen technology jobs grow at a rate more than double the national average over the last five years. The partnership between our city and Infosys will boost innovation and benefit businesses, schools, and workforce development in the area and we are excited to pursue this work together,” said Raleigh Mayor Nancy McFarlane

New hires will include recent graduates from the state’s prestigious network of colleges, universities and community colleges, as well as local professionals who will benefit from upskilling through Infosys’ world-class training curriculum. As part of Infosys’ commitment to grow 2,000 jobs in the state of North Carolina, the company is partnering with the North Carolina Community College System to create a customized program designed to train the workforce of the future. 

“Infosys is looking to maximize the benefits of the North Carolina Community College’s Customized Training Program. To that end, Wake Technical Community College is developing a comprehensive upskilling program, in partnership with Infosys, to train the workforce of the future. We plan to include pre-employment training, where candidates experience a short-term realistic job preview, as well as extensive post-employment training that will focus on technical and soft skills. The program will be developed as a joint effort between representatives from Infosys and Wake Tech and will ensure success for the company and the employees,” said Maureen Little, Vice President of Economic Development, North Carolina Community College System.

This commitment to education also extends to the company’s charitable foundation, Infosys Foundation USA. In North Carolina, the Foundation has provided multiple grants for classroom technology and computer science training to teachers and schools. To date, these grants have benefited 4,220 students across 82 schools, involving 92 teachers. This includes grants for professional development for teachers, hands on workshops for students, and new technology and teaching aids for classrooms, with an emphasis placed on serving underrepresented groups such as women, African American, Latino, urban, rural, and autistic groups that will gain greater access to computer science and maker education.

For more information, please visit: http://www.infosys.com/american-innovation/nc

About Infosys 

Infosys is a global leader in technology services and consulting. We enable clients in 45 countries to create and execute strategies for their digital transformation. From engineering to application development, knowledge management and business process management, we help our clients find the right problems to solve, and to solve these effectively. Our team of 198,000+ innovators, across the globe, is differentiated by the imagination, knowledge and experience, across industries and technologies that we bring to every project we undertake.

Visit http://www.infosys.com to see how Infosys (NYSE: INFY) can help your enterprise thrive in the digital age.

Safe Harbor 

Certain statements in this press release concerning our future growth prospects are forward-looking statements regarding our future business expectations intended to qualify for the ‘safe harbor’ under the Private Securities Litigation Reform Act of 1995, 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, fluctuations in foreign exchange rates, 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, industry segment concentration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks or system failures, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which Infosys has made strategic investments, withdrawal or expiration of governmental fiscal incentives, political instability and regional conflicts, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property and general economic conditions affecting our industry. Additional risks that could affect our future operating results are more fully described in our United States Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2017. These filings are available at http://www.sec.gov. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company’s filings with the Securities and Exchange Commission and our reports to shareholders. In addition, please note that any forward-looking statements contained herein are based on assumptions that we believe to be reasonable as of the date of this press release. The company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the company unless it is required by law.

SOURCE Infosys

North America is Expected to Dominate Smart Toys Market Which Will Reach US$2,119.2 mn by 2022: Transparency Market Research

ALBANY, New York, September 12, 2017 /PRNewswire/ —

A fresh market study by the researchers at Transparency Market Research (TMR) reports that the global smart toys market is heavily dependent on product innovation, and that an increasing number of players are venturing into the competitive landscape, eating out significant chunk of the total shares. Based on toy-type, the global smart toys market gains maximum demand for voice or image recognition toys, accounting for US$2,271.7 mn in 2017 and projected for a CAGR of 3.7% during the forecast period of 2017 to 2022. This segment is growing at US$ 89.7 mn annually over the course of the forecast period, and this absolute growth is larger than the any other segment, viz.

Browse Research Report: http://www.transparencymarketresearch.com/smart-toys-market.html

Nascent Market Has Strong Potential for Product Innovation 

The demand in the smart toys market, a sector born out of industrial and technological convergence, is projected for an impressive CAGR during the forecast period of 2017 to 2022. However, the market for smart toys is still at its early stage, with Sphero BB8 App-Enabled Droid being the only one that has achieved broad consumer appeal in the toys to life segment. In the near future, currently ongoing R&D efforts by the market leaders is expected to bear fruits and newer products are anticipated to make an impression on a wider population. That is when the demand in the global smart toys market will witness an escalation.

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App-enabled mechanical toys, screen less toys, toys-to-life, puzzles and building games, health tracking toys, wearables, and others. North America is identified as the most lucrative regional market for smart toys, promising a revenue worth US$2,119.2 mn by 2022. On the other hand, the demand for smart toys in the region of Asia Pacific expect Japan (APEJ) is anticipated to expand at an above-average CAGR of 3.9% during the same forecast period.

Increased Disposable Income of Urban Population Driving Demand 

Urban population is growing increasing inclined towards restless lifestyle and while they have managed to add to their disposable income, time for personalized parenting is diminishing. Smart toys utilize artificial intelligence, and are punctuated with microprocessors, input and output devices, and volatile or nonvolatile memory units. Smart toys goes beyond just being educational toys, as they can recognize speech as well as react to their surroundings in order to provide a comprehensive entertainment and engagement to children between the age group of five to 14. The growth of the global smart toys market is also a reflection of increasing awareness towards the smart toys and the availability of diverse indoor and outdoor sports and educational toys. On the other hand, high cost of these products, the lack of awareness among large masses, particularly in the emerging economies, regulatory issues for overseas distribution, and impending innovations are some of the challenges that are hindering the prosperity of the global smart toys market.

The emergence of the Internet of Things (IoT) is having tremendous positive effect on the global smart toys market too. With IoT, modern toys are increasingly becoming a potential area wherein connectivity and existing toy types can be collaborated together to innovate appealing new devices, referred to as connected or ‘smart toys’.

Request to download or View Report ToC: http://www.transparencymarketresearch.com/report-toc/30764

That being said, a few companies do hold a respectable position in the global smart toys market, such as Activision Blizzard Inc., Fisher-Price Inc., The Hasbro Inc., LeapFrog Enterprises, Inc., Spin Master Corp, Seebo Interactive Ltd, Wow Wee Group Ltd, Genesis Toy Co. Ltd, Reach Robotics Ltd, and SmartGurlz ApS. While Activision Blizzard is a little ahead of the curve, Hasbro is concentrating on revisiting the most popular toys and games. LEGO too has made heavy investments for research and development in the recent past to emerge as a notable competitor in the global smart toys market.

Global Smart Toys Market Report available @ $5795

About TMR 

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

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Website: http://www.transparencymarketresearch.com

Research Blog: http://www.cmfenews.com/

SOURCE Transparency Market Research

TCS Global Trend Study on Artificial Intelligence Reveals Industry Wide Investment by 2020

NEW YORK and MUMBAI, India, Sept. 12, 2017 /PRNewswire/ — Tata Consultancy Services (BSE: 532540, NSE: TCS), a leading global IT services, consulting and business solutions organization, today unveiled the industry findings of its Global Trend Study titled, “Getting Smarter by the Sector: How 13 Industries Use Artificial Intelligence.” Focusing on the current and future impact of Artificial Intelligence (AI), the study polled 835 executives across 13 global industry sectors in four regions of the world, revealing that they all identified artificial intelligence as increasingly important to their strategic competitiveness by 2020.

Tata Consultancy Services.(PRNewsFoto/Tata Consultancy Services)

According to the study, 80% of executives in all 13 industries currently invest in AI and almost 100% plan to invest by 2020. The insurance industry outspent the other twelve verticals surveyed, investing on average $124 million in AI systems, compared to a cross-industry average of $70 million. Consumer packaged goods reported the second most significant spend at $95 million.

Looking ahead to 2020, AI continues to be seen as a long term strategic bet, with ten of the 13 industries planning to increase their investments in AI. The increases are most dramatic among industries with the lowest current investment levels, including the travel, transport and hospitality industry, which plans to increase its spend by 750%, from $4 million in 2015 to $34 million to 2020. This is followed by rises in media, entertainment and information services (292%), industrial manufacturing (74%), healthcare (44%), and banking and finance (29%).

“The second phase of our Global Trend Study highlights that all industries see AI technology as a major game-changer on their business competitiveness by 2020,” said K. Ananth Krishnan, Chief Technology Officer of TCS. “It’s striking that the sectors making the boldest current or future AI investments and citing the most significant results seem to group around industries like insurance, travel, hospitality, and telecom, where disruption is having a major impact, and consumer-focused sectors such as the consumer packaged goods industry, where the customer experience can be significantly enhanced by AI innovation.”

AI Investments as a Percentage of Revenue and ROI
The leading investors in AI, determined as a percentage of average company revenue, were the consumer packaged goods (CPG) industry (0.66%), followed by utilities (0.53%), insurance (0.52%) and telecommunications (0.39%). Companies reported that their AI initiatives had a strong positive impact on both revenue improvement and cost reduction in the specific business areas where they invested in artificial intelligence. The average revenue increase across all 13 industries was 17%, while the average cost reduction was 12%. Telecom companies generated the most value from AI investments in 2015, in terms of revenue improvement (average 25%) and cost reductions (average 20%).

AI used in the IT function most frequently
The most frequently mentioned business function using AI was perhaps unsurprisingly in IT, with high-tech and utilities companies more frequently using cognitive technology in their IT operations than the 11 other industry sectors. Across all 13 industries studied, only 29% of companies are using AI in sales today. However, more than half the CPG companies (52%) and nearly half the retailers (49%) are using AI tools to improve sales performance.

Potential headwinds to AI adoption
Effectively managing the security risk of AI systems is of paramount importance for the majority of industries, with companies in the automotive, banking and financial services, CPG, technology, industrial manufacturing, and telecoms industries all stating this as the number one success factor to derive real value from AI. Moreover, all industry sectors cited the importance of getting managers and employees to trust the advice provided by AI systems, and getting employees to learn about and adopt the new processes and systems that AI requires.

In almost all sectors, addressing people’s fears about losing their jobs was not ranked as a major barrier. This was underlined in phase one of the Global Trend Study released in March this year, which found companies with the biggest revenue and cost improvements from AI see the need for at least three times as many new jobs in each function by 2020 because of cognitive computing innovations.

About The 2017 Global Trends Study
The seventh annual Global Trends Study from TCS surveyed 835 leading executives from companies in four global regions, with an individual mean annual turnover of $20bn. The four regions surveyed were North America (including Canada), Europe (UK, Germany, France, Denmark and Switzerland), Asia-Pacific (India, China, Australia, and Japan) and Latin America (Brazil and Mexico).  The study was concluded in June 2016. For more information, or to download the study, go to http://sites.tcs.com/artificial-intelligence/

About Tata Consultancy Services Ltd. (TCS)
Tata Consultancy Services is an IT services, consulting and business solutions organization that delivers real results to global business, ensuring a level of certainty no other firm can match. TCS offers a consulting-led, integrated portfolio of IT, BPS, infrastructure, engineering and assurance services. This is delivered through its unique Global Network Delivery Model™, recognized as the benchmark of excellence in software development. A part of the Tata group, India’s largest industrial conglomerate, TCS has over 385,000 of the world’s best-trained consultants in 46 countries. The company generated consolidated revenues of U.S. $17.6 billion for year ended March 31, 2017 and is listed on the BSE Limited and National Stock Exchange of India Limited. For more information, visit us at www.tcs.com.

 

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SOURCE Tata Consultancy Services

Jargon is Holding Businesses Back from New Technology Investment, says Epicor

AUSTIN, Texas, Sept. 12, 2017 /PRNewswire/ — With technology jargon constantly changing, business professionals around the world are struggling to gain a proper understanding of the technologies they need to embrace, to shape the future of their businesses. This is one of the findings of a study from Epicor Software Corporation, a global provider of industry-specific enterprise software to promote business growth. The global survey of business decision makers and employees, which set out to understand the key drivers for business growth, has found a worrying lack of understanding around industry terminology.

“Businesses are tired of playing buzzword bingo and we believe that it’s time vendors and the technology community did more to engage with distributors, manufacturers or retailers in their own language. Talking about the business benefits that new technology can bring will help organizations to make critical decisions for the future.” - Celia Fleischaker, Chief Marketing Officer, Epicor Software

One-in-five business leaders admitted they had heard of, but were not familiar with, common technology terms such as big data (22%) and cloud software-as-a-service (22%). This is despite the fact that many technologists moved on from talking about these as trends years ago, and are now exploring the strategic use of innovative technologies such as artificial intelligence (AI), digital twins, and conversational systems. 

Applied AI, advanced machine learning, and intelligent things made the ‘Top 10 Strategic Technology Trends for 2017’1 published by Gartner, yet the Epicor research suggests users are even less comfortable with these terms than cloud and big data.

A prolific amount of jargon in the fast-changing technology world might account for the fact that so many business professionals are unfamiliar with the key innovations affecting their sector, as they happen, despite recognizing the important role technology has to play in business.

Although they find the jargon baffling, business professionals do recognize the importance of technology investments for driving the growth of their businesses. The same research found that 88% of fast-growing businesses consider IT investment to be a high priority, compared to just 41% of businesses experiencing weak growth. In addition, half (47%) agree that IT will help their organizations overcome future challenges in the market, work more efficiently (38%) and plan better (33%).

“It appears that many businesses are convinced of the importance of technology investments—and many are reaping the rewards. Yet some are not fully aware of the latest technologies available to them, and it’s possible that the complex terminology and fast-changing landscape could be factors here,” said Celia Fleischaker, executive vice president and chief marketing officer at Epicor Software. “This is concerning because if business leaders cannot tell their AI from their IoT, or see the potential of a smart and connected factory, they may hold back from investing in the latest technologies. Businesses are tired of being baffled by buzzwords and jargon and we believe that it is time vendors and the technology community did more to engage with distributors, manufacturers or retailers in their own language. Talking about the business benefits that new technology can bring will help organizations to make critical decisions for the future.”

John Preiditsch, president at Six S Partners Inc. said, “The customers we work with on a day-to-day basis are more concerned with the business outcomes of the technology we sell, rather than the precise details of the technology itself. Businesses need to justify every investment in new technology, and talking in jargon or technical terms can put decision makers off and make that justification challenging when there is a disparity over language. During my last 30 years in the ERP market — 10 years as an Epicor value-added ERP reseller partner — I’ve found that talking the language of business and about the impact and payback of the investment, rather than the language of AI, IoT or technical terminology, is much more effective when it comes to helping our customers fully embrace and envision the use of the latest technologies.” 

The research, conducted by Morar Consulting on behalf of Epicor, questioned 2,450 business decision makers and employees in businesses in 12 countries across the globe, about their growth performance in the last 12 months. For further information on the research, go to http://ow.ly/aMnq30f52FI.

About Epicor Software Corporation
Epicor Software Corporation drives business growth. We provide flexible, industry-specific software designed around the needs of our manufacturing, distribution, retail, and service industry customers. More than 40 years of experience with our customers’ unique business processes and operational requirements are built into every solution―in the cloud, hosted, or on premises. With this deep understanding of your industry, Epicor solutions manage complexity, increase efficiency, and free up resources so you can focus on growth. For more information, connect with Epicor or visit www.epicor.com.

Epicor and the Epicor logo are trademarks of Epicor Software Corporation, registered in the United States and other countries. Other trademarks referenced are the property of their respective owners. The product and service offerings depicted in this document are produced by Epicor Software Corporation.

1 Source: Smarter With Gartner, “Gartner’s Top 10 Strategic Technology Trends for 2017,” by Kasey Panetta, October 18, 2016

Contact:

Tabita Seagrave

Director, International Communications

Epicor Software Corporation

+ 44 79 2002 6714

tseagrave@epicor.com

 

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SOURCE Epicor Software Corporation

Mindtree Opens U.S.-based ‘Digital Pumpkin’

BANGALORE and WARREN, New Jersey, September 12, 2017 /PRNewswire/ —

Ideation center in Warren, NJ helps U.S. enterprises harness their digital potential

Mindtree, a global technology services and digital transformation company, today announced the grand opening of its first international Digital Pumpkin innovation hub located within its Warren, NJ office. Building on the success of the original Digital Pumpkin at its global headquarters in Bangalore, India, the facility addresses the demand from Mindtree clients in the U.S. for an interactive space where multi-disciplinary teams can ideate, design and craft meaningful digital experiences.

     (Logo: http://photos.prnewswire.com/prnh/20140416/681203 )

Within the 16,000-square-foot Digital Pumpkin, businesses can build a culture of innovation by bringing together a multi-disciplinary team of experts from Mindtree and technology accelerators including partners such as start-ups with solutions that can benefit our clients. These come together to create empathetic user stories, personas and customer journey maps, functional prototypes and pilots for future projects. The space offers a multitude of solutions, accelerators and tools for clients to access and put plans into play, including a Multichannel Site Builder, Consumer Engagement and Loyalty Platform, Next-Generation Unified Interface for Consumer-Centric Organizations and more. Through well-established methodologies, assets and processes, Mindtree experts leverage their technical skills, domain expertise and consulting capabilities to help clients leverage these solutions and turn ideas into lasting business advantage.

“Mindtree’s Digital Pumpkin is our jewel in the crown of helping our clients navigate Digital to produce high-impact business advantage,” said Rostow Ravanan, CEO of Mindtree. “It is the perfect laboratory to help catalyze digital ideas into real-world solutions and to ensure those solutions are infused across the entire organization. The success of our Bangalore-based Digital Pumpkin was overwhelming and led to creating a similar space to better serve our U.S. clients.”

Since the opening of the Bangalore-based Digital Pumpkin in 2013, the innovation hub has been the seedbed behind more than 50 major transformations. The Warren, N.J. location will help Mindtree meet the demands of U.S.-based customers looking to access the expertise and platforms offered at the Digital Pumpkin without having to travel internationally. Among some of the most successful technologies that are part of the Digital Pumpkin portfolio include solutions around Internet of Things, Artificial Intelligence, Cognitive Solutions, Virtual & Augmented reality, Machine learning, Conversational, Cloud and Big data. Mindtree’s partners will also be involved in finding solutions for our clients where appropriate.

For more information about The Digital Pumpkin and to watch videos showcasing the space, please visit here.

About Mindtree
 

Mindtree [NSE: MINDTREE] delivers digital transformation and technology services from ideation to execution, enabling Global 2000 clients to outperform the competition. ‘Born digital,’ Mindtree takes an agile, collaborative approach to creating customized solutions across the digital value chain. At the same time, our deep expertise in infrastructure and applications management helps optimize your IT into a strategic asset. Whether you need to differentiate your company, reinvent business functions or accelerate revenue growth, we can get you there. Visit to http://www.mindtree.com learn more.

All product and company names herein may be trademarks of their registered owners.

For more information, contact:
India                   
Ankita Dubey                
Mindtree                
+91-789919001                
ankita.dubey@mindtree.com         

United States
Erik Arvidson
Matter Communications
+1-978-518-4542
earvidson@matternow.com

Europe
Imogen Nation                
Hotwire                    
+44-20-7608-4675
imogen.nation@hotwirepr.com

SOURCE Mindtree

The Rapid Growth of Subscription-based Businesses

NEW YORK, September 12, 2017 /PRNewswire/ —

According to a report by Forbes, subscription businesses are growing at an exponential rate. In the month of April 2017, subscription company websites had about 37 million visitors, which represents growth of over 800% since 2014. The growth of subscription-based businesses is in part, attributed to the affects that technology has had on consumer behavior. The report indicates that besides technology, the most important reason for subscription companies’ growth is the change in retail tastes. “It’s not enough anymore just to give consumers what they’re looking for, if they know what they want they can get it with a click any time. To get a consumer excited, you have to offer something they’re not expecting and subscriptions are an ideal instrument for surprise,” according to the article. LottoGopher Holdings, Inc. (OTC: LTTGF), Amazon.com, Inc. (NASDAQ: AMZN), Stamps.com Inc. (NASDAQ: STMP), Cisco Systems, Inc. (NASDAQ: CSCO), Salesforce.com (NYSE: CRM)

Technology does help businesses to study their potential clients. According to Forbes, John Fetto of Hitwise, who presented at the recent Subscription Summit in Austin explained, “Personalization is key. Don’t be afraid to ask for information from your consumer to help you deliver a more curated experience.” Understanding the consumer’s needs is a crucial part of today’s online shopping culture, and it allows businesses to retain customers as subscribers for longer periods of time. “Subscriptions don’t go on forever, eventually consumers end them. The key to enhanced profitability for subscription businesses is selling products that are good enough to lengthen the life of the average subscription. Subscription companies are always trying to replace the subscribers that leave and increase their subscriber base,” the report indicates.  

LottoGopher Holdings, Inc. (OTCQB: LTTGF) is also listed on the Canadian Securities Exchange under the ticker symbol “LOTO”. Earlier today the company announced breaking news that actor, director, author and singer, William Shatner, has partnered up with LottoGopher to become the spokesperson for the Company. Shatner is a pop icon and Canadian-born actor best recognized for his roles on Star Trek, Boston Legal and T.J. Hooker. He was born in Montreal in 1931 and began his career as a child performer in radio programs for the Canadian Broadcasting Corporation (CBC). Click this link to view Shatner’s video announcement: William Shatner Announces LottoGopher Collaboration.

William Shatner commented: “I am very happy to be joining the LottoGopher team. Much like Netflix disrupted the movie rental business and Uber hailing a cab, LottoGopher is disrupting the lottery industry for Americans. Consumers nowadays demand exceptional service, competitive pricing, and the convenience of buying products online. LottoGopher offers a simple, cost-effective way to order lottery tickets online and I look forward to helping their customers dream big!”

James Morel, President and CEO of LottoGopher, commented: “We are beyond thrilled that William Shatner has agreed to collaborate with us to accelerate awareness of the brand as our spokesperson. His association and endorsement of LottoGopher will open up a huge audience base for our online lottery messenger service. He is one of the most recognizable celebrities in the world. We are very honored to be working with him and look forward to using his light-hearted brand of humor in our marketing.”

Shatner pursued acting during his time at McGill University and in 1956 made his Broadway debut in Tamburlaine the Great, directed by Sir Tyrone Guthrie. Shortly thereafter, he entered the new and emerging medium of television. After a series of lead and support acting roles in the early 60’s, in 1966 Shatner took the famous role of Captain James T. Kirk on Star Trek where he commanded the U.S.S. Enterprise, a starship traveling through space in the twenty third century. This was a life-changing, pivotal role for him that has highlighted his entire life’s narrative and his professional resume. In 1997, Shatner teamed up with travel discount site, Priceline.com. Priceline’s Nasdaq listed stock (NASDAQ: PCLN) has traveled from approximately $16.00 for the initial public offering, to $1840 more recently where it rests with a US$90 billion dollar market cap.”

Amazon.com, Inc. (NASDAQ: AMZN) launched Amazon Prime-an all-you-can-eat express shipping membership program for about a million products in February 2005. Amazon Prime is one of the world’s most popular subscription services, with a 50% increase in members globally in 2014. Tens of millions of Prime members enjoy fast, free unlimited shipping on more than 30 million items, as well as unlimited streaming of tens of thousands of movies and TV episodes, more than one million songs-and thousands of playlists and stations with Prime Music, early access to select Lightning Deals all year long, free secure, unlimited photo storage in Amazon Cloud Drive with Prime Photosone and one free pre-released book a month with Kindle First.

Stamps.com Inc. (NASDAQ: STMP) is the leading provider of Internet-based postage solutions, with nearly 650,000 monthly subscribers. Stamps.com was the first company to be approved by the U.S. Postal Service® to offer a software-only postage service that lets customers buy and print postage online. The Company targets its services to small businesses, home offices and online retailers, and currently has PC Postage partnerships with Avery, Microsoft, HP, the U.S. Postal Service and others. Stamps.com offers customers a secure Internet mailing solution to print postage using their existing computer, printer and Internet connection without having to go to the Post Office™. Small businesses, home offices and online retailers can now manage their mailing and shipping operations more efficiently and securely than with postage meters or regular stamps. Everyone can enjoy the convenience of online postage and avoid waiting in line at the Post Office.

Cisco Systems, Inc. (NASDAQ: CSCO) is the worldwide technology leader that has been making the Internet work since 1984. On August 1, 2017, the company announced it has completed the acquisition of Viptela Inc., a privately held software-defined wide area network company based in San Jose. Viptela will expand Cisco’s SD-WAN portfolio with increased flexibility and simplicity delivered through the cloud. The acquisition of Viptela fits into Cisco’s strategic transition towards a software-centric, subscription-led networking model. Viptela provides a compelling SD-WAN solution with advanced routing, segmentation and security capabilities for interconnecting complex enterprise networks.

Salesforce.com (NYSE: CRM) is the world’s largest provider of customer relationship management software. On June 15, 2017, the company launched Salesforce Einstein Analytics, delivering advanced analytics for millions of CRM users. Einstein Analytics adds a layer of artificial intelligence to the entire analytics workflow, automatically surfacing CRM insights and recommending actions to accelerate sales, improve customer service and optimize marketing campaigns. Sales Analytics and Service Analytics are generally available starting at $75 per user, per month. Custom Einstein Analytics Apps are generally available starting at $150 per user, per month.

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