Press Releases

Gridsum to Announce Third Quarter 2017 Financial Results on November 28, 2017

BEIJING, Nov. 21, 2017 /PRNewswire/ — Gridsum Holding Inc. (“Gridsum” or the “Company”) (NASDAQ: GSUM), a leading provider of cloud-based big-data analytics and artificial intelligence (“AI”) solutions in China, today announced that it plans to release its unaudited financial results for the third quarter ended September 30, 2017 after the close of U.S. markets on Tuesday, November 28, 2017.

Gridsum’s management team will host an earnings conference call at 7:30 PM Eastern Time on Tuesday, November 28, 2017 (or 8:30 AM Beijing Time on Wednesday, November 29, 2017) to discuss the financial results.

Participants may access the call by dialing the following numbers:

United States:

+1-845-675-0437

International Toll Free:

+1-866-519-4004

Hong Kong:

+852-3018-6771

China Domestic:

400-620-8038

Conference ID:

4969718

The replay will be accessible through December 6, 2017 by dialing the following numbers:

United States Toll Free:

+1-855-452-5696

International:

+61-2-8199-0299

Conference ID:

4969718

A live and archived webcast of the conference call will be available through the Company’s investor relations website at http://ir.gridsum.com.

About Gridsum 

Gridsum Holding Inc. (NASDAQ: GSUM), is a leading provider of cloud-based big-data analytics and AI solutions for multinational and domestic enterprises and government agencies in China. Gridsum’s core technology, the Gridsum Big Data Platform, is built on a distributed computing framework and performs real-time multi-dimensional correlation analysis of both structured and unstructured data. This enables Gridsum’s customers to identify complex relationships within their data and gain new insights that help them make better business decisions. The Company is named “Gridsum” to symbolize the combination of distributed computing (Grid) and analytics (sum). As a digital intelligence pioneer, the Company’s mission is to help enterprises and government organizations in China use data in new and powerful ways to make better informed decisions and be more productive.

Safe Harbor Statement

This announcement contains forward-looking statements. These forward-looking statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements can be identified by terminology such as “may,” “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to” and similar statements. Among other things, quotations from management in this announcement as well as Gridsum’s strategic and operational plans contain forward-looking statements. Gridsum may also make written or oral forward-looking statements in its reports filed with, or furnished to, the U.S. Securities and Exchange Commission, in its annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Gridsum’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: unexpected difficulties in Gridsum’s pursuit of its goals and strategies; the unexpected developments, including slow growth, in the digital intelligence market; reduced demand for, and market acceptance of, Gridsum’s solutions; difficulties keeping and strengthening relationships with customers; potentially costly research and development activities; competitions in the digital intelligence market; PRC governmental policies relating to media, software, big data, the internet, internet content providers and online advertising; and general economic and business conditions in the regions where Gridsum provides solutions and services. Further information regarding these and other risks is included in Gridsum’s reports filed with, or furnished to, the Securities and Exchange Commission. All information provided in this press release and in the attachments is as of the date of this press release, and Gridsum undertakes no duty to update such information except as required under applicable law.

For more information, please visit http://www.gridsum.com/.

Investor Relations

Gridsum 
ir@gridsum.com

Christensen

In China 
Mr. Christian Arnell 
Phone: +86-10-5900-1548 
Email: carnell@christensenir.com 

In U.S. 
Mr. Tip Fleming 
Phone: +1-917-412-3333 
Email: tfleming@christensenir.com

View original content:http://www.prnewswire.com/news-releases/gridsum-to-announce-third-quarter-2017-financial-results-on-november-28-2017-300560078.html

SOURCE Gridsum Holding Inc.

The global artificial intelligence (AI) market in food and beverage (F&B) industry is forecasted to grow at a CAGR of 42.18% during the period 2017-2021

LONDON, Nov. 21, 2017 /PRNewswire/ — About Artificial Intelligence (AI) in Food and Beverage (F&B) Industry

AI technologies have been developed over the years, to assist humans in deliberating, deducing, analyzing, and inventing new technologies that can help end-users. AI embodies multiple disciplines that allow computers to perform functions associated with human intelligence such as reasoning, problem-solving, and learning. Manufacturers in the F&B industry can experience several benefits by deploying AI technology in the manufacturing sector.

Download the full report: https://www.reportbuyer.com/product/5207154

Technavio’s analysts forecast the global artificial intelligence (AI) market in food and beverage (F&B) industry to grow at a CAGR of 42.18% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global artificial intelligence (AI) market in food and beverage (F&B) industry for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA

Technavio’s report, Global Artificial Intelligence (AI) Market in Food and Beverage (F&B) Industry 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
• Aboard Software
• Ailyti
• Analytical Flavor Systems
• Deepnify
• ImpactVision

Other prominent vendors
• IntelligentX Brewing
• Martec Of Whitwell
• NotCo
• Sight Machine
• TOMRA

Market driver
• Regulations to improve food safety
• For a full, detailed list, view our report

Market challenge
• Limited automation in the F&B industry in developing countries
• For a full, detailed list, view our report

Market trend
• Emergence of IIoT
• For a full, detailed list, view our report

Key questions answered in this report
• What will the market size be in 2021 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?

You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.

Download the full report: https://www.reportbuyer.com/product/5207154

About Reportbuyer
Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers

For more information:
Sarah Smith
Research Advisor at Reportbuyer.com
Email: query@reportbuyer.com
Tel: +44 208 816 85 48
Website: www.reportbuyer.com

 

View original content:http://www.prnewswire.com/news-releases/the-global-artificial-intelligence-ai-market-in-food-and-beverage-fb-industry-is-forecasted-to-grow-at-a-cagr-of-4218-during-the-period-2017-2021-300560588.html

SOURCE ReportBuyer

Nano Global, Arm Collaborate on Artificial Intelligence Chip to Drive Health Revolution by Capturing and Analyzing Molecular Data in Real Time

AUSTIN, Texas, Nov. 21, 2017 /PRNewswire/ — Nano Global, an Austin-based molecular data company, today announced that it is developing a chip using intellectual property (IP) from Arm, the world’s leading semiconductor IP company. The technology will help redefine how global health challenges – from superbugs to infectious diseases, and cancer are conquered.

The pioneering system-on-chip (SoC) will yield highly-secure molecular data that can be used in the recognition and analysis of health threats caused by pathogens and other living organisms. Combined with the company’s scientific technology platform, the chip leverages advances in nanotechnology[1], optics[2], artificial intelligence (AI)[3], blockchain authentication[4], and edge computing[5] to access and analyze molecular-level data in real time.

“In partnership with Arm, we’re tackling the vast frontier of molecular data to unlock the unlimited potential of this universe,” said Steve Papermaster, Chairman and CEO of Nano Global. “The data our technology can acquire and process will enable us to create a safer and healthier world.”

“We believe the technology Nano Global is delivering will be an important step forward in the collective pursuit of care that improves lives through the application of technology,” said Rene Haas, executive vice president and president of IPG, Arm. “By collaborating with Nano Global, Arm is taking an active role in developing and deploying the technologies that will move us one step closer to solving complex health challenges.”

Additionally, Nano Global will be partnering with several leading institutions, including Baylor College of Medicine and National University of Singapore, on broad research initiatives in clinical, laboratory, and population health environments to accelerate data collection, analysis, and product development.

The initial development of the chip is in process with first delivery expected by 2020. The company is already adding new partners to their platform.

For more information visit: www.nanoglobal.com.

Statistics on antimicrobial resistance / cancer

  • The annual cost to the US health care system of antibiotic-resistant infections is over US$ 20 billion (Source) (Source)
  • In the United States, Clostridium difficile (C.diff) alone is responsible for 250,000 infections and 14,000 deaths, adding US$ 1 billion dollars per year. (Source)
  • Superbugs could cause up to 10 million deaths per year by 2050. (Source)
  • Reports have shown that globally up to 700,000 people die of resistant infections every year. (Source)
  • In 2015, infectious diseases killed over 5.6 million people. (Source)
  • Cancer is the second leading cause of death globally, and was responsible for 8.8 million deaths in 2015. Globally, nearly 1 in 6 deaths is due to cancer. The number of new cases is expected to rise by about 70% over the next 2 decades. (Source)

All statistics are taken from reports compiled by the World Health Organisation (WHO), the US Centers for Disease Control and Prevention (CDC) and the UK government-funded Review on Antimicrobial Resistance (AMR).

Technology references:
[1] Nanotechnology is used in the engineering of the artificial intelligence chip as well as to develop solutions to health challenges.
[2] The optics include a combination of both microscopy and spectroscopy, utilized for molecular interaction data capture in real time.
[3] Artificial intelligence, including machine learning and vision, help identify patterns of molecular data discovered in order to predict trends, validate identifying markers, and uncover potential threats.
[4] Blockchain technology is utilized as a fundamental architectural element supporting data attribution, privacy, and security, as well as economic mechanisms.
[5] Edge computing enables highly-optimized, local processing and analysis of molecular data and relevant parameters in real time.

About Nano Global
Nano makes real-time molecular data addressable and scalable for a safer, healthier world. The company is redefining how human and environmental health challenges are conquered by making the world their laboratory. Nano was founded by CEO and Chairman, Steve Papermaster. It is headquartered in Austin, Texas, with teams in Singapore; Shanghai, China; and Bangalore, India. www.nanoglobal.com

Nano is a trademark of Nano Global – all other trademarks are of their respective owners.

 

Nano Global Logo

View original content with multimedia:http://www.prnewswire.com/news-releases/nano-global-arm-collaborate-on-artificial-intelligence-chip-to-drive-health-revolution-by-capturing-and-analyzing-molecular-data-in-real-time-300559508.html

SOURCE Nano Global

Bloomberg Law to Spotlight E-Discovery Resources and Expertise at Live Event, Webcast

ARLINGTON, Va., Nov. 21, 2017 /PRNewswire-USNewswire/ — Bloomberg Law will demonstrate its depth of knowledge and resources for e-discovery professionals at two events next week, hosting a special live event in New York City, “Emerging Technologies & Legal Ethics,” on Thursday, November 30.  As part of E-Discovery Day on Friday, December 1, Bloomberg Law is sponsoring two webcasts: “‘Real’ E-Discovery News: Reporters Recap Top E-Discovery Storylines From 2017” and “E-Discovery Judges Get Candid: A Practical Conversation.”

Bloomberg Law Logo (PRNewsfoto/Bloomberg Law)

“The proliferation of electronically stored information and evidence continues to present new challenges for lawyers and law departments, and Bloomberg Law is proud to present this essential thought leadership to guide e-discovery practitioners,” said Scott Falk, Vice President & General Manager, Health Care & Litigation, Bloomberg Law. “In addition to providing expert reporting to help e-discovery professionals keep up-to-date on emerging trends and developments, Bloomberg Law now offers a comprehensive, dedicated E-Discovery Practice Center, which is the only resource of its kind available on an integrated legal research and business intelligence platform.”

The in-person, CLE-eligible event will be held in New York City from 4 to 7 p.m. on November 30, with a reception following. The expert panels will examine the ethical issues associated with technology assisted review (TAR) and predictive coding, as well as how lawyers may be able to use artificial intelligence to draft legal briefs and other documents. Attendees will engage with experts and explore:

  • Ethical duties implicated by emerging technologies
  • Implications of GDPR on the ability to use algorithms that use personal identifying information
  • Eventual use of AI to draft legal briefs and other documents

Learn more about this event and register at http://on.bna.com/uwhN30gJg1D.   

E-Discovery Day is an industrywide initiative launched by Exterro aimed at promoting e-discovery awareness and education. The webcast on e-discovery news from 2017 will feature Ethan Bowers, managing editor for the E-Discovery Practice Center on Bloomberg Law, as an expert panelist. In Bloomberg Law’s other sponsored webcast, three e-discovery savvy judges will discuss how legal departments can meet evolving e-discovery court requirements with practical advice. To see all the E-Discovery Day events and for registration information, visit: http://on.bna.com/cdtR30gJg6t.

About Bloomberg Law
Bloomberg Law helps legal professionals provide world-class counsel with access to actionable legal intelligence in a business context.  Bloomberg Law delivers a unique combination of practical guidance, comprehensive primary and secondary source material, trusted and exclusive content, news, time-saving practice tools, market data and business intelligence. For more information, visit www.bna.com/bloomberglaw.

 

View original content with multimedia:http://www.prnewswire.com/news-releases/bloomberg-law-to-spotlight-e-discovery-resources-and-expertise-at-live-event-webcast-300560459.html

SOURCE Bloomberg Law

Intralinks and Toppan Vintage Announce Global Strategic Alliance

HONG KONG, Nov. 21, 2017 /PRNewswire/ — Toppan Vintage, a leading international financial printing, communications and technology company and Intralinks®, the world’s leading Virtual Data Room (VDR) provider, announced today a strategic partnership.

Christabel Lee, Managing Director, Toppan Vintage Limited (Left) and Allan Robertson, Senior Vice President, Asia Pacific, Intralinks (Right)

Intralinks and Toppan Vintage will jointly market and develop a suite of best-in-class services for deals, including the leading virtual data room, the industry’s only auto-pagination typesetting system and traditional financial printing services. Combining the best VDR and financial printing and communications solutions will enable dealmakers and issuers to be more productive than ever.

“We’re incredibly excited with the Intralinks’ alliance,” said Yeo Chee Tong, President & CEO of Toppan Leefung Pte. Ltd., Toppan Vintage’s parent company. “As one of the largest financial printing companies in the world, we’re proud to now offer our clients access to the world’s leading VDR provider. We’re confident that this sharing of services and capabilities will have enormous benefits for both Toppan Vintage’s and Intralinks’ clients.”

The alliance is designed to support both organization’s clients with cutting-edge solutions throughout the lifecycle of a deal and beyond, when issuers are public. Both existing and new clients will have access to a wide-range of full-service and SaaS solutions, including products for capital raising, due diligence, typesetting, SEC filings, printing and mailing. The combined services will equip these clients with secure, efficient and end-to-end collaboration during and after deals.

“This is an excellent collaboration for both ours and Toppan Vintage’s clients,” said Leif O’Leary, CEO of Intralinks. “Our market-leading virtual data room platform allows our clients to use collaboration as a competitive advantage, and to further drive their company-wide gains in the areas of productivity, efficiency and innovation. The newly refocused Intralinks remains committed to bringing superior solutions to the global deal making community and we are proud to offer it to Toppan Vintage’s clients. We look forward to working with Toppan Vintage and providing our clients with access to their exceptional financial printing capabilities.”  

Intralinks’ industry-leading virtual data rooms facilitate more than 6,000 transactions annually, serving a community of more than 4.1 million registered users. Intralinks’ VDR is the leading solution for high-stakes, strategic transactions from M&A due diligence to partnership negotiation. Their VDR capabilities feature complete document security, self-launch data rooms, artificial intelligence and mobile access.

Toppan Vintage has been a pioneer and trusted financial printing partner in the Asian financial markets for more than three decades, and has evolved into a global company serving corporations, investment companies, financial institutions and their legal and banking advisors. The firm plans to continue to aggressively grow their financial solutions and expand operations around the world. 

About Toppan Vintage
Toppan Vintage, a leader in financial printing and communications solutions, is part of the Toppan Printing Co., Ltd., the world’s largest printing group, headquartered in Tokyo with approximately US$13 billion in annual sales. Toppan Vintage has been a pioneer and trusted partner in the financial markets for three decades, serving the financial, legal and corporate communities with meticulous, responsive service and unparalleled local market expertise and capabilities. Toppan Vintage’s expanding operations deliver a hassle-free experience for mission-critical content for capital markets transactions, financial reporting and regulatory compliance filings, investment companies and insurance providers. Learn more at www.toppanvintage.com.

About Intralinks
Intralinks is a leading financial technology provider for the global banking, deal making and capital markets communities. As pioneers of the virtual data room, Intralinks enables and secures the flow of information facilitating strategic initiatives such as mergers and acquisitions, capital raising and investor reporting. In its 20-year history Intralinks has earned the trust and business of more than 99 percent of the Global Fortune 1000 and has executed over $34.7 trillion worth of financial transactions on its platform. For more information, visit www.intralinks.com.

Issued on behalf of Intralinks and Toppan Vintage by Newell Public Relations.

Trademarks and Copyright
“Intralinks” and the Intralinks’ stylized logo are the registered trademarks of Intralinks, Inc. © 2017 Intralinks, Inc.

Toppan Vintage (PRNewsfoto/Toppan Vintage)

View original content with multimedia:http://www.prnewswire.com/news-releases/intralinks-and-toppan-vintage-announce-global-strategic-alliance-300560024.html

SOURCE Toppan Vintage

Digital Garage and Blockstream Expand Partnership to Accelerate Cryptocurrency and Blockchain Deployments in Japan

SAN FRANCISCO, Nov. 20, 2017 /PRNewswire/ — Blockstream, the leader in blockchain technologies and financial cryptography, and Digital Garage, Inc., the Japanese company that provides “new contexts” through the Internet by implementing three core technologies: IT (Information Technology), MT (Marketing Technology), and FT (Financial Technology), have entered into an expanded, multi-year strategic technology partnership to further accelerate blockchain initiatives and establish Japan as a leading market for blockchains. In addition to this partnership agreement, the DG Lab Fund I that has been in operation since July 2016 by DG Daiwa Ventures, Inc., a joint venture between Digital Garage, Inc. and Daiwa Securities Group, Inc., has invested in Blockstream, thereby raising the company’s total funding to date to more than $80 million (USD).

 (PRNewsfoto/Blockstream)

“This expanded partnership is coming at a time in the Japanese market where we’re seeing incredible interest in Bitcoin and blockchain technologies,” said Kaoru Hayashi, Representative Director, President Executive Officer and Group CEO of Digital Garage. “Japan is on the forefront of financial innovation and is a leader in digital assets. In this future-looking market, it was imperative that we have a solid technology foundation on which to build industry-leading, blockchain-based financial applications for our customers. Blockstream’s Elements Blockchain Platform gives us the solid foundation we need – it’s highly secure, thoroughly tested, and backed by the blockchain experts at Blockstream.”

“We are excited to expand our partnership with DG Lab and to be at the forefront of blockchain technology in Japan,” said Dr. Adam Back, CEO of Blockstream. “The Japanese market is ready for new business models that blockchain technologies can enable. DG Lab is a clear leader in blockchain services in Japan and has strong technical experience working with the applied cryptography and technologies within the Elements Blockchain Platform. Collaborating with DG Lab presents an incredible opportunity to accelerate the deployment of blockchain-based solutions in the market.”

The most recent investment by Digital Garage in Blockstream and expanded partnership with DG Lab are a testament to the fast pace of adoption of blockchain technologies across Asia, and beyond. DG Lab is an open innovation research and development organization established with Digital Garage, Kakaku.com, Inc., and Credit Saison Co., Ltd. As part of today’s announcement, DG Lab is announcing that The Tokyo Tanshi, one of the largest Japanese IDBs (Inter-Dealer Brokers), is joining the effort and will be working with DG Lab and Blockstream on a number of innovative blockchain projects. To begin, DG and Tokyo Tanshi will work with Blockstream to issue and circulate local currencies using blockchain technology and to enter the cryptocurrency OTC market.

“We have spent significant time over the past two years researching and experimenting with various cryptocurrency and blockchain technologies,” said Yuichiro Yanagida, President of The Tokyo Tanshi. “While there are many interesting initiatives underway, we have been the most impressed with the maturity and potential of the Elements Blockchain Platform. We believe working with DG Lab and Blockstream presents many exciting new capabilities for the next 100 years of our company.” 

Today’s announcement of the expanded partnership builds on a successful collaboration that has been in place since early 2017. Recent joint activities have included the Blockchain Core Camp (BC2) event in Tokyo where more than 100 engineers from leading companies and the government sector gathered to learn how to use and deploy blockchain technologies available now and in the future, as well as the loyalty point demonstration released by DG Lab earlier this year that shows the transfer of assets on the Elements Blockchain Platform using its Confidential Transactions and Confidential Assets capabilities.

The Elements Blockchain Platform is an open source initiative sponsored by Blockstream that builds on the Bitcoin blockchain codebase with advanced features for enterprise use. Elements powers a number of blockchain-based solutions, including Blockstream’s Liquid blockchain offering, which is currently being integrated by a number of Bitcoin exchanges in Japan and around the world.

For more information on the Elements Blockchain platform, visit https://blockstream.com/technology/#elements.

For more information on Liquid, visit https://blockstream.com/liquid/.

About Digital Garage & DG Lab
Digital Garage is at the cutting edge of the Web, engaging in projects that have been recognized as “Japan’s first” endeavors in their respective genres. Digital Garage, along with Kakaku.com and Credit Saison, jointly founded “DG Lab”. DG Lab creates high level products and services with a focus on 5 core technologies: Blockchain, Artificial Intelligence (AI), Virtual Reality (VR) / Augmented Reality (AR), Security and Biotechnology.
http://www.garage.co.jp/en/
https://www.dglab.com/en/

About Blockstream
Blockstream is the leader in interoperable blockchain technologies (sidechains), and applying innovative uses of cryptography for commercial privacy within blockchain infrastructures. Advancing the most mature, fully tested, and secure blockchain infrastructure in production with the most experienced teams in the industry, Blockstream partners with companies around the world that are seeking a path to production for digitized assets and new cryptographic financial systems. Learn more at https://blockstream.com/

 

View original content with multimedia:http://www.prnewswire.com/news-releases/digital-garage-and-blockstream-expand-partnership-to-accelerate-cryptocurrency-and-blockchain-deployments-in-japan-300559984.html

SOURCE Blockstream

Black Friday Mania: Expert System Applied AI to Twitter to Understand Consumer Trends

ROCKVILLE, Md., Nov. 21, 2017 /PRNewswire/ — Black Friday and Cyber Monday are almost here. Starting Friday, November 24, shoppers can get a head start on their Christmas shopping with some of the biggest sales of the season. But what do consumers want for Black Friday this year? Are they tweeting more about Black Friday or Cyber Monday? What are the most popular purchasing categories and brands?

Expert System Logo (PRNewsFoto/Expert System)

By harnessing the powerful AI features of the cognitive technology Cogito, Expert System analyzed a sample of 120,000 tweets in English, French, German, Spanish and Italian. Posted online from October 20 to November 20, 2017, tweets were associated with the most-used hashtags for the 2017 Black Friday and Cyber Monday such as #blackfriday, #BlackFriday2017, #cybermonday, #cybermondaydeals, #cyberweek etc.

In the analysis of tweets dealing with the two shopping days offers a clear picture of the buzz around the two days: 75% of tweets are focused on Black Friday deals while 25% only are about Cyber Monday offers but the clear split between these two days is tending to disappear. In this scenario, Amazon is the king: in tweets in all languages, in fact, Amazon is the most frequently mentioned retailer also thanks to a huge advertising campaign dealing with the upcoming cyber week.

What are the best selling products?
According to the sample of 120,000 tweets analyzed by leveraging cognitive technology Cogito, high-tech products category is dominating the Twitter scene, and Apple is disruptive. Regardless of the language of tweets, Apple is the most cited brand in the high-tech sphere and, in the never-ending battle between iPhone and Galaxy, iPhone wins (69% of English tweets dealing with smartphones deals are focused on iPhone, 31% on Galaxy).

Cyber week traditionally means also big deals on games and even in 2017 there is a lot of buzz around Microsoft Xbox and Sony PS4. By comparing the two products, in the English tweets MS Xbox wins (62% of English tweets dealing with gaming are focusing on Xbox).

More details on Expert System analysis are available here and in this infographic.

Expert System created Cogito, a cognitive computing technology that transforms the way organizations find, comprehend and use information. Cogito leverages proprietary artificial intelligence algorithms to deliver business value and ROI by extracting actionable knowledge from internal and external information and automating business processes. Cogito has been deployed to serve enterprises and government organizations in some of the world’s largest industries (Banking and Insurance, Pharmaceuticals, Oil and Gas, Publishing and Government) including companies such as Shell, Chevron, Eli Lilly, Nalco Champion, Bloomberg BNA, Sanofi, Thomson Reuters, Wiley, Wolters Kluwer, the U.S. Department of Agriculture and the U.S. Department of Justice.

For more information visit www.expertsystem.com, follow us on Twitter at @Expert_System

 

View original content with multimedia:http://www.prnewswire.com/news-releases/black-friday-mania-expert-system-applied-ai-to-twitter-to-understand-consumer-trends-300560305.html

SOURCE Expert System

UnionPay showcased state-of-art e-payment technologies at Singapore FinTech Festival 2017

SINGAPORE, Nov. 20, 2017 /PRNewswire/ — UnionPay unveiled its vision for the future of e-payments with a technology showcase at the Singapore FinTech Festival (SFF) 2017 held from 13 to 17 November. Featuring UnionPay FacePay – a new face recognition technology that enables users to pay for purchases by taking a photo of their face; Sound Code – a new technology that encodes data into ultrasonic sound waves to enable interactive payments for users; Virtual Reality – a new application that allows retailers to visualise in-store layouts and the integration of new payment technologies prior to implementation; and an enhanced Risk Management System – which helps issuers and acquirers verify consumer data and evaluate creditworthiness in real-time to manage the risk of card fraud; these technologies are being tested in real-life scenarios in partnership with brands in Asia, offering visitors a glimpse into the future of e-payments.

UnionPay at Singapore FinTech Festival 2017

Joshua, an attendee from Silicon Valley who works in the science and technology industry, experienced UnionPay FacePay, and was intrigued by it, commenting: “UnionPay displays very strong innovation capability in FinTech.” UnionPay FacePay can reach 99.5% accuracy in facial recognition, and has a wide variety of potential applications in unattended scenarios. The technology is under pilot testing and is expected to be launched in Asia soon.

FACEPAY

Developed for attended and unattended sales scenarios, UnionPay FacePay enables users to pay for their purchases by leveraging face recognition technology. Users can link their facial identity to their payment accounts, and make hands-free payment by taking a photo of their face using the FacePay-enabled system. With a wide variety of potential applications in the food & beverage (F&B), retail industries as well as in unattended scenarios such as unmanned vending machines and more, this technology is being tested in partnership with LinkFace, and aims to be rolled out in Asia in the near future.

SOUND CODE

UnionPay’s Sound Code is an interactive, open platform solution built upon sound wave technology. Sound Code enables users to encode data into ultrasonic sound waves, and transmit them to the receiver, before being decoded into readable data. Sound Code also enables users to conduct more precise audience targeting, facilitate multimedia interaction, push out information, payment and e-vouchers to partners. Potential applications of Sound Code include:

  • Enabling the purchase of an outfit worn by a character on a TV show;
  • Ordering food via an online menu sent from a device using a discrete ultrasonic wave to the user’s mobile device; and
  • Receiving information on an actor’s film accolades while watching their movies.

VIRTUAL REALITY

Developed primarily for retailers to visualise in-store layouts and the integration of new payment technologies prior to actual implementation, UnionPay’s Virtual Reality solution is built using Unreal Engine 4 and the HTC Vive headset. By immersing users into a virtual retail environment modelled after the real world, UnionPay envisions a future where payment services will be integrated within the virtual reality space, enabling password-free payment based on biometric identification or computer vision. This solution is currently being tested in partnership with Beijing Sureal Network & Technology Co. Ltd, and will be rolled out at clothing and grocery stores in China, followed by implementation in other markets in Asia.

RISK MANAGEMENT SYSTEM

As a holistic risk management system that helps issuers and acquirers improve their fraud mitigation procedures, UnionPay’s enhanced Risk Management System now features risk-based authentication, real-time fraud interception and near real-time card risk monitoring. The enhanced system not only helps issuers and acquirers verify consumer data in real-time, but also enables them to evaluate creditworthiness and personal credit risk to better manage the risks of card fraud and fraudulent use.

“As a global payment brand focused on realising the vision for a cashless society, UnionPay continuously innovates by working with developers and partners to conceptualise new payment solutions that can enable convenience and ease of e-payments for consumers around the world. Through extensive research, rigorous testing and trial, our aim is to connect consumers, businesses and financial institutions with cost-effective and secure payment technologies that will define the world of payments. The technology showcase at the Singapore FinTech Festival 2017 marks the beginning of more payment innovations to come, as we intensify our efforts in harnessing artificial intelligence, blockchain, big data and cloud technologies to enable quicker, safer and more seamless payments for consumers and businesses,” said Mr. Shuan Ghaidan, Director of Products, UnionPay International.

The 5-day Singapore FinTech Festival is the largest FinTech event in 2017, with about 300 participating companies from more than 40 countries and regions and over 25,000 attendees.

View original content with multimedia:http://www.prnewswire.com/news-releases/unionpay-showcased-state-of-art-e-payment-technologies-at-singapore-fintech-festival-2017-300559967.html

SOURCE UnionPay International

ChemAxon and DEXSTR Team-Up to Boost Chemistry in Unstructured Data

BUDAPEST, Hungary and TOULOUSE, France and BOSTON, November 21, 2017 /PRNewswire/ —

ChemAxon, a leading provider of cheminformatics software for life sciences announces a strategic partnership with DEXSTR, an innovative provider of Scientific Knowledge Management solutions.

     (Logo: http://mma.prnewswire.com/media/474544/ChemAxon_Logo.jpg )

Organizations have an unprecedented quantity of continuously generated unstructured data. Inquiro, DEXSTR’s Scientific Knowledge Management System significantly enhances the R&D digitalization process, turning unstructured data into actionable insight. Inquiro combines powerful scientific capability with innovative technology, including indexing, automatic metadata generation, big data storage and analytics.

ChemAxon provides cheminformatics software such as chemical search engine JChem Base, drawing component Marvin JS and the Document to Structure application, all which have now been integrated into the Inquiro Scientific Knowledge Management solution.

Users of Inquiro will benefit from a wide range of chemistry features such as smart chemical detection, storage, indexing and structural searching.

“We are pleased to partner with ChemAxon, allowing us to expose powerful chemistry capabilities directly within Inquiro, enabling our customers to go a step further in the digitalization of their R&D data knowledge.” said David Peyruc, CEO at DEXSTR. “ChemAxon is an agile company, always developing its capability to provide leading-edge cheminformatics software to scientists. Our team was able to quickly and seamlessly integrate the ChemAxon software with Inquiro. I was impressed by the agility and willingness of the ChemAxon team to make things happen.”

Ferenc Csizmadia, CEO of ChemAxon commented, “We understand that for information driven organizations there is a strong demand for better exploitation of unstructured scientific data. We are delighted to announce this partnership with DEXSTR, bringing extended cheminformatics capability to the innovative Inquiro platform and delivering immediate value to DEXSTR’s customers”

For further information about ChemAxon, please visit www.chemaxon.com or contact sales@chemaxon.com
For media inquiries, please contact marketing@chemaxon.com

About ChemAxon 

ChemAxon is a leader in providing cheminformatics software platforms and desktop applications for the chemistry, biotechnology, pharmaceutical and agrochemical industries. We provide interaction with users and software portability to create powerful, cost effective cross platform solutions that power modern cheminformatics and chemical communication. The company is privately owned with European headquarters in Budapest, US East Coast headquarters in Cambridge, MA and sales and support offices in Europe, Japan and across North America.

Follow us on Twitter, Facebook, YouTube and LinkedIn .

About DEXSTR 

DEXSTR provides innovative software solutions to collect, enrich, exploit and share business knowledge. With Inquiro, DEXSTR offers a unique approach that turns scientific data into knowledge. Using Artificial Intelligence (AI), combined with scientific public ontologies, Inquiro transforms unstructured data into structured and actionable information. The company was founded in 2014 by bioinformatics experts with experience in major pharmaceutical groups and is headquartered in Toulouse, France.

You can find more information here: www.dexstr.io

SOURCE ChemAxon

Huawei Helps China Insurance Giant CPIC Leads in the Digital Era

“For traditional financial services companies, digitalization is neither a label nor a trend, but a key factor that is crucial to the long-time survival of an enterprise. The CPIC digital strategy aims to innovate business models by leveraging technical advantages. CPIC is firmly walking the road to digital transformation, and we will continue our collaboration with Huawei to provide customers with convenient, high-quality insurance services.”

— Yang Xiaoling
CPIC Vice President and Chief Digital Office

SHENZHEN, China, Nov. 21, 2017 /PRNewswire/ — Similar to the many garages where important technology companies have started, a London cafe may be considered as the cradle of the modern insurance industry. Lloyd’s Coffee House, near the River Thames, was a gathering place for mariners, merchants, and ship owners to discuss matters of interest to the community, including ship brokering, foreign trade, and the establishment of an auction market for the insurance market that later became Lloyd’s of London. From the burial of gold for use in the afterlife by the pharaohs of Egypt and the disaster relief reserves of ancient Babylonia, to modern insurance mechanisms, the insurance industry has constantly evolved with human society to meet everyone’s security needs.

In recent years, higher levels of income have improved the standard of living for many people. One result of this phenomenon is the decision to buy insurance as a means to manage risk. However, the complicated nature of insurance products can easily dampen the desire of new customers to buy insurance. Further, traditional insurance marketing methods, such as cold calling, telemarketing, and face-to-face promotions are not keeping up with the fast-pace of Internet era business relationships. People are no longer merely obsessed with insurance clauses – they are more willing to pay for their ideal way of life. Therefore, the insurance industry of the future will face more long-tail customers and have to deal with more scenario-based personalization and customization needs. Driven by a variety of factors in the current market, traditional insurance companies face the need to restructure their operating paradigms based on current customer behaviors and update their business models for greater innovation. By doing so, they will be positioned to provide customers with smart, one-stop insurance services through all marketing channels, from consultancy to purchase, and insurance claims to renewal.

The challenges confronting the legacy insurance industry are rising due to pressure from Internet start-ups that are opening new sales and marketing channels. Rising operating costs and increased efficiency are everlasting topics against the backdrop of an overall growth in business volumes year after year. Traditional insurers are looking for a more ideal way to survive.

Exploration and Breakthrough: CPIC Joins with Huawei to Move Towards Digitization

China Pacific Insurance (Group) Co., Ltd. (“CPIC”) is a Fortune Global 500 company. Founded in 1991, CPIC has grown into an integrated insurance services company with a full range of licenses that span life, property and casualty, pension, health, and agricultural insurance and asset management. Headquartered in Shanghai, CPIC has over 5,400 branches and a workforce of more than 90,000 employees. CPIC provides risk assurance solutions to over 100 million customers through a nationwide marketing network and diversified service platform.

With the rapid development of mobile Internet, CPIC is constantly exploring new technologies to improve business operations and customer services and, in 2017, officially announced its ‘Digital CPIC’ strategy. Core tenets of this strategy include a focus on ‘customer requirements-driven’ transformation by providing products and services based on customer insights; developing client applications through the creation of a smart technology engine; establishing a business and management sharing platform to create new tools, paradigms, and sectors. CPIC is committed to quickly implement its ‘Digital CPIC’ strategy and accelerate digital transformation in ways that embrace the Internet and integrate new technologies into the financial services sector.

Huawei is a high-tech giant with unmatched technical strengths that never stops researching, developing and exploring new technologies. An industry-leader in R&D and cutting-edge technology deployment in cloud computing, Big Data, and converged communications, Huawei shares with CPIC a strategic business focus that is dedicated to empowering digital transformation across industries.

With similar development philosophies and the aim to provide customers with better services, CPIC and Huawei signed a strategic cooperation agreement in September 2014. Subsequently, the two companies have set up a technology applications laboratory to jointly explore how new ICT technologies might be used in the insurance business.

Guided by the strategic cooperation agreement, executives from both parties frequently interact and communicate with each other. In June 2017, Kong Qingwei, Chairman of CPIC and Huawei Founder Ren Zhengfei met in Shenzhen, China and, two months later, again in Shanghai. Both parties have expressed the intention to fully capitalize on the joint laboratory to unleash the full potential of the two companies’ combined advantages. The shared goal between CPIC and Huawei is to provide consumers with a complete insurance service experience and to lead the next growth period for the insurance industry.

Omni-channel Digital Services: The ‘Digital CPIC’ Strategy

Unlike food, clothing, or housing, insurance is not a basic necessity of peoples’ lives. It is for this reason that the insurance industry will always face challenges in the marketing phase. Traditional marketing tactics relied upon personal referrals and door-to-door promotional approaches – neither of which scale efficiently and are better suited to one-time purchases. However, in today’s cloud computing and Big Data era, the insurance industry has innate data advantages, as it now more possible than ever to deeply mine and analyze business data, customer information, and media information to create 360-degree customer profiles. The result is the ability to more accurately target potential customers and discover a wider range of opportunities by market segment or channel to make product innovations and gain better insights into the dynamics of the insurance market. Markets become more competitive when insurance companies are willing to reshape their business models and service patterns.

In 2016, CPIC and Huawei launched a finance and insurance solution that was built on an IT infrastructure and Big Data platform. CPIC quickly set up a ‘Customer Data ATM’ processing system to mine and analyze hundreds of millions of customer-level data points, including age, education, income, family, and insurance purchase history. Based on the results, front-end business applications are fine tuned to deliver individualized customer insights with a single click. The system supports 4,000 nodes and delivers insight into customers’ personalized demands and assurance solutions.

In the past, when service activities for targeted insurance customers needed to be paused, the target customer groups needed to be selected and extracted from the database manually. This approach was inefficient, time-consuming, and constrained by the systems’ minimal concurrency capabilities. Customer service personnel were often unable to fulfill the potential needs for the affected customers within a shortened time period. Today, CPIC is making a difference by using open-source Solr and Spark database technologies that provide real-time batch data processing for applications with an average query response time of 3 seconds. CPIC’s customer service system is built on this platform to support multi-level, multi-dimensional keyword searches that achieve ‘instant results and second-level rendering.’ These new database technologies are paving the way for transitioning to more intelligent insurance services.

In addition, CPIC deployed Huawei’s Enterprise Cloud solution to optimize and upgrade its enterprise cloud. A new hyper-converged architecture that implements Software-Defined Storage (SDS) has greatly improved the response time for CPIC application systems. And, to accommodate an expected increase in concurrent access by future customers, CPIC and Huawei have designed and verified a Software-Defined Networking (SDN) solution for its data center network with good results.

Through 2017, CPIC and Huawei are continuing to deepen their cooperation in multiple fields, including data center and enterprise cloud construction, Big Data and Artificial Intelligence (AI), and digital security. The two companies are working closely to promote the construction of CPIC’s cloud data center infrastructure, create innovative industry applications, and improve digital security. Both CPIC and Huawei are expected to jointly explore and research further innovations for the ‘CPIC cloud,’ ‘smart customer services,’ and ‘digital risk control.’ Combined, all of these efforts are helping to accelerate the completion of CPIC’s digital transformation.

“For traditional financial services companies, digitalization is neither a label nor a trend, but a key factor that is crucial to the long-time survival of an enterprise,” said Yang Xiaoling, CPIC Vice President and Chief Digital Officer. “The CPIC digital strategy aims to innovate business models by leveraging technical advantages. CPIC is firmly walking the road to digital transformation, and we will continue our collaboration with Huawei to provide customers with convenient, high-quality insurance services.”

In recent years, Huawei has reported a fast growth of sales revenue in China’s financial services markets, with a Compound Annual Growth Rate (CAGR) of over 90 percent. Huawei’s products and solutions are being utilized by many customers in the insurance industry to help them fulfill their digital transformation goals. In the future, Huawei will leverage its forward-looking position in the technology industry to deliver strategic insights for its financial services customers to achieve digital transformation and further enable the transformation of the entire finance services industry.

To date, 197 companies on the Fortune Global 500 list and 45 of the top 100 enterprises have chosen Huawei as their partner for digital transformation. To know more about Huawei helping enterprises achieve digital transformation, please visit

http://e.huawei.com/topic/leading-new-ict-en/index.html?utm_campaign=lni17-minisiteen&utm_medium=hwdc&utm_source=ebghome-en&source=eebghq175155l

View original content:http://www.prnewswire.com/news-releases/huawei-helps-china-insurance-giant-cpic-leads-in-the-digital-era-300560232.html

SOURCE Huawei