Artificial Intelligence and Blockchain Aim to Turn 1 Billion People into Entrepreneurs by 2040

LUGANO, Switzerland, March 29, 2018 /PRNewswire/ —

ORS GROUP is on a Mission to Empower Entrepreneurs with the New Digital Alphabet: ABC – Artificial Intelligence, Blockchain, Cryptocurrency  

Blockchain technology continues to be one of the most exciting emerging technologies in the world today. Individuals, corporations, and even governments are developing means to use this revolutionary tool in advancing their processes. Many experts have come out to say that Blockchain holds the key to the actualization of a number of important technological breakthroughs. Within the haze of excitement and optimism, the core of the discourse surrounding Blockchain tends to center on strengths and weaknesses of the technology.

     (Logo: https://mma.prnewswire.com/media/660225/ORS_GROUP_Logo.jpg )

A key figure in the Blockchain and cryptocurrency community is Fabio Zoffi, the President and Executive Chairman of ORS GROUP. Here is how his journey to the Blockchain shores began.

Early this year, Zoffi wrote: My journey towards the blockchain shores is revealing itself like a musical composition of what I have been reasoning and partially acting upon in the last few years the true nature of capitalism and money, how to turn technologies into successful businesses, the advancement of scientific breakthroughs in robotics and A.I., and the consequences for society.

Being a serial entrepreneur, he embarked on this journey five years ago, when he met his friend and business partner, Pierluigi Riva. Riva is the founder and products mastermind of ORS GROUP, a global provider of algorithms and software solutions for optimizing value chains. The Piedmont-raised and London-educated scientist had been running the company for 15 years at that point.

Fast track to March this year: the fast-growing company with a presence in Italy, Germany and the US, to name a few, has announced its expansion into the Blockchain space. By combining the power of A.I. with blockchain technology, thanks to the newly created ‘Hypersmart Contracts’ and the group aims to empower 1 billion small entrepreneurs by 2040.

Observing the impact of automation over the course of its 20-year history, the group has become acutely aware of a future in which a few giant corporations and wealthy individuals might control robotic plants and global assets. Its mission is to avoid this scenario by releasing their algorithms and technology to the masses. Any talented individual can consequently become an entrepreneur with a lasting competitive advantage in their field.

The international high tech firm boasts a strong team of scientists and IT developers including mathematicians, econometricians, and economists. Clients include Fortune 2000 enterprises and span industries including retail, energy, finance, and manufacturing. ORS GROUP software solutions save their clients over $1 billion yearly.

ORS GROUP have recognised that the blockchain can be utilised for collecting and sharing information with ease among decentralised, independent organisations and that Ethereum smart contracts are extremely useful for executing instant payments without financial intermediaries. As a result, they formulated the new “Digital Alphabet” which connects together A.I., Blockchain and Cryptocurrency, thanks to their newly created ‘Hypersmart Contracts’.

Hypersmart Contracts act as intelligent connectors, which activate A.I. algorithms to solve complex efficiency and optimization problems utilizing data stored on-chain. They are also able to release instant cryptocurrency payments. Together these technologies can lead to significant improvements in global value chains, which even small farmers can benefit from.

For example, algorithms can be used to predict crop yields and for dynamic price optimization while blockchain can be used for providing transparency about the whole food chain, and cryptocurrency is used for receiving immediate payments. As an end result, small farmers can regain bargaining powers against distributors and compete globally. Watch Dr. Zoffi explain how hypersmart contracts can empower entrepreneurs globally:  Video.

The Group and Eidoo, an app that helps cryptocurrency go mainstream with a multi-currency wallet, have closed a sales agreement for integrating the ORS Crypto Robo Advisor “Hypersmart Contract” with the Eidoo wallet. Eidoo users are able to automatically use A.I. algorithms in trading and investing crypto assets on the basis of their own preferences and risk profiles.

With over 200,000 downloads worldwide, Eidoo is set to become a leader in offering advanced blockchain-related functionalities.

ORS GROUP is making these algorithms and solutions available to the community at large – providing the ABC technology building blocks: Artificial Intelligence, Blockchain, and Cryptocurrency to entrepreneurs.

Dr. Zoffi has previously mentioned that it is no secret that automation and AI are going to change the world very quickly. Fabio wants ORS GROUP to help ensure a bright future for our children, not a dystopian one. The group aims to build a future that is more creative, entrepreneurial and more equal. He raised concerns that not everyone has the skills or knowledge to run and grow a business that can compete globally; but thanks to ORS’ new Digital Alphabet now they will be equipped.

When I learned about blockchain technology everything came together in my mind and we decided to enter the crypto world to help empower a community of developers and entrepreneurs worldwide. – Fabio Zoffi.

What differentiates ORS and makes their story unique? Let us give you one example: For a global manufacturing and retail company with over $10B in sales, our A.I.-based software is deciding in real time the yearly distribution of 20M items to almost 300k customers from a network of 200 distribution centers and warehouses. And in taking such decisions (“whom should receive what, when and how?”), the algorithms optimize the whole supply chain and even send commands to Systems, Applications, and Products for execution. The significant results are a 50% reduction in inventories and $200M in savings every year. Watch how here: Video.

About ORS Group

Founded in Italy, now with global operations, the ORS GROUP is a software company with over 20 years of experience in delivering sophisticated A.I. based optimization software solutions to a large international client base (http://www.ors.ai ).

Their new product, the Hypersmart Contracts (“HSC”), aims to provide access to more than 1,000 proprietary algorithms and hundreds of software solutions to the Crypto Community and to established businesses (http://www.orsgroup.io ).

ORS Department of Communications at contact.us@orsgroup.io, +39-0173-620-211

SOURCE ORS GROUP

Video streaming software market stood at around USD2 billion in 2017 and is projected to grow at a CAGR of over 24%, to cross USD10 billion by 2023

NEW YORK, March 29, 2018 /PRNewswire/ — Read the full report: https://www.reportlinker.com/p05368786

According to “Global Video Streaming Software Market By Component, By Streaming Type, By Deployment Type, By End User, By Region, Competition Forecast and Opportunities, 2013-2023”, video streaming software market stood at around USD2 billion in 2017 and is projected to grow at a CAGR of over 24%, to cross USD10 billion by 2023, on the back of mobile and broadband infrastructure enhancements, rise in data traffic across various smart devices and development of audio and video compression techniques, etc. across the globe. Moreover, increasing network bandwidth for fulfilling rising demand among users to view videos on multiple screens, growing deployment of video analytics as well as artificial intelligence for enhancing user experience and surging demand for video streaming across education sector are expected to boost global video streaming software market in the coming five years. Global Video Streaming Software market is controlled by these major players, namely– Brightcove, Inc., Ooyala, Inc., IBM Corporation, Kaltura, Inc, Haivision Systems, Inc., Panopto, Inc., Wowza Media Systems, LLC, Vbrick, Inc., Muvi LLC and Vimeo LLC, among others.

“Global Video Streaming Software Market By Component, By Streaming Type, By Deployment Type, By End User, By Region, Competition Forecast and Opportunities, 2013-2023”, discusses the following aspects of video streaming software market globally:
•Video Streaming Software Market Size, Share & Forecast
•Segmental Analysis – By Component (Solution & Services), By Streaming Type (Video-on-demand & Live Streaming), By Deployment Type (On-Premise & Cloud), By End User, By Region
•Competitive Analysis
•Changing Market Trends & Emerging Opportunities

Why You Should Buy This Report?
•To gain an in-depth understanding of video streaming software market globally
•To identify the on-going trends and anticipated growth in the next five years
•To help industry consultants, video streaming software provider, distributors and other stakeholders align their market-centric strategies
•To obtain research-based business decisions and add weight to presentations and marketing material
•To gain competitive knowledge of leading market players
•To avail 10% customization in the report without any extra charges and get the research data or trends added in the report as per the buyer’s specific needs

Report Methodology
The information contained in this report is based upon both primary and secondary research.Primary research included interaction with video streaming software provider, distributors and industry experts.

Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports and proprietary databases.

Read the full report: https://www.reportlinker.com/p05368786

About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need – instantly, in one place.

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Contact Clare: clare@reportlinker.com  
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SOURCE Reportlinker

Go the extra mile at SAS® Global Forum 2018, April 8-11 in Denver

CARY, N.C., March 29, 2018 /PRNewswire/ — At altitude, a golf ball flies longer because thinner air exerts less drag on it. If you need an extra couple yards on your golf shots, teeing up at a course in Denver might do the trick.

You can also boost your career and your business by attending SAS Global Forum 2018 in the Mile High City. SAS Global Forum is the world’s largest analytics conference, with more than 30,000 business and IT users of SAS software participating on-site and online. This year’s conference takes place April 8-11 at Denver’s Colorado Convention Center. It will explore the latest trends in analytics, artificial intelligence (AI), big data, data management, the Internet of Things (IoT), fighting fraud, managing risk and more.

Like the golf ball traveling 10 percent farther in Denver’s rarified air, you can extend your analytics knowledge by registering today for SAS Global Forum 2018.

Community of experts

Learn how leading organizations and analytics experts are responding to the continued growth of big data, the emergence of AI and the IoT, and the changing analytics economy. Among the organizations presenting at SAS Global Forum 2018 are 3M, Advance Auto Parts, Allianz, Anthem, BMO, Barclays, Boehringer Ingelheim, Charles Schwab, Cisco, Comcast, Dell, Deloitte, HSBC, HSN, Intel, Johnson & Johnson, KPMG, Kaiser Permanente, Kellogg’s, Levi Strauss, Meijer, Merck, PNC, Red Hat, SAS, Sprint, State Farm, Syneos Health, the US FDA, USPS, UnitedHealth Group, Via and Wyndham.

A number of prestigious schools will also be presenting this year at SAS Global Forum 2018, including the University of California, University of Michigan, University of North Carolina and University of Oklahoma. Students and professors are encouraged to attend this expanded program for academia.

The conference will also feature keynotes from business and leadership experts including:

  • Jim Goodnight, CEO of SAS
  • Dan Heath, New York Times best-selling author of Made to Stick, Switch and Decisive.
  • Carey Lohrenz, first female F-14 Tomcat pilot and author of Fearless Leadership.
  • Jon Meacham, presidential historian and Pulitzer Prize-winning author of American Lion: Andrew Jackson in the White House.

SAS Global Forum will feature live demos of the latest SAS technology for advanced analytics, artificial intelligence (AI) and machine learning, IoT, data management, risk management, fighting fraud and more.

Register today!

Registration is open for SAS Global Forum 2018. The conference will feature ample opportunity to network with fellow analytics devotees, from executives to front-line business users to quantitative experts and data scientists. In addition, come for a presentation from TV’s Adam Savage and all that Denver has to offer.

Connect with #SASGF

SAS fans can follow and engage SAS Global Forum 2018 via these social media channels:

About SAS

SAS is the leader in analytics. Through innovative software and services, SAS empowers and inspires customers around the world to transform data into intelligence. SAS gives you THE POWER TO KNOW®.

SAS and all other SAS Institute Inc. product or service names are registered trademarks or trademarks of SAS Institute Inc. in the USA and other countries. ® indicates USA registration. Other brand and product names are trademarks of their respective companies. Copyright © 2018 SAS Institute Inc. All rights reserved.

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SOURCE SAS

Promoting Excellence in Simio’s Management Team

PITTSBURGH, March 29, 2018 /PRNewswire/ — Simio LLC, provider of leading-edge solutions for the design, emulation and scheduling of complex systems, announced the promotion of three of their key managers – Renee Thiesing, Gerrit Zaayman and Tony Innamorato – to new positions of authority within the company.

As Simio’s new Vice President of Strategic Alliances, Renee Thiesing has the primary responsibility for establishing and building strategic business and technology partnerships globally. Renee originally graduated from the University of Michigan and Auburn University with a BS and MS of industrial engineering. Renee’s invaluable experience in management and consulting for software companies across several industries led to her initial role as a Simio senior application engineer in which she provided customer training in the fields of healthcare, logistics, supply chain, manufacturing, food production and aerospace.  

As Vice President of Scheduling and Digital Transformation, Gerrit Zaayman’s rich experience in process, supply chain and workflow simulation will allow him to lead Simio forward into the 4th Industrial Revolution. Following his Bachelor’s degree in electronic engineering, Mr. Zaayman specialized in process and workflow simulation, Business Process Reengineering and Artificial Intelligence. He has experience in bringing the SIMAN and Arena simulation systems to the market, as well as having taken the roles of director of sales and marketing at Softeon and of country manager for i2 Technologies in South Africa.

In his new role as Vice President of Customer Solutions, Tony Innamorato now leads all of Simio’s client-facing projects and manages key project stakeholder relationships. With an MBA from Wharton, five years in Navy Special Operations and experience as an engagement manager at McKinsey, Mr. Innamorato is now responsible for delivering successful scheduling and simulation solutions to maximize Simio’s value in the workplace.

Simio LLC was founded in 2005 by a highly experienced team. Founder and CEO of Simio LLC, C. Dennis Pegden, Ph.D., has over three decades experience in simulation and scheduling and has been widely recognized as an industry leader. He led in the development of SLAM (marketed by Pritsker and Associates) and then founded Systems Modeling Corporation. Dennis led the creation of the market-leading simulation products SIMAN® and Arena®, as well as, the finite capacity scheduling product Tempo. Now Simio is a market leading, 4th generation simulation product with patents for flexible object design and scheduling risk analysis. Simio object design eliminates text based coding for building models and planners can predict the risk in their detailed production schedules. Simio’s unified model works for both facility design and managing daily operations. To learn more, visit Simio.com.  

The combined experience added to Simio’s management team in these latest promotions ensures that Simio LLC provides continued excellence through simulation and scheduling tools.

Please visit the company website https://www.simio.com or contact Eric Howard at ehoward@simio.com for more information.

Related Images

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Gerrit Zaayman

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Tony Innamorato

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Renee Thiesing

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SOURCE Simio LLC

The Linux Foundation Announces 35 New Silver and 3 New Associate Members

SAN FRANCISCO, March 29, 2018 /PRNewswire-USNewswire/ — The Linux Foundation, the nonprofit organization enabling mass innovation through open source, announced the addition of 35 Silver members and three Associate members. Linux Foundation members help support development of the greatest shared technology resources in history, while accelerating their own innovation through open source leadership and participation.

The Linux Foundation logo

“It is exciting to welcome so many wonderful organizations from across technology, finance, education, transportation, communications and other important industries into The Linux Foundation,” said Jim Zemlin, executive director, The Linux Foundation. “We look forward to working with them and the broader open source community to continue building new and better innovative technologies.”

In addition to joining the Foundation, many of these new members have joined Linux Foundation projects like Automotive Grade Linux, Cloud Native Computing Foundation, EdgeX Foundry, Hyperledger, LF Networking and more. For a full list of members, visit https://www.linuxfoundation.org/membership/members/.

Linux Foundation Silver members are organizations that contribute to or otherwise support open source communities and projects.

February’s new Linux Foundation Silver members are:

  • ARKAMYS delivers sound experiences in automotive, mobile phones, VR and IoT industries using built-in speakers.
  • ATS (a KGPCo Company) is a service delivery organization with core competencies in Open Source Software around virtual infrastructure management, software-defined networking, network functions virtualization, cybersecurity, data analytics and professional services.
  • Bank of America is a multinational banking and financial services corporation.
  • Beijing Truth Technology provides a cloud computing platform designed to eliminate isolated information islands, ensure data security, promote the valuable flow of data and enhance the government authority and service level of judiciary in public data service.
  • CloudBees recently acquired Codeship and together are the hub of enterprise Jenkins and cloud native DevOps, providing companies with smarter solutions for accelerating software development and the fastest path from great ideas to impactful software.
  • CloudOps provides private, public and hybrid cloud solutions for businesses seeking to scale, and for enterprises making their move to the cloud.
  • Comarch specializes in the design, implementation and integration of advanced IT services and software.
  • CreationLine, Inc. is a Japanese IT firm, specialized in DevOps, Big Data Analytics and container technology, and a leader in delivering speed and innovation solutions to major enterprise companies in this region.
  • Customer Care, Inc. transitions enterprise IT software applications and networks into an optimal virtualized environment to meet ever expanding present and future needs.
  • FORFIRM is an IT consultancy firm developing innovative solutions for business.
  • Guavus drives rapid, insightful decisions and actions leveraging advanced analytics and artificial intelligence, to enable digital transformation.
  • Hangzhou Woqu Technology Co., Ltd. provides database and system architecture design, optimization, implementation, and disaster recovery solutions.
  • Intuit provides global products and platforms, including TurboTax, QuickBooks, Mint and Turbo, designed to empower consumers, self-employed, and small businesses to improve their financial lives.
  • JMA Wireless is an innovator in mobile wireless connectivity solutions.
  • LightStep cuts through the scale and complexity of today’s software to help organizations stay in control of their systems. Its first product, LightStep [x]PM, provides an accurate, detailed snapshot of the entire software system at any point in time, enabling organizations to identify bottlenecks and resolve incidents rapidly.
  • MATRIX offers an open blockchain platform that supports smart contracts and machine learning services
  • Monostream AG was founded in 2007 as a dynamic software boutique developing user-friendly operations through scalable and flexible software architectures.
  • Ribbon Communications is a global technology company with more than two decades of leadership in real-time communications.
  • Rubicon Labs develops secure identity solutions for IoT devices.
  • ~sedna is redefining digital signage.
  • Serverless offers a toolkit for deploying and operating serverless architectures.
  • Shenzhen Rongxun Technology Co. Ltd. is committed to exporting credit system products with efficient, stable, cutting-edge IT technology services.
  • SiFive is a fabless semiconductor company building customized silicon based on the free and open RISC-V instruction set architecture.
  • SignalFX is an advanced cloud monitoring and alerting solution for modern enterprise infrastructures.
  • Smart Block Laboratory researches and creates solutions in today’s advanced IT.
  • SpinSys offers application development and migration of legacy applications to private or public clouds.
  • Spotify is a digital music service providing access to millions of songs.
  • SquareSpace is an all-in-one solution for anyone looking to create a beautiful website.
  • Trillium is an IoT cybersecurity venture focused on protecting mission critical automotive and IoT networks from malicious cyber attack including intrusive manipulation and passive monitoring or eavesdropping.
  • Twilio provides a cloud communications platform for building SMS, voice and messaging applications on an API built for global scale.
  • Versia Tecnologías Emergentes for Versia is a company dedicated to improving the business processes of its clients. Performs business consulting, technology and outsourcing projects.
  • Wanxiang Group is the largest auto parts manufacturer in China.
  • Xage Security is a blockchain-protected edge platform for IIoT, securing authentication and data exchange.
  • Xiilab Co., Ltd. provides software and services based on big data analysis technology.
  • YugaByte DB is an open source, transactional, high-performance database for planet-scale cloud applications. It enables enterprises to power their user-facing applications on public and private clouds with high resilience, low latency and multi-region scalability.

Associate members of The Linux Foundation include of government agencies and not-for-profit organizations that have demonstrated a commitment to building, sustaining and using open source technologies.

The following organizations are new Linux Foundation Associate members:

With the support of its members, The Linux Foundation hosts open source projects across technologies including networking, security, cloud, blockchain and more. This collaborative development model is helping technology advance at a rapid pace in a way that benefits individuals and organizations around the world.

About The Linux Foundation
The Linux Foundation is the organization of choice for the world’s top developers and companies to build ecosystems that accelerate open technology development and industry adoption. Together with the worldwide open source community, it is solving the hardest technology problems by creating the largest shared technology investment in history. Founded in 2000, The Linux Foundation today provides tools, training and events to scale any open source project, which together deliver an economic impact not achievable by any one company. More information can be found at www.linuxfoundation.org.

The Linux Foundation has registered trademarks and uses trademarks. For a list of trademarks of The Linux Foundation, please see our trademark usage page: https://www.linuxfoundation.org/trademark-usage. Linux is a registered trademark of Linus Torvalds.

Media Contact
Dan Brown
The Linux Foundation
PR@LinuxFoundation.org
415-420-7880

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SOURCE The Linux Foundation

MRP Sees Continued Innovation And Growth

PHILADELPHIA, March 29, 2018 /PRNewswire/ — Today, MRP, a global leader in predictive customer acquisition, released its winter business update, demonstrating continued success, ongoing product enhancements and marquee wins.

 (PRNewsfoto/MRP)

As global marketing and sales teams increasingly turn to customer engagement solutions fueled by artificial intelligence to drive revenue, MRP has continued to pioneer predictive customer acquisition, the nexus of account-based marketing, predictive intelligence and AI.

“In 2018, marketing and sales teams need to strengthen their tried-and-true methods with predictive analytics in order to convert active demand into engaged demand and into revenue,” said Kevin Cunningham, CEO of MRP. “With MRP’s continually advancing predictive software and managed services, we’re increasing response rates, pipeline, deal size and revenue for our clients.”

MRP’s recent business updates include:

Product Advancement

MRP will launch a new interface on MRP Prelytix designed to drive greater collaboration between sales and marketing. Another forthcoming Prelytix addition will allow MRP clients to leverage the power of Prelytix and AI to optimize the workflow of inside sales resources.

New Offices in Philadelphia and Belfast

To accommodate a growing team, MRP headquarters in Philadelphia will move to a new office space in the coming months. Customized for MRP, the office space will include views of the Philadelphia skyline from the penthouse on the 37th floor, a cafe for employees and a world-class training facility to support the company’s rapid expansion.

MRP’s EMEA headquarters in Belfast will also relocate to accommodate company growth. In May, MRP and parent company First Derivatives will move into the newly renovated Weaving Works building in downtown Belfast.

Customer Success News

MRP secured several new client partnerships over the last quarter, including a contract with one of the world’s leading providers of both hardware and software, with high global impact in online advertising technologies, search engine, cloud computing and more.

Strategic Hires

Last month, Mariam Safi joined MRP as marketing manager. Safi holds an MBA from George Washington University and brings experience in varied marketing roles to her position at MRP.

In the past six months, the company also added 60 net new employees across all departments to its offices around the world.

Events

MRP has several events scheduled in the coming months. Next month MRP will attend MarTech West as an exhibitor. The company will host a panel discussion on artificial intelligence with other Philadelphia-area business leaders as well as experts on AI from Philadelphia’s academic and start-up communities on May 2 as part of Philly Tech Week. MRP will also attend SiriusDecisions in May as both a sponsor and a speaker.

About MRP

MRP provides predictive customer acquisition software and services. For 15 years, clients have relied on MRP to help them achieve their revenue goals by combining cutting-edge predictive analytics with a full suite of account-based marketing services to acquire new customers, faster. MRP has 10 offices, 550 employees and covers over 100 countries around the globe.

MRP is a division of First Derivatives plc (FD). FD is quoted on the London Stock Exchange (AIM: FDP.L) and is a global supplier of software and consulting services.

Visit http://www.mrpfd.com/ for more information.

About FD

FD is a global technology provider with 20 years of experience working with some of the world’s largest finance, technology, retail, pharma, manufacturing and energy institutions. The Group’s Kx technology, incorporating the kdb+ time-series database, is a leader in high-performance, in-memory computing, streaming analytics and operational intelligence. Kx delivers the best possible performance and flexibility for high-volume, data-intensive analytics and applications across multiple industries. FD operates from 14 offices across Europe, North America and Asia Pacific, including its headquarters in Newry, and employs more than 2,000 people worldwide.

For further information, please visit www.firstderivatives.com and www.kx.com

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SOURCE MRP

RFPIO Adds Artificial Intelligence to Their RFP Software

BEAVERTON, Ore., March 29, 2018 /PRNewswire/ — RFPIO, a leading provider of cloud-based RFP (Request for Proposal) response software, announces their leadership in the use of AI (artificial intelligence) in their platform. The functionality helps users make data-driven decisions based on their previous usage.

RFPIO Logo

RFPIO is the first to use AI in RFP response software. Leveraging AI and machine learning gives clients a competitive advantage by improving accuracy, saving time and creating better responses to RFPs—to ultimately increase win rates.

An RFP is an organization’s opportunity to convey how it’s uniquely positioned to serve a prospect’s requirements. As products and services evolve, having access to the most recent information is critical.

“Our strategy is to make the RFP process more efficient by using machine learning, artificial intelligence and analytics,” said AJ Sunder, CIO for RFPIO. “Features like auto-suggestions and auto-response are part of this larger strategy.”

Machine learning provides insights based on historical data, which minimizes human intervention. This new feature in RFPIO enables users to train the software to offer suggestions on content categorization and potential collaborators.

“RFPIO’s new AI update is a testament to the level of innovation in their software. This feature has encouraged us to tag content more diligently because it ends up saving us even more time than we already were. It continues to make us more efficient and competitive,” said Anthony Rossi, Sales Operations Specialist at MasterControl.

“In our organization, we are able to track how much it costs us per hour to respond to an RFP,” Rossi said. “Since we started using RFPIO, we’ve been able to improve that cost so significantly that we estimate our return on investment is close to 2,000 percent.”

RFPIO is leveraging technology that people see in their inboxes or video-on-demand queues to provide a better experience for business professionals who respond to RFPs.

“The advances that AI brings are making a huge difference for organizations—providing a significant competitive advantage in optimizing the RFP process, and increasing efficiency and accuracy for our customers to realize better outcomes,” said Sunder.

About RFPIO: RFPIO’s RFP response automation software is trusted by global companies such as Adobe, QAD, LinkedIn and Siemens, to facilitate a more efficient RFP response process. For more information visit www.rfpio.com or follow @rfpioinc on Twitter.

 

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SOURCE RFPIO

Advantexe Launches New Artificial Intelligent (AI) Training Platform

CONSHOHOCKEN, Pa., March 29, 2018 /PRNewswire-PRWeb/ — Advantexe, a global leader in business simulation-centric talent development solutions, today announced the debut of a new artificial intelligence (AI) corporate training platform called SimBot™ to help build skills, drive application of newly learned concepts, and improve the effectiveness of learning.

Advantexe SimBots are interactive machine learning tools designed to simulate a two-way dialogue between a learner and an online AI bot. Learners receive a short description of a situation, and with a push of a button, quickly engage in a simulated conversation. During the course of the dialogue, the SimBot captures data and reviews patterns, which allows them to adjust and react to the learner, just as if they were having a real face-to-face discussion.

Each SimBot exercise typically runs about three minutes in length and is structured around a set of skills or competencies, such as resolving a price objection, providing feedback, or even positioning a value message. At the conclusion of each exercise, learners receive extensive feedback that identifies achievements or gaps for each competency. In addition, analytic data is captured in a manager administration site to provide managers with individual and cohort data for further coaching and areas for improvement.

“Artificial Intelligence (AI) is quickly proving its role as a game changing tool in many industries, including the talent development sector,” says Robert Brodo, Advantexe’s CEO. “We view AI tools as a natural extension to all of our business simulations and learning journeys. Our SimBot products and platform provides learners with an on-demand and real-time tool that allows them to further practice and hone in on skills in a risk-free, yet extremely realistic environment.”

Advantexe’s SimBots and AI platform are developed in partnership with Giant Otter. Giant Otter is a leading AI development company building a future where machines can participate in extended, coherent, context-rich conversations with people. Building on 8 years of AI research at MIT, as well as concepts refined developing award-winning AI in the video game industry, Giant Otter’s hybrid approach leverages human trainers, both to minimize deployment time, and to provide feedback enabling fluid transitions to automated interactions. The company is based in the Boston area and is supported by leading early stage investors, including the National Science Foundation.

Learn More
For more information on Advantexe’s artificial intelligence SimBot platform, or to set up an interview, please contact Jim.brodo@advantexe.com.

Media Contact:
Jim Brodo, CMO – Advantexe
Jim.brodo(at)advantexe(dot)com

About Advantexe

Advantexe Learning Solutions partners with clients around the world to build the business acumen, leadership and selling skills needed to execute their business strategies and achieve meaningful business results. Our comprehensive toolkit includes skills assessments, dynamic learning engagements powered by computer-based business simulations and reinforcement tools that encourage immediate skill application. These elements combine to produce a measurable and lasting impact on our clients’ businesses.

 

SOURCE Advantexe Learning Solutions

TCS Recognized as a Leader and Star Performer in Mortgage BPO Services by Everest Group

NEW YORK and MUMBAI, India, March 29, 2018 /PRNewswire/ — Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a leading global IT services, consulting and business solutions organization, has been recognized as a Leader in the Mortgage BPO Services for the second time in succession and emerged as a Star Performer in Everest Group’s Mortgage BPO – Service Provider Landscape with PEAK Matrix™ Assessment 20171.

Tata Consultancy Services.(PRNewsFoto/Tata Consultancy Services) (PRNewsfoto/Tata Consultancy Services)

“The mortgage lending business is embracing digital and cognitive technologies to redefine their business models to positively impact customer experience, lender’s market share and the bottom line,” said K Krithivasan, President and Global Head, Banking and Financial Services, TCS. “This recognition is a testament to our deep expertise in the mortgage domain and our differentiated offerings that leverage the power of digital technologies to transform operations.”

As a leader in the Banking and Financial Services vertical, TCS works with leading mortgage lenders across the world, helping them digitally transform their businesses to cope with the increased regulatory compliance burden and rising competition from non-banking lenders. TCS has invested in creating multiple digital solutions, powered by the TCS Mortgage platform, in areas such as digital originations, digital underwriting, digital servicing, and digital quality control to address the needs of the new age lending ecosystem.

TCS is also expanding its portfolio of digital offerings incorporating advanced analytics and machine learning to deliver better lead conversions, superior customer insights and predictive default management. Digital solutions using blockchain technology help lenders in the quicker transfer of mortgage service rights, and artificial intelligence to provide robo-advisory services to borrowers by analyzing all their needs algorithmically, with minimal or no human intervention.

“The demand and adoption of digital technologies, such as automation and Artificial Intelligence, in the mortgage industry has fueled the growth of P2P lenders and FinTechs. In response, banks and lenders are shifting their focus to deliver a superior customer experience rather than fixating on cost savings alone. This has led service providers to follow suit,” stated Manu Aggarwal, Practice Director, Everest Group. “TCS is one of the leading players in the market – it has augmented its rich domain expertise with investments in digital technologies, in turn helping clients compete in the era of changing market demand and intensifying competition.”

“Our rich domain experience, end to end transformation approach, innovative delivery models, and strong transformation levers grounded in analytics, business process management and cognitive automation, result in superior business outcomes, making us the preferred transformational partner for mortgage lenders looking to succeed in a Business 4.0 world,” Krithivasan added.

About Tata Consultancy Services Ltd. (TCS)

Tata Consultancy Services is an IT services, consulting and business solutions provider that has been partnering with the world’s largest businesses in their transformation journeys for the last fifty years. TCS offers a consulting-led, cognitive powered, integrated portfolio of business, technology and engineering services and solutions. This is delivered through its unique, location-independent agile delivery model, a benchmark of excellence in software development.

A part of the Tata group, India’s largest multinational business group, TCS has over 390,000 of the world’s best-trained consultants in 46 countries. The company generated consolidated revenues of US $17.6 billion for the year ended March 31, 2017 and is listed on the BSE (formerly Bombay Stock Exchange) and the NSE (National Stock Exchange) in India. TCS’ proactive stance on climate change and award winning work with communities across the world have earned it a place in leading sustainability indices such as the Dow Jones Sustainability Index (DJSI), MSCI Global Sustainability Index and the FTSE4Good Emerging Index. For more information, visit us at www.tcs.com.

To stay up-to-date on TCS news in North America, follow @TCS_NA. For TCS global news, follow @TCS_News.

1 Mortgage BPO – Service Provider Landscape with Services PEAK Matrix™ Assessment 2017, Banking and Financial Services (BFS) – Business Process Outsourcing (BPO) Market Report – December 2017.

 

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SOURCE Tata Consultancy Services

Report: Cryptocurrency Mining Runs Rampant in Higher Education

SAN JOSE, Calif., March 29, 2018 /PRNewswire/ — Vectra, the leader in automating the hunt for in-progress cyberattacks, today announced that the higher education sector exhibited a startling increase in potentially damaging cryptocurrency mining behaviors as part of the company’s key findings in the new 2018 RSA Conference Edition of its Attacker Behavior Industry Report.

Attacker Behavior Industry Report

The report reveals cyberattack detections and trends from a sample of 246 opt-in enterprise customers using the Vectra Cognito platform, across 14 different industries. From August 2017 through January 2018, Cognito monitored traffic and collected metadata from more than 4.5 million devices and workloads from customer cloud, data center and enterprise environments. By analyzing this metadata, the Vectra Cognito platform detected hidden attacker behaviors and identified business risks that enabled its customers to avoid catastrophic data breaches.

As sophisticated cyberattackers automate and increase the efficiencies of their own technology, there is an urgent need to augment information security with AI-based detection and response tools to stop threats faster. The Vectra Attacker Behavior Industry Report takes a multidisciplinary approach that spans all strategic phases of the attack lifecycle, presenting data by specific industries that highlight relevant differences between them.

Key findings from the report include:

  • Cryptocurrency mining is a mounting problem: Considered opportunistic, mining surged with the rising price of cryptocurrencies like Bitcoin, Monero and Ethereum. Of all the cryptocurrency mining detections, 60 percent occurred in higher education, followed by entertainment and leisure (6 percent), financial services (3 percent), technology (3 percent), and healthcare (2 percent). Cryptocurrency mining involves converting electricity to monetary value through computational resources. Free electrical power and internet access for students might account for the spike in higher education.
  • The highest volume of attacker behaviors per industry were in higher education (3,715 detections per 10,000 devices) followed by engineering (2,918 detections per 10,000 devices). This is primarily due to command-and-control (C&C) activity in higher education and internal reconnaissance activity in engineering.
  • C&C activity in higher education, with 2,205 detections per 10,000 devices, is four-times above the industry average of 460 detections per 10,000 devices. These early threat indicators usually precede other stages of an attack and are often associated with opportunistic botnet behaviors in higher education.
  • Government and technology sectors have the lowest detection rates, with 496 and 349 detections per 10,000 devices, respectively. This could indicate the presence of stronger policies, mature response capabilities and better control of the attack surface.
  • When normalizing detections per 10,000 devices compared to the previous year, there is a sharp increase across every industry – C&C (37 percent), internal reconnaissance (31 percent), lateral movement (24 percent), and a nominal increase in data exfiltration detections (6 percent).

“Security operations and analytics platform architecture (SOAPA) is helping to accelerate technology innovation, ease integration and enhance the value of existing security technologies,” said Jon Oltsik, senior principal analyst, Enterprise Strategy Group. “According to recent ESG research, 12 percent of enterprise organizations have already deployed Artificial Intelligence (AI)-based security analytics extensively, and 27 percent have deployed AI-based security analytics on a limited basis. This latest report from Vectra provides important visibility into attacker behaviors within organizations, that have bypassed perimeter security controls and observations of attack progression after an initial compromise.”

The Cognito platform automates the hunt for hidden cyberthreats by continuously analyzing network traffic logs and cloud events to detect attacker behaviors inside the network. In addition to automatically correlating detected threats with host devices that are under attack, Cognito provides unique context about what attackers are doing and prioritizes threats that pose the highest risk. Using AI, Cognito combines data science, machine learning and behavioral analytics to reveal attacker behaviors without signatures or reputation lists.

“Combining security analytics with human understanding gives us compelling new insights into attacker behaviors on a global scale across cloud, data center and enterprise environments,” said Chris Morales, head of security analytics at Vectra. “Ultimately, this insight enables Vectra customers to make better-informed decisions that strengthen security posture and reduce business risk.”

The data in this report is based on anonymized metadata from Vectra customers who have opted to share detection metrics. The Cognito platform identifies behaviors that indicate in-progress attacks by directly monitoring all traffic and relevant logs, including traffic to and from the internet, internal traffic between network devices, and virtualized workloads in private data centers and public clouds. This analysis provides important visibility into advanced phases of attacks.

The 2018 RSA Conference Edition of the Attacker Behavior Industry Report is available for download at https://info.vectra.ai/2018-abir. For more information about Vectra and Cognito, visit vectra.ai.

About Vectra
Vectra® is transforming cybersecurity with AI. Its Cognito platform automates cyberattack detection and response from data center and cloud workloads to user and IoT devices. Cognito correlates threats, prioritizes hosts based on risk and provides rich context to empower response with existing security systems, reducing security operations workload by 32X. Vectra was named a “Visionary” by Gartner in the 2018 Magic Quadrant for Intrusion Detection and Prevention Systems and the “Most Innovative Emerging Company” in the Dark Reading Best of Black Hat Awards. InformationWeek also named Vectra one of the Top 125 companies to watch in 2016. Vectra has been issued five U.S. patents with 14 additional patents pending for cybersecurity applications of machine learning and artificial intelligence. Vectra is headquartered in San Jose, Calif. and has European regional headquarters in Zurich. For more information, visit vectra.ai.

Media Contact:
John Kreuzer
Lumina Communications for Vectra
vectra@luminapr.com  
(408) 896-3307

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SOURCE Vectra