Philips spotlights intelligent, interoperable solutions to drive patient outcomes, clinical excellence and operational efficiency at HIMSS 2018

AMSTERDAM, March 1, 2018 /PRNewswire/ — Featuring new and enhanced intelligent connected health solutions at the 2018 HIMSS Conference & Exhibition (HIMSS18)Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, will showcase a broad range of population health management, clinical informatics, cloud-based technology and advanced monitoring analytics solutions to help enhance decision support, improve clinical performance, and drive operational efficiency.

Philips IntelliSpace Console

The amount and quality of data available to support clinical decisions is exploding, but data is trapped in silos throughout the hospital enterprise. With health care costs escalating and reimbursements declining, hospital IT leaders are further challenged with ongoing consolidation that creates fragmented IT systems.  EHR (electronic health record) implementation and interoperability challenges require seamless cross-system data sharing and collaboration to support clinicians and improve clinical workflow.

Philips has enhanced its deep healthcare informatics portfolio with its most recent acquisition of Forcare, a leader in open-standards-based interoperability software solutions, providing seamless and secure data integration across multiple hospital systems and care settings.  Combined with Philips IntelliSpace Enterprise Edition – a full suite of interoperable healthcare informatics applications and services for hospitals and integrated health networks – Philips is helping to meet the evolving challenges of budget constraints and the management, interoperability, security and value maximization of health data and IT platforms.

At the same time, as care moves from the hospital to lower cost settings, including the home, a proactive approach to acute care and precisions diagnostics is needed to help improve health and reduce costs for entire patient populations. With the acquisition of VitalHealth, a leading provider of cloud-based population health management solutions for the delivery of personalized care outside the hospital, Philips has expanded its Population Health Management portfolio with advanced capabilities to manage chronic disease care pathways across multiple settings and disciplines, while actively tracking patient-reported outcomes.

“Philips’ deep expertise in healthcare information technology, including AI, combined with insights gained from our strong customer relationships, uniquely positions us to unlock the collective intelligence and insights across departments within the hospital to deliver the right information at the right time to clinicians,” said Carla Kriwet, CEO, Connected Care and Health Informatics, Philips. “At the core of our HIMSS presence this year is our adaptive intelligence approach and open architecture technologies to help improve interoperability and to enable superior data-driven clinical decisions, improve staff and equipment productivity and drive better patient outcomes and engagement.”

Philips showcases commitment to deliver the goal of more seamless care
Philips will introduce and spotlight integrated technologies empowering data-driven clinical decisions to deliver value-based care in hospital and ambulatory settings. Intelligent technologies help improve interoperability to optimize care pathways, workflows and asset management across key areas including:

  • Population Health and Virtual Care Solutions:
    • An expanded suite of population health management and patient engagement offerings feature VitalHealth and Wellcentive, Philips’ comprehensive cloud-based informatics platform, which manages 2.5 Billion patient data points per month across 50 states nationwide, driving $700 million in value-based reimbursements in 2017.
    • Philips telehealth and eICU programs enable significant cost savings, to help improve patient outcomes with lower mortality rates and shorter lengths of stay, to improve accessibility of healthcare and caregiver satisfaction.
    • Remote patient management in the home includes Philips’ latest medication adherence solution, demonstrating a 53 percent reduction in ED visits [1].
    • CareSage predictive analytics help identify emerging risk patients to provide early intervention to reduce costs and improve outcomes.
    • Sleep and Respiratory Care data from therapy devices can be converted into actionable insights on demand via Philips Care Orchestrator software platform, enabling remote patient management to help avoid unnecessary costly home visits.
  • Acute Care, Early Detection and Intervention:
    • Philips IntelliVue Guardian with Early Warning Scoring is shown to reduce respiratory and cardiac arrests by more than 50 percent on general care floors for some customers [2].
    • IntelliSpace Console joins Philips’ portfolio of solutions to help reduce clinical cognitive overload and medical errors.
  • Clinical Informatics:
    • Philips IntelliSpace Enterprise Edition (ISEE) is a full suite of interoperable healthcare applications and services for hospital-wide healthcare informatics to help drive cost savings, improved workflows and enhanced patient care.
    • Focused offerings for radiology and cardiology informatics within ISEE now include the latest iteration of the IntelliSpace Cardiovascular platform, and full integration with IntelliSpace Portal, the 2018 KLAS Category Leader in Advanced Visualization.
    • Driving forward precision medicine and the management of IT systems, Philips’ IntelliSpace Genomics, IntelliSpace Oncology [3], IntelliSite Pathology and ISEE are all designed to streamline seamless data integration to provide actionable insights.

Integration, interoperability, IoT and AI – both in the cloud and on-premise – help optimize care pathways, workflows and system utilization, which are critical to operational, clinical and financial efficiency. Philips solutions across key areas include:

  • Data Integration and Artificial Intelligence (AI):
    • Built on Philips HealthSuite, Philips will introduce HealthSuite Insights, a new data science platform to address the advancing adoption of analytics and artificial intelligence in healthcare, with integrated Blockchain security services.
    • Also new is Philips Insights Marketplace, an ecosystem of curated, readily available AI assets for license, giving healthcare organizations and technology vendors the ability to share and commercialize valuable AI assets within the healthcare community.
  • Intelligent Workflow and Interoperability:
    • With the recent acquisition of Forcare, Philips has expanded its suite of intelligent solutions designed to enhance interoperability and data sharing.
    • Philips PerformanceBridge optimizes operational departmental performance, bringing together data, people and services to bridge the gap between data and decision making.
  • Internet of Things
    • Philips HealthSuite Cloud brings IoT to healthcare, seamlessly managing and connecting 11 million Philips and third-party devices in a secure, cloud-based platform.
    • FocusPoint, a new intuitive web-based management system offers enhanced visibility into equipment health, troubleshooting capabilities, and performance of patient monitoring solutions to improve biomedical and IT department productivity.

Executives Discuss Key Themes Facing Industry
Philips customers, executives and industry thought leaders will lead conversations on the latest health IT solutions throughout the event in the Philips Booth. Participants, including Nicholas Thompson, editor in chief of WIRED, will discuss topics ranging from the digital disruption in consumer healthcare, to the smart hospital of the future, to AI and machine learning. Details of speakers and session topics can be found at: www.philips.com/himss.

Philips will have a significant presence in key areas at HIMSS including the Industry Solutions Showcase, where Philips Wellcentive and MGM Resorts International will discuss the topic of “Managing Your Entire Population to Avoid Value-Based Failure.” Philips will also present in the AI & Machine Learning Showcase, featuring Roy Smythe, Chief Medical Officer, Strategy & Partnerships at Philips who will discuss the “Perpetual Global Clinical Trial.” The full schedule is available at: www.philips.com/himss.

Beyond the show floor, Philips executives will participate in the HX360™ forum co-located at HIMSS18, featuring:

  • Views from the Top: Jan Kimpen, Chief Medical Officer for Philips, will be joined by David Higginson, CIO of Phoenix Children’s Hospital, in a discussion on the changing role and priorities of the CIO, Tuesday, March 6 at 2:30 – 3:30 p.m. PT.
  • Fireside Chat: Global view of healthcare, featuring Frans van Houten, CEO, Royal Philips, Wednesday, March 7 at 12:52 – 1:12 p.m. PT.

For more information on Philips’ full suite of intelligent and integrated solutions in health IT management, visit booth #3812 at the 2018 Annual HIMSS Conference & Exhibition taking place March 5-9 at the Sands Expo in Las Vegas, NV. For updates on Philips’ presence at HIMSS, follow @PhilipsLiveFrom and visit www.philips.com/himss.

[1]   Muir D. Medication dispensing system: emergency room & acute hospital admissions. Fraser Health; 2013.
[2]   Results from case studies are not predictive of results in other cases. Results in other cases may vary.
[3]   Not available in all markets. Not for Sale in the US.

For further information, please contact:
Kathy O’Reilly
Philips Group Press Office
Tel: +1-978-659-2638
E-mail: kathy.oreilly@philips.com

About Royal Philips
Royal Philips (NYSE: PHG, AEX: PHIA) is a leading health technology company focused on improving people’s health and enabling better outcomes across the health continuum from healthy living and prevention, to diagnosis, treatment and home care. Philips leverages advanced technology and deep clinical and consumer insights to deliver integrated solutions. Headquartered in the Netherlands, the company is a leader in diagnostic imaging, image-guided therapy, patient monitoring and health informatics, as well as in consumer health and home care. Philips’ health technology portfolio generated 2017 sales of EUR 17.8 billion and employs approximately 74,000 employees with sales and services in more than 100 countries. News about Philips can be found at www.philips.com/newscenter.

Royal Philips. (PRNewsFoto/Royal Philips)

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SOURCE Royal Philips

Vexata Accelerates Global Expansion Plans, Hires Charlie Leeming as Chief Sales Officer

SAN JOSE, Calif., March 1, 2018 /PRNewswire/ — Vexata announced today that it is accelerating its global market expansion plans and has appointed Charlie Leeming as chief sales officer. Leeming brings key leadership experience to Vexata, built upon a successful background at startups and industry leaders, including 16 years at Brocade, where he was responsible for growing its core business to over $2 billion annually. At Vexata, Leeming is building a world-class enterprise sales organization, as well as forging strong reseller partnerships and strategic alliances to accelerate adoption of the company’s products and solutions.

Vexata Logo (PRNewsfoto/Vexata)

“Vexata has developed a system that completely disrupts the economics of deploying scalable infrastructure. To maximize Vexata’s far-reaching potential, one must have a deep understanding of storage, databases, networking and data processing,” said CEO Zahid Hussain. “There is no better C-level sales executive than Charlie to lead our sales organization, given his proven background in selling complex data center solutions and his ability to create a robust ecosystem of go-to-market partners and suppliers that are necessary in helping our customers solve their biggest data center problems.”

Vexata launched in September 2017, after almost four years in stealth mode. It introduced the world’s fastest all-flash storage system (see ESG Labs review) powered by the Active Data Architecture — a revolutionary software layer for managing active data in modern workloads including AI, transactional databases, machine learning and real-time analytics.  By removing the I/O bottlenecks between storage, servers, processors, databases and network switches, Vexata enables companies to expand their business-critical data infrastructure at a cost/performance ratio that was once thought impossible.

By the end of 2017, Vexata had completed dozens of proof-of-concept tests and signed customers including Oath, Tata Consultancy, Pacific Data Center and Sanmina — all of which are facing next-generation data management problems. With Vexata, these enterprise customers are able to dramatically reduce storage latency, and consequently are achieving tenfold or greater performance than the leading flash solutions in the market at a fraction of the cost.  Below are a few examples:

  • Vexata VX-100 was chosen by a Fortune 1000 company to replace an entrenched leading storage competitor for its top performance tier when the storage architect found that the performance was far superior. The company was able to consolidate the infrastructure into a third of the physical space while increasing performance by tenfold – all without needing to replace the existing switches and servers.
  • Vexata was selected by a major national bank card processing center to power the transactional system behind its entire ATM network throughout the country.
  • Another company deployed Vexata to consolidate an Oracle database footprint from 16 instances to two, and also mitigated data center sprawl. The company is now able to obtain  similar performance metrics running on virtual machines as is typically seen only on bare metal servers.

“After learning many first-hand experiences about how Vexata accelerates modern data center workloads, the decision to join the company became very easy,” said Leeming. “The depth of the company’s intellectual property portfolio is so differentiated that our customers utilize the technology to create a competitive advantage. Simply put, Vexata technology lights up SSD media, accelerating compute, analytics and database infrastructure for faster, more accurate outcomes, all while dramatically lowering risk and TCO. Not only do customers gain performance headroom on their current workloads, but they see Vexata as a foundation for their strategic growth initiatives including IoT, machine learning and AI.”

Leeming brings more than 25 years of experience as an industry leader in storage, real-time analytics, artificial intelligence and machine learning; and has introduced innovative data-centric cloud and enterprise technologies to the global market. His strategies have helped corporations like Brocade Communications, Toshiba and IBM define market segments and enable their sales organizations to deliver complete solutions while maximizing profitable revenue growth. During his tenure, he also established new market segments for data-center technology including in IP storage networking,  converged systems and embedded switching.

About Vexata
Vexata’s Active Data Infrastructure solutions enable transformative performance at scale for the I/O intensive applications driving digital business. Based on its groundbreaking VX-OS software, Vexata solid state storage systems deploy simply and seamlessly into enterprise and cloud data center environments. For more information visit vexata.com or follow us @VexataCorp.

Contact
Kylie Brusch 
vexata@methodcommunications.com 
415.849.2983

 

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Former PIMCO CEO Doug Hodge Joins Sway Ventures

SAN FRANCISCO, March 1, 2018 /PRNewswire/ — Sway Ventures has added former PIMCO CEO Doug Hodge to help grow its early-stage portfolio companies focusing on new technologies for financial services and enterprises.

Sway Ventures adds Doug Hodge, Former CEO of PIMCO, as Venture Partner

“We are witnessing a major shift in the financial space as digital technology, leveraging advances in artificial intelligence, is impacting the nearly $15 Trillion financial services industry,” said Doug Hodge. “Digital technology is fundamentally transforming the financial services industry. It is redefining the client experience, transforming how the financial markets work, and changing how leading financial institutions manage risk,” reiterated Hodge. “Artificial intelligence and other leading technologies will only increase the pace of change that is already underway in financial services. I joined Sway Ventures because they sit at the forefront of this movement, deploying capital into FinTech companies that are shaping and redefining the category.”

Hodge spent 28 years at PIMCO, one of the world’s largest active fixed-income managers, with $1.75 trillion in assets under management. He served as COO from 2009 to 2014 and as CEO from 2014 to 2016, when he oversaw all client relationship management, product development, and the firm’s 13 global offices in the U.S., Europe, Asia, South America, and Australia. Prior to being appointed COO, he founded PIMCO’s international business.

“Large organizations are increasingly adopting new digital technologies to accelerate growth, boost performance, and enhance the customer experience. At Sway Ventures, one of our top priorities is finding and supporting teams building the next enterprise and consumer categories,” said Bill Malloy, founding general partner at Sway Ventures. “Doug will be a critical player at Sway Ventures, leveraging his vast expertise as the former head of one of the largest asset managers in the world to position our portfolio companies for long-term growth and success, not to mention he can open a lot of doors for our young founders.”

Hodge will help existing portfolio teams in three ways: finding strategic capital, scaling their revenue and go to market efforts, and hiring and retaining talent. In addition, his role covers working with Sway Ventures’ limited partners as well as evaluating potential deals.

Sway Ventures was an early investor in a number of pioneering FinTech companies, including Addepar, a cloud-based platform which has transformed the operating system for the financial world, Zanbato, a marketplace for private placement opportunities, and Tally, an app that helps customers manage their credit cards.

About Sway Ventures

Sway Ventures is a San Francisco-based venture capital firm investing in early- to mid-stage technology companies. The firm invests in high-performing teams, building revolutionary technology, creating the next enterprise or consumer category. With a focus on strategic capitalization, business development support, and engineered exits, Sway Ventures provides great teams with the support they need to change the future. For more information on Sway Ventures and its portfolio companies, please visit, https://swayvc.com/portfolio/.

CONTACT: Patrick ONeill, 415-917-0896, patrick@swayvc.com

 

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McGraw-Hill Education Explores the Future of Education at SXSW EDU in 2018

AUSTIN, Texas, March 1, 2018 /PRNewswire/ –Learning science company McGraw-Hill Education today announced its full schedule of programming for next week’s SXSW EDU conference, joining thousands of educators, students and innovators once again to explore what’s next in education. From March 5-8, McGraw-Hill Education will engage in panel sessions, host guest speakers in its McGraw-Hill Learning Lab and join Austin Community College for a special reception and tour of the college’s innovative ACCelerator digital learning space. Additionally, SXSW EDU attendees will be able to stop by its onsite lounge to help the company give back to school projects through DonorsChoose.org.

McGraw-Hill Education will be participating in six panel sessions, three of which will be hosted within the McGraw-Hill Learning Lab (Hilton Austin, Room 406).

  • Learning Science in the Wild: Learning scientists will share insights from recent research projects and make suggestions on how educators and administrators can apply what they’ve learned in schools and colleges. [2 p.m. -3 p.m., Monday, March 5, Hilton Austin, Room 406]
  • Three Ways Education Leaders are Thinking About Equity: The session will focus on how education leaders from K-12 and higher education can help address equity in education and create the right conditions for equitable learning outcomes. [2 p.m. -3 p.m., Tuesday, March 6, Hilton Austin, Room 406]
  • Closing the Digital Gap in Urban Districts: This panel will focus on the ongoing digital divide, particularly across urban school districts, which are still struggling with unequal internet and device access and issues with technology infrastructure. [5 p.m.- 6 p.m., Tuesday, March 6, Hilton Austin Downtown Salon C]
  • AI: Learning Game-Changer or Something to Fear?: This panel will examine the issues colleges and others in higher education must consider as artificial intelligence matures. [11 a.m. – 11:30 a.m., Wednesday, March 7, Hilton Austin Downtown Salon G]
  • Teaching the New Majority-Minority Generation: This panel will discuss questions and solutions to support students and educators as classrooms shift to new majority-minority settings. [11 a.m. – 12 p.m., Wednesday, March 7, Hilton Austin Downtown Room 400 – 402]
  • Learning Science: Becoming a Better Learner: The session will focus on how we can all learn more effectively and efficiently, from practicing better to how learners can get grittier. [2 p.m. – 3 p.m., Wednesday, March 7, Hilton Austin, Room 406]

In addition to the panel sessions, McGraw-Hill Education has several other activities at SXSW EDU:

  • Guided Tour of the ACCelerator, an Innovative Digital Learning Space: McGraw-Hill Education is joining Austin Community College for a reception and guided tour of the college’s unique ACCelerator lab, a state-of the-art facility created out of an abandoned mall, which now provides over 600 individual workstations for personalized learning. [6 p.m. – 8 p.m., Wednesday, March 7]
  • McGraw-Hill Learning Lab: McGraw-Hill Education’s Learning Lab will be open during conference hours (Monday-Wednesday 9:30 a.m.-6:00 p.m. and Thursday 9:30 a.m. – Noon) for attendees to visit in-between sessions to recharge, grab some coffee and help McGraw-Hill Education give back to local school projects through DonorsChoose.org.

For more information on McGraw-Hill Education’s participation in SXSW EDU 2018, download the official SXSW EDU mobile app, and check out our website. McGraw-Hill Education will also be posting live tweets from SXSW EDU through its Twitter feeds: @MHEducation, @mhhighered and @McGrawHillK12.

About McGraw-Hill Education
McGraw-Hill Education is a learning science company that delivers personalized learning experiences that help students, parents, educators and professionals drive results. McGraw-Hill Education has offices across North America, India, China, Europe, the Middle East and South America, and makes its learning solutions available in more than 60 languages. Visit us at mheducation.com or find us on Facebook or Twitter.

About SXSW EDU
The SXSW EDU® Conference & Festival cultivates and empowers a community of engaged stakeholders to advance teaching and learning. The annual four-day event affords registrants open access to engaging sessions, immersive workshops, interactive learning experiences, film screenings, early-stage startups, business opportunities and networking. SXSW EDU is a component of the South by Southwest® family of conferences and festivals. Join the passionate and innovative community at SXSW EDU, March 5-8, 2018 in Austin, Texas. For more information, please visit http://www.sxswedu.com.

CONTACT:

Tyler Reed
McGraw-Hill Education
Tyler.Reed@mheducation.com
(646) 766-2951

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SOURCE McGraw-Hill Education

Industry-First Fixed Price Offer Empowers Companies to Deploy an Enterprise-Ready AI Virtual Agent in Just 60 Days

SAN JOSE, Calif., March 1, 2018 /PRNewswire/ — [24]7.ai, a global leader in intent-driven customer experience solutions, announced the industry’s first ever fixed price offer that empowers large companies to deploy enterprise-ready chatbots in just 60 days. Now, large companies in any industry can provide better customer service while saving money, whether their customers engage with them via voice or digital channels. The offer eliminates barriers to AI and enterprise chatbot adoption by providing a clear-cut, low-risk way to get started. The offer includes an intelligent, enterprise-class chatbot that supports frequently asked questions, and two conversational customer journeys that can be deployed in a company’s own digital channels and integrated with its enterprise systems.

[24]7.ai, a global leader in intent-driven customer experience solutions

[24]7.ai leads the industry with more than 150 patents and patent applications, and more than 200 million virtual agent inquiries annually. The company’s flagship product, [24]7 AIVA is a virtual agent (chatbot) that thinks, talks and acts like a company’s best human agent. As a conversational virtual agent, [24]7 AIVA leverages AI and integration into a company’s enterprise systems to interpret vague wording and multi-part questions.  AIVA knows how to respond to a sudden change of topic and can ask clarifying questions to determine intent.  If needed, the virtual agent smoothly transfers to an already informed human agent, so customers never have to repeat the same information.  The result is cost savings, faster resolutions, completed transactions and happier customers. 

The ground-breaking offer includes a blend of both virtual agents (chatbots) and digital chat agents, which are human agents specially trained to optimize chats and supervise the chatbots. Companies can choose from two low-cost options:

  • $400,000 includes 30 digital chat agents for 60 days
  • $250,000 includes 15 digital chat agents for 60 days

Each option includes a workshop with the client that focuses on analyzing data from at least 50,000 chats processed during the 60-day period. At the end of that time, [24]7.ai will provide recommendations for further customer journey automation.

“With this offer, companies don’t need to waste time doing an RFP,” said Scott Horn, chief marketing officer of [24]7.ai. “Instead, they can learn by doing in an all-in-one package that sets them up for success. We are offering cutting-edge conversational AI technology, backed by 18 years of expertise working with the top airlines, banks, healthcare providers, hotels, retailers and companies in virtually every industry.”

For more information on the [24]7.ai fixed price chatbot offer visit https://info.247.ai/CEC-WS-Deploy-Enterprise-Ready-Chatbots-in-60-Days.html

About [24]7.ai
[24]7.ai is redefining the way companies interact with consumers. Using artificial intelligence and machine learning to understand consumer intent, the company’s technology helps companies create a personalized, predictive and effortless customer experience across all channels. The world’s largest and most recognizable brands are using intent-driven engagement from [24]7.ai to assist several hundred million visitors annually, through more than 1.5 billion conversations, most of which are automated. The result is an order of magnitude improvement in digital adoption, customer satisfaction, and revenue growth. For more information, visit: http://www.247.ai.
[24]7 and [24]7.ai are trademarks of [24]7.ai, Inc. All other brands, products or service names are or may be trademarks or service marks of their respective owners.

Contact

Oindrila Hazra
Manager, PR and Analyst Relations
oindrila.hazra@247.ai

 

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SOURCE [24]7.ai

Philips launches AI platform for healthcare

AMSTERDAM, March 1, 2018 /PRNewswire/ — Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced the launch of HealthSuite Insights, including the Insights Marketplace, to support the advancing adoption of analytics and artificial intelligence (AI) in key healthcare domains. Making their debut at the 2018 HIMSS Conference & Exhibition (HIMSS18), HealthSuite Insights gives data scientists, software developers, clinicians and healthcare providers access to advanced analytic capabilities to curate and analyze healthcare data and offers them tools and technologies to build, maintain, deploy and scale AI-based solutions. Insights Marketplace will provide the healthcare industry’s first ecosystem where curated Artificial Intelligence assets from Philips and others are readily available for license.

Royal Philips. (PRNewsFoto/Royal Philips)

AI-based solutions have great potential to improve patient outcomes and care efficiency. However, developing and deploying AI solutions for healthcare use cases can be time consuming, resource intensive and expensive. HealthSuite Insights eases the logistical challenges of deploying AI solutions in research and clinical environments. It accelerates the development of analytics solutions, and reduces development and total cost of AI solutions.

“The quality of your AI is only as good as the quality of the data you feed into it,” said Jeroen Tas, Chief Innovation & Strategy Officer Philips. “We have designed HealthSuite Insights to be used by the people who work with patient data on a daily basis and have the contextual understanding; including doctors, clinicians and hospital managers. With the HealthSuite Insights platform, we give them the ability to bring all the relevant patient information together, curate the data and use the power of AI to support precision diagnosis, personalized therapy, early intervention and greater hospital efficiency.”

Proven tools and technologies
The tools and technologies available through HealthSuite Insights already enable the machine learning and deep learning applications in Philips’ diagnostic imaging solutions, patient monitoring solutions, and oncology and genomics offerings. Enabled by the platform, Philips leverages AI across these innovations, by combining it with other technologies and a deep understanding of the clinical, operational and personal context to augment care professionals and patients/consumers.

Insights Marketplace for reusable AI assets
Philips’ Insights Marketplace initially offers assets supplied by Philips – including assets developed by leading scientists at Philips Research. Medically validated Philips assets will be added later this year. In late 2018, the Insights Marketplace will be further expanded to include assets submitted by third parties.

AI assets built using the Insights Platform are designed to be secure regardless of the execution environment, with sophisticated Identity and Access Management, integrated Blockchain services, and data collection and management services built in.  The Insights platform can be deployed on a healthcare cloud infrastructure such as the Philips HealthSuite Digital Platform, or on premise at a provider site.

For more information on HealthSuite Insights and Philips’ full suite of integrated solutions for driving operational efficiency and improving clinical excellence, visit booth #3812 at the 2018 Annual HIMSS Conference & Exhibition taking place March 5 – 9 at the Sands Expo in Las Vegas, NV. For updates on Philips’ presence at HIMSS, follow @PhilipsLiveFrom and visit www.philips.com/himss.

For further information, please contact:

Joost Maltha
Philips Group Press Office
Tel: +31 6 10 55 8116
E-mail: joost.maltha@philips.com

About Royal Philips
Royal Philips (NYSE: PHG, AEX: PHIA) is a leading health technology company focused on improving people’s health and enabling better outcomes across the health continuum from healthy living and prevention, to diagnosis, treatment and home care. Philips leverages advanced technology and deep clinical and consumer insights to deliver integrated solutions. Headquartered in the Netherlands, the company is a leader in diagnostic imaging, image-guided therapy, patient monitoring and health informatics, as well as in consumer health and home care. Philips’ health technology portfolio generated 2017 sales of EUR 17.8 billion and employs approximately 74,000 employees with sales and services in more than 100 countries. News about Philips can be found at www.philips.com/newscenter.

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Global Mixed Reality Learning Market Surges to $9.9 Billion by 2023

SEATTLE, March 1, 2018 /PRNewswire-iReach/ — Revenues for Mixed Reality Learning products and services will more than double to $9.9 billion by 2023, according to a new market report by Metaari called “The 2018-2023 Worldwide Mixed Reality Learning Market”. This is the most comprehensive analysis of the thriving global market ever published. The current Mixed Reality Learning market is a lucrative value chain and the revenue opportunities are abundant in every region of the planet.

“Mixed Reality (MR) is defined in the report as the experience of simulation, augmented reality (AR), virtual reality (VR), and the biophysical environment along an immersion spectrum,” comments Sam S. Adkins, Metaari’s Chief Researcher and author of the report. “This immersion spectrum is described in the Mixed Reality Immersion Spectrum section in the Executive Overview.”

The major global catalysts include: native support in operating systems and on devices, a surge in private investments flowing to startups, the growing number of inexpensive authoring  tools coming on the market, the extraordinary advances in VR-based Mixed Reality Learning products in the healthcare sector, the high demand for a new type of augmented performance improvement product in the industrial verticals, and the exponential innovation in Location-based Learning (LBL) and augmented Location Intelligence.

The report has 182 pages, 30 forecast tables, and eight figures. The report’s organizational license is available for sale at $3,150.00 USD.

To obtain a free Executive Overview of this report and to get ordering information, email: research@metaari.com

There are three sections in this report: a deep-dive analysis of the major catalysts driving the market, a demand side-analysis, and a supply-side analysis. The analysis of the catalysts provides a detailed discussion of the six major catalysts driving the global Mixed Reality Learning market.

The demand-side analysis breaks out five-year revenues forecasts for seven international regions and by six buying segments. Five-year forecasts are provided for seven regions: Africa, Asia Pacific, Eastern Europe, the Middle East, Latin America, North America, and Western Europe.

“The Eastern Europe section includes a discussion on the vibrant custom content development hub in Ukraine,” reports Adkins. “The Western Europe section has a detailed analysis of the dynamics of the market in the Nordic Cluster, which is comprised of Denmark, Norway, Sweden, Finland, Iceland, Greenland, the Faroe Islands, and the Åland Islands. The Nordic Cluster is the most concentrated revenue opportunity outside the US and China.”

The demand-side analysis includes five-year forecasts for six buying segments: consumers, PreK-12 schools, tertiary & higher education institutions, local/state/provincial/prefecture government agencies, federal government agencies, and corporations & businesses.

The supply-side analysis provides revenue forecasts for three major product categories: packaged retail content (further broken out by eight types), custom content development services, and authoring tools & platforms.

The packaged retail content forecast in the supply-side analysis includes five-year forecasts for eight types of packaged Mixed Reality Learning content including cognitive learning, knowledge-based, skill-based, language learning, early childhood learning, performance assessment, role-based behavior modification, and location-based learning. Each provides quite distinct revenue opportunities for suppliers.

“Apple and Google have dramatically opened up the market for augmented mobile applications due to the release of the Apple ARKit and the Google ARCore SDKs in 2017,” comments Adkins. “Both platforms make it much easier to develop AR experiences, but perhaps more significantly, provide native support for AR on the devices. Going forward, all new releases of iOS and Android phones will have native support for AR; billions of devices will support AR in 1-2 years.”

The current Mixed Reality Learning market is being driven by the demand for products in the industrial and healthcare sectors. There is now a booming demand for industrial field-based augmented reality learning in the corporate and government segments. Mixed Reality Learning is having a profound impact on healthcare education and training. Mixed Reality Learning is proving to be very effective at improving performance, decreasing training time, reducing errors, and increasing productivity. These are compelling value propositions.

The market dynamics will change over the forecast period as AR and VR headset prices continue to fall and more packaged retail content becomes available for the academic and consumer segments.

“The global market for Mixed Reality Learning is in the midst of profound innovation and transformation (if not outright disruption),” adds Adkins. “These innovations are exponential in the sense that they are not small incremental linear innovations common to traditional products; they are fundamentally new types of learning products. The one common characteristic of these new learning technologies is that they enable real-time knowledge transfer.”

About Metaari

Metaari (formerly Ambient Insight) is an ethics-based quantitative market research firm that identifies revenue opportunities for advanced learning technology suppliers. We track the learning technology markets in 122 countries. We have the most complete view of the international learning technology market in the industry. Metaari focusses solely on advanced learning technology research on products that utilize psychometrics, neuroscience, game mechanics, robotics, cognitive computing, artificial intelligence, virtual reality, and augmented reality.

Media Contact: Sam Adkins, Metaari, 360-805-4298, sam@metaari.com

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Webroot Drives Four Years of Double-Digit Revenue Growth

BROOMFIELD, Colo., March 1, 2018 /PRNewswire/ — Webroot, the Smarter Cybersecurity® company, announced double-digit year-over-year annual recurring revenue growth for the second quarter of its 2018 fiscal year, which ended December 31, 2017. This marks the sixteenth consecutive quarter of double-digit, year-over-year revenue growth for the company.

Webroot logo. (PRNewsFoto/Webroot)

Webroot’s business segment grew by 31 percent, more than 5 times the 6 percent growth analyst firm Radicati tracks as the annual growth rate for business endpoint security solutions worldwide.

In the consumer segment, Webroot grew by 4 percent year over year, which according to Webroot’s calculations is 2.6 times the pace of worldwide security spending in the consumer security software segment. According to Gartner’s Forecast: Information Security, Worldwide, 2015-2021, 4Q17 Update report published February 2018 and authored by Ruggero Contu et al, that pace is estimated at 1.5 percent CAGR 2016-2021.

Key Q2 2018 Highlights:

Webroot Growth

  • Webroot added nearly 1,000 managed service providers (MSPs) in Q2, bringing its total number of MSP partners to over 11,200.
  • The company increased the number of businesses it protects by 20,000 this quarter. In total, Webroot protects more than 260,000 businesses worldwide.
  • Webroot announced its new Security Awareness Training platform, which MSPs use to help clients reduce security risks through end-user training and phishing simulation. The solution is purpose built for MSPs, allowing them to deploy high quality content, easily, through the same console used to manage their other Webroot solutions.
  • Following a year of enhancements, Webroot deployed Threat Hunting for BrightCloud Web Classification and Reputation in December 2017. Since the deployment, Webroot significantly increased its malicious URL coverage and is continuing to add hundreds of thousands of new malicious URLs daily. These results are another validation point for leveraging sophisticated machine learning on a massive scale to dramatically improve security for Webroot’s endpoint and embedded technology partners.

Partner News

  • Webroot signed six new embedded security partner contracts in Q2 including CloudPost and Dojo.
  • Webroot announced its partnership with Centripetal Networks. The company will utilize Webroot’s BrightCloud IP Reputation Service to dynamically update its real-time, correlated threat intelligence feed every few minutes to drastically reduce the time to threat detection and intelligence-powered prevention.
  • Pulseway, the leading provider of mobile-first, cloud-first remote monitoring and management (RMM) software, announced an integration with Webroot which gives Pulseway customers more choice to remotely manage endpoint security across their entire network.

Cybersecurity Research Findings

  • Webroot revealed the 10 nastiest ransomware attacks to hit within the past year. NotPetya was the most destructive ransomware of 2017, followed closely by WannaCry and Locky.
  • Webroot conducted a global survey, “Game Changers: AI and Machine Learning in Cybersecurity” that revealed that 95 percent of IT security professionals say machine learning is a critical component in a cybersecurity strategy. The survey also found that U.S. is an early adopter of AI for cybersecurity, and 87 percent of U.S. cybersecurity professionals report their organizations are currently using AI as part of their cybersecurity strategy.

Industry Accolades

  • Webroot was recognized as a “Trail Blazer” in the Radicati Group’s Endpoint Security Market Quadrant Report, 2017. The report analyzed leading endpoint security solutions. It recognized Webroot SecureAnywhere Business Endpoint Protection for offering advanced best-of-breed technology.
  • Webroot won the MRG Effitas Online Banking/Browser Security award for the third year in a row. Webroot’s SecureAnywhere product was one of only three solutions to receive this award, which evaluates the reliability and efficiency of solutions to protect financial services companies.

Key Quote:

Mike Potts, CEO of Webroot
“Our four years of consecutive double-digit growth highlight the demand for our solutions as businesses and consumers face an increasingly complex landscape of cybersecurity threats. Our momentum further validates that Webroot has the most sophisticated threat intelligence engine in the industry, integrated with leading technology partners. We look forward to working with our customers, partners, and the community to build on this success as we accelerate our business.”

About Webroot
Webroot was the first to harness the cloud and artificial intelligence to protect businesses and individuals against cyber threats. We provide the number one security solution for managed service providers and small businesses, who rely on Webroot for endpoint protection, network protection, and security awareness training. Webroot BrightCloud® Threat Intelligence Services are used by market leading companies like Cisco, F5 Networks, Citrix, Aruba, Palo Alto Networks, A10 Networks, and more. Leveraging the power of machine learning to protect millions of businesses and individuals, Webroot secures the connected world. Headquartered in Colorado, Webroot operates globally across North America, Europe, and Asia. Discover Smarter Cybersecurity® solutions at webroot.com.

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©2018 Webroot Inc. All rights reserved. Webroot, SecureAnywhere, Webroot SecureAnywhere, Webroot BrightCloud, BrightCloud, and Smarter Cybersecurity are trademarks or registered trademarks of Webroot Inc. in the United States and other countries. All other trademarks are properties of their respective owners. 

 

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Frost & Sullivan Recognizes Intel as a Driving Force for Innovative Technology Development in the Internet of Things Ecosystem

SANTA CLARA, Calif., March 1, 2018 /PRNewswire/ — Based on its recent analysis of the Internet of Things (IoT) space, Frost & Sullivan recognizes Intel Corporation (Intel) with the 2018 North American Enabling Technology Leadership Award for enabling edge computing by working with partners and customers to develop technology that delivers more processing power closer to where data is generated across many verticals’ IoT applications.

“Intel has used its ability to identify industry-specific IoT business challenges to create market ready solutions with ecosystem partners that provide an easier path to deployment and faster time-to-market,” said Dilip Sarangan, Global Research Director, IoT.

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Intel’s scalable portfolio of Intel® Atom®, Core, Xeon® processors as well as products in connectivity, storage, security, and embedded software from Wind River allows the company to solve critical challenges facing the IoT ecosystem. Organically and through acquisitions, Intel has also developed computer vision and artificial intelligence (AI) accelerators as well as field-programmable gate arrays (FPGA) for the most demanding edge workloads. Robust developer offerings help software developers create compelling solutions that have the ability to perform data analytics at the edge, allowing end users to make real-time decisions with accurate, accessible data.

Intel Capital has invested in various early stage start-ups to create a pipeline of innovations in the industry. The Intel® IoT Solutions Alliance is a large and vibrant ecosystem covering hardware, software, analytics, solution providers, system integrators and channel partners. The company has also been an active participant in getting the industry to adopt best practices by working with consortia and standards bodies that will ensure that diverse range of IoT systems can be integrated into comprehensive solutions. This will help organizations improve their return on investment (ROI) and increase the success rate of IoT deployments.

“Intel is an industry leader in speeding up innovation cycles and identifying attractive sales channels through its ecosystem. Intel’s engagements across almost all levels of the IoT ecosystem, coupled with their broad portfolio, positions Intel to succeed in the IoT market,” said Sarangan.

Each year, Frost & Sullivan presents this award to a company that has developed a pioneering technology that not only enhances current products, but also enables the development of new products and applications. The award recognizes the high market acceptance potential of the recipient’s technology.

Frost & Sullivan Best Practices awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research to identify best practices.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector, and the investment community. Contact us: Start the discussion.

Contact:
Claudia Toscano
P: 210.477.8417
F: 210.348.1003
E: Claudia.Toscano@frost.com

 

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