Schneider Electric Acquires Stake in AutoGrid to Accelerate AI Adoption in the Power Sector

SAN FRANCISCO, May 31, 2019 /PRNewswire/ — Schneider Electric, the leader in the digital transformation of energy management and automation, today announced an investment in AutoGrid, the leader in flexibility management software for the energy industry. The investment makes Schneider Electric a major shareholder in the company and establishes a co-innovation partnership focused on driving new AI and machine learning solutions for the utilities and commercial and industrial companies.

Most immediately, Schneider Electric will leverage AutoGrid’s Energy Internet and Flex platforms to add artificial intelligence-driven solutions for customers’ distributed energy projects. This will accelerate new capabilities for Schneider Electric’s leading microgrid and behind the meter solutions, as well as advance its ability to better serve the utility segment as the grid becomes more distributed and prosumers demand greater participation and control over their energy usage.

AutoGrid has a differentiated approach and scalable solution that allows utilities and distributed energy resources like microgrids to connect, allowing commercial and industrial clients to monetize their renewable energy assets. This strategic investment reinforces our commitment to help our clients adopt new technologies like AI and machine learning to transition to a new energy future.

“The combination of AutoGrid’s software driven strategy, with Schneider Electric’s global footprint and expertise in a variety of end-user segments is a win-win for both companies, and both companies can co-innovate throughout the energy value chain,” said Heriberto Diarte, Schneider Electric Head of External Innovation & Ventures.

The investment is led by Schneider Electric Ventures, part of Schneider Electric’s newly formed Innovation at the Edge Program. Innovation at the Edge is focused on incubating, investing, and partnering with start-ups and other innovative companies outside of Schneider Electric’s core business to nurture ideas that will achieve a sustainable energy future.

“We’re at an inflection point in the energy industry. We’ve seen the promise of clean technologies and need focused partnerships, investment and innovation to drive the promise forward,” said Amit Narayan, Founder and CEO, AutoGrid. “A closer relationship with Schneider Electric as an investor, partner and board member creates a path toward our common goal of creating a more sustainable energy future”.

Schneider Electric Ventures has close to 40 strategic active alliances with startups and incubation projects. For more information please visit: https://www.schneider-electric.com/en/about-us/ventures/

About Schneider Electric
Schneider Electric is leading the Digital Transformation of Energy Management and Automation in Homes, Buildings, Data Centers, Infrastructure and Industries. With global presence in over 100 countries, Schneider is the undisputable leader in Power Management – Medium Voltage, Low Voltage and Secure Power, and in Automation Systems. We provide integrated efficiency solutions, combining energy, automation and software. In our global Ecosystem, we collaborate with the largest Partner, Integrator and Developer Community on our Open Platform to deliver real-time control and operational efficiency. We believe that great people and partners make Schneider a great company and that our commitment to Innovation, Diversity and Sustainability ensures that Life Is On everywhere, for everyone and at every moment.
www.schneider-electric.us

About AutoGrid
AutoGrid builds AI-powered software applications that enable a smarter distributed energy world. The company’s suite of flexibility management applications allows utilities, electricity retailers, renewable energy project developers and energy service providers to deliver clean, affordable and reliable energy by optimizing networked distributed energy resources (DERs) in real time and at scale. AutoGrid has more than 5,000 megawatts of DERs under contract with Xcel Energy, National Grid, Total, CPS Energy, CLP Holdings and over 35 other leading energy companies around the world.

www.auto-grid.com

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SOURCE Schneider Electric

Aragon Research Reveals 2019 Globe for Enterprise Content Platforms

PALO ALTO, Calif., May 31, 2019 /PRNewswire-PRWeb/ — Aragon identifies twelve major providers in its second annual Aragon Research Globe for Enterprise Content Platforms, published today. The report provides an overview of the current state of the enterprise content management market and identifies the new shift to full content platforms.

Aragon Research defined the term enterprise content platform in 2018. Today, the demand for providers who are enabling content to be put into motion is increasing rapidly. There is a growing need for platforms that can manage more diverse forms of content and provide real-time analytics on what is taking place in a content-based process.

The modern enterprise content platform consists of four components:

  • Content Analytics
  • Content Management
  • Content Services
  • Workflow Automation

These capabilities are enabling enterprises to make their content accessible within applications, which Aragon sees as critical to business transformation. One of the major trends impacting enterprise content management is intelligence. Artificial intelligence paired with content analytics (intelligent content analytics) is allowing enterprises to transition from analog legacy document processes to automated processes.

“Enterprises who heavily rely on content to drive their business, especially if they’re in industries like banking, insurance, or real-estate, are at risk of being at a competitive disadvantage if they wait to modernize their content platforms,” said Jim Lundy, CEO of Aragon Research. “New technologies such as intelligent content analytics are allowing enterprises to unleash untapped data inside their content repositories, which is key for identifying and reducing business risk and accelerating outcomes.”

The providers evaluated in this Globe report include: Alfresco, Box, Hyland, IBM, Laserfiche, M-Files, Microsoft, Newgen, Nuxeo, OpenText, Oracle, and Xerox.

Enterprises should use this Globe report to help them begin evaluating enterprise content platform providers and to understand where the market is headed. Aragon clients can access The Aragon Research Globe for Enterprise Content Platforms, 2019 in the AIN client community or on http://www.aragonresearch.com.

About Aragon Research
Aragon Research delivers high-impact visual research, consulting, and advisory services to provide enterprises the insight they need to make better technology and strategy decisions. Aragon Research serves business and IT leaders and has a proven team of veteran analysts. For more information, visit https://www.aragonresearch.com/.

 

SOURCE Aragon Research Inc.

The BeSmartee® Wholesale Mortgage TPO Platform Provides Lenders with an Automated Loan Submission Portal

HUNTINGTON BEACH, Calif., May 31, 2019 /PRNewswire-PRWeb/ — The ever-evolving, tech-powered mortgage innovator, BeSmartee®, launches its platform for wholesale lenders to utilize with their third-party originators (TPO), enhancing the digitally driven wholesale and correspondent lending experience for their network of originators.

Providing a simple, seamless and solution-oriented process, the newly minted BeSmartee® Wholesale Mortgage TPO platform creates tremendous opportunity for wholesale lenders by optimizing the file submission process from their third-party originator network to maximize profitability, while prioritizing compliance.

This two-in-one platform features an automated centralized submission portal for borrower applications and supporting documents, where originators will use the TPO Platform to import an application file, such as a FNMA 3.2 file, then follow a simple guided process to supply supporting data and documentation to complete the loan submission process. Once the submission process is complete, the third-party originator will then be auto-directed to their MLO Command Center where they can collaborate with borrowers in real-time to fulfill all loan requirements including editing files, running pricing to lock or float the interest rate, request and satisfy conditions, among other features. Depending on wholesale lender rules for enabling edit-ability, third-party originators can manipulate their dashboard to their preferences, as the settings are saved on a user-by-user basis.

Additionally, BeSmartee’s TPO platform can be used with its mortgage POS solution to facilitate the borrower mortgage application, collection and submission process even more quickly, removing the need for the third-party originator to go through the file submission process, as this would be fully automated.

“We’ve worked side by side with our wholesale lender clients for over two years to create the BeSmartee® Wholesale Mortgage TPO Platform,” said BeSmartee co-founder Arvin Sahakian. “A truly ideal loan submission portal to not only meet the needs of our respective wholesale lender clients, but also their valued TPO network of brokers.”

Not only does the smart TPO platform offer configurable variations, loan originators now have access to more than 165 partner software integrations complete with mortgage pricing engine tools, automated underwriting systems (AUS), electronic signature solutions and more – talk about one-stop-shop. Reach out to see the demonstration for yourself.

About BeSmartee

BeSmartee® disrupts the financial services industry with its award-winning, web-based mortgage lending software for lending institutions. Utilizing more than 165 direct vendor integrations, big data, artificial intelligence and process automation, BeSmartee’s Mortgage POS, TPO Platform and Home Equity POS offer high-touch, end-to-end production experiences that shorten lending cycles and reduce costs, taking today’s originators and borrowers further, faster. Connect with us at https://www.besmartee.com.

SOURCE BeSmartee

Synaptic’s Artificial Intelligence Delivers Cash Security for Retailers; Ripley’s Believe It or Not! Times Square to Use Synaptic’s Currency Ai

MIAMI, May 31, 2019 /PRNewswire-PRWeb/ — Synaptic Ai, a video and artificial intelligence company based in Miami, recently released its latest product, Currency Ai. Synaptic’s Currency Ai can be integrated with virtually all modern cameras and point of sale (POS) systems to monitor hand-to-hand cash transactions and to prevent employee theft or cash skimming where an employee pockets some or all of a sale without ringing it up.
Employee theft made up 33 percent of a $46.8 billion loss to American retailers in 2018, according to the annual National Retail Security Survey published by the National Retail Federation (NRF) and the University of Florida (UF).

“The costs to retailers from employee theft are simply quite staggering,” said Synaptic’s Ai’s founder Sal Salman. “Our Currency Ai puts the power of artificial intelligence into the hands of business owners to affordably and efficiently monitor cash transactions.”

Synaptic’s Currency Ai is a software-based program that uses artificial intelligence for object recognition and to analyze cash transactions. When Currency Ai recognizes that cash is being handled, it communicates directly with POS systems to determine if a sale has been made. If no sale was recorded, then an alert will be triggered to the business owner or manager, who can directly assess if theft has occurred by accessing the recorded video from Synaptic’s secure cloud servers.

Many frauds involve “diverting small sums of money over a long period of time. In 28.7 percent of 2016 cases, the employee theft took place for more than five years, which makes detection challenging, according to Security Magazine. Other uses for Currency Ai include ensuring that lottery tickets, gift, and phone cards are only activated when a customer is present, and to also monitor customer interactions and analyze customer traffic patterns.

Synaptic’s Currency Ai has value for retail and convenience stores, banks, the food and hospitality industry, such as bars, and any type of business that involves a large amount of cash transactions. Synaptic’s Currency Ai is currently in use in the Miami area at Natural K9 stores, suppliers of natural dog products, and in late May, Synaptic Ai went in to a development deal with Ripley’s Believe It or Not! to monitor cash transactions in its largest North American location in NYC’s Times Square.

Synaptic Ai is based out of Miami and offers a number of affordable automated solutions powered by artificial intelligence including facial recognition, object recognition and automatic license plate reading to customers across the country.

Please visit https://www.synapticai.com/ to learn more.

Sal Salman, an artificial intelligence developer, founded Synaptic Ai in 2018. Sal is a three-time University of Miami Hurricane, attaining a BBA in Computer Information Systems, a M.B.A, and a M.S. in Computer Science. He has been in the automation / systems engineer space for over 15 years, building sophisticated aviation applications for American Airlines and Inventory Management applications for Burger King Corporation.

Sal Salman is also the owner of the Natural K9 dog supply stores, and b-roll footage and interviews can be obtained by arranging a visit to one of the Natural K9 stores in South Florida, or online here: https://vimeo.com/332083597

MEDIA INQUIRIES:
Jennifer Witherspoon, jenniferawitherspoon@gmail.com, 386-262-6023 or

Sal Salman, sal@synapticai.com, o: 386-262-6023, c: 305-298-1323

To see Currency Ai in action, conduct interviews and to take B-roll footage at a Natural K9 store in South Florida, please contact:
Carmem Santos, customerservice@naturalk9supplies.com 305-514-0577

 

SOURCE Synaptic Ai

Mahesh Baxi joins My Ally as Senior Vice-President of Customer Success & Machine Learning Operations

PALO ALTO, Calif., May 31, 2019 /PRNewswire/ — Mahesh Baxi, the former Vice President of the Strategic Solutions Group at Apttus, has joined AI-powered HR platform My Ally as Senior Vice-President of Customer Success & Machine Learning Operations at their Palo Alto Headquarters.

Mahesh Baxi, Senior Vice-President of Customer Success & Machine Learning Operations

An industry leader in customer success and implementations, Baxi has over 24 years of experience in global enterprise software. As an early employee at Apttus, he helped them scale their solutions portfolio to a $2BN business prior to their successful exit. He also served as Global Vice President for Customer Success, and VP of Professional Services during his tenure at Apttus.

In his new role at My Ally, Mr. Baxi will be responsible for all elements of the customer lifecycle and product innovation, particularly in the Machine Learning and Artificial Intelligence capabilities of My Ally.  

“My Ally stands at the crossroads of talent, artificial intelligence, and machine learning,” says Baxi, “I am excited to be part of this journey to transform the recruiting function; especially, the unique way we harness the power of natural language processing, and most importantly, ML Ops for real-time machine learning.”

Earlier in his career, Baxi served as the founder & CEO of the proactive sourcing platform TalentOjo and a Managing Director at ThoughtWorks.

“There have been few moments in my career where I have seen the tremendous market opportunity ahead of a startup,” continues Baxi, “My Ally is poised to be a central platform for the future of human resources technology. I’m honored to be a part of this team.”

A longtime resident of the Bay Area, Mahesh is a public speaker on Customer Success and Team Building, as well as the author of “New Age Leadership: An Open-Minded Approach for the New Generation”. He holds a B.S. in Computer Engineering from Dharmsinh Desai Institute of Technology.

Contact: info@myally.ai

(PRNewsfoto/My Ally, Inc.)

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SOURCE My Ally, Inc.

Creative Announces Super X-Fi® Technology Integration with OEM Laptop Manufacturer Clevo®

MILPITAS, Calif., May 31, 2019 /PRNewswire/ — Creative today announced that it is working with Taiwanese OEM computer manufacturer Clevo to integrate its groundbreaking Super X-Fi technology into Clevo’s next generation gaming laptops.

(PRNewsfoto/Creative Technology Ltd)

Super X-Fi will transform the way end-users experience their movies, music and games on PCs and laptops when using headphones. Super X-Fi captures the listening experience of a high-end multi-speaker system in a studio and actually recreates that same expansive experience – the same depth, detail, soundstage, three dimensionality, immersiveness and realism. It’s like the magic of 3D holography, but in audio – for headphones.

Super X-Fi technology will be implemented into the Clevo laptop design as a hardware solution, which includes the Super X-Fi UltraDSP chip. This collaboration with Clevo is in line with Creative’s announcement during CES 2019 (where Super X-Fi bagged 15 Best of CES Awards) that it would be focusing strongly on the OEM front. Clevo is one of the largest OEM laptop manufacturers, and markets its products in over 50 countries. It will bring Super X-Fi to its huge OEM laptop PC customer base. The technology synergy achieved with this collaboration will give PC users a state-of-the-art headphone audio experience in a product space where movie and gaming content is fast becoming the main reason people purchase laptops.

“We are truly excited to collaborate with Creative to bring its Super X-Fi technology on-board as an integral part of our hardware offerings to our customer base. Laptops today are being used more and more to experience cutting edge graphics with today’s gaming and movie content, and Super X-Fi will give end-users the chance to experience a home-cinema experience right from their laptop with headphones! This is going to be a game-changer in the industry and will help us re-frame the purpose of what a computer is: an entertainment platform par excellence,” said Stephen Chien, Executive VP, Clevo.

“We are ecstatic to be able to work with Clevo, which is a major manufacturer that designs and builds laptops for many well-known established household brands. Clevo is well known in the market to be always pursuing cutting edge technologies for their products. Super X-Fi is flexible and scalable and can be implemented in a wide range of platforms and solutions, from devices, to headphones, to mobile phones, to tablets, and more. Exciting days await headphone users, who will be able to experience the magic of a multi-speaker system, right from their laptop! Users will actually feel like they are in a battlefield when playing games, and like they are in a cinema when watching movies. Do watch out for laptops that sport the premium Super X-Fi badge! This is the first OEM partnership we are announcing, so stay tuned for more,” said Lee Teck Chee, VP of Engineering and Inventor of Super X-Fi.

HOW SUPER X-FI WORKS

Imagine capturing the listening experience of a high-end multi-speaker system in a theater and actually re-creating that same expansive experience – the same depth, detail, soundstage, three dimensionality, immersiveness, realism and more. It’s like the magic of 3D holography, but in audio –for the headphones.

Leveraging on leading-edge precision technology that maps the distinct acoustics of an audio system projecting sound to the human ear in three-dimensional space, the Super X-Fi holographic audio experience intelligently translates that complex information into an identical breathtaking listening experience for the headphones.

In addition, everybody hears sound differently in the real world, depending on the shape of one’s ears and structure of the head. Super X-Fi further uses Artificial Intelligence to map the individual’s ear shape and head profile, then utilizes a computationally complex algorithm to transform and custom tailor the audio to each individual, so that it sounds perfect to each and everyone, and like what they hear in the real world. To find out more about Super X-Fi, visit www.sxfi.com.

About Creative
Creative is a worldwide leader in digital entertainment products. Famous for its Sound Blaster® sound cards and for driving the multimedia revolution – which established a user base of 400 million – Creative drives digital entertainment with cutting-edge audio solutions that include premium wireless speakers, wireless headphones, powerful audiophile-grade digital amplifiers and next-generation home-theatre systems. Aiming at the new mobile networked generation by bridging the worlds of the computer, smartphones, and tablets, Creative continues to reinvent the Sound Blaster, with its ground-breaking Sound Blaster Roar series and USB-audio class of products such as the Sound Blaster X7.

In 2016, Creative unveiled the X-Fi Sonic Carrier: a brand-new concept in hi-res audio and video delivery for home entertainment. This technology powerhouse dubbed ‘the soundbar of the gods’ personifies the Audio of Tomorrow.

In 2018, Creative launched an all-new game-changing technology for headphones called Super X-Fi® Headphone Holography. This technology uses computational audio to recreate the listening experience of a high-end multi-speaker system in a professional studio, and delivers the same expansive experience – with the same original depth, detail, realism, and spaciousness – in headphones. Super X-Fi further uses Artificial Intelligence to compute a custom audio profile based on a person’s unique anthropometry. Super X-Fi has won multiple accolades worldwide, including an unprecedented 15 awards at CES 2019.

About Clevo
Established in 1983, CLEVO is the leading ODM/OEM manufacturer specializing in hardware solutions for notebooks, tablets and All-in-One PCs. Customer satisfaction is always our number one priority. Our pioneering R&D team is committed to the building of a superior future.  Our long experience in the field, professionalism, manufacturing expertise and the most complete product line in the industry seal our reputation for being the premier hardware partner for worldwide OEMs. CLEVO offers complete solutions for global ODM/OEM partners.

Creative, the Creative logo, Super X-Fi, X-Fi, Sonic Carrier and Sound Blaster are trademarks or registered trademarks of Creative Technology Ltd in the United States and/or other countries. All rights reserved. All other trademarks are the property of their respective owners.

CONTACT INFORMATION

Creative Technology Ltd
Eugene Chong
(65) 6895 4413
yochong@ctl.creative.com

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SOURCE Creative

McGraw-Hill and Vantage Learning Collaborating to Create Artificially Intelligent Automated Writing Feedback Tool

NEW YORK, May 30, 2019 /PRNewswire/ — Expanding its position as a market leader in learning science, McGraw-Hill announced today that it is developing a new artificially intelligent tool that guides students through the entire writing process, and gives higher education instructors a way to efficiently and effectively assign and grade writing. Embedded into McGraw-Hill Connect® digital learning materials for writing done in all course areas, the adaptive tool will help millions of students demonstrate critical and analytical thinking skills and develop writing skills for college-level work and competitive careers.

This new learning tool will provide instructors with yet another powerful digital resource. McGraw-Hill’s newly developed writing interface will leverage Vantage Learning’s artificial intelligence (AI)-based writing feedback and scoring systems, helping students choose more effective wording or grammar, improve ideation skills and understand what makes effective writing.

The automated writing feedback tool is the newest capability added to McGraw-Hill digital course materials, designed to improve learning outcomes for students, while ensuring affordability and high value.

“The new writing tool has the potential to dramatically increase the ability of faculty to allow for written assignments in courses without dramatically increasing the course workload,” said Michael Troyan, Instructor and Online Coordinator in the Department of Biochemistry and Molecular Biology at Penn State University. “This could allow for multiple, simple writing assignments that could be easily graded, even in large lecture courses.”

“All students need strong writing and critical thinking skills to succeed in college and in the workforce,” said Scott Virkler, Chief Product and Operating Officer for higher education at McGraw-Hill. “McGraw-Hill takes pride in leveraging technology to provide purposeful learning experiences and this new solution will help students create more meaningful, effective and original communications. Even more exciting, the technology will support learning in the broadest sense; it is not simply teaching writing in isolation, but a skill that supports all learning. We see unprecedented potential to lift students’ English skills at scale while providing them with life-long workforce skills.”

Written communication skills are not only critical for student success, they remain one of the most in-demand skills in the workforce. Yet, less than half of employers believe that recent college graduates enter the job market with the appropriate skill level and preparation needed.

“We’re excited to work with McGraw-Hill to enable better outcomes for students,” said Paul Edelblut, Vice President of Vantage Labs.  “Artificial intelligence-based learning solutions continue to break new ground in adaptive learning for writing. Our partnership with McGraw-Hill will produce a comprehensive technology solution, including AI-based feedback and scoring, that supports McGraw-Hill’s quality educational content for teaching students how to write.”

McGraw-Hill
McGraw-Hill is a learning science company that delivers personalized learning experiences that help students, parents, educators and professionals drive results. We focus on educational equity, affordability and learning success to help learners build better lives. Headquartered in New York City, McGraw-Hill has offices across North America, Asia, Australia, Europe, the Middle East and South America, and makes its learning solutions for PreK-12, higher education, professionals and others available in more than 75 languages. Visit us at mheducation.com or find us on FacebookInstagramLinkedIn or Twitter.

About Vantage Learning
The world leader in K-12 education technologies, Vantage Learning creates Adaptive Learning Environments® to support student achievement and school improvement. Formed to meet the needs of the ever-evolving education industry, Vantage provides educators with sophisticated knowledge and immediate feedback solutions to enhance and support a continuous learning process. Its exceptional technology, including artificial intelligence, natural language understanding and web-based learning objects, provides adaptive resources for individualized instruction and professional development.

Contacts:
Tyler Reed
McGraw-Hill
(646) 766-2951
tyler.reed@mheducation.com

Paul Edelblut
Vantage Labs
(267) 756-1159
pedelblut@vantage.com

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SOURCE McGraw-Hill

NASSCOM Kicks Off 3rd Annual C-Summit With Focus ON Leadership Imperatives in an AI-powered World

NEW YORK, May 30, 2019 /PRNewswire/ — The 3rd edition of the National Association of Software and Services Companies’ (NASSCOM) C-Summit commenced today in New York. C-suite executives will join discussions about how they are evolving their leadership styles as their companies continue to embrace the larger global shift to digital. The theme of this year’s conference, ‘Leadership Imperatives in an AI-Powered World,’ is designed to offer attendees actionable insights about the emerging themes that are impacting businesses across industries, such as unlocking growth through innovation, emerging business models and ecosystems, upskilling talent through cultural shifts, and more.

Speaking at the summit, Debjani Ghosh, President, NASSCOM, said, “NASSCOM’s C-Summit today, is aiding organizations across US and India realize the digital transformation journey and further help them co-create and collaborate. Our endeavor is to proliferate the knowledge exchange whilst bridging the technological gap.”

Some of the speakers featured during the NASSCOM C-Summit include Kush Saxena, Chief Technology Officer of Mastercard, Roee Adler, SVP and Global Head of WeWork Labs, Tiger Tyagarajan, President and CEO of Genpact, as well as Keshav R Murugesh, Group CEO of WNS Global Services and Chairman of NASSCOM. Designed with the goal of facilitating collaboration and sharing of strategic insights among member companies, the NASSCOM C-Summit provides an inclusive environment for attendees to learn best practices in driving real-world transformation with digital technologies.

Speaking at the conference, Keshav Murugesh, Chairman, NASSCOM, said, “Emerging technologies, such as Artificial Intelligence, are being adopted by organizations and consumers at an unprecedented pace. We will continue to find the best ways to collaborate with machines and uncover new and innovative ways to drive creativity and differentiation at companies around the world. Our hope at NASSCOM is that the C-Summit will demonstrate to attendees that it is crucial for leaders to embrace digital technologies to help rethink business models that are centered around the customer experience.”

Expressing his thoughts at the 3rd annual C-Summit, Tiger Tyagarajan, President and CEO, Genpact, said, “AI now has an undeniable presence in our everyday lives, from ride-share apps, to tailored advertisements, to connected home devices, and beyond. At Genpact, we’re seeing rapid AI adoption across financial services, manufacturing, healthcare, and retail, among other industries. Leaders that embrace these emerging technologies are already driving competitive growth and enhanced customer and employee experiences. Companies that will survive in the future will be instinctive, purpose-driven enterprises that are adaptive, connected, and predictive, with AI as their neural wiring. These future businesses will leverage data and predictive analytics, create connected ecosystems internally and externally, and foster a purpose-driven culture and continuous learning to build a future-proof workforce.”

The C-Summit will also feature a roundtable that will address ‘Technology Adoption.’ Hosted by NASSCOM, this roundtable will feature conversations about how technological disruption is impacting all sectors, where organizations are deploying technology at rapid rates to gain a competitive edge over others in the industry. Much of the roundtable will focus on the importance of partnerships and collaboration in the future, which will help companies of all sizes ensure a constant growth trajectory, as well as discussions about emerging trends.

About NASSCOM

The National Association of Software and Services Companies (NASSCOM®) is the premier trade body and chamber of commerce of the IT-BPM industries in India and comprises of over 2800-member companies including both Indian and multinational organisations that have a presence in India. Guided by the vision of the country to adopt and integrate digital technologies, NASSCOM believes in enabling a digital transformation in the country through technology. NASSCOM aims to position the country as a global hub for innovation and co-creation by imbibing the ideology of ‘Think Digital, Think India’, to drive focus towards emerging technologies, digitally skilling talent and ensuring the pace of transformation in the country meets the global standard. NASSCOM’s membership base constitutes over 95% of the industry revenues in India and employs over 4 million professionals.

For further information please contact:

Arnab Bhattacharya | Kabir Bhargava

NASSCOM Press Office – Genesis BCW

+91-7838311985 | +91-7291961901

arnab.bhattacharya@genesis-bcw.com | kabir.bhargava@genesis-bcw.com 

Kavita Doshi

NASSCOM

+91-120-4990200

kavita@nasscom.in

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SOURCE NASSCOM

Coveo Named a Leader in Latest Cognitive Search Report by Independent Research Firm

QUEBEC CITY, May 30, 2019 /PRNewswire-PRWeb/ — Coveo, a leader in AI-powered business solutions, announces today that is has been named a leader in The Forrester Wave™: Cognitive Search, Q2 2019.

The report evaluates 12 vendors on 24 criteria, grouped by Current Offering, Strategy and Market Presence. Coveo received among the highest scores in the market presence category.

“Coveo offers enterprise customers relevancy through a comprehensive portfolio of cognitive search products and industry solutions,” the report says. “Enterprises can take immediate advantage of Coveo’s cognitive search capabilities by using prebuilt applications, such as customer self-service, customer communities, in-product intelligence, and many more.”        

The report notes that “employees and customers have an insatiable need for information. Cognitive search delivers it. It augments employees’ intelligence to help them make smarter decisions and complete tasks faster. It helps customers support themselves and find information about products and services.”

“We are honored to be recognized as a leader in yet another leading research firm report, The Forrester Wave™: Cognitive Search, Q2 2019,” Coveo Chairman and CEO Louis Tetu said. “We believe this recognizes the trust our customers place in us, and their success using Coveo to transform their organizations with AI and relevance to create world-class digital experiences in commerce, service and the workplace.”

Coveo has been proven to help Global 2000 enterprise customers deliver on the promise to deliver a million unique experience to a million people through the power of artificial intelligence. Customers have achieved significant results such as enabling their business to grow and scale, delivering significant savings in operational costs, and more. For more details, check out the recent press release highlighting the award-winning customers at Coveo Impact.

According to The Forrester Wave™ Report:

“AI and Architecture are key differentiators. As legacy enterprise search technology becomes outdated and less effective, use of AI technologies such as natural language understanding will dictate which providers will lead the pack. Vendors that can provide ingestion intelligence and intent intelligence position themselves to deliver the most relevant search results to their customers.”

“Coveo offers strengths in data connectors, data ingestion intelligence, and tuning. Customers will find Coveo attractive for multiple enterprise scenarios, including software-as-a-service (SaaS) applications, custom search, and everything in between,” the report states.

Coveo has invested heavily in research and development to continuously improve its artificial intelligence technology; the company has a proven track record in continuous innovation to stay ahead of the market, delivering new integrations, releases and solutions every year. The company recently launched a new product for Commerce after seeing market demand for a solution to personalize product catalogs and recommendations to shoppers’ needs.

The Forrester Wave™ report positioning is dependent on Forrester’s evaluation of the vendor’s market presence, strategy, and current offering in regards to Cognitive search. To be considered for inclusion in the report, vendors must have a comprehensive, differentiated cognitive search solution, that is not technologically embedded in any particular applications. The vendors must have referenceable, large enterprise customers using the cognitive search solution.

For more information, please view the full report.

About Coveo

Make business personal.

Coveo uses AI and intelligent search technologies to personalize millions of digital experiences for customers, partners, dealers, and employees. Coveo combines unified content, unified interactions and machine learning to deliver relevant information and recommendations across every business interaction, making websites, ecommerce, contact centers, intranets and digital properties and apps effortless, content-rich and effective. Coveo is also embedded in many leading business applications from vendors including Salesforce, Sitecore, ServiceNow, Dynamics and more. Coveo partners with the world’s largest enterprise technology players and has more than 1,500 activations in mid-to-large sized global organizations across multiple industries.

Stay up to date on the latest Coveo news and content by subscribing to the Coveo blog, and following Coveo on LinkedIn, Twitter, and YouTube.

 

SOURCE Coveo Software Corp.

VIDIZMO’s Artificial Intelligence bridges the gap between unstructured and structured video data like never before

TYSONS, Va., May 30, 2019 /PRNewswire-PRWeb/ — Today, VIDIZMO (http://www.vidizmo.com), a live and on-demand video streaming platform & portal solution, recognized in Gartner Magic Quadrant for Enterprise Video Content Management, announced its new Artificial Intelligence (https://www.vidizmo.com/vidizmo-artificial-intelligence-solutions/) features through its App model.

According to Gartner’s 2018 Magic Quadrant Enterprise Video Content Management (EVCM) report, “Artificial intelligence has the potential to transform video and create new insights that otherwise would remain hidden.” VIDIZMO’s enterprise video streaming solution uses Artificial Intelligence (AI) to transform all your digital content – videos, audios, and images – by extracting new insights and identifying objects, faces, speakers, sentiments, as well as transcribing every spoken word and then translating it into any language. All these insights are indexed and presented as structured video data to users, providing them search optimization, quicker content discovery, automated metadata tagging, and much more. These benefits allow organizations to comply with rising regulations in their businesses and industries for protecting personally identifiable information (PII), reviewing and moderating offensive, sexually explicit, suggestive or profanity content and perform required actions.

VIDIZMO Enterprise Video Content Management (EVCM) uses Cognitive Computing Services to draw information from multiple sources of audial and visual content, including structured and unstructured data within the content, while taking other inputs such as visual, gestural and sentiments within the video, to prepare information for actionable components in the moderation workflow.

Complying with global privacy regulations that govern the use, collection, and treatment of individuals’ protected information is a significant and a growing challenge, use of videos that contain such protected information adds further complexity into the equation. Due to the complexity of managing information in videos, companies are not prepared to comply their video content with the growing number of global data privacy and security laws such as GDPR, PII, HIPPA, FISMA, GLBA, etc. VIDIZMO’s latest Artificial Intelligence features address these regulatory concerns by converting cognitive data stored within video into an actionable item and facilitate further actions.

VIDIZMO Artificial Intelligence features catalog, categorize, and sanitize content ingested into VIDIZMO EnterpriseTube from various sources. These sources can include but not limited to employee/user-generated content, video recordings of conference meetings, patients’ medical recordings in healthcare, videos from bodycams in law evidence and law enforcement agencies, thereby ensuring compliance at a very reduced cost in a time-effective manner, all within a single platform.

The insights extracted from visual content include facial and celebrity recognition, object, scene, and activity detection, detailed video analysis, as well as visual text recognition (OCR), among others. From audial data, VIDIZMO provides speaker recognition, transcription, translation, language identification, etc. VIDIZMO also offers insights extracted from multiple channels such as detecting emotions, analyzing sentiments, extracting keywords and topics from audio as well as visual data of videos and much more.

“Based on market feedback, that customers are facing challenges in finding and ensuring compliance for data stored in video, a challenge now solvable with Artificial Intelligence, VIDIZMO is looking into the future by providing its customers access to AI capabilities, delivered through high responsiveness, single page application, and user-centric experience,” said VIDIZMO’s CEO Nadeem Khan.

ABOUT VIDIZMO
VIDIZMO (http://www.vidizmo.com) is a Gartner-recognized Enterprise Video Content Management System that empowers businesses with a comprehensive solution to deliver live and on-demand video streaming and digital asset management services in the cloud, on-premises or hybrid model. VIDIZMO offers a wide range of products, namely EnterpriseTube, MediaTube, Virtual Academy, Digital Evidence Management, Digital Asset Management and MediaCommerce – each one serving a diverse set of enterprise needs across all industry verticals such as the corporate sector, education, healthcare, law enforcement, media, and more.

With a consolidated video streaming and asset management portal, VIDIZMO fulfills enterprise needs for corporate communication, training, learning, digital media management, marketing, and sales, among others. Available in a flexible range of licensing models, VIDIZMO also leverages an organization’s existing IT systems by offering seamless integration with enterprise applications and services. A Microsoft Gold, Application and Co-Sell partner, VIDIZMO provides differentiated and enterprise-ready solutions built on Microsoft technology stack, along with enterprise-grade cloud security, compliance, and innovation.

 

SOURCE VIDIZMO