Analytics Archives - AiThority https://aithority.com/category/technology/analytics/ Artificial Intelligence | News | Insights | AiThority Fri, 05 Jan 2024 14:47:58 +0000 en-US hourly 1 https://wordpress.org/?v=6.4.2 https://aithority.com/wp-content/uploads/2023/09/cropped-0-2951_aithority-logo-hd-png-download-removebg-preview-32x32.png Analytics Archives - AiThority https://aithority.com/category/technology/analytics/ 32 32 CES 2024: Orbbec Incorporates Deeplearning with Stereo Vision -A Leap Forward in Robotic Vision https://aithority.com/machine-learning/ces-2024-orbbec-incorporates-deeplearning-with-stereo-vision-a-leap-forward-in-robotic-vision/ Fri, 05 Jan 2024 14:43:50 +0000 https://aithority.com/?p=556005 CES 2024: Orbbec Incorporates Deeplearning with Stereo Vision -A Leap Forward in Robotic Vision

The Gemini 2 XL is made for AI-based vision developers looking for an affordable, wide FOV RGB-D PoE camera with high-performance over a long range and varied lighting condition Orbbec, an industry leader dedicated to 3D vision systems, announced the launch of the Gemini 2 XL at this year’s Consumer Electronics Show (CES). Ideal as […]

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CES 2024: Orbbec Incorporates Deeplearning with Stereo Vision -A Leap Forward in Robotic Vision

The Gemini 2 XL is made for AI-based vision developers looking for an affordable, wide FOV RGB-D PoE camera with high-performance over a long range and varied lighting condition

Orbbec, an industry leader dedicated to 3D vision systems, announced the launch of the Gemini 2 XL at this year’s Consumer Electronics Show (CES). Ideal as the primary visual system for a variety of robots and numerous AI-based video analytics and interaction systems, the Gemini 2 XL is a long-range, 3D camera that delivers accurate and reliable data in various lighting conditions from pitch black to outdoors.

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Recommended AI ML Article: State of Implementation of Generative AI (Gen AI) in Marketing

Orbbec’s mission is to make 3D vision accessible and the Gemini 2 XL will enable robot designers to access premium visual information at a fraction of the cost of current solutions.

The newly released camera unit is easy to set up and operate with the Orbbec SDK and features:

  • Superior RGB-D Quality: Providing data suitable for a wide range of demanding AI-driven recognition and tracking applications that require detection of small objects and while excelling in high-reflectivity environments. The deeplearning algorithms can generate a complete phase map around small objects and fixtures by overcoming challenges faced by traditional algorithms due to shadow, speckle pattern size, illumination condition, etc.
  • Minimal Environmental Light Impact: Offers exceptional performance in various lighting conditions, including direct sunlight and outdoor environments. Conventional algorithms struggle to calculate depth/phase in environmental conditions with highly reflective surfaces, direct sunlight, low visibility, sharp shape-cased shadows, small texture-caused shadow, etc. to calculate the depth/phase which results in a spotted image with missing depth areas. Orbbec’s AI algorithms create a solid complete phase map output even under these challenging conditions.
  • No Need for Costly Vision Processors: While similar cameras in the market are either very expensive or require costly external computing power, the high-performance Gemini 2 XL provides engineers with a cost-efficient, high-accuracy option.

“We are excited to demonstrate the superior capabilities of Gemini 2 XL at this year’s Consumer Electronics Show,” said David Chen, Co-Founder and Head of Products at Orbbec. “As Orbbec’s learning library continues to expand, the camera’s capabilities will continue to improve, broadening their applicability in robotics and AI-based vision solutions.”

Read: Elevating Skilled Talent With AI Tools, Trainings and Resources

ODM services: Smarter automation needs intelligent robots with reliable, yet affordable depth perception. Orbbec is dedicated to 3D vision and customers interested in custom solutions to meet their specific application needs can leverage Orbbec’s expertise in R&D, in-house manufacturing and supply chain.

  • With the NVIDIA Jetson platform: The Gemini 2 XL, when paired directly with the powerful NVIDIA Jetson Orin system-on-modules instead of the OBox, allows for additional image processing resulting in further improvement in the depth frame rate, accuracy, and scene versatility. This optimized deeplearning pipeline and camera calibration service will be offered only as part of Orbbec’s ODM package.
  • Customizable, Scene-Specific Algorithms: Support for customization of the AI depth output and the ability for customers to re-train the model with their own data sets to achieve better performance under their specific application environment will be available only through Orbbec’s ODM services engagement.

Robotics developers, enthusiasts and media interested in checking out the Gemini 2 XL are invited to come by Orbbec’s CES booth at the Las Vegas Convention and World Trade Center (LVCC), North Hall, 9745.

Read: State Of AI In 2024 In The Top 5 Industries

[To share your insights with us, please write to sghosh@martechseries.com]

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Dremio Partners With Carahsoft to Bring Modern Data Infrastructure to the Public Sector https://aithority.com/technology/dremio-partners-with-carahsoft-to-bring-modern-data-infrastructure-to-the-public-sector/ Thu, 04 Jan 2024 15:25:35 +0000 https://aithority.com/?p=555764 Dremio Partners With Carahsoft to Bring Modern Data Infrastructure to the Public Sector

Partnership Helps Government Agencies Eliminate the Cost and Complexity of Legacy Data Environments Dremio, the easy and open data lakehouse, and Carahsoft Technology Corp.,The Trusted Government IT Solutions Provider announced a partnership. Under the agreement, Carahsoft will serve as Dremio’s Master Government Aggregator, making the company’s complete cloud and software portfolio for Government, Defense, Intelligence and Education […]

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Dremio Partners With Carahsoft to Bring Modern Data Infrastructure to the Public Sector

Partnership Helps Government Agencies Eliminate the Cost and Complexity of Legacy Data Environments

Dremio, the easy and open data lakehouse, and Carahsoft Technology Corp.,The Trusted Government IT Solutions Provider announced a partnership. Under the agreement, Carahsoft will serve as Dremio’s Master Government Aggregator, making the company’s complete cloud and software portfolio for Government, Defense, Intelligence and Education available through Carahsoft’s reseller partners and NASA Solutions for Enterprise-Wide Procurement (SEWP) V, Information Technology Enterprise Solutions – Software 2 (ITES-SW2), National Association of State Procurement Officials (NASPO) ValuePoint, National Cooperative Purchasing Alliance (NCPA) and OMNIA Partners contracts.

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Read: State Of AI In 2024 In The Top 5 Industries

This collaboration paves the way for Public Sector organizations to harness cutting-edge data analytics capabilities which empower them to make smarter decisions and significantly enhance operational efficiency through lightning-fast data access. Dremio propels agencies into the future by embracing a state-of-the-art data lakehouse architecture in Public Sector organizations. By transitioning to Dremio’s solutions, organizations can enjoy sub-second query performance and a remarkable 10-fold improvement in price performance. The new environment eliminates costly and complex legacy data lake solutions and implements a flexible, highly modern architecture.

Dremio provides cost-effective self-service analytics and data management, simplifying data pipelines and ETL complexity while accelerating insights across diverse storage locations. With a proven track record of modernizing legacy Hadoop environments and implementing the modern data lakehouse solution, Dremio and Carahsoft aim to transform Public Sector data management by breaking down data silos. Embracing a data mesh concept enables efficient handling of various data sources, fostering cross- collaboration and decentralized data control. Dremio’s expertise supports Public Sector agencies in implementing these principles, eradicating data silos for a more collaborative and efficient approach to data analytics.

“Public sector organizations face a range of data infrastructure challenges, many of which are common to both Government and non-government entities. These issues often hinder effective data management, analysis, and decision-making,” said Roger Frey, Vice President of Alliances at Dremio. “Dremio’s mission is to make data easily accessible and analyzable for all users, regardless of where it resides. We are excited to partner with Carahsoft to bring our state-of-the-art data analytics solutions to the Public Sector.”

Read: Top 10 Benefits Of AI In The Real Estate Industry

“Within the Public Sector’s intricate data landscape, complexities often impede efficient data management and decision making,” said Laura Howton, Sales Director who leads the Analytics and Data Management Team at Carahsoft. “By adding Dremio to our AI and Machine Learning portfolio, our reseller partners can now provide modern, cost-effective and easily accessible data analytics tools to Government customers, bolstering their modernization efforts.”

Read Top 20 Uses of Artificial Intelligence In Cloud Computing For 2024

 [To share your insights with us, please write to sghosh@martechseries.com

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Navigating the Marketing Landscape in 2024 https://aithority.com/technology/analytics/navigating-the-marketing-landscape-in-2024/ Tue, 02 Jan 2024 06:43:00 +0000 https://aithority.com/?p=555186 Navigating the Marketing Landscape in 2024

The shifting sands of consumer behavior demand the undivided attention of brands and marketers as we head into 2024. My top predictions for the industry in the new year largely underscore the power of technology as it relates to consumer behavior. The following predictions, grounded in industry trends, can serve to shed light on the […]

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Navigating the Marketing Landscape in 2024

The shifting sands of consumer behavior demand the undivided attention of brands and marketers as we head into 2024. My top predictions for the industry in the new year largely underscore the power of technology as it relates to consumer behavior. The following predictions, grounded in industry trends, can serve to shed light on the transformative forces shaping the marketing landscape.

AI Takes Center Stage

In the coming year, Artificial Intelligence (AI) is set to become the backbone of marketing operations, ushering in an era of real-time interactions with consumers. The projected generative AI market size of $1.3 trillion by 2032, according to Bloomberg, underscores its immense potential in reshaping the marketing landscape. Brands that harness the power of AI stand to benefit from enhanced customer engagement and personalized experiences.

CTV Emerges as a Dominant Force

A shift in advertising expenditure is anticipated in 2024, with Connected TV (CTV) poised to overtake traditional TV. The expected 22.4% growth in CTV ad spending, reaching $30.1 billion, (Insider Intelligence | eMarketer) signals a redirection of advertising dollars toward the burgeoning CTV space. Marketers should pay close attention to this trend, recognizing the changing dynamics of consumer attention and adjusting their strategies accordingly.

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Social Media’s Retail Renaissance Continues

Social media’s role in the retail landscape is set to evolve further, with e-commerce projected to account for 23% of global retail sales by 2027, according to Statista. Top retailers are expected to deepen their collaboration with leading platforms and creators to craft seamless, personalized experiences for consumers. This renaissance on social media underscores the importance of a strategic and integrated approach to online retail.

With the new year presenting both challenges and opportunities in the rapidly evolving digital landscape, marketing professionals need to focus on key investment priorities that will shape their strategies and ultimately ensure campaign success. These top investment priorities, according to marketing professionals, can guide brands in navigating the dynamic terrain of consumer behaviors.

First-Party Data Dominance

With 75% of marketers heavily relying on third-party cookies in 2023 according to MarTech, the impending deprecation of third-party cookies by Google has elevated the importance of first-party data. Access to first-party data will be a priority, providing marketers with valuable insights into consumer behavior.

Emphasis on Measurement

Over one-third of marketers are expected to prioritize investments in measurement tools. Brands that identify tools that support strategies like always-on attribution and real-time optimization will be able to maximize reach and increase their likelihood of campaign success in an increasingly data-driven environment.

Omnichannel Solutions for Enhanced Customer Experience

The critical importance of maintaining a presence across various channels is highlighted by a projected 10.1% growth in click-and-collect sales through 2024, according to Insider Intelligence | eMarketer. Omnichannel solutions will significantly impact both the customer experience and Return on Advertising Spend (ROAS).

These 2024 predictions and priorities can serve as a roadmap for marketers, providing them with a foundation for strategic planning and long-term campaign success in the year to come.

Read More: 10 AI In Energy Management Trends To Look Out For In 2024

[To share your insights with us, please write to sghosh@martechseries.com]

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Key Takeaways Of Global AI Conclave 2023 https://aithority.com/ai-machine-learning-projects/key-takeaways-of-global-ai-conclave-2023/ Sun, 24 Dec 2023 18:40:10 +0000 https://aithority.com/?p=553421

An unprecedented gathering of AI pioneers, experts, and fans, the Global AI Conclave 2023 was co-hosted by CNBC-TV18 and Moneycontrol. On December 16, the JW Mariott in Bengaluru hosted the conclave, which had 15 or more sessions moderated by prominent figures in artificial intelligence (AI) from India and throughout the world. So far, this is […]

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An unprecedented gathering of AI pioneers, experts, and fans, the Global AI Conclave 2023 was co-hosted by CNBC-TV18 and Moneycontrol. On December 16, the JW Mariott in Bengaluru hosted the conclave, which had 15 or more sessions moderated by prominent figures in artificial intelligence (AI) from India and throughout the world. So far, this is what has transpired throughout the event.

The New Delhi proclamation, which is a component of the Global Partnership on Artificial Intelligence (GPAI), has been enthusiastically supported by representatives from twenty-eight nations. Taking advantage of AI while minimizing its drawbacks is the main goal. The declaration brings attention to several AI-related issues, such as the following: fighting disinformation and misinformation; resolving concerns about unemployment; guaranteeing transparency and fairness; protecting intellectual property and personal data; and avoiding dangers to human rights and democratic principles.

Read: Top 10 Benefits Of AI In The Real Estate Industry

Prominent Personalities At The Conclave

  • Andrew Ng, one of the most influential voices in the world of artificial intelligence
  • Rajeev Chandrasekhar, the Union Minister of State for Electronics and Information Technology, India.
  • Sridhar Vembu (Founder & CEO, Zoho)
  • Sharad Sharma (Co-founder, iSPIRT Foundation)
  • Swapna Bapat, VP of Product Marketing at Palo Alto Networks
  • Andrew Feldman, Founder & CEO of Cerebras Systems
  • Vivek Raghavan, Founder of Sarvam AI
  • Chris Miller, author of Chipwar

Andrew Ng Thoughts

According to Andrew Ng, a prominent figure in the field of artificial intelligence, India has all the makings of a world leader in the emerging but quickly expanding industry. The country’s high rate of AI skill penetration and the immense interest in the technology are the reasons behind this.

Among the 90,000 students enrolled in Coursera’s generative AI course in the first month, Ng stated that 20,000 came from India, making it the country with the second-fastest enrollment rate. According to him, this shows how much and how concentrated the interest in artificial intelligence is in the country.

Read 10 AI In Manufacturing Trends To Look Out For In 2024

Ng further referenced a report from Stanford University’s AI Index that, according to data compiled by LinkedIn, ranks India as the country with the greatest penetration rates of AI skills, surpassing even the US.

While information is still being spread at a rapid pace, Ng—who had previously established the Google Brain research lab in 2011—mentioned that this has led to numerous other pockets of quickly increasing talent in nations like the UAE, China, France, and the UK.

Rajeev Chandrasekhar Thoughts

While pleading for a worldwide framework that governs AI without demonizing it, Rajeev Chandrasekhar, the Union Minister of State for Electronics and Information Technology, referred to artificial intelligence as the “greatest invention of our time” on Saturday, December 16. After ChatGPT, there was a noticeable movement toward a more nuanced and safety-centric approach, which Chandrasekhar emphasized as a seismic shift in world attitudes. To use AI for good while avoiding its dangers is a fine balancing act, which is in line with Chandrasekhar’s opinion.

India’s Role in Promoting Collaborative AI

Everyone in the AI community and beyond was enthused by the success and impact of the 2023 Global AI Conclave. In addition to discussing AI-related topics and prospects, the conclave offered some specific, doable suggestions for future collaboration and action. Important points discussed during the conference included:

AI has the potential to be a game-changer, but it also presents certain dangers and difficulties that must be handled with caution and responsibility.
– An interdisciplinary and stakeholder-driven strategy is necessary because there is no silver bullet in this varied and ever-changing area.
-When implemented properly and fairly, artificial intelligence (AI) is not a zero-sum game, but rather a win-win opportunity that may benefit everyone.
– This is not some faraway idea; rather, it is a concrete, actual thing that has an impact on and influences our daily lives and choices.

An important turning point in the history of artificial intelligence (AI) innovation and international cooperation was the 2023 Global AI Conclave, which took place in India. At the conclave, it was clear that India is more than just a user of artificial intelligence; the country is also at the forefront of AI development and has something special to offer the international community. Inspiring and motivating attendees and participants joined the AI revolution and shape the future they see, the conclave left a lasting impression.

Read: 4 Common Myths Related To Women In The Workplace

[To share your insights with us, please write to sghosh@martechseries.com]

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LexisNexis Risk Classifier Available for Supplemental Group Life Insurance Market https://aithority.com/technology/lexisnexis-risk-classifier-available-for-supplemental-group-life-insurance-market/ Thu, 21 Dec 2023 10:14:51 +0000 https://aithority.com/?p=553890 LexisNexis Risk Classifier Available for Supplemental Group Life Insurance Market

Advanced supplemental group life insurance underwriting solution offers quicker, more accurate risk profiles to help individuals seeking additional life insurance coverage. LexisNexis Risk Solutions, a leading data, analytics and technology provider, announced the availability of LexisNexis Risk Classifier for the supplemental group life insurance market. The advanced solution optimizes the supplemental group life underwriting process, providing […]

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LexisNexis Risk Classifier Available for Supplemental Group Life Insurance Market

Advanced supplemental group life insurance underwriting solution offers quicker, more accurate risk profiles to help individuals seeking additional life insurance coverage.

LexisNexis Risk Solutions, a leading data, analytics and technology provider, announced the availability of LexisNexis Risk Classifier for the supplemental group life insurance market. The advanced solution optimizes the supplemental group life underwriting process, providing insurers with a risk score that corresponds to an insured’s risk profile rather than invasive requirements, making the application process easier and faster to help ensure more consumers can access the life insurance they need.

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LexisNexis Risk Classifier aggregates long-standing data sources, including motor vehicle records, public records and credit attributes, to provide added insights to assist underwriters in making confident and swifter decisions based on mortality risk. In addition to providing a single score in real time, the predictive model provides the critical context and reason codes behind the score. In today’s world where data privacy is so critical, LexisNexis Risk Solutions maintains as our utmost priority data privacy standards and the responsible use of information, such as following the governance of the Fair Credit Reporting Act (FCRA), helping ensure consumers have the transparency they need into their personal information.

Underwriters can use Risk Classifier to make a more accurate risk assessment and eliminate the need for an applicant to undergo traditional underwriting requirements such as medical testing, helping to lessen applicant frustration and decreasing the dropout rate. According to Due.com, up to 20% of applicants are known to disengage from the process when underwriters request additional requirements and expand decision timelines.

“With employees often choosing supplemental life insurance benefits to provide their families with the right coverage for their personal needs, group life insurance carriers need a more accurate risk assessment based on predictive and valuable data, and an optimized underwriting process to help deliver the best experience,” said Debra Gangelhoff, vice president and general manager, life insurance, LexisNexis Risk Solutions. “LexisNexis Risk Classifier helps equip insurers with better risk differentiation and allows consumers to navigate the supplemental life insurance enrollment more easily.”

Key features of LexisNexis Risk Classifier include industry-leading data sets, a streamlined and advanced model to reduce the need for lengthy initial interviews, and configurable segmentation options and reason codes to determine risk classes. LexisNexis Risk Classifier is a multivariate model that uses different attributes associated to an applicant that are both good and bad for mortality to calculate the risk score. When looking at the attributes one at a time, the solution shows relative risk mortality decreases, for instance, by 39% if an individual owns one or more properties or the risk is more than 2.5 times higher when an individual has a DUIi.

AiThority.com AI ML Trends: 10 AI In Manufacturing Trends To Look Out For In 2024

“With year-end signaling the start of the busy open enrollment season that includes significant responsibilities into January 2024 for human resource professionals, health insurance representatives, and group life underwriters and actuaries, life insurers can improve their workflow with one streamlined and integrated model,” said Gangelhoff. “This can give life insurers confidence in their decisions as technological advancements continue to usher in change across the industry.”

Top AI ML News: LILT Announces Enterprise AI Controls and In-App Multimodal Translation

[To share your insights with us, please write to sghosh@martechseries.com]

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Kraken Acquires Sennen to Improve Renewable Asset Management Capabilities https://aithority.com/technology/kraken-acquires-sennen-to-improve-renewable-asset-management-capabilities/ Wed, 20 Dec 2023 17:18:43 +0000 https://aithority.com/?p=553803 Kraken Acquires Sennen to Improve Renewable Asset Management Capabilities

Adding Sennen’s technology to its stack will improve Kraken’s ability to manage renewable energy assets Bristol, England-based Sennen’s team to join Kraken Technologies Acquisition increases Kraken’s contracted assets to 36 GW Kraken, the fastest growing software provider for the energy industry globally, announces the acquisition of Sennen, a provider of advanced software for the delivery […]

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Kraken Acquires Sennen to Improve Renewable Asset Management Capabilities
  • Adding Sennen’s technology to its stack will improve Kraken’s ability to manage renewable energy assets

  • Bristol, England-based Sennen’s team to join Kraken Technologies

  • Acquisition increases Kraken’s contracted assets to 36 GW

Kraken, the fastest growing software provider for the energy industry globally, announces the acquisition of Sennen, a provider of advanced software for the delivery and operation of large-scale renewable energy generation.

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Read: Riding on the Generative AI Hype, CDP Needs a New Definition in 2024

Kraken Technologies is part of Octopus Energy Group. Its tech platform, Kraken, connects up all parts of the energy system, from customer billing to flexible management of renewable generation and energy devices. It is also revolutionizing service for other utilities such as water and broadband.

Kraken allows for extended analytics, real-time monitoring, optimization and control of energy devices, such as solar and wind generation, batteries, heat pumps and electric cars, and enables companies to drive efficiency and meet important net-zero targets.

The Sennen software uses the latest cloud technology to streamline oversight, maintenance and daily operation of renewable energy projects. Joining forces with Sennen will enhance Kraken’s asset management offering, allowing it to develop more innovative products and services.

The acquisition of Sennen will increase Kraken’s contracted energy generation and storage assets sixfold, growing them from 6.5 GW to 36 GW. It also marks the first time the platform will be managing offshore wind farms.

Players in asset management have traditionally relied on legacy systems, lacking the bleeding-edge tech that modern renewable energy operations demand. Sennen’s in-depth maintenance and analytics platform supports thousands of sites including offshore wind farms, solar farms and grid scale batteries.

Sennen’s talented team has extensive experience and a strong reputation in its field. Its 25 employees will move over to the Kraken family and continue to work from their office in Bristol.

Read : AI And Cloud- The Perfect Match

Kraken is currently contracted to manage over 6.5 GW across over 140,000 green energy assets in 12 countries.

Devrim Celal, CEO of Kraken, comments: “This acquisition is a game-changer for us as we continue to disrupt the renewable energy landscape. Sennen’s expertise and innovative solutions perfectly complement our mission to provide efficiency and scalability to asset managers. We are excited to join forces with Sennen’s talented team to turbocharge the move to a cleaner, cheaper energy world.”

Gaby Amiel, CEO of Sennen Tech Ltd, comments: “Our energy system needs to be completely rethought and rewired in order to operate free from fossil fuels. With renewable energy capacity set to triple globally, Sennen’s focus on meeting the challenges faced by renewable project owners will be of increasing importance. Kraken is at the absolute vanguard of technology enabling the energy transformation. Together, we have the technology to unlock tremendous value for our customers.”

Sennen was advised by Roxburgh Milkins who are based in Bristol.

Sennen was founded by Gaby Amiel and Paul Grimshaw in 2017 with the aim of creating high performance software specifically for managing renewable energy assets. It is a 25-strong team, mostly based in Bristol, UK. Clients include leading renewable energy companies RWE and EDF Renewables and investment manager Foresight Group.

Read: AI and Machine Learning Are Changing Business Forever

[To share your insights with us, please write to sghosh@martechseries.com]

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AWS Launches Second Infrastructure Region in Canada https://aithority.com/machine-learning/aws-launches-second-infrastructure-region-in-canada/ Wed, 20 Dec 2023 13:49:54 +0000 https://aithority.com/?p=553716

With the launch of the new AWS Canada West (Calgary) Region, AWS becomes the first major cloud services provider to have an infrastructure region in Western Canada AWS Canada West (Calgary) Region provides customers with more options to run workloads with even greater resilience and availability, securely store data in Canada, and serve end users […]

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With the launch of the new AWS Canada West (Calgary) Region, AWS becomes the first major cloud services provider to have an infrastructure region in Western Canada

AWS Canada West (Calgary) Region provides customers with more options to run workloads with even greater resilience and availability, securely store data in Canada, and serve end users with even lower latency

New AWS economic impact study estimates that AWS will invest more than $17.9 billion (approx. CA $24.8 billion) in its infrastructure in Canada through 2037, and support an average of more than 9,300 full-time equivalent jobs annually

Active customers in Canada include Bell Canada, BlackBerry, Calgary Sports and Entertainment, CI Financial, Keyera, Kidoodle.tv, KOHO Financial, Maple Leaf Sports & Entertainment (MLSE), the National Hockey League (NHL), Natural Resources Canada (NRCan), Neo Financial, Nutrien, RBC, SECURE, Sun Life, TELUS, University of Calgary, and many others innovating on AWS.

Amazon Web Services (AWS), an Amazon.com, Inc. company announced the launch of its second AWS infrastructure Region in Canada—the AWS Canada West (Calgary) Region. Starting .developers, startups, entrepreneurs, and enterprises, as well as government, education, and nonprofit organizations, will have greater choice for running their applications and serving end users from AWS data centers located in Canada. Customers will also have access to advanced AWS technologies, including data analytics, security, machine learning (ML), and artificial intelligence (AI), to drive innovation. AWS also released a new economic impact study highlighting that the company is planning to invest an estimated $17.9 billion (approximately CA $24.8 billion) in Canada through 2037 via the new AWS Canada West (Calgary) Region and the existing AWS Canada (Central) Region in Quebec. For more information about AWS Global Infrastructure,

Read: Riding on the Generative AI Hype, CDP Needs a New Definition in 2024

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“With the launch of a second AWS Region in Canada, this provides us more flexibility, reliability, and security to unlock more opportunities to engage our fans across Canada and the world to better understand and enjoy the game.”

“With the launch of the AWS Canada West (Calgary) Region, customers and partners across Canada now have additional infrastructure to deploy applications with greater resilience, availability, and lower latency, while enabling more customers to innovate with advanced technologies like artificial intelligence to help fuel economic development across the country,” said Prasad Kalyanaraman, vice president of Infrastructure Services at AWS. “AWS is committed to helping organizations of all sizes and across all industries increase agility and drive innovation. We are proud to deepen our investment by driving local job creation, building cloud skills, and creating opportunities for growth and collaboration with our local customers and AWS Partners.”

“Our government is committed to positioning our domestic industries for long-term growth and sustainability. The powerful digital infrastructure being established by Amazon Web Services near Calgary, Alberta will support Canadian developers, startups, large enterprises and academic institutions in their work by enabling access to AWS’s powerful advanced cloud technologies,” said The Hon. François-Philippe Champagne, Minister of Innovation, Science and Industry, Government of Canada. “This means faster and more reliable access to cloud services to support computing, storage, networking, analytics, artificial intelligence, mobile, hybrid, media, and security, which helps to secure well-paying jobs across many new industries.”

“Alberta has one of the fastest growing tech markets in North America and is an internationally recognized hub of tech innovation,” said the Hon. Nate Glubish, Minister of Technology and Innovation for the Government of Alberta. “The establishment of an Amazon Web Services infrastructure Region near Calgary further strengthens our information technology sector and supports businesses and public sector organizations while helping to attract the best-in-class talent.”

With the launch of the AWS Canada West (Calgary) Region, AWS has 105 Availability Zones across 33 geographic regions, with announced plans to launch 12 more Availability Zones and four more AWS Regions in Malaysia, New Zealand, Thailand, and the AWS European Sovereign Cloud. The AWS Canada West (Calgary) Region consists of three Availability Zones and joins the existing AWS Canada (Central) Region, which opened in December 2016. AWS Regions are composed of Availability Zones that place infrastructure in separate and distinct geographic locations. Availability Zones are located far enough from each other to support customers’ business continuity, but near enough to provide low latency for high availability applications that use multiple Availability Zones. Each Availability Zone has independent power, cooling, and physical security and is connected through redundant, ultra-low-latency networks. AWS customers focused on high availability can design their applications to run in multiple Availability Zones to achieve even greater fault tolerance.

Read the Latest blog from us: AI And Cloud- The Perfect Match

AWS also released an economic impact study estimating the company’s projected spending on the construction and operation of its two AWS infrastructure Regions in Canada will support an average of more than 9,300 full-time equivalent (FTE) jobs at external businesses annually, with a planned investment of more than $17.9 billion (approx. CA $24.8 billion) through 2037. The new AWS Canada West (Calgary) Region, specifically, is estimated to support an average of more than 1,300 FTE jobs annually, and AWS plans to invest more than $2.9 billion (approx. CA $4 billion) in Alberta through 2037. These jobs, including construction, facility maintenance, engineering, telecommunications, and others within the country’s broader economy, will be part of the AWS supply chain in Canada. In addition, the construction and operation of the two AWS infrastructure Regions is estimated to generate more than $31 billion (approx. CA $43.02 billion) in gross domestic product (GDP), and the new AWS Canada West (Calgary) Region is estimated to add about $4.1 billion (CA $5.62 billion) to Canada’s GDP through 2037.

Customers and AWS Partners welcome the AWS Canada West (Calgary) Region

Tens of thousands of Canadian organizations are among the millions of active customers using AWS around the world. Large and small enterprises in Canada choose AWS to innovate, drive cost efficiencies, and accelerate time to market. Customers in Canada using AWS to build their businesses and rapidly scale nationally and around the world include Bell Canada, BlackBerry, BrainBox AI, Calgary Sports and Entertainment, CI Financial, Good Chemistry, Keyera, Kidoodle.tv, KOHO Financial, Maple Leaf Sports & Entertainment (MLSE), the National Hockey League (NHL), Neo Financial, Nutrien, RBC, SECURE, STEMCELL Technologies, Strathcona Resources, Sun Life, and TELUS. Public sector organizations that use AWS to transform the services delivered to Canadians include AlayaCare, the College of Physicians and Surgeons Alberta (CPSA), Natural Resources Canada (NRCan), the University of Alberta, the University of Calgary, WELL Health, and several groups within the Department of National Defence and Canadian Armed Forces.

Bell Canada, a leading Canadian technology services and digital media company, is leveraging AWS capabilities to develop and scale innovative apps and to revolutionize how subscribers engage with its services and content. “Bell’s purpose is to advance how Canadians connect with each other and the world,” said Petri Lyytikainen, VP of Enterprise Architecture, Cloud and Data Platforms at Bell Canada. “This collaboration reinforces our commitment to business resilience and fosters next-generation service innovations for both consumer and business customers across Canada.”

CI Financial is a diversified global asset and wealth management corporation operating primarily in Canada, Australia, and the United States. The company manages and advises on approximately $420.7 billion in client assets. “We moved to AWS to improve our customer service, optimize business performance, and promote company-wide growth through the acquisition of new clients,” said Ravi Kishore, director, Cloud Platform Engineering & Operations, CI Financial. “With our strategic business applications now running on AWS, we’re developing new products faster than before, and leveraging our data to drive business decisions – continuously adapting to our customers’ evolving needs and enhancing their experience. The new AWS Region near Calgary will help us further advance our operations with real-time analytics, while keeping all data in-country.”

KOHO Financial (KOHO) is a Vancouver-based fintech company that is democratizing access to personal finance solutions by offering Canadians accessible, affordable spending and savings products. KOHO’s core business applications were born on AWS, and the company uses AWS’s AI and machine learning services in several areas of its operations. “The new AWS Region near Calgary will deliver several benefits for our business, including having a failover region in-country so we can provide improved resiliency and reduced latency to our users,” said Jonathan Klein, chief technology officer, KOHO.

The National Hockey League is the premiere hockey league in the world and has been using AWS as its official cloud infrastructure provider to help analyze the details of the game for hockey fans, teams, and media partners. The NHL uses AWS artificial intelligence, machine learning, and more for its advanced analytic derivatives, NHL EdgeIQ powered by AWS. “AWS is an industry leader in its portfolio of cloud services, helping to enable us to bring our fans closer to the game on the ice, while giving every team, official, and media partner advanced analysis of the game faster than ever before,” said Dave Lehanski, NHL executive vice president, Business Development and Innovation. “With the launch of a second AWS Region in Canada, this provides us more flexibility, reliability, and security to unlock more opportunities to engage our fans across Canada and the world to better understand and enjoy the game.”

SECURE is a leading environmental waste management and energy infrastructure company with an extensive network of waste processing facilities, landfills, metal recycling facilities, fluid management facilities, gathering pipelines, and terminals in Western Canada and the United States. “We’ve been working with AWS since 2021 to evaluate how SECURE uses analytics to provide a best-in-class customer experience, while solving challenges our industry faces every day,” said Marvin Wong, vice president, Business Intelligence, Technology and Security at SECURE. “Leveraging AWS artificial intelligence and machine learning services like Amazon SageMaker and Amazon Forecast allows us to reduce time required to turn imagining into reality. In turn, SECURE and our customers can approach complex problems with agility to improve efficiency, sustainability, and provide solutions to optimize waste management. The data residency and lower latency provided by the AWS Canada West (Calgary) Region will allow SECURE to further our use of real-time data, helping us and our customers continue to challenge what is possible to create a more connected and efficient industry.”

STEMCELL Technologies is Canada’s largest biotech company, which manufactures and distributes more than 2,500 scientific products to labs globally. STEMCELL relies on AWS to scale its operations, optimize costs, and increase the speed of innovation to better serve its life science customers. “Technology is at the core of our company’s ongoing digital transformation and long-term growth,” said John Lilleyman, chief information officer at STEMCELL. “We moved to AWS in 2010 to help us focus our efforts on supporting science at a hyperscale level. As a result, teams spent less time on infrastructure and maintenance, and more time on innovating. The addition of this second AWS Region in Canada will help us to further improve the resilience of our critical workloads and help ensure we provide our employees, the majority of whom are based in Greater Vancouver, a low latency user experience.”

Sun Life is a leading international financial services organization providing asset management, wealth, insurance and health solutions to individual and institutional clients. “We’ve been on a journey to be a digital leader so we can help our clients achieve lifetime financial security and live healthier lives,” said Laura Money, EVP and chief information and technology innovation officer at Sun Life. “The launch of a second AWS Region in Canada is a critical step that will help us ensure greater resilience, stability and scalability so we can better support our clients across Canada.”

TELUS, a leading communications technology company, is collaborating with AWS to simplify and transform the smart living experience. The TELUS smart living solution leverages AWS’s portfolio of cloud, Internet of Things (IoT), AI and ML services, and support multiple IoT protocols, to help create automation experiences across consumers’ connected devices. “In partnership with AWS, TELUS is transforming the connected home experience with the world’s first device-agnostic connected home solution that simplifies the installation, setup, and management of all of your connected devices,” said Garry Gross, vice president of Platform and Systems Development at TELUS. “The addition of the AWS Canada West (Calgary) Region, combined with the AWS Canada (Central) Region ensures our customers enjoy a higher level of resilience and availability necessary to support this hyper-personalized smart home experience.”

The AWS Partner Network (APN) includes tens of thousands of independent software vendors (ISVs) and systems integrators (SIs) around the world. AWS Partners build innovative solutions and services on AWS, and the APN helps by providing business, technical, marketing, and go-to-market support to customers. AWS ISVs, technology partners, SIs, and consulting partners help enterprise and public sector customers migrate to AWS, deploy mission-critical applications, and provide a full range of monitoring, automation, and management services for customers’ cloud environments. AWS Partners in Canada include Accenture, Autoverse, CGI, Cofomo, Cohere, CrowdStrike, Datadog, Databricks, Deloitte, ESTI, Forrest Green, Insight, IT2Go, Kidoodle.TV, Kyndryl (ISM), IBM, Levio, OnX, OpsGuru, Rackspace, SentinelOne, Slalom, SmartSimple, Splunk, Softchoice, TELUS, Trend Micro, Qalius, Quantiphi, Veeam, Visier, Zscaler, and many others.

CGI, an AWS Advanced Tier Services Partner and leading managed services provider, is among the largest IT and business consulting services firms in the world. “CGI welcomes this significant investment by AWS in adding a second Region to the Canadian market,” says Dean Bosch, senior vice president for Western Canada at CGI. “The new AWS Region near Calgary will empower clients with data residency preferences to securely store data in Canada, while providing even lower latency across the country and more flexibility to run applications across multiple Regions. Our partnership with AWS enables CGI and our clients to provide greater experiences and outcomes for Canadians.”

Enabling Canada’s workforce

AWS continues to invest in upskilling developers, students, and the next generation of IT leaders in Canada with sought-after cloud skills through programs like AWS Academy and AWS Educate, which provide free resources to accelerate cloud-related learning and prepare students for the jobs of the future. Numerous Canadian universities and business schools, including Athabasca University, Bow Valley College, Concordia University of Edmonton, Humber College, McMaster University, Queen’s University, Red River College Polytechnic, and Université de Sherbrooke, participate in these programs. AWS also offers a free full-time, classroom-based skills development and training program, AWS re/Start, to prepare individuals for careers in the cloud and connect them to potential employers. In 2022, AWS teamed up with Calgary’s Mount Royal University to launch AWS re/Start for displaced oil and gas workers, and with Momentum, a Calgary-based not-for-profit, to bring more women into the tech workforce. AWS also launched the AWS Fiber Optic Fusion Splicing Certificate Course, a two-day training course on fiber optic installation and repair, offered at no cost to participants, to create a pipeline of qualified talent for local and national fiber optic installation and repair companies. Since 2017, AWS has trained more than 200,000 Canadians on cloud computing skills as part of Amazon’s commitment to train 29 million people around the world for free on cloud and technical skills by 2025.

The University of Calgary is a top research university and Canada’s leading start-up creator. Across five campuses, UCalgary fosters an innovative learning environment for its 35,000 students, made rich by research, hands-on experiences and entrepreneurial thinking. “At the University of Calgary, we are committed to equipping our researchers, students, and staff with the tools they need to create new knowledge and research that will change the world,” says Dr. Robert Thompson, Ph.D., associate vice president (Research) and director of Research Services at the University of Calgary. “By working with AWS, we can offer our faculty, postdocs, staff, and students access to cutting-edge virtual learning environments, artificial intelligence, machine learning, data and analytics, and high-performance computing technology that helps accelerate discovery. Already, AWS has helped expand our research capacity in areas ranging from biomedical engineering, to geomatics, to quantum computing. Having this new Region in close proximity will allow us to further harness the tremendous potential of the AWS cloud and advance our research and innovation ecosystem.”

Commitment to sustainability

Amazon is committed to becoming a more sustainable business and reaching net-zero carbon across its operations by 2040, 10 years ahead of the Paris Agreement, as part of The Climate Pledge. Amazon co-founded The Climate Pledge and became its first signatory in 2019. As part of its Climate Pledge commitment, Amazon is on a path to power its operations with 100% renewable energy by 2025, five years ahead of the original 2030 target. See Amazon’s public methodology for more on its approach. In 2022, Amazon set a new corporate record for the most renewable energy announced by a single company in one year and remains the largest corporate buyer of renewable energy—a position it’s held since 2020, according to Bloomberg New Energy Finance. Amazon now has 479 renewable energy projects in 26 countries. Additionally, AWS will be water positive by 2030, returning more water to communities than it uses in its direct operations.

With a total of four renewable energy projects in Canada, Amazon is currently the largest corporate purchaser of renewable energy in the country, according to Bloomberg NEF. Once operational, the projects will generate more than 2.3 million megawatt hours (MWH) of clean energy – enough to power 1.69 million Canadian homes. Amazon recently announced its first wind farm in Vulcan County, Alberta, and has previously invested in two solar farms, as well as a rooftop solar energy project at an Amazon delivery station in Nisku, Alberta. Amazon’s solar and wind projects are also helping benefit the local economy in Canada. New economic data from Amazon shows the company’s investments in utility-scale renewable energy projects generated an estimated CA $478 million in local economic investment, and contributed CA $206 million in total gross domestic product (GDP) from 2014 through 2022. These projects will contribute to powering Amazon’s global infrastructure.

Read: AI and Machine Learning Are Changing Business Forever

[To share your insights with us, please write to sghosh@martechseries.com]

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Healthcare Digital Engagement Status Update: mPulse Acquires HealthTrio and Decision Point https://aithority.com/machine-learning/healthcare-digital-engagement-status-update-mpulse-acquires-healthtrio-and-decision-point/ Wed, 20 Dec 2023 11:38:56 +0000 https://aithority.com/?p=553638 Healthcare Digital Engagement Status Update: mPulse Acquires HealthTrio and Decision Point

mPulse, a leader in conversational AI and digital engagement solutions for the healthcare industry,announced the acquisition of HealthTrio and Decision Point Healthcare Solutions, marking a significant milestone in the company’s growth and commitment to enhancing the healthcare consumer experience. Read 10 AI In Manufacturing Trends To Look Out For In 2024 “By integrating the capabilities of […]

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Healthcare Digital Engagement Status Update: mPulse Acquires HealthTrio and Decision Point

mPulse, a leader in conversational AI and digital engagement solutions for the healthcare industry,announced the acquisition of HealthTrio and Decision Point Healthcare Solutions, marking a significant milestone in the company’s growth and commitment to enhancing the healthcare consumer experience.

Read 10 AI In Manufacturing Trends To Look Out For In 2024

“By integrating the capabilities of mPulse, HealthTrio and Decision Point, we are now positioned to provide organizations with the ability to understand the needs of their population, design effective outcome improvement programs, and to efficiently operate those programs via advanced omni-channel communications.”

The strategic acquisition of HealthTrio, a leading provider of comprehensive health management and member engagement solutions, and Decision Point, an innovative analytics and member experience optimization company, positions mPulse as a full-service member engagement, analytics, and activation platform for healthcare organizations. The acquisitions reinforce mPulse’s commitment to revolutionizing patient and member engagement while improving health outcomes.

“This combination aligns with our vision to make it easier for healthcare organizations to engage and align with their members, brokers, and providers,” said Bob Farrell, CEO of mPulse. “By integrating the capabilities of mPulse, HealthTrio and Decision Point, we are now positioned to provide organizations with the ability to understand the needs of their population, design effective outcome improvement programs, and to efficiently operate those programs via advanced omni-channel communications.”

“We are excited to join forces with mPulse and Decision Point to combine our strengths to create a more connected and engaging healthcare ecosystem,” said Dominic Wallen, CEO of HealthTrio. “We believe the digital health solutions that we provide to empower consumers, providers and health plans will get exponentially better through this combination of industry-leading technologies. It also creates new opportunities for our customers, partners and employees.”

This synergy will offer healthcare organizations a holistic approach to omni-channel engagement as well as member experience and quality improvement. Farrell added, “the combined company will have meaningful scale to further invest in enhancing the products and solutions we provide to our combined base of ambitious customers.”

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“The combination of Decision Point with mPulse and HealthTrio will unlock quality and cost opportunities for our clients and partners,” said Saeed Aminzadeh, CEO of Decision Point. “Our AI-powered analytics platform in combination with the rich consumer data held across HealthTrio and mPulse’s digital solutions will accelerate the development and delivery of innovative programs that healthcare organizations can offer to their populations.”

The transactions were supported by PSG, mPulse’s current majority investor, along with investments from other existing shareholders and current management from all three companies. “The acquisitions of HealthTrio and Decision Point advance mPulse’s leadership in digital health and enabling health consumerism, which are major areas of focus for payers and providers,” said Marco Ferrari, Managing Director at PSG. Reid McCann, Principal at PSG added, “We look forward to helping mPulse accelerate their mission to drive a more meaningful member experience and improve health outcomes. The expansion of the mPulse platform further positions the company for growth across a variety of healthcare and life sciences customers.”

Read: AI and Machine Learning Are Changing Business Forever

[To share your insights with us, please write to sghosh@martechseries.com]

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University of Stuttgart and Hewlett Packard Enterprise to Build Exascale Supercomputer https://aithority.com/machine-learning/university-of-stuttgart-and-hewlett-packard-enterprise-to-build-exascale-supercomputer/ Wed, 20 Dec 2023 11:06:51 +0000 https://aithority.com/?p=553629 University of Stuttgart and Hewlett Packard Enterprise to Build Exascale Supercomputer

Supercomputers “Hunter” and “Herder” will power cutting-edge academic and industrial research in computational engineering and the applied sciences The University of Stuttgart and Hewlett Packard Enterprise have announced an agreement to build two new supercomputers at the High-Performance Computing Center of the University of Stuttgart (HLRS). Read 10 AI In Manufacturing Trends To Look Out For […]

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University of Stuttgart and Hewlett Packard Enterprise to Build Exascale Supercomputer

Supercomputers “Hunter” and “Herder” will power cutting-edge academic and industrial research in computational engineering and the applied sciences

The University of Stuttgart and Hewlett Packard Enterprise have announced an agreement to build two new supercomputers at the High-Performance Computing Center of the University of Stuttgart (HLRS).

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Read 10 AI In Manufacturing Trends To Look Out For In 2024

“Supporting cutting-edge science while maximizing energy efficiency is a central concern for everyone at the University of Stuttgart. Hunter and Herder constitute a decisive reaction to the challenges of limiting CO2 emissions, and Herder will deliver not only dramatically higher computing performance but also excellent energy performance.”

In the first stage, a transitional supercomputer, called Hunter, will begin operation in 2025. This will be followed in 2027 with the installation of Herder, an exascale system that will provide a significant expansion of Germany’s high-performance computing (HPC) capabilities. Hunter and Herder will offer researchers world-class infrastructure for simulation, artificial intelligence (AI), and high-performance data analytics (HPDA) to power cutting-edge academic and industrial research in computational engineering and the applied sciences.

The total combined cost for Hunter and Herder is €115 million. Funding will be provided through the Gauss Centre for Supercomputing (GCS), the alliance of Germany’s three national supercomputing centers. Half of this funding will be provided by the German Federal Ministry of Education and Research (BMBF), and the second half by the State of Baden-Württemberg’s Ministry of Science, Research, and Arts.

Hunter to Herder: a two-step climb to exascale

Hunter will replace HLRS’s current flagship supercomputer, Hawk. It is conceived as a stepping stone to enable HLRS’s user community to transition to the massively parallel, GPU-accelerated structure of Herder.

Hunter will be based on the HPE Cray EX4000 supercomputer, which is designed to deliver exascale performance to support large-scale workloads across modeling, simulation, AI, and HPDA. Each of the 136 HPE Cray EX4000 nodes will be equipped with four HPE Slingshot high-performance interconnects. Hunter will also leverage the next generation of Cray ClusterStor, a storage system purpose-engineered to meet the demanding input/output requirements of supercomputers, and the HPE Cray Programming Environment, which offers programmers a comprehensive set of tools for developing, porting, debugging, and tuning applications.

Hunter will raise HLRS’s peak performance to 39 petaFLOPS (39*1015 floating point operations per second), an increase from the 26 petaFLOPS possible with its current supercomputer, Hawk. More importantly, it will transition away from Hawk’s emphasis on CPU processors to make greater use of more energy-efficient GPUs.

Hunter will be based on the AMD Instinct™ MI300A accelerated processing unit (APU), which combines CPU and GPU processors and high-bandwidth memory into a single package. By reducing the physical distance between different types of processors and creating unified memory, the APU enables fast data transfer speeds, impressive HPC performance, easy programmability and great energy efficiency. This will slash the energy required to operate Hunter in comparison to Hawk by approximately 80% at peak performance.

Herder will be designed as an exascale system capable of speeds on the order of one quintillion (1018) FLOPS, a major leap in power that will open exciting new opportunities for key applications run at HLRS. The final configuration, based on accelerator chips, will be determined by the end of 2025.

The combination of CPUs and accelerators in Hunter and Herder will require that current users of HLRS’s supercomputer adapt existing code to run efficiently. For this reason, HPE will collaborate with HLRS to support its user community in adapting software to harness the full performance of the new systems.

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Supporting scientific excellence in Stuttgart, Germany, and beyond

HLRS’s leap to exascale is part of the Gauss Centre for Supercomputing’s national strategy for the continuing development of the three GCS centers: The upcoming JUPITER supercomputer at the Jülich Supercomputing Centre will be designed for maximum performance and will be the first exascale system in Europe in 2025, while the Leibniz Supercomputing Centre is planning a system for widescale usage in 2026. The focus of HLRS’s Hunter and Herder supercomputers will be on computational engineering and industrial applications. Together, these systems will be designed to ensure that GCS provides optimized resources of the highest performance class for the entire spectrum of cutting-edge computational research in Germany.

For researchers in Stuttgart, Hunter and Herder will open many new opportunities for research across a wide range of applications in engineering and the applied sciences. For example, they will enable the design of more fuel-efficient vehicles, more productive wind turbines, and new materials for electronics and other applications. New AI capabilities will open new opportunities for manufacturing and offer innovative approaches for making large-scale simulations faster and more energy efficient. The systems will also support research to address global challenges like climate change, and could offer data analytics resources that help public administration to prepare for and manage crisis situations. In addition, Hunter and Herder will be state-of-the-art computing resources for Baden-Württemberg’s high-tech engineering community, including the small and medium-sized enterprises that form the backbone of the regional economy.

Statements

Mario Brandenburg (Parliamentary State Secretary, Federal Ministry for Education and Research, BMBF)

“Funded by the BMBF and the State of Baden-Württemberg, the expansion of the computing infrastructure of the Gauss Centre for Supercomputing at its Stuttgart location is an important step on the road to more computing power for Germany’s research and innovation landscape. The unique concept behind the computing architecture at HLRS will ensure that not just science but also industry, SMEs, and start-ups will have first-class conditions for developing new innovations. This expansion also means increased computing capacity for the development of AI and a strengthening of Germany’s AI infrastructure, in accordance with the federal research ministry’s AI action plan.“

Petra Olschowski (Baden-Württemberg Minister of Science, Research, and Arts)

“High-performance computing means rapid development. As the peak performance of supercomputers grows, they are as crucial for cutting-edge science as for innovative products and processes in key industrial sectors. Baden-Württemberg is both a European leader and internationally competitive in the fields of supercomputing and artificial intelligence. As part of the University of Stuttgart, HLRS thus has a key role to play — it is not just the impressive performance of the supercomputer but also the methodological knowledge that the center has assembled that helps our cutting-edge computational research to achieve breathtaking results, for example in climate protection or for more environmentally sustainable mobility.“

Prof. Dr. Wolfram Ressel (Rector, University of Stuttgart)

“With Hunter and Herder, the University of Stuttgart continues its commitment to high-performance computing as the foundation of its successful excellence strategy. This expansion will especially strengthen Stuttgart’s leading position in research using computer simulation and artificial intelligence.”

Anna Steiger (Chancellor, University of Stuttgart)

“Supporting cutting-edge science while maximizing energy efficiency is a central concern for everyone at the University of Stuttgart. Hunter and Herder constitute a decisive reaction to the challenges of limiting CO2 emissions, and Herder will deliver not only dramatically higher computing performance but also excellent energy performance.”

Prof. Dr. Michael Resch (Director, High-Performance Computing Center Stuttgart)

“HPE has been a reliable partner since 2019, and we are excited to be making the jump with them to the next order of magnitude in computing performance, the exaFLOP. Using GPU technology from AMD, we are also confident that we will be well prepared for the challenges of the future.”

Justin Hotard (Executive Vice President and General Manager, HPC, AI & Labs, Hewlett Packard Enterprise)

“HLRS has demonstrated the power of supercomputing in research and applied science, and we are honored to have been with them on this journey. We look forward to building on our collaboration to pave the way to exascale for HLRS using the HPE Cray EX supercomputer. The new system will enable scientific and technological innovation to accelerate economic growth.”

Mario Silveira (Corporate Vice President OEM Sales, AMD)

”AMD is pleased to expand our collaboration with HLRS in Stuttgart and HPE. We are providing our cutting-edge AMD Instinct™ MI300A datacenter accelerator to the Hunter project, aiming to enhance performance, efficiency, and data transfer speeds. This initiative will establish a state-of-the-art infrastructure tailored for research, AI workloads, and simulations. Anticipated for arrival by 2025, Hunter aligns with HLRS’s ambitious exascale plans for Germany, showcasing our commitment to advancing technological capabilities and fostering innovation together with our partners in the years to come.”

Dr. Bastian Koller (General Manager, HLRS)

“Increasingly it’s not just faster hardware but optimal usage of the system that is the greatest performance factor in simulation and artificial intelligence. We are particularly excited that we have found a globally leading partner for these topics in Hewlett Packard Enterprise, who together with AMD will open up new horizons of performance for our clients.”

Read OpenAI Open-Source ASR Model Launched- Whisper 3

[To share your insights with us, please write to sghosh@martechseries.com]

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beqom Acquires PayAnalytics, Enhancing Leadership in Pay Equity Solutions and Total Compensation https://aithority.com/technology/beqom-acquires-payanalytics-enhancing-leadership-in-pay-equity-solutions-and-total-compensation/ Thu, 14 Dec 2023 13:14:46 +0000 https://aithority.com/?p=552392 beqom Acquires PayAnalytics, Enhancing Leadership in Pay Equity Solutions and Total Compensation

In response to growing market imperatives for pay equity and transparency, the strategic move integrates advanced pay equity analytics with core compensation processes, enabling companies to create a culture of fair pay while complying with global wage fairness regulations beqom, a provider of compensation and performance management solutions, announced it will acquire PayAnalytics, a cutting […]

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beqom Acquires PayAnalytics, Enhancing Leadership in Pay Equity Solutions and Total Compensation

In response to growing market imperatives for pay equity and transparency, the strategic move integrates advanced pay equity analytics with core compensation processes, enabling companies to create a culture of fair pay while complying with global wage fairness regulations

beqom, a provider of compensation and performance management solutions, announced it will acquire PayAnalytics, a cutting edge pay and workplace equity software provider. The global movement toward workplace equality has made it imperative for organizations to address wage gap challenges head on, for both competitive and regulatory reasons. beqom’s acquisition of PayAnalytics means that companies can now embed pay equity into their compensation processes and daily decision-making, to create a culture of fair pay, build on a data-driven compensation strategy, and meet global pay equity regulatory requirements. The acquisition positions beqom uniquely in the market as provider of the most complete advanced total compensation and pay equity solution.

AIThority Predictions Series 2024 bannerThe PayAnalytics solution, designed by a team of data scientists and HR leaders, empowers companies to analyze pay for gender and other forms of demographic fairness, and take appropriate action. Through multivariate regression analysis, it identifies factors influencing pay and proposes remedies for unexplained pay gaps. By delivering these advanced analytic capabilities in the context of a plug-and-play pay equity methodology, PayAnalytics will add the capability to embed instant and always-on pay equity into the real-time compensation processes managed by beqom, supporting data-driven pay decisions for new hires, merit increases, and promotions. beqom’s compensation modeling optimizes the budget impact for pay equity remediation scenarios. Together, the solutions will provide companies with unprecedented abilities to attract and retain talent, drive performance, and optimize costs, while ensuring compliance and reducing risk.

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“Pay equity is no longer a niche area, it’s a business essential, and the focus must go well beyond compliance and risk. Our in-depth research shows that companies that excel in pay equity have higher profitability, greater customer satisfaction, innovate better, and win the war for talent,” says Kathi Enderes, Senior Vice President Research and Global Industry Analyst at The Josh Bersin Company. “Done right, pay equity is not a once-a-year-project but a way to run the company for equity. The right technology is vital because it’s a complex undertaking. Combining the advanced pay equity capabilities of PayAnalytics with beqom’s total compensation platform means that companies can embed a consistent and continuous focus on fair pay in their entire talent lifecycle, helping make their rewards function systemic and accomplishing higher rewards maturity.”

Customers can expect business as usual while having the possibility of benefiting from the expanded range of solution capabilities. Both companies are committed to maintaining the high level of service expected by their customers, while offering them broader and deeper functionality and expertise in compensation and pay equity management., Each will continue to drive product innovation in their respective domains, while tightening the integration between the two suites of products.

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“What distinguished the PayAnalytics solution and team for us was their specialized expertise and sophisticated data approach enabled by a great product. Additionally, the company’s headquarters in Iceland places them strategically with a global perspective, straddling both the EU and the US. This unique positioning gives PayAnalytics an inherently global DNA and mindset, a distinction that beqom, headquartered in Switzerland, can appreciate firsthand,” says Fabio Ronga, beqom CEO and co-founder. “Consequently, PayAnalytics exhibits a deep understanding and proven experience in navigating the complexities of global enterprises dealing with diverse local regulations. These factors serve as key differentiators that set the solution apart from others in the market. We look forward to working with the whole team on keeping PayAnalytics at the forefront of pay equity software solutions, and to bring that expertise to beqom’s customers.”

“We founded PayAnalytics to eliminate the gender pay gap by applying data analytics and arming HR managers with quantitative decision-making tools,” says Sigurjon Palsson, PayAnalytics CEO and co-founder. “We are excited now to join forces with beqom and take pay equity to the next level. By linking those analytics to compensation processes, customers now will be able to close the loop and create a culture of continuous fair pay.”

beqom was founded in 2009 with the mission to help the world’s largest enterprises keep their people motivated and productive through comprehensive, equitable, and transparent performance and rewards. PayAnalytics was founded in 2016 to eliminate the gender pay gap by applying quantitative decision-making tools.

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[To share your insights with us, please write to sghosh@martechseries.com]

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