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Artificial Intelligence

LG shares unique insight at AI summit and LG ThinQ Forum

Niji Narayan

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LG attends the AI Summit in New York, the world’s largest AI event for business to talk about its AI brand, LG ThinQ
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LG, the South Korean business conglomerate, has impressed everybody with its unique insights on the impact of artificial intelligence (AI), presented at the Artificial Intelligence Summit held in New York on December 5–6. The company presented a clear picture of providing considerable insight on the current state of AI technology and its potential impacts on life, both inside and outside the workplace. LG conducted its own LG ThinQ Forum during the summit as well, triggering a lively talk and demonstrating the strength of LG ThinQ, the company’s own AI platform.

Mohammed Ansari, senior vice president and general manager of the LG Silicon Valley Lab, participated along with some global AI experts in a panel discussion titled, The Failures of AI: What is holding AI back from taking off? Realistic approaches on how to deal with some of the common pitfalls. He observed that progress in creating relevant technologies, or lack thereof, is largely determined by specific factors in each sector. He pointed to shortage of data and insufficient knowhow as key issues preventing many companies from advancing and deploying AI solutions.

He said: “Epitomizing the values of ‘Evolve, Connect, Open’, LG ThinQ products are designed to provide a more personalized experience the more they are used, offer a seamless connection for the user both throughout their homes and beyond, and are compatible with different platforms in order to meet the diverse needs and preferences of our customers, making their lives freer and easier. We hope to implement next-generation AI technologies to provide for a fully integrated digital-physical environment,” said Mohammed Ansari, senior vice president and general manager of the LG Silicon Valley Lab.

“The company’s unique strategy is what makes LG ThinQ stand out from the crowd. LG’s innovative AI solutions for the home have the potential to transform daily life for the better. It was a pleasure to be involved in the forum and help communicate the benefits that AI can offer,” added Carley Knobloch, digital lifestyle influencer.

At a time when more fiction is presented as fact about artificial intelligence, such pragmatic and hard-nosed views on AI must be well appreciated.

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Agriculture

Yara and IBM join forces to transform the future of farming

Betty Tűndik

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The Digital Farming Platform, built incorporating world-class IBM technology, will allow Yara to create digital twins of the farmers’ fields and give farmers actionable insights to drive the improvements through advanced analytics, weather data and satellite images.
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Yara and IBM will combine world-class agronomy and cutting-edge technology to develop the world’s leading global digital farming platform.

Yara International (OSE: YAR), a global leader in crop nutrition, and IBM (NYSE: IBM), today announced an agreement to build the world’s leading digital farming platform, providing holistic digital services and instant agronomic advice.

Yara and IBM Services will jointly innovate and commercialize digital agricultural solutions that will help increase global food production by drawing on the two companies’ complementary capabilities: Yara’s unrivalled agronomic knowledge, backed by more than 800 agronomists and a century of experience, and IBM’s digital platforms, services and expertise in artificial intelligence (AI) and data analytics.

The Yara/IBM collaboration is centered around a joint vision to make a real difference in food production

“Our collaboration centers around a common goal to make a real difference in agriculture. To be able to responsibly feed a growing population, it is critical that farmers increase food production on existing farmland to avoid deforestation. Yara and IBM will develop digital solutions that empower professional and smallholder farmers to optimize farming practices to increase yields, crop quality and incomes in a sustainable way,” said Terje Knutsen, EVP Sales and Marketing in Yara.

The joint global digital farming platform will apply artificial intelligence, machine learning and in-field data to unlock new insights for farmers. The digital platform will have worldwide coverage and aspires to reach 100 million hectares of farmland – which is equivalent to twice the size of Spain or close to 7 percent of all arable land worldwide* including millions of smallholder farms.

Yara and IBM work together to deliver the world’s most comprehensive global digital farming platform.

 

“As demand for food rises along with the world’s population, the digital farming platform will play a key role in increasing global farming yields in a sustainable way. The collaboration is a perfect symbiosis of IBM’s capabilities in AI, big data management and blockchain technology and Yara’s agronomic knowledge, farmer-centric digital innovation, and proven track record in improving farming across the globe,” said Luq Niazi, IBM Global Managing Director Consumer Industries.

As a first step, Yara and IBM will establish joint innovation teams, collaborating at digital hubs in EuropeSingapore, the US and Brazil. The teams will work closely with IBM researchers to develop new capabilities, such as visual analytics and machine learning techniques for crop insights. The first services are planned for end 2019.

Advancing the digital frontier of farming

The Yara/IBM partnership will focus on all aspects of farm optimization. One specific area of collaboration will be weather data. The ability to respond optimally to weather conditions is critical for farming. By merging analytical insights from IBM’s Watson Studio, IBM PAIRS technology, The Weather Company and other services, with Yara’s unrivaled crop knowledge and modelling capabilities, the joint platform will not only provide hyperlocal weather forecasts but will in addition give real-time actionable recommendations, tailored to the specific needs of individual fields/crops.

Yara and IBM to deliver the world’s most comprehensive global digital farming platform.

As the joint digital farming platform expands, the teams will explore innovative business solutions to integrate the joint platform into the IBM Food Trust, IBM’s blockchain-enabled network of food chain players. This will allow for greater traceability and supply chain efficiency as well as ways to tackle food fraud, food waste and sustainability. It will firmly link the farm into the full food chain, creating a holistic approach to food production from farm to plate.

The contract was signed in April 2019.

*World Bank, FAO.

SOURCE: IBM

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Artificial Intelligence

Software AG Launches New Digital Transformation Center in Mumbai

Vlad Poptamas

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Dr. Stefan Sigg, Chief Product Officer, Software AG inaugurating the new facility at Virar, Mumbai.
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Leading German enterprise software maker, Software AG (Frankfurt MDAX: SOW) today, announced the launch of its new facility in Virar, Mumbai. Currently, housing 40 employees, the new facility will be a digital transformation center, focused on contributing to cloud innovation along with the future integration products at Software AG.

The facility was initially started by a leading integration platform as a service company, Built.io, that was recently acquired by Software AG. The new center will be one of the key business units of the organisation, as it will provide integration solutions to Fortune 1000 companies that will allow them to transform their business in to the digital age.

Speaking on the launch, Vasudeva Kothamasu, Senior Vice President, Cloud R&D, Software AG, said, “We are excited with the launch of our new facility. We chose Virar as it is an area with a lot of colleges and dwellings, but few work opportunities. This center will allow us to tap skilled talent and offer them opportunities to work on cutting-edge innovation in the cloud domain, enabling us to offer world-class integration solutions to our customers.”

Software AG will also work very closely with the local colleges by delivering seminars and hackathons to mould the new students and keep them in line with the latest and greatest in technology innovations that is used by the industries.

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Artificial Intelligence

Pegasystems Appoints Christopher Lafond to its Board of Directors

Vlad Poptamas

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Christopher Lafond, Pega's newest board member.
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Pegasystems Inc. (NASDAQ: PEGA), the software company empowering digital transformation at the world’s leading enterprises, today announced it has appointed Christopher Lafond to its board of directors. Mr. Lafond brings to Pega more than two decades of executive leadership experience working with large, publicly-traded, multinational companies.

Mr. Lafond, 53, currently serves as chief financial officer and board member for Insurity, a property and casualty insurance technology and services provider. He has deep experience developing and executing long range corporate initiatives while maintaining focus on the business models and strategic objectives that maximize value creation.

Previously, he was executive vice president and chief financial officer of Intralinks, a global leader in secure content collaboration software-as-a-service (SaaS) solutions. Prior to that, Mr. Lafond held a number of executive positions at Gartner, including chief financial officer and executive vice president, where he developed a financial strategy that resulted in a seven-times increase in market cap through the delivery of consistent double-digit organic revenue growth. He has also served as a member of the board for SiriusDecisions.

He holds a B.A. in economics from the University of Connecticut, and an M.B.A. from the Columbia University Graduate School of Business.

Quotes & Commentary:

“Chris’ blend of financial leadership and industry expertise working with large, publicly traded companies makes him ideally positioned to offer fresh perspective on driving successful business strategies,” said Alan Trefler, founder and CEO, Pegasystems. “We look forward to his contributions as Pega continues to grow and innovate.”

“As a key driver behind many of the world’s foremost organizations’ digital transformation success stories, Pega has proven itself to be an industry leader,” said Mr. Lafond. “I am excited to work with the management team and fellow board members to contribute to such an innovative company and its clients.”

 

SOURCE Pegasystems Inc.

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