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News from World Summit AI 2019 – Axionable Opens an Artificial Intelligence Research Lab in Montréal

Vlad Poptamas

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Photo source: worldsummit.ai
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France-based Axionable, which specializes in data and artificial intelligence (AI) strategies for business, is taking advantage of Co-founder and CEO’s Gwendal Bihan’s presence at the World Summit AI to announce the opening of a laboratory in Montréal. The company plans to hire some 50 new employees over the next two years—a rate of growth comparable to that of its Paris team since it began operations in 2016—to carry on the lab’s activities, which will focus exclusively on applied research and implementing AI projects.

“Opening a facility in Montréal was a natural choice for us,” said Bihan. “The city is now one of the top global centres of AI research. We are eager to work alongside the world’s most renowned researchers and to be part of a booming ecosystem that includes industry leaders as well as promising start-ups.”

A business that caters to businesses
Axionable helps its clients and partners harness the full value of their data through best practices in AI and the latest industry innovations, including image and video analysis, natural language processing, stand-alone devices, predictions and recommendations. The company’s expertise focuses on banking and insurance, media, distribution and industry applications.

The company also offers businesses a full range of support services, from needs identification to delivering AI solutions that have a real impact on their performance and business models. Axionable’s mission is to provide lasting, responsible solutions that take ethical and societal issues into account.

Axionable has already started talking with potential partners in the Montréal ecosystem and taken steps to recruit the necessary talent, particularly experts in AI (automatic learning, deep learning), information technology and communication. Their mandate will be to define and implement effective and responsible AI and data strategies for the company’s clients in Europe and North America.

“We are undertaking this international expansion phase not long after the company was founded, and it would not have been possible without the support of organizations like Montréal International, Investissement Québec and Business France. This is a wonderful opportunity that will enable us to pursue our phenomenal growth, and it marks the dawn of a very exciting new era for the entire team,” added Bihan.

Montréal International, Greater Montréal’s economic development agency, welcomes the arrival of this new AI player that will strengthen a one-of-a-kind collaborative ecosystem and support the digital transformation of Québec businesses. “Quite a number of foreign companies are investing in the area. The team has supported over 30 AI projects in the past two years, totalling $500 million. Montréal stands out not only due to its concentration of deep learning researchers, but also by how much consideration it gives to the social and ethical impacts of AI,” said Hubert Bolduc, President and CEO of Montréal International.

“It is with great enthusiasm that we welcome Axionable’s arrival in Montréal, a development that speaks to the solidity of Montréal’s AI ecosystem,” stated Investissement Québec President and CEO Pierre Gabriel Côté. “This new lab will provide further stimulus for the technological revolution taking place in Québec and create a great many highly specialized jobs. We are proud to have played a role in showcasing the advantages of choosing Montréal for this key player in the AI industry and to have provided help and guidance with investing here.”

“The Québec government is pleased to welcome Axionable’s arrival in Québec,” said Nadine Girault, Minister of International Relations and La Francophonie. “The government is working to increase its economic influence abroad in order to attract more direct investments like the one announced today. We will continue to build on these successes.”

 

SOURCE INVESTISSEMENT QUÉBEC

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Artificial Intelligence

Kountable CEO Talks with UNOPS Head of Global Innovation and Technology about Its Vital Role in Improving Supply Chain Access at BootstrapLabs AI Conference

Vlad Poptamas

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Photo source: bootstraplabs.com
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BootstrapLabs Applied Artificial Intelligence Conference featured entrepreneurs and innovators who shared the newest developments in the field of AI from research and business development to investing and business transformation.

One of several distinguished speakers was Chris Hale, CEO and Co-founder of Kountable, a managed marketplace for global trade, which focuses on collaboration in the supply chain, bringing together SMEs, multinational suppliers and end customers onto a single platform.

In a conversation with Jonas Svensson, Head of Global Innovation and Technology, Hale demonstrated the role Kountable can play in accelerating progress of the world’s biggest organizations towards equipping people for success in underserved markets.

Kountable focuses on aggregating the demand side in trade by partnering with high quality entrepreneur owners of small and medium enterprises (SMEs), bringing access to world class goods to underserved markets and accelerating progress towards the United Nations’ Sustainable Development Goals (UNSDGs).

“The Global South is home to some of the fastest growing economies on the planet, despite being challenged by a general lack of traditional infrastructure, scarcity of information, trade frictions, political and currency risks or even corruption,” said Hale.

“Nevertheless, the benefits to bringing the next billion people into the global trade economy outweigh the risks and massive investments are being made in infrastructure, healthcare, IT, and transportation by governments, and other global organizations like the UN, Red Cross, World Bank, The Gates Foundation, or Buffet Foundation.”

Kountable is making this possible by building a data acquisition, normalization, and scoring platform that measures the behaviors of the best trades and their traders in these emerging markets. With unique data describing the last mile of the supply chain and unique data on the traders in these developing markets, Kountable is building behavioral analysis for historical and live-updating trader behaviors, NLP to analyze the type of goods being requested/provided, matching algorithms to identify best-fit for traders and trade opportunities, time-series analysis on historic FX rates and fluctuation patterns, image recognition to automatically recognize and categorize key documentation, as well as SNA to assess reliability and competency of traders and buyers without traditional “scoring” mechanisms.

“We’re leveraging machine learning and artificial intelligence to help us find, resource, train, grow and promote these traders who are generally small and medium enterprises (SMEs),” said Danielle Russell, Head of Product at Kountable. “These traders are the engines of growth in these rapidly growing economies and connect the largest buyers in these economies to the top suppliers and brands in the world and are literally the point of access to global commerce for their respective countries.”

 

SOURCE Kountable

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Artificial Intelligence

BMC Named A Strong Performer in Intelligent Application and Service Monitoring by Independent Research Firm

Vlad Poptamas

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BMC, a global leader in IT solutions for the digital enterprise, today announced that Forrester Research Inc. recognized the company as a Strong Performer in The Forrester Wave™: Intelligent Application And Service Monitoring, Q2 2019. BMC received the highest score possible in the product innovation road map criterion.

According to the Forrester Wave, “BMC Software has continually advanced its product portfolio over time through organic innovation and acquisitions. Recent releases have introduced AI/ML-driven monitoring for data center and multicloud environments and rebuilt the solution from the ground up in a modern, portable, and scalable architecture leveraging containers. This allows the product to deploy into a number of environments (e.g., hybrid cloud or on-premises) to meet the needs of a large cross-section of customers.”

“We believe that the TrueSight platform’s position as a strong performer in this Forrester Wave reflects the capability of the solution to deliver robust, enterprise-class service and application-aware monitoring,” said David Cramer, President, Digital Service Operations, BMC. “In addition, earning the highest score possible in the product innovation road map criterion validates, in our opinion, our ongoing strategy to both deliver more advanced analytics and intelligent automation capabilities into the TrueSight platform, as well as continuously modernize our solutions to make them faster to deploy, easier to manage, and provide more rapid time to value for our customers.”

The BMC solution evaluated in this report, TrueSight Operations Management, offers a holistic monitoring and event management solution that ingests data, events, logs, and metrics from many sources. It applies machine learning and advanced analytics combined with application and service aware context to help IT Ops teams predictively find and fix problems faster to reduce risk, increase efficiency, and drive down costs across IT Ops processes.

“BMC Software’s TrueSight suite will assuredly benefit enterprises that are starting their journey into modernizing their applications yet also have a large number of legacy and commercial off-the-shelf (COTS) systems to support,” stated the Forrester Wave.

In this report, Forrester also recommended that customers should look for IASM solutions that offer ‘intelligent root cause analysis and remediation’. The TrueSight platform helps customers significantly reduce time to identify root cause and remediate issues faster with advanced correlation of millions of operational data points and log analytics deployed across complex infrastructure and application environments.

Digital transformation is forcing IT organizations to reconsider how to ensure infrastructure and application performance. Growth in complexity of IT environments and data volume that IT Ops teams need to manage makes maintaining the health and performance of infrastructure and applications very difficult. Intelligent monitoring tools are needed as part of a holistic IT Operations Management (ITOM) strategy to minimize costs without compromising the health and performance of increasingly complex, diverse infrastructure and applications.

“The artificial intelligence is really going to help us move from the reactive service model to proactive, and ultimately to predictive, where we’ll be able to see signs that there’s an impending failure and maybe remediate it before it happens, really saving our customer a lot of downtime. Without the TrueSight solution, we have no way of getting there,” said Chris Adams, President and Chief Executive Officer, Park Place Technologies.

Forrester Research employed a rigorous process to create the Forrester Wave. Its evaluation of this report included a review of the 13 most significant vendors in the IASM market across 29 criteria.

To read the Forrester Wave™: Intelligent Application And Service Monitoring, Q2 2019 report, visit here. The report is available to Forrester subscribers or for purchase.

 

SOURCE BMC

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Artificial Intelligence

Kavout Releases K Score for United Kingdom and Germany Stock Markets

Vlad Poptamas

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Kavout announced today the launch of K Score for the United Kingdom and Germany stock markets. Used by buyside firms, K Score is a Quantamental stock rating score of 1 to 9 that generates predictive analytics using AI (artificial intelligence) and machine learning. K Score serve as buy/sell signals, or as an effective input to investment firms’ privately developed models.

K Score are now available for publicly traded companies included on UK’s FTSE 350 and FTSE 100, and Germany’s HDAX and MCSI small-cap ETF. This is an expansion on the K Score current availability for stocks traded on the US exchanges, and A-share stocks on the China market.

“K Score has been well received by forward-looking quantitative and fundamental investors,” said Kavout’s Chief Commercial Officer, Isabell Sheang. “Our mission is to enable more investors globally to take advantage of AI solutions, and to find an edge. The decision to make K Score available for the UK and European markets aligns well with our expansion roadmap.”

K Score are ratings built by the Kavout Intelligence (KAI) engine. By taking in fundamental data, pricing signals, technical indicators, and alternative data, our machine learning models and algorithms rate and rank stocks between 1 to 9. A higher K Score assigned to a stock indicates a higher probability of outperformance over the next 1-3 months, whereas a lower K Score indicates a lower probability of outperformance.

Those interested in finding out more about K Score for markets in US, ChinaGermany and United Kingdom, please contact marketing@kavout.co.

 

SOURCE Kavout

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