My bleak forecast does not stem from the notion behind the common fintech (financial technology) and insurtech (insurance technology) industry pitch that they will change their respective industries with innovation and better customer experiences, although I firmly believe that some of the startups will cause significant pain to the incumbents and will indeed change their respective industries. These organizations will use their customers and employees to sell banking and insurance solutions, and the big financial institutions will become at best dumb pipes. What is terrifying to imagine is a situation in which tech giants or other big companies provide financial service solutions at or below production costs. The new competitors would not need to earn money and could even afford to lose money in offering financial solutions if these features entice customers and new potential clients to use the companies' core offerings.
Québec and Ontario held their seventh joint meeting of cabinet ministers in Québec City today, building on a long history of productive partnership between them. Building on existing investments, the agreement will boost the provinces' competitive advantage in the field of AI by expanding opportunities for collaboration in research, talent attraction, skills development and business growth. Previous joint meetings between Ontario and Québec have led to advances on common goals of growing the economy, attracting businesses and investments, and protecting our shared environment. Through their joint meetings of cabinet members and work year-round, Québec and Ontario have strengthened their long-standing relationship, creating opportunities and greater prosperity within the provinces -- and across Canada.
The strategic investment by HCSC Ventures, Inc., a wholly-owned subsidiary of Health Care Service Corporation which specializes in investments in innovative health care companies, will support the product-line expansion for anomaly detection and real-time operational decision support solutions for healthcare payers. Cogitativo brings a new scientific paradigm to the rapidly growing market for healthcare performance improvements by enabling payers and providers to challenge system complexity through Cogitativo's machine learning platform. "Cogitativo brings a unique blend of computational scientists with nationally recognized health care operators and advanced data science capabilities to help address complex health care challenges." Within the next several months, Cogitativo expects to release expanded machine learning solutions for improving payment accuracy, care anomaly detection and real-time monitoring of payers' care delivery networks.
Forward-looking statements include, without limitation, 1) benefits and value to customers from aiWARE for Xcellis solutions and 2) customer demand for and Quantum's future revenue from such solutions. These statements involve known and unknown risks, uncertainties and other factors that may cause Quantum's actual results to differ materially from those implied by the forward-looking statement, including unexpected changes in the Company's business. More detailed information about these risk factors, and additional risk factors, are set forth in Quantum's periodic filings with the Securities and Exchange Commission, including, but not limited to, those risks and uncertainties listed in the section entitled "Risk Factors," in Quantum's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on August 9, 2017. Quantum expressly disclaims any obligation to update or alter its forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.
By modeling human testers, including manual and test automation tasks such as scripting, Appvance has developed algorithms and expert systems to take on those tasks, similar to how driverless vehicle software models what a human driver does. The Appvance AI technology learns from various existing data sources, including learning to map an application fully on its own, various server logs, Splunk or Sumo Logic production data, form input data, valid headers and requests, expected responses, changes in each build and others. The resulting test execution represented real user flows, data driven, with near 100% code coverage. Built from the ground up with DevOps, agile and cloud services in mind, Appvance offers true beginning-to-end data-driven functional, performance, compatibility, security and synthetic APM test automation and execution, enabling dev and QA teams to quickly identify issues in a fraction of the time of other test automation products.
New research from Capgemini's Digital Transformation Institute shows that four out of five companies implementing AI have created new jobs as a result of AI technology Paris, September 7, 2017 – Capgemini, a global leader in consulting, technology and outsourcing services, has today announced the findings of "Turning AI into concrete value: the successful implementers' toolkit", a study of nearly 1,000 organizations with revenues of more than $500m that are implementing artificial intelligence (AI), either as a pilot or at scale. Capgemini's Digital Transformation Institute research provides insights on the opportunities and benefits of artificial intelligence for organizations. A global leader in consulting, technology and outsourcing services, the Group reported 2016 global revenues of EUR 12.5 billion. Capgemini Consulting is the global strategy and transformation consulting organization of the Capgemini Group, specializing in advising and supporting enterprises in significant transformation, from innovative strategy to execution and with an unstinting focus on results.
Instead of preprogramming software to complete a specific task, as narrow AI does, machine learning uses algorithms that allow a computer to learn from the vast amounts of data it receives so it can complete a task on its own. International Business Machines uses deep learning powered by NVIDIA's graphics processing units (GPUs) to comb through medical images to find cancer cells. The company makes the graphics processors that are integral in AI, machine learning, and deep learning, and lots of companies already look to NVIDIA's hardware to make their AI software a reality. The Motley Fool owns shares of and recommends Alphabet (A shares), Alphabet (C shares), Amazon, Facebook, and Nvidia.
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend 21st Cloud Expo, October 31 - November 2, 2017, at the Santa Clara Convention Center, CA, and June 12-14, 2018, at the Javits Center in New York City, NY, and learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation. With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend @CloudExpo @ThingsExpo, October 31 - November 2, 2017, at the Santa Clara Convention Center, CA, and June 12-4, 2018, at the Javits Center in New York City, NY, and learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation. Join Cloud Expo @ThingsExpo conference chair Roger Strukhoff (@IoT2040), October 31 - November 2, 2017, Santa Clara Convention Center, CA, and June 12-14, 2018, at the Javits Center in New York City, NY, for three days of intense Enterprise Cloud and'Digital Transformation' discussion and focus, including Big Data's indispensable role in IoT, Smart Grids and (IIoT) Industrial Internet of Things, Wearables and Consumer IoT, as well as (new) Digital Transformation in Vertical Markets. The upcoming 21st International @CloudExpo @ThingsExpo, October 31 - November 2, 2017, Santa Clara Convention Center, CA, and June 12-14, 2018, at the Javits Center in New York City, NY announces that its Call For Papers for speaking opportunities is open.