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Investorideas.com - #AI News: Machine Learning Startup indico Announces $4M Financing

#artificialintelligence

Newswire) indico, a provider of enterprise machine learning solutions for unstructured content, today announced $4 million in new equity seed funding led by Osage Venture Partners. Ventures, Boston Seed, and Hyperplane also participated. The funding follows a $1.5 million round of convertible debt financing announced in October, and the addition of veteran CEO Tom Wilde in September. Artificial intelligence and machine learning offer big opportunities for businesses, but many organizations struggle to find practical business applications for the technology due to limited access to required skillsets, insufficient data and infrastructure, and poorly designed pre-trained offerings. Philadelphia-based Osage Venture Partners focuses on early stage, business-to-business technology companies including analytics and artificial intelligence-based startups such as Automated Insights, BAInsight, SevOne, and Sidecar.


Guide To The Machine Learning Galaxy: Meet Tomorrow's Rising Stars

#artificialintelligence

We've just begun to scratch the surface of the impact of machine learning on the enterprise. Organizations are applying machine learning algorithms to business processes to automate manual tasks and identify patterns in transactional data to drive strategic decisions. Many applications are focused on efficiency and automation, but that trend is shifting. More and more businesses are using machine learning to develop disruptive new business models. What does this mean for your organization?


Artificial Intelligence (AI) Adoption Grew Over 60% in the Last Year

#artificialintelligence

CHICAGO, Jan. 17, 2018 (GLOBE NEWSWIRE) -- Narrative Science, the leader in Advanced Natural Language Generation (Advanced NLG) for the enterprise, today announced the availability of its third annual research report, "Outlook on Artificial Intelligence in the Enterprise 2018." In partnership with the National Business Research Institute (NBRI), Narrative Science surveyed business executives from a wide array of functions, including business intelligence, finance, and product management, to understand the use, value, and impact of AI throughout their businesses. Narrative Science's analysis of the data revealed key findings, including the compelling discovery that almost two-thirds of enterprises utilized AI in 2017.


Disruption (ERP3.0) on Flipboard

#artificialintelligence

The Future Digital Economy is ERP3 In technology or at least the application and security areas I sit within, acronyms are everywhere,... As cloud computing progresses forward, an ages-old problem for IT is resurfacing--how to integrate and secure data stores that are disbursed geographically and across a growing diversity of applications. SAN FRANCISCO--(BUSINESS WIRE)--DeepBrain Chain is an Artificial Intelligence Computing Platform driven by blockchain. Sir, Your editorial "The paradox in ceding powers of decision to AI" (FT Weekend, December 30) makes the correct observation that "without care, … The IT infrastructure landscape is evolving rapidly. What will it look like in 2020?


CES 2018 Announces New Session Focusing on AI

#artificialintelligence

LAS VEGAS--(BUSINESS WIRE)--The Consumer Technology Association (CTA) – owner and producer of CES - today announced a new CES 2018 SuperSession featuring IBM executives Bridget Karlin, Chief Technology Officer & Vice President, GTS Technology, Innovation & Automation, Donna N. Dillenberger, IBM Fellow, Enterprise Solutions, and Beth Smith, General Manager, IBM Watson. The session – Turning AI into New Ways of Doing Business on Jan. 10, 2-3 PM, Tech East, LVCC, North Hall, N257 – will discuss how professionals are putting the technology to work to better serve customers through increased engagement and accelerated research and the future of AI. "AI has the power to change the world, and companies such as IBM are using the CES platform to share their latest breakthroughs and insights," said Karen Chupka, senior vice president, CES and corporate business strategy, CTA. "I am proud and excited to add these leaders to our long list of exemplary speakers using the CES stage to share their vision. This panel will provide great insights into how companies across all industries around the world are putting IBM Watson to work, managing workflows, data sets and insights all through AI." CES 2018 will feature a new Marketplace and conference track on the future of AI, a key ingredient technology over the next decade that is being folded into consumer tech applications across all industries including automotive, health, home, robotics and agriculture. And CES 2018 will showcase AI innovations with an increased focus on user value and that has the power to improve the world.


Kinetica Predicts AI and IoT Use Cases Will Drive Demand for Next-Gen Databases in 2018

#artificialintelligence

Today's analytical workloads require faster query performance, advanced analysis methods, and more frequent data updates. For real-time analysis of massive data sets, particularly for use cases where time and location matter, enterprises are turning to new next-generation databases to explore data faster and uncover new insights. "Based on its enormous potential, investments in AI can be expected to increase in 2018, while investments in IoT will need to show measurable return," said CTO and Cofounder of Kinetica Nima Negahban. "The ability to operationalize the entire pipeline with GPU-optimized analytics databases now makes it possible to bring AI and IoT to business intelligence cost-effectively. And this will enable the organization to begin realizing a satisfactory ROI on these and prior investments."


DXC Technology Unveils 2018 IT Trends That Will Shape Digital Transformation

#artificialintelligence

TYSONS, Va., December 12, 2017 – DXC Technology (NYSE: DXC), the world's leading independent, end-to-end IT services company, today unveiled key trends that will shape enterprise technology in 2018. The six technology trends will be critical guideposts to drive enterprise disruption, agility and productivity. "For global enterprises to lead in the new digital world, 2018 is decision time for transformation planning, preparedness and execution," said Dan Hushon, senior vice president and chief technology officer, DXC Technology. "It's a transition year for most companies as they commit to their digital strategy and begin to execute more broadly. The technology and platforms are much more robust, and DXC brings its global capabilities and experience with scale to help enterprises accelerate their digital transformation journeys."


H2O.ai Raises $40 Million to Democratize Artificial Intelligence for the Enterprise

#artificialintelligence

WIRE)--H2O.ai, the leading company bringing AI to enterprises, today announced it has completed a $40 million Series C round of funding led by Wells Fargo and NVIDIA with participation from New York Life, Crane Venture Partners, Nexus Venture Partners and Transamerica Ventures, the corporate venture capital fund of Transamerica and Aegon Group. The Series C round brings H2O.ai's total amount of funding raised to $75 million. The new investment will be used to further democratize advanced machine learning and for global expansion and innovation of Driverless AI, an automated machine learning and pipelining platform that uses "AI to do AI." H2O.ai continued its juggernaut growth in 2017 as evidenced by new platforms and partnerships. The company launched Driverless AI, a product that automates AI for non-technical users and introduces visualization and interpretability features that explain the data modeling results in plain English, thus fostering further adoption and trust in artificial intelligence.


TechnologyOne eyes a future with AI as enterprise cloud gains further steam

ZDNet

Australian enterprise software firm TechnologyOne has released its financial results for the 2017 financial year, reporting AU$44.5 million in after-tax profit, on revenue of AU$273.2 million. Speaking with ZDNet about the results, founder, former CEO, and now chairman of TechnologyOne Adrian Di Marco said the massive market that is enterprise cloud in Australia is continuing to pick up pace. "The cloud is a new paradigm for customers. The market is actually massive in Australia, there are government departments, which we've seen huge demand from federal government, state departments, local governments, universities -- they all want to go into the cloud and they really all want it delivered how we're offering, software-as-a-service, not as a hosted thing," he said. "The cloud is growing exceptionally fast.


CFP for @CloudExpo and @ExpoDX Opens #SmartCities #DigitalTransformation

@machinelearnbot

The 22nd International Cloud Expo 1st DXWorld Expo has announced that its Call for Papers is open. Cloud Expo DXWorld Expo, to be held June 5-7, 2018, at the Javits Center in New York, NY, brings together Cloud Computing, Digital Transformation, Big Data, Internet of Things, DevOps, Machine Learning and WebRTC to one location. CloudExpo DXWorldEXPO have announced the conference tracks for Cloud Expo 2018, introducing DXWorldEXPO. DXWordEXPO, colocated with Cloud Expo will be held June 5-7, 2018, at the Javits Center in New York City, and November 6-8, 2018, at the Santa Clara Convention Center, Santa Clara, CA. Digital Transformation (DX) is a major focus with the introduction of DXWorld Expo within the program.