CARMEL, Ind., March 19, 2018 (GLOBE NEWSWIRE) -- TradeRev, a digital platform that facilitates live, dealer-to-dealer vehicle auctions, announced they will unveil H, the company's newest suite of artificial intelligence capabilities at next week's National Auto Dealers Association (NADA) Show 2018 in Las Vegas. TradeRev is a business unit of global remarketing and technology solutions provider KAR Auction Services, Inc. (NYSE:KAR). H leverages data and technology from across the KAR platform and uses TradeRev's machine learning and proprietary algorithms to deliver clear, easy, actionable intelligence to dealers. At NADA, TradeRev will demo H's AI-driven automated condition report visualization tool and several recently released data and predictive analytics capabilities.
IBM Corp. today unveiled a new data science and machine learning platform that one executive called "the most significant announcement we've made about data in years." Featuring an in-memory database, a real-time processing engine and the ability to ingest and analyze massive amounts of data, the Cloud Private for Data constitutes an integrated data science, data engineering and application development platform. It's intended for building event-driven applications that can handle "torrents of data from things like internet of thing sensors, online commerce, mobile devices, and more," the company said in a press release. With a combination of features that enables organizations to ingest, transform and analyze streaming data on a single software stack, the engine sits atop Cloud Private, which is IBM's version of the Kubernetes container orchestration platform. Software containers abstract applications away from the underlying hardware, enabling them to run on any computing platform.
On Friday, IBM launched a new cloud platform effort that will help customers better understand their data and use it to power their work in artificial intelligence (AI). Announced in a press release, IBM said the platform is "designed to provide a data infrastructure layer for AI behind the firewall." The Cloud Private for Data combines data science and machine learning to better grok the data that powers a firm's business. And, it can do all this for a company, even if they don't have a data science expert on their payroll, according to an IBM blog post. In the press release, IBM bills the service as "an integrated data science, data engineering and app building platform."
Pathway Data Science aims to address growing market demand for professional data science and machine learning expertise in Asia. Pathway Data Science ("Pathway"), a newly established data science and machine learning consultancy, today announced the launch of its services in Hong Kong. Based in Hong Kong, Pathway aims to help businesses across the Asia Pacific region achieve higher levels of performance by putting advanced data science tools into application. Core services include advising organizations on processes to become more data-driven, providing new insights on existing data, building intuitive dashboards, developing machine learning models and producing real-life applications that can be seamlessly integrated with clients' proprietary processes. Machine learning techniques make it possible for a computing system to learn from data, answer questions, make predictions, reach conclusions and solve problems without the need to specify an explicit set of rules required to achieve the desired outcome.
Artificial intelligence startup Peritus.ai has raised $2 million (Rs 12 crore) in funding from early-stage venture capital firm Ideaspring Capital and early-stage fund The Hive, a company statement said. The firm will use the money to strengthen its development team in India, it said in the statement. Based in California, US, Peritus.ai Inc. was founded by Santhosh Srinivasan and Kamesh Raghavendra in 2017 with support from The Hive, which incubates startups and focuses on applications of AI in the enterprise segment. "We are looking forward to help from Ideaspring for support in building and guiding our development team in India," said Srinivasan, co-founder and vice president for engineering at Peritus.ai. The company automates professional services, support delivery and incident resolution for data centres.
LAS VEGAS, NV – MARCH 8, 2018 – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, and Samsung Electronics Co. Ltd. today announced plans for a strategic partnership to connect Samsung's ARTIK Smart IoT Platform to the Philips HealthSuite Digital Platform. This collaboration will ultimately allow the Samsung ARTIK ecosystem of connected devices to safely access and share information with Philips' cloud platform. Healthcare application developers will be able to realize interoperable connected health solutions using integrated data sets and innovative HealthSuite services such as advanced health analytics. "This collaboration will enable healthcare application developers to focus on the development of innovative applications rather than on the technical integration of devices," said Dale Wiggins, General Manager Philips HealthSuite Digital Platform at Philips. "By strengthening our HealthSuite ecosystem with Samsung ARTIK, we will be taking another important step in breaking down the silos in today's healthcare domain to create a trusted and seamless care experience for both consumers and care professionals."
BOSTON--(BUSINESS WIRE)--DataRobot, the pioneer in automated machine learning, today announced that Monsanto Company has selected the DataRobot automated machine learning platform to enable its Artificial Intelligence initiatives. Monsanto is a global modern agriculture company that develops products and digital tools to help farmers around the world grow crops while using energy, water and land more efficiently. Monsanto will leverage the DataRobot platform to improve data processes with automated and predictive analytics models that will provide insights across the company's core business functions including research & development, supply chain, and sales. DataRobot is the world's only software that puts the power of AI into the hands of any business user. DataRobot pre-packages and automates the data science workflow, enabling users to build and deploy highly accurate predictive models in a fraction of the time of traditional methods.
Cloudera, Inc. (NYSE: CLDR), the modern platform for machine learning and analytics, optimized for the cloud, announced that Octo Telematics, a global leader in telematics for insurance companies, is introducing innovations for insurance by aggregating 186 billion miles of driving data from connected cars and using Cloudera Enterprise to predict and model driver risk. Utilizing machine learning and analytics on Cloudera Enterprise, the Octo Telematics platform can now deliver actionable insights and risk modeling to over 100 insurance companies worldwide that enables them to transform insurance including pricing, First Notice of Loss (FNOL), and claims insights.