GoPro Celebrates Two Milestones

Technology

30 Million HD HERO Cameras Sold Since Launch

HERO5 Black Becomes All-Time Best-Selling GoPro at Record Pace

 

GoPro, Inc. (NASDAQ: GPRO) today announced two major sales milestones for its market-leading HERO cameras.

During the second quarter of 2018, GoPro exceeded 30 million HERO cameras sold since the debut of its first HD model in November 2009. Contributing to this achievement is that GoPro has been the best-selling camera of any type for the past 17 quarters in a row in North America.
GoPro has sold more than four million HERO5 Black cameras, making it the best-selling GoPro in record time. Launched in Q4 2016, HERO5 Black reached the four million unit milestone three months faster than HERO4 Silver, which was released in Q4 2014.

“These sales milestones highlight consumers’ regard for GoPro,” said GoPro Founder and CEO Nicholas Woodman. “A huge thank you and Hi5 from all of GoPro to our customers around the globe. We’re very passionate about helping people share their lives in exciting ways and it’s so rewarding to receive such strong support.”

GoPro will release more information about product sales and the company’s progress in a quarterly earnings call scheduled for August 2.

Microsoft and Partners Showcase a New ‘Molecule’ for Better Health Outcomes

Health, Technology

At the Intelligent Medicines’ Future Decoded event co-hosted by Microsoft, Indegene and PAREXEL, life sciences leaders reunited at the Microsoft Research Lab in Cambridge and showcased digital advances in their industry. CIOs, CMOs, Digital Strategy, Medical Affairs and Clinical Research leaders from AstraZeneca, GlaxoSmithKline, Merck, Novartis, Pfizer, Roche, Shire Teva, Takeda, UCB and others discussed the commencement of a new era and the opportunity to work with a new ‘molecule’ to accelerate transformation.

The new ‘molecule’ combines data, intelligence, trust and innovative digital empowerment at a time when there is an unprecedented ability to reason over vast genomic, clinical, personal health and commercial data. It infuses intelligence everywhere to drive insights for health care professionals (HCPs), generates new care experiences and creates preventative pathways. It focuses on trust as a gatekeeper to adoption with enhanced levels of privacy, security and compliance by design. It brings forward new governance approaches with data-sharing models such as data donation and interoperable yet accessible data platforms. Finally, it delivers innovative digital empowerment to effectively engage the industry’s customers.

Innovations highlighted included Omnipresence, a solution developed by Indegene and Microsoft, which adds predictive algorithms to interactions with HCPs through intelligent actions and content for sales reps, MSLs, KAMs (learn about Omnipresence here). DNAnexus showcased how Microsoft’s cloud computational pipeline is used at St. Jude’s Children’s Research Hospital to accelerate research and power scientific collaboration in the search for cures to pediatric cancer (read the full case here).

Captario, PAREXEL and digitalECMT (Digital Experimental Cancer Medicine Team) shared innovations built on Microsoft Azure Cloud to accelerate drug development. Captario SUM is a leading decision analysis tool for drug development. Novartis uses Captario SUM for the evaluation of its entire portfolio. PAREXEL’s Perceptive Cloud® helps improve how sponsors perform clinical trials, control and share data, track and report patient outcomes, manage regulatory information and capture real-world evidence for payers. The digitalECMT is based within the Cancer Research UK (CRUK) Manchester Institute, part of the Manchester Cancer Research Centre. This clinical research group is developing new ways of conducting early clinical trials and in collaboration with AstraZeneca delivers the iDecide research programme to  transform decision-making and the patient’s role (see the video summary here).

“Empowering health to achieve more with technology relies on a human-centric vision for better outcomes. Data, intelligence, trust and new forms of governance make up the new molecule to decode the future of pharma and unlock digital advantages,” said Elena Bonfiglioli, EMEA Lead for Health and Life sciences, Microsoft, on the occasion. “Indegene Omnipresence creates so many opportunities to empower life sciences organisations through modern innovations such as deep customer graphs, conversational AI, medical bots…it is a very exciting time,” added Sanjay Virmani, EVP, Indegene.

About Indegene 

Indegene (http://www.indegene.com ) enables global healthcare organisations to address complex challenges by seamlessly integrating analytics, technology, operations and medical expertise and drives better health and business outcomes. Indegene’s IP-based solutions help clients drive revenues and productivity by making transformational leaps in digitalisation of customer engagement, health reform, healthcare cost reduction and health outcomes improvement.

Google, Amazon, Facebook and Apple Propel the Life Sciences Industry with Strategic Partnerships

Health, Technology

Frost & Sullivan’s recent analysis, Global Life Sciences Industry Outlook, 2018, finds that healthcare digitization and consumerization, the explosion of patient data, and the emergence of value-based reimbursement models, are propelling the life sciences industry towards the $1.5 trillion milestone. The convergence of biopharmaceuticals, drug delivery devices, and companion diagnostics —enabled by digital connectivity— is driving regulatory and commercial changes in many exciting ways for the industry.

“The scope for synergies among disciplines is attracting big tech companies such as GoogleAmazonFacebookApple (GAFA) to the life sciences industry,” said Unmesh Lal, Program Manager, Transformational Health. “The adoption of artificial intelligence (AI) and cloud-based solutions for drug discovery and clinical trial workflow is improving the overall efficiency of production. Additionally, pathology and research laboratories are increasingly adopting health analytics solutions to track the test utilization and efficiently tackle reimbursement issues.”

For further information on this analysis, please visit: http://frost.ly/2ii

In 2018, innovations and new business models spun around data monetization as a result of value-based medicine; a connected ecosystem will be the most talked about areas. Incorporation of advanced technologies will drive the delivery of precision healthcare, raising the following growth opportunities:

  • AI and cloud deployment in pharma research and development (R&D): Drug discovery and clinical development IT solutions spending to exceed $10 billion in 2018;
  • Convergence of molecular diagnostics and big data analytics:Disruptive startups with oncology diagnostics portfolio will see high rewards from their investments;
  • Smart genomics: Research labs jump-start spending on cloud, NGS and big data analytics solutions;
  • Biopharma partnerships with contract development and manufacturing organizations (CDMO) and contract research organizations (CRO): Outsourcing of bio-analytical and current good manufacturing practice (cGMP) services is expected to reach $8.5 billion in 2018;
  • Liquid biopsy and companion diagnostics: Roughly $500 millionin venture capital funding is expected to flood the liquid biopsy space as companion diagnostic-based liquid biopsy tests gain approval from the regulatory authority; and
  • Biotech expansion into CAR-T and gene therapies: Favorable tax reforms and competition for new assets could lead to higher valuations and product deal amounts.

“While the cell and gene therapy segments have shown potential, pharmaceutical and biotechnology companies continue to invest in the promising segments of oncology, cardiovascular, diabetes, and immunology. These segments not only have high unmet needs but also have high acceptability across regions,” noted Lal. “Overall personalization, decentralization, collaboration, and prevention are amplifying precision health, thereby shaping the future business models and the workforce of life sciences companies.”

Global Life Sciences Industry Outlook, 2018 is part of Frost & Sullivan’s global Life Sciences Growth Partnership Service program.

Nuclear Power is Seen as a Solution to Insufficiencies in Energy Infrastructures

Technology

The demand for cleaner energy sources is accelerating and developing markets, such as China and India, are in need of stronger energy infrastructure. Data provided by the World Nuclear Association, explains that Mainland China has 36 nuclear power reactors in operation, 21 under construction, and more starting construction. The increasing growth of nuclear power in China is mostly credited to air pollution from coal-fired plants. The new reactors, which are currently in construction and are expected to be the world’s most innovative, are meant to double the nuclear capacity of about 58 GWe by 2020-21, then up to 150 GWe by 2030, and much more by 2050. Anfield Energy Inc. (OTC: ANLDF), Cameco Corporation (NYSE: CCJ), Westwater Resources, Inc. (NASDAQ: WWR), NexGen Energy Ltd. (NYSE: NXE), Alexco Resource Corp. (NYSE: AXU)

Recently, the U.S.A.Canada and Japan partnered to promote nuclear energy power. Director General of the World Nuclear Association, Agneta Rising, explained, according to Forbes that, “Countries will need to use nuclear energy alongside other forms of clean energy to deliver a sustainable energy mix that is affordable to all and that supports economic development.”

Anfield Energy Inc. (OTCQB: ANLDF) is also listed on the TSX Venture Exchange under the ticker (TSX-V: AEC). Earlier in May, the company announced that, “Stephen S. Lunsford has agreed to join the Company’s Board of Directors. Mr. Lunsford has had an extensive career as a geologist in the uranium sector, spanning four decades, with his vast experience generated through his time working with entities such as Cameco Resources, Inc., American Nuclear Corp. and Power Resources, Inc. (PRI). In addition, Mr. Lunsford was involved in a feasibility study completed by PRI for Cotter with regard to Anfield’s recently-acquired Charlie project in Wyoming. Overall, Mr. Lunsford’s regional expertise and uranium asset knowledge will be a significant asset to Anfield.

‘We are excited to have someone of Mr. Lunsford’s calibre joining our board of directors,’ commented Anfield’s CEO, Corey Dias. ‘His successful career spanning four decades in the uranium industry with well-known entities in the sector, such as Cameco and PRI, is impressive, and his extensive knowledge of Wyoming uranium will prove to be a great value to the Company as we move our projects forward. Moreover, his direct knowledge with regard to the Charlie project could allow Anfield to further streamline our path to production.’

Mr. Lunsford began his career with American Nuclear Corp. in 1972 where he began as a Field Geologist supervising field drilling programs for as many as seven drill rigs. He later became a Project Geologist where he organized and directed all aspects of exploration drilling programs.

In 1987 Mr. Lunsford began work as a Project Geologist with Everest Minerals, which became PRI in 1989. In 1996, PRI was acquired by Cameco Inc., and in 2008, PRI’s name was changed to Cameco Resources. During his time with Everest/PRI/Cameco, Mr. Lunsford planned and implemented delineation and exploration drilling programs and mapped subsurface roll fronts by means of drill hole geophysical logs. As Project Geologist, he generated uranium reserve/resource evaluations, created and maintained drill hole databases and planned and designed in-situ patterns. His responsibilities also included data collection and geology for generating mine permit applications.

From 2000 to 2002 Mr. Lunsford served as the Senior Project Geologist on PRI’s Smith Ranch-Highland Mine where he evaluated the uranium reserve/resource estimation by geologic and geostatistical methods. He designed and evaluated uranium in-situ production patterns, performed prospect evaluations, and created and/or supervised maintenance of the geophysical drill hole database. He also managed production databases, tracked production and created monthly production reports.

In 2002 he became Chief Geologist for the Smith Ranch-Highland Mine where he evaluated uranium prospects and supervised uranium IST mining efforts. As Chief Geologist he functioned as the Qualified Person (QP) for purposes of NI 43-101 reports.

From 2006 until his retirement in 2013, Mr. Lunsford served as Senior Evaluation Geologist for PRI/Cameco Resources. In this position, he generated uranium prospects internally and evaluated prospects submitted from outside sources. During this period, he continued to serve as the QP on NI 43-101 reports for PRI/Cameco.

From 2013 to 2014, Mr. Lunsford was a consulting geologist to Tetra Tech and Anatolia Energy on the Temrezil Uranium project in Turkey. His responsibilities included reserve/resource estimation to enable definition of mineral resource boundaries, and assisting in preparation of a preliminary wellfield layout to support the development of a pre-feasibility study.”

Research Indicates Internal Financial Controls More Important Than Ever As Data Perceived To Be Increasingly Valuable

Business, Technology

BlackLine-sponsored survey reveals that although F&A sees increasing value of data, they feel more can be done to improve internal controls and protect it

 

Global research from BlackLine, Inc. suggests that data is increasingly seen as one of a company’s most crucial assets – vital to these organizations’ brands and business success – with virtually all the respondents (97 percent) considering data to be valuable to their business operations and 67 percent stating that data is ‘very valuable’.

In today’s digital age, most companies currently use cloud services in addition to their own internal systems to store valuable, sensitive and proprietary financial and business information. With cloud adoption seeing exponential growth and data becoming increasingly ubiquitous, protecting it is becoming increasingly difficult. Despite the overwhelming consensus on the increasing value of data, the survey of more than 900 CFOs, finance directors and accountants around the world in large and midsized businesses reveals widespread reliance on the IT department alone to manage and control the data.

All businesses are susceptible to cyber risks. By taking a more proactive stance and ensuring proper internal controls are in place, Finance & Accounting (F&A) can help thwart potential breaches of financial and business data. “F&A has the opportunity to actively partner with their IT and Information Security counterparts to better understand the safeguards that are in place; and they should, considering they are primarily responsible for the financial controls for the organization,” said Patrick Villanova, vice president and principal accounting officer at BlackLine, a leading provider of financial controls and automation solutions that enable Continuous Accounting.

The BlackLine-sponsored survey, conducted by Censuswide, included respondents in the United States, the United Kingdom, France, Germany and Australia and indicates that 81 percent either rely entirely or in part on IT professionals to ensure utmost data security across their organization’s network and systems.

Fifty-two percent of the respondents said while Finance & Accounting ensures financial systems like the ERP (Enterprise Resource Planning) system are regularly updated and the staff is aware of cybersecurity best practices, they leave the vast majority of the upkeep to the IT department. Another 29 percent said they rely entirely on the IT group.

“There is no denying the value of data but the survey indicates that many F&A teams are surprisingly passive and not nearly diligent enough when it comes to safeguarding it,” said Villanova.

Only one in five (19 percent) of the respondents said their Finance & Accounting department takes a highly proactive role in pursuing optimal data security. In light of recent and ongoing cyberattacks and the growing financial value of companies’ big data assets, CFOs may want to reconsider this passive involvement. “Protecting the data should be everyone’s responsibility—not just the concern of the IT group,” said Villanova.

By automating the financial close process, F&A professionals have greater visibility into their organization’s financial data to identify potential threats or irregularities sooner than later, Villanova explained. “By leveraging a cloud platform such as ours or cloud tools from other well-established companies, F&A can strengthen internal controls, providing real-time transparency into enterprise-wide financial data and transactions,” he added.

 

Note

Survey respondents were sourced from large organizations with significant minimum annual revenues:

UK £50 million+
US $150 million+ (USD)
France €50 million+
Germany €50 million+
Australia $50 million+ (AUSD)

BBK Worldwide Repositions as The Patient Experience Company™ and Unveils New Brand Platform

Health, Technology

Patient Recruitment Pioneer Leverages Its Communications and Technological Expertise to Enhance the Clinical Trial Patient Journey

 

For 35 years, BBK Worldwide has been on the crest of the wave with regard to the development and evolution of the patient recruitment industry. Today, the company announces its new marketplace position as The Patient Experience Company. BBK’s promotion of its trendsetting commitment will be reflected in a redesigned company brand, including logo mark and website (bbkworldwide.com). The website details the services and technology-driven solutions devoted to educating consumers, engaging participants, unburdening sites, and supporting sponsors—the combination of which is essential for a company dedicated to enhancing the patient experience.

“Backed by efficacy data and market research, we’ve encapsulated everything we’ve learned to become The Patient Experience Company,” comments Joan F. Bachenheimer, founding principal and CEO, BBK Worldwide. “A critical component of an experience is ‘choice.’ Our technological platform, combined with our creative communications expertise, makes it possible for us to respond to stated preferences—whether expressed by site staff, patients, caregivers, CRAs, or sponsors—and more specifically, to meet the needs of individuals within those subsets. We are dedicated to the type of support that creates a positive synergistic effect.”

BBK leverages its experiential insights through ongoing Patient Voice and Site Voice initiatives. “Our research shows that even the most compliant of participants may still feel a sense of disenfranchisement,” comments Matt Kibby, principal and president, BBK Worldwide. “Engagement is not the same as experience.”

“Every phone call, office visit, and in-person interaction contributes to the overall participant experience,” explains Bonnie A. Brescia, founding principal and corporate development officer, BBK Worldwide. “Our orientation pays homage to the fact that nothing surpasses attention from medical and nursing providers with regard to creating a positive study experience for a participant. Our products and services are designed to alleviate administrative burden, enabling providers to spend more time with their patients.”

The company has a long history of appreciation for sponsor, CRO, patient, caregiver, and healthcare consumer needs. The Patients to Find the Cure® has been BBK’s tagline since its inception. Delivering the best experience at each key touch point in the patient journey guides BBK’s innovative approach to solving recruitment and engagement challenges.

BBK’s announcement coincides with the Annual Meeting of the Drug Information Association in Boston, June 24–28, 2018. Reporters interested in speaking with BBK can visit booth #1607, or they may contact Elizabeth Gargill by phone at 617-630-5513 or by email at egargill@bbkworldwide.com.

The Linux Foundation Announces Initial Keynotes for Open Networking Summit Europe

Technology

Premier open networking event expands outside North America for the first time; speaking proposals due June 24

The Linux Foundation, the nonprofit organization enabling mass innovation through open source, today announced the keynote speakers for Open Networking Summit Europe, taking place September 25-27 in Amsterdam, The Netherlands.

Open Networking Summit (ONS) is the industry’s premier open networking event, gathering enterprises, service providers and cloud providers across the ecosystem to share learnings, highlight innovation and discuss the future of Open Source Networking, including SDN, NFV, orchestration and the automation of cloud, network and IoT services. After seven successful years in North America, ONS is expanding to Europe to provide the opportunity for more individuals to share, learn and collaborate on these important technologies.

Keynotes:

Dr. Paul Doany, CEO, Türk Telecom, talking about redefining the competitive landscape
Catherine Mulligan, Co-Director, Centre for Cryptocurrency Research and Engineering, Imperial College London, discussing the intersection of networking and blockchain
Virtualizing the Central Office for Mobile Services: A collaboration and demo across companies – including China Mobile, Cumulus, Ettus Research, EXFO, F5 Networks, NetScout, Nokia, Quortus, Red Hat – and multiple open source projects including OpenAirInterface, Open Compute Project, OpenDaylight, and OPNFV.
Speaking proposals are being accepted through Sunday, June 24. The full schedule of sessions will be announced in late July.

Registration is $995 through August 4. Additional academic, non-profit and group discounts are available as well; details are available on the event registration page. Members of The Linux Foundation and Linux Foundation Projects are eligible for a 20% discount; contact events@linuxfoundation.org to request a discount code. Applications for diversity and needs-based scholarships are currently being accepted. For information on eligibility and how to apply, please click here.

The Linux Foundation events are where the world’s leading technologists meet, collaborate, learn and network in order to advance innovations that support the world’s largest shared technologies.

Members of the press who would like to request a press pass to attend should contact Dan Brown at dbrown@linuxfoundation.org.

Open Networking Summit Europe is made possible thanks to Diamond Sponsor Intel, Platinum Sponsor Huawei and Gold Sponsor Cloud Native Computing Foundation.

Additional Resources
YouTube: Why Attend Linux Foundation Events (https://youtu.be/X_rLxfmLlYY)

Open Networking Summit North America 2018 Event Recap (https://events.linuxfoundation.org/events/open-networking-summit-north-america-2018/)

Artificial Intelligence (AI) and Internet of Things (IoT) Becoming Biggest Influences on Tech Industry

Technology

Artificial Intelligence (AI) and Internet of Things (IoT) influence on MESH technology are a few of the hottest topics in all of the expansive and volatile technology industry landscape. As these innovative and cutting edge technologies fuse together experts in the market are forecasting exponential growth over the next seven years while revolutionizing everyday products with amazing potential. Grand View Research projects the wireless mesh network alone will be worth north of $11 billion globally by the year 2025. One of the significant factors driving market growth is the variety of applications across multiple industries for these platforms, ranging from traditional business projects to emergency services. The inclusion of IoT and AI are expected to expedite the process, allowing for more efficient and effective operations of MESH applications and networks. Active tech companies in the markets this week include Gopher Protocol Inc. (OTC: GOPH), Microsoft Corporation (NASDAQ: MSFT), Intel Corporation (NASDAQ: INTC), Micron Technology Inc. (NASDAQ: MU), Cree Inc. (NASDAQ: CREE).

Gopher Protocol Inc. (OTCQB: GOPH) BREAKING NEWS: Gopher Protocol, a company specializing in the creation of Internet of Things (IoT) and Artificial Intelligence enabled mobile technologies, is pleased to announce that it has completed the first phase of its Decentralized MESH system architectural functionality simulation. These simulations tested Gopher’s unstructured MESH network, performing node and gateway communication scenarios while observing timing and performance. The team was able to successfully simulate “node to node” and “node to gateway” network communication, within a defined range.

A wireless mesh network is a communications network made up of radio nodes (telephones or other connected devices) organized in a mesh topology (random dispersion across a given area). MESH refers to rich interconnection among devices or nodes. Wireless mesh networks typically consist of mesh clients(users) and gateways (internet access points). The Gopher Decentralized MESH network will be a mobile network, which adds additional complexity as the nodes move frequently. The main challenge of developing Gopher’s MESH network is updating routes of data considering that nodes are moving within the MESH. Managing these nodes is achieved by our time division based electronic hardware combined with Gopher’s Avant! Artificial Intelligence engine that is cognitively learning about the dynamic GEO locations of nodes and gateways in order to control the unstructured mesh network.

“This is a very significant stage for us” stated Danny Rittman, Gopher’s CTO. “We successfully conducted a node hopping simulation which we believe is one of the key technological hurdles in creating a MESH network. In addition, we also performed “node to gateway” communications and multiple “node hopping” all the way to a gateway. The results were successful for a defined range and beyond. We are now constructing testing boards to further analyze the technology in order to identify methods of improvements and advancements.”

“We are also working on our Avant! AI engine, providing it with the mathematical knowledge with the goal of developing it to a point to control the entire system. Unstructured networks are particularly difficult to control without the involvement of highly mathematical models and algorithms” continued Dr. Rittman. Gopher believes the development of a mesh network and technology is crucial to the creation of a communications network that disrupts the incumbent Internet and data providers that are the gatekeepers of communication access for the developed world. Gopher intends to bring connectivity to the hundreds of millions that cannot easily afford the current global cost of connectivity and to make the rapidly growing internet of things more affordable for all. Read this and more news for GOPH athttp://www.marketnewsupdates.com/news/goph.html 

Other recent and current developments in the tech industry include:

Microsoft Corporation (NASDAQ: MSFT) recently announced a strategic partnership to deliver new technology developments and go-to-market initiatives that accelerate enterprise AI and IoT application development. As part of this partnership, the companies will create a “better together” solution, comprising the C3 IoT Platform™, a low-code, high-productivity PaaS for scaling AI and IoT across enterprises, fully integrated to operate on Microsoft Azure. C3 IoT will leverage Microsoft Azure as a preferred cloud platform and tap into the power of its intelligent capabilities. The companies will conduct co-marketing and co-selling strategies that rapidly scale distribution globally, as well as intensive training for dedicated teams to speed customers’ time to value. Close collaboration between Microsoft and C3 IoT will help enable customers to more rapidly develop and deploy AI-based applications for transformative use cases, such as AI predictive maintenance, dynamic inventory optimization, precision healthcare and CRM.

Intel Corporation (NASDAQ: INTC) recently issued an editorial by Naveen Rao, vice president and general manager of the Artificial Intelligence Products Group at Intel Corporation. This is an exciting week as we gather the brightest minds working with artificial intelligence (AI) at Intel AI DevCon, our inaugural AI developer conference. We recognize that achieving the full promise of AI isn’t something we at Intel can do alone. Rather, we need to address it together as an industry, inclusive of the developer community, academia, the software ecosystem and more. So as I take the stage today, I am excited to do it with so many others throughout the industry. This includes developers joining us for demonstrations, research and hands-on training. We’re also joined by supporters including Google*, AWS*, Microsoft*, Novartis* and C3 IoT*. It is this breadth of collaboration that will help us collectively empower the community to deliver the hardware and software needed to innovate faster and stay nimble on the many paths to AI. Indeed, as I think about what will help us accelerate the transition to the AI-driven future of computing, it is ensuring we deliver solutions that are both comprehensive and enterprise-scale. This means solutions that offer the largest breadth of compute, with multiple architectures supporting milliwatts to kilowatts. Enterprise-scale AI also means embracing and extending the tools, open frameworks and infrastructure the industry has already invested in to better enable researchers to perform tasks across the variety of AI workloads. For example, AI developers are increasingly interested in programming directly to open-source frameworks versus a specific product software platform, again allowing development to occur more quickly and efficiently.

Micron Technology Inc. (NASDAQ: MU) came to a close up .61% on Monday afternoon with a volume north of 63.3 million. In the news: Micron Technology Inc., the largest U.S. maker of memory chips, is benefiting from “exploding” data consumption that’s helping smooth the boom-to-bust cycles of growth the industry experienced in the past, Chief Executive Officer Sanjay Mehrotra said. Demand from data-center operators and new artificial intelligence computing have “muted” fluctuations in the need for memory chips while supply increases have become more measured due to the increased technological complexity of improving manufacturing, Mehrotra said in an interview in New York on Tuesday. “All of these trends really point to a structural change and healthy fundamentals for the industry,” Mehrotra said. “We see a stable environment.”

Cree Inc. (NASDAQ: CREE) recently announced it is expanding its SmartCast Intelligence Platform™ to include connected wireless capabilities that enable smart building solutions, such as building automation and control network (BACnet) connectivity, advanced lighting control, and building analytics. In addition, Cree announced a new collaboration with Synapse Wireless, Inc. (“Synapse”) to deliver intuitive, intelligent lighting control designed specifically for outdoor area and high-bay applications. Together, these platform enhancements deliver connected solutions to more customers and applications, such as complete campus and industrial settings, while making it easier than ever to upgrade existing buildings to intelligent lighting systems.

Artificial Intelligence is Projected to Have a Strong Impact on Global GDP

Technology

Artificial intelligence (AI) is expected to transform the productivity and GDP potential of the global economy. According to a report by PWC, strategic investment in different types of AI technology is needed to make that happen. PWC’s research shows that 45% of total economic gains by 2030 will come from product enhancements, stimulating consumer demand. This is because AI will drive greater product variety, with increased personalization, attractiveness and affordability over time. AI could contribute up to $15.7 trillion1 to the global economy in 2030, more than the current output of China and India combined. Internet of Things Inc. (OTC: INOTF), Seven Stars Cloud Group, Inc. (NASDAQ: SSC), Pure Storage, Inc. (NYSE: PSTG), Cray Inc. (NASDAQ: CRAY), Vonage Holdings Corp. (NYSE: VG)

The AI sector is very diverse. From the most influential products and divisions in AI are digital assistants, chatbots and machine learning. PWC indicates that, “the impact on productivity could be competitively transformative – businesses that fail to adapt and adopt could quickly find themselves undercut on turnaround times as well as costs. They stand to lose a significant amount of their market share as a result. However, the potential of this initial phase of AI application mainly centers on enhancing what’s already being done, rather than creating too much that’s new.”

Internet of Things Inc. (OTC: INOTF) also listed on the TSX Venture Exchange under the ticker (TSX-V: ITT). Last week the company announced breaking news that, “Is pleased to provide a corporate update detailing its recently accomplished milestones and current growth initiatives. Appointment of President & COO – IoT Inc. recently announced the appointment of James Sutcliffe as President & COO. Mr. Sutcliffe will oversee operations, investee companies and merger & acquisition opportunities.

Mr. Sutcliffe brings more than 20 years’ experience in global operational and financial leadership. Earlier in his career, he was as a key member of a management team that grew a Fortune 150 Tier 1 automotive supplier’s Asian operations ten-fold. During this time, Mr. Sutcliffe held senior corporate development, finance and executive management roles. Spearheading entry into new markets in Asia, he was instrumental in guiding start-ups and acquisitions in ChinaIndia and Korea.

Mr. Sutcliffe commented, “IoT Inc. is at a critical inflection point given its growth opportunities in Asia and North America. I am excited to leverage my relationships and operating experience as the company pursues very compelling and complementary accretive acquisitions.”

Corporate Repositioning: The Company has developed a new website designed to encourage investor signups and inbound business opportunities and enhanced marketing collateral including a new corporate presentation. In addition, IoT Inc. has signed up to participate in investor focused conferences over the next few months to raise awareness. This corporate repositioning reflects the new strategic vision of the Company and will serve as the foundation to expand its strategic plan to acquire and operate growth-ready technology companies.

Equity Financing: After the original public announcement of a private placement financing in December 2017, the Company closed an over-subscribed funding round of $2,300,000. This working capital provides a sufficient runway to continue execution of its long-term corporate growth strategy and to pursue strategic acquisitions.

Portfolio Company Updates: Weather Telematics Inc. The Company announced that it has entered into a letter of agreement to acquire Weather Telematics Inc. (“WTX Inc.” or “Weather Telematics”), a data science company offering real-time advanced AI-based predictive road condition weather analytics for safer, connected and autonomous transportation. For further details read the May 14, 2018 press release. Weather Telematics recently announced a partnership with Teletrac Navman, a global software-as-a-service provider that leverages location-based technology for GPS tracking solutions, to provide dynamic weather data including a real-time view of hazardous road conditions to the DIRECTOR® fleet management platform.

New Hope IoT Intl. Inc. (or the “JV”) – Management is pleased with the progress that continues to be made with factory automation initiatives as IoT Inc. expands its presence in Greater China. The JV continues to make headway with artificial intelligence in China and pending the closing of WTX Inc., the Company will look to leverage their unique data and technology by integrating it into its manufacturing process optimization platform to turn traditional manufacturing operations into smart industrial IoT enabled facilities.

BLOCKStrain Technology Corp.(“BLOCKStrain”) – The Company made a strategic investment in BLOCKStrain Technology Corp. (TSX-V: DNAX). BLOCKStrain delivers a secure and immutable blockchain platform to establish global certainty for cannabis strains and their ownership. BLOCKStrain closed a non-brokered private placement raising gross proceeds of $10,500,000, and also completed its go public transaction earlier this week. Based on yesterday’s closing price of BLOCKStrain, IoT Inc’s position in the company is worth more than 250% of its original investment. The Company is in discussions with BLOCKStrain and is evaluating how to deploy and leverage its strategic technology applications into the BLOCKStrain ecosystem.

About Internet of Things Inc. – Internet of Things Inc. is a strategic investor in growth-ready companies with innovative technology solutions. The Company creates value through its portfolio companies’ expertise in the IoT, AI and Blockchain solutions, by turning data into actionable intelligence to drive more efficiency into organizations. The Company has a joint venture partnership, New Hope IoT Intl Inc., with New Hope Data Technology Co. Ltd. Internet of Things Inc. also has strategic investments in Braingrid Corp. and Blockstrain Technology Corp. and has its headquarters in Toronto, Canada.”

KPMG and Google Enter an Alliance to Help Organizations Transform Digital Experiences

Technology, Telecom & Internet

New solutions combine Google Cloud’s security and artificial intelligence (AI) leadership with KPMG business acumen, industry knowledge and integration capability to enrich the customer experience and accelerate digital transformation.

 

KPMG International today announced an alliancewith Google to help organizations transform their business and operating models with secure cloud computing, machine learning (ML), enterprise mobility and advanced analytics technologies.

As part of the collaboration, KPMG is creating a portfolio of industry solutions built on Google Cloud Platform (GCP). KPMG member firms around the globe are currently engaging with clients on solutions for financial services, insurance, healthcare, manufacturing, and retail, among other industries. These solutions, including customer service solutions, contract management, cyber security, regulatory compliance and business and process performance, will benefit from GCP’s trusted security, advanced data analytics and ML.

Two KPMG solutions available now are KPMG Intelligent Interactions for creating a differentiated customer experience, and the General Data Protection Regulation (GDPR) Assessment and Compliance solutions for managing customer data and privacy.

“Organizations are seeing advanced technologies and natural language experiences as a key to transforming their businesses,” says Benjie Thomas, Canadian Managing Partner, Advisory Services for KPMG in Canada. “KPMG is creating data-driven solutions that harness Google Cloud technology, including machine learning, to help our member firm clients advance business strategies and deliver unrivaled digital experiences.”

“Our alliance with KPMG helps customers across industries benefit from the advantages of Google Cloud, including our advanced security, data analytics and machine learning capabilities, to solve real business challenges,” says Tariq Shaukat, President, Partners and Industry Platforms, Google Cloud. “We’re working alongside KPMG to develop new solutions that help enable customers to actively participate in the ideation and creation of their own solutions.”

KPMG’s business acumen, industry knowledge, and business process consulting help member firm clients understand how to integrate ML technology. Combining this experience with Google Cloud’s pre-trained ML models, made accessible via application programming interfaces (APIs), streamlines new product development, where clients do not need to build and train their own models. KPMG also provides ML models that can be quickly customized using Google Cloud Machine Learning Engine.

The alliance allows member firm clients to take advantage of GCP-based solutions as part of the KPMG Ignite portfolio of AI capabilities, KPMG’s Centre of Excellence for Data & Analytics and Intelligent Automation, and KPMG’s 65 Google Cloud certified consultants. The centre has established a KPMG GCP ‘lab’ to foster experimentation and collaboration with Google Cloud on client use cases.

KPMG Intelligent Interactions
One of the first available solution offerings under the alliance is KPMG’s Intelligent Interactions, part of KPMG’s Connected Enterprise portfolio. The solution automates and enhances customer interactions by using ML technology, including Google Cloud Speech-to-Text and Translate APIs, to determine sentiment and intent.

KPMG Intelligent Interactions links with other intelligent automation (IA) technologies, such as robotic process automation (RPA), to help clients automate customer responses and redesign business processes. For example, voice automation—with capabilities to understand, translate, and identify sentiment and intent—can augment interactions with customers. Virtual assistants — built with Google Cloud ML language capabilities, including DialogFlow, Speech APIs, and Translate APIs—can anticipate customer needs based on predefined triggers.

GDPR Assessment and Compliance solutions

To help member firm clients build and execute a new vision for customer data management beyond compliance, KPMG teams offer purpose-built solutions that assist clients with the challenges of GDPR compliance while helping lay the foundation for a strong data management and privacy strategy.

The solutions combine KPMG’s domain, regulation, customer analytics, enterprise data strategy and compliance knowledge with Google’s ML-based cloud technology, data management and advanced analytics products to deliver a sustainable platform with single customer views, legal and compliance support, end-to-end modelling platforms, cloud data warehousing and a secure data infrastructure. The solutions help reduce the costs associated with ongoing compliance, streamline compliance efforts, enable data-driven customer service improvements and support analytics-powered processing.