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Category Archives: Ai
IBM and MBZUAI join forces to advance AI research with new center of excellence – PR Newswire
Posted: May 25, 2022 at 3:51 am
Collaboration will focus on three key pillars: Natural Language Processing (NLP) including Arabic, AI applications in the healthcare industry, and sustainability
ABU DHABI, United Arab Emirates, May 25, 2022 /PRNewswire/ -- Mohamed bin Zayed University of Artificial Intelligence (MBZUAI)the world's first graduate, research university dedicated to Artificial Intelligence (AI)has announced plans for a strategic collaboration with IBM (NYSE:IBM). Senior leaders from both organizations signed a Memorandum of Understanding aimed atadvancingfundamental AI research, as well as accelerating the types of scientific breakthroughs that could unlock the potential of AI to help solve some of humanity's greatest challenges.
Professor Eric Xing, President of MBZUAI, delivered short remarks, as did Jonathan Adashek, IBM's Senior Vice President and Chief Communications Officer, and Saad Toma, General Manager, IBM Middle East, and Africa. The agreement was then signed by Sultan Al Hajji, Vice President for Public Affairs and Alumni Relations at MBZUAI and Wael Abdoush, General Manager IBM Gulf and Levant.
"We're excited to to be among the first research universities in the MENA region to host a Center of Excellence for AI research and development with technology and expertise from a world-leading technological giant like IBM. This center will provide highly valuable resource and collaborative environment to our faculty and students to broaden their work in AI. IBM has a long history of technological innovation, and we look forward to joining their latest efforts in our region and together advance AI technology and commercialization for mutual good," MBZUAI President, Professor Eric Xing said.
Saad Toma, General Manager, IBM Middle East and Africa, said: "This collaboration will help drive innovations in AI which is critical for the future of business and society. We're bringing together some of the brightest minds across both the industry and academia, while reinforcing IBM's commitment to promoting knowledge and skills in critical areas for the UAE's development, where the use of technologies like AI is fundamental."
Central to the collaborationis theestablishment of a new AI Center of Excellence to be based at the university's Masdar City campus. The Center will leveragethe talents of IBM researchers, in collaboration with MBZUAI faculty and students, and will focus on the advancement of both fundamental and applied research objectives.
The initiative seeks to develop, validate, and incubate technologies that harness the capabilities of AI to address civic, social, and business challenges. Further, the collaboration aims to provide real-life applications, particularly in the fields of natural language processing, as well as AI applications that seek to further climate and sustainability goals, and accelerate discoveries in healthcare.
IBM will provide targeted training and technologies as part of the initiative, which supports the university's vision to be a global leader for advancing AI and its application for the good of society and business. For example, throughtheIBM Academic Initiative,IBM will provideMBZUAI students and faculty with access to IBM tools, software, courseware and cloud accounts for teaching, learning, and non-commercial research. In addition, through theIBM Skills Academyprogram, MBZUAI will have access to curated AI curricula, lectures, labs, industry use cases, design-thinking sessions, and an AI Practitioner certification.
The planned relationship is subject to the parties reaching definitive agreements.
About IBM
IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs, and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM's hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently, and securely. IBM's breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM's legendary commitment to trust, transparency, responsibility, inclusivity, and service. Visitwww.ibm.comfor more information.
About Mohamed bin Zayed University of Artificial Intelligence (MBZUAI)
MBZUAI is a graduate, research university focused on artificial intelligence, computer science, and digital technologies across industrial sectors. The university aims to empower students, businesses, and governments to advance artificial intelligence as a global force for positive progress. MBZUAI offers various graduate programs designed to pursue advanced, specialized knowledge and skills in artificial intelligence, including computer vision, machine learning, and natural language processing. For more information, please visit http://www.mbzuai.ac.ae
For press inquiries, please contact:
Nicholas Demille
Jumana Akkawi
Associate Director of Communications at
Communications Director, IBM Middle East
MBZUAI
and Africa and Central Eastern Europe
[emailprotected]
[emailprotected]
Aya Sakoury
Head of Communications at MBZUAI
[emailprotected]
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IBM and MBZUAI join forces to advance AI research with new center of excellence - PR Newswire
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Samsung is investing $356 billion in chips, biotech and AI – Engadget
Posted: at 3:51 am
Many folks mainly associate Samsung with smartphones and TVs, but the company is looking at other parts of its business for long-term growth potential. In the five years to 2026, it will plow 450 trillion won ($356 billion) into strategic areas, with a focus on things like semiconductors, biotechnology and artificial intelligence.
This marks Samsung's largest investment pledge to date and it's an increase from a 240 trillion won commitment it made last August. The figure is 30 percent more than the 330 trillion won the company invested in itself over the previous five-year period.
The Samsung Electronics division will use the funding to bolster its chip design and manufacturing process, according to The Korea Herald. The company is preparing to start making 3nm chips to help it keep pace with TMSC. It's also working on advanced chips for supercomputers, robots and AI purposes, and it plans to focus on the development of 6G tech.
Over the next few years, Samsung expects to create 1 million jobs. It plans to hire 80,000 people by 2026 and create hundreds of thousands more positions with its vendors. Around 80 percent of the announced investment is earmarked for the company's home country of South Korea.
All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
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Argo AI testing fully driverless cars in Florida and Texas right now – TweakTown
Posted: at 3:51 am
Argo AI is now testing fully driverless vehicles in major US cities, including Miami, Florida, and Austin, Texas -- the first company to do driverless testing in two cities simultaneously.
The self-driving startup is backed by auto giants Ford and Volkswagen, with Argo AI announcing last week that it was testing fully driverless vehicles in Florida and Texas. An Argo staffer will be riding passenger in the vehicle, testing out the AI-powered vehicle before the service goes live to the public.
Argo will be launching an autonomous micro-transit and delivery service in Germany, powered by its fifth-generation autonomous technology, rolling out in 2025. Meanwhile, on US soil the company is tapping its fourth-generation autonomous technology: in Miami, Austin, Washington DC, Pittsburgh, Detroit, and California.
There are other companies testing out fully autonomous cars without humans behind the wheel, but Argo AI is claiming to be the first to be doing driverless testing in two cities simultaneously. Argo AI made sure the world knows that its vehicles are operating during "daytime hours" -- versus competitor Cruise -- which has permission to test their autonomous vehicles at night in San Francisco.
Bryan Salesky, founder and CEO of Argo AI explains: "Argo is first to go driverless in two major American cities, safely operating amongst heavy traffic, pedestrians and bicyclists in the busiest of neighborhoods. From day one, we set out to tackle the hardest miles to drive - in multiple cities - because that's where the density of customer demand is, and where our autonomy platform is developing the intelligence required to scale it into a sustainable business".
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C3.AI ALERT: Bragar Eagel & Squire, P.C. is Investigating C3.ai, Inc. on Behalf of Long-Term Stockholders and Encourages Investors to Contact the…
Posted: at 3:51 am
NEW YORK--(BUSINESS WIRE)--Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against C3.ai, Inc. (NYSE: AI) on behalf of long-term stockholders following a class action complaint that was filed against C3.AI on March 4, 2022 with a Class Period from December 9, 2020 to February 15, 2022, both dates inclusive, or pursuant to the Companys December 9, 2020 IPO. Our investigation concerns whether the board of directors of C3.AI have breached their fiduciary duties to the company.
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The complaint alleges that the Offering Documents were negligently prepared and, as a result, contained untrue statements of material fact or omitted to state other facts necessary to make the statements made not misleading and were not prepared in accordance with the rules and regulations governing their preparation. Additionally, throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operations, and compliance policies. Specifically, the Offering Documents and Defendants made false and/or misleading statements and/or failed to disclose that: (i) C3.ai's partnership with Baker Hughes was deteriorating; (ii) C3.ai was employing a flawed accounting methodology to conceal the deterioration of its Baker Hughes partnership; (iii) C3.ai faced challenges in product adoption and significant salesforce turnover; (iv) the Company overstated, inter alia, the extent of its investment in technology, description of its customers, its total addressable market, the pace of its market growth, and the scale of alliances with its major business partners; and (v) as a result, the Company's public statements were materially false and misleading at all relevant times.
If you are a long-term stockholder of C3, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Melissa Fortunato by email at investigations@bespc.com, by telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
About Bragar Eagel & Squire, P.C.:
Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York and California. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit http://www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.
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Clearview AI’s facial recognition tool coming to apps, schools – Reuters
Posted: at 3:51 am
May 24 (Reuters) - Clearview AI is expanding sales of its facial recognition software to companies from mainly serving the police, it told Reuters, inviting scrutiny on how the startup capitalizes on billions of photos it scrapes from social media profiles.
Sales could be significant for Clearview, a presenter on Wednesday at the Montgomery Summit investor conference in California. It fuels an emerging debate over the ethics of leveraging disputed data to design artificial intelligence systems such as facial recognition.
Clearview's usage of publicly available photos to train its tool draws it high marks for accuracy. The United Kingdom and Italy fined Clearview for breaking privacy laws by collecting online images without consent, and the company this month settled with U.S. rights activists over similar allegations.
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Clearview primarily helps police identify people through social media images, but that business is under threat due to regulatory investigations. read more
The settlement with the American Civil Liberties Union bans Clearview from providing the social-media capability to corporate clients. read more
Instead of online photo comparisons, the new private-sector offering matches people to ID photos and other data that clients collect with subjects' permission. It is meant to verify identities for access to physical or digital spaces.
Vaale, a Colombian app-based lending startup, said it was adopting Clearview to match selfies to user-uploaded ID photos.
Vaale will save about 20% in costs and gain in accuracy and speed by replacing Amazon.com Inc's (AMZN.O) Rekognition service, said Chief Executive Santiago Tobn.
"We can't have duplicate accounts and we have to avoid fraud," he said. "Without facial recognition, we can't make Vaale work."
Amazon declined to comment.
Clearview AI CEO Hoan Ton-That said a U.S. company selling visitor management systems to schools had signed up as well.
He said a customer's photo database is stored as long as they wish and not shared with others, nor used to train Clearview's AI.
But the face-matching that Clearview is selling to companies was trained on social media photos. It said the diverse collection of public images reduces racial bias and other weaknesses that affect rival systems constrained by smaller datasets.
"Why not have something more accurate that prevents mistakes or any kind of issues?" Ton-That said.
Nathan Freed Wessler, an ACLU attorney involved in the union's case against Clearview, said using ill-gotten data is an inappropriate way to pursue developing less-biased algorithms.
Regulators and others must have the right to force companies to drop algorithms that benefit from disputed data, he said, noting that the recent settlement did not include such a provision for reasons he could not disclose.
"It's an important deterrent," he said. When a company chooses to ignore legal protections to collect data, they should bear the risk that they will be held to account."
Register
Reporting by Paresh Dave; Editing by Richard Chang
Our Standards: The Thomson Reuters Trust Principles.
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AI in Global Space Industry 2022: Innovation Culture and Competitive Intensity in the NewSpace Economy Drive New Product Development for AI Solution…
Posted: at 3:51 am
DUBLIN, May 24, 2022--(BUSINESS WIRE)--The "Global Artificial Intelligence in Space Growth Opportunities" report has been added to ResearchAndMarkets.com's offering.
The multiple NewSpace start-ups entering the space industry as downstream services providers have created a fragmented market with increasing competition. Services providers are evolving their capabilities, including AI, to differentiate themselves.
AI-enabled space services will become an industry-wide trend, particularly in the downstream and satellite operations areas. The competition is slowly developing in the market and will increase in the next 5 years.
If you are an AI developer or interested in understanding how ICT capabilities such as AI, this study will help you get started with your research.
The study provides an assessment of the state of artificial intelligence (AI) deployment in the global space industry. The analysis covers key segments of the space industry where AI deployment could add value and explores the potential impact of the growing NewSpace economy. The research lists important satellite constellations and discusses their influence on the need for suitable AI capabilities.
Key Issues Addressed:
What are the key satellite constellations slated for launch up to 2040?
What are the drivers and restraints that will impact deployment of AI in the space industry?
Which segments of the space industry will gain value from AI capabilities?
What are the growth opportunities in the space industry for ICT market participants that specialize in AI?
Key Topics Covered:
1. Strategic Imperatives
Why is it Increasingly Difficult to Grow?
The Impact of the Top 3 Strategic Imperatives on Artificial Intelligence (AI) in the Space Industry
Growth Opportunities Fuel the Growth Pipeline Engine
2. Growth Opportunity Analysis
Growth Drivers
Growth Restraints
Satellite Constellations
AI in Automated Constellation Operations
AI in Space Situational Awareness Capabilities
AI in Satellite Data Processing
AI in Deep Space Missions
Story continues
3. Growth Opportunity Universe - AI in Space
Growth Opportunity 1: Customized AI Solutions for NewSpace Missions
Growth Opportunity 2: Customized AI Solutions for Deep Space Missions
Growth Opportunity 3: Customized AI Solutions for Downstream Services
For more information about this report visit https://www.researchandmarkets.com/r/yikbva
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
View source version on businesswire.com: https://www.businesswire.com/news/home/20220524005642/en/
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Will AI Take the Pleasure Out of Music? – Pitchfork
Posted: at 3:51 am
But on a recent weekday afternoon, when I Zoomed with co-founder and chief composer Dmitry Evgrafov, he was at home in Berlin, wearing not a lab coat but what looked like a very plush, comfortable robe. Where Endels marketing stresses hard numbers, Evgrafov came across more like a philosophical ambient musician. Which, in fact, he is.
Active since the early 2010s, Evgrafov has released over a dozen recordings of delicate ambient music on labels including the hallowed classical imprint Deutsche Grammophon. But around the time that Endels six co-founders were launching the company, in 2017, he found himself burning out on the whole idea of being an artist. Putting so much focus on the recording felt precious, he thought. He wanted a sense of accomplishment from his music, but it seemed unlikely that his contemplative instrumentals could have much impact on the world. The only answer I found, he told me, is functional music. The catch is that you have to leave your ego at the door. This music has to put people to sleep.
How Endel works is pretty simple, as far as AI goes: Evgrafov and his fellow sound designers create discrete stems, or musical partslooping basslines, wafting synth pads, shimmering chimeswhich Endel then remixes on the fly, ad infinitum. I spent a few days listening to it, and the results are absolutely unremarkable, although that is the point. Its muted keys and heartbeat-pulse rhythms are meant to be unobtrusive.
While Endel is helping listeners to tune in and chill out, the company has loftier goals, like enabling musicians to plug in and scale up, using AI to create infinitely regenerating artworks in their own signature style. As luck would have it, Grimes was already a fan of the app; having recently given birth to her first child, she designed a continuously evolving sleep soundscape of her sighing, cooing, and chirping I love you over gently undulating synthesizersa lullaby for exhausted mothers as much as their restless progeny. Since that initial experiment, Endel has collaborated with musicians from across the spectrum: R&B visionary Miguel, minimal-techno pioneer Richie Hawtin, sad-soul singer-songwriter James Blake. Even though you Endelize the thing, and it doesnt sound like the original stems at all, on a very deep level, the core of the artist remains, says Evgrafov.
When I ask Evgrafov what he thinks the next five years of AI will bring, he sounds surprisingly doubtful. Im a bit pessimistic, he says. Our priority is to shatter stereotypes about AI being low quality, Evgrafov continues. Wed like to do something that stands alongside the godfathers of ambient music, like Brian Eno and Laraaji. Yet his fear is that the proliferation of AI-driven audio will lower listeners standards. The problem is not that AI will take over and steal musicians bread and butter, he says. Its that people will get used to the shitty sound of AI. The hypothetical he describes sounds a lot like the one weve already seen at work on mood-based streaming playlists, which have filled up with no-name artists cranking out functional music designed to blend into the wallpaperand bolster the platforms bottom lines.
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European business communications provider Dstny acquires Tactful AI to accelerate its position in the Customer Experience Platform market. – PR…
Posted: at 3:51 am
The acquisition takes Dstny to the next level in customer engagement, enabling companies to employ Artificial Intelligence and data in their customer experience operations with minimum effort.
BRUSSELS, May 25, 2022 /PRNewswire/ --Dstny, the European leader in business communications, announced the acquisition of Tactful AI, a technology start-up based in the UK and Egypt, that provides a cutting-edge intelligent customer experience platform. The acquisition extends Dstny's products portfolio and helps companies enhance customer engagement operations across modern digital and traditional voice channels.
"With Tactful onboard, we are not only strengthening ourselves with next-generation Customer Engagement technology, we are also adding an excellent team to our group," says Daan De Wever, CEO Dstny Group.
As competition increases, businesses are competing mainly on customer experience. Tactful's Unified Customer Experience Platform (UCX) is an AI and data-centric solution that empowers business users to manage, engage, and understand the customer journey across multiple touchpoints. It includes a complete omnichannel digital contact centre, multilingual conversational chatbots, and conversational analytics.
"Tactful and Dstny share the same vision to bring employees and customers together through interactive communications tools. We both believe we can positively impact people's lives even better together. By joining Dstny, we are excited to accelerate our go-to-market strategy and bring even more value to our customers," Mohamed Elmasry, co-founder, and CEO of Tactful AI.
With the out of the box, no-code AI-powered automation engine, any organisation can employ AI and data in their customer experience operations with minimum effort regardless of its technical capacity.
"Our M&A strategy is all about product and revenue synergies, not cost synergies like you often see elsewhere. In that way, we grow faster as joint companies, and our customers get access to more and better products much faster. Tactful is a perfect match in every way, and we are excited to start working together," says Chris Parker, Dstny Group.
For further informationChristian Hed CMO DstnyEmail: [emailprotected]Tel: +46707187603
About Dstny Dstny is a leading European provider of cloud-based Business Communications. The company aims to simplify the everyday lives of more than 2,3 million users today: the interactive tools in Business Communications are delivered asa-service and bring employees and customers together across all communication formats (voice, video, chat, and other).
The Dstny tools are natively mobile-first, locally adaptable, easy to use, and easy to integrate, for companies, partners, and service providers. By combining innovative technology with close relationships with partners and service providers, and with strong local teams, Dstny can deliver the best possible user experience and make the latest applications accessible to companies across Europe.
Headquartered in Brussels, Dstny has 800 employees in 7 European countries (Belgium, Netherlands, France, Germany, Sweden, Denmark, UK) and an annual turnover of nearly 190 million in 2021.
More info: http://www.dstny.com
About Tactful
Tactful is a leading and private technology company based in the UK, with a presence in EMEA. Tactful offers omnichannel and AI-powered customer experience software to help businesses thrive by enabling meaningful and effective engagement with their customers across touchpoints. Tactful UCX is a comprehensive customer experience platform that incorporates all technologies and tools businesses need to deliver the best customer experience, reduce costs, and boost customer loyalty and sales.
More info: http://www.tactful.ai
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Microsoft Teams and Power Platform to get more collaboration, AI-assisted additions – ZDNet
Posted: at 3:51 am
Written by Mary Jo Foley, Contributor Mary Jo FoleyContributor
Mary Jo Foley has covered the tech industry for 30 years for a variety of publications, including ZDNet, eWeek, and Baseline. She is the author of Microsoft 2.
Among the 50 new product and technology announcements at Microsoft's Build 2022 developers conference are several new tools and functionality for Teams and Power Platform developers.
Teams is getting a new feature called "Live Share," which will allow apps to go beyond passive screen sharing and enable participants to watch, edit/annotate and create together inside of Teams meetings. Developers can use new extensions in preview for the Teams Client software development kit (SDK) to extend existing Teams apps and create Live Share scenarios in meetings.
Live Share in Teams is not the same as Live Share in Visual Studio; the two technologies with the same name are built on top of different technology stacks. Live Share in Teams is built on top of the Fluid Framework. Teams hosting and managing runs on the Azure Fluid Relay service. Officials said in 2017, when Live Share for Visual Studio was introduced, that the technology was built "from the ground up" but informed by collaboration technology in Office.
Fluid Framework is Microsoft's fast co-authoring and embedding technology. Azure Fluid Relay is the cloud service that supports Fluid Framework Clients. Today at Build, officials said Fluid Framework, the Azure Fluid Relay service and corresponding Azure Fluid client-side SDK will be ready for production scenarios and available in summer 2022.
One of Microsoft's newer technologies that relies on Fluid Framework is Loop. Microsoft introduced the Loop components concept last year and showed off an early version of its Loop collaboration app, which is similar to Notion. A spokesperson said Microsoft will have more to say about the Loop app and pages "in the upcoming months."
But next month, developers will be able to start developing their own Loop components by using existing Adaptive Cards or building new ones. Adaptive Cards are an open card exchange format enabling developers to exchange UI content in a common and consistent way. Officials said Zoho is using Adaptive Card-based Loop components inside Teams and Outlook. Other developers can try this out in a private preview starting in June.
Teams developers also can upgrade to theTeams JS SDK v2 and App Manifest v1.13 to extend personal tabs of their Teams apps to work on Office and Office.com. Teams, Office and Office.com are all considered "hubs" in Microsoft's internal MetaOS world view, and the company's goal is to enable developers to write an app once and run it across any of the Microsoft hubs on which customers choose to focus.
On the Power Apps front, Microsoft announced, as expected, that it is rebranding Power Apps portals as Power Pages. Power Apps Portals is a development and hosting platform for building business-centered websites. Low-code developers can use Portals to publish sites for desktop and mobile and have the option of using customizable templates to build these sites.
Instead of being classified as a feature within Power Apps, Power Pages will become the fifth member of the Power Platform family as a standalone offering within the Power Platform portfolio. As part of its launch of the Power Pages brand, Microsoft has redesigned the UI, added integrations with Visual Studio, GitHub and Azure DevOps, and spiffed-up the templates.
Microsoft also announced a new Power Apps feature called Express Design, which allows developers to turn images, docs, Figma design files and PowerPoints into apps by using Microsoft cognitive AI tech to scan the inputs and produce working app controls backed with data storage. And Microsoft is adding a new Power Automate pay-as-you-go plan and updates to the embedded SDK so that developers, customers and ISVs can embed Power Automate in third-party apps but only pay for what they use.
Microsoft also announced today Collaboration Controls in Power Apps, which lets developers drag and drop Microsoft 365 collaboration features like Teams chats, meetings, files, Tasks and moreinside custom apps built with Power Apps. Collaboration Controls will be available in preview later this summer.
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OneStream Customers Seeing Great Value From Embedded Auto AI and ML Capabilities – Business Wire
Posted: at 3:51 am
ROCHESTER, Mich.--(BUSINESS WIRE)--OneStream, a leader in corporate performance management (CPM) for the worlds leading enterprises, today announced the limited general release of Sensible ML at its Splash 2022 Global User Conference and Partner Summit. The solution will be available to select OneStream SaaS customers starting in June 2022. Sensible ML builds on OneStreams mission of providing a financially intelligent platform that can be extended to address line of business requirements across the enterprise - from period end financial close and reporting, to intelligent planning, forecasting and operational analysis.
Sensible ML unleashes the power of artificial intelligence (AI) and machine learning (ML) across the enterprise planning process directly within the OneStream platform without the need for dedicated data scientists or additional software. By unifying thousands of ML forecasts with CPM, OneStream customers can accelerate time to value for critical planning processes. Sensible ML helps increase user confidence in ML-based forecasts and allows customers to do so at a lower cost of ownership compared to alternative solutions.
The pace of change continues to accelerate the intersection of finance and operations, especially for our customers across retail, manufacturing and consumer products industries. Its critical that organizations unify CPM processes across the enterprise to drive timely and accurate insights, said Tom Shea, CEO at OneStream. With Sensible ML, OneStream customers can quickly create thousands of daily or weekly intelligent forecasts across products and locations. These forecasts can be run in parallel to help drive much more effective demand planning, sales forecasting and integrated business planning processes and do so on a continuous basis.
Sensible ML helps organizations evolve enterprise planning processes by making ML forecasting easy and intuitive for FP&A teams and operational analysts. Key benefits of the Sensible ML solution include:
Feedback from early adopting customers and industry analysts highlights the benefits of OneStreams intentional and unified approach in delivering its Sensible ML solution, making it a standout among competitors.
The ability to quickly generate driver-based forecasts is essential to adapting to our changing business conditions, said Melanie Hermann, Director, Finance Process & Systems at Polaris Industries. Incorporating AI into our planning and forecasting through the OneStream Sensible ML solution accelerates the forecasting process and further elevates it through more accurate ML data-driven forecasts.
Craig Schiff, President and CEO at BPM Partners, commented, There is increasing market demand for embedded AI and machine learning capabilities that can be leveraged by Finance and line of business users to augment their planning and forecasting processes. The thoughtful and unified approach OneStream has taken in delivering Auto AI and ML capabilities to its users is truly unique among CPM vendors and should help drive rapid adoption.
OneStreams Sensible ML solution will be highlighted in OneStream President Craig Colbys keynote presentation today at Splash. To learn more and view his keynote, visit https://splash.onestreamsoftware.com/.
About OneStream
OneStream provides a market-leading intelligent finance platform that reduces the complexity of financial operations. OneStream unleashes the power of finance by unifying corporate performance management (CPM) processes such as planning, financial close and consolidation, reporting and analytics through a single, extensible solution. We empower the enterprise with financial and operational insights to support faster and more informed decision-making. All in a cloud platform designed to continually evolve and scale with your organization.
OneStream is an independent software company with over 950 customers, 200 implementation partners and 1,100 employees, our primary mission is to deliver 100% customer success. To learn more visit http://www.onestream.com.
Excerpt from:
OneStream Customers Seeing Great Value From Embedded Auto AI and ML Capabilities - Business Wire
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