Here is IT Digest’s weekly roundup of the top news from global markets. In this fast-paced world, breaking down information helps readers grasp the nuances that follow the news.
In Hardware and Network news this week…
Netris Launches Software for GPU-Powered AI Cloud Networks”
Netris is a leader in cloud-like network infrastructure automation and abstraction, providing innovative solutions that simplify and optimize network management. Netris platform enables businesses to automate network operations, reduce complexity, and improve efficiency. Leading organizations across various industries trust Netris’ network operations software to build and operate CPU and GPU cloud infrastructures.
In Artificial Intelligence news this week….
Pricefx Introduces Composable AI Optimization at Accelerate 2024
Pricefx, the global leader in cloud pricing software, announced PricingAI, encompassing a full range of AI technologies, from industry-leading generative AI for intuitive insight discovery, to modular and customizable optimization for rapid activation. This composable AI optimization is built on Pricefx’s scalable cloud workbench which is the foundation for modular science “bricks” that provide configurations which are productized into high-impact use cases or Accelerators. Customers using composable AI optimization from Pricefx enjoy the industry’s fastest time-to-value with unparalleled flexibility, while ensuring transparency and data sharing across the entire pricing process.
In FinTech news this week….
Fora Financial Appoints Michael Air as Chief Technology Officer
As the founding CTO of CloudPeeps in New York, Air established an online marketplace for freelance marketers, content creators, and social media experts. Most recently, as VP of Technology at The Well, a point-of-service health and wellness provider, he spearheaded the creation of a digital-booking platform that increased online bookings by 40% and built a comprehensive data warehouse. Air has also applied his technology expertise to ReachOut, an online community in Sydney, Australia, supporting young people dealing with depression and substance abuse.
In Computer Science news this week…
DataStax Unveils Glean & AI Integrations at RAG++ NYC
Data preparation and ingestion is one of the biggest challenges when building a GenAI application. Developers are faced with converting massive amounts of existing data, in different formats, into a format suitable for use in retrieval-augmented generation (RAG). Often these documents are too large for embedding models to ingest and must be broken up into smaller segments or chunked.
In HealthTech news this week…
Netsmart Announces Acquisition of HealthPivots
Netsmart announced it has acquired HealthPivots, an Oregon-based market intelligence company for the post-acute care continuum. The combination of the Netsmart CareFabric with the HealthPivots DataLab will lead to consolidated, robust data and advanced analytics, providing an industry-leading platform that will help enhance post-acute care providers transition to value-based care.
In Information and Communications news this week…
ECI Software Solutions Acquires Khameleon Software
ECI Software Solutions, a global provider of cloud-based business management software and services, announced the completion of its acquisition of Khameleon Software, a cloud-based ERP (enterprise resource planning) software company supporting the unique needs of project-based dealers. The strategic acquisition expands ECI’s distribution portfolio with powerful technology designed to support long-term needs and future growth plans for its commercial furniture dealer customers. Terms of the acquisition were not disclosed.
Article of the Week
Operational technology (OT) plays a significant role in various industries, from healthcare to transportation to energy to manufacturing. These technologies are leveraged to manage and track critical business infrastructure such as medical devices, transportation networks, oil rigs, and power plants. The dependence on OT systems is increasing at a rapid scale. Hence, it has become crucial to safeguard these systems from sophisticated cybersecurity threats. Malicious actors are targeting OT environments which can cripple business operations by resulting in equipment failures, production downtime, and safety incidents.