Why Should You Care about 5G?

Abhinav Anand | March 21, 2022 | 54 views

Why Should You Care about 5G?

Why Should You Care about 5G?

“There's a lot that 4G can do already, but there are cases where the high reliability, high availability, and low latency of 5G make a tangible difference.” - Leo Gergs, Senior Analyst, ABI Research

Spectrum 5G has completely changed the dynamics of several industries, ranging from healthcare to automobiles. The impact of 5G on the healthcare industry has been humongous. Remote diagnostics and procedures, e-health, and responsive wearables will be available in the healthcare industry, and AI assistants may help those with disabilities. Companies like Immersive Rehab, a provider of interactive physiotherapy, are already considering how 5G may improve their services, and 5G is being tested in numerous trials like the Liverpool 5G Testbed.

The 5G network has already made its way into the operating room with Telefónica. It is the first surgical aid system based entirely on 5G technology, with the cooperation of a Malaga hospital.

The 5th generation of the mobile network is the new global wireless standard that would facilitate a new kind of network designed to connect virtually everyone and everything.

Analyzing the Business Benefits of 5G

5G technology isn't just about speed; it is more about life-changing experiences through monumental technologies curated through next-generation networks. According to Deloitte's 2020 Study of Advanced Wireless Adoption, more than 90% of polled enterprise leaders consider advanced wireless technologies, such as 5G and Wi-Fi 6, to be "extremely vital" or "critically important" to their company's success.

"5G isn't just another tech innovation, it's the platform that makes other innovations possible."

Hans Vestberg, Chairman and CEO, Verizon

To answer the question of how 5G will help businesses, let's take a look at the points below:

Faster Connection Speeds

With speeds that are significantly faster than anything currently available, 5G networks have the potential to offer speeds that reach a staggering 10 gigabits per second. With this, businesses can transfer large amounts of data with ease.

Higher Device Capacity

Every growing business will see an increasing number of devices transmitting data simultaneously. 5G promises to handle the ever-increasing loads with a deployment that can support one million connected devices per 0.38 square miles.

Low Latency

Latency is a fundamental metric for organizations looking to get involved in the marketplace for the Internet of Things. With the lower latency offered by 5G, technology organizations can significantly improve their functionality as well as safety.

How Can the C-suite Navigate the 5G World?

By 2023, 5G will account for one-fifth of all mobile data traffic, generating $12 trillion in hardware, software, and service revenue. In addition, 5G networks will considerably impact specific verticals like manufacturing, mobility, cities, healthcare, and telecom companies, with the need to shift their mindsets and company cultures at large.

Users will be able to build 5G networks to give specific benefits at specific times to specific users, giving them new levels of flexibility. Network slicing, for example, enables operators to deliver dedicated virtual networks tailored to the service or consumer, using a single infrastructure to build several networks.

Actionable strategies the C-suite can follow:


Revenue

  • Spend in the short term to be able to generate ROI in the long run
  • Target industry verticals based on specific 5G benefits
  • Discover and create new marketplaces


Culture

  • Refresh the company culture and instill entrepreneurial skills
  • Shift to a co-creation mindset


Agility

  • Leverage edge computing to reduce costs and enhance operational efficiencies
  • Share the learning and believe in continuous collaboration


How Does the Future Look with 5G Enablement?

All 5G enthusiasts must understand that the infrastructure cost is insignificant in comparison to the massive potential for return that 5G-powered innovations hold in transforming the world. 5G communications are all geared up to usher in a full-scale deployment of low-latency and monumental IoT across almost every industry. These 5G features will also help reshape the consumer experience by unlocking an entirely new era in the mobile experience, IoT, and smartphones, along with unprecedented AR and VR capabilities.

Conclusion

Spectrum 5G will undoubtedly change the whole user experience and take it to an entirely new level. With the kind of innovations taking place around 5G technology, it is definitely an exciting time for any business that focuses on new technology.

With the concept of wireless being the last bit of the puzzle, CIOs and C-suite executives only need to ensure that they pick suppliers who provide the best technology available to fulfill their business requirements.

FAQ


Q1: What Is the Future of 5G?

A few more years into the future, almost every application and service will be available on the cloud. This is precisely when the 5G wavelength becomes the instrumental element in our daily lives.

Q2: How Can You Use the Existing Infrastructure to Accommodate 5G Integration?

The first and foremost step here would be to migrate the existing applications to be cloud-based at the earliest. The second step would be to recognize and understand how these applications are optimized for performance and user experience.

Q3: How Would 5G Help Businesses Grow?

Organizations have an open canvas to innovate using the high speed, low latency, and other advantages offered by 5G networks. With 5G delivering value in the enterprise, business leaders can view wireless technology as the key to the future.

Spotlight

Infobip

Infobip is an in-house developed global mobile communications platform for business. Since 2006, our mission has been to create seamless mobile interactions between businesses and people. Today, we're the omnichannel messaging behind the world's largest enterprises. Currently serving 260,000+ enterprise clients through 60 offices on 6 continents we're disrupting mediocrity, challenging the status quo and changing the way people and businesses interact through their mobile devices.

OTHER ARTICLES
FUTURE TECH

Natural Language Processing: An Advanced Implementation of AI

Article | June 7, 2022

Natural Language Processing, also known as computational linguistics or NLP, is a branch of Artificial Intelligence (AI), Machine Learning (ML), and linguistics. It is a subfield of AI that enables computers or machines to understand, manipulate, and interpret human language. Simply put, natural language is the natural method by which humans communicate with one another. We have now trained computers to interpret natural language. Communicating with computers has become simpler with voice queries such as "Alexa, what's the news today?" or "Ok Google, play my favorite songs." Similarly, when you ask Siri, Apple's voice assistant, "What is the cheapest flight to New York later today?" It instantly searches airline and travel websites for flights from the user's location to New York. It also compares the prices and lists the one with the lowest fare first. So, even without specifying a date or the "lowest fare", Siri understands the inquiry and returns accurate results. This is the result of NLP in action. Natural Language Processing: Business Applications Natural language processing has a variety of applications, some of them are listed below. Summarize text blocks to extract the most relevant and core concepts while excluding unnecessary information. Develop a chatbot that makes use of Point-of-Speech tagging to enhance customer support. Chatbots are AI systems that use NLP to engage with people through text or voice. Determine the type of extracted entity, such as a person, location, or organization. Sentiment Analysis can be used to recognize the sentiment or emotions of a text string, ranging from highly negative to neutral to very positive. HR teams can utilize NLP-based solutions to scan resumes based on keyword synonyms and swiftly shortlist candidates from a pile of resumes. Extracting Text data from the data storage allows in extracting specific information from text. Text can be broken down into tokens, or words can be reduced to their root or stem. Topic categorization helps users organize unstructured text. It's a great way for businesses to obtain insights from customer feedback. How Can Businesses Prepare for the NLP-Powered Future? NLP has evolved tremendously, and has benefited both companies and consumers. NLP technologies are assisting businesses to better understand how consumers perceive them through channels such as emails, product reviews, social media postings, surveys, and more. AI technologies can be used not just to analyze online interactions and how people speak about companies but also to automate tedious and time-consuming operations, enhance productivity, and free up staff to concentrate on more meaningful duties. When it comes to NLP the sky is the limit. As NLP technology is becoming more prevalent and greater advancements in ability are explored, the future will witness enormous shifts. Here are some of the ways in which businesses can prepare for the future of NLP. Analyze your company's text data assets and evaluate how the most recent techniques can be used to add value. Understand how you can use AI-powered language technology to make wiser decisions or rearrange your skilled labor. Start implementing new language-based AI tools for a range of jobs in order to better understand their potential. Prepare now to capitalize on transformative AI and to make sure that advanced AI contributes to society fairly. Closing Note Thanks to natural language processing technology, conversational commands and everything related to conversational AI in businesses have become faster and better. Natural language processing helps large businesses make flexible choices by revealing consumer moods and market movements. Smart companies now make decisions based not only on data but also on the intelligence derived from NLP-powered system data.

Read More
FUTURE TECH

Augmented Reality: A Dynamic Change to Enhance Your Business

Article | May 5, 2022

Meta Description: Evaluating the impact of augmented reality in business ROI, while also understanding how CMOs leverage AR effectively in their marketing mix. While several technological advancements have been aiding in improving lifestyle, they have also been making drastic impacts on the business front. Over several years now, the world has seen various exposure to augmented reality. The usage of Augmented Reality for business has effectively transformed the technology from an entertainment concept to a crucial enterprise tool. According to Statista, 23 million jobs across the globe could be directly affected by AR and VR by 2030, and over 824,000 of those jobs are currently using these technologies in their workplace. Impact of Augmented Reality on Business In simple terms, Augmented Reality (AR) is a computer-generated enhancement that is placed over the existing reality we see with our human eyes. It offers the option to add dimension, sound and other experiences to any two-dimensional picture or video. Even when this might seem like something complex to be implemented in business, it isn't as challenging as it looks. With each passing year, AR has effectively been penetrating deeper into businesses, making a drastic impact on various functioning. Marketers have effectively been integrating the use of AR into their marketing strategies, and it has grown overall in the mainstream business functioning by being readily available for users to leverage. Industries That Should Leverage Augmented Reality Technology Uses of Augmented Reality is a prospect that business owners across multiple industries leverage to their advantage. While the core idea is to use the technology to aid and improve human performance, the industries that effectively utilize this resource are: Healthcare Education Travel and Tourism Manufacturing Defense Automotive Industry Retail How Seamless Integration of AR Can Impact Your ROI? Facebook said in March 2021 that it had allocated a complete 20% of its personnel to AR and VR development. That is a really massive investment by a corporation that has built a reputation for wisely investing in monetization and focused on creating bottom-line results. Augmented reality is on the path to becoming the next most significant development in an array of industries, ranging from medical to consumer retail. With the nature of augmented reality technology being highly dynamic, it is essential to have a successful strategy that ensures the integration of AR solutions that provide accurate and tangible results that align with the audience. Additionally, uses of augmented reality in business have also been capable of creating more meaningful engagement with customers. For the first time, new forms have made interaction real and measurable. As a result, brands may see precisely how many people engage with their collateral, how many times and where, for how long, and which direct actions they took: purchase, discount coupon, or social shares, for example, by leveraging IR/AR to turbo-charge paid media. "I do think that a significant portion of the population of developed countries, and eventually all countries, will have AR experiences every day, almost like eating three meals a day, it will become that much a part of you." Tim Cook, Chief Executive Officer of Apple Future of Your Business with AR Integration While augmented reality in business is becoming a crucial component for businesses these days and will revolutionize the future of business. According to Global Market Insights, the global market for AR goods will rise by 80% to £165 billion by 2024. The rise of the AR industry is closely tied to increased attention and investments from leading technology firms such as Facebook. Overall, the augmented reality technology market will develop at the fastest rate by 2023, primarily to the growing usage of smartphones, tablets, and other devices in consumer, commercial, and business settings to adopt AR technology. Furthermore, with the rising need for augmented reality in healthcare and retail, there are a plethora of new prospects and rising demand for augmented reality in architecture and the corporate sector. How Are CMOs Leveraging AR for Their Marketing Mix? Several top executives and leading CMOs are leveraging the benefits of augmented reality to expand the engagement, awareness and value around their services and products. In addition, numerous organizations from different industries and of various sizes in the B2C and B2B space are now using augmented reality technology to differentiate their product and services by effectively implementing AR strategies in their marketing mix. With a game-changing armor in their arsenal in the form of augmented reality, marketing executives trying to promote and sell more successfully can hence perform better, with purchasing experience becoming the new focal point. Conclusion Augmented reality in business is a prospect that offers a massive opportunity to engage with millions of users effectively. AR offers executives to ideally establish an immediate and sensory-driven connection of the brand with consumers by forging an emotional interaction. Repetitive engagement is a successful advertising approach for companies since it only requires AR app development expenditures, and additional benefits may be gained via repeated exposure. In the ever-dynamic state of our current existence, leveraging the benefits of augmented reality can come handy in elevating your business to the next level. FAQs How Can Customers and Businesses Benefit from AR? AR effectively increases engagement and interaction and helps provide a richer user experience. Several research has shown that AR increases the value of products and brands. Implementing AR activities is ideal and conveys innovation and responsiveness from forward-thinking brands. How Does AR Help Organizations Gain a Competitive Advantage? Augmented reality allows the organization to create a unique customer experience while also eliminating cognitive overload. It also ensures that user engagement heightens along with competitive differentiation. AR, after all, is a technology that enables a pure blending of physical and digital reality. How Will the Use of AR Technology Impact the Future of Business Functioning? Augmented reality is constantly evolving to become an emerging marketing and sales strategy trend. AR technologies allow organizations to provide their customers a unique experience with convenience by tapping into their smartphone devices.

Read More
FUTURE TECH

How Does IT Vendor Selection and Management Work?

Article | December 21, 2021

What Is the Importance of IT Vendor Selection and Management? Ideally, the IT vendor management process is an umbrella term for all the processes and systems organizations use to manage their IT suppliers. This is where an organization works with vendors to optimize its supplies and services. There could be several vendors an organization is associated with for unique services and offers. With proper vendor management, an organization can take appropriate measures to control costs, reduce potential risks, and ensure excellent service delivery. But the catch here is that it isn't as easy as it sounds. This includes researching the best available vendor, sourcing and obtaining pricing information, gauging the quality of work, managing relationships, and evaluating performance by setting organizational standards. Most Common Challenges in Vendor Management Even though there are many benefits, organizations face certain challenges during IT vendor selection and their management. Some of these most common challenges are mentioned below: High administrative costs Incomplete documentation Non-compliance Poor vendor relationships Security breaches Supply chain inefficiencies While there were some nuanced changes in the selections between various businesses, both large and small, the results indicate that organizations often face the same challenges no matter where they’re coming from. How Do IT Vendor Selection and Management Help an Organization? In contemporary times, with geographical and economic barriers constantly diminishing, organizations look for different types of vendors worldwide. Even if the organization is working with just one vendor, it is essential to have effective vendor management in place. With proper vendor management, an organization can experience the following benefits: Better Selection With the right vendor, your organization can benefit from a more extensive selection of vendors, resulting in more choices and better costs. Better Contract Management If there is multi-vendor management in place, your organization can benefit from a centralized view of the current status of all contracts and other useful information. This will enable your organization to achieve better decision-making capabilities. Better Performance Management Using a vendor management system, an organization can get an integrated view of the performance of all the vendors. This would give your organization a clear understanding of what is working and what is not. Better Vendor Relationship Managing multiple vendors at the same time can be a difficult task. By accumulating all vendor-related information in a single place, organizations benefit from getting all required information at once, and this can influence your decision-making process. Exploring the Ideal Process of IT Vendor Selection In a world where we are constantly progressing with increasing IT specialization, organizations must be able to rely on their partners. There are some specific steps that an organization can take up to make the whole IT vendor selection process more successful. The six-step process of ideal IT vendor selection: Kick-off and requirement definition Market research and first vendor filtering Request for proposal Evaluating responses Proof of concept Choosing the vendor There are also some common mistakes that organizations make while selecting their vendor. Some of these common errors are listed below: Not evaluating the vendor and only their offerings Communication indiscretion Not comparing vendors or similar stature Today, outsourcing is increasingly used by companies as an enabler for innovation. Technological advancements drive improvements in service delivery, which positively impact cost, enhance functionality, improve service quality, and reduce the importance of location on service delivery. Disruptive technologies like cloud computing enable solutions such as Salesforce.com or ServiceNow to accelerate speed to value and drive business growth. This leads to a change from the traditional IT organization to the next generation IT organization. The operating model needs more agility to respond faster and at different speeds to new service offerings. Outsourcing models have reached their third generation and involve a multi-vendor environment, requiring more transparency and integrated vendor management. Best Techniques to Improve Vendor Management The vendor management process is a crucial component for any organization, as it allows them to build a relationship with their suppliers and service providers that would help strengthen their business. Vendor management is not only about negotiating the price; the most essential aspect is coming to a conclusion that would mutually aid both organizations. Some effective techniques that can be utilized for effective IT vendor management are: Share information and priorities Balance commitment and competition Allow critical vendors to help you strategize Build partnerships that would last long term Try to understand your vendor's business process Negotiate and conclude with a win-win agreement Come together on value Conclusion Ideally speaking, vendor selection and managing that relationship can sometimes be challenging. Once you follow the process mentioned above to select the right vendor for your organization, the steps ahead will get a little easier. However, there is still the process of managing and building that relationship with the vendor. "The objective of vendor management is to fortify company success and overall marketplace performance." - Sean-Michael Callahan, Principal at The NiVACK Group. FAQ What Is Vendor Management in the IT Sector? The process that allows organizations to control costs, strengthen service, and reduce risks throughout the process of outsourcing to vendors while getting the most value from the investment is called vendor management in the IT sector. What Is a Vendor Selection Process? The vendor selection process is a subsidiary stage that allows for the clear stating, defining, and approval of those vendors who are eligible to meet the requirements of the procurement process. What Is the Role of Vendor Management? The vendor management process ideally facilitates and maintains relationships between your organization and vendors, negotiating contracts, creating standards for the vendors, and finding the best available vendors.

Read More
SOFTWARE

How SAAS Is Redefining Software Industry

Article | April 21, 2022

Software-as-a-Service (SAAS) has been a trending topic in the tech field in recent times. The success of the cloud has accelerated the demand for software delivery from on-premises to cloud-based. Start-ups are in a rush for SAAS transformation, delivering the very same solution over the internet. From Google Docs and Sheets to enterprise-level software, SAAS has established a foothold in every sector. With the oncoming of SAAS, the perception of computer software has changed. In this article, we will take a look at how SAAS is redefining and transforming the software industry. Better Accessibility Any software that is preferred to have better and centralized availability is preferred. Better availability is one of the factors that makes SAAS stand out. With centralized availability of both applications and data, users will have a hassle-free experience – with zero installation overheads and no commitments to carry in any device and data. SAAS is accessible from anywhere around the world on any device. There is a big advantage to SAAS over traditional software, which can only be used on a specific device. Ease of Upgrade To ensure continued security and access to new features, software releases are followed by updates and upgrades, which, once issued, become the sole responsibility of the user to install. A hassle-free upgrade makes SAAS the solution to be chosen. All updates and upgrades are performed on the server side, ensuring no downtime and minimal installation troubles. Moreover, most users do not take the updates and upgrades into account due to their delay in installation and trouble setting up. In this aspect, SAAS enables providers to better serve their users by ensuring they are using the latest releases and fixes. Zero Hardware Upgrades As time moves on, software demands higher resources for it to work smoothly. Zero hardware upgrades will bring a new and better user experience. All the hardware configurations will be managed at the cloud level, with no changes required on the client-side. A large increase in resources might have an influence on the subscription cost, but it is a better alternative to requesting end-users larger hardware. This will be a beneficial aspect for resource-heavy applications like graphics and design-related applications. Thus, a major part of configuration at the hardware and software levels (drivers) is abstracted from the users. Better Security and Protection from Piracy Traditional on-premise software is always vulnerable to cracking and piracy. With SAAS tools and software, there will be no piracy, and increasing security can be feasible. SAAS works on a subscription model where the purchase of the software is tied to a user account, and a fee is paid monthly or yearly to use the software. On-premise software is subject to reverse engineering, where the activation system is tampered with, and the software can be used for free. Similarly, data has better security in the cloud with continuous encryption and backup than on an on-premise system, wherein the data security and backup require user effort as well. Zero Compatibility Issues Software programs are subject to compatibility requirements where the OS or certain dependencies might not support a specific piece of software. With SAAS, there are no more compatibility-related conflicts since the OS and other dependencies and resources are managed by the provider itself. End-users need not comply with any compatibility requirements for the software to work. This aspect also provides users an advantage in terms of storage. The application and its dependencies usually take up a large amount of space. SAAS takes care of dependencies on the server end. Better Team Collaboration SAAS is an option that proves better for collaboration-based teams. Software delivery over the network comes with an account linked to it for sign-in and collaboration. Teams that work together can get better benefits when using SAAS tools since they enable sharing and collaboration on work items. Traditional software has limited or no collaboration capabilities, thus limiting productivity. SaaS can also keep data in sync on a number of devices, giving users a real-time experience.

Read More

Spotlight

Infobip

Infobip is an in-house developed global mobile communications platform for business. Since 2006, our mission has been to create seamless mobile interactions between businesses and people. Today, we're the omnichannel messaging behind the world's largest enterprises. Currently serving 260,000+ enterprise clients through 60 offices on 6 continents we're disrupting mediocrity, challenging the status quo and changing the way people and businesses interact through their mobile devices.

Related News

FUTURE TECH

Intel hosts oneAPI DevSummit for AI in 2022

Intel | July 01, 2022

The oneAPI DevSummit for AI 2022 will be a live virtual event that will be hosted by Intel on July 12, 2022. The event will focus on the construction of AI applications that scale fluidly from edge to cloud. Researchers, data scientists, and developers are invited to this one-day conference to: Make connections with business leaders who are focused on overcoming obstacles in AI development to boost output and spur innovation. Discover drop-in optimizations for well-known deep learning, machine learning, and data analytics frameworks and libraries such as TensorFlow, PyTorch, scikit-learn, and more. Demonstrations of Intel AI tools for end-to-end development, including data preparation, training, inference, deployment, and scaling, are available. Attend a hands-on class to learn how to develop an AI program for finding dinosaurs. Attend technical presentations and roundtable conversations with professionals from Accenture, RedHat, Google, and Intel.

Read More

FUTURE TECH

Geminus.ai launches first of its kind predictive intelligence platform

Geminus.ai | June 14, 2022

Geminus.AI announces the launch of its first product; a predictive intelligence platform that has the power to transform how companies design and operate industrial products and processes. The Geminus Platform fuses adaptive AI with physics using multi-fidelity modeling to enable creation of predictive models that uniquely combine high accuracy and speed, fast updating, and quantified uncertainty. The product allows users to leverage key information on hand, such as low- and high-fidelity simulation, as well as real-world data, to efficiently create high performing predictive models that can be used for a variety of use cases including process design and control optimization. "Lam’s interest in Geminus is driven by the potential to employ their hybrid modeling capability to better predict how our equipment would behave in high volume manufacturing and optimize designs accordingly.” Faran Nouri, a director of Geminus and VP at Lam Research, an investor in Geminus The investments an organization makes in modeling technology can be staggering and the risks associated with generating expensive, ineffective models are high. Compared to conventional physics-based alternatives, Geminus improves ROI with faster, more effective models, reducing the risks of bad decision making. It also provides another step toward enabling digital twins, with all the advantages they can offer. “We believe that AI in its current form will struggle to deliver ROI in complex systems that cannot tolerate insufficient accuracy and dynamically change over time. For example, our models can power digital twins that predict the behavior of highly complex processes, and enable increased productivity, at a level that does not yet exist today,” said Greg Fallon, CEO of Geminus.ai. About Geminus Geminus exists to address the challenges of conventional AI, which includes heavy data requirements, long training times, and difficulty updating. The Geminus platform uses novel, physics-informed AI computing to translate constraints of the physical world inside resilient digital models. Furthermore, it requires only sparse data, and models are easily updated with the infusion of new data points. Data scientists and modeling engineers can use the platform to predict the behavior of complex systems and help them make informed decisions.

Read More

FUTURE TECH

Union.ai releases UnionML for seamless creation of web-native machine learning applications

Union.ai | June 10, 2022

Union.ai, provider of the open-source workflow orchestration platform Flyte and its hosted version, Union Cloud, today announced the release of UnionML at MLOps World 2022. The open-source MLOps framework for building web-native machine learning applications offers a unified interface for bundling Python functions into machine learning (ML) microservices. It is the only library that seamlessly manages both data science workflows and production lifecycle tasks. This makes it easy to build new AI applications from scratch, or make existing Python code run faster at scale. UnionML aims to unify the ever-evolving ecosystem of machine learning and data tools into a single interface for expressing microservices as Python functions. Data scientists can create UnionML applications by defining a few core methods that are automatically bundled into ML microservices, starting with model training and offline/online prediction. "Creating machine learning applications should be easy, frictionless and simple, but today it really isn't., The cost and complexity of choosing tools, deciding how to combine them into a coherent ML stack, and maintaining them in production requires a whole team of people who often leverage different programming languages and follow disparate practices. UnionML significantly simplifies creating and deploying machine learning applications." Union.ai CEO Ketan Umare UnionML apps comprise two objects: Dataset and Model. Together, they expose function decorator entry points that serve as building blocks for a machine learning application. By focusing on the core building blocks instead of the way they fit together, data scientists can reduce their cognitive load for iterating on models and deploying them to production. UnionML uses Flyte to execute training and prediction workflows locally or on production-grade Kubernetes clusters, relieving MLOps engineers of the overhead of provisioning compute resources for their stakeholders. Models and ML applications can be served via FastAPI or AWS Lambda. More options will be available in the future. About Union.ai Union.ai helps organizations deliver reliable, reproducible and cost-effective machine learning and data orchestration built around open-source Flyte. Flyte is a one of a kind workflow automation platform that simplifies the journey of data scientists and machine learning engineers from ideation to production. Some of the top companies, including Lyft, Spotify, GoJek and more, rely on Flyte to power their Data & ML products. Based in Bellevue, Wash., Union.ai was started by founding engineers of Flyte and is the leading contributor to Flyte.

Read More

FUTURE TECH

Intel hosts oneAPI DevSummit for AI in 2022

Intel | July 01, 2022

The oneAPI DevSummit for AI 2022 will be a live virtual event that will be hosted by Intel on July 12, 2022. The event will focus on the construction of AI applications that scale fluidly from edge to cloud. Researchers, data scientists, and developers are invited to this one-day conference to: Make connections with business leaders who are focused on overcoming obstacles in AI development to boost output and spur innovation. Discover drop-in optimizations for well-known deep learning, machine learning, and data analytics frameworks and libraries such as TensorFlow, PyTorch, scikit-learn, and more. Demonstrations of Intel AI tools for end-to-end development, including data preparation, training, inference, deployment, and scaling, are available. Attend a hands-on class to learn how to develop an AI program for finding dinosaurs. Attend technical presentations and roundtable conversations with professionals from Accenture, RedHat, Google, and Intel.

Read More

FUTURE TECH

Geminus.ai launches first of its kind predictive intelligence platform

Geminus.ai | June 14, 2022

Geminus.AI announces the launch of its first product; a predictive intelligence platform that has the power to transform how companies design and operate industrial products and processes. The Geminus Platform fuses adaptive AI with physics using multi-fidelity modeling to enable creation of predictive models that uniquely combine high accuracy and speed, fast updating, and quantified uncertainty. The product allows users to leverage key information on hand, such as low- and high-fidelity simulation, as well as real-world data, to efficiently create high performing predictive models that can be used for a variety of use cases including process design and control optimization. "Lam’s interest in Geminus is driven by the potential to employ their hybrid modeling capability to better predict how our equipment would behave in high volume manufacturing and optimize designs accordingly.” Faran Nouri, a director of Geminus and VP at Lam Research, an investor in Geminus The investments an organization makes in modeling technology can be staggering and the risks associated with generating expensive, ineffective models are high. Compared to conventional physics-based alternatives, Geminus improves ROI with faster, more effective models, reducing the risks of bad decision making. It also provides another step toward enabling digital twins, with all the advantages they can offer. “We believe that AI in its current form will struggle to deliver ROI in complex systems that cannot tolerate insufficient accuracy and dynamically change over time. For example, our models can power digital twins that predict the behavior of highly complex processes, and enable increased productivity, at a level that does not yet exist today,” said Greg Fallon, CEO of Geminus.ai. About Geminus Geminus exists to address the challenges of conventional AI, which includes heavy data requirements, long training times, and difficulty updating. The Geminus platform uses novel, physics-informed AI computing to translate constraints of the physical world inside resilient digital models. Furthermore, it requires only sparse data, and models are easily updated with the infusion of new data points. Data scientists and modeling engineers can use the platform to predict the behavior of complex systems and help them make informed decisions.

Read More

FUTURE TECH

Union.ai releases UnionML for seamless creation of web-native machine learning applications

Union.ai | June 10, 2022

Union.ai, provider of the open-source workflow orchestration platform Flyte and its hosted version, Union Cloud, today announced the release of UnionML at MLOps World 2022. The open-source MLOps framework for building web-native machine learning applications offers a unified interface for bundling Python functions into machine learning (ML) microservices. It is the only library that seamlessly manages both data science workflows and production lifecycle tasks. This makes it easy to build new AI applications from scratch, or make existing Python code run faster at scale. UnionML aims to unify the ever-evolving ecosystem of machine learning and data tools into a single interface for expressing microservices as Python functions. Data scientists can create UnionML applications by defining a few core methods that are automatically bundled into ML microservices, starting with model training and offline/online prediction. "Creating machine learning applications should be easy, frictionless and simple, but today it really isn't., The cost and complexity of choosing tools, deciding how to combine them into a coherent ML stack, and maintaining them in production requires a whole team of people who often leverage different programming languages and follow disparate practices. UnionML significantly simplifies creating and deploying machine learning applications." Union.ai CEO Ketan Umare UnionML apps comprise two objects: Dataset and Model. Together, they expose function decorator entry points that serve as building blocks for a machine learning application. By focusing on the core building blocks instead of the way they fit together, data scientists can reduce their cognitive load for iterating on models and deploying them to production. UnionML uses Flyte to execute training and prediction workflows locally or on production-grade Kubernetes clusters, relieving MLOps engineers of the overhead of provisioning compute resources for their stakeholders. Models and ML applications can be served via FastAPI or AWS Lambda. More options will be available in the future. About Union.ai Union.ai helps organizations deliver reliable, reproducible and cost-effective machine learning and data orchestration built around open-source Flyte. Flyte is a one of a kind workflow automation platform that simplifies the journey of data scientists and machine learning engineers from ideation to production. Some of the top companies, including Lyft, Spotify, GoJek and more, rely on Flyte to power their Data & ML products. Based in Bellevue, Wash., Union.ai was started by founding engineers of Flyte and is the leading contributor to Flyte.

Read More

Events