GENERAL AI

IBM Acquires Envizi to Help Organizations Accelerate Sustainability Initiatives and Achieve Environmental Goals

IBM | January 13, 2022

IBM_Acquires_Envizi
IBM (NYSE: IBM) today announced it has acquired Envizi, a leading data and analytics software provider for environmental performance management. This acquisition builds on IBM's growing investments in AI-powered software, including IBM Maximo asset management solutions, IBM Sterling supply chain solutions and IBM Environmental Intelligence Suite, to help organizations create more resilient and sustainable operations and supply chains. This acquisition closed on January 11, 2022. Financial details were not disclosed.

IBM is already using Envizi to help streamline tracking and reporting of its progress against the company's own goals in renewable electricity procurement and greenhouse gas (GHG) emissions reduction.

Companies are under mounting pressure from regulators, investors, and consumers to progress toward more sustainable and socially responsible business operations – and to demonstrate these measures in a robust and verifiable way. In fact, corporate social responsibility and environmental sustainability risks tied as the third highest concerns for organizations, as ranked by large corporations in a 2021 Forrester report.1 However, the various types of data companies need to understand and report on sustainability initiatives remains highly fragmented and difficult for all relevant parties to access.

Envizi's software automates the collection and consolidation of more than 500 data types and supports major sustainability reporting frameworks. Its user-friendly and easily customized dashboards enable companies to analyze, manage and report on environmental goals, identify efficiency opportunities and assess sustainability risk. Envizi's solutions help streamline the management of these tasks as part of broader Environmental, Social and Governance (ESG) reporting initiatives, while also providing users with valuable sustainability insights to inform business strategy.

By using Envizi with IBM's broader AI-powered software, companies will now be able to automate the feedback generated between their corporate environmental initiatives and the operational endpoints being used in daily business operations – a crucial step in making sustainability efforts more scalable. For instance, Envizi will integrate with:

  • IBM Maximo asset management solutions, which help companies extend the life of their critical assets, reduce environmental impact by providing intelligent asset management, monitoring, predictive maintenance and reliability in a single platform.
  • IBM Sterling supply chain solutions, which help companies gain supply chain visibility, cut waste by right-sizing inventory, reduce the carbon footprint of shipment and logistics, and ensure responsible sourcing with blockchain-based technology for traceability.
  • IBM Environmental Intelligence Suite (EIS), which helps companies increase resiliency by assessing and planning for the impact of environmental conditions on their operations, assets, and supply chains. EIS uses advanced AI and weather technology from IBM, the most accurate forecasting provider globally.2
  • IBM Turbonomic and Red Hat OpenShift capabilities, which help companies automate decision making when considering where to run enterprise workloads based on optimization of performance, cost and GHG emissions.

Envizi will also help expand IBM Consulting's growing sustainability practice, which is designed to help clients accelerate progress toward their sustainability commitments.

Beyond its ongoing investments in providing clients the most comprehensive AI software to help them accelerate their sustainability initiatives and support their environmental goals, IBM is also using its software to improve its own operational efficiencies, manage energy consumption and drive GHG emissions reduction.  These activities support IBM's commitment to reach net zero GHG emissions by 2030.

Spotlight

Sunil Khandekar, Nuage Networks CEO, discusses the needs of Enterprises today and how SDN combines agility, security and flexibility to fulfill the needs of those Enterprises. Sunil shared current trends and the building blocks of an SDN solution that not only delivers on what Enterprises need today, but can also evolve to meet their future needs.

Spotlight

Sunil Khandekar, Nuage Networks CEO, discusses the needs of Enterprises today and how SDN combines agility, security and flexibility to fulfill the needs of those Enterprises. Sunil shared current trends and the building blocks of an SDN solution that not only delivers on what Enterprises need today, but can also evolve to meet their future needs.

Related News

SOFTWARE

Frontify Introduces the Developer Platform - Public API Allows for Custom Brand Building Experience

Frontify | August 18, 2021

Brand management software company Frontify today announced the launch of the Developer Platform, a series of tools including the GraphQL API which allows Frontify users to customize their brand-building experience, allowing for new integrations with existing technology and the ability to build apps that can easily connect to the platform. This expansion of the Frontify offering comes after a year of banner growth for the company, which helps major corporate brands including Pepsi, Dyson, and Vodafone take better control of their brands. By utilizing the new Developer Platform, Frontify is expanding upon their industry-leading solution and giving customers more flexibility than ever, allowing them to improve efficiency, maintain consistency and collaborate seamlessly with both internal and external stakeholders. “The Frontify Developer Platform was created because each brand has its own tech-stack and set of applications, and tools,” stated Remo Brunschwiler, VP of Product at Frontify. “By opening up our platform to developers, we enable them to automate their brand processes, and mold Frontify into their tool landscape – further elevating their holistic brand ecosystem through Frontify. With the best developer experience in mind, our developer tools and services make building your own integrations a breeze. Now, the platform can integrate with any tools people are using every day.” The Developer Platform includes different tools and services to connect existing apps and build new ones that can link to the Frontify platform. The suite of offerings includes six critical components users need to develop and link their own applications to Frontify, including: Frontify Finder. Easily access all assets that live in Frontify in a more convenient way. Frontify Finder is a prebuilt component that brings client authentication and asset management together into a single flow. Decoupled from the main Frontify application, this will allow assets stored inside Frontify to be conveniently accessible from within any external web application. Frontify Authenticator is a dedicated prebuilt component that implements the OAuth 2.0 flow for public applications (e.g., web apps) to perform client authentication outside of the main Frontify application, allowing Frontify clients to easily access their accounts from within any secure web application. GraphQL API is the open base for extending the functionality of Frontify. The open API gives users the power and flexibility to build apps and integrations on top of the already industry-leading platform. Frontify Image Worker is a powerful service that equips you to show previews of assets on other applications, and manipulate images based on different parameters such as image size, image selection and cropping, and image resolution. Currently in Beta: Frontify Webhooks. Our webhooks provide a simple way that Frontify can speak to other apps, offering developers the possibility to start automating tasks, messages, assets, and much more. Coming Soon: Frontify Custom Blocks. Frontify’s Brand Guidelines include over 38 tailor-made content blocks that allow brands to express themselves – from displaying how the company logo should be used to showcasing brand colors and making them available to download. By introducing our CLI, developers can build, add, and preview new content blocks that fit the specific purposes of their brand. The Frontify Developer Platform is now available to all current Frontify customers. About Frontify Frontify is a market-leading software-as-a-service (SaaS) company that empowers companies including Facebook, Pepsi, Lufthansa, Dyson, Vodafone, and Allianz to manage and develop their brands effectively. Established in 2013 and headquartered in St Gallen, Switzerland, Frontify’s 180+ person team works across the company’s Swiss and New York bases to serve customers around the world.

Read More

SOFTWARE

Encora Acquires Daitan, Increasing Software Engineering Capabilities

Encora | July 07, 2021

Encora, a global provider of next-generation product engineering, announced today the purchase of Daitan, a prominent provider of software engineering services. Encora's worldwide talent pool now stands at 5,500 engineers, thanks to the purchase of 600 engineers and patented product capabilities. Daitan is headquartered in San Ramon, California, with R&D centres in Victoria, British Columbia, Canada, and Campinas, So Paulo, Brazil. "Encora has developed by offering innovation to cutting-edge software firms through new and emerging technologies such as machine learning, cloud services, and design-led digital experience," stated Encora CEO Venu Raghavan. "Adding Daitan's depth of services and subject experience boosts our capabilities in our key industries and broadens our LATAM footprint in Brazil with top-tier personnel." Daitan offers extensive knowledge in AI, data engineering, cloud native architecture, and microservices to Encora's technological skills. Daitan also provides services to a wide range of industries, including FinTech, Healthcare, Telecommunications, and Security. "This is an exceptional chance for us to continue our growth journey as part of Encora and establish the world's premier software engineering services firm," said Augusto Cavalcanti, CEO of Daitan."It's a natural fit that maintains our long-term relationships with both customers and staff, based on Encora's values, core skills, great brand reputation, and Warburg Pincus support." Encora's extensive Latin American presence in Mexico, Costa Rica, Peru, Bolivia, and Colombia, combined with Daitan's presence in Brazil, will enable the merged business to tap into the entire talent pool in the Americas. As a result, Encora is able to speed hiring in order to provide clients with business-critical, highly reliable solutions. About Encora Some of the world's largest IT businesses have chosen Encora as their preferred Innovation partner. Encora is a well-established pioneer in digital engineering services, specialising in innovation acceleration for cutting-edge technology firms, and is backed by premier private equity company Warburg Pincus. Encora will have over 5,500 engineers in 20+ offices and innovation laboratories spanning the United States, Mexico, Central and South America, India, and Asia Pacific following the completion of the Daitan acquisition. Clients can enhance their speed to effect by leveraging Encora's global talent pool, micro-industry vertical expertise, and proprietary agile engineering capabilities.

Read More

AI APPLICATIONS

IBM Unveils On-Chip Accelerated Artificial Intelligence Processor

IBM | August 23, 2021

At the annual Hot Chips conference, IBM (NYSE: IBM) today unveiled details of the upcoming new IBM Telum Processor, designed to bring deep learning inference to enterprise workloads to help address fraud in real-time. Telum is IBM's first processor that contains on-chip acceleration for AI inferencing while a transaction is taking place. Three years in development, the breakthrough of this new on-chip hardware acceleration is designed to help customers achieve business insights at scale across banking, finance, trading, insurance applications and customer interactions. A Telum-based system is planned for the first half of 2022. According to recent Morning Consult research commissioned by IBM, 90% of respondents said that being able to build and run AI projects wherever their data resides is important1. IBM Telum is designed to enable applications to run efficiently where the data resides, helping to overcome traditional enterprise AI approaches that tend to require significant memory and data movement capabilities to handle inferencing. With Telum, the accelerator in close proximity to mission critical data and applications means that enterprises can conduct high volume inferencing for real time sensitive transactions without invoking off platform AI solutions, which may impact performance. Clients can also build and train AI models off-platform, deploy and infer on a Telum-enabled IBM system for analysis. Innovations across banking, finance, trading, insurance Today, businesses typically apply detection techniques to catch fraud after it occurs, a process that can be time consuming and compute-intensive due to the limitations of today's technology, particularly when fraud analysis and detection is conducted far away from mission critical transactions and data. Due to latency requirements, complex fraud detection often cannot be completed in real-time – meaning a bad actor could have already successfully purchased goods with a stolen credit card before the retailer is aware fraud has taken place. According to the Federal Trade Commission's 2020 Consumer Sentinel Network Databook, consumers reported losing more than $3.3 billion to fraud in 2020, up from $1.8 billion in 20192. Telum can help clients to move their thinking from a fraud detection posture to a fraud prevention posture, evolving from catching many cases of fraud today, to a potentially new era of prevention of fraud at scale, without impacting service level agreements (SLAs), before the transaction is completed. The new chip features an innovative centralized design, which allows clients to leverage the full power of the AI processor for AI-specific workloads, making it ideal for financial services workloads like fraud detection, loan processing, clearing and settlement of trades, anti-money laundering and risk analysis. With these new innovations, clients will be positioned to enhance existing rules-based fraud detection or use machine learning, accelerate credit approval processes, improve customer service and profitability, identify which trades or transactions may fail, and propose solutions to create a more efficient settlement process. Telum and IBM's Full Stack Approach to Chip Design Telum follows IBM's long heritage of innovative design and engineering that includes hardware and software co-creation and integration that spans silicon, system, firmware, operating systems and leading software frameworks. The chip contains 8 processor cores with a deep super-scalar out-of-order instruction pipeline, running with more than 5GHz clock frequency, optimized for the demands of heterogenous enterprise class workloads. The completely redesigned cache and chip-interconnection infrastructure provides 32MB cache per core, and can scale to 32 Telum chips. The dual-chip module design contains 22 billion transistors and 19 miles of wire on 17 metal layers. Leadership in semiconductors Telum is the first IBM chip with technology created by the IBM Research AI Hardware Center. In addition, Samsung is IBM's technology development partner for the Telum processor, developed in 7nm EUV technology node. Telum is another example of IBM's leadership in hardware technology. IBM Research, among the world's largest industrial research organizations, recently announced scaling to the 2 nm node, the latest benchmark in IBM's legacy of contributions to silicon and semiconductor innovation. In Albany, NY, home to the IBM AI Hardware Center and Albany Nanotech Complex, IBM Research has created a leading collaborative ecosystem with public-private industry players to fuel advances in semiconductor research, helping to address global manufacturing demands and accelerate the growth of the chip industry. About IBM IBM is a leading global hybrid cloud and AI, and business services provider, helping 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.

Read More