AI TECH,GENERAL AI,AI APPLICATIONS
causaLens | January 25, 2023
On January 24, 2023, causaLens, the London-based deep tech firm and a leader in Causal AI, announced the release of decisionOS, the first operating system to leverage cause-and-effect reasoning for all aspects of an enterprise's decision-making.
Causal AI is a technology that recognizes the underlying web of causes in order to provide essential decision-making insights that current machine learning fails to deliver. The technology is rapidly gaining traction, with 'big tech' businesses such as Amazon, Microsoft, Meta, Google, Spotify, Netflix, and Uber investing extensively in its research. It was recently highlighted in multiple Gartner hype cycles.
decisionOS optimizes business decisions by incorporating Causal AI models into decision workflows at any organizational level. Now, enterprise users across all industrial sectors will be able to comprehend cause and effect relationships to generate actionable insights that take consider company objectives and resource constraints instead of just relying on past patterns and correlations to make predictions. Retailers, for example, can utilize decisionOS' recommendations and insights to determine the optimum pricing for individual products across specific locations while keeping the current business environment in mind.
decisionOS can integrate all of an enterprise's decision workflows serving as a unique one-stop system, including product pricing and promotion, customer acquisition, retention, optimizing manufacturing processes, marketing spending optimization, demand forecasting, supply chain risk management, inventory and order management, and many more.
Founded in 2017, causaLens builds Causal AI powered products that empower organizations to make superior decisions. Leading enterprises across a wide spectrum of sectors rely on its Causal AI-powered technologies. Through an intuitive user interface, its no-code Causal AI platform enables all kinds of individuals to make better decisions. It is working towards the goal of building a world in which people can trust machines with the most challenging problems in the economy, society, and healthcare.
INNOVATION, SOFTWARE, FUTURE TECH
Software AG | March 20, 2023
Software AG has launched a new ChatGPT API Connector for its webMethods.io integration platform. This will allow companies to integrate OpenAI’s new generative AI tool into their business processes to enhance a number of functions, including customer services.
Any company with multi-stage or customer-relevant processes — such as the stages in a retailer's product fulfillment and delivery cycle — can use ChatGPT to help send out updates. Companies in industries from retail to banking to logistics can rapidly decrease the time taken to deliver fully personalized updates to explain any delays or problems. For example, manufacturers are finding that the digital experience is now a priority for partners and customers, as they demand faster and more efficient access to products and services.
Even when data and systems are connected, personalization is often limited to the customer’s name and order details. Now ChatGPT brings in a greater understanding of the status of a process and the ability to automatically generate personalized updates — in a hybrid human/machine approach — to be more empathetic than standard responses.
“ChatGPT has become a very hot topic, and businesses are looking at how they can make the most of it,” said Dr. Stefan Sigg, chief product officer at Software AG. “While there are seemingly endless possibilities, we’re happy to bring some very practical options to life right away. Companies that can move from generic communication to genuinely personalized messages will find that they can deliver a higher level of service to their customers. At the same time, we have seen over the last year or two rapid acceleration in the levels of technical debt, the management of which can be helped with ChatGPT.”
Generative AI can support digital transformation initiatives and tackle the technical debt left in its wake. Recent Software AG research found that companies, on average, are spending 21% of their IT budgets on managing technical debt. The same technical resources needed for clearing technical debt are needed for building digital transformation initiatives. By identifying where ChatGPT can contribute to tasks like legacy code conversion or automation of processes, companies can free up valuable developer time for the most productive, highest-value projects. Generative AI can help with these mission-critical efforts.
All of these functions work best in a hybrid approach of people and technology, but ChatGPT significantly speeds up the time and resources needed.
“Companies are constantly looking for ways to differentiate themselves, especially in an era of continual disruption,” Sigg said. “Of course, the possibilities of ChatGPT extend way beyond these initial use cases. The most important thing is that there is a straightforward way for companies to get started. We’ve launched this new API Connector for webMethods.io so that organizations can begin to use generative AI without having to spend lots of time and resources developing the integrations for it.”
About Software AG
Software AG simplifies the connected world. Founded in 1969, it helps deliver the experiences that employees, partners and customers now expect. Its technology creates the digital backbone that integrates applications, devices, data and clouds; empowers streamlined processes; and connects “things” like sensors, devices and machines. It helps 10,000+ organizations to become a truly connected enterprise and make smarter decisions, faster. The company has more than 5,000 employees across more than 70 countries and annual revenue of over €950 million.
Altair | January 10, 2023
Altair, a pioneer in computational science and artificial intelligence (AI), has released the latest updates of its simulation portfolio, Simulation 2022.2. These updates are built on the enhancements brought by Simulation 2022.1, which will bolster Altair's cloud elasticity, scalability, electrification, and product development capabilities.
Simulation 2022.2 provides a better Altair One experience, offering users flexible access to solutions, applications, data, and computing, allowing the launch of leading tools like HyperView, Altair HyperMesh, Inspire, and SimLab in browsers or on the desktop or laptop. Altair One is a turnkey marketplace that lets users connect to their solutions, data, teams, and computing infrastructure from any device, anytime.
With the latest software updates, product teams can now collaborate on all aspects of electronic systems, printed circuit board (PCB), firmware, and 5G connectivity development in a connected and end-to-end environment to reach their goals faster. In addition, Simulation 2022.2 features better integration between Altair Flux, FluxMotor, SimLab, and the Material Data Center to facilitate improved and streamlined workflows. It also provides advanced modeling capabilities, electrical system design exploration, optimization, faster acoustic and thermal flow analysis. Debugging and post-production servicing updates are also available with Altair EEVision for electronic system design.
With the recent enhancements to Simulation 2022.2, businesses and teams can create comprehensive workflows from concept to production in a unified environment to lower development costs, organizational friction, time-to-market, waste, and material usage.
Altair's integrated software solutions enable users to make confident, well-informed decisions across the entire product lifecycle. Simulation 2022.2 enhances integration amongst Altair simulation products, allowing for streamlined project management and lead-time reduction.
Simulation 2022.2 substantially improves HyperWorks, HyperMesh, Altair Pulse, and HyperWorks CFD. These enhancements enable better modeling analysis through low- and no-code design and engineering tools, reduced pre- and post-processing lead times, improved surface modeling, integrated solver and dashboard capabilities, expanded fluid topology optimization coupled with AcuSolve and EDEM, and more.
Altair is a global technology company that offers software and cloud solutions in simulation, high-performance computing (HPC), and artificial intelligence (AI), helping organizations in nearly every industry compete more effectively in an interconnected world and helping create a more sustainable future. For more than 35 years, it has assisted businesses in their digital transformation efforts to make smarter decisions, save costs, reduce waste, accelerate time-to-market, improve corporate performance, and evolve into a data-driven culture.