Rackspace Technology Announces Results of Global Cloud Budget Survey, Uncovers the Hidden Complexities of IT Spend Management

Rackspace Technology | August 19, 2020

Rackspace Technology™ (NASDAQ: RXT) today announced the release of a new survey, “Technology Budgets: Managing Shifting Priorities.” The survey examines the proliferation of IT budget management across organizations. The results of the survey indicate that IT budgets are spread across many groups within organizations, making it increasingly difficult for IT decision-makers to maintain visibility into where and how their IT budgets are being spent.

Spotlight

Venu Lambu, Global Head of Cloud and Infrastructure, Cognizant takes you through three types of engagements for digital transformation. Cognizant transformed the legacy infrastructure of a North American credit card processor. Their transformation to hybrid cloud gave them flexibility, speed and a shorter time to market. When they went into their peak season they could handle it in a much more efficient and incident-free manner.

Spotlight

Venu Lambu, Global Head of Cloud and Infrastructure, Cognizant takes you through three types of engagements for digital transformation. Cognizant transformed the legacy infrastructure of a North American credit card processor. Their transformation to hybrid cloud gave them flexibility, speed and a shorter time to market. When they went into their peak season they could handle it in a much more efficient and incident-free manner.

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AI TECH

BeyondMinds, an Enterprise AI Startup, has joined NVIDIA Inception

BeyondMinds | April 29, 2021

BeyondMinds, the endeavor AI startup that has constructed the primary all-around material and effectively versatile AI stage giving creation level AI arrangements at a quick speed, today declared it has joined NVIDIA Inception, a program intended to support new companies reforming ventures with headways in AI and data sciences. BeyondMinds plans to flip the disappointing pace of AI projects underway with its hearty, start-to-finish AI stage, empowering the quick form of AI arrangements, and versatile administration of these underways. BeyondMinds adopts another strategy, that centers around settling the boundaries of true AI, taking care of numerous utilization cases, making advances that work with modest quantities of data, balancing out AI arrangements underway where the data is dynamic and loud, upgrading trust, and the sky is the limit from there, to accomplish expanded worth over the long run. BeyondMinds' cooperation in the NVIDIA Inception program will help convey more effective AI answers for clients throughout the planet. BeyondMinds has effectively joined NVIDIA's gas pedal equipment into its stack and has effectively conveyed the technology for associations across monetary, producing, and different enterprises. The program will likewise offer BeyondMinds the chance to work together with industry-driving specialists and other AI-driven associations. "NVIDIA is a worldwide technology pioneer that controls the absolute most significant developments within recent memory," said Rotem Alaluf, Co-founder and CEO of BeyondMinds. "Banding together with NVIDIA empowers us to speed up and improve how AI is created and overseen across ventures." NVIDIA Inception is a program that helps new companies during the basic phases of item development, prototyping, and arrangement. Each NVIDIA Inception part gets a specially set of progressing benefits, for example, NVIDIA Deep Learning Institute credits, marketing backing, and specialized help, which furnishes new businesses with the key apparatuses to help them develop. In March 2021, BeyondMinds dispatched the business' first conveyance assurance of an underlying creation AI arrangement, ensuring fruitful sending inside 10 weeks for new clients. About BeyondMinds BeyondMinds has assembled the primary endeavor AI framework that is all-around relevant and effectively versatile. We convey hyper-altered, creation-prepared organizations that empower refined organizations to conquer the gigantic 87% disappointment rate in AI appropriation and quickly carry out ROI-positive changes. Established in 2018, the organization has workplaces in Tel Aviv, New York, and London and administrations Fortune 1000 organizations including Microsoft and Samsung.

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AI TECH

Paradigm Shift from ‘Smart’ to ‘AI’ in Edge Computing

Uniquify Inc. | December 30, 2021

On December 29th, Uniquify, a Silicon Valley neural network technology and AI edge computing company, announced its proprietary methods for transitioning consumer smart devices into an AI-powered world. The bottleneck to adopting advanced AI technology is not the difficulty of developing or deploying these complex models, but rather how users can affordably purchase them. Uniquify has found an answer with their Neural Network 2.0 and modeling service that will enable many products to become consumer-facing "AI devices". We have seen many consumer devices like the phone, car, and TV go through a 'smart' paradigm shift in the past few decades, the world is ready for an 'AI' paradigm shift to trigger replacement cycles in those consumer industries and more. I believe today's advanced AI models can be grafted into numerous consumer devices to provide richer experiences and enhanced capabilities for consumers. We believe we are ready to kickstart the 'smart' to 'AI' paradigm shift with our proprietary Neural Network 2.0 and AI modeling technology." Josh Lee, CEO of Uniquify. With neural network 2.0, AI modeling, and cloud technologies combined with digital content technology, Uniquify believes that it is time to upgrade many consumer devices, such as phones or TV sets so they can have capabilities far superior to before when utilizing these emerging innovations in AI. The addition of AI technology to consumer products will make them more interactive and engaging. We are truly excited to introduce our proprietary neural network and cloud technology to transition smart devices to a new generation of AI devices. These advancements are made possible through advanced AI modeling and our revolutionary Neural Network 2.0 technology, which shrinks the neurons in neural networks." The company’s COO, Sam Kim. Uniquify is a leading AI company that specializes in the development of neural network platforms and consumer application SoCs. At the 2020 CES, it plans to unveil Digital Content AI models, neural network 2.0 technology, and high bandwidth & performance AI edge computing SoC.

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AI TECH

ModelOp Extends Automation and Governance for AI and Machine Learning Models

ModelOp | April 30, 2021

ModelOp, the pioneer of ModelOps software for large enterprises, today announced significant updates to the ModelOp Center platform, expanding automation for governing and tracking artificial intelligence (AI) and machine learning (ML) models, making it simpler and quicker to efficiently deploy models and recognize the business benefit and revenue contribution. “Enterprises have made significant investments in their existing IT and governance processes and systems. “It is critical to integrate with these processes and systems to bring models into business quicker and ensure they continue to achieve desired business outcomes,” says Dave Trier, Vice President of Product at ModelOp. “Integration of existing systems eliminates technological and workflow redundancy and enables enterprises to capitalize on the significant investments they have already made in their data and analytics platforms, infrastructure, stores, and security systems.” In the State of ModelOps 2021 Report, respondents identified a lack of integration with existing systems and applications as the most challenging barrier to operationalizing models. New capabilities included in the ModelOp Center upgrade include: • Snowflake, SQL Server, PostgreSQL, IBM DB2, Spark, and HDFS integration enables direct data consumption from these commonly used data sources. ModelOp Center employs an abstraction layer that enables models to connect to a wide range of data sources and model execution sites for batch and online business use cases. • Integration with Vericode allows automatic code scanning for assurance of code completeness for and every model when implemented. • Integration with Vault provides unified access control to models and the applications, data sources, and systems with which they interact during their operational life. • An improved user interfaces with guided task lists, allowing a wider range of users with varying levels of expertise to conveniently track and govern models during their operating existence. If enterprises increase their use of AI models, they quickly understand that ModelOps automation is needed to scale and develop their AI efforts. According to Gartner, more than half of AI models are never completely deployed due to insufficient model operational processes. ModelOp Center solves this problem by automating the governance, tracking, and orchestration of post-development AI/ML models across platforms and teams, lowering costs and business risks, and speeding time to production. A comprehensive process library, customized metadata, and reporting models will reduce time to operationalization by up to 50%. Customers can benefit from real-time tracking and integration of development platforms, data sources, IT systems, Model Risk Management systems, and enterprise apps to simplify and scale AI and ML models, reducing costs by up to 30%. About ModelOp ModelOp, the ModelOps software leader, enables large enterprises to solve the crucial governance and scale complexities required to fully achieve the transformative potential of enterprise AI and Machine Learning investments. G2000 companies use ModelOp Center, which is at the heart of every AI orchestration platform, to govern, track, and orchestrate models around the enterprise and deliver reliable, compliant, and scalable AI initiatives.

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