New functionality allows customers to ingest, govern, and share data in near real-time, while leveraging the scale and cost-efficiency of a data lake

BOSTON, Nov. 28, 2023 /PRNewswire/ — Starburst, the data lake analytics platform, today at AWS re:Invent 2023 announced new capabilities that enable organizations to build and scale game-changing data applications without compromising on performance or cost. With the increasing interest in building artificial intelligence (AI)-driven data applications, customers need to establish a solid data platform. New features in Starburst Galaxy help customers simplify development on the data lake by unifying data ingestion, data governance, and data sharing on a single platform.

Interactive applications oftentimes require the scalability and cost-efficiency of a data lake, but building and maintaining that data lake is complex and time-consuming for data teams. To overcome these challenges, Starburst has added support for:

Near real-time analytics with streaming ingestion: With streaming ingestion, customers can leverage Kafka to hydrate their data lake in near real-time, ensuring applications have the most up-to-date insights for their users. Upcoming support for fully managed solutions, such as Confluent Cloud, is also planned.

Automated data governance: As new data lands in the lake, machine learning models in Gravity – a universal discovery, governance, and sharing layer in Starburst Galaxy – will automatically apply classifications for certain categories. Depending on the class, Gravity will apply policies granting or restricting access. This automation is particularly useful for teams handling sensitive data like personally identifiable information (PII). Now, as soon as PII lands in the lake, Gravity will be smart enough to identify and restrict access to that data.

Automated data maintenance: New automations make it easy for customers to optimize their data lake by abstracting away common management tasks like data compaction and data vacuuming. Users can now maintain warehouse-like performance without adding brittle manual processes, as the volume and complexity of data in their data lake grows.

Universal data sharing with built-in observability: With Gravity, users can easily package data sets into shareable data products to power end-user applications, regardless of source, format, or cloud provider. New functionality will allow users to securely share these high-quality data products with third-parties, such as partners, suppliers, or customers.

Self-service analytics powered by AI: Not only are data lakes notoriously hard to manage, but the majority of data teams are understaffed. New AI-powered experiences in Galaxy, like text-to-SQL processing, will enable data teams to offload basic exploratory analytics to business users, freeing up their time to build and scale data pipelines.

"Data-intensive initiatives like AI require a solid data foundation to be successful," said Justin Borgman, Co-founder & CEO of Starburst. "We provide that foundation, giving our customers the ability to quickly access and analyze all their data in order to scale applications from the first hundred users to the first thousand and beyond. We ensure optimal performance even with high concurrency and exponentially growing data volumes. The new streaming ingest, data maintenance and governance automations, and data sharing capabilities in Starburst make it remarkably easy for teams to build, deploy, and scale applications on top of the data lake."

Halliburton is already taking advantage of this foundation. "After building good quality data products with Starburst, we saw an opportunity to use LLM to help with that process," said Fahad Ahmad, Data Science Leader, at Halliburton. "Previously it would take 2 to 3 weeks to get an answer to an ad hoc question. By embedding an LLM with Starburst’s data products architecture, data consumers can ask questions in plain language, have it converted to SQL, and get the answer back immediately."

Starburst’s position as an Amazon Web Services (AWS) Data and Analytics Competency Partner, means that AWS customers can rest assured that these features will be made available on the fastest hardware AWS has to provide, including AWS Graviton3 and the newly launched Amazon Simple Storage Service (Amazon S3) Zonal storage class, and will integrate seamlessly with core tools like AWS QuickSight and new tools like Amazon Bedrock.

To learn more about Starburst, including its offerings and integrations, please visit booth 1151 at AWS re:Invent 2023 or the website: www.starburst.io/.

About Starburst
For data-driven companies, Starburst offers a full-featured data lake analytics platform, built on open source Trino. Our platform includes the capabilities needed to discover, organize, and consume data without the need for time-consuming and costly migrations, enabling teams to focus on building differentiating features, not managing analytics infrastructure.

We believe the lake should be the center of gravity, and be the starting point for querying disparate data. With Starburst, teams can access more complete data, lower the cost of infrastructure, use the tools best suited to their specific needs, and avoid vendor lock-in. Trusted by companies like Comcast, Grubhub, and Priceline, Starburst helps companies make better decisions faster on all their data.

Source : Starburst Expands Support for Building Interactive Applications on the Data Lake

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MANCHESTER, England, Nov. 28, 2023 /PRNewswire/ — SmartKem, Inc. (OTCQB: SMTK), a company seeking to reshape the world of electronics with its disruptive organic thin-film transistors (OTFTs) that have the potential to drive the next generation of displays, today announced the appointment of Melisa A. Denis to the SmartKem Board of Directors, effective November 21, 2023. Ms. Denis will serve as the Chair of the Audit Committee of the Board, a member of the Compensation Committee and Nominating and Corporate Governance Committee.

SmartKem Chairman and CEO, Ian Jenks, commented, "We are pleased to welcome Melisa Denis to the SmartKem Board. Melisa’s Big-4 accounting background and public company board experience will be invaluable to SmartKem as we grow our business and pursue our mission to disrupt the world of technology with our leading-edge organic thin-film transistors".

Ms. Denis has served as a member of the audit committee and mergers and acquisitions committee of the board of directors of Hydrofarm Holdings Group, Inc. (NASDAQ: HYFM) since November 20, 2020. Ms. Denis previously served as a partner at KPMG from 1998 to October 2020, including as National Tax Leader for Consumer Goods and as the leader of the Consumer and Industrial Market for Dallas. Ms. Denis has served as a member of the Board of Regents and chair of the audit committee for the University of North Texas System since January 2020, an advisory board member of Women Corporate Directors since 2011, and a board member of Enactus, a global non-profit, since 2019. Ms. Denis is a Certified Public Accountant and received her degree in accounting and her Bachelor of Science and Master of Science from the University of North Texas.

Ms. Denis was appointed to the Board to fill a vacancy created by the resignation, effective November 21, 2023, of Barbra M. Keck as a member of the Board. Ms. Keck will continue to serve as SmartKem’s Chief Financial Officer.

SmartKem’s OTCQB information can be found on the OTC Markets website: www.otcmarkets.com/stock/SMTK/overview 

About SmartKem 
SmartKem is reshaping the world of electronics with its disruptive organic thin-film transistors (OTFTs) that have the potential to drive the next generation of displays. SmartKem’s patented TRUFLEX® semiconductor and dielectric inks, or electronic polymers, are used to make a new type of transistor that could potentially revolutionize the display industry. SmartKem’s inks enable low temperature printing processes that are compatible with existing manufacturing infrastructure to deliver low-cost displays that outperform existing technologies. The company’s electronic polymer platform can be used in a number of display technologies including microLED, miniLED and AMOLED displays for next generation televisions, laptops, augmented reality (AR) and virtual reality (VR) headsets, smartwatches and smartphones.

SmartKem develops its materials at its research and development facility in Manchester, UK, its semiconductor manufacturing processes at the Centre for Process Innovation (CPI) at Sedgefield, UK and retains a field application office in Taiwan. The company has an extensive IP portfolio including 125 granted patents across 19 patent families and 40 codified trade secrets. For more information, visit: www.smartkem.com and follow us on LinkedIn and Twitter @SmartKemTRUFLEX.

Forward-Looking Statements
All statements in this press release that are not historical are forward-looking statements, including, among other things, statements relating to the SmartKem’s expectations regarding its market position and market opportunity, expectations and plans as to its product development, manufacturing and sales, and relations with its partners and investors. These statements are not historical facts but rather are based on SmartKem Inc.’s current expectations, estimates, and projections regarding its business, operations and other similar or related factors. Words such as "may," will," "could," "would," "should," "anticipate," "predict," "potential," "continue," "expect," "intend," "plan," "project," "believe," "estimate," and other similar or elated expressions are used to identify these forward-looking statements, although not all forward-looking statements contain these words. You should not place undue reliance on forward-looking statements because they involve known and unknown risks, uncertainties, and assumptions that are difficult or impossible to predict and, in some cases, beyond the Company’s control. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described in the Company’s filings with the Securities and Exchange Commission. The Company undertakes no obligation to revise or update information in this release to reflect events or circumstances in the future, even if new information becomes available.

Source : SMARTKEM, INC. APPOINTS MELISA A. DENIS TO THE BOARD OF DIRECTORS

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BEIJING, Nov. 28, 2023 /PRNewswire/ — WiMi Hologram Cloud Inc. (NASDAQ: WIMI) ("WiMi" or the "Company"), a leading global Hologram Augmented Reality ("AR") Technology provider, today announced that by integrating data from EEG and fNIRS and using machine learning algorithms for classification optimization, the complementarity between EEG and fNIRS not only improves the accuracy and spatial resolution of brain activity recognition, but also provides more comprehensive data support for neuroscience research.

WiMi’s classification optimization based on EEG and fNIRS mainly includes the key steps of data acquisition and pre-processing, signal fusion and feature extraction, feature weighting and optimization, classifier design and training, and result analysis and optimization. This achieves data fusion and feature extraction by comprehensively utilizing the complementary advantages of EEG and fNIRS signals, and then adopts the weighted optimization method to strengthen the classification effect of features, and designs the classifier model using machine learning algorithms for training and optimization. Finally, the performance and stability of the classifier are improved through the analysis and optimization of the classifier training results. Key components include:

Data acquisition and pre-processing: By acquiring and pre-processing EEG and fNIRS signals. This uses specialized instrumentation for the acquisition of brain activity signals, and pre-processing techniques to filter, denoise, and correct the raw data to eliminate interference and noise, ensuring the reliability and accuracy of subsequent analyses.

Signal fusion and feature extraction: The pre-processed EEG and fNIRS signals are fused and key features are extracted. Fusion includes signal fusion algorithms based on time series, and spatial information fusion techniques. The feature extraction process may involve features extracted from different perspectives, such as spectral features, time-domain features, and spatial distribution features, in the time domain, frequency domain, or spatial domain.

Feature weighting and classifier design: The extracted features are weighted to improve the accuracy of the classifier. Attribute weighting methods based on k-Means clustering or difference-based attribute weighting method techniques are used. Features can be weighted according to their importance to improve the recognition of different features and thus improve the overall classifier performance.

Classifier training and validation: Using the weighted and optimized feature data, appropriate classification models are built, including linear discriminant analysis (LDA), support vector machine (SVM) and k nearest neighbor algorithm (kNN). The performance and accuracy of the classifiers are evaluated by training and validating the data in the training and validation sets to ensure their recognition and generalization of brain activities.

Result analysis and optimization module: Based on the training results of the classifiers, the algorithms and models are analyzed, and the parameters are further optimized and adjusted to improve the performance of the classifiers. By comparing the effects of different weighting methods and classifiers, the optimal solution is selected and further improvement of the algorithm is carried out to meet the needs of specific application scenarios.

WiMi’s EEG and fNIRS-based classification optimization aims to give full play to the complementary advantages of EEG and fNIRS signals, and improve the classification and recognition accuracy of brain activities through reasonable data processing and analysis methods. The cross-fertilization of the fields of neuroscience and artificial intelligence in this technical approach suggests that AI algorithms play an increasingly important role in neuroscience research. Combining machine learning algorithms with brain activity data analysis, can provide richer and more accurate data support for the development of artificial intelligence technology.

The development of WiMi’s EEG- and fNIRS-based classification optimization has brought new possibilities for the application of brain-computer interface technology. The breakthrough in this technology enables brain-computer interface devices to more accurately interpret brain activity and translate it into specific commands or operations, providing a more convenient and efficient way of human-computer interaction.

Overall, classification optimization based on EEG and fNIRS is of great significance and broad prospects in the fields of neuroscience research, artificial intelligence development and medical diagnosis, and its development will bring breakthroughs in the understanding and enhancement of human cognitive abilities. Providing a more accurate and reliable means of analyzing brain activity, helps to explore the working mechanism of the human brain and cognitive processes in greater depth. Through in-depth study of the association between brain activity patterns and cognitive functions, can provide richer data support for cognitive neuroscience research and promote the continuous development of neuroscience.

About WIMI Hologram Cloud

WIMI Hologram Cloud, Inc. (NASDAQ:WIMI) is a holographic cloud comprehensive technical solution provider that focuses on professional areas including holographic AR automotive HUD software, 3D holographic pulse LiDAR, head-mounted light field holographic equipment, holographic semiconductor, holographic cloud software, holographic car navigation and others. Its services and holographic AR technologies include holographic AR automotive application, 3D holographic pulse LiDAR technology, holographic vision semiconductor technology, holographic software development, holographic AR advertising technology, holographic AR entertainment technology, holographic ARSDK payment, interactive holographic communication and other holographic AR technologies.

Safe Harbor Statements

This press release contains "forward-looking statements" within the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," and similar statements. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Among other things, the business outlook and quotations from management in this press release and the Company’s strategic and operational plans contain forward−looking statements. The Company may also make written or oral forward−looking statements in its periodic reports to the US Securities and Exchange Commission ("SEC") on Forms 20−F and 6−K, in its annual report to shareholders, in press releases, and other written materials, and in oral statements made by its officers, directors or employees to third parties. Forward-looking statements involve inherent risks and uncertainties. Several factors could cause actual results to differ materially from those contained in any forward−looking statement, including but not limited to the following: the Company’s goals and strategies; the Company’s future business development, financial condition, and results of operations; the expected growth of the AR holographic industry; and the Company’s expectations regarding demand for and market acceptance of its products and services.

Further information regarding these and other risks is included in the Company’s annual report on Form 20-F and the current report on Form 6-K and other documents filed with the SEC. All information provided in this press release is as of the date of this press release. The Company does not undertake any obligation to update any forward-looking statement except as required under applicable laws.

Contacts
WIMI Hologram Cloud Inc.
Email: [email protected]
TEL: 010-53384913

ICR, LLC
Robin Yang
Tel: +1 (646) 975-9495
Email: wimi@icrinc.com

Source : WiMi Announced an Optimized Classification Based on EEG and fNIRS

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HONG KONG, Nov. 28, 2023 /PRNewswire/ — The groundbreaking ceremony for Akeso (9926.HK)  Shanghai Global R&D Center was successfully held at the Zhangjiang headquarters park in Shanghai. The establishment of the Akeso Global R&D Center signifies a crucial step in Akeso’s innovative globalization strategy, as it plays a crucial role in driving the company’s sustained and high-speed innovative development, enabling the company to enhance its global competitive edge in the field of new drug development.

The Akeso Global R&D Center project is situated in Shanghai’s Zhangjiang headquarters park (Youchuang Park), spanning an area of 14,454.90 m2, with a total construction area of 66,568.86 m2. The planned investment for the project is estimated to be RMB850 million.

Leveraging Akeso’s internationally advanced drug innovation and development system, the Akeso Global R&D Center will align with the group’s R&D strategy and proactively track/lead the latest global research trends. It will focus on cutting-edge areas like gene therapy, cell therapy, neurological diseases, and anti-aging, establishing a leading pipeline for ongoing research while establishing platforms and teams dedicated to tumor microenvironment big data analysis and translational research. Additionally, the Akeso Global R&D Center will utilize Zhangjiang as a gateway, leveraging China’s strengths to connect with global resources, fostering the development of a world-class biopharmaceutical industry cluster in Zhangjiang while facilitating the global expansion of China’s domestic innovative drugs.

For the past 11 years, Akeso has consistently prioritized independent research and development, leveraging advanced research and efficient innovation as a foundation for its growth. The company has effectively carved out a unique and independent path towards development, attaining a remarkable prowess in innovation that is on par with global standards in the biopharmaceutical industry.

"Shanghai serves as China’s gateway to reform and opening-up, as well as the starting point for the international expansion of China’s pharmaceutical industry," said Dr. Yu Xia, Founder, Chairwoman, President, and CEO of Akeso. " The establishment of Akeso’s global R&D center marks a significant milestone in our unwavering commitment and confidence to expedite the implementation of our global expansion strategy. I eagerly anticipate collaborating with industry partners to enhance the global competitiveness of Akeso’s innovative drug research and speed up commercialization. By doing so, we can assist Zhangjiang in Shanghai in constructing a world-class biopharmaceutical industry cluster, facilitate the internationalization of China’s domestic innovative drugs, and ultimately benefit Chinese and global patients."

About Akeso, Inc.

Akeso (HKEX: 09926) is a commercial-stage biopharmaceutical company committed to discovering, developing, manufacturing, and commercializing innovative medicines that address significant medical needs globally. Since our inception, we have established a distinctive and integrated R&D innovation system with the comprehensive end-to-end drug development platform (ACE Platform) and bi-specific antibody drug development technology (Tetrabody) as the fundamental components, a GMP-compliant manufacturing system and a commercialization system with an advanced operation mode.

Akeso is actively developing a diverse pipeline of over 30 innovative assets in areas such as cancer, autoimmune disease, inflammation, metabolic disease, and other therapeutic fields. Among these, 19 assets have entered the clinical stage, with 3 innovative drugs already approved, 13 Phase III studies ongoing. Utilizing its proprietary Tetrabody technology, Akeso has successfully developed the first-in-class PD-1/CTLA-4 bispecific antibody drug for the market. Additionally, the company has five other innovative bispecific antibody drugs in the clinical stage, including ivonescimab (PD-1/VEGF), PD-1/LAG-3, TIGIT/TGF-Beta, PD-1/CD73, and claudin18.2/CD47 bispecific antibodies.

In June 2022, cadonilimab was approved by the NMPA and became the first commercialized bispecific IO drug globally. Another Akeso internally discovered and developed oncology product, penpulimab (a PD-1 antibody), was granted marketing approval in China in August 2021. In December 2022, Akeso entered into a collaboration and license agreement for up to US$5 billion with Summit Therapeutics to accelerate global development and commercialization of ivonescimab. In August, the NDA submission of ivonescimab was accepted by China’s NMPA with priority review. Akeso is listed on the Main Board of the Stock Exchange of Hong Kong Limited.

Contact Akeso Public Relations:
[email protected]

Contact Akeso Business Development :
[email protected]

For more information, please visit https://www.akesobio.com/en/ and follow us on X (formerly Twitter) @AkesoInc

Source : Akeso Launches Construction of Shanghai Global R&D Center to Accelerate Its Innovation Globalization Strategy

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EAST WINDSOR, N.J., Nov. 28, 2023 /PRNewswire/ — Greenland Technologies Holding Corporation (NASDAQ: GTEC) ("Greenland" or the "Company"), a technology developer and manufacturer of electric industrial vehicles and drivetrain systems for material handling machineries and vehicles, today announced that it will present at the upcoming NobleCon 19 on Monday, December 4, 2023, at 3:30 p.m. Eastern Time in Presentation Room 4.

The Company’s management will also host 1×1 and group meetings with investors at the popular conference. Investors can register to attend at website: https://noblecon19.com. The prior 18 NobleCon events included a range of 75-150 presenting companies, with overall attendance capped at 1,000, including investors, key-note speakers, and panel members.

About NobleCon

Now in its 19th year, NobleCon is widely recognized as the preeminent showcase of emerging growth companies. With over 100 executive teams and scores of potential investors ranging from institutions, brokers and family offices, to interested, self-directed individuals, NobleCon is an interactive business environment like few others. The record-breaking migration of buyside firms to South Florida allows for exponential growth in attendance of qualified investors. Panels made up of world-class opinion leaders on topics that will shape the global future, with keynotes including the 2022-2023 NCAA Men’s Basketball Coach of the Year, Dusty May, and an hour-long live fireside chat with the 43rd President of the United States, George W. Bush. To learn more about NobleCon, visit website: https://noblecon19.com.

About Greenland Technologies Holding Corporation

Greenland Technologies Holding Corporation (NASDAQ: GTEC) is a developer and a manufacturer of drivetrain systems for material handling machineries and electric vehicles, as well as electric industrial vehicles. Information on the Company’s clean industrial heavy equipment division can be found at HEVI Corp. 

Safe Harbor Statement

This press release contains statements that may constitute "forward-looking statements." Such statements reflect Greenland’s current views with respect to future events and are subject to such risks and uncertainties, many of which are beyond the control of Greenland, including those set forth in the Risk Factors section of Greenland’s Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission ("SEC"). Copies are available on the SEC’s website, www.sec.gov. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believes," "predicts," "potential," "continue," and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, Greenland’s expectations with respect to future performance. In addition, there is uncertainty about the further spread of the COVID-19 virus or the occurrence of another wave of cases and the impact it may have on the Company’s operations, the demand for the Company’s products, global supply chains and economic activity in general. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated or expected. Statements contained in this news release regarding past trends or activities should not be taken as a representation that such trends or activities will continue in the future. Greenland does not intend and does not assume any obligation to update these forward-looking statements, other than as required by law.

Source : Greenland Technologies to Present at NobleCon 19 Investor Conference

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AUBURN HILLS, Mich., Nov. 28, 2023 /PRNewswire/ — Henniges Automotive has officially appointed Linda Hellebuyck to chief financial officer (CFO) of the company, a position she held in an interim capacity since November 2022. In this role, she will oversee treasury, accounting, financial planning and analysis, risk management, taxation, information technology, legal affairs and capital funding for Henniges.

"Linda has done a fantastic job over the past year as interim CFO and I am thrilled to announce that she will now be taking over the reins on a more permanent basis," said Larry Williams, Henniges Automotive president and Chief Executive Officer. "With extensive financial planning expertise and industry experience, she is a tremendous asset to our team and I know she will continue to flourish in this role."

Hellebuyck has more than 30 years of experience in the finance and accounting space and has worked more than 25 years in the automotive industry. In 2009, she joined Henniges as corporate controller and held that position until taking on the interim CFO role. Prior to joining Henniges, she most recently served as a director of finance for BBi Enterprises Group, Inc. and senior financial analyst and accounting manager at Benteler Automotive Corporation before that. Additionally, she has held accounting positions at Collins & Aikman, Wesley Industries and Dobrowitsky & Associates. Hellebuyck began her career as a staff accountant with General Electric Capital Fleet Services.

Hellebuyck earned a bachelor’s degree in accounting with a minor in finance and economics from Lake Superior State University, in addition to maintaining her CPA certification for the past 27 years. She works out of Henniges Automotive’s headquarters in Auburn Hills, Michigan.

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About Henniges Automotive Holdings, Inc.
Henniges Automotive provides automotive original equipment manufacturers (OEMs) with sealing systems for doors, windows, trunks, lift gates, sunroofs and hoods as well as encapsulated glass systems. Henniges sells to all major automotive OEM customers and operates facilities in North America, Europe and Asia. The company has over 9,000 employees worldwide. For more information, please visit http://www.hennigesautomotive.com/.

Media Contact:
Jennifer VanHorn
Henniges Automotive
[email protected]

Source : Henniges Automotive Officially Names Linda Hellebuyck as Chief Financial Officer

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The first framework to offer a structured approach to implement, measure, and improve interoperability initiatives across capital markets, wealth management, and the broader ecosystem

LONDON, Nov. 28, 2023 /PRNewswire/ — interop.io, the leading interoperability provider for the finance industry, today released its desktop interoperability maturity model. The framework helps capital markets participants, wealth managers, and the broader ecosystem assess and progress desktop interoperability through workflow and UI integration.

For end users, the model defines a clear pathway to optimizing business processes, uncovering data-driven insights, and reducing operational risk to be more effective in their day-to-day roles.

Developers can expect to reduce development, testing, and release times by 50%, as demonstrated by teams following the model.

The roadmap to interop success comes with a lexicon to spark industry debate. It presents firms and the entire ecosystem with an opportunity to impact the successful outcome of digital transformation projects.

Independent research commissioned to validate the model and reset potential bias shows that nearly 70% see interop as a significant element of digital transformation. It also confirmed that while most firms and vendors got the big picture, many still needed clarification on the details of desktop interop and how these concepts could be used to achieve effective digital transformation.  

More so, 57% of the same group of respondents agreed that the lack of collaboration was the biggest obstacle to successful interop projects. Other common setbacks include old-school design thinking, insufficient desktop interop vendor evaluation, lack of governance, and the belief that one must modernize its entire technology stack to web before embarking on desktop interop.

"In times of economic uncertainty and shrinking margins, it’s essential for industry participants to optimize their processes and gain the most from their existing and new technology investments – even when they have to cut costs. A successful interop implementation can help achieve exactly that," said Dan Schleifer, president, interop.io.

"With the interoperability maturity model, we want to open the discussion for interop best practices, journey mapping, and evaluation," Schleifer continued. "Along with helping firms realize where in the interop process they are, we also want to help them anticipate the most common setbacks and increase the chance for a timely and successful interoperability project completion."

Practical benefits include better client service, better user experience, and demonstrable ROI from improved efficiency and effectiveness and reduced error rates. And respondents agreed. 41% of leaders in capital markets stated that interop would result in fewer errors due to rekeying and copy/paste. Others noted a 20% improvement in trading performance.

In addition to evaluating their own interop maturity, firms can select the most suitable application provider based on their interop maturity level. Software vendors can better understand their customers’ interop goals, empowering them to make their applications sticky. One vendor calculated that using interop and guided by the maturity model, they will save over ten person-years of development effort as they modernize their technology stack—finally, system integrators can rely on the model for a clear path and milestones for their clients’ digital transformation projects.

As for the future, interop.io sees an industry shift towards building workflows, the ability of desktop interop to bring together different views from different applications in ingenious ways, and the capability to harness artificial intelligence.

"Future generations of industry participants will look at fragmented desktops with puzzlement. They will wonder how firms managed client interactions, mitigated operational risk, and responded to changing business dynamics," said Leslie Spiro, CEO, interop.io. "What does the future of our industry hold if we cannot translate everyday technology experience from our personal lives into the workplace or empower the next generations of employees."

For more details, you can refer to the maturity model ebook.

About interop.io
interop.io was formed in June 2023 through the merger of Finsemble and Glue42 to create the global powerhouse driving application interoperability in capital markets and beyond. Leveraging FDC3 and workflow automation, interop.io allows clients to create Straight-Through Workflows™ and benefit from unparalleled levels of business agility, a more productive workforce, and better operational control. 

The firm employs over 170 people, including 110 full-time R&D and implementation engineers in New York, Charlottesville, London, and Sofia. For more information, visit interop.io.

Source : interop.io Introduces Desktop Interoperability Maturity Model

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Safeena Husain recognized as the 2023 Wise Prize for Education Laureate for work with Educate Girls

DOHA, Qatar, Nov. 29, 2023 /PRNewswire/ — Her Highness Sheikha Moza bint Nasser, Chairperson of Qatar Foundation, spoke at the opening of the 11th edition of the WISE Summit taking place from 28-29 November in Doha, Qatar, under the theme ‘Creative Fluency: Human Flourishing in the Age of AI’.

Her Highness Sheikha Moza said: "I want to ensure WISE is a platform for new ideas that keep pace with the changes taking place in the world, and the obstacles that education faces in certain countries for reasons of which we are all too aware. There is no alternative but to innovate if we are to find solutions to intractable problems."

During the opening plenary, Her Excellency Sheikha Hind bint Hamad Al Thani, Vice Chairperson and CEO of Qatar Foundation, awarded the prestigious WISE Prize for Education. This is the first global award of its kind that honors an individual for an outstanding contribution to education. Husain was recognized for dedicating 16 years to building the non-profit organization focused on empowering communities for girls’ education in some of India’s hardest to reach villages.

Over the years, Educate Girls has mobilized more than 1.4 million girls for enrolment and supported over 1.9 million children in their learning in India. Thanks to a precision targeting method using AI, Educate Girls is able to target, in 5 years, the same number of out-of-school girls, which would otherwise require 45 years. Through a network of over 21,000 community-based champions in some of the most marginalized communities in the country, the organization has been working to break the intergenerational cycle of inequality and exclusion.

Commenting on the award, Husain said: "This is a collective win for all of us working toward girls’ education, right from the government and local communities to dedicated gender champions and our supporters. It is a testament to the array of initiatives that are actively addressing this global challenge to ensure that every girl, in every village, is in school and learning well.

"Girls’ education is the closest thing we have to a silver bullet to solve some of the world’s most complex problems. We must recognize that the right to education is a girl’s inherent right – a right that must always take center stage."

Contact Email: [email protected]

Source : HER HIGHNESS SHEIKHA MOZA OPENS 11TH EDITION OF WISE SUMMIT

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