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Biobest, a global leader in biocontrol and pollination, has expanded its partnership with ecoation, a pioneer in robotics and artificial intelligence technologies for horticulture. Along with Biobests $10 million investment in ecoation, the companies are also joining forces to develop new integrated pest management (IPM)-related technologies and go global with a commercial alliance.

The Biobest investment follows on the heels of $10 million in public funding for ecoation from the Canadian government and an earlier infusion of $2.5 million from existing investors through a round led by Pallasite Ventures. This combined funding will support a commercial roll-out of ecoations cutting-edge dynamic data harvesting platform based on a combination of deep biology, computer vision, sensor technology, AI, and robotics.

Jean-Marc Vandoorne, Biobest CEO, says ecoations capacity to deploy a broad array of new technologies to deliver practical and economical solutions for the worlds most ambitious greenhouse growers is outstanding.

Their team is deeply committed to make a contribution to sustainability in horticulture and realizes the immense potential for further data-driven advances in biological control and integrated pest management, Vandoorne says. Together we have all it takes to be the best-in-class in IPM in the upcoming era of data-driven greenhouse crop production. Our teams are excited about these joint developments and committed to show growers the path from artificial intelligence to additional income.

Dr. Saber Miresmailli, founder and CEO of ecoation, says the announcement is the beginning of a new chapter.

Besides our shared vision for the future of agriculture, we also share the same values. We are passionate about sustainability and have a relentless drive to provide world class service to our customers, Miresmailli says. We nurture our colleagues to grow and to use their talent to make the world a better place. We believe in collaboration and have the humility to constantly and continuously improve our offerings. This shared vision is a strong foundation for success and Biobests worldwide network will help us make a difference on a global scale.

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Ecoation is a grower-centric platform that merges deep biology, artificial intelligence, intelligence augmentation, and robotics to create technology that change the way growers produce and protect food. See all author stories here.

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Biobest Makes Investment in Robotics and Artificial Intelligence - Greenhouse Grower

COPENHAGEN, Denmark--(BUSINESS WIRE)--Corti.ai, one of the leading SaaS companies in the fast-growing category of Artificial Intelligence for healthcare, announces a $27 Million Series A round.

The investment was led by Vaekstfonden -The Danish Growth Fund and Chr. Augustinus Fabrik, who joins existing investors Hearcore, Id Invest, and byFounders. The company was founded by Lars Maale and Andreas Cleve in 2016.

Unlike the majority of Artificial Intelligence startups that are pursuing image recognition use cases, Corti has focused on improving the workflow around patient consultations. Corti's machine learning platform can listen in during patient consultations and help to document, code, and quality assure the interaction in real-time, saving time and reducing risk. Corti started working within emergency medicine, supporting emergency calls focused on cardiac arrest and COVID-19 cases but has since then moved into supporting medical staff conducting consultations across healthcare.

Andreas Cleve CEO:Healthcare professionals only have a few minutes with each patient, and these encounters are compromised by keyboards and screens, hated by patients and doctors alike. What we've been able to prove at Corti is that machine learning can be a life-saving tool by offering a new kind of deep listening that will not only improve patient outcomes but also save time and money.

The company's patented technology automatically listens in during patient consultations on phone or video. Here it uses machine learning models to transcribe and analyze thousands of variables within each consultation.

Lars Maale CTO:"Not only is our technology able to document consultations, it automatically compares each patient's symptom description to millions of other patients to offer real-time decision support during the engagement, like nothing else available in the market today."

Since its inception several studies have validated the efficacy of Cortis human-computer partnership and found that Corti can help medical professionals deliver best-in-class results. Research from Copenhagen Emergency Services found that Corti could help reduce the amount of undetected out-of-hospital cardiac arrest cases by more than 40%, with almost no training of the personnel needed.

The new funding comes on top of the $5m seed round raised in 2019, and the company plans to use the money to fuel its expansion into primary care in the US. We will use this $27m raise to accelerate Cortis growth plans further in the coming years, new products will be launched, and we have plans to enter primary care and win the US market for consultations intelligence.

We are very proud of our work in the field of emergency medicine, but already today we are analyzing roughly 250.000 low acuity consultations per month, proving that the technology can be a massive value-add for both telehealth companies, clinical call-centers, and GPs around the world, Lars Maale explains.

The company has won several accolades for its innovations within applied artificial intelligence, including VentureBeat's Best Global AI Innovation 2018" and the "Future Unicorn Award 2020" award by the European Commission for being the most likely next unicorn from the European continent.

"Although we are humbled by the overwhelming feedback we have received, we have a dauntingly ambitious roadmap ahead, and as long as there are patients who need Corti to listen in to get the help they need, we have work to do'', CEO Andreas Cleve explains.

Several investors commented about their decision to back Corti.ai and its consultation intelligence platform:

"The global healthcare system has been tested over the last 18 months, and it has shown some fundamental challenges around availability and access to expertise that needs to be addressed. Robust and ethical technology can help solve some of these critical problems, and we believe Corti is a shining example of a revolutionary technology that can help define the market for artificial intelligence in healthcare.- Rolf Kjrsgaard, CEO Vaekstfonden

We have been following the company for a long time, and we are pleased to contribute to the continued rapid growth. To be able to build a category-defining product with world-class technology that can save human lives is not only commendable, it's also a fantastic opportunity that we are proud to back.- Claus Gregersen, CEO Chr. Augustinus Fabrikker:

About CortiCorti is a Danish health-tech company that has developed a software platform leveraging artificial intelligence to help healthcare personnel during patient consultations. As the consultation progresses, Corti's artificial intelligence is listening in to write notes, search databases, and compare symptom descriptions with millions of historical cases to ensure each patient gets the optimal treatment. The company is among the global leaders in applied artificial intelligence and has been recognized with several awards.

About Chr. Augustinus FabrikkerChr. Augustinus Fabrikker is a more than 270-year-old company that has positioned itself as a long-term and professional owner of Danish companies. This is done with great respect for the fact that ownership and day-to-day management are different disciplines. Chr. Augustinus Fabrikkers philosophy is that of being a committed and loyal owner with a focus on dialogue, trust, and long-term value creation in companies with an international outlook. The ownerships include Tivoli, Gyldendal, Jeudan, Royal Unibrew, Fritz Hansen and Podimo. Chr. Augustinus Fabrikker is a subsidiary of the Augustinus Foundation, which is one of Denmark's major cultural foundations. With a balance of more than DKK40 billion Chr. Augustinus Fabrikker's investments make it possible to reinvest actively in the Danish business community in parallel with contributing to the Augustinus Foundation's philanthropic activities. See more at: http://www.augustinusfabrikker.dk

About VaekstfondenVaeksfonden is the Danish states investment fund. Working in close collaboration with banks and domestic and international investors, Vaekstfonden discovers and develops the companies that Denmark cannot afford to miss out on. The power of innovation, yield to society and responsibility are the three signposts that guide Vaekstfonden in finding and choosing new projects. Since 1992, Vaekstfonden has contributed more than DKK 38 billion to help develop and grow more than 10.000 companies. See more on: https://vf.dk/.

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Corti.ai Raises $27 Million in Series A Funding to Transform Patient Consultations With Artificial Intelligence - Business Wire

By Shiran Weitzman, CEO, Shield

Compliance has always played a pivotal role across financial firms and banking institutions in an effort to pinpoint and mitigate various risks across communication channels, including market abuse, insider trading, spoofing, front-running, and even sexual harassment and racism. For decades, legacy vendors have been at the forefront of providing services to these institutions to flag and report any compliance and security breaches. This process was typically done manually where the compliance team would sift through emails and phone records and flag anything that appeared nefarious. While somewhat tedious, these compliance measures have helped institutions maintain industry wide standards and regulations as well as their own internal standards for employee conduct.

However, over time technology has evolved and has now become a mainstay across all industries, including banking and finance, offering support and assistance to organizations and institutions, making them more effective and efficient in their daily operations. More specifically, artificial intelligence has provided the banking and finance industries with comprehensive compliance tools that automate the process. While these measures can be implemented to make compliance and security oversight easier, it does come with its share of challenges including regulator hesitancy which stems from historical concerns regarding bias, discrimination, and privacy, which has now ultimately led to some calling for policymakers to introduce overly burdensome regulations on the technology. Nonetheless, the adoption of artificial intelligence will continue to grow, as its already demonstrated immense value playing a significant role in the future of banking and finance.

Concerns over AI and the Potential to Regulate

Artificial intelligence has proved and continues to prove itself to be one of the most valued assets, across all industries, that enables companies to rapidly evolve and conduct their business more effectively and efficiently. However, it does bring with it criticism and concern in which regulators and skeptics are asking the question, can artificial intelligence be transparent? Can we trust it? There have been reports of bias, discrimination, invasiveness to private data and violations of human rights, which has led the European Union to propose the Artificial Intelligence Act which will aim to impose restrictions on artificial intelligence in an effort to regulate the technology and eliminate these instances. While the law would impact all industries, there would be a particular focus on high-impact sectors which includes both the banking and finance industries.

While these regulations seem to have the publics best interest and values in mind, it also proposes an impractical solution, especially if other countries seek to implement them. According to the Center for Data Innovation, these new regulations would cost the European economy more than $30 million to introduce and manage. Should policymakers enact these regulations, they would ultimately spend more on regulating the technology than the cost of compliance itself, making it illogical. The banking and finance industries have already seen artificial intelligence at work and have reaped the benefits and any service less than what theyre accustomed to would be a setback.

One of the major concerns from a technology standpoint is that artificial intelligence relies on what is referred to as the black box, which means regulators are able to see what goes into the AI and what comes out but are unable to see how the algorithms and technology actually works. Tech companies are hesitant to share their algorithms whats inside the black box because it can lead to potential intellectual property infringement and theft. While the European Union continues to push for some type of reform, it is important they realize that they need to work directly with tech companies to implement risk management solutions that provide thorough training and regular testing to offer protections against biases.

Communication in Todays Digital and Remote Work Environment

Over the last few decades, there has been a steady stream of new communication methods that have surfaced including SMS, Slack, WhatsApp, etc. As these new channels have become dominant in the way we communicate daily in both our personal and professional lives, it has become harder and nearly impossible for compliance teams to provide security oversight and carry out thorough reviews and investigations. In 2020, financial organizations saw an increase of 54% in tickets coming in through WhatsApp. While new communication channels are making it easier and are being more heavily relied on to communicate, its also indirectly creating opportunities for security and compliance breaches.

These new channels alone call for the use of artificial intelligence to make compliance more effective and efficient. However, with the new workplace environment where many are working outside of the office and from home, it is even more critical for banking and financial institutions to find a better way to maintain compliance regulations. With a dire need to address compliance across all communication channels, many are turning to artificial intelligence as a solution as it provides automated compliance and security oversight that is more advanced and tech-driven especially when communicating over encrypted messaging services. This ultimately will provide banks with a valuable resource that allows employees to continue using messaging apps and services that are in line with privacy laws like GDPR, ensuring separation between personal and business data.

AIs Value to Compliance in the Banking and Finance Industries

Financial institutions have struggled with communication storage and while still new to the industry, artificial intelligence provides the support and solution to overcome. Artificial intelligence enables compliance officers and institutions the ability to automate all elements of their communications data management. This includes capturing data, enriching it with third party data such as CRM, normalizing it and allowing the compliance officer the ability to seamlessly investigate, archive and retain data. Under regulatory rules, there is an immense amount of both structured and unstructured data which is required for recordkeeping. Additionally, artificial intelligence can combine all data sources which in turn makes advanced searches and the ability to perform full investigations more efficiently.

In addition to the previously mentioned capabilities, artificial intelligence is revolutionizing financial compliance and redefining the way in which communications compliance risk is managed. Financial institutions are able to mitigate risk, improve operational efficiency, and reduce compliance costs by being afforded the ability to proactively detect and alert on abnormalities in communication including threats or violations such as insider trading, providing an in-depth analysis and breakdown of various communication triggers, and offering the ability to manage and customize alerts based on their specific needs, regulations, and procedures.

Implementing Artificial Intelligence Responsibly

For any organizations or institutions that decide to implement artificial intelligence for compliance purposes, it is incredibly important that it is done so responsibly. It is critical that banking and finance organizations work with companies who can fulfill their internal needs as well as meet industry standards and regulations. With much discussion around transparency, it is key to ensure the ability to separate personal data from professional data, conduct business without the consequences of bias and discrimination, and offer data that is easily interpreted and explained by compliance team members. These capabilities are readily available and continue to be top of mind when creating and developing new artificial intelligence models and algorithms.

Compliance and security measures are in place to keep our businesses and employees safe and protected from various risks and market abuse. The fact of the matter is that the old way of doing things just cant keep up and is no longer an effective process.

While trust from regulators, or lack thereof, continues to play a role in the acceptance of artificial intelligence, it will not prevent companies from adoption and implementation as long as new opportunities continue to arise to mitigate risk, cut compliance costs, and increase operational efficiency. Artificial intelligence is only going to continue to develop and evolve, leaving banking and financial institutions to get on board to keep up with the fast pace of communication and do their due diligence in following regulations. The alternative? Continue to rely on outdated legacy vendors and risk failing to maintain industry wide regulations. Artificial intelligence can and will drastically improve compliance and security oversight.

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The Role of Artificial Intelligence in Compliance and Security Oversight - International Banker

DUBLIN--(BUSINESS WIRE)--The "South America Workplace Services Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Service Type, Organization Size and Large Enterprises, and Vertical" report has been added to ResearchAndMarkets.com's offering.

Consumer Goods and Retail Segment is expected to be the fastest growing during the forecast period for the SAM region.

SAM Workplace Services Market is expected to reach US$ 7680.59 million by 2028 from US$ 3365.00 million in 2021. The market is estimated to grow at a CAGR of 12.5% from 2021 to 2028.

The report provides trends prevailing in the SAM workplace services market along with the drivers and restraints pertaining to the market growth. Rising significance of enterprise mobility is the major factor driving the growth of the SAM workplace services market. However, issues associated with the escalating security concerns hinder the growth of SAM workplace services market.

The market for SAM workplace services market is segmented into service type, organization size, vertical, and country. Based on services type, the market is segmented into end-user outsourcing services, and tech support services core. In 2020, the end-user outsourcing services segment held the largest share SAM workplace market.

Based on organization type the workplace services market is divided into- Small and medium-sized enterprises (SMEs) and large enterprises. Large enterprises is expected to the fastest growing segment over the forecast period. On the basis of vertical the market is segmented into Media and Entertainment, BFSI, Consumer Goods and Retail, Manufacturing, Healthcare and Life Sciences, Education, Telecom- IT and ITES, Energy and Utilities, Government and Public Sector, Others. The Telecom-IT and ITES segment accounts for largest market share in the 2020

The presence of various developing countries in SAM makes this region one of the key markets for the future growth of the workplace services market. The growing population, rising disposable income, high demand for advanced technologies, and huge focus on digital transformation are some of the key factors expected to drive the growth of the workplace services market in SAM.

The high number of confirmed cases and deaths due to COVID-19 in major SAM countries such as Brazil, Peru, Chile, Ecuador, and Argentina have affected the region in 2020. Subsequent to the coronavirus epidemic, IT and software businesses have received a lift in several countries of SAM since digital acceleration, and the need for remote work has accelerated the market growth even in the pandemic. Thus, the workplace services market is not majorly affected during the pandemic.

Accenture, Atos SE, Cognizant, Inc., Fujitsu Limited, HCL Technologies, IBM Corporation, NTT DATA Corporation, Tata Consultancy Services Limited, Unisys Corporation, and Wipro Limited are among some of the leading companies in the SAM workplace services market.

The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020 Fujitsu announced it has signed a two-year agreement with HMRC, under the agreement Fujitsu will provide its Digital Workplace Services to HMRC.

Market Dynamics

Market Drivers

Market Restraints

Market Opportunities

Market Trend

Companies Mentioned

For more information about this report visit https://www.researchandmarkets.com/r/rjhwae

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South America Workplace Services Market Forecast to 2028: Unification of Artificial Intelligence (AI) to Revolutionize Workplace Services Business -...

By: Jonathan Wall September 8, 2021

Dont be deceived by the sleek look: Cleveland Golfs Launcher XL irons are designed for the game-improvement golfer who needs an abundance of forgiveness and technology.

The hollow cavity construction features a new variable-thickness Mainframe face that was created using Artificial Intelligence. In recent years, AI has played a larger role in the club design process as manufacturers have continued to push the boundaries, particularly when it comes to face construction.

With AI taking the lead on face design, Clevelands engineering team focused on improving the common high-toe mishit for mid-to-high handicap golfers. Compared to the previous generation, Launcher XL offers a 15 percent increase in MOI (a measure of forgiveness) on high-toe strikes in an effort to tighten the distance loss delta.

Along with adding mishit protection, AI helped locate the optimal shape, weighting, and variable thickness pattern for each iron in the set, in an effort to increase distance and forgiveness across the entire face structure.

Loft-specific grooves were also added to each face to manage spin. The 4- through 7-iron have wide, flat grooves for moderate spin, while the 8-iron through wedge feature tightly-packed, deeper laser-milled grooves to generate additional spin and friction at impact.

In terms of impact improvements, a v-shaped sole with a raised leading edge was added to allow the sole to slide through the ground with less drag. According to Cleveland, the sole geometry should make it easier for golfers with a heavy strike to maintain speed and power as the head enters and exits the turf.

An 8-gram weight was also added to the butt end of the grip for a slight counterbalance to help consistently square up the face at impact. For golfers who dont typically play counter-balanced products, the manufacturer also designed a custom configuration thats a half-inch shorter without the extra mass in the grip.

Clevelands Launcher XL irons will be available Sept. 17 and retail for $800 (7-piece steel) and $900 (7-piece graphite).

Want to overhaul your bag for 2021? Find a fitting location near you at GOLFs affiliate companyTrueSpecGolf.For more on the latest gear news and information, check out our latest Fully Equipped podcast below.

Jonathan Wall is GOLF Magazine and GOLF.coms Managing Editor for Equipment. Prior to joining the staff at the end of 2018, he spent 6 years covering equipment for the PGA Tour.

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FIRST LOOK: Clevelands Launcher XL irons get the Artificial Intelligence treatment - Golf.com