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Cirralto signs five year referral agreement with Fresh Supply Co for trade finance services – Proactive Investors Australia

The two companies will tackle the agricultural business sector through Fresh Supply Cos customer network.

() has signed a five-year non-exclusive referral agreement with Fresh Supply Co Pty Ltd to grow CROs global payments and cashflow solutions business that is addressable via cross border payment processing and export cashflow products.

Collectively, Cirralto and Fresh Supply Co will tackle the agricultural business sector through Fresh Supply Cos customer network.

In conjunction with Invigo, Cirralto will provide trade finance solutions and integration services to business customers, in addition to merchant on record payment services via existing arrangements.

The company will also provide its payments processing services to the agricultural businesses to further leverage its revenue-generating potential.

Under the terms of the agreement, Fresh Supply Co may introduce joint customers to Cirralto through sales referrals and business opportunities andCirralto will retain at least 70% of the gross profit margin on each customer contract.

Speaking to the agreement, chief executive officer Adrian Floate said: Working with Fresh Supply Co to help Aussie farmers is very humbling.

By utilising our flexible payment solutions and the data mining technology intrinsic in Fresh Supply Cos business, we are able to positively impact Australias Agricultural industry to drive improved cash flow and better business growth for those businesses.

Data like animal health, weight, age and fat score are part of the animal specification that forms material terms of an agricultural sales contract.

Fresh Supply Co are constantly gathering this data from all sorts of data point and creating a digital feed that enables a farmer to demonstrate to a buyer and us as a non-bank lender that is complying with a sales contract.

They givevisibility into the farming process which means we can reward a farmer for achieving their contract targets with faster payment and lower cost finance."

Headquartered in Brisbane, Australia and founded in 2017 by Dr Benjamin Lyons and David Inderias, Fresh Supply Co operates in several countries including Australia, Japan, USA, Latin Americaand Europe.

Its executive team consists of CEO David Inderias and COO Georgie Uppington, who has several decades global experience in technology management.

Fresh Supply Co acts as a data layer specialising in capturing operational farming data from a variety of sources and making it consumable by the financial sector.

The ongoing data flow is visible through Fresh Supply Cos technology and enables continuous credit risk assessment, minimisation of exposure, and automated triggering of payments based on the meeting of specific milestones or criteria.

Combining this data mining technology with Cirralto's established Business to Business (B2B) payment solutions and trade finance services enables B2B transactions with a reduced risk of non-payment, improved efficiency, and cash flow for the customer.

Specific to the agricultural industry, this agreement will enable Fresh Supply Cos network of more than 20 livestock, grain, fruit and vegetable farmers the ability to utilise Cirraltos flexible payment solutions and access finance at a better rate.

The companies are currently working on a strong pipeline of opportunities in payments and non-bank lending presenting a material revenue-generating opportunity for Cirralto.

Fresh Supply Co CEO David Inderias said: As a supply-chain digitisation company weve been working to provide the agricultural business with transparency across the supply chain.

This agreement combines the collective knowledge and resources of both parties to facilitate better access to working capital for the agriculture business.

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Executive job with SINGAPORE UNIVERSITY OF SOCIAL SCIENCES | 259335 – Times Higher Education (THE)

Job Description

The position will report to the CD/IC. It supports the knowledge creation initiative and evaluation / impact measurement of the Centre with the conceptualization and execution of research projects and related activities related to learning innovation in Singapore. He/she also leads other activities such as conceptualising and organising of roundtables, content creation for the iN.LAB microsite in the form of horizon scanning, trend monitoring, articles or case studies, as well as conducting evaluation and impact measurement activities such as collection and analysis of post-event data, and other relevant information and data related projects. Key activities related to these responsibilities include:

a. Conceptualise and develop research proposal;b. Prepare and plan research project logistics, schedule and activities.c. Review, collate and analyse literature and findings;d. Design research instruments;e. Propose the different research techniques appropriate at different stages of the project;f. Data gathering, processing and cleaning in preparation for data mining and analysis;g. Analysis and research writing in required formats (reports, papers, articles); andh. Manages the bibliographies and literature review of the research reports.

Job Requirements

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Underground hazards: Work-related deaths in South Africas mines rose 33% in the past six months Minerals Council – Daily Maverick

A mine worker uses a drill on the rock face as he works deep underground. (Photo: Nadine Hutton / Bloomberg via Getty Images News)

South Africas mining industry has made strides on the health and safety front, but the noble goal of zero harm remains elusive and that may well be the case until it is only robots that go underground.

According to data compiled by industry body the Minerals Council South Africa, 309 miners were killed on the job in 1999. Thats about one a day, if Sundays are excluded.

By 2019, the body count had been slashed to 51, a record low over the past century of the industrial-scale mining which built Africas most advanced economy while entrenching racial disparities in wealth and income that persist to this day.

A range of factors have been behind these improvements, including pressure from regulators, unions and investors, with the latter increasingly concerned about ESGs environmental, social and governance issues. Mechanisation, where the geology has allowed, has played a role, along with the rollout of safety nets and other initiatives in conventional settings.

But worryingly, the toll rose to 60 in 2020, a year in which fewer work hours were logged in the sector because of lockdown restrictions.

In 2021 to date, 32 miners have lost their lives on the job in South Africa, a 33% increase on the same period last year, the Minerals Council revealed on Thursday during a media briefing to mark its annual National Day of Health and Safety.

We saw in 2020 a deterioration in minings safety performance in terms of fatalities. Worse still, thus far in 2021, we are seeing a further deterioration in the fatality trend. This is not acceptable to us, as the Minerals Council and the industry, said Minerals Council president Nolitha Fakude.

Falls of ground and rock bursts combined accounted for 11 deaths this year, the same number recorded in the same period in 2020, which remains a major cause of concern.

The Minerals Council last year mandated its Rock Engineering Technical Committee (RETC) to develop an action plan to eliminate such fatalities, known as FOGs (fall of ground).

Challenges include an exodus of experienced rock engineers from South Africa, with most of those remaining reaching retirement age.

The committees recommendations include spending R40-million on R&D over five years in areas such as seismicity and the real-time monitoring of signs of instability or stress in rock formations. Skills development to fill the rock engineering gap, promoting changes in risky behaviour and revising bolt netting techniques are among the other recommendations.

The industry can certainly afford to spend some money on this issue as the current commodities boom flows to the bottom line of many companies, massively boosting their profits. And overall, things are a far cry from the apartheid and colonial eras, when the lives of grotesquely exploited black miners hardly registered in the boardroom. DM/BM/MC

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SBH Health System Selects ElectrifAi’s Machine Learning Technology to Transform Operations – KPVI News 6

JERSEY CITY, N.J., July 8, 2021 /PRNewswire/ -- ElectrifAi, one of the world's leading companies in practical artificial intelligence (AI) and pre-built machine learning (ML) models, announced today its collaboration with St. Barnabas Hospital, the flagship of the SBH Health System, a teaching institution caring for an underserved population in the Bronx.

The collaboration will rapidly bring SBH operational efficiencies, cost savings, spending control, increased revenue and risk reduction. SBH will leverage ElectrifAi's pre-built machine learning models for spend, contract, revenue capture, claim denials, patient engagement and leakage, and many other applications.

SBH can now leverage vendor terms, uncover inappropriate charges, missed discounts and additional findings by transforming contracts into a strategic digital asset. SBH will receive detailed views of spend by doctor, physicians group, facility and other fields as discovered through spend analytics from various data sources. SBH will also be able to audit identified missed charges for billing and re-bill opportunities by uncovering missed charges from a vendor's revenue cycle management system.

ElectrifAi's 17 years of practical machine learning expertise with spend analytics, contract management, customer/patient engagement and machine learning models devoted to patient claims denials can help optimize and improve the operations of SBH and make SBH the trailblazer of the greater Tri-State medical community.

"For years, our customers in financial services, telecom and retail have improved their business processes though our practical machine learning technology. Now our clients in healthcare are benefitting from our integrated pre-built machine learning models tailored to the business of running hospital systems more cost-effectively," said Ed Scott, CEO of ElectrifAi. "Now, SBH Health System and its peers can accelerate implementation of machine learning to drive revenue uplift, reduce costs, increase profit and improve general performance amid a fast-changing business environment. We are thrilled about our collaboration with SBH," Scott added.

"We are very excited about our collaboration with ElectrifAi. The challenges of running a hospital system efficiently in today's fast-paced world can be daunting; but through the help of ElectrifAi's leading-edge practical machine learning models, we look forward to rapidly implementing operational efficiencies that will help us keep pace and continue to serve our patients and community at the highest levels," says Dr. Eric Appelbaum, Chief Medical Officer of SBH.

About ElectrifAi

ElectrifAi is a global leader in business-ready machine learning models. ElectrifAi's mission is to help organizations change the way they work through machine learning: driving revenue uplift, cost reduction as well as profit and performance improvement. Founded in 2004, ElectrifAi boasts seasoned industry leadership, a global team of domain experts, and a proven record of transforming structured and unstructured data at scale. A large library of Ai-based products reaches across business functions, data systems, and teams to drive superior results in record time. ElectrifAi has approximately 200 data scientists, software engineers and employees with a proven record of dealing with over 2,000 customer implementations, mostly for Fortune 500 companies. At the heart of ElectrifAi's mission is a commitment to making Ai and machine learning more understandable, practical and profitable for businesses and industries across the globe. ElectrifAi is headquartered in New Jersey, with offices located in Shanghai and New Delhi. To learn more visitwww.electrifAi.netand follow us on Twitter@ElectrifAiand onLinkedIn.

About SBH Health System

St. Barnabas Hospital is the flagship of the SBH Health System, a teaching institution which cares for an underserved population in the Bronx. A major provider of ambulatory care services, with more than 200,000 outpatient visits annually, the 422-bed hospital includes a Level II trauma center, a stroke center and a hemodialysis center. SBH is also a major provider of behavioral health services through its various programs designed to support and meet the mental health needs of adults, teens and children in the borough.

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Qeexo and STMicroelectronics Speed Development of Next-Gen IoT Applications with Machine-Learning Capable Motion Sensors – EE Journal

Mountain View, CA and Geneva, Switzerland, July 7, 2021Qeexo, developer of the Qeexo AutoML automated machine-learning (ML) platform that accelerates the development of tinyML models for the Edge, andSTMicroelectronics (NYSE: STM),a global semiconductor leader serving customers across the spectrum of electronics applications,today announced the availability of STs machine-learning core (MLC) sensors on Qeexo AutoML.

By themselves, STs MLC sensors substantially reduce overall system power consumption by running sensing-related algorithms, built from large sets of sensed data, that would otherwise run on the host processor. Using this sensor data, Qeexo AutoML can automatically generate highly optimized machine-learning solutions for Edge devices, with ultra-low latency, ultra-low power consumption, and an incredibly small memory footprint. These algorithmic solutions overcome die-size-imposed limits to computation power and memory size, with efficient machine-learning models for the sensors that extend system battery life.

Delivering on the promise we made recently when we announced our collaboration with ST, Qeexo has added support for STs family of machine-learning core sensors on Qeexo AutoML,said Sang Won Lee, CEO of Qeexo.Our work with ST has now enabled application developers to quickly build and deploy machine-learning algorithms on STs MLC sensors without consuming MCU cycles and system resources, for an unlimited range of applications, including industrial and IoT use cases.

Adapting Qeexo AutoML for STs machine-learning core sensors makes it easier for developers to quickly add embedded machine learning to their very-low-power applications,said Simone Ferri, MEMS Sensors Division Director, STMicroelectronics.Putting MLC in our sensors, including the LSM6DSOX or ISM330DHCX, significantly reduces system data transfer volumes, offloads network processing, and potentially cuts system power consumption by orders of magnitude while delivering enhanced event detection, wake-up logic, and real-time Edge computing.

About Qeexo

Qeexo is the first company to automate end-to-end machine learning for embedded edge devices (Cortex M0-M4 class). Our one-click, fully-automated Qeexo AutoML platform allows customers to leverage sensor data to rapidly build machine learning solutions for highly constrained environments with applications in industrial, IoT, wearables, automotive, mobile, and more. Over 300 million devices worldwide are equipped with AI built on Qeexo AutoML. Delivering high performance, solutions built with Qeexo AutoML are optimized to have ultra-low latency, ultra-low power consumption, and an incredibly small memory footprint. For more information, go tohttp://www.qeexo.com.

About STMicroelectronics

At ST, we are 46,000 creators and makers of semiconductor technologies mastering the semiconductor supply chain with state-of-the-art manufacturing facilities. An independent device manufacturer, we work with more than 100,000 customers and thousands of partners to design and build products, solutions, and ecosystems that address their challenges and opportunities, and the need to support a more sustainable world. Our technologies enable smarter mobility, more efficient power and energy management, and the wide-scale deployment of the Internet of Things and 5G technology. Further information can be found atwww.st.com.

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Trust Swiftly Launches 15 Verification Method Platform with Machine Learning to Increase E-commerce Fraud Prevention – Yahoo Finance

Identity Verification Company Trust Swiftly focuses on providing companies a customizable verification package that keeps authenticated users in the fast lane, while requiring high-risk users further checks to defeat multiple fraud attacks

MILWAUKEE, WI / ACCESSWIRE / July 8, 2021 / Trust Swiftly launches the first-ever identity verification platform featuring 15 different methods of authentication that safely approves real e-commerce customers while stopping fraudsters fast.

By combining multiple verifications, Trust Swiftly provides legitimate customers the most efficient and enjoyable experience possible while fraudulent actors are quickly identified. The platform is customizable and allows users the capability to feature as many of the verification methods as they see fit.

This package allows companies to treat each customer uniquely in a pay-as-you-go pricing package without lengthy contracts. In addition, to the extensive verification methods, the Trust Swiftly system allows clients to store their data in over 22 regions worldwide which creates a high level of privacy as Trust Swiftly is not collecting any unnecessary information from their customers' database.

According to Digital Commerce 360 analysis of U.S. Department of Commerce Data, 2021's Q1 e-commerce shopping spiked to nearly 20 percent compared to 7.6 percent in 2012. The speed at which e-commerce shopping is growing shows not only the capability of companies to get products and services to customers efficiently, but the increasing trust customers have gained doing so online.

'As our capabilities increase in delivering goods and services online, so does the expertise of fraudulent actors looking to infiltrate businesses,' said Patrick Scanlan, co-founder and CEO of Trust Swiftly. 'Not only have fraud actors become more sophisticated, but they continue to advance. Our machine learning system tracks hundreds of distinct attributes from each verification and can identify the fraudulent patterns automatically and in turn prevent declines and loss growth due to fraud.'

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In fact, according to a Juniper Research report, e-commerce retailers are at risk of losing more than $20 billion in 2021 due to fraud. Trust Swiftly beta clients saw their fraud rates drop by 40 percent, with one client seeing a $15,000 per month return on investment by easily authenticating customers and stopping repeat fraud.

The 15 methods of verification include options like phone SMS ownership, credit card ownership, ID ownership, selfie liveness, document ownership and geolocation to name a few. Trust Swiftly's technology accurately detects irregularities and provides a central and dynamic platform to verify users no matter the attacks faced.

With global coverage without security compromises and compliance with privacy regulations, Trust Swiftly is quick and easy to set up with no additional coding required to integrate with the suite of applications. For more information, please visit Trust Swiftly.

About Trust Swiftly

Trust Swiftly accurately detects fraudulent identities using a dynamic set of verification methods and machine learning so businesses can trust their customers and grow faster. Its privacy-first platform and flexible pricing allow companies to integrate identity verification into multiple business processes.

Trust Swiftly was founded in 2021 and is headquartered in Milwaukee, WI and available in 100+ countries and seven different languages. For more information about the suite of applications visit trustswiftly.com.

Media Contact

Company: Trust SwiftlyContact: Andrew WilliamsTelephone: +1 312-945-0121Email: andrew@trustswiftly.comWebsite: https://trustswiftly.com/

SOURCE: Trust Swiftly

View source version on accesswire.com: https://www.accesswire.com/654739/Trust-Swiftly-Launches-15-Verification-Method-Platform-with-Machine-Learning-to-Increase-E-commerce-Fraud-Prevention

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Boosting IT Security with AI-driven SIEM – IT Business Edge

Employing SIEM (security information and event management) software provides the enterprise with threat monitoring, event correlation, incident response, and reporting. SIEM collects, centralizes, and analyzes log data through enterprise technology, including applications, firewalls, and other systems. It subsequently alerts your IT security team of failed logins, malware, and other potentially malicious activities.

However, over the years, SIEM has barely evolved beyond the ability to provide a better, more searchable rule-based log engine. The marriage of recent Artificial Intelligence (AI) and Machine Learning (ML) technologies with cybersecurity tools promises a glorious future.

In 2016, Gartner coined another new term, Artificial Intelligence for IT operations, or AIOps. AI and machine learning-based algorithms coupled with predictive analytics are quickly becoming a core part of SIEM platforms. These platforms provide automated, continuous analysis and correlation of all activity observed within a given IT environment. This integration lends SIEM with deep learning capabilities and a myriad of integrated tools to drive more informed results.

Following are the benefits of such an integrated SIEM.

Also read: AIOps Trends & Benefits for 2021

A typical SIEMs analytics correlates events from different sources gathered over a relatively short period (typically hours and days). This, when compared with an infrastructures baseline, will output a prioritized alert if they exceed the preset thresholds. AIOps represent systems that store event information gathered over a long period (perhaps years) in a database and then apply analytics to that data.

Such analytics enables AIOps to adjust the infrastructure baseline and adjust alerting thresholds over time, as well as automatically undertake some remedial actions based on correlated events. In addition, employing big data lends SIEM the ability to detect even the very slow or stealth activities on a network that SIEM would otherwise miss or dismiss as a one-off. By detecting these slow or stealth activities, a security team can prevent a major security incident.

Besides offering standard log data, AI and machine learning technologies can also incorporate threat intelligence feeds. Some products can also feature advanced security analytics capabilities that look at both user and network behavior. Machine learning enables your SIEM to facilitate threat detection across large data sets, alleviating some threat hunting responsibilities from your security team. Threat intelligence provides insights into the likely intent of individual IP addresses, websites, domains, and other entities on the internet. This allows them to distinguish a normal activity from a malicious one.

Providing your SIEM with continuous access to one or multiple threat intelligence feeds enables machine learning technologies to use the context that the threat intelligence delivers. And as it learns more, it starts to understand malicious behavior warnings beyond its initial data input. Therefore, it can stop threats your cybersecurity has never seen before. It improves the SIEMs decision-making, particularly in terms of accuracy, thus helping to deepen your security layers.

There is a caveat, though. Machine learning works better on larger datasets than smaller ones, but because big data is lossy, it may complicate compliance reporting. But as this is a known problem, there are multiple workaround options available.

Also read: What is SIEM Software and How Can It Protect Your Company?

A typical SIEM provides a considerable amount of monitoring data/logs, but SIEM report data is not actionable, hard to understand, and contains too much noise. An AI integrated SIEM solution manages big data efficiently and can replace repetitive, redundant tasks with automated workflows.

Although most AI programs facilitate data classification, the AI element isnt capable of grouping unrecognizable data points and event information. On the other hand, machine learning can leverage data clustering capabilities to identify these unknown values and group them into categories based on similarities detected.

As an enterprise scales up, it becomes more susceptible to blind spots appearing. And each blind spot can go unmonitored for months, if not for years at a time. Consequently, these parts of the network can go unpatched for long periods of time. These blind spots further become a perfect place of infiltration for the hackers to plant dwelling threats.

Fortunately, AI in SIEM can help improve the visibility of your network, thus quickly and periodically uncovering blind spots in your networks. It can also draw security logs from these recently uncovered blind spots, in turn expanding the reach of your SIEM solution.

Also read: Steps to Improving Your Data Architecture

The Security Operation Center (SOC) teams of any enterprise are limited, and the amount of log data generated from any SIEM is quite considerable. This makes the challenge of dealing with incidents in a responsive and effective manner extremely daunting. More so, a lot of SIEM tools also provide a lot of unrelated data, causing the SOC teams to face alert fatigue.

This situation happens when dealing with too many alerts and not knowing which alerts you should pay attention to and ignore. Automated and standardized workflows provided by ML can reduce the possibility of human error and get the job done much quicker.

SIEM also requires constant monitoring from your IT security team. Manually monitoring every system checkpoint is not only exhausting but will also induce burnout. SIEM backed with ML capabilities can offer:

Unfortunately, SIEM backed by simple machine learning capabilities cannot match the power of human ingenuity and collective collaboration of cybersecurity adversaries. Hence, the enterprises security team needs to take the lead on threat hunting and incident response.

However, a properly implemented AI-augmented SIEM can optimize these processes through its predictive and automated capabilities. Such SIEM can provide the groundwork for your IT security team:

Essentially, you can think of this technology not only as a second pair of eyes, but also another set of hands. However, keep in mind that specialized human intelligence will always triumph over AI.

Machine learning algorithms augment SIEM systems, enabling them to use previous patterns to predict and anticipate future data.

For example, consider the data patterns provided during a security breach. Machine learning capabilities enable systems to internalize those patterns and then use them to detect suspicious activities that could show a subsequent breach or infiltration.

An AI-augmented SIEM can halt processes they suspect to be malicious. Not only can this help with investigations and threat remediation, but it also mitigates damage even before incident response begins.

For relatively small companies or those with simple IT infrastructure, the cost of an AI-enabled SIEM would probably be prohibitive while offering little to no advantage when coupled with good security hygiene. A large and complex IT infrastructure might justify the cost of an AI-enabled SIEM for an enterprise. However, it is always advisable to get a detailed evaluation of the products.

Gartner predicts that by 2023, $175.5B will be spent on information security and risk management. And, data security, cloud security, and infrastructure protection are the fastest-growing areas of security spending through 2023. In 2018, a whopping $7.1B was spent on AI-based cybersecurity systems and services, which is predicted to reach $30.9B in 2025, according to Zion Market Research.

As the world generates more and more data in an increasingly digital marketplace, the security of your organizations critical information is of the utmost importance. Threat intelligence-enabled cybersecurity tools will become the most valuable asset for your company as cyberattacks grow in sophistication and frequency.

Read next: Best Practices for Application Security

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BenchSci Signifies Growth of Machine Learning Product Portfolio With Appointment of Chief Platform Officer – PRNewswire

TORONTO, July 6, 2021 /PRNewswire/ -- BenchSci, an emerging global leader in machine learning applications for novel medicine development, today announced the appointment of Eran Ben-Ari as Chief Platform Officer. Effective June 28, 2021, he will oversee the Product, Engineering, and Science teams.

Ben-Ari is a technology leader with 15 years of experience successfully leading product and engineering teams by combining a constant pursuit of growth, people development, and customer focus. His vast expertise in improving product development processes, building high-performing, cohesive cross-functional teams, and increasing product launch velocity will be integral as BenchSci advances towards its vision of bringing novel medicines to patients 50% faster by 2025.

"BenchSci is in hypergrowth, and Eran's leadership in this newly created role will be critical as we build a scalable and robust system to support a complex product portfolio," says Liran Belenzon, CEO, BenchSci. "His proven record with two of this country's success stories will be instrumental as we scale our product practice. He is a welcome addition to our executive team."

Prior to joining BenchSci, Ben-Ari led product and engineering teams of over 120 people. He was General Manager at Koru, an OTPP-owned venture incubator driving innovation, and Chief Product Officer at both Top Hat and Kik Interactive. Earlier in his career, he was Vice President of Product at Rounds Entertainment (acquired by Kik), Vice President of Marketing & Growth at Hola (acquired by EMK Capital), and Vice President of Product at Kampyle (acquired by Medallia).

"I'm honored to join the passionate and exceptional team at BenchSci," says Ben-Ari. "Their groundbreaking work is already changing the world for the better and will do so much more in the coming years. That truly inspires me. BenchSci's world-class platformis quickly evolving, and I am eager to guide its scaling, including the processes, the offering, and the teams involved."

About BenchSci

BenchSci's vision is to bring medicine to patients 50% faster by 2025. We're doing this by empowering scientists with the world's most advanced biomedical artificial intelligence to run more successful experiments. Backed by F-Prime, Gradient Ventures (Google's AI fund), and Inovia Capital, our platform accelerates science at 15 top 20 pharmaceutical companies and over 4,300 leading research centersworldwide. We're a CIX Top 10 Growth company, certified Great Place to Work, and top-ranked company on Glassdoor. Learn more at http://www.benchsci.com.

For more information, please contact Marie Cook at [emailprotected].

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eran-ben-ari.jpeg Eran Ben-Ari Eran Ben-Ari is the new Chief Platform Officer at BenchSci

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Machine learning: spaCy 3.1 forwards predictions in the pipeline – Market Research Telecast

The Berlin company Explosion AI has released version 3.1 of the natural language processing (NLP) Python library spaCy. One of the innovations is the option to pass on annotations about predictions from one component to another during training. A new component is also used to label any and potentially overlapping text passages.

The open source Python library spaCy is also used for processing natural language (NLP), as is the Natural Language Toolkit (NLTK). While the latter mainly plays a role in the academic environment, spaCy aims for productive use. The Berlin company Explosion AI advertises it as Industrial strength NLP in Python. (Not only) because of its German roots, German is one of the supported languages.

Similar to the NumPy or Pandas libraries with methods for matrix operations, data science and numerical calculations, spaCy offers ready-made functions for typical computer-linguistic tasks such as tokenization or lemmatization. The former describes the segmentation of a text into units such as words, sentences or paragraphs, and the latter brings inflections of words to their basic forms, the lemmas.

spaCy is implemented in Cython and offers numerous extensions such as sense2vec as an extended form of word2vec or Holmes to extract information from German or English texts based on predicate logic. Version 3.0 of the library introduced a Transformer-based pipeline system.

The training process for components is usually isolated: the individual components have no insight into the predictions of the components that are ahead of them in the pipeline. The current release enables annotations to be written during training that can be accessed by other components. The new configuration setting training.annotating_components defines which components write annotations.

In this way, for example, the information on the grammatical structure from the dependency of the parser can be used for tagging with the Tok2Vec extension, as the following example from the spaCy documentation shows:

Annotations may be made from both regular and frozen components (frozen_components come. The latter are not updated during training. The procedure results in an overhead for non-frozen components, since they cause a double pass during training: The first updates the model that is used as the basis for the predictions in the second pass.

spaCy 3.1 introduces the new component SpanCategorizer to label any text passages that can overlap or be nested. The component previously identified as experimental is intended to cover those cases in which Named Entity Recognition (NER) reaches its limits. The latter categorizes the individual entities of a text, which must, however, be clearly separable.

Parallel to the new component, Explosion AI has a pre-release version of the Annotationswerkzeugs Prodigy published, which among other things offers a new UI for annotating nested and overlapping passages. The annotations defined therein can be used as training data for SpanCategorizer use.

Prodigy enables the labeling of overlapping text passages.

(Image: ExplosionAI)

Further innovations in spaCy 3.1 such as the additional pipeline packages for Catalan and Danish as well as the direct connection to the Hugging Face Hub can be added to the Refer to ExplosionAI blog.

(rme)

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Microsoft Teams update will stop you overloading your cloud storage – TechRadar

Remembering what was said in a Microsoft Teams meeting has become a lot easier since Microsoft released its auto record feature last month but recording multiple meetings per day can take up a lot of storage.

This is why in a new update to the Microsoft 365 roadmap, the software giant has revealed that it's currently working on a new feature that will prevent recorded Teams meetings from using up all of your cloud storage capacity.

It's worth noting that not all meetings in Microsoft's video conferencing software are recorded automatically as this feature needs to be set up using an administrative policy according to a support document. This is because auto recording was added to Teams for organizations that need to capture meeting interactions in order to comply with industry regulations or local laws.

In its latest update to the Microsoft 365 roadmap, Microsoft revealed that it's developing a new feature that will allow Teams admins to set meeting recordings store on OneDrive and SharePoint to expire automatically.

Once this feature rolls out in September, a default Teams policy setting will automatically delete meeting recordings stored in either OneDrive or SharePoint after a set amount of time. However, Teams admins will be able to modify the default meeting recording expiration time through a setting in the Teams Admin Portal or by modifying policy attributes using Powershell scripts.

Going forward, meeting recordings will be automatically deleted once they reach their expiration date unless the meeting owner decides to push it back. Meeting owners won't have to worry about losing meeting recordings as well as Microsoft will notify them before a recording expires.

High resolution video recordings of meetings can take up a lot of space in an organization's cloud storage but thanks to this new feature, companies will be able to save their recently recorded meetings without getting bogged down by having too many recordings of older meetings saved online.

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