InnoWave Supports the Dream Project by Enhancing Digital Transformation
InnoWave Supports the Dream Project by Enhancing Digital Transformation
InnoWave is proud to announce its new agreement with the Virginia-based nonprofit, The Dream Project. It is dedicated to empowering Virginia students whose immigration status creates barriers to higher education through access to scholarships, mentors and other resources.
Through this agreed relationship InnoWave is providing advanced Digital Transformation Services, including optimizing and enhancing the use of SalesForce.com for the Dream Project.
This agreement aims to streamline the nonprofit’s operations, increase efficiency, and improve overall productivity. By leveraging InnoWave's expertise in digital solutions, the Dream Project will be better equipped to manage its programs and support the educational aspirations of its scholars.
Tim Lawler, Board Chair of the Dream Project, expressed his enthusiasm for the collaboration: "We welcome InnoWave's expertise and support with the digital transformation that will enable us to enhance our operations and better serve our community. This agreement is a significant step towards achieving our mission of empowering our students to pursue their dreams of higher education."
Christopher Zanyk, VP of Business Development at InnoWave, shared his excitement about the agreement: "We are honoured to support the Dream Project in their noble mission. Our goal is to provide innovative digital solutions that drive efficiency and effectiveness. We look forward to seeing our services' positive impact on the Dream Project and the students they support."
About InnoWave:
InnoWave is a leading provider of IT services, specializing in Data Analytics, Cloud Migration, Digital Transformation, Cyber Security, and Outsourced IT Systems Integration. With a commitment to innovation and excellence, InnoWave helps organizations achieve their digital transformation goals and drive business success.
About Dream Project:
The Dream Project is a Virginia-based nonprofit dedicated to empowering students whose immigration status creates barriers to higher education. Through mentorship, scholarships, and advocacy, the Dream Project aims to make higher education attainable for all its scholars.
OpenAI Introduces Miniature Version of Its Most Powerful AI Model
OpenAI has announced the launch of a new AI model called GPT-4o mini. This model is described as the most capable and cost-efficient small model available today. It is an offshoot of GPT-4o, which is OpenAI’s fastest and most powerful model. The “o” in GPT-4o stands for “omni,” indicating its improved capabilities in audio, video, and text, and its ability to handle 50 different languages with enhanced speed and quality. The GPT-4o mini will be available to free users of ChatGPT, as well as ChatGPT Plus and Team subscribers, with plans to integrate image, video, and audio capabilities into it later.
OpenAI, backed by Microsoft, has been valued at more than $80 billion by investors. The company, founded in 2015, is under pressure to stay on top of the generative AI market while finding ways to make money as it spends massive sums on processors and infrastructure to build and train its models. The mini AI model is part of OpenAI’s push to be at the forefront of “multimodality,” or the ability to offer a wide range of types of AI-generated media, like text, images, audio, and video, inside one tool: ChatGPT. GPT-4o mini will be available to ChatGPT Enterprise users next week.
Our Innsights : Our Data Intelligence offering is designed to integrate seamlessly with the latest advancements, like GPT-4o mini, enabling your business to leverage multimodal capabilities in text, audio, video, and more. With our expertise, you can stay ahead of the curve, optimize operations, and deliver unparalleled value to your customers. Join us at InnoWave and revolutionize your business with the future of AI!
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Image Credits: Jason Redmond | AFP | Getty Images
North Korea Behind $230M WazirX Hack
The Indian crypto exchange WazirX experienced a significant security breach, resulting in $230 million in suspicious withdrawals. The breach primarily involved $100 million in SHIB tokens. The attack forced WazirX to halt withdrawals and trading activities. The compromised wallet was a multisig wallet, requiring multiple signatories for transactions. The breach has raised concerns about the security of crypto exchanges in India and the adequacy of their reserves.
The cyberattack, which occurred on July 18, 2024, was described by WazirX as a “force majeure event”. The attackers exploited a discrepancy between the data displayed on Liminal’s interface and the transaction’s actual contents. This allowed them to gain control of the wallet and transfer the funds. The stolen assets included over 5.43 billion SHIB tokens, 15,200 Ethereum tokens, 20.5 million Matic tokens, 640 billion Pepe tokens, 5.79 million USDT, and 135 million Gala tokens. Blockchain data suggests the attackers are trying to offload the assets using the decentralized exchange Uniswap.
The breach has significant implications for WazirX, which reported holdings of about $500 million in its June proof-of-reserves disclosure. The incident has also raised concerns about the security of other Indian crypto exchanges, with CoinSwitch and CoinDCX assuring their customers that their funds are secure and unaffected by the attack. The attackers are believed to have affiliations with North Korea. WazirX has announced a bounty program of up to $23 million to recover the stolen assets.
Our Innsights: At InnoWave, we understand the importance of robust cybersecurity measures to protect your business from such threats. Our comprehensive cybersecurity solutions are designed to safeguard your systems, prevent unauthorized access, and ensure business continuity. With InnoWave, you can trust that your operations are secure, and your data is protected from cybercriminals. Don’t wait for a breach to happen. Partner with InnoWave and fortify your cybersecurity defenses today!
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Image Credits : Shaurya Malwa
Mistral Unveils Codestral Mamba for Enhanced and Extended Code Generation
Mistral AI has launched Codestral Mamba, a new language model for code generation. Built on the Mamba2 architecture, it offers linear time inference and can handle infinite-length sequences. This model is designed for code productivity and has been tested with inputs up to 256,000 tokens. It outperforms other models like CodeLlama 7B and DeepSeek in benchmarking tests. Codestral Mamba is available under the Apache 2.0 license, promoting open collaboration and innovation. The Mamba2 architecture simplifies the attention mechanisms used in traditional transformer models, resulting in faster inference times and the ability to handle longer context windows. This makes Codestral Mamba particularly suitable for extensive coding tasks and local code projects. The model has 7 billion parameters and supports a 256k token context window, allowing it to manage large and complex codebases efficiently.
Mistral AI has made Codestral Mamba available for free use, modification, and distribution through platforms like HuggingFace and GitHub. Developers can deploy the model using the mistral-inference SDK or TensorRT-LLM, and support for local inference is expected to be available soon. This open-source approach encourages collaboration and innovation within the AI and coding communities.
In addition to Codestral Mamba, Mistral AI has also released a math-solving model called Mathstral, designed for math-related reasoning and scientific discovery. This model has a 32K context window and is also available under the Apache 2.0 license. Mistral AI’s commitment to open-source development and cutting-edge AI research continues to drive advancements in the field of artificial intelligence.
Our Innsights: The launch of Mistral’s Codestral Mamba highlights the transformative potential of advanced AI models in code generation. Built on the Mamba2 architecture, it offers linear time inference and handles infinite-length sequences, significantly enhancing code productivity. At InnoWave, we recognize the power of cutting-edge AI solutions. Our Data & AI offering are designed to harness the full potential of AI, driving innovation and efficiency in your business operations. With InnoWave, you can leverage state-of-the-art AI models to optimize processes, enhance decision-making, and stay ahead of the competition
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CDK Global Breach Exposes Perils of Industry Dependence on a Single Software Vendor
The CDK Global hack has highlighted the risks of relying on a single software vendor in an industry. The cyberattack disrupted management systems at equipment and auto dealerships across North America, causing significant business losses. CDK Global reportedly paid a $25 million ransom to the hackers, identified as the BlackSuit ransomware gang. The attack forced dealerships to revert to manual processes, severely impacting their operations. This incident underscores the vulnerability of industries dependent on a single software provider.
The cyberattack on CDK Global occurred on June 19, 2024, prompting the company to shut down most of its systems "out of an abundance of caution". CDK Global’s software is used by more than 15,000 auto dealerships across North America to manage various operations, including vehicle acquisitions, sales, financing, insuring, repairs, and maintenance. The initial attack was followed by a second breach, exacerbating the disruption.
The attackers likely used a combination of phishing and exploiting software vulnerabilities to gain initial access. Once inside, they moved laterally across the network, using tools to access additional systems and sensitive data. The final stage involved deploying ransomware, encrypting files, and demanding a ransom for decryption keys. This incapacitated CDK’s operations, affecting all dealership services reliant on their systems.
The BlackSuit ransomware gang, responsible for the attack, is a cybercriminal team that spun off from an older, Russian-linked hacking group called RoyalLocker. The attack has raised concerns about the security of industries heavily reliant on a single software provider and the growing threat of cybercriminals exploiting always-on VPN connections to infiltrate internal networks.
Our Innsights : At InnoWave, we understand the importance of robust cybersecurity measures to protect your business from such threats. Our comprehensive cybersecurity solutions are designed to safeguard your systems, prevent unauthorized access, and ensure business continuity. With InnoWave, you can trust that your operations are secure, and your data is protected from cybercriminals. Don’t wait for a breach to happen. Partner with InnoWave and fortify your cybersecurity defenses today!
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Image credits : DAVID PAUL MORRIS/BLOOMBERG NEWS
InnoWave Team Teaching at School on Sustainable Development
InnoWave Team Teaching at School on Sustainable Development
On July 4th 24, the GrInnWave Team hosted a meaningful event focused on environmental consciousness with children from the Poorna Prajna School Education Centre. This Initiative was designed to promote sustainability through a friendly, eco-conscious activity where children were encouraged to create something out of waste materials.
Children from Class 7 and Class 8, totalling 150 kids, displayed remarkable creativity by making various products from waste materials. Our team was thrilled by their unique and special items. After a challenging selection process, we chose the top 4 winners. We also conducted a session on sustainable development, emphasizing environmental health, social equity, and economic viability, and distributed thank-you souvenirs to all the participants.
- Sustainable Development: Our presentation focused on Sustainable Development Goals (SDGs), aiming to raise awareness among the children. We encouraged them to actively participate in sustainable activities at school, at home, and within their communities. At the end of the session, we engaged the children in an interactive activity about the SDGs, where they actively participated and spoke on various topics.
- Out of Waste: We had asked the school children to bring and prepare something Out of Waste materials. On the day of the event, we were delighted to see the innovative ideas and creativity of the children in making special items from waste. Each creation was unique, and it was overwhelming to see their enthusiastic participation. Although every child deserved recognition, we selected the top 4 winners from the competition. The children's spirit and enthusiasm were truly remarkable, and their efforts filled us with joy.
- Eco-Friendly Souvenirs: As a token of our appreciation, we presented all participating children with small eco-friendly plantable recycled paper seed ball pens, along with chocolates. The Winners of the competition received “Sow and Grow DIY Easy Gardening Kits” which are biodegradable & non-toxic. This gesture not only expressed our gratitude but also reinforced our commitment to environmental stewardship.
Let's come together to celebrate Teaching at School and make our future generations more towards the sustainability!
Embracing the Unconventional in Programming Practices
Embracing the Unconventional in Programming Practices
In this InfoWorld article, the author discusses the guilty pleasure programmers find in breaking the rules. The article lists ten programming habits that are typically frowned upon but can sometimes lead to more efficient and effective code. These habits include coding without comments, slow code, and inconsistency, among others. The piece suggests that while rules are important, there are instances where breaking them can be beneficial. Make sure to check it!
Our Innsights: Embrace the future of software development with our Digital Application Development service. We're not just agile; we're at the forefront of adopting the best industry patterns and practices. Whether it's frontend, backend, or full-stack, our team is committed to excellence.
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Google's Project Astra
Google's Project Astra
Google has launched Project Astra, a new AI initiative that uses your phone's camera to identify noise-making objects, locate misplaced items, and remember things that are no longer in the frame. Demonstrated at Google I/O 2024, Project Astra showcases the potential of AI to assist in everyday life by interacting with the environment in real time. It can explain parts of objects, like a speaker, create alliterations, and recall the location of items, such as glasses, even when they're out of view. This technology represents a significant advancement in AI-assisted living, making everyday interactions with technology more intuitive and helpful.
Our Innsights: Harness the innovative spirit of Google's Project Astra with our Data Intelligence Service. Our team's expertise in AI engineering, including LLMs, RAG, and agents, positions us to capitalize on Project Astra's capabilities. We can integrate similar AI tools to enhance your business operations, making them smarter and more efficient.
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OpenAI Unveils GPT-4o
OpenAI Unveils GPT-4o
OpenAI has unveiled its latest marvel, the GPT-4o model, an 'omni' capable AI that's redefining the boundaries of machine interaction. The 'o' in GPT-4o stands for 'omni,' signifying its prowess in processing text, speech, and even video. This iteration promises to iteratively enhance OpenAI's suite of developer and consumer products in the coming weeks. OpenAI's CTO, Mira Murati, highlighted the GPT-4o's "GPT-4-level" intelligence, which surpasses its predecessor by integrating multiple modalities. The model's ability to reason across voice, text, and vision heralds a new chapter in human-machine interaction, making it more natural and intuitive than ever before.
GPT-4o's impact is particularly notable in ChatGPT, where it elevates the chatbot experience to new heights. Users can now engage with ChatGPT more conversationally, with the AI responding in real time and even adapting to the nuances of the user's voice. This includes a range of emotive styles, such as singing, adding a layer of personalization to the interaction. The model's vision capabilities are equally impressive. Whether it's deciphering code on a screen or identifying a shirt brand from a photo, ChatGPT can now provide quick and relevant responses to a variety of visual queries.
Looking ahead, the potential applications of GPT-4o are boundless. From translating menus in foreign languages to providing live commentary on sports games, the model is set to redefine our expectations of AI capabilities. In addition to its advanced features, GPT-4o boasts multilingual support for around 50 languages, faster performance, and cost-effectiveness, making it a formidable force in the AI landscape.
Our Innsights: Leverage the cutting-edge capabilities of OpenAI's GPT-4 with our Data Intelligence Service. Our AI engineering team is proficient in the latest technologies, including LLMs, RAG, and agents, ensuring your business stays ahead in the AI revolution. Harness the omni-modal power of GPT-4 to unlock new levels of data insight and intelligence.
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Image Credits: Open AI
Reddit's Content Integration with OpenAI
Reddit's Content Integration with OpenAI
A groundbreaking partnership has emerged as Reddit joins forces with OpenAI to integrate the vast and diverse content of Reddit's social media platform with the advanced AI capabilities of ChatGPT. This strategic alliance is set to revolutionize the way we interact with AI, bringing a wealth of real-time, structured, and unique content into the fold.
The implications of this collaboration are far-reaching, with Reddit's shares experiencing a notable 6% uptick in extended trade. For ChatGPT, this means an infusion of fresh, dynamic content that will undoubtedly enhance its features and user experience. Reddit users and moderators alike can look forward to new AI-powered tools designed to elevate their platform experience.
Moreover, this partnership cements OpenAI's position as a key advertising partner for Reddit, marking a significant step in Reddit's ongoing efforts to diversify its revenue streams beyond traditional advertising. As we witness these two tech giants come together, the future of AI and social media interaction stands on the cusp of an exciting new era.
Our Innsights: In the wake of Reddit's recent collaboration with OpenAI, our Data Intelligence Service stands at the forefront of innovation, ready to harness the power of this new tech synergy. Our AI engineering team is adept at leveraging Large Language Models (LLMs), Retrieval-Augmented Generation (RAG), and sophisticated agents to transform data into actionable insights. Imagine the possibilities when our expertise meets the real-time, structured content from Reddit, powered by OpenAI's cutting-edge technology. We offer not just a service, but a partnership that propels your business into the future of AI-driven decision-making.
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May the 4th Paws Be With You: Fitness Walk with Friends
May the 4th Paws Be With You: Fitness Walk with Friends
On May 4th, the #GrInnWave team hosted a special dog walking event at Mata Nacional do Choupal in collaboration with Condeixa Pa'tudos, an association dedicated to animal protection. The day was a great success, with participants enjoying a refreshing walk alongside dogs and learning training techniques from Octávio Pinao of Positive Way Animals. Octávio is an expert personal trainer with a Post-Graduate qualification in Companion Animal Training.
Highlights of the Event
Attendees met and engaged with animals available for adoption, enjoying fun activities and building connections. The event promoted physical fitness, and community involvement and contributed to the well-being of animals in need.
- Interactive Training Session: Octávio led an interactive session for participants, teaching valuable techniques for training and working with dogs. Attendees learned how to incorporate these methods into future walks, gaining insights on effectively guiding and communicating with their canine companions.
- Animal Adoption Opportunities: Participants learned about the adoption process and the unique histories of the shelter dogs. The event played a crucial role in promoting animal adoption and raising awareness about the importance of providing loving homes for these animals.
- Community Involvement: The event was held in a public area, bringing together Innowavers and other park visitors. This diverse blend of attendees fostered a sense of community and connection among all present, creating an inclusive atmosphere that supported a meaningful cause and promoted the well-being of our four-legged friends.
Thank you to everyone who participated in our dog walking event.
Your involvement made the day a success and positively impacted the lives of these loyal companions, many of whom are still seeking loving homes. If you're interested in adopting or learning more about these dogs, feel free to reach out to us or contact Condeixa Pa'tudos (a.ospatudos@gmail.com) directly.
InnoWave and Magic Beans launched MagicWave
InnoWave and Magic Beans launched MagicWave
InnoWave and Magic Beans will come together to launch MagicWave, which will specialize in implementation and consulting services in Salesforce technology.
In a statement, it is known that this is the cause of a joint venture that unites two companies, the first being technological and the second specialized in cloud solutions. The new company aims for an “aggressive growth plan”, to reach a total of 100 employees in the next three years.
MagicWave's focus will be, therefore, on the Portuguese market, but the idea is to become an international brand. For this reason, you are responsible for “taking advantage of the network of subsidiaries and the local presence of InnoWave and Magic Beans”.
According to the CEO of InnoWave, Tiago Gonçalves, “the union of the experiences of InnoWave and MagicBeans allows MagicWave to offer highly complementary solutions in the areas of integration, cloud and development.”
The CEO of MagicBeans, Vitor Rodrigues, stated, in turn, that the partnership created “opportunities for both companies.”
InnoWave announces five-year partnership with CERN
This is a partnership that brings together InnoWave's solutions with CERN's cutting-edge research capabilities, underlining the two companies' commitment to “push the limits of what is possible and drive significant progress in science and technology”.
InnoWave, a Portuguese technology company, has just announced a five-year partnership with the European Organization for Nuclear Research (CERN) in remote development services for information technologies.
Collaboration will be done through joint projects and research, sharing knowledge between the two organizations.
Tiago Gonçalves, CEO of InnoWave, states that “this collaboration represents an extraordinary opportunity to leverage our technological expertise together with CERN’s world-class research and contribute as a partner to the mission of the European Particle Physics Laboratory.”
InnoWave already has extensive experience in developing transformative technologies in various sectors. CERN is a European particle physics laboratory, where scientists and engineers investigate the fundamental structure of the universe.
New Nvidia Blackwell AI Chip GB200 Set to Launch This Year
Nvidia announced a new generation of artificial intelligence chips and software for running AI models. The new AI graphics processors are named Blackwell and are expected to ship later this year. The first Blackwell chip is the GB200 and will ship later this year. This announcement comes as companies and software makers still scramble to get their hands on the current generation of H100s and similar chips.
Our Innsights: Nvidia's recent announcement of their new generation of artificial intelligence chips, the Blackwell, is an exciting development in the field of AI. The first Blackwell chip, the GB200, is expected to ship later this year. At InnoWave, we are always at the forefront of technological advancements, and our data intelligence service offering is no exception. With the power of Nvidia's new Blackwell chips, our data intelligence services will be able to provide even more accurate and efficient solutions for our clients. This is just one example of how InnoWave is committed to staying ahead of the curve and providing the best possible service to our customers.
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Image credits : Getty Images
Elon Musk's xAI Releases Grok as Open Source
Elon Musk's startup xAI has made its first large language model (LLM) Grok open source. This move enables any entrepreneur, programmer, company, or individual to take Grok’s weights and other associated documentation and use a copy of the model for whatever they’d like, including for commercial applications.
Our Innsights: In light of the recent news that Elon Musk's startup xAI has made its first large language model (LLM) Grok open source, InnoWave's data intelligence service offering can help companies leverage this technology to stay ahead of the curve. With InnoWave's expertise in data intelligence and a data-centric culture, companies can take advantage of Grok's open-source model to drive innovation and gain a competitive edge in the market. InnoWave can guide companies through the challenges and opportunities of becoming a data-powered organization, helping them unlock the full potential of AI and data intelligence.
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Le Monde and OpenAI join forces in AI partnership agreement
OpenAI has agreed with multiple media outlets, including major French and Spanish daily newspapers Le Monde and Prisa Media, to introduce French and Spanish news content to their chat AI, ChatGPT. The companies that have signed partnership agreements with OpenAI include Le Monde, Prisa Media, El País, Cinco Días, As, and El Huffpost. ChatGPT users will be able to read summaries of articles from Le Monde and Prisa Media in some of their responses over the next few months. This partnership could spell trouble for OpenAI's rivals, as it gives them a competitive edge in the market.
Our Innsights: InnoWave's data intelligence service can help companies stay ahead of the curve by leveraging OpenAI's technology and InnoWave's expertise. With strategic partnerships and a data-centric culture, InnoWave can guide companies through the challenges and opportunities of becoming a data-powered organization.
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OpenAI aims to enhance humanoid robot's intelligence
Figure AI has announced a new agreement with generative AI giant, OpenAI, to develop next-generation AI models for humanoid robots. This partnership marks one of the most significant examples yet of an AI software company working to integrate its tools into physical robots.
OpenAI is partnering with Figure to help develop a general-purpose humanoid robot capable of working alongside humans and holding conversations.
Our Innsights: InnoWave's data intelligence service can help companies leverage OpenAI's technology and InnoWave's expertise to stay ahead of the curve. With the recent partnership between OpenAI and Figure to develop next-generation AI models for humanoid robots, InnoWave's offering could be a valuable asset for companies looking to gain a competitive edge and drive innovation.
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Marketing at the service of innovation: a happy meeting between brands and companies at events
Nowadays, the amount of information and visual stimuli that surround us is so great that the use of innovative tools to create more effective communication with the public and influence their perception of a company or brand is increasingly crucial.
Innovation Marketing is an example of this. This is an area that has gained space in companies' strategies and is a fundamental part of achieving success.
However, challenges exist, starting with the need for companies to differentiate themselves in a saturated market that tries at all costs to create engagement with the target audience. Or even, the difficulty in measuring ROI (Return on Investment), which can make it difficult to justify spending on marketing and production. Being able to have an effective impact on the audience through the presence of your brand at an event is, in short, the biggest challenge.
The truth is that events, whether sporting or musical, for example, are a privileged place to implement different marketing actions. There, the focus is on creating value, personalization and the use of emerging technologies to improve the consumer experience and journey. For example, cashless technology, allowing the purchase of tickets seamlessly, is one of the tools that has completely changed and facilitated the user experience.
And, in truth, brands and companies have realized this and are increasingly considering marketing innovation in their strategic planning. Something that also helped to reposition companies 100% focused on B2B to enter the panorama that was previously dominated by large consumer companies. On an international level, I remember a space like The Sphere, in Las Vegas, which provides participants in events held there with truly immersive experiences.
Innovation marketing provides unique experiences to the public and represents a dynamic and future-oriented approach in the way of promoting events which only through close collaboration between all partners of an event – organization, sponsors and innovation partners – is possible to put into practice.
Take the national example of the Millennium Estoril Open, where, through its official app and a virtual assistant powered by Generative Artificial Intelligence, the tennis event provides information related to the competitions such as news, detailed data about the players, the game schedule, tournament results, the possibility of check-in and accreditation and even a selfie cam that allows visitors to capture the best moments of the games and share the images on the central court scoreboard screen. It’s user-generated content at its best!
This is proof of how innovation marketing, in addition to recognized measurable results, such as increased participation and financial return, also offers a series of intangible benefits. I highlight the strengthening of the event's brand, the creation of emotional bonds with participants and the establishment of a reputation for leadership in the sector.
Therefore, I have no hesitation in saying that, as we move forward in this era of such significant changes, innovation marketing becomes an imperative. But with one caveat: even more than being innovative, talking about events is also talking about the relationship created with the audience, and this can only be achieved with the right team, with empathy, creativity and openness to innovation. Only in this way is it possible to achieve a happy encounter between brands and consumers and a lasting and significant impression.
Sérgio Sá is the new Director of Cybersecurity at Portuguese technology company InnoWave
InnoWave announced the hiring of Sérgio Sá as its new Cybersecurity Director. The executive will assume responsibility for offering Cybersecurity services (Security, Privacy and Resilience) involving consultancy and technology.
The Portuguese technology company highlighted that this hiring reflects its investment in this business area, especially in the integration and management of risks related to emerging technologies such as Cloud, OT/IoT, GenAI and Web3, in the areas of government, risk, compliance and operation.
During his professional career, Sérgio Sá played leadership roles in multinationals, namely Ernst & Young (EY) and Unisys, where he was responsible for creating and developing the security business unit, in addition to being a member of the respective Centers of Excellence ( CoE) Europeans.
“With great enthusiasm, I join the InnoWave team to face the challenges and opportunities in the field of Cybersecurity. My mission is to develop a program that encompasses Security, Privacy and Resilience, involving IT/OT compliance and operations, in collaboration with customers and partners. I believe that through this strategy we will position InnoWave as a reference in projects involving emerging technologies, including Cybersecurity”, highlights InnoWave's new Cybersecurity Director.
In his new role at InnoWave, he will assume responsibility for developing the Cybersecurity business in the IT and OT areas, taking into account regulatory requirements, risks and the impact that the integration of new technologies introduces on customers.
“With the appointment of Sérgio Sá as Director of Cybersecurity, InnoWave is more prepared than ever to strengthen its position as a leader in innovative technological solutions and as a trusted partner for its customers in key sectors such as Finance, Energy and Telecommunications. Sérgio's vast experience and strategic vision will be fundamental in boosting our efforts in data protection and cyber risk mitigation, thus ensuring the security and continuity of operations for our customers and InnoWave”, highlights Tiago Gonçalves, CEO of InnoWave .
InnoWave is the Innovation Partner of Millennium Estoril Open
According to the company, “this partnership highlights InnoWave's continued dedication to innovation in all dimensions and also in the sporting events landscape, demonstrating a solid commitment to continuous improvement in crucial areas such as marketing, user experience and optimization of customer journey”
InnoWave, a Portuguese technology company, announced this Tuesday that it will participate in the Millennium Estoril Open as an Innovation Partner.
According to the company, “this partnership highlights InnoWave's continued dedication to innovation in all dimensions and also in the sporting events landscape, demonstrating a solid commitment to continuous improvement in crucial areas such as marketing, user experience and optimization of customer journey.”
“As part of this partnership, InnoWave is responsible for the development and implementation of the official mobile application of the Millennium Estoril Open, a tournament that takes place from March 30th to April 7th, at Clube de Ténis do Estoril”, informed the company.
In a statement, InnoWave stressed that “since its debut in 2022, the application has set a new standard in terms of interactivity and convenience for tournament spectators”.
The company pointed out that, in this year's edition, “one of the app's new features is SELFIE CAM by InnoWave, which offers visitors the unique opportunity to capture memorable moments from the event, film in selfie mode, and share the images on the scoreboard screen of the event. central court, as well as on the screens in common areas”.
“The application, which offers a range of essential features for tennis enthusiasts during the tournament, allows access to the event schedule, live scores and detailed information on participating players, ensuring they are always up to date and well informed about everything that happens at the Millennium Estoril Open”, highlighted the company.
As for the event itself, “the main new features of the Millennium Estoril Open APP include the introduction of an AI ChatBot, an artificial intelligence virtual assistant, which provides accurate and real-time answers to a variety of queries about the tournament, agenda, FAQs and even updated ATP ranking statistics.”
“For the third time, InnoWave is the Innovation Partner of the most relevant tennis tournament in Portugal. By joining forces with the Millennium Estoril Open, InnoWave seeks to not only raise the standard of the event experience, but also promote excellence and innovation in all aspects related to sport and audience engagement”, explained Pankaj Parshotam, Chief Marketing InnoWave Officer.
From Text Prompts to Vivid Videos: A Look at OpenAI’s Sora
OpenAI has developed a new app called Sora, which aims to master cinema without going to film school. Sora is currently a research product being tested by select creators and security experts.
The app stands out for its photorealism and ability to produce longer clips than its competitors, up to one minute. The AI-generated videos are impressive, with examples including a detailed scene of snowy Tokyo and an animated fluffy monster. Sora uses a version of the diffusion model used by OpenAI’s Dalle-3 image generator and the transformer-based engine of GPT-4, showing an emergent grasp of cinematic grammar and storytelling. However, OpenAI is cautious about the potential for deepfakes and misinformation and plans to implement the same content restrictions as Dall-E 3. The company is also aware of potential copyright issues. Despite these challenges, Sora has the potential to transform social media platforms by empowering users to create high-quality content.
Our Innsights : Imagine harnessing the power of OpenAI’s Sora, a tool that can generate photorealistic videos from text prompts, and integrating it into your Data&AI services. With our Data Intelligence offering, we can help you explore and implement such cutting-edge AI technologies. Our dedicated Data Science/AI-Engineering team can work with you to leverage these advancements, enhancing your ability to create high-quality content and transform your social media platforms. Let’s empower your business with the future of AI, today.
Google’s Next-Generation AI Gemini 1.5
Google has announced the launch of Gemini 1.5, the successor to its large language model, Gemini. The new model, which is available to developers and enterprise users, offers several improvements over its predecessor. Gemini 1.5 Pro, the general-purpose model, matches the performance of the high-end Gemini Ultra and outperforms Gemini 1.0 Pro on 87% of benchmark tests. The model uses a technique known as “Mixture of Experts” (MoE) to run only part of the model for each query, making it faster and more efficient.
A notable feature of Gemini 1.5 is its large context window, which can handle queries of up to 1 million tokens, significantly larger than OpenAI’s GPT-4 and the current Gemini Pro. This allows the AI to process large amounts of content at once, such as 10-11 hours of video or tens of thousands of lines of code. Google is also testing a 10 million token context window. The larger context window is expected to be beneficial for businesses, enabling them to add extensive personal context and information to their queries. Gemini 1.5 will eventually replace Gemini 1.0, and the standard version of Gemini Pro will be updated to 1.5 Pro with a 128,000-token context window. Users will need to pay extra for the 1 million token context window. Google is also testing the model’s safety and ethical boundaries, particularly concerning the larger context window.
Our Innsights : In the rapidly evolving world of AI, staying ahead of the curve is crucial. With Google’s launch of Gemini 1.5, the AI landscape is shifting, and our IT consulting company is ready to help you navigate this change. Our dedicated Data Science/AI-Engineering team is equipped to leverage the power of Gemini 1.5, with its improved speed, efficiency, and large context window, to drive your business forward. Our Data Intelligence service offers the expertise to harness these advancements, turning them into actionable insights for your business. Let us help you unlock the potential of Gemini 1.5 and stay at the forefront of the AI revolution.
Image Credits : Photo by Amelia Holowaty Krales / The Verge
OpenAI New Watermarks in DALL-E 3
OpenAI is adding watermarks to the metadata of images generated by its DALL-E 3 model. These watermarks, supported by the Coalition for Content Provenance and Authenticity (C2PA), will be visible on the ChatGPT website and the DALL-E 3 API. They include an invisible metadata component and a visible CR symbol. The watermarks, which do not affect image quality or latency significantly, can be checked via platforms like Content Credentials Verify. However, they can be easily removed and are not a foolproof solution against misinformation. The initiative aligns with the Biden administration’s directive on AI-generated content identification and aims to enhance the trustworthiness of digital information.
Our Innsights: In the face of rapidly evolving AI technologies, it’s crucial to stay ahead. Our Data Intelligence service offers unparalleled Data & AI expertise. With the recent news of OpenAI adding watermarks to DALL-E 3 images, the importance of understanding and navigating the AI landscape has never been more apparent. Our dedicated Data Science/AI-Engineering team can help you leverage these advancements, ensuring your digital information remains trustworthy and secure. Stay ahead of the curve with us, where we turn data into intelligence and intelligence into action.
Image Credits : OpenAI
MGIE: Apple’s Groundbreaking AI for Image Editing
Apple, in collaboration with researchers from the University of California, Santa Barbara, has released an open-source AI model called “MGIE” (MLLM-Guided Image Editing). This model leverages multimodal large language models (MLLMs) to interpret user commands and perform pixel-level image edits based on natural language instructions. MGIE can handle various editing scenarios, from simple colour adjustments to complex object manipulations, and can perform global and local edits. It can produce clear instructions from user input, generate a latent representation of the desired edit, and guide pixel-level manipulation. The model is available as an open-source project on GitHub, and users can also try it out online through a web demo hosted on Hugging Face Spaces. MGIE represents a significant breakthrough in instruction-based image editing, demonstrating the potential of MLLMs in enhancing image editing and opening new possibilities for cross-modal interaction and communication. It can be used in various scenarios, such as social media, e-commerce, education, entertainment, and art, and can help users express their ideas and emotions through images. This release also highlights Apple’s growing AI research and development prowess, demonstrating how AI can enhance everyday creative tasks. However, experts say there is still plenty of work ahead to improve multimodal AI systems.
Our Innsights : At InnoWave, we’re at the forefront of Data & AI services. Just as Apple’s new open-source AI model, MGIE, is revolutionizing image editing with natural language instructions, our dedicated Data Science/AI-Engineering team can leverage similar AI technologies to transform your business operations. Whether it’s interpreting complex data, automating processes, or enhancing user experience, our solutions are designed to be as innovative and user-friendly as MGIE. Let InnoWave empower your business with the next generation of AI solutions, tailored to your specific needs.
Image Credits : VentureBeat made with Midjourney
2024 Tech Trends and Predictions
As we dive into 2024, let's start with a bang, let's start with tech trends and precictions for 2024!
This year, the spotlight remains on the ongoing AI revolution reshaping our tech landscape. Building upon 2023's AI focus momentum, 2024 continues the narrative, emphasizing transforming IT structures and organizations into AI-centric entities. While the conversation around AI might seem repetitive, this year is dedicated to its potential, steering our tech world toward a future driven by AI innovation. Without further ado, here are the five top trends and predictions shaping the tech and AI scene for 2024:
AI Everywhere - A world reimagined.
In 2024, AI will be everywhere, shaping how we work, play, and create. Imagine creating beautiful art or writing stories without needing lots of skills or time. With generative AI, anyone can now whip up amazing content in just minutes. It's making creativity accessible to everyone, skilled or not. But that's just the start! AI isn't staying in the background. It's jumping into our daily tasks, updating records, leaving comments, and helping without waiting for us to ask. It's seamlessly blending into how we do things. Professions like finance or accounting are changing too.
AI is taking over repetitive tasks, helping with research, and making reports, freeing up experts to focus on specialized work. Games are getting a makeover as well! AI-powered characters feel like real friends, personalized and engaging. Plus, our text-based AI buddies are turning into lifelike 3D avatars, making conversations feel more real and interactive. What's amazing is how AI is reaching into places it couldn't before. It's gathering tricky data and changing entire industries, making things better and more efficient for everyone. So, in 2024, AI isn't just a cool tech thing; it's becoming a part of our everyday lives, making things more creative, efficient, and enjoyable!
AI Governance - Safe AI
AI projects are in demand, but putting AI into the data system is complicated. Organizations want to use AI to get amazing insights from all their data, but it's not easy, since AI's success depends on having good quality, secure, and private data. That's where AI governance comes in.
AI governance is like rules for using AI, just like we have rules for handling data. It needs to work closely with data rules. Unlike older AI, newer AI involves more people and has different technical concepts. So, the rules need to suit lots of different roles, like data experts, engineers, and security teams. In 2024, there'll be a big focus on AI governance. Companies will work hard on tools and systems to make sure AI is used responsibly and safely. Lots of rules and guidelines have come out to make sure AI is used the right way, and companies will work to follow these rules to make AI better and safer for everyone.
Evolution of Data Platforms - The Next logical transition to enterprise data platform architecture
The vision is to transition from existing warehouse/lake-centric data platforms to more intelligent versions. Simultaneously, there's a call to streamline user interfaces for easier utilization while anticipating intelligent applications to spearhead productivity in the coming decade. By 2024, enterprises face the imperative to re-evaluate their data platform architecture. They must tackle challenges related to data fragmentation, silos, quality, and duplication. High-quality curated data and metadata are pivotal for successful generative AI initiatives. An intelligent data platform, coupled with associated data applications, stands poised to furnish the foundational infrastructure required for enabling AI use cases.
AI Information Agents - Automation has been taken to the next level.
In late 2023, the term "AI agent" became popular. Imagine an AI agent like a clever computer program that can understand things, think through problems, make decisions, and take actions all on its own, just like humans. There's a big interest in testing these AI agents to see how much they can improve how businesses work and how we interact with machines. Researchers are working on ways to combine thinking and action for these AI agents. They could help with tasks like analysing data, creating business reports, managing processes, or even handling things like scheduling or basic customer support. It's believed that these AI information agents will become more common over the next few years, especially in 2024, as we make big progress in making and using them.
AI + Blockchain - Democratizing AI
In 2024, something big is happening with AI and crypto. Right now, only a few big companies control AI because it's costly to train and use. But with decentralized blockchains, things are changing. Imagine a global market where anyone can share their computer power or new data for AI and get rewarded for it. This is making AI more affordable and open to everyone. AI brings amazing things, but it also brings fake content problems. Crypto tech is stepping in to track down where this fake stuff comes from, making things safer online. The cool part is, in 2024, we're seeing these ideas becoming real. Organizations are experimenting with ways to make AI fairer and safer for everyone using these decentralized systems. It's like a new chapter for AI, making it more open and trustworthy.
... and that's it! Buckle up for a year packed with innovation, breakthroughs, and game-changing strides. Stay tuned for deeper insights into each trend and how they're set to reshape our tech landscape. Let's dive into the future together!
Interviewing Tiago Gonçalves to Executive Leaders Yearbook
In 2024, the biggest challenge we see continues to be attracting and retaining talent. As a people-centred technology company, talent is our fundamental asset. To keep improving this aspect, it is essential to have a healthy culture, based on principles, always focusing on flexibility and responsibility, and continually investing in the employee's career development. We also believe that is very important to invest in advanced technologies as innovation enhancers and to always be at the forefront of technological adoption, speed is fundamental.
In terms of opportunities, we see the use of generative artificial intelligence as a key factor in increasing human productivity and creativity. We also see a great opportunity to help companies accelerate the digital transition, always with sustainability in mind.
2 In terms of the biggest disruption without a doubt, generative artificial intelligence will have a transversal impact ranging from the areas of marketing and sales, product development, service and operations management, SW engineering, and risk management, to the financial and HR areas. For the first time, we have a technological advance that calls into question the areas with the greatest added value, the so-called "white collar" jobs. As optimistic people, we believe that this revolution will significantly increase human capabilities, not replace them.
We also have a series of other technologies that are in a mature phase and full adoption, such as cloud and edge computing, low-code, cyber security, applied artificial intelligence, IoT and advanced connectivity (5G, IoT /LPWAN, Satellites). In terms of technologies that are promising or already at the stage of maturity, but that still have some challenges to resolve, we see immersive realities (AR/VR) and Web 3.0.
Source : Executive IT Leaders Yearbook
AWS Reveals Trio of Serverless Tools for Scalable Data Analysis and Management
At AWS re:Invent, Amazon Web Services (AWS) announced three new serverless innovations for data infrastructure scaling. The new Amazon Aurora Limitless Database automatically scales beyond write limits, saving time compared to custom solutions. Amazon ElastiCache Serverless swiftly creates and scales caches without managing infrastructure, ensuring high availability.
Amazon Redshift Serverless, using AI, optimizes resources to meet price-performance targets. These innovations, part of AWS's serverless technologies, streamline data operations, enabling customers to focus on innovation without managing complex infrastructure. These advancements align with AWS's commitment to simplifying data analytics and optimizing costs for users.
Our Innsights : Unlock the full potential of AWS Cloud Serverless innovations with our specialized Cloud engineering team. AWS's recent breakthroughs, such as the Amazon Aurora Limitless Database, ElastiCache Serverless, and AI-driven scaling in Redshift Serverless, signify the future of scalable, efficient data infrastructure. Our team's proficiency in AWS Cloud Serverless products ensures seamless integration and optimization, empowering your company to swiftly adapt and scale data operations without the hassle of managing intricate infrastructure.
Image Credits : Michael-Vi/Shutterstock
AWS Fortifies Bedrock with Guardrails in Latest AI Safety Initiative
AWS recently introduced AI security measures within Amazon Bedrock, allowing organizations to implement tailored safeguards for responsible AI development. These content filters, compatible across various models like Anthropic's Claude and Meta's Llama 2, offer customizable restrictions on sensitive topics. In preview mode, the guardrails aim to prevent queries or responses from falling into restricted categories, reflecting AWS's response to enterprise concerns around secure AI adoption. Redaction capabilities for sensitive information in call centre transcripts are on the horizon, aligning with AWS's ongoing efforts toward responsible AI. Additionally, a Bedrock evaluation service aids in selecting suitable foundational models based on metrics like accuracy and safety. Despite the increasing adoption of generative AI, PwC's survey highlights the scarcity of governance around responsible AI. AWS's initiative seeks to address this gap, resonating with concerns cited by business leaders hindering AI adoption, emphasizing the need for informed and responsible AI utilization. Overall, these developments aim to ease adoption barriers for enterprises while ensuring technology providers effectively support AI infrastructure for responsible and secure usage.
Our Innsights : AWS's recent strides in AI security within Amazon Bedrock signify a pivotal shift towards responsible AI development. Proficiency in leveraging these new content filters compatible with Anthropic's Claude and Meta's Llama 2 ensures tailored and secure AI implementations. We navigate the complexities of this evolving landscape, ensuring your AI models adhere to customizable restrictions on sensitive topics, aligning seamlessly with AWS's mission for secure AI adoption. With our guidance, your organization can navigate these developments, leveraging Bedrock's evaluation service to select foundational models based on accuracy and safety metrics.
Image Credits: Noah Berger via Getty Images
Amazon Unveils Latest AI Chip in Strengthened Partnership with Nvidia
AWS unveiled a range of AI chips, including the Trainium2 for AI model training and Graviton4 processors, emphasizing enhanced performance and cost-effectiveness. Offering access to Nvidia's latest H200 GPUs, AWS aims to meet the soaring demand for high-powered chips after the success of OpenAI's ChatGPT.
In a bid to rival Microsoft, AWS taps into both proprietary and Nvidia's cutting-edge chips, catering to diverse customer needs. The Graviton4 processors promise superior performance at lower energy consumption, appealing to customers amid economic uncertainties. With plans to operate Nvidia GH200 Grace Hopper Superchips, AWS strengthens ties with Nvidia, aiming to leverage this infrastructure for extensive AI model development. While release dates for Nvidia H200 and Trainium2 instances remain undisclosed, customers can test Graviton4 virtual-machine instances now, hinting at imminent availability.
Our Innsights : Elevate your AI strategy with our team specialized in leveraging AWS AI innovations. AWS's unveiling of diverse AI chips, including Trainium2 and Graviton4, signifies a leap in performance and cost-efficiency. InnoWave stays in sync with AWS's advancements. As AWS strengthens ties with Nvidia, including the latest H200 GPUs, we align your AI projects with cutting-edge technology. Leverage our expertise to ride the wave of AWS's AI innovations, ensuring your solutions harness the latest advancements for true value-based performance
Image Credits : Chloe Ellingson | Bloomberg | Getty Images
Amazon Launches Q AI Assistant
Amazon's AWS has launched Amazon Q, a chat tool enabling businesses to ask tailored questions about their data. Introduced during AWS reinvent by CEO Adam Selipsky, Amazon Q acts as an AI assistant, allowing users to query company-specific information without extensive document sifting. Accessible via AWS Management Console, company documentation pages, and third-party apps like Slack, Q is designed not to train foundational models.
Leveraging AWS's repository of AI models, it offers customizable integration with Bedrock models like Meta's Llama 2 and Anthropic's Claude 2. Primarily available for Amazon Connect users, Amazon Q will expand to other services like Supply Chain and QuickSight. Dilip Kumar, AWS Applications VP, highlighted its tailored deployment across services; for instance, on Connect, it aids in real-time customer inquiries.
Priced at $40 per agent per month initially, Amazon Q offers a free trial until March 1, 2024. It respects security parameters, limiting access to authorized data. Comparable tools from Microsoft (Copilot) and Dropbox (Dash) exist, emphasizing the demand for such AI-driven functionalities. AWS also introduced guardrails for Bedrock users, enabling data privacy compliance and responsible AI standards, a vital aspect for regulated industries like finance and healthcare. Redacting personally identifiable information is on the horizon but not immediately available.
Our Innsights : At InnoWave, we can help you empower your AI engineering practices through Amazon Q, AWS's latest AI tool designed for seamless data querying. Leveraging AWS's robust AI infrastructure and our team's expertise, Amazon Q facilitates tailored inquiries, integrating smoothly with your existing AWS AI solutions.
Enhance your data-driven decision-making by effortlessly accessing specific company insights while ensuring compliance with data privacy standards. With our team's proficiency in AWS AI products, we can seamlessly implement Amazon Q into your workflow, enabling a more efficient and intelligent approach to handling your company's data queries.
Check here our Data Intelligence offer and get to know how our team can help your company.
OpenAI Establishes Team to Address "Catastrophic" AI Dangers
OpenAI has established the “Preparedness team”, led by Aleksander Madry, to assess and safeguard against potential catastrophic risks posed by AI models. These risks encompass AI's capacity to deceive, generate malicious code, and even threats in fields like chemical, biological, radiological, and nuclear areas. The team's responsibilities include forecasting, tracking, and studying various AI risk scenarios, from the conceivable to the more far-fetched. OpenAI is actively seeking community input on risk studies, offering a $25,000 prize and job opportunities in Preparedness for the top submissions. Preparedness aims to develop a "risk-informed development policy" to enhance AI model evaluation, monitoring, risk mitigation, and governance. The initiative underscores OpenAI's commitment to safety and preparedness for highly capable AI systems.
Our Innsights: OpenAI's proactive approach to mitigating 'catastrophic' AI risks is a powerful reminder of the evolving landscape. Our Data Science unit excels in harnessing the potential of generative AI practices. We offer the expertise to safeguard your operations and extract value from AI technologies. Partner with us to navigate the AI landscape securely and unlock new opportunities for your business!
Image Credits : Bryce Durbin / TechCrunch
Mayor of NYC Leverages AI for Multilingual Robocalls
New York City Mayor Eric Adams is using artificial intelligence to send robocalls in multiple languages, despite not being fluent in those languages, raising ethical concerns. While the move aims to reach diverse communities, it has drawn criticism from privacy and surveillance experts who find it deceptive and "deeply unethical." Adams defended the initiative as a way to make the city more welcoming, but concerns linger about the potential for misinformation. The use of AI to simulate language proficiency sparks debates over transparency and the balance between communication and ethics.
Our Innsights: In the age of AI-driven multilingual communication, InnoWave is here to maximize your reach while maintaining ethical standards. New York City's recent use of AI for multilingual robocalls highlights the power of data science. Partner with us to navigate the potential of generative AI practices, turning language diversity into a strategic advantage. Let's transform communication, boost engagement, and create business value together.
Image Credits : Ben Fractenberg/THE CITY
Ray-Ban and Meta's $299 Smart Glasses
Meta's $299 Ray-Ban smart glasses, created in partnership with Ray-Ban, blend fashion and functionality. They offer seamless integration into everyday life with features like photo and video capture, music playback, and a built-in Meta AI. The lightweight design makes them comfortable for extended wear, and the glasses excel at capturing vertical content for social media. While audio quality is decent, there's room for improvement, especially with the Meta AI's voice volume. The glasses come with a slimmer, more practical charging case. Aimed at a mainstream audience, these smart glasses provide a practical and stylish way to embrace wearable technology.
Our Innsights: At InnoWave, we empower organizations to harness the potential of AR/VR through our expertise, and we possess an in-depth understanding of the AR/VR landscape. Our readiness to integrate these cutting-edge devices seamlessly into your business is underpinned by our proven track record in AR/VR. Trust us as your AR/VR partner to confidently embrace the future.
Google and Amazon Report Record-Breaking DDoS Attacks Fueled by New Technique
Google, Amazon, and Cloudflare reported the largest-ever DDoS attacks in August due to a newfound vulnerability, known as CVE-2023-44487, in the HTTP/2 protocol. The attacks overwhelmed websites with an HTTP/2 Rapid Reset Attack, making them temporarily unavailable. Google mitigated an attack with 398 million requests per second, while Amazon and Cloudflare saw peaks of 155 million and 201 million requests per second, respectively. While minimal impact occurred, all three companies implemented additional protections and urged providers to apply security patches. This new DDoS vector is a significant concern as HTTP/2 is integral to about 60% of web applications, affecting users' website experience.
Our Innsights : At InnoWave, we're dedicated to equipping your business to face the unexpected. Recent record-breaking DDoS attacks have unveiled vulnerabilities that can severely impact your online presence. Our cybersecurity unit provides solutions to protect your digital assets. Don't wait until you become the next target and act now!
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ChatGPT Expands Its Abilities with Live Web Search
OpenAI has reintroduced ChatGPT's web browsing feature, allowing it to provide real-time answers from current and authoritative sources. This feature, called "Browse with Bing," is initially available to Plus and Enterprise subscribers but will be rolled out to all users soon. Users can access it via the browser version and iOS app. By enabling this feature, ChatGPT can retrieve information from the web, providing more accurate and up-to-date responses. This addition also allows users to verify the sources of information and is a significant improvement for fact-checking and credibility. OpenAI had initially introduced web browsing in late June but withdrew it after users found ways to access paywalled content. The company has since improved its web crawling capabilities to respect Robots.txt files.
Our Innsights: Elevate your business with our AI services, just like ChatGPT's 'Browse with Bing.' Access real-time, authoritative information for smarter decision-making. Stay ahead with AI solutions that deliver accurate insights from the web, ensuring credibility and relevance in today's fast-paced world. Contact us to supercharge your AI capabilities!
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Image Credits : The Verge
Amazon's Multi-Billion Investment in Anthropic Challenges OpenAI
Amazon is investing up to $4 billion in the artificial intelligence company Anthropic, taking a minority ownership stake. This move highlights Amazon's commitment to AI, as it competes with rivals like Microsoft and Google. Anthropic, founded by former OpenAI research executives, recently introduced its AI chatbot, Claude 2. The collaboration aims to advance generative AI, with Amazon Web Services (AWS) as the primary cloud provider. AWS customers will gain early access to model customization and fine-tuning features. Anthropic will use custom AWS-designed semiconductors to train foundational models for its AI applications, challenging Nvidia's dominance in AI chips. Amazon seeks to position itself as a comprehensive AI solution provider, offering chip design, cloud services, and AI applications. Anthropic has received support from Google and Salesforce Ventures, reflecting the ongoing investments in AI by tech giants.
Our Innsights: Stay ahead in AI like Amazon! Our AI services harness cutting-edge technology, just as Amazon invests billions in Anthropic. Elevate your business with AWS-backed AI solutions and take the lead in the AI revolution!
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Image Credits: Getty Images
Microsoft Reveals Unified Copilot Across Bing, Edge, and Windows
Microsoft Unveils Unified Copilot for Windows, Microsoft 365, Edge, and Bing. Starting September 26, 2023, Copilot will offer a seamless AI experience across Microsoft's ecosystem, providing context-aware assistance while prioritizing privacy and security.
Our Innsights: Stay ahead with our AI services! Just like Microsoft's unified Copilot, our AI solutions seamlessly integrate across your IT landscape, enhancing productivity while safeguarding your data. Elevate your business with AI-powered efficiency today!
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Image Credits : Microsoft
Unveiling the Ransomware Strike That Halted MGM Resorts
In a major cyberattack, MGM Resorts, which owns 12 iconic Las Vegas casino hotels including the Bellagio and Mandalay Bay, fell victim to ransomware. The attack, claimed by the ALPHV/BlackCat ransomware group, disrupted operations for more than 60 hours, causing check-in delays and affecting various services like digital payments, slot machines, and ATMs. It was executed by identifying an MGM IT support employee on LinkedIn, highlighting the impact of social engineering. Cybersecurity experts consider ALPHV a credible threat actor, with a history of global compromises. The breach's full extent and the ransom amount remain undisclosed, but the incident may have long-term reputational consequences for MGM.
Our Innsights: Are you prepared for the unexpected? MGM Resorts, a major player, fell victim to a crippling cyberattack. Don't wait until it's too late. Our cybersecurity services offer protection against evolving threats, securing your business and reputation. Stay one step ahead with our expert solutions
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Image Credits: Getty Images
Oporto's Team cleans Matosinhos Beach
On Saturday (Sep 23rd) we had our Beach Cleaning activity in OPorto and we were able to collect a lot of trash that was left on Matosinhos Beach!
The weather was great, but we started early so we managed to do most of the work while the beach was not yet full.
Not only were we able to collect diverse items that did not belong to the beach, but also contributed to the awareness of those on the beach and hopefully to their adoption of correct environmental behaviours. We gathered several items, including plastic bottles, food boxes, plastic packages and bottle caps, but the day's winner was the famous cigarette. We keep working to raise awareness on the importance of keeping these areas clean and we hope this action had a greater impact on everyone who saw us cleaning the beach!
It was a delightful morning as we could share a nice moment with our colleagues while contributing to a cleaner planet!
InnoWave India celebrates 5 years sponsoring the education of 5 kids
InnoWave India celebrates 5 years sponsoring the education of 5 kids.
Amidst the celebration of our 5th Anniversary at InnoWave India, we embarked on a heartfelt journey to make a lasting impact on the lives of those less fortunate. In the spirit of giving back, we chose to light up the futures of five young souls, hailing from underprivileged families, by shouldering the burden of their entire years’ worth of educational fees.
Imagine the gleam in their eyes when they learned that the barriers to their education had been lifted, allowing them to embark on a journey of knowledge, growth, and endless possibilities. In a world that often seems divided, this gesture served as a powerful reminder of our shared humanity and the beautiful impact we can have when we extend our hands to uplift others. We understood that, in our actions, we were not merely sponsoring education fees but became the architects of their dreams, hopes, and a brighter future.
This initiative was not just about celebrating our success; it was about sharing our success with those who need it the most. It was about realizing that our journey is not just about reaching milestones but also about reaching out to uplift those around us.
Here's to five years of growth, innovation, and most importantly, five years of making a difference. As we move forward, let us continue to embrace the power of giving and strive to light up even more futures.
We are not just a company; we are a beacon of light, illuminating the path towards a brighter future.
InnoWave & MEO Blueticket carry out World Youth Days' Digital Accreditation Process
InnoWave and MEO Blueticket were the companies chosen to carry out the entire accreditation process for the World Youth Days, a meeting that brings together, until August 6, between 1.5 and 2 million young people from all over the world to our country.
Several entities competed for this unprecedented event in Portugal. Due to the solution presented and the experience recognized in the market, the selection fell on the MEO Blueticket and InnoWave consortium, which jointly developed a 360º solution based on AWS. This platform went through the production of credentials and the creation of the check-in application for all teams involved and present at the event.
It is the first year in which the entire WYD accreditation process is carried out digitally, which implies real-time integration with various partners. Due to the complexity of the necessary technological development and other characteristics, this project was a challenge for the various areas of both teams.
Stability AI Unveils Stable Doodle: An Innovative Sketch-to-Image Tool
Stability AI introduces "Stable Doodle," a new sketch-to-image service powered by its image-generating model, Stable Diffusion. Using the latest Stable Diffusion model, Stable Doodle can transform sketches into visually pleasing artistic renditions. This service is designed for both professionals and novices, making it accessible to anyone with basic drawing skills and internet access. Stability AI emphasizes that Stable Doodle offers more precise control over image generation compared to other sketch-to-image AI tools. The underlying technology, Stable Diffusion XL, is combined with Tencent's R&D division's "T2I-Adapter," enabling the model to understand sketch outlines and produce high-quality images based on user prompts. While Stable Doodle has limitations in terms of supported art styles, it aims to serve designers and illustrators, streamlining their creative process and saving time. Although the service is free, Stability AI is exploring potential revenue sources as part of its business strategy.
Our Innsights: Imagine having the ability to produce exceptional artwork in seconds, all with just a basic sketch and an internet connection. Stable Doodle breaks the barriers of traditional art creation, making it accessible to anyone with even the most modest drawing skills. Don't miss out on the game-changing opportunity of bringing Generative AI to your business! Unlock your creative potential with us at InnoWave. Streamline your creative process, captivate your audience, and experience a whole new level of artistic expression. Contact us now and embark on a journey of limitless possibilities with Generative AI.
Source: https://techcrunch.com/2023/07/13/stability-ai-releases-stable-doodle-a-sketch-to-image-tool/
Image Credits: Stability AI
Cybercriminals Breach Healthcare Systems
HCA Healthcare, one of the largest healthcare companies in the U.S., has suffered a significant data breach. Hackers stole patient data affecting around 27 million patients in nearly two dozen states, including facilities in Florida and Texas. The compromised dataset includes patients' personal information and certain visit records. The breach was discovered when the stolen data was sold on a data breach forum. While no critical clinical details appear to have been disclosed, patients' full names, cities, and details of their last provider visits were compromised. HCA claims that no medical diagnoses or other critical medical information were impacted. However, the hacker has asserted having "emails with health diagnoses that correspond to a client ID." The company says the breached data originated from an external storage location exclusively used for formatting email messages. Shares of HCA Healthcare remained relatively unaffected by the news.
Our Innsights: Protect your company's valuable data from cyber threats! This recent HCA Healthcare data breach, impacting millions of patient's personal information, serves as a cautionary tale. Safeguard your business with our top-tier cybersecurity services. At InnoWave, our expert team uses cutting-edge tech and industry best practices to detect, prevent, and respond to breaches swiftly. Invest in proactive protection to build trust, enhance your brand reputation, and secure your future.
Source: https://www.cnbc.com/2023/07/10/hca-healthcare-patient-data-stolen-and-for-sale-by-hackers.html
Commitment to Responsible AI Development
Seven top AI companies, including Amazon, Google, and Microsoft, have made voluntary promises to the White House regarding responsible AI development. The commitments include investments in cybersecurity, discrimination research, and the implementation of a watermarking system to inform users when content is AI-generated. While there are currently no consequences for failing to meet these promises, the companies are expected to work on implementing them immediately. The White House is also working on an executive order to address AI risks, and lawmakers have introduced legislation to regulate the technology. The companies' representatives will physically sign these commitments at a summit at the White House.
Our Innsights: By choosing our AI services, you can rest assured that we are committed to implementing the latest advancements in AI while adhering to responsible practices. Our team will work tirelessly to bring your AI projects to life, keeping in mind the regulations and potential risks associated with the technology. At InnoWave, we believe that in this dynamic landscape, being proactive in responsible AI development can set your business apart and establish trust with your customers. Join us now, and let's build a future where AI-driven innovations bring positive impact and prosperity while upholding responsible principles.
Data Analysis Made Accessible for all ChatGPT Plus Users
OpenAI has introduced Code Interpreter, an in-house plug-in for ChatGPT Plus users, allowing AI to run code, analyze data, create charts, and manipulate files. The tool unlocks a wide range of capabilities, empowering data visualization, analysis, and manipulation. Early reactions from users and influencers are positive, showcasing its potential for sophisticated knowledge work and data science tasks. Code Interpreter addresses concerns of ChatGPT becoming less capable over time, offering a new standard for AI and data science. Safety is a priority, with ongoing refinement based on user feedback. The tool also presents promising possibilities for structured data and meaningful work with reduced rote tasks.
Our Innsights: At InnoWave, we believe that solutions such as Code Interpreter represent a clear and positive vision of what AI can contribute to the world of work and knowledge. As the boundaries of ChatGPT and large language models (LLMs) are continuously pushed, OpenAI aims to lead the way with this groundbreaking tool, setting a new standard for the future of AI and data science. With InnoWave as your partner, you'll gain a competitive edge and unlock the full potential of Generative AI for your organization. Don't miss out on the opportunity to revolutionize your business. Contact us now and embark on a journey of limitless possibilities with Generative AI!
Meta Platforms Advances AI with Image Joint Embedding Predictive Architecture
Meta Platforms Inc.'s artificial intelligence (AI) researchers are making progress on developing a new architecture for machines that can learn internal models of the world. The goal is to enable AI models to learn faster, plan complex tasks, and adapt to unfamiliar situations. Meta's AI team has introduced the Image Joint Embedding Predictive Architecture (I-JEPA), the first AI model based on this vision. I-JEPA learns by creating an internal model of the world, comparing abstract representations of images instead of pixels. It aims to replicate how humans passively observe and learn background knowledge about the world. I-JEPA predicts missing information by focusing on abstract prediction targets, unlike generative AI models that fill in missing information indiscriminately. I-JEPA has shown strong performance on computer vision benchmarks and is computationally efficient. Meta plans to open-source I-JEPA's training code and model checkpoints and expand its application to other domains. The research represents a significant step towards scaling self-supervised methods for learning a general model of the world.
Our Innsights: InnoWave leads the way in harnessing the transformative power of Generative AI. Our exceptional data science team is at the forefront of this groundbreaking technology, delivering unparalleled expertise and innovation to our clients. Unleash the full potential of Generative AI with our cutting-edge projects, proofs-of-concept, and ongoing efforts. From enhancing productivity to driving customer engagement, our tailored solutions leverage the latest trends in Generative AI to propel your organization forward. Experience the future today and revolutionize your business. Contact InnoWave and embark on a remarkable journey of discovery, creativity, and limitless possibilities with Generative AI!
Apple Unveils Apple Vision Pro
Apple has announced a new augmented reality headset called Apple Vision Pro, which blends the real and digital worlds seamlessly. The device, resembling ski goggles, is the first Apple product meant to be looked through rather than at. It features a separate battery pack and can be controlled using eyes, hands, and voice commands. Priced at $3,499, it will launch early next year in the US market, followed by other countries later. The Vision Pro is primarily an augmented reality device but can switch to full virtual reality using a dial. It operates without a physical controller, allowing users to browse and interact with app icons by looking at them. Voice commands and familiar iPhone and iPad apps are also supported. The headset includes five sensors, 12 cameras, a 4K display for each eye, and a fan-cooled computer. It has a modular cloth-lined mask and strap that can adapt to different face shapes and head sizes. The device supports Bluetooth accessories and allows Mac connectivity. The external battery lasts up to two hours, and the display is promised to deliver unprecedented sharpness and 4K video quality. The headset incorporates features like EyeSight to display the user's eyes and pass-through video for a view of the real world. It also enables projecting 3D objects into real space and offers spatial audio for remote conversations. Apple plans to include TV and Arcade content, including premium content from Disney. Despite delays, the Vision Pro is considered a significant addition to Apple's product line-up and will likely compete with Meta's Quest 2 and Quest Pro headsets.
Our Innsights: Step into the Future with InnoWave's AR/VR Solutions! At InnoWave, we bring you our top-notch AR/VR practice, perfectly tailored to harness the power of this groundbreaking technology. Unlock new dimensions of engagement and immersion with our comprehensive AR/VR solutions. Whether it's captivating customer experiences, immersive training simulations, or innovative marketing campaigns, InnoWave has the expertise to transform your vision into reality.
Our holistic approach goes beyond hardware and software, delivering seamless integration, captivating content, and exceptional user experiences. As Apple reshapes the AR/VR landscape, we're here to propel your business to the forefront of innovation. Join the future of AR/VR with InnoWave as your trusted partner. Contact us today and embrace the limitless potential of this transformative technology.
AI Helps Sir Paul McCartney Realize Unfinished Beatles Song
Sir Paul McCartney revealed that artificial intelligence (AI) played a crucial role in creating what he calls "the final Beatles record." Using AI, McCartney extracted John Lennon's voice from an old demo, enabling him to complete the song. The technology, employed during the production of Peter Jackson's documentary "Get Back," separated Lennon's vocals from background noise and instruments. This breakthrough allowed McCartney to "duet" with Lennon during his recent tour and create new surround sound mixes. While McCartney finds AI's advancements exciting yet scary, he looks forward to its future applications. The release of the final Beatles record, featuring the completed song, is eagerly anticipated. McCartney's involvement extends beyond music, as he recently launched a photography exhibition titled "Eyes of The Storm" at the National Portrait Gallery, showcasing portraits taken during The Beatles' rise to fame. As technology continues to evolve, AI's impact on the music industry and creative process is becoming increasingly significant. The integration of AI algorithms into music production allows artists to explore new possibilities, preserve and reinterpret existing material, and shape the future of music in unimaginable ways.
Our Innsights: As the revolution of Generative AI unfolds, industry leaders are relentlessly driving innovation to stay ahead. At InnoWave, our data science team is at the forefront of this transformative wave, constantly exploring the latest trends and harnessing the potential of Generative AI. Experience the cutting-edge capabilities of our projects, proofs-of-concept, and ongoing efforts, powered by our deep knowledge in this domain. With InnoWave as your partner, you'll gain a competitive edge and unlock the full potential of Generative AI for your organization. Don't miss out on the opportunity to revolutionize your business. Contact us now and embark on a journey of limitless possibilities with Generative AI!
Source : https://www.bbc.com/news/entertainment-arts-65881813
US Cyber Insurance Premiums Surge 50% in 2022 Amid Rising Ransomware Attacks
The demand for cyber insurance in the US experienced a significant surge in 2022, with premiums increasing by 50%. This growth was primarily driven by the rise in ransomware attacks and the expanding realm of online commerce, which heightened the need for coverage. Insurers collected $7.2 billion in premiums in 2022, marking a three-fold increase over the past three years. The escalating threat of cyber risks remains a persistent concern, and the coverage provided to insured individuals and companies depends on insurers' risk appetite and the willingness of reinsurers to provide coverage. Ransomware attacks, which saw a substantial increase, contributed to the heightened demand for cyber insurance, as the shift to remote work during the pandemic made individuals more vulnerable to digital attacks. This trend also prompted organizations and individuals to adopt stronger cybersecurity measures. Notably, loss ratios for standalone and packaged policies decreased to 43% and 48%, respectively, indicating positive signs for the industry after experiencing higher incurred losses in 2020 and 2021. Surplus lines insurers, specialized in covering unique risks not covered by conventional policies, have gained popularity and now account for most cyber insurance premiums. Looking ahead, the growth in demand for cyber insurance is expected to continue due to the expanding cyber landscape, increased complexity from artificial intelligence, and the resurgence of ransomware attacks in 2023.
Our Innsights: In an increasingly connected world, protecting your organization's valuable assets is paramount. At InnoWave, we specialize in providing comprehensive cybersecurity solutions tailored to your unique needs.
Our expert team of cybersecurity professionals utilizes state-of-the-art technologies and cutting-edge strategies to safeguard your digital infrastructure from evolving threats. From proactive threat intelligence to robust vulnerability assessments, we leave no stone unturned in securing your data, networks, and systems.
With InnoWave by your side, you can rest assured that your organization is fortified against cyber attacks. Our agile and proactive approach ensures rapid detection, response, and mitigation, minimizing the impact of potential breaches.
Don't compromise on security. Partner with InnoWave and elevate your cybersecurity defences to the next level. Contact us today to safeguard your digital future!
Microsoft Unveils Azure AI Studio for Building Custom AI Copilots
Switching to another big player: The Microsoft build 2023 event was a total success, and naturally, Generative AI was the hot topic. Microsoft has introduced Azure AI Studio, a new feature within the Azure OpenAI Service, enabling businesses to create their own AI-powered "copilots." With Azure AI Studio, customers can combine OpenAI models like ChatGPT or GPT-4 with their own data, be it text or images, to develop chat assistants or other applications that reason over private data. Unlike Microsoft's existing AI-powered copilots such as Bing Chat, which lack access to proprietary data, those created through Azure AI Studio can leverage an organization's specific data securely and without the need to train a model on the data. Azure AI Studio simplifies the process of grounding AI models on customer data and provides a valuable tool for building customized copilots. By offering this capability, Microsoft aims to leverage its Azure OpenAI Service and generate revenue while catering to more than 4,500 companies already using the service, including Coursera, Grammarly, Volvo, and IKEA. As an additional enhancement, Microsoft is rolling out updates to boost capacity for high-volume customers, including a new feature called Provisioned Throughput SKU, allowing customers to reserve and deploy model processing capacity on a monthly or yearly basis. This advancement ensures consistent latency and throughput for workloads with consistent characteristics, further encouraging the adoption of Azure OpenAI Service.
Our Innsights: Unleash the Power of Microsoft and OpenAI for Your Business. Revolutionize your organization with our state-of-the-art AI solutions powered by Microsoft and OpenAI. With our InnoWave data science expertise and the groundbreaking Azure AI Studio, you can create custom AI-powered "copilots" that leverage your proprietary data securely. Don't miss out on this opportunity to transform your business. Contact us now and unlock the potential of Microsoft and OpenAI for your organization!
Google Launches Preview of Search Generative Experience (SGE) as Rollout Begins
Google is launching its AI/LLM-powered Search Generative Experience (SGE) to users who signed up for the Search Labs program. SGE aims to provide answers to longer, multi-step searches by generating AI-powered snapshots of information from multiple sources. These snapshots will appear beneath the search bar with a colour background to distinguish them from regular search results. Google's large language models, such as MUM and PaLM2, provide objective and neutral responses. SGE will not generate a snapshot if there is insufficient information or low confidence in the response. On the desktop web, relevant websites will be displayed on the right, while mobile will show them in a carousel format. A button in the top-right corner lets users expand and view the sources that informed the answer. SGE also features a Conversational mode for follow-up questions and offers buying-related suggestions with generated overviews. Ads will be displayed above the snapshots and labelled as "Sponsored." Additionally, Search Labs introduces two new experiments: Code Tips, which provides coding pointers, and Add to Sheets, which allows inserting search results directly into spreadsheets. Users can sign up for Search Labs and access SGE, Code Tips, and Add to Sheets individually. Priority access will be given to Google One Premium subscribers with 2+ TB storage.
Our Innsights: As the revolution of Generative AI unfolds, industry leaders are relentlessly driving innovation to stay ahead. At InnoWave, our data science team is at the forefront of this transformative wave, constantly exploring the latest trends and harnessing the potential of Generative AI. Experience the cutting-edge capabilities of our projects, proofs-of-concept, and ongoing efforts, powered by our deep knowledge in this domain. With InnoWave as your partner, you'll gain a competitive edge and unlock the full potential of Generative AI for your organization. Don't miss out on the opportunity to revolutionize your business. Contact us now and embark on a journey of limitless possibilities with Generative AI!
Source: https://9to5google.com/2023/05/25/google-search-generative-experience/
InnoWave hires 100 new talent and reinforces the investment in startups
InnoWave wants to hire 130 people this year, of which 100 will be from Portuguese territory. A new office in Fundão is also in the plans and a unit creation dedicated to startups.
Read the full article here: https://lnkd.in/dEXYpiQu
From ecosystems and digital assets to changes in the financial system
APDC Business Digital Congress 2023 discussed the major technological upheavals and their foreseeable impacts, promoting a shared debate and identifying ways forward, and our team was there!
From ecosystems and digital assets to changes in the financial system and the advance of regulated digital currencies, from the transformation of public administration to changes in the labour market, digital technologies are changing everything and everyone at an ever-increasing pace.
The use of artificial intelligence, 5G, automation, the metaverse, tokenization, quantum computing, cybersecurity, and cloud computing will result in profound changes, if not revolutions, at both an economic and social level. There are numerous interconnected challenges that need to be addressed immediately, some of which are not even foreseeable yet in a world that continues to face numerous interconnected challenges.
All stakeholders had an opportunity to exchange ideas and create synergies at this stage.
Such a great event!
WOW transforms business through Digital Innovation with InnoWave
WOW transforms Business through Digital Innovation with InnoWave
April 28, 2023 – InnoWave is proud to announce that Wide Open West (WOW!), a leading broadband, cable and voice service provider in the United States, will continue its partnership with InnoWave to push ahead with its business transformation strategy through digital innovation.
InnoWave has partnered with WOW! since 2019 to implement several successful transformation projects such as Billing Simplification – the consolidation of several billing systems into one. Order to Cash Process Automation – provisioning flow automation to radically improve customer experience and increase operational efficiency. Enterprise Product Catalog and CPQ Implementation – improved time to market and sales process optimization. Customer Portal Redesign – a complete overhaul of the customer portal with a strong focus on user experience.
Marco Carreira, Managing Director of InnoWave in North America commented: “WOW! is a fantastic partner to work with because of their relentless drive to provide customers with the very best products and services through continuous innovation; very much aligned with our own culture.”
About InnoWave Technologies
InnoWave is a global IT innovation provider to the Telecommunications, Insurance, Healthcare and Utilities industries. An award-winning IT service provider, serving customers across the globe with the aim to Change Lives Through Innovation!
For more information, visit www.innowave.tech.
Rodrigo Loureiro talks about Cyber-risks at IDC Security Roadshow
On April 20 Rodrigo Loureiro was at IDC Cyber Security Roadshow presenting Navigating the Shift to Continuous Cyber-Risk Assessments and Scoring using Objective Security Metrics. Increasing cyber threats make traditional annual and quarterly security assessments obsolete. This is leading to a shift towards continuous risk management and assessment. The SEC's forthcoming cyber-risk scoring standards for publicly traded companies further emphasize the importance of objective security metrics and results measurement, especially as CEOs become increasingly concerned about rising security expenditures without clear returns. Attendees will gain insight into organizations' efforts to ensure continuous visibility by establishing updated reporting routines. They will also provide objective measures to justify how to focus security expenditures where it matters the most. With a focus on collaboration between IT, cybersecurity, and compliance departments, this presentation is a must-see for anyone looking to keep up to date in the changing cybersecurity landscape and protect their organization's assets and data consistent with their corporate strategy and aligned with the CEO and board objectives.
The European cybersecurity landscape will continue to evolve rapidly in 2023. Pandemic disruption still lingers, but new disruptive forces are emerging. In addition to ensuring compliance with data protection, privacy, and digital sovereignty regulations, security teams need to protect critical business assets, build trust, and protect critical business assets.
The massive shift to the cloud, the adoption of IT and virtualization, and the development of large supply chain ecosystems are all powerful drivers of growth. They can also lead to less positive outcomes, increasing risk, complexity, and attack surfaces.
The most effective way to solve complex problems is to maintain a combination of data that can support decisions.
Check the full talk here.
InnoWave at IDC Cloud Roadshow
Cloud technology has been one of the most significant enablers of organizational growth and performance for the last decade. As part of the IDC cloud roadshow, we saw a series of key topics compiled by top industry experts.
Gabriele Rachello, our CTO, was a speaker at the IDC Cloud Roadshow. With almost 15 years of experience in the IT industry, Gabriele has been involved in some of the most challenging and interesting projects around the globe. For several years he worked as an IT consultant in the telco business. During this time, he came across InnoWave.
Today's environment requires getting the most value from the cloud. Cloud business principles are attractive, but not every organization can exploit them. Companies will continue to move towards a more digital economy as they embrace the cloud and all its transformations. Businesses are looking for ways to automate operations, provide rich customer experiences, and launch new products - cloud computing can assist. The cloud's potential, however, cannot be unlocked simply by using magic formulas. Migrating to the cloud can result in higher costs for some organizations. Consequently, IT decision-makers have questioned whether the modern economy is just pure marketing.
Check the presentation here: https:// /yafm261Zu4I
How to be safe on the internet
How to be safe on the Internet is the right question to ask. Using the Internet is part of our daily lives, which is why it is often used by malicious criminals as a way to trick users into risky behaviour that could compromise their devices and personal data.
This February 7, 2023 - Safer Internet Day - we promote safer Internet browsing with some tips on how to minimize the risks that currently exist:
Use of strong and unique passwords for different services.
Avoid using common words and phrases and consider using a password manager.
Watch out for phishing campaigns.
Be wary of unsolicited emails that ask for personal information or follow suspicious links and attachments. Also, we must report phishing emails. In this way, the teams responsible for organisations' security can take appropriate preventive measures.
Browse secure websites only.
Look for the "https" and the URL bar lock icon before entering sensitive information.
Enable Multi-Factor Authentication (MFA) whenever possible.
This additional layer of authentication increases the security of online service accounts.
Pay attention to risky behaviour.
You should download files and click on links from trusted sources only.
Keep the software to access the Internet (browser) and operating system updated.
Regular updates fix vulnerabilities in the software, allowing for safer browsing.
Use secure networks.
Avoid using public networks for sensitive activities, as these networks are often not secure.
Keep your data safe!
Cycloid is now part of InnoWave Group
InnoWave announced the entry into the capital of Cycloid, a company specialized in the design, development, implementation and management of innovative solutions in the areas of TV and media, IoT and analytics, using cloud technologies and artificial intelligence/machine learning.
The entry of the technology company in the national group will allow the reinforcement of skills as well as explore new business opportunities. It will also promote internationalization since 66% of Cycloid's turnover is related to external business and was decisive for the purchase.
Furthermore, it allows InnoWave to grow and strengthen its position in the IT market. This year, the company expects revenues of 30.9 million euros, which represents a growth of 28% compared to 2021.
InnoWave has a mergers & acquisitions strategy to grow the business and the group, having acquired Wintrust in 2018, to strengthen the software testing area, and ViGIE Solutions in 2019, to solidify its position in the areas of IoT and Healthcare.
Tiago Gonçalves (in the photo), CEO of InnoWave, explains the acquisition: «in a time where the market presents companies with multiple and demanding challenges, InnoWave assumes itself as a buyer of companies with skills that reinforce our portfolio and that have a strong international footprint. This acquisition is another step in our growth strategy, which also materialized in competence centres in Portugal, such as Lisbon, Porto, Coimbra, Faro and Beja».
InnoWave grows 23% in 2021 and increases business perspectives for 2022
The Portuguese multinational company reported strong results last year and revised its 2022 growth plans to 28 per cent
InnoWave, a Portuguese technological innovation company, presented its 2021 financial results, with consolidated revenues of 24.1 million euros, an increase of 23% compared to 2020. With these results, ascertained on December 31, InnoWave revises its business perspectives for 2022. The company aims to end this year with revenues of 30.9 million euros, which represents a growth of 28% (16% organic and an additional 12% from acquisitions).
Among the fastest-growing areas are IoT (Internet of Things), cybersecurity, salesforce, automated software testing and blockchain.
In terms of revenue by geographic market, the largest market was the UK with 38% of the business, closely followed by Portugal with 21%, Benelux with 18% and the United States of America, which accounted for 16%. InnoWave has also seen rapid growth in its operations in India, which grew to 7% of global turnover. The international market was worth 79% of turnover last year.
As far as areas of operation in 2021 are concerned, Communications, Media & Technology stand out, representing 79% of the business, followed by Financial Services and Insurance with 11% and Energy with 7%.
Company to increase the team in 2022
To strengthen its offer during 2022, InnoWave plans to hire 160 people, in Portugal and India. In Portugal, the company opened new offices in Beja, focused on Cyber and IoT, facilities that complement the offer available in Lisbon, Porto and Coimbra. By the end of this year, the Portuguese multinational plans to open two more locations in Portugal to better cover the territory and give its teams more location options.
Tiago Gonçalves, InnoWave’s CEO: "We continue to bring value to our clients as they accelerate on their digital transformation journey. Our excellent performance in 2021 shows our ability to capitalise on the market opportunity that exists for the most innovative technology players. This is the direct result of our strategy of building a people-centric organisation, hiring the best talent and upskilling professionals where we are present. It also reflects the result of the strategy of focusing our business on the most strategic and innovative offerings and the goal of helping the world's leading companies power their businesses using the best of technology (digital, cloud, IoT, security, Data & AI and blockchain)."
Among the different InnoWave solutions and platforms that contributed to these solid results, the startups Vigie and Gamifyou should also be mentioned.
Vigie Solutions is the provider of a cloud health technology solution that allows more efficient and safe management of Hospitals, Pharmacies and Laboratories, allowing the intelligent monitoring of critical processes, using artificial intelligence, through the real-time collection of data from sensors. Vigie Solutions has more than 150 customers in Portugal and is now investing in its international expansion, having already customers in the United Kingdom, Belgium, Spain and Italy.
Gamifyou is a spinoff of the InnoWave Universe, created in 2021. Gamifyou has a cloud platform that uses artificial intelligence and gamification techniques to encourage good practices and promote behavioural change in employees, customers and citizens.
Making decisions out of Fear
One month ago a client told me that he thought I was very brave.
He told me that I had a lot of courage, and until today I dismissed the comment because for me, being brave means overcoming all your fears or overcoming extraordinary challenges, like climb the highest mountain in the world, or my case, entering in an aquarium with a lot of snakes.
Never came to my mind that I was demonstrating bravery every day, but the reality is that we all do. When we started our internal campaign, talking about InnoWave's values, I realized that different perspectives may coexist for the same values of courage, ambition and bravery.
Make Decisions
The dictionary definition of courage is “the quality of mind or spirit that enables a person to face difficulty, danger, pain...without fear.” however if we look at a more entrepreneurial spectrum, we deal every day with several obstacles and a multitude of fears as a part of our daily lives and for the most part, we dismiss our ability to overcome these as not worthy of acknowledgement.
For the past few years, I’ve been giving a training session at InnoWave focused on Stephen R. Covey's book, The 7 Habits of Highly Effective People. One thing I’ve learned through my path, is that recognizing your courage and bravery, no matter how insignificant the situation may seem to you, is empowering, it fuels your self-confidence, personal and professional power and this is the reason why all InnoWave leaders should continue to recognize every act of courage from their employees.
It’s true that when we become part of this " world of work" or in a new company or a new challenge, we always have the following fears:
- “Afraid of becoming stagnant and complacent.”
- “Afraid of not being in control.”
- “Afraid that I won't be able to get the job done.”
And there is no harm in having these fears, but it is also true that we can be afraid of joint construction of the following habits:
- Remind yourself that fear isn’t always helpful
- Have confidence in yourself, believe that your ideas are good, express your ideas and defend your view
- Embrace failure as part of the pathway to success
- Calculate risk-taking, re-think risk and think big
- Take initiative, show initiative and save time for your company
- And most important of all ‘remember to breathe’ important activity in decision making
In January I turned 10 years working at InnoWave. During my career path, I went through so many different functions, always challenging myself every day and I was afraid so many times but I always continued to do my best, I worked hard for 7 years to reach the Manager position. My main job role at the moment was due to a lot of courage aligned with ambition and bravery, for sure and obviously for all the recognition over time of my teams, peers and leaders. I love the following quote from one of Rocky Balboa's films “But it ain't about how hard ya hit. It's about how hard you can get hit and keep moving forward. How much you can take and keep moving forward. That's how winning is done!”, so never give up on your desires and goals.
Challenge yourself
Challenge yourself , challenge your team leader, don't be passive but active, find places where you can bring value and help to grow your organization and outside of work always try to put your stamp on everything you do because only then you will have a happy life and happiness feeds our soul.
by Tiago Correia, Head of Staffing