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Google Cloud added to Blume Global’s Advanced Technologies Toolbox

Google Cloud added to Blume Global’s Advanced Technologies Toolbox

Blume Global and Google Cloud announced their technology partnership earlier this week, adding to Blume’s already extensive tech toolbox. The company confirmed the partnership will help to improve artificial intelligence (AI), algorithms and machine learning for customers.

The Google Cloud platform provides companies with increased visibility on shipments while enabling them to more accurately predict estimated time of arrivals through its real-time cloud-based performance features.

“Digital supply chain capabilities are evolving quickly and partnerships like this play a critical role in connecting those capabilities and enabling next level integration. A strong ecosystem of partners is crucial to the success of a modern supply chain,” said Simon Ellis, program vice president, global Supply Chain Strategies at IDC.

Blume currently employs data management, blockchain, AI/ML, cognitive interfaces and visualization as part of their strategy to support customers with supply chain solutions.

“We’re delighted that Blume Global will bring its leading digital supply chain capabilities to Google Cloud” said Kevin Ichhpurani, Corporate Vice President, Global Partner Ecosystem at Google Cloud.  “Retail customers want to modernize quickly, and our partnership with Blume will be an asset to them, letting them leverage Blume’s expertise in supply chain alongside the scalability, flexibility and leading AI and ML capabilities of Google Cloud.”

“By joining Google’s Cloud Technology partner program, we are able to focus more on developing our proprietary technology to create advantages in the supply chain,” said Pervinder Johar, CEO, Blume Global. “We chose Google Cloud because they are an open, neutral cloud platform that allows us to scale quickly and take advantage of their expertise in technologies like AI and ML.”

2019 Technology Drivers Revealed in Dynamic EMS Report

A recent report from UK’s Dynamic EMS highlights the ups and downs within the supply chain and component manufacturing during 2018. From consistent acquisitions and mergers to an evergreen political environment and increased technology, the report confirms 2018 consisted of more positive than negative outcomes and predicts trends to look out for during 2019.

A key factor identified in 2018 that will impact 2019 is the  involvement with three Chinese companies, YMTC, Innotron (Hefei Chang Xin) and JHICC’s trial production of DRAMs and NAND flash. It’s reported mass production to China’s first domestic chip will occur well into the first half of the year.

EMS landscaping was confirmed with a 5 percent growth in the European regions, based on the 2017 numbers. Dynamic EMS confirmed a total of 6 percent growth in revenue paired with consistent development and customer market wins.

Technology such as Fintech, IOT, BIOT, Augmented Reality, AI, and other automation initiatives are predicted to continue demanding increased development and advancement for operations. Additionally, the company outlined 3D component printing and trade tariffs with China on the forefront for the future of 2019. More specifically, the company will carefully watch China’s involvement as a component supplier.

Source: Dynamic EMS

 

 

$45 million in Financing to Boost Security Guard Services Technology

Toronto-based Georgian Partners and Montreal-based Caisse de dépôt et placement du Québec (la Caisse) confirmed a $45 million in financing was granted to Montreal-based tech startup TrackTik Software Inc., known for its integrated security workforce management cloud-based software.

The substantial amount of funds will support initiatives in expanding product development (including AI and MI technology) as well as support efforts in doubling the staff at TrackTik as the company broadens its international footprint.

Through the combination of perfect timing and what’s described as an ideal cultural fit, the companies Georgian Partners cites TrackTik’s technology aligns with current industry demands and  market pull.

TrackTik ranked No. 11 on the Deloitte Technology Fast 50 list, placed 36th on the Canadian Business 2018 Startup 50 ranking of Canada’s Top New Growth Companies, and received a 2018 SaaS Award for Customer Success by San Diego-based APPEALIE.

“This investment is in effect good news for the security workforce management industry as a whole as it is enabling us to reimagine every aspect of the industry, helping users of our technology to perform at unprecedented levels of intelligence and efficiency as they obtain their key business objectives,” said TrackTik Founder and CEO Simon Ferragne in making the announcement. “These unique tools will not only add value to our users but will in turn enable our clients to add value to their own customers,” he said, revealing that the new products are planned to start rolling out in early 2019.

“TrackTik’s unique end-to-end security workforce management software is advancing the security industry to improve services and make smarter, data-driven decisions,” said Steve Leightell, Partner at Georgian Partners. “They’ve built a powerful solution that is solving their customers’ greatest business needs and are truly leading the industry. We are thrilled to be working with the TrackTik team to develop their software’s cutting-edge artificial intelligence capabilities. Georgian’s core philosophy is that businesses utilizing applied AI will enable superior service levels in terms of capability, delivery, availability, accuracy and convenience, and so we look forward to being a part of this phase of their growth.”

“This new investment will enable TrackTik to continue its international development and reaffirms la Caisse’s support for technology companies, which represent a promising sector of Québec’s economy. One of the fastest growing technology companies in Canada, TrackTik will use the proceeds of this transaction to pursue its strategic expansion plan, which includes developing more machine learning technology,” adds  Managing Director Venture Capital and Technologies at la Caisse Thomas Birch.

Source: Progressive Marketing Innovations Ltd.