Artificial Intelligence
Frost Radar in the US eCommerce Fraud Prevention Market
New York, Feb. 05, 2020 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Frost Radar in the US eCommerce Fraud Prevention Market” – https://www.reportlinker.com/p05841326/?utm_source=GNW
By analyzing various data sources to identify unusual behavior or high-risk transactions through rule-and/or analytics-based methodologies, eCommerce fraud prevention solutions provide the core intelligence essential to help organizations address fraud and security challenges.Protecting retailers from eCommerce fraud by identifying high-risk transactions, and supporting and protecting newer service delivery experiences, are key focus areas for the eCommerce fraud prevention solution providers. The research indicates that eCommerce fraud prevention solutions focused primarily on static data and rule-based analytics to address transaction fraud are inadequate for preventing sophisticated fraud mechanisms. There is a clear need for behavioral, analytics-based fraud management solutions that can leverage the power of machine learning and artificial intelligence to identify threats and assist with timely decision-making for fraud prevention. The ability to collect, create and augment data from across verticals, industries, various sizes of companies, locations, and types of products to find patterns and behaviors that would otherwise be hidden if the data were only across one network, vertical, or location is imperative. Ultimately, it is not just the amount of data that is collected: what the provider is able to do with the data is what matters for successful eCommerce fraud prevention. The radar reveals the market positioning of companies in an industry using their Growth and Innovation scores as highlighted in the radar methodology. The document presents competitive profiles on each of the companies in the radar based on their strengths, opportunities, and a small discussion on their positioning. The analyst examines hundreds of companies in the industry and benchmarks them across 10 criteria on the radar, where the leading companies in the industry are then positioned. Industry leaders on both the Growth and Innovation indices are recognized as best practice recipients. About Reportlinker __________________________
Author: Vikrant Gandhi
Read the full report: https://www.reportlinker.com/p05841326/?utm_source=GNW
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need – instantly, in one place.
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Artificial Intelligence
DevEx Connect Launches Series of U.K. Events to Elevate the Developer Experience and Support Software Communities
Manchester Summit Marks the First Event by DevEx Connect to Bring the Developer Community Together to Connect and Share Ideas and Experiences
LONDON, Oct. 9, 2024 /PRNewswire/ — DevEx Connect, the global Developer Experience event series, today announced its first series of events to foster the growth and health of software communities. The first event will occur in Manchester at etc.venues on October 29. DevEx Connect events will bring developers, industry influencers, and software providers together to share knowledge, collaborate, and drive innovation within the tech ecosystem.
For more information about Manchester Summit and to register, please visit: https://devexconnect.io/conferences/manchester-summit/
“At DevEx Connect, we know developer communities thrive through meaningful interactions and peer support,” said Ethan Sumner, CEO of DevEx Connect. “Our events create spaces where innovation flourishes, and knowledge is freely shared. We believe uniting the developer community can drive positive change and enhance the overall Developer Experience.”
The Manchester Summit agenda addresses the latest ideas in developer experience, DevOps, SRE, platform engineering, and AI/ML. Sessions will include deep-dive case studies, in-depth discussions, and technical walk-throughs. Attendees can expect real-life stories from some of the biggest U.K.-based brands about the obstacles, roadblocks, and unexpected wins in their DevEx journeys.
Speakers at the Manchester Summit include:
Peter Brown, Head of Engineering, Smarter Journeys Lab at Lloyds Banking GroupHolly Smith, Developer Advocate at DatabricksSarah Schlobohm, Head of AI at The Citation GroupRachael Ainsworth, Orgnaiser, HER+Data MCR & Senior Product Manager at Kraken FlexAndy Norton, Senior Engineering Manager at FlipdishToli Apostolidis, Principal Engineer at FlipdishPhil Simpson, Interim Head of Software Engineering at Transport for Greater ManchesterVincent Declercq, Co-Founder & CEO at FirstMateDevelopers and organizations interested in participating in DevEx Connect events can contact the team at [email protected] to learn more about speaking and sponsorship opportunities.
DevEx Connect Events Schedule
The following events are scheduled. For more information, please visit https://devexconnect.io/conferences/.
October 29, 2024: DevEx Connect Manchester SummitOctober 30, 2024: Cloud Roadshow ManchesterFebruary 23-24, 2025: Cloud Roadshow LondonFebruary 25, 2025: DevOps Leadership SummitFebruary 27-28, 2025: DevEx Connect London SummitJune 11-12, 2025: DevEx Connect San Francisco SummitAbout DevEx Connect
DevEx Connect is a community-driven organization that enhances the Developer Experience (DevEx) by fostering strong, vibrant communities. Through high-quality events, research and analysis, DevEx Connect provides developers with the tools and connections they need to innovate and excel. DevEx Connect is committed to building a global network where developers can collaborate, share ideas and find inspiration, contributing to a thriving tech landscape. For more information, please visit https://devexconnect.io/.
Media ContactOlivia [email protected]
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Artificial Intelligence
DeepL is 2024’s Most-Used Machine Translation Provider Worldwide among language service companies
Language AI tools are transforming the industry, boosting efficiency, cutting costs, and driving growth – with DeepL usage far outpacing Google, Microsoft and more
COLOGNE, Germany, Oct. 9, 2024 /PRNewswire/ — DeepL, a leading global Language AI company, has been named the #1 most-used machine translation (MT) provider among global language service companies in a new 2024 ALC Industry Survey report by the Association of Language Companies (ALC) and Slator. The company’s rise to market leadership, coupled with its exponential growth – DeepL now serves over 100,000 business and government customers worldwide – highlights the growing significance of AI-powered translation solutions in transforming industries, including language services, manufacturing, legal, healthcare and more.
“This exciting milestone highlights the accuracy and reliability of DeepL’s specialized Language AI platform, which is trusted by businesses worldwide for critical translation projects. It also is a testament to our positive impact on their cost savings, efficiency, and growth,” said Jarek Kutylowski, CEO and Founder, DeepL. “As AI in language services gains in popularity, we are honored to be the industry’s preferred Language AI partner and are committed to providing industry-leading, cutting-edge, specialized tools for translation, AI-driven content creation, and more.”
The new ALC report surveyed 127 language service companies (LSCs) from 28 countries*. The results underscore the expanding role of machine translation in the services offered by LSCS to key industries such as healthcare, law, and education.
Key findings of the report include:
– DeepL is the most-used machine translation provider among LSCs, with 82% of them using its technology in 2024, far surpassing companies including Google (46%), Microsoft (32%), and Amazon AWS (17%).- DeepL’s traction has grown significantly over the last 12 months, rising from third place in 2023 to the top provider in 2024.- This growth aligns with an increasing focus on AI within the industry overall, with 75% of LSCs receiving proactive customer inquiries about AI in the last six months.
The ALC report also revealed that 40% of LSCs see offering additional AI services as crucial for maintaining competitiveness, with one in three planning to introduce new services over the next three years. Key drivers of this accelerated adoption include notable advancements in generative AI and LLM technology; increased executive-level prioritization of language services; growing customer demand; as well as cost, time, and productivity efficiencies.
“It’s striking that a specialized language AI company like DeepL has overtaken tech giants like Google and AWS as the top machine translation provider among language service companies surveyed by Slator on behalf of the ALC. As AI adoption speeds up and language AI becomes a key value driver, this shift suggests that agile, focused companies can outpace larger competitors by delivering impact in critical areas,” said Anna Wyndham, Head of Research, Slator
Since its inception in 2017, DeepL has become the Language AI provider of choice for businesses across multiple industries including language services, manufacturing, legal, retail, healthcare, technology, and professional services. The company’s specialized Language AI platform has become a critical investment for global businesses today, addressing a variety of communication challenges ranging from internal communications to customer support and international market expansion. Unlike general-purpose AI systems, DeepL’s cutting-edge translation and writing solutions rely on specialized AI models specifically tuned for language, resulting in more precise translations for a variety of use cases and a reduced risk of hallucinations and misinformation. In business translation and writing, accuracy is paramount, making specialized AI models the most reliable and preferred solution for language challenges.
DeepL’s Language AI platform is also proven to drive significant cost savings and efficiencies. A 2024 Forrester study revealed that the use of DeepL delivered 345% ROI for global companies, reducing translation time by 90% and driving a 50% in workload reduction, underscoring, in our opinion, the power of its platform for businesses looking to grow their revenue and enter new markets faster and at scale.
Learn more about how DeepL and how it can transform your business here.
About DeepL DeepL is on a mission to break down language barriers for businesses everywhere. Over 100,000 businesses and governments and millions of individuals in 228 global markets trust DeepL’s Language AI platform for human-like translation and better writing. Designed with enterprise security in mind, companies around the world leverage DeepL’s AI solutions that are specifically tuned for language to transform business communications, expand markets, and improve productivity. Founded in 2017 by CEO Jaroslaw (Jarek) Kutylowski, DeepL today has over 900 passionate employees and is supported by world-renowned investors including Benchmark, IVP, and Index Ventures.
*The 2024 report by the Association of Language Companies (ALC) and Slator is based on a survey of 127 language service companies from 28 countries, conducted between June 17 and July 29, 2024.
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Artificial Intelligence
Proteine Resources secures €1.36 million in funding to accelerate the insect revolution in CEE
KRAKÓW, Poland, Oct. 9, 2024 /PRNewswire/ — Proteine Resources, a Polish innovative biotech company revolutionizing the animal nutrition market through sustainable and autonomous production of insect protein, has raised €1.36 million from SMOK Ventures and Bitspiration Booster VC, bringing its total funding to €1.8 million. The company targets a goal of achieving €62 million in annual revenue from insect protein sales by 2030.
The firm has developed a scalable production technology and an operational pilot line, planning to launch construction of its first factory in 2025 near sources of insect feed. With global protein demand projected to rise by 60% by 2050, Proteine Resources aims to address the challenges of sustainable protein production for both animal feed and human consumption.
Co-CEO Bartłomiej Roszkowski emphasizes the company’s commitment to climate neutrality and the reduction of greenhouse gases. His partner, Konrad Włodarczyk, brings 15 years of expertise in autonomous production technology. Their approach results in insects containing nearly 70% protein, 3–5 times more essential amino acids than competing products, unsaturated fatty acids and a quick rearing cycle of just four weeks, using a proprietary feeding system based on agri-food by-products.
Company’s innovations also include patented multispectral analysis technology, allowing real-time monitoring of insect health and quality. This level of automation enables large-scale breeding while ensuring consistent product quality and enhancing efficiency. Insect protein has many applications and can revolutionize the animal feed and pet food markets, providing a nutritious alternative that is both sustainable and eco-friendly.
Investors see significant scalability potential in Proteine Resources’ model, with SMOK Ventures and Bitspiration Booster VC recognizing the market opportunity driven by rising climate awareness. Its strategy involves developing a franchise system for modular factories located near feed sources, aiming to establish a global network of autonomous breeding units managed by advanced AI algorithms.
By 2030, Proteine Resources targets €62 million in annual sales and expects its first revenues in 2026. To meet strong demand, the company is already securing pre-orders for its products, allowing it to operate with 80% of its production capacity reserved for customers, leaving the remaining 20% as a buffer.
This innovative approach positions Proteine Resources as a leader in the future of sustainable protein production, addressing both ecological needs and market demands. The potential impact on food security and environmental sustainability makes the company’s vision crucial in the context of global challenges.
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