Artificial Intelligence
iCAD’s Breast AI Platform Earns U.S. Department of Defense Authorization to Operate
NASHUA, N.H., Jan. 24, 2022 (GLOBE NEWSWIRE) — iCAD, Inc. (NASDAQ: ICAD), a global medical technology leader providing innovative cancer detection and therapy solutions, today announced that the Company’s breast artificial intelligence (AI) platform was granted an Authorization to Operate (ATO) from the U.S. Department of Defense (DoD). iCAD’s breast AI platform includes ProFound AI®, which became the first AI software for digital breast tomosynthesis (DBT) to be FDA cleared in 2018.
“It is a significant accomplishment for our technology to achieve this authorization,” said Stacey Stevens, President and incoming Chief Executive Officer of iCAD, Inc. “This distinction is a testament to the security of our technology and reinforces our steadfast commitment to providing safe and reliable health solutions to our customers and their patients. We look forward to capitalizing on this new market opportunity and continuing to expand access to ProFound AI and enhancing patient care for those in the military and their families.”
The DoD’s Risk Management Framework (RMF) requires technologies be granted an ATO in order to be approved for use at a DoD healthcare facility. Earning an ATO distinction requires the technology to meet the DoD’s stringent cybersecurity prevention thresholds, which are designed to minimize the risk of a potential cyber-attack. There are currently more than 500 DoD hospitals, inpatient facilities, ambulatory care and occupational health facilities worldwide.i The Military Health System (MHS) offers healthcare benefits and services through its TRICARE program to approximately 9.62 million beneficiaries, including servicemembers, military retirees, and family members.ii
ProFound AI is a high-performing cancer detection solution that rapidly and accurately analyzes each tomosynthesis image, detecting both malignant soft tissue densities and calcifications. Built with the latest in deep-learning AI technology, the software is clinically proven to assist radiologists by improving cancer detection and reducing reading times, while lowering false positive rates and unnecessary recalls. Used concurrently when reading mammography exams, Profound AI’s algorithm produces Certainty of Finding lesion and Case Scores, which represent the algorithm’s confidence that a detection or case is malignant. According to a large reader study, Profound AI for DBT achieved an 8 percent improvement in average reader sensitivity and a 7 percent improvement in average reader specificity. iii Furthermore, the technology reduced reading time for radiologists by 52.7 percent.iii
“ProFound AI is unrivaled in its accuracy, performance, and speed, and is truly transforming breast cancer screening and detection by enhancing both the patient and radiologist experience,” added Stevens. “With one in eight women at risk of being diagnosed with breast cancer in their lifetimeiv, the need for accurate and secure technology like ProFound AI could not be more important to help doctors catch the disease earlier and, ultimately, improve health outcomes for patients.”
About iCAD, Inc.
Headquartered in Nashua, NH, iCAD® is a global medical technology leader providing innovative cancer detection and therapy solutions. For more information, visit www.icadmed.com.
Forward-Looking Statements
Certain statements contained in this News Release constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including statements about the expected benefits of ProFound AI®, the benefits of the Company’s products, and future prospects for the Company’s technology platforms and products. Such forward-looking statements involve a number of known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Such factors include, but are not limited, to the Company’s ability to achieve business and strategic objectives, the willingness of patients to undergo mammography screening in light of risks of potential exposure to Covid-19, whether mammography screening will be treated as an essential procedure, whether ProFound AI will improve reading efficiency, improve specificity and sensitivity, reduce false positives and otherwise prove to be more beneficial for patients and clinicians, the impact of supply and manufacturing constraints or difficulties on our ability to fulfill our orders, uncertainty of future sales levels, to defend itself in litigation matters, protection of patents and other proprietary rights, product market acceptance, possible technological obsolescence of products, increased competition, government regulation, changes in Medicare or other reimbursement policies, risks relating to our existing and future debt obligations, competitive factors, the effects of a decline in the economy or markets served by the Company; and other risks detailed in the Company’s filings with the Securities and Exchange Commission. The words “believe,” “demonstrate,” “intend,” “expect,” “estimate,” “will,” “continue,” “anticipate,” “likely,” “seek,” and similar expressions identify forward-looking statements. Readers are cautioned not to place undue reliance on those forward-looking statements, which speak only as of the date the statement was made. The Company is under no obligation to provide any updates to any information contained in this release. For additional disclosure regarding these and other risks faced by iCAD, please see the disclosure contained in our public filings with the Securities and Exchange Commission, available on the Investors section of our website at http://www.icadmed.com and on the SEC’s website at http://www.sec.gov.
Contact:
Media Inquiries:
Jessica Burns, iCAD
+1-201-423-4492
[email protected]
Investor Relations:
Brian Ritchie, LifeSci Advisors
+1-212-915-2578
[email protected]
____________________________
i MHS Health Facilities. Accessed via https://www.health.mil/I-Am-A/Media/Media-Center/MHS-Health-Facilities
ii Congressional Research Service (CRS). Defense Primer: Military Health System. Accessed via https://sgp.fas.org/crs/natsec/IF10530.pdf
iii Conant, E et al. (2019). Improving Accuracy and Efficiency with Concurrent Use of Artificial Intelligence for Digital Breast Tomosynthesis. Radiology: Artificial Intelligence. 1 (4). Accessed via https://pubs.rsna.org/doi/10.1148/ryai.2019180096
iv American Cancer Society. Key Statistics for Breast Cancer. Accessed via https://www.cancer.org/cancer/breast-cancer/about/how-common-is-breast-cancer.html
Artificial Intelligence
Keyrus expands its data nearshore services connecting Portugal’s talent with the Dach Region, Netherlands and Nordic Countries
LISBON, Portugal, May 7, 2024 /PRNewswire/ — Keyrus, a global leader in data analytics and digital transformation, is proud to announce the consolidation of developing and delivering data solutions remotely from Portugal. After successfully demonstrating its expertise for over 3 years in the UK, France, and Belgium markets, Keyrus Portugal Nearshore is expanding its offering to the rest of Europe. This significant move establishes a seamless connection between the rich technological talent of Portugal and the robust markets of the Dach Region, Netherlands or Nordic Countries. This strategic initiative not only signifies Keyrus’ unwavering dedication to fostering digital innovation and transformation across the globe but also marks a milestone in its ongoing mission to bridge technological frontiers.
Keyrus Portugal’s focus on data nearshore services highlights the country’s competitive advantages, including its highly skilled technological talent, cutting-edge infrastructure, and geographical and cultural proximity to major European markets. These factors, combined with Keyrus’ deep experience and knowledge in data analytics, cloud solutions, ML, Gen AI, and digital solutions, ensure an unprecedented offering in terms of quality, efficiency, and value.
Javier Riera, Executive Director of Southern Europe at Keyrus, expresses excitement, “Consolidating our data nearshore services heralds a new era of collaboration, uniting Portugal’s top tech talent with leading European businesses. Our goal: deliver personalized resources, aligned with client needs, for efficient implementations and exceptional results.”
About Keyrus
Keyrus is a global consulting and technology company that focuses on making data matter, truly matter, from a human perspective. Since it is not only the data itself that matters, but the opportunities we can develop by leveraging it. A mere means to an end, data, whether big, small, human, complex, historical, prospective, only ever makes sense when it is used to develop experiences, shape understanding, make the best decisions. Our value proposition is founded upon five major groups of services, each comprising multiple offerings:
Automation and artificial intelligence. Human-centric digital experience. Data & analytics enablement. Cloud and security. Business transformation & innovation. At Keyrus, we help our clients to successfully transform themselves to build a better future.
Keyrus employs over 3500 employees and is based in 27+ countries across 4 continents.
Discover more about how Keyrus’ data nearshore services can revolutionize your business & data strategy by visiting nearshore.keyrus.com
Video – https://www.youtube.com/watch?v=KjNqa679m_YLogo – https://mma.prnewswire.com/media/2405297/Keyrus_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/keyrus-expands-its-data-nearshore-services-connecting-portugals-talent-with-the-dach-region-netherlands-and-nordic-countries-302137134.html
Artificial Intelligence
Promoting a Greener Future: Beny Becomes Official Sponsor of the Primeira Liga
MADRID, May 7, 2024 /PRNewswire/ — Beny recently announced that it has become the official sponsor of the Primeira Liga. This sponsorship will cover key events in the second quarter of the match. The announcement has drawn significant attention from both the business and sports communities, as it represents not only a commercial collaboration but also symbolizes the convergence of sports and environmental ideals. As the sponsor, Beny’s brand logo is prominently displayed on stadium fencing at the game venues, further enhancing brand visibility.
As a global leader in providing innovative new energy solutions, Beny’s product range includes photovoltaic DC power transmission and distribution, smart EV charging, and micro energy system, among other fields. With its mission to “Empowering the safe advancement of the new energy sector through AI,” Beny strives to contribute to the global energy transition through technological innovation.
Following Beny’s announcement of becoming the official sponsor, industry experts view this partnership not just as a business venture but also as a powerful statement that sports and environmental initiatives can work hand-in-hand to promote sustainable development. Beny’s General Manager, Jundan Wang, commented on the collaboration, stating, “This is a great opportunity to use football as a platform to spread the idea of green energy to a broader audience. We look forward to seeing players deliver stellar performances in the upcoming games, while Beny continues to innovate in the sustainable energy field, driving industry growth.”
Football is one of the most popular sports in the world, capable of uniting people from diverse backgrounds. This aligns with our aspiration: to offer a more sustainable future to global consumers. The Primeira Liga is renowned for its intense competition, technical excellence, and deep impact on fans. Through its sponsorship of game, Beny hopes to raise awareness and acceptance of green energy among fans, encouraging more people to engage in sustainable practices and contribute to a greener future.
The partnership with the Primeira Liga offers new opportunities and possibilities for both parties. This collaboration represents a win-win situation, not only advancing football as a sport but also supporting global efforts towards a sustainable energy transition. We look forward to witnessing the competitive spirit in the upcoming games and seeing both Beny and the Primeira Liga leave a lasting impression in their respective fields.
View original content:https://www.prnewswire.co.uk/news-releases/promoting-a-greener-future-beny-becomes-official-sponsor-of-the-primeira-liga-302137751.html
Artificial Intelligence
Persistent Transforms Enterprise Data Management with iAURA, a Portfolio of AI-Powered Data Solutions
SANTA CLARA, Calif. and PUNE, India, May 7, 2024 /PRNewswire/ — Persistent Systems (BSE: PERSISTENT) (NSE: PERSISTENT), a global Digital Engineering and Enterprise Modernization leader, announced the launch of Persistent iAURA, a suite of AI-powered data solutions engineered to catalyze business growth. iAURA empowers businesses with seamless deployment and precision in addressing data challenges for AI implementations. The solutions harness AI and ML to uncover hidden patterns, enabling data-driven decision-making, enhanced business intelligence, and automated data quality assurance and reconciliation.
In today’s data-driven world, businesses face challenges in handling large amounts of data while ensuring quality, governance, and cost control, often requiring specialized technical expertise. These challenges hinder strategic decision-making and impede growth, especially with the rise of AI, which requires access and integration of large amounts of high-quality data. As businesses aim to utilize AI, they face obstacles in utilizing data, including extracting actionable insights, ensuring quality, and automating migration processes. iAURA offers tailored solutions, expediting the transition to AI-driven enterprises, providing a comprehensive approach from data ingestion to insights using analytics and accelerators.
The AI-first solutions for complete enterprise data management in the iAURA portfolio include:
iAURA Insights empowers teams to talk to their data in natural language and get relevant business insights.iAURA Migrate automates and accelerates migration and modernization of data technologies using GenAI-enabled tools. It is a comprehensive suite of solutions that spans across Business Intelligence, ETL, Data Warehouse, among others.iAURA Data Ops ensures AI-driven data quality, data reconciliation, and data freshness.iAURA Platforms aid clients in managing tool choice, governance, security, and cost through data and AI platform services.In initial engagements, the benefits of iAURA have been substantial. With iAURA Insights, Persistent developed virtual agents driven by GenAI to seamlessly guide users on a step-by-step journey from business requirements to proposals. This enabled a leading pharmaceutical company to accelerate proposal response time by 90%.
iAURA is compatible with all major hyperscaler platforms and all leading LLM providers, giving clients the flexibility to deploy on their preferred choice of technologies. By combining advanced software solutions, robust platform capability, and deep implementation expertise, iAURA provides clients with unparalleled agility in deployment models. It integrates Persistent’s IP as accelerators and APIs, ensuring seamless integration and optimal performance.
Bidish Sarkar, Senior Vice President – Data and Analytics, Persistent:”We’re excited to introduce iAURA, a cutting-edge suite of AI-powered data solutions engineered to propel business growth. iAURA optimizes enterprise data management, accelerating the transformation from data ingestion to actionable insights. This enhancement empowers enterprises to expedite their decision-making, time to market, and accelerates the journey to scale GenAI use cases.”
Nandini Tare, Associate Practice Lead, Digital Engineering, HFS Research: “Data plays a critical role in GenAI solutions, accessing enterprise data and driving insights from it is one of the challenges that organizations face in today’s fast paced technology landscape. Persistent’s iAURA, unlocks the true potential of data. It drives growth by empowering organizations to make informed data driven decisions. Its seamless integration and compatibility with all hyperscalers bring flexibility of infrastructure and the ability to contextualize and visualize data accelerates insights for better decision making. The iAURA suite of solutions truly brings a strong proposition that transforms enterprise data into valuable outcomes.”
About Persistent
With over 23,800 employees located in 21 countries, Persistent Systems (BSE & NSE: PERSISTENT) is a global services and solutions company delivering Digital Engineering and Enterprise Modernization. As a participant of the United Nations Global Compact, Persistent is committed to aligning strategies and operations with universal principles on human rights, labor, environment, and anti-corruption, as well as take actions that advance societal goals. With 268% growth since 2020, Persistent is the fastest-growing Indian IT Services brand according to Brand Finance.
www.persistent.com
Forward-looking and Cautionary Statements
For risks and uncertainties relating to forward-looking statements, please visit persistent.com/flcs
Logo: https://mma.prnewswire.com/media/1022385/4436045/Persistent_Systems_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/persistent-transforms-enterprise-data-management-with-iaura-a-portfolio-of-ai-powered-data-solutions-302137884.html
-
Artificial Intelligence4 days agoCleverTap launches Clever.AI, the AI-Driven Edge for Customer Engagement & Retention
-
Uncategorized4 days agoImproving the Developer Journey in Crafting Artificial Intelligence Applications
-
Artificial Intelligence6 days agoAppdome Unveils World’s First Agentless Mobile EDR & MTD
-
Uncategorized4 days ago
Unveiling the Complex Psychological Implications of Artificial Intelligence
-
Artificial Intelligence4 days ago5G Enterprise Market Projected to Reach $115.81 billion by 2030 – Exclusive Report by 360iResearch
-
Artificial Intelligence4 days agoBitrue expands Bitcoin Runes Offerings with GPTV Listing and Staking Options
-
Artificial Intelligence4 days agoAppian Named a Leader in the 2024 Gartner® Magic Quadrant™ for Process Mining Platforms Report
-
Uncategorized4 days ago
AI Expert Urges New Mexico Lawmakers to Strengthen Regulation Efforts
