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FedEx and FourKites Announce Alliance to Make Supply Chains Work Smarter

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CHICAGO and MEMPHIS, Tenn., June 21, 2022 (GLOBE NEWSWIRE) — FedEx Corp. (NYSE: FDX) and supply chain visibility company FourKites today announced a strategic alliance that will provide businesses with new, more robust real-time visibility capabilities to help solve their most pervasive supply chain challenges, become more efficient, and unlock new growth opportunities. Events like the COVID-19 pandemic, ongoing geopolitical issues, port congestion, and other global disruptions have revealed the complexities in keeping interconnected supply chains around the world up and running. FedEx and FourKites are collaborating to make supply chains smarter by bringing comprehensive and highly granular visibility into multi-modal and multi-carrier operations with the deep network and rich insights of their combined networks.

FourKites’ real-time visibility platform has integrated intelligence at every point of the supply chain, and currently supports 2.5 million shipments a day, connecting the supply chains of 50% of Fortune 500 companies. Through this collaboration, FourKites will be using its machine learning and artificial intelligence capabilities with data insights from the FedEx network – which reaches more than 220 countries and territories, linking more than 99 percent of the world’s GDP, through more than 16.5 million shipments daily – to create a new end-to-end supply chain intelligence platform called FourKites X. FourKites X will provide tools and insights to help large shippers and logistics providers mitigate the impacts of sustained challenges via a suite of offerings ranging from dynamic planning and pre-shipment, to enhanced visibility and proactive alerts, to supply chain optimization insights.

To support this alliance and the launch of FourKites X, FedEx has made a strategic investment in FourKites.  

“This is an exciting collaboration between two industry leaders and innovators coming together to unlock new opportunities for our customers,” said Sriram Krishnasamy, CEO, FedEx Dataworks. “If the last two years have taught us anything, it’s that companies need to work together in order to work smarter and faster. Our collaboration with FourKites creates a data ecosystem that will deliver a new level of predictability and visibility to help businesses build smarter supply chains in today’s unpredictable and complex business environment.”

“We are excited to announce this groundbreaking platform and strategic collaboration with FedEx,” said Mathew Elenjickal, FourKites Founder & CEO. “Our organizations share an unwavering commitment to customer success through strategic innovation. Together, we are working to pave the future of global supply chains, built on a foundation of data and machine learning to deliver new value to those global supply chains.”

FourKites X – A Complete Picture of Global Supply Chain Operations

FedEx Dataworks, a business unit in FedEx focused on making supply chains smarter through a powerful data science approach and machine learning capabilities, will support FourKites’ development of the new platform, FourKites X, that will help give customers deeper actionable insights, more accurate ETAs, and more intelligent supply chains to reduce supply chain volatility, and improve top-line growth.

The platform is being designed to help large shippers and logistics providers identify areas of opportunity, such as:  

  • How chief supply chain officers can improve planning to address empty shelves and manufacturing slowdowns
  • How companies can use data to turn supply chain crises into chances to improve the customer experience
  • How chief financial officers can optimize supply chains for growth and efficiency  

“When it comes to supply chain data, more is always better,” said Steve Banker, Vice President, Supply Chain Services, at ARC Advisory Group. “The collaboration between FourKites and FedEx is exceptional in both the volume of data that it will aggregate, and in the degree to which it could improve predicted times of arrival, planning, and more. FourKites X can be a big step forward for this market.”

Customers of FourKites X will be able to integrate the platform with existing systems, and they will be able to receive new capabilities in a modular way with support from data engineers, data scientists and user experience experts. The FourKites X solution will include pre-built applications and an intuitive dashboard, which will allow customers to unlock things like pre-shipment weather advisories and supply chain insights.

To learn more about FourKites X, click here.  

About FedEx Corp.
FedEx Corp. (NYSE: FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce, and business services. With annual revenue of $92 billion, the company offers integrated business solutions through operating companies competing collectively, operating collaboratively, and innovating digitally under the respected FedEx brand. Consistently ranked among the world’s most admired and trusted employers, FedEx inspires its nearly 550,000 employees to remain focused on safety, the highest ethical and professional standards, and the needs of their customers and communities. FedEx is committed to connecting people and possibilities around the world responsibly and resourcefully, with a goal to achieve carbon-neutral operations by 2040. To learn more, please visit fedex.com/about.

About FourKites®
Leading global supply chain visibility platform FourKites® extends visibility beyond transportation into yards, warehouses, stores and beyond. Tracking more than 2.5 million shipments daily across road, rail, ocean, air, parcel and courier, and reaching more than 200 countries, FourKites combines real-time data and powerful machine learning to help companies digitize their end-to-end supply chains. More than 1,000 of the world’s most recognized brands — including 9 of the top-10 CPG and 18 of the top-20 food and beverage companies — trust FourKites to transform their business and create more agile, efficient and sustainable supply chains. To learn more, visit www.fourkites.com.

Media Contacts
Marianna Vyridi
Big Valley Marketing for FourKites
(650) 468-3263
[email protected] 

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/957af2bd-51a9-4e5f-8837-680cc2e823ea

GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Artificial Intelligence

Appian Signs a Strategic Collaboration Agreement with AWS to Deliver Private AI for End-to-End Process Automation

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Collaboration leverages Amazon Bedrock and Sagemaker to power Appian’s Data Fabric with generative AI capabilities
MCLEAN, Va., April 16, 2024 /PRNewswire/ — Appian (Nasdaq: APPN) announced today that it has signed a Strategic Collaboration Agreement (SCA) with Amazon Web Services (AWS) to make generative artificial intelligence (AI) more accessible to enterprise business processes. Appian will invest significant resources to find novel ways to combine Appian’s native AI capabilities and the Appian data fabric with the large language models (LLMs) provided by Amazon Bedrock and machine learning (ML) capabilities from Amazon SageMaker. Amazon Bedrock is a fully managed service that offers a choice of high-performing foundation models (FMs) from leading AI companies via a single API, along with a broad set of capabilities organizations need to build generative AI applications with security, privacy, and responsible AI. Amazon SageMaker is a service to build, train, and deploy ML models for any use case with fully managed infrastructure, tools, and workflows.

Appian is designed to automate mission-critical business processes in some of the most innovative, highly regulated, and security-sensitive industries. These customers want to leverage AI while maintaining the security of their data. They also face shortages of data scientists and increasing information technology (IT) backlogs. Appian’s private AI approach gives enterprises control over their own data and makes sure their data is not used to train public models that other organizations can use. Appian’s low-code AI process platform with its Appian AI Skills capability enables customers to easily incorporate AI into business processes, letting AI and humans work together seamlessly.
“Appian’s collaboration with AWS takes a major leap forward with this announcement,” said Michael Beckley, CTO at Appian. “The AI economy is here and it will quickly create a strong competitive advantage for organizations that know how to use it. Enterprises that upgrade their core business processes with AI and Appian’s data-driven insights will thrive while those that fail to do so will lose control of their data and their future. Amazon Bedrock is an important enabler for our private AI vision. Together, we give organizations the ability to effortlessly use AI for process automation with data privacy and security at the forefront.”
“The Appian AI Skill Designer helps us get real value from AI without needing a team of data scientists to figure it out. The no-code design made it quick and easy for our developers to incorporate AI into our existing applications,” said Matt Richard, CIO at LiUNA.
By harnessing the capabilities of Amazon Bedrock, Appian gains the ability to host LLMs within customer compliance boundaries and privately customize those models, ensuring that sensitive data remains secure and confidential. Amazon SageMaker allows Appian customers to create, train, and fine tune proprietary AI models using their own data. As AWS AI and ML services are designed with security and privacy best practices, Appian customers can leverage their data to receive more accurate and relevant results from their generative AI applications based on the unique needs of their businesses.
“Companies deeply care about security and privacy, especially when leveraging AI. This collaboration between AWS and Appian helps customers streamline mission-critical business processes confidently by leveraging AI and machine learning in a secure and compliant manner,” said Chris Grusz, Managing Director of Technology Partnerships at AWS.
Learn more about Appian’s relationship with AWS and its vision for generative AI-powered developer experiences.
About AppianAppian is a software company that automates business processes. The Appian AI Process Platform includes everything you need to design, automate, and optimize even the most complex processes, from start to finish. The world’s most innovative organizations trust Appian to improve their workflows, unify data, and optimize operations—resulting in better growth and superior customer experiences. For more information, visit appian.com. [Nasdaq: APPN]
Follow Appian: LinkedIn, Twitter.
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Artificial Intelligence

GAC TECH DAY 2024: Groundbreaking Innovations Redefine Automotive Excellence

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GUANGZHOU, China, April 16, 2024 /PRNewswire/ — On April 12, GAC TECH DAY 2024 took center stage at the GAC Research Institute in Guangzhou, China, under the theme “See the World with New Vision.” The conference was attended by approximately 260 foreign and domestic media outlets and distinguished guests, including relevant Guangdong Province and Guangzhou City leaders, Zeng Qinghong, Chairman of GAC Group, and Feng Xingya, President of GAC Group.

On the day, GAC, a trailblazer in automotive advancements, unveiled several groundbreaking technologies set to revolutionize the driving experience.
First, the Garcia Intelligent Driving System, a pioneering pure vision-based intelligent driving solution devoid of maps, promises a seamless and immersive driving experience. Unlike traditional systems reliant on high-precision maps and LiDAR, Garcia leverages visual sensors and AI algorithms to perceive the world with human-like precision. With three leading capabilities in visual recognition, Garcia offers unparalleled accuracy and reliability in complex traffic scenarios.
GAC also announced key breakthroughs in its all-solid-state power battery technology, setting a new standard for energy density, safety, and capacity. The innovative battery promises extended ranges exceeding 1000km and enhanced safety under extreme conditions. 
Both innovations are set for mass production and deployment by 2026.
In addition to technological breakthroughs, GAC showcased a range of advanced technologies and user-centric products, including electromagnetic suspension, skateboard chassis, and GOVE, the company’s first eVTOL mobility solution that has already completed its maiden flight this March.
GAC’s new iGLCA intelligent light commercial vehicle segment—MIRACO Motor—also made its official debut at GAC TECH DAY 2024 with the release of its flagship model “MiraLounge”. Primarily designed for passenger transport services, the vehicle allows for the separation of cabin and driving compartment to achieve a multi-model derivation through “MiraBoard 2.0” technology. The vehicle supports L2 to L4 level intelligent driving and is scheduled to hit the market in the fourth quarter of 2024. 
The event also marked the launch of the Welfare Edition of E9, GAC’s luxury PHEV MPV. The new version of the 7-seater caters to users with mobility challenges with its unique detachable electric seat.
GAC’s relentless pursuit of innovation underscores its vision to reshape the automotive landscape and drive sustainable growth. With a focus on technology-driven development, GAC aims to continue pushing the boundaries of automotive excellence, setting new benchmarks for the industry.
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Artificial Intelligence

SQream’s No-Code Platform Panoply Earns 21 G2 Badges in Key Customer Satisfaction Categories for Spring 2024 Report

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These badges demonstrate Panoply’s Continuously Unparalleled Excellence in data warehousing and data extraction based on compiled user reviews
NEW YORK, April 16, 2024 /PRNewswire/ — SQream, the GPU accelerated data processing and analytics company, announced today the remarkable achievement that its no-code ELT and analytics platform Panoply, has received 21 prestigious G2 badges for Spring 2024. These accolades highlight Panoply’s continued commitment to excellence and innovation in the data warehouse and ELT (Extract, Load, Transform) space, and underscores Panoply’s dedication to their customers, particularly in the realm of ease of use, and marks the highest number of badges awarded to the company in one report to date.

G2, a prominent authority in business software and service evaluations, leverages the collective knowledge of its user community to aid individuals in making well-informed choices regarding software and services for their enterprises. The G2 Spring 2024 Report rankings underscore Panoply’s significance to small- and medium-sized businesses grappling with data extraction challenges and highlight the exceptional simplicity of Panoply’s no-code approach.
“We are truly honored to receive 21 G2 badges, which reflect Panoply’s year-on-year growth in customer satisfaction. Simplifying data management in the no-code ELT space is at the core of our commitment to our customer base, and we are thrilled to see that Panoply’s exceptional solutions driving data transformation consistently receive this trusted stamp of approval,” said Ami Gal, CEO and Co-Founder of SQream. “We look forward to advancing our strategy of delivering robust data management solutions across all business types—from SMBs leveraging Panoply for streamlined cloud-based warehousing to enterprises implementing GPU-accelerated analytics with SQream, both in the cloud and on-prem. Our commitment remains to empower every organization to maximize their data potential and drive business success.”
Panoply has consistently set the industry standard for delivering user-friendly solutions that empower organizations to harness the full potential of their data. In the Spring 2024 G2 reports, Panoply earned badges in a wide array of categories, both for their data warehouse capabilities and ETL tools, showcasing its exceptional performance and dedication to simplifying complex data processes, including:
Data Warehouse Category: 
Best Estimated ROIBest Estimated ROI – Mid-MarketBest Support – Small BusinessEasiest AdminEasiest Admin – Mid-MarketEasiest Admin – Small BusinessEasiest Setup – Mid-MarketEasiest to Do Business With – Small BusinessEasiest to UseEasiest to Use – Small BusinessFastest Implementation – Small BusinessHigh PerformerHigh Performer – Asia PacificHigh Performer – EMEAHigh Performer – Mid-MarketHigh Performer – Small BusinessETL Tools Category: 
Easiest AdminEasiest SetupHigh PerformerHigh Performer – Mid-MarketHigh Performer – Small BusinessPanoply’s no-code approach to data management provides greater visibility into business performance by aggregating data from multiple data sources to deliver deeper insights. With Panoply, organizations can automatically store raw data in analysis-ready tables, create core business logic to keep metrics consistent, and explore and visualize their data within the platform’s workbench. Deploying a consolidated storage solution like Panoply also centralizes access to data assets to provide a single source of truth.
If you want to learn more about how Panoply can help you gain fast data insights, visit https://panoply.io and schedule a demo.
About Panoply by SQream
Panoply’s managed data warehouse plus ELT and dashboards make it easy for users to sync, store, access, and visualize their data without complex code. Panoply is a product line of SQream, specializing in data processing and analytics acceleration, revolutionizing the way organizations approach big data analytics and AI/ML workloads with its unique GPU-patented SQL engine. SQream’s solutions are designed to meet the needs of enterprises grappling with massive or complex datasets, offering unparalleled performance, scalability, and cost-efficiency. Tailored for industries ranging from finance to telecommunications, SQream empowers businesses to unlock actionable insights from their data with unprecedented speed and efficiency.
SQream is trusted by leading enterprises including LG Electronics, Samsung Display, Sinch, Orange, AIS, and more. To learn more, visit sqream.com or follow us on Twitter @sqreamtech.
Media Contact:Raz KaplanSenior Marketing Manager at SQream+972 [email protected]
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