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Artificial Intelligence

Global Error Monitoring Software Market Set to Reach Valuation of $2,352.6 Million by 2030 – Astute Analytica

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New Delhi, Nov. 02, 2022 (GLOBE NEWSWIRE) — Error monitoring software (EMS) are used by organizations across many industries for a variety of purposes, including detecting and resolving incidents, managing performance, and optimizing operations. The primary use case for EMS is to monitor systems and deployments for errors and deviations from recommended standards or best practices. The main drivers for this growth of the global error monitoring software market include increasing demand for better insights into user interaction and accelerated adoption of cloud-based solutions. This will result in more complex applications with more errors and an increase in the number of users who require error monitoring.

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To meet the rising demand for error monitoring software, vendors are focusing on deploying innovative technology solutions. These technologies include machine learning, artificial intelligence, and context-aware analysis. Vendors are also expanding their product offerings to include comprehensive customer management capabilities that provide real-time visibility into customer issues and help address them quickly.

The trend for proactive error detection and correction starts with organizations recognizing that they are responsible for their own data security. They want to detect and correct errors before they cause harm, rather than dealing with the aftermath.

Specifically, Astute Analytica projects that the demand for gathering information on system status grew 815% from 2015 through 2021 in global error monitoring software market. In contrast, the market for providing error notification and intervention services grew 266% during the same period. This is because businesses are realizing notifying users about erroneous behavior is better than having users experience erroneous behavior firsthand. Additionally, businesses are looking to provide more personalized notifications so that corrective actions can be taken quickly.

Over 48% Organizations Use Advanced Analytics to Identify and Diagnose Errors

In 2021, Astute Analytica released the global error monitoring software market survey, which provides an overview of the maturity of different types of error monitoring solutions. The study examines how organizations use these software solutions to detect and diagnose errors and to ensure that they are corrected.

The survey covered 237 organizations in North America, Europe, Asia Pacific, and Latin America. Of these, 100% use some form of error monitoring solution. 74% of respondents use software for detection only, while one 26% uses software for both detection and diagnosis.

One of the key findings from the study on the global error monitoring software market was that a majority of organizations (68%) are using or considering using advanced analytics to identify and diagnose errors. This is in stark contrast to the 9% who reported not detecting any type of errors in their past year. In addition, almost half (48%) of those who detected errors said they were able to reduce the number of incidents by more than 50% as a result.

The most popular types of software used to monitor errors in the global error monitoring software market are application monitoring (51%), system performance monitoring (45%) and network performance monitoring (37%). When it comes to detecting changes in server behavior, traditional log analysis is still the most common way to detect changes in server behavior (63%). However, this method can be time-consuming and repetitive. In addition, it’s not always possible to determine the root cause of an issue when using log analysis alone.

Browse summary of the report and Complete Table of Contents (ToC): https://www.astuteanalytica.com/industry-report/error-monitoring-software-market

Top 7 Trends in Global Error Monitoring Software Market

1. Cost effectiveness: Many organizations are looking for ways to save on their error monitoring software costs while still getting the necessary functionality. Some of the newer, more cost-effective software options offer features that larger organizations may not need, such as dashboards and ChatOps integration.

2. Scalability: Many organizations are seeing the benefits of using centralized error monitoring software across multiple applications and devices. This allows for better root-cause analysis, faster troubleshooting, and improved performance overall.

3. Automation: As more organizations in the global error monitoring software market adopt automated error detection and resolution processes, they’re looking for tools that make this process easier and more streamlined. Several new options integrate with existing automation platforms, making it easy to get started without having to re-write existing scripts or integrations.

4. Machine learning: Growing numbers of organizations are using machine learning algorithms to improve their error monitoring capabilities. These algorithms can automatically identify anomalous activity and take appropriate action, helping to reduce incidents and streamline incident response processes.

5. Security enhancements: As cyberattacks become increasingly sophisticated, many organizations in the error monitoring software market are turning to error monitoring software that offers enhanced security features as a way to protect themselves from potential attacks. These features can include malware detection, data integrity checks, and encryption of data in transit or storage.

6. Growth in cloud-based solutions: As organizations move more operations to the cloud, they need error monitoring software that can keep up with the rapid pace of change. Cloud-based solutions offer an immediate advantage in terms of scalability, as well as reduced costs due to remote deployment.

7. Increased focus on DevOps: As DevOps gains traction in enterprises, the need for smarter error management becomes even more apparent in error monitoring software market. DevOps is all about automating processes and integrating different systems in order to speed up development and improve quality assurance. In order to achieve this goal, effective error monitoring is critical.

Sentry, Zoho Corporation, JetBrains, and Crashlytics Generate 70% Revenue of Global Error Monitoring Software Market

The error monitoring software industry is booming, and there are a number of top players in the market. Sentry, Zoho Corporation, JetBrains, and Crashlytics are all well-known names with strong reputations. They all offer different features and pricing models.

Sentry is one of the oldest players in the error monitoring software market, and it has a wide range of features. It can monitor errors across multiple applications and platforms, so it’s perfect for businesses that use a variety of software products.

Zoho Corporation is a newer player on the scene, but it has quickly gained popularity due to its user-friendly interface and extensive feature set. In this report, we assessed Zoho Corporation’s competitive position in the error monitoring software market. Our analysis finds that the company has a strong product offering but faces stiff competition from rivals. Zoho also faces significant execution challenges, which could hinder its ability to grow market share. We believe that Zoho’s strengths include its comprehensive product lineup and its focus on customer collaboration. However, these strengths may not be enough to offset the weaknesses we identify.

JetBrains, a leading player in the global error monitoring software market, is known for its powerful development tools, and its error monitoring software is no exception. It offers comprehensive tracking capabilities across multiple languages and platforms, making it ideal for businesses that need to track errors in both desktop and web applications. Crashlytics also offers powerful error monitoring features, but its unique selling point is its ability to automatically diagnose and resolve problems quickly.

Top Players in the Global Error Monitoring Software Market

  • Airbrake
  • Bugsnag
  • Crashlytics (Google LLC)
  • Honeybadger Industries LLC
  • Inflectra Corporation
  • Jetbrains
  • Raygun Limited
  • Rollbar Inc.
  • Sentry
  • TrackJS LLC
  • Zoho Corporation
  • Other Prominent Players

Directly Purchase a copy of report with TOC @ https://www.astuteanalytica.com/inquire-before-purchase/error-monitoring-software-market

About Astute Analytica

Astute Analytica is a global analytics and advisory company which has built a solid reputation in a short period, thanks to the tangible outcomes we have delivered to our clients. We pride ourselves in generating unparalleled, in depth and uncannily accurate estimates and projections for our very demanding clients spread across different verticals. We have a long list of satisfied and repeat clients from a wide spectrum including technology, healthcare, chemicals, semiconductors, FMCG, and many more. These happy customers come to us from all across the Globe. They are able to make well calibrated decisions and leverage highly lucrative opportunities while surmounting the fierce challenges all because we analyze for them the complex business environment, segment wise existing and emerging possibilities, technology formations, growth estimates, and even the strategic choices available. In short, a complete package. All this is possible because we have a highly qualified, competent, and experienced team of professionals comprising of business analysts, economists, consultants, and technology experts. In our list of priorities, you-our patron-come at the top. You can be sure of best cost-effective, value-added package from us, should you decide to engage with us.

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Artificial Intelligence

$10 million Artificial Intelligence Mathematical Olympiad Prize appoints further advisory committee members

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D. Sculley, Kevin Buzzard, Leo de Moura, Lester Mackey and Peter J. Liu appointed to the advisory committee for the Artificial Intelligence Mathematical Olympiad Prize.
LONDON, April 26, 2024 /PRNewswire/ — XTX Markets’ newly created Artificial Intelligence Mathematical Olympiad Prize (‘AIMO Prize’) is a $10mn challenge fund designed to spur the creation of a publicly shared AI model capable of winning a gold medal in the International Mathematical Olympiad (IMO).

XTX Markets is delighted to announce the appointment of five further advisory committee members. This group brings great expertise in machine learning, including D. Sculley, the CEO of Kaggle; Lester Mackey, a Principal Researcher at Microsoft Research and a Macarthur Fellow; and Peter J. Liu, a research scientist at Google DeepMind.
Prolific mathematicians Kevin Buzzard, who achieved a perfect score in the International Mathematical Olympiad, and Leo De Moura who is the Chief Architect for Lean, the automated reasoning tool, also join the advisory group.
They join the existing advisory committee members Terence Tao and Timothy Gowers, both winners of the Fields Medal, as well as Dan Roberts, Geoff Smith and Po-Shen Loh.
The AIMO Advisory Committee will support the development of the AIMO Prize, including advising on appropriate protocols and technical aspects, and designing the various competitions and prizes.
Simon Coyle, Head of Philanthropy at XTX Markets, commented:
“We are thrilled to complete the AIMO Advisory Committee with the appointments of D., Kevin, Leo, Lester and Peter. Together, they have enormous experience in machine learning and automated reasoning and are already bringing expertise and wisdom to the AIMO Prize. We look forward to announcing the winners of the AIMO’s first Progress Prize soon, and then publicly sharing the AI models to support the open and collaborative development of AI.”
Further information on the AIMO Prize
There will be a grand prize of $5mn for the first publicly shared AI model to enter an AIMO approved competition and perform at a standard equivalent to a gold medal in the IMO. There will also be a series of progress prizes, totalling up to $5mn, for publicly shared AI models that achieve key milestones towards the grand prize.
The first AIMO approved competition opened to participants in April 2024 on the Kaggle competition platform. The first progress prize focuses on problems pitched at junior and high-school level maths competitions. There is a total prize pot of $1.048m for the first progress prize, of which at least $254k will be awarded in July 2024, There will be a presentation of progress held in Bath, England in July 2024, as part of the 65th IMO.
For more information on the AIMO Prize visit: https://aimoprize.com/ or the competition page on Kaggle: https://www.kaggle.com/competitions/ai-mathematical-olympiad-prize/
Advisory Committee member profiles:
D. Sculley
D. is the CEO at Kaggle. Prior to joining Kaggle, he was a director at Google Brain, leading research teams working on robust, responsible, reliable and efficient ML and AI. In his career in ML, he has worked on nearly every aspect of machine learning, and has led both product and research teams including those on some of the most challenging business problems. Some of his well-known work involves ML technical debt, ML education, ML robustness, production-critical ML, and ML for scientific applications such as protein design.
Kevin Buzzard
Kevin a professor of pure mathematics at Imperial College London, specialising in algebraic number theory. As well as his research and teaching, he has a wide range of interests, including being Deputy Head of Pure Mathematics, Co-Director of a CDT and the department’s outreach champion. He is currently focusing on formal proof verification, including being an active participant in the Lean community. From October 2024, he will be leading a project to formalise a 21st century proof of Fermat’s Last Theorem. Before joining Imperial, some 20 years ago, he was a Junior Research Fellow at the University of Cambridge, where he had previously been named ‘Senior Wrangler’ (the highest scoring undergraduate mathematician). He was also a participant in the International Mathematical Olympiad, winning gold with a perfect score in 1987. He has been a visitor at the IAS in Princeton, a visiting lecturer at Harvard, has won several prizes both for research and teaching, and has given lectures all over the world.
Leo de Moura
Leo is a Senior Principal Applied Scientist in the Automated Reasoning Group at AWS. In his spare time, he dedicates himself to serving as the Chief Architect of the Lean FRO, a non-profit organization that he proudly co-founded alongside Sebastian Ullrich. He is also honoured to hold a position on the Board of Directors at the Lean FRO, where he actively contributes to its growth and development. Before joining AWS in 2023, he was a Senior Principal Researcher in the RiSE group at Microsoft Research, where he worked for 17 years starting in 2006. Prior to that, he worked as a Computer Scientist at SRI International. His research areas are automated reasoning, theorem proving, decision procedures, SAT and SMT. He is the main architect of several automated reasoning tools: Lean, Z3, Yices 1.0 and SAL. Leo’s work in automated reasoning has been acknowledged with a series of prestigious awards, including the CAV, Haifa, and Herbrand awards, as well as the Programming Languages Software Award by the ACM. Leo’s work has also been reported in the New York Times and many popular science magazines such as Wired, Quanta, and Nature News.
Lester Mackey
Lester Mackey is a Principal Researcher at Microsoft Research, where he develops machine learning methods, models, and theory for large-scale learning tasks driven by applications from climate forecasting, healthcare, and the social good. Lester moved to Microsoft from Stanford University, where he was an assistant professor of Statistics and, by courtesy, of Computer Science. He earned his PhD in Computer Science and MA in Statistics from UC Berkeley and his BSE in Computer Science from Princeton University. He co-organized the second place team in the Netflix Prize competition for collaborative filtering; won the Prize4Life ALS disease progression prediction challenge; won prizes for temperature and precipitation forecasting in the yearlong real-time Subseasonal Climate Forecast Rodeo; and received best paper, outstanding paper, and best student paper awards from the ACM Conference on Programming Language Design and Implementation, the Conference on Neural Information Processing Systems, and the International Conference on Machine Learning. He is a 2023 MacArthur Fellow, a Fellow of the Institute of Mathematical Statistics, an elected member of the COPSS Leadership Academy, and the recipient of the 2023 Ethel Newbold Prize.
Peter J. Liu
Peter J. Liu is a Research Scientist at Google DeepMind in the San Francisco Bay area, doing machine learning research with a specialisation in language models since 2015 starting in the Google Brain team. He has published and served as area chair in top machine learning and NLP conferences such as ICLR, ICML, NEURIPS, ACL and EMNLP. He also has extensive production experience, including launching the first deep learning model for Gmail Anti-Spam, and using neural network models to detect financial fraud for top banks. He has degrees in Mathematics and Computer Science from the University of Toronto.
About XTX Markets:
XTX Markets is a leading financial technology firm which partners with counterparties, exchanges and e-trading venues globally to provide liquidity in the Equity, FX, Fixed Income and Commodity markets. XTX has over 200 employees based in London, Paris, New York, Mumbai, Yerevan and Singapore. XTX is consistently a top 5 liquidity provider globally in FX (Euromoney 2018-present) and is also the largest European equities (systematic internaliser) liquidity provider (Rosenblatt FY: 2020-2023).
The company’s corporate philanthropy focuses on STEM education and maximum impact giving (alongside an employee matching programme). Since 2017, XTX has donated over £100mn to charities and good causes, establishing it as a major donor in the UK and globally.
In a changing world XTX Markets is at the forefront of making financial markets fairer and more efficient for all.
 

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Artificial Intelligence

Hikvision redefines urban mobility with AIoT-powered solutions at Intertraffic 2024

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HANGZHOU, China, April 26, 2024 /PRNewswire/ — Hikvision made a significant appearance at Intertraffic Amsterdam, the leading global trade fair for mobility and traffic technology. At the trade event, Hikvision unveiled a suite of traffic, transport, and parking management solutions and products powered by Artificial Intelligence of Things (AIoT) technology, which promised to improve urban mobility, road safety, and operational efficacy.

Elevating urban traffic intelligence with AIoT
One highlight of the Hikvision stand was its intelligent urban traffic solution, which leveraged the power of AIoT to deliver comprehensive real-time monitoring, incident detection, and traffic control. This solution intelligently reshapes traffic dynamics, offering a more responsive and data-driven approach to enhance situational awareness and traffic management. Key innovations in the solution included:
Hikvision’s radar-video fusion camerasThese combine the range perception of radar with the visual perception of video. The 4 MP Radar and Video Vehicle Detector, for example, helps to enhance road safety by providing early warning of potential hazards in challenging situations such as blind spots at intersections and obstacles outside the visual range.Hikvision’s All-In-One Traffic SpotterThis stands out with its multifaceted design incorporating video, radar, and lighting technologies for heightened traffic violation detection. Its streamlined column design facilitates effortless installation.Hikvision’s Radar-Linked PTZ Camera This ensures consistent performance in adverse weather and lightening conditions, and minimizes false alarms with advanced deep-learning algorithms.Innovating parking management
Hikvision also introduced its parking management solutions. These combine extremely precise license plate recognition and intelligent barrier controls incorporating highly accurate radar sensors. This comprehensive approach enhances security, reduces the need for manual intervention, and streamlines traffic flow across parking areas. The Global Shutter CMOS* (GMOS) ANPR camera was a new addition to the lineup. Designed to seamlessly blend in the environment, it is tailored for the task of discreetly capturing license plates at parking facilities that prioritize subtlety.
Advancing public transportation safety and efficiency
Attendees also had the opportunity to explore Hikvision’s latest public transport solutions, integrating AI-driven analytics with advanced video security, on-site voice broadcasting, and centralized management for enhanced onboard security, improved passenger experience, and operational efficiency for buses and taxis. This included the Four-way monitoring system and the Panoramic Auxiliary System, both designed to reduce blind spots and provide high-definition imaging to improve driving safety.
“As ever, we are continually expanding our suite of technologies to enhance traffic safety and efficiency,” said Nick Wu, Project Product Director at Hikvision Europe. “Our commitment lies in minimizing the need for extensive roadside installations by incorporating comprehensive perception and robust AI within unified device frameworks. These innovations automate and streamline every aspect of traffic management, from violation detection to traffic flow monitoring, driving safety, and parking management.”
To find out more about Hikvision’s urban mobility products and solutions, please explore its official website.
Note: CMOS stands for Complementary Metal-Oxide-Semiconductor.
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Artificial Intelligence

London Blockchain Conference Launches the No Future Campaign

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LONDON, April 26, 2024 /PRNewswire/ — The London Blockchain Conference is excited to announce the launch of its ground-breaking, ‘No Future Campaign’. This initiative aims to create a strong narrative surrounding blockchain technology by challenging perceptions and sparking conversations. By creating this platform, the campaign aims to instil a fear of missing out (FOMO) sensation among the audience, positioning the London Blockchain Conference as a gateway to securing a stake in the future and unlocking the potential of blockchain technology.

With a bold and evocative narrative theme, the campaign will initially confront the audience with a jarring reality check of “NO FUTURE” and then resolve the statement “WITHOUT BLOCKCHAIN” to spark curiosity and engagement with the optimistic revelation that blockchain holds the key to a prosperous future.
The ‘No Future Campaign’ started on 17 April 2024 with the London Blockchain Conference creating and executing content on/with media platforms and partnerships:
Wharf Life inserts (17/04/2024) – Print and a digital advert/editorial-sponsored pieces.Animations being released on paid and organic channels in a 3-week campaign.Alex Stein, Conference Director said, “The No Future Campaign is a call for individuals, enterprises, and governments to recognise the importance and role of blockchain in shaping the future. Through the London Blockchain Conference, we aim to educate and inspire attendees to understand and harness the potential of blockchain technology.”
The three-day London Blockchain Conference at the ExCel will bring together politicians, business leaders, and innovators. The conference will be running from 21 – 23 May 2024 and will focus on disruptive and real-world applications of blockchain technology and the impact it is having on politics, emerging technologies, and enterprises.
For more information about the ‘No Future campaign’, visit the London Blockchain Conference website.
About the London Blockchain Conference
NETWORK. LEARN. ENGAGE. 
 At the London Blockchain Conference, we show how Blockchain will change the world and help people see another way to manage data, build scalable on-chain solutions and achieve great things. We do this by creating valuable, insightful, and engaging events that educate and inform, allowing you to connect and network to build strong business relationships. Our conference is the best avenue to see blockchain innovations, ecosystem announcements, product launches, technology updates, keynote speeches, panels, and fireside chats from blockchain leaders. Join us and experience it for yourself. 
 
 

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