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Avalara Named as a Leader in IDC MarketScape: European Compliant e-Invoicing Solutions

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DURHAM, N.C., Sept. 23, 2024 /PRNewswire/ — Avalara, Inc., a leading provider of tax compliance automation software for businesses of all sizes, today announced that after a thorough evaluation of Avalara’s strategies and capabilities, the company has been positioned in the Leaders Category in the IDC MarketScape: European Compliant e-Invoicing Solutions 2024 Vendor Assessment (doc #EUR151806424, September 2024).

“Avalara has an unwavering commitment to help organizations with their e-invoicing compliance needs today and into the future,” said Jayme Fishman, Chief Strategy and Product Officer at Avalara. “As the e-invoicing market grows, we’re continuously innovating and investing in solutions that scale with businesses every step of the way, meeting their regulatory needs with different modes of e-invoicing, from simple e-invoice transmission via an open network such as Peppol, to complex workflows and models, including pre-clearance and real-time reporting to tax authorities.”
Avalara E-Invoicing and Live Reporting (ELR) enables businesses to leverage a single API to exchange e-invoices and report data in real-time across various platforms and exchange networks and comply with country-specific mandates. Avalara ELR integrates into ERP and accounting software, ecommerce platforms, and other business systems via a single open API. This allows businesses to stay in compliance while exchanging invoices electronically on a regional or global basis.
“The complexity and volatility of e-invoicing regulations worldwide demand a single, comprehensive solution that can handle compliance across multiple countries,” said Edyta Kosowska, Program Manager at IDC. “By adopting a solution that has wide coverage and integrates seamlessly with finance and ERP systems, businesses can not only stay compliant but also unlock opportunities to automate processes and improve efficiency. Avalara ELR offers a way for organizations to reduce the burden of e-invoicing compliance while streamlining their operations through one unified platform.”
This recognition comes after Avalara was named a Leader in three previous IDC MarketScape reports:
IDC MarketScape: Worldwide SaaS and Cloud-Enabled Sales and Use Tax Automation Software for Small and Midsize Businesses 2021 Vendor Assessment (doc #US47987521, October 2021).IDC MarketScape: Worldwide SaaS and Cloud-Enabled Sales and Use Tax Automation Software for Enterprise 2021 Vendor Assessment (doc #US47987421, October 2021).IDC MarketScape: Worldwide SaaS and Cloud Value-Added Tax Software 2021 Vendor Assessment (doc #US47987321, October 2021).About AvalaraAvalara makes tax compliance faster, easier, more accurate, reliable, and valuable for 41,000+ business and government customers in over 75 countries. Tax compliance automation software solutions from Avalara leverage 1,200+ signed partner integrations across leading ecommerce, ERP, and other billing systems to power tax calculations, document management, tax return filing, and tax content access. Visit avalara.com to improve your compliance journey.
About IDC MarketScapeIDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of technology and service suppliers in a given market. The research utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each supplier’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of technology suppliers can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective suppliers.
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Artificial Intelligence

IBM and NASA Release Open-Source AI Model on Hugging Face for Weather and Climate Applications

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New AI foundation model offers insights beyond forecasting for scientists, developers, and businesses to better understand and analyze weather and climate data
YORKTOWN HEIGHTS, N.Y., Sept. 23, 2024 /PRNewswire/ — IBM (NYSE: IBM) today announced a new AI foundation model for a variety of weather and climate use cases, available in open-source to the scientific, developer, and business communities. Developed by IBM and NASA, with contributions from Oak Ridge National Laboratory, the model offers a flexible, scalable way to address a variety of challenges related to short-term weather as well as long-term climate projection.

Because of its unique design and training regime, the weather and climate foundation model can tackle far more applications than existing weather AI models, as outlined in a paper recently published on arXiv, “Prithvi WxC: Foundation Model for Weather and Climate.” Potential applications include creating targeted forecasts based on local observations, detecting and predicting severe weather patterns, improving the spatial resolution of global climate simulations, and improving how physical processes are represented in numerical weather and climate models. In one experiment in the above identified paper, the foundation model accurately reconstructed global surface temperatures from a random sample of only five percent original data, suggesting a broader application to problems in data assimilation.
This model was pre-trained on 40 years of Earth observation data from NASA’s Modern-Era Retrospective analysis for Research and Applications, Version 2 (MERRA-2). As a foundation model, it has a unique architecture which allows it to be fine-tuned to global, regional, and local scales. This flexibility makes it suited for a range of weather studies.
The foundation model is available for download on Hugging Face, along with two fine-tuned versions of the model that tackle specific scientific and industry-relevant applications. These are:
Climate and weather data downscaling: A common meteorological practice is downscaling—inferring high-resolution outputs from low-resolution variables. Typical data inputs include temperature, precipitation, and surface winds, all of which can have varied resolutions. The model can depict both weather and climate data at up to 12x resolution, generating localized forecasts and climate projections. The fine-tuned downscaling model is available on the IBM Granite page on Hugging Face.Gravity wave parameterization: Gravity waves are ubiquitous throughout the atmosphere and can affect many atmospheric processes related to climate and weather, such as cloud formation and aircraft turbulence. Traditionally, existing numerical climate models have not sufficiently captured gravity waves, which leads to uncertainties in terms of how exactly gravity waves can affect climate processes. This weather and climate foundation model can help scientists better estimate gravity wave generation, to improve the accuracy of numerical weather and climate models and constrain uncertainty when simulating future weather and climate events. This gravity wave parameterization model is being released as part of the NASA-IBM Prithvi family of models on Hugging Face.”Advancing NASA’s Earth science for the benefit of humanity means delivering actionable science in ways that are useful to people, organizations, and communities. The rapid changes we’re witnessing on our home planet demand this strategy to meet the urgency of the moment,” said Karen St. Germain, director of the Earth Science Division of NASA’s Science Mission Directorate. “The NASA foundation model will help us produce a tool that people can use: weather, seasonal, and climate projections to help inform decisions on how to prepare, respond, and mitigate.” 
“This space has seen the emergence of large AI models that focus on a fixed dataset and single use case — primarily forecasting. We have designed our weather and climate foundation model to go beyond such limitations so that it can be tuned to a variety of inputs and uses,” said Juan Bernabe-Moreno, Director of IBM Research Europe and IBM’s Accelerated Discovery Lead for Climate and Sustainability. “For example, the model can run both on the entire earth as well as in a local context. With such flexibility on the technology side, this model is well-suited to help us understand meteorological phenomena such as hurricanes or atmospheric rivers, reason about future potential climate risks by increasing the resolution of climate models, and finally inform our understanding of imminent severe weather events.”
“As a premier research institution and computing facility, we’re focused on supporting teams to make research breakthroughs across many areas of science,” said Arjun Shankar, director of the National Center for Computational Sciences at Oak Ridge National Laboratory. “Our collaboration with IBM and NASA to support the creation of the Prithvi weather and climate foundation model was a key part of our goal to bring advanced computing and data to problems of national importance, in this case, for weather and climate applications, which need continued computational science and model skill improvements to be impactful.”
IBM has already collaborated with Environment and Climate Change Canada (ECCC) with a view to test the flexibility of the model with additional weather forecasting use cases. With the model, ECCC is exploring very short-term precipitation forecasts using a technique called precipitation nowcasting that ingests real-time radar data as input. The team is also testing the downscaling approach from global model forecasts at 15 km to km-scale resolution.
This weather and climate model is part of a larger collaboration between IBM Research and NASA to use AI technology to explore our planet, and joins the Prithvi family of AI foundation models. Last year, IBM and NASA made the Prithvi geospatial AI foundation model the largest open-source geospatial AI model available on Hugging Face. This geospatial foundation model has since been used by governments, companies, and public institutions to examine changes in disaster patterns, biodiversity, land use, and other geophysical processes. The foundation model and the gravity wave parameterization model can be accessed through the NASA-IBM Hugging Face page and the downscaling model can be accessed through the IBM Granite Hugging Face page. 
About IBMIBM is a leading provider of global hybrid cloud and AI, and consulting expertise. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Thousands of governments and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and consulting deliver open and flexible options to our clients. All of this is backed by IBM’s long-standing commitment to trust, transparency, responsibility, inclusivity and service.
Media ContactBethany Hill McCarthyIBM Research [email protected] 
Ashley PetersonIBM Research [email protected]     
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Artificial Intelligence

BITBOT1000 Revolutionizes the Digital Market Landscape with AI-Driven Solutions

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NOTTINGHAM, England, Sept. 23, 2024 /PRNewswire/ — In an era where navigating the complexities of digital assets is both exciting and challenging, BITBOT1000 emerges as a beacon of innovation and accessibility. Combining cutting-edge technology with a user-centric approach, this platform is set to transform the way users engage with the digital market.

BITBOT1000, a leading name in the financial technology sphere, is dedicated to simplifying the experience for everyone—from beginners to seasoned professionals. The platform leverages advanced artificial intelligence (AI) to provide instant market analysis, facilitate quick transactions, and offer tailored guidance to enhance efficiency.
“Our mission is to bridge the gap between cutting-edge technology and intuitive accessibility,” says a spokesperson for BITBOT1000. “We want to empower users of all levels to navigate the complexities of the financial market with confidence.”
BITBOT1000 doesn’t just stop at providing top-tier tools; it also aims to educate its users. With its comprehensive A-Z course, participants can delve into the intricacies of the market, learning everything from basic principles to advanced techniques. This expert-led program is designed to equip users with the skills needed to succeed in the dynamic financial environment.
What sets BITBOT1000 apart is its sophisticated AI technology, which enables users to make data-driven decisions with precision. The platform’s continuous, automated process ensures that users never miss out on advantageous opportunities, even in a rapidly changing market. By reducing risk and eliminating guesswork, BITBOT1000 positions users for success, regardless of their experience level.
Whether you’re looking to diversify your portfolio with various digital assets or explore the possibilities of other financial instruments, BITBOT1000 offers a seamless and intuitive experience. Its robust, multi-asset platform features one-click execution and instant access to a vast array of tools, making it a preferred choice for both individual users and professional institutions.
With BITBOT1000, users can say goodbye to uncertainty and hello to informed action. The platform’s AI-driven insights and analytics provide a clear path forward, allowing users to harness the power of technology for smarter, more strategic decisions. From real-time market analysis to personalized strategies, BITBOT1000 is redefining what it means to succeed in the digital age.
Creating an account with BITBOT1000 is straightforward and secure, with a simple three-step process: register, fund, and start your journey. Begin your path to financial success today with BITBOT1000, where AI meets opportunity.
For more information, visit BITBOT1000.com.
[email protected]+4478 8203 8113
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Happiest Minds’ MD & CFO, Venkatraman Narayanan, recognized as the Leading CFO of the Year at the CII CFO Excellence Awards 2023-24

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SAN JOSE, Calif. and LONDON and BENGALURU, India, Sept. 23, 2024 /PRNewswire/ — Happiest Minds Technologies Limited (NSE: HAPPSTMNDS), a ‘Born Digital. Born Agile’, Mindful IT Company, today announced that Venkatraman Narayanan has been recognized as the Leading CFO of the Year – IT, ITeS Sector at the CII CFO Excellence Awards 2023-24.

Venkatraman has been recognized for his exceptional contributions to the business as a leading advocate for Corporate Transparency, Governance, and Financial Leadership in the industry. His dedication to excellence and talent for inspiring those around him have earned him this accolade. Well-regarded for his hard work and consistently exceeding expectations, he has also played a pivotal role in shaping the company’s strategic vision and driven significant improvements in team performance and morale.
Considering this recognition, Venkatraman Narayanan, MD & CFO, Happiest Minds, said, “I am honored to receive this award for the second consecutive year. It reflects the dedication and effort of our incredible teams, whose commitment has been instrumental in driving our success. I am excited about what lies ahead as we continue to work towards attaining our Vision 2031.”
Over the last 13 years, Happiest Minds has been distinguished for its commitment to fostering a culture of innovation and inclusivity. Some of the recent accolades the company has received in this regard include the Top 100 India’s Best Workplaces™ for Women 2024 by Great Place To Work® India, the 50 Best Firms for Data Scientists to Work for 2024 by AIM, and Masters of Risk IT—ITES by CNBC-TV18 India.
About Happiest Minds Technologies
Happiest Minds Technologies Limited  (NSE: HAPPSTMNDS), a Mindful IT Company, enables digital transformation for enterprises and technology providers by delivering seamless customer experiences, business efficiency and actionable insights. We do this by leveraging a spectrum of disruptive technologies such as: artificial intelligence, blockchain, cloud, digital process automation, internet of things, robotics/drones, security, virtual/ augmented reality, etc. Positioned as ‘Born Digital. Born Agile’, our capabilities span Product & Digital Engineering Services (PDES), Generative AI Business Services (GBS) and Infrastructure Management & Security Services (IMSS). We deliver these services across industry groups: Banking, Financial Services & Insurance (BFSI), EdTech, Healthcare & Life Sciences, Hi-Tech and Media & Entertainment, Industrial, Manufacturing, Energy & Utilities, and Retail, CPG & Logistics. The company has been recognized for its excellence in Corporate Governance practices by Golden Peacock and ICSI. A Great Place to Work Certified™ company, Happiest Minds is headquartered in Bengaluru, India with operations in the U.S., UK, Canada, Australia, and the Middle East.
Media Contact: [email protected]
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