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IBM Brings Risk Analytics to Security Decision Making

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IBM (NYSE: IBM) Security today announced a new risk-based service designed to help organizations apply the same analytics used for traditional business decisions to cybersecurity spending priorities. IBM’s new Risk Quantification Services creates risk assessments to help clients identify, prioritize and quantify security risk as they weigh decisions such as deploying new technologies, making investments in their business and changing processes.

Chief Information Security Officers (CISOs) are often not the ones ultimately responsible for their organization’s cybersecurity spending and policy decisions1, so it’s important that they’re equipped with quantitative data to translate cybersecurity challenges into business imperatives for CXOs. The new IBM service provides CISOs with financial data to help them communicate to the C-suite and Board the potential business impact of security vulnerabilities and liabilities on their business, in order to make more informed business decisions regarding cybersecurity.

Identify, Prioritize, Quantify Security Risks

IBM’s Risk Quantification Services can quantify risk by calculating the probability of a security event occurring, and the probable loss projection based on expected data loss, operational disruptions and business context. Organizations can also benefit from IBM’s risk mitigation recommendations that are based on an analysis of value and impact by comparing their costs and expected risk reduction.

According to a NACD survey, nearly 70% of corporate directors surveyed report that their boards need to strengthen their understanding of the risks and opportunities affecting company performance. IBM Security’s Risk Quantification Services aligns security teams and business leaders with:

  • Executive Buy-In – Using a common language to articulate security risks to CXOs, security executives can align business leaders, C-Suite and the Board on the actions necessary to help mitigate security threats to their organization.
  • Informed Decision-Making – Security leaders are able to translate risk into dollar amounts to deliver a cost benefit analysis that provides non-security leadership with the possible cost impact of risk, while translating security investments or remediation strategies into a business case and ROI.
  • Strategic View of Risk Management – By bringing quantified security analytics to the C-Suite, CXOs are able understand security risks in terms of the probability of a security incident occurring, potential reputational damage, regulatory liability and business disruption.

“Security leaders have often struggled to communicate the value of a security investment to business leaders,” said Julian Meyrick, Vice President, IBM Security. “Our Risk Quantification Services not only enables security leaders to articulate risks and potential exposure in terms of financial loss, it empowers them to measure the actual efficacy of existing security protocols, based on our analysis of their business environment, assets, security architecture and the potential threats to their organization.”

IBM Security will be applying the FAIR methodology, an open international standard for cyber risk modeling, and is collaborating with RiskLens and its proven quantitative cyber risk management platform to assess in financial terms the potential impact of security risks. IBM Security is establishing the necessary business context for its risk calculation models using the breadth and depth of its security portfolio and consulting services, including its expertise and insights gleaned from responding to security incidents around the globe and unparalleled visibility from IBM X-Force Threat Intelligence as well as IBM’s mature understanding of client landscapes.

Applying its deep awareness of client business processes, IBM is developing use cases into risk calculation models to define a business’s assets, security threats and the potential effect of a subsequent security incident. Some of the use cases include:

  • Mapping a Secure Journey to Cloud – Companies have gradually been moving to the cloud for years, with a recent report by Flexera revealing that 59% of businesses surveyed plan on increasing their spending on cloud services amid the pandemic. A risk quantification assessment could help organizations distinguish which workloads to move to the cloud and how, while also recommending proper security controls to put in place based on a cost-benefit impact analysis.
  • Calculating Exposure in Mergers & Acquisitions – As global M&A volumes are projected to amount to $2.1 trillion in 2020, it’s important that organizations venturing into M&A transactions incorporate cyber risk assessment into their due diligence process to verify the valuation of a deal. A recent IBM Institute for Business Value study found that of surveyed businesses that had recently executed a major M&A transaction, 57% performed a cybersecurity assessment only after due diligence was complete. In fact, one in three responding companies experienced a breach that can be directly attributed to M&A activity during integration. Quantifying this potential exposure not only helps organizations proactively mitigate security risks before they turn into active threats, it enables them to assess the issues that might impact the target company’s value.
  • Enabling a Zero Trust  Remote Work Model – A recent study conducted by Morning Consult and sponsored by IBM found that 61% of surveyed employees new to working from home that are using their personal computers stated they haven’t been provided with tools to properly secure the devices. Now protecting wider, more diverse environments, organizations should proactively operate under the assumption of potential compromise, taking a zero trust approach to security. By defining what poses risk to their business and quantifying the impact, from third-party tools or applications to access controls, organizations are able to understand which risks they need to prioritize mitigating. In other words, assessing security risks, contextualizing them and calculating their business impact can help enable organizations to enforce their zero trust model and strengthen their cybersecurity resiliency as work models adapt to an evolving business landscape.

IBM’s Institute for Business Value (IBV) also released a report on Assessing Cyber Risk in M&A. To download the report, visit: http://ibm.co/cyber-risk-mergers-acquisitions

Artificial Intelligence

XtalPi Unveils XtalGazer: A Comprehensive AI-Driven Polymorph Selection Platform

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CAMBRIDGE, Mass., March 28, 2024 /PRNewswire/ — XtalPi Inc., a leading global technology company in integrating artificial intelligence (AI) and robotics to advance the discovery of groundbreaking medicine and innovative materials, announced today the launch of its proprietary comprehensive solid form discovery and selection platform, XtalGazer. This advanced platform aims to significantly improve the polymorph selection process for the pharmaceutical industry by integrating AI- and automation-powered experimental and computational approaches.

XtalGazer provides a total solution for delivering high-quality polymorph screening and selection methods to expedite drug development and mitigate risks. It represents a paradigm shift in solid-state research, moving from the traditional trial-and-error approach to a data-driven, design-led methodology. The platform provides an expansive suite of foundational tools to accelerate polymorph discovery, characterization, and selection process, empowering pharmaceutical companies to conduct thorough research with less active pharmaceutical ingredient (API) in shorter development cycles.
A key component of XtalGazer is XtalCSP, a crystal structure prediction platform to perform global searches of crystal structures for target molecules and the other optional components in the corresponding searching space, offering a deep insight into possible stable forms. Furthermore, crystallization strategy recommendations will provide AI-backed experimental design to help avoid human bias. XtalGazer also utilizes MicroED to rapidly elucidate crystal structures from powder samples, reducing the need for growing single crystals.
XtalPi’s launch of XtalGazer marks another significant step in the company’s ongoing exploration of solid-state research. From crystal structure prediction platforms being one of the first products to launch at XtalPi, to today’s comprehensive polymorph selection platform, XtalPi will keep fulfilling its promise to solving challenging problems in this space. XtalPi will continue to deliver faster, more accurate, and more comprehensive approaches to building an ecosystem for the R&D process in solid-state, pre-formulation and crystallization.
For more information about XtalPi, please visit www.xtalpi.com.
About XtalPi:
XtalPi is an innovative technology company powered by artificial intelligence (AI) and robotics. Founded in 2015 on the MIT campus, XtalPi is dedicated to driving intelligent and digital transformation in the life science and new materials industries. With tightly interwoven quantum physics, AI, cloud computing, and large-scale clusters of robotic workstations, XtalPi offers a range of technology solutions, services, and products to accelerate and empower innovation for biopharmaceutical and new materials companies worldwide.
Media Contact: Vivienne [email protected]
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ICIS and Base Oil News Announce Partnership to Enhance Market Insights

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LONDON, March 28, 2024 /PRNewswire/ — ICIS, a global source of commodity intelligence, is pleased to announce a strategic partnership with Base Oil News, a premier news outlet founded by industry expert Iain Pocock that provides in-depth coverage of the base oils and lubricants market. This collaboration marks a significant milestone in the dissemination and exchange of critical market data and insights.

With more than two decades of journalism experience at Bloomberg, Reuters, and Argus Media, Iain Pocock brings unparalleled expertise to this partnership. His deep understanding of illiquid energy markets makes him a credible and influential figure in the industry. Since November 2023, Iain has been working closely with ICIS to share and exchange valuable data and insights, enhancing the services both platforms offer to the base oils and lubricants market.
Through the collaboration, Iain integrates ICIS’ extensive content and data resources in Base Oil News market coverage. In return, he contributes market insights to ICIS News, including expert and exclusive analysis of supply and demand dynamics, price margins, and other critical market drivers. This exchange ensures that subscribers of both ICIS and Base Oil News have access to the most comprehensive, timely, and accurate market information, empowering them to make informed decisions.
“It’s a very exciting partnership – where we leverage each other’s strengths and provide actionable insights to our customers,” said Iain Pocock, Founder of Base Oil News. “The market is the winner.”
“As ICIS is already the world’s most trusted pricing benchmark for base oils, this collaboration with Iain Pocock and Base Oil News provides an even stronger and deeper service to our customers,” said Stephen Burns, Editorial Director at ICIS. “Iain’s expertise and extensive industry connections are invaluable, and we have established a fruitful partnership that benefits the market at large.”
For the latest insights from Iain Pocock on ICIS News, visit ICIS News.  
About ICIS
ICIS – Independent Commodity Intelligence Services – helps businesses through seamlessly delivering data and analytics, across the chemical, fertilizer and energy markets. A trusted source and benchmark for price information and insight across key commodities markets worldwide. Our independent, transparent market intelligence informs thousands of quality decisions every day, taking the pressure out of negotiations and giving customers space for more innovative thinking, through published datasets including price assessments, price forecasts, supply and demand fundamentals and more.
Over 150 years of shaping the world by connecting markets to optimise the world’s valuable resources. With a global team of more than 600 experts, ICIS has employees based in London, New York, Houston, Karlsruhe, Milan, Mumbai, Singapore, Guangzhou, Beijing, Shanghai, Dubai, Sao Paulo, Seoul, Tokyo and Perth.
ICIS is part of RELX, a FTSE15 company with a market cap of £64bn and an employee base of over 30,000 experts across 40 countries.
About RELX
RELX is a global provider of information and analytics for professional and business customers across industries. The Group serves customers in more than 180 countries and has offices in about 40 countries. It employs approximately 30,000 people of whom almost half are in North America. RELX PLC is a London listed holding company which owns 52.9% of RELX Group. RELX NV is an Amsterdam listed holding company which owns 47.1% of RELX Group. The shares are traded on the London, Amsterdam and New York Stock Exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RELX and RENX. Total market capitalisation is approximately £64bn | €75bn | $81bn.
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Trianz Welcomes Israel Abraham as Vice President of Services for Extrica.ai – The Data to AI Platform

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SANTA CLARA, Calif., March 28, 2024 /PRNewswire/ — Digital transformation technology & services company Trianz is pleased to announce the appointment of Israel Abraham as Vice President of Extrica Platform Services.

Trianz has embarked on a transformative journey, redefining its value proposition with an ‘IP Led’ model, with a commitment to deliver the fastest time to value, lowest human dependence, and highest ROI. Central to this approach are our hyper-automated platforms, Concierto.Cloud, Extrica.AI, and Pulse, driving industry-leading transformations in cloud, data and analytics, AI, and the digital workplace.
Israel Abraham is a very well-known pioneer and industry leader in AI, data management, and analytics systems, with over three decades of experience. He joins as the services leader for Extrica- the Trianz Data to AI platform, which productizes data, provides data a face and purpose, and accelerates time to insights and AI by 50% or more. In the role of Extrica Services leader, Israel will lead the shaping, visioning, and delivery of Extrica.ai based enterprise wide datamesh, BI, and AI solutions for customers worldwide.
“We are thrilled to welcome Israel Abraham to the Trianz family,” said Sri Manchala, CEO of Trianz and author of Crossing the Digital Faultline. “He is a leader in modernization as well as conceptualization of data platforms anew. Israel’s prior background in the industry with financial services and insurance giants underscores our commitment to securing top-tier talent that brings real-world experiences and needs to our technology platforms. As we continue to broaden our footprint in the digital transformation space, Israel’s visionary leadership and practical experience will serve as the cornerstone in accelerating insights and AI to deliver transformative value to our clients.”
Having played pivotal roles in highly reputed and large organizations such as Liberty Mutual Insurance, MassMutual, Safeco, and CNA Insurance, Israel has garnered recognition as a seasoned leader in big data and AI cloud implementations. His accolades include the prestigious 2014 Ventana Research IT Innovation Award, the 2009 Informatica MDM Innovation Award, and three filed Data Engineering patents in the last four years.
“Trianz has been at the forefront of digital innovation, and Extrica.ai is a paradigm shifting data to AI platform that completely changes how analytics and AI are delivered- much faster, taking business ahead of change. I am excited to scale the adoption of the Extrica platform, which has attracted attention from giants across the industry and hyperscalers,” said Israel Abraham. “I look forward to engaging with customers, bringing my own experiences, and collaborating with the talented team at Trianz to further enhance the capabilities of the Extrica Platform Services to transform data & AI strategies, execution, and outcomes for customers.”
About Trianz
Trianz is a leading-edge technology platforms and services company that accelerates digital transformations at Fortune 100 and emerging companies worldwide in data & analytics, digital experiences, cloud infrastructure, and security. Our ‘IP Led Transformations’ approach, informed by insights from a recent global study spanning 20+ industries and 5000+ companies, addresses challenges posed by the rapid pace of AI-driven transformation, digital talent scarcity, and economic uncertainty. Our IP and platforms, including Concierto, Extrica, and Pulse, revolutionize cloud adoption, data analytics, and AI insights, empowering organizations to navigate the complexities of digital transformation seamlessly.
Founded in California and with an organization of over 2,000 associates across the United States and India, Trianz is a Premier Partner of AWS, consistently rated #1 by clients for value delivery over the past five years. Trianz has been ranked as one of the best Consulting Firms by Forbes and has been certified as a Great Place to Work for three years in a row. To learn more about Trianz, email [email protected] or visit www.trianz.com.
Watch Trianz CEO Sri Manchala’s insightful interview with Bloomberg on Partner | Crossing The Digital Faultline & Leading Towards Transformative Success – YouTube and delve deeper into his book Crossing the Digital Faultline at Crossing the Digital Faultline | Trianz.
Trianz Media [email protected] +1-408-387-5800
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View original content:https://www.prnewswire.co.uk/news-releases/trianz-welcomes-israel-abraham-as-vice-president-of-services-for-extricaai–the-data-to-ai-platform-302102589.html

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