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New Solution Optimizes Full-Lifecycle Model Risk Management to Allow Businesses to Satisfy Regulatory Requirements and Increase Operational Efficiency

MathWorks today unveiled Modelscape, a set of multi-platform products that offer senior managers operating in highly-regulated industries an efficient workflow for creating, documenting, validating, deploying, and managing models and associated data. Businesses can use Modelscape to reduce risk by improving their organization’s Model Risk Management (MRM) lifecycle while maintaining regulatory compliance.

MRM was first outlined by the Federal Reserve and the Office of the Comptroller in the SR 11-7 Guidance on Model Risk Management, adopted in the European Central Bank’s Targeted Review of Internal...

IFS, the global cloud enterprise software company, today announced that European market leader in property damage restoration, Polygon International, has decided to upgrade its existing enterprise resource planning (ERP) solution to IFS Cloud as it looks to digitalize its operations and scale its technology platform to support its strategic growth plans.

Polygon is currently undergoing a business transformation and is focused on strengthening its market position through organic growth and targeted acquisition. To support this approach, the company needs enterprise software that will enable them to respond rapidly to market opportunities and shifting customer needs. This led to the purchase of...

Siemens Digital Industries Software announces today that Hamamatsu Photonics K.K. (Hamamatsu Photonics), a leading provider of optical semiconductor devices, has adopted Siemens' award-winning mPower™ digital software for the power integrity analysis of its next generation of optical semiconductor devices.

By pursuing further advancement of photoelectric conversion technology to discover the true nature of light, Hamamatsu Photonics delivers high-sensitivity, fast-response and high-performance optical semiconductor devices. The company provides a wide range of products such as photodiodes, photo ICs, image sensors, infrared detection devices and LED offerings – all of which support multiple wavelength ranges (e.g., infrared, visible, ultraviolet, x-ray, high-energy). The products...

Infor®, the industry cloud company, today announced that independent energy company Gulfsands has selected Infor SunSystems Cloud as its financial platform via Infor Gold Channel Partner Progressive TSL. Gulfsands, as the first customer of the multi-tenant cloud financial application, expects to benefit from increased security, reduced risk, and a smaller physical and environmental IT footprint, enabling greater resource availability and focus on its core business goals.

As part of a programme to modernise and digitalise its core systems, Gulfsands selected Infor SunSystems Cloud having been a long-standing SunSystems on-premises user. As an independent, public energy company with a growth strategy, having...

Wipro Limited, a leading technology services and consulting company, announced a partnership with Finastra, a global provider of financial software applications and marketplaces, to drive digital transformation for corporate banks in the Middle East. This multi-year engagement, aligned with the region’s vision to rapidly digitize and bolster cross-border trade, will make Wipro the exclusive implementation and go-to-market partner to deploy Finastra’s trade finance solutions in the region.

Together with Finastra’s market-leading product suite, Wipro will help banks transform and digitize the entire trade finance process, thereby enabling automation, optimization, faster time-to-market, and reduced customer response times. This partnership combines Wipro’s expertise,...

Tech Mahindra, a leading provider of digital transformation, consulting, and business re-engineering services and solutions, and IQM Quantum Computers, the European leader in quantum computers, have signed a Memorandum of Understanding (MoU) for research in quantum computing. The organizations will explore synergies in mutually beneficial areas of quantum computing, cryptography, and communication technologies.

As part of the partnership, the organizations will jointly develop new quantum computing offerings for various industries including healthcare, cyber security, and banking, among others. They will further co-develop and market quantum technology use cases in India and Finland.

Nikhil Malhotra, Global Head, Makers Lab, Tech Mahindra, said, “The...

OpenBOM™ announced a partnership with ManuFuture to provide an integrated cloud-native platform for product development, digital BOM, and mechanical supply chain.

OpenBOM, a leading SaaS digital product data management and collaboration platform, announced a partnership with ManuFuture, a B2B marketplace for mechanical custom parts manufacturing. The partnership aims to support integrated product development and the custom part bidding process.

The manufacturing process can be complex, requiring coordination between product development, procurement, and contractors. By partnering with ManuFuture, OpenBOM aims to provide an integrated environment for quick and easy ordering and bidding on custom parts that meet customers’ needs.

Ben Halperin, CEO and Co-Founder...

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Key takeaways:

  • We are living in a time of great disruption caused by the rapid evolution of technology, socio-economic issues, and geo-political events.
  • The lifespan of a successful company is limited by its ability to stay connected to its customers, and rapidly and accurately communicate the value of its products and services.
  • A new approach to managing the lifecycle of products called Product Value Management (PVM) offers a way for organizations to continuously and efficiently align their products to market needs.
  • Propel has redefined product lifecycle processes for fast-moving companies by focusing on product value and customer...

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Key takeaways:

  • Historically information technology (IT) used to support the product lifecycle was implemented on-premise managed by industrial adopters.
  • Based on CIMdata's research, industrial companies are increasingly choosing cloud-based solutions which simplify their IT landscape, reduce costs, and speed time to value.
  • The CONTACT Cloud offering leverages proven technology and cloud infrastructure to deliver a scalable, configurable product innovation platform applicable to companies in a wide range of industries.

Introduction

Over the last decade, cloud computing has come to dominate both our personal and professional lives. It brings all manner of commerce and media to our fingertips, powering...

HCL Technologies (HCLTech), a leading global technology company, announced an expanded multi-year contract with Mondelēz International, to enhance Mondelēz International’s cybersecurity and transform digital workplace services globally.

To support its hybrid workplace model, Mondelēz International deployed HCLTech’s top rated BigFix platform to automate the discovery and remediation of potential vulnerabilities, ensuring all endpoints – including servers, mobile devices and laptops, are continuously secured and compliant.

HCLTech will leverage its automation and artificial intelligence (AI) capabilities to enable Mondelēz International to provide an intuitive, on-demand personalized user experience and accelerated issue resolution to its 110,000 plus employees across 79 countries. In addition, HCLTech...

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