CIMdata Blog

Accenture announced its membership in the Corporate Affiliate Program of the Stanford Institute for Human-Centered Artificial Intelligence (HAI), an organization dedicated to guiding and building the future of artificial intelligence (AI). “Serving as an inaugural member of the Stanford HAI Corporate Affiliate Program amplifies our commitment to human-centric responsible AI that aligns with our value system and helps to achieve business and societal outcomes,” said Lan Guan, global lead of Cloud First Data & AI at Accenture. “Our collaboration with Stanford HAI is key because it enables Accenture to stay abreast on the latest AI research. Specifically, we can continue to move beyond defining AI principles and to put those principles into practice.” In the first year of the program, Accenture will support a number of faculty research programs around AI safety and AI trust. In addition, Accenture will engage with graduate students who will conduct responsible AI-focused research in January 2023

This survey seeks input from PLM professionals regarding their data governance journey. ANN ARBOR, Michigan, USA 16 December 2022—CIMdata, Inc., the leading global PLM strategic management consulting and research firm, announces the launch of a new survey on the data governance experiences of PLM Professionals. Many companies are currently undergoing digital transformation programs, and CIMdata believes that product companies undergoing digital transformation need to have a solid PLM strategy and implementation. The core of that is data governance. CIMdata defines data governance as “the organization and implementation of policies, procedures, structures, roles, and responsibilities that outline and enforce rules of engagement, decision rights, and accountability for the effective management of information assets.” The survey seeks input from PLM practitioners with an understanding of their company’s data governance policies, practices, and plans. We want to understand the following: Where a company is on its data governance journey. Whether or not an organization gets and understands data governance. If data

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 Models (TRIM), and, more recently, the United Kingdom’s CP6/22 consultation paper. IDC’s Establishing a Comprehensive model Risk Management Application in Banking report found that larger banks are increasing the number of models in use by more than 20% per year, with the number of models in use at the average

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 IFS Cloud, extending Polygon’s partnership with IFS, including migration. Christian Wächter, Chief Operating Officer, Polygon, said: “We were looking for a solution that can provide us with the right information in real-time to rapidly acquire and integrate new businesses and scale our operation into new countries. But we also need a

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 are widely used in many applications, including the scientific measurement, medical and automotive markets. “Power integrity analysis is a critical technology for us, because our optical IC products need to achieve extremely high performance and reliability in order to meet stringent functionality requirements,” said Masaaki Matsubara, manager for the second design

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 a robust platform from which to support its potential, scale and business expansion is crucial, as is the ability to handle the varying currency, taxation and legislative demands of a wider geographic reach. The leading energy company, which is London based but recently opened an office in Abu Dhabi to help

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, along with its fully-owned affiliates CAPCO and Designit, across Consulting, Digital Transformation, Customer Experience/User Experience (CX/UX), Data & Analytics, Cloud Migration/Adoption, Infrastructure, and Operations. Mohamad Hamza, Regional Head of Banking, Financial Services, & Insurance (BFSI) – Middle East, Wipro Limited, said, “Corporate banks are key players in the sector and are

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 fabric of computation is changing and Quantum Computing is the harbinger for that change. It promises to address the challenges that cannot be solved using current computation techniques and empowers us to re-imagine customer experience & move towards a sustainable future at a time when energy requirements have become unsustainable.

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 of ManuFuture, said, “We are excited to announce our partnership and integration with OpenBOM. As we see the benefits our customers get by using our platform, we are sure that OpenBOM customers will gain more capabilities managing their custom part production with us.” He added that the integration will provide

 PDF 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 the services that many now we take for granted. Many categories of enterprise software are now led by cloud-native solution providers, such as Salesforce’s customer relationship management. Based on the results of recent CIMdata research, for many companies, the question has shifted from “why cloud?” to “why not cloud?” We are seeing that same trend in our