Altair (Nasdaq: ALTR), a global leader in computational intelligence, is thrilled to welcome Aitek as a new channel partner. Within the partnership, Aitek will offer Altair’s leading data analytics and artificial intelligence (AI) solutions to its customers throughout the North, West, and Central African Regions.

“We are delighted to announce this strategic partnership to expand further into a dynamic, fast-growing region that has the capacity to rapidly adopt technological solutions,” said Stefano Deiana, vice president of Altair France, Italy, Spain, and Africa, Altair. “Aitek owes its success to its strong local presence in several countries, in addition to its strong integration in technology and business environments.”

Established in North, Central, and West Africa, Aitek’s main mission is to be the key partner between Altair and its key accounts on the African continent. This partnership confirms Altair and Aitek’s commitment to providing advanced, trusted technological solutions to companies and organizations throughout Africa.

“Africa’s digital revolution is underway, driven by converging technologies such as AI, IoT, and Big Data. These technologies are catalysts for innovation and economic growth, offering Africa a unique opportunity to bridge the gap with other continents. This is the moment to embrace the change and leapfrog,” said Redda Ben Geloune, president and founder, Aitek. “By partnering with Altair, we aim to create a success story not only for our businesses but also for Africa’s economic development. Together, we can accelerate the adoption of AI-based solutions, enhance business productivity, and transform various sectors for sustainable growth. This could shift the current paradigm and propel Africa, the richest continent in resources, into a powerful economy.”

Altair works with a global network of channel and technology partners. To learn more or to become a partner, visit https://altair.com/altair-partners.

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Parallel Bio, a biotech company using the immune system to cure disease, today announced that Ari Gesher has joined as the first head of technology. He will oversee technical infrastructure and the development of advanced AI and robotics infrastructure to rapidly scale its immune organoid platform for drug discovery.

Gesher joins from Insight M (formerly known as Kairos Aerospace), most recently as chief technology officer, where he spent more than seven years developing and growing its wide-area aerial methane detection technology used to manage industrial emissions of the greenhouse gas. Before that, he spent 10 years at Palantir in various engineering and outreach roles, joining in 2006 as one of the first software engineers at the big data software company.

“Ari knows how to solve the tough problems of industrializing and scaling technologies in completely new fields and turning them into world-class platforms,” said Robert DiFazio, co-founder and CEO of Parallel Bio. “His proven leadership and technical prowess will serve us well as we pioneer a completely new way of discovering drugs proven to work in humans from the start.”

Gesher will work with DiFazio and Juliana Hilliard, co-founder and chief scientific officer, on advancing its immune system platform with a focus on software development and the application of AI and robotics to automate lab processes and organoid creation, analyze and report on studies and experiments, and build predictive disease models from biological data.

Parallel Bio’s first platform for scalable and repeatable biology uses arrays of lymph-node organoids to replicate the immune systems of diverse human populations. Organoids are 3D, self-assembling models of human biology, or so-called “mini organs.” They mimic the structure and function of parts of the human body and their response to disease or treatment as if the organoids were individual patients.

“This is a rare opportunity to combine my passion for developing deep technology with cutting-edge applications of human biology to treat human disease better, cheaper, and faster than ever before,” Gesher said. “Working on the frontiers of industrial automation and computational biology, the founding team is well positioned to upend the industry’s reliance on animal models and flip the 95% drug failure rate on its head.”

Parallel Bio recently released its first commercial application called Clinical Trial in a Dish, which studies the efficacy and safety of new immunotherapies using human models at the earliest stages of drug discovery. Five pharmaceutical companies, including a Fortune 500 firm, have begun testing 20 drug candidates with the alternative to animal tests.

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Teragonia, a leading provider of analytics engineering and artificial intelligence (AI) solutions exclusively designed for private equity (PE) portfolio value creation, announces it has joined the Google Cloud Partner Advantage program at the partner level for the Service Engagement Model. The partnership enhances Teragonia’s PE clients’ ability to rapidly scale and drive margin expansion for their portfolio companies.

Google Cloud’s generative AI and AI-optimized capabilities enable Teragonia’s Decision Intelligence System to expedite and enhance private equity portfolio companies’ value creation journey through best-in-class data analytics, app and infrastructure modernization, workplace collaboration, and security. The combined power of Google Cloud’s agility with Teragonia’s analytics engineering and AI solutions provides key features such as:

• Secure and scalable cloud storage to ingest voluminous, disparate data for bolt-on acquisitions
• Robust cloud infrastructure for cutting edge AI solutions to enable revenue growth and performance improvement

“The Google Cloud Partner Advantage program lays the critical infrastructure foundation to expand our technical capabilities and rapidly scale with our clients’ businesses, best preparing them for the AI-era,” said Thomas Thayyil Thomas, chief executive officer and co-founder of Teragonia. “Through our partnership with Google Cloud, we equip our private equity clients and their portfolio companies with a fit-for-purpose Analytics Foundation and bespoke AI solutions, giving them a distinctive competitive advantage.”

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Elastic (NYSE: ESTC), the Search AI Company, today released its third annual sustainability report, highlighting its progress in 2023 and commitment to embedding environmental, social, and governance (ESG) principles across its business to create long-term sustainable value. Initiatives include reducing its environmental impact through workplace efficiency measures and implementing a supplier engagement strategy to collaborate with vendors on carbon reduction opportunities.

“We strive to use our expertise in search, AI and data analytics to help us and our customers drive impactful change in the world,” said Ash Kulkarni, CEO, Elastic. “When customers choose to work with Elastic, they can be confident that they’re partnering with a company that offers innovative technology solutions and does so with meticulous care and purpose. As such, we’ve increased focus on engaging more meaningfully with customers and suppliers on shared sustainability goals and aspirations.”

Report highlights include:

• Environmental: As part of ongoing data improvement, we onboarded a new corporate sustainability data management tool to improve data accuracy and analysis. The platform will help advance our carbon management plan and ensure we are ready for future reporting requirements. We are distributed by design, and our purposeful office site selections prioritize space and energy efficiency, as demonstrated by our recent office openings and relocations into buildings with globally recognized sustainability accreditations.
• Social: Elastic formally launched our “Beehive” model. This comprehensive framework provides a consistent approach to talent management, with mindsets and ideals that we encourage Elasticians to take on to achieve success. In addition, we exceeded $1 million in total charitable donations, a result of both corporate contributions and global employee giving, while collectively contributing over 6,500 employee volunteer hours.
• Governance: We relaunched Elastic’s Trust site as the new Elastic Trust Center. This centralized hub for information on security, compliance, privacy, and resiliency ensures our key stakeholders can find vital information easily. We also made significant strides in formalizing and expanding the governance of sustainability at Elastic through refined oversight structures and practices.

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CARLSBAD, California-based Integrated Specialty Coverages (“ISC”), a leading, multi-line program administrator that builds end-to-end insurance products utilizing advanced artificial intelligence (AI) engineering, data analytics, and predictive modeling, announced the hiring of Dimitri Robert as the firm’s chief technology officer. Robert will head the engineering department, developing overall tech strategies that align with ISC’s growth and financial goals, focusing on product development and delivery, and improving the broker experience through technology.

Robert’s impressive career as CTO includes working at Experian for the last six years, where he headed the development and operation of the North American Credit Decisioning and later the ID & Fraud product lines, which included overseeing their technology roadmap, architecture, software development, production deployment and management, and platform operations. Prior to this, Robert held several positions, including CTO, during his 11-year tenure at Conduent (formerly Xerox, StrataCare). He was the Workers Comp division technology leader responsible for the SaaS platforms’ roadmap, architecture, development, delivery, and operations. His earlier career included vital technology roles at Websense (now Forcepoint), two technology startups (Burstband and CD World), and ELCA Informatique, a leading Swiss technology consulting firm.

“We are thrilled that Dimitri will join our team,” said ISC CEO and Founder Matt Grossberg. “The depth and breadth of his tech experience and expertise, including in data science, analytics, and machine learning, will play a key role in accelerating our plans to continue building tech-based, profitable insurance programs and product lines expeditiously while elevating the customer experience. His strong leadership skills will also be invaluable in helping us advance our technology strategy as we continue to reshape the MGA and wholesale landscape and build and grow our business.”

Robert shares Grossberg’s enthusiasm for joining ISC: “. I look forward to leading the technology team and contributing to the evolution of ISC’s exceptional software platform and data analytics capabilities. I aim to further develop and accelerate the implementation of the technology strategy, helping drive business growth for ISC and its partners. The company is a true standout in the industry.”

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Altair (Nasdaq: ALTR), a global leader in computational intelligence, announced that Altair One®, Altair’s cloud innovation gateway, is now available on Google Cloud Marketplace, opening up a world of possibilities for users seeking seamless access to powerful simulation, data analytics, and high-performance computing (HPC) capabilities.

Altair One is designed for collaborative engineering, data engineering, and analytical application development. Built on a robust HPC backbone, Altair One provides seamless, unified access to tools, data, and computing resources while unleashing the power of artificial intelligence (AI) across every step of the product development life cycle.

Google Cloud Marketplace customers can now leverage Bring Your Own Cloud (BYOC) functionality to run Altair simulation, AI, and data analytics applications. 

“The integration of Altair One with the Google Cloud Marketplace empowers Google Cloud users to effortlessly unlock a world of innovative solutions. This collaboration will fuel engineering breakthroughs with the power of Google Cloud’s adaptable, flexible, and scalable cloud infrastructure,” said Sam Mahalingam, chief technology officer, Altair. “This integration aligns perfectly with our core mission of equipping businesses for digital success and making powerful software solutions readily accessible to users.”

“Bringing Altair One to Google Cloud Marketplace will help customers quickly deploy, manage, and grow the platform on Google Cloud’s trusted, global infrastructure,” said Dai Vu, managing director, Marketplace and ISV GTM Programs, Google Cloud. “Altair can continue to securely scale and support customers on their digital transformation journeys.”

Altair One is the gateway that empowers organizations to mature into digital enterprises by breaking down data silos, connecting virtual models, optimizing their compute infrastructure, and digitizing key processes. It provides all the tools to create a “One Total Twin” of a product throughout its lifecycle, “One Traceable Thread” connecting all data stages, and a “Single Source of Truth” for all models and data. This all-in-one platform automates data capture, empowers better decision-making, enhances performance management, and ultimately accelerates engineering processes for a seamless digital experience.

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Karl brings over 20 years of insurance product, technology, and transformation experience to his new role, and has worked extensively on scaling data, analytics, and operations strategies for the world’s largest financial services organizations.

Karl joins Capco from data analytics and digital operations & solutions company EXL, where he was Vice-President for Insurance Data & AI. Prior to that role, Karl spent five years within EY’s Insurance Advisory Services business, leading teams focused on operational transformation and strategy. Prior to EY, he worked on process, organizational design and process initiatives during his five years with PwC’s Financial Services Advisory division.

Matthew Hutchins, Partner and Global Head of Insurance at Capco said: “I am very pleased to welcome Karl as a new member of the US Partner team. Karl has a deep knowledge of the US insurance market and the regulatory dynamics now impacting insurers. His proven track record in leading innovation and strategic change initiatives for the largest life, group, voluntary benefits, and annuity carriers will be key as we drive industry innovation and help solve our clients’ most complex challenges.”

David Radvany, Partner & US Insurance Lead at Capco, said: “Karl’s expertise and experience in the areas of transformation design and deployment, process change, innovation strategy, and product portfolio enablement will be invaluable as we help our insurance clients realize their ambitions for long-term success. I am very pleased to welcome him to the team.”

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The EY and Databricks Insurance Insights Platform (IIP) for Guidewire integration enables insurers to securely harness the power of Guidewire Cloud Platform (GWCP) data through the creation of a replicated data-model in the Databricks Data Intelligence Platform. The accelerator connects insurers to EY’s solution called Guidewire Replicated Database, which leverages Guidewire Cloud Data Access (CDA) and enables self-serve access to the data in near-real time, providing flexibility and expanded opportunities for analytical and reporting use cases. Insurers can enrich GWCP data with other internal and external data sources, enabling profound insights in their Databricks environment.

The integration gives insurers access to normalized data sets they can leverage for operational and regulatory reporting. It also shapes GWCP data to fit into the standard insurance data model for analysis and use in dashboards. Customers can configure data pipelines and share data across their organizations to enable artificial intelligence (AI) use cases in their Databricks Data Intelligence Platform.

Users can also use IIP itself for its robust reporting and analytics abilities, as it incorporates Databricks’ generative AI features to interpret and analyze data, helping insurers make nuanced, data-driven decisions. IIP offers a web-based portal to configure pipelines and data sets, along with numerous pre-built dashboards, reports, and analytical use cases.

“Our combined efforts with Guidewire and Databricks empower us to seamlessly incorporate cutting-edge technologies and data-driven strategies into Guidewire’s cloud platform,” said Alok Bhargava, Principal, Insurance AI & Data Leader, EY. “Through this partnership, we develop innovative and robust solutions tailored to address our clients’ varied needs, effectively navigating the ever-changing insurance landscape.”

“Databricks’ inclusion in the Guidewire Marketplace is a game-changer for the insurance industry. Our solution provides more flexibility and a better opportunity to utilize the data for building analytical use cases. Customers can continue to run their existing reports and downstream extracts without any change to the underlying data structure. This solution is expected to bring down the overall effort and cost, driven by efficiency gains from data extraction, data integration and data reconciliation,” said Marcela Granados, Global Head of Insurance, Databricks.

“Congratulations to EY and Databricks on the release of their new Guidewire Cloud accelerator,” said Will Murphy, Vice President, Global Technology Alliances, Guidewire. “This integration streamlines data consumption to help our shared customers easily access GWCP data for expanded data application and extract additional insights by blending GWCP data with other data sources.”

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“Billions of dollars have been spent on creating programs to help people whose needs fall outside of traditional healthcare, yet these needs persist,” says Gray. “The answer is not more money or more programs. The answer is better information.”

View the op-ed by Erine Gray below.

Learning from Lyft to Fix the Social Safety Net

By Erine Gray

In 2012, on a busy city street, I watched a man exit an ordinary-looking vehicle driven by someone else. I asked him if he knew the driver and he responded that he did not. Rather, he was an early angel investor in something called Lyft, which used a mobile app to connect drivers with people who needed rides. His Lyft had just dropped him off.

After we parted, I thought the concept made sense – connecting a person who needs a ride with a driver who needs a fare – but I thought the logistics were insurmountable to overcome.

Quickly, I was proved wrong…

To read the rest of the op-ed, click here.

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The partnership builds on Milliken’s commitment to developing sustainable products by leveraging Makersite’s AI-enabled life cycle analysis (LCA) to inform product design and sourcing across the textile and chemical businesses.

Like many organizations, Milliken seeks to balance escalating regulatory demands with customer expectations for detailed environmental information at the product level. Makersite’s comprehensive tools will help the company expand its capacity to make data-driven product decisions that support the sustainability initiatives.

“Partnering with Makersite is another example of how we’re striving to positively impact the world around us for generations to come,” said Kasel Knight, chief legal officer and head of sustainability at Milliken. “We will now have near real-time sustainability data to inform our product design and enable faster sourcing decisions for our customers.”

The collaboration with Makersite underscores Milliken’s dedication to provide smart solutions towards a circular economy and enables the incorporation of LCA principles into the new product development process. 

“Milliken and Makersite have a shared vision for innovating sustainable product design and sourcing that supports business and sustainability goals,” said Neil D’Souza, CEO and founder of Makersite. “By consolidating Milliken’s internal product data with external supply chain databases that detail the cradle-to-grave carbon footprint of each component into Makersite’s unified platform, Milliken will be able to expedite decision-making processes for their product portfolio.”

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