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Manufacturing Industry’s Path to Innovation and Efficiency Lies in Exponential IT, Says Info-Tech Research Group

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Info-Tech Research Group is offering durable goods manufacturers a strategic guide to adopting an Exponential IT mindset. In a recently published blueprint focused on enhancing operational efficiency, predictive maintenance, and supply chain optimization, the firm outlines actionable strategies for IT leaders in the manufacturing industry to leverage advanced technologies to improve productivity, innovation, and customer engagement.

TORONTO, June 17, 2024 /PRNewswire/ – Facing heightened competition, aging legacy equipment, and significant technical debt, the manufacturing sector is under immense pressure to innovate and modernize its operations, Info-Tech Research Group explains in a new industry resource. The global research and advisory firm highlights in Priorities for Adopting an Exponential IT Mindset in the Durable Goods Manufacturing Industry that manufacturing companies must embrace exponential technologies to improve competitive positioning, with IT leaders playing a key role as valued business partners in this transformation. The new research-backed blueprint provides manufacturing and IT leaders with strategic insights and actionable plans to predict market shifts, enable proactive technology investments, and drive modernization through Exponential IT, ensuring they maintain their competitive edge and avoid disruptions.

“From digitizing service models to computerizing operations and the new influx of artificial intelligence processing, information technology has drastically changed organizations,” says Kevin Tucker, advisory practice lead at Info-Tech Research Group. “To make the most of this impending opportunity, IT executives will need to transform into business leaders who can unlock advanced value and insights for their company while reducing risk by implementing an IT transformation. But in the world of Exponential IT, where new skills and capacities are needed, innovation readiness is often still a mystery.”

Info-Tech defines Exponential IT as the strategic integration of rapidly advancing technologies that can revolutionize the manufacturing sector. These technologies, including automation, artificial intelligence, and advanced analytics, empower manufacturing companies to enhance operational efficiency, improve resource management, and innovate production processes. Embracing an Exponential IT mindset allows manufacturers to tackle digital transformation head-on, ensuring sustainable business growth and maintaining a competitive edge.

“The manufacturing industry is urged to rapidly inject an Exponential IT implementation into its roadmap to address potential industry disruptions,” explains Tucker. “It is essential for businesses to grasp the main priorities of Exponential IT transformation to stay competitive in today’s challenging environment. Recognizing and integrating core foundational capabilities are considered crucial initial steps in starting a successful Exponential IT transformation, resulting in the generation of value in the industry.”

The firm’s research outlines critical challenges faced by the durable goods manufacturing sector in adopting Exponential IT. Key issues include the integration of cutting-edge technologies with legacy systems, the persistent difficulty in attracting and retaining skilled IT professionals, and the urgent need for effective data governance. Many manufacturers also contend with fragmented data management and the dual pressures of innovation and regulatory compliance. Overcoming these challenges demands an approach encompassing strategic planning, targeted investments in upskilling staff, and a culture that embraces technological advancement. By fortifying foundational IT capabilities and enhancing digital proficiency, manufacturers can successfully navigate digital transformation, achieving substantial gains in operational efficiency and improved customer engagement.

Info-Tech’s recently published blueprint emphasizes the strategic use of advanced technologies, such as AI and data analytics, for predictive maintenance, supply chain optimization, and customer experience personalization. This approach not only safeguards sensitive data but also leverages it to fuel innovation and boost overall business performance. The firm advises that by prioritizing these technological advancements, manufacturing organizations can develop more flexible and responsive operations, ensuring sustained success in the dynamic manufacturing landscape.

In the resource, Info-Tech outlines four key priorities that manufacturing IT leaders must consider as they adopt an Exponential IT mindset:

Fund exponential value creation: As the market and IT’s roles evolve, IT budgets will need to shift significantly toward innovation. This includes focusing on efficiency, sustainability, cost reduction, and faster product quality enhancement. More funding should also be directed toward advanced human-machine technologies that improve employee safety.Team up DataOps with ModelOps: Companies are increasingly recognizing that data is their most critical asset. While data has always been important, the rise of AI and machine learning has further elevated its significance. These advanced technologies are essential for rapid decision-making, but poor-quality data can lead to poor decisions. Integrating DataOps with ModelOps ensures data integrity and effective model management.Transform infrastructure and applications into utilities: Shifting towards a utility-based model for infrastructure and applications promotes a collaborative and innovative approach to IT asset management. Leveraging cloud solutions and low-code/no-code platforms gives organizations greater control over their outcomes and agility to respond to market changes.Let AI take over core operations: The growing importance of data, driven by AI and machine learning, is transforming core operations. AI can enhance system efficiency, accelerate incident detection, and boost automation productivity. Ensuring high-quality data is crucial, as poor data can lead to poor decisions. Proper integration of AI in core operations allows for rapid, accurate decision-making and improved overall performance.

As the manufacturing sector navigates the complexities of the digital era, prioritizing these strategies will equip organizations to drive innovation, maintain robust data security, and deliver value-rich, personalized services that meet evolving market demands.

By adopting an Exponential IT mindset, manufacturing companies can effectively address the multifaceted challenges of digital transformation, enhance their technological frameworks, and achieve substantial improvements in operational efficiency and customer engagement. This proactive approach ensures not only operational resilience but also a competitive edge in an increasingly dynamic market.

For exclusive and timely commentary on this topic from Info-Tech’s analysts and access to the complete Priorities for Adopting an Exponential IT Mindset in the Durable Goods Manufacturing Industry blueprint, please contact pr@infotech.com.

Info-Tech LIVE 2024 Conference

Registration is now open for Info-Tech Research Group’s annual IT conference,  Info-Tech LIVE 2024, taking place September 17 to 19, 2024, at the iconic Bellagio in Las Vegas. This premier event will also offer journalists, podcasters, and media influencers access to exclusive content, the latest IT research and trends, and the opportunity to interview industry experts, analysts, and speakers. To apply for media passes to attend the event or to gain access to research and expert insights on trending topics, please contact pr@infotech.com.

About Info-Tech Research Group

Info-Tech Research Group is one of the world’s leading research and advisory firms, proudly serving over 30,000 IT and HR professionals. The company produces unbiased, highly relevant research and provides advisory services to help leaders make strategic, timely, and well-informed decisions. For nearly 30 years, Info-Tech has partnered closely with teams to provide them with everything they need, from actionable tools to analyst guidance, ensuring they deliver measurable results for their organizations.

To learn more about Info-Tech’s divisions, visit McLean & Company for HR research and advisory services and SoftwareReviews for software buying insights.  

Media professionals can register for unrestricted access to research across IT, HR, and software and hundreds of industry analysts through the firm’s Media Insiders program. To gain access, contact pr@infotech.com. 

For information about Info-Tech Research Group or to access the latest research, visit infotech.com and connect via LinkedIn and X.

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SOURCE Info-Tech Research Group

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NASA Invites Media to Launch of Cosmic Origins, Solar Wind Missions

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January 13, 2025

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WASHINGTON, Jan. 13, 2025 /PRNewswire/ — Media accreditation is open for the launch of two NASA missions that will explore the mysteries of our universe and Sun.

The agency is targeting late February to launch its SPHEREx (Spectro-Photometer for the History of the Universe, Epoch of Reionization and Ices Explorer) observatory, a space telescope that will create a 3D map of the entire sky to help scientists investigate the origins of our universe. NASA’s PUNCH (Polarimeter to Unify the Corona and Heliosphere) mission, which will study origins of the Sun’s outflow of material, or the solar wind, also will ride to space with the telescope.

NASA and SpaceX will launch the missions aboard the company’s Falcon 9 rocket from Space Launch Complex 4E at Vandenberg Space Force Base in California.

Accredited media will have the opportunity to participate in a series of prelaunch briefings and interviews with key mission personnel, including a science briefing the week of launch. NASA will communicate additional details regarding the media event schedule as the launch date approaches.

Media interested in covering the launch must apply for media accreditation. The application deadline for U.S. citizens is 11:59 p.m. EST, Thursday, Feb. 6, while international media without U.S. citizenship must apply by 11:59 p.m., Monday, Jan. 20.

NASA’s media accreditation policy is available online. For questions about accreditation, please email: ksc-media-accreditat@mail.nasa.gov. For other mission questions, please contact the newsroom at NASA’s Kennedy Space Center in Florida at 321-867-2468.

Para obtener información sobre cobertura en español en el Centro Espacial Kennedy o si desea solicitar entrevistas en español, comuníquese con Antonia Jaramillo: 321-501-8425, o Messod Bendayan: 256-930-1371.

Updates about spacecraft launch preparations are available on the agency’s SPHEREx blog and PUNCH blog.

The SPHEREx mission will observe hundreds of millions of stars and galaxies in infrared light, a range of wavelengths not visible to the human eye. With this map, SPHEREx will enable scientists to study inflation, or the rapid expansion of the universe a fraction of a second after the big bang. The observatory also will measure the collective glow from galaxies near and far, including light from hidden galaxies that individually haven’t been observed, and look for reservoirs of water, carbon dioxide, and other key ingredients for life in our home galaxy.

Launching as a rideshare with SPHEREx, the agency’s PUNCH mission is made up of four suitcase-sized satellites that will spread out around Earth’s day-night line to observe the Sun and space with a combined field of view. Working together, the four satellites will map out the region where the Sun’s outer atmosphere, the corona, transitions to the solar wind, or the constant outflow of material from the Sun.

The SPHEREx observatory is managed by NASA’s Jet Propulsion Laboratory in Southern California for the Astrophysics Division within the agency’s Science Mission Directorate in Washington. The mission principal investigator is based jointly at NASA JPL and Caltech. Formerly Ball Aerospace, BAE Systems built the telescope, supplied the spacecraft bus, and performed observatory integration. The science analysis of the SPHEREx data will be conducted by a team of scientists located at 10 institutions in the U.S., two in South Korea, and one in Taiwan. Data will be processed and archived at IPAC at Caltech. The SPHEREx data set will be publicly available.

The agency’s PUNCH mission is led by Southwest Research Institute’s office in Boulder, Colorado. The mission is managed by the Explorers Program Office at NASA’s Goddard Space Flight Center in Greenbelt, Maryland, for NASA’s Science Mission Directorate. NASA’s Launch Services Program, based at NASA Kennedy, manages the launch service for the SPHEREx and PUNCH missions.

For more details about the SPHEREx mission and updates on launch preparations, visit:

https://science.nasa.gov/mission/spherex/

 

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SOURCE NASA

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Ragie Launch Week: Game-Changing RAG Tooling for Developers

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January 13, 2025

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SAN FRANCISCO, Jan. 13, 2025 /PRNewswire/ — Ragie, the innovative leader in Retrieval Augmented Generation (RAG) technology, is proud to announce its first-ever Launch Week.  Beginning today, Ragie will unveil several highly anticipated features requested by its growing user base that are designed to make AI applications faster and easier to build.

 

Three key announcements are being made during this three-day event: Ragie Connect, Advanced Retrieval Mode and Base Chat.

Ragie Connect

Many of Ragie’s customers have asked for a way to use its robust RAG pipeline in their SaaS applications, which is why the team developed Ragie Connect. Ragie Connect connects your AI application with your users’ data with minimal code. It handles authentication and automatic user-data syncing from data sources like Google Drive, Salesforce, Notion, and more, so developers can easily embed RAG in their applications.

“Ragie Connect is a lot like Plaid for AI”, said Bob Remeika, CEO of Ragie.  “With just a little bit of code, you can sync your users’ data with your application.  It’s similar to other iPaaS systems in that it handles authentication and data syncing, except Ragie Connect is purpose built for AI applications which really sets it apart.”

Ragie Advanced Retrieval Mode

Ragie looks very simple by design, but there are a lot of advanced features like Hybrid Search and Reranking. These work in the background to help it achieve 99.4% precision on LegalBench-RAG and a 137% improvement on FinanceBench with semantic, hybrid, and hierarchical retrieval. Ragie’s new “recency bias” feature ensures that the most current data is prioritized during retrieval in use cases where live data is more important than historical knowledge bases.

“Our goal is to set the standard for retrieval accuracy and developer experience in the industry,” said Mohammed Rafiq, CTO of Ragie.

Ragie Base Chat

Ragie is releasing an open source multi-tenant chatbot called Ragie Base Chat, which is powered by Ragie Connect and connects to your company’s knowledge base. It’s like a self-hosted “Glean light” that allows companies to chat with their data from Google Drive, Salesforce, Notion, and more. The Base Chat release will also contain 5 new native connectors including Slack, Hubspot, Dropbox, GCS, and S3 to meet the needs of new and existing customers in multiple verticals. A fully hosted version of Base Chat is coming soon.

These updates are just the latest in Ragie’s ongoing evolution as the leading RAG-as-a-Service platform for developers. Visit www.ragie.ai to learn more about the Launch Week, Ragie Connect, and more.

View original content to download multimedia:https://www.prnewswire.com/news-releases/ragie-launch-week-game-changing-rag-tooling-for-developers-302349590.html

SOURCE Ragie

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HYDRO-QUÉBEC ISSUE OF DEBENTURES DUE FEBRUARY 15, 2065 ON THE CANADIAN MARKET

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January 13, 2025

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MONTREAL, Jan. 13, 2025 /CNW/ – Hydro-Québec announces that it has negotiated on the Canadian domestic market the issue of CA$500,000,000 of Debentures, Series JU, maturing on February 15, 2065.

The Debentures, with a coupon of 4.00%, payable semi-annually, will be offered on the market at a price of 91,495 plus interest deemed to have accrued from August 15, 2024. The yield is 4.457%.

The lead manager for this issue is National Bank Financial Inc. with Scotia Capital Inc. and The Toronto-Dominion Bank acting as co-lead managers, BMO Nesbitt Burns Inc., Casgrain & Company Limited, CIBC World Markets Inc., Desjardins Securities Inc., Laurentian Bank Securities Inc. and RBC Dominion Securities Inc. acting as other managers.

This is the third additional tranche of Debentures, Series JU, issued initially on September 19, 2024 and the total aggregate principal amount of Debentures outstanding under this Series now amounts to CA$2,000,000,000.

SOURCE Hydro-Québec

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