Connect with us

Technology

Sidestepping AI’s Pitfalls: The Unforeseen Implementation Risks

Published

on

The genie is out of the bottle, with AI poised to grant the wishes of every competitive enterprise with efficiency, profit, and growth. However, relying on the promises of nascent technology heedless of its potential pitfalls can undermine its eagerly anticipated benefits. Companies risk mismanaging massive amounts of data without defining and aligning tangible business goals with clear objectives. Rich Fennessy, CEO of Trace3, encourages businesses to develop robust data management strategies that support the successful integration of AI and other emerging technologies to avoid stagnation, increased cybersecurity threats, and missed financial opportunities.

IRVINE, Calif., July 8, 2024 /PRNewswire-PRWeb/ — It’s becoming less a matter of “if” or “when” companies will incorporate AI tools into their business model, but rather “how” they will integrate its advantages into their daily operations. According to research conducted by Exploding Topics, 77% of companies are currently using or exploring the applications of AI in their businesses, with 83% reporting that AI is a top priority in their future plans. Nine out of ten organizations believe AI offers a competitive advantage. (1) However, despite all the optimism surrounding its limitless possibilities, 70% to 80% of all AI projects fail. (2) Rich Fennessy, CEO of Trace3, advises, “To mitigate the financial risks associated with the high failure rate of AI projects, companies should adopt a practical and strategic approach. Focus on selecting the right use cases that align closely with business objectives and offer clear, measurable outcomes. Prioritize high-impact, feasible projects that can demonstrate quick wins, thereby building confidence and securing further investment.”

“Maintaining a competitive edge in today’s AI-driven landscape requires a purposeful approach,” emphasized Rich Fennessy, CEO of Trace3. “It’s about aligning technology with business strategy and ensuring AI readiness for success.”

Emerging technologies arrive in tandem with associated risks that are often overlooked. Misalignment with strategic goals can lead to poor ROI and low buy-in and shortcuts in technology infrastructure impede progress and increase costs. The demand for experts and workforce retraining slows adoption, while a lack of expertise among executives can impact decision-making and risk assessment. Treating emerging technology as incremental improvement rather than transformative can limit success. The lightning-fast pace of innovation can outpace risk assessment and regulation, leading to safety and security concerns. Large volumes of data create vulnerabilities that require data governance, secure infrastructure, and compliance measures. (3)

Essential Strategies for Successful Technology Integration
Fennessy offers the following solutions to successfully overcome the inherent risks when implementing emerging technology like AI:

1. Develop Robust Data Management Strategies for AI Integration: Data preparation is essential, as many enterprises struggle with data quality and availability issues. Establish strong data governance with clear policies for quality, security, and privacy. Use data profiling to identify inconsistencies and anomalies. Implement scalable architectures like data lakes or warehouses to store, manage, and organize diverse data types efficiently.
2. Align AI Projects With Business Objectives: Engage both business and technical stakeholders to identify specific AI use cases that align with business objectives and deliver measurable outcomes, using techniques like “art of the possible” workshops to uncover potential ideas. Conduct pilot projects to test and refine these use cases, focusing efforts on high-impact areas and being prepared to pivot if necessary.
3. Mitigate Financial Risks of AI Project Failures: Poor data quality and management are common reasons for AI project failures. Invest in reliable data assessment, cleansing, and validation. Establish strong data governance frameworks to maintain data integrity, security, and compliance. Choose the right platforms for AI deployment, such as cloud solutions offering advanced AI and machine learning tools, pre-built models, and infrastructure, significantly reducing initial setup costs and time.
4. Address Ethical Concerns in AI and Emerging Technologies: Communicate clearly on data usage and AI decision-making processes. Implement oversight mechanisms to prevent misuse and ensure compliance. Adhere to data protection regulations, employ anonymization techniques, and audit AI systems to identify and mitigate bias.
5. Balance Operational Disruptions with Innovation: AI should be implemented as an integral business component, requiring visionary leadership and a culture of testing assumptions to foster technical trust. While explainability is crucial in critical use cases, preparing for future adoption remains essential for evolving technologies.
6. Cybersecurity Measures for Emerging Technologies: Organizations must ensure transparency in data handling, aligning with the General Data Protection Regulation (GDPR), California Consumer Privacy Act (CCPA), and other privacy standards while enhancing anonymization and cybersecurity. Mitigating bias involves using diverse datasets, regular audits, and adopting bias detection tools for AI. Establishing ethical AI frameworks and ongoing employee education promotes responsible deployment aligned with organizational values.
7. Ensure Regulatory Compliance in Technology Implementations: Regular risk assessments identify tech vulnerabilities and monitor threats. Solid security systems like the NIST Cybersecurity Framework, ISO/IEC 27001, and CIS Controls ensure comprehensive protection with advanced endpoint security, network segmentation, encryption, and strong access controls. Implementing vulnerability management, incident response plans, and ongoing training to defend against cybersecurity threats are crucial for organizations using third-party services.

Trace3 transforms enterprises through collaborative, strategic consulting, adaptive technology, and convergent solutions that deliver visible and measurable results. Fennessy concludes, “Maintaining a competitive edge in today’s AI-driven competitive landscape requires a purposeful approach. It’s not simply about getting on board with the latest technology, it’s about bending it to align with your strategy and desired business outcomes, while ensuring your AI data readiness supports a roadmap that leads straight to success.”

About Trace3:
Today there is a great deal of noise in the technology industry around AI, but not much practical intelligence is offered. Trace3, based in Irvine, California, delivers over 20 years of expertise in delivering innovation in the form of emerging technology, providing unique technology solutions and consulting services to change this – and drive its implementation across enterprises. Their elite engineering and dynamic innovation provide convergent solutions that embrace emerging technology and drive measurable value. Trace3 embodies the spirit of a startup with the advantage of a scalable business. Trace3 believes that ALL Possibilities Live in AI. For more information, visit http://www.trace3.com.  

References:
1. Tprestianni. “131 AI Statistics and Trends for 2024.” National University, 1 Mar. 2024, nu.edu/blog/ai-statistics-trends/#:~:text=According%20to%20research%20completed%20by,priority%20in%20their%20business%20plans.
2. Rschmelzer. “Top Reasons Why AI Projects Fail.” Cognilytica, 26 Dec. 2023, cognilytica.com/top-10-reasons-why-ai-projects-fail/#:~:text=The%20Shocking%20Truth%3A%2070%2D80%25%20of%20AI%20Projects%20Fail!,-Despite%20the%20buzz&text=Not%20surprisingly%2C%20there%20are%20a,ways%20to%20navigate%20these%20challenges.
3. “Eight Overlooked Emerging Tech Risks and How to Mitigate Them.” ISACA, isaca.org/resources/news-and-trends/newsletters/atisaca/2024/volume-9/eight-overlooked-emerging-tech-risks-and-how-to-mitigate-them. Accessed 1 July 2024.

Media Contact

Karla Jo Helms, JOTO PR™, 727-777-4629, khelms@jotopr.com, jotopr.com

View original content to download multimedia:https://www.prweb.com/releases/sidestepping-ais-pitfalls-the-unforeseen-implementation-risks-302189784.html

SOURCE Trace3

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

GRE Alpha to Showcase Innovative LED Driver Solutions with LumiFree™ Light Distribution Technology at LEDucation 2025

Published

on

By

GRE Alpha, a global leader in LED power solutions, will exhibit cutting-edge LED drivers and control systems that power LumiFree™ light distribution technology at LEDucation 2025.

NEW YORK, March 15, 2025 /PRNewswire-PRWeb/ — GRE Alpha, a global leader in LED power solutions, will exhibit cutting-edge LED drivers and control systems that power LumiFree™ light distribution technology at LEDucation 2025.

LEDucation attendees are invited to visit GRE Alpha at Booth #205 to experience innovations firsthand and discuss how these solutions can be customized for specific project requirements.

Visitors to Booth #205 will experience firsthand how this powerful combination solves traditional challenges associated with manual lighting controls while offering superior flexibility and performance.

The showcase at the annual trade show and conference organized by the Designers Lighting Forum of New York will take place at the New York Hilton Midtown on March 18-19, 2025.

Visitors to GRE Alpha’s booth will witness live demonstrations highlighting the system’s wireless capabilities across multiple control protocols, including Bluetooth Low Energy (BLE), Wi-Fi, 0-10V, DALI, and DMX.

The GRE Alpha and LumiFree™ combination offers several key advantages:

Enhanced Control Flexibility: LumiFree™ technology enables electrical control of light spread and independent two-axis light distribution control (horizontal and vertical), representing a breakthrough in lighting customization with applications across general lighting, specialized lighting, and optical inspection systems.Simplified Integration: GRE Alpha’s LED drivers seamlessly integrate with a wide range of luminaire designs, allowing OEMs complete freedom in their mechanical requirements.Extended Product Lifespan: The elimination of mechanical control components reduces wear and failure points, significantly enhancing system reliability and longevity.Greater Automation Capabilities: With wireless connectivity and advanced programming options, lighting systems can be easily updated, monitored, and controlled remotely.Reduced Installation Complexity: Wireless controls eliminate the need for additional control wiring, simplifying installation and reducing associated costs.

The technology supports a wide range of applications, including architectural lighting, commercial installations, industrial applications, smart building integration, and retail and hospitality environments.

LEDucation attendees are invited to visit GRE Alpha at Booth #205 to experience these innovations firsthand and discuss how these solutions can be customized for specific project requirements.

About GRE Alpha

GRE Alpha is dedicated to the design and manufacture of high-quality power supplies and lighting control accessories that meet the needs of the lighting industry. With more than two decades of power conversion expertise, GRE Alpha provides OEM and ODM services to lighting manufacturers and offers a comprehensive portfolio of LED drivers and lighting control modules to global lighting brands.

For more information, visit www.grealpha.com/contact.

About LEDucation

LEDucation, presented by the Designers Lighting Forum of New York, is the largest LED-only trade show and conference in the United States. The event connects lighting design professionals with manufacturers, allowing attendees to explore cutting-edge innovations in LED technology.

For more information, visit https://leducation.org/

Media Contact

Marina Milutinovic, GRE Alpha, 1 (770) 538-0630, marina@grealpha.com, https://grealpha.com/ 

View original content to download multimedia:https://www.prweb.com/releases/gre-alpha-to-showcase-innovative-led-driver-solutions-with-lumifree-light-distribution-technology-at-leducation-2025-302402290.html

SOURCE GRE Alpha

Continue Reading

Technology

Mitolyn Alerts Consumers About Misleading Third-Party Resellers and Reinforces Commitment to Product Integrity

Published

on

By

NEW YORK, March 15, 2025 /PRNewswire/ — The official brand behind Mitolyn has issued a public advisory regarding unauthorized third-party resellers misrepresenting the product online. Reports of unverified vendors listing non-official versions of Mitolyn across various platforms have surfaced, leading to confusion among consumers.

The official Mitolyn brand has been receiving complaints from individuals who unknowingly made purchases from unverified sources, later realizing discrepancies in packaging, labeling, and product details. This has raised concerns about authenticity and product integrity, as the original product was developed only under Bioventra’s portfolio of advanced formulations.

In response to these growing concerns, the company has issued an official statement emphasizing that Mitolyn should only be purchased through its official website to ensure quality and authenticity.

 

Unverified Resellers Causing Widespread Confusion

In recent weeks, multiple consumer reports have highlighted the increasing prevalence of unauthorized sellers listing Mitolyn outside of the brand’s verified distribution channels. This issue is not unique to Mitolyn, as the broader supplement industry has faced similar challenges with third-party vendors presenting themselves as legitimate sources.

The official brand has actively monitored unauthorized listings and is committed to raising awareness about the potential risks associated with purchasing from unknown third-party vendors.

While some unauthorized sellers may present Mitolyn as genuine, discrepancies in packaging, ingredients, and descriptions have raised red flags. Some consumers have reported receiving products that appear different from what is shown on official materials, while others have struggled with returns and refund processes due to unclear seller policies.

 

Customer Complaints Highlight Need for Greater Awareness

Consumer reports received by the official Mitolyn brand have included concerns such as:

Product inconsistencies – Some customers noted that the labeling, logo placement, or product descriptions did not match official representations.Ingredient discrepancies – While the core formulation of Mitolyn remains proprietary, there have been concerns about whether third-party products match the expected ingredient profile.Unclear storage conditions – Customers have questioned whether Mitolyn’s third-party resellers handle and store the product correctly, as dietary supplements require specific conditions to maintain quality.Limited customer support – Many individuals who purchased Mitolyn from non-official sources found that customer service inquiries went unanswered, leaving them unable to address concerns or seek refunds.

A spokesperson for the official Mitolyn brand commented:
 “We take product integrity seriously and are committed to ensuring that consumers receive only authentic formulations. Unfortunately, unauthorized sellers sometimes misrepresent products, leading to confusion. We encourage customers to remain vigilant when verifying sources.”

 

The Rise of Unauthorized Supplement Sellers

Unauthorized supplement resellers have become a growing issue across various e-commerce platforms, social media marketplaces, and third-party retail websites. Many third-party sellers attempt to capitalize on Mitolyn’s demand, sometimes presenting products at unrealistic discounts or listing them in ways that do not align with official brand communications.

This trend has led to several industry-wide concerns, including:

Unverified product origins – Some sellers source products through unauthorized means, making it difficult for consumers to determine where and how the product was handled before purchase.Potential product substitutions – In some cases, third-party vendors list a product under a brand name, Mitolyn, for instance, but ship alternative formulations or lookalike substitutes.Misleading discount strategies – Some resellers attempt to lure in customers with extremely low prices, which can indicate unverified stock or repackaged items.

While Mitolyn’s official brand is actively monitoring unauthorized sales, the company emphasizes that consumers should take proactive steps to avoid misleading listings.

 

How Consumers Can Identify Official Product Sources

Consumers can take several steps to avoid misleading third-party listings and ensure they are purchasing authentic products. It is important to examine product details carefully, checking for inconsistencies in labeling, packaging, or branding that may indicate a non-official Mitolyn version. Pricing should also be reviewed with caution, as significantly lower prices than usual may suggest an unauthorized seller. Verifying the legitimacy of the seller by researching whether they are recognized as an authorized distributor can help prevent confusion. Lastly, consumers are encouraged to confirm product details through official channels to ensure accuracy and authenticity.

 

Company Response & Consumer Safety Commitment

The official Mitolyn brand has reaffirmed its commitment to consumer safety, product integrity, and transparency. With the increase in unauthorized sales, the company remains focused on educating customers about product authenticity.

“We are committed to making sure that individuals who seek out Mitolyn receive the correct formulation as originally designed. By raising awareness about misleading third-party listings, we hope to prevent unnecessary confusion and ensure a positive customer experience,” the spokesperson added.

Additionally, the company is actively monitoring third-party sales channels and taking steps to minimize unauthorized Mitolyn product listings that could misrepresent the brand.

 

Final Advisory for Consumers

With misleading third-party listings continuing to appear across various online marketplaces, consumers are encouraged to be diligent in verifying sources before making a purchase. The official Mitolyn brand has issued this advisory to help prevent further confusion and misinformation.

For updates regarding product authenticity and verification measures, consumers can refer to official sources.

Photo – https://mma.prnewswire.com/media/2642391/Bioventra_Inc.jpg

View original content:https://www.prnewswire.co.uk/news-releases/mitolyn-alerts-consumers-about-misleading-third-party-resellers-and-reinforces-commitment-to-product-integrity-302402432.html

Continue Reading

Technology

Muon Space Deploys FireSat Protoflight, Marking a Major Milestone in Global Wildfire Monitoring

Published

on

By

Initial FireSat satellite is healthy, paving the way for improved real-time wildfire intelligence and future constellation expansion

MOUNTAIN VIEW, Calif., March 15, 2025 /PRNewswire/ — Muon Space, an end-to-end space systems provider, has successfully launched the FireSat Protoflight satellite, marking a significant milestone in the deployment of the FireSat constellation. This groundbreaking initiative aims to transform global wildfire detection, monitoring, and response.

Designed and built by Muon Space—including its state-of-the-art six-channel multispectral infrared (IR) instrument—FireSat showcases the company’s expertise in delivering fully integrated, mission-tailored satellite systems from concept to operation. Launched aboard SpaceX’s Transporter 13 rideshare mission on March 14 from Vandenberg Space Force Base, Muon Space has successfully established communications with the satellite and confirmed its operational health.

“The FireSat mission exemplifies Muon Space’s ability to rapidly design, build, and deploy high-performance remote sensing systems tailored to address complex, real-world challenges,” said Jonny Dyer, CEO of Muon Space. “FireSat is just the beginning—we are demonstrating how purpose-built constellations can deliver transformative solutions at the speed our customers and partners require.”

Announced in May 2024, the FireSat Constellation is a collaboration between Muon Space and Earth Fire Alliance, combining Muon’s expertise in space-based remote sensing with the Alliance’s deep knowledge of wildfire management and response strategies. This partnership aims to enhance global wildfire response, management, and situational awareness by providing actionable data to first responders, policymakers, and communities facing escalating wildfire threats.

Working closely with hundreds of members of the federal, state, and local fire communities, Muon Space developed the FireSat system and delivered its first satellite to orbit in just 16 months. The initiative has been supported by leading NGOs and philanthropic organizations, including Environmental Defense Fund, the Gordon and Betty Moore Foundation, and others.

“Designing and building an advanced infrared instrument capable of detecting wildfires with high confidence required significant scientific and engineering innovation,” said Dan McCleese, Chief Scientist of Muon Space. “This achievement underscores Muon Space’s ability to push the boundaries of space-based observation, advancing not only wildfire intelligence but also a broad range of critical operational, scientific, and security applications.”

The planned 50+-satellite constellation will eventually provide global coverage with each point on Earth observed every 20 minutes with key wildfire-prone regions benefiting from more frequent observations.

“FireSat is a game-changer for wildfire response,” said Brian Collins, Executive Director of Earth Fire Alliance. “For too long, decision-makers have relied on outdated or incomplete fire data. FireSat is poised to provide persistent, high-fidelity, and detailed information that will empower end users to save more lives and structures, better protect ecosystems, and reduce economic losses.”

Muon is currently developing three additional satellites, which will launch in 2026. FireSat is expected to reach full operational capacity by 2030.

About Muon Space

Founded in 2021, Muon Space is an end-to-end Space Systems Provider that designs, builds, and operates LEO satellite constellations delivering mission-critical data. Our revolutionary, integrated technology stack, Halo enables customers to optimize every dimension of their missions for faster time-to-orbit and superior constellation remote sensing performance. Our state-of-the-art facilities in CA are optimized for manufacturing spacecraft and rapid, flexible payload integration at scale. From earth observation to national security, Muon Space is dedicated to delivering Earth Intelligence for a safer and more resilient world.

For more information on Muon Space, visit: https://www.muonspace.com/

About Earth Fire Alliance

Earth Fire Alliance is a California Nonprofit Public Benefit Corporation founded in 2024 on the belief that high-fidelity data, accessible on a global scale, will transform humanity’s collective approach and relationship to fire. The Alliance shares a vision of expanding wildfire focus and funding from reactive suppression to proactive stewardship that includes better informed real-time decisions on the ground, data-driven resilience initiatives, and improved understanding about the positive and negative role of fire on the landscape. Committed to delivering transformative real-time data from all wildfires on Earth through user-driven technology and radical collaboration, Earth Fire Alliance champions the FireSat satellite constellation. FireSat will deliver unprecedented data about where fires are and how fast they’re moving to frontline fire responders around the globe.

Learn more about the Alliance, FireSat, and how to get involved or support at https://www.earthfirealliance.org/

View original content to download multimedia:https://www.prnewswire.com/news-releases/muon-space-deploys-firesat-protoflight-marking-a-major-milestone-in-global-wildfire-monitoring-302402413.html

SOURCE Muon Space

Continue Reading

Trending