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Chemical and Pharmaceutical Manufacturing Can Elevate Innovation and Market Responsiveness With Exponential IT, Says Info-Tech Research Group

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Info-Tech Research Group’s latest blueprint addresses the pressing need for advanced technology integration in the chemical and pharmaceutical manufacturing industry. The research emphasizes adopting AI, cloud computing, and data analytics to overcome regulatory challenges, optimize operations, and drive sustainable growth and innovation. This strategic approach aims to balance maintaining existing IT infrastructure while investing in cutting-edge solutions to remain competitive in a rapidly evolving marketplace.

TORONTO, July 9, 2024 /PRNewswire/ – The chemical and pharmaceutical manufacturing industry faces numerous challenges, including regulatory compliance, escalating production costs, and protecting proprietary data. In this demanding landscape, sustaining competitiveness and driving innovation requires strategically adopting advanced technologies. Recognizing this urgency, Info-Tech Research Group has published its latest blueprint, Priorities for Adopting an Exponential IT Mindset in the Chemical & Pharmaceutical Manufacturing Industry. This research underscores the necessity for industry IT leaders to integrate AI, cloud computing, and data analytics to overcome current obstacles, optimize operations, and pave the way for sustainable growth and innovation.

“Industry 5.0, as well as the integration of technologies like artificial intelligence, the Internet of Things, and advanced robotics, have begun to usher in a profound paradigm shift that challenges traditional manufacturing philosophies, enabling precision, efficiency, and customization previously unimaginable,” says Shreyas Shukla, principal research director at Info-Tech Research Group. “The role of IT in this transformation is nothing short of critical. Advanced IT maturity will be essential in the effort to integrate new technologies into existing manufacturing ecosystems and enable seamless connectivity, data integrity, and system security.”

Info-Tech’s research highlights the unique challenges faced by the chemical and pharmaceutical manufacturing industry, ranging from technological adoption and workforce adaptation to ethical considerations and sustainability goals. CIOs in the industry are finding it challenging to strike a balance between maintaining existing IT infrastructure and investing in new, innovative technology solutions. Furthermore, there is a significant struggle to recruit and retain skilled IT professionals proficient in the latest technologies. However, the firm emphasizes that manufacturers can optimize their operations and drive innovation by understanding these barriers and embracing the opportunities presented by exponential technologies.

“Multiple factors are contributing to sluggish demand for chemicals globally, including a recession in Europe, inflation in the United States, and a smaller-than-expected rebound in demand from China,” explains Shukla. “In addition, over-ordering during the pandemic has resulted in high inventory levels, leading to months of destocking. This is causing a slowdown in chemical output with many companies turning their focus toward reducing costs and improving efficiencies.”

While the chemical sector grapples with these challenges, the pharmaceutical industry has made notable advancements, particularly in areas such as vaccine development and cancer treatments. However, despite these breakthroughs, the sector faces significant economic pressures.

“The pharma industry has seen breakthroughs in vaccine development, cancer treatments, GLP-1 drugs that are revolutionizing weight management, gene therapy and gene editing technology for rare diseases, and new treatments for complex diseases like Alzheimer’s,” adds Shukla. “Yet, the sector continues to experience underperformance in capital markets relative to the market index. Every cost-related line item is going up due to inflation, interest rates, new tax regimes, and an increasing threat environment.”

The firm’s blueprint stresses the importance of adopting Exponential IT within the manufacturing industry to mitigate disruptions and drive innovation. While generative AI has been a catalyst for this transformation, Info-Tech’s research explains that the continuous emergence of new technologies is exerting additional pressure on organizations to adapt swiftly and efficiently. These advancements require a strategic approach to integrating and leveraging new technologies to maintain operational excellence and market relevance.

In its latest research, Info-Tech outlines four key priorities for Exponential IT transformations in the chemical and pharmaceutical manufacturing industry that organizations must embrace to ensure resilience and growth:

Transform Infrastructure & Apps to Utilities: Shifting from a focus on individual IT applications to leveraging innovative technologies like cloud services and low-code/no-code platforms is imperative for achieving agility and competitive advantage. This approach enables organizations to be more adaptive and responsive to market changes by facilitating rapid deployment and iteration of solutions.Mitigate Rampant Privacy Risks: Effective cybersecurity measures are essential to protect against potential data breaches and prevent unintended uses of AI platforms. These measures safeguard confidential data, research findings, and proprietary methodologies, thereby protecting corporate reputation and financial stability.Deliver Organizational Outcomes via Natural Language: Embracing the “platform as a product” approach democratizes technology across operations. This strategy leverages AI and ML-driven solutions more effectively, enabling employees who may not have traditional coding expertise to develop, customize, and manage applications independently.Build Outcome Measurement: Aligning IT with broader organizational goals is crucial for driving business value and innovation. By taking ownership of organizational targets, IT can better understand and address the strategic needs of the business, proactively identifying opportunities for technology to drive growth, efficiency, and competitive advantage.

By strategically aligning IT initiatives with organizational goals and fostering a culture of innovation, the chemical and pharmaceutical manufacturing industry can overcome barriers to digital transformation. Info-Tech’s comprehensive blueprint offers practical guidance on building a robust IT infrastructure, managing risks effectively, and creating a data-driven environment that supports continuous improvement. Adopting these priorities will help manufacturers navigate the complexities of the digital age, improve operational efficiency, sustain a competitive edge, and transform operations for long-term success.

For exclusive and timely commentary from Shreyas Shukla, an expert in the manufacturing sector, and access to the complete Priorities for Adopting an Exponential IT Mindset in the Chemical & Pharmaceutical Manufacturing Industry blueprint, please contact pr@infotech.com.

Info-Tech LIVE 2024

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 offers 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 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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Greenlane Renewables Announces Management and Board of Director Changes

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~Appointment of Stephanie Mason as CFO completes planned succession~

VANCOUVER, BC, Nov. 15, 2024 /CNW/ – Greenlane Renewables Inc. (“Greenlane”) (TSX: GRN) (FSE: 52G) today announces the appointment of Stephanie Mason as Chief Financial Officer (“CFO”), effective January 13, 2025.

Ms. Mason brings over 15 years of experience to her new role as Greenlane’s CFO. Ms. Mason has been with Greenlane for over 4 years, most recently as Director of Finance following a promotion from Corporate Controller. Prior to working at Greenlane, Ms. Mason gained experience at other TSX-listed renewable energy companies managing teams responsible for financial reporting, regulatory compliance and other finance activities. Ms. Mason developed her strong accounting foundation at PricewaterhouseCoopers where she obtained her CPA, CA designation.

“We are excited to welcome Stephanie into the role of CFO,” said Brad Douville, CEO of Greenlane Renewables. “Stephanie brings a depth of expertise in finance, reporting, and operations and provides continuity in leadership at Greenlane. Transitioning overall financial leadership from Monty Balderston to Stephanie starting at the beginning of 2025 completes a planned succession as we continue to advance our strategic goals in the RNG space. During his tenure as CFO over the last couple of years, Monty has provided solid leadership of the finance function at Greenlane and played a pivotal role on the senior management team. I want to thank Monty for all of his contributions.”

“I am honored to become Greenlane’s CFO. This is an organization recognized for its commitment to sustainability and innovation,” stated Ms. Mason. “I look forward to contributing to the company’s financial reporting strength and supporting its growth objectives.”

Mr. Balderston will remain as CFO until voluntarily resigning effective January 13, 2025. Mr. Balderston will support the transition to Ms. Mason upon her appointment, following which he will leave the Company on January 24, 2025.

Further to the management update announced on August 23, 2024, Ian Kane will be completing his transitional role as President and will leave the Company on November 22, 2024 when he will step down from Greenlane’s Board of Directors. The Company wishes to thank Mr. Kane for all of his efforts in helping drive Greenlane’s business plan.

About Greenlane Renewables

Greenlane is driving change: accelerating the energy transition to a net-zero emissions economy. We are cleaning up two of the largest and most difficult to decarbonize sectors of the global energy system: the natural gas grid and commercial transportation. As a pioneer and leading specialist in biogas upgrading, we have been actively contributing to the decarbonization of our planet for over 35 years. The systems we provide transform biogas generated from organic waste into high-value grid-ready renewable natural gas (“RNG”). Our systems produce clean, low-carbon and carbon-negative RNG from organic waste sources including agriculture (such as dairy and hog manure), water resource recovery facilities, food waste, landfills, and sugar mills. Greenlane is the only biogas upgrading company offering and actively deploying the three main upgrading technologies: waterwash, pressure swing adsorption, and membrane separation, plus proprietary biogas desulfurization technology. Greenlane has delivered over 145 biogas upgrading systems into 19 countries, including some of the largest RNG production facilities in the world, and over 160 biogas desulfurization units. For further information, please visit www.greenlanerenewables.com.

SOURCE Greenlane Renewables Inc.

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Eastside Distilling, Inc. Announces Private Placement Offering

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Eastside Distilling, Bridgetown Spirits Corp., a consumer-focused beverage company that builds craft inspired experiential brands and Beeline Financial Holdings, Inc. (“Beeline”), a digital mortgage technology and lending company, announces the completion of a private placement offering (the “Offering”) with accredited investors, resulting in gross proceeds of $1,615,000.

PORTLAND, Ore. and PROVIDENCE, R.I. , Nov. 15, 2024 /PRNewswire-PRWeb/ — Eastside Distilling, Inc. (NASDAQ: EAST) (“Eastside” or the “Company”), a holding company for Bridgetown Spirits Corp., a consumer-focused beverage company that builds craft inspired experiential brands and for Beeline Financial Holdings, Inc. (“Beeline”), a digital mortgage technology and lending company, announces the completion of a private placement offering (the “Offering”) with accredited investors, resulting in gross proceeds of $1,615,000. Under the terms of a Securities Purchase Agreement, the Company sold $1,938,000 in original issue discount Senior Secured Notes (the “Notes”) and Pre-Funded Warrants to purchase 363,602 shares of Common Stock (the “Warrants”).

Joseph Gunnar & Co., LLC acted as the exclusive placement agent in connection with the Offering.

For an overview of the terms of the securities and transactions involved in the Offering, and copies of the forms of transaction documents entered into in connection therewith, please refer to the Company’s Current Report on Form 8-K filed on November 15, 2024 with the Securities and Exchange Commission. The Company plans to utilize the net proceeds for working capital and general corporate expenses, among other uses.

About Eastside Distilling

Eastside Distilling, Inc. (Nasdaq: EAST) is a producer of award-winning craft spirits, including whiskey, vodka, and rum. Founded in Portland, Oregon, Eastside is committed to quality, innovation, and sustainability, delivering exceptional products that reflect the spirit of the Pacific Northwest.

About Beeline Financial Holdings, Inc.

The Company recently closed on a merger with Beeline Financial Holdings, Inc. Beeline is a technology-driven mortgage lender offering a fully digital, AI-enhanced, platform that simplifies and accelerates the home financing process for homeowners and property investors. Based in Providence, RI, Beeline is dedicated to transforming the mortgage industry through innovative technology and customer-centric solutions.

Media Contact

Nick Luzza, BEELINE MORTGAGE , LLC Refinance, 1 4014184461 4014184461, nick@makeabeeline.com, https://www.eastsidedistilling.com/ 

View original content:https://www.prweb.com/releases/eastside-distilling-inc-announces-private-placement-offering-302306634.html

SOURCE BEELINE MORTGAGE , LLC Refinance

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The game-changer: New partnership between real estate tech innovator and luxury brokerage investor just gave agents at select firms valuable advantages and ease

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DALLAS, Nov. 15, 2024 /PRNewswire/ — The parent company of Briggs Freeman Sotheby’s International Realty, the leading luxury brokerage in Dallas, Fort Worth and all of North Texas, announces its groundbreaking partnership with Rechat, real estate’s only AI-powered Experience Management Platform for agents.          

Peerage Realty Partners, the world’s largest strategic investor in Sotheby’s International Realty affiliates, and Dallas-based Rechat have just advanced the real estate industry in a significant leap, through state-of-the-art technology. With the partnership, Rechat is now offering its advanced suite of tools and services to all Peerage Realty Partners brokerages — 206 offices across the U.S. and Canada — equipping its advisors with valuable advancements in real estate technology.          

Rechat was built to solve a universal and persistent problem faced by agents: the need to toggle between disparate platforms to manage the various aspects of their business. Briggs Freeman Sotheby’s International Realty has been working with Rechat almost since its beginning, as a first client, test case and collaborator. Now, years of innovation later, Rechat includes a marketing center, people center and deals center, allowing advisors to work within one integrated ecosystem to streamline tasks, automate listing marketing, create high-quality collateral, track transactions and more.          

Says Rechat CEO Shayan Hamidi: “We are dedicated to equipping agents with all of the tools they need — in one single tab or one single app — to excel in today’s competitive market.”          

Peerage Realty Partners is a leading residential real estate services firm, serving luxury markets across North America. Its brokerage partners include top Sotheby’s International Realty affiliates and other renowned independent firms. It has more than 6,100 advisors across 206 offices in the U.S. and Canada, to whose brokerages it provides strategic input, technology, marketing, operational expertise and much more. Its primary goal is to continually enhance the client, advisor and brokerage experiences through every phase of a transaction and beyond. Peerage Realty is projected to transact about $34.8 billion in sales in 2024 through its partner firms. Peerage Realty Partners, based in Toronto, Canada, has the unique benefit of being a privately owned enterprise, committed to long-term partnerships and investments.  

Says Gavin Swartzman, CEO of Peerage Realty Partners: “We are delighted to partner with Rechat to enhance our technological capabilities and provide our advisors with industry-leading tools. This collaboration aligns seamlessly with our ongoing commitment to leveraging innovation to better serve our clients and propel growth across our network.”    

To learn more, visit briggsfreeman.com, rechat.com and peeragerealty.com.

Peerage Realty Partners — the parent company of Dallas-based Briggs Freeman Sotheby’s International Realty and the world’s largest strategic investor in Sotheby’s International Realty affiliates — and Dallas-based Rechat, the creator of real estate’s only AI-powered Experience Management Platform for agents, have just advanced the real estate industry via state-of-the-art technology. With the partnership, Rechat is now offering its advanced suite of tools and services to all Peerage Realty Partners brokerages — 206 offices across the U.S. and Canada — equipping its advisors with valuable advancements in real estate tech. Rechat has eliminated the need for agents to toggle between disparate platforms to manage the various aspects of their business. After years of collaboration with Briggs Freeman Sotheby’s International Realty, Rechat now includes a marketing center, people center and deals center, allowing advisors to streamline tasks, automate listing marketing, create collateral, track transactions and more.

View original content to download multimedia:https://www.prnewswire.com/news-releases/the-game-changer-new-partnership-between-real-estate-tech-innovator-and-luxury-brokerage-investor-just-gave-agents-at-select-firms-valuable-advantages-and-ease-302306550.html

SOURCE Briggs Freeman Sotheby’s International Realty

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