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EPAM Named a Leader in Data Modernization Services in 2024 IDC MarketScape Report

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As a trusted partner for data modernization, EPAM helps clients become more efficient, agile and growth-oriented businesses

NEWTOWN, Pa., Oct. 1, 2024 /PRNewswire/ — Organizations that prioritize developing and maintaining a modernized data infrastructure are best equipped to rapidly adapt to evolving consumer demands in today’s fast-paced market. EPAM Systems, Inc. (NYSE: EPAM), a leading digital transformation services and product engineering company, today announced it has been named a Leader in the IDC MarketScape: Worldwide Data Modernization Services 2024 Vendor Assessment (September 2024/#US51234424). 

The report assesses EPAM saying, “the Company’s data modernization services span from strategy to engineering, focusing on data and AI consulting, data products development, data on cloud, data platform engineering and AI/ML engineering, with specialized offerings for industry verticals and business functions.” It further concludes, “customers highly regard the company’s ability to deliver across the life cycle of data modernization services, provide resources with appropriate and high-quality technical skills, and provide resources with desired certifications in preferred technology platforms.”

“We are proud to be named a Leader by the IDC MarketScape,” said Val Tsitlik, SVP Head of Data and Analytics Practice at EPAM. “We believe this recognition is a testament to our expertise in data and analytics, AI-integrated tools, business intelligence and cloud platform development. We look forward to helping our clients modernize their operational frameworks that support a data-driven organizational design and culture.”

Navigating AI Disruption Requires a Robust Data Foundation

With deep expertise in data and analytics, business intelligence and cloud platform development, EPAM helps companies navigate the complexities of AI by building and scaling new data capabilities that are required in a dynamic environment—from migrating data platforms to the cloud to implementing data governance practices.   

EPAM’s Core Data & Analytics Focus Areas include:

Data, Analytics & AI StrategyData Factory & Data MeshData GovernanceData MigrationArtificial Intelligence & Machine LearningBusiness Intelligence & Self-Service

Subscribers to IDC’s Enterprise Intelligence Services can read the IDC MarketScape report (September 2024/#US51234424) at idc.com.

To learn more about how EPAM is helping customers build a future-ready enterprise with the power of data, visit www.epam.com/services/data-and-analytics.

About IDC MarketScape: 
IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of technology and service suppliers in a given market. The research utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each supplier’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of technology suppliers can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective suppliers.

About EPAM Systems
Since 1993, EPAM Systems, Inc. (NYSE: EPAM) has used its software engineering expertise to become a leading global provider of digital engineering, cloud and AI-enabled transformation services, and a leading business and experience consulting partner for global enterprises and ambitious startups. We address our clients’ transformation challenges by fusing EPAM Continuum’s integrated strategy, experience and technology consulting with our 30+ years of engineering execution to speed our clients’ time to market and drive greater value from their innovations and digital investments.

We make GenAI real with our AI LLM orchestration, testing and engineering solutions, EPAM DIAL, EPAM EliteA™ and EPAM AI/RUN™, respectively.

We deliver globally, but engage locally with our expert teams of consultants, architects, designers and engineers, making the future real for our clients, our partners and our people around the world.

We believe the right solutions are the ones that improve people’s lives and fuel competitive advantage for our clients across diverse industries. Our thinking comes to life in the experiences, products and platforms we design and bring to market.

Added to the S&P 500 and the Forbes Global 2000 in 2021 and recognized by Glassdoor and Newsweek as a Top 100 Best Workplace, our multidisciplinary teams serve customers across six continents. We are proud to be among the top 15 companies in Information Technology Services in the Fortune 1000 and to be recognized as a leader in the IDC MarketScapes for Worldwide Experience Build Services, Worldwide Experience Design Services and Worldwide Software Engineering Services as well as a leader in the 2023 Gartner® Magic Quadrant™ for Custom Software Development Services, Worldwide.*

Learn more at www.epam.com and follow us on LinkedIn.

* Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

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SOURCE EPAM Systems, Inc.

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MOSTLY AI Launches Synthetic Text to Overcome AI Training Plateau and Unlock High-Value Proprietary Data

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As the world runs out of public data to train AI, the new functionality safely unlocks proprietary text data to accelerate LLM development for the deployment of high-quality generative AI solutions

VIENNA and NEW YORK, Oct. 1, 2024 /PRNewswire/ — MOSTLY AI, a pioneer in structured synthetic data, has launched a synthetic text functionality, expanding the power and potential of synthetic data to train AI models as global entities struggle to leverage proprietary data assets because of privacy concerns. With this new functionality, enterprises can unlock the vast amount of proprietary text collected, such as emails, customer support transcripts, and chatbot conversations, without compromising privacy, to train and fine-tune large language models (LLMs) for faster innovation and better decision-making.

“Today, AI training is hitting a plateau as models exhaust public data sources and yield diminishing returns,” said Tobias Hann, CEO of MOSTLY AI. “To harness high-quality, proprietary data, which offers far greater value and potential than the residual public data currently being used, global enterprises must take the leap and leverage both structured and unstructured synthetic data to safely train and deploy forthcoming generative AI solutions.” 

By 2026, Gartner predicts that 75% of companies will use generative AI to create synthetic customer data, up from less than 5% in 2023. MOSTLY AI is enabling this mass adoption by expanding its platform to include synthetic text, which solves three major enterprise challenges today:

Real text data often contains sensitive information, such as personally identifiable information (PII), posing a risk of unintended exposure when used in LLMs.The available text data may not be optimal for LLM training as it often lacks diversity, and manually creating this specialized data is labor-intensive and can yield low-quality results.Companies are shifting focus from public to proprietary data. However, text data is never standalone; it comes intertwined with other structured data about their customer base.

Synthetic data is set to become the driving force behind LLMs. Leveraging advanced tools to unveil deep insights hidden in proprietary data is paramount for strategic, informed decision-making across operations. MOSTLY AI provides companies with a synthetic representation that reflects both the text and the structured insights they hold. By uniquely integrating structured and unstructured data, MOSTLY AI enables enterprises to safely create a complete and statistically accurate picture of their proprietary data assets to fine-tune and deliver high-quality, bespoke generative AI solutions in a safe and compliant way.

In addition to safety and compliance, a critical factor to consider with synthetic text is its quality. When training a downstream text classifier, synthetic text generated by the MOSTLY AI Platform delivers performance improvement as much as 35% compared to text generated by prompting GPT-4o-mini providing either no or just a few real-world examples. This significant boost demonstrates MOSTLY AI’s ability to produce high-quality, impactful synthetic data.

With this launch, enterprises can take any model from Hugging Face and fine-tune it with proprietary text data to generate synthetic data, streamlining a process that is typically complex and time-consuming. This innovation by MOSTLY AI makes it extremely convenient for large organizations to harness the power of creative, private, high quality synthetic text.

“Being able to seamlessly leverage open source models like our own Viking-7B on MOSTLY AI’s platform underlines the transformative potential of synthetic data,” said Peter Sarlin, CEO of Silo AI. “With the ability to privacy-preserving fine-tune models using proprietary text data, we’re moving beyond the sheer quantity of data to a focus on quality, which is critical for the future of AI training.”

“Bringing almost a decade of deep technical expertise, MOSTLY AI delivers superior quality and reliability, and is backed by a highly experienced team and industry-leading technological excellence,” said Christoph Hornung, Partner at Molten Ventures, investor in MOSTLY AI. “With the platform’s expansion into synthetic text, MOSTLY AI is well-positioned to support any enterprise with its sensitive data and LLM needs.”

Founded in 2017, MOSTLY AI works with global enterprises and partners including AWS, Databricks, O2 Telefónica, and more. To learn more about the company’s synthetic text functionality or get in touch with the team, please visit mostly.ai.

About MOSTLY AI
MOSTLY AI pioneered the creation of synthetic data for AI model development. Datasets generated by the MOSTLY AI platform look just as real as a company’s original customer data with just as many details, but without the original personal data points – helping companies comply with privacy protection regulations such as GDPR and CCPA. The fast-growing company currently works with multiple Fortune 100 insurers and banks in Europe and North America. Its team has the deepest expertise in helping companies get business value out of synthetic data.

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SOURCE MOSTLY AI

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Contracts to Payments Simplified, with Integrated Contract, eSignature, Invoice & Document Management Solution

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SUNNYVALE, Calif., Oct. 1, 2024 /CNW/ — SutiSoft, a global leader in cloud-based business solutions, proudly announces the launch of its groundbreaking platform that will redefine the way businesses manage contracts. This innovative solution allows users to create contracts, sign electronically, automatically generate invoices, and securely store documents—all within one seamless, user-friendly interface.

Modernizing Contract Management

In today’s fast-paced business environment, organizations need solutions that streamline operations, eliminate manual processes, and drive productivity. SutiSoft’s new platform delivers just that—offering a comprehensive, end-to-end solution that automate and simplify critical contract management workflows, from creation to completion – all from a single interface, with unprecedented ease and efficiency.

Key Features

Create Contracts Easily: Draft legally binding contracts using a user-friendly interface that supports customizable templates and workflows, ensuring consistency across agreements.eSign Documents: Close deals faster with secure, legally compliant electronic signatures. The platform ensures seamless signing from multiple parties, with real-time notifications and progress tracking.Generate Invoices Automatically: Once a contract is signed, the system automatically generates corresponding invoices, streamlining payment processes and ensuring precise billing.Store and Manage Documents Efficiently: All documents—from contracts to signed agreements and invoices—are securely stored in a robust Document Management System (DMS), ensuring that only authorized people can access the documents with detailed audit trails. 

“Switching between multiple systems to run your core operations adds layers of complexity, slowing down the process and increasing the chances of errors. We believe these critical workflows shouldn’t be so cumbersome. That’s why we envision a streamlined approach where every step—from contract creation to payment—can be managed effortlessly from a single interface. Our all-in-one platform transforms contract management from a fragmented, time-consuming process into a streamlined, efficient workflow. We’re giving companies the tools they need to operate smarter, save time, and stay competitive in a digital-first world.”

-N.D. Reddy, CEO of SutiSoft.

About SutiSoft

SutiSoft provides a wide range of cloud-based software solutions designed to meet the needs of businesses of all sizes. From eSignature solutions to expense management, CRM, and HR, SutiSoft’s offerings help organizations increase productivity, improve efficiency, and drive growth.

To learn more about SutiSoft’s new contract management platform or request a demo, please visit https://www.sutisoft.com/.

Contact: 
CAROL SLONE
Media Communication
carol.slone@sutisoft.com
(650)969-7884×415

Photo: https://mma.prnewswire.com/media/2520528/Contract_Creation_to_Payments.jpg
Logo: https://mma.prnewswire.com/media/2443868/4773576/SutiCLM_Logo.jpg 

 

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SOURCE SutiSoft Inc.

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Teledyne LeCroy Unveils Next-Generation CXL™ 2.0 Device Validation Solution

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OakGate CD280-G5 tests High-Performance, Data-Intensive CXL Memory Devices at Scale

LOOMIS, Calif., Oct. 1, 2024 /PRNewswire/ — Teledyne LeCroy, a global leader in protocol test and measurement solutions, proudly announces the OakGate CD280-G5 CXL validation test solution for PCIe 5.0-based Compute Express Link (CXL) memory expansion devices. This next-generation test solution verifies performance and functionality of CXL 2.0 memory devices, accelerating their time-to-market while ensuring high reliability.

Meeting the Demands of AI and Big Data

The rise of artificial intelligence (AI) and big data is driving the shift towards heterogeneous computing, where multiple processors work in parallel to process vast amounts of data. CXL, an open standard interconnect supported by PCIe 5.0, enables high-speed, low-latency communication between the host processor and devices such as accelerators, memory buffers, and smart I/O devices, expanding memory capacity and bandwidth to new levels of performance.

Ensuring Reliable Performance

Functional and performance validation testing is crucial to ensure CXL memory expansion devices meet the CXL standard prior to their release. The OakGate CD280-G5, designed in collaboration with data center architects as well as memory and chipset manufacturers can reliably ensure the intended performance is met.

“Micron’s collaboration with Teledyne LeCroy has helped mature the CXL compliance test ecosystem, in addition to strengthening our own CXL innovation and efforts to deliver the Micron CZ120 memory expansion module, the industry’s first CXL-compliant device in production,” said Siva Makineni, vice president of Advanced Memory Solutions at Micron. “Teledyne LeCroy’s CXL validation capabilities are playing an important role in ensuring the quality and compliance of our developing CXL 2.0 solutions. The new CD280-G5 CXL Validation Platform is enabling test and validation of advanced features to ensure broader industry adoption of CXL memory solutions.”

Advanced Features for Comprehensive Testing

The OakGate CD280-G5, equipped with the robust Endeavor validation software, offers a rich collection of validation and visualization capabilities, including:

Discovery and enumeration of CXL memory devicesAccess to PCIe and CXL register spacesExecution of common memory traffic patterns and workloadsCustomizable CXL commands via the Passthrough Command ToolBuilt-in security flows utilizing Security Protocol and Data Model (SPDM) over Data Object Exchange (DOE), System Management Bus (SMBus), and PCIe Vendor Defined Messages (VDMs)Power control and sideband testing (#PERST, #REFCLK, #PWRDIS)Launch and execution of CXL.org CXL Validation (CV) Tests

New Enhancements

The latest features packed into the Endeavor software and the CD280-G5 include:

Testing up to 8 EDSFF E.3 or CEM CXL devicesVoltage margining and power/sideband glitchingMemory interleavingAdditional SPDM security flowsProtocol analyzer functionalityBuilt-in test automation

A comprehensive Software Development Kit (SDK) based on Representational State Transfer Application Programming Interfaces (REST APIs) allows users to programmatically control and automate all features, ensuring consistent and repeatable test performance.

Availability

OakGate CXL validation test appliances are available for order now. For more information, contact Teledyne LeCroy at 1-800-5LeCroy (1-800-553-2769) or visit our website at Teledyne LeCroy OakGate CXL Validation Solutions.

About Teledyne LeCroy

Teledyne LeCroy, Inc. is a leading manufacturer of advanced oscilloscopes, protocol analyzers, and other test instruments that verify performance, validate compliance, and debug complex electronic systems quickly and thoroughly. Since its founding in 1964, the company has focused on incorporating powerful tools into innovative products that enhance “Time-to-Insight.” Faster time to insight enables users to rapidly find and fix defects in complex electronic systems, dramatically improving time-to-market for a wide variety of applications and end markets. Teledyne LeCroy is based in Chestnut Ridge, N.Y. For more information, visit Teledyne LeCroy’s website.

Technical contact:

Rob Dobson – Director of Product Mgmt. and Marketing

916-618-2372

Customer contact:

Teledyne LeCroy OakGate Customer Care Center

916-652-5132

Website:

https://teledynelecroy.com/OakGate

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SOURCE Teledyne LeCroy

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