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SP Group heads international energy group and hosts CEOs in Singapore at biennial conference

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SINGAPORE, Oct. 24, 2024 /PRNewswire/ — SP Group (SP) welcomed chiefs of international energy organisations in its role as head and host of the Association of the Electricity Supply Industry of East Asia and the Western Pacific (AESIEAP). In the first of its two-year term, SP hosted the AESIEAP CEO Conference this week, attended by over 200 global energy leaders. The event was held in conjunction with Singapore International Energy Week.

Dr Tan See Leng, Minister for Manpower and Second Minister for Trade and Industry, officiated at the opening session of the conference. Themed Empowering the Energy Transition, the conference covers discussions on the significance of regional collaboration, on energy transition, enhancing grid interconnectivity, facilitating and financing large-scale energy imports, and mitigating challenges in the evolving energy ecosystem. This is especially timely with the collective focus on shaping a sustainable and secure energy future.

SP’s Group CEO and President of AESIEAP Mr Stanley Huang, said, “SP Group and fellow AESIEAP members share a common goal of shaping a reliable, sustainable, and secure energy future. The AESIEAP CEO Conference enables insightful dialogue and presents opportunities for facilitating cooperation in the region’s energy transition. SP is committed to fostering initiatives like cross-border grid interconnectivity and energy imports. We look forward to fruitful interactions among member organisations, experts and agencies to spearhead action and create sustainable impact.”

Conference participants also visited the world’s largest underground district cooling network operated by SP at Marina Bay. 

Driving Regional Energy Transition and Collaboration

In a significant stride towards decarbonising the energy sector, SP PowerInterconnect (SPPI), a subsidiary of SP Group, has been established to support Singapore’s energy import initiatives and is the technical and development partner of the Energy Market Authority. This aligns with the nation’s target to import 6 GW of low-carbon electricity by 2035 and contributes to decarbonising the sector, which currently accounts for 40 per cent of the country’s carbon emissions.

Paving the Way for CEPSI 2025

In its two-year AESIEAP leadership tenure, SP will also host the 25th Conference of Electric Power Supply Industry (CEPSI) in Singapore next year. As AESIEAP’s flagship biennial event, CEPSI is expected to attract more than 1,000 delegates, further cementing Singapore’s role as a hub for thought leadership in energy innovation and sustainability and reinforcing SP’s commitment to driving transformative change across the energy landscape.

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Yotta to create end-to-end custom AI applications using platform services and NVIDIA NIM

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Yotta announces six innovative AI platform services under the Shakti Cloud platform.Shakti Cloud will be the first Indian platform to offer NVIDIA NIM microservices, providing access to leading AI models like Llama, Mistral and many others to help clients in healthcare, manufacturing, telecommunications, financial services and retail create custom generative AI agents and copilots. These models will be available through a token-based system and GPU seconds model, making AI more accessible for various industries. AI Lab Services will advance AI education in the country across schools, universities and startups by offering powerful cloud-based NVIDIA GPU workstations.Other new services, including AI Workspace, NVIDIA GPU-as-a-Service, Kubernetes Clusters and Serverless Computing for customers’ AI models, are dedicated to helping startups and enterprises build and deploy models swiftly and cost-effectively.

MUMBAI, India, Oct. 24, 2024 /PRNewswire/ — Yotta Data Services, a leader in AI sovereign cloud infrastructure, has unveiled six revolutionary AI platform services under its Shakti Cloud platform at the NVIDIA AI Summit in Mumbai, including NVIDIA NIM microservices.

These AI platform services are designed to accelerate AI adoption for businesses, researchers, and innovators by offering state-of-the-art capabilities at competitive prices. The launch marks a significant milestone in making AI more accessible, flexible, and powerful for organizations of all sizes. With offerings ranging from AI Lab as a Service to Serverless AI Inferencing, Shakti Cloud provides instant and cost-effective access to the essential tools and computing power required to drive large-scale AI innovation. With access to NVIDIA GPUs, Indian AI innovators now have a world-class solution in Shakti Cloud to achieve their AI goals within the country itself.

Shakti Cloud features an advanced orchestration layer and a self-service portal, integrating the NVIDIA AI Enterprise software platform along with various open-source software and libraries. This provides customers with a complete ML-ops environment, enabling them to work with multiple model training frameworks, perform data curation, annotation, and generation tasks, and leverage hundreds of pre-trained models to create their own fine-tuned models.

“We’re at the forefront of AI innovation,” said Sunil Gupta, Co-founder, CEO & MD of Yotta. “Our NVIDIA-accelerated AI solutions are crafted not just to support development but to supercharge it at an unprecedented scale, making AI more accessible for businesses, governments, and academic institutions alike.” He further added, “The future of AI is about speed, flexibility, and scalability. With Yotta’s AI solutions built with NVIDIA technology, we’re eliminating barriers and enabling organizations to push the boundaries of what’s possible in AI.”

“Shakti Cloud is empowering India’s AI-driven future by providing businesses with immediate and cost-effective access to the critical tools and computing power needed for large-scale AI innovation. This world-class platform gives Indian AI innovators the resources to pursue their goals domestically, helping businesses accelerate innovation, scale efficiently, and enhance global competitiveness. As a result, India is firmly establishing itself as a key player in the global tech arena,” said Darshan Hiranandani, Co-Founder & Chairman of Yotta.

India’s AI industrial revolution requires robust infrastructure and accessible tools to empower innovators across industries,” said Raj Mipuri, vice president, Enterprise and Cloud, NVIDIA. “The combination of NVIDIA’s cutting-edge technology with Yotta’s Shakti Cloud platform delivers a comprehensive ecosystem that democratizes AI development, enabling businesses, researchers, and startups to rapidly create and deploy advanced AI solutions that drive innovation and economic growth throughout the country.”

Instantly Deployable, Self-Service AI Solutions from Yotta

AI Lab as a Service: AI Lab as a Service is a power NVIDIA GPU workstation in the cloud designed for schools, universities, training institutes, research labs, and innovation hubs, providing a virtual space for hands-on AI learning & experimentation. It offers tools for collaborative research, model training, and simulations, all within a managed environment tailored to the needs of students, researchers, and faculty. Equipped with state-of-the-art technology and resources, these virtual labs will help promote AI education and advancement in the country on a massive scale and foster innovation across various fields.AI Workspace as a Service: AI Workspace as a Service provides pre-configured NVIDIA GPU environments with all necessary AI development tools. This allows developers to quickly set up and start developing, fine-tuning, or deploying their AI models on top-end GPUs without the hassle of managing infrastructure. It’s ideal for enterprises, startups, and research organizations looking to accelerate their AI development projects.Inferencing as a Service – Serverless: This service lets customers run inferencing on their AI models in a sovereign cloud, without managing the underlying infrastructure or bothering about the huge upfront costs otherwise associated with owning data center servers. The serverless architecture automatically scales based on workload, enabling real-time inferencing across large datasets. The pay-as-you-go model further reduces costs for AI-driven enterprises.Inferencing as a Service – API Endpoints: Yotta offers inferencing capabilities using popular open-source models like Llama and Mistral, along with NVIDIA NIM microservices for NLP, computer vision, and generative AI. This service provides access to high-quality, pre-built models, allowing enterprises and startups to quickly integrate them into applications without the need for large-scale training. By hosting these models locally on Shakti Cloud’s NVIDIA GPUs, Indian customers can save significant time and computational resources.GPU as a Service (GPUaaS): This service provides on-demand access to Yotta’s extensive GPU resources. Customers can rent NVIDIA GPUs by the hour or through subscription models, significantly lowering the upfront capital costs associated with managing AI infrastructure. It’s ideal for businesses focused on large-scale AI model training and inferencing.Kubernetes Cluster as a Services (K8SaaS): This service allows customers to deploy and manage custom-sized private Kubernetes clusters and run containerized applications effortlessly on Shakti Cloud’s infrastructure. With automated scaling and self-healing capabilities, organizations can focus on development rather than operations. K8SaaS enhances resource utilization and accelerates deployment cycles, making it ideal for businesses adopting a microservices architecture in a cloud-native environment.

With the launch of its AI platform, Yotta’s AI is delivering targeted solutions across industries, such as healthcare, BFSI, legal tech, and government. The integration of NVIDIA AI Enterprise software into Yotta’s SaaS offerings enables advanced capabilities such as large language models (LLMs), speech recognition, and multimodal AI services through NVIDIA NIM microservices and serverless inference platforms.

Yotta’s suite of AI products goes beyond providing the computational power needed for AI innovation. It offers a comprehensive approach to AI development, training and large-scale inferencing, making it a one-stop destination for all AI needs and empowering businesses to innovate faster and at greater scale than ever before.

About Yotta:

Yotta Data Services is an end-to-end digital transformation service provider offering cloud, AI cloud solutions, data center hosting, connectivity, and cybersecurity services; cyber-workspaces; managed applications; and a wide range of managed IT services. Yotta operates its cloud regions at its hyperscale data center parks in Panvel (Navi Mumbai) and Greater Noida (Delhi NCR). Yotta’s homegrown, open-source-based, feature-rich Sovereign hyperscale cloud, “Yntraa,” is MeitY empanelled (VCC and GCC) and is also deployed in large government-owned CSPs on a white labelled / PPP model. In addition, Yotta has launched Shakti Cloud, a cutting-edge platform that leverages advanced AI capabilities, providing enterprises with a comprehensive suite of AI services, including AI labs, AI workspaces, and serverless inferencing, alongside Kubernetes clusters with GPU resources.

Yotta has won numerous accolades and certifications, including RBI’s cybersecurity framework and localization framework, ISO 27017 for the protection of personal information in public cloud, ISO 27701 for Privacy Information Management (PIMS), PCI-DSS, SOC2-Type 2, and SOC3. For more information, visit www.yotta.com.

Media contact:
Nikhil Pradhan
Yotta Data Services
+91 9742 117306
npradhan@yotta.com

Navya Babbar
Archetype
+91 8373948780
navya.babbar@archetype.co

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Omega Healthcare Processes 60 Million Transactions with Enterprise AI and Automation from UiPath

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Omega Healthcare Named UiPath AI25 Award Winner at UiPath FORWARD

MUMBAI, India, Oct. 24, 2024 /PRNewswire/ — UiPath (NYSE: PATH), a leading enterprise automation and AI software company, announced that it is transforming operations for Omega Healthcare, a global leader in revenue cycle management, healthcare and clinical enablement services, through AI-powered automation.

Omega Healthcare was named an UiPath AI25 Award Winner at UiPath FORWARD, UiPath annual gathering of global AI and automation experts. The annual award program identifies the 25 most innovative UiPath customers using a combination of AI and automation as a strategic change enabler to accelerate bigger and bolder outcomes.

“We are honoured to be an AI25 Award Winner again this year, following the recognition last year as an inaugural AI10 Award Winner,” said Vijayashree Natarajan, SVP & Head of Technology, Omega Healthcare, who accepted the award at FORWARD. “We continue to innovate through our close collaboration with UiPath to harness the full power of automation, AI and generative AI to ultimately deliver significant outcomes for our customers.”

UiPath also included Omega Healthcare in its Gallery of Customer Achievement, featuring Omega Healthcare President Sumit Sachdeva highlighting the Company’s transformative AI-powered automation journey.

As part of its comprehensive digital transformation strategy, Omega Healthcare uses the UiPath Platform, including the AI Trust Layer and security governance features, to securely optimize workflows, enhance business value, stimulate growth, and increase profit margins for its clients. The UiPath platform enables Omega Healthcare to leverage advanced AI capabilities while ensuring transparency, security, compliance, and ethical governance in all automated processes, driving significant operational efficiencies and improved outcomes across its services.

With the adoption of UiPath, Omega Healthcare significantly streamlines its internal processes and sets a new standard in health documentation management. In just four years, UiPath automations have processed more than 60 million transactions at Omega Healthcare.

“Omega Healthcare is committed to pioneering technology solutions that empower healthcare organizations to deliver superior care while boosting financial performance. Together with UiPath, we are establishing an AI-driven ecosystem that realizes the full potential of healthcare for our customers,” said Rajusiva Arunachalam, VP, Head of Automation & AI at Omega Healthcare.

Turning AI potential into tangible business outcomes 

UiPath AI and automation is instrumental in helping Omega Healthcare address the challenges associated with the high-volume and high-intensity process of customer correspondence.

By leveraging the capabilities of UiPath Document Understanding, Omega Healthcare applies AI to automatically extract data from various document types. Automation frees Omega Healthcare’s medical specialists from time-consuming administrative tasks to allow them to focus on delivering strategic outcomes for customers.

The integration of Generative AI-powered automation enables Omega Healthcare to achieve its strategic goals, including improving operational efficiency, reducing claim denial rates, and enhancing patient engagement.

“AI-powered automation can help organizations streamline workflows and drive efficiencies, which has huge benefits such as substantial cost savings, improved accuracy, and increased productivity,” said Mark Gibbs, President, International at UiPath. “We are proud to enable the digital transformation journey at Omega Healthcare and look forward to working closely together to continue delivering the strongest outcomes for its customers.”

Toward a shared automation vision for the future 

After implementing UiPath, Omega Healthcare is experiencing a 100% increase in worker productivity and a 40% reduction in time spent on documentation tasks, monthly savings of 6,700 worker hours, a 50% reduction in turnaround time, and an impressive process accuracy of 99.5%. These improvements not only enhance operational efficiency and cost savings for Omega Healthcare’s customers, but also deliver a 30% return on investment within the first year.

UiPath is also playing a crucial role in supporting Omega Healthcare’s mission to enhance revenue cycle outcomes for its customers through the Omega Digital Platform. This platform is designed to assist healthcare organizations in streamlining workflows and improving financial performance by leveraging advanced technologies such as AI, robotic process automation (RPA), machine learning, and natural language processing. Omega Healthcare aims to utilize the UiPath AI Trust Layer to develop custom AI/ML models that optimize end-to-end automation processes, further enhancing the platform’s capabilities.

About Omega Healthcare

Founded in 2003, Omega Healthcare Management Services™ (Omega Healthcare) empowers healthcare organizations to deliver exceptional care while enhancing financial performance. We help clients increase revenues, decrease costs, and improve the overall patient-provider-payer experience through our comprehensive portfolio of technology-enabled and clinically led managed outsourcing solutions. Leveraging the Omega Digital Platform (ODP), customers benefit from the Company’s expertise in artificial intelligence (AI), generative AI, robotic process automation (RPA), bots, machine learning (ML), and natural language processing (NLP), to drive greater efficiency and accuracy.  Omega Healthcare has 30,000 employees across 14 delivery centers in the United States, India, Colombia, and The Philippines. For more information, visit www.omegahms.com.

About the UiPath AI25 Awards

The UiPath AI25 Awards acknowledge customers using AI and automation to supercharge productivity; transform customer and employee experiences; deliver substantial return on investment; and support corporate, environmental, social, and governance (ESG) initiatives. Customers across the globe were invited to submit applications detailing how they have used AI and automation to redefine what’s possible—not just in business, but in the way we work and live. The 25 winners were selected by a panel of expert judges for effectively articulating the business drivers, implementation, and results of their UiPath use case.

About UiPath 

UiPath (NYSE: PATH) develops AI technology that mirrors human intelligence with ever-increasing sophistication, transforming how businesses operate, innovate, and compete. The UiPath Platform™ accelerates the shift toward a new era of agentic automation—one where agents, robots, people, and models integrate seamlessly to enable autonomous processes and smarter decision making. With a focus on security, accuracy, and resiliency, UiPath is committed to shaping a world where AI enhances human potential and revolutionizes industries. For more information, visit www.uipath.com.

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IIITH’s social incubator hosts Roundtable on Startup Innovation in Climate Action

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AIC-IIITH successfully conducted a roundtable on Startup Innovation in Climate Action facilitating a dialogue between Startups, Innovators, Government, Corporates, Investors, Incubators, Academicians, Ecosystem Stakeholders.The discussion focused on topics like the necessity of collaboration between stakeholders, need for policy clarity to support the scaling of climate-tech startups both by government and corporates and gaps and opportunity related to access to capital.Prominent participants included Gareth Wynn Owen, British Deputy High Commissioner to Hyderabad, and other ecosystem stakeholders from across India.

HYDERABAD, India, Oct. 24, 2024 /PRNewswire/ — IIITH’s Social Incubator, AIC-IIITH, held a roundtable discussion on ‘Financial and Non-Financial Support for Startup Innovation in Climate Action’ at IIITH campus, Hyderabad. This collaborative event brought together key stakeholders to discuss challenges and solutions for supporting climate-tech startups through financial mechanisms, policy enhancements, and ecosystem collaboration.

Participants in the Roundtable included Gareth Wynn Owen, British Deputy High Commissioner to Hyderabad, and representatives from Research and Innovation Circle of Hyderabad (RICH) and IIITH. The event also included participants from EPAM Systems, State Street, Caspian, Climake, IEEMA, AIC-Synapses, Climate Collective, Sus Mafia, and notable climate-tech startups like Banyan Nation among others. Overall the roundtable featured 25 participants from a diverse mix of startups, investors, corporates, and policy stakeholders, all focused on advancing climate action through innovative solutions.

The roundtable discussions focused on key areas such as:

Access to Capital: Addressing the financial challenges faced by startups, with insights into venture capital, CSR funding, green bonds, and impact investing.Policy Support: Participants emphasized the need for streamlined policies that provide incentives and clarity to climate-tech entrepreneurs.Ecosystem Building: Collaboration between incubators, corporates, and startups was highlighted as crucial for fostering innovation in climate action.

Highlighting one of core issues of mismatch in the sector, Ms. Simmi Sareen of Climake (a Climate Finance Platform) pointed out that while startups find it difficult to access capital, investors too cannot find good climate startups to deploy their capital. She also suggested the young founders of climate startups need to articulate their stories very clearly in terms of how they plan to grow their business; what their comparative advantages are and what gaps in problems are they solving.

Ravi Sarkunan, CEO of AIC-IIITH, remarked, “Climate action is one of the most pressing challenges of our time, and startups play a critical role in offering innovative solutions. This roundtable brings together diverse stakeholders who can collectively enable these startups to overcome hurdles and make a meaningful impact.”

AIC-IIITH will soon publish the summary of the round table as white paper for the benefit of the wider ecosystem and hopes to build momentum around climate action efforts going forward.

About AIC-IIITH:

AIC-IIITH is an Atal Incubation Center at IIIT Hyderabad, focused on incubating and supporting technology-based social enterprises. AIC-IIITH’s mission is to leverage entrepreneurial energy and technological innovation to address critical societal challenges, including climate change, and to help India meet the UN Sustainable Development Goals (SDGs). The incubator offers startups access to resources, mentorship, and financial support, creating a robust environment for innovation. More info at  https://aic.iiit.ac.in/

About IIIT-Hyderabad: The International Institute of Information Technology, Hyderabad (IIITH) is an autonomous research university founded in 1998 that focuses on the core areas of Information Technology, such as Computer Science, Electronics and Communications, and their applications in other domains through interdisciplinary research that has a greater social impact. Some of its research domains include Visual Information Technologies, Human Language Technologies, Data Engineering, VLSI and Embedded Systems, Computer Architecture, Wireless Communications, Algorithms and Information Security, Robotics, Building Science, Earthquake Engineering, Computational Natural Sciences and Bioinformatics, Education Technologies, Power Systems, IT in Agriculture and e-Governance.

Website: www.iiit.ac.in

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