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Roots Automation Releases Whitepaper on Unstructured Data Challenges and Opportunities for Insurers

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Highlights the significant impact AI can have on insurance underwriting and claims teams

NEW YORK, Nov. 18, 2024 /PRNewswire/ — Roots Automation, creator of the AI-powered Digital Coworker and InsurGPT™, the world’s first generative AI model for insurance, today announced the availability of a new whitepaper, “Solving the Insurance Industry’s Unstructured Data Challenge with AI.” The whitepaper, being released at Guidewire Connections 2024, provides an overview of the challenges and opportunities available to insurance leaders seeking to transform unstructured natural-language data – which constitutes around 80% of all data across insurance according to Accenture – into structured, machine-readable “decision data.”

Revenue leakage due to inefficient underwriting and claims represents significant loss for insurers. According to AM Best, in 2023, Property and Casualty underwriting losses totaled over $21 billion. One of the main drivers of this lost value is insurers’ inability to easily and effectively transform unstructured data into structured data for informing underwriting and claims decisions.

With human power being one of the most common solutions for trying to address the ever-growing amount of unstructured data, the information inside this data is often incompletely analyzed, misread or unused. Also, the insurance industry’s dependency on human experts to perform non-core and administrative activities (e.g., manually entering and reworking information from insurance documents) will contribute to an estimated $85$160 billion in value lost to inefficiency by 2027, per an Accenture study.

The opportunity exists to prevent these losses by maximizing efficiency and effectiveness across underwriting and claims operations. Accenture forecasts that Generative AI will potentially automate up to 62% of underwriting and claims processes – a critical step in increasing the value created by human experts by enabling them to concentrate exclusively on higher-value tasks, rather than focusing on incorporating and attempting to understand unstructured data for decision-making. Additionally, according to Swiss Re, by using AI to extract insights from unstructured data sources, insurers can see a 12-25% improvement in their loss ratio compared with companies that don’t use these technologies.

“The insurance industry’s unstructured data challenge is massive, but for companies that effectively harness this information, the opportunities are equally as significant,” said Chaz Perera, CEO and co-founder of Roots Automation. “AI-driven solutions empower insurers to discover the value

hidden in their documents by delivering critical decision data into underwriting and claims management workflows. This enables underwriting and claims teams to be more efficient and concentrate on creating greater value through customer engagement with top-notch service and enhanced insurance products.”

Roots Automation is a Guidewire Insurtech Vanguard and sponsor of Guidewire Connections, being held November 17-20 in Nashville, TN, and the whitepaper is available at the Roots booth, V8.

For a copy of Roots’ whitepaper, visit: https://marketing.rootsautomation.com/hubfs/2024-Whitepaper-Unstructured-Data/Solving-Unstructured-Data-Whitepaper-Roots-Automation.pdf?utm_source=pr&utm_medium=article.

About Roots Automation
Roots Automation combines machine intelligence and human ingenuity in the form of advanced AI that reads, reasons and infers like humans. Roots’ AI is trained on millions of non-public insurance documents, workflows and systems and continuously learns through interactions with human teams. Roots Automation enables leading brands to liberate their teams from high-volume, complex workflows allowing them to focus on what truly matters – delighting customers with superior service and care. Roots Automation is based in New York and was founded in 2018. For more, visit www.rootsautomation.com.

Media Contacts
Market Street Group
Jessica Mularczyk
jessica@marketstreetgrp.com

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SOURCE Roots Automation Inc

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Mega Matrix Inc. Announced that Romantic Drama Micro-drama “Runaway Billionaire Becomes My Groom” Now Streaming on FlexTV

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SINGAPORE, Jan. 13, 2025 /PRNewswire/ — Mega Matrix Inc. (NYSE American: MPU) announced that the romantic drama short drama Runaway Billionaire Becomes My Groom has officially launched on FlexTV, the leading global short-form streaming platform operated by Mega Matrix Inc. (NYSE American: MPU), as of January 9. What begins as a hasty engagement driven by impulsive emotions unexpectedly leads the two protagonists on a passionate and healing journey of love.

Liana, in a moment of extreme heartbreak, impulsively marries Jacob, a billionaire with hidden secrets. As time passes, their relationship gradually develops into something sincere and deep. However, their love faces serious challenges when confronted with meddling exes, family disputes, and corporate power struggles.

Liana’s ex-boyfriend, still holding on to feelings for her, attempts to sabotage her new life, while Jacob finds himself entangled in fierce power struggles within his company, threatening their fragile new relationship.

MPU operates the globally leading short-form streaming platform FlexTV, currently offering short-form content in over 100 countries, with versions in multiple languages including English, Japanese, Korean, Portuguese, Spanish, French, and Arabic. FlexTV has gained global popularity for its high-quality content and exceptional user experience. Runaway Billionaire Becomes My Groom is now available for streaming on FlexTV, showcasing to viewers that true love requires mutual effort and understanding, as well as the courage to face and overcome the various challenges life presents. For more exciting content, please visit https://www.flextv.cc/.

#LoveAfterMarriage #Romance #Urban #Billionaire #ShortSeries #FlexTV #MPU

About Mega Matrix Inc.: Mega Matrix Inc. (NYSE American: MPU) is a holding company and operates FlexTV, a short-video streaming platform and producer of short dramas, through its subsidiary, Yuder Pte, Ltd.. Mega Matrix Inc. is a Cayman Island corporation headquartered in Singapore. For more information, please contact info@megamatrix.io or visit: http://www.megamatrix.io.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. All statements in this press release other than statements that are purely historical are forward looking statements. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose,” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees for future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, are: the ability to manage growth; ability to identify and integrate future acquisitions; ability to grow and expand our FlexTV business; ability to execute the strategic cooperation with TopReels, ability to obtain additional financing in the future to fund capital expenditures; ability to establish the investment fund with 9 Yards Communications under the memorandum of understanding; fluctuations in general economic and business conditions; costs or other factors adversely affecting the Company’s profitability; litigation involving patents, intellectual property, and other matters; potential changes in the legislative and regulatory environment; a pandemic or epidemic; the possibility that the Company may not succeed in developing its new lines of businesses due to, among other things, changes in the business environment, competition, changes in regulation, or other economic and policy factors; and the possibility that the Company’s new lines of business may be adversely affected by other economic, business, and/or competitive factors. The forward-looking statements in this press release and the Company’s future results of operations are subject to additional risks and uncertainties set forth under the “Risk Factors” in documents filed by the Company’s predecessor, Mega Matrix Corp., with the Securities and Exchange Commission, including the Company’s latest annual report on Form 10-K, as amended, and are based on information available to the Company on the date hereof. In addition, such risks and uncertainties include the Company’s inability to predict or control bankruptcy proceedings and the uncertainties surrounding the ability to generate cash proceeds through the sale or other monetization of the Company’s assets. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this press release.

Disclosure Channels

We announce material information about the Company and its services and for complying with our disclosure obligation under Regulation FD via the following social media channels:

The Company will also use its landing page on its corporate website (www.megamatrix.io) to host social media disclosures and/or links to/from such disclosures. The information we post through these social media channels may be deemed material. Accordingly, investors should monitor these social media channels in addition to following our website, press releases, SEC filings and public conference calls and webcasts. The social media channels that we intend to use as a means of disclosing the information described above may be updated from time to time as listed on our website.

 

 

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SOURCE Mega Matrix Inc.

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Wi-Charge Empowers Large Format E Ink Posters with Wireless Electricity, Unlocking Limitless Communication Across Industries

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TEL AVIV, Israel, Jan. 13, 2025 /PRNewswire/ — Wi-Charge, the global leader in wireless electricity, announced today that it is now powering E Ink’s large-format Spectra 6 color panels. E Ink poster-size displays, ranging from 13 inches to 40 inches in size, can now be powered over the air and be installed anywhere without laying cables or replacing batteries. The combined Wi-Charge and E Ink technology, called the Wi-Poster, dramatically opens up opportunities for organizations to deliver the right messages at the right place to their customers, without limitations.

Wi-Charge’s breakthrough and patented infrared wireless electricity eliminates the significant cost and complexity of installing and moving digital signage, even in hard-to-reach areas. By safely and efficiently delivering electric power over the air through infrared light, Wi-Charge simplifies operations, reduces maintenance costs, and offers a sustainable, flexible solution for digital signage across a wide range of industries.

“We are excited to extend the impact and reach of E Ink displays through Wi-Charge wireless power, enabling organizations to make frequent updates to their content without limitations,” said Ori Mor, co-founder and chief business officer, Wi-Charge. “By removing the constraints of wires and batteries, Wi-Charge and E Ink are revolutionizing how businesses engage their audiences and easily deliver dynamic, timely messaging.”

Wi-Poster from Wi Charge delivers a number of new capabilities and benefits to companies using E-Ink, including:

Durable, One-Sided or Double-Sided Displays: The elegant Wi-Poster display is made with premium Gorilla Glass.Deliver Fresh and Timely Messages: By eliminating concerns about draining batteries from overuse, organizations can update content on the E Ink displays as many times as they want.Flexible Positioning: Wi-Charge wireless power enables organizations to position the Wi-Poster E Ink display in the ideal place where it can be seen, not where the nearest plug is located.Broad Relevance Across Industries: From retail to financial institutions to transit hubs, Wi-Charge adapts to each unique environment, offering a seamless solution for digital signageSustainable: By delivering reliable, energy-efficient power to E Ink displays high-wattage LCDs, paper waste and cable installations are eliminated.

“C3 customers rely on us to provide the ideal technology solutions to drive their businesses forward, and Wi-Charge’s wireless power solutions change the game and open up unimaginable possibilities,” said Tony Mahadevan, CEO, C3 Labs. “Through the integration of wireless power with E Ink’s poster-size displays, C3 can offer digital signage to offices and retail space, eliminating their concerns about wires or frequent charging.”

“Today’s hyper-connected consumers expect seamless, immersive in-store experiences that integrate digital interactions at the point of engagement,” said Jason Elmaleh, CEO, Commersive Solutions. “Partnering with Wi-Charge, we’re combining E Ink displays with wireless power to help retailers deliver timely and impactful messages without relying on costly, hardwired solutions. At Commersive, we’re committed to driving the future of retail through smarter, more dynamic in-store solutions.”

For organizations interested in getting additional information on the E Ink displays powered by Wi-Charge, please contact info@wi-charge.com or visit www.wi-charge.com/wi-poster

About Wi-Charge
Wi-Charge is a long-range wireless power company founded to enable automatic charging of cell phones and other smart devices. Our patented infrared wireless power technology can safely and efficiently deliver several watts of power to client devices over room-sized distances. Giving end-users freedom and product designers the power they need for the next generation of mobile smart devices, Wi-Charge is the power of the future, beyond batteries and power cords. For more information, visit http://www.wi-charge.com or follow us on LinkedIn.

Contact
Merrill Freund
merrill@freundpr.com
415-577-8637

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SOURCE Wi-Charge

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Stratejm Launch First MSSP Offering in Canada Featuring Nozomi Networks Vantage Cloud Platform for Unified Security Monitoring and Risk Management

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TORONTO, Jan. 13, 2025 /CNW/ — Nozomi Networks, a leader in operational technology (OT) and Internet of Things (IoT) cybersecurity, and Stratejm, a Bell Canada Company, Canada’s premier Managed Security Service Provider (MSSP), are excited to announce Stratejm as the first MSSP in Canada to integrate the Nozomi Vantage™ cloud platform. This collaboration brings a breakthrough in comprehensive security monitoring and risk management across OT, IoT, IT, edge, and cloud assets – all unified through a single pane of glass.

Stratejm’s renowned Security-as-a-Service (SECaaS) will now offer customers the Nozomi Vantage platform, which extends security visibility, asset management, and risk assessment across an unlimited number of sites, regions, and teams. With this integration, Stratejm will empower Canadian enterprises to leverage Nozomi’s cutting-edge technology through a scalable and seamless service, enabling advanced vulnerability assessment, threat detection, and response.

“As the first MSSP in Canada to offer the Nozomi Vantage platform, we are thrilled to continue advancing Stratejm’s cybersecurity solutions, now with unparalleled support for OT and IoT environments,” said John Menezes, President & CEO of Stratejm. “Through our Security-as-a-Service platform, we are addressing the expanding digital landscape and meeting Canadian enterprises’ needs for a unified, scalable, and cost-effective security solution.”

The Nozomi Vantage cloud platform provides customers with:

Single Pane of Glass Visibility: A unified dashboard that simplifies security management across OT, IoT, IT, edge, and cloud environments.Enhanced Asset Management: A comprehensive view of all assets across multiple locations to identify and manage critical systems and endpoints.Advanced Threat Detection and Response: Streamlined detection, investigation, and response capabilities across OT, IoT, and IT environments.Integrated Vulnerability Management: Continual assessment of potential vulnerabilities to proactively mitigate risk.

“Partnering with Stratejm to deliver the Nozomi Vantage platform as a managed service is a significant milestone in bringing powerful, real-time security monitoring to Canada’s critical infrastructure and enterprise sectors,” said Cade Stephens, Nozomi Networks Head of Worldwide Partner Sales. “With Stratejm’s extensive cybersecurity expertise and the Vantage platform, Canadian organizations can rely on a trusted, comprehensive solution that meets the demands of today’s complex security landscape.”

Stratejm’s SECaaS offering is recognized for its market-leading approach, powered by advanced automation and rapid time-to-containment capabilities. The Nozomi Vantage platform will further enhance Stratejm’s cybersecurity mesh architecture, providing seamless integration across Guardian sensors, Arc endpoints, and other digital assets.

Stratejm and Nozomi Networks are excited to provide Canadian enterprises with this integrated solution, reinforcing Stratejm’s mission to deliver leading-edge cybersecurity and risk management across all operational environments.

For more information about Stratejm’s Security-as-a-Service platform with the Nozomi Vantage integration, please visit www.stratejm.com or www.nozominetworks.com.

About Nozomi Networks 
Nozomi Networks accelerates digital transformation by unifying cybersecurity visibility and resilience for industrial, OT, and IoT environments. Through advanced network monitoring, asset intelligence, and threat intelligence, Nozomi Networks helps organizations defend critical assets against cyber threats. Nozomi’s solutions are trusted by the world’s largest enterprises across multiple sectors.

About Stratejm
Stratejm, a Bell Canada Company is Canada’s leading MSSP, delivering Security-as-a-Service (SECaaS) and Managed Detection and Response (MDR) solutions tailored to the needs of Canadian enterprises. As a Bell Canada company, Stratejm continues to set the standard for cybersecurity through its integrated mesh architecture and industry-leading automation, enabling rapid threat detection and response across IT, OT, and IoT environments.

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SOURCE Nozomi Networks

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