Latest News

Consumer Reports Rates Apple Pay As The Best P2P Payment Service

Wednesday August 8 th 2018

(RTTNews) – Consumer Reports has rated Apple Pay as the highest-rated mobile peer-to-peer payment service.

Consumer Reports compared Venmo, Square’s Cash App, Facebook P2P Payments in Messenger, Zelle, and Apple Pay Cash. The test rated Apple’s payment service as the better one as “overall rating was significantly higher than for the other services.”

According to Consumer Reports, each of the five services that it tested were “good enough to use.”

Apple Pay received the top overall score of 76, while Venmo came in at second with 69 points. Square Cash received 64, while Facebook Messenger payments scored 63 and Zelle came in at last with 50.

The overall score was based on payment authentication, data security, data privacy, customer support and broad access.

Apple Pay was the only service that got top marks from Consumer Reports for data privacy, as the tech giant limits it the amount of data it collects shares on users and their transactions. The company does not store credit card or debit card numbers.

However, the only drawback about Apple Pay, which Consumer Reports noted, was that to use Apple Pay a consumer required specific latest Apple iPhones and software.

An Apple spokesperson told CR that “Apple Pay Cash is unique from an ease of use, privacy, and security standpoint, as Apple Pay Cash functions seamlessly through hardware, software, and the service all combined.”

Zelle, a service used by about 150 U.S. banks and credit unions, was rated good overall. However, it was the only service that ranked below average on data security and data privacy.

Consumer Reports says that Venmo, Cash App, and Facebook P2P Payments in Messenger are “very good performers.” However, all three of these iOS and Android-friendly services received only fair scores for data privacy.

Tesla’s board of directors says Elon Musk brought up going private last week (TSLA)

elon muskFred Prouser / Reuters

  • The Board of Directors for Tesla said in a statement issued on Wednesday that company CEO Elon Musk had brought up the notion of taking the company private last week. 
  • Musk announced on Twitter on Tuesday that he is considering taking Tesla private at $420 per share. 
  • Some industry commentators have wondered if Musk opened himself up to legal ramifications because of the nature of his public announcement. 

Tesla’s Board of Directors said in a statement issued on Wednesday that company CEO Elon Musk had brought up the notion of taking the company private last week, prior to his public Tweets on Tuesday afternoon. 

In a statement issued on the Tesla company website, Board of Directors members Brad Buss, Robyn Denholm, Ira Ehrenpreis, Antonio Gracias, Linda Johnson Rice, and James Murdoch wrote:

“Last week, Elon opened a discussion with the board about taking the company private. This included discussion as to how being private could better serve Tesla’s long-term interests, and also addressed the funding for this to occur. The board has met several times over the last week and is taking the appropriate next steps to evaluate this.” 

Venture capitalist Steve Jurvetson and Kimbal Musk, Elon’s brother, are also board members but are not listed among those who are included in making the statement.

Musk shocked the business world on Tuesday when he publicly announced in a series of tweets he may take the electric car company private at $420 a share. 

“Am considering taking Tesla private at $420. Funding secured,” Musk first said via Twitter before issuing a formal statement on the company’s website.

In the formal statement, Musk wrote “a final decision has not yet been made, but the reason for doing this is all about creating the environment for Tesla to operate best.” Musk cited a desire to leave behind the distractions brought on by stock market trading and operate without the pressures of quarterly earnings cycles. 

“I fundamentally believe that we are at our best when everyone is focused on executing, when we can remain focused on our long-term mission, and when there are not perverse incentives for people to try to harm what we’re all trying to achieve,” he said.

But Musk’s tweets about going private created an immediate firestorm, with some industry experts wondering if he opened himself up to legal liabilities by announcing his intentions to leave the market prior to a unified corporate statement with his board of directors. 

Tesla’s stock soared following Musk’s tweets, reaching as high as $371.15 per share after trading around $361 in early afternoon trading on Tuesday. 

Other industry experts cast doubt on the feasibility of Musk’s plan to pull off a buyout of Tesla. 

Musk said in his statement that a shareholder vote must be held before a final decision is made. But he also tweeted that investor support was confirmed, only that it was contingent on a shareholder vote.

Dell EMC Accelerates Artificial Intelligence Adoption for Digital Transformation

Tuesday August 7 th 2018

HOPKINTON, Mass., Aug. 7, 2018 /PRNewswire/ –

News Summary:

  • Dell EMC Ready Solutions for AI deliver up to 2x1 the performance of the competition
  • Research shows Dell EMC Ready Solutions for AI can improve data scientist productivity by up to 30% and reduce time-to-operations by 6-12 months2  
  • New Data Science Provisioning Portal from Dell EMC reduces the steps to configure a data scientist’s workspace to just 5 clicks  
  • Dell EMC Consulting speeds time-to-value of complete AI solutions – customers can choose ProSupport Plus to keep them running 24×7 with a single-point-of-contact for hardware and software support  

Full Story:                       

Dell EMC announces the availability of new Ready Solutions for AI, with specialized designs for Machine Learning with Hadoop and Deep Learning with NVIDIA. The Dell EMC Ready Solutions simplify AI environments, deliver faster, deeper insights than the competition1, and leverage Dell EMC’s proven expertise to help organizations realize the full potential of AI.

“There’s no doubt that AI is the future, and our customers are preparing for it now,” said Tom Burns, senior vice president, Networking Solutions, Dell EMC. “Our goal is to lead the industry with the most powerful and fully-integrated AI solutions. What we’re announcing today allows customers at any scale to start seeing better business outcomes and positions them for AI’s increasingly important role in the future.”

Emerging technologies such as AI will transform lives and how people work and conduct business over the next decade. According to Dell Technologies’ research with 3,800 business leaders around the globe, conducted in partnership with VansonBourne, nearly 80% of organizations will be investing in advanced AI technologies within the next five years.

Dell EMC Ready Solutions for AI

AI is increasingly a strategic priority for most organizations. However, deploying and managing AI workloads is complex, costly, and requires extensive integration and testing of the hardware and software.

The new Dell EMC Ready Solutions for AI were built to simplify AI, deliver faster, deeper insights, and leverage Dell EMC’s proven AI expertise. Organizations no longer have to individually source and piece together their own solutions. Instead, they can rely on a Dell EMC-designed and validated set of best-of-breed technologies for software – including AI frameworks and libraries – with compute, networking and storage. Dell EMC’s portfolio of services from consulting to deployment, support and education helps customers drive the rapid adoption and optimization of their AI environments.

Dell EMC Ready Solutions for AI were designed to help organizations:

Simplify AI                                                                                    

  • Improve overall data science productivity up to 30% and reduce time-to-operations by 6-12 months compared to do-it-yourself2
  • Dell EMC’s Data Science Provisioning Portal offers an intuitive GUI that provides self-service access to hardware resources and a comprehensive set of AI libraries and frameworks such as Caffe and TensorFlow, reducing the steps it takes to configure a data scientist’s workspace to just five clicks  

Obtain Faster, Deeper AI Insights

  • Experience up to 2x the performance of the competition with Ready Solutions for AI’s distributed, highly scalable architecture1
  • Improve model accuracy with fast access to larger data sets with Dell EMC Isilon’s All-Flash scale-out design delivering up to 21x the capacity and up to 18x  the throughput in a single cluster compared to the competitors3

Leverage Proven AI Expertise

  • Bridge the gap between the data science, IT and lines of business with expert guidance from Dell EMC Consulting
  • Optimize solution design by working with experts in Dell EMC’s HPC and AI Innovation Lab which helped one customer improve CheXNet by up to 46x using 32 Nodes by parallelizing the code, reducing training time from 5 hours per epoch to 7 minutes, a 98% improvement4

Ready Solutions for AI: Deep Learning with NVIDIA:

Dell EMC and NVIDIA engineered this deep learning design to be built around Dell EMC PowerEdge servers with NVIDIA® Tesla® V100 Tensor Core GPUs. Key features include:

  • Dell EMC PowerEdge R740xd and C4140 servers with four NVIDIA Tesla V100‑SXM2 Tensor Core GPUs. With 640 tensor cores, the Tesla V100 was the first to break the 100 teraFLOPS barrier for deep learning performance5
  • Dell EMC Isilon F800 All-Flash Scale-out NAS storage for a deep learning enables analyzing large datasets concurrently for faster results
  • Bright Cluster Manager for Data Science in combination with the Dell EMC Data Science Provisioning Portal to set up, provision, monitor and manage the cluster

Dell EMC Ready Solutions for AI: Machine Learning with Hadoop: Dell EMC Ready Solutions for AI, Machine learning with Hadoop builds on the power of tested and proven Dell EMC Ready Solutions for Hadoop, created in partnership with Cloudera and Intel Corporation. This design includes an optimized solution stack, along with data science and framework optimization to get up and running quickly, and allows expansion of existing Hadoop environments for machine learning.

Key features include:

  • Dell EMC PowerEdge R640 and R740xd servers
  • Cloudera Data Science Workbench – for fast, easy and secure self-service data science for the enterprise.
  • Apache Spark – the open source unified data analytics engine for Big Data and Machine Learning
  • Dell EMC Data Science Provisioning Engine – provides pre-configured containers allowing data scientists access to the Intel® BigDL distributed deep learning library on the Spark framework,

Dell EMC Services for AI

New Dell EMC Consulting services are available to help customers implement and operationalize the Ready Solution technologies and AI libraries, and scale their Data Engineering and Data Science capabilities. Designed to accelerate the time-to-value for customers through strategic guidance, expert integration and knowledge transfer, the services also include providing architectural recommendations and advising on industry-proven best practices, tools, and processes.

Once deployed, highly-trained ProSupport experts provide comprehensive hardware and collaborative software support to help ensure optimal system performance and minimize downtime. Customers can also opt for ProSupport Plus to get a Technology Service Manager who provides a single point-of-contact for both hardware and software support. Dell EMC Education Services offers courses and certifications on Data Science and Advanced Analytics and workshops on Machine Learning in collaboration with NVIDIA.

Quotes

“One of the keys to Precision Medicine is being able to analyze the human genome, find abnormalities, then target them with specific treatments,” said James Lowey, CIO TGEN. “Data sets using multiple inputs are becoming so massive, we must rely on Artificial Intelligence (AI) to help make sense of it all.  Dell EMC is a critical partner as we push the science forward, as it gives us a simple scale-out solution to manage and consume petabytes of data and to expedite genome processing from weeks to hours.  When it comes to research that saves lives, where seconds matter, we rely on Dell EMC.”

“Interest and awareness of AI is at a fever pitch. Every industry and every organization should be evaluating AI to see how it will affect their business processes and go-to-market efficiencies,” said David Schubmehl, research director, Cognitive/Artificial Intelligence Systems at IDC. “IDC has estimated that by 2019, 40% of digital transformation initiatives will use AI services and by 2021, 75% of enterprise applications will use AI.”

“AI is being driven by leaps in GPU computing power that defy the slowdown in Moore’s Law,” said Ian Buck, vice president and general manager, Accelerated Computing Group, NVIDIA. “Dell EMC Ready Solutions for AI with Tensor Core GPUs empower AI developers to tackle some of the greatest challenges of our time.”

“Dell EMC and Cloudera have partnered to include Cloudera Data Science Workbench in their Ready Solutions for AI. This enables Dell EMC customers deploying Cloudera Data Science Workbench to accelerate machine learning with the ability to build, scale and deploy solutions with a secure, self-service enterprise data platform,” said Hilary Mason, general manager of Machine Learning at Cloudera. “This means IT organizations can bring data science to their data, while data scientists can access, collaborate and manage their data in a way that best suits them and their enterprise, resulting in an easier and faster path to production.”

“Organizations spend precious and costly time gathering, configuring, testing and troubleshooting machine learning environments for data scientists, at the expense of time delivering business insights,” said Bill Wagner, CEO of Bright Computing. “Dell EMC Ready Solutions for AI, with Bright Cluster for Data Science, makes it easier to get  machine learning environments up and running in a cluster-ready environment to automatically scale as demand for deep learning capacity grows.” 

Availability:

The Dell EMC Ready Solutions are available now in the United States.   Availability rolls out in Brazil, Canada, Mexico, France, Germany, UK, Australia, China, India and Japan within 60 days.

Additional Resources:

Dell EMC

Dell EMC, a part of Dell Technologies, enables organizations to modernize, automate and transform their data center using industry-leading converged infrastructure, servers, storage and data protection technologies. This provides a trusted foundation for businesses to transform IT, through the creation of a hybrid cloud, and transform their business through the creation of cloud-native applications and big data solutions.  Dell EMC services customers across 180 countries – including 98 percent of the Fortune 500 – with the industry’s most comprehensive and innovative portfolio from edge to core to cloud.

Copyright © 2018 Dell Inc. or its subsidiaries. All Rights Reserved. Dell, EMC and other trademarks are trademarks of Dell Inc. or its subsidiaries. Other trademarks may be trademarks of their respective owners. 

1 Based on an Enterprise Strategy Group Technical Review “Accelerating the Artificial Intelligence Journey with Dell EMC Ready Solutions for AI”,August 2018
2 Based on a Forrester Total Economic Impact Study commissioned by Dell EMC, May 2018
3 Compared to closest competitor based on Dell EMC internal analysis, June 2018
4 Based on Dell EMC AI internal engineering testing on CheXNet, a model for identifying thoracic pathologies from the NIH ChestXray14 dataset developed at Stanford University. Results achieved using Horovod framework for parallelizing a Keras-based model on 32 Dell EMC Power Edge C6420 servers with 2 Intel Xeon Scalable Gold 6148 sockets each, June 2018.  Solution not intended to provide diagnoses. Actual results will vary
5 Based on NVIDIA public claim: https://www.nvidia.com/en-us/data-center/tesla-v100/

Dell EMC

Cision View original content with multimedia:http://www.prnewswire.com/news-releases/dell-emc-accelerates-artificial-intelligence-adoption-for-digital-transformation-300693271.html

SOURCE Dell EMC

Public Notice

GATINEAU, QC, Aug. 7, 2018 /CNW/ - Public Services and Procurement Canada (PSPC) wishes to advise users that the Alexandra Bridge will be closed for the Casino du Lac-Leamy Sound of Light event during the following periods:

  • Wednesday, August 8, from 8:30 pm to 10:15 pm
  • Saturday, August 11, from 8:30 pm to 10:15 pm
  • Wednesday, August 15, from 8:30 pm to 10:15 pm
  • Saturday, August 18, from 8:30 pm to 10:15 pm

No vehicular traffic will be permitted on the bridge during these periods. These closures also affect the boardwalk.

For more information, please call the Sound of Light office at 819-771-3389 or visit the event website. 

PSPC thanks users for their patience and collaboration during this event.

Follow us on Twitter

Follow us on Facebook

 

SOURCE Public Services and Procurement Canada

US Aviation Group Takes its Asset Accounting Processes to Soaring Heights with RAM’s Best of Breed Software

DES MOINES, Iowa, August 7, 2018 /PRNewswire/ –

US Aviation Group (USAG) has selected Real Asset Management’s (RAM) fixed asset accounting software to better manage the depreciation of its 2,000+ assets across three sites. The new software will replace its largely manual based processes which had become not only onerous to maintain, but lacked the financial reporting capability required.

     (Logo: https://mma.prnewswire.com/media/615025/RAM_Logo.jpg )

As a Federal Aviation Administration approved CFR Part 141 flight academy, USAG is a leading provider of ab-initio flight training services to students around the world. With 240 staff employed across its three North Texas campuses, it trains over 400 cadets annually from ‘zero time’ to Commercial pilot. The organization prides itself on being one of the top choices for aviation education, providing the highest quality of flight instruction and training possible.

USAG will use RAM’s fixed asset accounting software to centrally record and track all financial information relating to its $21.5M asset base, consisting of such items as fixed and rotor wing aircraft, flight simulators, leasehold improvements, furniture, and computer equipment. Justin Sykes, Assistant CFO at USAG comments, “We had previously been using a combination of spreadsheets and another fixed asset program to manage depreciable assets and generate reports, however, the software did not allow for units-of-activity depreciation, a key requirement for USAG, which depreciates certain aircraft components over their hour-limited lives.”

Sykes continues, “Being able to manage our complex depreciation requirements within one system going forward will massively simplify the process and enable us to confidently provide our auditors with accurate financial data.”  

Keen to set in place a more structured approach to managing its assets and to benefit from improved time and cost efficiencies, USAG went in search of a specialist solution and quickly realized that RAM’s proven asset accounting software ticked all boxes. Sykes comments, “RAM’s system was the most user friendly and feature rich, that was coded with the correct accounting ‘logic’, including a full understanding of our different depreciation methods.”

Another key factor in USAG’s decision to select the software was its flexibility to add custom fields to track insurance and property tax values on assets, while also providing the ability to link related assets with parent/child dependencies. Its excellent reporting capabilities and facility to create custom reports further sealed the deal, in particular, being able to report net book value and total insured value by airframe.

“We anticipate to save approximately 2-3 hours of our assistant controller’s time each month by shelving our cumbersome spreadsheet-based system,” comments Sykes. He continues, “However, we believe the greatest benefit will be realized at year-end when we have to generate a fixed asset rollover complete with detailed addition/disposal reports. This process previously took days, which we now expect to complete within a few hours.”

Sykes concludes, “I am very impressed so far with the software and level of expertise and professionalism demonstrated by our on-boarding specialist and look forward to getting up and running with the system to improve efficiencies and productivity across the organization.”

About Real Asset Management 

Real Asset Management (RAM), an MRI Software Company, is a leading provider of fixed asset management and logistics software  services. Over the last 30 years, its products have been implemented at thousands of customer sites worldwide.

RAM maintains a global presence with offices located around the world. The product range includes modules for fixed asset accounting, lease accounting, asset tracking, maintenance management, and facilities management, making it a powerful and flexible solution to meet all requirements and financial regulations. 

The company has developed a powerful range of software modules around a central data repository that enables organizations of any size to manage every aspect of the asset lifecycle.  

For further details please contact:
Karen Waite, Marketing Manager
Real Asset Management, An MRI Software Company
Email: kwaite@realassetmgt.com