IBM Employs AI to Convert COBOL Code into Java
IBM has introduced Code Assistant for IBM Z, a solution designed to modernize COBOL applications using AI. This tool employs a code-generating AI model called CodeNet to translate COBOL code into Java, aiming to simplify the complex and costly process of migrating COBOL applications. Code Assistant supports the complete application modernization life cycle and is capable of understanding various programming languages. While automated COBOL-to-Java conversion tools exist, IBM's approach focuses on preserving COBOL's capabilities while reducing costs and maintaining code quality. However, it's important to review code produced by Code Assistant for potential vulnerabilities before deployment. IBM's investment in code-generating AI tools reflects its commitment to the future of hybrid computing environments.
Our innsights: Elevate your application modernization with AI-driven development. At InnoWave, we're excited to introduce our AI-driven development expertise considering IBM's groundbreaking launch, Code Assistant for IBM Z. This innovative AI solution translates COBOL code into Java, offering a unique opportunity to revolutionize your application modernization efforts. Embrace AI-driven development to unlock enhanced application performance and maintain competitiveness. Let's explore how our expertise can accelerate your modernization efforts.
Image Credits: IBM
Meta's New AI Translates 100+ Languages
Meta has unveiled SeamlessM4T, an advanced AI model that can translate and transcribe nearly 100 languages across text and speech. Available as an open-source solution along with the SeamlessAlign translation dataset, SeamlessM4T represents a significant leap in AI-powered speech-to-speech and speech-to-text capabilities. It's designed to enable effective communication between speakers of different languages without the need for a separate language identification model. Although an ambitious effort, it's worth noting that the model may contain biases and is more suitable for short-form translations rather than long-form or certified translations. Meta's release reflects the ongoing development of sophisticated AI translation and transcription tools, aligning with industry trends to enhance communication across diverse languages.
Our Innsights: Unlock the power of AI-driven multilingual solutions, inspired by Meta's SeamlessM4T model. At InnoWave, our experienced data science team specializes in seamless AI integration, offering tailored multilingual solutions that enhance customer experiences and secure your operations.
Image Credits: SurfUpVector / Getty Images
Casino Card-Shuffling Machines Hacked for Cheating Advantage
Security researchers at IOActive have discovered vulnerabilities in the widely used casino card-shuffling machine, the Deckmate 2.
By exploiting these weaknesses, they demonstrated the ability to gain full control over the machine's shuffling process. This could enable cheating in card games like Texas Hold'em by knowing the deck's exact order and, consequently, the hands of all players. IOActive's method involves inserting a small hacking device into the shuffler's exposed USB port, potentially unnoticed during a game.
The Deckmate 2 also has an internal camera, allowing real-time access to the entire deck order, which can be transmitted via Bluetooth to a partner for covert signalling to the cheating player. This technique provides cheaters with a significant advantage, particularly in Texas Hold'em, where predicting card hands is crucial. While IOActive has not yet developed a method to rearrange the deck, knowing the card order without changing it remains a highly effective cheating strategy that's difficult to detect. These vulnerabilities highlight the need for improved security standards in casino equipment, raising concerns about outdated regulations governing gaming devices' security.
Our Innsights: Recent news of vulnerabilities in casino card-shuffling machines has highlighted the importance of robust cybersecurity. At InnoWave, our experienced cybersecurity team specializes in vulnerability assessments, penetration testing, SOC, and more. We offer tailored solutions to safeguard your equipment, protect your reputation, and ensure compliance with industry standards.
Let's discuss how we can enhance your casino's security. Please suggest a suitable time for a meeting. Your organization's integrity is our top priority.
Image Credits : ROGER KISBY
Google Assistant Set for Transformation with AI Enhancement
Google is planning a major overhaul of its Assistant, shifting towards generative AI akin to ChatGPT and Bard. This change will impact users, developers, and staff, with support for both old and new methods during the transition. The revamp has begun with the mobile version of Assistant. Google is also reorganizing its Assistant teams and making a limited number of layoffs among thousands of Assistant employees. Google's leadership remains committed to Assistant's future, mirroring a trend where companies like Amazon are revamping their digital assistants. Both Google and Amazon have been scaling back their traditional digital assistant efforts recently.
Our Innsights: At InnoWave, we believe this is very exciting news! Major players like Google are transforming their digital assistants with advanced AI. Our experienced data science team specializes in AI, and we have experience in the realm of home assistants. We are ready to collaborate to develop cutting-edge AI home assistants, elevate user experiences with top-tier conversational AI, and stay ahead in the AI industry. Let's discuss how we can customize our expertise for you!
Image credits: Shoshana Gordon/Axios. Photo: Olly Curtis/Future Publishing via Getty Images
InnoWave & MEO Blueticket carry out World Youth Days' Digital Accreditation Process
InnoWave and MEO Blueticket were the companies chosen to carry out the entire accreditation process for the World Youth Days, a meeting that brings together, until August 6, between 1.5 and 2 million young people from all over the world to our country.
Several entities competed for this unprecedented event in Portugal. Due to the solution presented and the experience recognized in the market, the selection fell on the MEO Blueticket and InnoWave consortium, which jointly developed a 360º solution. This platform went through the production of credentials and the creation of the check-in application for all teams involved and present at the event.
It is the first year in which the entire WYD accreditation process is carried out digitally, which implies real-time integration with various partners. Due to the complexity of the necessary technological development and other characteristics, this project was a challenge for the various areas of both teams.
Stability AI Unveils Stable Doodle: An Innovative Sketch-to-Image Tool
Stability AI introduces "Stable Doodle," a new sketch-to-image service powered by its image-generating model, Stable Diffusion. Using the latest Stable Diffusion model, Stable Doodle can transform sketches into visually pleasing artistic renditions. This service is designed for both professionals and novices, making it accessible to anyone with basic drawing skills and internet access. Stability AI emphasizes that Stable Doodle offers more precise control over image generation compared to other sketch-to-image AI tools. The underlying technology, Stable Diffusion XL, is combined with Tencent's R&D division's "T2I-Adapter," enabling the model to understand sketch outlines and produce high-quality images based on user prompts. While Stable Doodle has limitations in terms of supported art styles, it aims to serve designers and illustrators, streamlining their creative process and saving time. Although the service is free, Stability AI is exploring potential revenue sources as part of its business strategy.
Our Innsights: Imagine having the ability to produce exceptional artwork in seconds, all with just a basic sketch and an internet connection. Stable Doodle breaks the barriers of traditional art creation, making it accessible to anyone with even the most modest drawing skills. Don't miss out on the game-changing opportunity of bringing Generative AI to your business! Unlock your creative potential with us at InnoWave. Streamline your creative process, captivate your audience, and experience a whole new level of artistic expression. Contact us now and embark on a journey of limitless possibilities with Generative AI.
Source: https://techcrunch.com/2023/07/13/stability-ai-releases-stable-doodle-a-sketch-to-image-tool/
Image Credits: Stability AI
Cybercriminals Breach Healthcare Systems
HCA Healthcare, one of the largest healthcare companies in the U.S., has suffered a significant data breach. Hackers stole patient data affecting around 27 million patients in nearly two dozen states, including facilities in Florida and Texas. The compromised dataset includes patients' personal information and certain visit records. The breach was discovered when the stolen data was sold on a data breach forum. While no critical clinical details appear to have been disclosed, patients' full names, cities, and details of their last provider visits were compromised. HCA claims that no medical diagnoses or other critical medical information were impacted. However, the hacker has asserted having "emails with health diagnoses that correspond to a client ID." The company says the breached data originated from an external storage location exclusively used for formatting email messages. Shares of HCA Healthcare remained relatively unaffected by the news.
Our Innsights: Protect your company's valuable data from cyber threats! This recent HCA Healthcare data breach, impacting millions of patient's personal information, serves as a cautionary tale. Safeguard your business with our top-tier cybersecurity services. At InnoWave, our expert team uses cutting-edge tech and industry best practices to detect, prevent, and respond to breaches swiftly. Invest in proactive protection to build trust, enhance your brand reputation, and secure your future.
Source: https://www.cnbc.com/2023/07/10/hca-healthcare-patient-data-stolen-and-for-sale-by-hackers.html
Commitment to Responsible AI Development
Seven top AI companies, including Amazon, Google, and Microsoft, have made voluntary promises to the White House regarding responsible AI development. The commitments include investments in cybersecurity, discrimination research, and the implementation of a watermarking system to inform users when content is AI-generated. While there are currently no consequences for failing to meet these promises, the companies are expected to work on implementing them immediately. The White House is also working on an executive order to address AI risks, and lawmakers have introduced legislation to regulate the technology. The companies' representatives will physically sign these commitments at a summit at the White House.
Our Innsights: By choosing our AI services, you can rest assured that we are committed to implementing the latest advancements in AI while adhering to responsible practices. Our team will work tirelessly to bring your AI projects to life, keeping in mind the regulations and potential risks associated with the technology. At InnoWave, we believe that in this dynamic landscape, being proactive in responsible AI development can set your business apart and establish trust with your customers. Join us now, and let's build a future where AI-driven innovations bring positive impact and prosperity while upholding responsible principles.
Data Analysis Made Accessible for all ChatGPT Plus Users
OpenAI has introduced Code Interpreter, an in-house plug-in for ChatGPT Plus users, allowing AI to run code, analyze data, create charts, and manipulate files. The tool unlocks a wide range of capabilities, empowering data visualization, analysis, and manipulation. Early reactions from users and influencers are positive, showcasing its potential for sophisticated knowledge work and data science tasks. Code Interpreter addresses concerns of ChatGPT becoming less capable over time, offering a new standard for AI and data science. Safety is a priority, with ongoing refinement based on user feedback. The tool also presents promising possibilities for structured data and meaningful work with reduced rote tasks.
Our Innsights: At InnoWave, we believe that solutions such as Code Interpreter represent a clear and positive vision of what AI can contribute to the world of work and knowledge. As the boundaries of ChatGPT and large language models (LLMs) are continuously pushed, OpenAI aims to lead the way with this groundbreaking tool, setting a new standard for the future of AI and data science. With InnoWave as your partner, you'll gain a competitive edge and unlock the full potential of Generative AI for your organization. Don't miss out on the opportunity to revolutionize your business. Contact us now and embark on a journey of limitless possibilities with Generative AI!
Meta Platforms Advances AI with Image Joint Embedding Predictive Architecture
Meta Platforms Inc.'s artificial intelligence (AI) researchers are making progress on developing a new architecture for machines that can learn internal models of the world. The goal is to enable AI models to learn faster, plan complex tasks, and adapt to unfamiliar situations. Meta's AI team has introduced the Image Joint Embedding Predictive Architecture (I-JEPA), the first AI model based on this vision. I-JEPA learns by creating an internal model of the world, comparing abstract representations of images instead of pixels. It aims to replicate how humans passively observe and learn background knowledge about the world. I-JEPA predicts missing information by focusing on abstract prediction targets, unlike generative AI models that fill in missing information indiscriminately. I-JEPA has shown strong performance on computer vision benchmarks and is computationally efficient. Meta plans to open-source I-JEPA's training code and model checkpoints and expand its application to other domains. The research represents a significant step towards scaling self-supervised methods for learning a general model of the world.
Our Innsights: InnoWave leads the way in harnessing the transformative power of Generative AI. Our exceptional data science team is at the forefront of this groundbreaking technology, delivering unparalleled expertise and innovation to our clients. Unleash the full potential of Generative AI with our cutting-edge projects, proofs-of-concept, and ongoing efforts. From enhancing productivity to driving customer engagement, our tailored solutions leverage the latest trends in Generative AI to propel your organization forward. Experience the future today and revolutionize your business. Contact InnoWave and embark on a remarkable journey of discovery, creativity, and limitless possibilities with Generative AI!
Apple Unveils Apple Vision Pro
Apple has announced a new augmented reality headset called Apple Vision Pro, which blends the real and digital worlds seamlessly. The device, resembling ski goggles, is the first Apple product meant to be looked through rather than at. It features a separate battery pack and can be controlled using eyes, hands, and voice commands. Priced at $3,499, it will launch early next year in the US market, followed by other countries later. The Vision Pro is primarily an augmented reality device but can switch to full virtual reality using a dial. It operates without a physical controller, allowing users to browse and interact with app icons by looking at them. Voice commands and familiar iPhone and iPad apps are also supported. The headset includes five sensors, 12 cameras, a 4K display for each eye, and a fan-cooled computer. It has a modular cloth-lined mask and strap that can adapt to different face shapes and head sizes. The device supports Bluetooth accessories and allows Mac connectivity. The external battery lasts up to two hours, and the display is promised to deliver unprecedented sharpness and 4K video quality. The headset incorporates features like EyeSight to display the user's eyes and pass-through video for a view of the real world. It also enables projecting 3D objects into real space and offers spatial audio for remote conversations. Apple plans to include TV and Arcade content, including premium content from Disney. Despite delays, the Vision Pro is considered a significant addition to Apple's product line-up and will likely compete with Meta's Quest 2 and Quest Pro headsets.
Our Innsights: Step into the Future with InnoWave's AR/VR Solutions! At InnoWave, we bring you our top-notch AR/VR practice, perfectly tailored to harness the power of this groundbreaking technology. Unlock new dimensions of engagement and immersion with our comprehensive AR/VR solutions. Whether it's captivating customer experiences, immersive training simulations, or innovative marketing campaigns, InnoWave has the expertise to transform your vision into reality.
Our holistic approach goes beyond hardware and software, delivering seamless integration, captivating content, and exceptional user experiences. As Apple reshapes the AR/VR landscape, we're here to propel your business to the forefront of innovation. Join the future of AR/VR with InnoWave as your trusted partner. Contact us today and embrace the limitless potential of this transformative technology.
AI Helps Sir Paul McCartney Realize Unfinished Beatles Song
Sir Paul McCartney revealed that artificial intelligence (AI) played a crucial role in creating what he calls "the final Beatles record." Using AI, McCartney extracted John Lennon's voice from an old demo, enabling him to complete the song. The technology, employed during the production of Peter Jackson's documentary "Get Back," separated Lennon's vocals from background noise and instruments. This breakthrough allowed McCartney to "duet" with Lennon during his recent tour and create new surround sound mixes. While McCartney finds AI's advancements exciting yet scary, he looks forward to its future applications. The release of the final Beatles record, featuring the completed song, is eagerly anticipated. McCartney's involvement extends beyond music, as he recently launched a photography exhibition titled "Eyes of The Storm" at the National Portrait Gallery, showcasing portraits taken during The Beatles' rise to fame. As technology continues to evolve, AI's impact on the music industry and creative process is becoming increasingly significant. The integration of AI algorithms into music production allows artists to explore new possibilities, preserve and reinterpret existing material, and shape the future of music in unimaginable ways.
Our Innsights: As the revolution of Generative AI unfolds, industry leaders are relentlessly driving innovation to stay ahead. At InnoWave, our data science team is at the forefront of this transformative wave, constantly exploring the latest trends and harnessing the potential of Generative AI. Experience the cutting-edge capabilities of our projects, proofs-of-concept, and ongoing efforts, powered by our deep knowledge in this domain. With InnoWave as your partner, you'll gain a competitive edge and unlock the full potential of Generative AI for your organization. Don't miss out on the opportunity to revolutionize your business. Contact us now and embark on a journey of limitless possibilities with Generative AI!
Source : https://www.bbc.com/news/entertainment-arts-65881813
US Cyber Insurance Premiums Surge 50% in 2022 Amid Rising Ransomware Attacks
The demand for cyber insurance in the US experienced a significant surge in 2022, with premiums increasing by 50%. This growth was primarily driven by the rise in ransomware attacks and the expanding realm of online commerce, which heightened the need for coverage. Insurers collected $7.2 billion in premiums in 2022, marking a three-fold increase over the past three years. The escalating threat of cyber risks remains a persistent concern, and the coverage provided to insured individuals and companies depends on insurers' risk appetite and the willingness of reinsurers to provide coverage. Ransomware attacks, which saw a substantial increase, contributed to the heightened demand for cyber insurance, as the shift to remote work during the pandemic made individuals more vulnerable to digital attacks. This trend also prompted organizations and individuals to adopt stronger cybersecurity measures. Notably, loss ratios for standalone and packaged policies decreased to 43% and 48%, respectively, indicating positive signs for the industry after experiencing higher incurred losses in 2020 and 2021. Surplus lines insurers, specialized in covering unique risks not covered by conventional policies, have gained popularity and now account for most cyber insurance premiums. Looking ahead, the growth in demand for cyber insurance is expected to continue due to the expanding cyber landscape, increased complexity from artificial intelligence, and the resurgence of ransomware attacks in 2023.
Our Innsights: In an increasingly connected world, protecting your organization's valuable assets is paramount. At InnoWave, we specialize in providing comprehensive cybersecurity solutions tailored to your unique needs.
Our expert team of cybersecurity professionals utilizes state-of-the-art technologies and cutting-edge strategies to safeguard your digital infrastructure from evolving threats. From proactive threat intelligence to robust vulnerability assessments, we leave no stone unturned in securing your data, networks, and systems.
With InnoWave by your side, you can rest assured that your organization is fortified against cyber attacks. Our agile and proactive approach ensures rapid detection, response, and mitigation, minimizing the impact of potential breaches.
Don't compromise on security. Partner with InnoWave and elevate your cybersecurity defences to the next level. Contact us today to safeguard your digital future!
Microsoft Unveils Azure AI Studio for Building Custom AI Copilots
Switching to another big player: The Microsoft build 2023 event was a total success, and naturally, Generative AI was the hot topic. Microsoft has introduced Azure AI Studio, a new feature within the Azure OpenAI Service, enabling businesses to create their own AI-powered "copilots." With Azure AI Studio, customers can combine OpenAI models like ChatGPT or GPT-4 with their own data, be it text or images, to develop chat assistants or other applications that reason over private data. Unlike Microsoft's existing AI-powered copilots such as Bing Chat, which lack access to proprietary data, those created through Azure AI Studio can leverage an organization's specific data securely and without the need to train a model on the data. Azure AI Studio simplifies the process of grounding AI models on customer data and provides a valuable tool for building customized copilots. By offering this capability, Microsoft aims to leverage its Azure OpenAI Service and generate revenue while catering to more than 4,500 companies already using the service, including Coursera, Grammarly, Volvo, and IKEA. As an additional enhancement, Microsoft is rolling out updates to boost capacity for high-volume customers, including a new feature called Provisioned Throughput SKU, allowing customers to reserve and deploy model processing capacity on a monthly or yearly basis. This advancement ensures consistent latency and throughput for workloads with consistent characteristics, further encouraging the adoption of Azure OpenAI Service.
Our Innsights: Unleash the Power of Microsoft and OpenAI for Your Business. Revolutionize your organization with our state-of-the-art AI solutions powered by Microsoft and OpenAI. With our InnoWave data science expertise and the groundbreaking Azure AI Studio, you can create custom AI-powered "copilots" that leverage your proprietary data securely. Don't miss out on this opportunity to transform your business. Contact us now and unlock the potential of Microsoft and OpenAI for your organization!
Google Launches Preview of Search Generative Experience (SGE) as Rollout Begins
Google is launching its AI/LLM-powered Search Generative Experience (SGE) to users who signed up for the Search Labs program. SGE aims to provide answers to longer, multi-step searches by generating AI-powered snapshots of information from multiple sources. These snapshots will appear beneath the search bar with a colour background to distinguish them from regular search results. Google's large language models, such as MUM and PaLM2, provide objective and neutral responses. SGE will not generate a snapshot if there is insufficient information or low confidence in the response. On the desktop web, relevant websites will be displayed on the right, while mobile will show them in a carousel format. A button in the top-right corner lets users expand and view the sources that informed the answer. SGE also features a Conversational mode for follow-up questions and offers buying-related suggestions with generated overviews. Ads will be displayed above the snapshots and labelled as "Sponsored." Additionally, Search Labs introduces two new experiments: Code Tips, which provides coding pointers, and Add to Sheets, which allows inserting search results directly into spreadsheets. Users can sign up for Search Labs and access SGE, Code Tips, and Add to Sheets individually. Priority access will be given to Google One Premium subscribers with 2+ TB storage.
Our Innsights: As the revolution of Generative AI unfolds, industry leaders are relentlessly driving innovation to stay ahead. At InnoWave, our data science team is at the forefront of this transformative wave, constantly exploring the latest trends and harnessing the potential of Generative AI. Experience the cutting-edge capabilities of our projects, proofs-of-concept, and ongoing efforts, powered by our deep knowledge in this domain. With InnoWave as your partner, you'll gain a competitive edge and unlock the full potential of Generative AI for your organization. Don't miss out on the opportunity to revolutionize your business. Contact us now and embark on a journey of limitless possibilities with Generative AI!
Source: https://9to5google.com/2023/05/25/google-search-generative-experience/
InnoWave hires 100 new talent and reinforces the investment in startups
InnoWave wants to hire 130 people this year, of which 100 will be from Portuguese territory. A new office in Fundão is also in the plans and a unit creation dedicated to startups.
Read the full article here: https://lnkd.in/dEXYpiQu
From ecosystems and digital assets to changes in the financial system
APDC Business Digital Congress 2023 discussed the major technological upheavals and their foreseeable impacts, promoting a shared debate and identifying ways forward, and our team was there!
From ecosystems and digital assets to changes in the financial system and the advance of regulated digital currencies, from the transformation of public administration to changes in the labour market, digital technologies are changing everything and everyone at an ever-increasing pace.
The use of artificial intelligence, 5G, automation, the metaverse, tokenization, quantum computing, cybersecurity, and cloud computing will result in profound changes, if not revolutions, at both an economic and social level. There are numerous interconnected challenges that need to be addressed immediately, some of which are not even foreseeable yet in a world that continues to face numerous interconnected challenges.
All stakeholders had an opportunity to exchange ideas and create synergies at this stage.
Such a great event!
WOW transforms business through Digital Innovation with InnoWave
WOW transforms Business through Digital Innovation with InnoWave
April 28, 2023 – InnoWave is proud to announce that Wide Open West (WOW!), a leading broadband, cable and voice service provider in the United States, will continue its partnership with InnoWave to push ahead with its business transformation strategy through digital innovation.
InnoWave has partnered with WOW! since 2019 to implement several successful transformation projects such as Billing Simplification – the consolidation of several billing systems into one. Order to Cash Process Automation – provisioning flow automation to radically improve customer experience and increase operational efficiency. Enterprise Product Catalog and CPQ Implementation – improved time to market and sales process optimization. Customer Portal Redesign – a complete overhaul of the customer portal with a strong focus on user experience.
Marco Carreira, Managing Director of InnoWave in North America commented: “WOW! is a fantastic partner to work with because of their relentless drive to provide customers with the very best products and services through continuous innovation; very much aligned with our own culture.”
About InnoWave Technologies
InnoWave is a global IT innovation provider to the Telecommunications, Insurance, Healthcare and Utilities industries. An award-winning IT service provider, serving customers across the globe with the aim to Change Lives Through Innovation!
For more information, visit www.innowave.tech.
Rodrigo Loureiro talks about Cyber-risks at IDC Security Roadshow
On April 20 Rodrigo Loureiro was at IDC Cyber Security Roadshow presenting Navigating the Shift to Continuous Cyber-Risk Assessments and Scoring using Objective Security Metrics. Increasing cyber threats make traditional annual and quarterly security assessments obsolete. This is leading to a shift towards continuous risk management and assessment. The SEC's forthcoming cyber-risk scoring standards for publicly traded companies further emphasize the importance of objective security metrics and results measurement, especially as CEOs become increasingly concerned about rising security expenditures without clear returns. Attendees will gain insight into organizations' efforts to ensure continuous visibility by establishing updated reporting routines. They will also provide objective measures to justify how to focus security expenditures where it matters the most. With a focus on collaboration between IT, cybersecurity, and compliance departments, this presentation is a must-see for anyone looking to keep up to date in the changing cybersecurity landscape and protect their organization's assets and data consistent with their corporate strategy and aligned with the CEO and board objectives.
The European cybersecurity landscape will continue to evolve rapidly in 2023. Pandemic disruption still lingers, but new disruptive forces are emerging. In addition to ensuring compliance with data protection, privacy, and digital sovereignty regulations, security teams need to protect critical business assets, build trust, and protect critical business assets.
The massive shift to the cloud, the adoption of IT and virtualization, and the development of large supply chain ecosystems are all powerful drivers of growth. They can also lead to less positive outcomes, increasing risk, complexity, and attack surfaces.
The most effective way to solve complex problems is to maintain a combination of data that can support decisions.
Check the full talk here.
InnoWave at IDC Cloud Roadshow
Cloud technology has been one of the most significant enablers of organizational growth and performance for the last decade. As part of the IDC cloud roadshow, we saw a series of key topics compiled by top industry experts.
Gabriele Rachello, our CTO, was a speaker at the IDC Cloud Roadshow. With almost 15 years of experience in the IT industry, Gabriele has been involved in some of the most challenging and interesting projects around the globe. For several years he worked as an IT consultant in the telco business. During this time, he came across InnoWave.
Today's environment requires getting the most value from the cloud. Cloud business principles are attractive, but not every organization can exploit them. Companies will continue to move towards a more digital economy as they embrace the cloud and all its transformations. Businesses are looking for ways to automate operations, provide rich customer experiences, and launch new products - cloud computing can assist. The cloud's potential, however, cannot be unlocked simply by using magic formulas. Migrating to the cloud can result in higher costs for some organizations. Consequently, IT decision-makers have questioned whether the modern economy is just pure marketing.
Check the presentation here: https:// /yafm261Zu4I
How to be safe on the internet
How to be safe on the Internet is the right question to ask. Using the Internet is part of our daily lives, which is why it is often used by malicious criminals as a way to trick users into risky behaviour that could compromise their devices and personal data.
This February 7, 2023 - Safer Internet Day - we promote safer Internet browsing with some tips on how to minimize the risks that currently exist:
Use of strong and unique passwords for different services.
Avoid using common words and phrases and consider using a password manager.
Watch out for phishing campaigns.
Be wary of unsolicited emails that ask for personal information or follow suspicious links and attachments. Also, we must report phishing emails. In this way, the teams responsible for organisations' security can take appropriate preventive measures.
Browse secure websites only.
Look for the "https" and the URL bar lock icon before entering sensitive information.
Enable Multi-Factor Authentication (MFA) whenever possible.
This additional layer of authentication increases the security of online service accounts.
Pay attention to risky behaviour.
You should download files and click on links from trusted sources only.
Keep the software to access the Internet (browser) and operating system updated.
Regular updates fix vulnerabilities in the software, allowing for safer browsing.
Use secure networks.
Avoid using public networks for sensitive activities, as these networks are often not secure.
Keep your data safe!
Cycloid is now part of InnoWave Group
InnoWave announced the entry into the capital of Cycloid, a company specialized in the design, development, implementation and management of innovative solutions in the areas of TV and media, IoT and analytics, using cloud technologies and artificial intelligence/machine learning.
The entry of the technology company in the national group will allow the reinforcement of skills as well as explore new business opportunities. It will also promote internationalization since 66% of Cycloid's turnover is related to external business and was decisive for the purchase.
Furthermore, it allows InnoWave to grow and strengthen its position in the IT market. This year, the company expects revenues of 30.9 million euros, which represents a growth of 28% compared to 2021.
InnoWave has a mergers & acquisitions strategy to grow the business and the group, having acquired Wintrust in 2018, to strengthen the software testing area, and ViGIE Solutions in 2019, to solidify its position in the areas of IoT and Healthcare.
Tiago Gonçalves (in the photo), CEO of InnoWave, explains the acquisition: «in a time where the market presents companies with multiple and demanding challenges, InnoWave assumes itself as a buyer of companies with skills that reinforce our portfolio and that have a strong international footprint. This acquisition is another step in our growth strategy, which also materialized in competence centres in Portugal, such as Lisbon, Porto, Coimbra, Faro and Beja».
InnoWave grows 23% in 2021 and increases business perspectives for 2022
The Portuguese multinational company reported strong results last year and revised its 2022 growth plans to 28 per cent
InnoWave, a Portuguese technological innovation company, presented its 2021 financial results, with consolidated revenues of 24.1 million euros, an increase of 23% compared to 2020. With these results, ascertained on December 31, InnoWave revises its business perspectives for 2022. The company aims to end this year with revenues of 30.9 million euros, which represents a growth of 28% (16% organic and an additional 12% from acquisitions).
Among the fastest-growing areas are IoT (Internet of Things), cybersecurity, salesforce, automated software testing and blockchain.
In terms of revenue by geographic market, the largest market was the UK with 38% of the business, closely followed by Portugal with 21%, Benelux with 18% and the United States of America, which accounted for 16%. InnoWave has also seen rapid growth in its operations in India, which grew to 7% of global turnover. The international market was worth 79% of turnover last year.
As far as areas of operation in 2021 are concerned, Communications, Media & Technology stand out, representing 79% of the business, followed by Financial Services and Insurance with 11% and Energy with 7%.
Company to increase the team in 2022
To strengthen its offer during 2022, InnoWave plans to hire 160 people, in Portugal and India. In Portugal, the company opened new offices in Beja, focused on Cyber and IoT, facilities that complement the offer available in Lisbon, Porto and Coimbra. By the end of this year, the Portuguese multinational plans to open two more locations in Portugal to better cover the territory and give its teams more location options.
Tiago Gonçalves, InnoWave’s CEO: "We continue to bring value to our clients as they accelerate on their digital transformation journey. Our excellent performance in 2021 shows our ability to capitalise on the market opportunity that exists for the most innovative technology players. This is the direct result of our strategy of building a people-centric organisation, hiring the best talent and upskilling professionals where we are present. It also reflects the result of the strategy of focusing our business on the most strategic and innovative offerings and the goal of helping the world's leading companies power their businesses using the best of technology (digital, cloud, IoT, security, Data & AI and blockchain)."
Among the different InnoWave solutions and platforms that contributed to these solid results, the startups Vigie and Gamifyou should also be mentioned.
Vigie Solutions is the provider of a cloud health technology solution that allows more efficient and safe management of Hospitals, Pharmacies and Laboratories, allowing the intelligent monitoring of critical processes, using artificial intelligence, through the real-time collection of data from sensors. Vigie Solutions has more than 150 customers in Portugal and is now investing in its international expansion, having already customers in the United Kingdom, Belgium, Spain and Italy.
Gamifyou is a spinoff of the InnoWave Universe, created in 2021. Gamifyou has a cloud platform that uses artificial intelligence and gamification techniques to encourage good practices and promote behavioural change in employees, customers and citizens.
Making decisions out of Fear
One month ago a client told me that he thought I was very brave.
He told me that I had a lot of courage, and until today I dismissed the comment because for me, being brave means overcoming all your fears or overcoming extraordinary challenges, like climb the highest mountain in the world, or my case, entering in an aquarium with a lot of snakes.
Never came to my mind that I was demonstrating bravery every day, but the reality is that we all do. When we started our internal campaign, talking about InnoWave's values, I realized that different perspectives may coexist for the same values of courage, ambition and bravery.
Make Decisions
The dictionary definition of courage is “the quality of mind or spirit that enables a person to face difficulty, danger, pain...without fear.” however if we look at a more entrepreneurial spectrum, we deal every day with several obstacles and a multitude of fears as a part of our daily lives and for the most part, we dismiss our ability to overcome these as not worthy of acknowledgement.
For the past few years, I’ve been giving a training session at InnoWave focused on Stephen R. Covey's book, The 7 Habits of Highly Effective People. One thing I’ve learned through my path, is that recognizing your courage and bravery, no matter how insignificant the situation may seem to you, is empowering, it fuels your self-confidence, personal and professional power and this is the reason why all InnoWave leaders should continue to recognize every act of courage from their employees.
It’s true that when we become part of this " world of work" or in a new company or a new challenge, we always have the following fears:
- “Afraid of becoming stagnant and complacent.”
- “Afraid of not being in control.”
- “Afraid that I won't be able to get the job done.”
And there is no harm in having these fears, but it is also true that we can be afraid of joint construction of the following habits:
- Remind yourself that fear isn’t always helpful
- Have confidence in yourself, believe that your ideas are good, express your ideas and defend your view
- Embrace failure as part of the pathway to success
- Calculate risk-taking, re-think risk and think big
- Take initiative, show initiative and save time for your company
- And most important of all ‘remember to breathe’ important activity in decision making
In January I turned 10 years working at InnoWave. During my career path, I went through so many different functions, always challenging myself every day and I was afraid so many times but I always continued to do my best, I worked hard for 7 years to reach the Manager position. My main job role at the moment was due to a lot of courage aligned with ambition and bravery, for sure and obviously for all the recognition over time of my teams, peers and leaders. I love the following quote from one of Rocky Balboa's films “But it ain't about how hard ya hit. It's about how hard you can get hit and keep moving forward. How much you can take and keep moving forward. That's how winning is done!”, so never give up on your desires and goals.
Challenge yourself
Challenge yourself , challenge your team leader, don't be passive but active, find places where you can bring value and help to grow your organization and outside of work always try to put your stamp on everything you do because only then you will have a happy life and happiness feeds our soul.
by Tiago Correia, Head of Staffing