Blockchain Press Releases
Global launch of generative AI engine set to revolutionise how businesses access and utilise their data
Stratio BD launches Stratio Gen-AI, the world-first, secure engine for enterprises enabling businesses to use company data in natural language with generative AI
MADRID, July 4, 2023 /PRNewswire/ — Launched today by leading Generative AI Data Fabric specialist Stratio BD, Stratio Gen-AI is a world-first generative AI engine designed to solve one of the biggest data management issues facing businesses – giving any worker easy, quick, and secure access to any information they require regardless of technical know-how.
The technology utilises a Large Language Model (LLM) with a user experience similar – but unrelated – to that of globally successful ChatGPT, enabling it to deliver information and data insights in easy-to-understand, human language, as well as understanding varying user language. This includes anything from various native tongues to different technical and literacy abilities, in order to provide the most relevant and accurate response.
This also ensures any user in all departments can effectively ask any question and Stratio Gen-AI will provide the answer instantly, rapidly improving productivity while enhancing each department’s ability to make informed decisions based on insightful data. For example, it eradicates the need for teams to download multiple reports from different applications and amalgamate them into a single spreadsheet, as well as avoiding the often lengthy waiting time it takes for data analysts to compile reports.
The new conversational tool is the final piece in the puzzle for Stratio BD’s vision to democratise data with its Generative AI Data Fabric offering: an AI-driven, end-to-end data management product designed to break down traditional barriers to data access, enabling businesses to simplify data analysis, automate tasks, and ultimately make better, more informed decisions that benefit the bottom line.
Oscar Mendez-Soto, CEO and Founder of Stratio BD said: “No matter what department you work in, whether it’s sales, HR, legal, marketing, or operations, your work will always be governed in some way by the most up-to-date and accurate data available to you. The Stratio Gen-AI engine is revolutionary for businesses as it empowers teams to use insights that would otherwise be either inaccessible, incomplete, or only possible for a data scientist to retrieve and understand. The use cases for how businesses can utilise this tool to improve and streamline operations are immeasurable.”
From day-to-day questions a manager would otherwise ask their team, to the more complex that would require a full data report from the technical teams, Stratio Gen-AI cuts out any obstacles for users to maximise their performance while reducing the need for administrative reporting. For example: sourcing a sales forecast; identifying the company’s most popular products that month; or forecasting which customers are a flight risk, are now all possible by asking a simple question to Stratio Gen-AI.
Often, businesses struggle to obtain true meaning from data as it is stored in siloed locations or across multiple applications. But because Stratio Gen-AI sits above a unified business data layer created by Stratio BD’s Generative AI Data Fabric product, the engine is able to access all of a company’s data in one view and simultaneously get an answer which is understandable in context to the business.
Stratio Gen-AI is a closed-source interface that businesses can safely use without any risk to data security as the data does not leave the company’s systems. Equally, thanks to the governance and role-based access to data already enabled by Stratio BD’s data governance module, users of the Stratio Gen-AI can only access data that is relevant and unrestricted to their position in the business.
The tool uses deep learning techniques to understand, summarise, generate, and make forecasts from large data sets. In particular, enterprises that stand to benefit the most are those that normally handle large volumes of data at scale, such as the financial, manufacturing, retail, telco, the public sector, and health and life sciences.
The engine is now available and in high demand, with a number of Stratio BD’s clients within the financial industry already starting to use the tool, including household name, high-street banks.
The news comes as the Spain-headquartered company launched regional offices in both the UK and France earlier in 2023 as part of ambitious worldwide expansion plans, now with more than 500 employees in seven countries.
Founded by entrepreneurs Óscar Méndez Soto and Ernesto Funes in 2014, Stratio BD’s clients include major corporate enterprises such as Santander, HSBC, BBVA, and Carrefour. The company is recognised by analysts such as Gartner and Forrester as international leaders in the data fabric space, and last year completed its Series C funding worth EUR 65 million while also achieving 40 per cent growth.
Oscar concluded: “Crucially, this technological leap is only possible because of the incredible capabilities of our market-leading data fabric product. Generative AI cannot understand or manage technical data unless it is available in a unified business layer and given business meaning through ontologies. Our Stratio Gen-AI product does this best, which is why we are in prime position to pioneer this technology for our clients.”
For more information visit http://stratio.com/gen-ai
About Stratio BD:
Generative data fabric specialist Stratio BD was founded in 2014 by fellow entrepreneurs Óscar Méndez Soto and Ernesto Funes. The Madrid, Spain-headquartered company was created to help businesses fully harness the power of data fabric and AI. Stratio BD’s Generative Data Fabric product provides businesses with composable data management solutions, enabling governance, virtualisation, advanced analytics, and AI to multiply the productivity of companies that use it, reducing costs and time to a fraction of what they need. The product provides a range of functions, including simplifying data understanding for business users, providing knowledge graph representations, applying AI algorithms to augment data management tasks, and automating manual AI development.
Last year, Stratio BD completed its Series C funding worth EUR 65 million, led by InfraVia with participation from Adara (A and B-Series investor) and the founders. The company had reached critical mass in its historic markets of Spain and Latin America and is now leveraging the round proceeds to fund commercial expansion across Europe. Stratio BD was named Gartner’s Cool Vendor in Data Management in 2021 for its innovative generative data fabric platform.
Stratio BD’s Generative AI tool, Stratio Gen-AI, is designed to assist businesses in generating answers and insights based on their available data. Stratio Gen-AI is provided by Stratio BD solely as a technology solution. The use and utilization of the tool, as well as any decisions made based on its outputs, are the sole responsibility of the customers. Stratio BD does not guarantee in any way that the tool will operate without errors or problems. It is important to note that Stratio BD cannot guarantee the accuracy, completeness, or reliability of the results and answers generated by Stratio Gen-AI. The interpretation and use of these results are solely the responsibility of the customers. Stratio BD shall not be held liable for any loss of business, damages, or consequences arising from the use of our solution. Customers are responsible for ensuring the quality and suitability of their data and for making informed decisions based on the outputs provided by our tool.
Logo: https://mma.prnewswire.com/media/2009600/4147672/Stratio_BD_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/global-launch-of-generative-ai-engine-set-to-revolutionise-how-businesses-access-and-utilise-their-data-301869208.html
Blockchain Press Releases
Africa Exclusive: Bybit Promotes Crypto Education with P2P Security Webinar
DUBAI, UAE, Nov. 22, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, sets out to raise awareness of P2P security and to equip users with the latest anti-fraud knowledge and tools in a new learn and earn event exclusively for users in Africa. Hosting a P2P security Webinar on Nov. 25, Bybit P2P will also be announcing a prize pool valued at 10,000 USDT for a new Africa-exclusive deposit event.
P2P Security Webinar
On Nov. 25, the live webinar on P2P security will be broadcast in the Bybit Africa Telegram group from 7 to 9PM UTC. Attendees may benefit from a comprehensive session on tips and the latest know-how on asset safety and counterparty risks. The free webinar will cover the following topics:
- Fraud detection: users will learn about signs of common scams and steps to verify payment authenticity.
- Staying safe with Bybit P2P: users get to discover Bybit’s security tools and the latest features to combat fraudulent attempts.
- Trading with confidence: users will gain practical advice and practical tips on how to trade safely.
The floor will be open for a live Q&A session after the sharing by Bybit P2P experts. Ahead of the webinar, attendees are invited to submit questions and the lucky ones will win 10 USDT if their questions are chosen by the speakers.
10,000 USDT Rewards for First-Time Deposits
From Nov. 25 to Dec. 15, 2024, new users who successfully sign up for a Bybit account and complete Identity Verification Level 1 may be eligible to share in a 10,000 USDT prize pool reserved for eligible users in Africa only. Users must sign up for the event and make a deposit via Bybit P2P to qualify and win up to 10 USDT, terms and conditions apply.
“Financial fraud is an age-old challenge and users must stay vigilant as scammers and fraudsters evolve. Bybit is constantly investing in our hardware and software to build the necessary guardrails for our platform. It does not take away the importance of user education, however, and we hope through engagements of this kind, we can help elevate the community on a path of growth,” said Joan Han, Sales and Marketing Director at Bybit.
P2P is an organic part of the crypto economy and helps to promote inclusivity in emerging economies. With Bybit P2P, users of all levels may access the user-friendly peer-to-peer trading platform to trade between themselves at an optimal, agreed-upon price. The service minimizes the need for the middleman, improving cost effectiveness while providing exchange-backed platform security.
Find out more about the event and eligibility at Bybit P2P.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For more information, please visit: https://www.bybit.com
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
Photo – https://mma.prnewswire.com/media/2565335/Africa_Exclusive_Bybit_Promotes_Crypto_Education_P2P_Security_Webinar.jpg
Logo – https://mma.prnewswire.com/media/2267288/Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/africa-exclusive-bybit-promotes-crypto-education-with-p2p-security-webinar-302314163.html
SINGAPORE, Nov. 22, 2024 /PRNewswire/ — Worldwide Stablecoin Payment Network (WSPN), a pioneer in digital payment solutions, and Polygon Labs, a software development company building the leading network of aggregated blockchains via the AggLayer, today announced their strategic collaboration aimed at unlocking the full potential of digital finance, focusing on the expansion and adoption of WUSD, WSPN’s flagship stablecoin.
WSPN has integrated Polygon PoS into its WUSD network infrastructure earlier this year. Now, this collaboration will focus on rapidly expanding WUSD adoption. Polygon Labs’s crucial liquidity support will be instrumental in bolstering WUSD’s mass adoption across various markets.
This collaboration will unlock opportunities to explore a range of innovative use cases for stablecoins, payments, and DeFi. Key areas of focus include facilitating payments and tokenization solutions for companies operating in Hong Kong SAR and Singapore, developing on-chain green finance projects tailored for African clients, and building robust DeFi platforms that leverage the strengths of both WSPN and Polygon technologies. These initiatives are strategically designed to address diverse market needs and drive the adoption of WUSD across a variety of regions and sectors.
By combining WSPN’s expertise in stablecoin solutions with Polygon’s advanced blockchain infrastructure, this collaboration will drive significant advancements in the digital asset space, particularly in emerging markets and the rapidly evolving DeFi sector.
About WSPN
WSPN is a leading provider of next-generation stablecoin infrastructure, committed to building a more secure, efficient, and transparent payment solution for the global economy. Their flagship product, WUSD stablecoin, is pegged 1:1 to the U.S. Dollar and aims to optimize secure digital payments for Web3 users. WSPN ‘s Stablecoin 2.0 approach prioritizes user-centricity, community governance, and accessibility, paving the way for widespread stablecoin adoption.
Learn more: www.wspn.io | X | LinkedIn
About Polygon Labs
Polygon Labs is a software development company building and developing a network of aggregated blockchains via the AggLayer, secured by Ethereum. As public infrastructure, the AggLayer will bring together user bases and liquidity for any connected chain, and leverage Ethereum as a settlement layer. Polygon Labs has also contributed to the core development of several widely-adopted scaling protocols and tools for launching blockchains, including Polygon PoS, Polygon zkEVM, and Polygon Miden, which is in development, as well as Polygon CDK.
Logo – https://mma.prnewswire.com/media/2429245/5043812/WSPN_logo_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/polygon-collaborates-with-wspn-to-drive-stablecoin-adoption-through-wusd-302314191.html
DUBAI, UAE, Nov. 21, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is pleased to reaffirm its commitment to providing ease of access to digital assets for eligible P2P users in Africa at zero fee. Connecting buyers and sellers at no cost, Bybit P2P continues to be the benchmark for cost-effective and convenient trading experiences.
Since its launch in Jan. 2022, Bybit P2P has consistently provided a user-friendly platform for users seeking a safer way to participate in the digital asset class. The services are offered at no costs for merchants and takers in P2P transactions:
- Merchants: Merchants may post advertisements on Bybit P2P for free.
- Takers: Users may place an order through advertisements listed on the P2P platform at no costs. The offer stands across all fiat trading pairs. Third-party fees may incur depending on the payment method chosen, as the payment providers may charge a transaction fee.
P2P Fee Structure (Africa)
|
Taker Fee (Sell Page) |
Maker Fee (Sell Page) |
|
|
Bybit |
0 % |
0 % |
|
Competitor B |
0.5% on completed orders for certain trading pairs |
0 % |
In addition, Bybit has launched an exciting P2P Coupon Giveaway Campaign from now to Jan. 15, 2025. As part of this initiative, users can earn a share of up to 20,000 USDT in rewards by completing tasks such as depositing $100 or trading $50,000 through Bybit P2P. The rewards will be in the form of Bybit P2P coupons to be redeemed in the next purchase, making the zero-fee transactions an even better deal for winners.
“Bybit’s steadfast commitment to contributing to financial inclusion comes in all forms, and keeping our P2P services free for as long as we can, and for as many users as possible, is one of the ways to support the crypto community,” said Joan Han, Sales and Marketing Director at Bybit. “When users come to our platform with the hopes of generating income on their assets, we want to play a supportive role in helping them reach their personal financial goals,” she added.
P2P on Bybit offers an intuitive and cost-effective peer-to-peer trading platform, facilitating the buying and selling of two users’ holdings at an optimal, agreed-upon price between them. With Bybit P2P, users stand to benefit from Bybit’s enterprise-level security and advanced features including comprehensive built-in KYC and KYB verification mechanisms, rigorous asset management protocols, and 24/7 customer service.
Find out more about the event and eligibility at Bybit P2P.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For more information, please visit: https://www.bybit.com
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
Logo – https://mma.prnewswire.com/media/2267288/Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/bybit-waives-p2p-transaction-fees-for-users-in-africa-302313124.html
-
Blockchain Press Releases6 days agoSweat Your Way to Rewards: Live4Well Revolutionizes Wellness with Innovative “Exercise-to-Earn” Ecosystem
-
Blockchain Press Releases6 days agoEthiopia-Exclusive: Bybit Livens up P2P Marketplace with 12,000 USDT in Rewards
-
Blockchain4 days agoReynold Lemkins Group Attends The Asset ESG Annual Summit to Explore New Paths for Corporate Sustainable Development
-
Blockchain Press Releases5 days ago
Compass Mining Expands into Iowa with New 30 MW Bitcoin Mining Facility
-
Blockchain4 days agoBybit Web3 Deepens Outreach and Support for TON Community with TON Foundation, TON Society, and TON X at Devcon 7
-
Blockchain3 days agoCo-branded Credit Card Market Trends and Industry Forecast, 2025-2030 – Untapped Sectors like E-Sports and Decentralized Platforms in the Crypto Space Present Business Opportunities
-
Blockchain6 days ago
Adapt or Die: The Urgent Shift from VASP to MiCA
-
Blockchain5 days agoWhiteBIT Exchange Celebrates 6 Years of Innovation and Partnerships in the Crypto Industry
