ABL TECHNOLOGY ONLINE
ABL-Tech Member News & Industry Trendletter * September 25, 2024
UPCOMING ABL-TECH
ZOOM TABLES & IN-PERSON EVENT
    These upcoming ABL ZOOM Tables will discuss "What Are Your Key Issues in Planning for 2025?"

  • 10/03 - OC ZOOM Table - featuring Satnam Gambhir, CEO of Envision Financial Systems
  • 10/11 - LA ZOOM Table - featuring John Tanner, Ph.D., CEO of Tanner Research
  • 10/30 - "AI Evolutions in 2024" IN-PERSON FOCUSED WORKSHOP - at Sheppard Mullin, Costa Mesa - HOLD THE DATE! Emailed Invitation Coming Soon!
 
EXPANDED ARTICLES
ABL-TECH MEMBER NEWS
Alvaka (Oli Thordarson) Discusses Ransomware Insurance, Damage Control & Legal Implications

Recent articles from Alvaka include:
- Navigating Ransomware Insurance Claims - A Practical Guide - This specialized form of coverage is designed to mitigate the losses incurred due to a ransomware attack. It often covers the costs associated with the attack itself, such as the ransom payment, restoration of data and systems, and any associated business interruption losses.
- How to Control Damage After a Cyber Breach - Provides immediate steps to take following a breach in order to resume operations safely.
- Legal Advice for Businesses Hit by Ransomware - Discusses legal implications and more. (LA)

Dave Berkus Provides Insights on Advisory Boards & Non-Compete Agreements

In this 45-second video, Dave and David Friedman talk about the importance of advisory boards.
AND, in recent articles - Are you afraid of non-compete agreements? and Gray areas in non-compete agreements?, Dave discusses rules regarding these agreements along with some "gray area" scenarios. (LA)

CuraeSoft (Mark Parinas) Addresses Efficient Meetings & Scaling Operations

In a recent post, CuraeSoft CEO Mark Parinas provides tips for running efficient meetings and conducts a poll on, "When it comes to virtual meetings, what does your firm struggle with the most?"
AND, in response to Mark's last poll on, "What is your firm's biggest challenge when it comes to scaling operations?," 43% of respondents chose "Standardizing processes." CuraeSoft's coAmplifi software enables companies to simplify complex processes and enhance operational efficiency as the business grows. (LA)

Eckert & Ziegler (Frank Yeager) Opens New Facilities for Radiopharmaceutical Plant Engineering

Eckert & Ziegler recently inaugurated its new 1,700-square-meter facilities in Germany - the Dresden-Rossendorf site produces and delivers high-tech systems for the production of radiopharmaceuticals worldwide and provides services for the handling and disposal of radioactive products in cancer medicine. (LA)

Envision Financial Systems (Satnam Gambhir) Explores Interval Fund Operations

In Gearing up for interval fund operations: Questions to ask yourself, Envision Financial Systems reports that a key consideration for investment managers and third-party service providers looking to manage the operations of interval funds is the need to think hard about where to "put" the funds, operationally. Envision provides seven questions to consider. (OC)

GIDEON Informatics (Uri Blackman) Joins Forces with TDNet for Cutting-Edge Research

GIDEON Informatics has announced a strategic partnership with TDNet, which will integrate GIDEON's extensive infectious diseases database into the TDNet Discover platform, offering 100,000+ content items, updated daily, to researchers, educators, and healthcare professionals worldwide - empowering decision-makers with real-time information. (LA)

Instil (Adam Miller, JD) Describes Goal Setting Steps for Capital Campaigns

In Starting Off Strong: Goal Setting for Capital Campaigns, Instil suggests several important steps. In summary, they include: defining your organization's vision and the key goals you want the campaign to fund; consider whether you have prospective donors who might give the largest gifts; if not, focus on building relationships; consider your technology stack; and assess your organization's willingness to take risks and adjust the goal accordingly. (LA)

myKaarma (Ujj Nath) & Sunbit Team to Provide Access to Flexible Payment Options

myKaarma has announced its integration with Sunbit, a company building financial technology for everyday expenses. The partnership will bring a "Buy Now, Pay Later" (BNPL) option, enabling approved customers to finance service and parts department orders.
ALSO, myKaarma announced that its myKaarma Surcharge now supports compliance with new Honest Pricing Laws that mandate, in California and elsewhere, that advertised prices for goods or services include all required fees or charges, promote price transparency, and protect consumers from deceptive advertising. (OC)

Nortridge Software (Greg Hindson) Shares How Data Analytics Transforms Loan Decisions

In How Data Analytics Transforms Loan Decisions, Nortridge Software shares how data analytics is revolutionizing the way loans are approved. By harnessing the power of vast datasets and advanced algorithms, modern lending institutions can now make more accurate, efficient, and fair decisions.
AND, in How Some Lending Software Supports Sustainable Lending Practices, Nortridge explains that "sustainable lending" incorporates environmental considerations, including the impacts of climate change, into financial decision-making. (OC)

Optimum Info (Arvind Verma) Expands into Latin America

Optimum Info (OI) has announced expansion into Latin America, with a dedicated presence in this new market.
ALSO, OI recently published two new success stories: Kia Italy Improves Network Planning and Performance Management with New Solution and East Manufacturing Reduces Costs and Improves Claim Processing Time. (OC)

ProProfs (Sameer Bhatia) Advocates Use of Email Popups

In Email Popups: 15+ Proven Examples & Best Practices, ProProfs explores how to leverage email popups to make a substantial impact, plus showcases 18 real-world examples. ProProfs also offers tips on designing popups. (LA)

The Joy Factory (Sampson Yang & Miranda Su) Publishes the Smart Factory Playbook

In The Smart Factory Playbook, The Joy Factory breaks down what it takes to successfully transition to a smart factory and how to overcome key challenges along the way. These includes defining your goals, investing in the right technologies, and ensuring data security. Challenges include high initial investment, legacy systems, data overload, skills gaps, and change management. (OC & LA)

Toast (Ken Neeld) Named to 2024 PEOPLE Companies that Care List

Great Place To Work and PEOPLE magazine have honored Toast (NYSE: TOST) as one of the 2024 PEOPLE Companies that Care. The List is based on over 1.3 million employee survey responses and data from companies representing the experience of more than 8.2 million employees.
ALSO, Toast published its Q2 2024 Restaurant Trends Report, providing insight into the overall state of the U.S. restaurant industry. (OC)

Marshall Toplansky on Populism & Progressivism

Recent episodes of Marshall's and Joel Kotkin's podcast, The Feudal Future, includes Populism Across Decades and Demographics - dissects the intersection of American populism with progressivism and the burgeoning influence of cryptocurrency, and more. (OC)

HEALTH TECH MEMBER NEWS
Welcome New Member: Todd Cornell, President and CEO of MedWand Solutions, Inc.
Todd Cornell

Todd joined MedWand Solutions, a pioneer in telehealth technology, in 2023 as COO and was promoted to his current leadership position early this year. The MedWand, a multi-sensor medical device, seamlessly integrates traditional tools and Bluetooth connectivity for vitals capture and remote patient evaluations to enhance efficiency, convenience, and access to care - regardless of physical location. The company offers advanced telemedicine solutions for multiple applications, including hospitals, remote clinics, nursing homes, schools, and workplaces. Todd began his career in the Medical Device industry by joining US Surgical Corp in 1994 as a Sales representative. This was followed by positions at Boston Scientific, Abbott Vascular, Emphasys Medical, Pulmonx Corporation, and Sirtex Medical before being named President of Broncus Medical from 2019 to 2023, prior to joining MedWand Solutions. Todd has joined ABL's OC Healthcare Round Table.

Eitan Medical (Roger Massengale) Provides Video Insights of Its Solutions

Eitan Medical recently published several episodes of "Infusion Side Chat," short video discussions about the company's devices and platform:
Episode #1 - Supporting Treatment Adherence with Remote Infusion Data using Sapphire Connect and Eitan Insights;
Ep #2 - Eitan Insights case study: Data visibility annihilates risk of potential litigation;
and Ep #3 - Eitan Insights case study: Optimizing management of high-risk patients. (OC)

Kaiser Permanente (Marcos Vasconcelos) Utilizes AI-Enabled Clinical Technology

Kaiser Permanente announced that a new assisted clinical documentation tool is now available to doctors and other clinicians at KP's 40 hospitals and 600+ medical offices. The tool, powered by ambient listening technology from Abridge, supports doctors and other clinicians with securely capturing clinical notes during visits with patients and helps them remain focused on talking with patients rather than on documentation or administrative tasks.
ALSO, read KP's recent article, AI in health care: 7 principles of responsible use. (BA)

Sheppard Mullin (Linda Igarashi) Examines AI Governance in Healthcare and M&A Transactions

In Key Elements of an AI Governance Program in Healthcare, Sheppard Mullin (SM) discusses an AI governance committee, policies and procedures, training, and auditing and monitoring.
AND, in M&A Transactions: Diligencing AI Issues with Target Companies, SM reports that it's increasingly important to identify and understand the unique legal risks associated with the use of AI technologies, tailor your diligence to investigate them, and include AI-specific reps and warranties in your deal documents. (OC)

TECH INDUSTRY NEWS & TRENDS
OpenAI Says New Artificial Intelligence Model Can 'Reason'

ChatGPT maker OpenAI recently unveiled a new artificial intelligence model that it says can "reason through complex tasks and solve harder problems" than its earlier models. The latest model, the first in a new series called OpenAI o1, can perform similarly to Ph.D. students on "challenging" benchmark tests in physics, chemistry and biology, the company said in a blog post. While the recently released model, known as o1-preview, has greater capability for complex reasoning, OpenAI noted that the last model it released, GPT-4o, may still be more effective for common uses. OpenAI reported the o1-preview does not have certain features that made earlier models useful, such as web browsing and file and image uploads. OpenAI also unveiled o1-mini, "a faster, cheaper reasoning model that is particularly effective at coding" and is 80 percent cheaper than o1-preview. (https://thehill.com/policy/technology/4878451-openai-unveils-new-ai-model/)

US Proposes Requiring Reporting for Advanced AI, Cloud Providers

The U.S. Commerce Department is proposing to require detailed reporting requirements for advanced artificial intelligence developers and cloud computing providers to ensure the technologies are safe and can withstand cyberattacks. The proposal from the department's Bureau of Industry and Security would set mandatory reporting to the federal government about development activities of "frontier" AI models and computing clusters. It would also require reporting on cybersecurity measures as well as outcomes from so-called "red-teaming" efforts like testing for dangerous capabilities including the ability to assist in cyberattacks or lowering barriers to entry for non-experts to develop chemical, biological, radiological, or nuclear weapons. (https://www.reuters.com/technology/us-proposes-requiring-reporting-advanced-ai-cloud-providers-2024-09-09/)

White House Launches Cybersecurity Hiring Sprint to Help Fill 500,000 Job Openings

The White House Office of the National Cyber Director launched a program recently to help fill the gap of about 500,000 available cybersecurity jobs across the country. Service for America will help connect Americans with available jobs in cybersecurity, technology and artificial intelligence. The program's major emphasis is to reach job candidates without traditional qualifications, such as computer science or engineering backgrounds. (https://www.cybersecuritydive.com/news/white-house-cybersecurity-500000-job/726162/)

NSA Advises: Turn Off Your Phone Once a Week + More Tips

In a Mobile Device Best Practices report, the National Security Agency (NSA) serves up a variety of tips designed to thwart hackers and attackers from assaulting your mobile device. For example, power your phone off and then back on at least once a week. This simple action can make it more difficult for hackers to steal information from your phone, though the agency cautions that this will not always prevent an attack. Other ways NSA suggests to protect yourself include:
- Update your apps and Use official app stores.
- Avoid clicking on links or file attachments in emails and text messages - common ways to trigger malware.
- Watch out for public Wi-Fi networks and avoid joining them when possible.
- Turn off Bluetooth when you're not using it to prevent an unauthorized device from connecting to your phone.
- Create a strong passcode with at least six digits to lock and unlock your phone.
- Enable your device's built-in facial or fingerprint scanning for greater security and convenience.
- Use only original charging cords or charging accessories from a trusted manufacturer. Avoid public USB charging stations.
- Disable location services when not needed. (https://www.zdnet.com/article/the-nsa-advises-you-to-turn-off-your-phone-once-a-week-heres-why/)

Wireless EV Charging May Be Just Around the Corner

Wireless charging for electric vehicles has taken a big step forward with a lightweight system developed by Oak Ridge National Laboratory and Volkswagen Group of America. The system uses a three-phase coil geometry to generate rotating magnetic fields that reduce field emissions while requiring just 10 minutes to charge an EV's battery to 50%. (https://www.asme.org/topics-resources/content/ornl,-volkswagen-succeed-in-first-270-kw-wireless-power-transfer)

Brain Implant Lets People Control Amazon Alexa with Their Minds

Synchron is developing a brain-computer interface that decodes brain signals to allow people with paralysis the ability to control digital devices with their thoughts alone. The company recently announced that its BCI can now be used with Alexa without the need for voice or physical interaction with a touchscreen. Mark, a 64-year-old with ALS, is the first person to do so with an implanted BCI. He could already operate an iPhone, iPad, and computer with his thoughts to surf the internet or compose emails. Synchron is one of several companies aiming to commercialize BCIs. (https://www.wired.com/story/synchron-amazon-alexa-brain-computer-interface-bci/)
MEANWHILE, Noland Arbaugh, the first human patient with a Neuralink brain-computer interface (Elon Musk's BCI company), is using the device to learn French and Japanese and to relearn math. Arbaugh, who has been in a wheelchair since a diving accident eight years ago, has had a chip implanted in his head to enable him to use the interface and help Neuralink staff to improve the technology. (https://futurism.com/neoscope/first-neuralink-patient-using-it-to-learn-new-languages)

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