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Twelve Labs Leverages AWS to Transform Video Content Understanding with AI

Twelve Labs Leverages AWS to Transform Video Content Understanding with AI

technology 4 Dec 2024

At AWS re:Invent, Amazon Web Services (AWS) announced its partnership with Twelve Labs, a startup pioneering multimodal AI to enhance video content analysis. By building its foundation models on AWS, Twelve Labs empowers developers to create applications capable of deep video understanding, revolutionizing industries reliant on multimedia data.

1. Unlocking the Potential of Video Content:

  • The Challenge: Nearly 80% of global data resides in video format, yet much of it remains unsearchable.
  • The Solution: Twelve Labs’ AI models map natural language to video content, enabling applications to search, classify, and summarize videos effectively.

2. Transformative Applications Powered by AI:

  • Semantic Video Search and Text Generation:
    • Available on AWS Marketplace, these tools are tailored for industries like media, entertainment, sports, and gaming.
    • Example: Sports leagues use this technology to catalog footage or create highlight reels automatically.
  • Personalized Viewer Experiences:
    • Content creators can compile tailored highlight reels, such as action sequences starring a favorite actor.
    • Coaches can analyze athletes’ performance using precise video moments.

3. Key Foundation Models by Twelve Labs:

  • Marengo and Pegasus Models:
    • Provide text summaries and audio translations in 100+ languages.
    • Enable contextual searches to identify specific events or moments in video content.
    • Example: Matching spoken words to visual elements in sports or entertainment videos.

4. Advanced Technology Behind the Models:

  • Amazon SageMaker HyperPod:
    • Facilitates training of multimodal models using parallel compute instances.
    • Capable of processing videos, images, speech, and text for deeper insights.
  • Global Deployment:
    • With AWS Activate, Twelve Labs scales its technology globally while optimizing machine learning performance.

5. Strategic Collaboration for Future Growth:

  • Three-Year Agreement with AWS:
    • Enhances Twelve Labs’ model training capabilities.
    • Expands video intelligence services to new industries via AWS Marketplace.
    • Focus on reducing model training costs and improving operational efficiency.

6. Industry Impact:

  • Media and Entertainment: Automated content creation and tailored highlight reels.
  • Sports: Precision coaching tools for performance improvement.
  • Global Reach: Advanced video intelligence solutions delivered to a diverse customer base.

Twelve Labs, powered by AWS, is breaking barriers in video content understanding with multimodal AI. By integrating advanced technologies like Amazon SageMaker HyperPod, Twelve Labs is enabling industries to unlock actionable insights from video data, driving innovation and enhancing user experiences worldwide.

NIQ’s 2025 CMO Outlook Highlights AI-Led Transformation in Marketing

NIQ’s 2025 CMO Outlook Highlights AI-Led Transformation in Marketing

business 4 Dec 2024

NIQ, the leading consumer intelligence company, has released its annual CMO Outlook report, revealing key priorities for marketers in 2025. This year’s report highlights the transformative role of Artificial Intelligence (AI) in reshaping marketing strategies amidst economic challenges, with marketers focusing on long-term growth, data-driven insights, and cross-departmental collaboration.

1. AI at the Core of Marketing Functions:

  • GenAI Integration:
    • 72% of marketers use Generative AI (GenAI) for content creation.
    • Other applications include brand health measurement (67%), media planning (65%), and product development (30%).
    • GenAI enhances customer experiences by personalizing interactions and unlocking creative potential.
  • Marta Cyhan-Bowles’ Insight:
    • NIQ’s Chief Communications Officer emphasized that AI is becoming central to marketing, driving growth and efficiency across all functions.

2. Data-Driven Confidence Boosted by AI:

  • Competitive Edge through Data:
    • 81% of marketers use data to monitor performance.
    • 60% of data-driven organizations report high confidence in their analytics capabilities.
  • Challenges in Data Integration:
    • 31% of marketers struggle with connecting diverse data sources.
    • AI is critical for overcoming these challenges, enabling precise and cost-effective marketing measurement.

3. The Health of the Marketing Function is Improving:

  • CMO Outlook Index Trends:
    • A marginal increase in marketing function health, with notable improvements in Europe.
    • Enhanced alignment with the C-suite is driving innovation and strategic growth.
  • AI’s Role:
    • AI powers marketing innovation, enabling marketers to devise data-backed strategies for sustainable success.

4. AI Bridging the Gap Between Businesses and Consumers:

  • Consumer-Centric Product Development:
    • Tools like NIQ’s BASES Ad Explorer leverage AI to refine brand equity and understand consumer preferences.
    • AI enables marketers to test ad iterations, prioritize creative insights, and meet deadlines efficiently.
  • Enhanced Consumer Understanding:
    • AI delivers actionable insights that align marketing efforts with evolving consumer needs.

5. Collaboration Across Departments:

  • Cross-Functional Alignment:
    • Marketers are adopting CFO language to justify investments and collaborating with CTOs to optimize AI implementation.
    • 2025 will see enhanced teamwork between marketing, data analysts, and business leaders to integrate diverse data sources.
  • Breaking Down Silos:
    • Tighter collaboration is key to delivering unified, actionable insights that align with business goals.

NIQ’s 2025 CMO Outlook underscores the transformative power of AI in marketing. By embracing AI-driven strategies, marketers can enhance consumer understanding, optimize data usage, and foster cross-departmental collaboration, positioning themselves for sustained growth and innovation in a rapidly evolving landscape.

Adobe and AWS Expand Partnership to Bring Adobe Experience Platform to AWS

Adobe and AWS Expand Partnership to Bring Adobe Experience Platform to AWS

technology 4 Dec 2024

At AWS re:Invent, Adobe announced an enhanced collaboration with Amazon Web Services (AWS) to make Adobe Experience Platform (AEP) available on AWS. This strategic move empowers brands to deliver highly personalized experiences by leveraging real-time insights across online and offline channels. By integrating AEP applications with AWS’s robust cloud infrastructure, businesses can scale customer experience management with unmatched flexibility and security.

1. Adobe Experience Platform Now Available on AWS

  • Centralized Insights and Workflows:
    • AEP offers a single customer view for real-time personalization across channels.
    • Integration with AWS provides brands the flexibility to centralize workflows and scale operations efficiently.
  • Applications Available on AWS:
    • Adobe Real-Time CDP: Builds real-time customer profiles for impactful engagement.
    • Adobe Journey Optimizer: Enables personalized multi-channel customer journeys.
    • Adobe Customer Journey Analytics: Offers actionable insights for campaign optimization.

2. Industry Adoption of Adobe Experience Platform

  • Trusted by Leading Brands:
    • Companies like Coca-Cola, Major League Baseball, Marriott, and Panera Bread rely on AEP for superior customer experience management.
    • Teams use AEP to identify consumer preference shifts and deliver timely, meaningful interactions.
  • Enhanced Infrastructure for Scalability:
    • Upcoming availability on AWS will provide brands with secure, scalable solutions to activate customer insights faster.

3. Executive Insights on the Partnership

  • Anjul Bhambhri, Adobe Experience Cloud:
    • Highlights the critical role of AEP in delivering one-to-one personalization using AI to enhance productivity and ROI.
  • Kathrin Renz, AWS Industries:
    • Emphasizes the partnership’s focus on giving enterprises tools to scale customer experience management across current and future applications.

4. Benefits for Brands with AEP on AWS

  • Real-Time Audience Creation and Engagement:
    • Adobe Real-Time CDP helps brands target B2C and B2B audiences with updates as interactions happen.
  • Personalized Journeys Across Touchpoints:
    • Adobe Journey Optimizer enables seamless orchestration of experiences across web, mobile, and email.
    • The B2B Edition enhances coordination between sales and marketing teams.
  • Enhanced Campaign Analytics:
    • Customer Journey Analytics measures engagement across channels, providing detailed insights into AI-generated content performance.

5. Leveraging AWS Native Services for Efficiency

  • Streamlined Data Management:
    • AWS services like Amazon S3, DynamoDB, and Glue reduce operational overhead and accelerate workflows.
  • Seamless Integration:
    • Joint efforts by Adobe and AWS ensure smooth implementation of solutions, available through Adobe and AWS Marketplace by 2025.

6. Building on a Strong Foundation

  • Existing Adobe Solutions on AWS:
    • Adobe Experience Cloud applications already enhance marketing strategies with personalized digital experiences.
  • Vision for the Future:
    • The expanded partnership aims to redefine customer engagement with innovative AI-driven and data-centric solutions.

Adobe’s partnership with AWS marks a significant milestone in customer experience management. By bringing AEP to AWS, brands gain access to cutting-edge tools that combine real-time insights, scalable workflows, and personalized experiences. As this collaboration evolves, businesses can look forward to a future of deeper customer connections and data-driven growth.

Data Axle Partners with Databricks to Offer Unified B2B and B2C Data on Databricks Marketplace

Data Axle Partners with Databricks to Offer Unified B2B and B2C Data on Databricks Marketplace

technology 4 Dec 2024

Data Axle, a leader in data-driven marketing and business intelligence, has announced a strategic partnership with Databricks to offer its comprehensive business and consumer datasets on the Databricks Marketplace. Leveraging Databricks Delta Sharing, the partnership provides businesses with seamless access to actionable insights across clouds, regions, and platforms, fostering better alignment between B2B and B2C strategies.

1. Unified Data for Enhanced Decision-Making

  • Bridging B2B and B2C Strategies:
    • The integration of business and consumer data enables organizations to build a holistic understanding of their ecosystem.
    • Marketers can align B2B and B2C efforts, improving decision-making and campaign reach.
  • Use Cases:
    • B2B Marketers: Enhance AI models for targeted campaigns, such as reaching remote-working IT directors.
    • B2C Marketers: Use professional attributes to refine eligibility models for healthcare or mortgage plans.

2. Power of Databricks Delta Sharing

  • Streamlined Data Collaboration:
    • Delta Sharing enables frictionless access to data across platforms without replication.
    • Businesses can securely share data while ensuring governance and compliance.
  • AI-Ready Data Models:
    • Companies can enrich machine learning models and apply advanced analytics for marketing insights.
    • Supports verticals such as retail, finance, healthcare, and insurance in connecting data sources.

3. Executive Insights on the Partnership

  • Andrew Frawley, CEO of Data Axle:
    • Highlights the importance of accessible, integrated datasets for effective decision-making.
    • Notes the efficiency of Databricks Marketplace in securely sharing and collaborating on data.
  • Akram Chetibi, Director of Product at Databricks:
    • Emphasizes the significance of governance and compliance in working with business and consumer data.
    • Stresses the value of Delta Sharing in reducing operational risks and costs.

4. Key Benefits for Businesses

  • Comprehensive Customer Insights:
    • Databricks users gain a unified view of customers by integrating professional and consumer data.
    • Enhanced segmentation and targeting through AI-driven models.
  • Improved Operational Efficiency:
    • Access to enriched data without replication accelerates workflows and insights.
    • Companies can optimize marketing efforts across providers and systems.

5. Industry Impact

  • Future-Ready Solutions:
    • Businesses across industries can remain competitive with integrated data intelligence tools.
    • The partnership symbolizes a move toward accessible, actionable data-driven solutions.
  • Wide Adoption Potential:
    • Ideal for organizations in retail, finance, healthcare, and insurance sectors seeking better data alignment.

Data Axle’s partnership with Databricks marks a significant advancement in data intelligence. By offering integrated B2B and B2C datasets on the Databricks Marketplace, the collaboration empowers businesses to build AI-ready models, streamline workflows, and drive meaningful customer engagement. With governance and compliance at the forefront, this partnership sets the stage for more efficient and impactful data-driven marketing strategies.

Kaltura Launches AI-Powered Work Genie to Revolutionize Customer and Employee Engagement

Kaltura Launches AI-Powered Work Genie to Revolutionize Customer and Employee Engagement

video technology 4 Dec 2024

Kaltura, a leading Video Experience Cloud, has unveiled the beta launch of Kaltura Work Genie, an AI-powered agent designed to deliver hyper-personalized and immersive digital experiences for enterprise customers and employees. As businesses navigate an ever-changing landscape, Kaltura Work Genie aims to tackle the challenge of delivering timely and relevant information, transforming content discovery into an intuitive, real-time process powered by secure and verified organizational knowledge.

1. Redefining Customer and Employee Journeys

  • Generative AI-Powered Personalization:
    • Kaltura Work Genie harnesses generative AI to deliver highly personalized content in real-time.
    • It allows teams across marketing, sales, customer success, and learning development to create customized materials based on the specific needs and context of each user.
  • Improved Productivity and Engagement:
    • The platform boosts productivity, knowledge retention, and satisfaction by delivering content tailored to individual learning styles and needs.
    • Designed for both Customer Experience (CX) and Employee Experience (EX), Work Genie ensures a seamless and hyper-contextualized experience for all stakeholders.

2. Key Features of Work Genie

  • Hyper-Personalized Content Creation:
    • Automatically generates video snippets, podcasts, quizzes, and interactive materials that adapt to each user's knowledge, learning style, and preferences.
  • AI Accuracy and Security:
    • Kaltura Work Genie eliminates AI-generated misinformation by sourcing content only from an organization’s secure, verified knowledge base.
    • Ensures all data is sourced and managed within the organization’s closed-circuit system to maintain privacy and security.
  • Proactive Engagement:
    • The agent can proactively surface relevant content at the right time, enhancing user engagement and improving response times.

3. Impact on Enterprises

  • Diverse Industry Adoption:
    • Work Genie has attracted interest from Fortune 100 and 500 companies across sectors such as technology, finance, healthcare, pharma, and consulting.
    • Together, these companies represent over $2 trillion in market capitalization, employing over 1 million people globally.
  • Significant Benefits for Onboarding and Upskilling:
    • Early feedback from beta users highlights the platform's potential to improve customer onboarding, employee enablement, and reskilling initiatives, addressing skill gaps across industries.

4. Leadership Insight on the Innovation

  • Ron Yekutiel, Co-Founder and CEO of Kaltura:
    • Yekutiel emphasized the transformative potential of generative AI-infused, video-first experiences for enterprises.
    • He shared that Kaltura’s platform, already deployed in over 25% of Fortune 100 companies, now takes these organizations to the next level by boosting content creation, consumption, productivity, and overall business results.

5. The Future of AI in Business Engagement

  • Long-Term Impact on Digital Transformation:
    • As organizations seek integrated solutions to enhance both customer and employee engagement, Kaltura Work Genie offers a powerful tool for real-time content generation and AI-driven personalization.
    • The AI-powered platform represents the next step in the evolution of enterprise digital experiences, aligning with trends of increasing automation and personalization across industries.

Kaltura's launch of Work Genie signals a new era in enterprise digital experiences, combining the power of generative AI with immersive, video-first content to revolutionize customer and employee engagement. With its hyper-personalized content capabilities, privacy-first design, and proactive user engagement features, Kaltura Work Genie is poised to drive significant improvements in onboarding, upskilling, and business productivity across industries.

Vimeo Appoints Ryan Weeks as Chief Information Security Officer to Enhance Video Platform Security

Vimeo Appoints Ryan Weeks as Chief Information Security Officer to Enhance Video Platform Security

video technology 4 Dec 2024

Vimeo, the world’s leading video experience platform for both creators and enterprises, has announced the appointment of Ryan Weeks as Chief Information Security Officer (CISO). Effective immediately, Ryan will oversee Vimeo’s security, compliance, and risk management strategies, ensuring the platform remains the most trusted and secure option for professional video creators globally.

1. Vimeo’s Commitment to Secure Video Experiences

  • Focus on Security and Privacy:
    • As video becomes central to business communication, Vimeo has prioritized the security and privacy of its video assets.
    • CEO Philip Moyer emphasized that Vimeo aims to be the most secure platform for video creators, from individuals to large enterprises.
  • Ryan Weeks’ Leadership:
    • With nearly 20 years of experience in information security, Ryan Weeks is well-equipped to lead Vimeo’s security initiatives. His previous role as CISO at Datto, Inc. allowed him to build a robust security program from the ground up.

2. Ryan Weeks’ Experience and Vision

  • Proven Track Record:
    • Ryan has built and managed high-grade security platforms across various industries, making him an ideal fit to strengthen Vimeo’s security strategy.
    • He is known for his contributions to the cybersecurity community, including his involvement with the Ransomware Task Force to help mitigate ransomware risks.
  • Security Strategy at Vimeo:
    • Ryan will lead Vimeo’s security efforts by developing a comprehensive security, compliance, and risk management program.
    • His focus will be on ensuring Vimeo remains a reliable platform, enhancing trust among users and businesses.

3. The Role of Trust in Video Platforms

  • Growing Importance of Trust and Transparency:
    • With video becoming the primary medium for storytelling, Ryan Weeks stresses that trust and transparency are essential for differentiation in the market.
    • These factors are crucial for Vimeo as they seek to provide secure video experiences that foster long-term growth and success.

4. Vimeo’s Vision for the Future

  • Enhancing Security Across Platforms:
    • Ryan will continue to strengthen Vimeo’s security framework, building on its established reputation for secure video services.
    • His leadership will ensure Vimeo maintains its commitment to providing a safe environment for creators, businesses, and video professionals around the world.

Vimeo’s appointment of Ryan Weeks as Chief Information Security Officer marks a significant step toward reinforcing its position as the most trusted video platform. With his extensive experience in cybersecurity, Ryan is poised to lead Vimeo’s efforts in providing secure, private, and reliable video experiences for all users, from individual creators to global enterprises.

Zeta Global’s AI-Powered Economic Index Shows Positive Momentum for US Economy in November 2024

Zeta Global’s AI-Powered Economic Index Shows Positive Momentum for US Economy in November 2024

marketing 4 Dec 2024

Zeta Global, a leader in AI-powered marketing technology, has released the Zeta Economic Index (ZEI) for November 2024. Powered by Zeta's proprietary Generative AI technology and real-time consumer behavior data from over 240 million US consumers, the ZEI offers a unique and insightful view of the current state and trajectory of the US economy. For the first time since April 2021, the Economic Index Score (EIS) has risen above 70, signaling growing economic momentum as the holiday season begins.

1. Zeta Economic Index Score for November 2024

  • Economic Index Score Rise:
    • The EIS for November 2024 rose to 70.9 points, marking a 2.4-point increase from the previous month.
    • This increase signals a shift toward economic positivity, as the economy is showing resilience ahead of the holiday season.

2. Key Events Influencing the US Economy

  • US Presidential Election Conclusion:
    • The conclusion of the US presidential election boosted consumer confidence, playing a role in the improved economic outlook.
  • Federal Funds Rate Reduction:
    • The 25-basis-point decrease in the federal funds rate contributed to greater consumer optimism and market stability.

3. Positive Trends Across Key Sectors

  • Retail Sector Growth:
    • Retail sales activity surged by 7.2% month-over-month, reflecting the early stages of the holiday shopping season.
    • Retail engagement also rose by 4.7 points in November, driven by widespread promotions during Black Friday.
  • Travel and Automotive Sectors:
    • Consumer interest in travel rose by 5.5 points, aligned with record Thanksgiving travel numbers, signaling a rebound in the travel industry.
  • Job Market Sentiment:
    • The Job Market Sentiment saw a 13.9% month-over-month increase, indicating a stable and improving labor market. Unemployment applications reached a seasonally adjusted level of 213,000, the smallest increase in seven months.

4. Consumer Sentiment and Behavior Insights

  • Relocation Trend Surge:
    • A 34.7% month-over-month spike in searches for moving services and real estate suggests a growing trend of relocations, potentially driven by concerns over rising costs of living and potential tariff increases.
    • This reflects a sentiment of unrest and a desire for better living conditions among certain groups.

5. The Role of AI in Economic Insight

  • Generative AI and Consumer Behavior:
    • The ZEI leverages Zeta’s generative AI to analyze trillions of behavioral signals, producing real-time insights into economic sentiment and trends.
    • Unlike traditional surveys, the ZEI recalibrates monthly using over 20 proprietary data inputs, providing a more accurate and dynamic view of economic drivers.

The November 2024 Zeta Economic Index points to positive momentum in the US economy as it heads into the holiday season. Key sectors like retail, travel, and the job market are showing strong signs of growth, supported by rising consumer confidence and favorable economic conditions. Zeta Global’s AI-driven insights offer valuable real-time data for decision-makers looking to navigate these trends in the coming year.

Derek Dean Joins Aurora Payments as CRO to Accelerate Growth

Derek Dean Joins Aurora Payments as CRO to Accelerate Growth

business 3 Dec 2024

Aurora Payments, a leading full-service payment solutions provider, has announced the appointment of Derek Dean as Chief Revenue Officer (CRO) and Head of Commercial. Dean will spearhead the company’s revenue and marketing initiatives, leveraging his 25+ years of experience in technology and software to lead high-performing teams and drive growth. Reporting directly to CEO Brian Goudie, Dean’s appointment marks a strategic move to bolster Aurora Payments' position in the SMB payment solutions market.

  • Leadership Vision and Expertise

    • Derek Dean has a proven track record in corporate transformation and revenue growth.
    • Former roles include President and CRO at Syndigo, and Senior VP of Sales at Evercommerce.
    • At Evercommerce, he achieved 60% revenue growth in two years and integrated nine acquisitions into a unified platform.
    • Started his career at RELX, ascending to VP of Sales and P&L leader managing a team of 150.
  • CEO’s Perspective on Dean’s Appointment

    • Brian Goudie, CEO of Aurora Payments, emphasized Dean’s ability to align strategic marketing and sales initiatives with market analysis and customer insights.
    • Dean’s expertise is expected to accelerate the adoption of Aurora’s payment-agnostic solutions for SMBs.
  • Dean’s Vision for Aurora Payments

    • Dean highlighted Aurora’s innovation in payments and fintech as a driving factor behind his decision to join.
    • He aims to enhance SMB operations by leading sales and marketing teams to expand the adoption of Aurora’s purpose-built solutions.
  • Aurora Payments’ Recent Strategic Initiatives

    • Launch of flagship products, ARISE and Calendarise, designed to streamline payment processes for SMBs.
    • Other proprietary solutions include:
      • ARISE: Payment-agnostic platform for mid-market transactions.
      • Aurora-in-One (AiO): Terminal and business operations management for retail environments.
      • Calendarise: Comprehensive POS system for service-based SMBs.
      • NailSoft: All-in-one nail salon management system.
      • RISE CRM: Cloud-based CRM for managing and scaling businesses.

Derek Dean’s appointment as CRO represents a pivotal moment for Aurora Payments as it continues its trajectory of growth and innovation. With a robust suite of solutions tailored for SMBs, coupled with Dean’s leadership, Aurora is well-positioned to drive operational efficiencies, boost revenue, and strengthen customer loyalty in the payments and fintech industry.

   

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