Betsy DeVos and family see profits soar after Trump tax reform bill, deregulation efforts

CNBC | July 22, 2019

Betsy DeVos and family see profits soar after Trump tax reform bill, deregulation efforts
Business leaders and their companies have profited royally off of President Donald Trump’s pro-business policies. Secretary of Education Betsy DeVos and her family are among the groups that have seen an income boon of millions through their own investments since Trump’s tax reform plan was signed, according to her latest annual financial disclosure report. In 2018, DeVos’ total income had a valuation of at least $33 million through assets listed on her most recent public filing. The valuation of those assets was between about $200 million and $600 million.

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The Digital Charter established twin aims - to make the UK the safest place in the world to be online and to ensure the UK has the world’s best digital economy. The Charter aims to agree norms and rules for the online world, as part of our work to build a thriving ecosystem where technology companies can start and grow, and where citizens can have confidence that the Internet is a well governed space.

Spotlight

The Digital Charter established twin aims - to make the UK the safest place in the world to be online and to ensure the UK has the world’s best digital economy. The Charter aims to agree norms and rules for the online world, as part of our work to build a thriving ecosystem where technology companies can start and grow, and where citizens can have confidence that the Internet is a well governed space.

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GOVERNMENT BUSINESS

Deloitte Launches New AI Platform CortexAI for Government

Deloitte | February 01, 2021

As the new Administration and statehouses the nation over work to handle key needs across the elements of wellbeing, financial recuperation, environment and racial imbalances, information and its powerful use through arising AI innovations will be key empowering influences. To quicken the reception of AI in government, Deloitte today declared its new AI platform, CortexAI™ for Government. Intended to quicken AI sending among public area associations, CortexAI for Government consolidates demonstrated government and industry solutions with AI models, apparatuses and specialized designs tailored to help public area missions with an emphasis on AI quality, review and morals. "AI is more than technology. Through CortexAI for Government, we will help agency leaders and frontline public servants introduce new AI solutions and execute their organizations' missions more effectively and with reduced cost," said Ed Van Buren, principal with Deloitte Consulting LLP and leader of Deloitte's public sector AI practice. "We are also deeply committed to advancing the ethical use of AI so that its use in American government becomes a model for the commercial sector and the world." Solutions built on CortexAI for Government already serving government clients A few administrative organizations and state governments are now utilizing applications and solutions fueled by CortexAI for Government to drive their central goal, enable their workers, and better serve people in general. Quite, Deloitte's RegExplorer™, which utilizes AI to break down a huge number of guidelines, permits policymakers to rapidly recognize clashing or obsolete guidelines, improve and modernize guidelines, and empower significant change. "When you are trying to comb through regs at different state agencies, it takes a long time," said Carrie Kuruc, director of Ohio's Common Sense Initiative, speaking about RegExplorer. "When you have tech that can do it quickly, you take it in a heartbeat." Democratizing AI for wide government adoption and deployment CortexAI for Government gives a blend of on-platform, mission-situated applications and solutions and in-platform models, instruments and curated informational collections. Planned explicitly to address the issues of government customers, CortexAI for Government can send and scale regardless of where an office is in their AI modernization venture. "CortexAI for Government is an innovation platform that enables organizations to quickly operationalize AI capabilities and address specific mission and mission support needs," said Mark White, principal, Deloitte Consulting LLP and lead for CortexAI for Government. "That means agencies can drive new capabilities quickly and at a larger scale, while also saving government resources." About Deloitte Deloitte provides industry-leading audit, consulting, tax and advisory services to many of the world's most admired brands, including nearly 90% of the Fortune 500® and more than 7,000 private companies. Our people come together for the greater good and work across the industry sectors that drive and shape today's marketplace — delivering measurable and lasting results that help reinforce public trust in our capital markets, inspire clients to see challenges as opportunities to transform and thrive, and help lead the way toward a stronger economy and a healthier society. Deloitte is proud to be part of the largest global professional services network serving our clients in the markets that are most important to them. Now celebrating 175 years of service, our network of member firms spans more than 150 countries and territories.

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GOVERNMENT BUSINESS

Hadean's Web 3.0 Tech to Power Ministry of Defence Project

Hadean | November 25, 2021

Web 3.0 start up, Hadean, today announce they have successfully secured a project with the MoD's Defence and Security Accelerator. Providing a joint solution along with Cervus, they will be working with British Army's Headquarters' Futures Team over the next 12 months to deliver "The Forge". The decision support system uses a number of emerging distributed and spatial web technologies designed to solve DASA's 'Simulating Future Battlespace Complexity' challenge. This joint venture speaks volumes to the power of true innovation that occurs within smaller companies. Increasingly complex battlespaces and new forms of threat require a data-driven approach for analysing scenarios to provide the optimal decision, but a number of incumbent processes remain inefficient. Often decisions are made through lengthy deliberations between various experts. These conversations may involve compromises, counter arguments and often subjective viewpoints. The nature of this process results in a slow to action organisations that can miss key deadlines and risk serious negative outcomes. The Forge looks to automate this process using a combination of new web 3.0 technologies. At the foundations, the Hadean Platform delivers the high demand computation in order to sufficiently power the parallelised simulations. It does this through a distributed cloud solution that offers invariant scalability across any on premise, cloud or edge environment. On the front end, these simulations are realised by Cervus and then run through their analytics engine. "Defence is undergoing an infrastructural uprooting in the shape of distributed computing and web 3.0 technologies. This joint contract between Cervus and Hadean with the MoD demonstrates a commitment to digitalisation in order to gain the technological upperhand by leveraging our combined solutions. In the same way that social interaction is changing in the form of the metaverse, single synthetic environments for the military are becoming more complex and immersive. Additionally, our platforms are enabling in depth analysis of defence scenarios, providing real time decision support to decision makers. Hadean's scalability provides the compute power necessary for these demanding applications." Hadean CEO, Craig Beddis Alan Roan, MD of Cervus.ai, said "Cervus are immensely proud to be working with our partners at Hadean. The compute power needed to run multiple simulations to quickly examine different courses of action has limited the way we deliver decision support to date. Integrating our analytics engine, Hive 2.0, with MAK and Antycip's world class simulation products and Hadean's distributed computing platform, will significantly reduce the associated costs and increase the speed of wargaming and experimentation. We also recognise training and operation applications in this capability, similar to those which we recently demonstrated at the recent Army Warfighting Experiment 21 and we look forward to prototyping at pace, alongside the British Army, supported by the excellent DASA team." Introducing The Forge The Forge is a three pronged approach to delivering operational insights: Top down – from policy or operational drivers (planned capability/architectural innovation) Bottom-up – from lessons learnt and capability gaps (contingent improvement/incremental innovation) Solution-led – from technology opportunities, COTS/MOTS, or politically driven decisions(opportunity exploitation/ disruptive innovation) It creates powerful, workable solutions by: Developing and testing innovative solutions to pressing strategic issues, capability gaps and operational optimisation. Injecting agility into the strategic decision cycle, enabling continuous testing of concepts, and the rapid development of capabilities and doctrine Enabling effective outcomes to avoid technology shock, counter adversary and reduce operational risk across the breadth of operations At a foundational level, the distributed cloud platform provided by Hadean does the computational 'heavy lifting', running and orchestrating simulations and interaction between them. Together with Cervus, Hadean's technologies deliver a more automated approach that is currently defining emerging trends in IT. This project will further bolster the significance of web 3.0 technologies, across verticals and, demonstrates the Ministry of Defence's commitment to innovation, and working with disruptive organisations. About Hadean Founded in 2015, Hadean are a venture backed startup, reimagining distributed, spatial and scalable computing for web 3.0 and the metaverse. The distributed cloud platform provides the foundations of web 3.0 applications for the metaverse, enterprise organisations and the defence sector. Customers include CAE, Microsoft, Minecraft, the Francis Crick Institute and Cervus.

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GOVERNMENT BUSINESS

Workday Announces Entry into the U.S. Federal Market

Workday | August 19, 2021

Workday (NASDAQ:WDAY), a leader in enterprise cloud applications for finance and human resources, today announced it has achieved Ready status for the Federal Risk and Authorization Management Program (FedRAMP) at a Moderate impact level. With this achievement, Workday materially advances its position to help federal agencies accelerate IT transformation and gain real-time insights to address critical challenges across workforce development, compliance, financial sustainability, and more. Entry into the federal market will mark a significant milestone for Workday and its opportunity for growth, building on the company’s established history of providing finance, HR, and payroll applications to public and private sector organizations at scale. With Workday Government Cloud, the company’s forthcoming FedRAMP Moderate offering, federal agencies will have access to a portfolio of enterprise cloud applications, including Workday Human Capital Management, Workday Financial Management, Workday Payroll, and Workday Prism Analytics. With Workday, federal agencies will be able to: Address Critical Workforce Needs: The federal sector is facing highly complex issues, ranging from a lack of new workers to replace a retiring workforce, to an urgent need to address diversity in the workplace. With Workday Government Cloud, federal agencies will be able to access real-time data to gain insight into their workforce so that they can effectively tackle these issues. Better Manage Finances: During this period of rapid change, federal agencies must be able to break out of the constraints of complex hierarchies and better manage their resources. Workday Government Cloud can help them make informed budgetary decisions by tracking key financial performance indicators while adhering to compliance rules in real time. Keep Pace with Regulation: Workday Government Cloud provides federal agencies with tools they need to navigate a rapidly changing regulatory environment so they can make quick decisions as the landscape shifts. FedRAMP is a government-wide program that provides a standardized approach to security assessment, authorization, and continuous monitoring for cloud products and services. It helps the U.S. government adapt from legacy IT to secure cloud-based solutions. The U.S. federal market is one of the largest and most complex enterprises in the world, which will now benefit from Workday’s established success and industry-leading best practices in a range of markets including healthcare, financial services, education, hospitality, and retail, to name a few. Workday is listed on the FedRAMP Marketplace, and Authority to Operate at the Moderate level is currently estimated in Spring 2022. Comments on the News: “At Workday we have a long-standing reputation of helping public and private sector organizations make informed HR, finance, and planning decisions so our entry into the federal market is a natural progression in our growth strategy,” said Chano Fernandez, co-CEO, Workday. “The federal sector is facing unprecedented levels of change and complexity, ranging from increasing scrutiny on expenditures to managing its evolving workforce in a post pandemic world. Our goal is to bring federal agencies the support and insights they need, so they can focus on what matters most -- making informed decisions as organizations evolve and supporting their employees in a changing world.” "It's imperative for federal organizations to have the financial management solutions to become more efficient and transparent in fiscal management, and HR solutions that support agencies in quickly and easily recruiting, hiring, training, and retaining professionals with the breadth and depth of competencies required for a 21st century workforce," said Adelaide O’Brien, research director, IDC Government Digital Transformation Strategies. “Cloud solutions are the primary catalyst for such transformation, and enable agencies to become digitally resilient." “Now more than ever, federal agency leaders are seeking new ways to empower their people so they can be agile, resilient, and capable of scaling and adapting quickly,” said John Goodman, CEO, Accenture Federal Services. “As one of Workday’s largest services providers, we continue to invest and innovate together to help clients make rapid and lasting change a reality and to deliver real value for the federal workforce.” About Workday Workday is a leading provider of enterprise cloud applications for finance and human resources, helping customers adapt and thrive in a changing world. Workday applications for financial management, human resources, planning, spend management, and analytics have been adopted by thousands of organizations around the world and across industries—from medium-sized businesses to more than 45% of the Fortune 500.

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