UK and U.S. regulators build Brexit 'bridge' for derivatives

Reuters | February 25, 2019

Britain and the United States said on Monday that their regulators are taking every step needed to ensure that trillions of dollars in derivatives contracts traded across the Atlantic will not be disrupted by any type of Brexit. Derivatives are widely used by companies to hedge themselves against unexpected moves in borrowing costs or prices for raw materials. "Market participants can be confident that the clearing and trading of derivatives between the UK and U.S. will maintain the high standards of today when the UK leaves the EU," Bank of England Governor Mark Carney said in a statement.

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Protestors and supporters showed up in droves to make their point as President Donald Trump and First Lady Melania Trump visited first responders and mass shooting survivors.

Spotlight

Protestors and supporters showed up in droves to make their point as President Donald Trump and First Lady Melania Trump visited first responders and mass shooting survivors.

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GOVERNMENT BUSINESS

Octo Partners with Dataiku to Enable Data Science Collaboration

Octo | September 09, 2021

Octo, the premier pure-play IT modernization provider for the Federal Government, announced today it has partnered with Dataiku, a platform democratizing access to data and enabling enterprises to build their own path to AI in a human-centric way. The partnership enables Octo to further its commitment to collaborating with customers to provide mission critical solutions in defense, intelligence, health, finance, and law enforcement federal markets. Dataiku is a back-to-back leader in Gartner's "Magic Quadrant for Data Science and Machine-Learning Platforms." Their Data Science Studio (DSS) is a singular, end-to-end platform that enables mission owners, business analysts, data scientists, and data engineers to work collaboratively in developing and deploying machine and deep learning models. Dataiku was developed for skill-agnostic users who can interact with the software via high-code, low-code, or no-code interfaces. The general purpose platform for data science allows members of a data team to work together across all stages of any data project, including data access, data exploration, data preparation, model development, model deployment, and model monitoring. Cindy Walker, Vice President of Octo’s Data Science Center of Excellence said, “It’s all about improving outcomes, and to do that, we need to collaborate with our teams and our customers. Partnering with Dataiku allows us to even better deliver innovations and proven approaches to managing and using data and information to enhance the mission.” Rob Albritton, Senior Director of Octo’s AI Center of Excellence said, “In a field that is historically siloed, Dataiku democratizes data science across teams and various user personas while maintaining security. This is especially important as we work toward making tactical data accessible to soldiers, first responders, and teams in other sectors that depend on the ability of our data scientists to collaborate and find viable solutions.” Octo CEO Mehul Sanghani stated, “Octo’s culture of collaboration promotes partnerships like we have established with Dataiku. We are exceedingly pleased to be able to offer our customers alternatives in data science solutions to address their unique, complex challenges.” About Octo Octo is a technology firm dedicated to solving the Federal Government’s most complex challenges, enabling agencies to jump the technology curve. We don’t just modernize. We create lasting change through best practices that help agencies implement and integrate at-scale next-generation technology and innovation. With a mission and service first mentality, we provide Agile, DevSecOps, Artificial Intelligence, Cybersecurity, Blockchain, Cloud, Open Source, and Data Science solutions, collaborating to solve customers’ pressing problems. Headquartered in Reston, Virginia, Octo delivers proven technology vital to the intelligence community and health care, defense, national security, and civilian agencies that directly impact our nation. About Dataiku Dataiku is the world’s leading AI and machine learning platform, supporting agility in organizations’ data efforts via collaborative, elastic, and responsible AI, all at enterprise scale. At its core, Dataiku believes that in order to stay relevant in today’s changing world, companies need to harness Enterprise AI as a widespread organizational asset instead of siloing it into a specific team or role.

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GOVERNMENT BUSINESS

Accela Migrates Over 200 Data Center Customers to Microsoft Azure to Accelerate Digital Transformation

Accela | November 12, 2020

Accela®, a leading provider of cloud-based solutions for government, today announced it successfully completed over 200 customer migrations from Accela's data center-hosted solution to its SaaS infrastructure powered by Microsoft Azure, completing the project within just nine months. This move consolidates hosting previously spread across data centers and technologies and provides Accela the scalable foundation needed to dynamically respond to rapidly increasing demand for its cloud offering.

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GOVERNMENT BUSINESS

Planet Builds Business in State and Local Government Sector

Planet | November 24, 2021

Planet, a leading provider of daily data and insights about Earth, today announced a number of new contracts with state and local governments, including entities in the states of Alaska and Mississippi. Operating about 200 earth imaging satellites, Planet provides near-daily images of every terrestrial location on earth, enabling their customers to track environmental change, support regional enforcement efforts, and make informed decisions. Through their 7-month pilot program, Planet and the State of Alaska explored solutions for department managers that have historically been challenged by Alaska’s unique geography, marked by severe winter storms and remote landscapes. Notably, 82% of Alaskan communities are inaccessible by roads, and it is time consuming and costly to get boots on the ground for evaluations. Previously, employees would take small aircrafts to monitor approximately 50 weather stations across 90 million acres of land to determine when a station became snow-free. With daily PlanetScope images, their team was able to look back at satellite imagery day-by-day to determine the exact moment the station became snow-free, saving substantial time, costs, and energy, and increased the accuracy of the data collected. By decreasing the number of aircraft trips needed to these remote regions, Planet’s data also significantly increased employee safety. Using Planet’s SkySats, the State of Alaska was also able to support inspectors for mining operations. With more frequent visibility, managers tracked mining activity on a month-to-month basis to plan inspections and support regulatory enforcement. They further utilized PlanetScope and SkySat data to provide environmental situational awareness for wildfires and reveal final fire perimeters. Additionally, the state leveraged Planet imagery of forestland to determine enforcement policies prior to on-site evaluations. Using Planet’s datasets under a multi-department license, the State of Alaska ensures this data is shared through the State’s Imagery portal so that the imagery data can be used by various agencies. For example, the satellite data collected for mining inspection analysis by the Department of Mining Land and Water is also open and accessible to the State Department of Conservation, Fish and Game. By sharing this data across agencies, there is increased project transparency to support economic development and sustainability efforts. At the other end of the continental U.S., Planet’s satellite data also supports the Mississippi Department of Marine Resources (DMR). The Mississippi gulf coast is home to some of the nation’s most productive fin fish and shellfish waters. To ensure the sustainable use of these wetland ecosystems, the DMR works to regulate and restore these habitats yearly. Using PlanetScope imagery, the DMR was able to conduct necessary due diligence to protect wetlands and enforce accurate permitting programs. Wetland habitats are home to a variety of submerged aquatic vegetation, including seagrasses that are vital to the ecosystem. As part of their role, the DMR provides permits to allow clients to mitigate and transport sections of vegetation for coastal development. In one instance, a client reported that in their designated zone, the aquatic vegetation was no longer present and requested a permit modification. It was critical that the DMR was able to ensure that the movement of this growing vegetation was a natural phenomenon and not due to human interference, such as mechanical removal or obstruction of light from a barge. Using PlanetScope’s high-cadence imagery, the DMR team was able to go back day-by-day through the previous year to ensure that there was no man-made structure, barge, or interference to the vegetation on the site. They concluded that the species movement was indeed a natural phenomenon, and thanks to Planet’s high temporal resolution imagery, they were able to support the changing permit status with confidence. This case highlighted how daily transparency allowed the DMR to increase local enforcement and conduct their due diligence to keep the wetlands safe. As a new customer, the Mississippi DMR was able to see immediate results from Planet’s product; and they are now exploring further uses for the data. These explorations will dive into identifying point sources of wetlands sedimentation, monitoring seagrass movement, and evaluating tidal marsh health and water quality. By working with Planet’s high-cadence imagery, the DMR will be able to better gauge secondary and cumulative impacts when projects are implemented. Each year, more and more state and local governments are using Planet’s data to support their regional planning processes, manage their local industries, and protect their ecosystems. Their additional customers include the New Mexico State Land Office, the Port of Long Beach, Humboldt County, California, City and County of San Francisco, Autoridad Nacional de Licencias Ambientales in Colombia, the Florida Fish & Wildlife Conservation Commission and the County of San Luis Obispo in California. Working with state and local governments aligns with Planet’s goals to support communities and protect the environment. Earlier this year, Planet entered into a definitive merger agreement with dMY Technology Group, Inc. IV (NYSE:DMYQ), a special purpose acquisition company, to become a publicly-traded company. As it joins the public market, Planet will become a public benefit corporation (PBC), in which its mission will be encoded into its corporate DNA, obligating Planet’s directors to stay true to their mission as part of their fiduciary duty to their stockholders. Planet’s public benefit purpose is: “To accelerate humanity to a more sustainable, secure and prosperous world by illuminating environmental and social change.” About Planet Planet is the leading provider of global, daily satellite imagery and geospatial solutions. Planet is driven by a mission to image the world every day, and make change visible, accessible and actionable. Founded in 2010 by three NASA scientists, Planet designs, builds, and operates the largest earth observation fleet of imaging satellites, capturing and compiling data from over 3 million images per day. Planet provides mission-critical data, advanced insights, and software solutions to over 700 customers, including the world’s leading agriculture, forestry, intelligence, education and finance companies and government agencies, enabling users to simply and effectively derive unique value from satellite imagery.

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