Odin Technologies (Odin) was announced as the winner of the diagnostics startup track at the Pitch Perfect Contest that took place during the MedCity INVEST Conference in Chicago on April 23-24. Invetech, a leader in healthcare product development, custom automation and contract manufacturing, sponsored the competition track.
Odin, a Chicago-based startup, has developed an intelligent wearable medical device that is able to detect and track tissue perfusion, enabling non-invasive diagnosing of acute compartment syndrome. The syndrome, which is a complication arising from an increase in muscle pressure typically caused by internal bleeding following trauma, is challenging to detect and if diagnosed too late, can cause patients to lose their limb or their life. The wearable medical device eliminates the need to subject patients to needle injections and evaluations, providing a multifactorial diagnostic tool that will accurately measure patients at risk of developing compartment syndrome over long periods of time.
Odin’s Co-Founder and CEO Steven Hansen, ATC, MSc delivered the winning pitch. Mr. Hansen said, “The current standard is a needle injection that monitors tissue pressure, whereas we use optics to non-invasively monitor blood flow. We revolutionized the paradigm for diagnosing compartment syndrome because we are no longer looking at compartment syndrome as a pressure related injury but as a perfusion related injury.”
Competition sponsor Invetech is providing in-kind support in the form of diagnostic product commercialization services to Odin. Invetech’s President Andres Knaack said, “Odin’s intelligent wearable is a fantastic example of the disruptive innovation startups can bring into the healthcare sector. In developing their device, Odin took the time to understand the pain points of their end-users – in this case both the patients and caregivers – and came up with a unique product that is going to transform the way compartment syndrome is diagnosed, thus ultimately reducing healthcare costs.”
Applied directly on a patient’s skin, the wearable medical device communicates wirelessly with a computing hub where the data is analyzed using an artificial intelligence engine, allowing for a precise measuring of symptoms continuously and in real-time. Mr. Hansen said, “Combining our optical tools with new-age wearable computers and machine learning, we are able to provide meaningful metrics on compartment syndrome as it develops; something that could not have been accomplished 10 years ago.”
Of the many potential applications for Odin’s device, the Department of Defense has expressed strong interest in utilizing the diagnostic device for prolonged field care. Combat injuries resulting in fasciotomies are common in the field, and the Department estimates that almost 85% of their total fasciotomies are unnecessary.
The wearable medical device is expected to be available in the market by mid-2020.
Explore the Future of Blockchain Technology at SANS Minneapolis Cyber Security Training Event
SANS Institute, the global leader in cyber security training and certifications, today announced the agenda for SANS Minneapolis 2019 (#SANSMinneapolis) taking place August 12-17 in Minnesota. Course topics to include cyber defense, ethical hacking, penetration testing, SIEM, critical security controls, digital forensics, and security management. G. Mark Hardy (@g_mark), the founder and president of National Security Corporation will give an evening talk, “Blockchain: Building Better Business Models Securely”.
Hardy explains, “Blockchain as a technology has been proposed as a solution to everything from frictionless currency transfer to tracking cargo on ships. With over one billion dollars in venture funds invested and several hundred patents filed, every security professional must know the impact on organizations in terms of risk, volatility, and competitiveness. Join me in Minneapolis where we will explore the future of this technology. I’ll also share how to identify business processes at your organization that can be improved or enabled by blockchain.”
In addition to his talk Hardy will teach MGT514: Security Strategic Planning, Policy, and Leadership. This course provides students with the tools to become a security business leader who can build and execute strategic plans that resonate with other business executives. Students will learn how to create effective information security policy, and develop management and leadership skills to better lead, inspire, and motivate their teams.
SANS Minneapolis 2019 features cutting-edge courseware covering today’s most complex cyber security issues. Courses include SEC401: Security Essentials Bootcamp Style, SEC555: SIEM with Tactical Analytics, FOR572: Advanced Network Forensics: Threat Hunting, Analysis, and Incident Response, and SEC566: Implementing and Auditing the Critical Security Controls – In-Depth.
SOURCE SANS Institute
Praxis Cashier Onsite At iFX EXPO
Praxis Cashier, the leading Cyprus-based provider of online payment software and solutions, announced today that for the third consecutive year it will be participating in the iFX EXPO which runs from 21-23 May in Limassol.
The company has established itself as an innovator of new processing solutions, the latest of which offer lucrative opportunities for Internet businesses operating in Asia and Latin America.
The highly-experienced leadership of Praxis Cashier, backed by a top-notch staff, produces the fastest times for cashier launches on both new and existing brands. This includes integration times for new payment service providers.
“We have earned the right to say that we are the fastest integrator in the FX industry with multiple PSP integrations weekly,” said Amit Klatchko, Praxis Cashier’s founder and director. “And to top this off, we have earned an extensive roster of clients which includes quite a number of leading brands.”
Praxis Asia, which was unveiled in January at the iFX EXPO Asia in Hong Kong, targets FinTech and gaming firms with customers in China, Indonesia, Malaysia, Thailand and Vietnam. This service includes “Praxis Bridge” which allows enhanced customization and routing of deposit limits and methods when it comes to country, currency, affiliate campaign and almost any other parameter.
The software provided by Praxis Cashier offers key revenue-enhancing features, including – single integration allowing access to more than 200 payment solutions, a modular back office which allows customization, and automated routing to the best performing payment service provider.
The services offered by Praxis Cashier are integration and data transfer only, and do not include transaction processing. The company is PCI Level 1 compliant.
Praxis Cashier will be located at Booth #119 at iFX EXPO and will have personnel available to meet with prospective clients.
SOURCE Praxis Cashier
CEO-CMO Summit Vietnam 2019 will take place on May 31
How has the Vietnamese market changed with the trend of global digital racing? What do typical businesses have and will do to lead or catch up with competitors in this “race”? What do business leaders do to not be left behind? The answer will be found at the Vietnam CEO-CMO Summit Vietnam 2019 which will take place on this May 31.
The digital “revolution” in Vietnam and noticeable numbers
In recent years, Vietnam has become one of the potential markets for businesses with the development of smartphones’ platform. A report by the global Mobile Marketing Association (MMA) has shown that the increase in smartphone market penetration and the use of mobile data increasing in both urban and rural areas has “flared up” the budget for advertising on mobile devices in Vietnam. Approximately $77.1 million was spent in 2017, double the figure of $38.5 million in 2016, accounting for about 50-60% of the total budget for digital advertising activities of most major brands.
More notably, for about 70% of the population living in rural areas, mobile phones have become a basic communication tool and an integral part of many people’s lives and work. However, marketers still face many difficulties in reaching these targets because of the lack of market insight and consumer behaviour.
How does members of MMA react to this trend?
In the context that the digital “revolution” in the world in general and Vietnam in particular is happening at an extremely fast pace, many businesses have been adjusting their strategies to catch up with the era and consumer’s trend. Facebook – one of the board members of Vietnam Mobile Marketing Association (MMA) – has also taken a step forward with many breakthrough policies.
In the presentation at CEO-CMO Summit Vietnam 2018, Ms. Christy Le, former Facebook Country Director of Vietnam,emphasized: “Data is the tool to connect online users to offline.” Up to 90% of consumers shop at real stores, but 60% of them will decide to buy when they see products on the internet. Two online – offline platforms need to be coordinated and connected to effectively reach consumers and attract purchases. And according to her, data is the most effective tool to connect these two platforms.
Adtima – another member of the Management Board of MMA Vietnam is also a good example of business innovation to keep up with the digital race. “After the mobile era is the era of artificial intelligence (AI)” is the thought of Mr. Nguyen Anh Tuan, CEO of Adtima, when sharing about the journey and development orientation of technology companies. Based on users’ mobile behavior and habits, Adtima has succeeded in building an ecosystem of applications from music, news, chat, finance, … on mobile platforms.
However, for further development, advanced technologies such as AI need to be applied to connect users to the services and products they care about, towards convenience. He emphasized: “In the near future, Vietnamese people can use Zalo as their virtual assistant, like Safari, Cortana or Google Assistant.”
Meeting CEO – CMO Vietnam 2019 – opportunity to lead “racing” in the digital field
On May 31, 2019, CEO-CMO Summit Vietnam 2019 with the theme “Architect the Future of Marketing” will be organized by MMA with the participation of hundreds of leaders and marketers of large businesses from different industries in Vietnam.
In particular, the Summit will include Mr. Antoine De Carbonnel – Chief Commercial Officer of Go Jek will discuss the growth of shared services for developed countries. In addition, guest speakers Mr. Charles Ng – Deputy Enterprise Enterprise AI Appier and Mr. Bui Hai An – 7Eleven Digital Director will also analyze deeply to clarify the new trends in this “revolution” through key topics: How to segment audience and why it is important, CEO Panel – Data and development, the impact of E-business, Direct-to-Consumer approaches- new opportunities for brands, Take advantage of technology to connect the online and offline world, … This is a valuable opportunity for participants to update the latest knowledge and trends on how to use mobile channel in modern marketing.
In addition, joining the CEO-CMO Summit Vietnam 2019, attendees also have the opportunity to network with experts, as well as other marketers from domestic and foreign companies. Since then, individuals and businesses can join an active community, contributing to the development of marketing and mobile technology in Vietnam.
The CEO-CMO conference, organized by MMA Vietnam, will take place on May 31, 2019 at Mai House Saigon Hotel (District 3, HCMC). All CEOs and CMOs from businesses and brands are applying digital and mobile in marketing and business management activities as well as are interested in improvements of technologies such as AI, Blockchain, IoT … are welcomed at the Conference.
SOURCE MMA Asia Pacific Limited
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