Game-changing technology goes beyond conventional AI to perceive, understand, correlate, reason, and solve problems faster, with greater precision and reliability
March 4, 2024 – Beyond Limits, an industrial-grade AI software company, today announced its Beyond Limits Hybrid AI Platform designed to transform operational data and knowledge into intelligent decisioning workflows and actionable recommendations for optimizing mission critical applications.
Current AI approaches, reliant on large data sets and ‘black box’ in nature (no explanations for their results), fall short in addressing complex industrial conditions and constraints where failure leads to costly consequences.
In contrast, Beyond Limits Hybrid AI Platform empowers organizations to surpass conventional AI by attaining a human-like capacity to perceive, understand, correlate, reason, and solve problems swiftly and accurately, while adhering to safety and responsible AI standards.
Beyond Limits’ Hybrid AI Platform uniquely combines Symbolic AI reasoner technology with Numeric AI (machine learning, neural networks, and deep learning) models and generative AI to deliver intelligent recommendations and actions to front-line staff.
The Platform offers these powerful advantages:
Rami Qasem, EVP & Chief Commercial Officer for Beyond Limits Comments, “Beyond Limits’ Hybrid AI Platform focuses on challenges where other AI solutions fall short. Complex industries such as energy, healthcare, and finance simply have too much at stake to trust the decisions of a machine at face value, with no explainable understanding of its reasoning. Only our Hybrid AI Platform can rise to the challenge of explaining the “why” behind its decisions to become a trusted advisor to human decision-makers and delivering organizations significant ROI.”
How It Works
The Hybrid AI Platform knowledge component, KBOps (Knowledge Base Operations), provides subject matter experts with a no code AI system to capture and operationalize knowledge into automated, intelligent decisions at scale. KBOps allows organizations to apply their experts’ knowledge directly into their data and ML pipelines. Knowledge concepts are continuously evaluated against real-time operational data and processed through advanced reasoners to deliver real-time, contextual decision guidance to front-line workers and non-experts.
The Predictive Recommendation Engine (PRE) acts as a smart AI digital assistant delivering the Platform’s alerts, actions, and recommendations.
KBOps and PRE work together to transform machine learning derived predictions into insights that can be actioned. This trusted, explainable data can increase the speed and quality of decision making and reduce operating costs.
Jose Lazarus, Chief Product Officer for Beyond Limits stated, “Enterprise knowledge is fragmented, with a staggering 85% of data existing in an unstructured format. The departure or retirement of employees leads to the loss of crucial business insights, and valuable static knowledge is often siloed in separate systems, causing process bottlenecks and an inability to scale. Beyond Limits’ Hybrid AI Platform is the key to unlock this untapped AI value in the enterprise. With the Platform, businesses can harness the power of their unstructured data, enhancing customer experiences, refining products, and optimizing strategies. This transformative approach turns unstructured data into a structured, navigable asset, enabling businesses to drive efficiency, innovation, and strategic advantage in a competitive landscape.”
Contact our team to learn more about Beyond Limits Hybrid AI Platform at sales@beyond.ai.
About Beyond Limits Beyond Limits is an industrial-grade, Hybrid AI company that optimizes operations, boosts efficiency, and increases productivity for demanding industries including energy, advanced manufacturing, healthcare, and financial services.
Beyond traditional artificial intelligence, the company’s Hybrid AI Platform take a neuro-symbolic approach that uniquely combines human knowledge from domain experts with operational content to deliver solutions that reason, even with imperfect information. Trusted autonomy adapts to the degree humans need to be ‘in-the-loop’ for AI solutions to perform well in the real world to affirm trust in software-driven decisions, manage operational risk, and drive profitability.
Founded in 2014, Beyond Limits leverages a significant investment portfolio of advanced technology developed at Caltech’s Jet Propulsion Laboratory for NASA space missions. The company has been honored on the Deloitte Technology Fast 500; Frost & Sullivan 2023 Best Practices Award for Global Enabling Technology Leadership; and by Database Trends and Applications as one of their Awesome Companies in AI 2023.
For more information, please visit www.beyond.ai
At the recent ARC Forum, Jim Frazer, ARC VP, interviewed Leslie Rittenberg, Vice President of Product Management at Beyond Limits AI, where we discussed the role of AI in helping organizations digitize worker knowledge and optimize operations in real-time.
Beyond Limits AI started in the oil and gas industry and expanded into other industries that require digitization of knowledge to address the risk of losing important work or knowledge. The company helps organizations develop resiliency to workforce retirements, role changes, and capability gaps.
Ms. Rittenberg explained that Beyond Limits AI captures worker knowledge by allowing organizations to digitize it in a systematic way to optimize operations in real-time. To explain the capture of worker knowledge, Rittenberg used an example from Beyond Limits AI’s founder, who developed cognitive reasoning that went into the Mars rover. The technology allowed the rover to evaluate the situation around it and make human-like reasoning at the moment. Similarly, in a plant, an operator is managing multiple real-time sensors with dynamic plant constraints and changes in feedstock, requiring them to balance multiple tradeoffs at once. Beyond Limits AI helps operators make important decisions faster by presenting them with digitized knowledge in a readable format.
In addition, another important factor is the quickly declining number of workers in the energy sector. Decades of proficiency and essential knowledge are at threat of getting lost as more and more professionals approach retirement, taking with them decades worth of knowledge too valuable to simply disappear with its stewards. Our solution works to bridge the knowledge-loss gap by capturing and encoding veteran operator knowledge and then distributing essential expertise, best practices, and business logic across an entire organization so that it’s documented and easily transferrable to the upcoming generation of workers.
When it comes to implementation, Beyond Limits AI typically starts with a system to show how the organization can deliver better decisions in the moment across the entire system. Even in a plant, there are silos—and different operating units, maintenance, planners, and schedulers. There are so many decisions being made that depend on access to the right data and a swift, thorough interpretation of that data. Beyond Limits’ cognitive reasoning technology helps support decision-making where data might be difficult to interpret – and where it can be daunting to choose from many recommendations. Beyond Limits homes in at the place that impacts fuels production—right at the interface between engineers and operators in the plants. In the campaign plan execution workflow, operators are given objectives to satisfy, and they are also asked to choose from among a set of options. Given what they know, and the sea of data presented to them, they must decide what actions will best achieve their objectives at that moment in time. Varying individuals will make choices differently, and success will depend on many factors, including familiarity with the equipment, response time, understanding of priorities, and individual style/approach to problem-solving, just to name a few. By digitizing knowledge, organizations can have one source of truth, allowing them to focus on the most important thing for the frontline worker to deliver.
The system brings operators the most relevant data and recommends the most effective set of actions, considering various trade-offs. It also tracks how effective those actions were in achieving their objectives, highlighting the situations where the action was not taken so that barriers to execution or conflicting objectives can be resolved. This transparency is very valuable for finding instances where performance can be improved. Ultimately, the solution digitally clones best operators, codifies engineering best practices, and optimizes real-time performance to increase profitability.
Rittenberg stated that implementation is an iterative process, and she emphasized the importance of citizen development. The people working at the plant, such as the best operator or engineer, can collaborate and build on the knowledge, which helps capture opportunities on the back end and iterate on them. While it is unlikely to get the digitized knowledge 100% right the first time, the iterative process allows for improvement over time. Rittenberg provided an example of how Beyond Limits AI helped a major refinery that was complex and making a lot of changes. By concentrating on a particular system and iterating over a few months, the refinery consistently hit its commercial plan and improved by over 17% in the first two months.
Rittenberg acknowledged that some people get overwhelmed when implementing large software products like AI, but the iterative process allows organizations to capture opportunities and improve over time.
I added that trust builds over time as the organization goes down the incremental approach, which is important in building a relationship between the technology and the workers. Trust is particularly a conundrum in AI, as professionals in the energy and industrial fields are apprehensive to rely on results generated by a machine that operates as a black box—lacks transparency on how it arrived at these results. The risks are far too significant. This is where Cognitive AI—a key tenet of Beyond Limits’ offering—adds value, by providing explainable AI solutions with clear audit trails for humans to easily understand and consistently adopt. This also means that highly regulated industries such as energy, which operate within the most demanding environments and work with highly sensitive data, will be able to trust Cognitive AI to optimise their current operations.
In conclusion, Beyond Limits AI helps organizations digitize knowledge and optimize operations in real-time. The company’s approach involves an iterative process, collaboration, and citizen development, allowing organizations to capture opportunities and improve over time. By digitizing knowledge, organizations can have one source of truth and focus on the most important thing for the frontline worker to deliver. The incremental approach builds trust between technology and workers, making it an essential aspect of implementation.
Watch the full interview- HERE.
Companies to develop disruptive hybrid quantum AI algorithms, introduce a joint education and training offering, and explore quantum hardware collaboration in Singapore in this industry-first partnership.
Beyond Limits, a leading enterprise-grade artificial intelligence (AI) software company built for the most demanding sectors, has signed a Memorandum of Understanding (MOU) with IQM Quantum Computers, the European leader in building quantum computers, to drive the advancement of quantum AI technology within the Asia Pacific (APAC) region. The partnership, an industry first between quantum computing and AI, will explore technology breakthroughs and develop disruptive hybrid quantum AI algorithms, which rank among the top five technologies of the future by the Infocomm Media Development Authority of Singapore (IMDA).
As part of the MOU, Beyond Limits and IQM Quantum Computers seek to pioneer a Quantum AI education and training offering, and new product research opportunities by the end of this year. The companies will also develop industry use cases together within the next two years. In addition, the partnership will lay the groundwork for quantum hardware collaboration in Singapore, aimed at accelerating research and innovation within the regional quantum ecosystem.
“Quantum AI is a growing field of technology, and we see many cross-sector opportunities especially within heavy weight industries, from oil and gas and manufacturing to aviation, healthcare, and financial services. This strategic partnership enables us to leverage the power of quantum computers to future-proof AI algorithms, and help our customers reap the early benefits of commercial quantum computing. With our highly innovative technologies, strong research, and development capabilities, as well as presence within APAC, we are confident that together, we are able to support our customers to effectively address key challenges, such as material discovery for decarbonisation,” said David Liu, Executive Vice President, Global Partnerships and Channels, Beyond Limits.
Singapore, Malaysia, and Indonesia are home to some of the largest data centres in the world, and the planned joint offerings will be a unique differentiator for large-scale industrial enterprises within the APAC region. Both companies will leverage the combination of talent, world-class research, and a vibrant tech ecosystem to spearhead the region as a natural centre for quantum AI development in the near future.
“This partnership with Beyond Limits reinforces our commitment to quantum technology development in APAC. In line with our recent office opening in Singapore, we aim to accelerate research, development, and education of quantum technology through strategic private-public collaborations in the value chain. This MOU is one of the several initiatives underway in the region to strengthen our position as a trusted quantum computing leader here,” said Dr. Juha Vartiainen, Chief Operating Officer and Co-founder of IQM Quantum Computers.
“The quantum ecosystem in APAC is growing rapidly. Our partnership with Beyond Limits positions us as the first mover to leverage the competitive edge that quantum AI brings. We are excited to tap into these new opportunities together. With our technical track record and world-class expertise, combined with Beyond Limits’ cutting-edge cognitive AI solutions, we will integrate our innovative experience to better serve existing and new customers in the heavy weight industries,” said Raghunath Koduvayur, Head of Asia Pacific Business at IQM Quantum Computers.
While quantum computing and AI development have traditionally occurred in silos, Beyond Limits and IQM Quantum Computers are pioneers to have joined forces, harnessing their respective domain expertise. The partnership has great synergy as both companies are growth and science-driven scaleups that are focused on ground-breaking innovation, making them well-equipped to power quantum AI growth in APAC and effectively solve problems of the future for customers.
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Beyond Limits Asia-Pacific is an enterprise-scale AI company that optimises operations, boosts efficiency, and increases productivity for demanding industries including energy, advanced manufacturing, fintech and healthcare.
Beyond traditional artificial intelligence, Beyond Limits’ software products are powered by award-winning Cognitive AI technology, utilising a hybrid AI approach that combines data-centric techniques with embedded human knowledge to affirm trust in software-driven decisions, manage operational risk, and drive profitability.
Beyond Limits Asia Pacific is regionally headquartered in Singapore with operations in Hong Kong, Shenzhen, Taipei and Tokyo. The regional headquarters drives strategic investments for joint ventures and partnerships in Asia to expand Beyond Limits’ AI in verticals including financial services, led by the Hong Kong office, advanced manufacturing, led the Taiwan office, and the energy sector led by the Singapore, Shenzhen and Tokyo offices.
Founded in 2014, Beyond Limits leverages a significant investment portfolio of advanced technology developed at Caltech’s Jet Propulsion Laboratory for NASA space missions. The company was recently honoured by Frost & Sullivan as a Company of the Year for their 2021 Best Practices Award and by CB Insights on their 2020 List of Top 100 Most Innovative Artificial Intelligence Startups.
For more information, please visit www.beyond.ai.
IQM is the European leader in building quantum computers. IQM provides on-premises quantum computers for supercomputing centres and research labs and offers full access to its hardware. For industrial customers, IQM delivers quantum advantage through a unique application-specific, co-design approach. IQM’s commercial quantum computers include Finland’s first commercial 54-qubit quantum computer with VTT, IQM-led consortium’s (Q-Exa) HPC quantum accelerator in Germany, and IQM processors will also be used in the first quantum accelerator in Spain. IQM has over 250 employees with offices in Paris, Madrid, Munich, Singapore, and Espoo.
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(From left to right): Dr. Jan Goetz, CEO and Co-founder of IQM Quantum Computers
Beyond Limits recently announced the General Availability of a flagship product, LUMINAI Refinery Advisor – an AI for refinery cloud-based decision support software product that advises your operators on how to realize optimal refinery plans, guiding them to hit production planning targets while improving refinery operational and start-up dependability. Empower your operators to close the profitability gap in real-time, maximize efficiency, and operate closer to plan with this artificial intelligence-driven solution that captures the full refinery margin by upholding a holistic view of an entire site and making timely, transparent, and explainable recommendations.
“Only 40 percent of refiners delivered above-average returns over the past 10 years and 31 percent of the companies were negatively disrupted.” (Deloitte Insights)
“The addition of a symbolic AI approach, layered on top of conventional artificial intelligence methods, has been an invaluable technological advancement. Capturing and encoding domain knowledge, expertise, and best practices vastly reduces the amount of data necessary for AI applications to function effectively. The explainability factor that comes along with this approach establishes trust in the technology which has been invaluable for accelerating user adoption and configuration – as compared to long model training requirements for solutions that employ machine learning alone.” (Michael Krause, Senior Manager of AI Solutions)
The Society of Petroleum Engineers (SPE), a global industry organization, found that nearly 54% of its members are over 55 years old. 44% of Generation Y and 62% of Generation Z say a career in oil and gas is unappealing. (EY Global)
21 November 2021
Dubai, UAE
The expansion follows the company’s latest funding round led by UAE’s G42. The US-based pioneer in enterprise and industrial artificial intelligence launched a new product to accelerate the adoption of AI for companies in the energy sector.
UAE, Dubai, 21 November 2021 – Beyond Limits, a pioneer in industrial and enterprise-grade artificial intelligence (AI) technology, today announced its expansion to the Middle East. The company will be regionally headquartered in Dubai with operations across the greater EMEA region.
Drawing on AI expertise developed at NASA, Beyond Limits creates hybrid AI solutions for energy, utilities, finance, and healthcare powered by ‘Cognitive AI’ technology, designed to address complex challenges and as a result, elevate operational insights, improve operating conditions, enhance performance at every level, and ultimately increase profits.
The technology replicates human-like intelligence by combining numeric techniques like machine learning with embedded human knowledge to provide clear, reliable recommendations that can match the in-depth understanding and experience of human experts.
In response to the region’s accelerated digital transformation, Beyond Limits seeks to empower organizations to take advantage of the transformative benefits that AI technology can offer to support in the most demanding sectors they operate in. The new office, located in Dubai Internet City, will act as a platform for the company to drive its operations in MENA.
Beyond Limits recently partnered with G42, the Abu Dhabi-based Artificial Intelligence and Cloud Computing company, where the latter led a milestone funding round to boost Beyond Limits’ scale and reach in the Middle East across other markets, and to explore synergies between the two companies in applying advanced AI solutions.
AJ Abdallat, CEO of Beyond Limits, said: “Beyond Limits is very pleased to announce its expansion to the Middle East with a new office in the UAE and to be taking this important step in building our presence in such a dynamic region. “Countries in the region are always taking bold steps to establish a culture of innovation and set AI strategies that enable the digital transformation of their economies, and Beyond Limits is committed to using advanced artificial intelligence to close the skills gap and improve human performance. I believe that we have a lot of synergy with the leading industries of the Middle East, and we look forward to exploring the new opportunities that the region represents,” he added.
Peng Xiao, Group CEO, G42 said “We are pleased to see Beyond Limits establish a regional presence in the UAE, in response to the region’s accelerated digital transformation and increasing adoption of advanced technologies. Beyond Limits’ AI capabilities will bring new levels of intelligence and efficiency to high-impact sectors in the UAE and the region, helping drive future economic growth. We look forward to collaborating and co-creating with them to further strengthen our respective offerings, drive innovation and unlock opportunities for growth and positive progress, across a wide range of industries and societies.”
LEARN MORE ABOUT BEYOND LIMITS PRODUCTS HERE.
EY today announced that AJ Abdallat, CEO of Beyond Limits is a semifinalist for the Entrepreneur Of The Year® 2020 Awards in Greater Los Angeles. The awards program recognizes entrepreneurs who are excelling in areas such as innovation, financial performance and personal commitment to their businesses and communities. AJ Abdallat was selected as a semifinalist by a panel of independent judges. Award winners will be announced at a virtual awards event on Friday, October 2, 2020.
“Everyone hopes to be recognized for the passion that propels them day in and day out,” said AJ Abdallat. “Being an entrepreneur isn’t just a trade, it’s an active initiative that plays an important part in my everyday identity, disposition, and decisions. I’m honored that initiative has been acknowledged by such a prestigious program.”
Now in its 34th year, the program has expanded to recognize business leaders in more than 145 cities and more than 60 countries throughout the world.
To learn more about the Greater Los Angeles program, please visit www.ey.com/us/eoy/greaterla. Join the conversation on social media by following us @EY_EOYUS and using #EOYGLA.
Regional award winners are eligible for consideration for the Entrepreneur Of The Year National competition. Award winners in several national categories, as well as the Entrepreneur Of The Year National Overall Award winner, will be announced at the Entrepreneur Of The Year National Awards held in November 2020. The awards are the culminating event of the Strategic Growth Forum®, the nation’s most prestigious gathering of high-growth, market-leading companies.
Founded and produced by Ernst & Young LLP, the Entrepreneur Of The Year Awards are nationally sponsored by SAP America and the Kauffman Foundation.
In Greater Los Angeles, local sponsors include Platinum sponsor: Marsh; Gold sponsors: Avitas Wealth Management and Tangram; Silver sponsor: Cresa; PR sponsor: Olmstead Williams Communications.
Beyond Limits is a pioneering Artificial Intelligence engineering company creating advanced software systems that go beyond conventional AI. Founded in 2014, Beyond Limits is helping companies solve tough, complex, mission-critical problems and transform their business. The company applies a unique hybrid approach to AI, combining numeric AI techniques like machine learning with knowledge-based reasoning to produce actionable intelligence. Beyond Limits primarily serves industrial customers with advanced AI systems designed to apply human-like reasoning to solve complex problems, reduce risk, increase efficiency, decrease waste, and provide analytical horsepower to accelerate executive and operator decision-making.
Entrepreneur Of The Year® is the world’s most prestigious business awards program for entrepreneurs. The program makes a difference through the way it encourages entrepreneurial activity among those with potential and recognizes the contribution of people who inspire others with their vision, leadership and achievement. As the first and only truly global awards program of its kind, Entrepreneur Of The Year celebrates those who are building and leading successful, growing and dynamic businesses, recognizing them through regional, national and global awards programs in more than 145 cities in more than 60 countries. Please visit ey.com/eoy.
EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities.
EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. For more information about our organization, please visit ey.com.
Beyond Limits, a full-stack Artificial Intelligence software engineering company, is bringing their advanced AI solutions to Japan’s tech scene. The company recently announced a strategic partnership with system integrator REBOMIX to facilitate expansion into Japan’s market. The company also confirmed its presence at the 2019 Nikkei xTECH EXPO. As a pioneer in advanced Cognitive AI solutions for heavy industry and automotive applications, Beyond Limits leverages technology developed for NASA space missions to solve complex problems for the world’s most demanding industries. Now they are making headway to help forward-looking companies throughout Japan take their businesses to the next level in technology.
REBOMIX Partnership
Beyond Limits has partnered with REBOMIX, a Tokyo system integrator, to offer their expertise to Japan’s industrial market. REBOMIX’s consultation-centered collaboration efforts will enable Beyond Limits to gain traction for delivering powerful AI solutions by opening avenues to fresh prospects.
Beyond Limits at the 2019 Nikkei xTECH EXPO
Beyond Limits announcing their debut attendance at the Nikkei xTECH EXPO is a significant step in building the company’s footprint in the Japanese market. Beyond Limits’ Vice President of Emerging Markets, APAC – Diane Zuckerman, and the REBOMIX team will be showcasing their innovative technology at booth #2113 from October 9-11 at the Tokyo International Exhibition Center (Tokyo Big Sight).
Beyond Conventional Artificial Intelligence – Cognitive AI That’s also Explainable (XAI)
Beyond Limits powers solutions that go beyond the barriers of commonly employed conventional AI, to deliver a hybrid approach that combines numeric machine learning and deep learning techniques with higher-order symbolic AI. These Cognitive AI engines deliver human-like reasoning to provide clear, understandable solutions to complex problems. Unlike most “black box” AI techniques, Beyond Limits has pioneered “glass box” Explainable AI with encoded expert human knowledge to yield recommendations that can be understood by people and interpreted by machines.
ABOUT BEYOND LIMITS
Beyond Limits is a full-stack Artificial Intelligence engineering company creating advanced software solutions that go beyond conventional AI. Founded in 2014, Beyond Limits is transforming proven technologies from Caltech and NASA’s Jet Propulsion Laboratory into advanced AI solutions, hardened to industrial strength, and put to work for forward-looking companies on earth. Beyond Limits leverages this unparalleled innovation portfolio, along with proprietary cognitive technologies, to help companies solve tough, complex, mission-critical problems and transform their business. They apply a unique hybrid approach to AI, combining numeric AI techniques like machine learning with higher order symbolic AI and expert human knowledge to deliver intuitive cognitive reasoning and information. The result is faster, better decisions that reduce risk and increase revenue. For more information, please visit www.beyond.ai.
Media Contact:Edward YangFirecracker PRedward@firecrackerpr.com1-888-317-4687 ext. 702
The future of AI to be showcased before 1,000 venture capitalists, innovators, and executive leaders.
Beyond Limits CEO AJ Abdallat will be a key presenter at the annual Montgomery Summit in Santa Monica, California March 6-7.
Abdallat will present the company’s breakthrough approach to AI (artificial intelligence) to Montgomery’s global community of over 1,000 venture capitalists, innovators, and executive leaders. The presentation will showcase how Beyond Limits cognitive AI solutions go beyond conventional AI to solve complex business problems for the world’s most demanding industries.
Beyond Limits combines human knowledge with machine learning. Conventional “black box” approaches like machine learning, deep learning or neural networks cannot explain their reasoning. Beyond Limits delivers clear explanations of its cognitive reasoning in transparent, evidence-based audit trails, including risk and uncertainties. The company’s technology is a cognitive leap beyond conventional AI to a human-like ability to perceive, understand, correlate, learn, teach, reason and solve problems faster than existing AI solutions.
The company is transforming proven space and defense technologies from NASA and the U.S. Department of Defense into innovative solutions that address the emerging AI markets. These technologies were developed by a team of engineers at Caltech/Jet Propulsion Laboratory (JPL) over the last two decades and were funded by NASA and the Department of Defense to address their complex and far-reaching problems.
More than 2,000 private technology companies were nominated to present at the invitation-only Montgomery Summit. A select group of 140 companies were chosen, representing the most impressive and innovative companies in their fields.
“As a pioneer in artificial intelligence, we are delighted to share key innovations that our customers are using to transform their businesses. Our vision for the future is quite compelling,” said AJ Abdallat, CEO of Beyond Limits. “Because are origins are from Caltech and NASA’s Jet Propulsion Laboratory, it’s an honor to speak at the Montgomery Summit in our own backyard in Southern California.”
In addition to technology-oriented presentations from companies like Beyond Limits, Summit guests will hear from global leaders and panels of industry luminaires such as PayPal, Nasdaq, EY, JC2 Ventures, and Milken Institute. The Montgomery Summit also hosts ‘The Rise of the Female Entrepreneur’ program to highlight the growing number of female entrepreneurs, investors, and innovators. As Beyond Limits core values include diversity and inclusion, the company celebrates the fact that the program has grown to more than 450 attendees, including top female CEOs and partners from leading venture capitalist firms.
Learn more about the Montgomery Summit at https://www.montgomerysummit.com/
One of the challenges of using artificial intelligence solutions in the enterprise is that the technology operates in what is commonly referred to as a black box. Often, artificial intelligence (AI) applications employ neural networks that produce results using algorithms with a complexity level that only computers can make sense of. In other instances, AI vendors will not reveal how their AI works. In either case, when conventional AI produces a decision, human end users don’t know how it arrived at its conclusions.
This black box can pose a significant obstacle. Even though a computer is processing the information, and the computer is making a recommendation, the computer does not have the final say. That responsibility falls on a human decision maker, and this person is held responsible for any negative consequences. In many current use cases of AI, this isn’t a major concern, as the potential fallout from a “wrong” decision is likely very low.
However, as AI applications have expanded, machines are being tasked with making decisions where millions of dollars — or even human health and safety — are on the line. In highly regulated, high-risk/high-value industries, there’s simply too much at stake to trust the decisions of a machine at face value, with no understanding of a machine’s reasoning or the potential risks associated with a machine’s recommendations. These enterprises are increasingly demanding explainable AI (XAI).
The AI industry has taken notice. XAI was the subject of a symposium at the 2017 Conference on Neural Information Processing Systems (NIPS), and DARPA has invested in a research project to explore explainability.
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Beyond Limits is honored and excited to be listed in BuiltInLA’s 100 best places to work in Los Angeles for 2019! With a focus on pioneering innovation supported by a fully stocked kitchen, on-site gym, commuter benefits and more, our talented team specializes in solving tough, complex, mission-critical business problems that impact millions of people. Think you have what it takes? Check out our current career opportunities and apply to join the Beyond Limits team.
Beyond Limits was recently featured in an article from Power Engineering International, written by Matt Brown and Ravi Mahendra of Pöyry Management Consulting. Highlighting our partnership with BP, Brown and Mahendra list Investment Optimization as a key trend for the digitalization of energy in 2019. Read the full article here and explore our latest feature in the Journal of Petroleum Technology for a more in-depth look at our partnership with BP.
Want to learn more about our Cognitive AI technology in Energy? Take a look!
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