Transp Data Summit Logo - TransparentDuring the 2018 Capital Data Summit’s  Spotlight on a Successful Local Big Data Firm and One of Its Local Venture Capital Investors panel, David Link, CEO of ScienceLogic, and Patrick Kerins, special partner, New Enterprise Associates, shared their unique insights into establishing and growing a successful big data firm in the Greater Washington region. Rodney Lusk, Director, National Marketing Division, Fairfax County Economic Development Authority, moderated.

Scroll below for full video from the panel!

Among the key points arising from the discussion:

  • Passion for solving a specific problem is inherent to launching any tech company; investors need to share in that passion
  • The Greater Washington region’s strong product areas in cybersecurity, biopharma and deep history in the roots of the Internet provide top opportunities for investing
  • Venture capital organizations enable startups to “see around the corner” and accelerate engagement with external stakeholders in a vital way

Full panel video:

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Tech Talent Initiative Logo - For WebIn 2017, more than 20 NVTC member companies joined forces in NVTC’s Tech Talent Employer Collaborative (TTEC) to address their technology workforce needs associated with two specific positions: cybersecurity engineers and software developers. NVTC staff facilitated a series of meetings and activities, applying a proven supply chain management best practice-based methodology to help drive the development of a regional workforce with the skills our tech employers need.

2017 TTEC accomplishments include:

  • Forecasting of talent demands for both positions
  • Establishing a shared set of competencies and requirements
  • Analyzing the major sources of this talent and talent flows
  • Identifying local Preferred Talent Providers

NVTC is excited to announce the continuation of the TTEC and its expansion, both in focus and participation. In 2018, the TTEC will continue its work, adding data analytics and network infrastructure while maintaining focus on cybersecurity and software development. The goal is to assist participating tech employers by increasing the number of qualified candidates to fill open positions in the region.

Can your company benefit from networking and strategizing with other local companies to produce improved workforce results?

HR/talent acquisition leaders knowledgeable about their organization’s current human capital demand and future needs are invited to join our kickoff meeting scheduled for Thursday, April 5 from 1:30 p.m. to 3:30 p.m. at a location in the Tysons-Dulles corridor.

For more information about our Employer Collaborative and meeting details, email NVTC Research and Strategic Initiatives Manager John Shaw.

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Big Data: A Vehicle for Value Creation

March 19th, 2018 | Posted by Alexa Magdalenski in Capital Data Summit - (Comments Off)

The second annual Capital Data Summit took place on Feb. 28, 2018 at The Ritz-Carlton, Tysons Corner. NVTC continues to share original content and video from the event.


Ruh v1Bill Ruh, CEO of GE Digital, and Senior Vice President and Chief Digital Officer at GE, opened the 2018 Capital Data Summit morning session with keynote remarks, discussing GE’s digital journey. Ruh highlighted how digitization is transforming business models across every industry, from automotive to industrial to telecommunications. He emphasized how digitization is driving new insights that enable companies to offer a more compelling user experience and deliver more value to customers.

Here are some other key themes that emerged from Ruh’s keynote:

  • The digital shift and embracing big data cannot move forward without a cultural shift in organizations. This requires strong investment in employees and that may mean upskilling current employees
  • Data rights will become exponentially important as the amount of big data and the demand for real-time insights expands; who owns the data?
  • Data analytics is a vehicle for value creation

Video full video from Ruh’s remarks below:

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On March 14, over 100 members of the region’s technology, workforce, recruiting and education communities convened at CIT in Herndon for the NVTC Workforce and Education Committee and Fairfax County Economic Development Authority’s Best Practices in Talent Recruitment panel event and Talent Provider Showcase.

ABBTECH Professional Services President Threase Baker, Altamira Technologies Corporation Chief Human Capital Officer Ray Khuo and Deloitte Federal Talent Acquisition Leader Kendy Rusiewski headlined an engaging panel session which was moderated by Tonia Patt, Principal at My Talent Consultant. Panelists discussed their involvement in the NVTC Tech Talent Employer Collaborative which brings NVTC members together to explore the current and future talent needs of the region’s technology employers and instituting programs to positively affect the development of a workforce with the right skills and competencies.

Speakers shed light on some of the challenges they face in recruiting tech talent in the region. Some of these recruiting challenges include:

  • Long delays for secret clearance positions due to the lengthy security clearance process
  • Finding talent with the necessary certifications, especially in cybersecurity, and the difficulties candidates face with transitioning certifications from one position to another
  • Developing attractive benefit packages
  • Building a well-rounded recruiting team with passion and high-level communications skills

Panelists also highlighted their best practices for tech recruiting. Some of these include:

  • Referrals: the majority of panelists agreed referrals were a top pipeline for getting qualified candidates in the door
  • Utilizing innovative technologies like AI to find qualified talent and using technology to tap into the social and professional networks for high-performing current employees in order to “meet them where they live”
  • Engaging with the potential talent pool earlier through involvement in in high school STEM programs and college co-op and internship programs

The event also featured a Talent Provider Showcase where attendees connected with the region’s academic institutions and talent providers and learned about how their tech-focused programs producing graduates with the most in-demand skills.

March 14 panel v1

March 14 Showcase v1

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2018 Capital Data Summit: AWS Keynote

March 15th, 2018 | Posted by Alexa Magdalenski in Capital Data Summit - (Comments Off)

The second annual NVTC Capital Data Summit took place on Feb. 28, 2018 at The Ritz-Carlton, Tysons Corner. The Summit’s second keynote was provided by Alan Halachmi, Senior Manager, Solutions Architecture, Amazon Web Services, and Ben Snively, Principal Solution Architect, Data and Analytics, Amazon Web Services.

Halamachi discussed the rapid growth of the big data ecosystem through connected devices, cloud computing and more, and shared how organizations must have strong metadata management and accessibility in order to fully leverage real-time data insights. Snively shared how Amazon Web Services’ analytics solutions in artificial intelligence and deep learning are being put into practice to serve a variety of customers and causes. Snively highlighted the radical shift today in how people are interacting directly with systems, creating more data than ever, and driving demand for rapid insights at the edge.

View full video from AWS’ keynote below!

Snively v1 Halachmi v1

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Is your organization a startup or in its early stages? In their new member blog, Alvarez & Marsal Taxand shares opportunities around the 2018 Qualified Small Business (QSB) R&D Tax Credit for your small business. Read on to learn more!


AM_Taxand_Logo_Wordmark_color (2)Last year, many early-stage companies significantly reduced payroll taxes thanks to a new federal tax credit including many of our startups in the tech industry. The Qualified Small Business (QSB) R&D Tax Credit, passed into law in 2015, allows qualified small businesses to offset OASDI (i.e. social security) taxes with R&D tax credits originally claimed on federal income tax returns. The 2018 calendar year presents yet another opportunity for companies to realize these savings. How are these credits achieved?

1. Assess Eligibility – Companies must have less than $5MM of revenues and no revenues prior to 2013. The credit is most applicable to companies with early and high expenditures in R&D before starting to generate revenue. Common examples include companies in deep technology, biotech & life sciences, and manufacturing. Further, companies with at least $300K in annual payroll are most-likely to realize a material benefit.

2. Plan Ahead – Companies seeking QSB R&D Credits this year must first claim the credit on 2017 federal income tax returns. Since a company may not amend an income tax return for the credit, it is important that companies interested in this credit NOT file federal income tax returns without first assessing whether or not they qualify for the credit. Remember, savings cannot be realized until one quarter AFTER the income tax return is filed. Thus, if you’re planning on taking advantage of the QSB Credit opportunity DO NOT WAIT! 2017 Returns must be filed before March 31st, 2018 if you want to bank these savings by the second quarter of 2018.

3. Seek Assistance – While QSB Credits often produce significant savings, they are not a “free lunch.” Not only do companies without experience in this area run the risk of leaving savings on the table, but they could also incur interest and/or penalties related to payroll tax mistakes. Reach out to an advisor for assistance in assessing if QSB Credits make sense for your business.

Our team at Alvarez & Marsal Taxand is ready to assist any company interested in these savings. For more information, please click here.

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NVTC’s latest guest blog post is by Michael J. Redding, Managing Director – Strategic Technology Innovation, Accenture Ventures. Accenture is a professional services firm that answers real business challenges for their clients through innovation and deep industry knowledge. Find out how on March 22, 2018 when Redding presents Accenture’s 2018 Technology Vision trends at a special networking event with NVTC and Accenture.


By Michael J. Redding

Accenture-Marquee-TV18 (1)

We’re moving into a time where continuous technology innovation and acceleration is the new normal. Technology is reshaping our daily lives, and it’s shaping society as a whole.

For companies to weave themselves into the fabric of peoples’ lives requires a new level of trust. It’s not just business. It’s personal. And leading companies are seeing strong correlations between trust and growth. They’re thinking beyond their direct business goals, to how they connect with their communities and the people who live in them.

Accenture’s annual Technology Vision looks at the top trends that will have the greatest impact on enterprises over the next 1-3 years. This year’s report, themed Intelligent Enterprise Unleashed, looks at the following trends that leverage disruptive technology to build the types of connections being sought by customers, citizens, employees, and business partners. The type of connections that can lead to business growth.

Trend #1: Citizen AI: By “raising” AI responsibly, businesses will create a collaborative, powerful new member of the workforce.

Trend #2: Extended Reality: Immersive experiences are changing how we connect with people, information, and experiences.

Trend #3: Data Veracity: Businesses must adapt existing capabilities to combat a new kind of vulnerability: inaccurate, manipulated, and biased data that leads to corrupted business insights.

Trend #4: Frictionless Business: To fully power the external technology-based partnerships they depend on for growth, companies must first move on from internal legacy systems and re-architect themselves.

Trend #5: Internet of Thinking: Enabling intelligence for the next generation of technology demands an overhaul of existing infrastructures.

TechVisionDemo-Dallas-3Bringing the Accenture 2018 Technology Vision to life through engaging demos. 

 

Technology is the enabler to a bigger role and better partnerships for your Intelligent Enterprise–and a brighter future for us all.

Do you know how you will reimagine and reinvent your business? How will you use these trends to drive growth and differentiation? How will you partner with people, and what expanded responsibility do you have in society? Join me on March 22nd for a deeper dive into these trends, hands-on demos, and discussion about the new opportunities technology can bring.

Mike Redding-DrDemo-Dallas Caption: Michael Redding and Ben Holfeld a.k.a. “Dr. Demo” of Accenture, both will be at NVTC and Accenture’s March 22 event at the Center for Innovative Technology in Herndon. 

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The second annual Capital Data Summit took place on Feb. 28, 2018 at The Ritz-Carlton, Tysons Corner. Over the upcoming weeks, we’ll be sharing original content, video and photos from the event.


Advanced Analytics panelArtificial intelligence (AI) and advanced analytics are transforming every field today and solving real world problems in energy management, home-care, crime reduction, and more. The Summit’s Opportunities, Challenges and Future Trends in Advanced Analytics panel discussed how the democratization of artificial intelligence has resulted in new intelligent applications that are altering business processes and engaging various stakeholders in new ways.

Panelists included Microsoft Data Solution Architect Arief Bavan, Digital Reasoning Chief Analytics Officer Dr. Uday Kamath, Virginia Tech Computer Science and Discovery Analytics Center Research Associate Nathan Self, and Virginia Tech Associate Professor of Business Information Technology, Pamplin College of Business, Dr. Onur Seref. ATA, LLC CTO John Eberhardt III moderated.

Here are some of the valuable points that emerged from this discussion:

  • Open source data enables strong engagement from universities and the future tech workforce in the analytics field
  • Collaboration is surpassing competition in data analytics and that provides huge business value and exciting innovation that will impact every industry
  • Fully embracing AI requires a cultural change within organizations; it’s a journey

View full video from the panel below!

Stay tuned for more Capital Data Summit content here on the blog and check out the 2018 Summit photo gallery!

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In 2017, more than 20 NVTC member companies joined forces in NVTC’s Tech Talent Employer Collaborative (TTEC) to address their technology workforce needs associated with two specific positions: cybersecurity engineers and software developers. NVTC staff facilitated a series of meetings and activities, applying a proven supply chain management best practice-based methodology to help drive the development of a regional workforce with the skills our tech employers need.

2017 TTEC accomplishments include:

  • Forecasting of talent demands for both positions
  • Establishing a shared set of competencies and requirements
  • Analyzing the major sources of this talent and talent flows
  • Identifying local Preferred Talent Providers

NVTC is excited to announce the continuation of the TTEC and its expansion, both in focus and participation. In 2018, the TTEC will continue its work, adding data analytics and network infrastructure while maintaining focus on cybersecurity and software development. The goal is to assist participating tech employers by increasing the number of qualified candidates to fill open positions in the region.

Can your company benefit from networking and strategizing with other local companies to produce improved workforce results?

HR/talent acquisition leaders knowledgeable about their organization’s current human capital demand and future needs are invited to join our kickoff meeting scheduled for Thursday, April 5, 2018 from 1:30 p.m. to 3:30 p.m. in Tysons Corner.

For more information about our Employer Collaborative and meeting details, email NVTC Research and Strategic Initiatives Manager John Shaw.

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Deep Learning: A Silver Bullet?

March 2nd, 2018 | Posted by Alexa Magdalenski in Titans - (Comments Off)

On Jan. 31, more than 400 members of the region’s technology community gathered to discuss the promises and pitfalls of deep learning at NVTC’s Titans event featuring Intel’s Chief Data Scientist, Public Sector, Americas Melvin Greer and Deep Learning Analytics’ Managing Partner and Data Scientist Dr. John KaufholdDr. Ravi Pappu, Chief Architect of In-Q-Tel, moderated.

Kicking off the event, Dr. Pappu shared the history of deep learning and described how it is becoming more accessible for businesses of all types. He highlighted enablers of deep learning, such as algorithms, data, hardware and talent, as well as pitfalls such as errors, bias and transparency.

Kaufhold and Greer emphasized how deep learning is enabling businesses across every sector to solve important problems more efficiently and more cost-effectively. Greer highlighted the importance of marrying the right algorithms, data and hardware to the problem a business is trying to solve. Kaufhold expressed his belief that, if you have the data, AI and deep learning can be applied to almost any problem to make the process cheaper or faster. The panel also highlighted some of the latest advancements being driven by deep learning, including personalized medicine, cyber intelligence, autonomous vehicles and speech recognition.

The panelists pinpointed some of the impediments that exist today in harnessing the full power of deep learning. Kaufhold expressed his belief that talent and data are the critical gatekeepers for successful applications. Greer agreed that having clean data that is appropriately labeled is crucial and can be the heavy lifting in any deep learning effort. Greer also noted the legal, ethical and societal challenges of deep learning. Both called attention to the widening data science talent gap, the slow adoption of advanced data science curriculum in higher education and how this is posing significant challenges to deep learning advancements and adoption.

Check out video highlights from the event!

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