{"id":394522,"date":"2020-12-07T10:21:40","date_gmt":"2020-12-07T15:21:40","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=394522"},"modified":"2020-12-07T10:21:40","modified_gmt":"2020-12-07T15:21:40","slug":"sercos-canada-marine-business-invests-in-contexteres-data-analytics-solution","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/sercos-canada-marine-business-invests-in-contexteres-data-analytics-solution\/","title":{"rendered":"Serco\u2019s Canada Marine Business Invests In contextere\u2019s Data Analytics Solution"},"content":{"rendered":"<div class=\"mw_release\">\n<p>OTTAWA, ONTARIO, CANADA, Dec.  07, 2020  (GLOBE NEWSWIRE) &#8212; Serco Inc., a provider of professional, technology, and management services, announced today that the Company is investing $850,000 in Ottawa-based artificial intelligence (AI) software firm contextere.\u00a0<\/p>\n<p>Specifically, contextere\u2019s AI technology, which will extract previously inaccessible data, curate the information, and deliver knowledge that improves performance, increases skills, and eliminates the need for rework. Contextere will develop this \u201csmall data\u201d capability to support prediction, prevention and prioritization of in-service support (ISS) activities in four phases over a 13-month period.\u00a0\u00a0<\/p>\n<p>\u201cWe are thrilled to be partnering with contextere to develop the capabilities required to execute on the opportunity presented by the fourth industrial revolution,\u201d said Bruce Samuelsen, Senior Vice-President of International Maritime Programs at Serco Inc. \u201cThis investment will enable Serco to provide even more value to the Government of Canada and navies around the world on naval in-service support activities and future projects.\u201d\u00a0\u00a0<\/p>\n<p>Serco\u2019s Canada Marine business is making this investment as part of its Industrial Technological Benefits (ITB) obligations to Seaspan related to the design and engineering of the Joint Support Ships (JSS), which the company is actively engaged on with the Royal Canadian Navy.\u00a0\u00a0<\/p>\n<p>Contextere, an emerging Artificial Intelligence software company, will develop a machine learning-based data extraction engine that creates accurate, semantically associated data sets from PDF documents, hand-written notes, and other non-standard data sources. By unlocking the massive amounts of small data currently excluded from predictive analytics and other enterprise software tools, contextere will provide Serco Canada Marine with data mining capabilities, which will reduce fleet maintenance costs and maximize shore time for the Joint Support Ships and their naval and marine customers around the world.\u00a0\u00a0<\/p>\n<p>\u201cIf you want to provide technology that supports workers on the last tactical mile you need to include the critical sources of data found on the last tactical mile.\u201d said Gabe Batstone, Chief Executive Officer of contextere. \u201cThe best data analytics in the world can\u2019t impact the bottom line if the recommendations generated are not based on all the relevant data and the people doing the work are not empowered to execute with those insights.\u201d\u00a0<\/p>\n<p>This strategic investment exemplifies how a multinational defence company can collaborate with an innovative Canadian technology firm to solve complex challenges, while delivering industrial benefits to the economy.\u00a0\u00a0<\/p>\n<p>\u201cThis investment is an excellent example of how our government is using defence procurement to support innovative small businesses,\u201d said The Honourable Navdeep Bains, Minister of Innovation, Science and Industry. \u201cThe Industrial and Technological Benefits Policy fosters investments in small Canadian firms, creating good jobs and new technologies to help grow the Canadian economy.\u201d<\/p>\n<p>\n        <strong>About Serco Inc.<\/strong>:\u00a0\u00a0Serco Inc. is a leading provider of professional, technology, and management services, and has approximately 8,500 employees and annual revenue of $1.2 billion. Serco Inc. is a wholly-owned subsidiary of Serco Group plc, a $4 billion international business that helps transform government and public services around the world.\u00a0<\/p>\n<p>The Company\u2019s Canada Marine business supports the Government of Canada on multiple maritime programs, including as the design agent for Seaspan on the Joint Support Ships. Serco Canada Marine is a leader in naval architecture, specifically engineering for the design, construction and maintenance of marine vessels and structures, notably surface ships and submarines. The business has decades of experience in managing large-scale procurement and production programs for military and civilian vessels, advanced logistics, and sustainment support to optimize in-service time and cost parameters. Serco Canada Marine is part of Serco Canada and they currently employ 1,245 people nationwide, including indigenous Canadians, and have business activities valued at approximately $150 million, including its naval architecture and marine engineering projects.\u00a0 \u00a0<\/p>\n<p>\n        <strong>About contextere<\/strong>:\u00a0Headquartered in Ottawa, Ontario, contextere develops industrial AI software focused on improving human &amp; equipment performance. Our mission is to transform the future of work using machine learning to deliver actionable intelligence to the last tactical mile. The contextere insight engine extracts and curates previously inaccessible data to provide new insights for last mile analytics and AI-enabled work instructions for frontline workers. With\u202fcontextere, Global 2000\u202fcompanies capture value through significant increases in worker productivity, equipment uptime and workplace safety.\u202fLearn more at: www.contextere.com\u00a0<\/p>\n<p>\n        <b>###<\/b>\n      <\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5NzkyMCMzODU5NjY3IzIxMjU4MjQ=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/1160ac84-4634-4362-89e2-3341be17a800\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\">\n<pre>Alan Hill\r\nSerco Inc\r\n703-263-6500\r\nalan.hill@serco-na.com\r\n<\/pre>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>OTTAWA, ONTARIO, CANADA, Dec. 07, 2020 (GLOBE NEWSWIRE) &#8212; Serco Inc., a provider of professional, technology, and management services, announced today that the Company is investing $850,000 in Ottawa-based artificial intelligence (AI) software firm contextere.\u00a0 Specifically, contextere\u2019s AI technology, which will extract previously inaccessible data, curate the information, and deliver knowledge that improves performance, increases skills, and eliminates the need for rework. Contextere will develop this \u201csmall data\u201d capability to support prediction, prevention and prioritization of in-service support (ISS) activities in four phases over a 13-month period.\u00a0\u00a0 \u201cWe are thrilled to be partnering with contextere to develop the capabilities required to execute on the opportunity presented by the fourth industrial revolution,\u201d said Bruce Samuelsen, Senior Vice-President of International Maritime Programs &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/sercos-canada-marine-business-invests-in-contexteres-data-analytics-solution\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Serco\u2019s Canada Marine Business Invests In contextere\u2019s Data Analytics Solution&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-394522","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Serco\u2019s Canada Marine Business Invests In contextere\u2019s Data Analytics Solution - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/sercos-canada-marine-business-invests-in-contexteres-data-analytics-solution\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Serco\u2019s Canada Marine Business Invests In contextere\u2019s Data Analytics Solution - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"OTTAWA, ONTARIO, CANADA, Dec. 07, 2020 (GLOBE NEWSWIRE) &#8212; Serco Inc., a provider of professional, technology, and management services, announced today that the Company is investing $850,000 in Ottawa-based artificial intelligence (AI) software firm contextere.\u00a0 Specifically, contextere\u2019s AI technology, which will extract previously inaccessible data, curate the information, and deliver knowledge that improves performance, increases skills, and eliminates the need for rework. Contextere will develop this \u201csmall data\u201d capability to support prediction, prevention and prioritization of in-service support (ISS) activities in four phases over a 13-month period.\u00a0\u00a0 \u201cWe are thrilled to be partnering with contextere to develop the capabilities required to execute on the opportunity presented by the fourth industrial revolution,\u201d said Bruce Samuelsen, Senior Vice-President of International Maritime Programs &hellip; Continue reading &quot;Serco\u2019s Canada Marine Business Invests In contextere\u2019s Data Analytics Solution&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/sercos-canada-marine-business-invests-in-contexteres-data-analytics-solution\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-07T15:21:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5NzkyMCMzODU5NjY3IzIxMjU4MjQ=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sercos-canada-marine-business-invests-in-contexteres-data-analytics-solution\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sercos-canada-marine-business-invests-in-contexteres-data-analytics-solution\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Serco\u2019s Canada Marine Business Invests In contextere\u2019s Data Analytics Solution\",\"datePublished\":\"2020-12-07T15:21:40+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sercos-canada-marine-business-invests-in-contexteres-data-analytics-solution\\\/\"},\"wordCount\":699,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sercos-canada-marine-business-invests-in-contexteres-data-analytics-solution\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODA5NzkyMCMzODU5NjY3IzIxMjU4MjQ=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sercos-canada-marine-business-invests-in-contexteres-data-analytics-solution\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/sercos-canada-marine-business-invests-in-contexteres-data-analytics-solution\\\/\",\"name\":\"Serco\u2019s Canada Marine Business Invests In contextere\u2019s Data Analytics Solution - 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Contextere will develop this \u201csmall data\u201d capability to support prediction, prevention and prioritization of in-service support (ISS) activities in four phases over a 13-month period.\u00a0\u00a0 \u201cWe are thrilled to be partnering with contextere to develop the capabilities required to execute on the opportunity presented by the fourth industrial revolution,\u201d said Bruce Samuelsen, Senior Vice-President of International Maritime Programs &hellip; Continue reading \"Serco\u2019s Canada Marine Business Invests In contextere\u2019s Data Analytics Solution\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/sercos-canada-marine-business-invests-in-contexteres-data-analytics-solution\/","og_site_name":"Market Newsdesk","article_published_time":"2020-12-07T15:21:40+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5NzkyMCMzODU5NjY3IzIxMjU4MjQ=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/sercos-canada-marine-business-invests-in-contexteres-data-analytics-solution\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/sercos-canada-marine-business-invests-in-contexteres-data-analytics-solution\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Serco\u2019s Canada Marine Business Invests In contextere\u2019s Data Analytics Solution","datePublished":"2020-12-07T15:21:40+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/sercos-canada-marine-business-invests-in-contexteres-data-analytics-solution\/"},"wordCount":699,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/sercos-canada-marine-business-invests-in-contexteres-data-analytics-solution\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5NzkyMCMzODU5NjY3IzIxMjU4MjQ=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/sercos-canada-marine-business-invests-in-contexteres-data-analytics-solution\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/sercos-canada-marine-business-invests-in-contexteres-data-analytics-solution\/","name":"Serco\u2019s Canada Marine Business Invests In contextere\u2019s Data Analytics Solution - 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