Idola Blogs

Idola Infotech, LLC. (http://www.idolainfotech.com), a leading provider of risk and compliance services to global financial institutions, announced today that Salvatore Cangialosi of The Josefa Group will serve as a consultant to Idola focused on strategy and business development initiatives. In this new role, Cangialosi is tasked with developing the vision and business strategy to further Idola’s industry leadership position and establish a framework for significant ongoing growth. He brings extensive experience in identifying and developing new markets through the application of leading-edge solutions to major business problems and opportunities.

“We enthusiastically welcome Salvatore Cangialosi to our team as Senior Strategic Advisor,” said Mahesh Viswanathan, founder and Managing Partner of Idola Infotech. “Sal has proven himself as a visionary in anticipating market needs, developing cutting-edge products and services that defined industry standards. We believe that in this new role he will be instrumental in helping Idola develop strategic relationships, identify new opportunities and further establish its position as a leader in providing products and services to the financial sector.”

via Idola Infotech Appoints Salvatore Cangialosi of The Josefa Group as Senior Strategic… | Reuters .

Chrysler, one of the three pillars of the American auto industry, filed for bankruptcy this afternoon after last-minute negotiations between the government and the automaker’s creditors broke down yesterday. U.S. officials had offered Chrysler’s secured lenders $2.25 billion in cash if they would agree to writedown the $6.9 billion in secured debt that the company owed. But a small group of hedge funds refused the 11th-hour deal.

via Chrysler to File for Bankruptcy – washingtonpost.com.

Wolfram Alpha is the brainchild of British-born physicist Stephen Wolfram.

The free program aims to answer questions directly, rather than display web pages in response to a query like a search engine.

The “computational knowledge engine”, as the technology is known, will be available to the public from the middle of May this year.

“Our goal is to make expert knowledge accessible to anyone, anywhere, anytime,” said Dr Wolfram at the demonstration at Harvard Universitys Berkman Center for Internet and Society.

The tool computes many of the answers “on the fly” by grabbing raw data from public and licensed databases, along with live feeds such as share prices and weather information.

People can use the system to look up simple facts – such as the height of Mount Everest – or crunch several data sets together to produce new results, such as a countrys GDP.

via BBC NEWS | Technology | Web tool as important as Google.