Country for PR: United Kingdom
Contributor: PR Newswire Europe
Thursday, January 31 2019 - 23:00
WeDo Technologies Named a Vendor to Watch in Gartner Report
WASHINGTON, Jan. 31, 2019 /PRNewswire-AsiaNet/ --

WeDo Technologies recognized for its fraud management solutions  

WeDo Technologies - worldwide leader in revenue assurance and fraud management, 
has been named a Vendor to Watch in Gartner's "Market Trends: Maximizing the 
Value of Analytics, Artificial Intelligence and Automation in CSP Fraud 
Management" report*. This marks the third time in six months that WeDo 
Technologies has been cited by Gartner in its reports focused on fraud 
management, revenue assurance in CSP operations.

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According to the Communications Fraud Control Association (CFCA), global 
telecom fraud losses total $29.2 billion per year, with this number expected to 
rise with the growth of digital services and the Internet of Things. The 
Gartner report assesses areas within fraud management where communication 
service providers (CSPs) can achieve the biggest impact when investing in 
machine learning. CSPs are increasingly looking to machine learning and AI to 
help them improve fraud management, particularly as new digital services 
provide additional opportunities for fraudsters to exploit.

"Artificial intelligence and machine learning capabilities are critical to 
mitigate the new fraud threats arising as telecom operators transform their 
business models. WeDo Technologies is pleased to be recognized by Gartner. . 
For the past five years we have invested heavily in in applying AI and Machine 
Learning to fraud management and revenue assurance, pioneering breakthroughs in 
automatic threshold definition and deep learning outlier detection - 
capabilities that will be vital to reduce fraud in the digital era," commented 
Rui Paiva, CEO of WeDo Technologies.

WeDo's risk management software, spanning fraud management, revenue assurance 
and business assurance, provide a comprehensive set of tools to support CSP's 
digital transformation strategies as they prepare for 5G and IoT. In addition 
to providing machine learning and AI capabilities, the RAID.Risk Management 
platform is an on-premise / cloud-based platform that provides CSPs with 
unrivalled scalability and flexibility.

*Gartner, Market Trends: Maximizing the Value of Analytics, Artificial 
Intelligence and Automation in CSP Fraud Management, Charlotte Patrick, Norbert 
Scholz, Johanna Stjerna, Jonathan Care, 21 December 2018.

About WeDo Technologies   

Founded in 2001, WeDo Technologies is the global market leader in Revenue 
Assurance and Fraud Management software solutions.

WeDo Technologies provides software and expert consulting to Telecom Operators 
and Communication Service Providers worldwide. Currently we count with over 200 
customers, spread across 108 countries, with a network of 600+ highly-skilled 
professional experts. Our offices are geographically spread in the US, Europe, 
Asia-Pacific, Middle East, Africa, Central and South America.

WeDo Technologies' software analyzes large quantities of data allowing to 
monitor, control, manage and optimize processes, ensuring revenue protection 
and risk mitigation.

With over 200 customers - including some of the world's leading blue chip 
organizations - WeDo Technologies has long been recognized as a constant 
innovator in assuring the success of its customers along a journey of 
continuous transformation.

WeDo Technologies. Know The Unknown.

Latest news @WeDoNews    



Barbara Henris 
Mob.: +1(703)470-9446

Product Marketing and Analyst Relations - WeDo Technologies
Carlos Marques    
Mob.: +351-939650124

Public Relations and Corporate Communications - WeDo Technologies
Inez Correa de Sa    
Mob.: +351-939650788

Source: WeDo Technologies