Latest news with #BIRT
Time of India
4 days ago
- Business
- Time of India
Pioneering the predictive enterprise: Santhosh Kumar Maddineni's global footprint in workday innovation
In the rising tide of global digital transformation, where the workforce has become as dynamic as the markets it serves, Santhosh Kumar Maddineni has emerged as a pioneering architect of tomorrow's Human Capital Management (HCM) landscape. With mastery over Workday HCM and integration solutions, Maddineni is not just automating HR processes — he is reimagining them for a borderless, intelligent, and predictive enterprise world. Armed with a rare blend of systems thinking and global sensibility, he has built and deployed some of the most forward-thinking frameworks in enterprise HCM. From compensation models deployed across 58 countries to machine learning-driven dashboards for attrition prediction and payroll governance, his innovations aren't just functional — they are transformative. His approach rests on a single, powerful belief: that modern HR systems must do more than serve — they must foresee. This vision materialises in a range of novel solutions, including a Unified Payroll Intelligence Dashboard (UPID), a Smart Leave Optimisation Engine, and native AI extensions embedded into Workday's architecture. These systems not only process data — they anticipate anomalies, forecast trends, and recommend actions in real time. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Why Seniors Are Snapping Up This TV Box, We Explain! Techno Mag Learn More Undo One of Maddineni's most influential contributions lies in his redesign of tax documentation within Workday. Using Business Intelligence and Reporting Tools (BIRT), he eliminated formatting chaos in W-2 and 1095-C reports, built localisation-ready templates, and introduced automated distribution systems adaptable to U.S., Canadian, and European regulatory landscapes. This solution has since become a reference framework for global Workday consultants grappling with multi-jurisdiction compliance. Maddineni's architectural genius is also evident in his Workday Studio integrations, seamlessly connecting Workday with a number of platforms and third-party APIs using XML, JSON, EDI, and REST protocols. The result: frictionless, secure, and scalable cross-platform ecosystems. Among his most celebrated innovations is a Compensation Statement Generator, which automates eligibility logic, transforms document structure, ensures audit readiness, and delivers personalised views — all within one intelligent module. Deployed by leading firms in finance, biotech, and IT, this solution solves one of the most persistent communication gaps in HR systems: transparent, secure, and customised compensation communication. Beyond technical brilliance, Maddineni is an intellectual voice in the global HRIS community. With more than 20 published research articles on Workday integration, predictive modelling, and HCM automation, his thought leadership is widely cited in academic and industry circles alike. He serves as an editorial board member and peer reviewer for top-tier international journals and frequently chairs panels at global HR technology summits. His academic journey — from a Bachelor's in Electronics and Instrumentation Engineering at Amrita School of Engineering to a Master's in Computer and Information Sciences from Southern Arkansas University — laid the foundation for a career defined by data, discipline, and innovation. Across his professional journey spanning Otis, OneSource Virtual, Roswell Park, Maxim Integrated, and RELX, Maddineni has delivered strategic HCM transformations that cut across geography, regulation, and business verticals. From multilingual benefits enrolment systems to behaviour-informed leave planning, from payroll standardisation to AI-guided attrition modelling — his work is not just innovative; it is foundational to the future of global enterprise HR. As organisations worldwide pivot to AI-first strategies, Santhosh Kumar Maddineni's contributions signal a new age of Human Capital Management — one that is novel in design, global in scope, and intelligent at its core.
Axios
12-06-2025
- Business
- Axios
City Hall green lights Mayor Parker's $6.8B budget
Philadelphia legislators signed off Thursday on Mayor Cherelle Parker's $6.8 billion budget, including her centerpiece housing initiative. Why it matters: Parker's plan makes big promises, including cuts to business and wage taxes, no tax increases for property owners, and more homes. But it all comes with a big price tag, despite lingering questions about the potential loss of future federal funding. By the numbers: Under the plan, overall spending will increase nearly 7.5% over last fiscal year. The new fiscal year starts July 1. 🏘️ Inside the plan: Legislators gave the green light to borrow $800 million for Parker's Housing Opportunities Made Easy initiative, which aims to build and preserve 30,000 housing units. The initiative will fund a variety of new housing programs while expanding some existing ones. Plus: The legislation allows the Parker admin to fast-track the sale of up to 1,000 parcels of city-owned land without legislative approval, which has bogged down some land sales. 💰Tax cuts: Workers in the city — both residents and non-residents — will see their wage taxes decline modestly over five years. The intrigue: Businesses are the biggest winners. They'll see the city's business income and receipts tax (BIRT) slashed over 13 years. BIRT's gross receipts portion will steadily decline until it's eliminated in 2039. Meanwhile, BIRT's net income portion will be cut by more than half by then. The fine print: Due to legal challenges, the city is eliminating a BIRT tax break on the first $100,000 in gross receipts, which will hurt small businesses. The big picture: Parker and her vision for the city appear to be winning over Philadelphians. A Pew poll released this week found Parker enjoyed a 63% approval rating at the start of the year. What else: City council approved legislation that will:
Techday NZ
21-05-2025
- Business
- Techday NZ
Biostate AI raises USD $12 million to expand RNAseq precision AI
Biostate AI has secured USD $12 million in a Series A funding round to expand its artificial intelligence technology for predicting human disease progression and drug response based on RNA sequencing data. The investment round was led by Accel, with participation from Gaingels, Mana Ventures, InfoEdge Ventures, and previous supporters Matter Venture Partners, Vision Plus Capital, and Catapult Ventures. Biostate AI's earlier seed funding rounds included contributions from industry figures such as Dario Amodei, CEO of Anthropic, Mike Schnall-Levin, CTO of 10x Genomics, and Emily Leproust, CEO of Twist Bioscience. The company intends to use the funds to advance affordable precision medicine solutions, particularly through RNA sequencing (RNAseq) services targeting molecular research in the United States. Biostate AI's immediate priorities are to increase the accessibility of RNAseq and to enhance the development of predictive clinical models, with an underlying mission to achieve personalised medical therapies. Biostate AI was established by David Zhang and Ashwin Gopinath, both former academics and serial entrepreneurs. The founders recognised the potential for the entire RNA transcriptome to be used as a real-time biomarker for human health, addressing barriers of cost and analytics that have historically limited a comprehensive approach. The company operates globally with sites in the US, India, and China, collaborating with hospitals, academic research teams, and life sciences partners. The ultimate aim is to construct what it describes as the world's largest RNA sequencing dataset to train general-purpose AI models capable of addressing a wide array of human diseases. According to Biostate AI, existing RNA sequencing technology is commonly underused due to high costs, technical challenges with aggregating datasets across research sites, and inconsistencies introduced by varied laboratory methods—known as batch effects. These hurdles reduce opportunities for labs to scale projects, while also complicating fine-grained data analysis critical in clinical research. To address these issues, Biostate AI has developed and patented technologies such as BIRT, which applies a multiplexing method for processing multiple tissue samples simultaneously, lowering costs and broadening tissue use from both fresh and archival sources. Another technology, PERD, is designed to distinguish signal from background noise in RNAseq datasets without reducing quality. The economic efficiencies gained from these innovations allow Biostate AI to conduct internal experiments at reduced costs and to amass large volumes of de-identified RNAseq profiles. This extensive dataset is likened by the company to the way large language model AIs, such as those built by OpenAI, are trained on wide-ranging internet content. The company also focuses on standardising workflows and data handling so that AI models can learn biological patterns more effectively, regardless of differences in sampling times or sites. This consistency is intended to limit confounding variables and enable reliable fine-tuning of foundational AI models for specific research applications. An integrated software pipeline supports this approach, encompassing molecular sample processing, data aggregation, and clinical insight generation. The suite includes generative AI tools, such as Quantaquill, which translates analysis results into publication-ready manuscripts. "Just as ChatGPT transformed language understanding by learning from trillions of words, we're learning the molecular language of human disease from billions of RNA expressions from millions of samples," said Ashwin Gopinath, co-founder and Chief Technology Officer of Biostate AI, and a former MIT assistant professor. "We're doing for molecular medicine what large language models did for text—scaling the raw data so the algorithms can finally shine." Gopinath's drive for the company's work is closely linked to his wife's experience with leukaemia, and the co-founders' backgrounds in engineering and DNA research pointed them towards RNA as a less explored but valuable area for health insights. Their overall strategy is influenced by a self-sustaining business model inspired by subscription platforms. Biostate AI's generative AI models seek to bridge the gap between molecular data and clinical intervention by identifying expression signatures in thousands of genes linked to various diseases and treatment responses. According to the company, this allows detection of subtle molecular changes that pre-empt the emergence of symptoms, potentially enabling much earlier medical response. "Rather than solve the diagnostics and therapeutics as separate, siloed problems for each disease, we believe that the modern and future AI can be general purpose to understand and help cure every disease," said David Zhang, co-founder and Chief Executive Officer of Biostate AI, and former Associate Professor of Bioengineering at Rice University. "Every diagnostic I've built was about moving the answer closer to the patient. Biostate takes the biggest leap yet by making the whole transcriptome affordable." The company has achieved initial proof-of-concept results in predicting disease recurrence for leukaemia patients and is planning further collaborations in oncology, autoimmune disorders, and cardiovascular disease. To date, Biostate AI reports it has processed over 10,000 RNAseq samples for more than 150 collaborating institutions and has arrangements to process hundreds of thousands of samples annually. Biostate AI's client base includes over 100 pilot projects spanning various disease areas, such as leukaemia with Cornell University and multiple sclerosis with the Accelerated Cure Project. Total capital raised by the company now exceeds USD $20 million as it seeks to scale its AI model development and data collection efforts.
Axios
13-03-2025
- Business
- Axios
Mayor Parker spends big in $6.7B Philly budget plan
Mayor Cherelle Parker laid out a $6.7 billion budget blueprint Thursday that would hike spending and overhaul city taxes. Why it matters: Parker is keeping her foot on the gas, seeking to boost spending by nearly 6% over last year to check items off her ambitious agenda. That's despite uncertainty about future federal funding and worrying signs of a big Philadelphia employer's exodus. The big picture: Her proposal doubles down on the cornerstones of her administration — public safety, housing and quality-of-life issues. Among the biggest new initiatives unveiled Thursday: directing $800 million into housing programs. Zoom in: She wants to issue $400 million in bonds for the coming fiscal year and plans to spend that money "as quickly as possible." "I want shovels in the ground," she said during her budget address. The bond financing would reach a total of $800 million over five years. The plan would also rely on what Parker described as a "small increase" to the realty transfer tax, meaning it will cost more to sell and buy property. (The administration declined to share exact figures with Axios.) Context: Philly has long suffered from an affordable housing shortage. And Parker has pledged to build or preserve 30,000 units of affordable housing during her tenure. Yes, but: Parker didn't provide details about the plan, which was originally expected to be revealed last fall. Instead, her administration will unveil its full housing plan on March 24 during a special legislative session. What she's saying: Parker boasted that her plan was "brimming with vital investments" and would "spur businesses to grow and new ones to locate here." What else: Parker's tax reform would extend beyond the realty transfer tax and would span years. 💰 Business taxes: Her plan would cut the city's business income and receipts tax (BIRT) and modestly reduce the wage tax. The goal: Eliminate the gross receipts tax portion of BIRT and reduce the net income portion by half by fiscal year 2039. As for the wage tax, which residents and nonresidents pay, small reductions would continue through fiscal year 2030. 📈 Tax hike (sort of): Philly's small businesses will start paying more taxes. Due to legal challenges, the city will eliminate a BIRT tax break on the first $100,000 in gross receipts — a benefit that effectively allows the bulk of city businesses to not pay BIRT. Yes, but: The city is expected to offer some financial assistance to help affected businesses. Meanwhile, the city's on track to fully fund its pension fund for municipal workers by fiscal year 2033. That's a big deal because it would save the city an estimated $430 million a year. What's next: Parker's plan is an outline, kicking off deliberations with city legislators — who have their own priorities — ahead of a budget deadline of July 1, when the new fiscal year begins. But the Democratic-led City Council has largely marched in lockstep with Parker since she took office last year. Other big takeaways 🅿️ Parking cost hike: Her plan includes hiking parking meter rates in Center City to $4 an hour from $3 — the first increase since 2014. ⚖️ Opioid crisis: $2.7 million to expand the city's "neighborhood wellness court" to five days — up from one. The fast-track diversion program gives people arrested for low-level misdemeanor charges associated with public drug use the option of seeking treatment that day instead of facing criminal penalties. 🏥 Drug recovery: The city's Riverview Wellness Village in Holmesburg, part of which opened this year, would get $216 million over five years. The administration would funnel $100 million in the coming fiscal year for operations and buildout, per KYW. 🏗️ Cutting construction costs: The mayor wants to eliminate the city's 1% construction impact tax to spur investment. The levy funds affordable housing and neighborhood revitalization. 🧬 Police lab: $67 million through fiscal year 2030 for a new police forensic science lab set in West Philadelphia along the 4100 block of Market Street. 🔎 Police accountability: The police department will equip all officers with body-worn cameras by the end of the year, she said. The city also is moving to install dashboard cameras in all police vehicles. 🎒 Schools: The city's extended school day program will add 10 district schools and five charters in September, growing to a total of 40 schools.
Axios
27-02-2025
- Business
- Axios
Philadelphia weighs big business tax cuts
A panel of experts bets that deep tax cuts for businesses and overhauling Philadelphia's tax code could fuel business growth, add jobs and reduce poverty. Why it matters: Big businesses and workers would be winners, while property owners would likely get stuck with bigger bills. Driving the news: The Tax Reform Commission's interim report this week called for eliminating the city's business income and receipts tax (BIRT) over the next 8-12 years and for reducing the wage tax, among other recommendations. Although loathed by most, these taxes are king in Philly: They accounted for more than half the city's tax revenues last year. Context: Lawmakers and business leaders have sought tax reforms for decades, but this is the first time since 2003 that a city tax reform commission has issued a formal report. Zoom in: The commission calls for shifting the city's dependence on business taxes to real estate, i.e. property taxes. Worth noting: Philly now enjoys some of the lowest property taxes in the state. Reality check: This latest attempt to slash the business taxes is likely to fail, Marc Stier, director of the nonprofit Pennsylvania Policy Center, tells Axios. Philly not only lacks existing revenues to fund the business tax cuts, but elected officials would face massive backlash if they tried to hike property taxes, Stier says. "It's a bad solution to a non-existent problem," he says. "The city needs that revenue far more than it needs a tax cut." The other side: Allan Domb, a former city legislator who's on the commission, tells Axios that Philly's existing tax structure is uncompetitive and that investing in the city's economy will spur growth. "You have two choices: Keep taxing the same people and raising their rates, or expand the base," he says. The commission blames Philly's business taxes for hindering business growth and investments, and driving away residents. The taxes are higher than similar taxes elsewhere in the region and most other big cities, per the report. The commission estimates the tax cuts would create 31,200-93,200 jobs over five years. How it works: Philly companies with revenues over $100,000 — about a third of businesses — pay around 6% tax on their net profits and another .14% on their gross receipts. Meanwhile, all Philly workers pay between 3%-4% in wage taxes, whether you live in the city or not. The fine print: Pennsylvania law limits how Philly can tax businesses and residents, so some changes would need approval from the state Legislature. For example, Philly officials can't put in place a millionaire's tax, or tax commercial and residential buildings at different rates. What to watch: City legislators formed the commission last year. It remains to be seen whether they or Mayor Cherelle Parker take up the commission's recommendations and shake up the city's tax code. Parker will deliver her budget proposal on March 13. The bottom line: "Once we have a proposed budget, we'll see if the City can [cut the taxes] without passing the tax burden on to people who can't afford it," Lauren Cristella, the executive director of the city watchdog Committee of 70, tells Axios.
