Fintech PR
AInnovation Named an IDC Innovator in China’s Retail Industry
Internationally-renowned research firm IDC recently released the IDC Innovator for Computer Vision in China’s Retail Industry report. AInnovation was chosen as an IDC Innovator for its “retail full value chain” solution based on two core technologies — computer vision and automated machine learning — as well as several of its retail products.
IDC Innovators are a set of emerging IT technology vendors whose products and services have entered the commercial stage and whose revenues are under US$100 million. These vendors offer a groundbreaking business model within a certain market and/or an innovative new technology.
IDC believes that artificial intelligence (AI) will play an important role in the digital transformation of the retail industry, properly connect the supply and demand sides, create new value at the retailer level and a new experience at the consumer level. The challenge is how to create new value and new experiences at scale. The cost and ease of implementation of the solutions are important issues that retailers need to consider when choosing AI technology vendors.
Based on the analysis of retail-focused AI vendors and the survey of emerging companies in terms of company size, products and technologies, industry and customers, layout of the ecosystem and future development strategies, AInnovation was finally chosen as an IDC Innovator for Computer Vision in China’s Retail Industry.
See the original report below
Why AInnovation Was Chosen as an IDC Innovator
AInnovation is a professional AI2B company established in March 2018, it provides complete artificial intelligence solutions in retail, manufacturing and finance area, and commits to deep understanding of retail business scenario, meeting business requirements, providing software and hard integration products and solutions for enterprise users. AInnovation combines technological innovation with quick industry applications. It has served Nestlé, Mars, Yonghui Superstores and other domestic and foreign retail giants.
IDC Innovator Assessment
- AInnovation provides an end-to-end artificial intelligence retail solution, building a “retail full value chain” around “people, goods, scenarios” and “research, production, supply, sales and service”, opening up consumption to manufacturing, covering goods full value chain for R&D, manufacturing, warehousing, supply chain transferring, customer marketing and services.
- Smart Vending Machine: Users can open the door by code-scanning or face-swiping, arbitrarily select the goods, and close the door to accurately deduct the quick-pay-fee. This scenario relies on computer vision technology and is dual-verified by gravity sensing. The data and algorithms for visual recognition are processed in the cloud, enabled lower stand-alone costs.
- Shelf Intelligence: Via use of image recognition method to achieve comprehensive monitoring of channel displays, it can effectively show the status of goods displayed on shelf, freezer and floor stack, and can also be customized with KPI analysis to realize intelligent Channel monitoring.
- Covers the retail in front, middle and backstage data intelligence applications: In the back end, AInnovation provides refined operations for supply chain replenishment work, providing high-precision demand forecasting and replenishment recommendations at the inventory unit (SKU) level, increasing turnover rate, moving sales rate, reduce the loss of goods and the stock-out rate. Combined with front-end smart vending machine, shelf intelligence and precision marketing solutions, it helps retail enterprises realize data intelligence in front, middle and backstage.
- Relying on the whole industry chain solution: AInnovation’s customers cover all kinds of retail enterprises, including domestic and foreign industry leading retail brands (such as Carlsberg, Friso, Mars, Nestlé, Wyeth, Gerber, JuliusMaggi, Totole, etc.) and chain shopping centers (such as Yonghui Superstores).
Key Differentiator
- AInnovation develops technical products and industry scenes at the same time and it has outstanding performances in artificial intelligence algorithms, software and hardware computing power; in the retail industry application level, from “people, goods, scenarios” and “research, production, supply, sales, service” to provide comprehensive coverage on front, middle and backstage application integrates the needs of industry users and realizes two-wheel drive of technical products and industry scenes.
- AInnovation shows good software and hardware integrated products delivery capabilities. Different from some artificial intelligence enterprises, only a single software or “software + service” solution is provided, The hardware in AInnovation’s solution not only refers to the server-based infrastructure, but also includes visual recognition/positioning/detection/measurement equipment and intelligent terminal products by software and hardware optimization. It has good software and hardware adaptation capabilities, which facilitates industrial users to obtain commercial monitoring data.
- AInnovation has comprehensive technical system layout. It focuses on improving R&D strength, and the proportion of R&D talents exceeds 70%. Through the establishment of a three-layer technical system layout of “AInnovation Scientist Research Committee –AInnovation Research Institute — AInnovation Engineering Algorithm R&D Team”, the technical advantages are consolidated. In 2019, among six assessment results of the face detection contest WIDER FACE’s three evaluation subsets of Easy, Medium and Hard criteria, the company ranked first in the overall evaluation (get five of first rank in the six sub-items, and one second-place rank). Besides, AInnovation has more than 100 innovative algorithm patents.
Challenges
The degree of informatization in traditional industries is generally insufficient. How to train artificial intelligence models when data volume is insufficient is a common technical challenge in the industry. At the same time, how to screen out the business scenarios that are suitable for artificial intelligence applications so that they can avoid waste of manpower and R&D resources, is also a problem that needs careful consideration.
SOURCE AInnovation
Fintech PR
Sustainable Infrastructure Holding Company (“SISCO”) Q3FY24 revenue (excluding accounting construction revenue) increases by 23.8% to 341.8 million
- Revenue grew by 23.8% compared to previous year
- Gross profit of SAR 179.8 million, a 21.7% increase compared to Q3FY23
- Adjusted EBITDA rose 29.5% to SAR 210.2 million
JEDDAH, Saudi Arabia, Nov. 16, 2024 /PRNewswire/ — Sustainable Infrastructure Holding Company (“SISCO”, “TADAWUL: 2190”), Saudi Arabia’s leading strategic investor in Ports & Logistics and Water Solutions has announced its financial results for the quarter ended 30 September 2024.
Revenues for the third quarter of 2024, excluding accounting construction revenue, grew by 23.8% compared to Q3FY23 to reach SAR 341.8 million. On a quarter-to-quarter basis, revenues grew by 13.0% compared to Q2FY24.
The third-quarter gross profit of SAR 179.8 million represents 14.7% quarter-on-quarter growth and 21.7% growth compared to Q3FY23. The gross profit margin for Q3FY24 was down 0.9% year-on-year, due to increased depreciation and direct costs, but was up 0.8% quarter-on-quarter, in line with expectations. Year-to-date saw gross profits increase by 13.8% to SAR 469.5 million.
Adjusted EBITDA growth rose 29.5% to SAR 210.2 million compared to Q3FY23, aligning SISCO with strategic goals. Quarter-on-quarter growth was 20.8%, with a year-to-date increase of 17.7% to SAR 543.8 million.
SISCO reports a strong recovery in the Red Sea Gateway Terminal from subdued Q3FY23 Port segment results due to the Red Sea situation. Port volume reached 828,868 TEUs in Q3FY24, returning to levels similar to Q4FY23.
Commenting on the results: Eng. Khalid Suleimani, Group CEO, SISCO said:
“I am pleased to report that SISCO has continued to demonstrate strong growth and operational performance in Q3FY24, with revenues improving by 23.8% compared to Q3FY23. Our Ports segment, which remains a key growth driver, saw a significant increase, leading to robust results despite the Red Sea challenges.
Net income remains strong, despite the one-off payment of SAR 25 million to Zakat. Another highlight of the quarter is the impressive recovery in the Red Sea Gateway Terminal, highlighting it’s resilience.
We are also excited to announce the Multi-Purpose Terminals (MPT) concession, which will allow us to expand operations across all non-containerised port facilities in the Red Sea Gateway Terminal. This strategic initiative positions SISCO to capture further growth opportunities domestically and internationally.
Looking ahead, we remain committed to executing our five-year strategy to double revenues by 2026 and continue delivering long-term value to our shareholders.”
View original content:https://www.prnewswire.co.uk/news-releases/sustainable-infrastructure-holding-company-sisco-q3fy24-revenue-excluding-accounting-construction-revenue-increases-by-23-8-to-341-8-million-302307352.html
DUBAI, UAE, Nov. 15, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, opens up the November arena for the Bybit Crypto Titans trading competition. Available for users in select regions, a prize pool of 55,000 USDT will be available for a limited time only.
From now to Nov. 30, eligible traders can level up their trading strategies and amplify their winning chances by inviting friends to share two prize pools in two simple steps: register for the event at the Grand Arena, and invite friends and trade.
Battlefields: Once in the Arena, users can pick their battlefields. Up to 30,000 USDT are up for grabs in the Team Battlefield ranked by total trading volume, while another 15,000 USDT is reserved for traders in the Solo Battlefield competing by PnL(%).
More perks: Additionally, top traders and leaders will receive extra perks. Participants will receive a bonus 5 USDT for every new qualified referee, and the first 50 Team Leaders whose team exceeds a threshold amount in trading volume will be entitled to a 100 USDT bonus.
“As trading volumes overall are climbing, we are seeing so many talented traders in our community with a knack for navigating fast-moving markets. This event gives some of them an incentive to share their passion with their friends, and there is room for rewards for the solo trading pros to shine as well,” said Joan Han, Sales and Marketing Director of Bybit.
Market sentiment and activities have been trending up in recent weeks globally, and the enthusiasm is shared among users in niche markets. While traders rush to capture opportunities in a heated market, the Crypto Titans competition encourages users to bring out the best trading game and hone their trading skills for healthier returns.
Find out more about Bybit’s Crypto Titans: November Showdown, terms and conditions apply.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For more information, please visit: https://www.bybit.com
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View original content:https://www.prnewswire.co.uk/news-releases/bybit-crypto-titans-november-arena-boasts-55-000-usdt-in-rewards-302307028.html
Fintech PR
Healthcare leaders gather at House of Commons to discuss productivity-boosting tech with MyStaff app
LONDON, Nov. 15, 2024 /PRNewswire/ — Healthcare leaders from 16 NHS trusts gathered at the House of Commons this week to see how Mid and South Essex NHS Foundation Trust is using a groundbreaking new app that transforms staff access to information vital to their patients’ care.
The MyStaff app uses AI and automation to simplify the management of critical policies and procedures, reducing the time staff spend searching for information from almost 10 minutes to under 30 seconds. Over 12,000 of the Trust’s staff have signed up, and around 1,000 are using the app daily.
With £2bn pledged to help digitise the NHS and bring down waiting lists, such time-saving tech is high on healthcare’s agenda. Trust Chief Executive Matthew Hopkins introduced the session, which was hosted by David Burton-Sampson, MP for Southend West and Leigh, and saw technology strategists and users share their experiences of digitising vital healthcare operations.
Matthew said: “Our Trust is working to make the best use of digital technologies wherever this can help staff to provide the best possible care to our patients. MyStaff app is a versatile and easy-to-use tool that improves our governance processes and makes it easy for staff to access the vital clinical information they need when treating patients.”
The Trust developed MyStaff app with digital innovators Diligram, who have created a digital governance solution that helps ensure staff use the latest policies and guidance when delivering patient care. Document compliance rates have grown from 60% to 98%, whilst projections indicate the app could release 55,000 hours’ worth of staff capacity over 3 years, worth almost £4m in staff costs and giving staff more time on patient-facing care.
Diligram CEO Leslie Golding said: “We have worked closely with the Trust on developing groundbreaking technology that supports our healthcare heroes by simplifying access to essential information. We’re proud to be part of this brilliant example of positive digital change.”
Editor’s notes
- Contact: Rob Benson, 07815098560, [email protected]
- Further images, interviews, site visits available
About MyStaff app
The MyStaff app from digital transformation company Diligram is time-saving tech that offers a mobile-first digital corporate governance solution for healthcare providers.
Web: mystaffapp.io
About Mid and South Essex NHS Foundation Trust
MSE is one of the largest Trusts in the country, serving around 1.2million people. Our values are about delivering excellent, compassionate and respectful care.
Web: mse.nhs.uk
Photo – https://mma.prnewswire.com/media/2558941/MSE_CEO_Matthew_Hopkins_MyStaff_app.jpg
View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/healthcare-leaders-gather-at-house-of-commons-to-discuss-productivity-boosting-tech-with-mystaff-app-302307051.html
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