Connect with us
MARE BALTICUM Gaming & TECH Summit 2024

Fintech PR

AInnovation Named an IDC Innovator in China’s Retail Industry

Published

5 years ago

on

Reading Time: 3 minutes

 

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

Related Topics:
Continue Reading

Fintech PR

Invitation to presentation of EQT AB’s Q1 Announcement 2024

Published

3 weeks ago

on

April 5, 2024

By

invitation-to-presentation-of-eqt-ab’s-q1-announcement-2024

STOCKHOLM, April 5, 2024 /PRNewswire/ — EQT AB’s Q1 Announcement 2024 will be published on Thursday 18 April 2024 at approximately 07:30 CEST. EQT will host a conference call at 08:30 CEST to present the report, followed by a Q&A session.

The presentation and a video link for the webcast will be available here from the time of the publication of the Q1 Announcement.

To participate by phone and ask questions during the Q&A, please register here in advance. Upon registration, you will receive your personal dial-in details.

The webcast can be followed live here and a recording will be available afterwards.

Information on EQT AB’s financial reporting

The EQT AB Group has a long-term business model founded on a promise to its fund investors to invest capital, drive value creation and create consistent attractive returns over a 5 to 10-year horizon. The Group’s financial model is primarily affected by the size of its fee-generating assets under management, the performance of the EQT funds and its ability to recruit and retain top talent.

The Group operates in a market driven by long-term trends and thus believes quarterly financial statements are less relevant for investors. However, in order to provide the market with relevant and suitable information about the Group’s development, EQT publishes quarterly announcements with key operating numbers that are relevant for the business performance (taking Nasdaq’s guidance note for preparing interim management statements into consideration). In addition, a half-year report and a year-end report including financial statements and further information relevant for investors is published. Finally, EQT also publishes an annual report including sustainability reporting.

Contact
Olof Svensson, Head of Shareholder Relations, +46 72 989 09 15
EQT Shareholder Relations, [email protected]

Rickard Buch, Head of Corporate Communications, +46 72 989 09 11
EQT Press Office, [email protected], +46 8 506 55 334

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/eqt/r/invitation-to-presentation-of-eqt-ab-s-q1-announcement-2024,c3956826

The following files are available for download:

https://mb.cision.com/Main/87/3956826/2712771.pdf

Invitation to presentation of EQT AB’s Q1 Announcement 2024

https://news.cision.com/eqt/i/eqt-ab-group,c3285895

EQT AB Group

 

View original content:https://www.prnewswire.co.uk/news-releases/invitation-to-presentation-of-eqt-abs-q1-announcement-2024-302109147.html

Continue Reading

Fintech PR

Kia presents roadmap to lead global electrification era through EVs, HEVs and PBVs

Published

3 weeks ago

on

April 5, 2024

By

kia-presents-roadmap-to-lead-global-electrification-era-through-evs,-hevs-and-pbvs
  • Kia drives forward transformation into ‘Sustainable Mobility Solutions Provider’
  • Roadmap enables Kia to proactively respond to uncertainties in mobility industry landscape, including changes in EV market
  • Company to expand EV line-up with more models; enhance HEV line-up to manage fluctuation in EV demand
    • Goal to sell 1.6 million EVs annually in 2030, introducing 15 models
    • PBV to play a key role in Kia’s growth, targeting 250,000 PBV sales annually by 2030 with PV5 and PV7 models
  • Kia to invest KRW 38 trillion by 2028, including KRW 15 trillion for future business
  • 2024 business guidance : KRW 101 tln in revenue with KRW 12 tln in operating profit; operating profit margin of 11.9% on sales of 3.2 million units globally
  • CEO reaffirms Kia’s commitment to ESG management

SEOUL, South Korea, April 5, 2024 /PRNewswire/ — Kia Corporation (Kia) today shared an update on its future strategies and financial targets at its CEO Investor Day in Seoul, Korea.

Based on its innovative achievements in the years since the announcement of mid-to-long-term business initiatives, Kia is focusing on updating its 2030 strategy announced last year and further strengthening its business strategy in response to uncertainties across the global mobility industry landscape.

During the event, Kia updated its mid-to-long-term business strategy with a focus on electrification, and its PBV business. Kia reiterated its 2030 annual sales target of 4.3 million units, including 1.6 million units of electric vehicles (EVs). The 2030 4.3 million annual sales target is 34.4 percent higher than the brand’s 2024 annual goal of 3.2 million units.

The company also plans to become a leading EV brand by selling a higher percentage of electrified models among its total sales, including hybrid electric vehicles (HEV), plug-in hybrid (PHEV), and battery EVs, projecting electrified model sales of 2.48 million units annually or 58 percent of Kia’s total sales in 2030.

“Following our successful brand relaunch in 2021, Kia is enhancing its global business strategy to further the establishment of an innovative EV line-up and accelerate the company’s transition to a sustainable mobility solutions provider,” said Ho Sung Song, President and CEO of Kia. “By responding effectively to changes in the mobility market and efficiently implementing mid-to-long-term strategies, Kia is strengthening its brand commitment to the wellbeing of customers, communities, the global society, and the environment.”

Photo – https://mma.prnewswire.com/media/2380039/Photo_1__2024_CEO_Investor_Day.jpg
PDF – https://mma.prnewswire.com/media/2380040/Press_Release__2024_Kia_CEO_Investor_Day_240405.pdf

Cision View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/kia-presents-roadmap-to-lead-global-electrification-era-through-evs-hevs-and-pbvs-302109142.html

Continue Reading

Fintech PR

BioVaxys Technology Corp. Provides Bi-Weekly MCTO Status Update

Published

3 weeks ago

on

April 5, 2024

By

biovaxys-technology-corp.-provides-bi-weekly-mcto-status-update

VANCOUVER, BC, April 4, 2024 /PRNewswire/ — BioVaxys Technology Corp. (CSE: BIOV) (FRA: 5LB) (OTCQB: BVAXF) (the “Company“) is providing this bi-weekly update on the status of the management cease trade order granted on February 29, 2024 (the “MCTO“), by its principal regulator, the Ontario Securities Commission (the “OSC“), under National Policy 12-203 – Management Cease Trade Orders (“NP 12-203“), following the Company’s announcement on February 21, 2024 (the “Default Announcement“), that it was unable to file its audited annual financial statements for the year ended October 31, 2023, its management’s discussion and analysis of financial statements for the year ended October 31, 2023, its annual information form for the year ended October 31, 2023, and related filings (collectively, the “Required Annual Filings“). Under National Instrument 51-102, the Required Annual Filings were required to be made no later than February 28, 2024.

As a result of the delay in filing the Required Annual Filings, the Company was unable to file its interim financial statements for the three months ended January 31, 2024, its management’s discussion and analysis of financial statements for the three months ended January 31, 2024, and related filings (collectively, the “Required Interim Filings“). Under National Instrument 51-102, the Required Interim Filings were required to be made no later than April 1, 2024.

The Company anticipates filing the Required Annual Filings by April 30, 2024. The auditor of the Company requires additional time to complete its audit of the Company, including the Company’s recent acquisition of all intellectual property, immunotherapeutics platform technologies, and clinical stage assets of the former IMV Inc. that closed on February 16, 2024. In addition, the Company anticipates filing the Required Interim Filings immediately after the filing of the Required Annual Filings.

Except as herein disclosed, there are no material changes to the information contained in the Default Announcement. In addition, (i) the Company is satisfying and confirms that it intends to continue to satisfy the provisions of the alternative information guidelines under NP 12-203 and issue bi-weekly default status reports for so long as the delay in filing the Required Annual Filings and/or Required Interim Filings is continuing, each of which will be issued in the form of a press release; (ii) the Company does not have any information at this time regarding any anticipated specified default subsequent to the default in filing the Required Annual Filings and Required Interim Filings; (iii) the Company is not subject to any insolvency proceedings; and (iv) there is no material information concerning the affairs of the Company that has not been generally disclosed.

About BioVaxys Technology Corp.

BioVaxys Technology Corp. (www.biovaxys.com), a biopharmaceuticals company registered in British Columbia, Canada, is a clinical-stage biopharmaceutical company dedicated to improving patient lives with novel immunotherapies based on the DPX™ immune-educating technology platform and it’s HapTenix© ‘neoantigen’ tumor cell construct platform, for treating cancers, infectious disease, antigen desensitization, and other immunological fields. The Company’s clinical stage pipeline includes maveropepimut-S which is in Phase II clinical development for advanced Relapsed-Refractory Diffuse Large B Cell Lymphoma (DLBCL) and platinum resistant ovarian cancer, and BVX-0918, a personalized immunotherapeutic vaccine using it proprietary HapTenix© ‘neoantigen’ tumor cell construct platform which is soon to enter Phase I in Spain for treating refractive late-stage ovarian cancer. The Company is also capitalizing on its tumor immunology know-how and creation of a unique library of T-lymphocytes & other datasets post-vaccination with its personalized immunotherapeutic vaccines to utilize predictive algorithms and other technologies to identify new targetable tumor antigens. BioVaxys common shares are listed on the CSE under the stock symbol “BIOV” and trade on the Frankfurt Bourse (FRA: 5LB) and in the US (OTCQB: BVAXF). For more information, visit www.biovaxys.com and connect with us on X and LinkedIn.

ON BEHALF OF THE BOARD

Signed “James Passin“
James Passin, Chief Executive Officer
Phone: +1 646 452 7054

Logo – https://mma.prnewswire.com/media/1430981/BIOVAXYS_Logo.jpg

Cision View original content:https://www.prnewswire.co.uk/news-releases/biovaxys-technology-corp-provides-bi-weekly-mcto-status-update-302108920.html

Continue Reading

Trending