HONG KONG, Dec 1, 2023 – (ACN Newswire) – UBTECH ROBOTICS CORP LTD (“UBTECH” or the “Company”, together with its subsidiaries, the “Group”) today officially announced that it has passed the listing hearing by The Stock Exchange of Hong Kong Limited (the “Stock Exchange”).
UBTECH is one of the few market players in the global humanoid robot industry and has been at the forefront of commercializing humanoid robots. As of 30 June 2023, UBTECH has served more than 900 corporate clients in over 50 countries and regions worldwide and sold over 760,000 robots. It achieved commercialization of humanoid robots relatively early, considering that the global humanoid robot industry remains at the early stages of technological exploration and development. In 2020, 2021 and 2022, UBTECH’s revenue amounted to RMB740 million, RMB817 million and RMB1,008 million, respectively, representing an average annual growth rate of 16.7%, with a year-on-year growth rate of 23.4% in 2022, demonstrating accelerating growth in annual revenue during the reporting period.
The contribution of the humanoid robot business to UBTECH’s revenue continued to increase. In the first six months of 2023, this business segment contributed revenue of RMB7.24 million, showing a significant increase compared to the same period of last year. In 2022, the humanoid robot business contributed revenue of RMB51.84 million, more than tripled year-on-year, accounting for 5.1% of the Company’s total revenue, a significant increase as compared to 2020 and 2021. Benefiting from the higher technological barriers of humanoid robots, the business related to humanoid robots maintained a gross profit margin of over 50% in both 2022 and the first six months of 2023.
During the reporting period (in the financial years of 2020, 2021 and 2022, and the first six months of 2023, same hereinafter), UBTECH recorded total revenue of approximately RMB2.83 billion. The total research and development investment amounted to nearly RMB1.6 billion, with an average research and development expenditure accounting for 56.5% of the total revenue. UBTECH’s full-stack technologies, backed by more than 1,800 robotic and AI-related patents as of 30 June 2023 of which more than 380 are overseas patents, is a combination of robotic technologies (robotic motion planning and control technology and servo actuators) and AI technologies (computer vision and voice interaction technologies), which together power a number of integrated robotic and AI technologies (SLAM and autonomous technology, visual servo operation and human-robot interaction), rounded out with and controlled through Robot Operating System Application Framework (ROSA), a proprietary robotics application framework.
Currently, UBTECH focuses on three major application scenarios for humanoid robots, including industrial manufacturing, commercial services and household companionship. In particular, intelligent manufacturing will become the first area of large-scale application of humanoid robots, which will redefine the workers of the AI era, liberating humans from repetitive labor. In 2023, UBTECH developed the humanoid robot Walker S for industrial applications and collaborated with several leading companies in the new energy automotive sector to plan for the application of humanoid robots in manufacturing scenarios in phases. The commercial service sector is the first market to apply humanoid robots, and UBTECH’s first batch of humanoid robots, Walker X, have been deployed in NEOM in Saudi Arabia, becoming the first generation of large-scale humanoid robot citizens to provide intelligent services. Meanwhile, the household scenario emerged as the most promising market for humanoid robot applications.
On 20 October, the Ministry of Industry and Information Technology issued the “Guiding Opinions on the Innovative Development of Humanoid Robots”, providing a comprehensive and clear strategic plan for the development of humanoid robots for the first time in a standalone document. The opinions point out that humanoid robots, integrating advanced technologies such as AI, high-end manufacturing and new materials, are expected to become disruptive products following computers, smartphones, and new energy vehicles. They have the potential to profoundly transform the way of life and production and reshape the global industrial development landscape. As part of the “national team” for humanoid robots, UBTECH is expected to gain more development opportunities in technological breakthroughs and application expansion.
Cologne, Germany, Dec 1, 2023 – (ACN Newswire) – Cleverbridge, a growth engine for global technology companies, today announced the launch of CleverInsights, an advanced analytics suite that leverages AI and 18+ years of eCommerce data to provide unparalleled visibility into recurring revenue, retention, and other essential subscription metrics.
Pre-built dashboards for benchmarking, forecasting, anomaly detection, and customer health scoring empower organizations to derive deep insights and optimize performance in near real-time amid an uncertain and ever-changing business environment. These features streamline the reporting process and eliminate the burden of manual and time-consuming analysis, allowing employees to focus on more complex or strategic tasks when most companies are struggling to do more with less.
“As a CEO, I know firsthand how important it is to have accurate reporting. I also know that analysis is resource-intensive, and that too often resulting information is inaccurate, stale, or communicated without the context of broader industry or macroeconomic trends,” said Wendi Sturgis, Chief Executive Officer of Cleverbridge. “With CleverInsights, any organization can reliably monitor and optimize recurring revenue with insights that are truly actionable. This grants a distinct competitive advantage, empowers data-driven decision making, and further enables technology companies to grow without adding headcount.”
CleverInsights addresses a critical business need with benchmarking and forecasting, two capabilities that help companies interpret and predict key figures tied to recurring revenue with industry-leading levels of accuracy. Organizations can leverage these insights as needed to narrow their strategic focus while other areas of the product run continuously in the background. Anomaly detection, for instance, identifies unexpected changes in key metrics and alerts users to fluctuations along with the probable root causes for spikes or dips, allowing organizations to take immediate action and correct potential issues.
The product’s robust customer health scores are calculated with standard inputs along with transaction data such as payment date, payment method, and expansion percentage. These additional data points strengthen the accuracy of health scores and feed into renewal and expansion propensity models that facilitate the effective prioritization of accounts. CleverInsights then recommends the best course of action for each customer, giving organizations the option to trigger automated or semi-automated interventions by leveraging another new Cleverbridge product, CleverAutomations.
Cleverbridge makes it easy to maximize customer lifetime value. We leverage deep eCommerce expertise to orchestrate and automate frictionless self-service transactions across the entire customer journey, empowering customers to purchase, renew, and expand subscriptions in 248 countries and territories globally. For more than 18 years, our Growth Engine has integrated payments with subscription management, lifecycle marketing automation, advanced analytics, and partner ecosystems to consistently deliver recurring revenue growth without added headcount. Learn more at grow.cleverbridge.com.
RIYADH, Nov 30, 2023 – (ACN Newswire) – Saudi Arabia is solidifying its role as the vanguard of the MENA region’s digital economic transformation. Recent years have witnessed the Kingdom invest heavily in its technology sector, aligned with the objectives of its Vision 2030 agenda, with a special focus on emerging technologies, such as AI. According to a PwC report, Saudi Arabia’s AI landscape is forecasted to become a major contributor to the national GDP, with an expected growth rate reaching 12.4 per cent (amounting to US$ 135.2 billion) by 2030.
The DATE AI Show, co-located with the DATE FinTech Show, taking place at the JW Marriott Burj Rafal Tower, serves as a platform to shape the Kingdom’s digital transformation. The collective efforts of the participating innovators, regulators, investors, media and influencers are dedicated to paving the way for the kingdom’s tech-driven future, highlighting futuristic innovations, and nurturing an innovative ecosystem.
To further establish the AI space as a major pillar in the national economy, the Saudi Data and Artificial Intelligence Authority (SDAIA) is leading the charge with a portfolio of strategic initiatives such as Artificial Intelligence Hour, DEEM, Estishraf, Tawakklanan, Nafatha, SDAIA Academy and more. This effort underscores KSA’s strong commitment to AI and data-driven solutions across various sectors, including government services, healthcare, social responsibility, and more.
With the ever-evolving global digital landscape, this unique platform offers an opportunity for industry stakeholders to gain valuable insights about the latest trends and challenges while steering the sector towards unparalleled growth through engaging panel discussions, keynote presentations and more.
Sharing his enthusiasm Naveen Bharadwaj, Group CEO, Trescon Global said,” In today’s tech-driven landscape, AI integration is not just an option but a survival necessity. With the MENA region’s well-defined digital landscape sets the stage for Saudi Arabia’s digital leadership. At the DATE AI Show in Riyadh, we delve into the transformative power of AI, shaping Saudi Arabia’s digital destiny.
Notable Speakers present at the event:
Hesham Saad Al Ghamdi, Group Chief Data & Analytics Officer, Abdul Latif Jameel Co.
Yousef Khalili, Chief Commercial Officer, TONOMUS
Sivakumar Seshadri, Head of Digital, General Organization for Social Insurance (GOSI)
Dr. Ahmed Darwish Elsayed, Head of Digital Delivery, Bank Albilad
Dr. Ahmed Althuhaibi, Chief of IT, Saudi Pro League
Elvid Muslim, Director – Data & Analytics, ROSHN
Dr. Jalal Alowibdi, Associate Professor of Computer Science & Artificial Intelligence, University of Jeddah
Dr. Ray Richardson, Chief Data & Analytics Officer, Emirates NBD
Seize the opportunity to get involved with the DATE AI Show in Riyadh on 11th and 12thDecember 2023 at JW Marriott Burj Rafal Hotel in Riyadh. Join us to network, collaborate, and discover the cutting-edge innovations reshaping the global AI sector. To know more about the event, visit our website: Datewithtech.com/ksa/ai
About Trescon
Trescon is a pioneering force in the global business events and services sector, driving the adoption of emerging technologies while promoting sustainability and inclusive leadership. Its summits, expos, and conferences create real economic impact by connecting and empowering key stakeholders, including government organizations, regulators, enterprises, corporates, and more. With a team of over 250 employees across offices in 6 countries, Trescon has helped clients achieve exponential growth, accelerate market entry, and build valuable partnerships. For more information about Trescon, visit: www.tresconglobal.com.
For media inquiries and further information, please contact: Shadi Dawi Director, Public Relations & Partnership’s – MENA shadi@tresconglobal.com +971 55 498 4989
HONG KONG, Nov 22, 2023 – (ACN Newswire) –CITIC Telecom International CPC Limited (CITIC Telecom CPC), a wholly-owned subsidiary of CITIC Telecom International Holdings Limited (SEHK: 1883), is proud to announce the launch of TrustCSI™ 3.0, a groundbreaking cybersecurity solution that uses AI to revolutionize Security Operations Center (SOC) and helps companies to operate securely in the intelligence era. Powered by its unparalleled experience in cybersecurity and forward-thinking SOC4Future strategy, which reshapes the core capabilities of SOC, TrustCSI™ 3.0 transforms cybersecurity from passive defense to proactive guardianship, enabling enterprises stay ahead of today’s evolving threat landscape.
(From left to right) Representatives from CITIC Telecom CPC, Mr. Chris Fung (Senior Vice President of Engineering & Services), Mr. Taylor Lam (Chief Strategy Officer), Mr. Jacky Kwok (Chief Commercial Officer) and Mr. Ivan Lee (Vice President of Information Technology Services & Data Science), officiate at the launch ceremony of TrustCSI™ 3.0
TrustCSI™ 3.0 combines CITIC Telecom CPC’s industry certified security expertise, with cutting-edge AI capabilities to deliver enterprise-grade protection across industries. With a strong emphasis on compliance and vendor neutrality, CITIC Telecom CPC’s project management ability is widely recognized. This innovative security service strengthens the trust between CITIC Telecom CPC and its customers, offering comprehensive and proactive digital protection in the market, and positions the company as a Trusted TechOps Security Enabler.
Mr. Taylor Lam, Chief Strategy Officer of CITIC Telecom CPC, said, “With TrustCSI™ 3.0, we empower enterprises to prepare themselves and proactively react to the evolving threat landscape and effectively protect their data while safeguarding their business throughout their digital transformation journey. Driven by our SOC4Future strategy and decades of security experience, we are redefining holistic enterprise protection and positioning ourselves as the Trusted TechOps Security Enabler for enterprises, providing them with the tools and expertise needed, like AI-Red/Blue Cybersecurity Practices, to safeguard their operations against emerging threats.”
Redefining Cybersecurity and Resilience with SOC4Future Strategy and AI Empowerment
TrustCSI™ 3.0 uses CITIC Telecom CPC’s decades of deep security knowledge and practical services experience to revolutionize SOCs. It follows CITIC Telecom CPC’s “ReDEFINED SOC4Future” strategy that encompasses four key elements:
Strengthening Proactive Security With AI-Red/Blue Cybersecurity Practices
TrustCSI™ 3.0 leverages the proactive security approach with AI-Red/Blue Cybersecurity Practices, enhancing the cybersecurity cycle from reactive defense to proactive guardianship. It offers an advanced automated penetration testing tool that uses machine learning to enhance the information-gathering phase and exploit vulnerabilities concurrently. It vastly improves enterprise-wide threat awareness and response effectiveness by replicating real-world cyberattack and defense scenarios.
The AI-Red/Blue Cybersecurity Practices cover the entire service stack, from staff training, offensive and defensive drills to network protection solutions, security strategy and service consultation. The Red Team conducts comprehensive AI-powered assessments and simulations, while the Blue Team offers all-encompassing defense services, ensuring a holistic approach to cybersecurity.
— (Case studies) A China-based global supplier of aluminum wheels and chassis and a conglomerate in China are already using this service to fortify their security and defense platform. It is helping them meet current industry standards and fully complying with “National Cybersecurity Exercises”.
AI-Powered Cybersecurity Framework
In the evolution of a cybersecurity service framework, intelligence and automation are no longer choices but crucial values for customers in an all-around way. CITIC Telecom CPC’s AI-driven solutions and automation accelerate threat identification, enrichment, hunting, containment, and remediation. Combining this “Tech” capability and proactive “Operational” approach reduces opportunities for threat actors to infiltrate while enabling enterprises to respond rapidly. The future-ready and intelligent framework has four service pillars:
1. Identify and Predict
A suite of comprehensive assessment and identification services covering systems, applications, network infrastructure, and critical assets services improve threat identification and prediction. Harnessing the power of algorithm and AI, together with other enhanced capabilities, the AI Penetration Test efficiently identifies and mitigates security risks at an early application development stage while assessing security resilience against various attack scenarios.
2. Protect
SASE for dynamic network security, UTM, NGFW, WAF, and IPS for network and application access control, and cloud email security offer comprehensive protection to enterprises. A dedicated team of security professionals manages everything from incident consultation, solutions design and implementation to configuration and ongoing device management. This comprehensive approach ensures the continuous improvement of the customers’ security infrastructure.
3. Detect
Round-the-clock managed security, reinforced by certified SOC and dual SIEM platforms, EDR solutions, and AI-enabled User and Entity Behavior Analysis, helps enterprises swiftly identify and respond to cybersecurity events.
4. Respond & Recover
Security Orchestration, Automation, and Response (SOAR), Security Incident Response (IR), and Threat Hunting services minimize resolution time and human error, with cloud-based Backup and Disaster Recovery services driving rapid recovery and robust business continuity.
Driving Cybersecurity Capabilities with Enhanced Dual SIEM Operations
Security matters to all data, not just some. So, CITIC Telecom CPC’s self-developed world-class SOCs utilize advanced technologies with Dual SIEM to revolutionize threat intelligence management by accelerating AI-driven detection and feedback to emerging threats. They provide enterprises with critical assessment for threat monitoring or immediate protection.
The Dual SIEM operations encompass a wide array of Cyber Threat Intelligence (CTI) capabilities. They aggregate and cross-correlate threat intelligence data to identify and illuminate potential threats, increase the speed of searches, boost security visibility, and improve cost management.
Future-proofing Cybersecurity and Compliance with SOC-as-a-Service at its Core
The latest SOC-as-a-Service (SOCaaS) model helps enterprises enjoy cost-effective, SOC-managed security capabilities from different SOCaaS service offerings. Using the latest security technologies, a team of dedicated experts will monitor, detect, and respond to threats 24/7, all without the expensive cost of building and staffing your own SOC.
CITIC Telecom CPC’s “SOCaaS” approach delivers unparalleled security analytics and monitoring capabilities via self-deployed and managed 24×7 SOCs in Hong Kong, Guangzhou, and Shanghai. These fully managed SOCs use a “global-local” approach with certified professional expertise for customized security solutions worldwide to safeguard their operations, providing customers with peace of mind.
Mr. Brook Wong, Chief Executive Officer of CITIC Telecom CPC, said, “CITIC Telecom CPC TrustCSI™ 3.0 embodies our motto of ‘Innovation Never Stops’. Through continuous innovation, cutting-edge technologies and a customer-centric approach, we strive to be the trusted partner that enables enterprises to navigate the dynamic digital landscape confidently. By embracing AI-led technology, we continue to enhance our Cloud-Network-Security Solutions, providing enhanced resilience and unwavering peace of mind enterprises across various industries. Looking ahead to 2024, we remain dedicated to empowering enterprises with intelligent and proactive cybersecurity solutions that redefine industry standards.”
To know more information about TrustCSI™ 3.0, please visit:
We are CITIC Telecom International CPC Limited (“CITIC Telecom CPC”), a wholly-owned subsidiary of CITIC Telecom International Holdings Limited (SEHK: 1883), serving multinational enterprises the world over by addressing their specific ICT requirements with highly scalable tailored solutions built upon our flagship technology suites, comprising TrueCONNECT™ private network solutions, TrustCSI™ information security solutions, DataHOUSE™ cloud data center solutions, and SmartCLOUD™ cloud computing solutions.
With the motto “Innovation Never Stops,” we leverage innovative technologies, embracing AI, AR, Big Data, IoT, and other cutting-edge emerging technologies to transform technical potential into business value for our customers. As an enterprise digital transformation partner, we strive to help our customers achieve industry-leading positions, high agility, and cost-efficiency through digitalization.
With our Global-Local capabilities, we are committed to providing our customers with one-stop-shop ICT solutions with superior quality. Having a worldwide footprint across nearly 160 countries and regions, including Asia, Europe and America, Africa, the Middle East, and Central Asia, our global network resources connect over 165 points of presence (POPs), 60+ SDWAN gateways, 21 Cloud service centers, 30+ data centers, and three dedicated 24×7 Security Operations Centers (SOCs). We are certified with a series of international certifications, including SD-WAN Ready, ISO 9001, 14001, 20000, 27001, and 27017, to ensure our services compliance with international standards and resources for enterprises. We offer local professional services, superior delivery capabilities as well as exceptional customer experience and best practices through our global presence and extensive industry know-how, becoming a leading integrated intelligent ICT service provider to enterprise customers.
Colombo, Sri Lanka, Nov 17, 2023 – (ACN Newswire) – StrategINK successfully concluded the Sri Lanka Edition of The Global Agility Summit, the leading DATA|AI|CLOUD conference, in Colombo on 3rd November 2023 at Marriott by Courtyard, Colombo.
The one-day conference brought together a dynamic assembly of 25+ subject matter experts and attracted 170+ attendees solidifying its reputation as the leading DATA, AI, CLOUD conference. The event served as a platform to explore the latest advancements, trends, and real-world applications in the fields of data analytics, artificial intelligence and cloud technologies.
We extend our heartfelt gratitude to our esteemed sponsor partners, whose unwavering support contributed to the resounding success of The Global Agility Summit’23. Our sponsors included industry giants such as Snowflake, Altria, Paloalto Networks, Cisco, Redington, Ruckus Networks, and Pinnacle, who played a pivotal role in making this event possible.
With a focus on the powerful trilogy of Data, AI, and Cloud, TGAS brought to light the latest advancements, trends and best practices through numerous panel discussions and sessions that are shaping the future of business and technology, leading the way in enabling transformation through innovation.
While each session catered to specific nuances, here are the key highlights from the conference:
Exploring “Economic Growth & Technology Trends”, highlighting the keys to unlocking transformation through technology, collaboration, and data.Embarking on a digital transformative journey in today’s business landscape, focusing on establishing a Cyber-Resilient Enterprise in 2023.Crafting a unified defense strategy in a fragmented digital world and going beyond boundaries to ensure security and continuity.Enhancing infrastructural agility with data, AI, and cloud, and bolstering organizational agility with Generative AI to drive innovation.Changing role of CIOs, CTOs and CISOs reflecting a paradigm shift from being a leader to catalysing adoption of emerging technologies.
“The Global Agility Summit has truly exemplified the transformative power of data, artificial intelligence, and cloud technologies in our ever-evolving world. The remarkable insights, collaborations, and innovations that emerged from the summit are a testament to the bright future of technology. We look forward to continuing this journey of discovery and growth, making our mark in the digital landscape”, said Santanu Ganguly, CEO, StrategINK
A team of pragmatic and experienced Industry Experts, who passionately help Business Organizations (Buyers, Sellers, Business/Channel Partners) with a variety of services towards accelerating ‘Business Innovation & Go-to-Market’ pursuits. With our core offerings of ‘Research based Business Insights’, ‘Content driven Marketing Solutions’, ‘Digital Transformation Consulting & Advisory’, and ‘Learning, Enablement & Skill augmentation Services’, we catalyze & accelerate business transformation, digital led innovation, sales acceleration, skill enhancement, and customer delight. With our rich, diverse & hybrid model of digital and physical tools, techniques and industry proven frameworks and best practices, we develop unique solutions to address the complex business challenges of our clients and create compelling value through sustainable innovation.
For additional information, please contact: Manish Sharma Chief Business Officer msharma@strategink.com
NEW YORK, Nov 17, 2023 – (ACN Newswire) – Wiz today announces the addition of Wiz for AI Security to its Cloud Native Application Protection Platform (CNAPP). This move makes Wiz the first ever CNAPP to include AI Security Posture Management (AI-SPM) capabilities, and comes amidst explosive AI adoption.
As companies capitalize on the transformative power of this technology, they must also embed security into every part of the AI pipeline. Wiz Research has found that over 62% of organizations are using at least one AI cloud service, and the trajectory shows no signs of slowdown. One corollary of that growth: security teams must contend with a slew of new services, instances of Shadow AI, and improper controls that could introduce risk – such as the leak of 38 terabytes of data that Microsoft AI researchers accidentally exposed.
“AI adoption today mirrors where cloud was several years ago: almost everyone is using it, but very few organizations have a process in place to govern it,” said Yinon Costica, Cofounder & VP Product, Wiz. “Today’s AI Security launch is a response to that need. Wiz is eliminating roadblocks to innovation, so customers can securely build with AI.”
Wiz for AI-SPM delivers full-stack visibility, and enables customers to proactive remove risks in their AI pipelines. It includes the following capabilities:
– Extending full-stack, agentless inventory with AI-BOM
– Enforcing misconfiguration checks for AI
– Extending DSPM to AI
– Extending Attack Path Analysis to AI
– AI Security Dashboard
Visit the Wiz blog to learn more about how Wiz is empowering organizations to accelerate AI adoption securely.
About Wiz
Wiz secures everything organizations build and run in the cloud. Founded in 2020, Wiz is the fastest-growing software company in the world, scaling from $1M to $100M ARR in 18 months. Wiz enables hundreds of organizations worldwide, including 40 percent of the Fortune 100, to rapidly identify and remove critical risks in cloud environments. Its customers include Salesforce, Slack, Mars, BMW, Avery Dennison, Priceline, Cushman & Wakefield, DocuSign, Plaid, and Agoda, among others. Wiz is backed by Sequoia, Index Ventures, Insight Partners, Salesforce, Blackstone, Advent, Greenoaks, Lightspeed and Aglaé. Visit https://www.wiz.io for more information.
Contact Information Tamar Harel Head of US Office, STLV tamar@shalomtelaviv.com +972508879311
HONG KONG, Nov 14, 2023 – (ACN Newswire) – Widespread ChatGPT use and remote medical consultations have taken artificial intelligence (AI) and telemedicine into the mainstream, including treatment for vision problems. At the 21st Hong Kong International Optometric Symposium this year, professionals from Mainland China, the United States, Australia, the United Kingdom and Hong Kong, discussed AI and tele-optometry developments. They examined how technology could “open the eyes” of the visually impaired and reduce staffing pressure on primary healthcare. They also shared thoughts on whether technological advancements would endanger employment prospects for optometrists.
“This is an exciting time, as many technologies suited for the visually impaired can now be accessed through apps,” said Dr Patrick D. Yoshinaga of the Marshall B. Ketchum University in the United States. Several AI-powered smartphone apps could identify objects after being trained through exposure to a large set of images. Users simply needed to point their smartphone camera at any object or text and listen to an audio narration describing it. Using Microsoft’s Seeing AI as an example, Dr Yoshinaga pointed out that, six years ago, users would have had to wait several seconds for the app to respond after clicking on the screen, but no longer! He recalled that a blind working mother could use the app to read documents and find meeting locations at work, and help her daughter choose matching colours at home. She could even turn off the lights in her daughter’s room after learning how bright the room was.
Dr Patrick D. Yoshinaga of the Marshall B. Ketchum University in the United States warned against the black-box effect during AI algorithm development, referring to people’s inability to understand the AI algorithm or its decision-making process.
Visually impaired people can now wear AI glasses equipped with the GPT-4 language model and converse with them, reading menu contents for example. A user could even ask: “What types of vegetarian options are available?” and GPT-4 would summarise relevant dishes and respond conversationally. When the audience learnt that AI apps could serve as “eyes” for the visually impaired, some gasped in amazement and photographed presentation slides to capture the moment.
PolyU employs AI for diagnosis and brings Australian experience to Hong Kong
Globally, societies are contending with ageing populations and rises in diabetes cases. With healthcare providers in high demand, AI can offer relief. Professor Mingguang He of The Hong Kong Polytechnic University received a grant from the Australian government some years ago. He collaborated with universities in Hong Kong and healthcare technology companies to investigate AI use in eye disease diagnosis, as well as how this technology could be implemented in the community. His research in 2018 found that AI had a 90% or higher accuracy rate in detecting common eye diseases such as diabetic retinopathy, glaucoma and age-related macular degeneration. They subsequently installed a simple AI system in local GP clinics. Following an eye examination, fundus images were automatically transferred to the AI system for analysis, and the system could produce a report in two to three minutes.
Discussing whether AI vision test failure may pose a liability risk for optometrists, Prof Mingguang He of The Hong Kong Polytechnic University noted that some insurance companies in the United States and Australia had already included coverage for AI errors.
“Previously, Australians were required to visit a clinic multiple times for diagnosis and report collection. That can now be accomplished in a single visit.” Prof He said they designed the system to work without requiring an internet connection, after considering resources available at clinics. They also created a simplified version of the device for self-administered testing which could be bought for as little as HK$10,000. Prof He planned to gradually apply his Australian experience to Hong Kong’s Smart Clinic Project, which is expected to benefit more than 200,000 grassroots citizens.
Eye-health software fills gaps in UK eye-care services
Another example of AI use came from Professor Benny Chung-ying Zee of The Chinese University of Hong Kong Jockey Club School of Public Health and Primary Care. He explained that AI analysis of retinal images allowed prediction of a patient’s risk of stroke and cognitive impairment, allowing early intervention to improve lifestyle habits. This approach could also reduce the long-term burden that vision examinations would place on the healthcare system.
Dr Priya Morjaria of Peak Vision, a social enterprise in the United Kingdom that specialises in eye care, said 90% of vision-loss cases could be avoided if individuals received timely examination and assistance. Her social enterprise provided eye health screening software to help countries bridge eye-care service gaps. The system begins with a screening for eye conditions, followed by case triage, eyeglass prescriptions and even surgical intervention. All of this is documented in the system, lowering the possibility of patients in need of care not being followed up. She noted that the proportion of Pakistani men participating in her social enterprise’s programmes had increased from 19% to 45%, approaching the ideal target of 50%.
Dr Priya Morjaria’s social enterprise, Peak Vision, designs software for remote eye examinations, collecting just the data needed.
Many audience members were optometry students concerned about how AI would affect employment prospects and how they could prepare themselves before entering the field. Prof He believed AI would not replace optometrists but help them work more efficiently. Eye examination and reporting used to take three days to complete but with AI assistance, these tasks took just 30 minutes. Dr Morjaria added: “AI will not take away your job. Patients always need to see a person. They always want to find a clinician to make a final decision.” Nevertheless, she reminded students to be aware of the evidence underlying AI decisions and advised them not to accept the finding for what it is, but to learn about and understand AI in order to interpret the evidence presented.
The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong’s trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedIn
DUBAI, UAE, Nov 14, 2023 – (ACN Newswire) – Kinetic Consulting, the leading boutique consulting company providing business growth consultancy, has released macky.ai, the first AI business consulting platform that offers any organisation an easy, non-prompt-based AI consulting solution for up to 55 different business categories. The platform is powered by OpenAI’s artificial intelligence technology.
CEO of Kinetic Consulting – Joe Tawfik
What is Macky AI?
The Macky AI platform overcomes some of the key hurdles preventing the mass adoption of AI in a business environment. No training is required for employees to begin taking advantage of the consulting platform. No knowledge is required on how to prompt the AI to get the right output or determine if the output is suitable. The hard work of determining which prompt to use or if the output is suitable has already been determined by the software’s creator, Kinetic Consulting. Platform users are asked a maximum of three questions to generate the desired output.
The creators of the Macky AI software have curated the types of everyday requirements of key departments in a business and what type of suitable output can be generated from a generative AI solution. An example may be generating something as simple as a job description for a new employee or something more complex, such as creating a new business process or reengineering an existing one. These types of requests are often requested for consultants to perform. Macky AI aims to reduce the cost of everyday consulting needs for companies so they can empower their employees to complete these tasks without the need for costly consultants.
By freeing up the costs paid for these lower-level activities, companies can now divert effort and funds to develop higher-value business initiatives, such as business roadmaps and growth strategy plans. These higher value and more complex business requirements will remain better suited for traditional consulting. The Macky AI platform is unique because it also provides its users with traditional consultants for more complex needs. The ability for an organisation to have the best of both worlds, all on one platform, is made possible on Macky AI. The future of consulting will be the augmentation of AI and human consultants.
Macky AI Provides New Consulting Options for SMEs
A 2023 report by the OECD[1] on the outlook of SMEs in OECD countries highlights that the majority are currently operating in highly challenging environments. The report cites that SMEs have been greatly impacted by the COVID-19 pandemic, rising geopolitical tensions, high inflation, tighter monetary and fiscal policy, and supply-chain disruptions. Retaining and attracting staff has also become a major issue for SMEs in OECD countries. According to a Future of Business Survey, it is reported to be the second most pressing challenge faced by SMEs that are older than two years in the first quarter of 2022[2]. Many SMEs have also depleted their cash reserves during the pandemic and now find it challenging to raise capital for their business to fuel the rising costs of goods and services and the capital required for digital transformation projects.
Outside of the OECD, we find the importance of a thriving SME ecosystem even more critical. In the Gulf region, SMEs contribute even more to the economy than their counterparts in OECD countries. Within the UAE, for example, SMEs represent 94% of the companies and institutions operating in the country, contributing more than 50% to the country’s GDP. SMEs account for 86% of the private sector’s workforce. Operating extensively throughout the rest of the GCC, SMEs employ 80% of Saudia Arabia, 43% of Oman’s workforce, 57% of Bahrain, 23% of Kuwait, and 20% of Qatar.
The importance of having healthy and thriving SMEs is recognised as the primary pillar of strength for any economy. The challenging environment and rising cost of capital make it difficult for SMEs to afford traditional consulting. Ironically, this is the time when consulting is most needed to help SMEs navigate, transform, and thrive again. Macky AI gives SMEs affordable access to consulting services using artificial intelligence. The AI business consulting platform provides an on-demand service for key business challenges, such as analysing a profit and loss statement to identify cost savings and developing a 12-month marketing plan to increase sales.
The Future of Consulting
Business consulting, like most industries, is undergoing a period of disruption. Technological advances, such as artificial intelligence, are accelerating the delivery of consulting in the future. Critics of the technology may highlight how AI is not 100% accurate in its outputs and is prone to error, so it should not be used. This argument is fundamentally flawed because even human-based consulting is prone to errors. All outputs delivered by human or AI consultants should be checked for accuracy. The advancement of generative AI technology has reached a point where it is now highly useful in a business or education environment.
AI technologies should be embraced rather than resisted if they are fit for purpose. Macky AI is designed to be specifically for business-related needs, and even in the open question section of the platform, the AI has been programmed not to answer questions that are not business-related. The objective of restricting it for business purposes only is to ensure that if employers give it to their employees, it will not be used for personal needs.
“As advancements in AI evolve, we need to accept that it will become a natural part of how we interact with things, get answers to our questions, and help solve complex problems. The future of consulting will be an augmentation between AI and human consultants. This is the inevitable evolutionary path. The percentages of AI usage versus human is unknown at this stage. However, I am 100% confident it will not be all traditional human consulting for much longer. Macky AI is the first step towards bringing AI into the workplace in a controlled environment for a specific business purpose. By empowering SMEs with affordable consulting outputs for business tasks, we are also helping SMEs overcome everyday business challenges and thrive in the future. Macky AI is designed to democratise consulting, making it accessible to all organisations regardless of size.” said Joe Tawfik, founder of Macky AI.
NEW YORK, Nov 10, 2023 – (ACN Newswire) – Koat.ai, a next-generation social listening and intelligence platform, and Plato AI, a pioneer in open intelligence solutions, announced today a strategic partnership aimed at transforming the landscape of data intelligence and innovation.
At the forefront of data intelligence, Koat.ai is a comprehensive and actionable market insights platform powered by AI. The company’s proprietary manipulation detection technology enables it to identify both human and manipulated (inorganic) accounts, providing unparalleled clarity of insight and data. With granular sentiment analysis, quantified emotions, and real-time abnormality alerts, Koat.ai empowers analysts, strategists, and decision-makers with the clearest and fastest insights into online narratives, enabling them to protect brand reputation, inform strategy, and seize opportunities.
Plato Technologies is a cutting-edge open intelligence repository and platform that harnesses the power of Generative Intelligence and Search in a scalable and profitable manner. Their platform is designed to provide a secure environment for consuming sector-specific real-time data intelligence.
The partnership between Koat.ai and Plato Technologies aims to leverage Koat’s powerful datasets and enrichment technology with Plato’s extensive repository of technical documentation and vertical intelligence. The collaboration will kick off with the development of a Biotech platform, where Koat’s GPT-powered capabilities will generate insights from Biotech datasets from social and media sources. The platform will feature a Ticker-style interface that displays stock data and relevant conversations on a single graph, providing valuable insights for Biotech industry professionals.
Both companies are excited about the potential of this partnership, which will bring together the strengths of Koat’s AI-powered social listening and Plato’s open intelligence repository to drive innovation and deliver enhanced data intelligence solutions.
Koat is headquartered in Calgary, Canada, while Plato is based in New York, USA. The geographical diversity of the partnership reflects the global nature of their collaboration.
Dallas Toth, CEO of Koat.ai, expressed his enthusiasm for the partnership, stating, “We believe that this collaboration with Plato will take our data intelligence capabilities to new heights, opening up new horizons for our clients and enabling them to make more informed decisions.”
Bryan Feinberg, CEO of Plato Technologies, added, “Our generative intelligence network and Koat.ai’s advanced social listening tools are a perfect match. We look forward to creating innovative solutions that will drive industry-wide changes in data intelligence.”
This partnership signifies a new era in data intelligence and innovation, with Koat.ai and Plato leading the way. Stay tuned for exciting developments and transformative solutions from this dynamic collaboration.
KOAT.AI is a next-generation social listening and intelligence tool powered by AI for comprehensive and actionable market insights to protect brand reputation, inform strategy, and seize opportunities. With proprietary manipulation detection algorithms, Koat.ai has the power to identify human and manipulated (inorganic) accounts, providing True Market Sentiment and unparalleled clarity of insight and data. With granular sentiment, quantified emotions, and real-time abnormality alerts, Koat.ai empowers analysts, strategists, and decision-makers with the clearest and fastest insights into any online narrative.
Plato is a Generative Intelligence Network and platform focused on today’s most active technology verticals. The platform is designed to provide an ultra-safe environment to consume sector-specific data intelligence.
For further information or media inquiries, please contact:
Plato AI Bryan Feinberg CEO/ Plato AI Zephyr@Platodata.io
Koat AI Matt Ewart Chief Strategy Officer Matt@Koat.ai
BERLIN, Germany, Nov 9, 2023 – (ACN Newswire) – A new survey of insights experts and business stakeholders highlights the rapid adoption of AI technologies in reshaping how knowledge flows through enterprises. The report, “How AI will transform use of research, data and insights“, published today by Market Logic Software, the global leader for insights management solutions, reveals that more than three-quarters of insights teams and two-thirds of stakeholders have already begun using AI for insights-related tasks.
Innovation Report: How AI will transform use of research, data & insights
The report forecasts a sharp rise in self-service interactions with insights data amongst marketers, product managers, and other business stakeholders as AI accelerates the trend towards democratization of research and data. In parallel, the survey reveals that insight teams are set to bank the productivity benefits of AI: cutting the time needed to complete a wide range of research and knowledge management tasks. Almost 40% of insights leaders believe these enhanced AI capabilities will prompt them to shrink the size of their teams.
“More than 80% of all respondents expect that AI will help them to ‘spot new trends faster’ and ‘manage existing knowledge resources better.’ These forward-thinking pioneers will be at the forefront of seizing competitive advantage through AI and implementing a new generation of insights-driven operations,” commented Olaf Lenzmann, Market Logic Software’s Chief Innovation and Technology Officer.
While the report illustrates a good deal of alignment between business stakeholder groups and insights teams on the potential for AI to scale insights-driven decision-making, it also uncovers some marked differences in attitudes to risks. Where business leaders focus more on data security and compliance requirements, insights teams place emphasis on the need to create guardrails for research data output quality and accuracy.
“Discussion of AI tends to focus on efficiency benefits, but this data sheds new light on what may be an even more important impact,” says Mike Stevens, the report’s lead researcher and author. “Nearly 75% of stakeholders believe AI will increase their organization’s demand for research and insights. To meet this demand, insights teams will need to evolve their mix of skills, empower their stakeholders, and adopt a range of new technologies.”
Based on a series of in-depth interviews and a comprehensive survey of enterprise organizations, the report was researched and produced by industry analyst, Insight Platforms. More than 200 professionals in the USA, UK, and Canada completed the survey. Half of these worked in market research and insights functions; the remaining half were in stakeholder teams such as strategy, marketing, or product management. This sample provides the first cross-functional gauge of professional perspectives on embracing AI for research and insights. This report is now publicly available for download from Market Logic Software.
About Market Logic Software:
Market Logic is a market-leading SaaS provider of insights management solutions.
Our AI-enabled insights management platform allows insights teams to equip business decision-makers with trusted insights at scale and speed. Since 2006, we’ve helped hundreds of consumer-focused brands across the globe to transform into insights-driven businesses. Market leaders such as Unilever, Vodafone, Astra Zeneca and Tesco are driving innovation and making smarter market moves with the support of Market Logic. Find out more at https://marketlogicsoftware.com/
About Insight Platforms:
Insight Platforms is the leading publisher of expert content for insights technology and digital research methods. With virtual events, training courses and a comprehensive directory of tools, the site attracts a global audience of over 250,000 insights and data professionals annually.
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