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NMIMS MPSTME shines in global data analytics competition

May 4, 2023 Published by Roboticulized.com

Team Marcos, consisting of 4 M Tech Data Science students Praveen Loharkar, Gaurav Ojha, Faizan Siddiqi, and Harsh Jani from NMIMS MPSTME Mumbai, secured the runner-up position for their research in the SAS Curiosity Cup. The prestigious international competition that challenges student teams from around the world to compete in real-world analytics challenges.

Team Marcos presented their innovative project “Country-wise Analysis of Socio-economic Indicators and its Impact on Olympic Games’ Performance,” under the guidance of Prof. Sundaram Iyer and Prof. Sarada Samantaray, Associate Dean, Data Science & Artificial Intelligence. The project aimed to uncover the factors that influence a country’s Olympic success by examining the relationship between its socio-economic indicators and athletic performance. They showcased their expertise in data collection, cleaning, normalisation, and analysis using SAS software. Based on the quality and significance of their paper, Team Marcos was selected among the top 10 teams to advance to Round 2, where they presented a video that effectively communicated their research findings and the value of their data preparation techniques.

The research findings of Team Marcos highlighted the correlation between a country’s HDI and Olympic medal performance. The top-performing countries in socio-economic and Olympic indicators included USA, Norway, Denmark, Australia, Russia, and China. Their findings can guide policymakers in developing evidence-based strategies to improve their countries’ sports performance.

Dr. Alka Mahajan, Dean, MPSTME, said, “NMIMS MPSTME’s success in the competition highlights the institution’s commitment to developing its students’ data science skills and promoting innovative research. The Runner-Up title is the hard work and dedication of the students and their mentors, and we look forward to seeing their future accomplishments in the field of data science. The global recognition at such excellent platforms showcasing exceptional skills and knowledge is an honor to the students as well as the university. NMIMS remains committed to guiding students towards achieving more remarkable feats in their academic and professional journeys.”

Wishpond Announces Acquisition of Essential Studio Manager – a Provider of Business Management Solutions for Small Businesses

May 4, 2023 Published by Roboticulized.com

Wishpond Technologies Ltd. (TSXV: WISH) (OTCQX: WPNDF) (the “Company” or “Wishpond“), a provider of marketing-focused online business solutions, is pleased to announce that it has completed the acquisition (the “Acquisition“) of certain assets of Essential Studio Manager LLC (“ESM”). Based out of Wilmington, Delaware, ESM is a provider of business management software, including invoicing and customer relationship management (“CRM“) solutions for small businesses in the services industry. With this Acquisition, Wishpond has added another piece to its goal of offering a complete end-to-end customer lifecycle solution to small businesses which streamlines and automates their sales, marketing, and business management processes.

Ali Tajskandar, Chairman and CEO of Wishpond, commented on the acquisition, “We are extremely happy to announce our first acquisition of the year and the sixth acquisition since going public in December of 2020. We’ve begun to look at new tuck-in acquisition opportunities once again, and we are really excited about adding ESM as it furthers our mission to help small businesses grow and succeed. ESM has built a comprehensive suite of complementary business productivity solutions which we believe our customers will derive tremendous value from as part of Wishpond’s product offering. We expect this acquisition will provide significant benefits to small businesses, allowing them to streamline and automate their marketing and business processes, save time and money, and focus on growing their business.”

Founded in 2013, ESM has more than 150 customers, primarily comprised of small services-oriented businesses from various industries. ESM helps these small businesses manage their financial and CRM-related processes such as invoicing, expense management, booking appointments, automated customer communication, contract digital signing, embedded forms, notifications, and more. These functions consume a significant amount of time and attention from entrepreneurs who have a limited time and budget. Instead, for the low cost of a monthly subscription, ESM allows small business owners to spend their time on growing their business.

Wishpond will retain ESM’s brand, website, and client relationships while providing operational support and offering cross-selling opportunities. ESM is expected to be integrated with Wishpond’s next-generation Propel IQ platform this year. Wishpond customers using Propel IQ’s sales and marketing platform will then be able to provide contract signing, invoicing and access other CRM functionality from one single platform.

Jordan Gutierrez, Chief Operating Officer of Wishpond, added “ESM is a natural fit for Wishpond’s customers as it complements our existing sales and marketing software and solutions. This acquisition expands our product offering and allows Wishpond to serve a broader range of small business customers. Furthermore, this acquisition will create cross-selling opportunities for Wishpond as we can offer ESM’s software to Wishpond’s existing base of over 4,000 customers, increasing the value of our customer relationships. We expect this acquisition will result in higher customer retention and an increase in long-term customer value for Wishpond. We believe ESM allows Wishpond to provide the most complete solution on the market for small business to manage their sales, marketing, invoicing, and customer relationship efforts.”

Specialty Food Ingredients Market to Reach $144.98 Billion by 2030: Grand View Research, Inc.

May 4, 2023 Published by Roboticulized.com

The global specialty food ingredients market size is expected to reach USD 144.98 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.2% from 2023 to 2030. The rapid growth of the food and beverages, personal care, and pharmaceuticals industries, coupled with the rising penetration of organized and e-retail across the world, is expected to fuel the growth of the market.

Key Industry Insights & Findings from the report:

The sensory product dominated the market with a revenue share of 58.9% in 2022, on account of the increasing demand for processed and convenience foodstuff and a shift in demand for higher nutritious and organic products.
In the functional product segment, hydrocolloids accounted for the largest revenue share in 2022 as they are widely used in many food formulations to improve quality attributes and shelf-life. The two major uses are thickening and gelling agents. As thickening agents, they find uses in soups, gravies, salad dressings, sauces, and toppings while as gelling agents, they are extensively used in products like jam, jelly, marmalade, restructured foods, and low sugar/calorie gels. Thus, it is anticipated to witness robust growth over the forecast period.
The food and beverage application segment led the market in 2022 and accounted for over 70.0% share of the global revenue. The large demand for sugar substitutes as consumers strive to eat products with less sugar or no-sugar products is anticipated to drive the food and beverage application segment.
Asia Pacific is expected to register the highest CAGR from 2023 to 2030 on account of the robust growth of the food and beverage industry in Asian countries such as India, China, and Thailand.
The global market is highly fragmented with the presence of large-sized international companies and small- and medium-sized domestic players. Key players are focusing on acquisitions and are increasingly expanding product capacities.

Read 140-page full market research report, “Specialty Food Ingredients Market Size, Share & Trends Analysis Report By Application (Food & Beverage, Pharmaceutical, Personal Care), By Product (Sensory, Functional), By Region, And Segment Forecasts, 2023 – 2030“, published by Grand View Research.

Specialty Food Ingredients Market Growth & Trends

The food and beverages industry is diverse and competitive and is driven by consumers’ demand and preferences for the safety of ingredients and processed foods. Demand for products such as non-GMO, gluten-free, organic, and natural foods has led to the development of products by non-traditional food companies that offer alternatives.

Moreover, consumers give high importance to a balanced diet of high-quality food that has a positive impact on their health. Sugar-reduced products are an important pillar in such a diet as the health risks associated with high sugar intake are very severe. This has also increased the demand for such healthy and natural specialty food ingredients.

Functional food ingredients such as vitamins, minerals, antioxidants, hydrocolloids, prebiotics, amino acids, plant extracts, and carotenoids are the key ingredients of fortified food. The health-conscious population is rapidly expanding in emerging markets, which will drive the demand for the fortification of food. The nutritional consumption differences across regions contribute greatly to the apparent differences in the health of populations across the countries.

These ingredients customarily preserve the texture, enhance color, emulsify, add benefits in processing, and ultimately add a superfluous edge health dimension to the produced food. The health, nutritional, and technological related functions of these products make the diet pleasant for consumption, tasty, safe, healthy, and even affordable. Hence, these advantages associated with specialty food ingredients are expected to be the major driving factors of the industry.

Apart from these benefits, these constituents are considered among the few major options suitable for sustainable processing of foodstuff. These ingredients provide solutions to enhance the efficiency of resources by reducing downstream losses and the entire value chain owing to their extremely effective impact during the storage and processing of food.

Ingredients use almost every valuable component of raw materials, thus improving the efficiency of resources and raw materials. These products optimize the quantity of raw material required during processing, which results in less energy consumption, hence resulting in the reduction of greenhouse gas.

Various organic technologies for the processing of ingredients, nutritional supplements, flavor components, processing aids, and reagents have been formulated in the recent past, which is a major trend expected to drive the demand for these products owing to the shift in consumer demand for organic foodstuff.

Specialty Food Ingredients Market Segmentation

Grand View Research has segmented the global specialty food ingredients market report on the basis of product, application, and region

Specialty Food Ingredients Market – Product Outlook (Revenue, USD Million, 2018 – 2030)

Sensory
- Enzymes
- Emulsifiers
- Flavours
- Colorants
- Others
Functional
- Vitamins
- Minerals
- Antioxidants
- Preservatives
- Others

Specialty Food Ingredients Market – Application Outlook (Revenue, USD Million, 2018 – 2030)

Food & Beverage
- Snacks
- Bakery
- Confectionery
- Dairy Products
- Breakfast Cereals
- Frozen Foods
- Meat, Poultry & Seafood
- Baby Food
- Sauces, Dressings & Condiments
- Alcoholic
- Non-alcoholic
- Others
Pharmaceutical
Personal Care

Specialty Food Ingredients Market – Regional Outlook (Revenue, USD Million; 2018 – 2030)

North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- U.K.
- France
Asia Pacific
- China
- India
- Japan
Central & South America
- Brazil
Middle East & Africa
- Saudi Arabia

List of Key Players of Specialty Food Ingredients Market

Naturex
Givaudan
Eli Fried Inc.
KF Specialty Ingredients
Ingredion
Associated British Foods Plc
Kerry Group
Agropur Cooperative
Ashland Inc
Archer Daniels Midland Company
Cargill Inc.
Wild Flavors GmbH
DSM
Diana Group SA
Tate & Lyle
CHR. Hansen

Check out more related studies published by Grand View Research:

Organic Personal Care Ingredients Market – The global organic personal care ingredients market demand is estimated to reach USD 12.4 billion by 2027, exhibiting a volume-based CAGR of 5.4% over the forecast period, according to a new report published by Grand View Research, Inc. Rising awareness among consumers from Europe and North America regarding the harmful side effects of the conventional synthetic and chemical ingredients is expected to drive the growth.
Food Coating Ingredients Market – The global food coating ingredients market size is expected to reach USD 5.52 billion by 2025, according to a new report by Grand View Research, Inc. Growing food & beverage industry along with the growing popularity of fast food restaurants across various age groups has been a major factor driving the market growth.
U.S. Ingredients Market – The U.S. ingredients market is anticipated to reach USD 42.6 billion by 2025, according to a new report by Grand View Research, Inc. Shift in consumer preferences towards environment-friendly and natural products has forced the ingredient manufacturers to focus more on research & development of naturally extracted, with minimum processing and nutrient rich ingredients.

Top Three Technologies Transforming The Mining Market In The Forecast Period- By The Business Research Company

May 4, 2023 Published by Roboticulized.com

As per The Business Research Company’s Mining Global Market Report 2023, the global mining market will grow from $2022.6 billion in 2022 to $2145.1 billion in 2023 at a compound annual growth rate (CAGR) of more than 6%. The mining industry revenue is then expected to grow to $2775.5 billion in 2027 at a CAGR of more than 6%. Going forward, major mining industry drivers such as a rise in infrastructure development, increasing merger and acquisition activities, increasing implementation of autonomous equipment and increasing construction activities will drive the mining industry growth.

The global mining market is slightly fragmented, with a large number of small players, as per the mining industry overview. BHP Group Limited was the largest competitor with 3.38% share of the market, followed by Rio Tinto Group, Glencore plc, Vale S.A., China Shenhua Energy Company Limited, Anglo-American plc, China Coal Energy Company Limited with, Jiangxi Copper Corporation Limited with, Yankuang Energy Group Company Limited and Zijin Mining Group Company Limited.

Learn More On The Mining Market Report – https://www.thebusinessresearchcompany.com/report/mining-global-market-report

Major mining industry companies are adopting the following technologies in their businesses:

1. Lidar (Light Detection And Ranging)

LiDAR is gaining popularity among the mining industry trends. Mining companies are using LiDARs to capture geospatial information of the natural surface and mine infrastructure, and to calculate the production volumes with proper planning. For instance, in November 2021, Burgex Inc Mining Consultants, a US-based mining consulting services company, integrated a Velodyne lidar sensor to its ExynPak mining equipment, for simultaneous localization and mapping of surface and underground mining environments. It helps in mine planning and mineral exploration projects and allows workers to identify faults, slopes and other geological features in real-time.

2. Use Of 3D Mine Visualizers

Mining companies are using 3D mine visualizers to obtain a real-time digital model of a mine. A 3D mine visualizer generates a three-dimensional model of the mine layout and transfers it directly to the operator. 3D mine visualizers significantly enhance the productivity of large mining environments. It is a valuable tool in operations planning, analyzing problematic areas and tracking mine development over time. For instance, in July 2021, Tech Soft 3D, a US-based software company, introduced its HOOPS Visualize, a graphics engine for the MineRP Platform that delivers powerful 3D visualization capabilities to easily visualize very large and complex geological models.

3. Drone Technology

Drone technology has the potential to be the most disruptive among the mining market trends. Drone technology is used for mining applications, such as surveying, mapping, preserving safety, stockpile evaluation, inventory management, hot spot identification and inspection. For instance, in February 2023, Coal India arm MCL, an India-based coal producing company, launched drone technology in coal mines for environmental monitoring, volume measurement and photogrammetric mapping of mines for digitalization of the mining process.

Request A Free Sample Of The Mining Market Report – https://www.thebusinessresearchcompany.com/sample.aspx?id=1860&type=smp

The global mining market is segmented –

1) By Type: Mining Support Activities, General Minerals, Stones, Copper, Nickel, Lead, And Zinc, Metal Ore, Coal, Lignite, And Anthracite

2) By Process: Underground Mining, Surface Mining

3) By Service Provider: Independent Contractors, Companies

As per the mining market outlook, the top growth potential in the market by type will arise in the metal ore market, which will gain $212.2 billion of global annual sales by 2027. Asia Pacific was the largest region in the market, accounting for 64.3% of the global market in 2022. The mining market size will gain the most in China at $192.2 billion.

View More Similar Market Reports:

Autonomous Mining Equipment Global Market Report 2023

https://www.thebusinessresearchcompany.com/report/autonomous-mining-equipment-global-market-report

Green Mining Global Market Report 2023

https://www.thebusinessresearchcompany.com/report/green-mining-global-market-report

Mining Machinery And Equipment Global Market Report 2023

https://www.thebusinessresearchcompany.com/report/mining-machinery-and-equipment-global-market-report

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A11yable™ in May: Open Window Opportunities for Enterprises in an $8 Trillion Market

May 3, 2023 Published by Roboticulized.com

May is designated as Better Speech and Hearing Month, Mobility Awareness Month, Older Americans Month, and it includes Global Accessibility Awareness Day. Although these initiatives might seem unrelated, they all share a common theme of inclusivity and accessibility. Making digital assets accessible to everyone is a moral imperative and also makes good business sense. According to a report by the Return on Disability Group, the global market for people with disabilities, their families, and caregivers is estimated to be worth $8 trillion.

Enterprises that invest in making their digital assets accessible to people with disabilities can tap into this vast market and gain a competitive advantage. Making digital assets accessible also promotes customer loyalty and employee satisfaction, as people with disabilities and their families feel valued and included.

David Adi, CEO of A11yable, emphasizes the importance of May for businesses, stating, “May is a crucial month for enterprises to focus on inclusivity and accessibility, Environmental, Social, and Governance (ESG) and social responsibility as it presents a window of opportunity for driving business success. By investing in digital accessibility and making digital assets accessible to everyone, businesses can tap into a vast market and gain a competitive advantage.”

A11yable’s A11y360 – the digital accessibility hub provides tools to make digital assets accessible, including the a11yCaption. The a11yCaption component uses AI and machine learning to automate the captioning process in over 35 languages, making it faster and more accurate than traditional manual captioning services for post-production and live broadcast. Using A11y360 to achieve digital accessibility means that enterprises can manage all their accessibility projects in one place and achieve consistent and high-quality results.

The COVID-19 pandemic has accelerated the pace of digital transformation, with many businesses shifting to online operations. This shift has highlighted the importance of digital accessibility, as many people with disabilities rely on online services for daily tasks. In the United States, the Americans with Disabilities Act (ADA) requires businesses to make their websites accessible to people with disabilities. Failure to comply with ADA regulations can result in lawsuits, fines, and damage to the business’s reputation.

In conclusion, May is important for raising awareness about inclusivity and accessibility. By investing in digital accessibility, businesses can tap into a vast market, improve their ESG score to comply with ADA regulations and improve the user experience for people with disabilities. A11yable provides a comprehensive suite of tools to achieve digital accessibility, making it an excellent solution for businesses looking to improve accessibility and inclusivity.

Enterprises, organizations, and government agencies may request a free, no-obligation demo of the innovative a11y360 Digital Accessibility Hub from A11yable.

‘A new era of development and progress for Dalits and backward communities marks PM Modi’s governance’, says Ravidassia community in New Zealand

May 3, 2023 Published by Roboticulized.com

President of New Zealand Guru Ravidas Sabha, Ram Singh Chonkria said that the nine years of PM Modi’s leadership have marked the new dawn for the growth and development of Dalits and backward communities in India. “PM Modi during the last nine years has provided have taken a number of policy decisions that have led to the socio-economic development of these communities in India. Long pending issues of various minority communities like the opening of the Kartarpur corridor and abolition of triple talaq were resolved. The government has introduced the Central Sector Scheme of National Overseas Scholarship to facilitate students belonging to SC/ ST categories study in top universities abroad,” said Ram Singh Chonkria.

“Under PM Modi’s leadership ample opportunities were provided to Dalit students for undergoing education by providing academic scholarships to more than four crore students which is much higher than the scholarships allotted by the UPA government. This scholarship has opened new avenues for Dalit students and provided them with opportunities for economic upliftment,” he added.

Avtar Singh, General Secretary of New Zealand Guru Ravidas Sabha said that Prime Minister Narendra Modi has carried out developmental work at the birthplace of Guru Ravidas, at Seer Govardhanpur in Varanasi. “PM Modi launched a special developmental project for the beautification and upliftment of the sacred place for which the community is thankful to him. The total budget allocated for the project was Rs 50 crore which included the development of Langar Hall for the pilgrims, a park near the temple, public utilities, and the widening of the road leading to the Seer Govardhanpur,” he said, while also hailing the flagging off of a special train Begampura Express from Jalandhar in Punjab to Varanasi for the convenience of Ravidas pilgrims visiting the holy place.

The members of New Zealand Guru Ravidas Sabha while participating in the 132nd birth anniversary of Baba Saheb Dr. B.R Ambedkar hailed the leadership of prime minister Narendra Modi for taking several steps for the welfare and development of Dalits and Backward communities and making them equal partners in the inclusive development of India.

They heaped praise on PM Modi’s leadership during the Equality Day celebration at Sri Guru Ravidas Temple in Auckland, New Zealand which was organized by the NID Foundation and Ambedkar Sports and Cultural Club, Auckland to mark the 132nd birth anniversary of Dr. BR Ambedkar. On the occasion, Satnam Singh Sandhu, chief patron of NID Foundation; Co-Founder Prof. Himani Sood was present as the special guest. The members of various minority, Dalit, and Ravidassia communities living in New Zealand attended the event in large numbers. The other eminent dignitaries who attended the function included Sanjeev Toora, President of Ambedkar Sports and Cultural Club, Auckland; Narinder Sahota, Vice President; Jaswinder Sandhu, Secretary General; Pankaj Kumar, Auditor and Sanjeev Bhatia, Assistant Secretary.

From the New Zealand Guru Ravidas Sabha, President Ram Singh Chonkria; Vice President, Jarnail Singh, and General Secretary Avtar Singh attended the event.

The members of minority and Dalit communities who attended the event validated the welfare initiatives taken by PM Modi for these communities in India during the last nine years. They reiterated that these initiatives have led to upliftment in the socio-economic status of these communities in India.

Kanwaljit Singh Bakshi, Former Member of the New Zealand Parliament, said, “Following the ideologies of Dr. B.R. Ambedkar, PM Modi has been working for the welfare of the Sikh Community and taken several landmark initiatives for them, including the announcement to observe ‘Veer Bal Diwas’ and celebration of Guru Nanak Dev Ji Gurpurab in different parts of the world. Under his leadership, the Sikh Community has received a lot in terms of economic and political benefits, not just in India but across the globe.” He also extended the heartfelt invitation to PM Modi to visit New Zealand whose people are eager to meet the great leader, as his upcoming visit to Australia is in talks.

While addressing the occasion, the Chief patron of the NID Foundation, Satnam Singh Sandhu, said that minorities are treated equally and enjoy equal opportunities under the leadership of Prime Minister Narendra Modi. He said, “Shunning the appeasement politics, PM Modi during the last nine years ensured the development and welfare of every community. Several schemes were rolled out by the Modi government for Dalits and minority communities during the last nine years that have uplifted these communities.

“Scheme worth Rs. 40 Crore to provide coaching to economically disadvantaged students belonging to SC, ST, and OBC categories for various government entrance exams. Out of the total loans provided under PM MUDRA Yojana, 51% of loans have been sanctioned to people of SC, ST, and OBC categories. Under Pradhan Mantri Ujjwala Yojana, 35% of total beneficiaries of free LPG connections belong to people of SC/ST and Dalit categories. 36% of the total houses constructed under PM Awas Yojana have been allocated to people belonging to SC/ST and OBC categories,” added Satnam Singh Sandhu.

Bhav Dhillon, honorary consul of India in Auckland, said, “PM Modi during the last nine years expanded its outreach to Dalits and backward communities in India and made sure that the development benefits under various schemes reach them. There is no communal bias in PM Modi government’s initiatives and schemes.”

Overlooking the economic growth and development of India, the Western media with vested interest have made attempts to tarnish India’s image at the global level by false propaganda about the minority persecution in the country. However, the false claims were debunked by many leaders who attended the event.

Navtej Singh Randhawa, a candidate of the National Party for Panmure-Ōtāhuhu, said, “The government of India has been working on implementing Ambedkar’s ideology of equality in the country, and the celebration of Equality Day on B.R. Ambedkar’s birth anniversary is a commendable initiative to give the message to communities around the world that equality must be maintained, sustained and celebrated with the principles underlined in the Constitution of India.”

Andrew Bayly, a member of the New Zealand parliament for the Port Waikato electorate, said, “Prime Minister Narendra Modi has made immense contributions to India to improve its social aspects as well as the economic structure, which has lifted India’s global image. Owing to his efforts, New Zealand today shares a strong relationship with India, and Indian Diaspora living in New Zealand are a significant part of our community.”

Parmjeet Parmar, a Former Member of the New Zealand Parliament, who also attended the event hailed PM Modi for his contribution towards the inclusive development of India and initiatives taken for women’s empowerment during his nine-year tenure. She said, “PM Modi during the last nine years has taken the nation forward and has ensured the development of all communities living in the country. Several key decisions were taken for various minority communities that have led to their upliftment.”

On the occasion, Satnam Singh Sandhu also presented a copy of the ‘Constitution of India‘ that was installed at the newly built library at Ravidas temple. Meanwhile, the first issue of the magazine ‘BHIM’ was also launched on the occasion. The magazine reflects Dr. BR Ambedkar’s vision, his teachings, and his crusade against social discrimination. It exhibits his liberal thinking and progressive approach toward the vision of an equal India.

Bally’s Enters Into Exclusive, Multi-Year B2B Sports Betting Agreements With Kambi Group Plc And White Hat Gaming

May 2, 2023 Published by Roboticulized.com

Bally’s Corporation (NYSE: BALY) today announced that, after conducting a thorough evaluation, it has entered into exclusive, multi-year agreements with Kambi Group plc, the world’s trusted sports betting partner, and White Hat Gaming, the leading PAM platform solution, to serve as Bally’s B2B online sports betting (OSB) and platform providers.

Combining these market-leading services with Bally’s core strengths, including its expansive footprint, which will consist of 17 casinos across 11 states once ongoing projects are completed, a robust, proprietary player database, an integrated Bally Rewards program, and a cross-functional marketing operation, will support the relaunch of Bally Bet — Bally’s online sports betting platform — which the Company expects to occur across seven states and at four retail gaming locations by the end of 2023. They will also enable Bally’s to expand its OSB presence globally over time.

Through these partnerships, Bally’s will leverage Kambi’s and White Hat’s proven technology integration, extensive licensing across regulated jurisdictions, end-to-end solutions, and track record of executing quick launches to support the expansion and enhancement of its online and retail sportsbooks. In addition, the fixed cost structure previously associated with powering Bally’s B2C sports betting platforms will shift to a variable cost structure that will generate significant cost savings and reduce risk. These benefits, coupled with enhancing Bally’s online and retail sportsbooks to drive further customer engagement with the Bally brand, will better position the Company to deliver near- and long-term results to investors.

Robeson Reeves, Chief Executive Officer of Bally’s Corporation, said, “We are very excited to have entered into long-term agreements with both Kambi and White Hat — two of the world’s most established and trusted gaming technology companies. Kambi provides an award-winning sportsbook that delivers unrivaled sports betting entertainment. By incorporating that with White Hat’s PAM platform solution, as well as our geographic reach, customer base, and marketing prowess, Bally’s will be optimally positioned to achieve significant scale and capture substantial market share in the global gaming market. This, in turn, will support our vision of becoming the premier, full-service, vertically integrated casinos and resorts, online sports betting, and iGaming company.”

Under the terms of the Kambi partnership, Bally’s will integrate Kambi’s mature suite of omnichannel products, trading capabilities, content solutions, and model driven approach to liability management to deliver unrivaled online and retail sports betting entertainment, and iGaming offerings, to Bally’s global customer base. Additionally, Bally’s maintains the option, pending the satisfaction of certain material performance metrics, to acquire a license to a limited part of Kambi’s online and retail technology source code. Should Bally’s exercise the option and pay an agreed sum, the two parties would enter into a separate long-term outsourcing agreement in relation to Kambi’s range of modularized services.

Kristian Nylén, Kambi Chief Executive Officer and Co-founder, said, “We are pleased to enter into this long-term partnership with Bally’s to enable the enhancement and expansion of its online and retail sports betting platform and services. Kambi is the proven global leader in sportsbook provision and I believe this powerful collaboration with Bally’s will deliver its customers the next generation betting entertainment they demand.”

Through the White Hat Gaming partnership, Bally’s will be supplied with its PAM platform solution, which includes its proprietary cashier, multiple RGS integrations, managed services, and its traveling wallet, built end-to-end by White Hat for agility and flexibility in regulated U.S. markets. White Hat’s PAM platform will also provide Bally’s with sports betting and casino content via a mixture of direct supplier and aggregator integrations through its casino module.

Phil Gelvan, CEO of White Hat Gaming, said, “We are excited to partner with an innovative gaming company such as Bally’s, whose vision for growth and diversification complements that of White Hat. We are confident that our core technology, including our best-in-class PAM solution, plus our managed service offering, will not only enhance the Bally’s experience and player engagement, but also support its expansion strategy.”

The Kambi and White Hat partnerships represent the latest step in Bally’s long-term growth and development strategy, and come on the heels of Bally’s recent restructuring of its North America Interactive business segment — a complete redevelopment of the Company’s technology department pipeline that will form a more competitive and cost-efficient go-to market strategy.

Fresh Step Styles Adoptable Cats in Looks Inspired by Red Carpet Fashion

May 2, 2023 Published by Roboticulized.com

Following the biggest night in fashion, Fresh Step® is transforming adoptable cats into style icons through the magic of artificial intelligence (AI). The brand’s ‘Adoption Gala’ campaign takes inspiration from the red-carpet and transforms them into cat couture for pets looking for their forever homes.

Fresh Step worked with partner Best Friends Animal Society to identify cats available for adoption at its New York City Lifesaving Center, spotlighting these pets and the opportunity to help them and other adoptable pets in shelters across the country.

In 2022, a Best Friends Animal Society data analysis showed an improvement in cat lifesaving from the more than 200,000 cats that were needlessly killed in U.S. shelters the previous year.

“If ever there was a pet suited for couture, it would be a cat,” said Eric Jamison, Marketing Director, Fresh Step. “We’re passionate about helping cats in need, and when we learned that it would be the first time a cat would be invited to the biggest fashion event of the year, it gave us an incredible idea to spotlight shelter cats by giving them a virtual red–carpet treatment. Our goal is for every cat to find a loving home.”

“Right now, shelters are consistently at or over capacity and the best way to make a difference in the lives of cats in your community, and the country, is by adopting your new best friend,” said Julie Castle, CEO, Best Friends Animal Society. “We appreciate Fresh Step’s support of our mission to save shelter pets. Through this donation, we will be able to ensure cats are provided with the quality of life and care they deserve.”

The first two AI-generated looks feature Elijah, a five-year old male cat, and Louie, a nine-year old male. Elijah lives for head scratches and movie nights. He’s styled in a white gown that serves “catitude” with delicate veiling and lace detail that floats gracefully with every step this self-described independent guy takes to the cat bowl. Louie proves the perfect look does exist in a style suited for the catwalk and the red carpet. He’s giving glowy vibes in a ‘look at me’ number with mirrored jewels and metallic fabric. Louie’s glow up is fitting for a cat who loves an effortless day gazing and cuddling.

Fans of fashion and felines can find adoptable cats with new looks dropping on Fresh Step’s Instagram throughout the week, while cat parents who want to style their own cats can “step into fashion” by submitting a photo of their cat with #freshstepfashion – the brand will surprise select participants with AI-generated looks worthy of a red-carpet appearance.

As part of the brand’s ‘Adoption Gala,’ Fresh Step is making a $25,000 contribution to Best Friends Animal Society® and offering its new Fresh Step Outstretch® Long Lasting Clumping Litter for the shelter to new cat parents, while supplies last. Fresh Step Outstretch® is made with microgranule technology that absorbs 50% more and lasts 50% longer.*

As the official cat litter partner of Best Friends Animal Society®, Fresh Step has an on-going commitment to donate 400,000 pounds of litter to Best Friends’ lifesaving centers across the country, as part of its pledge to support the health and safety of felines everywhere.

To learn more about Fresh Step, visit Fresh Step’s website or follow the brand on Instagram, Facebook, or TikTok. To learn more about Best Friends Animal Society, visit BestFriends.org and follow the organization on Twitter or Instagram.

New Clarivate Report Identifies Trends in Gene Therapy Poised to Impact Patients, Payers, Regulators and Developers

May 2, 2023 Published by Roboticulized.com

Clarivate Plc (NYSE: CLVT), a global leader in connecting people and organizations to intelligence they can trust to transform their world, announced the release of its new report, Making gene therapy work for patients, payers, regulators and developers: Five key trends in gene therapy approvals and access. The report explores the challenges and triumphs of gene therapy, with an eye on how developers are addressing risk and the need for multiple modalities and how payers are exploring alternative pay methods.

Nearly 50 years since scientists first proposed the idea of modifying defective genes to treat genetic illnesses, the gene therapy revolution has evolved to include treatments that offer the promise of better health outcomes and/or quality of life for patients with rare diseases. Yet, there is a major gap between the needs of developers and payers faced with absorbing the costs of a wave of medical innovation elsewhere. Similarly, regulators are wrestling with policies and processes that were not designed with these treatments in mind.

The new report explores five key trends in gene therapy approvals, industry challenges and ways biopharmas can begin to address them. Trends covered in the report are:

Longevity of gene expression and immune evasion remain challenging for developers
The duration of therapeutic effects and questions about long-term safety persist as important uncertainties with gene therapies.
As drugmakers target broader populations, patients face barriers to access
For companies marketing gene therapies, pricing strategies will, as ever, need to account for unmet need, availability of alternative therapies and their cost.
Costly therapeutics demand new metrics and payment models
The prospect of paying $2 million or more for a one-time administration of a gene therapy to a patient with a rare disease has created financial challenges for health insurers as the pipeline grows for these potentially life-saving cures. Payers are responding by exploring alternative financing arrangements and controls to manage drug utilization.
The trend toward outcomes-based contracts takes on new urgency
The inordinately high upfront costs of gene therapy have rendered the traditional reimbursement models (e.g., buy-and-bill) unfeasible for many insurers. Payers are exploring alternative payment models, such as outcomes-based contracts between payers and manufacturers, among others.
In the U.S., regulators wrestle with accelerated approvals model
The number of accelerated approvals granted by the U.S. Food and Drug Administration (FDA) has been increasing in recent years, with several parties expressing concerns about safety and efficacy, drug price inflation and drug approvals on weak evidence. Potential legislative actions could impact this pathway further.

Mike Ward, Global Head of Life Sciences and Healthcare Thought Leadership, Clarivate:

“Gene therapy remains a novel and disruptive field which presents significant challenges to traditional models of market approvals and payment. Even as the number of therapies in pipelines and available to patient begins to accelerate, the picture on market access and commercial launch for these products remains uncertain. To be successful, companies developing gene therapies will want to consider the patient journey as well as the market, competitive, regulatory and payer landscapes.”

Read the report, Making gene therapy work for patients, payers, regulators and developers: Five key trends in gene therapy approvals and access, here.

Clarivate draws on deep industry expertise and industry standard data to help life science partners identify market opportunities, anticipate barriers in order to deliver innovative treatments to patients and create a healthier tomorrow. To learn more, please visit www.clarivate.com.

Fosun together with Alipay Release Vouchers Worth RMB1.5 Billion to Help Stimulate Consumption of May 5 Shopping Festival

April 28, 2023 Published by Roboticulized.com

The term “rebound in consumption” went viral on the Internet and in newspapers at the beginning of 2023. According to data, China’s retail sales of consumer goods grew by 5.8% year-on-year in the first quarter of 2023, and consumer spending contributed to 66.6% of China’s economic growth, regaining its position as the major driver of China’s economic growth. The May Day holiday is expected to further boost the consumer market.

Consumption boom boosts the local economies which have further launched various favorable measures to stimulate nationwide consumption. Zhu Min, Director of the Shanghai Municipal Commission of Commerce, recently said that the upcoming 4th “May 5 Shopping Festival” in Shanghai will feature no less than 300 new shopping venues and activities that integrate commerce, tourism, culture, sports and exhibitions to provide consumers with a brand-new consumption experience. The 515 Fosun Family Day, a significant part of the “May 5 Shopping Festival” this year, will be heavily linked with the festival to help continuous release of potential consumption.

The Shanghai Nightlife Festival with the theme of “Shanghai at night, it’s not too late to meet each other”, one of the key activities of the “May 5 Shopping Festival”, will be launched at the Bund Financial Center in Huangpu District on June 3. The Night Market will be held at BFC Weekend Market. Shanghai Watch and other classic brands of Fosun Family will be rolling out during the “May 5 Shopping Festival”. In addition, a series of activities at the Yuyuan Garden will bring the visitors immersive art experiences.

On April 28, Fosun announced that it would collaborate with Alipay, a subsidiary of Ant Group, to fully connect with Alipay’s open digital ecology and carry out digital operations that cover the entire online and offline chain, ranging from digital payment and membership services to applets and live streaming. Fosun will distribute consumption vouchers worth a total of over RMB1.5 billion via Alipay to help boost the spending of the May 5 Shopping Festival through a combination of online and offline scenarios.

Consumption vouchers worth over RMB1.5 billion to boost spending

Being a representative enterprise of the civilian economy rooted in Shanghai, Fosun has always been dedicated to contributing “Fosun Power” to the economic growth of Shanghai. The 515 Fosun Family Day this year, with the theme of “I want my Fosun-style life”, will collaborate with more than 60 famous brands at home and abroad, as well as four core business districts – Yuyuan, Bund Financial Center, Shanghai Vitality City, and Ningbo Fuyue City, to distribute consumption vouchers worth more than RMB1.5 billion for the first time together with the Internet platform Alipay. The vouchers, covering travel, health, dining, fashion, beauty and other living consumption scenarios, will be given out to consumers and bring them benefits in all aspects of life. Digital intelligence will also be used to link online and offline scenarios, better benefiting individuals and businesses and boosting the consumer market.

It is understood that the vouchers will be distributed in four stages. From May 1 to May 14, a limited quantity of high value vouchers will be distributed on time every day; on May 15, searching on Alipay for 515 Fosun Family Day, ten thousand 51.5% off vouchers will be distributed; from May 16 to May 23, featuring hot categories, vouchers for various categories will be distributed every day; from May 24 to June 20, focusing on in-store experience, various benefits ranging from Fosun Family free afternoon tea to Yuyuan parent child camp will be offered.

Non-stop activities to fully release consumption vitality

The 515 Fosun Family Day is the largest annual event for Fosun and its affiliated brands to give back to customers. The event debuted in 2020 and is now in the fifth year. To fully release consumption vitality, a series of activities under 515 Fosun Family Day this year will run from May 1 to June 20, covering more than 240 essential items in the Fosun ecological supply chain, of which roughly 100 items are newly introduced for the occasion. There will be wonderful activities keep going on. It is reported that time-honored and innovative brands of Yuyuan including Laomiao and Yayi will participate in the 515 Family Day activities by launch new products and hot items.

The “Random Happiness Gate” activity, which allows participants to “travel” in a single second to the ideal slow life of Lijiang, see the underwater scenery of Atlantis in Sanya, and discover happiness together with hundreds of millions of families, will be launched at the 515 Fosun Family Day as a festival focused on “family”.

Additionally, 515 Family Day this year and Fosun Foundation in Shanghai will jointly introduce the “Lijiang Simple Holiday Life Festival” live streaming charity event on May 1 and May 2. Live streaming hosts will bring the participants to “a bazaar”. The charity bazaar gathers 90 types of agricultural byproducts with characteristics from 15 counties under the Rural Doctor Program in Yunnan, Sichuan, Guizhou, Hainan, Jiangxi, and other provinces to deeply promote the rural products with characteristics. This event not only connects with charity but also enables participants throughout the nation to take in the relaxing ambiance via live streaming.

“Family is the foundation of all good things and the source of happiness. As a global innovation-driven consumer group, Fosun focuses on the needs of household customers and hopes to take 515 Fosun Family Day as an opportunity to reach out to customers, bringing happiness to hundreds of millions of families.” said Xu Xiaoliang, Co-CEO of Fosun International. Fosun will keep on innovation and creation, fulfill its mission of “creating happier lives for families worldwide” through its high-quality products and caring services.

SOURCE Fosun

Author: Roboticulized.com

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Fosun together with Alipay Release Vouchers Worth RMB1.5 Billion to Help Stimulate Consumption of May 5 Shopping Festival

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