Artificial Intelligence – Page 182

Smart Buildings Market Size to Reach USD 141.71 Billion in 2028 | Rise in Adoption of IoT Enabled Building Management Systems and Increasing Construction and Industrial Activities to Build Smart Infrastructure are Key Factors Driving Industry Revenue, says Emergen Research

December 23, 2021 Published by Roboticulized.com

The global smart buildings market size was USD 66.29 Billion in 2020. Rapid increase in smart city projects in various countries, rising focus on more efficient space utilization, and emerging 5G technology in developing countries are key factors driving market revenue growth.

Drivers: Rising adoption of IoT-enabled BMS

IoT-enabled building management systems and devices facilitates smooth functioning, monitoring, and management of smart buildings. IoT-enabled Building Management System (BMS) installed in smart buildings use sensor generated data, which improves building efficiency and enhances building occupant user experience. Furthermore, IoT-enabled devices consist of a wide range of sensors, actuators, and smart objects, which are used for various purposes such as reducing energy cost and repairing and maintaining building systems.

Restraints: Rising security concerns owing to IoT-enabled devices

Adoption of smart technology and IoT-enabled devices pose security threats to smart buildings. IoT devices and smart technology when connected to building systems are vulnerable to cyberattacks. Deployment may provide opportunity to hackers to access confidential and personal information and could compromise tenant safety and cause serious damage and risks.

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Growth Projections

The global smart buildings market size is expected to reach USD 141.71 Billion in 2028 and register a revenue CAGR of 9.9% over the forecast period, according to the latest report by Emergen. Increasingly stringent industry standards and regulations, growing focus on efficient energy consumption, and rising investment in smart technologies are key factors driving global smart buildings market revenue growth.

COVID-19 Direct Impact

The COVID-19 pandemic had adversely affected countries across the globe. As restrictions and lockdowns were eased, organizations and commercial buildings have reopened, and focus has increased on new services and activities to re-organize workplaces. Currently, organizations are exploring options for enabling smarter workflow, more efficiently managed facilities, and safer and healthier workplace, which is boosting demand for smart buildings solutions.

Current Trends and Innovations

In June 2021, Endeavor Business Media, LLC announced launch of smart building technology that will bring integrated intelligence to new constructions and existing commercial buildings. This technological development will offer support to latest communication systems, intelligent building systems, tenants health and safety, and will reduce energy consumption, among others.

Geographical Outlook

Market in North America accounted for a significantly robust revenue share in 2020 owing to increasing number of smart city projects. Increasing investment in green building technologies in the U.S. is also supporting revenue growth of the market in the region.

Market in Asia Pacific contributed significantly in terms of revenue share to the global smart buildings market in 2020 and is expected to register a rapid growth rate over the forecast period. China’s share is expected to expand at the fastest rate during the forecast period.

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Strategic Initiatives

In May 2021, Siemens AG collaborated with Telefonica Tech to offer intelligent building solutions and services to the Spanish market. This collaboration will enable both companies to provide advanced and improved solutions, including physical security, monitoring, smart lightning, predictive maintenance, and operational efficiency.

Some Key Highlights From the Report

Heating, Ventilation and Air Conditioning (HVAC) segment accounted for moderate revenue share in 2020, which is expected to expand at a steady rate over the forecast period owing to dual benefit of heating and cooling system in one unit. HVAC system helps to clean air and provides warm or cool air depending on climate and changes. It also helps to control and purify polluted air entering a building and improves air quality.
Consulting segment accounted for significantly large revenue share in 2020 and is expected to register a rapid growth rate over the forecast period. Consulting helps to minimize risks, manage liabilities, and helps to improve management of a building.
Residential segment accounted for significantly large revenue share in 2020 and is expected to register a moderate growth rate over the forecast period owing to high demand for advanced technologies such as Business Information Modelling (BIM), Artificial Reality (AR), and Virtual Reality (VR), and building automation.
Some major companies included in the global market report are Cisco Systems, Inc., Honeywell International Inc., Johnson Controls Internationals, Hitachi Ltd., Schneider Electric, ABB Ltd., Legrand, Siemens AG, Robert Bosch GmbH, and Telit.

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Emergen Research has segmented the global smart buildings market on the basis of automation type, service type, building type, and region:

Automation Type Outlook (Revenue, USD Billion; 2018–2028)
- Building Management System (BMS)
- Heating, Ventilation, and Air Conditioning (HVAC)
- Lightning Control System
- Emergency Alarm and Evacuation System
- Audio and Visual Effects
- Video Surveillance System
- Elevators and Escalators Systems
- Fire and Life Safety Alarm
- Energy Management
- Others
Service Type Outlook (Revenue, USD Billion; 2018-2028)
- System Integration and Deployment
- Support and Maintenance
- Consulting
Building Type Outlook (Revenue, USD Billion; 2018–2028)
- Commercial Buildings
- Residential Building
- Governmental and Public Infrastructure Facilities
- Educational Institutions
- Others

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Regional Outlook (Revenue, USD Billion; 2018–2028)
- North America
  - U.S.
  - Canada
  - Mexico
- Europe
  - Germany
  - U.K.
  - France
  - Spain
  - BENELUX
  - Rest of Europe
- Asia Pacific
  - China
  - India
  - Japan
  - South Korea
  - Rest of APAC
- Latin America
  - Brazil
  - Rest of LATAM
- Middle East & Africa
  - Saudi Arabia
  - UAE
  - Israel
  - Rest Of MEA

Explore Related Reports by Emergen Research:

The global construction equipment rental market was valued at USD 97.70 Billion in 2019 and is anticipated to reach USD 135.77 Billion by 2027, at a CAGR of 4.1 % during the forecast period.

The global structured cabling market size reached USD 10.86 Billion in 2020 and is expected to register a CAGR of 4.1% during the forecast period.

The global insulating glass window market size reached USD 12.65 Billion in 2020 and is expected to register a CAGR of 4.5% during the forecast period.

The global long steel market size is expected to reach USD 701.69 Billion in 2028, and register a CAGR of 3.6% during the forecast period.

The global construction market size reached USD 12,639.41 Billion in 2020 and is expected to register a CAGR of 7.4% during the forecast period.

Industrial Water Service Market to Earn Nearly Double Revenue between 2021 and 2031, says TMR Study

December 22, 2021 Published by Roboticulized.com

Transparency Market Research: The industrial water service market is projected to touch US$ 556.6 Bn mark by 2031. The upgrade to smart water network for industrial water services is deemed necessary to improve the efficiency and reliability of the physical water infrastructure. In order to serve this, stakeholders in the industrial water service market are investing in R&D for IoT devices and data analytics tools. The deployment of these tools is anticipated to support improved management of industrial water service infrastructure and reduced water losses.

The sales graph in the industrial water service market is ascending due to operational upgrades to provide customized water solutions. For instance, industrial water service companies align their operations with large volume water required for the drilling of oil and gas.

Service providers in the industrial water service market are playing a key role for sales growth to attain new heights. For instance, to serve the power generation sector, companies in the industrial water service market work closely with service providers and equipment manufacturers to provide complete and integrated solutions.

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Companies in the industrial water service market are consistently expanding their water production capacity and are boosting their wastewater treatment capabilities to serve their industrial customers. Thus, companies are increasing their proficiency in multimedia filtration, ultrafiltration, and reserve osmosis to consolidate their credibility. This allows them to increase the availability of solutions such as in microbiology control, coarse and fine filtration, and condensate treatment.

Apart from this, initiatives to expand the output capacity in clarified water is a focus of companies in the industrial water service market. This is translating into increasing demand for clarified water in heavy industries such as petrochemicals. Besides petrochemicals and power generation, companies in the industrial water service market are tapping into opportunities in the agriculture sector. This will manifest into sales growth in the industrial water service market at an estimated CAGR of 6.9% for the forecast period from 2021 to 2031.

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Industrial water Service Market – Key Findings of Report

Potential of next gen data analytical tools and IoT devices foreseen to support important changes in the operations of water utilities and water companies.
Need for integration of circular practices experienced in the India textile industry to manage toxic wastewater.
Keen players in the industrial water service market are leveraging the need for innovative solutions for water and wastewater treatment in the metal finishing and textile production industry segments. This involves devising solutions for cleaning and surface preparation in the metal finishing sector and pre-treatment solutions for the textile sector.
Players in the industrial water service market need to design systems to adhere to regulations of the U.S EPA to serve the metal finishing industry.
Water supply management service type is anticipated to contribute leading revenue to the industrial water service market in the coming years.

Industrial Water Service Market – Growth Drivers

Need for assistance for the efficient channeling and sustainable use of industrial wastewater fuels the growth of industrial water service market
Integral role of smart water technologies within water services in the development of smart cities for an array of operations underscores growth

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Industrial water Service Market – Key Players

Some of the key players operating in the industrial water service market are

Salher
Veolia Environment
Ecolab
PARKER HANNIFIN CORP
Evoqua Water Technologies LLC
United Utilities Grop PLC
Danaher Corporation
Toshiba Corporation
Dober
American Water
Pentair
Suez Environments S.A.
Xylem Inc.
DuPont

The industrial water service market is segmented as follows;

Industrial Water Service Market by Service Type

Water Resources Management
Water Supply Management
Waste Water Management

Industrial Water Service Market by End User

Pharmaceutical Industry
Power Generation Industry
Pulp and Paper Mills
Microelectronics
Food & Beverage Industry
Oil & Gas
Automotive
Mining & Metals
Others

Industrial Water Service Market by Region

North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East & Africa

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Guidehouse Insights Estimates the Building Energy Management Systems Market Will Exceed $12 Billion in 2030

December 22, 2021 Published by Roboticulized.com

A new report from Guidehouse Insights examines the building energy management systems (BEMSs) global market through 2030, estimates revenue associated with sales of surplus power through the EV fleet charging infrastructure, and discusses market drivers and barriers as the demand for commercial fleet electrification grows.

As many organizations plan to use EVs for their operations, fleet charging will impact the electrical system at fleet facilities. Although some sites will be able to handle the load from EV charging with minimal impacts, the power demands associated with charging EV fleets will likely exceed existing power capacity and management tools at many locations. According to a new report from Guidehouse Insights, the BEMSs market will grow at a compound annual growth rate (CAGR) of 4.1% from $8.8 billion in 2021 to $12.7 billion by 2030.

“The need to add fleet charging infrastructure is anticipated to affect almost 10% of commercial properties,” says William Hughes, principal research analyst with Guidehouse Insights. “Many of these sites need to upgrade their BEMSs, and many more need to install a BEMS solution for the first time to support load management associated with charging EV fleets.”

Although upgrades to BEMSs will be necessary, planning is highly complicated and requires site knowledge of current electrical infrastructure and an analysis of the charging configuration required to meet the operational needs of the EV fleet. It also requires the organization to make fundamental decisions about the expertise it needs and how to pay for the charging infrastructure.

The report, The Impact of EV Fleets on Building Energy Management Systems, examines the global market for BEMSs from 2021-2030, as affected by the growing need for commercial fleet electrification. The report also looks at the revenue associated with sales of surplus power enabled by the presence of EV fleet charging infrastructure. It also reviews major global regions segmented by building type while assessing market drivers and barriers. An executive summary of the report is available for free download on the Guidehouse Insights website.

Brydg passes £1 billion real estate loan landmark and announces ambitious plans to go further

December 22, 2021 Published by Roboticulized.com

Brydg, is a scale-up technology business bringing a fresh look to the way property is financed in the UK. It can announce that after five years of lending it has now provided over £1 billion of secured real estate loans to developers and property owners.

This December alone, Brydg has provided over £55 million worth of secured loans to SMEs and borrowers looking to refinance.

Brydg’s sophisticated financing platform enables it to service the commercial real estate sector and to provide scalable solutions to loan orignators and institutional capital allocators to complete deals more rapidly and efficiently.

Speaking about this impressive performance, Peter Matthews, Director of Brydg said:

“Brydg’s scale is growing bigger and bigger every month as we attract new clients and with access to efficient capital our existing clients grow rapidly too. To hit the landmark of £1 billion within such a short period proves that Brydg has truly transformed and democratised the property market.”

“Our ambitions continue as our unique technology gives us the ability to scale. Our target will now be to double that £1bn within the next two years.”

“Using sophisticated and proprietary Artificial Intelligence coupled with advanced technologies and data science forms the basis of our speedy approach to underwriting secured loans. And our track record clearly demonstrates our reach and service, and we have ambitions well beyond what we have achieved so far. We can see a clear path for Brydg to transform the UK’s real estate market to be more efficient and save costs for all parties in a real estate transaction.”

Nicolas Guilloteau, Partner at Spice Capital, an institutional funder in Brydg commented:

“The marriage of team and tech at Brydg is quite unique for capital allocation at scale. We’re proud to have been working with Brydg for the last 5 years in supporting their growth and are excited for their future!”

SymphonyAI Appoints Senior Executive To CTO Position

December 22, 2021 Published by Roboticulized.com

SymphonyAI, a leader in high-value enterprise AI software solutions for key vertical sectors, announced Vijay Raghavendra has joined the company as CTO. In the new role, Raghavendra will drive innovation of the EurekaAI platform and its vertically focused applications and solutions, accelerating SymphonyAI’s growth as an integrated enterprise AI company operating across critical sectors, including retail, CPG, financial services, manufacturing, and media.

“SymphonyAI unites the power of our technology with business expertise to deliver high-value AI use cases for the enterprise,” said SymphonyAI Founder and Chairman Dr. Romesh Wadhwani. “The combination of our EurekaAI platform, our dedicated focus on delivering vertical AI software solutions and applications that drive value for customers, and our teams’ deep vertical expertise are unmatched and unique. Vijay is a clear-sighted leader, and his focus on building customer-centric solutions aligns with SymphonyAI’s growth strategy.”

As CTO, Raghavendra will lead the ongoing development of the industry-leading, cloud-native EurekaAI platform that enables the rapid development of AI-powered solutions across a wide range of vertical sectors, use cases, and user personas. He will work across SymphonyAI’s vertical businesses to maximize the customer value delivered by their industry-specific AI solutions via the shared EurekaAI enterprise platform.

“SymphonyAI’s success is distinguished by how we enable customers to gain rapid value and make a real-time impact from successful AI deployments,” said Raghavendra. “SymphonyAI doesn’t just talk about AI, we deliver—and our customers’ performance speaks for itself. We start from the day-to-day needs of domain experts in each industry vertical and then work back to how AI can meet those needs. SymphonyAI is remarkable for the teams’ abilities to replicate success across industries.”

The EurekaAI platform architecture provides comprehensive and integrated capabilities for data management, AI model development, AI application development, and UI/UX design. EurekaAI deploys proprietary technology for topological data analysis to enable a wide range of capabilities, including dynamic segmentation to identify anomalies, predict customer behavior, and analyze equipment performance. Use cases for the technology are extensive: banks more effectively uncover money laundering, retailers and CPG manufacturers optimize store and supply chain operations, and manufacturers streamline equipment maintenance and improve safety.

Raghavendra is the former CTO and co-founder of real-time intelligence platform Inkiru, acquired by Walmart in 2013. Raghavendra served as SVP of merchant technology for Walmart and CTO of Acuity Brands. Previously, he held senior technology and product roles at eBay, PayPal, and Zynga.

About SymphonyAI
SymphonyAI is building the leading enterprise AI company for digital transformation across the most important and resilient growth verticals, including life sciences, healthcare, retail, consumer packaged goods, financial services, manufacturing, and media. SAI businesses have many leading enterprises as clients in each of these verticals. SAI is backed by a $1 billion commitment from Dr. Romesh Wadhwani, a successful entrepreneur and philanthropist. Since its founding in 2017, SymphonyAI has grown rapidly to a combined revenue run rate of more than $300 million and over 2,200 talented leaders, data scientists, and other professionals.

Fitness Apps Market to Garner $120.37 Bn, Globally, by 2030 at 24.3% CAGR: Allied Market Research

December 22, 2021 Published by Roboticulized.com

Allied Market Research recently published a report, titled, “Fitness App Market by Device Type (Smartphone, Tablets, and Wearable Devices), Operating System (iOS and Android), and Type (Exercise & Weight Loss, Diet & Nutrition, Activity Tracking, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030″. As per the report, the global fitness apps industry was accounted for $13.78 billion in 2020, and is expected to reach $120.37 billion by 2030, growing at a CAGR of 24.3% from 2021 to 2030.

Drivers, restraints, and opportunities

Rise in emphasis on maintaining a healthy lifestyle, surge in awareness about diet-related diseases, and increase in use of smartphones, wearables, and tablets drive the global fitness apps market. However, technical issues in apps, the high cost of in-app purchases, and concerns regarding data security and strict regulation of data privacy hinder the market growth. On the contrary, technological advancements in AI and machine learning and increase disease prevalence of hypertension, cardiac problems, and obesity are expected to unlock new opportunities for the market players in the future.

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Covid-19 scenario:

The Covid-19 pandemic favored the demand for fitness apps due to increase in implementation of lockdown by the government in the majority of countries and rise in adoption of digital solutions by gyms and studios.
The shift to remote work increased the demand for fitness apps to improve health and immune system to prevent Covid-19 infection.

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The smartphone segment held the lion’s share

By device type, the smartphone segment held the largest share in 2020, accounting for more than half of the global fitness apps market, due to ease-of-use, social influence, goal-setting, self-efficacy, and self-monitoring provided by smartphones. However, the wearable devices segment is expected to register the highest CAGR of 25.5% during the forecast period, owing to trend of wearable technology among the youth.

The Android segment to manifest the highest CAGR through 2030

By operating system, the Android segment would showcase the highest CAGR of 26.1% from 2021 to 2030, due to rapid adoption of android devices among the young generation of developing nations. However, the iOS segment held the largest share in 2020, contributing to more than half of the global fitness apps industry, as it offfers a better premium class plans.

North America held the largest share

By region, the market across North America held the largest share in 2020, accounting for more than one-third of the market, owing to the growth in popularity of fitness apps among the younger population. However, the global fitness apps market across Asia-Pacific is projected to manifest the highest CAGR of 26.3% during the forecast period, due to rise in application of data analytics in fitness such as evaluating and developing fitness or yoga programs, detecting anomalies in scans, and predicting outbreaks.

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Major market players

Aaptiv Inc.
Addias
Applico Inc.
Fitbit LLC.
Azumio, Inc.
MyfitnessPal, Inc.
FitnessKeeper
Noom Inc.
Nike, Inc.
Under Armour, Inc.

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Mobile Application Market Expected to Reach $ 407.31 billion by 2026

Healthcare Analytics Market Expected to Reach $96.90 Billion by 2030

World Intelligent Vehicle Conference 2021 Helps Shape the Future of the Vehicle Industry

December 21, 2021 Published by Roboticulized.com

The World Intelligent Vehicle Conference 2021 was held in Nansha, Guangzhou on December 16-17. Organized by the International Cooperation Center of the National Development and Reform Commission, The People’s Government of Guangzhou Municipality, and Asia Digital Group, and undertaken by Guangzhou Municipal Development and Reform Commission, Nansha District People’s Government of Guangzhou Municipality, and ADG Expo Co., Ltd., the two-day World Intelligent Vehicle Conference 2021 drew over 100 domestic and foreign government representatives, experts and scholars, business leaders, investment representatives, etc. Centering on the theme of “A New Chapter of ICV”, participants delivered speeches at the opening ceremony and main conference, 10 parallel forums, and a range of outfield activities. Participants discussed the latest trends in the global intelligent vehicle field, and the future of the intelligent vehicle industry.

Join hands to create a blueprint for the future

We observe an irresistible trend in the evolution of the automotive sector when intelligent vehicles become the highlight, a hot topic and the focus. When resources are pooled together, accelerated exploration and development become a foregone conclusion. It becomes all the more important to pool wisdom and pick the best course of action.

At the opening ceremony and main conference of the World Intelligent Vehicle Conference 2021, the leaders of the National Development and Reform Commission and The People’s Government of Guangzhou Municipality delivered speeches. Liu Jianxing, deputy director of the International Cooperation Center of the National Development and Reform Commission; Dong Ke, director of Nansha District, Guangzhou; Hugo Shong, Founding Chairman of IDG Capital; Zhu Dongfang, president of Asia Digital Group; Ouyang Minggao, an academician of the Chinese Academy of Sciences, an expert in new energy power system; Shi Dinghuan, a former counselor of the State Council, former Secretary-General of the Ministry of Science and Technology, chairman of The Investment Association of China，IAC, chairman of the World Green Design Organization; Liu Yan, deputy Secretary-General of China Association of Automobile Manufacturers (CAAM); Gu Yu, a professor of the Goethe University Frankfurt in Germany and a foreign member of the Russian Academy of Natural Sciences (RANS); Dong Yang, China EV100 Vice Chairman; Wu Song, executive vice president of GAC Group Co., Ltd.; Wang Xiaogang, president of Mobile Intelligence Group, Co-founder, SenseTime; Han Xu, founder & CEO of WeRide; Huang Hongsheng, founder of Skyworth Group and Chairman of Skywell New Energy Automobile Group; Liu Junfeng, vice president of iFLYTEK Co.Ltd.，general manager of Automotive BU, iFLYTEK，and general manager of Galaxy Autotech. Co.,Ltd; He Kaixin, vice-president & CTO of HYCAN Automotive Technology Co.,Ltd; Li Hengyu, vice president of Pony.ai and Head of Pony.ai’s Robotruck Business Unit; Jim Wunderman, president and CEO of the Bay Area Council; Karl Fuchs, vice president, Innovation & Technology China, Continental, and other important guests shared their opinions and suggestions for development.

Hugo Shong gave a keynote address via video link, stating that the intelligent vehicle industry has the characteristics of high capital and technology added value, strong influence on other areas, etc., and occupies an important strategic position in the global market. As an investor, IDG Capital aspires to foster more innovative unicorn companies. It is hoped that representatives would brainstorm and build consensus, as well as cooperate and work hard in areas such as building an internationally influential auto brand, enhancing chip supply, and application in certain scenarios.

Ouyang Minggao stated his hope in the speech that the concept of intelligent vehicles be extended to intelligent automobiles in a broad sense, promoting the intelligent revolution in an all-round way. Becoming intelligent is the most important means for all-round automotive innovation. The World Intelligent Vehicle Conference is held in Guangzhou, a city in the Greater Bay Area. It is a suitable location. The Greater Bay Area is the most dynamic place for technological innovation, as well as a prominent area for economic development, reform and opening up. It has benefits in terms of competent personnel and industries, especially in sectors related to intelligent vehicles. I believe that the World Intelligent Vehicle Conference held here will help the Greater Bay Area play a major role in promoting the development of intelligent vehicles and the application of artificial intelligence to vehicles.

Gu Yu delivered a speech entitled “The Evolution of Artificial Intelligence Technology: from ‘Perceptual Intelligence’ to ‘Cognitive Intelligence’”. Because smart devices are driven by the human mind, the vehicles are now called man-machine interaction, rather than man-machine fusion. The goal of man-machine fusion is to fully integrate the human and the machine. Perception is a type of perception that people obtain by gathering these things and processing with their brains. The process by which people use, comprehend, and develop knowledge is known as cognition. The two are not the same. The vehicle will be truly intelligent if we get from perceptual intelligence to cognitive intelligence one day.

In the speech entitled “The Selection of “Decarbonization” Track for Auto Enterprises to Achieve Dual Carbon Goals”, Wu Song remarked that the “dual-carbon” goals are promoting the automotive vehicles to become intelligent, connected and electrically powered. As vehicles become electrically powered, the industrial chain is decarbonized, necessitating a greater emphasis on a well-coordinated low-carbon supply chain. New energy vehicles are increasingly being integrated into the green energy ecosystem. GAC Group is forging ahead with the Green Low-carbon for Achieving Sustainable Success (GLASS) plan. The investment focus will shift from transforming traditional vehicles into hybrid vehicles to new energy intelligent connected vehicles.

The intelligent vehicle development and cooperation are discussed from a global perspective. Jim Wunderman gave a speech via video link. He pointed out that the Bay Area is not only one of the fastest-growing regions for new energy vehicle market, but also a region for the robust development of the new energy vehicle industry. The Bay Area is where the future of the intelligent vehicle industry lies.

Cornerstone of the industry

At the opening ceremony and the main conference, heavy-hitter attendees addressed the top-level plans for intelligent vehicles. Guests shared insights and views on different areas from different perspectives at the parallel forums.

At the ten parallel forums, that is, ” R&D and Application of Global Key Technologies of ICV”, “Chinese Vehicles Stand Out the World by Auto Vision China”, “Softwares Boost International Competitiveness”, “Improve IOV with Data Security and Regulations”, “Explore the Development of Independent Brand Vehicles“, “Exploration of Business Application for Autonomous Driving”, “A New Journey of Dual Carbon Goals for Vehicles”, “Cooperative Vehicle Infrastructure Leads the Development of Autonomous Driving”, “Development Opportunity of ICV and Supply Chain in Greater Bay Area”, and “Evolution and Future Trend Market of New Energy Vehicles”, participates shared insightful thoughts about the intelligent vehicle industry, brainstormed solutions, and analyzed critical issues and important trend.

At the conference, we can sense the pulse of global development, and see Guangzhou’s development speed. Guangzhou is working to promote the large-scale development of intelligent vehicles and new energy vehicles. In 2020, Guangzhou ranked first in China in the automotive industry, with a total output value of 586.026 billion yuan. From January to November 2021, its total output value increased by 3.3 percent, to 538.303 billion yuan. Over 120,000 new energy vehicles were registered, an increase of 81.9 percent. Guangzhou boasts 13 national and provincial technology and manufacturing innovation centers in the automotive industry. It ranks top in China in terms of test open section mileage, road test licenses for autonomous driving, 5G base stations, among other things. It is the first Chinese city to recognize intelligent vehicle road test licenses from other regions. Nansha District in Guangzhou is in a league of its own in the automobile sector, with Huangge International Auto Town in the north, the Pearl Bay Intelligent Connected Vehicle Innovation Zone in the central region, and the Wanqingsha Intelligent Connected Vehicle Industrial Park in the south. It has formed a development pattern in which GAC Toyota is the leader, new energy vehicles are the extension, and intelligent networked vehicles are the expanded area. The car production capacity has topped 800,000 units, and the output value has surpassed 100 billion yuan for four straight years. It is stepping up a gear to establish a new 100 billion yuan-level new energy vehicle industrial cluster.

Furthermore, the Industrial Development Closed-door Meeting of the World Intelligent Vehicle Conference 2021 was also held. Experts, scholars, investors, entrepreneurs and others discussed the planning of the intelligent vehicle industry in Guangzhou in the areas such as intelligent vehicle ecosystem industry chain, and intelligent manufacturing, and made suggestions for the future development of Nansha automobile cluster.

A new chapter of ICV

World Intelligent Vehicle Conference is a multi-faceted platform, presenting ideas and wisdom, as well as opportunities.

At the conference site, the exhibits include the latest models, technologies, and products, presenting a wealth of innovative intelligent vehicle products with breakthroughs and high application value, such as electric vehicles, sensors, chips, computing platforms, autonomous driving solutions, V2X communications, and artificial intelligence. The ” Research Report of Intelligent Vehicle Industry 2021″ examines the current state and future trends of the intelligent vehicle industry in five sections: plan for the intelligent vehicle industry, intelligent vehicles application scenarios and business models, global development status of intelligent vehicles, industrial cooperation and investment, and outlook and practice towards 2030. Moreover, the Intelligent Vehicle Industry Awards 2021 was presented in five categories: WIV Intelligent Vehicle Technology Innovation Award, WIV Intelligent Networking Innovation Award, WIV Intelligent Transport Innovation Award, WIV Intelligent Vehicle Brand Innovation Award, and WIV Superior Service of Intelligent Vehicle Industry Award.

As an important outfield activity of the World Intelligent Vehicle Conference for attracting investment to Guangzhou, the Project Matchmaking Business Meeting aims to integrate and utilize project information, build a cooperation platform, increase services, facilitate the communications between governments, enterprises, and investment institutions, promote project cooperation, and attract more high-quality projects to Guangzhou. At the same time, this conference also demonstrates the introduction of competent personnel in the field of intelligent vehicles. Leading brands of intelligent vehicles expressed demand for high-end professional talents in the course of beneficial development.

The World Intelligent Vehicle Conference 2021 has concluded successfully, but it has provided ideas, clarified the development direction of the industry, promoted diverse exchanges, and fostered extensive cooperation, all of which give an impetus to the development of the intelligent vehicle industry.

SOURCE Asia Digital Group

Veriff Releases Metaverse-Focused Identity Verification Solution

December 21, 2021 Published by Roboticulized.com

Veriff, a global identity verification provider has released a new suite of identity verification solutions built specifically for the m etaverse. As the digital world quickly moves toward this new virtual reality, Veriff will be the only identity verification (IDV) solution provider with tools readily available to prioritize the safety of users in this new digital realm.

The metaverse market may reach $783.3 billion in 2024, and the entire metaverse market cap may reach 2.7 times that of just gaming software, services and advertising revenues. This makes the establishment of digital trust and transparency critical for business leaders as well as everyday users.

Through its AI-powered, video-first approach, Veriff is able to prevent more fraud than any other industry player. Secure IDV enables businesses to unlock the full potential of the virtual world and to build trust with their users. Veriff’s solution can discard bots and block sold accounts so that metaverse users can be certain that they are interacting with real people within the digital environment. IDV also sets higher user accountability and helps to prevent online bullying.

Following the age appropriate design code, Veriff’s technology helps to verify the identities of metaverse users while also protecting underage users, especially young children, from inappropriate or age restricted content or from people pretending to be someone else online.

“We see more people enjoying the metaverse, especially youngsters, and therefore establishing stronger digital trust at the very beginning of the journey will be paramount to its overall success,” said Janer Gorohhov, Veriff co-founder and CPO. “As more metaverse-based companies work to self-regulate this new digital space, Veriff has already kicked off first use cases with top metaverse companies to ensure safety on their platforms. It is crucial to invest in additional measures like identity verification including age verification but also parent and guardian verification to make the space more transparent and secure for all users.”

Use cases and benefits of Veriff’s metaverse identity verification solution include:

– Heightened age-gating protection – As developers struggle with implementing proper age-gating solutions in the virtual world, Veriff’s technology will protect users of all ages – especially children – by enabling automated, age-appropriate virtual experiences and preventing bad actors from infiltrating the user’s digital space

– Multi-account prevention – Whether it’s a repeat offender, or a campaign abuser, Veriff can stop account duplicates and only allow honest users within the metaverse to use services

– Safe global user scaling – Metaverse creators can onboard millions of users in seconds from all over the world on the first try with Veriff’s best-in-class user flow combined with its document support of over 10,000 government IDs in 39 languages

Orange Business Services Commended by Frost & Sullivan for Delivering Exceptional Value to Enterprises with Its Advanced Cloud-based CX and IoT Services in Asia-Pacific

December 21, 2021 Published by Roboticulized.com

Based on its recent analysis of the Asia-Pacific telecom services market, Frost & Sullivan recognizes Orange Business Services, a global network-native digital services company, with both the 2021 Asia-Pacific IoT Analytics Services Company of the Year Award and the 2021 Asia-Pacific Telco Cloud Contact Center Services Company of the Year Award. Orange is uniquely positioned to bring together the dual expertise of a global telecom operator and a system integrator, delivering and orchestrating technical expertise in data, network, IoT, customer experience, cloud, and security. Its reliable solutions employ emerging technologies such as AI and analytics to generate tangible benefits for customers all along the digital value chain.

Orange’s IoT portfolio leverages IoT integration to deliver customized solutions that provide quick wins and ROI for customers in the smart transportation sector. Its success in Singapore and Hong Kong indicates significant application opportunities in smart cities, smart buildings, and smart ports. In addition to these solutions, its Connected Sites initiative delivers considerable value by providing an end to end solution offering for digitizing worksites inclusive of sensors, network, data management, analysis, application development and integration.

“By redesigning component-based architecture into a complete service model, Orange gives customers the flexibility to choose particular applications and features so they may solve their business challenges automatically and authentically,” noted Hemangi Patel, Senior Industry Analyst. “It also enables Orange to accelerate the implementation process so it can launch a new site within five to ten business days. This speed of delivery, agility, and flexibility helps it respond rapidly and efficiently to customers’ requirements.”

Orange further supports enterprise clients and their operations with digital and data-driven solutions. It offers an integrated customer experience services portfolio covering flexible cloud-based contact centers, managed contact centers, digital technology, data intelligence, virtual agents, workforce engagement, collaborative workspace, and network connectivity services. In addition, it partners with clients to help them seamlessly engage with their customers across all communication channels and leverage AI to deliver personalized, proactive, and context-aware interactions.

“Ultimately, Orange serves as an advisor to its clients to understand their business requirements, identify technology gaps, and design and implement innovative CX solutions,” noted Sherrel Sonia Roche, Industry Principal, ICT. “By placing client needs at the center of its CX strategy and initiating several co-innovation partnerships to explore and develop use cases, it has emerged a leading provider of telecom cloud contact center services and IoT analytics services in Asia-Pacific.”

Each year, Frost & Sullivan presents a Company of the Year award to the organization that demonstrates excellence in terms of growth strategy and implementation in its field. The award recognizes a high degree of innovation with products and technologies, and the resulting leadership in terms of customer value and market penetration.

Frost & Sullivan Best Practices awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research to identify best practices in the industry.

Google Cloud Partners With Minsait to Boost Digital Sovereignty in Spain

December 21, 2021 Published by Roboticulized.com

Minsait, an Indra company, and Google Cloud, today announced an expanded strategic alliance to jointly offer Spanish public and private sector organizations sovereign cloud solutions that will allow them to accelerate their digital transformation while meeting the highest levels of trust, security, privacy and sovereignty.

Minsait will provide its expertise in external encryption key management, security services, cloud infrastructure management services, and local support, as well as ongoing data center auditing.

Google Cloud will offer the elasticity and agility of a public and hybrid cloud based on open source technology, enabling Spanish organizations to innovate autonomously, without vendor lock-in. Google Cloud will ensure data is encrypted at rest and in transit. It will also make data location available in a new Google Cloud region that is scheduled to open in Madrid in 2022. Additionally, Spain’s public and private sector organizations will be able to reduce their own carbon footprint, benefiting from Google’s efforts and investments in sustainability and carbon-free energy, offering the cleanest cloud in the industry.

Full sovereignty with full functionality

Minsait and Google Cloud will provide the sovereign cloud offering to Spanish organizations across various sectors, including healthcare, automotive, public transport, government and more.

“Thanks to this collaboration with Google Cloud, we can help drive digital transformation for organizations of all sizes and industries. Together we bring competitiveness and innovation to the Spanish market with a sustainable approach, underpinned with a commitment to data sovereignty that is made possible through Minsait’s expertise as a trusted technology leader in Spain,” said Carlos Beldarrain, Head of Data Cloud at Minsait.

“We are proud to partner with Minsait on this joint digital sovereignty offering for public and private sector organizations across Spain. Innovation and accelerated digitization should come with the highest levels of security, privacy and sovereignty, which we look forward to delivering to customers under this agreement” said Isaac Hernández, Country Manager, Google Cloud Spain

The initiative was met with high interest by the Secretary of State for Digitalization and Artificial Intelligence of the Ministry of Economic Affairs and Digital Transformation.

“The development of a digital economy and sovereignty necessarily imply that citizens and organizations have control of their data and benefit from the availability of a sovereign cloud in Europe. This strategic alliance with a Spanish company is a step forward in the right direction” said Carme Artigas, Secretary of State for Digitization and Artificial Intelligence.

Google Cloud and Minsait have a history of collaboration in Spain. As part of their commitment to innovation and digitization of the Spanish economy, the companies announced a global strategic alliance last May to offer products and services aimed at the digital transformation of companies and government institutions. In addition, the AI Lab in Granada, one of the most advanced Artificial Intelligence centers in Europe, was recently launched by Minsait and the University of Granada, with Google Cloud as a technology partner.

Tag: Artificial Intelligence

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Google Cloud Partners With Minsait to Boost Digital Sovereignty in Spain

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