prime-ai-announces-company’s-revolutionary-automated-product-description-technology-for-ecommerce

PRIME AI ANNOUNCES COMPANY’S REVOLUTIONARY AUTOMATED PRODUCT DESCRIPTION TECHNOLOGY FOR ECOMMERCE

 

Prime AI is thrilled to unveil its new ground breaking Automated Product Description technology for eCommerce. With the aid of its proprietary image analysis tools, the cutting-edge solution accurately identifies over 20 critical product attributes, such as category, colour, neck type, sleeve length, and many more. Powered by natural language processing and artificial intelligence, the technology creates distinctive and comprehensive product descriptions in over 50 languages, all within a matter of seconds.

The eCommerce industry is no stranger to the hefty operational costs associated with creating product descriptions manually, particularly in the fashion sector, where translation costs can be particularly high. Prime AI’s revolutionary Automated Product Description technology has effectively eliminated this cumbersome and costly process, bringing a new era of efficiency to eCommerce retailers.

The automated product detail page descriptions solution augments and enhances the work of content writers, not replaces them. Technology has been designed to free content writers to focus on more creative tasks and create more engaging content.

According to a spokesperson from Prime AI, “Our latest release is about more than just streamlining retail operations; it’s about empowering businesses of all sizes to access cutting-edge AI technology. We are proud to offer Automated Product Description technology that’s affordable to every retailer, regardless of their size.”

This product description technology also aims to assist pre-owned clothing marketplaces by easing the process of listing items for sale. As the spokesperson added, “Our technology is designed to make it effortless for people to list their products in any language within seconds. It’s a game-changer for the industry, helping businesses to expand their reach and connect with new markets.”

2023-marketing-excellence-awards-–-call-for-entries:-honoring-the-best-in-b2b-services-and-solutions-marketing

2023 Marketing Excellence Awards – Call for Entries: Honoring the Best in B2B Services and Solutions Marketing

 

Today, Momentum ITSMA, the world-leading B2B growth consultancy and pioneers of Account-Based Marketing, launches the 2023 Marketing Excellence Awards program.

This year, the program honors standout performance in eight strategic and critical aspects of B2B marketing, with a special focus on growth and innovation with high-value services and solutions. In recognition of the increasing prominence of Account-Based Marketing (ABM) throughout the B2B marketing world, this year’s program includes two new ABM categories, along with six other areas of marketing impact.

“In times of economic pressure, senior marketers are really rising to the challenge by adopting strategic approaches to marketing programs, to drive sustained growth,” said Alisha Lyndon, CEO of Momentum ITSMA. “Our research shows there’s a great air of optimism and a notable investment in growth. We’re so impressed with the resilience and strategic thinking marketers have applied to seize the moment and expand their market share. For this year’s awards, we’re excited to expand our number of categories to further reward and showcase the aspirational focus, approach, and talent of marketers achieving growth in volatile times.”

The industry leading awards for growth through excellence are now in the 26th year of recognizing the very best in innovative programs – those that demonstrate deep market insight, creative approaches, and substantial business impact across the most important aspects of strategic B2B marketing. Last year’s winners included: Tata Communications, Salesforce, Persistent Systems, Verizon Business, TCS, ServiceNow, Tech Mahindra, IBM, Ericsson, O2 Business, Avanade, Infosys Cobalt, Kyndryl, Epcon Franchising, and Bombora.

The deadline for submissions is May 5, 2023.

-more-

2023 AWARD CATEGORIES

  • Advancing Thought Leadership – Developing thought leadership initiatives that stand out in the mind of the target audience, strengthen reputation and engagement, and accelerate pipeline and revenue growth.
  • Building Best-in-Class Marketing Organizations – Enabling the marketing organization to orchestrate activities that drive strategic growth, through the optimal use of technology, by focusing on developing skills and forging career paths, and by fostering an agile and collaborative environment.
  • Leveraging Customer Research – Taking an objective, data-led approach, incorporating primary and secondary research, to create and deliver programs that drive customer or revenue growth.
  • Driving Strategic Growth – Collaborating with business leadership to identify, develop, and accelerate new strategies to become a transformational business partner to clients.
  • Embedding an Account-Based Culture – Partnering with business leaders to establish a client-centric approach – including knowledge, leadership, and capabilities – across the organization as a core go-to-market strategy that delivers market-beating growth.
  • Enabling Sales – Ensuring ‘no daylight’ between marketing and sales, with innovative and flexible sales enablement approaches that focus on high-quality content, personalized insights and intelligence, and client-centered programs that drive revenue.
  • Scaling ABM Programs – Tapping into an existing successful ABM approach and deploying it across a broader range of accounts, to co-innovate and create demand across the organization.
  • Strengthening Executive Engagement  Integrating a strategic, multichannel engagement program with content, events, and experiences that broaden and deepen executive-level relationships with priority clients and prospects, and pave the way for growth.

ELIGIBILITY AND AWARDS

The Marketing Excellence Awards program is open to all companies that market and sell technology, telecom, professional services, and/or business services or solutions.

Momentum ITSMA awards two winners in each category:

  • Diamond: Best in class for the industry
  • Gold: Standout results in marketing impact

In addition to the two winners in each category, Momentum ITSMA will award two winners from small and medium-sized businesses. These awards will go to the strongest submissions from two companies with less than $500 million in annual revenue, regardless of category.

Momentum ITSMA will announce the winners at a special awards ceremony on November 14, 2023, during the Annual Marketing Vision Conference, which runs from November 13-15 at the Revere Hotel in Boston, MA.

SUBMISSION GUIDELINES

shanghai-electric’s-ew8.x-230-recognized-one-of-the-top-10-offshore-turbines-of-the-year-2022-by-wind-power-monthly

Shanghai Electric’s EW8.X-230 Recognized One of the Top 10 Offshore Turbines of the Year 2022 by Wind Power Monthly

 

Shanghai Electric has announced that the company’s EW8.X-230 wind turbine generator has been named one of the Top 10 Offshore Turbines of the Year 2022, according to the latest report by Wind Power Monthly, a leading global publication covering the wind industry. The accolade came after Shanghai Electric’s EW8.X-230, the company’s next-gen offshore turbine based on the Poseidon platform, was recognized as one of the most innovative products by China’s Top 50 turbine manufacturers in September 2022.

Developed by Shanghai Electric Wind Power Group Co., Ltd., EW8.5-230 is the company’s latest semi-direct drive wind turbine targeting China’s coastal areas with medium and low wind speeds. The generator is equipped with 100-meter carbon fiber blades and intelligent Sensor Roller technology, and adopts digitized design, production and O&M across its entire lifecycle. The newest LeapX control system reduces the operational load of the generator while establishing an intelligent interconnection with Shanghai Electric’s Fengyun (iWind) system.

Designed to operate with high reliability and stability in low-speed wind conditions, the generator is a highly cost-effective solution for wind energy. With its cutting-edge technology and advanced design, the EW8.X-230 is poised to set a new standard in the offshore wind energy industry, going a long way toward enabling China to meet the targets of carbon peaking and carbon neutrality as it strives to achieve offshore parity.

The generator achieves a greater yield while maintaining exceptional reliability, thanks to its highly integrated new-generation semi-direct drive chain technology. In addition, Shanghai Electric’s years of technological innovation and breakthroughs for the whole unit and core components have allowed the company to provide a solution that significantly reduces kilowatt-hour costs across the whole life cycle of wind farms.

With a rotor diameter reaching 230 meters, EW8.X-230 boasts the largest rotor diameter among the installed turbine models and has a swept area equivalent to the size of 5.8 standard football pitches.  The larger size allows for a significant increase in power output. Based on an average annual wind speed of 7.5 meters per second, the turbine is capable of generating 28 million kWh annually, meeting the annual electricity demand of approximately 14,500 households while reducing coal consumption by nearly 10,000 tons and carbon dioxide emissions by 24,000 tons.

As of now, forty-seven semi-direct drive EW8.5-230 wind turbines have been connected to the grid in the eastern Chinese province of Shandong. Lasting for 121 days, the project set a world record for the shortest construction period of a wind farm above 399.5MW. It has been labeled as the first offshore parity wind power project in the “14th Five-Year Plan” of Shandong and one of the key projects under the supervision of the provincial government. It is also a wind farm featuring commercial turbines with the world’s largest rotor diameter.

icelandic-neobank-indo-selects-lucinity-for-modern-financial-crime-prevention

Icelandic neobank indó selects Lucinity for modern financial crime prevention

 

indó, an Icelandic mobile first advanced neo-bank, has selected Lucinity as its AML compliance software, including its Transaction Monitoring and Case Manager solutions.

Established in 2018, indó is the first neobank to operate in Iceland. It was created to restore faith in the banking system by being open with customers about how their money is used. The company received its Icelandic banking license in February 2022, the first new license issued in more than 30 years, aiming to capitalize on the country’s highly digitalized banking market where 95% of the population uses an electronic ID, banking apps, or digital currencies. It is looking to emulate the success and significant international growth of challenger banks in the UK and Nordics.

The announcement comes during a busy period of expansion in Iceland for Lucinity, which now serves more than a quarter of the Icelandic market after Arion Bank selected Lucinity to provide its AML solutions in November.

Lucinity’s AML platform leverages artificial intelligence (AI) to augment human expertise, allowing compliance teams to make smarter decisions faster and enjoy modernized AML processes. Lucinity’s approach of creating augmented intelligence, combining the best of technology and human insights, has helped various banks and FinTechs increase their compliance productivity by more than 50%.

indó will use Lucinity’s Transaction Monitoring to provide its compliance team with behavior-based risk screening and explainable artificial intelligence. Transaction Monitoring also enables AML teams to receive a manageable caseload and enjoyable user experience. Lucinity’s Case Manager offers indó contextual data visualizations, resulting in data-driven decision-making and boosting efficiency and productivity.

In selecting Lucinity, indó was looking for a compelling AML solution that could integrate seamlessly into its existing technology and scale along with its rapidly growing customer base.

“We are a new contender in the banking space, and we were looking for a modern solution that can support our ambition and standards,” says Haukur Skúlasonindó’s CEO. “Lucinity is not merely a vendor but a partner, capable of matching our tech stack and agile way of working. Lucinity also understands our priorities, including our zero-tolerance policy for money laundering.”

Guðdmundur Kristjánsson, Founder & CEO of Lucinity, says: “We are excited to be partnering with indó to help them realize their mission of restoring trust and regaining transparency in the banking industry in Iceland and beyond.”

baby-diapers-market-to-be-worth-$12115-billion-by-2030:-grand-view-research,-inc.

Baby Diapers Market to be Worth $121.15 Billion by 2030: Grand View Research, Inc.

 

The global baby diapers market size is expected to reach USD 121.15 billion by 2030, registering a CAGR of 4.9% over the forecast period, according to a new report by Grand View Research, Inc. The growing awareness among new and working parents regarding the use of diapers to maintain hygiene and avoid skin rashes is expected to drive the demand for baby diapers made from comfortable and protective materials. A number of consumers are also inclined towards products that have no chemical or synthetic materials. An increase in the number of working mothers has led to a rise in disposable income primarily in the emerging economies of Asia Pacific, Central & South America, and the Middle East & Africa.

Key Industry Insights & Findings from the report:

  • Asia Pacific is estimated to register the fastest CAGR from 2023 to 2030 owing to improving standards of living and increasing awareness regarding child health & hygiene.
  • Moreover, constant technological advancements in this region are likely to propel regional expansion.
  • The non-disposable product segment is projected to register the fastest CAGR during the forecast period due to the growing environmental concerns.
  • The offline distribution channel segment is expected to register a significant CAGR during the forecast period.
  • Instant availability and physical verification of products are the two major factors propelling the segment’s growth. Services, such as consumer assistance and guidance, also encourage consumers to buy products from offline stores.
  • Conventional baby diapers are expected to maintain dominance over the forecast period due to increased demand for baby diapers from the growing parent population across the globe.

Read full market research report for more latest industry Insights, “Baby Diapers Market Size, Share & Trends Analysis Report By Product (Disposable, Non-disposable), By Type (Organic, Conventional), By Distribution Channel (Offline, Online), By Region, And Segment Forecasts, 2023 – 2030“, published by Grand View Research.

Baby Diapers Market Growth & Trends

Thus, the growing participation of women in the workforce has been widening the growth opportunity for the industry. The disposable diapers product segment held the largest share in 2022 and is expected to maintain its dominance over the forecast period. The demand for disposable diapers is particularly high among working parents as these products help save a lot of time and effort. The offline distribution channel segment accounted for the majority of the industry share in 2022 and will expand further at a steady CAGR from 2023 to 2030. Offline stores, such as hypermarkets, supermarkets, convenience stores, and pharmacy stores, are among the major product distributors.

These stores make a significant contribution to the overall sales in this industry. Some of these stores, such as Walmart, offer delivery services to expand their consumer bases. The organic baby diaper product segment is estimated to register the fastest growth rate during the forecast period. The growing demand for paraben-free, chemical-free baby diapers that are made from natural or ethically sourced materials is anticipated to fuel the growth of this segment. Furthermore, the increased focus of key manufacturers in the development of organic products will increase the penetration of organic products. The industry is consolidated with the presence of a large number of international players and a few regional players.

Baby Diapers Market Segmentation

Grand View Research has segmented the global baby diapers market on the basis of product, distribution channel, type, and region

Baby Diapers Market – Product Outlook (Revenue, USD Million, 2017 – 2030)

  • Non-Disposable Diapers
  • Disposable Diapers

Baby Diapers Market – Distribution Channel Outlook (Revenue, USD Million, 2017 – 2030)

  • Offline
  • Online

Baby Diapers Market – Type Outlook (Revenue, USD Million, 2017 – 2030)

  • Conventional
  • Organic

Baby Diapers Market – Regional Outlook (Revenue, USD Million, 2017 – 2030)

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

List of Key Players of Baby Diapers Market

  • The Procter & Gamble (P&G)
  • Kimberly Clark Worldwide
  • Hengan International Group Company Ltd.
  • Unicharm Corporation
  • Johnson & Johnson Consumer, Inc.
  • First Quality Enterprises
  • Ontex Group
  • The Hain Celestial Group, Inc.
  • The Honest Company, Inc.
  • Essity AB

Check out more related studies published by Grand View Research:

  • Diaper Rash Cream Market – The global diaper rash cream market size is expected to reach USD 2.2 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 6.6% over the forecast period. Increasing focus on health and hygiene of infants is expected to be a key factor boosting the industry growth. Moreover, increasing prevalence of skin related problems in infants and toddlers is expected to promote the industry growth.
  • Baby Toiletries Market – The global baby toiletries market size is expected to reach USD 9.02 billion by 2027, expanding at a CAGR of 6.8% over the forecast period, according to a new report by Grand View Research, Inc. Increasing participation of the women in the globe workforce is one of the key factors driving the market. Working women have become extremely conscious while selecting products for their babies and are among the prominent buyers of baby toiletries. Moreover, increasing job opportunities have enabled women to purchase popular baby care product brands of trustworthy quality irrespective of their price.
  • Baby Powder Market – The global baby powder market size is expected to reach USD 1.69 billion by 2028, registering a CAGR of 5.6% over the forecast period, according to a new report by Grand View Research, Inc. Asian countries are witnessing stable demand for baby care products. Countries, such as IndiaCambodia, and Malaysia have high birth rates. Also, a rise in the number of pregnancies during the lockdown has increased the demand for baby care products in the region.

Browse through Grand View Research’s  Beauty & Personal Care Industry Research Reports.

adas-market-worth-$65.1-billion-by-2030-–-exclusive-report-by-marketsandmarkets

ADAS Market worth $65.1 billion by 2030 – Exclusive Report by MarketsandMarkets™

 

ADAS Market is projected to grow from USD 30.9 billion in 2022 to USD 65.1 billion by 2030, registering a CAGR of 9.7%., according to a new report by MarketsandMarkets™The demand for Advanced Driver Assistance Systems (ADAS) is increasing quickly due to the rise in traffic accidents on a global scale. To make driving safer and cut down on accidents, automakers are heavily investing in the development of these technologies. Customers are increasingly choosing vehicles with ADAS capabilities as they become more aware of the safety advantages of these systems. The need for ADAS is being further increased by governments drafting legislation to make such systems required in vehicles.

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Browse in-depth TOC on “ADAS Market”

456 – Tables
95 – Figures
492 – Pages

ADAS Market Scope:

Report Coverage

Details

Market Size

USD 65.1 billion in 2030

Growth Rate

9.7% of CAGR

Largest Market

Asia Pacific

Market Dynamics

Drivers, Restraints, Opportunities & Challenges

Forecast Period

2022-2030

Forecast Units

Value (USD Billion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

System, Component, Offering, Electric Vehicle, Level of Autonomy, Vehicle Type, Vehicle Class, Sales Channel, and Region

Geographies Covered

North America, Europe, Asia Pacific, Rest of the World

Report Highlights

Updated financial information/Company Evaluation Quadrant

Key Market Opportunities

Increasing demand of autonomous vehicles

Key Market Drivers

ADAS to increase vehicle safety

BEV segment to be the largest market by value during forecast period

BEVs have an increasing demand due to concerns about emission reductions worldwide. Due to the low availability of charging stations and the high cost of EV batteries, BEVs had a low demand. However, the demand for BEVs has increased significantly due to the decreasing cost of EV batteries at a fast and steady rate coupled with increasing EV range and a growing EV charging network worldwide. BEVs contributed to a considerable part of top-selling EVs in the market in 2022. BEVs are available in multiple segments, including sedans, SUVs, and hatchbacks. Many OEMs are launching electric vehicles to cater to the market demand. Tesla, Volkswagen AG (Germany), SAIC Motors (China), BYD, and Stellantis (Netherlands) are the pure electric vehicle companies topping sales. In contrast, OEMs such as Nissan, Toyota, and GM offer tough competition to electric vehicle manufacturers. Tesla is a bestseller in North America and Europe, whereas Wuling HongGuang Mini EV is a low-cost EV popular in China. BEV models such as Tesla Model X offer autopilot ADAS features, including adaptive cruise control, auto park, and lane departure warning systems. OEMs such as Nissan, BMW, Mercedes Benz, Ford, GM, and others provide ADAS features across their premium models. For instance, Nissan offers pro-pilot features to its Nissan Leaf and Nissan Altima electric cars. The pro-pilot ADAS features include ACC, IPA, and LDW. Similarly, Mercedes Benz provides a drive-pilot for its S Class model, which comes with autonomous emergency braking, blind spot detection, lane change warning, evasive steering assist, traffic jam assist, speed limit assist, and remote parking assist. Mercedes is one of the best providers of level 3 automation in passenger cars.

Software to be the fastest growing segment during the forecast period

Increasing demand for accurate and faster object recognition will be a major growth driver for the software segment of the ADAS market. Modern vehicles are equipped with high-resolution cameras and long-range radar sensors for driver assistance. Hence, developments in image recognition technology will play a critical role in deploying these sensors in upcoming vehicles. Newer features such as pedestrian recognition, cyclist recognition, vehicle detection, driver monitoring systems, and traffic sign recognition are being tested, and plans to roll them out in more vehicles for improved occupant safety are underway. More sophisticated ADAS features would demand faster and more accurate software algorithms/platforms for detecting objects with low latency. BlackBerry (Canada) has developed QNX as a modular, flexible, and hardware-optimized software platform for ADAS applications. ADAS software consists of algorithms that perform pre-decided functions based on the input data from cameras, radar, LiDAR, and ultrasonic sensors. The input data is processed by the ECUs and activates the physical vehicle components such as steering, brakes, throttle, and others to evade accidents. The entire process is controlled and monitored by the software platform, from analyzing the input data to the decision-making. Automakers are turning toward deep learning as they look for innovative ways to enable smart camera applications and automated driving systems for next-generation vehicles. In December 2020, Renesas Electronics (Japan) developed an R-car software development kit. This complete software platform enables quick and easy software development and offers validation for smart cameras and automated driving applications used in commercial, passenger, and off-road vehicles. It manages the software complexity and supporting features ranging from entry safety compliance to advanced highway pilot.

Europe is leading the ADAS market as of 2022″

Automotive is one of the key industries in Europe. In June 2022, the region had 301 automobile assembly and production plants, of which 134 produce passenger cars, 41 produce vans, 52 build trucks, 66 produce buses, 72 make engines, and 18 make batteries. According to the European Automobile Manufacturers Association (ACEA), Europe accounted for around 22% of global vehicle production in 2022. The European automotive market registered steady growth in the last six years despite the recent global automotive slowdown. Leading European automotive manufacturers to offer high-performance engines and advanced safety features to stay competitive. Passenger car sales of major automakers such as the Volkswagen Group, Mercedes BenzRenault, Hyundai, BMW, Toyota, and Stellantis led to the demand for ADAS-enabled vehicles in the region.

According to experts, stringent emission regulations and zero emission targets in Europe would majorly affect both passenger car and commercial vehicle manufacturers during the forecast period. The growth of the European ADAS market can be attributed to technological advancements in driver assistance features such as traffic jam assist and blind-spot detection with rear cross-traffic and mandates that have been set up since July 2022 or features such as DMS, AEB and LCW in passenger cars. The growing shift to EVs and the growing demand for road safety will increase ADAS demand in the region.

However, the region will be affected by the upcoming recession, which will impact the automotive market. Factors such as the ongoing energy crisis and the increasing cost of living in this region, with minimal salary growth to match the price inflation, will lead to reduced automotive demand. Countries such as GermanyNetherlandsFrance, and the UK have already been severely impacted due to these factors.

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ADAS Market Dynamics:

Drivers:

  1. Increased safety of vehicles.
  2. Comfort features associated with ADAS.
  3. Increasing interest of customers in luxury vehicles.
  4. Integration of radar and cameras in modern cars.

Restraints:

  1. ADAS infrastructure at developing stage.
  2. Consumer acceptance of autonomous cars.

Opportunities:

  1. Increasing demand for autonomous vehicles.
  2. Emergence of 5G technology for vehicles.
  3. Increasing adoption of IoT and GPS in ADAS.
  4. Increasing adoption of electric vehicles.
  5. New trends in shared automotive mobility.

Challenges:

  1. Hight cost of integration.
  2. Environmental constraints and security threats.
  3. Maintaining balance between cost and quality.
  4. Lag in real-time image processing in multi-camera systems.


Key Market Players:

The ADAS market is dominated by established players such as Robert Bosch (Germany), Denso (Japan), Continental AG (Germany), Magna International (US), and ZF Friedrichshafen (Germany), among others. These companies provide ADAS components to global OEMs. These companies have set up R&D infrastructure and offer best-in-class products to their customers.

Recent Developments:

  • In January 2023, ZF Friedrichshafen AG launched Smart Camera 4.8. It enables autonomous cars to have a wider field of view, enabling the vehicle to identify pedestrians, cyclists, and other vehicles.
  • In December 2022, Robert Bosch GmbH launched the 6G-ICAS4 mobility project to integrate communication and radar systems into a single 6G system.
  • In September 2022, ZF has presented its advanced new electric power steering (EPS) system for trucks, coaches, and city buses. The EPS was prepared for steer-by-wire and up to level 5 autonomous driving. eWorX, ZF’s electrified commercial vehicle power take-off (PTO) system for driving on-board work equipment, has also been presented, offering emission-free city and urban operation.
  • In November 2021, Robert Bosch GmbH developed a Ridecare solution for vehicles to ensure a safe and pleasant driving experience. This solution will sense the smell of smoke, vehicle scratch, and dents.
  • In July 2021, According to Magna International, the deployment of its Icon Radar in the Fisker Ocean early in 2022 introduced a digital radar for driver assistance. The radar improves an automobile’s ability to visualize its surroundings and identify possible threats, such as a car stuck in a dark tunnel or a pedestrian up to 150 meters distant. Higher levels of autonomy, according to Magna, would arise from digital radar. It can detect open passageways and low-lying items on congested, multi-lane roadways in addition to vehicles and pedestrians.
  • In January 2021, Magna partnered with Fisker to develop an ADAS, which will be applied to the Fisker Ocean SUV, expected to be launched by 2023. This new business win demonstrates Magna’s ability to bring scale and efficiency to the mobility landscape and represents an important expansion of the EV platform sharing, vehicle engineering, and manufacturing cooperation between the two companies.
  • In January 2021, Aptiv PLC launched its next-generation ADAS platform. It formalizes the interfaces for sensors and feature functions. The platform enables extensive reuse of base software components, lowering development costs. It works flawlessly with a zonal architecture in which I/O and compute are separated.

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Browse Adjacent Market: Automotive and Transportation Market Research Reports & Consulting

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Semi-Autonomous & Autonomous Bus Market – Global Forecasts to 2030

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HD Map for Autonomous Vehicles Market – Global Forecasts to 2030

Connected Car Market – Global Forecasts to 2026

sftimo-exchange-sets-up-branch-in-singapore-to-continue-global-expansion

Sftimo Exchange Sets up Branch in Singapore to Continue Global Expansion

 

Sftimo, one of the world-famous cryptocurrency exchanges, has recently obtained formal regulatory approval from the Singapore government after completing the compliance procedures and has set up a branch in Singapore, which will offer more convenient services to local users. The branch marks another inroad into the global market and another step forward in the development of Sftimo’s global expansion.

Ka Ho Tan, Head of the Marketing Department in Singapore, says, “There is a consensus among the global economies that the rise of digital assets brings inspiration to the national economic system. Moreover, blockchain technology has limitless potential to be widely applied in various sectors and industries. I hope Sftimo can open a new chapter in Singapore and create more value.”

Jackson Singh, an economist, points out, “The establishment of Sftimo’s branch in Singapore is beneficial to local users, which not only provides suitable products and services for Singapore users but also strengthens cooperation with the government and global partners to bring more employment opportunities to Singapore. Besides, local industries can make headway by learning blockchain-based digital intelligence solutions. The only problem, however, is that Singapore is in short supply of local talents.”

Sftimo has diversified trading services, a comprehensive market information system and other important content. Sftimo provides global users with currency trading, OTC trading area and other mainstream currency services; DeFi-based derivatives trading and DeFi services such as liquid staking, aggregator, NFT, etc. With the establishment of this branch, Sftimo’s service scope will cover all populations in Singapore.

Headquartered in San Francisco, the US, Sftimo boasts a broad global layout. Sftimo has set up branches in North AmericaEuropeRussiaJapan and other places, and has obtained MSB licenses in the US and Canada. Sftimo now renders blockchain asset trading and blockchain derivatives services to more than 80 countries and regions, and also plans to set up 5 core application centers and branches in more than 60 countries around the world.

Kevin Chua, Head of Foreign Affairs of Sftimo, says, “After field investigation and evaluation by professional institutions, the e-commerce market in Singapore will usher in rapid development. In Singapore, Sftimo can provide one-stop digital asset services for growing enterprises, individuals and institutions, build more diversified and personalized consumption scenarios for customers, and render professional and stable legal currency trading services.”

Sftimo not only meets the investment needs of connecting traditional assets and virtual assets, but also emphasizes the fulfillment of social ethics and responsibilities. Sftimo treats local employees fairly and equitably, respects local culture, pays attention to the physical and mental health of employees, arranges regular inspections, establishes a sound salary and welfare system, and encourages employees to pursue their dreams.

Sftimo aspires to be a popular exchange in Singapore and strives to establish itself as a world-class trading platform while not forgetting to provide quality services for users around the world.

delta-electronics-recognized-as-top-100-global-innovator-2023-by-clarivate

Delta Electronics Recognized as Top 100 Global Innovator 2023 by Clarivate

 

Delta, a global leading provider of power and thermal management solutions, today announced its has been honored for the second consecutive year as one of the Top 100 Global Innovators™ (2023) by Clarivate for its superior innovation and patent intellectual property portfolio. As of the end of 2022, the total number of patents approved for Delta exceeded 15,000 mainly in the United States, mainland ChinaTaiwanEurope, of which 1,070 patents where approved in 2022 alone.

Gordon Samson, Chief Product Officer, Clarivate, said, “We congratulate Delta Electronics for being named a Top 100 Global Innovators for two years in a row. Delta Electronics shows consistent, above-the-bar innovation performance, especially the success of its patent applications as intellectual assets in the market. Together with all Top 100 Global Innovators, Delta fully appreciates that innovative ideas and solutions to current challenges not only bring rewards to its business but foster genuine improvements in society.”

Ping Cheng, Delta’s Chief Executive Officer, said, “We are quite pleased to receive such a prominent recognition for Delta’s R&D endeavors for two years in a row. As a word-class corporate citizen committed to energy conservation and sustainable development, Delta leverages its focus on R&D-based innovation and its prowess in power electronics, infrastructure, and automation to provide innovative, clean and energy-efficient solutions. In regards to our patent portfolio, Delta has deeply cultivated patent assets in its worldwide R&D centers, manufacturing sites, and major markets to optimize its competitiveness. Looking at the growth trends in India and Southeast Asia, Delta will continue accelerating its related portfolio there going forward.”

Delta’s innovative thinking has been deeply rooted in its corporate culture. The Delta Innovation Award has been established since 2008, and the awards for ” Intellectual Property” include the “Outstanding Contribution”, ” Elite Inventor” and ” Quality IP Portfolio” to commend individuals or teams for their innovation to construct a patent layout with commercial value. Delta commonly invests over 8% of its annual revenues into R&D and currently nurtures more than 10,000 R&D engineers and 73 R&D centers around the world to foster innovation. In addition, Delta established the Delta Research Center (DRC) in 2013 to respond to groundbreaking technological trends and to enhance its research and development capacity, which focus on smart manufacturing, artificial intelligence, ICT, and life sciences. DRC takes an open collaboration approach to actively collaborate with ecosystem partners from various industrial sectors, government agencies, academia, and research institutions for mutual success.

The Top 100 Global Innovators uses a complete comparative analysis of global invention data to assess the strength of every patented idea, using measures tied directly to their innovative power. For full information on the methodology used to identify the 2023 list, see here.

tceb-unveils-five-year-plan-to-propel-thailand-to-global-mice-prominence

TCEB Unveils Five-year Plan to Propel Thailand to Global MICE Prominence

 

Thailand Convention and Exhibition Bureau (TCEB) has unveiled a five-year action plan (2023–2027) aimed at revitalising the economy and promoting Thailand as a premier destination for international MICE. It will leverage innovation and sustainability as travel normalises and international MICE continues on a path of rapid recovery. The plan will be supported by the “TCEB Go” strategy and Thailand MICE to Meet You Year 2023 campaign. 

TCEB President, Mr. Chiruit Isarangkun Na Ayuthaya, said: “The lifting of domestic and international travel restrictions worldwide is accelerating the recovery of MICE. At this critical juncture, TCEB is embarking on a five-year action plan (2023–2027) to advance Thailand’s MICE industry. First, we will have our “TCEB Go” strategy, which will enable TCEB to partner with local and international organisations and further enhance Thailand position as a leading MICE destination in the world. Our immediate focus will be on innovative approaches and the development of sustainability solutions for the industry. The five-year plan will also be expressed through our new campaign called Thailand MICE to Meet You Year 2023, which aims to inspire the organisation of more MICE events throughout Thailand and generate revenue for more local economies.”

The TCEB Go strategy is made up of five themes:

T: Thailand as Global MICE Leader

TCEB will position Thailand as a premier destination for world-class MICE events to generate income, boost the country’s economy, facilitate industry collaboration, and create new business opportunities. It will do this by attracting high-profile international events to Thailand, such as the International Horticultural Expo 2026 in Udon Thani, and collaborating with government agencies to bid for events under the One Ministry, One Convention framework. For instance, TCEB is working with the Ministry of Finance to bid for the Annual Meetings of the International Monetary Fund and the World Bank Group 2026. TCEB is currently spearheading the bids for two mega events – the International Horticultural Exposition 2029 in Nakhon Ratchasima and Expo 2028 Phuket Thailand. An international campaign to garner support for the latter is underway. To bolster Thailand’s position as a global MICE leader, TCEB will initiate marketing activities in new regions and markets such as Israel, the UAE, and Kazakhstan, while still maintaining its focus on core Asia-Pacific markets such as the CLMV countries, IndiaMalaysiaIndonesia, Korea, Japan, and China, followed by North America and Europe.

C: Create Destination Competitiveness Through Diverse Local Identities

TCEB is seeking new opportunities to deepen collaboration with local communities and networks to improve their capabilities in MICE. It will promote a city or province’s unique cultural identity and highly localised experiences for MICE groups by developing a series of 7 Magnificent MICE Routes and adapting local products and services as souvenirs, snacks, or gifts under the Product MICE Premium. These initiatives are augmented by TCEB’s efforts in identifying the unique characteristics of a city and translating them into compelling selling points for MICE planners. Other TCEB initiatives to create destination competitiveness include upgrading local festivals – such as the Phuket Vegetarian Festival and the Khon Kaen International Silk Festival – to national and international prominence. The development of new MICE destinations throughout Thailand is part of TCEB’s efforts to sharpen Thailand competitive edge through product diversity and excellence.

E: Execute Innovative MICE Solutions

TCEB is dedicated to enhancing the competitiveness of Thailand’s MICE industry by fostering digital skills and innovation in MICE services. To this end, TCEB will continue investing in its MICE Intelligence Center as a resource for MICE entrepreneurs and stakeholders, and the Thailand MICE One Stop Service as a digital platform to facilitate MICE logistics. Furthermore, TCEB will extend the MICE Winnovation project for the third consecutive year to incubate innovative solutions that can solve immediate industry challenges and help organisers achieve new efficiencies in managing MICE events.

B: Build Agile and High-Performance Organization

TCEB has set its sights on transforming itself into an agile and high-performing organisation through the implementation of the AAA strategy – alignment of work processes, agile work practices, and agenda-based project orientation. TCEB will prioritise professional and personal development among its staff as well as instill an ethic-based corporate culture. The goal is a balance of productivity and personal well-being.

Go: Go for MICE Sustainability

TCEB is committed to transforming Thailand’s MICE industry through sustainability and environmental responsibility. In this regard, it will support destinations in their efforts to obtain international sustainability certification from the Global Destination Sustainability Index and support MICE organisers to obtain the ISO 20121 certification. Additionally, TCEB is working to advance sustainable event management practices, help organisers achieve a more efficient carbon footprint, enhance support for carbon-neutral events, and get more than 450 MICE organisers and entrepreneurs across the country certified under the Thailand Sustainable Event Management Standard (TSEMS). As a certifying body in five segments of the meetings and exhibitions industry – incentive travel organisation, meeting organisation, exhibition organisation, event organisation, and venue management – TCEB is expected to evaluate and certify no less than 500 MICE professionals over the next five years. This steady injection of qualified personnel will ensure Thailand’s MICE industry remain on a sustainable growth path.

Mr. Chiruit said: “TCEB will continue strengthening Thailand’s position as a hub for global meetings and exhibitions by bidding for high-potential international events during its fiscal year 2023 (October 2022–September 2023). Thailand has already been chosen as host for several major events this year, such as the World Congress of Nephrology (30 March-2 April), the 29th International Montessori Congress (2-5 August), the AFECA Annual General Meeting 2023 in October, the 62nd ICCA Congress 2023 (12-15 November), and the World Allergy Congress (WAC) 2023 (1-3 December). At the same time, exhibitions that serve the 12 targeted S-curve industries – those that will drive Thailand’s economic transformation – will continue to receive TCEB support. They include VIV Asia 2023 and Meat Pro Asia 2023 (8-10 March), both of which are aligned to the food production and processing industries, and ASEAN Sustainable Energy Week (ASEW) 2023 (30 August1 September), which relates to the next-gen automotive industry. Other than meetings and exhibitions, incentive travel will also be a key economic contributor. Thailand is expecting more than 80,000 incentive travellers – 50,000 from Asia-Pacific countries and 30,000 from China – from March to November.”

Apart from the TCEB Go strategy, TCEB has also been actively promoting the Thailand MICE to Meet You Year 2023 campaign to stimulate the economy through MICE events like conferences, training programs, professional meetings, exhibitions, corporate events, and festivals. The campaign will help generate revenue and create job opportunities in different regions across the country.

On 26 April, TCEB will be celebrating National MICE Day to highlight the MICE industry’s contribution to the nation’s development through the years. This event will also bring together experts in technology and sustainability to share insights and experiences that the MICE industry can benefit from. More than 400 MICE professionals are expected.

In the first quarter of the fiscal year 2023 (October to December 2022), Thailand welcomed 7.93 million MICE travellers, resulting in 28.53 billion baht in revenue. Of that figure, 183,618 were international MICE travellers, bringing in 12.03 billion baht in revenue, while domestic travellers numbered 7.75 million, generating 16.50 billion baht in revenue.

Of all international MICE travellers, 97,015 attended exhibitions and generated the highest revenue of 6.88 billion baht, followed by corporate meeting sector which brought in 55,687 travellers, generating 3.24 billion baht in revenue. International conventions attracted 17,653 travellers, generating 1.06 billion baht in revenue. The incentive sector brought in 13,263 travellers and a revenue of 851 million baht.

Likewise, exhibition was the sector bringing in the highest number of domestic MICE travellers, 7.31 million, and generating 14.82 billion baht in revenue. This was followed by convention which attracted 304,826 domestic travellers and generated 1.11 billion baht in revenue. The corporate meeting sector welcomed 129,054 domestic travellers and generating 537 million baht in revenue, while the domestic incentive sector generated 39 million baht with a total of 8,076 travellers.

“For fiscal year 2023, Thailand targets to welcome a total of 18.55 million MICE travellers, generating 109.00 billion baht in revenue for the country. This includes 760,000 international MICE travellers with a contribution of 50 billion baht, and 17.79 million domestic MICE travellers with a contribution of 59.00 billion bahtAs for the 5-year action plan under the TCEB Go strategy, during the fiscal year 2023-2027, it is estimated that over 160 million MICE travellers will visit Thailand, generating a total revenue of over 945.00 billion baht,” said Mr. Chiruit.

sustainable-pharmaceutical-packaging-market-worth-$146.3-billion-by-2027-–-exclusive-report-by-marketsandmarkets

Sustainable Pharmaceutical Packaging Market worth $146.3 billion by 2027 – Exclusive Report by MarketsandMarkets™

 

The report Sustainable Pharmaceutical Packaging Market by Raw Material (Plastics, Paper & paperboard, Glass, Metal), Product Type, Process (Recyclable, Reusable, and Biodegradable), Packaging Type(Primary Packaging), and Region – Global Forecast to 2027″, size is projected to grow from USD 71.6  billion in 2022 to USD 146.3 billion by 2027, at a CAGR of 15.4%.

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The sustainable pharmaceutical packaging market is segmented based on packaging type, product type, process, raw material, and region. The sustainable pharmaceutical packaging market, based on region, is segmented into North AmericaEuropeAsia PacificMiddle East & Africa, and South America. The sustainable pharmaceutical packaging industry has been growing due to stringent laws and regulations levied by governments and governing bodies, as well as a shift in consumer preferences towards recyclable and eco-friendly packaging materials. Downsizing of packaging and breakthrough in new technologies are driving the sustainable pharmaceutical packaging market globally. However, the high cost of recycling and the poor infrastructure available for recycling processes are likely to hamper the growth of this market.

Based on raw material, metal is projected to register the third largest market share during the forecast period.

The metal packaging market has been advancing recently, and an increasingly diverse range of metal packaging materials is being applied. Metal is the most versatile of all packaging forms. It offers a combination of excellent physical protection and barrier properties, formability and decorative potential, recyclability, and consumer acceptance. Raw materials used in metals, such as steel and aluminum, with their recyclable properties, are a grade above other packaging materials, such as a polymer. Both aluminum and steel are non-toxic materials.

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Based on process, reusable is projected to register the third highest CAGR during the forecast period.

Reusable packaging can be defined as a particular type of packaging that can be used multiple times without impairing its protective function. Such packaging is more expensive than single-use packaging, as it has more strength and durability. However, as it can be reused, it need not be dumped after use, thus reducing waste. Also, because it is more robust than ordinary packaging, it offers better protection for the product. Some advantages and drivers of reusable packaging include lesser overall packaging costs, reduced product damage of expensive products, and cheaper labor costs. The reusable packaging does not require to be dumped in landfills and prevention of waste from entering the solid waste stream.

Based on packaging type, primary packaging is projected to register the highest CAGR during the forecast period.

Primary packaging in sustainable pharmaceutical packaging industry refers to the first layer of packaging that comes into direct contact with the drug product. The main goal is to provide protection and preservation of the product. Sustainable primary packaging materials aim to minimize environmental impact, reduce waste and conserve resources by using eco-friendly and biodegradable materials like paper, cellulose, or bioplastics. Additionally, pharmaceutical companies are adopting innovative packaging designs, such as lighter weight packaging and reducing the use of materials, to reduce waste and minimize their carbon footprint. The use of reusable and refillable packaging is also being explored as a way to reduce waste. Overall, sustainable primary packaging is a key aspect in the push towards a more environmentally responsible pharmaceutical industry.

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Based on region, South America is projected to register the second highest CAGR during the forecast period.

South America is a region that is increasingly focused on sustainability and the pharmaceutical industry is no exception. Pharmaceutical companies in South America are exploring innovative ways to reduce their environmental footprint and improve sustainability in their packaging. In recent years, there has been a growing interest in eco-friendly packaging options such as biodegradable plastics, recyclable plastics, paper-based packaging, and reusable containers. Additionally, the regulatory landscape in South America is becoming more stringent with regards to environmental protection and sustainability. Governments are imposing stricter regulations on packaging waste and sustainability practices, leading to a shift towards more sustainable packaging solutions. An increase in recycling collection processes for waste materials can lead to the growth of the sustainable pharmaceutical packaging market. This is because recycling can help to reduce the amount of waste generated by the pharmaceutical industry and promote the use of environmentally friendly packaging materials.

Key Market Players

The key players in the pharmaceutical packaging market include Schott AG (Germany), Amcor PLC (Switzerland), AptarGroup,Inc (US), West Pharmaceutical Services, Inc. (US), Berry Global (US), Gerresheimer AG (Germany), Catalent,Inc (US), and WestRock (US). These players have established a strong foothold in the market by adopting strategies, such as new product launches, investment & expansions, agreements, partnerships, and mergers & acquisitions.

Related Reports:

Flexible Plastic Packaging Market – Global Forecast To 2025

Sustainable Plastic Packaging Market – Global Forecast To 2025