Tag Archives: AI

Transmetrics’ AI-powered demand forecasting and predictive optimization platform deployed by Egyptian shipping company Transmar

CAIRO, Egypt / AMSTERDAM, The Netherlands, 31-Mar-2021 — /EPR INTERNET NEWS/ — The ‘AI platform for logistics’, as Transmetrics is often referred to, is successfully streamlining operations at Transmar, a leading carrier of containerized cargo between Egypt and its key partners in the region. Transmetrics’ demand forecasting and predictive optimization platform is powered by artificial intelligence and machine learning algorithms.

With four decades of experience and a strong operational presence in Egypt, KSA, UAE and Sudan, Transmar has built a solid reputation in the market, founded on family values that drive the company’s ambition to offer the best in class service to its customers. Transmar owns and operates a large fleet of both dry and refrigerated containers, serves thousands of customers, and moves hundreds of commodities throughout the Middle East.

“We strongly believe in the power of Data. Transmetrics’ AI solution helps us leverage our 4 decades of operational experience, to make decisions both faster and smarter. As a regionally focused carrier we are more exposed to volatility. We’re excited about the capabilities Transmetrics will provide by helping see up to 12 weeks into the future, ensuring we have optimum planning and repositioning plans” said Ahmed el Ahwal, Commercial Manager at Transmar. In a recent study, the Boston Consulting Group (BCG) estimates that repositioning empty containers in the shipping industry costs €13 to 17 billion per year (US$14 – 19 billion), which adds up to 8% of a shipping line’s operating costs.

Transmetrics software provides daily rolling AI-driven forecasts for the next 10 to 12 weeks based on the cleansed historical data and relevant external factors influencing the demand. The planning and system optimization tools suggest an optimal and actionable plan for the repositioning of empty containers as well as storage for the next 12 weeks. This also takes into account all the related costs. Stevedoring, gate costs, etc. as well as other variables, and business constraints. The system is equipped to consider repair and maintenance as cost variables which is now work in progress and being co-developed with Transmar.

“We are thrilled to announce this new partnership with Transmar. It goes to show that the AI revolution in logistics is happening worldwide. I look forward to the results we will achieve together with the great team at Transmar” said Jon Fath, CEO of Transmetrics. “This requires deep knowledge of logistics processes because it is still a very hands-on business. Big Data methods, which are used in our product, support our client’s team in finding smarter ways to reposition their assets so that the Transmar local agencies have the right amount containers available when they need it.“

“Transmetrics’ solution helped our team to more accurately allocate our assets. Its monitoring tools and automated forecast result in improved turntime of our assets. Actually, it is a Double Win: our customers benefit from even better services and our team gets state-of-the-art support from AI,” El Ahwal said.

Transmetrics and Transmar also identified a number of next steps to further increase the benefits of Transmetrics solutions such as cabotage management functionality and a management dashboard. The dashboard will include cost reporting and is expected to show how the supply chain will look like for the next 3 months due to its predictive capabilities. “After implementation, Transmetrics is still giving us very professional and pleasant customer service, being open for discussions on product enhancements and being always available for questions and corrections on the data or on the logic where it is needed”, said Hossam Houta, Asset Manager at Transmar.

SOURCE: EuropaWire

Anna Mossberg, Silo AI: svenska företag riskerar att förlora sin konkurrensfördel utan AI

STOCKHOLM, Sverige, 10-Feb-2021 — /EPR INTERNET NEWS/ — Anna Mossberg, den nyutnämnda MD:n för Silo AI Sweden, tror att svenska företag riskerar att förlora sin konkurrensfördel utan AI. I sin nya roll siktar hon på att lösa de två stora utmaningarna som hindrar införandet av AI, brist på förståelse och svårigheten att hitta talang.

”Som styrelseproffs diskuterar jag dagligen med C-nivån. Företag har AI och digitalisering i sina strategier, men väldigt få har en vision om hur AI kan förändra deras verksamhet. Med AI kan man accelerera sin väg mot framgång men man måste börja experimentera och faktiskt göra saker, inte bara prata om att göra saker.”, säger Mossberg.

Endast 16 procent av de nordiska CXO:erna anser att de har en mycket god förståelse för hur AI kommer att påverka deras affärsmodell, enligt en ny rapport från McKinsey*. Tidigt införande av AI kan enligt McKinseys uppskattning fördubbla ett företags kassaflöde till 2030 jämfört med företag som inte använder sig av AI.

”Företagen som är ledande inom AI vet vilken typ av talang som behövs. En av de viktigaste drivkrafterna bakom Silo AIs förmåga till att leverera förstklassiga AI-lösningar har varit ett obevekligt fokus på att anställa de skickligaste talangerna inom området, och det är vad vi nu kan erbjuda de svenska företagen.”, Kommenterar Mossberg.

Mossberg har under större delen av sin karriär arbetat inom tech- och telekombranschen på bolag som Telia, Deutsche Telekom och Google. Hennes senaste operativa roll, innan Silo AI, var som affärsområdeschef på Google Sverige. Sedan dess har hon arbetat i styrelser i flera ledande nordiska företag, såsom mediekoncernen Schibsted, ledaren inom varumärken för den nordiska dagligvaruhandeln, Orkla, och Swedbank samt det schweiziska telekomföretaget Swisscoms styrelse.

Silo AI, ursprungligen från Finland, har blivit Nordens största privata AI-laboratorium med 130 AI-experter på tre år. Silo AI grundades av bland andra professor Peter Sarlin och ex-Nokia CTO Tero Ojanperä, och siktar på att bli det ledande europeiska AI-företaget och överbrygga klyftan mellan banbrytande AI-talang och konkreta affärsproblem.

* How artificial intelligence will transform Nordic businesses. McKinsey & Company: https://www.mckinsey.com/~/media/mckinsey/featured%20insights/artificial%20intelligence/how%20artificial%20in…

Silo AI

Silo AI är det största privata AI-labbet i Norden. Vi är en pålitlig partner, och med hjälp av artificiell intelligens stärker vi våra kunders konkurrenskraft i deras produktutveckling. Vi bygger AI-baserade lösningar och produkter för att möjliggöra självkörande fordon, industri 4.0 samt smarta enheter, nätverk och städer. Silo AI ger sina kunder unik tillgång till AI-expertis i världsklass samt infrastrukturen Silo OS, som accelererar AI-utveckling och -produktionssättning. Silo AI grundades 2017 och är på god väg att bli Europas ledande AI-företag med kontor i Helsingfors, Åbo, Uleåborg, Stockholm, London och Palo Alto.

SOURCE: EuropaWire

Offorte’s AI Textwriter automates the writing of business proposals

BREDA, The Netherlands, 21-Jan-2021 — /EPR INTERNET NEWS/ — Discover how business proposals almost write themselves with the use of Artificial Intelligence in a new update from Offorte.com. Proposal software Offorte makes it easy to create business proposals using the new artificial intelligence functionality, which helps you write proposal texts.

The new tool generates texts composed based on your limited personal input. You can create a company, product, and service description, plus the option to rewrite your texts. Use the system to generate ideas and brainstorm together for a perfect result. Staring at an empty screen is a thing of the past.

Behind the screen, the most advanced AI technology in the world is used to your advantage. This AI model aims at producing natural language and is trained by reading trillions of words and sentences online. The technology is still in its beta phase and cannot yet substitute a human touch, but it comes close to the desired result. Business proposals feature many nuances, all of them essential to win a contract, and to process it in your bid, you need to look at it and fine-tune your text. The AI Textwriter helps to inspire, create and automate.

For Offorte, this is the beginning of a new chapter with new possibilities to help our clients even more in the process of writing a proposal. Each business has its unique driving power and character. Using data and analysis, it becomes possible to gain more insight into what works and what doesn’t, creating a proposal that retains its identity. Thereby you achieve better results and save a lot of time.

The ultimate goal is a scenario whereby an account manager explains the main points of a sales pitch, the client’s interests, and what the proposal must contain as parameters. The system then automatically creates a perfect proposal and provide further support in the sales process. Things haven’t progressed so far yet, but with the new Offorte’s AI Textwriter, steps are made in the right direction.

SOURCE: EuropaWire

PixelPlex Notifies about the Update of Their Blockchain Development Services Webpage

New York City, NY, 2020-Oct-16 — /EPR INTERNET NEWS/ — The leading blockchain services provider PixelPlex informs their clients about the changes introduced on their webpage devoted to blockchain development.

PixelPlex has shared more details about their work in the blockchain domain, pointing out that they implement their knowledge of AI, IoT, and cybersecurity services to achieve the most impressive results. Their team comprises true and devoted professionals who are responsible for delivering advanced and safe blockchain solutions.

The company can boast of completing 50+ blockchain projects, which have enabled the clients to increase security, efficiency, and ROI of their businesses. On their webpage, PixelPlex also admits that they cooperate with 50+ universities and have 20+ institutional-grade projects in the company’s portfolio.

According to PixelPlex, their team is capable of delivering projects of any complexity and any size. They offer the following services: Custom Blockchain Development & Integration, Cryptocurrency Exchange Development, Blockchain Consulting, Cryptocurrency Wallet Development, Enterprise Blockchain Development, ICO & STO Development, DApp Development, Smart Contracts Development & Audit, Mining Pools, Blockchain Game Development, Block Explorers. What’s more, they scrupulously select platforms and features for each project and always make sure that they’ll achieve a satisfying result.

As PixelPlex admits, they provide their services to various industries, where their crafted and ingenious solutions have managed to bring about positive changes and live up to the clients’ expectations. So far, the company has successаlly partnered with the business from such spheres as Supply Chain Management, Health Care, Retail and eCommerce, Social Media, Real Estate, Gaming.

Additionally, it’s pivotal to mention that PixelPlex is considered to be a trustworthy blockchain services provider for the FinTech industry. On their updated webpage, they give an opportunity to get better acquainted with such tremendous FinTech projects as Qtum, Echo, ProPool, Blockcerts, Obito, Bitnetwork, MyBIT, Arbitrage, and Resorts STO along with enterprise-level solutions based on such blockchain platforms as Hyperledger, Stellar, and Quorum.

Via EPR Network
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Code A Wish Corp Hosts “AI 101” Summer Virtual Series for Teens amid Pandemic

Rockville, MD, 2020-Jul-30 — /EPR INTERNET NEWS/ — “Code A Wish Corp” is a Maryland 501(c)3 non-profit that is run by teens and for teens. The club was started by six high schoolers that come from Montgomery, Howard, and Fairfax County in the Greater Washington DC area in the summer of 2019. They shared the same vision that public schools nationwide have an educational gap on teaching the latest technology such as AI, especially to those that are under privileged. The founder of the non-profit Faith Cheung, a senior from Richard Montgomery High School first started a school chapter of “Girls who Code” and realized the need for technology education is unmet by the public school curriculum. After teaching coding at local libraries and even foster homes in Taiwan, she founded the non-profit at the end of the summer of 2019. A team of six like-minded high school students swiftly was formed and the idea of running a tech conference called “the Future Summit” began. With months of extensive planning and coordination, the tech conference went live on November 16th, 2019 at the Hilton in Gaithersburg, MD. The “Future Summit” proved to be a huge success. More than 200 teens from the East Coast were in attendance to hear prominent entrepreneurs and computer scientists give cutting edge speeches on machine learning, voice technology AI and the fourth industrial revolution.

To continue the outreach to even more teens amid the pandemic in 2020, the group has kicked off a new virtual summer series called “AI 101”. The learning gap in the tech field is evident when we asked such basic questions regarding AI in our AI Virtual interactive webinars. Unfortunately, not many could actually answer. The organization aims to fill a huge gap to the school system in hope to provide much needed education to teens so that they can be better equipped with foundational knowledge in AI and other emerging technology.

On July 3rd, 2020, “Code A Wish” hosted their first summer 2020 AI 101 webinar where over a hundred students enthusiastically participated. The first webinar was also published on youtube for those that could not join the live session: https://www.youtube.com/watch?v=jcLELI2aroo&t=1s

Since then, a weekly live session has been running and hundreds of students have signed up to join the interactive webinars. Topics so far generated interest from nearly 300 elementary and middle schoolers. The topics have also been carefully chosen to reflect the latest affairs. For example, the second episode was dedicated to the use of AI in Covid-19 research. The team is striving for reaching even more students this summer and providing an easy to follow virtual platform to engage teens. The next virtual webinar will be hosted on Friday July 31st, 2020 at 5 pm Eastern Standard Time. To register, please use the following link: cutt.ly/AI101

Via EPR Network
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Dr. Kurt Lauk joins Tachyum Board of Advisors

SAN JOSE, California, USA, 18-Sep-2019 — /EPR INTERNET NEWS/ — Today, Tachyum announced that Dr. Kurt Lauk has joined the company’s Board of Advisors. Dr. Lauk served on several management boards, including Daimler and Audi, and as a member of the EU Parliament. For 15 years, he was Chairman of the Economy Council (Wirtschaftsrat) and advised Angela Merkel in that capacity. He is Founder and President of Globe CP GmbH, a personally owned family office since 2000.

Dr. Lauk brings to Tachyum’s Board of Advisors valuable insights regarding European industries, including his deep understanding of European manufacturers and suppliers, along with expertise in international strategy and extensive experience bringing technology innovations to market.

Dr. Lauk has extensive European business experience, primarily through his positions as a Member of the Board of Management and Head of Worldwide Commercial Vehicles Division of Daimler Chrysler (1996-1999), as well as Deputy Chief Executive Officer and Chief Financial Officer of Audi AG (1989-1992).

Dr. Lauk currently serves as independent director on the supervisory boards of Magna Inc (Toronto), and Fortemedia (Cupertino). In July 2018 Nomura, Asia’s global investment bank, appointed him as Germany and Austria Advisory Board Chairman. Since 2000 he is a Trustee of IISS (International Institute of Strategic Studies in London). He previously held the position of Chief Executive Officer at Zinser Textil Machinery GmbH, 1978-1984 Vice President/Consultant/Partner at Boston Consulting Group, and Chief Financial Officer & Controller for VEBA AG (today E.ON SE).

Dr. Lauk earned a graduate degree from Ludwig-Maximilians-Universität München, an MBA `77 from Stanford Graduate School of Business and a doctorate in international politics from the University of Kiel. His extensive and varied experience includes service as a Member of the European Parliament (2004 2009), including as a Member of the Economic and Monetary Affairs Committee, and as a Deputy Member of the Foreign and Security Affairs Committee.

“Tachyum is honored to have an international business and technology luminary of Dr. Lauk’s caliber on our Board of Advisors,” said Dr. Radoslav Danilak, Tachyum’s Founder and CEO. “I am personally excited to work directly with Kurt, to be able to rely on his advice and counsel, especially regarding EU business strategies and how Tachyum can help facilitate EU technological sovereignty.”

“Today, Slovakia is the world’s largest per capita car producer. I look forward to working with Tachyum and Dr. Lauk to identify Prodigy value-added insertion points within Industry 4.0 and the automotive sector,” said Adrian Vycital representing Tachyum’s lead investor IPM, “We believe Tachyum will play an essential role in creating an innovation ecosystem, which is a key factor in the transformation of the Slovak economy from manufacturing to knowledge-based.”

Tachyum is on track with the design of its flagship product, code named Prodigy, the world’s first Universal Processor. High performance and ultra-low power, Prodigy offers industry-leading performance for data center, AI, and HPC workloads. With telecoms transitioning to 5G, Prodigy will bring AI from cell tower mounted datacenters to power intelligent IoT devices and autonomous systems. Tachyum is planning a 7nm tapeout next year, with volume production in 2021.

Tachyum’s Prodigy Universal Processor Chip is the smallest and fastest general purpose, 64-core processor developed to date, requiring 10x less processor power, and reducing processor cost by 3x. Prodigy will directly enable a 32-Tensor Exaflop supercomputer and allow the building of machines more powerful than the human brain by 2021, years ahead of industry expectations. Prodigy reduces data center TCO (annual total cost of ownership) by 4x, through its disruptive processor architecture and a smart compiler that has made many parts of the hardware found in typical processors redundant. Fewer transistors, fewer and shorter wires, due to a smaller, simpler core, translates into much greater speed and power efficiency for the Prodigy processor.

SOURCE: EuropaWire

Base Element, Cognigy partnership will enable the design and implementation of cutting-edge conversational AI solutions for clients and their brands

LONDON, 16-Nov-2018 — /EPR INTERNET NEWS/ — Base Element, a European digital agency, and Cognigy, a leading conversational AI platform software provider have entered to a strategic partnership agreement. This partnership will enable the design and implementation of cutting-edge conversational AI solutions for clients and their brands. The teaming up of Base Element and Cognigy will provide marketers with valuable tools to drive customer engagement and increase conversions, while maintaining meaningful relationships with their audiences through conversational AI interfaces.

“Brands are dynamic and living organisations. Conversing with their clients and prospects needs to be an organic process rather than just an engagement metric on a dashboard. It is a vital part of the customer experience,” Antonis Neocleous, Co-Founder and Director of Base Element, pointed out. “We have been deeply committed to enabling our clients to provide a consistent brand experience across touch points. Partnering with Cognigy, a pioneer in conversational AI technology, significantly supports this commitment.”

Cognigy’s partner ecosystem is at the heart of value creation for clients. They operate as a trusted advisor to both enable and guide clients to realize their potential and to assist them in implementing solutions to seize new opportunities. According to Cognigy’s spokesperson, “This includes understanding what it means to build a conversational practice, as well as how to configure, extend and maintain successful conversational AI projects. The team at Base Element know both the data and experience management space very well. We have a lot of confidence in what they can develop, execute and deliver.”

SOURCE: EuropaWire

PG Services will be demonstrating DB CyberTech’s GDPR solution during Elastic{ON} Frankfurt on October 30, 2018

SAN DIEGO, CA, USA, 29-Oct-2018 — /EPR INTERNET NEWS/ — DB CyberTech, a pioneer in machine learning based predictive data loss prevention, today announced that it is launching into the European market through a partnership with PG Services of Luxembourg. PG Services joins DB CyberTech’s growing partner ecosystem focused on bringing the next generation of truly intelligent cybersecurity solutions to market. DB CyberTech’s European operations will be headquartered in London.

“We’re excited to begin our new partnership with DB CyberTech. PG Services is known for selecting best in class solutions and integrating them into the Elastic SIEM for our global clients,” said Ali Alaie, Managing Director of PG Services. “After careful review and engineering investment in Europe, we selected DB CyberTech’s patented and award winning compliance and security platform to build a modernized connector that now presents critical GDPR discovery and classification data through the Elastic interface. We’re making DB CyberTech’s innovative platform for compliance and security available to all of our global Elastic clients. I’m pleased to showcase the integrated solution at this weeks Elastic{ON} conference in Frankfurt.”

DB CyberTech solutions enable customers with real-time visibility into their structured data for data security and GDPR compliance. The GDPR compliance solution is based on natural language processing to enable automated and continuous identification of high-value and sensitive personal data.

“We’re truly impressed with PG Services extensive experience with Data Analytics and Elastic value-added integrated solutions,” said Ali Hedayati, COO and President of DB CyberTech. “Our solution integration with PG Services Elastic-centric technology enables visualization, analysis, and searching of host intrusion detection alerts. The integration provides customers with comprehensive visibility, intelligent data classification, and automated machine learning for detection of suspicious activity in the data tier for security and GDPR compliancy.”

PG Services will be demonstrating DB CyberTech’s GDPR solution during Elastic{ON} Frankfurt on October 30, 2018.

SOURCE: EuropaWire

Advanced Data Classification now available for DB CyberTech’s #Predictive Data Loss Prevention and #GDPR solutions

SAN DIEGO, CA, United States, 27-Aug-2018 — /EPR INTERNET NEWS/ — DB CyberTech, a pioneer in machine learning based predictive data loss prevention, today announced advanced data classification for structured data as a new capability of their security and privacy platform. This new capability supports compliance with EU’s General Data Protection Regulation (GDPR).

DB CyberTech’s advanced data classification utilizes natural language processing to continuously and accurately identify high value sensitive data such as personal data, intellectual property, and financial information. With this capability, privacy professionals and Data Protection Officers are now able to focus more of their attention on a set of databases that store sensitive data and therefore pose the greatest risk to the organization.

Advanced Data Classification is available now for DB CyberTech’s Predictive Data Loss Prevention and GDPR solutions. Data classification operates completely non-intrusively by analyzing database conversations. No database login credentials are necessary and there’s no impact on database performance.

“To defend against today’s security threats to structured data, DB CyberTech offers database asset discovery, automatic data classification, and continuous monitoring to identify where sensitive data is stored along with which clients and applications process sensitive information,” said Brett Helm, CEO of DB CyberTech. “We then apply machine learning and behavioral analytics to pinpoint rogue activities including insider threats.”

SOURCE: EuropaWire

Web & Mobile Accelerator program seeks startups in sharing economy, new financial services, productivity tools, edtech, and software development tools

rockstart_europawire_epr_internet_news

Amsterdam, NL, 05-Dec-2016 — /EPR INTERNET NEWS/ — Rockstart, the world’s greatest startup machine, announces applications are open for the 6th Web & Mobile Accelerator program. The program begins on March 1, 2017 and lasts for 150 days. Rockstart supports entrepreneurs with a strong purpose by connecting them with the brightest minds in the industry, including experienced mentors, successful founders, and investors.

Program Director Rutger van Waveren remarks, “When considering founders for the Accelerator, we look for a great team with a well built product that focuses on a problem worth solving. In particular, this year we’re looking for startups who are working to solve big problems under the banner of technology that lets us live meaningful lives: sharing economy, new financial services, productivity tools, making education better, and tools that make software development more efficient and accessible. We’re also interested in ideas to enable the company of the future such as tools that make companies more effective and efficient, creating better logistics systems, 3D printing and computer security. Teams should be able to make use of the latest technologies such as AI, blockchain technology and sensors.”

WEB & MOBILE ALUMNI
Rockstart Web & Mobile startups like 3D Hubs, Peerby, Wercker, Deskbookers and many more have created successful businesses across a variety of B2C and B2B categories. 2016 graduates include Otly!, a bank for kids and their parents and winner of the UberPitch award, which led to funding by Uber. TIQ, a time-tracking solution for the enterprise, won the Exact Software Emerging App of the Year award and was mentioned by the Financieele Dagblad and Lawyer magazine as one of the best startups in the area of legal tech. Surance helps people get more out of their savings by making professional asset management easy and accessible for everybody. Two leading financial institutions have chosen Surance as their exclusive provider for robo-advice technology. To learn more about all the alumni of the Web & Mobile program, please check our website.

HOW TO APPLY
Rockstart’s 2017 Web & Mobile Accelerator will be accepting applications until January 15, 2017 and the program begins March 1, 2017 in the center of Amsterdam. For more information, please take a look at our stats.

Apply now!

SOURCE: EuropaWire