Tag Archives: artificial intelligence

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

Syniti expands collaboration with SAP to help customer’s move to SAP S/4HANA

BOSTON, MA, U.S.A., 20-Oct-2020 — /EPR INTERNET NEWS/ — Syniti, a leading Enterprise Data Management company, today announced its latest strategic collaboration with SAP Data Management and Landscape Transformation (DMLT) Services for customers moving to SAP S/4HANA via selective data transition (SDT).

SAP’s Data Management and Landscape Transformation (DMLT) Services is a dedicated service provider within SAP for data migration and management. They assist customers moving to SAP S/4HANA using a defined approach and best practices for a smooth overall transition. Their expertise covers all transition paths to SAP S/4HANA and their DMLT Migration Workbench now includes SAP Advanced Data Migration by Syniti™ for customer specific transition scenarios.

“We’re excited to increase our collaboration with SAP and provide even more ways to accelerate customers seamlessly to SAP S/4HANA,” said Kevin Campbell, CEO of Syniti. “The combination of DMLT expert services and Syniti’s certified software significantly improves clients’ experience and accelerates their value when moving to SAP S/4HANA.”

This strategic collaboration between DMLT leveraging SDT and Syniti’s certified software, provides customers the best of greenfield and brownfield approaches for accelerating SAP S/4HANA deployments for any application environment with a trusted, flexible and fast way to migrate. This offer is available now and you can read SAP’s press release here for additional information.

“This SAP solution is envisioned to increase customer value more than any other solution in the marketplace and ensure the customer’s move to SAP S/4HANA will be completed with the best-in-class data quality, speed, savings, predictability and efficiency,” said Stefanie Kuebler, Global Vice President of Data Management & Landscape Transformation at SAP. “This combination of Syniti’s powerful software and SAP’s premium services, provides customers the highest degree of customer success, best-in-class software and expert services.”

Syniti is a leading Enterprise Data Management company and certified SAP Solution Extension (SolEx) partner, whose software is resold by SAP with deployment options available on premise or in the cloud. Projects using SAP Advanced Data Migration by Syniti are recommended by SAP and experience significant savings, such as:

  • 303 percent three-year return on investment with an average eight-month payback on investment
  • 46 percent faster completion of data migration projects
  • 96 percent reduction of unplanned downtime

According to an IDC White Paper, sponsored by Syniti and SAP, “The Business Value of SAP Advanced Data Migration by Syniti” was published June 2020 and is available for download at http://www.syniti.com/businessvaluestudy.

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