Artificial Intelligence
BSH Holds Its Own Against Tough Competition in 2019 and Drives Forward Climate Protection in 2020
2019 turnover reaches EUR 13.2 billion, almost matching the previous year’s levelBusiness stable in Europe, makes gains in North America, turnover down substantially in AsiaDuring 2020, all sites of BSH will become climate-neutralInvestments in digital technologies remain high MUNICH, Germany, March 17, 2020 (GLOBE NEWSWIRE) — Despite considerable challenges in 2019, BSH Hausgeräte GmbH (BSH) maintained its position as a world leader in the home appliance industry. Turnover, at EUR 13.2 billion, reached the third-highest level in the company’s history, though down 1.2 percent from the prior year. Research and Development expenditures rose to EUR 713 million in 2019. At 5.4 percent of turnover, they surpassed the record from 2018 (5.0 percent).“2019 was a challenging year for BSH. Putting our Hardware+ strategy into action across the board, as we address present and future consumer needs, helped bring the year to a satisfying close overall, in spite of difficult conditions,” said BSH CEO Uwe Raschke.A look at the regions
Despite the challenging market conditions and competitive situation, the home appliance manufacturer’s 2019 turnover in Europe (Western, Central and Eastern Europe) rose nearly a full percent from the prior year. BSH thus clearly defended its lead in the European market. It particularly remains the uncontested leader in its home market of Germany, where it gained further ground – as it also did in Southeast Europe.In Asia-Pacific BSH saw turnover slide by about 10 percent, mainly because of declining business in China. Regardless of that development, BSH is still the largest non-Chinese home appliance manufacturer in this market. Market consolidation, more intense competition, and a sharp rise in online commerce remain the major challenges in this region. At the same time, there were substantial gains in Australia, India, and the Southeast Asian countries.Appliance turnover in the Americas (North America including Mexico, Latin America) grew nearly 10 percent, enjoying a particular boost from BSH’s successful builder business – in which the company outfits entire large property development projects with home appliances. BSH foresees big future chances of becoming even more attractive to consumers in this market, thanks to connected appliances and the company’s broad-based Home Connect ecosystem.BSH will invest more into climate and environmental protection
During 2020, all sites of BSH will become climate-neutral. By expanding renewable energy production and in making production more energy-efficient, the company will save 22.5 GWh of its energy consumption (equivalent to 2.8 percent of its total energy consumption from 2017), and expand in-house renewable energy production capacity by 2.5 GWh. These steps will reduce BSH’s CO2 emissions by 5,000 metric tons. In that connection, BSH will be investing some EUR 100 million in climate neutrality by 2030, and will reduce CO2 emissions from its own production by another 20 percent.BSH has been investing great efforts in protecting the climate and the environment for many years now. Besides developing and selling energy- and water-saving appliances, BSH now extends its perspective to the entire value chain. With what is known as a circular economy model, in the long term BSH intends to minimize the environmental impact of all its business operations by recycling resources and using them in an ecologically sound way – whether in development and production, consumer use, or retrieval and reuse of employed resources and materials. That will result in less waste and lower emissions.Research and Development expenditures remain at record high
In 2019, BSH increased its expenditures on research and development to EUR 713 million, equivalent to 5.4 percent of total turnover. The focus remains on digital technologies such as software to control connected home appliances, voice control, machine learning and artificial intelligence. In 2020, the company will be putting the first appliances with its new microprocessor-based SystemMaster technology on the market – including Cookit, the multifunctional kitchen machine with cooking function, already introduced at IFA 2019. SystemMaster enables consumers to use digital services on their connected appliances, to download apps and programs, and to update software. Such updates will allow consumers to use future BSH innovations on appliances they have already bought.Further expansion of the digital ecosystem Home Connect
BSH expanded its Home Connect digital ecosystem in 2019, recruiting additional partners around the world. At present, 42 partners in 40 countries offer their services via the Home Connect platform. Supported devices will soon also include smart watches from a variety of makers. They will enable users to access the Home Connect app by way of these wearables, in addition to their smartphones and voice assistants – so they can conveniently take care of tasks like starting the coffee machine or preheating the oven. By working together with Google Assistant, Home Connect has also expanded its voice integration. The Home Connect app, relaunched in 2019, offers consumers even more functions, more time saving, and more personal convenience.2020 outlook
“We’re well positioned to keep performing well, thanks to our many new products and digital solutions,” says CEO Uwe Raschke. “But due to a wide range of economic and political uncertainties, as well as the unforeseeable consequences of the coronavirus disease, we can already tell today that 2020 will be at least as challenging as the previous year.”As already announced, Dr. Carla Kriwet will take over as CEO of BSH as of July 1, 2020. Uwe Raschke will then concentrate once again on his duties on the Robert Bosch Board of Management.Further information about BSH is available at http://www.bsh-group.com. Press materials can be found in our BSH Newsroom at https://www.bsh-group.com/newsroom. Find out more about BSH’s current topics worldwide on our social media channel Stories at http://stories.bsh-group.com.About BSH
BSH Hausgeräte GmbH, with a total turnover of some EUR 13.2 billion and more than 58,000 employees in 2019, is a global leader in the home appliance industry. The company’s brand portfolio includes eleven well-known appliance brands like Bosch, Siemens, Gaggenau and Neff as well as the ecosystem brand Home Connect and service brands like Kitchen Stories. BSH produces at 40 factories and is represented in some 50 countries.BSH is a Bosch Group company.Contact for press inquiries:
BSH Hausgeräte GmbH
Head of Global Corporate Press, Public Relations
Julia Henry
Tel.: +49 (0)89 4590-5814
Email: [email protected]
Artificial Intelligence
GEEKOM releases a perfect mini PCs with dual 2.5Gbps Ethernet ports – GEEKOM GT1 MEGA
TAIPEI, Sept. 20, 2024 /PRNewswire/ — GEEKOM, a Taiwanese tech company also known as the Green Mini PC Global Leader, recently released a strong lineup of flagship mini PCs with Intel Core Ultra processors and dual Ethernet ports, making it possible for users to enjoy impeccable performance and superb networking functionalities at the same time.
One of these mini PCs is the GEEKOM GT1 Mega, which employs a beautiful aluminum chassis with plenty of I/O, including two full-function 40Gbps USB4 Type-C, six USB Type-A, 2 HDMI2.0, a 3.5mm audio jack, an SD card reader and dual Ethernet ports. The two Ethernet jacks are both of 2.5Gbps standard, which not only delivers high-speed and reliable internet connection for people’s daily computing chores, but also enables the mini PC to serve more sophisticated networking functionalities as a soft router, a virtual machines, a hardware firewall, or even a home server. Besides, dual Ethernet ports can separate internal and external network connections, providing logical and physical separation of trusted and untrusted network traffic and keeping data safe from potential cyber-attacks.
The GT1 Mega is powered by Intel’s latest and smartest Core™ Ultra processor (up to CoreTM U9-185H) and dual-channel DDR5-5600MHz RAM. Thanks to the new CPU, GPU, and NPU three tier multi-processing architecture, the mini PC is ready to harness the superpowers of Artificial Intelligence. It is compatible with more than 500 AI models across 20+ categories and supports high-performance low-power processing in a wide range of computing scenarios, which include enhancing facial features and blurring the background during video calls, removing the vocals from songs to create karaoke tracks, and generating large-scale images based on texts or voice commands. Basically, the GT1 Mega allows users to finish tasks that used to take hours or even days through only a few keystrokes!
The GEEKOM GT1 Mega,is now available on GEEKOM’s official website.
Photo – https://mma.prnewswire.com/media/2508472/image_5019393_24175809.jpg
View original content:https://www.prnewswire.co.uk/news-releases/geekom-releases-a-perfect-mini-pcs-with-dual-2-5gbps-ethernet-ports—geekom-gt1-mega-302253057.html
SAN FRANCISCO, Sept. 19, 2024 /PRNewswire/ — Lucinity and Sift have announced a partnership, unifying fraud and Anti-Money Laundering (AML) into Lucinity’s integrated FinCrime compliance platform for case management, agent-enabled workflow automation, and Generative AI.
Sift is an AI-powered fraud platform securing digital trust for leading global businesses. Its Global Data Network analyzes more than 1 trillion events and identity signals per year to prevent fraud across the entire consumer journey. Lucinity and Sift formed this new partnership to address the challenges of fragmented fraud and AML systems, aiming to centralize and enhance financial crime investigations.
Sift’s AI-powered solution will now be integrated into Lucinity’s platform. This collaboration enhances Lucinity’s ability to provide a seamless and efficient compliance solution. It allows teams to review and manage fraud alerts more effectively through Lucinity’s unified Case Management system, thanks to the native integration between the systems. Key benefits to Lucinity’s users include:
Real-Time Fraud Screening: Payments are screened for potential fraud in real time, utilizing Sift’s fraud detection capabilities.Automatic Payment Holds: Payments suspected of fraud are temporarily held, ensuring verification before processing.Streamlined Reviews: Compliance teams can conduct thorough reviews of flagged payments within Lucinity’s Case Management solution.Risk Level Adjustments: Fraud detection parameters can be customized to adjust sensitivity levels, adapting to emerging fraud trends and risk appetites.This partnership also enables users to leverage Lucinity’s Generative AI capabilities through the Luci copilot to investigate fraud cases more efficiently.
Udi Nessimyan, President and Chief Revenue Officer of Lucinity, comments, “One of the greatest challenges in fighting financial crime is fragmented systems and data. Our partnership with Sift helps address this challenge by providing a centralized platform for various case types, including AML, fraud, sanctions, and ad hoc cases. Our collaboration significantly enhances the productivity of investigation teams, reducing the time spent on cases from hours to minutes.”
Sift’s Chief Marketing Officer, Armen Najarian, emphasizes the collaborative effort to enhance financial crime prevention, stating, “Cybercriminals are increasingly leveraging AI to bypass traditional anti-money laundering and fraud controls, creating sophisticated and dynamic threats. To combat these evolving risks, companies must adopt a ‘fight fire with fire’ approach by leveraging AI-powered solutions. Through Sift’s partnership with Lucinity, businesses can stay ahead of fraudsters, ensuring robust protection against abuse and enabling fearless growth.”
About Sift: https://sift.com About Lucinity: https://lucinity.com
Media contact:Celina [email protected] +354 792 4321
View original content:https://www.prnewswire.co.uk/news-releases/lucinity-partners-with-sift-for-unified-fraud-and-aml-case-management-302253487.html
Artificial Intelligence
Employee Background Check Software Market Size to Grow USD 828.8 Million by 2030 at a CAGR of 4.9% | Valuates Reports
BANGALORE, India, Sept. 19, 2024 /PRNewswire/ — Employee Background Check Software Market is Segmented by Type (Cloud-Based, On Premises), by Application (SMEs, Large Enterprises): Global Opportunity Analysis and Industry Forecast, 2024-2030.
The Global Employee Background Check Software Market was valued at USD 587 Million in 2023 and is anticipated to reach USD 828.8 Million by 2030, witnessing a CAGR of 4.9% during the forecast period 2024-2030.
Get Free Sample: https://reports.valuates.com/request/sample/QYRE-Auto-2A10579/Global_Employee_Background_Check_Software
Major Factors Driving the Growth of Employee Background Check Software Market:
The employee background check software market is growing due to increasing demands for secure hiring processes and regulatory compliance, especially in industries such as finance, healthcare, and IT. As companies look to reduce risks associated with fraud, legal liabilities, and workplace safety, background checks are becoming a critical part of recruitment processes. The rise of remote work has further accelerated the need for digital solutions. However, challenges include concerns over data privacy and varying legal frameworks across regions, which may slow adoption in some areas.
Buy Now: https://reports.valuates.com/api/directpaytoken?rcode=QYRE-Auto-2A10579&lic=single-user
TRENDS INFLUENCING THE GROWTH OF THE GLOBAL EMPLOYEE BACKGROUND CHECK SOFTWARE MARKET:
Cloud-based background check software is gaining traction due to its scalability, remote access, and cost-effectiveness. With cloud-based systems, businesses can streamline their hiring processes, particularly when operating across multiple locations. The ability to access data and conduct checks in real-time is highly valuable for organizations managing large workforces or remote employees. The flexibility and lower upfront investment of cloud-based solutions make them popular among businesses seeking efficient and adaptable systems for their recruitment processes.
On-premises solutions remain important for organizations with strict security and data control requirements, such as those in government, defense, or finance. These companies often need complete ownership of their data, which on-premises software offers, reducing the risk of external breaches. Although it requires significant upfront investment and maintenance, on-premises software provides a high level of customization and security. It’s especially useful for businesses dealing with sensitive information and industries where compliance with local data protection laws is critical.
Large enterprises, particularly those operating in regulated industries like banking and healthcare, are the major adopters of employee background check software. These organizations deal with large volumes of hires, making streamlined background checks essential for compliance and operational efficiency. The ability to integrate background check systems with existing HR tools, such as applicant tracking systems, allows large companies to manage their recruitment processes more effectively. The need for comprehensive and accurate background checks is crucial for mitigating risk and ensuring legal compliance.
The rise in remote working has increased the demand for background check software that allows companies to vet employees regardless of their location. Digital background checks, particularly cloud-based ones, make it easier for organizations to screen remote workers efficiently. This trend is expected to continue as more companies adopt hybrid or fully remote work models, where geographical barriers no longer restrict talent acquisition but require thorough and remote-friendly verification processes.
As regulatory frameworks for employment practices become more stringent globally, businesses are increasingly relying on background check software to ensure compliance. Laws like the General Data Protection Regulation (GDPR) in Europe and the Fair Credit Reporting Act (FCRA) in the U.S. have made it mandatory for companies to conduct background checks within specific legal parameters. This has led to increased demand for software solutions that can automate these processes while maintaining compliance with regional and international laws.
A major trend in the employee background check software market is the integration of these solutions with human resources management systems (HRMS). Integrating background checks with HR software streamlines the hiring process by consolidating background checks, employee records, and onboarding into one system. This improves operational efficiency for businesses, particularly large enterprises that handle significant recruitment volumes. Integration with HRMS allows for real-time updates, making background screening an even more integral part of the hiring process.
View Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-2A10579/global-employee-background-check-software
EMPLOYEE BACKGROUND CHECK SOFTWARE MARKET SHARE
North America dominates the market due to stringent employment regulations and widespread adoption across industries. Europe is another key region, driven by GDPR compliance and demand in finance and healthcare. The Asia-Pacific region is experiencing rapid growth due to increasing awareness of the importance of background checks, especially in countries like China and India, where digital hiring platforms are becoming more popular. The market is also expanding in the Middle East and Africa as businesses prioritize secure hiring practices.
Key Companies:
HireRightGoodHireCheckrSterlingHireologyINTELIFIGood EggPeopleG2VitayCertnGlobal HR ResearchVeritable ScreeningXrefZincPaycomADPVICTIGIntelliCorp (Cisive)SpringVerifyAsurintUniversalAssureHireVerified FirstHireSafePurchase Chapters: https://reports.valuates.com/request/chaptercost/QYRE-Auto-2A10579/Global_Employee_Background_Check_Software
SUBSCRIPTION
We have introduced a tailor-made subscription for our customers. Please leave a note in the Comment Section to know about our subscription plans.
DISCOVER MORE INSIGHTS: EXPLORE SIMILAR REPORTS!
– Employer of Record Services market was valued at USD 128.2 Million in 2023 and is anticipated to reach USD 196 Million by 2030, witnessing a CAGR of 6.8% during the forecast period 2024-2030.
– Employee Engagement Platform market was valued at USD 805 Million in 2023 and is anticipated to reach USD 2217.4 Million by 2030, witnessing a CAGR of 15.5% during the forecast period 2024-2030.
– Employee Advocacy Platforms market was valued at USD 533 Million in 2023 and is anticipated to reach USD 1020.8 Million by 2030, witnessing a CAGR of 9.7% during the forecast period 2024-2030.
– Employee Feedback Software market is projected to grow from USD 499.5 Million in 2024 to USD 1287.8 Million by 2030, at a Compound Annual Growth Rate (CAGR) of 17.1% during the forecast period.
– Employee Productivity Tracking Software market is projected to reach USD 311.8 Million in 2029, increasing from USD 219 Million in 2022, with the CAGR of 5.2% during the period of 2023 to 2029.
– Employee Feedback Software market is projected to grow from USD 499.5 Million in 2024 to USD 1287.8 Million by 2030, at a Compound Annual Growth Rate (CAGR) of 17.1% during the forecast period.
– Employee Rewards and Recognition Software Market
– Employee Productivity Monitoring Software Market
– Employee Recognition Software market was valued at USD 2247 Million in 2023 and is anticipated to reach USD 4186.4 Million by 2030, witnessing a CAGR of 8.9% during the forecast period 2024-2030.
– Employee Lockers Market
DISCOVER OUR VISION: VISIT ABOUT US!
Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.
Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that’s why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.
To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains a detailed research methodology employed to generate the report. Please also reach our sales team to get the complete list of our data sources.
YOUR FEEDBACK MATTERS: REACH OUT TO US!Valuates [email protected] U.S. Toll-Free Call 1-(315)-215-3225WhatsApp: +91-9945648335Website: https://reports.valuates.comBlog: https://valuatestrends.blogspot.com/Pinterest: https://in.pinterest.com/valuatesreports/Twitter: https://twitter.com/valuatesreportsFacebook: https://www.facebook.com/valuatesreports/YouTube: https://www.youtube.com/@valuatesreports6753https://www.facebook.com/valuateskorean https://www.facebook.com/valuatesspanish https://www.facebook.com/valuatesjapanese https://valuatesreportspanish.blogspot.com/ https://valuateskorean.blogspot.com/ https://valuatesgerman.blogspot.com/ https://valuatesreportjapanese.blogspot.com/
Logo: https://mma.prnewswire.com/media/1082232/Valuates_Reports_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/employee-background-check-software-market-size-to-grow-usd-828-8-million-by-2030-at-a-cagr-of-4-9–valuates-reports-302253435.html
-
Artificial Intelligence3 days agoDATAMARK Technologies Applauded by Frost & Sullivan for Advancing Location Determination Capabilities and Data Accuracy with Its Improved GIS and Indoor Mapping Solution
-
Uncategorized6 days agoSUBBD and Luna PR Join Forces to Shape the Future of AI-Powered Content Creation
-
Artificial Intelligence7 days agoGlobal AI Summit 2024 continued to transform data and AI landscape on final day
-
Artificial Intelligence6 days ago
Sinch calls for early redemption of outstanding bonds 2019/2024
-
Artificial Intelligence3 days agoLab Automation Market to Reach $11.31 Billion by 2031, Driven by Rising Pharmaceutical & Biotech R&D Expenditures and Increasing Demand for Automated Laboratories and Instruments – Report by Meticulous Research®
-
Artificial Intelligence6 days agoIT Operations Analytics (ITOA) Market worth $127.4 billion by 2029- Exclusive Report by MarketsandMarkets™
-
Artificial Intelligence7 days agoUST Launches ‘UST Retail GenAI platform’ – Transforming Retail Operations with Generative AI-Driven Solutions
-
Artificial Intelligence6 days agoTelecommunications and BFSI Customer Engagement Solutions Market to Reach $16.1 billion, Globally, by 2032 at 8.7% CAGR: Allied Market Research
