Artificial Intelligence
Mowi’s Capital Markets Day 2021
![](https://roboticulized.com/wp-content/uploads/2021/03/mowis-capital-markets-day-2021.jpg)
Mowi is one of the world’s leading seafood companies, ranked as number one on both market capitalisation and sustainability. Mowi is also by far the world’s largest Atlantic salmon farmer with harvest volumes of 440,000 tonnes in 2020, equivalent to a global market share of approximately 20%. The company has a fully integrated value chain from roe to plate and also produces its own environmentally certified feed specifically designed for the Mowi salmon strain.
To further strengthen the company’s position, Mowi’s strategic trajectory towards 2025 will be focussed on four main objectives: growth throughout the value chain with particular focus on Mowi Farming, further cost savings across the group, greater sustainability, and capitalising on digitalisation and automation. All four objectives are of equal importance and apply throughout our value chain, and these priority areas will be the focus of our Capital Markets Day.
MEGATRENDS CONTINUE TO DRIVE DEMAND
One of the key foundations of the salmon farming industry is the favourable long-term demand outlook. The megatrends driving salmon demand are stronger than ever and driven by health trends, a growing need for more low-carbon footprint diets, and salmon’s ability to appeal to the wider population as highly versatile and suitable for almost any eating occasion. Mowi expects the continued strong growth in demand for Atlantic salmon to exceed supply growth in the next five years.
“Salmon is a scientifically proven natural superfood. It is also versatile and appeals to people of all ages with its highly appetising taste, look, texture and colour. In the coming years, I see countless opportunities for Mowi and we are working on many important initiatives that will further develop the company and bring it into the future,” Mowi CEO, Ivan Vindheim says. MOWI FARMING WORKING ALONG THREE PILLARS – VOLUME GROWTH, COST AND SUSTAINABILITY
Mowi Farming is working along three pillars; volume, cost and sustainability. On sustainability Mowi has yet again being ranked the world’s most sustainable animal protein producer in the 2020 Coller FAIRR Protein Producer Index. Atlantic salmon is also ranked the most sustainably produced animal protein. On cost Mowi is consistently the number one or number two performer among peers in the regions in which the company operates. However, cost is still too high in absolute terms, particularly in some regions outside Norway. The cost variation between the regions is also too high. Thus, Mowi Farming will continue unabated with its work to address cost initiatives going forward.
Despite achieving record high volumes in 2020, Mowi Farming’s volume growth has been lagging behind the industry in the past few years. This is not satisfactory and will duly be addressed through various growth initiatives including increased investment in postsmolt. With the right measures in place we believe Mowi Farming has the intrinsic potential to grow well beyond 500,000 tonnes organically, using existing license capacity. Further to this Mowi Farming will also pursue farming growth through accretive acquisitions when this fits with its operational strategy. The main focus in Mowi Farming has been and will continue to be conventional farming. That said, we are monitoring developments in alternative technologies closely and may introduce such technologies when, and if, we find it timely and profitable.
“Although Mowi is uniquely positioned in the salmon farming industry, we have been lagging on growth and have over the past years grown by less than the industry. For an industry leader that is not satisfactory. Thus, re-igniting growth within Mowi Farming is a key priority going forward”, says Mowi CEO, Ivan Vindheim.
MOWI SALES & MARKETING CREATING CUSTOMER VALUE In Sales & Marketing Mowi puts the customer at the core of everything it does through product innovation, branding and operational excellence to create customer value. Mowi will continue to develop new, innovative, high quality products that are easily accessible to its customers to keep pace with constantly evolving food habits.
“We will also continue in our long-term quest to de-commoditise the salmon category through our MOWI branding strategy. At the same time we must acknowledge that salmon is still mainly sold as a commodity subject to fierce competition – particularly in Europe. Thus, it is key to be a cost leader in this part of the value chain too, in order to attain a reasonable profit on our sales”, says Vindheim.
Mowi also has a clear ambition for growth in Sales & Marketing, albeit with focus on selected segments and markets.
MOWI FEED TO GROW ALONG WITH MOWI FARMING
Mowi’s latest addition, Mowi Feed, was established as late as in 2013. After commissioning the second feed mill in Kyleakin, Scotland in 2020 Mowi is now self-sufficient for feed in Europe. Feed is by far the most important cost component in farming. The strategy from here is to grow Mowi Feed along with Mowi Farming. Mowi has unutilised capacity at its feed mill in Kyleakin, Scotland, and can add a new production line at the feed mill in Bjugn, Norway if needed with limited capital expenditure. Further to this the company will continue to streamline its operations to minimise cost and continue to produce sustainably sourced, high-performing quality feed specially designed for the Mowi salmon strain. Mowi will also continue to test alternative feed ingredients that provide the necessary nutrients for state-of-the-art salmon feed. The incorporation of such novel feed raw materials into Mowi Feed’s sourcing strategy will continue to be subject to satisfying our internal profitability, operational excellence and sustainability requirements.
MOWI 4.0 – TRANSFORMING OUR VALUE CHAIN THROUGH DIGITALISATION AND AUTOMATION
The fourth industrial revolution is upon us and offers Mowi significant opportunities. To leverage these opportunities, Mowi has developed its own Mowi 4.0 strategy to make the company more efficient by digitalising and automating the value chain from roe to plate.
The ongoing implementation of Smart Farming technologies in Mowi Farming is expected to have a positive impact not only on productivity and costs, but also on fish welfare and sustainability. Farming Norway leads the way within “Mowi 4.0 Smart Farming” and by 2025 expects to have completed the roll-out of Smart Farming technologies in its largest farming unit. By means of advanced imaging technology and intelligent sensors, Mowi will perform real-time monitoring of biomass, digital lice counting, autonomous feeding and tracking of fish welfare. Remote operation centres will leverage on these technological advances. A wealth of data combined with machine learning and artificial intelligence will enable Mowi to grow fish much more efficiently than today, and in an even more sustainable way. By constantly tracking fish behaviour and fish health, Mowi can be proactive instead of reactive when it comes to acting on biological issues. The organisation strongly believes Industry 4.0 technologies will offer much clearer scale advantages in the seawater phase than what is seen today.
In Mowi’s downstream operations digitalisation and automation also offer significant opportunities in its more than 30 factories all across the world. Fish processing is in many ways still very labour-intensive and in many cases improvements can be made simply by automation of manual work. However, the availability of advanced scanning technology also opens up for much more efficient production and more sophisticated product differentiation than seen today, and for selected customers Mowi will use blockchain solutions. Live streaming of Mowi’s Capital Markets Day can be viewed at https://mowi.com/investors/ from 08:00 CET today. Management presentation will commence at that time followed by a Q&A session which is scheduled to start at approximately 10:30 CET.
About Mowi ASA
Mowi is the world’s leading seafood company and the largest producer of farm-raised salmon in the world. As the first global seafood company with an end-to-end supply chain, Mowi brings supreme quality salmon and other seafood to consumers around the world.
With headquarters in Bergen, Norway, Mowi employs 12 200 people in 25 countries worldwide, and is listed on the Oslo Stock Exchange.
For more information, please visit www.mowi.com. Forward looking statements This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
Attachment
This release may be deemed to include forward-looking statements, such as statements that relate to Mowi’s goals and strategies, salmon prices, ability to increase or vary harvest volume, production capacity, trends in the seafood industry, restructuring initiatives, exchange rate and interest rate fluctuations, expected research and development expenditures, business prospects and positioning with respect to market, demographic and pricing trends, strategic initiatives, and the effects of any extraordinary events and various other matters (including developments with respect to laws, regulations and governmental policies regulating the industry and changes in accounting policies, standards and interpretations) on Mowi’s business and results. Forward-looking statements are typically identified by words or phrases, such as “believe,” “expect,” “anticipate,” “intend,” “estimate,” “may increase,” “may fluctuate,” “plan,” “goal,” “target,” “strategy,” and similar expressions or future or conditional verbs such as “may,” “will,” “should,” “would,” and “could.” Forward-looking statements are Mowi’s current estimates or expectations of future events or future results. Actual results could differ materially from those indicated by these statements because the realization of those results is subject to many risks and uncertainties. Mowi ASA’s Annual Report contains additional information about factors that could affect actual results, including: changes to the price of salmon including the value of our biological assets; hedging risks; risks related to fish feed; economic and market risks; environmental risks; operational risks; risks related to escapes, disease and sea lice; product risks; risks related to our acquisitions; financing risks; regulation risks including relating to food safety, the aquaculture industry, processing, competition and anti-corruption; trade restriction risks; litigation risks; tax and accounting risks; strategic and competitive risks; and reputation risks. All forward-looking statements included in this release are based on information available at the time of the release, and Mowi assumes no obligation to update any forward-looking statement.
Artificial Intelligence
ZTE highlights building solid foundations with full-stack intelligent computing solution at MWC Shanghai 2024
![zte-highlights-building-solid-foundations-with-full-stack-intelligent-computing-solution-at-mwc-shanghai-2024](https://roboticulized.com/wp-content/uploads/2024/06/150660-zte-highlights-building-solid-foundations-with-full-stack-intelligent-computing-solution-at-mwc-shanghai-2024.png)
SHANGHAI, June 26, 2024 /PRNewswire/ — ZTE Corporation (0763.HK / 000063.SZ), a global leading provider of integrated information and communication technology solutions, will present innovative solutions and success cases in connectivity, computing power, industrial digitalization, and terminal devices at MWC Shanghai 2024, committed to building solid foundations with its full-stack and full-scenario intelligent computing solution.
In addition to exhibitions, ZTE will participate in various forums, sharing insights on trending topics, including AI, 5G, digitalization, etc. Meanwhile, the company will be hosting a series of launch events, showcasing its AI-powered eyewear-free 3D products and the Nebula Telecom Large Model.
Adhering to its “connectivity + computing” strategy, ZTE aims to create a dynamic ecosystem with industry partners, emphasizing openness and decoupling. Through continuous innovation, ZTE seeks to unfold an intelligent future.
Computing Power: Full-Stack Intelligent Computing as Efficient Foundation
ZTE provides a full-stack and full-scenario intelligent computing solution involving computing power, networks, capabilities, intelligence, and applications. With a full series of servers, high-performance storage products, lossless networks, and green data centers, ZTE has created a robust engine for diverse intelligent computing centers.
Connectivity: A New Era of 10Gbps Experience
Together with industry partners, ZTE continues to explore innovations in 5G-A technologies across different scenarios and industries, and empowers diversified new B2B and B2C services based on 10Gbps+ experience. Meanwhile, ZTE is also leading in global OTN technologies, and actively driving the evolution of all-optical connectivity, building 10Gbps networks for cities, and empowering smart life based on intelligent computing.
Industry: Phygital Convergence for Innovative Development
ZTE proposes the solution of “intelligent computing infrastructure + Digital Nebula,” facilitating phygital innovation and boost productivity in the intelligent era. ZTE has developed hundreds of exemplary projects in key sectors and ZTE Digital Nebula 3.0 has become the “super brain” of industrial digitalization, enabling customers and industry partners to foster a sustainable and intelligent ecosystem.
ZTE Mobile Devices: AI Full-Scenario Intelligent Ecosystem 3.0
With “AI for All” product strategy, ZTE has launched a full range of AI devices, including smartphones, tablets, laptops, PCs, and mobile internet products, dedicated to building AI Full-Scenario Intelligent Ecosystem 3.0. Emerging as a pioneer in cloud PCs, ZTE possesses a global user base of over 3 million.
For more information about ZTE’s highlights at MWC Shanghai 2024, please visit: https://www.zte.com.cn/global/about/news/zte-highlights-building-solid-foundations-with-full-stack-intelligent-computing-solution-at-mwc-shanghai-2024.html
MEDIA INQUIRIES:
Email: [email protected]
View original content:https://www.prnewswire.co.uk/news-releases/zte-highlights-building-solid-foundations-with-full-stack-intelligent-computing-solution-at-mwc-shanghai-2024-302182946.html
Artificial Intelligence
Comviva named a Visionary in the 2024 Gartner® Magic Quadrant™ for AI in CSP Customer and Business Operations Report
![comviva-named-a-visionary-in-the-2024-gartner-magic-quadrant™-for-ai-in-csp-customer-and-business-operations-report](https://roboticulized.com/wp-content/uploads/2024/06/150662-comviva-named-a-visionary-in-the-2024-gartner-magic-quadrant-for-ai-in-csp-customer-and-business-operations-report.jpg)
NEW DELHI, June 26, 2024 /PRNewswire/ — Comviva, the global leader in customer experience and data monetization solutions, today announced that it has been named a Visionary in the 2024 Gartner Magic Quadrant for AI in CSPs Customer and Business Operations report.
Gartner defines the market of AI in communications service provider (CSP) customer and business operations as commercial off-the-shelf (COTS) products. They are either capabilities embedded in CSP-specific operational technology (OT) applications (such as channels, CRM and other business support system [BSS] applications) or industry-agnostic horizontal applications delivering AI/machine learning (ML)-based customer and business operations to CSPs. CSP customer and business operations refer to marketing, sales, customer acquisition, customer journey, billing and revenue management, revenue assurance, and related risk management. The scope of AI products covers data readiness, life cycle management of algorithms and their application to CSP customer and business operations.
Comviva’s vision is to revolutionize the telecommunications industry by harnessing the transformative power of AI and Generative AI. With AI use cases across its MobiLytix™ and BlueMarble solutions, Comviva is enabling businesses to create, manage, and deliver real-time personalization, contextualized customer experiences, and intelligence-driven commerce at scale. Comviva has been noted for its strength in content creation, natural language generation, decision intelligence and machine learning.
“To thrive in today’s digital economy, businesses must accelerate the adoption of AI and related digital technologies. Comviva’s greatest strength has been our intelligent platforms that deliver personalized experiences and engagement across the customer journey,” said Rajesh Chandiramani, CEO at Comviva. “We are excited by this recognition as we believe that this affirms our strategic direction and leadership in revolutionizing telecommunications with AI. Comviva’s strong position in the quadrant validates our commitment and progress toward leveraging next-gen technologies in our solutions to deliver exceptional customer experiences.”
Comviva integrates state-of-the-art AI technologies across its comprehensive product portfolio, driving innovation, enhancing customer experiences, and optimizing business operations for Communications Service Providers (CSPs) around the world.
Source: Gartner Magic Quadrant for AI in CSP Customer and Business Operations, by Pulkit Pandey, Amresh Nandan, Peter Liu, 4 June 2024.
GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally, MAGIC QUADRANT is a registered trademark of Gartner, Inc. and/or its affiliates and are used herein with permission. All rights reserved.
Contact
Sundeep Mehta, +91()9910030732, [email protected]
Logo: https://mma.prnewswire.com/media/995982/4760440/Comviva_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/comviva-named-a-visionary-in-the-2024-gartner-magic-quadrant-for-ai-in-csp-customer-and-business-operations-report-302182929.html
Artificial Intelligence
Jacobi releases Model Portfolio Tech to help investment firms capitalise on booming opportunity
![jacobi-releases-model-portfolio-tech-to-help-investment-firms-capitalise-on-booming-opportunity](https://roboticulized.com/wp-content/uploads/2024/06/150664-jacobi-releases-model-portfolio-tech-to-help-investment-firms-capitalise-on-booming-opportunity.jpg)
The search for technology to support model portfolio management and portfolio construction services is increasing as companies look to centralise and scale their model portfolio management and compete in a rapidly growing market.
LONDON, June 26, 2024 /PRNewswire/ — The utilisation of model portfolios among financial advisers has emerged as a transformative force, with staggering growth in model portfolios projected to continue over the next decade. And with good reason, they offer an efficient method for diversification, risk management, and portfolio construction, with personalisation features to match the unique financial goals and risk tolerances of clients.
Financial advisers are also increasingly turning to asset managers for assistance in managing the model portfolios they build and maintain for clients. Jacobi’s model management technology enables asset managers to scale the portfolio construction services they offer financial professionals. The technology enables a platform that can centralise performance and risk analytics, integrate investment workflows, and produce professional reports to share with clients.
An early adopter of Jacobi’s model technology, leading asset manager T. Rowe Price has seen improved process efficiencies and enhanced engagement with clients.
Chris Augelli, Head of Advisor Engagement & Portfolio Construction Solutions at T. Rowe Price, says:
“Jacobi’s technology has enabled us to work faster and handle the increasing demand for our portfolio construction services. Having the team on one common platform through Jacobi has facilitated collaboration in real-time, which has supported our effectiveness in meeting clients’ needs.”
Tanya Bartolini, Chief Revenue Officer at Jacobi, says:
“Our technology helps us partner with asset managers such as T.Rowe Price to scale and connect workflows, driving enormous efficiencies – and ultimately increasing their market distribution.”
About Jacobi
Jacobi Inc. is a global investment technology provider that streamlines multi-asset investment processes and enables portfolio design, analysis, and client engagement. Its unique “open architecture” platform allows users to tailor the platform by integrating their own code, models, data, analytics, and applications.
Founded in 2014, Jacobi provides its technology to top-tier investors across the globe, including some of the world’s leading asset and wealth managers, pension funds, asset owners, and investment consultants.
About T.Rowe Price
Founded in 1937, T. Rowe Price helps people around the world achieve their long-term investment goals. As a large global asset management company known for investment excellence, retirement leadership, and independent proprietary research, the firm is built on a culture of integrity that puts client interests first. Investors rely on the award-winning firm for its retirement expertise and active management of equity, fixed income, alternatives, and multi-asset investments. T. Rowe Price manages $1.54 trillion in client assets as of May 31, 2024, and it serves millions of clients globally.
Logo – https://mma.prnewswire.com/media/1899562/Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/jacobi-releases-model-portfolio-tech-to-help-investment-firms-capitalise-on-booming-opportunity-302180968.html
-
Artificial Intelligence5 days ago
Tech Developers Pioneering AI Tools to Revolutionize Future Productivity and Logistics
-
Artificial Intelligence5 days ago
2024 World Intelligence Expo kicks off in Tianjin
-
Uncategorized5 days ago
Dyspareunia Treatment Market to Hit $1,035.4 million by 2031, at a CAGR of 4.6%, says Coherent Market Insights
-
Artificial Intelligence5 days ago
2024 World Intelligence Expo Begins with a Grand Opening in Tianjin
-
Artificial Intelligence5 days ago
Eenovance Showcases Comprehensive Product Solutions at Intersolar Europe 2024
-
Artificial Intelligence5 days ago
Kidoodle MiniBox A1: Sowing Seeds of Imagination for Kids
-
Artificial Intelligence5 days ago
Key Tech Stocks Optimizing AI Usability and Infrastructure for a $20-Trillion Future
-
Artificial Intelligence5 days ago
Tianjin Advances with AI