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Artificial Intelligence

Algolia Launches Algolia Recommend — A New API-First Product to Generate Blazing Fast, Highly Relevant Recommendations at Scale for Retailers

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  • Algolia Search customers gain new Recommendation functionality with just six lines of code
  • Initial introduction of Algolia Recommend includes two AI-optimized models: “Related Products” and “Frequently Bought Together”
  • Beta program now open for early access to help test new features before general availability in June 2021

SAN FRANCISCO, May 04, 2021 (GLOBE NEWSWIRE) — Algolia, the leading API Platform for Dynamic Experiences, today launched Algolia Recommend: a high-performing, Artificial Intelligence (AI)-optimized API that accelerates the creation and implementation of product or content recommendations across digital touchpoints.

Algolia Recommend surfaces in milliseconds the most relevant recommendations, offers, or suggestions for a shopper using Machine Learning models that collect data from two sources: shopper behavior (the shoppers’ actions across a website or app, including previous purchases) and product data (all product attributes contained in the product catalogue, including product, description, availability, and price).

What makes Algolia Recommend unique is the fact that it is simple to integrate — with as little as six lines of code — and easy to use because it is developed with an API-first approach. Conversely, building a recommendation engine from scratch can be complex; additionally, relying on off-the-shelf, packaged solutions makes it almost impossible to develop a differentiated customer experience or gain a competitive advantage.

In an example of one use case, Orange România uses Algolia Recommend technology to retain and convert shoppers landing on out-of-stock products. According to Florin Spataru, digital marketing manager at Orange România, “By recommending different, but relevant products, we were able unlock eight percent more revenue on our online store.”

Algolia Recommend will have a significant impact on increasing the average order value through shopping cart expansion and customer satisfaction in online stores — and enables retailers to earn greater trust and loyalty by demonstrating a richer understanding of their customers, by surfacing highly relevant recommendations in the moment.

According to Jordan Jewell, research manager, digital commerce at IDC: “Due to COVID-19, a record number of retailers saw record growth in 2020, raising the stakes for practically every organization to have a digital commerce strategy. In this hyper-competitive market, merchants must provide customers with unique, personalized, and frictionless commerce experiences to succeed. An API-first tech stack is the foundation of these differentiated experiences. Algolia’s API-first approach to search and navigation is well suited to enable the future of commerce. With Algolia Recommend, merchants and developers can add a new API to their toolkit to build more comprehensive digital commerce experiences and grow online sales.”

Algolia Recommend initially includes two of the more popular machine learning models that automatically deliver tailored recommendations:

  • Related Products: This recommendation model enables retailers to increase conversions and orders by analyzing items a shopper interacts with (e.g. clicks, adds to a cart, and/or purchases) and suggesting similar products during the same session.
  • Frequently Bought Together: This recommendation model increases Average Order Value by upselling complementary items on the product page or shopping cart page based on how other shoppers have interacted with that same item during a single shopping session.

“Algolia recently unveiled its new company direction and vision and helped customers go beyond the search box with their digital commerce strategies,” said Julien Lemoine, co-founder and chief technology officer of Algolia. “The release of Algolia Recommend provides the next building block for retailers to optimize their online experience and increase their revenue. These retailers have already unlocked $1 billion+ additional annual revenue on the back of up to 1.7 trillion searches across Algolia’s API platform.”

In a recent survey, 42%1 of respondents said that it was “very important” or “somewhat important” to see personalized content (such as recommendations, offers, or experiences). When studying the impact of product recommendations in the U.S., 38%2 of respondents stated they would shop “much more frequently” or “more frequently” at online retailers if they received such recommendations.

Availability
The beta program for Algolia Recommend is available now, and open for early user sign ups. Algolia Recommend can be used and billed independently from Algolia Search.

Helpful Links

About Algolia
Algolia provides API platforms for dynamic experiences that enable organizations to predict intent and deliver results. Algolia achieves this with an API-first approach that allows developers and business teams to surface relevant content when wanted — satisfying the demand for instant gratification — and building and optimizing online experiences that enhance online engagement, increase conversion rates, and enrich lifetime value to generate profitable growth. More than 10,000 companies including Under Armour, Lacoste, Birchbox, Stripe, Slack, Medium, and Zendesk rely on Algolia to manage over 1.5 trillion search queries a year. Algolia is headquartered in San Francisco with offices in Paris, London, Tokyo, New York, and Atlanta. To learn more, visit www.algolia.com.

Contact:
Shannon Campbell
Offleash for Algolia
[email protected]

1 Importance of personalized content to consumers in the U.S. and the UK 2020
Published by Statista Research Department, Feb 24, 2021 – https://www.statista.com/statistics/1208600/importance-of-content-personalization-consumers/

2 Impact of product recommendations on shopping frequency in the U.S. 2016
Published by Statista Research Department, Aug 18, 2016 – https://www.statista.com/statistics/615182/impact-product-recommendation-shopping-frequency-usa/

GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Artificial Intelligence

Aetina Accelerates Embedded AI with High-performance, Small Form-factor Aetina IA380E-QUFL Graphics Card

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TAIPEI, April 25, 2024 /PRNewswire/ — Aetina, a leading Edge AI solution provider, announced the launch of the Aetina IA380E-QUFL at Embedded World 2024 in Nuremberg, Germany. This groundbreaking product is a small form factor PCIe graphics card powered by the high-performance Intel Arc A380E GPU. 

Unmatched Power in a Compact Design
The Aetina IA380E-QUFL delivers workstation-level performance packed into a low-profile, single-slot form factor. This innovative solution consumes only 50W, making it ideal for space and power-constrained edge computing environments. Embedded system manufacturers and integrators can leverage the power of 4.096 TFLOPs peak FP32 performance delivered by the Intel Arc A380E GPU[1].
Beyond Small Size: Big Capabilities
Despite its compact size, the IA380E-QUFL offers native support for 4 mini-DisplayPort outputs and 6GB of GDDR6 memory, enabling the connection of multiple high-resolution displays (UHD). This makes the IA380E-QUFL an excellent choice for a wide range of applications, including commercial gaming, video walls, medical imaging, and visual inference for smart cities.
“The demand for slim and energy-efficient AI systems is rapidly escalating,” said Jackal Chen, Senior Product Manager at Aetina. “The Aetina IA380E-QUFL addresses this need head-on, offering a powerful GPU solution in a compact, single-slot form factor with minimal power consumption. This empowers developers to create powerful and efficient edge systems for a wide range of applications.”.
Unparalleled Commitment: 5-Year Product Supply
Acknowledging the critical need for long-term product stability in industrial applications, Aetina ensures a 5-year product supply for the Aetina IA380E-QUFL, which streamlines system roadmaps and reduces the need for costly redesign. Our commitment is aligned with Intel’s announced product plans for the Intel Arc A380E GPU.[1]
[1]https://www.intel.com/content/www/us/en/content-details/820389/intel-arc-gpu-for-the-edge-public-30-3-30.html?wapkw=Intel%20Arc%20GPU%2030-3-30&DocID=820389 Intel, the Intel logo, and other Intel marks are trademarks of Intel Corporation or its subsidiaries.
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Artificial Intelligence

IG Canada Announces Enhanced Trading Platform for Enhanced User Experience

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Meta description : Explore IG Canada’s advanced trading platform, educational resources, and robust security features. Achieve your trading goals with the innovative tools.
NOTTINGHAM, England, April 25, 2024 /PRNewswire/ — IG Canada, a premier online trading platform, is pleased to announce significant enhancements to its trading technology, designed to empower both novice and experienced traders with superior tools and resources. This development is part of IG Canada’s commitment to providing the best trading experience in the Canadian market.

IG Canada has upgraded its platform with advanced features that streamline trading processes and improve the accuracy of trade execution. These enhancements include customizable charts, a wider range of indicators, and improved mobile access, ensuring traders can operate efficiently from anywhere at any time.
Recognizing the importance of education in trading success, IG Canada has expanded its educational resources. The brokerage now offers a comprehensive learning center featuring webinars, tutorials, and articles that cater to various skill levels. These resources are designed to help traders develop robust trading strategies and improve their market knowledge.
Security remains a top priority for IG Canada. The latest updates include enhanced encryption and multi-factor authentication to protect client data and funds. These security measures provide peace of mind for traders, knowing their investments are safeguarded against potential threats.
IG Canada is a leading online brokerage that provides trading services across multiple asset classes, including forex, stocks, commodities, and indices. With a focus on innovation and customer service, IG Canada is committed to helping Canadian traders achieve their investment goals through a transparent and efficient trading environment.
In addition, IG Canada is committed to engaging with the community through upcoming webinars, live events, and partnerships with local financial experts. These initiatives are designed not only to support the growth and education of the clients but also to foster a stronger, more connected trading community in Canada.
Press Contact:Contact Name: Timothy C. SherwinEmail: [email protected] Phone: +447 441425053

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Artificial Intelligence

Sentrycs Now Part of the UK National Protective Security Authority Catalog of Security Equipment

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This inclusion into the NPSA CSE marks a significant milestone in the company’s commitment to enhancing national and international airspace security and to leading the C-UAS market toward multi-layer strategy optimization and excellence.
TEL-AVIV, Israel, April 25, 2024 /PRNewswire/ — Sentrycs, a leading innovator in adaptive counter-drone solutions, is proud to announce its inclusion in the prestigious UK National Protective Security Authority Catalogue of Security Equipment (NPSA CSE).
 
Following a rigorous assessment process, Sentrycs’ cutting-edge Counter Unmanned Aerial Systems (C-UAS) solution has met the high standards set by the NPSA for Detection, Tracking, and Identification (DTI). The testing, conducted at the NPSA’s designated testing facilities in August 2023, rigorously evaluated the Sentrycs system against the NPSA’s DTI Testing and Evaluation Standard v3.1.
Sentrycs elected to be assessed under Configuration D as a 3D system with Ground Control Station (GCS) detection capability and platform identification capability, which is the most demanding test scenario with the highest number of scored parameters.
The Sentrycs system demonstrated exceptional capabilities in various security scenarios, showcasing its robustness in detecting and tracking with high accuracy and zero false alarms. The system’s innovative use of cyber techniques to extract data from targets and its streamlined human-machine interface were especially noted for their efficiency and ease of use.
“Our team is proud to have Sentrycs recognized by the UK National Protective Security Authority,” said Yoav Zaltzman, CEO of Sentrycs. “Being listed in the CSE is not just an honor; it’s a testament to our technology’s reliability and effectiveness in contributing to the ever-changing airspace security landscape.”
Sentrycs’ technology is now accessible through the NPSA CSE, providing security practitioners with verified solutions that meet the UK’s rigorous security standards. This inclusion not only underscores Sentrycs’ role in advancing security technology but also enhances its visibility and credibility on a global stage.
For more details on Sentrycs’ solutions and their impact, visit www.sentrycs.com.
For further information regarding the NPSA and the Catalog of Security Equipment, please visit the NPSA’s official website.
About Sentrycs
Sentrycs is a leader in adaptive counter-drone solutions, supported by innovative technology designed to passively identify, mitigate, and where necessary, intercept unauthorized drones custom-built for various environments – including airports, borders, prisons, critical infrastructure, and mass events. Founded in 2017, Sentrycs’ has offices in Israel and the US, serving customers worldwide. By uniting its field-proven technology and expertise in global drone environments, Sentrycs is leading the way towards a safer and more secure drone-driven future. Learn more at www.sentrycs.com
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