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Otoz Provides Update on Recently Launched Digital Retail Platform and Pilot for MINI USA Dealers

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  • MINI USA and MINI Financial Services have selected Otoz as their preferred vendor to enable digital retail for MINI dealerships and consumers.
  • Otoz’s recently launched automotive retail platform, MINI Anywhere, provides MINI USA customers with a fully digital shopping experience, empowering the OEM’s marketing strategies and creating a new, automated sales channel for dealerships and lenders.
  • MINI Anywhere is now live and on track to onboard more California dealers, with five MINI dealerships online since launching its California pilot in late May and a planned expansion to Florida in the coming weeks.

CALABASAS, Calif., Aug. 09, 2021 (GLOBE NEWSWIRE) — Otoz, a subsidiary of NETSOL Technologies, Inc. (Nasdaq: NTWK), a global business services and enterprise application solutions provider, today provided an update on its recently launched and expanding pilot program for MINI USA dealers.

The U.S. digital retail platform is designed to enable an end-to-end, online, car shopping experience for end consumers and create a new, automated sales channel for dealerships and lenders. Since its launch in late May of this year, the new platform has quickly gained traction. MINI’s digital retail program, called MINI Anywhere and powered by Otoz’s platform, is now live with five MINI dealerships; Otoz is also scheduled to onboard additional California-based dealers before an expansion into Florida in the coming weeks. Long term, the solution has the potential to be rolled out to the over 100 MINI dealerships across all 50 states.

In recent months, the automotive industry has witnessed a significant push towards digital transformation in the retail space. Marked by various announcements of newly formed partnerships, major acquisitions, and e-commerce pilots, stakeholders are racing to meet the consumer’s evolving expectation for online shopping options, including for traditionally in-person big-ticket items. While many digital retail tools in the market are still considered lead generators, facilitating only some of the purchase process online, Otoz has digitized the purchasing journey from vehicle search to payments, including the entire credit and contracting process.

Informed by NETSOL’s global expertise in automotive marketplaces, Otoz provides solutions rooted in financial technology and innovation. This expertise allowed Otoz to quickly build and offer integrations with financial systems, inventory feeds, fraud & identity tools, CRM’s, trade-in valuation companies, payment platforms, and several other partners to provide a truly, end-to-end car shopping experience.

Otoz tools are easy for sales teams to incorporate into their existing processes. For MINI dealers, the tool can be set up in as little as 60 minutes and is supported by Otoz’s dedicated success team that provides online and onsite onboarding and training services.

“We appreciate MINI’s belief in our product and team and are looking forward to the expansion of our original partnership,” said Naeem Ghauri, Otoz CEO and President of NETSOL Technologies. “The entry of our platform into the U.S. market has been promising. By putting the consumer at the core and creating new sales channels for dealers, we are providing a solution that benefits all parts of the asset finance ecosystem. We have already begun to see encouraging pickup of vehicle sales conducted through the platform, which is further validation that automotive brands need digital strategies and capable tech partners to execute. While we are focused on enrolling more dealers and scaling to more states, we are also continuing to add new features that are critical to increasing dealer and consumer adoption.”

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Built on cloud-native architecture and with a cutting-edge technology stack, Otoz uses agile development methodology to quickly design, build, and deploy new features to cater to the evolving needs of end users. The platform has been developed to ensure scalability and configurability to support various OEM, finance company, and dealership environments. With readily available APIs, flexibility on workflows and white-label configurations, implementation cycles are more efficient and reduce the need for customization effort. Enabling end-to-end, digital retail experiences for automotive brands requires a high degree of orchestration to handle complex business processes and integrate with dense system landscapes that are tied together by multiple entities. Otoz’s workforce provides consulting and development services backed by deep leasing & finance experience to help companies execute smoothly and quickly.

About NETSOL Technologies
NETSOL Technologies, Inc. (Nasdaq: NTWK) is a worldwide provider of IT and enterprise software solutions primarily serving the global leasing and finance industry. The Company’s suite of applications is backed by 40 years of domain expertise and supported by a committed team of more than 1300 professionals placed in eight strategically located support and delivery centers throughout the world. NFS, LeasePak, LeaseSoft or NFS Ascent® – help companies transform their Finance and Leasing operations, providing a fully automated asset-based finance solution covering the complete finance and leasing lifecycle.

About Otoz
Otoz, a division of NETSOL Technologies Inc. (Nasdaq: NTWK), provides business-to-business, white-label technology solutions for new mobility. The Otoz suite of agile and customizable mobility solutions ranges from car sharing and subscription products to AI-enabled chatbots, allowing businesses to engage consumers and facilitate the complete transaction lifecycle intelligently and digitally. Otoz technologies empower automotive companies and start-ups to launch digital retailing and new mobility models quickly and efficiently. The technology Otoz has developed is cloud-native and supported by artificial intelligence (AI), machine learning (ML), internet of things (IoT) and blockchain. Otoz technology drives utilization, while supporting robust and efficient operations.

Otoz Contacts:

Murad Baig
Co-Founder and Chief Product Officer
[email protected]

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Faraaz Ghauri
Chief Operating Officer
[email protected]

NETSOL Investor Relations Contact:

Matt Glover and Tom Colton
Gateway Investor Relations
1-949-574-3860
[email protected]

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

HUAWEI CONNECT 2024 | Huawei Unveils the Brand-New Xinghe Intelligent Fabric Solution, Powering the AI Era

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SHANGHAI, Sept. 21, 2024 /PRNewswire/ — At HUAWEI CONNECT 2024, over 300 industry leaders, experts, and scholars gathered for the data center network session themed “Xinghe Intelligent Fabric, Powering the AI Era.” The event featured discussions on the evolution and technological advancements of data center networks. During the session, Arthur Wang, President of Data Center Network Domain at Huawei’s Data Communication Product Line, introduced the newly upgraded Xinghe Intelligent Fabric solution. This cutting-edge solution aims to establish a data center network characterized by one map for intelligent operations and maintenance (O&M), one network for diverse computing, and one platform for simplified deployment, providing a robust network infrastructure to support enterprises’ digital and intelligent transformations.

In his keynote speech, Arthur Wang outlined the emerging trends in data center network development. He emphasized that in the AI era, data center networks require both a “brilliant brain” and “resilient bones.” The newly launched Xinghe Intelligent Fabric solution is designed to deliver a powerful network infrastructure tailored for the AI era, featuring:
One Map for Intelligent O&M: Zero Management ConcernsHuawei’s exclusive network digital map enables rapid cross-data center and cross-vendor fault identification within minutes. Additionally, the NetMaster network large model facilitates AI-driven O&M, eliminating manual intervention and ensuring zero management concerns.
One Network for Diverse Computing: Zero Service InterruptionsThe Xinghe Intelligent Fabric supports various application scenarios, including intelligent computing, general-purpose computing, and storage. The innovative Network Scale Load Balancing (NSLB) algorithm increases network throughput to 95% and boosts AI training efficiency by over 10%. With the exclusive iReliable three-level fast switchover capability, it achieves sub-millisecond switchover, guaranteeing zero service interruptions.
One Platform for Simplified Deployment: Zero Configuration ErrorsBy employing digital twins to simulate networks in advance and verify configurations post-deployment, the solution ensures 100% accuracy in network changes. By harnessing network-security convergence capabilities, AI creates an intelligent security matrix to analyze millions of security policies, achieving zero configuration errors.
Looking ahead, Huawei will continue to collaborate with industry partners to enhance research and innovation in data center networks, promote intelligent upgrades, and create greater value for the industry.
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Huawei Launches All-New Xinghe Intelligent Campus with Full Upgrades, Maximizing Enterprises’ Intelligent Productivity

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SHANGHAI, Sept. 21, 2024 /PRNewswire/ — During HUAWEI CONNECT 2024, the Xinghe Intelligent Campus session was successfully held, attracting more than 200 industry pioneers, experts, and scholars from around the world to explore campus network trends and technological innovations. Also at the event, Huawei unveiled its all-new Xinghe Intelligent Campus Solution that stands out for full upgrades to wireless, application, and operations & maintenance (O&M) experience.

Shawn Zhao, President of the Campus Network Domain, Huawei’s Data Communication Product Line, said, “As video conferencing, AI terminals, and AI applications become more widespread, the campus network access density has increased threefold, and the demand for bandwidth has grown tenfold. In this case, users place new requirements on the assurance for AI applications and audio/video services while expecting more intelligent O&M.”
To meet these needs, Huawei launched its all-new Xinghe Intelligent Campus Solution with full upgrades. Specifically, this solution upgrades wireless experience in performance, roaming, and IoT convergence. It also leverages X-Scheduler (an experience scheduling engine) to upgrade application experience, while drawing on AI-assisted decision-making and a tidal prediction algorithm to upgrade O&M experience. These help customers build an industry-leading digital infrastructure and facilitate the digital and intelligent transformation of enterprises.
In addition, the solution provides end-to-end security assurance. On the wireless side, the innovative Wi-Fi Shield technology radically prevents packet eavesdropping on the air interface. On the wired side, the full-link MACsec capabilities from switches to APs ensure secure campus network data transmission since the very beginning.
Also at the session, leading analyst firms, customers, and partners in various industries shared their unique insights, best practices, and successful cases. Key speakers include Sian Morgan, Research Director of Dell’Oro Group; Dr. Haitham S. Hamsa, Professor of Information Technology, Cairo University; Shang Qun, Assistant to the Director of the Computing Center, Peking University; Sun Pan, Director of Infrastructure Operations Dept, System Digitalization Dept, FAW Group; Connee Zhang, CEO of CypressTel. Their valuable practices will provide a unique reference for the digital and intelligent transformation of enterprises across industries.
Looking ahead, Huawei believes that the Xinghe Intelligent Campus Solution will become the preferred choice for global enterprises’ digital and intelligent transformation to reap more benefits.
For more information about Huawei’s Xinghe Intelligent Campus Solution, visit https://e.huawei.com/en/solutions/enterprise-network/campus-network.
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Artificial Intelligence

Huawei Launches Over 20 All-New Xinghe Intelligent Network Offerings to Amplify Industrial Intelligence

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SHANGHAI, Sept. 21, 2024 /PRNewswire/ — During HUAWEI CONNECT 2024, Leon Wang, President of Huawei’s Data Communication Product Line, announced more than 20 all-new Xinghe Intelligent Network offerings globally at the summit themed “Xinghe Intelligent Network, Amplify Industrial Intelligence”. These purpose-built offerings contribute to an AI network ecosystem and help customers seize opportunities for intelligent development and maximize intelligent productivity.

With the development of AI technologies, the world is advancing from digital transformation to intelligent transformation. All industries are quickly adopting AI technologies to create new use cases, for example, self-driving cars, intelligent diagnosis and treatment, and intelligent train inspection. All of these are significantly improving the efficiency and experience of our work and daily lives.
The advent of the intelligent era is driving networks into intelligent ones. Huawei has been making joint efforts with partners to lead research and practices of intelligent networks. That’s why Huawei constantly upgrades its Xinghe Intelligent Network offerings to help customers grasp opportunities for intelligent development, build new intelligent network infrastructure, and maximize intelligent productivity in the intelligent era. Key highlights include the following:
Xinghe Intelligent Campus focuses on AI-enabled, experience-centric campus network construction, ensuring zero freezing for audio and video applications, zero degradation on services, and zero waiting for interactions.Xinghe Intelligent WAN introduces a wide range of intelligent technologies to intelligently schedule millions of flows and precisely optimize service experience.Xinghe Intelligent Fabric adopts the AI Turbo engine to improve network throughput, enhancing foundation model training efficiency.Xinghe Intelligent Network Security integrates AI technologies into network security detection, accurately and rapidly identifying threats.To support network solutions in various scenarios, Huawei released more than 20 featured offerings globally. Examples include the industry’s first 100 Tbps fixed-form Ethernet data center switch, the industry’s first 51.2 Tbps liquid-cooled fixed-form data center switch, the industry’s first AI router, high-quality 10 Gbps campus switches and Wi-Fi 7 APs, Intelligent SASE Branch Security Solution, and the industry’s first IP Autonomous Driving Network Solution. All these offerings are designed to help customers with greater business returns.
As the intelligent era calls for intelligent networks, Huawei will continue to drive the development of intelligent networks and upgrade its Xinghe Intelligent Network products and solutions, ultimately helping global customers to stride towards the intelligent era and reap more benefits.
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View original content:https://www.prnewswire.co.uk/news-releases/huawei-launches-over-20-all-new-xinghe-intelligent-network-offerings-to-amplify-industrial-intelligence-302254795.html

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