Connect with us
European Gaming Congress 2024

Artificial Intelligence

Coca-Cola Smart Lounge Launched With the Support of SandStar

Published

on

BEIJING, Feb. 08, 2022 (GLOBE NEWSWIRE) — After empowering a Coca-Cola souvenirs store in Shanghai, SandStar collaborated with Coca-Cola again to launch the Coca-Cola Smart Lounge. The lounge is designed to deliver a digital, immersive, and interactive shopping experience by collecting data from consumers’ shopping behaviors throughout their journey in each section of the store.

The Coca-Cola Smart Lounge is a recreational space where shoppers can enjoy beverages, coffee, and interactive entertainments in different sectors in the space. With cutting-edge computer vision technology and a combination of AI and retail, SandStar provides a customized solution for the Coca-Cola Smart Lounge to increase operation efficiency, bring operational management to a new level, and offer an upgraded shopping experience. It is a high technological and shopper-caring solution.

By deploying a matrix of AI cameras within each location, this solution helps to upgrade the space to a smart lounge. This matrix system can accurately identify each shopper’s feature, such as complete shopping behaviors, shopping routes, time spent in the lounge, space distribution of areas visited, and interactions. All features start to be analyzed from the moment a shopper enters the lounge, through the entire shopping journey to the moment this shopper leaves the store, and the real-time analytical results are dynamically displayed on a tracking dashboard. The cameras collect information on people’s movements and merchandise only, and no privacy (e.g. the facial features of a person) is involved.

As shown in the photo, the tracking dashboard displays in real-time the hourly, daily or recent number of shoppers, their average length of stay, in-store traffic distribution, etc. Such information enables store operators to better understand the “shopper” and to generate data tags based on insights based on shopping behaviors and purchasing preferences of shoppers. As such, massive retail data can be converted into rich, actionable advice.

The number of orders and the rank of best-selling items displayed on the tracking dashboard enables store operators to better understand “merchandise”. By analyzing data on merchandise display, combination, and promotion, store operators can keep optimizing and iterating their sales strategy to discover more growth opportunities. As such, operators can make actionable decisions faster for smart merchandising, smart display, and smart supply/sales prediction.  

In fact, the Coca-Cola Smart Lounge project is not the first time for SandStar to collaborate with Coca-Cola. Back in 2019, the launch of a Coca-Cola souvenirs store in Shanghai became a classic case of the two parties working together to reshape retail with technology. SandStar uses the AI technology to help Coca-Cola increase sales, empower operations, and reinforce its leadership position in digital and smart retail. This collaboration enables both parties to further push their edges and to create value together for the industry.     

Advertisement

Innovation has been at the core of SandStar’s effort to keep growing. SandStar will continue to join hands with Coca-Cola as well as other leading brands and retailers to build benchmark cases for the industry, to empower the retail industry with digital and smart operations, to open up new horizons for smart retail. SandStar is striving to become the most trusted provider of smart retail networks in the world.

About SandStar

SandStar is an artificial intelligence company that provides leading computer vision technology for the retail industry. The advanced retail solutions engage shoppers like never before with grab-and-go convenience, autonomous checkout and big data analytics, serving businesses worldwide. Founded in 2016, SandStar now has over 220 engineers. The company provides Smart Kiosks, Pure Computer Vision Smart Shops, and Smart Store Analytics. Headquartered in Charlotte, N.C., SandStar serves 25+ Fortune 500 companies in 15 countries and strives to build an AI retail ecosystem. SandStar is awarded as Technology Pioneer by World Economic Forum 2021 worldwide for its innovation in the field of retail. It is also a qualified Nvidia partner and Intel® IoT Market Ready Solution (Intel® IMRS) partner and Microsoft IP Co-Sell partner, supported by a number of leading venture capital investors after four rounds of funding, including CP Group, one of the world’s largest conglomerates.

Check out more at www.sandstar.com.

SandStar Media Contact:

Advertisement

Andrea Wang

[email protected]

[email protected] 

Related Images

Image 1: Dashboard powered by SandStar

Advertisement

The dashboard displays in real-time the hourly, daily or recent number of shoppers, their average length of stay, in-store traffic distribution, etc.

This content was issued through the press release distribution service at Newswire.com.

Attachment

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

Transforming Real Estate: Deka Immobilien and BuildingMinds Join Forces to Create Centralized ESG Data Hub for Carbon Reduction

Published

on

transforming-real-estate:-deka-immobilien-and-buildingminds-join-forces-to-create-centralized-esg-data-hub-for-carbon-reduction

BERLIN, Oct. 7, 2024 /PRNewswire/ — Deka Immobilien is implementing a central ESG data platform for its entire global real estate portfolio with BuildingMinds, the GRI winner of Proptech of the Year 2024. In the future, all stakeholders, from property and asset management to portfolio management, will be able to make data-driven decisions in real-time concerning the buildings and their CO2 emissions. At the same time, the created database will become the central supplier for Deka Immobilien’s ESG reporting activities.

The BuildingMinds platform is intended to serve as a control instrument, primarily for reducing the CO2 emissions of existing buildings.
A good, reliable database is the starting point for a well-founded reduction of CO2 emissions. BuildingMinds supports Deka Immobilien by providing structured data collection methods for energy and media consumption that meet the demands of a global real estate portfolio with varying requirements in individual countries and across different types of building usage. In addition, ESG-relevant documents such as energy certificates, green building certificates, and other expert opinions can be linked to each building. Enriched by a data quality assurance process, including a digitized, comprehensible filling of any data gaps, the platform becomes the “single-source-of-truth” for planning and reporting systems at Deka Immobilien.
The acquired database will become a central component in creating transparency around Deka Immobilien’s actions and the foundation for meeting European ESG reporting requirements. The BuildingMinds platform is integrated into Deka Immobilien’s reporting processes and also supports evaluations regarding the taxonomy conformity of the portfolio.
In the active asset management of the properties, the platform is used as an optimization tool. In the future, property, asset, and portfolio managers should be able to validate planning decisions based on real-time data. Benchmarks for energy and CO2 emissions can be used to analyze individual assets and entire portfolios. Targeted action plans can be evaluated in terms of their impact on energy, CO2 emissions, investment, and operating costs, allowing the path to achieving climate goals to be aligned with the fiduciary responsibility towards investors.
About BuildingMindsFounded in 2018 and fully funded by the Schindler Group, BuildingMinds is a software-as-a-service (SaaS) provider for the real estate industry, offering a comprehensive, data-driven platform for improving building performance. Using innovative technologies and analytics, BuildingMinds enables property owners and managers to efficiently monitor, assess, and optimize their portfolios and assets. This supports the development of a more sustainable and data-driven transformation in the real estate industry.
International Press Enquiries: Peter PanayiHead of Go-To-Market & Global Communicaions+44 [email protected]
Logo – https://mma.prnewswire.com/media/2523442/BuildingMinds_GmbH_Logo.jpg
 

View original content:https://www.prnewswire.co.uk/news-releases/transforming-real-estate-deka-immobilien-and-buildingminds-join-forces-to-create-centralized-esg-data-hub-for-carbon-reduction-302267841.html

Continue Reading

Artificial Intelligence

Racing Legend Jacques Villeneuve Engages CYPFER to Embolden Cybersecurity & Digital Resilience

Published

on

racing-legend-jacques-villeneuve-engages-cypfer-to-embolden-cybersecurity-&-digital-resilience

Villeneuve Looks to Be a Living Demonstration of Futurizing Racing Brands and The Business of Motorsports
MIAMI, LONDON and TORONTO, Oct. 7, 2024 /PRNewswire/ — Jacques Villeneuve, former Formula 1 World Champion and current F4 team owner, announced today the strategic partnership with Daniel Tobok, CEO of CYPFER, as Chief Cyber Intelligence Advisor for Villeneuve’s racing teams.

“The integration of advanced technology in motorsports demands equally advanced cybersecurity measures,” says Daniel Tobok, CEO of CYPFER. “With Jacques Villeneuve’s teams pushing the limits of innovation, we are dedicated to protecting their digital infrastructure, ensuring data integrity, and maintaining competitive advantage,” states Tobok.
The motorsports industry is increasingly reliant on digital technology, from car telemetry to race strategy simulations. According to a report by Cybersecurity Ventures, the cybercrime epidemic is predicted to cost the world $10.5 trillion annually by 2025, with the sports sector being a significant target due to its high-profile nature and valuable data.
“Racing at the highest levels requires not only physical and mechanical excellence but also digital security,” says Jacques Villeneuve. “Partnering with CYPFER gives us the confidence that our sensitive data, from race strategies to telemetry, is secure from cyber threats. This collaboration is a crucial part of our commitment to our core mission: winning races and pushing the boundaries of what’s possible in motorsports,” concludes Villeneuve.
“Entering the world of motorsports with Jacques Villeneuve is an exciting milestone for CYPFER,” shares Tobok. “Jacques’ legacy in racing and his forward-thinking approach make him an ideal collaborator. We are ready to safeguard his teams’ digital assets and contribute to their continued success,” concludes Tobok.
About CYPFER
CYPFER is on a global mission to help companies create Cyber Certainty™. With an experienced  team of incident responders, threat researchers, seasoned ransom experts, and data restoration experts, CYPFER is the trusted firm for leading law firms, insurance carriers and  global organizations. CYPFER’s cybersecurity professionals are located across the US, Canada,  UK, and Caribbean. The CYPFER team is ready to respond and help clients experiencing cyber attacks 24x7x365. CYPFER’s experts provide white-glove service and aim to restore Cyber Certainty™ for all clients on every engagement.
CYPFER’s core services include:
Ransomware Advisory Incident Response Services with specialized expertise in ransomware response and  recoveryOn-site and/or remote post-breach restoration support to augment internal teamsCYPFER is headquartered in Miami, FL. The company currently employs 140+ cybersecurity experts and has supported clients across six continents. CYPFER is executing plans to expand across the globe and boast a workforce of 200 cybersecurity professionals by the end of 2024.
For inquiries, please contact our PR Team at [email protected] 

View original content:https://www.prnewswire.co.uk/news-releases/racing-legend-jacques-villeneuve-engages-cypfer-to-embolden-cybersecurity–digital-resilience-302268233.html

Continue Reading

Artificial Intelligence

Sinch Honored with Frost & Sullivan’s Enlightened Growth Leadership Award

Published

on

sinch-honored-with-frost-&-sullivan’s-enlightened-growth-leadership-award

Recognized for Commitment to Making the World a Better Place Through Innovative Growth, Customer Value, and Sustainable Business Practices
STOCKHOLM, Oct. 7, 2024 /PRNewswire/ — Sinch (Sinch AB (publ) – (XSTO: SINCH), which is pioneering the way the world communicates through its Customer Communications Cloud, is pleased to announce that it has been awarded the Enlightened Growth Leadership Best Practices Recognition by the Frost & Sullivan Institute. This prestigious award celebrates Sinch as a Company of Action, for demonstrating best practices in its growth journey, while aligning with Frost and Sullivan’s “innovation to zero” initiative, which focuses on addressing global challenges through sustainable and responsible business practices.

In addition to its sustainability efforts, Sinch was recognized for its technology leadership, leveraging innovations like its cloud-based infrastructure for scalability and cost efficiency, and its API-first approach for rapid integration and customization. AI capabilities are embedded across Sinch’s entire portfolio, enhancing customer experience and operational efficiency, further solidifying its position as a leader in communication technology. The award acknowledges companies that drive significant economic impact and drive transformation, with Sinch advancing toward a future where environmental responsibility and business success are seamlessly aligned.
Sinch was specifically recognized for its dedication to the Science Based Targets initiative aimed at meeting the Paris Agreement’s 1.5°C goal. The company proactively assesses the environmental impact of its products and emphasizes responsible business practices that minimize waste and pollution.
“We are honored to be recognized for our commitment to sustainable growth, innovation, and our dedication to our employees, partners and customers,” shared Jonathan Bean, Chief Marketing Officer at Sinch. “This award reflects our focus on enhancing the customer experience by fostering a culture of responsibility, excellence, and forward-thinking. It also serves as a reminder of our ongoing commitment to reducing our environmental impact, fostering inclusive workplaces, and upholding the highest standards of ethical business practices with our customers and partners,” added Bean.
Sinch believes in the power of communication as a force for good and recognizes its responsibility to lead by example, especially as it powers billions of engagements each year. The company’s Environmental, Social, and Governance (ESG) initiatives are closely aligned with its core values, ensuring that its innovations and strategies not only connect people but also contribute to a sustainable and equitable future.
For further information, please contact:  Janet Lennon, Director of Global Communications [email protected]
This information was brought to you by Cision http://news.cision.com
 

View original content:https://www.prnewswire.co.uk/news-releases/sinch-honored-with-frost–sullivans-enlightened-growth-leadership-award-302268634.html

Continue Reading
Advertisement
Advertisement

Latest News

Trending