Connect with us

Artificial Intelligence

edgeTI’s CEO Provides 2023 Outlook and Path Forward



<!– Name:DistributionId Value:8789551 –> <!– Name:EnableQuoteCarouselOnPnr Value:False –> <!– Name:IcbCode Value:9500 –> <!– Name:CustomerId Value:1216714 –> <!– Name:HasMediaSnippet Value:true –> <!– Name:gnw-snippetgallery_en_1 Value:<a data-type="gnw-snippetgallery" href="" rel="nofollow" target="_blank"><img alt="2023 Outlook Snippet" data-mce-src="/api/ImageRender/DownloadFile?resourceId=7cdb4c9f-3282-435b-8976-7dac9da80f75&amp;size=3" src="" /></a> –> <!– Name:AnalyticsTrackingId Value:20998cf9-1665-4c2b-aba6-2f94e0f2004e –>

ARLINGTON, Va., March 16, 2023 (GLOBE NEWSWIRE) — Edge Total Intelligence Inc. (“edgeTI”, “We”, “Our” or the “Company”) (TSXV: CTRL, OTCQB: UNFYF, FSE: Q5i), a leader in real-time digital operations software, provides the following 2023 outlook to shareholders, customers, and prospective investors. This interim update highlights market trends and progress as well as important initiatives edgeTI™ has underway and planned for 2023.

A Short Summary of the Outlook

  • Highlights of the 1st year as a public company
  • What’s next for edgeTI in terms of growth
  • How edgeTI is helping customers operationalize and scale artificial intelligence (AI)
  • How customer prototyping drove innovation in automation
  • How Digital Twins fit in the future of business operations
  • 2023 initiatives and signposts

“Completing an RTO at the end of 2021 and returning to trade in January 2022, we found ourselves in a volatile market for enterprise software that reached across every stock exchange,” said Jim Barrett, CEO of edgeTI. “We saw a tightening in access to capital, rising interest rates, supply chain challenges, and delays in U.S. Federal contracting due to budget ratification delays. Equally important, economic indicators and growing market pessimism led us to conserve our spending and preserve cash. Despite these strong head winds, we maintained shareholder value and secured strategic wins that establish a springboard for 2023 growth, further wins, and increased shareholder value as customers embrace AI and other digital innovations.”

1st Year as a Public Company Foundations and Milestones

  • Public Relaunch at CTRL on the TSXV
  • Addition of two strategic billion-dollar government systems integrators (SI) who operate edgeCore for their internal operational excellence and are selling and integrating solutions to government and commercial markets
  • Addition of technology partnerships in AI-driven risk intelligence and critical communications with OnSolve and AI-driven business simulation with Silico
  • Awarded a multi-year indefinite delivery/indefinite quantity (IDIQ) with a US$950M ceiling by the U.S. Air Force
  • Defense Tech Connect recognized EdgeTI with a Defense Innovation Award and a cash award for Security Innovation sponsored by Homeland Security
  • Recognized in Gartner® studies: Market Guide for Technologies Supporting a Digital Twin of an Organization and Emerging Tech Impact Radar: 2023 in Digital Twins1
  • In recent weeks, CB Insights positioned edgeTI as an important alternative to Palantir Technologies Inc. (PLTR)
  • Recent debt restructuring improved cash flows by more than $100K a month and extended maturity due dates.

What’s Next for edgeTI?

“With our path defined, I look forward to executing our growth initiatives to expand on the foundations we secured in 2022,” said Jim Barrett. “As we model and project outcomes for 2023, we intend to land and onboard 5 new deals and exit the year with forward annual recurring revenues (ARR) of US$5.1M and by 2027 more than triple our forward ARR to near $19M. Operationally, we have line of sight to reach cash flow positive during 2023. We are also taking steps to support increased investor activity as investors adjust their portfolios and take new positions in AI and digital innovation technologies.”

Helping Customers Operationalize and Scale AI

According to Precedence Research, the global AI market size was estimated at US$ 119.78 billion in 2022 and it is expected to hit US$ 1,597.1 billion by 2030 with a registered compound annual growth rate (“CAGR”) of 38.1% from 2022 to 2030.

AI shows real contribution and results in many segments. Yet, AI solutions are difficult to implement and operate according to multiple studies citing inability to scale and/or achieve projected results2. edgeTI’s flagship platform, edgeCore™, makes operationalizing digital innovations like AI, cyber, data mesh, automation, generative AI, quantum, and metaverse easier to achieve results, maximize return on investment (ROI), and accelerate user adoption. The Company believes these innovations foretell continual tech disruption and new levels of competitive performance — signaling new waves of growth in digital transformation and consolidation.

“We track and act upon digital innovations on a continual basis fueled by internal research and pilot requests from our partners and customers who are leaders in their respective industries. As a hub for operationalizing disruptive technologies, edgeCore uniquely portrays what’s happening in real-time and we expect this continual disruption to drive demand,” continued Jim Barrett. “What we didn’t expect was how quickly customers would gravitate to combining intelligence and automation into a single system to achieve more value and better stakeholder engagement.”

Customer Prototyping Raised the Bar in Automation and Outcomes

Through customer programs looking at automation, rapid deployment, and use of AI, one customer of edgeCore achieved a +300% ROI in the first year and recouped their investment inside of four months. Another customer working with automation challenges was able to achieve automation rates in excess of 80% and accelerated process execution by a factor fourteen times — turning an hour into four minutes.

“Our customer success, development, and DevOps teams met every challenge while delivering greater ease of use, better visualization, and ability to compose operations,” added Jim Barrett. “In addition to aiding these specific programs, they enabled original equipment manufacturing (OEM) programs, integrated AI partnerships, and we are poised to tackle additional challenges.”

Digital Twins Move Across Organizations to Operationalize AI and Automate Workflow

“Not long ago, analysts described Digital Twins (DT) in relationship to Internet of Things (IoT) or limited their use to simulations,” said Nick Brigman, VP of Product at edgeTI. “Throughout 2022, we heard leaders of businesses, government and U.S. military, express frustration in the form of questions like: Why can’t I create a digital replica of my business in real-time? What did it look like last week? Where are we headed? What happens if we lose supplier x? These operational quandaries and expectations suggest demand for a unified approach to operational intelligence and intelligent automation.”

edgeTI has been answering challenging questions like these for more than twenty years. The challenges and customer needs to which they relate are just moving from the war room into the boardroom and functional centers of operation. While analysts call programs that model an organization’s operations and situations to address these challenges ‘Digital Twins’, they also exist in customer settings with names such as ‘Total Visibility Center’, ‘Operational Excellence’, ‘Digital Ops’, ‘Executive Information Systems’, ‘Corporate Performance Management’, and ‘Customer Success Center’. Whatever the situation or operations, people do three things over and over: See what’s happening; Decide what’s best, and Act swiftly — then See how the action results in outcomes.

A Media Snippet accompanying this announcement is available by clicking on the image or link below:

Brigman continued, “What began in IoT, now looks at business functions, entire companies, and ecosystems. Coined by Gartner and others as Digital Twin of an Organization (DTO). This space is expected to experience significant growth as multiple analyst studies now estimate DTO software to grow in parallel with AI at near 40% CAGR for the next eight years to reach US$35B by 2031, driving services opportunities at two and a half to three times the software market size.3

edgeTI’s DTO solutions guide and empower stakeholders and participants to See, Decide, and Act at an ecosystem perspective to discrete process operations. edgeTI’s Continuous Relevance Cycle™ enables customers of its edgeCore platform to sustain relevance and achieve new levels of awareness and performance in targeted areas and then expand and extend the platform into other business operations.

2023 Initiatives and Signposts

Increase Ease of Adoption: edgeTI looks to introduce derivative, upgradeable products that create a lower price of entry and solution focus so new customers are able to start using the products quickly. To achieve this objective, edgeTI plans to focus on OEM, customer fusion teams, and other future markets. All derivative, upgradeable products are expected to be portable to the enterprise flagship edgeCore platform. The Company anticipates that derivative products will increase the Company’s new customer intake and opportunities for expansion.

Operationalize AI for Success and Scale: Company expects to continue integrating with AI solutions and other disrupters like ChatGPT and GPT-4. Through integration, edgeTI looks to help these systems reach quality data, explain what is happening in the business, and facilitate better decisions enacted quickly. The Company anticipates that customer success rates with AI will improve with edgeTI as edgeCore resolves many hurdles to deployment and barriers to scaling operations.

Deliver In-Domain Expertise and Scale: edgeTI expects to continue establishing strategic partnerships with industry and functional specialists (aka system integrators and consultants) that understand what customers need and are able to rapidly deliver purpose-built results with edgeCore. Delivered via OEM partnerships or pure consulting and deployment services, the Company believes that partners will benefit by the large opportunity in services that surround AI, automation, and Digital Twins solutions.

Grow Recognition and Awareness: Fueled by future investment in 2023, the Company intends to invest in sales and marketing capabilities, including marketing programs, in person events, and training to increase awareness and guide partners and customers through creating their ideal solutions to Achieve the Impossible.

On behalf of the board of directors of the Corporation:

James Barrett
Chief Executive Officer and Chair
Edge Total Intelligence Inc.

About edgeTI

edgeTI helps customers sustain situational awareness and accelerate data-driven action with its real-time digital operations software, edgeCore™. Global enterprises, service providers, and governments are more profitable when insight and action are united to deliver fluid experiences via the platform’s low-code development capability and compostable experiences. With edgeCore, customers improve their margins and agility by rapidly transforming siloed systems and data across evolving, complex situations in business, technology, and cross-domain operations — helping them achieve the impossible. Learn more at

For further Information contact:

Nick Brigman
Phone: 888-771-3343
Email: [email protected]

Follow Us:

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Information and Statements

Certain statements in this news release are forward-looking statements or information for the purposes of applicable Canadian and US securities law. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as “may”, “expect”, “estimate”, “anticipate”, “intend”, “believe” and “continue” or the negative thereof or similar variations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including but not limited to business, economic and capital market conditions.

Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the demand for its products, anticipated costs, and the ability to achieve goals. Factors that could cause the actual results to differ materially from those in forward-looking statements include, the continued availability of capital and financing, the impact viruses and diseases on the Company’s ability to operate, competition and general economic, market or business conditions, , statements regarding plans and revenues based on current conditions, , statements regarding the expected growth and opportunities in AI and other tech sectors, the Company’s ability to successfully introduce derivative, upgradeable products that create a lower price of entry, the Company’s ability to invest in sales and marketing capabilities and successfully increase awareness and new customer intake, the Company’s ability to continue to integrate with AI solutions and other disruptors, statements regarding the continued development of edgeCore™ and its ability to provide an enhanced AI customer experience, the Company’s ability to create and maintain strategic partnerships with industry and functional specialists, including the ability to secure five new deals in 2023, and statements regarding the Company’s increase in forward ARR. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The reader is cautioned not to place undue reliance on any forward-looking information. The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.


1 Gartner “Market Guide for Technologies Supporting a Digital Twin of an Organization” by Marc Kerremans, January 4, 2023, and Gartner, “Emerging Tech Impact Radar: 2023”, Tuong Nguyen, Annette Jump, Danielle Casey, 22 December 2022. GARTNER is the registered trademark and service mark of Gartner Inc., and/or its affiliates in the U.S. and/or internationally and has been used herein with permission. All rights reserved. Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
2 Sources: McKinsey Talks Operations, Deloitte AI Institute, Gartner Surveys   
3 Source: Combined results of studies by edgeTI, GrandView, MarketWatch

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

oToBrite Unveils Automotive-Grade 5MP/8MP Camera Modules to Meet Soaring Demand for High-Level ADAS/Autonomous Driving




HSINCHU, Sept. 28, 2023 /PRNewswire/ — oToBrite, a prominent provider of Vision-AI ADAS/AD solutions, has unveiled its latest offering in response to the surging demand for high-level Advanced Driver Assistance Systems (ADAS) and Autonomous Driving (AD) applications. With the need for enhanced perception technology, particularly for heavy commercial vehicles, as the heavier the vehicle is, the longer it will take to stop, oToBrite has successfully introduced automotive-grade 5MP/8MP camera modules. These cutting-edge modules can improve the visibility and perception capabilities of ADAS/AD systems, and have been adopted among clients in North America.

oToBrite has been a leading tier-1 player for vision-AI ADAS/AD solution in the automotive industry, leveraging its full-stack capabilities spanning camera module production technology, edge-computing system design, and vision-AI model development. The company offers flexible business model and comprehensive vision-AI technology stack, enabling it to provide system solutions, camera modules, or AI IP licensing to cater to diverse customer requirements. Its automotive-grade camera modules have already garnered the trust of prominent clients and entered the supply chain of car OEMs such as Luxgen, SONY, Toyota, XPENG, etc. with over 1 million automotive-grade camera modules deployed. To learn more about oToBrite’s offerings, please visit
The newly launched 5MP/8MP camera modules from oToBrite feature high-sensitivity CMOS sensors. oToBrite’s 5MP camera module series is equipped with Sony IMX490 Sensor and has multiple viewing angles, including 30°, 60°, 90°, and 120°. The 8MP camera module series employs Sony IMX728 sensors and also offers various viewing angles. Both 5MP and 8MP series are equipped with GMSL2 interfaces and tested with waterproof and dustproof standards of IP67/69K. They can operate within a temperature range of -40°C to +85°C, ensuring the utmost reliability and stability for customers.
oToBrite holds a distinct advantage in camera production technology, with 1K class clean room factory certified with IATF16949 and endorsed by several leading car OEMs. Additionally, the in-house developed 5/6-axis active alignment machine for high-end camera modules exhibits the capability to manufacture over 60 SKU variants of camera modules.
About oToBrite
oToBrite is a leading vison-AI ADAS/AD solutions provider. Based in Hsinchu Science Park, oToBrite has IATF 16949 certified clean room factory and several years of experience as an automotive Tier-1 supplier. Through comprehensive research and development capabilities, oToBrite provides vision-AI algorithm, ECU/domain controller and automotive-grade/special purpose camera products.
Photo –

View original content:

Continue Reading

Artificial Intelligence

CFOs are the change agents driving shift to servitized business model to harness growth, cost efficiency and technology opportunities




Time for action is now: Customer expectations for servitization already exist (61%) and projected to increase (70%) in the next three years, in terms of value, service and reliability.
LONDON, Sept. 28, 2023 /PRNewswire/ — IFS, the global cloud enterprise software company, has shared the latest findings of its recent global research polling 2,000 senior decision-makers – VP and above – in France, Germany, Japan, Nordics, UK, USA and the UAE –across Manufacturing, Services, Telecoms, Energy & Resources, Construction & Engineering, and A&D industries. In its last overview, the company highlighted the overarching dependence on AI to create and accelerate business value from servitization.  

The survey points to specific executives as drivers or enablers to successfully make the shift and align the organization behind it. The survey highlights the CFO (21%) behind the CEO (35%) as the guardian of business resilience, financial health and as the purse string holder for technology investments. CFOs recognize that the move to servitization is essential in providing predictability in revenues, expenditure and third-party costs, and are aligning themselves to becoming stewards of identifying cross-business strategies that will build competitive advantage. 
At the heart of the business case for servitization, the CFO is focused on three elements: Faster and more cost-efficient time to market, visibility and predictability into revenues and CAPEX, accelerating organization alignment across people, processes and technology, to support not only the processes but also to provide the insights required to assess and optimize as they go within their business and intra-company.  
CFOs exhibit the greatest urgency in implementing a servitized model out of all C-level respondents (CIOs, CHROs and CTOs), with (32%) prioritizing adoption within the next 18 months. This implies change is not only necessary but will deliver business benefits, with progress and success measured by a fully servitized P&L. CFOs are also most likely (26%) to say their role is the one driving the shift within the organization, as they understand how technology capabilities will reach deep into their organization and enable it to become more technology-driven with regards to the design and delivery of products and services: Product R&D (34%) and service R&D (32%) are two areas CFOs prioritized when looking at servitized business processes.  
The priority outcome CFOs want to achieve from servitization is enhancing insight-driven decision-making capabilities (32%) – pointing to why AI is their #1 essential technology choice (49%) as it will fuel faster, more accurate and more data-led inputs into the strategic choices that impact the bottom line.   
Technology as a revenue growth enhancer makes wise fiscal sense. For example, EAM is a must-have for servitization success (34%)– assets that are predictively maintained will last longer, have less downtime and result in less expenditure. FSM (40%) maximizes profitable revenue streams and enables significant cost savings across the service lifecycle through optimized workforce scheduling and planning. Similarly, the wealth of connected asset data that can be harnessed through the application of automation, ML, IoT, end-to-end connectivity – all CFO “must-implements” – explain why CFOs have emerged as such strong proponents of technology and servitization.   
The CFO’s confidence about the organizational readiness is high at (42%) indicating they have the processes mapped out and are progressing well in their move to servitization, but still have either organizational impacts on people and processes (23%) or technology needs to overcome, making the CHRO the second most significant executive to drive and enable the transformation. 
CHROs are more cautious about servitization readiness within the organization, being acutely aware that shifting from a product-focused to a service-focused mindset within their organizations is a barrier to implementing servitization (42%). However, CHROs are in alignment with the CFO on customer expectations for servitization, which are high now, and are set to increase. They also agree that technology is essential to success, with AI their top pick (50%).  
Alex Rumble, SVP of Corporate Communications, Product Marketing, AR, & CI at IFS, commented: “The CFO’s remit has evolved hugely in the last decade away from financial reporting to understanding and influencing business-wide strategies and aiding transformation.” Rumble added, “Our research illustrates this very well and that CFOs not only understand the positive impact of aligning a business behind the customer’s expectations, but also the much broader business value of doing so.” She concluded: “Today CFOs are visionary advocates of change and digital transformation and will help build predictability in revenue and costs, ultimately the holy grail for CFOs but still technology dependent.” 
Together, CFOs and CHROs can partner to be a powerful force to not only accelerate servitization, but also ensure that the whole organization is primed for success. CHROs must act as a secondary catalyst to mobilize cultural change, acting as a bridge between the business and ensuring the communication and implementation of the overall strategy is not siloed to the C-level. 
About IFS 
IFS develops and delivers cloud enterprise software for companies around the world who manufacture and distribute goods, build, and maintain assets, and manage service-focused operations. Within our single platform, our industry specific products are innately connected to a single data model and use embedded digital innovation so that our customers can be their best when it really matters to their customers – at the Moment of Service™. The industry expertise of our people and of our growing ecosystem, together with a commitment to deliver value at every single step, has made IFS a recognized leader and the most recommended supplier in our sector. Our team of over 5,500 employees every day live our values of agility, trustworthiness, and collaboration in how we support our thousands of customers. Learn more about how our enterprise software solutions can help your business today at 
CONTACT: IFS Press Contacts: EUROPE / MEA / APJ: Adam Gillbe IFS, Director of Corporate & Executive Communications Email: [email protected] Phone: +44 7775 114 856
NORTH AMERICA / LATAM: Mairi Morgan IFS, Director of Corporate & Executive Communications Email: [email protected] Phone: +1 520 396 2155
The following files are available for download:–cost-effici,c3220272
CFOs are the change agents driving shift to servitized business model to harness growth, cost efficiency and technology opportunities

View original content:

Continue Reading

Artificial Intelligence

Breaking language barriers: thebigword’s AI workflows enhance translation delivery on time to 99% while significantly reducing turnaround times




LEEDS, England, Sept. 27, 2023 /PRNewswire/ — thebigword, a leading provider of language solutions, is proud to announce an improvement in its on-time delivery performance and significant reduction of turnaround times. This has been made possible through a strategic fusion of human expertise and state-of-the-art AI and Machine Translation technologies.

This exciting achievement reaffirms the company’s commitment to delivering accurate and timely translations to clients worldwide, setting new industry standards.
With the ever-growing demand for rapid and high-quality translations, thebigword has taken numerous steps, including the ability to create and implement self-driving AI workflows, to ensure their clients are receiving the highest quality of translation and customer service.
Through the enhanced integration of AI and Machine Translation solutions into its translation workflows, thebigword has achieved remarkable outcomes, such as the significant reduction in turnaround times and this notable increase in on-time deliveries. With 99% of translation projects across various languages and industries delivered on time to clients, with shorter turnaround times.
thebigword’s collaborative approach leverages the strengths of their human translators with the power of AI technologies to allow for faster translation turnaround times, while maintaining the highest levels of accuracy. Their technology platform also enables quick resource allocation, ensuring that translation projects are assigned, executed and delivered quickly to reduce delivery times.
Joshua Gould, Chief Executive Officer of thebigword Group said: “thebigword is delivering a very human service with the utilisation of next-generation AI. These innovations represent an ongoing effort to enhance the overall client experience through our ability to deliver accurate, high-speed translations at an affordable price for any budget.”
Mark Daley, Global Managing Director of thebigword Translation said: “thebigword understands how crucial timely delivery of accurate translations are for the global success of our clients, and some of the latest technological integrations we have enabled have allowed us to achieve an impressive 99% as well as faster turnaround times.”
As thebigword celebrates this achievement, it looks forward to building on its success with other translation milestones and continuing to provide high-quality translation services – further enabling its mission of eradicating the final barrier of global communication.
About thebigword:
As one of the largest language service providers globally, thebigword utilises the greatest minds and boundary-shattering technology to deliver phenomenal quality at scale to both our clients and linguist network.
thebigword provides the best translation, interpretation, localisation and language technology solutions for businesses, the public sector and individuals – handling up to 50,000 worldwide assignments every day.
For more information about thebigword’s innovative AI and Machine Translation solutions, please visit
Logo –
For media enquiries, please contact:Lauren HockneyGlobal Head of [email protected]

View original content:

Continue Reading

Latest News