Connect with us
Prague Gaming & TECH Summit 2024

Artificial Intelligence

Infosys : Highest ever large and mega deal wins with TCV of $7.7 billion lay solid foundation for future

Published

on

infosys-:-highest-ever-large-and-mega-deal-wins-with-tcv-of-$7.7-billion-lay-solid-foundation-for-future

Q2 growth at 2.3% sequentially with resilient margins of 21.2%. Revenue guidance revised to 1.0%- 2.5%
BENGALURU, India, Oct. 12, 2023 /PRNewswire/ — Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY), a global leader in next-generation digital services and consulting, delivered $4,718 million in Q2 revenues with year-on-year growth of 2.5% and sequential growth of 2.3% in constant currency. Large deal TCV for the quarter was $7.7 billion, with net new of 48%. Operating margin for the quarter increased by 40 bps sequentially to 21.2%. Attrition declined further to 14.6%. FY24 revenue guidance revised to 1.0%-2.5% and operating margin guidance retained at 20%-22%.

“We had our highest large deals value at $7.7 billion in Q2 spread across all verticals and geographies.  This, in an uncertain macro-environment, is a testament to our ability to pivot and stay relevant to the evolving client needs, by delivering the benefits of transformation as well as productivity and cost savings at scale”, said Salil Parekh, CEO and MD. “Strong H1 performance with significant large deal wins, builds a solid foundation for the future. The growing adoption of our Generative AI offering, Topaz, is helping us deliver consistent value and expand market share”, he added.
2.5% YoY2.3% QoQCC Revenue growth
21.2%Operating margin
$7.7 bn Large deal TCV
4.6% YoY Increase in EPS (₹ terms)
 
Guidance for FY24:
Revenue growth of 1.0%-2.5% in constant currencyOperating margin of 20.0%-22.0%1. Key highlights: 
For the quarter ended September 30, 2023
Revenues in CC terms grew by 2.5% YoY and 2.3% QoQReported revenues at $4,718 million, growth of 3.6% YoYOperating margin at 21.2%, decline of 0.3% YoY and increaseof 0.4% QoQBasic EPS at $0.18, growth of 1.7% YoYFCF at $670 million, growth of 13.8% YoY;FCF conversion at 89.2% of net profitFor six months ended September 30, 2023
 Revenues in CC terms grew by 3.3% YoYReported revenues at $9,334 million, growth of 3.7% YoYOperating margin at 21.0%, growth of 0.3% YoYBasic EPS at $0.36, growth of 4.0% YoYFCF at $1,369 million, growth of 10.0% YoY;FCF conversion at 92.8% of net profit”Our Q2 operating margin of 21.2% demonstrates the early benefits of recently unveiled margin improvement plan and is a clear reflection of our ability to continuously identify opportunities for improving operational efficiencies”, said Nilanjan Roy, CFO. “In line with our capital allocation policy, the Board has announced an interim dividend of ` 18 per share, an increase of 9.1% over last year”, he added.
2.  Client wins & testimonials
Infosys extended collaboration with Liberty Global to help evolve and scale Liberty Global’s digital entertainment and connectivity platforms leveraging Infosys Topaz. Mike Fries, CEO, Liberty Global, said, “Strengthening and expanding our collaboration with Infosys gives our best-in-class solutions new scale with the ability to reach many more markets and bring positive experiences to more customers. And while it produces substantial central cost savings over time, it also provides excellent opportunities for our talent to grow their specialist skills and nurture impactful careers with Infosys. We look forward to working together to accelerate innovation and make our entertainment solutions even more powerful and engaging as new generations of digital-first customers continue to demand more from us all.”Infosys collaborated with Microsoft to accelerate and democratize industry-wide adoption of generative AI. Nicole Dezen, Chief Partner Officer, Microsoft Corp, said, “We’re pleased to expand our collaboration with Infosys to deliver innovative solutions, utilizing Azure OpenAI Service and Azure Cognitive Services, that will help customers develop new business models, and realize new revenue streams. By harnessing the power of generative AI, Infosys will help customers accelerate growth and innovation.”Infosys and NVIDIA collaborated to help enterprises boost productivity with generative AI. “Generative AI will drive the next wave of enterprise productivity gains,” said, Jensen Huang, Founder and CEO, NVIDIA. “The NVIDIA AI Enterprise ecosystem is ramping quickly to provide the platform for generative AI. Together, NVIDIA and Infosys will create an expert workforce to help businesses use this platform to build custom applications and solutions.”Infosys announced a strategic multi-year collaboration with STARK Group to drive technological advancements and provide seamless services to STARK Group’s offices across Europe, leveraging Infosys Topaz. Pernille Geneser, Group CIO, STARK Group, commented, “We at STARK Group are excited to announce our collaboration with Infosys as we embark on a transformation journey to deliver state-of-the-art and future-fit IT services to our colleagues in the Nordics, Austria, Germany and UK. With Infosys’ expertise, we look forward to enhancing the quality of our offerings and kickstarting many new innovations.”Infosys together with Microsoft recently executed a strategic Enterprise Resource Planning (ERP) transformation program to help accelerate Talking Rain Beverage Company’s journey towards enhancing their core business capabilities and achieving business transformation. “By partnering with Microsoft and Infosys, we are aligning ourselves with leading technology and expertise in the industry,” said, Luke Fisher, Chief Financial Officer, Talking Rain Beverage Company. “This collaboration ensures we can continually enhance our capabilities and drive our business forward. The new ERP system takes our organization to a whole new level, enabling us to access real-time data, make smarter decisions and scale effectively for years to come.”Rich Products Corporation (RPC) selected Infosys for a key strategic transformation program to deploy SAP’s S/4HANA solution to simplify and harmonize their business processes, digitally upskill associates, and improve experience for associates and customers. Yexi Liu, Global CIO, RPC, said, “We are looking at this S/4 HANA based transformation to reimagine the way Rich’s operates its business and create unique and distinctive customer value. Our strong collaboration with Infosys will aim to help accelerate our business transformation, reduce technical debt and help shape industry standard business processes to drive operational excellence.”Infosys recently launched the Infosys Cobalt Airline Cloud (ICAC), a first-of-its-kind industry cloud offering designed for commercial airlines to help them accelerate their digital transformation journey. Fernando Rocha, CIO, Aeroméxico Airline, said, “We are excited to collaborate with Infosys to leverage the solutions, reference architectures and blueprints of the Infosys Cobalt Airline Cloud. We believe that this platform will enable us to quickly adapt to changing market dynamics, enhance customer experiences, and drive profitable growth.Guaranty Trust Bank selected Infosys Finacle’s Digital Banking Suite for its multi-country digital banking transformation program. Segun Agbaje, Group Chief Executive Officer, Guaranty Trust Holding Company Plc, said, “We are delighted to be working with Infosys Finacle to create a superior, agile, and scalable core banking system that supports our vision of delivering seamless and connected experiences across every customer touchpoint. As an organization, we have always held that the future of banking is digital, largely driven by technology and customers’ preference for secure, convenient, and reliable channels. This is the thinking behind our innovation drive and history of firsts, offering best-in-class financial services across Africa. Infosys Finacle’s digital solutions will significantly transform our operations and facilitate our push towards more innovative, responsive banking.”Infosys Public Services announced the opening of its new subsidiary in Canada to help accelerate digital transformation for public sector organizations across the country and provide them access to top tier IT talent and innovative solutions for better delivery of government services to Canadian citizens and businesses. Franco Chirichella, President and CEO, Innovapost, said, “As one of Innovapost’s key strategic partners, Infosys Public Services Canada has helped us successfully deliver IT initiatives to meet the demands of the evolving mail, courier and logistics industry. IPS Canada does a great job of bringing the breadth and depth of their global and Canadian capabilities to Innovapost to support us in meeting our business and technical needs.”Infosys transformed Bendigo and Adelaide Bank’s customer and employee experience by helping the bank democratize data, improve data governance, and deliver better banking experience. Nathalie Moss, Practice Lead, Lending Technology at Bendigo and Adelaide Bank, said, “Our employees are now able to service customers faster and more easily due to the centralized document storage and common searchable access approach. The key to the program led by Infosys is findability. The faster we can find all relevant customer documents, the more deeply we understand the customer and the more personalized the service we offer becomes, every time we interact. Better operational flow equals more effective and empowered staff and builds on the award-winning customer experience our Bank consistently offers.”3.  Recognition
Featured in TIME’s World’s Best Companies 2023 list – Infosys was among the top 3 global professional services firms and the only brand from India in the Top 100 global rankingsRanked as one of the Top 3 brands in Kantar BrandZ Most Valuable Indian Brand Rankings 2023Recognized as one of India’s Best WorkplacesTM for Women 2023 (Top 50 Large Organizations) by the Great Place to WorkTM InstituteRanked among the Top 10 Best Companies for Women in India (BCWI) in 2023 for the fourth year in a row, and as the ‘Champion of Inclusion’ in the Most Inclusive Companies Index (MICI) for the second year in a row, by Avtar and SeramountHonored with the Mahatma Award under the ‘ESG Excellence’ categoryInfosys Crescent campus in Bengaluru, India, has been recognized as one of the ‘100 Iconic Sustainable Buildings’ by The Bureau of Energy Efficiency, Ministry of Power, Government of IndiaPositioned as a leader in the 2023 Magic Quadrant for Public Cloud IT Transformation Services by GartnerRecognized as a leader in Net Zero Consulting Services PEAK Matrix® Assessment 2023 by EverestRecognized as a leader in Cloud Services PEAK Matrix® Assessment 2023 – North America by EverestRecognized as a leader in Network Transformation and Managed Services PEAK Matrix® Assessment – System Integrators (SIs) 2023 by EverestRecognized as a leader in Data and Analytics (D&A) Services PEAK Matrix® Assessment 2023 by EverestRecognized as a Leader in the IDC MarketScape: Worldwide Finance and Accounting Business Process Services in the Cloud Vendor Assessment 2023Positioned as a leader in HFS Horizons: Cards & Payments Services Providers 2023 reportPositioned as a leader in HFS Horizons: Travel, Hospitality, and Logistics Service Providers, 2023 reportPositioned as a leader in HFS Horizons: Enterprise Blockchain Services, 2023 reportPositioned as a leader in Automation in Banking NEAT 2023 by NelsonHallFeatured in the Constellation ShortList 2023: Customer Experience (CX) Operations Services: GlobalFeatured in the Constellation ShortList 2023: Digital Transformation Services (DTX): GlobalFeatured in the Constellation ShortList 2023: Public Cloud Transformation Services: GlobalFeatured in the Constellation ShortList 2023: AI Services: GlobalRecognized as 2023 Google Cloud Industry Solution Services Partner of the Year – Supply Chain & Logistics and Google Cloud Specialization Partner of the Year for Application DevelopmentReceived the Salesforce 2023 Partner Innovation Award in the industry solution awards categoryInfosys Finacle recognized as the Best Real Time Payments Provider at the MEA Finance Leaders in Payments Conference & Awards 2023Infosys Finacle recognized as the Best SaaS Provider of the Year (Software) and as Outstanding Wealth Management Solution by a Vendor at the Global BankTech Awards 2023Infosys recognized as a leader in Cyber Security – Solutions and Services 2023 ISG Provider LensTM study in US, US Public Sector, Australia, and Nordics regionsInfosys recognized as a leader in Private Hybrid Cloud – Solutions and Services 2023 ISG Provider LensTM study in US and AustraliaInfosys recognized as a leader in IoT – Services and Solution 2023 ISG Provider LensTM study in USInfosys recognized as a Leader in ISG Provider Lens™ Retail & CPG Services reports – Managed Services in the US and Europe 2023Rated as a leader in Avasant’s Digital Masters 2023 RadarView™Rated as a leader in Avasant’s Canada Digital Services 2023-2024 RadarView™About Infosys
Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses and communities. We enable clients in more than 56 countries to navigate their digital transformation. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, as they navigate their digital transformation powered by the cloud. We enable them with an AI-powered core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace.
Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.
Safe Harbor
Certain statements in this release concerning our future growth prospects, or our future financial or operating performance are forward-looking statements intended to qualify for the ‘safe harbor’ under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results or outcomes to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding the execution of our business strategy, our ability to attract and retain personnel, our transition to hybrid work model, economic uncertainties, technological innovations such as Generative AI, the complex and evolving regulatory landscape including immigration regulation changes, our ESG vision, our capital allocation policy and expectations concerning our market position, future operations, margins, profitability, liquidity, capital resources, and our corporate actions including acquisitions. Important factors that may cause actual results or outcomes to differ from those implied by the forward-looking statements are discussed in more detail in our US Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2023.  These filings are available at www.sec.gov. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company’s filings with the Securities and Exchange Commission and our reports to shareholders. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law.
 
Infosys Limited and subsidiaries
Extracted from the Condensed Consolidated Balance Sheet under IFRS as at:                        (Dollars in millions)
September 30, 2023
March 31, 2023
ASSETS
Current assets
Cash and cash equivalents
1,892
1,481
Current investments
913
841
Trade receivables
3,403
3,094
Unbilled revenue
1,692
1,861
Other Current assets
1,379
1,349
Total current assets
9,279
8,626
Non-current assets
Property, plant and equipment and Right-of-use assets
2,424
2,516
Goodwill and other Intangible assets
1,058
1,095
Non-current investments
1,414
1,530
Unbilled revenue
171
176
Other non-current assets
1,343
1,369
Total non-current assets
6,410
6,686
Total assets
15,689
15,312
LIABILITIES AND EQUITY
Current liabilities
Trade payables
386
470
Unearned revenue
844
872
Employee benefit obligations
315
292
Other current liabilities and provisions
3,134
3,135
Total current liabilities
4,679
4,769
Non-current liabilities
Lease liabilities
798
859
Other non-current liabilities
441
460
Total non-current liabilities
1,239
1,319
Total liabilities
5,918
6,088
Total equity attributable to equity holders of the company
9,720
9,172
Non-controlling interests
51
52
Total equity
9,771
9,224
Total liabilities and equity
15,689
15,312
 
Extracted from the Condensed Consolidated statement of Comprehensive Income under IFRS for: 
(Dollars in millions except per equity share data)
3 months endedSeptember 30,2023
3 months endedSeptember 30,2022
6 months endedSeptember 30,2023
6 months endedSeptember 30,2022
Revenues
4,718
4,555
9,334
8,999
Cost of sales
3,271
3,170
6,481
6,315
Gross profit
1,447
1,385
2,853
2,684
Operating expenses:
   Selling and marketing expenses
213
185
429
378
   Administrative expenses
234
221
463
439
Total operating expenses
447
406
892
817
Operating profit
1,000
979
1,961
1,867
Other income, net (3)
60
65
117
145
Profit before income taxes
1,060
1,044
2,078
2,012
Income tax expense 
309
295
603
574
Net profit (before minority interest)
751
749
1,475
1,438
Net profit (after minority interest)
751
748
1,475
1,437
Basic EPS ($)
0.18
0.18
0.36
0.34
Diluted EPS ($)
0.18
0.18
0.36
0.34
NOTES:
The above information is extracted from the audited condensed consolidated Balance sheet and Statement of Comprehensive Income for the quarter and six months ended September 30, 2023, which have been taken on record at the Board meeting held on October 12, 2023.A Fact Sheet providing the operating metrics of the Company can be downloaded from www.infosys.com.Other income is net of Finance Cost.As the quarter and six months ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures reported for the previous quarter might not always add up to the six months ended figures reported in this statement.IFRS-INR Press Release : https://www.infosys.com/investors/reports-filings/quarterly-results/2023-2024/q2/documents/ifrs-inr-press-release.pdf
Fact sheet: https://www.infosys.com/investors/reports-filings/quarterly-results/2023-2024/q2/documents/fact-sheet.pdf
Logo: https://mma.prnewswire.com/media/633365/Infosys_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/infosys–highest-ever-large-and-mega-deal-wins-with-tcv-of-7-7-billion-lay-solid-foundation-for-future-301954967.html

Continue Reading

Artificial Intelligence

Sendbird Unveils Easy-to-Use AI Chatbot Tailored for Small Businesses

Published

on

sendbird-unveils-easy-to-use-ai-chatbot-tailored-for-small-businesses

SEOUL, South Korea, Feb. 28, 2024 /PRNewswire/ — Sendbird, a leading communications platform for web and mobile apps, has launched its AI chatbot, designed for easy setup and tailored to help small-to-medium-sized businesses (SMBs)  in various customer-facing sectors like e-commerce and healthcare. This affordable, no-code solution aims to enhance customer engagement and support. Businesses can access an AI chatbot starter package offering features such as chatbot personas creation, knowledge enrichment, workflow integration, and performance tracking analytics, all without requiring technical skills.

Furthemore, Sendbird has unveiled a developer-centric Pro package, which simplifies mobile app integration and provides more workflows and function calls for third-party software connections. These connections empower the AI chatbot to expand its capabilities and improve the competitiveness. For instance, the AI chatbot can offer personalized recommendations for flights, accommodations, or products.
Sendbird’s no-code AI chatbot seamlessly integrates with Sendbird Desk, its in-app chat customer service solution, providing businesses with a unified sales or support desk. This integration boosts automated efficiency while maintaining a nuanced understanding of human support, leading to swifter, more accurate responses and increased customer satisfaction.
Built on a real-time communication platform trusted by industry leaders like Rakuten, Paytm, Traveloka, Carousell, PayPay, Yahoo, DoorDash, Krafton, Sendbird’s AI chatbot ensures seamless integration with both websites and mobile applications. This enables businesses to streamline support processes, save time, and allocate resources effectively, exceeding customer expectations.
Sendbird CEO and Co-founder John S. Kim emphasizes the importance of making AI accessible to SMBs, stating, “Today, large enterprises and consumer brands effectively use AI to engage with their customers. But there is no way for a small company to compete. What we aim to do with our no-code AI chatbot is to make that technology accessible to SMBs.”
To explore the benefits firsthand, businesses can access a free trial of Sendbird’s AI chat bot at sendbird.com/products/ai-chatbot. Additionally, to enhance superior customer support and engagement further, go to Sendbird Desk at sendbird.com/products/customer-support.
About Sendbird
Sendbird is the all-in-one communication platform empowering web and mobile applications with customizable user experiences. Sendbird’s cutting-edge APIs unlock the potential of AI-powered chatbots, one-way notification messages, chat, video calls and live streaming, tailored for use in commerce, marketing, and exceptional customer support. Trusted by industry leaders such as Rakuten, Paytm, Traveloka, Carousell, PayPay, Yahoo, DoorDash, and Krafton, Sendbird powers over 7 billion interactions monthly for over 4000+ applications worldwide.
Photo – https://mma.prnewswire.com/media/2345983/Sendbird_Korea__Inc__Photos_attached_to_press_releases_20240220.jpg

View original content:https://www.prnewswire.co.uk/news-releases/sendbird-unveils-easy-to-use-ai-chatbot-tailored-for-small-businesses-302069747.html

Continue Reading

Artificial Intelligence

Vieworks Unveils Cutting-Edge X-ray Imaging Solutions at ECR 2024

Published

on

vieworks-unveils-cutting-edge-x-ray-imaging-solutions-at-ecr-2024

ANYANG, South Korea, Feb. 27, 2024 /PRNewswire/ — Vieworks, a leading provider of medical and industrial X-ray imaging solutions, is gearing up to showcase its innovative lineup at the European Congress of Radiology (ECR) 2024, scheduled from February 28 to March 3 in Vienna, Austria. Vieworks will introduce a range of groundbreaking solutions including the VXvue software with AI diagnostic support for both human and veterinary applications, alongside X-ray flat panel detectors (Hall X3, Booth 324).

At the exhibition, Vieworks will unveil a total of 19 products, featuring 15 static and dynamic flat panel detectors accompanied by dedicated image acquisition software. Particularly noteworthy will be the introduction of the enhanced VXvue software integrated with AI diagnostic support solutions. 
Vieworks’ large-format and large-area detector products (VIVIX-S 1751S, VIVIX-S 4747V) are designed to optimize full-spine, half-body, and large-area imaging, offering static image detectors capable of capturing wider area images in a single scan compared to conventional models, thereby reducing patient radiation exposure. With advantages such as high resolution and swift image acquisition, these detectors enable more efficient diagnosis.
In addition to these innovations, Vieworks will showcase a variety of its flagship products, including FPDs for general radiography (VIVIX-S V, VIVIX-S F series), portable C-arms and fluoroscopy applications (VIVIX-D series), and digital detectors for breast examination (VIVIX-M series).
Developed in-house by Vieworks, VXvue is a user-centric image processing software designed to post-process clinical images acquired through X-ray detectors. With recent enhancements, VXvue can analyze X-ray clinical images of animals such as dogs and cats, providing abnormal findings related to musculoskeletal and thoracic diseases within 15 seconds. By offering post-processing of images along with information on the location of ailments and their probability, VXvue is poised to significantly improve the diagnostic process for veterinarians.
VXvue also offers advanced solutions for human application, incorporating the ‘PureImpact™’ technology, a high-performance image processing algorithm that enhances image clarity, and AI. This enables detailed depiction of soft tissue and skeletal structures with minimal radiation exposure.
A Vieworks spokesperson stated, “This year, we will continue to invest in innovative technologies such as AI to advance our product diversification and technological sophistication. Through these efforts, we aim to secure loyalty from our key customers in North America and Europe and expand our market share.”
ECR, regarded as one of the world’s largest congresses alongside the Radiological Society of North America (RSNA), anticipates participation from over 240 companies representing 35 countries.
About Vieworks Co., Ltd.
As a global leader in digital imaging in various applications from medical x-ray imaging to industrial x-ray inspection, Vieworks offers the most advanced x-ray flat panel detectors and software as a solution to the world. Vieworks creates new standards in the imaging industry by providing professionals with the most valued and high-quality images and offering innovative vision and insight for all. For more information, please visit xrayimaging.vieworks.com.
Photo – https://mma.prnewswire.com/media/2345973/03_FW_set.jpg

View original content:https://www.prnewswire.co.uk/news-releases/vieworks-unveils-cutting-edge-x-ray-imaging-solutions-at-ecr-2024-302073224.html

Continue Reading

Artificial Intelligence

Geotab Brings Conversational AI to Connected Transportation Solutions at Mobile World Congress

Published

on

geotab-brings-conversational-ai-to-connected-transportation-solutions-at-mobile-world-congress

Demonstrates Geotab Ace with AI capabilities to interpret complex data with natural-language processing – a game-changer in connected vehicle transformationEnables fleets to make faster data-driven decisions based on safety, route planning, maintenance schedules, sustainability, and moreVisit us for the Geotab Ace demo on the Ontario Canada exhibition in Hall 7, 7G61, Kiosk 11 at MWC
BARCELONA, Spain, Feb. 27, 2024 /CNW/ – Geotab Inc. (“Geotab”), a leading connected vehicle technology provider, will demonstrate its industry-first generative AI assistant for connected transportation, Geotab Ace, at Mobile World Congress. Geotab Ace is fueled by data-led AI processing capabilities analyzing more than 75 billion data points daily across global telecoms networks. Deeply integrated into MyGeotab, Geotab Ace instantly generates insights, while democratising and streamlining access to information to unlock new value from fleet data. 
Geotab Ace was launched earlier this month at Geotab Connect, with the first public demonstrations of the AI copilot being debuted at Mobile World Congress. Geotab Ace has access to an expansive array of insights, including predictive safety analytics, predictive maintenance, trip data, zone activity, electric vehicle statistics, exception events, GPS tracking, and more. This allows it to provide nuanced answers to a broad range of complex questions while remembering past interactions to improve future responses. Geotab Ace is built on privacy-by-design principles and keeps all customer telematics data within Geotab’s environment, never shared with any Large Language Model (LLM).
Enhancements to the user experience include tailored insights through intuitive dialogue with natural language processing – allowing organizations with fleets to extend on-demand insights in areas including safety, operations, maintenance, efficiency, and sustainability to assess the performance of their vehicles, assets, drivers, and more in simple, easy-to-understand terms.
Fleets can now significantly reduce the time taken to gain insights and access customized data reflections that are tailored to their specific needs, enhancing their capacity and expediency for making data-driven decisions.
“By bringing the intuitive simplicity of conversational AI directly into the Geotab platform, we are transforming the way fleets interact with their data, crafting a future where insights are immediate, intelligent, and instrumental to success,” said Edward Kulperger, Senior Vice President, Geotab EMEA. “It embodies our mission to simplify data analysis and unlock a world of trustworthy, insightful and actionable fleet intelligence.”
Geotab’s position as an industry trailblazer is reinforced by its 4 million globally connected vehicles, 50,000 customers across 160 countries, and an extensive telecoms carrier and partner network. This depth of expertise and global scale enables the company to develop unprecedented AI models, unlocking unmatched value and efficiency for fleets around the world.
Geotab Ace will be available to be experienced hands-on in the Ontario (Canada) Pavilion in Hall 7, 7G61, Kiosk 11 at Mobile World Congress from February 26 – 29, 2024.
To learn more about Geotab Ace, visit https://www.geotab.com/uk/ace/..
About GeotabGeotab is a global leader in connected transportation solutions. We provide telematics — vehicle and asset tracking — solutions to over 50,000 customers in 160 countries. For more than 20 years, we have invested in ground-breaking data research and innovation to enable partners and customers, including Fortune 500 and public sector organizations, to transform their fleets and operations. With over 4 million subscriptions and processing more than 75 billion data points a day, we help customers make better decisions, increase productivity, have safer fleets, and achieve their sustainability goals. Geotab’s open platform and Marketplace offers hundreds of third-party solution options. Backed by a team of industry-leading data scientists and AI experts, Geotab is unlocking the power of data to understand real-time and predictive analytics — solving for today’s challenges and tomorrow’s world. To learn more, visit www.geotab.com, follow @GEOTAB on Twitter and LinkedIn, or visit the Geotab Blog.

View original content:https://www.prnewswire.co.uk/news-releases/geotab-brings-conversational-ai-to-connected-transportation-solutions-at-mobile-world-congress-302073127.html

Continue Reading

Trending