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BobNet: Top technology innovations to shape the retail industry in 2024

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LONDON , Dec. 29, 2023 /PRNewswire/ — BobNet, one of the biggest retail automation hardware and software solutions providers in Europe, announces the key trends steering the future of retail — a future centered on prioritizing full automation, revolutionized logistics, marketing and sales.

Fully automated stores Automated retail stores can be defined as the stores which offer unique customers’ experience, allowing them to make a better use of their time than spending large amounts of time within the stores. These automated stores integrate hardware and software automation systems to create fully automated self-service retail, with self check-out for customers, automated instructions, selling, payment and product delivery.Automated stores will be one of the most important smart technology advancements, along with changing customer shopping behavior in retail, powered by the swift progress in connected technologies and automation to revolutionize the new way of shopping.Logistics revolution through advanced softwareAdvanced software-driven networks are becoming imperative for delivery retail, enabling companies to maintain market resilience.Despite initial challenges, quick-commerce is transitioning into a more optimized logistical model, driven by software advancements. If things move fast in food and retail tech, nothing comes close to the speed at which quick-commerce services have evolved in the past few years. Now, the number of players has shrunk enough to make this market healthier, while preparing for continued growth in 2024.Super-convenience stores redefining proximity retailTo support the new optimized system for delivery and automated stores, ultra proximity retail points will evolve to better serve the end consumer, save him time and provide the most efficient retail services right where he needs it. Situated in dynamic urban areas, super-convenience stores will grow in numbers, as part of the mission to provide immediate access to products, saving consumers time while offering improved retail services and delivery.New, exciting technologies and immersive AI for in-store experiencesAutomation doesn’t have to be boring. From guided AI assistance, interactive demonstrations, or gamified experiences, automation technologies will become not only tools for optimizing profits for retailers, but a more exciting experience for end consumers.In 2024, we will see more retailers incorporate virtual assistants or chatbots that guide customers through the store layout, product selection, or provide recommendations, AR/VR experiences, for a hands-on interaction with the products and integrate gamification elements into the store interface to make the interaction more engaging.Products as services. The future of retail is renting, not owningThe surge in renting within the retail sector mirrors changing consumer preferences. Modern consumers will prioritize experiences and access over ownership. More innovative renting business models will start to empower users with the freedom to select, exchange, and experience a diverse array of products tailored to their evolving needs, reflecting a pivotal trend towards responsible consumption.Innovative European retail technology company BobNet anticipates a global impact from these trends in 2024. Backed by NCH Capital, BobNet aiming to be a significant player in the digital transformation and automation in the global retail market, revolutionizing the industry through advanced technologies created to automate sales and logistics processes, offering end consumers a new retail experience and a new way for retailers to expand sales.
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Artificial Intelligence

oToBrite Develops a Compact All-Weather Vision-AI Driver Monitoring System for the Commercial Vehicle Market

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HSINCHU, May 9, 2024 /PRNewswire/ — oToBrite, a leading provider of vision-AI ADAS solutions, has successfully developed a compact all-weather vision-AI Driver Monitoring System (DMS). With a high-sensitivity automotive-grade global shutter image sensor, the system achieves outstanding Quantum Efficiency (QE), providing clear image quality day and night. With oToBrite’s proprietary secondary optical system, the overall combination effectively enhances the accuracy and reliability of the vision-AI algorithm in all weather conditions. The DMS has already been successfully delivered to heavy commercial vehicle manufacturers, mitigating the potential risks of traffic accidents.

oToBrite’s vision-AI DMS utilizes self-developed AI 3D facial landmark technology to identify over 100 driver IDs and recognize driving behaviors, including smoking, phone use, distraction, fatigue. The system remains effective even when drivers wear Level 3 sunglasses or coated glasses, without compromising the detection and recognition capabilities of vision-AI.
The vision-AI DMS features a 940nm infrared and high-QE sensor, coupled with oToBrite’s proprietary optical design, ensuring clear images in strong light conditions (>120K lux) or during nighttime driving. Additionally, oToBrite’s vision-AI technology optimizes facial image quality, ensuring accurate AI recognition whether driving against sunlight, backlight, or through tunnels.
Miniaturization is a significant trend in driver monitoring applications. oToBrite further emphasizes that, compared to many systems on the market requiring multiple LEDs for sufficient illumination, the DMS only needs one LED to meet the system’s image quality requirements. In terms of hardware technology, oToBrite’s secondary optical system adjusts the LED light source to any angle to meet light distribution needs. Concentrating the light source can double the illumination, producing more reliable images for AI recognition. This also reduces optical component usage, enhances image clarity, and saves installation space and system costs.
According to the 2023 market research report by Gii, the DMS market reached $1.3 billion in 2022, with an expected Compound Annual Growth Rate (CAGR) of 8.3% by 2028, reaching $20.8 billion. Currently, several countries are drafting or have implemented regulations, and driven by regulatory demand, oToBrite’s compact all-weather vision-AI DMS has begun mass production, contributing to achieving Vision Zero. Read more: http://www.otobrite.com/en/block/index/99
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 many years of experience as an automotive Tier-1 supplier. Through comprehensive research and development capabilities, oToBrite provides vision-AI algorithms, ECU/domain controllers and automotive-grade/special purpose cameras.
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Artificial Intelligence

OMRON Selects IPfolio from Clarivate

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IP solution maximizes operational efficiency for leading automation company
LONDON, May 9, 2024 /PRNewswire/ — Clarivate Plc (NYSE: CLVT), a leading global provider of transformative intelligence, announced today that OMRON has selected IPfolio™, an intellectual property management software from Clarivate to transform their IP operations. This solution will enable OMRON, a leading automation company to make smarter decisions and plan strategically using IP data and analytical insights.

With IPfolio’s help, OMRON will be able to better manage its IP assets and keep up with the rising number of filings and data volumes, while eliminating manual processes. The IP team at OMRON can enhance their analysis and collaboration with stakeholders by using insightful data visualizations. This can lead to increased productivity, deeper insights, and faster decision-making with confidence.
Gordon Samson, President, Intellectual Property, Clarivate, said, “Our IP Management Software integrates data and services to empower our clients to remove friction, enhance collaboration and make better informed decisions. We are confident that IPfolio will help OMRON simplify the process of managing IP assets across the entire lifecycle.”
About ClarivateClarivate™ is a leading global provider of transformative intelligence. We offer enriched data, insights & analytics, workflow solutions and expert services in the areas of Academia & Government, Intellectual Property and Life Sciences & Healthcare. For more information, please visit www.clarivate.com
Media Contact:Jack Wan, External Communications [email protected]
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First-of-Its-kind Institute of Neurotechnology & Law Launches in the UK

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Most people don’t know that, due to recent groundbreaking scientific advances, existing technology can read thoughts, implant dreams, scan memory, tell if a subject is in love, and hack brains for PIN codes.
LONDON, May 9, 2024 /PRNewswire/ — Announcing the establishment of the Institute of Neurotechnology and Law (INL) – the first organisation of its kind in the world, crafted in response to the swift advancements in neurotechnology and the emerging concerns over human rights and privacy.

The world is about to change. Yet whilst AI steals the headlines, recent extraordinary advancements in neurotechnology have gone largely under the radar.
That is why we have set up the Institute of Neurotechnology and Law.
“We are at a critical juncture in the evolution of neurotechnology. The possibilities for improving human life are immense, yet so are the risks to privacy and autonomy,” stated Founder Harry Lambert. “The Institute of Neurotechnology and Law is dedicated to ensuring these technologies enable human flourishing without compromising our moral and ethical principles.”
The institute has already garnered significant attention, attracting some of the world’s foremost experts in neurotechnology, neuroscience, ethics, and law. These distinguished panellists will collaborate to address the pressing issues at the intersection of technology and human rights, aiming to influence policy both domestically and internationally.
For more information about the Institute of Neurotechnology and Law, upcoming events, and membership details, please visit www.neurotechlaw.com.
Media Contact: [email protected]. 07982678044

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