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AI Could Unlock £119 Billion Worth of Productivity Annually Across UK Large Enterprises

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New Report Uncovers Large Businesses in the UK Could Save 7.9 Billion Employee Hours Per Year Through the Use of AI
LONDON, July 16, 2024 /PRNewswire/ — Workday, Inc (NASDAQ: WDAY), a leading provider of solutions to help organisations manage their people and money, today published The UK Productivity Gap: How AI can unlock workplace potential, a new report discovering the positive economic impact artificial intelligence (AI) is having as well as its future potential. With the study revealing how a potential £119 billion windfall in productivity for UK enterprises may be unlocked thanks to AI1, the UK could be on the cusp of a seismic shift after struggling to make meaningful productivity growth for a decade and a half, with current productivity levels 24% lower than they would have been had pre-2008 trends continued.2

Further findings from the data reveal the current state of UK productivity and how AI can help:
AI could be the key to solving the productivity paradox: After years of uncertainty over the impact of digital technology and productivity, large businesses in the UK could save up to 7.9 billion employee hours through the use of AI. Individual business leaders could save 1,117 hours per year through the use of AI if it was used to its full potential, equivalent to 140 working days annually, while individual employees could save 737 hours each year, the equivalent of 92 working days.Team motivation must be prioritised, with low engagement hammering productivity: Unengaged employees are the biggest barrier to productivity. With its potential to take on mundane, repetitive tasks, AI could empower everyone to focus on more meaningful and impactful work.Overcoming the trust barrier is essential for effective AI adoption: 93% of both employees and leaders have concerns relating to trust in AI today, according to the report.”Sizeable productivity growth has eluded UK workplaces for over 15 years – but responsible AI has the potential to shift the paradigm,” said Daniel Pell, vice president and country manager, UKI, Workday. “However, AI can only reach its full potential if it is trusted and aligned to business outcomes, which is why Workday AI solutions are designed with transparency, explainability, and reliability from the start. We encourage businesses to take a two-pronged approach when it comes to deploying AI: a concrete analysis of the efficiencies AI can drive, alongside a transparent strategy to tackle the material and cultural barriers to its adoption. As this report reveals, for those that get it right, the results can be transformative for growth.”
Quantifying AI’s Productivity Potential
In an 8-hour workday, the study found employees and business leaders being genuinely productive for 5.8 and 5.9 hours respectively, leaving over a quarter of the day unproductive and not generating business value.
With these lost hours in mind, the role of AI becomes clear. When asked about how much time they expect to save if AI was used to its full potential, both employees and business leaders are bullish. Employees claim 2.9 hours could be saved each day with business leaders predicting almost double this at 4.4 hours.
An additional 2.9 hours of work per day is the equivalent of £11,058 a year of added work for each average employee, based on salaries reported. With over 10 million employees in large businesses across the UK, £119 billion worth of productive work each year could be untapped across UK large enterprises through the use of AI.
Removing Barriers to AI Adoption to Meet Productivity DesiresWhile AI’s potential to transform productivity is clear, barriers to adoption remain. According to leaders, the largest concerns they feel delaying their organisation’s progress in AI are: fears over safety/privacy/bias (38%), needing more time to educate teams (34%) and lack of investment (32%).
These fears and concerns must be overcome in addition to the following obstacles which the data shows are harming organisation’s productivity: unengaged employees (41%), lack of incentives (41%), and inadequate technology (35%).
Of particular concern is the issue of trust in AI, with 93% of both employees and leaders having concerns relating to trust in AI. This underscores the critical need for responsible AI strategies, including comprehensive education and transparent communication initiatives.
For additional information:
Download the report, The UK Productivity Gap: How AI can unlock workplace potential here.Find out more about Workday AI here.Learn about Workday’s approach to responsible AI governance here.Methodology:
The survey was commissioned by Workday and conducted among 750 employees and 500 business decision makers in the UK from large enterprises with 250+ employees. The interviews were conducted online by Sapio Research in March and April 2024 using an email invitation and an online survey.
Results of any sample are subject to sampling variation. The magnitude of the variation is measurable and is affected by the number of interviews and the level of the percentages expressing the results.
For the study of employees, the chances are 95 in 100 that a survey result does not vary, plus or minus, by more than 3.6% percentage points from the result that would be obtained if interviews had been conducted with all persons in the universe represented by the sample. For the study of business decision makers, the chances are 95 in 100 that a survey result does not vary, plus or minus, by more than 4.4 percentage points from the result that would be obtained if interviews had been conducted with all persons in the universe represented by the sample.
About Workday
Workday is a leading enterprise platform that helps organisations manage their most important assets – their people and money. The Workday platform is built with AI at the core to help customers elevate people, supercharge work, and move their business forever forward. Workday is used by more than 10,500 organisations around the world and across industries – from medium-sized businesses to more than 60% of the Fortune 500. For more information about Workday, visit www.workday.com.
Forward-Looking Statements
This press release contains forward-looking statements including, among other things, statements regarding Workday’s plans, beliefs, and expectations. These forward-looking statements are based only on currently available information and our current beliefs, expectations, and assumptions. Because forward-looking statements relate to the future, they are subject to inherent risks, uncertainties, assumptions, and changes in circumstances that are difficult to predict and many of which are outside of our control. If the risks materialise, assumptions prove incorrect, or we experience unexpected changes in circumstances, actual results could differ materially from the results implied by these forward-looking statements, and therefore you should not rely on any forward-looking statements. Risks include, but are not limited to, risks described in our filings with the Securities and Exchange Commission (“SEC”), including our most recent report on Form 10-Q or Form 10-K and other reports that we have filed and will file with the SEC from time to time, which could cause actual results to vary from expectations. Workday assumes no obligation to, and does not currently intend to, update any such forward-looking statements after the date of this release, except as required by law.
Any unreleased services, features, or functions referenced in this document, our website, or other press releases or public statements that are not currently available are subject to change at Workday’s discretion and may not be delivered as planned or at all. Customers who purchase Workday services should make their purchase decisions based upon services, features, and functions that are currently available.
1 Calculated using median respondent salaries, expected time savings achieved with AI and UK government estimates of total workers at businesses with 250+ employees
2 How can the UK revive its ailing productivity?, Economics Observatory, 2024
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World’s 1st Flashlight Experience Store Kicks Off in Las Vegas

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September 15, 2024

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LAS VEGAS, Sept. 15, 2024 /PRNewswire/ — Olight, a brand committed to becoming a global leader in mid-to-high-end flashlights, opened the world’s first flashlight experience store at Fashion Show Las Vegas. On the same day, it hosted a major new product launch event and a fan festival for its loyal customers.

A Retail Revolution
The store adopts an advanced digital retail model that seamlessly integrates online and offline channels. Leveraging cloud computing, big data, IoT, and other cutting-edge technologies, Olight has created a unified system for warehousing, logistics, supply chain management, and retail. This enhances operational efficiency and allows consumers to order online and pick up in-store, offering a more convenient and efficient shopping experience.
“Olight has consistently focused on the U.S. market and achieved outstanding results online. We want our first experience store to not only showcase our products but also serve as a bridge between the online and offline, connecting our brand with our customers,” said Mavis Xiao, CMO of Olight.
New Product Launches
Olight unveiled five new products at the event: Arkfeld Ultra, Baton Turbo, Perun 3, Sphere, and the Arkfeld Pro (Paw Edition). The Arkfeld Ultra uses a new aluminum material, making it one of the toughest and most scratch-resistant flashlights in the world. Olight also used this material to create a special gift for each audience member.
With the release of the Arkfeld Pro (Paw Edition), Olight announced an animal charity project in 13 countries, dedicated to supporting animal welfare for at least two years. For every Arkfeld Pro (Paw Edition) sold, Olight will donate $5 to local animal charities. This initiative aims to raise funds for animal protection and increase social awareness and action.
O-Fan Day: Celebrating the Community
O-Fan Day was a fan festival where Olight expressed its appreciation to the O-Fans, whom Olight believes are the driving force behind the brand’s growth. Olight held a fan award ceremony to recognize fans who have made outstanding contributions to supporting and promoting the brand. Over 200 O-Fans attended the festival, celebrating with Olight’s management, R&D teams, and more.
The Olight Fall Event 2024 was the brand’s most important event of the year. As a brand dedicated to establishing itself as a global leader in flashlights, Olight is bold in breaking the mold. This Fall Event demonstrated Olight’s determination to redefine the flashlight industry through innovation and to promote the development of the entire industry.
About Olight: 
Olight is committed to becoming a global leader in mid-to-high-end flashlights and driving the industry forward. Its diverse product range caters to various scenarios, from everyday carry to outdoor adventures, and is available across Europe, the Americas, and beyond.
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Global AI Summit Calls for Global Action to Guarantee AI Innovation is for the “Good of Humanity”

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1 day ago

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September 14, 2024

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RIYADH, Saudi Arabia, Sept. 14, 2024 /PRNewswire/ — The Global AI Summit (GAIN) in Riyadh concluded on a high, after the summit welcomed more than 30,000 delegates from across the globe over three days. The live stream of the summit, organized by the Saudi Data and AI Authority (SDAIA), received 3.7m views.

Building on the success of previous editions, GAIN 2024 featured more than 450 speakers from 100 countries, participating in 150 sessions. It also witnessed over 25 launches and announcements, and facilitated the signing of over 80 agreements and Memoranda of Understanding (MoUs).
The summit has grown exponentially since its inception in 2020. Its growing prominence reflects the Kingdom of Saudi Arabia’s role in advancing AI capabilities as it positions itself as a global leader in this space.
The key output from the summit was the need for governments and policy makers to take global action to ensure that AI technology evolves for the good of humanity. Central to responsible evolution is an ethical framework and robust governance.
To support the advancement of AI ethics and governance, SDAIA announced the Riyadh Charter of Artificial Intelligence for the Islamic World in collaboration with the Islamic World Educational, Scientific, and Cultural Organization (ICESCO). This promotes ethical AI grounded in Islamic values and principles, as well as sustainable development through international cooperation.
SDAIA has played a pivotal role in forging key collaborations to strengthen local and regional AI solutions, signing MoUs with Microsoft Arabia to develop Arabic language models, IBM for a Center of Excellence in Generative AI technologies, and NVIDIA to scale AI infrastructure across the Kingdom.
The summit also marked several major milestones. Alongside the unveiling of ALLaM, the world’s most advanced Arabic Language Model, other diverse initiatives such as the Global AI Community, the THAKAI Platform, and guidelines for addressing deepfake technology.
Furthermore, the launch of the Generative AI Center of Excellence by the Digital Cooperation Organization (DCO), the agreement to open an International Center for AI Research and Ethics (ICAIRE) as a UNESCO Category 2 Center, further underscored the impact of GAIN 2024.
The summit itself provided the platform for companies from all over the world to showcase the latest AI technologies and innovations, including AI generated avatars, AI generated artwork, and even Robotic bar staff serving beverages.
The summit closed with an inspirational speech from the Director of Saudi Arabia’s National Information Center, His Excellency Dr. Esam Alwagait, in which he thanked participants:
“Your candid perspectives have not only inspired us with the vision of what lies ahead, but have also grounded us in the realities we must face. Together, we have not only imagined the future of AI, but have also made it real by addressing the challenges and identifying the enablers needed to truly unlock its potential.”
He added:
“It has been incredibly inspiring to see the world come together here in Riyadh, united by momentum to make AI work for everyone. The commitment to collaborative action has been evident throughout the summit.” 
The success of GAIN 2024 ensures that the Kingdom’s AI infrastructure will be significantly strengthened and has cemented Saudi Arabia position at the center of global AI.
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Akuvox S567G Smart Indoor Monitor Has Received Google Mobile Service Certification

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2 days ago

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September 14, 2024

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XIAMEN, China, Sept. 13, 2024 /PRNewswire/ — Akuvox has announced its S567G, an indoor monitor powered by Android™, to have received Google GMS certification. This certification ensures full support for Google Services, allowing users to download and update apps directly from the Google Play Store, including smart home control apps. It also enhances system security, protecting against malware and unauthorized access.

GMS certification involves comprehensive testing and approval by Google or a designated 3PL lab, validating security and compatibility to ensure seamless integration within the Android ecosystem. Receiving GMS certification underscores Akuvox’s leadership in the smart intercom industry. Building on its legacy as the pioneer of Android smart intercoms, Akuvox continues to elevate its Android systems with Google’s rigorous certification, offering clients flexible and sophisticated smart intercom solutions. 
The S567G’s GMS certification ensures flawless operation with key Google apps like Chrome, Gmail, YouTube, Maps, and the Play Store. Edward Shi, Product Manager of the S567G, notes, “The positive feedback we’ve received from clients, even during testing, confirms that this device is transforming daily life. It’s more than just an intercom — it’s a versatile tool, even capable of functioning as a small TV. Our team has worked tirelessly to meet the highest standards, and I’m excited to see how it enhances smart living for our users.”
The S567G’s features extend beyond intercom functionality. With four HD speakers and a 1280 x 800 IPS LCD screen, it offers an exceptional audio-visual experience, redefining the concept of an indoor monitor. Whether for entertainment or smart home control, the S567G stands out as a versatile wall-mounted tablet, bringing innovation to every interaction.
About Akuvox
Akuvox is a global leading provider of smart intercom and smart home products and solutions. It is committed to unleashing the power of technology to improve people’s lives with better communication, greater security, and more convenience. Encompassing artificial intelligence, SIP, Android, cloud, security, and other advanced technologies, Akuvox continuously drives breakthrough changes in the industry and creatively delivers an unrivaled portfolio of smart intercom and smart home products and solutions. It has been deployed and used daily in more than 110 countries and regions, meeting customer needs in various vertical markets that range from residential to commercial, from healthcare to public safety.
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