Artificial Intelligence
Foresee A Vista of Future Life! 2021 CE Summit Opens in Guangzhou
From sweeping robots to wearable devices, from 8K UHD images to panoramic 3D video; from immersive meetings to intelligent education… The consumer electronics industry, as a technology-driven industry, is reshaping a new vista of life.
Guided by the People’s Government of Guangzhou Municipality, the CE Summit, sponsored by Asia Data Group and supported by the IFA Berlin and its Guangzhou subsidiary, was held at the Four Seasons Hotel, Guangzhou on September 22-23. Centering on the development trend of the global consumer electronics industry, the conference focuses on the innovative development in many fields such as innovation in household appliances, IoT-based home life, display technology development, environment and health appliances, smart manufacturing, digital economy, artificial intelligence, and VR/AR.
With the theme of “New Consumerism”, this conference includes the main forum of “Consumer Electronics Leadership Summit 2021- Leading a Better Life” and two parallel forums. Leaders, experts and scholars, well-known corporate executives, and investors in the consumer electronics industry worldwide discussed the many future possibilities in the consumer electronics field, as well as the industry’s influence on social reality in various dimensions.
Industry “barometer”: Chinese solutions to a better life
The “14th Five-Year Plan” pointed out that developing the digital economy and promoting the digital-industry integration are important driving forces behind the upgrading of consumption in China. As an important part of the digital economy, the consumer electronics industry reaches a critical stage of innovation and development in China.
Zhang Yi, CEO and chief analyst of iiMedia Group, conducted big data-based analysis and found that there will be limited scope for growth if the consumer electronics industry keeps advancing along the existing line.
“These industries can almost have a new life with the assistance of 5G and AI,” reminded Zhang Yi. “Those who achieved glorious results in the past few years should take note that new technological innovations will be game-changing in this industry.”
Lin Min, a professor and master supervisor of Guangzhou Academy of Fine Arts, offered an “formula” for industrial development: IoT+AI+5G+Xs =User Experience 3.0. He explained: “The future pattern is no longer limited to the experience of a single product. Instead, all new technologies will be combined. Therefore, in the 5-10 years to come, we must pay more attention to user experience at the level of connection.”
In terms of practice, how do practitioners view the industry prospects? Many entrepreneurs said that China’s consumer electronics industry has been at the forefront of the world in terms of industrial transformation, becoming a “barometer” with Chinese characteristics. This covers innovation in household appliance, IoT-based home life, display technology development and other fields.
3Glasses, the first Chinese company that deals with virtual reality and mixed reality, offers “User Experience 3.0” through the connection of product devices and user experience.
“5G is not a goal, but a process of technological evolution, application and integration.” In the eyes of Wang Jie, founder and CEO of the company, the carrier and technology path are ultimately to meet user needs.
For example, users of 3Glasses X1S glasses enjoy a private theater. As the glasses are compatible with computer, mobile phone, 3DOF gamepad and other devices, users can easily make interaction and operation in the virtual reality environment.
To meet increasingly diverse user needs, the consumer electronics industry is required to make technical breakthroughs and grasp new trends. In this process, China’s consumer electronics industry pursues a new industrial pattern to provide “Chinese solution” for a better life.
Paul Gray, senior research manager of Omdia, gave an analysis from an overseas perspective and found that due to the pandemic, the demand for home entertainment devices grows significantly. The changes in consumer behavior in the past year are equal to the sum of those in the preceding five years. In China, mature products such as televisions see a trend of “increase in both quantity and prices.”
“Many Chinese brands have pulled off transformation. In the second quarter of this year, sales volume of Chinese brand’s TVs overseas exceeded domestic sales.” Paul Gray mentioned that “Overall, Chinese brands are increasingly competitive in the global market, with a growing influence.”
Industry “accelerator”: Global elites focus on change and innovation
How long does it take to complete the process from preparing ingredients to cooking food to cleaning kitchen utensils? Intelligent cooking robot gives the answer: after the user presses a button, the meal can be served in 5 minutes, and automatic cleaning can be completed in 2 minutes. Fu Sheng, general manager of Fukonn Vanguard, demonstrated through corporate practice that helping machines learn to think is a trend for the consumer electronics industry.
Gao Yan, head of intelligent hardware products of DMAI, said that they look forward to progressing AI applications from the level of perception and simple recognition to the cognitive level, and enabling the machine to think like a human. “We hope to construct computing architecture with this cognition so that artificial intelligence completes higher-level AI applications,” said Gao Yan frankly.
In the consumer electronics industry, “change” has become a key word in the new round of global competition. According to the Report on China’s Consumer Electronics Industry in 2021 released by iiMedia Research at the Conference:
From the perspective of consumer profile, young people aged between 22 and 40 years have strong spending power, and their consumption accounts for over 80% of consumer electronics. From the perspective of spending amount, it is not necessarily the best to fix as high a price as possible, but the consumer electronics sector has a strong purchasing power. In terms of products, quality and performance are top considerations for consumers. Storage space for mobile phones and tablets is also very important.
In terms of the changing trend of the industry, eight guests interpreted the new policies, new technologies, new applications and new developments in the field of audiovisual technology at the first parallel forum “Have Fun: Audiovisual Industry Forum 2021” held on the afternoon of the 22nd.
Due to the pandemic, we see robust progress in the combination of livestreaming and consumer electronics. New models such as livestreaming + e-commerce, livestreaming + office, and livestreaming + healthcare see great development, and online and offline integration picks up speed. Liang Yingwei, vice president of POLYV, analyzed how to progress from the routine livestreaming led by video technology to true collaboration in the new era of office work.
In addition to the impact of consumer electronics on social life, the participants also discussed the evolution of the industry and the change of ideas. In recent years, the industry enters a new stage of audiovisual upgrading thanks to the unprecedented ultra-high-definition technology. Gao Shan, senior deputy general manager of Sharp Ultra HD Industry Research Institute, introduced how 8K Ultra HD technology can bring more capital and market attention to the industry.
“We hope to build a platform for technical exchange and product interaction, promote the matchmaking of technology, talents, capital, services, and upstream and downstream channels, speed up industry incubation, and help create a new industrial structure featuring information technology and intelligent connectivity,” said Zhu Dongfang, representative of the organizer and President of Asia Data Group.
After the event on the 22nd, participants will cover market segments and experience scenarios, and explore the prospects and opportunities of the small household appliance industry at the “Small Home Appliances Session 2021: Post-epidemic Home Life Era” parallel forum held on the 23rd.
SOURCE Asia Data Group
Artificial Intelligence
Global Insurance Provider Selects 3CLogic to Streamline AI and Contact Center Capabilities with ServiceNow
Multinational Insurance Broker to deploy 3CLogic’s solution with ServiceNow’s Financial Service Operations (FSO) platform to streamline customer experiences.
ROCKVILLE, Md., April 25, 2024 /PRNewswire/ — 3CLogic, the leading Conversational AI and Contact Center solution for ServiceNow®, today announced its selection by a global insurance provider to replace its existing contact center infrastructure as part of a larger CX transformation effort. The strategic decision is designed to complement the organization’s use of ServiviceNow’s Financial Services Operations (FSO) offering leveraged across a number of its existing product lines including Customer Warranty Claims, Roadside Assistance, and Home Warranties.
Serving millions of customers worldwide with innovative insurance and protective products, the organization required a solution that would enhance its recent investment in the ServiceNow platform as it works to transform its end-to-end customer service operations. The deployment will incorporate several of 3CLogic’s AI-powered capabilities purpose-built for ServiceNow, including Conversational AI, Speech Analytics, and AI Performance & Coaching, along with integrated call transcriptions, convenient 2-way SMS, and ServiceNow-centralized contact center reporting.
“We continue to see enterprises eager to complement their existing investment in digital platforms, such as ServiceNow, with contact center features purpose-built to extend the workflows and features they already have and use,” explains Matt Durkin, VP of Global Sales at 3CLogic. “It’s no secret that organizations are already juggling too many systems, often with overlapping capabilities, which impacts ROI and operational efficiency. We’re proud to offer an alternative approach that helps simplify the technology stack while optimizing the overall operational costs and outcomes.”
Recently named to Constellation Research’s 2024 Shortlist for Digital Customer Service and Support, 3CLogic has seen global adoption of its solution by leading enterprises in healthcare, manufacturing, travel, retail, higher education, finance, non-profits, and Managed Service Providers across five continents. As a ServiceNow-certified Technology and Build partner with offerings available for ServiceNow’s IT Service Management, Customer Workflows, HR Service Delivery, and Source-to-Pay solutions, the company will be unveiling its latest set of capabilities at ServiceNow’s annual Knowledge 2024 event this May in Las Vegas.
For more information, please contact [email protected].
About 3CLogic3CLogic transforms customer and employee experiences with its leading Cloud Contact Center and AI solutions purpose-built to enhance today’s leading CRM and Customer Service Management platforms. Globally available and leveraged by the world’s leading brands, its offerings empower enterprise organizations with innovative features such as intelligent self-service, generative and Conversational AI, agent automation & coaching, and AI-powered sentiment analytics – all designed to lower operational costs, maximize ROI, and optimize each interaction across IT Service Desks, Customer Support, Sales or HR Services teams. For more information, please visit www.3clogic.com.
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View original content:https://www.prnewswire.co.uk/news-releases/global-insurance-provider-selects-3clogic-to-streamline-ai-and-contact-center-capabilities-with-servicenow-302127739.html
Leading Breast AI Company, creator of industry-leading Transpara®, promotes from within for new CEO
NIJMEGEN, Netherlands, April 25, 2024 /PRNewswire/ — ScreenPoint Medical, today announced a significant transition in its leadership as Mark Koeniguer, the current CEO, steps down from his position. Mark served as CEO since 2022 and was instrumental in ScreenPoint’s commercial growth and success over the past 2 years.
The company’s Board of Directors has appointed Pieter Kroese as the new Chief Executive Officer effective April 25, 2024. Pieter takes the role after serving as COO of ScreenPoint for over five years. During that time, he has managed the transition of the company from an early startup to a thriving enterprise with hundreds of customers using ScreenPoint’s flagship Transpara software to support millions of scans a year.
“I am thrilled to lead ScreenPoint into its next phase of growth and innovation,” said Mr. Kroese. “I am deeply committed to building upon the strong foundation we have and continuing to work closely with our talented team to drive continued success. We are already expanding screening capacity and capability through proven reader support – we look forward to increasing our ability to support providers and women moving forward.”
Sir Michael Brady, Chairman of the Board at ScreenPoint Medical and a co-founder of the company, expressed enthusiasm about Pieter’s appointment, stating, “Pieter’s remarkable leadership qualities, coupled with his depth of knowledge of our product and industry, make him the perfect choice to lead ScreenPoint into the future. His strategic mindset and commitment to excellence align perfectly with our company mission of early breast cancer detection. Pieter has been an integral part of our growth to date and will provide seamless leadership through this transition into our next chapter for our customers, partners, and team.”
Author of “No Longer Radical” and over a hundred peer-reviewed publications on breast imaging, Dr. Rachel Brem is a Transpara user and ScreenPoint Board Member. Dr. Brem welcomed Mr. Kroese with the following: “Pieter has been an integral part of the ScreenPoint team for years. I am confident that his leadership will continue to deliver product excellence: earlier detection with outstanding reading workflow and improved patient outcomes. We continue to see these results from clinical sites all over the world, including many here in the United States. No other Breast AI solution has demonstrated the same results as Transpara, and I am confident that the team will continue to push on these frontiers under Pieter’s leadership.”
The entire team at ScreenPoint extends its gratitude to Mark Koeniguer and wishes him every success in the future, while warmly welcoming Pieter Kroese into his new role as CEO.
About ScreenPoint Medical
ScreenPoint Medical translates cutting edge machine learning research into technology accessible by radiologists to improve screening workflow, decision confidence and breast cancer risk assessment. Transpara is trusted by radiologists globally because it has been developed by experts in machine learning and image analysis and updated with user feedback from world-renowned breast imagers.
See all the proof at: https://screenpoint-medical.com/evidence.
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WESTFORD, Mass., April 25, 2024 /PRNewswire/ — The growing need for automation, technological developments, and long-term cost reductions are driving a robust expansion in the worldwide robotics market. SkyQuest projects that Global Robotics Market size is poised to grow from USD 41.50 Billion in 2023 to USD 126.96 Billion by 2031, at a CAGR of 15% during the forecast period (2024-2031).
Download a detailed overview:
https://www.skyquestt.com/report/robotics-market
Browse in-depth TOC on the “Robotics Market”
Pages – 202Tables – 64Figures – 75Robotics Market Overview:
Report Coverage
Details
Market Revenue in 2023
$41.50 billion
Estimated Value by 2031
$126.96 billion
Growth Rate
Poised to grow at a CAGR of 15%
Forecast Period
2024–2031
Forecast Units
Value (USD Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
Application, End Users, and Region
Geographies Covered
North America, Europe, Asia Pacific, and the Rest of the world
Report Highlights
Collaborative Robotics
Key Market Opportunities
Prompting Several Industries to Adopt Automation Technologies
Key Market Drivers
Increasing Demand for Automation
Surge of Automation is Supporting Growth of Robotics Industry
The industrial sector is generating high revenues for the global robotics market owing to extensive automation in manufacturing, which increases productivity and lowers overall production costs. Assembly line, painting, and welding robots have become essential, thereby propelling substantial market expansion in the automotive, electronics, and heavy duty sectors. Due to the increased usage of robots for non-manufacturing functions such as customer service, shipping, and healthcare, the services sector is expanding quickly. This rapid growth is being driven by technological improvements and the push for automation in services.
Surge in Advance Robotics is Bolstering Market Growth
The use of robotics in manufacturing processes is growing, and innovation in this field is happening quickly worldwide. By increasing productivity, efficiency, and precision, advanced robotics technologies—such as AI-driven automation systems and collaborative robots, or cobots—are transforming the manufacturing sector. The dominance of manufacturing in the worldwide robotics market is fuelled by the integration of robotics into manufacturing facilities, which helps businesses remain competitive in today’s dynamic market scenario.
Rising Interest in Service Robotics is Driving Demand for Robotics in Asia Pacific
Due to the strong demand for industrial and service robots in the region, Asia Pacific now leads the global robotics industry. China, Japan, and South Korea are among the nations that have made significant investments in the robotics sector recently. The Middle East and Africa are anticipated to register the fastest-growing rate for the global robotics market. The expansion is ascribed to the region’s growing adoption of automation technology, especially in the manufacturing and logistics industries.
Request Free Customization of this report:
https://www.skyquestt.com/speak-with-analyst/robotics-market
Drivers:
Increasing Demand for AutomationAdvancements in AI and Machine Learning TechnologiesRestraints:
High Initial InvestmentsLack of Skilled WorkforceProminent Players in Global Robotics Market:
FANUC America Corporation (US)Epson Robotics (Japan)Staubli International AG (Switzerland)YRG Inc. (US)Comau S.p.A. (Italy)Northrop Grumman Corporation (US)Honda Motor Co., Ltd. (Japan)Seiko Epson Corporation (Japan)Yamaha Motor Co., Ltd. (Japan)Adept Technology, Inc. (US)View report summary and Table of Contents (TOC):
https://www.skyquestt.com/report/robotics-market
Key Questions Answered in Global Robotics Market Report
How big is the global robotics market, and what compound annual growth rate (CAGR) is it anticipated to deliver between 2024 and 2031?Which industries are fuelling the need for automation and fostering the expansion of the robotics sector?What impact have recent technological advancements and innovations had on the direction of the robotics market?Which well-known companies in the robotics industry are also major players in the global robotics market?This report provides the following insights:
Analysis of key drivers (increasing demand for automation across industries, improved the overall efficiency, productivity of the processes, demand for automation), restraints (high initial investments, difficult for small and medium-sized enterprises to invest, robots, sensors, and other equipment required not delivered), opportunities (advancements in AI and machine learning technologies, new opportunities for the robotics market, perform complex tasks with high accuracy), and challenges (lack of skilled workforce, maintenance of these robotics systems) influencing the growth of robotics marketMarket Penetration: Comprehensive information on the product portfolios offered by the top players in the robotics marketProduct Development/Innovation: Detailed insights on the upcoming trends, R&D activities, and product launches in the robotics marketMarket Development: Comprehensive information on lucrative emerging regionsMarket Diversification: Exhaustive information about new products, growing geographies, and recent developments in the marketCompetitive Assessment: In-depth assessment of market segments, growth strategies, revenue analysis, and products of the leading market players.Related Reports:
Global Service Robotics Market
Global Soft Robotics Market
Global Warehouse Robotics Market
Global Cloud Robotics Market
Global Robotic Welding Market
About Us:
SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.
We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization have expanded our reach across North America, Europe, ASEAN and Asia Pacific.
Contact:Mr. Jagraj SinghSkyquest Technology1 Apache Way,Westford,Massachusetts 01886USA (+1) 351-333-4748Email: [email protected] Our Website: https://www.skyquestt.com/
View original content:https://www.prnewswire.co.uk/news-releases/robotics-market-to-surpass-usd-126-96-billion-by-2031–skyquest-technology-302127230.html
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