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nShift partners with Loqate to help retailers build profitability and loyalty

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Getting deliveries to the right destination accurately and on-time is mission-critical for retailers. It’s why nShift, the global leader in delivery management software, has announced a partnership with Loqate, a GBG solution, the leader in global address verification.
Loqate’s research has found 24% of eCommerce organisations say more than 1 in 10 orders aren’t delivered at the first attempt. Worse still, according to this report, almost three-quarters (73%) of consumers have experienced a delivery failure, with almost one-quarter (23%) indicating they would not order from that retailer again as a result.
nShift and Loqate’s partnership will help retailers to improve first-time delivery rates, ensuring customer satisfaction. Initially, the partnership involves the integration of two different solutions from Loqate.
Customers using nShift Checkout will have access to Address Capture. This integrates directly into a retailer’s checkout enabling real-time, type-ahead address capture from the most curated location data in the world. As well as this, nShift Ship customers can also use Loqate’s global Address Verification solution. This verifies, corrects, and enriches address data to the highest level of precision and confidence, globally and at scale.
Getting delivery information right the first time, every time, is vital for retailers because it leads to considerable benefits including:

Cutting delivery costs – Organizations can avoid huge fees incurred due to failed deliveries caused by inconsistent and incorrectly formatted delivery address data. Inaccurate addresses must be verified, corrected, and enriched to ensure a successful delivery.
Reducing failed delivery – Loqate’s API contact data validation enables nShift customers to flag incorrect email and phone data ahead of a delivery, significantly reducing failed deliveries and the associated costs.
Improving customer experience – Retailers can ensure precise delivery data at checkout, facilitating better informed route planning and last mile operational efficiencies.
Preventing re-labelling costs – Loqate’s address verification solution reformats addresses cutting out the need for costly and time-consuming re-labelling.

Sean Sherwin-Smith, Product Director Post-Purchase, nShift, said, “At a time when customers expect exceptional and personalised service, the ability to gather accurate information relating to delivery is crucial. It not only cuts the cost and time associated with delivery failure, but it helps avoid customer frustration when things go wrong. This is vital for preventing them from shopping elsewhere.”
The partnership with Loqate enables retailers of all sizes to have a best-in-class system for capturing and accurately verifying customer data at the heart of their delivery offering. Furthermore, Loqate’s solutions can integrate with existing ecommerce platforms and payment systems ensuring a speedy and seamless integration.
Kartik Venkatesh, Chief Technology Officer, Loqate, said, “Despite the massive improvements made in retail, many organisations are still struggling to get delivery information right the first time – and the cost is huge. Businesses need complete assurance their delivery data is on top form – after all, better data means better deliveries. Reaching customers on time, every time not only saves time and money but importantly, builds long-term customer loyalty and is key to achieving desired business outcomes.”
For more information on the partnership, please visit https://nshift.com/ or watch our webinar.
The post nShift partners with Loqate to help retailers build profitability and loyalty appeared first on HIPTHER Alerts.

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Eddid ONE and Eddid ONE USA Expand Global Coverage

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Eddid Financial (“the Group”) announces that its intelligent trading application Eddid ONE and the premier US stock trading application Eddid ONE USA* have expanded their global coverage to 22 countries and regions. The apps are now officially launched on Google Play and App Store in respective markets, providing clients with advanced and convenient proprietary intelligent services.
The apps are now available in 22 key global markets across six continents, including Hong Kong, the United States, the United Kingdom, Australia, Taiwan and Japan. Going forward, expansion plans are in place to reach additional emerging markets as the Group continues building out its global network.
Eddid ONE and Eddid ONE USA* have long been favored by the market for their clean interface and versatile functions. Specifically, Eddid ONE includes AI assistants in addition to real-time market data, proprietary trading strategies, research reports etc., but also come with AI assistants. Utilizing big data and AI technologies, the assistants provide personalized intelligent services, including predicting market trends and target stock prices to cater to diverse investor needs.
Clients can now keep abreast of the latest global market developments anytime, anywhere by using Eddid ONE and Eddid ONE USA*. This allows them to enjoy the Group’s one-stop proprietary intelligent trading services no matter where they are. Going forward, Eddid Financial will continue leveraging its leadership in fintech innovation to further enhance Eddid ONE and Eddid ONE USA*, with the commitment to deliver an even more comprehensive, efficient and secure financial services experience.
* *Always consider the risks when investing.
The post Eddid ONE and Eddid ONE USA Expand Global Coverage appeared first on HIPTHER Alerts.

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Gcore Recognised as Highly Commended in the Industry Innovator Category at the EMEA NVIDIA Partner Network Awards

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Gcore, the global edge AI, cloud, network, and security solutions provider, today announced its recognition as ‘Highly Commended’ in the Industry Innovation category at the NVIDIA Partner Network Awards EMEA 2024 for its groundbreaking Speech-to-Text Translator.
The NVIDIA Partner Network Awards celebrate the exceptional contributions of partners exhibiting outstanding efforts, unwavering commitment, and innovative spirit in accelerated computing and AI. The Industry Innovation Award recognises partners who have spearheaded transformation within a specific industry or field.
Gcore used artificial intelligence to launch the first advanced machine learning model for speech-to-text translation from English to Luxembourgish. The model can be used to translate entire recordings for various mediums, including theatre, film, or music, from English into Luxembourgish text – for example, in the form of film subtitles.
Gcore is currently working on enabling real-time translations for use during conferences and events. The company’s future plans also include adding other commonly used languages in Luxembourg, such as French and German, to the translation tool, making speech-to-text translation a key mode of cross-language communication.Speech-to-Text Translator is part of Gcore’s state-of-the-art edge AI solutions, which also include GPU Cloud for AI training and Inference at the Edge for AI inference, all powered by NVIDIA GPUs.
Commenting on the award, Andre Reitenbach, CEO of Gcore, said: “We are delighted to receive this recognition from the NVIDIA Partner Network. Aware of the growing demand from the Luxembourgish public, expats, and local businesses for translation from English to Luxembourgish, Gcore is committed to making communication seamless and efficient. Our groundbreaking AI app for speech recognition sets a new standard, demonstrating our leadership in edge AI services. We are honoured to be acknowledged by the NVIDIA Partner Network for our innovative contribution to the AI landscape.”
“AI fosters communication and connection through its ability to translate across languages,” said Dirk Barfuss, Director of EMEA Channel at NVIDIA. “Gcore is recognized as 2024 EMEA NPN Highly Commended in the Industry Innovator category for its achievements in creating the first advanced speech-to-text translation from English to Luxembourgish, powered by NVIDIA GPUs.”
Gcore’s model was built on Whisper Small – the downsized version of the open-source Whisper model, containing 244 million weights. To meet this substantial demand for computing resources, Gcore used a high-end solution powered by the NVIDIA A100 Tensor Core GPU.
The post Gcore Recognised as Highly Commended in the Industry Innovator Category at the EMEA NVIDIA Partner Network Awards appeared first on HIPTHER Alerts.

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CCI Initiates Study on AI’s Influence on Competition, Efficiency, and Innovation

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The Competition Commission of India (CCI) is gearing up to conduct a comprehensive study on the impact of Artificial Intelligence (AI) on competition, efficiency, and innovation.
This initiative comes in response to the growing significance of AI across various sectors. With the aim of fostering innovation and fair competition, the CCI has announced plans to delve into the evolving landscape of AI and its application in Indian markets.
In a recent announcement, the CCI issued a request for proposal to engage an agency to conduct this market study. The study aims to provide insights into the emerging competition dynamics within AI ecosystems, along with assessing the implications of AI applications for competition, efficiency, and innovation across key user industries.
Key focus areas of the study include understanding the AI ecosystem, analyzing its applications in different industries, evaluating its impact on competition within sectors, and examining the regulatory frameworks governing AI development in India and other major jurisdictions.
Additionally, the study will explore strategies for fostering a competitive environment that encourages both incumbent AI developers and new innovators. It will also address measures for creating awareness among stakeholders regarding AI usage and its implications on competition, alongside ensuring compliance with necessary standards.
To facilitate this study, the selected agency will be tasked with collating existing research and data, as well as engaging with relevant stakeholders. The deadline for submission of bids is June 3, with the opening of financial bids scheduled for June 26.
This initiative underscores India’s commitment to understanding and harnessing the potential of AI while ensuring fair competition and promoting innovation. It aligns with the CCI’s broader efforts to address emerging challenges in the digital economy and safeguard competition in the market.
By conducting this study, the CCI aims to equip itself with valuable insights that will inform future regulatory decisions and strategies related to AI development and its impact on competition dynamics in India.
Source: business-standard.com
The post CCI Initiates Study on AI’s Influence on Competition, Efficiency, and Innovation appeared first on HIPTHER Alerts.

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