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PR Newswire

Huawei Showcases Intelligent Technologies at InnoTrans 2024

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BERLIN, Oct. 12, 2024 /PRNewswire/ — The 14th InnoTrans took place in Berlin, Germany from September 24 to 27. The theme of the event is “The future of mobility”. At this trade fair, with a focus on digital and intelligent transformation trends in rail transportation, Huawei showcased innovative applications of FRMCS(Future Railway Mobile Communication System), AI, cloud computing, IoT, and other cutting-edge technologies in the rail industry.

Railway, as a complex and huge system that always puts safety first, needs a unified digital and intelligent foundation alongside an industry ecosystem that consists of partners specializing in diverse domains to go digital and intelligent.

Jacky Wang, Vice President of Smart Transportation BU, Huawei, said that the global rail transportation industry is striding toward an era of broadband, cloud, and intelligence. “Aligning with this trend, Huawei has launched a One Cloud, One Network, Multi-Hub Solution to help the railway industry address challenges in network bandwidth, information system integration, and digital and intelligent transformation.”

Leveraging large models, AI, big data, and intelligent algorithms, this solution promotes intelligent upgrades across a wide range of professional domains, including train operation, locomotive, rolling stock. The goal is to help customers build safe, efficient, and green integrated transportation hubs, improving overall railway transportation quality and efficiency.

Jacky Wang emphasized that the reliable FRMCS features high bandwidth, wide coverage, and low latency, and is crucial for implementing broadband across rail transportation. He went on to explain that migrating services to the cloud is becoming increasingly popular as it allows for centralized use of IT resources and unified O&M, which can reduce investment costs.

“Big data and AI technologies tailored to specific scenarios will enhance the value of data, bolster service security, and increase efficiency in production management,” said Jacky Wang.

Currently, the solution has been deployed in various service scenarios like intelligent freight train inspection, intelligent scheduling in EMU depots, and smart railway perimeter detection, resulting in substantial benefits. Huawei’s scenario-specific solutions and partners are going global, too. They are continuously addressing the challenges faced by railway customers and generating value for the industry.

Up to now, Huawei has served more than 300 urban rail lines across 70 cities and more than 180,000 km of railways worldwide.

PR Newswire

Clarivate and Relatable Healthcare Forge Strategic Partnership to Transform Medtech Sales Contracting Process

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Clarivate Medtech Intelligence and Relatable software enhance product data management and competitive conversion efficiency for medtech sales, contracting and pricing teams

LONDON, Sept. 23, 2024 /PRNewswire/ — Clarivate Plc (NYSE: CLVT), a leading global provider of transformative intelligence, today announced a strategic partnership with Relatable Healthcare, a technology company delivering Product Relationship Management (PRM) software to leading medtech companies to drive revenue and workflow efficiency.

Relatable™ is a Product Relationship Management (PRM) platform created for medtech manufacturers and distributors to unlock new competitive conversion capabilities that drive cost-efficient revenue growth. The platform establishes a single source of truth for all information associated with specific products and their direct competitors, populating a data management platform available to contracting, sales, marketing and technical support teams.

Within the Relatable™ platform, customers can now access comprehensive competitive intelligence from Clarivate in addition to product specifications and cross-references, inventory availability, sales collateral, EPP data, chemicals of concern, manufacturing origin, or any custom proprietary data a customer wishes to manage.  This partnership empowers Clarivate and Relatable clients to make confident strategic pricing decisions, streamline sales contracting processes, and enhance contract compliance by offering comprehensive tools and insights to manage the entire contracting cycle effectively. 

Andrew Lee, Vice President Medtech, Life Sciences & Healthcare, Clarivate, said: “At Clarivate, we are focused on expanding our market intelligence and data analytics offering in the medical device and technology sectors while providing powerful workflow solutions that turn data-driven insights into decisions and actions that accelerate growth for our clients. This new strategic partnership enables us to support the industry in getting products to patients faster.”

Joshua Emert, CEO of Relatable Healthcare, said: “At Relatable Healthcare, we are dedicated to creating intuitive software that modernizes how innovative medical device and supply companies leverage product intelligence to drive efficient revenue growth. We are excited to partner with Clarivate and its medtech customers to automate workflows across contracting, sales, marketing and product support. This will enable instant cross-referencing of competitive products in RFP responses, more frequent measurement of contract compliance and proactive discovery of conversion opportunities in the field.”

In an evolving healthcare landscape, medical device and supply companies, along with their distributors, face significant challenges in communicating their product value and offering consultative insights. They also struggle with driving adoption and analyzing market trends effectively. Cost-constrained healthcare providers rigorously evaluate purchasing decisions, comparing devices and supplies in detail. To meet this demand, medtech companies require up-to-date competitive intelligence and advanced software to analyze and communicate tailored portfolio insights for each contracting, sales and conversion opportunity.

This collaboration enables medtech companies to commercialize products and serve Integrated Delivery Networks (IDNs), Group Purchasing Organizations (GPOs), health systems and independent hospitals, surgery centers and clinics, streamlining the entire revenue growth process more efficiently. Combining the deep product-level market knowledge of Clarivate with enterprise software by Relatable Healthcare equips medtech companies with the insights and tools to win new business and drive contract compliance.

About Clarivate

Clarivate™ 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

About Relatable Healthcare

Relatable Healthcare is a technology company delivering pioneering Product Relationship Management (PRM) solutions for the medical device and supply industry. Our data management tools and automated workflows help leading MedTech organizations drive efficient revenue growth across the commercialization spectrum. For more information, please visit www.relatable.io

Media Contact:
Luna Ivkovic,
External Communications, Life Sciences & Healthcare
newsroom@clarivate.com 

PR Newswire

Compete for $150K Prizes: Join Spatial Joy 2024 The Global AR Application Development Championship

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HANGZHOU, China, Sept. 21, 2024 /PRNewswire/ — Spatial Joy 2024 The Global AR Application Development Championship is now open for registration! Organized by Rokid, a global leader in human-computer interaction through augmented reality, this championship invites AR developers globally to harness voice, gesture, and visual AI technologies to create groundbreaking AR experiences. Powered by the self-developed YodaOS-Master operating system, Rokid AR glasses deliver exceptional spatial computing performance.

 

Spatial Joy 2024 The Global AR Application Development Championship

What is Spatial Joy 2024 about？
In September 2022, Rokid kicked off its first AR Application Development Championship. The second championship, held last year in collaboration with Unity and Agora, quickly established itself as the largest AR application development event in China. As Rokid celebrates its 10th anniversary this year, we are excited to present “Spatial Joy,” our newly branded global championship, open to developers worldwide for the first time, and positioned as the flagship event in the AR industry.

Why join Spatial Joy 2024?

  • Compete for a $150,000 prize pool
  • Free access to Rokid AR Lite or Rokid AR studio
  • Discounted rates on purchasing Rokid products
  • Free participation
  • Technical support from Unity and Agora
  • International exposure within the AR industry
  • Opportunity to attend the award ceremony in China

Who can participant?
The championship is open to global AR developers of all levels, including students, independent developers, teams, and professionals across sectors such as healthcare, retail, education, gaming, entertainment, lifestyle, and more.

How to register?
Detailed registration guidelines and requirements are available online at [https://t.rokid.com/iwvwcxkn]. Developers can register and submit their projects through Rokid official website at [www.global.rokid.com].

Spatial Joy 2024 Timeline:

  • Registration Deadline: October 16, 2024
  • Final Project Submission Deadline: November 15, 2024
  • Finalists Announcement: December 27, 2024
  • Award Ceremony: January 11, 2025

About Organizer
Rokid has expanded its global presence, making notable progress in key markets across North America, Europe, and Asia, including a successful campaign on Kickstarter. With a decade of expertise, Rokid has revolutionized AR technology, transforming how users interact with both digital and physical environments.

Join us in shaping the future of AR with Rokid – enter Spatial Joy 2024 The Global AR Application Development Championship Now!

https://mma.prnasia.com/media2/2511602/Spatial_Joy_2024_Video.mp4
PR Newswire

Huawei Launches Over 20 All-New Xinghe Intelligent Network Offerings to Amplify Industrial Intelligence

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SHANGHAI, Sept. 21, 2024 /PRNewswire/ — During HUAWEI CONNECT 2024, Leon Wang, President of Huawei’s Data Communication Product Line, announced more than 20 all-new Xinghe Intelligent Network offerings globally at the summit themed “Xinghe Intelligent Network, Amplify Industrial Intelligence”. These purpose-built offerings contribute to an AI network ecosystem and help customers seize opportunities for intelligent development and maximize intelligent productivity.

Leon Wang, President of Huawei's Data Communication Product Line, delivering a speech
Leon Wang, President of Huawei’s Data Communication Product Line, delivering a speech

With the development of AI technologies, the world is advancing from digital transformation to intelligent transformation. All industries are quickly adopting AI technologies to create new use cases, for example, self-driving cars, intelligent diagnosis and treatment, and intelligent train inspection. All of these are significantly improving the efficiency and experience of our work and daily lives.

The advent of the intelligent era is driving networks into intelligent ones. Huawei has been making joint efforts with partners to lead research and practices of intelligent networks. That’s why Huawei constantly upgrades its Xinghe Intelligent Network offerings to help customers grasp opportunities for intelligent development, build new intelligent network infrastructure, and maximize intelligent productivity in the intelligent era. Key highlights include the following:

  • Xinghe Intelligent Campus focuses on AI-enabled, experience-centric campus network construction, ensuring zero freezing for audio and video applications, zero degradation on services, and zero waiting for interactions.
  • Xinghe Intelligent WAN introduces a wide range of intelligent technologies to intelligently schedule millions of flows and precisely optimize service experience.
  • Xinghe Intelligent Fabric adopts the AI Turbo engine to improve network throughput, enhancing foundation model training efficiency.
  • Xinghe Intelligent Network Security integrates AI technologies into network security detection, accurately and rapidly identifying threats.

To support network solutions in various scenarios, Huawei released more than 20 featured offerings globally. Examples include the industry’s first 100 Tbps fixed-form Ethernet data center switch, the industry’s first 51.2 Tbps liquid-cooled fixed-form data center switch, the industry’s first AI router, high-quality 10 Gbps campus switches and Wi-Fi 7 APs, Intelligent SASE Branch Security Solution, and the industry’s first IP Autonomous Driving Network Solution. All these offerings are designed to help customers with greater business returns.

As the intelligent era calls for intelligent networks, Huawei will continue to drive the development of intelligent networks and upgrade its Xinghe Intelligent Network products and solutions, ultimately helping global customers to stride towards the intelligent era and reap more benefits.

PR Newswire

Global or Bust: 97% of executives say a global presence is required to be competitive in today’s business landscape

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G-P’s 2024 World at Work Report reveals strong alignment between business and talent outlook on global employment, showing there has never been a better time to build a global workforce.

BOSTON, Sept. 18, 2024 /PRNewswire/ — REMOTE FIRST COMPANY — G-P (Globalization Partners), the recognized leader in the global employment market, today announced that more than half of workers (53%) anticipate hitting the job market in the next six months, a third of whom plan to make a move to another state or country to support their career. The launch of G-P’s second annual report on global employment trends underscores the benefits of a global business presence to help businesses and employees thrive in the new era of work.

Companies with a footprint in multiple markets not only have a competitive edge today but more resilience to navigate rapidly changing conditions and future-proof their business. Despite this ambitious outlook, executives worldwide continue to grapple with talent shortages and mounting pressure to embrace and adopt AI technologies.

“There’s never been a better time to build a global team,” said Nicole Sahin, founder and CEO of G-P. “At G-P, we’re at the forefront of the intersection of global employment and AI, empowering leaders to build agile workforces and transforming how companies leverage human potential from around the world.”

According to G-P’s “World at Work: The Future of Global Employment” Report, four out five executives say that finding skilled talent in their existing markets is difficult right now. The majority (72%) are ready to look to other countries to meet their talent needs – a smart move considering 80% of employees want to work for a global company.

Executives are eager for AI to be a solution, with half saying AI can help with predicting business challenges in prospective new markets. The vast majority of employees (92%) are also excited about potential uses for AI, albeit some (34%) are hesitant to use AI at work out of concern their manager would place less value on their work.

Download the G-P World at Work Report here to learn more about the opportunities of global employment and how to get ahead in this new era of work.

Methodology
The G-P survey was conducted by Wakefield Research among 2,000 Executives, (VP+ at companies of 500 or more employees) in three markets: the U.S., the U.K. and Australia; and 4,000 Employed Professionals in six markets: the U.S., the U.K., France, Germany, Singapore and Australia.

About G-P
G-P is the recognized leader in global employment, delivering everything companies of all sizes need to quickly and compliantly build and manage global teams in 180+ countries, regardless of entity status. G-P’s industry leading SaaS-based Employer of Record (EOR), Contractor and Advisor products are backed by more than a decade of experience, the largest team of in-country HR, legal, and compliance experts, and insights from its proprietary generative AI knowledge base.

G-P: Global Made PossibleTM
To learn more, please visit: g-p.com or connect with us via Twitter, LinkedIn, Facebook, or check out our Blog.

PR Newswire

Global AI Summit Calls for Global Action to Guarantee AI Innovation is for the “Good of Humanity”

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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.

Global AI Summit Calls for Global Action to Guarantee AI Innovation is for the “Good of Humanity”
Global AI Summit Calls for Global Action to Guarantee AI Innovation is for the “Good of Humanity”

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.

Media@GlobalAISummit.org

PR Newswire

Vantiva Unveils ONYX, its latest Smart Media Device with Advanced AI Capabilities at IBC 2024

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This high-end Wi-Fi 6 enabled set-top box opens door for range of AI uses cases including event detection within video and image enhancement

PARIS, Sept. 12, 2024 /PRNewswire/ — Vantiva (Euronext Paris: VANTI), a global technology leader enabling NSPs to connect consumers worldwide, today introduced the ONYX 4K Ultra HD Android TV set-top box, the latest AI-enabled platform to be launched by Vantiva. Equipped with an extremely powerful 40K quad-core processor and featuring a 4 TOPS NPU, the ONYX STB is one of the first to incorporate innovative AI capabilities that open the door to numerous next-generation use cases including identifying and locating specific events in video (event detection within video) and image enhancement features such as sharpening (super resolution) or decreasing grain (advanced denoising). The ONYX will be demonstrated at IBC 2024 in Hall 1, Level 2, Balcony Suite 1.BS21, Rai, Amsterdam, Sept. 13 – 16.

“The expansion of AI technology into video delivery is driving further innovations and is set to completely transform the home entertainment sector,” said Leopold Diouf, Senior Vice President of the Product Division at Vantiva. “As the central hub of the home entertainment ecosystem, intelligent set-top boxes, like ONYX, play a crucial role in this AI revolution, enabling the integration of new added value services, such as predictive maintenance and enhanced security for NSPs and more personalized content for consumers. Furthermore, as ONYX supports HDR10, HDR10+ and Dolby® Vision formats, end-users will be able to enjoy a more immersive video experience.”

With the latest, most efficient and highest-performing dual-band Wi-Fi 6 technology, the ONYX allows for video streaming over Wi-Fi with support for IPTV and Over-the-Top (OTT) services such as Netflix, Hulu and Disney Plus. This allows more flexibility and mobility in the placement of the STB. The ONYX is running on Android TV 14 software and is ready for RDK as the bootloader can support both standards. The device is equipped with a quad-core processor, a powerful NPU, Bluetooth 5.2 LE technology and supports the latest Video Codecs H.266/VVC. This makes it a future-proof platform for enhanced services and data analytics features.

The ONYX will have the option for Far Field Voice (FFV) control with up to four microphones. This enables the end-user to have a true ‘lie-back’ experience where they will only need their voice to search or control the volume without having to find and press a button on the remote control. FFV will effectively incorporate smart assistant features into the STB and complement AI functionality as Large Language Models continue to evolve. Vantiva has designed this platform with flexibility in mind so it can be configured to suit the requirements of operators.

The ONYX casing is designed with recycled plastics and uses a USB-C power connector to maximize the re-use of power supply units. Additionally, the Bluetooth 5.2 LE technology enhances audio quality and manages power consumption more effectively, resulting in longer battery life for Bluetooth devices. 

PDF: https://mma.prnewswire.com/media/2502902/Vantiva_EN.pdf

Contacts:

Vantiva Press Relations
press.relations@vantiva.com

Thatcher+Co. for Vantiva 
vantiva@thatcherandco.com

PR Newswire

Altair and Oasys, the Software House of Arup, Establish Joint Development Agreement to Redefine Pre-Processing for Crash and Safety Simulation

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Altair® HyperWorks® with Oasys PRIMER Redefine Safety Simulation Modeling

TROY, Mich., Aug. 21, 2024 /PRNewswire/ — Altair (Nasdaq: ALTR) a global leader in computational intelligence, and Oasys, the software house of Arup, a global collective of designers, consultants and experts dedicated to sustainable development, announced a joint development agreement to deliver an integrated solution for safety simulation modeling in the automotive market. 

Altair and Oasys have announced a joint development agreement to deliver an integrated solution for safety simulation modeling in the automotive market.
Altair and Oasys have announced a joint development agreement to deliver an integrated solution for safety simulation modeling in the automotive market.

This solution will provide customers with a seamless workflow between Altair® HyperWorks®, a world-class design and simulation platform, and Oasys PRIMER, a market leading product for the preparation and modification of crash safety analysis models.

Accessible through the Altair HyperWorks environment, engineers will be able to seamlessly utilize the power of the combined platforms to prepare data for simulations.

“We are delighted to team up with Oasys, whose pedigree and strong market presence in crash simulation has long been admired,” said James R. Scapa, founder and chief executive officer, Altair. “The combination of the power of Altair HyperWorks and Oasys PRIMER will provide customers with an advanced solution for safety modeling.”

“Altair is a leader in the automotive simulation sector, and we look forward to seeing what our customers will achieve with this new solution,” said Peter Young, director, Oasys. “The Oasys Suite provides best-in-class solutions to accelerate and advance crash simulations, and this collaboration with Altair will catapult our joint offer.”

Powered by AI-augmented 3D modeling and visualization tools, and next-gen design and optimization workflows, Altair HyperWorks empowers users to effortlessly manage large and complex models, unveil critical insights, optimize designs, and foster innovation.

The Oasys Suite is a tailored set of tools which support users to analyze, build and share quality models and results with confidence. They are at the cutting edge of pre- and post-processing software and are used by customers worldwide.

For more information about the Altair HyperWorks design and simulation platform, visit https://altair.com/altair-hyperworks. For more information about Oasys PRIMER, visit https://www.oasys-software.com/dyna/software/primer/.

About Altair
Altair is a global leader in computational intelligence that provides software and cloud solutions in simulation, high-performance computing (HPC), data analytics, and AI. Altair enables organizations across all industries to compete more effectively and drive smarter decisions in an increasingly connected world – all while creating a greener, more sustainable future. To learn more, please visit www.altair.com.

About Oasys
Established in 1976 as the software house of Arup, Oasys is a leading commercial developer of CAE solutions. The Oasys Suite plays a pivotal role in enabling users to deliver projects that might not otherwise be achievable without complex analysis. To learn more, please visit: https://www.oasys-software.com/dyna/.

Media contacts

Altair Corporate                                               

Altair Investor Relations

Bridget Hagan                                                 

Stephen Palmtag

+1.216.769.2658                                             

+1.669.328.9111        

corp-newsroom@altair.com                           

ir@altair.com

Altair Europe/The Middle East/Africa                 

Oasys Global Marketing

Charlotte Hartmann                                                    

Katie Smith

+49 7031 6208 0

katie.smith@arup.com 

emea-newsroom@altair.com

Oasys Operations and Support                     

Arup Global Press Team

dyna.support@arup.com                               

Dan Allen

dan.allen@arup.com 
PR Newswire

Yura Co.,Ltd signs MOU with Tata Daewoo Commercial Vehicle for Electrical Design Innovation

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SEOUL, South Korea, Aug. 20, 2024 /PRNewswire/ — Yura Co.,Ltd (CEO Dae Yeol Ohm) has signed a Memorandum of Understanding (MOU) with Tata Daewoo Commercial Vehicle Co.,Ltd (CEO BangShin Kim) to introduce Yura’s advanced e-CAD system, ‘CADvizor,’ for wiring harness design. Through this strategic partnership, Yura Co.,Ltd aims to significantly enhance the efficiency and competitiveness of Tata Daewoo’s wiring harness design process, marking a crucial turning point for the sustainable growth of Tata Daewoo Commercial Vehicle Co.,Ltd.

[From left: Tata Daewoo Commercial Vehicle R&D Director (Myungsik Seo), YURA Co.,Ltd Head of IT Business Division (Jungtae Kang) during the signing ceremony]
[From left: Tata Daewoo Commercial Vehicle R&D Director (Myungsik Seo), YURA Co.,Ltd Head of IT Business Division (Jungtae Kang) during the signing ceremony]

CADvizor is an advanced Electrical CAD software tailored for electrical design, offering specialized libraries and design services essential for creating wiring harness diagrams, particularly for electric vehicles (EVs). This software will elevate the precision and efficiency of Tata Daewoo’s electrical design tasks. Moreover, CADvizor’s diverse modules are designed to innovate and streamline the wiring harness design process, leading to substantial gains in overall efficiency.

This MOU further solidifies the collaboration between Yura Co.,Ltd and Tata Daewoo Commercial Vehicle Co.,Ltd, as both companies combine their technological expertise to develop more innovative and competitive products. Yura Co.,Ltd anticipates that this partnership will lead to significant advancements in the field of electrical design, allowing the company to deliver even greater value to its customers.

PR Newswire

ThroughPut.AI Unveils AI-powered Inventory Management Capabilities to Free-up Working Capital, Grow Revenue, and Expand Margins

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Revolutionary AI-based Supply Chain Decision Intelligence platform launches new inventory capabilities to identify and quantify working capital savings, while predicting and recommending opportunities to accelerate revenue and profitability

PALO ALTO, Calif., Aug. 13, 2024 /PRNewswire/ — ThroughPut Inc., the Gartner-recognized Industrial AI Supply Chain Analytics and Decision Intelligence pioneer, today announced the launch of new inventory management capabilities that empower businesses to drive higher profitability through powerful working capital spend projections, real-time inventory predictions, and dynamic rebalancing and replenishment recommendations.

The current release enables advanced visibility and actionability for businesses to manage their inventory and material movements across all their SKU’s, customers, locations, and supply chain end-points. As a result, they can increase inventory turns, ensure rapid availability of fast-moving products, and reduce safety stock and carrying costs. With these new capabilities, businesses now have the unprecedented availability to unlock capital, improve operational efficiencies, and boost margins. By leveraging ThroughPut’s patented, award-winning AI and Machine Learning supply chain decision intelligence platform on top of their existing diverse data systems, organizations of all types can rapidly pinpoint where capital allocation is insufficient, predict outcomes, and make recommendations enabling them to accelerate goods movement, revenue, and margins.

“ThroughPut.AI’s enhanced working capital management capabilities show our customers where their excess working capital lies, where their operations are underfunded, and projects how these gaps should best be optimized,” explains Seth Page, Chief Operations Officer and Head of Strategic Partnerships at ThroughPut.AI. “With advanced AI algorithms optimizing operations for financial analytics, insights, decision intelligence, and recommendations, we enable organizations to plan the best scenario for inventory spend down to the per SKU, per route, per location, per source, levels, so that they may cater to true demand at all times, whether sudden, seasonal, cyclical, or previously “unpredictable.” You can better analyze, predict and prepare for all these situations and many more by leveraging your existing diverse data systems with operational AI to achieve greater financial results.”

The new release focuses strongly on the following capabilities:

  • Projecting Working Capital Spend Optimization: Leverage powerful algorithms to identify when and where capital is unnecessarily tied-up, or where it needs to be supplemented to optimize flow of goods, cash, and profits.
  • Reducing Spend and Identifying Savings Opportunities: Identify specific SKUs on which spend can be safely reduced to enhance cost savings without compromising on product quality or service levels.
  • AI-powered Predictive Analytics: Get actionable insights, predictions and recommendations – on everything from inventory turnover rates to potential stockouts – to make proactive informed decisions that optimize inventory performance.
  • Advanced Demand Sensing: Move beyond traditional demand forecasting with stale assumptions and old data, and enable more accurate dynamic demand sensing to rapidly respond to shifts in market trends and customer priorities.

With ThroughPut’s latest release, businesses can rapidly segment their product portfolios, identify their best and worst performing products, adapt their product mix to prioritize fast-moving goods with higher contribution margins, and ensure the greater flow of goods, material, and cash.

PR Contact

Tina Jacobs

pr@throughput.ai

About ThroughPut Inc

ThroughPut.AI is a Silicon Valley-based Supply Chain AI-powered Decision Intelligence leader that puts Industrial material flow on Autopilot by leveraging existing Enterprise Data to achieve superior Business, Operations, Financial and Sustainability Results. ThroughPut improves material flow and free-cash-flow across the entire end-to-end value chain far faster than leading contemporary and legacy solutions. The founding team is led by seasoned serial entrepreneurs with real-world AI, Supply Chain, Manufacturing, Transportation and Operational experience, from the shop-floor to the top-floor, at leading Fortune 500 Industrial Companies & pioneering Enterprise Technology companies.

To learn more about ThroughPut Inc, visit our website today.

Additional Resources:

Source: ThroughPut Inc.