Tag Archives: artificial intelligence

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Transmetrics AI solutions to be used by DB Schenker in Bulgaria to calculate volumes, goods flow, and the rationality of land connections

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SOFIA, Bulgaria, 25-Jan-2022 — /EPR INTERNET NEWS/ — Transmetrics, a state-of-the-art AI platform developed exclusively for the supply chain, announces today that their artificial intelligence (AI) algorithms have been employed by DB Schenker, a global leading logistics provider, to adopt a new approach for the leader’s domestic land transport in Bulgaria. One of the key aspects of the project was achieving faster transit times for groupage shipments and improved vehicle utilization.

This significant change in the company’s Bulgarian setup successfully involves AI methods such as neural networks, Bayesian models, and stochastic optimization. In addition, the implementation of modern processes has been carefully developed to meet ever-growing customer expectations and to benefit the supply chains within the country and beyond. The changes involve new international connections as the company’s branch office in Sevlievo, North Central Bulgaria, becomes a transportation hub for the country and several European and Caucasus trade lanes.

In order to achieve that, Transmetrics and DB Schenker worked closely together to configure multiple network scenarios and run various ‘what-if’ simulations. Based on different demand growth projections and various network parameters, the powerful AI algorithms could measure the efficiency and resilience of numerous network setups’. Comparing these, the project teams identified the best possible way to adjust the network infrastructure and the most optimal linehaul plan.

“This project is a solid milestone for Transmetrics as it ensures that our proprietary AI algorithms can provide the right tools to power up strategic logistics planning. With ever-increasing demand, it is important to rely on data-driven business decisions, and we are thankful to DB Schenker for the opportunity to work together on such an exciting project”, adds Dimitar Pavlov, Head of Business Development at Transmetrics.

“We are confident that by completing this project, using AI and new simulations, and taking into consideration the requirements of the market, we have significantly improved our network setup in Bulgaria,” says Zoran Lazoroski, Managing Director of DB Schenker in Bulgaria and North Macedonia. “We have optimized our internal traffic and domestic lines to be much more efficient, in many different aspects, including reducing our ecological footprint.”

About Transmetrics
A leading provider of AI solutions for the logistics industry, Transmetrics optimizes transport planning by leveraging the power of predictive analytics and machine learning. Transmetrics combines the strengths of humans with those of AI, ensuring the highest operational benefits, and reducing the environmental impact of logistics. Its unique approach analyzes, models, and predicts transport flows with very high accuracy. The unrivaled advantage comes from having strong experience in both the technical (Big Data and Predictive Analytics) and domain (Transport and Logistics) areas. Its products have brought significant benefits to the top-tier logistics companies worldwide that have experienced an up to 25% reduction in transport costs while increasing their fleet utilization up to 14% and maintaining high service levels.

About DB Schenker and DB Schenker in Bulgaria
With around 74,200 employees at more than 2,100 locations in over 130 countries, DB Schenker is one of the world’s leading logistics providers. The organization in Bulgaria, Schenker EOOD, operates since 1993 and employs over 340 people at seven locations in the country with logistical and warehousing capacities of more than 35000 square meters. The company offers land, air, and ocean transportation services, as well as comprehensive solutions for logistics and global supply chain management from a single source.

SOURCE: EuropaWire

B2b, Data Centres, Database, Internet, News, Online, Services, Software, Web

Newly launched data platform InterconnectDATA partners with S&P Global, Statista, and the IDX Indonesia stock exchange

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BANDUNG, Indonesia, 5-Dec-2021 — /EPR INTERNET NEWS/ — PT. Teknologi Cakra Internasional has taken its commitment to authentic data to the next level with its launch of the new platform InterconnectDATA. This is yet another fascinating addition to the big data space that will enable many people to access timely insights. Teknologi Cakra Internasional has carefully studied the big data space and concluded that the future lies in insights. That is why they created InterconnectDATA, a platform that enables global businesses and professionals to find the necessary information to aid their decisions in business.

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It is an open secret that big data is crucial to the next global developmental phase. With this picture in mind, InterconnectDATA is stepping up as a business information platform in Asia that helps industry professionals streamline their business offerings. The business information platform has since its launch become a go-to for authentic data.

Its core values guide Teknologi Cakra Internasional in delivering excellent service to its clients. From innovation, agility, loyalty, and even collaboration, Teknologi Cakra Internasional explains, “we question conventional wisdom and challenge the status quo. If there is a better way, we’ll find it. We’re excited By ingenuity and thrilled to try Something new. – We are also fast and flexible, dynamic and adaptive, in Delivering pragmatic and Value-based solutions to Succeed in our business.”

To realize the vision for InterconnectDATA, Maya Miranda Ambarsari, a commissioner, Andreas Reza, the president commissioner, and Rany Fardiany, the Chief Executive Officer, worked tirelessly to launch this authentic data platform. They explain, “It started with a big question. How to find authentic data and information platforms to make the best decisions. With the answers to these questions presenting limitless opportunities, InterconnectDATA was born.”

Forming strong partnerships in the industry has helped propel InterconnectDATA and their parent company Teknologi Cakra Internasional to the forefront. They have managed to partner with S&P Global, Statista, and the IDX Indonesia stock exchange. Iwan Ridwan, the Chief Technology Officer explain, “We work with partners around the world from individual Employers and regional startups to multinational enterprises In the public and private sectors, government, and communities.”

As the new age of technology continues to lay claim on every industry, Artificial Intelligence is increasingly seeping into data and analytics. This has enabled platforms like InterconnectDATA to provide smart ways for industry professionals to gather insights around funding, acquisitions, events, and news in their industry or area of interest. The platform is geared towards speeding up the business journey and helping people better adapt as guided by authentic data. This is especially true for those with an interest in the Bursa Efek Indonesia. “We’re with you in every step of your business journey. By knowing authentic information throughout our recommendations and insights, you will continually make the best decisions.” With Teknologi Cakra Internasional handling the Information Technology side of things, InterconnectDATA is fully immersed in becoming a big data analytic platform that will change data consumption in the world. The platform’s growing popularity is a testament to the need for comprehensive data on private and public markets for various professionals. “When curiosity meets innovation, the world around us moves forward,” states CEO Rany Fardiany.

SOURCE: EuropaWire

B2b, Database, News, Online, Programming, Services, Software

Transmetrics’ AI-powered demand forecasting and predictive optimization platform deployed by Egyptian shipping company Transmar

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CAIRO, Egypt / AMSTERDAM, The Netherlands, 31-Mar-2021 — /EPR INTERNET NEWS/ — The ‘AI platform for logistics’, as Transmetrics is often referred to, is successfully streamlining operations at Transmar, a leading carrier of containerized cargo between Egypt and its key partners in the region. Transmetrics’ demand forecasting and predictive optimization platform is powered by artificial intelligence and machine learning algorithms.

With four decades of experience and a strong operational presence in Egypt, KSA, UAE and Sudan, Transmar has built a solid reputation in the market, founded on family values that drive the company’s ambition to offer the best in class service to its customers. Transmar owns and operates a large fleet of both dry and refrigerated containers, serves thousands of customers, and moves hundreds of commodities throughout the Middle East.

“We strongly believe in the power of Data. Transmetrics’ AI solution helps us leverage our 4 decades of operational experience, to make decisions both faster and smarter. As a regionally focused carrier we are more exposed to volatility. We’re excited about the capabilities Transmetrics will provide by helping see up to 12 weeks into the future, ensuring we have optimum planning and repositioning plans” said Ahmed el Ahwal, Commercial Manager at Transmar. In a recent study, the Boston Consulting Group (BCG) estimates that repositioning empty containers in the shipping industry costs €13 to 17 billion per year (US$14 – 19 billion), which adds up to 8% of a shipping line’s operating costs.

Transmetrics software provides daily rolling AI-driven forecasts for the next 10 to 12 weeks based on the cleansed historical data and relevant external factors influencing the demand. The planning and system optimization tools suggest an optimal and actionable plan for the repositioning of empty containers as well as storage for the next 12 weeks. This also takes into account all the related costs. Stevedoring, gate costs, etc. as well as other variables, and business constraints. The system is equipped to consider repair and maintenance as cost variables which is now work in progress and being co-developed with Transmar.

“We are thrilled to announce this new partnership with Transmar. It goes to show that the AI revolution in logistics is happening worldwide. I look forward to the results we will achieve together with the great team at Transmar” said Jon Fath, CEO of Transmetrics. “This requires deep knowledge of logistics processes because it is still a very hands-on business. Big Data methods, which are used in our product, support our client’s team in finding smarter ways to reposition their assets so that the Transmar local agencies have the right amount containers available when they need it.“

“Transmetrics’ solution helped our team to more accurately allocate our assets. Its monitoring tools and automated forecast result in improved turntime of our assets. Actually, it is a Double Win: our customers benefit from even better services and our team gets state-of-the-art support from AI,” El Ahwal said.

Transmetrics and Transmar also identified a number of next steps to further increase the benefits of Transmetrics solutions such as cabotage management functionality and a management dashboard. The dashboard will include cost reporting and is expected to show how the supply chain will look like for the next 3 months due to its predictive capabilities. “After implementation, Transmetrics is still giving us very professional and pleasant customer service, being open for discussions on product enhancements and being always available for questions and corrections on the data or on the logic where it is needed”, said Hossam Houta, Asset Manager at Transmar.

SOURCE: EuropaWire

B2b, eCommerce, Internet, News, Online, Services, Software

Anna Mossberg, Silo AI: svenska företag riskerar att förlora sin konkurrensfördel utan AI

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STOCKHOLM, Sverige, 10-Feb-2021 — /EPR INTERNET NEWS/ — Anna Mossberg, den nyutnämnda MD:n för Silo AI Sweden, tror att svenska företag riskerar att förlora sin konkurrensfördel utan AI. I sin nya roll siktar hon på att lösa de två stora utmaningarna som hindrar införandet av AI, brist på förståelse och svårigheten att hitta talang.

”Som styrelseproffs diskuterar jag dagligen med C-nivån. Företag har AI och digitalisering i sina strategier, men väldigt få har en vision om hur AI kan förändra deras verksamhet. Med AI kan man accelerera sin väg mot framgång men man måste börja experimentera och faktiskt göra saker, inte bara prata om att göra saker.”, säger Mossberg.

Endast 16 procent av de nordiska CXO:erna anser att de har en mycket god förståelse för hur AI kommer att påverka deras affärsmodell, enligt en ny rapport från McKinsey*. Tidigt införande av AI kan enligt McKinseys uppskattning fördubbla ett företags kassaflöde till 2030 jämfört med företag som inte använder sig av AI.

”Företagen som är ledande inom AI vet vilken typ av talang som behövs. En av de viktigaste drivkrafterna bakom Silo AIs förmåga till att leverera förstklassiga AI-lösningar har varit ett obevekligt fokus på att anställa de skickligaste talangerna inom området, och det är vad vi nu kan erbjuda de svenska företagen.”, Kommenterar Mossberg.

Mossberg har under större delen av sin karriär arbetat inom tech- och telekombranschen på bolag som Telia, Deutsche Telekom och Google. Hennes senaste operativa roll, innan Silo AI, var som affärsområdeschef på Google Sverige. Sedan dess har hon arbetat i styrelser i flera ledande nordiska företag, såsom mediekoncernen Schibsted, ledaren inom varumärken för den nordiska dagligvaruhandeln, Orkla, och Swedbank samt det schweiziska telekomföretaget Swisscoms styrelse.

Silo AI, ursprungligen från Finland, har blivit Nordens största privata AI-laboratorium med 130 AI-experter på tre år. Silo AI grundades av bland andra professor Peter Sarlin och ex-Nokia CTO Tero Ojanperä, och siktar på att bli det ledande europeiska AI-företaget och överbrygga klyftan mellan banbrytande AI-talang och konkreta affärsproblem.

* How artificial intelligence will transform Nordic businesses. McKinsey & Company: https://www.mckinsey.com/~/media/mckinsey/featured%20insights/artificial%20intelligence/how%20artificial%20in…

Silo AI

Silo AI är det största privata AI-labbet i Norden. Vi är en pålitlig partner, och med hjälp av artificiell intelligens stärker vi våra kunders konkurrenskraft i deras produktutveckling. Vi bygger AI-baserade lösningar och produkter för att möjliggöra självkörande fordon, industri 4.0 samt smarta enheter, nätverk och städer. Silo AI ger sina kunder unik tillgång till AI-expertis i världsklass samt infrastrukturen Silo OS, som accelererar AI-utveckling och -produktionssättning. Silo AI grundades 2017 och är på god väg att bli Europas ledande AI-företag med kontor i Helsingfors, Åbo, Uleåborg, Stockholm, London och Palo Alto.

SOURCE: EuropaWire

B2b, B2C, eCommerce, Internet, News, Services, Web, Web Marketing

Offorte’s AI Textwriter automates the writing of business proposals

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BREDA, The Netherlands, 21-Jan-2021 — /EPR INTERNET NEWS/ — Discover how business proposals almost write themselves with the use of Artificial Intelligence in a new update from Offorte.com. Proposal software Offorte makes it easy to create business proposals using the new artificial intelligence functionality, which helps you write proposal texts.

The new tool generates texts composed based on your limited personal input. You can create a company, product, and service description, plus the option to rewrite your texts. Use the system to generate ideas and brainstorm together for a perfect result. Staring at an empty screen is a thing of the past.

Behind the screen, the most advanced AI technology in the world is used to your advantage. This AI model aims at producing natural language and is trained by reading trillions of words and sentences online. The technology is still in its beta phase and cannot yet substitute a human touch, but it comes close to the desired result. Business proposals feature many nuances, all of them essential to win a contract, and to process it in your bid, you need to look at it and fine-tune your text. The AI Textwriter helps to inspire, create and automate.

For Offorte, this is the beginning of a new chapter with new possibilities to help our clients even more in the process of writing a proposal. Each business has its unique driving power and character. Using data and analysis, it becomes possible to gain more insight into what works and what doesn’t, creating a proposal that retains its identity. Thereby you achieve better results and save a lot of time.

The ultimate goal is a scenario whereby an account manager explains the main points of a sales pitch, the client’s interests, and what the proposal must contain as parameters. The system then automatically creates a perfect proposal and provide further support in the sales process. Things haven’t progressed so far yet, but with the new Offorte’s AI Textwriter, steps are made in the right direction.

SOURCE: EuropaWire

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Syniti expands collaboration with SAP to help customer’s move to SAP S/4HANA

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BOSTON, MA, U.S.A., 20-Oct-2020 — /EPR INTERNET NEWS/ — Syniti, a leading Enterprise Data Management company, today announced its latest strategic collaboration with SAP Data Management and Landscape Transformation (DMLT) Services for customers moving to SAP S/4HANA via selective data transition (SDT).

SAP’s Data Management and Landscape Transformation (DMLT) Services is a dedicated service provider within SAP for data migration and management. They assist customers moving to SAP S/4HANA using a defined approach and best practices for a smooth overall transition. Their expertise covers all transition paths to SAP S/4HANA and their DMLT Migration Workbench now includes SAP Advanced Data Migration by Syniti™Â for customer specific transition scenarios.

“We’re excited to increase our collaboration with SAP and provide even more ways to accelerate customers seamlessly to SAP S/4HANA,” said Kevin Campbell, CEO of Syniti. “The combination of DMLT expert services and Syniti’s certified software significantly improves clients’ experience and accelerates their value when moving to SAP S/4HANA.”

This strategic collaboration between DMLT leveraging SDT and Syniti’s certified software, provides customers the best of greenfield and brownfield approaches for accelerating SAP S/4HANA deployments for any application environment with a trusted, flexible and fast way to migrate. This offer is available now and you can read SAP’s press release here for additional information.

“This SAP solution is envisioned to increase customer value more than any other solution in the marketplace and ensure the customer’s move to SAP S/4HANA will be completed with the best-in-class data quality, speed, savings, predictability and efficiency,” said Stefanie Kuebler, Global Vice President of Data Management & Landscape Transformation at SAP. “This combination of Syniti’s powerful software and SAP’s premium services, provides customers the highest degree of customer success, best-in-class software and expert services.”

Syniti is a leading Enterprise Data Management company and certified SAP Solution Extension (SolEx) partner, whose software is resold by SAP with deployment options available on premise or in the cloud. Projects using SAP Advanced Data Migration by Syniti are recommended by SAP and experience significant savings, such as:

  • 303 percent three-year return on investment with an average eight-month payback on investment
  • 46 percent faster completion of data migration projects
  • 96 percent reduction of unplanned downtime

According to an IDC White Paper, sponsored by Syniti and SAP, “The Business Value of SAP Advanced Data Migration by Syniti” was published June 2020 and is available for download at http://www.syniti.com/businessvaluestudy.

SOURCE: EuropaWire

B2C, eCommerce, Internet, News, Online, Search, SEM, SEO, Services, Traffic, Web, Web Marketing

Base Element, Cognigy partnership will enable the design and implementation of cutting-edge conversational AI solutions for clients and their brands

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LONDON, 16-Nov-2018 — /EPR INTERNET NEWS/ — Base Element, a European digital agency, and Cognigy, a leading conversational AI platform software provider have entered to a strategic partnership agreement. This partnership will enable the design and implementation of cutting-edge conversational AI solutions for clients and their brands. The teaming up of Base Element and Cognigy will provide marketers with valuable tools to drive customer engagement and increase conversions, while maintaining meaningful relationships with their audiences through conversational AI interfaces.

“Brands are dynamic and living organisations. Conversing with their clients and prospects needs to be an organic process rather than just an engagement metric on a dashboard. It is a vital part of the customer experience,” Antonis Neocleous, Co-Founder and Director of Base Element, pointed out. “We have been deeply committed to enabling our clients to provide a consistent brand experience across touch points. Partnering with Cognigy, a pioneer in conversational AI technology, significantly supports this commitment.”

Cognigy’s partner ecosystem is at the heart of value creation for clients. They operate as a trusted advisor to both enable and guide clients to realize their potential and to assist them in implementing solutions to seize new opportunities. According to Cognigy’s spokesperson, “This includes understanding what it means to build a conversational practice, as well as how to configure, extend and maintain successful conversational AI projects. The team at Base Element know both the data and experience management space very well. We have a lot of confidence in what they can develop, execute and deliver.”

SOURCE: EuropaWire