iQIYI CTO Liu Wenfeng Speaks at Hong Kong FILMART: Technology Empowers Upgrade of iQIYI’s Content Innovation and User Experience

BEIJING, Aug. 31, 2020 /PRNewswire/ — iQIYI Inc. (NASDAQ: IQ) (“iQIYI” or the “Company”), an innovative market-leading online entertainment service in China, is pleased to announce that the Company’s Chief Technology Officer (CTO), Liu Wenfeng, participated in the 24th Hong Kong International Film and Television Market (FILMART) on August 28. At a panel at the event titled “Focusing on the Future of Entertainment and Science and Technology”, Liu spoke about how iQIYI is empowering its entertainment ecosystem through the use of artificial intelligence (AI) and other cutting-edge technologies and their roles in the Company’s global expansion.

The event, which is also known as Hong Kong FILMART, ran from August 26 to 29 and was held online this year amid the Covid-19 pandemic. The four-day virtual content marketplace brought together more than 670 exhibitors from 38 countries and regions, promoting nearly 2,000 film and television production to potential buyers worldwide. 

Technology empowers content innovation and user experience upgrade

iQIYI has long explored the relationships between technology, content and audience experience and in recent years, the application of AI in the fields of vision, voice, and natural language has rapidly developed, putting those relationships under the spotlight in the entertainment industry. “As a technology-based entertainment company, we are committed to providing users with enriched content and premium viewing experiences through new technologies. Advanced technologies such as AI serves as the driving force behind our user-centric entertainment service platform, enabling us to explore innovative forms for content creation, distribution and monetization,” said Liu.

iQIYI has applied AI technology to various aspects of its business including content creation, production, distribution and monetization. For the creation of professional content, iQIYI utilizes AI technologies to analyze performances of actors taken from iQIYI’s massive content library and provides suggestions to casting directors when they are looking for actors by intelligent casting algorithms. Casting directors can use the AI technologies to search and retrieve past performances of target actors from the massive content library, helping highly improve the efficiency during the casting process.

To further improve user experience, iQIYI also launched Qiguan, an AI innovative application product that supports instant recognition and search of video footage. Using AI technology, Qiguan can continuously analyze video content and identify celebrities, cartoon characters, background music and lines in the video to help create an immersive and interactive viewing experience for users. In addition, iQIYI introduced a multi-perspective watching mode for its self-produced variety show Youth With You Season 2. This new feature, powered by iQIYI’s AI angle-switching technology, allows users to simultaneously watch the performance of the over 100 trainees from a view of the whole stage and a separate view that focuses on their favorite trainee. It creates a more personalized and immersive viewing experience, and can deliver a smooth streaming performance on all high, mid- to low-end devices as the capabilities of iQIYI video player is optimized for better adaption.

Technological innovation is one of key competitiveness to iQIYI conquering the international market

After cementing its leading position in the domestic Chinese market through its strong capabilities across technology, content creation and business operations, iQIYI has set its sights on conquering overseas markets. Liu said that iQIYI is attaching greater importance to applying innovative technologies in its overseas expansion, seeing them as one of key competitiveness that will allow the Company to stand out in the global arena.

iQIYI officially commenced its global expansion in June 2019 when it released the international version of the iQIYI App. Five months later, the Company entered into a strategic partnership with Astro, a leading media brand in Malaysia, to kickstart local operations. In addition to its high-quality films and drama series, iQIYI also provides tailored content for local markets as well as technology services such as Qisubo, the Company’s latest developed content delivery network (CDN). Qisubo provides users with the ultimate video-watching experience across different devices such as mobile phones, OTT and virtual reality in a wide range of network settings. Qisubo’s edge computing and storage capabilities can reduce cloud data transfer and locally process video content, allowing overseas iQIYI users to get high-quality content faster and more consistently. To date, content in Blu-ray 1080P and 4K quality have been made available to users in Thailand and Burma on Qisubo.  

“iQIYI aspires to continue accelerating the innovation of content creation, user experience and monetization mode with the dual drivers of cutting-edge technology and high-quality entertainment production, and striving to provide users with a rich variety of viewing forms and interactive content to build a new entertainment ecosystem for iQIYI,” Liu said. 

About iQIYI, Inc.

iQIYI, Inc. is an innovative market-leading online entertainment service in China. Its corporate DNA combines creative talent with technology, fostering an environment for continuous innovation and the production of blockbuster content. iQIYI’s platform features highly popular original content, as well as a comprehensive library of other professionally-produced content, partner-generated content and user generated content. The Company distinguishes itself in the online entertainment industry by its leading technology platform powered by advanced AI, big data analytics and other core proprietary technologies. iQIYI attracts a massive user base with tremendous user engagement, and has developed a diversified monetization model including membership services, online advertising services, content distribution, live broadcasting, online games, IP licensing, online literature and e-commerce.

 

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SOURCE iQIYI, Inc.

919 Marketing Recognized as North Carolina’s Highest Ranked and Fastest Growing PR Agency

RALEIGH, N.C., Aug. 31, 2020 /PRNewswire-PRWeb/ — For the second year in a row, 919 Marketing is recognized as North Carolina’s highest ranked and fastest growing PR firm. The company is ranked for the fifth time on the Inc. 5000 list, the most prestigious ranking of the nation’s fastest-growing private companies. The multi-million-dollar cause and franchise PR agency located just outside Raleigh, experienced an explosive three-year growth rate of 130 percent.

The Real Deal

The ranking is especially meaningful because it highlights the impressive and proven growth of 919 Marketing. The Inc. 5000 rankings are based on audited financial statements and unbiased, documented results.

919 Marketing’s growth is fueled by its award-winning work for an impressive roster of tenured North Carolina cause-marketing and non-profit clients, and new national franchise clients, including startups, emerging franchises, and Fortune 500 companies. The company’s results-driven marketing has become so renowned outside of the state, clients across the country have signed on including a California-based e-bike retailer and manufacturer and a chain of physical therapy clinics out of Kentucky.

Work That Wins

“919 Marketing is thrilled to be the PR and marketing agency of choice for North Carolina and U.S. companies that want to grow their business with our creative and innovative strategies,” says 919 Marketing CEO and founder, David Chapman. “We are extremely proud of our well-earned reputation within the North Carolina non-profit sector and in the national franchising industry that has clients selecting us and staying with us year-after-year as their trusted partner. We continue to accelerate our growth with our proprietary 919 Insights platform, an artificial intelligence analytics tool that provides a roadmap for our content and proof to our clients that our marketing strategies are helping them meet and beat their growth goals. None of this would be possible without our award-winning team of top talent that delivers game-changing results to our clients.”

Our Story

919 Marketing has been serving North Carolina cause-marketing companies and national franchise clients for more than a decade. Services include content marketing and public relations, social media marketing, strategic planning, brand strategy, crisis communications, franchise development, grand opening services, video, commercial and podcast production and a robust data analytics program so clients shift from “I think I know my marketing’s working” to “I KNOW it’s working!”

Major 919 Achievements /Milestones

  • Innovation – 919 introduced its proprietary 919 Insights platform in 2018 and it’s helped dozens of clients catapult their growth and dominate their industries. The data analytics tool identifies content that converts to real business results and uncovers how companies are positioned against competitors.
  • Awards – The company’s full-service video production department has won 6 national Telly awards. Other honors include a One Show award, over a dozen Addy and Davey Awards and numerous public relations accolades. The firm was named one of the fastest-growing private marketing companies by Inc. Magazine five times and twice named Best Places to Work in North Carolina.
  • Top Talent – Over the past decade, 919 has built a robust content marketing team, attracting top-tier talent from network TV newsrooms, boardrooms of the largest international advertising, PR and social media agencies and brand marketing departments of the world’s largest brands.
  • Expansion – With clients across the U.S., 919 now has satellite offices in New York, Massachusetts, Virginia, Florida, Texas and Ohio. The company has grown so much, it recently built another corporate office to house expanding staff.

About 919 Marketing

Formed in 1996 and headquartered just outside of North Carolina’s Research Triangle Park and the capital city of Raleigh, 919 is a national content marketing firm with a proven track record of helping companies increase revenue, create a competitive advantage and improve marketing results. We provide high-powered strategic planning, public relations, social media, digital marketing, video and commercial production, business development support and full creative capabilities- each utilizing proven processes refined over hundreds of client engagements.

Our award-winning staff of marketing strategists, TV and print reporters and social media trail blazers are seasoned experts, providing content marketing firepower to excite, motivate and engage your customers and prospects. 919 clients include non- profit businesses, for-profit startups, emerging growth companies and Fortune 500 corporations from high-tech to health care, hair care and elderly care. 919 Marketing is a proven, go-to source for North Carolina and national companies of all sizes that want to grow their businesses. For more information please contact David Chapman, CEO, at 919- 459-8156 or email at dchapman@919marketing.com. Visit us online at 919marketing.com.

About Inc. Magazine

Founded in 1979 and acquired in 2005 by Mansueto Ventures LLC, Inc. (http://www.inc.com) is the only major business magazine dedicated exclusively to owners and managers of growing private companies that delivers real solutions for today’s innovative company builders. With a total paid circulation of 712,647, Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology. Visit us online at http://www.inc.com.

 

SOURCE 919 Marketing Company

Global Big Data Analytics Market to Grow 4.5 Times by 2025, Powered by Data Security Requirements

SANTA CLARA, Calif., Aug. 31, 2020 /PRNewswire/ — Frost & Sullivan’s recent analysis, Global Big Data Analytics Market Fueling Artificial Intelligence, 2020, finds that the demand for Big Data Analytics (BDA) will surge exponentially. Data security is a prime concern across sectors with the increasing deployment of the Internet of Things and proliferation of devices, which create copious amounts of data. Globally, the BDA market is estimated to grow 4.5 times, garnering a revenue of $68.09 billion by 2025 from $14.85 billion in 2019, up at a staggering compound annual growth rate (CAGR) of 28.9%. Additionally, amid the COVID-19 uncertainty, BDA continues to be a top deployment priority for enterprises as its use will help them remain competitive while accelerating innovation, especially in the healthcare sector to fight the coronavirus.

For further information on this analysis, please visit: http://frost.ly/4fl

“Between the two major segments of the BDA market—data discovery and visualization (DDV) and advanced analytics (AA)—DDV is expected to become more mainstream as organizations realize the importance of data prepping, data management, and data visualization as the foundational building blocks for advanced analytics,” said Deviki Gupta, Information & Communication Technologies Senior Industry Analyst at Frost & Sullivan. “Going forward, AA’s growth is expected to rise dramatically after 2020 as use cases increase and customers grow more comfortable with data analytics overall.”

Gupta added: “From a regional perspective, North America and Latin America (NALA), led by North America, continue to be the largest contributors in the BDA market, followed by Europe, the Middle East, and Africa (EMEA), whereas Asia-Pacific (APAC) is the fastest-growing regional market for BDA. Further, from a vertical perspective, banking and financial services (BFS), government and intelligence (G&I), and retail segments that are focused on risk reduction, security, and drawing intelligence are the biggest revenue-contributing verticals.”

As the market competition increases, BDA vendors look to diversify their product portfolios by offering edge analytics with the benefits of low latency and quick insights. This presents immense growth prospects:

  • Package solutions to address industry-specific use cases such as defect detection and predictive maintenance analytics will be key to add value.
  • Market participants should gain government support, which is a necessary foundational step for a lifelong learning record to exist.
  • Professional development and customer support will be vital to driving the demand for BDA in healthcare.
  • APAC, particularly China, is leading the manufacturing sector as well as the adoption of IoT devices. Thus, China should be a target for BDA vendors looking to expand in this market.
  • Vendors must provide consultative services to help customers understand the correct software and hardware combinations to solve business problems.

Global Big Data Analytics Market Fueling Artificial Intelligence, 2020 is the latest addition to Frost & Sullivan’s Information & Communication Technologies research and analyses available through the Frost & Sullivan Leadership Council, which helps organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future.

About Frost & Sullivan

For over five decades, Frost & Sullivan has become world-renowned for its role in helping investors, corporate leaders and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion.

Global Big Data Analytics Market Fueling Artificial Intelligence, 2020

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Contact:
Francesca Valente
Global Corporate Communications
E: Francesca.Valente@frost.com 
http://ww2.frost.com

 

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SOURCE Frost & Sullivan

Call Journey announces key partnership with Microsoft – significant support from Senior Microsoft key employees

MELBOURNE, Australia, Aug. 31,, 2020 /PRNewswire-PRWeb/ — Call Journey, provider of market-leading Conversation Analytics technology, today announced a new global partnership with Microsoft, focused on providing solutions that enhance all facets of Microsoft solution suite across Business Applications, Azure and Modern Workplace.

The partnership is underpinned with key strategic and tactical programmes across North America, Australian, and New Zealand and will expand quickly in the second half of 2020 to other regions.

Tom Yang, Global Sales Director – Dynamic Customer Service at Microsoft said, “Call Journey has really great technology because of two things: one is because they are really after the outcome, solving challenges that organizations need to overcome and providing qualitative solutions out of voice data to improve customer journey; second is because they have a very flexible platform. Many organizations have consistent needs and wants parsing through voice data and Call Journey technology is flexible enough to adapt to those changes.”

“We have seen an influx of interest in the adoption of our solution even more so during the pandemic as customer and employee insights become more crucial to keeping organizations relevant and competitive,” said Call Journey CEO, Paul Humphrey. “Our partnership with Microsoft has expanded our reach and made our technology available to global organizations who call Microsoft their platform of choice for customer and employee experience management. In partnership with Microsoft and Microsoft Partners, we can help more organizations leverage critical voice data from customer conversations to supercharge performance and make more informed organization-wide data-based decisions.”

Bridging the gap between unstructured audio sources and Microsoft Ecosystem

Call Journey streamlines the process that will now make it easy for customers to analyze their voice interactions in Microsoft’s Ecosystem. Bridging the gap between unstructured audio data and Microsoft Business Intelligence, Call Journey provides an ecosystem that allows Microsoft customers to unlock every conversation to:

  • •    Improve Customer Experience
  • •    Enhance Employee Engagement
  • •    Improve Sales Performance (conversion rate, cross-sell/up-sell, retention/churn prevention, volume)
  • •    Drive significantly higher levels of Customer Insights for activities like Customer Journey Mapping, NPS Root Cause analysis, next best offer, fraud/churn prediction, and management
  • •    Reduce risk for boards and companies by increasing coverage and efficiency to meet regulatory pressures/requirements
  • •    Accelerate and inform bot strategy and bot adoptio

The partnership now makes it easy for organizations to add, consume and curate the rich voice data created in key Microsoft Insights packages such as Customer Insights, Customer Service Insights, Dynamics Marketing and Sales Insights to get a more holistic view of both customers and employees. By adding voice data into the mix, organizations can now deliver consistent and personalized experiences and, in turn, drive impactful organizational outcomes.

Chandra Stevens, Global Director, Customer Insights & Emerging Solutions for Customer Experience at Microsoft said, “Through Call Journey, voice data can be easily consumed in the Microsoft ecosystem. It’s easy to bring it in, connect and combine with other data sources to create a unified customer profile.”

Customers may also choose to extend or customize their data sets straight into Power BI or other visualization platform, establishing a secure way of streamlining data discovery.

About Call Journey

Call Journey is all about Voice Data. Our mission is to unlock every business conversation and add Voice into the broad organizational data mix. Our passionate Conversation experts bring together Natural Language Processing and Artificial Intelligence to create an industry-leading Conversation analytics ecosystem. Using this environment to harness the power of voice data, we’re helping organizations find answers to some of their biggest challenges by delivering insights that directly impact customer experience, business performance, risk management & compliance. For more information, visit http://www.calljourney.com or follow us at our social media pages: LinkedIn, Twitter and Facebook.

 

SOURCE Call Journey

Call Journey Now Available in Microsoft Azure Marketplace and App Source

MELBOURNE, Australia, Aug. 31, 2020 /PRNewswire-PRWeb/ — Call Journey, provider of market-leading Conversation Analytics technology, announces its listing in the Microsoft Azure Marketplace and AppSource online stores for Microsoft customers providing applications and services tailored to specific business needs.

“We have seen an influx of interest in the adoption of our solution, even more so during the pandemic as customer and employee insights become more crucial to keeping organizations relevant and competitive,” said Call Journey CEO, Paul Humphrey. “Our partnership with Microsoft has expanded our reach and made our technology available to global organisations who call Microsoft their platform of choice for customer and employee experience management. In partnership with Microsoft and Microsoft Partners, we can help more organizations leverage critical voice data from customer conversations to supercharge performance and make more informed organization wide data-based decisions.”

Bridging the gap between unstructured audio sources and Microsoft Ecosystem

Call Journey streamlines the process that will now make it easy for customers to analyze their voice interactions in Microsoft’s Ecosystem. Bridging the gap between unstructured audio data and Microsoft Business Intelligence, Call Journey provides an ecosystem that allows Microsoft customers to unlock every conversation to:

  • •    Improve Customer Experience
  • •    Enhance Employee Engagement
  • •    Improve Sales Performance (conversion rate, cross-sell/up-sell, retention/churn prevention, volume)
  • •    Drive significantly higher levels of Customer Insights for activities like Customer Journey Mapping, NPS Root Cause analysis, next best offer, fraud/churn prediction, and management
  • •    Reduce risk for boards and companies by increasing coverage and efficiency to meet regulatory pressures/requirements
  • •    Accelerate and inform bot strategy and bot adoption

The partnership now makes it easy for organizations to add, consume and curate the rich voice data created in key Microsoft Insights packages such as Customer Insights, Customer Service Insights, Dynamics Marketing and Sales Insights to get a more holistic view of both customers and employees. By adding voice data into the mix, organizations can now deliver consistent and personalized experiences and, in turn, drive impactful organizational outcomes.

Chandra Stevens, Global Director, Customer Insights & Emerging Solutions for Customer Experience at Microsoft said, “Through Call Journey, voice data can be easily consumed in the Microsoft ecosystem. It’s easy to bring it in, connect and combine with other data sources to create a unified customer profile.”

Customers may also choose to extend or customize their data sets straight into Power BI or other visualization platforms, establishing a secure way of streamlining data discovery.

Tom Yang, Global Sales Director – Dynamic Customer Service at Microsoft said, “Call Journey has really great technology because of two things: one is because they are really after the outcome, solving challenges that organizations need to overcome and providing qualitative solutions out of voice data to improve customer journey; second is because they have a very flexible platform. Many organizations have consistent needs and wants parsing through voice data and Call Journey technology is flexible enough to adapt to those changes.”

About Call Journey

Call Journey is all about Voice Data. Our mission is to unlock every business conversation and add Voice into the broad organizational data mix. Our passionate Conversation experts bring together Natural Language Processing and Artificial Intelligence to create an industry-leading Conversation analytics ecosystem. Using this environment to harness the power of voice data, we are helping organizations find answers to some of their biggest challenges by delivering insights that directly impact customer experience, business performance, risk management & compliance. For more information, visit http://www.calljourney.com or follow us at our social media pages: LinkedIn, Twitter and Facebook.

 

SOURCE Call Journey

Productivity Management Software Market Size Worth $102.98 Billion By 2027: Grand View Research, Inc.

SAN FRANCISCO, Aug. 31, 2020 /PRNewswire/ — The global productivity management software market size is expected to reach USD 102.98 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 13.4% over the forecast period. The growing demand for workforce management among several businesses, coupled with the need for communication and collaboration between the remote workers, is expected to drive market growth for productivity management software market. The increased adoption of Bring Your Own Device (BYOD), cloud-based SaaS solutions, and enterprise mobility among the small and medium-sized enterprises is expected to propel the demand for productivity management software solutions.

Grand View Research Logo

Key suggestions from the report:

  • The AI and predictive analytics segment is estimated to expand at the highest CAGR of 14.8% over the forecast period owing to the increasing demand various risk analytics solutions for risk mitigation measures and risk identification
  • The cloud segment emerged as the largest segment in 2019 and is anticipated to grow at a CAGR of 17.1% from 2020 to 2027
  • The Small and Mid-size Enterprises (SMEs) segment is projected to expand at the fastest CAGR of 18.3% over the forecast period. Increasing demand for productivity management software from the small and mid-size enterprises is anticipated to support segmental growth
  • North America held the largest market share in 2019 and is expected to account for a considerable revenue share over the forecast period.

Read 110 page research report with ToC on “Productivity Management Software Market Size, Share & Trends Analysis Report By Solution (Content Management & Collaboration, AI & Predictive Analytics), By Deployment, By Enterprise, By Region, And Segment Forecasts, 2020 – 2027” at: https://www.grandviewresearch.com/industry-analysis/productivity-management-software-market

The productivity management software includes collaboration and communication applications, time management and tracking applications, predictive analytics tools, and work management and project management applications. Productivity software management tools are responsible for measuring and analyzing the day-to-day activities of the enterprise workforce.

The COVID-19 pandemic has impacted the team communication and workflow in the organization. Web-based video conferencing tools such as Zoom Meetings, Skype, Google Hangout, Slack and Microsoft Teams and many more have proved to be an incredible tool for team and business calls, and a surge in demand for such applications have been witnessed across many countries.

Moreover, the recent developments in Artificial Intelligence (AI) and Machine Learning (ML) have significantly impacted the productivity management software market. The AI and predictive analytics software are used to make an in-depth analysis of the data, transform it into actionable insights, and maximize the organization’s productivity. Moreover, cloud-based productivity suites implementing SaaS model are gaining traction in the market. The cloud-based software helps to improve connectivity, by making documents, and excels sheets available online, and provides the ability to share real-time data online.

The North America region held the largest share of the overall market in 2019, owing to the presence of several key players such as Oracle, Salesforce, Microsoft Corporation, IBM, Adobe, and Google. The region has the highest adoption of cloud-based productivity management solutions owing to large enterprises and better-connected infrastructure. The Asia Pacific region is the fastest-growing region in the productivity management solution market owing to the high and increasing number of small and medium-sized enterprises having a considerable demand for productivity management software solutions.

Grand View Research has segmented the global productivity management software market on the basis of solution, deployment type, enterprise type, and region:

  • Productivity Management Software Solution Outlook (Revenue, USD Million, 2016 – 2027)
    • Content Management & Collaboration
    • AI & Predictive Analytics
    • Structured Work Management
    • Other Solutions
  • Productivity Management Software Deployment Type Outlook (Revenue, USD Million, 2016 – 2027)
    • On-premise
    • Cloud
  • Productivity Management Software Enterprise Type Outlook (Revenue, USD Million, 2016 – 2027)
    • Small & Mid-size Enterprises (SMEs)
    • Large Enterprises
  • Productivity Management Software Regional Outlook (Revenue, USD Million, 2016 – 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
    • Asia Pacific
      • China
      • Japan
      • India
    • Latin America
      • Brazil
      • Mexico
    • The Middle East and Africa
  • List of Key Players of Productivity Management Software Market
    • Google LLC
    • Microsoft
    • Salesforce.com, Inc.
    • Slack Technologies, Inc.
    • Monday.com
    • IBM Corporation
    • Oracle
    • Zoho Corporation Pvt. Ltd.
    • Adobe
    • HyperOffice.

Find more research reports on IT Services & Applications Industry , by Grand View Research:

  • Trade Management Software Market The global trade management software market size was valued at USD 683.1 million in 2016. It is expected to expand at a CAGR of 8.9% over the forecast period.
  • Wealth Management Software Market – The global wealth management software market size was valued at USD 2.15 billion in 2018 and is expected to register a CAGR of 15.3% from 2019 to 2025. As number of High-Net-Worth (HNW) individuals is growing, they need efficient solutions to manage their wealth.
  • Farm Management Software Market The global farm management software market size was valued at USD 1.03 billion in 2016. Increasing implementation of cloud computing for real-time farm data management is one of the key trends stimulating market growth.

Gain access to Grand View Compass, our BI enabled intuitive market research database of 10,000+ reports

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

Contact:

Sherry James
Corporate Sales Specialist, USA Grand View Research, Inc.
Phone: +1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com 
Web: https://www.grandviewresearch.com

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SOURCE Grand View Research, Inc.

Commerce.AI Named TiE50 Award Winner at TiEcon

SUNNYVALE, Calif., Aug. 31, 2020 /PRNewswire/ — Commerce.AI is excited to announce that it has been selected as a 2020 TiE50 Winner in the prestigious TiE50 Awards Program. This 10-year-old awards competition is a program of TiEcon, the world’s largest conference for tech entrepreneurs. Commerce.AI was recognized for its leadership in AI solutions for commerce. 

“We are excited to be recognized as a TiE50 winner. I would like to congratulate our team for their hard work and dedication. I would also like to thank our customers for their trust in us. With online commerce accelerating at an unprecedented rate, it creates a unique opportunity for businesses to use AI to tap into the data generated online. We are at the forefront of the AI revolution in commerce,” said Andy Pandharikar, CEO of Commerce.AI.

“TiE50 again attracted high-potential startups bringing innovation from different parts of the world. Besides the recognition associated with the TiE50 award, this year, TiE50 also partnered with Meet the Draper’s, a ground-breaking reality show to give an opportunity to some companies to pitch to the show,” said Kamal Anand, TiE50 Program Chair.

“For over 28 years as a not-for-profit organization dedicated to fostering entrepreneurship and with a global footprint of a half-million entrepreneurs, enterprise executives, and investment professionals, at TiE Silicon Valley, we take pride in the fact that we have created TiE50, a strong 10-year-old brand for recognizing high-potential startups,” said B.J. Arun, President, TiE Silicon Valley.

About Commerce.AI

Commerce.AI was founded with the mission to harness the power of artificial intelligence to change the way commerce is done. Ninety-five percent of today’s data is unstructured, in the form of text, voice, images and video. When the AI starts to truly understand this data, it can empower the humans to do what we are best at – to build great products and services and sell with confidence.

About TiE50

Now celebrating its tenth year, TiE50 Awards provides a one-of-a-kind showcase for the world’s top technology and technology-enabled startups. TiE Silicon Valley’s premier annual awards program is keenly contested by thousands of early- to mid-stage startups of all sizes representing a wide range of verticals. Applications are rigorously reviewed by a panel of judges including venture capitalists, angels, successful entrepreneurs, and corporate executives. Since its inception, 84 percent of TiE50 winners and top startups have been funded at a total of over $1 billion. Many of these companies went on to acquisition or IPO, with 29 of the exits at over $100 million. The TiE50 Awards will be presented virtually to the winners during a ceremony on Sept. 3. More information here.

Media Contact:
Lysa Mattson
Phone: 408-641-0781
Email: lysa@commerce.ai

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SOURCE Commerce.AI

Early Access for Accredited & Capital Gain Investment into Next Generation High Growth and Social Impact Startups via the Verte OZ Opportunity Zone Fund

COLLEGE PARK, Md., Aug. 31, 2020 /PRNewswire-PRWeb/ — Verte OZ Fund provides early access for accredited & capital gain investors into the next generation of High Growth and Social Impact Startups. The Fund, which is currently raising a Series A round of $10 million, to give investment access to inaccessible OZ-VC Startup Deals, most of which have never been available to investors before. Venture Capital investments in Opportunity Zone Funds may yield substantial capital gains and such gains can be shielded from federal and state taxes through investment into a qualified OZ fund.

The Verte Opportunity Zone Fund is a Venture Capital fund that is unique among OZ funds because it is solely focused on developing operating businesses impacting Opportunity Zones. It is founded by social impactful and transformative entrepreneurs seeking to invest in other similar like-minded entrepreneurs. Verte Opportunity Zone’s business insight comes from over 60 years of firsthand venture capital analysis, business execution and investment experience. More than just providing business’s capital, the Fund’s expert financial management supports its portfolio companies by capital raising, strategic advice, and business development. The Fund’s business model, which is supported by experience in prior funds, is that entrepreneurs favor working other entrepreneurs as investors. Their executive team has a proven track record of founders, venture investors and exits generating above average returns to their investors, and overall experience in portfolio fund management.

The 2020 business investment year for the Verte Opportunity Zone Fund has reached a “Tipping Point” as Startup Opportunity Zone Fund business investments have picked up steam recently due to several driving forces. Guidelines from the SEC and the IRS have been finalized. Capital gains investors are now seeking alternatives to the OZ real estate deals. Verte OZ is seeing increased interest from OZ investors as the Fund has a solid foundation by already completing its first investments, and these investments have set the tone for the next generation companies that the Fund is able to attract. All at the same time, the Fund has established an opportunity zone investment platform that scales and grows exponentially as startup and market opportunities present themselves.

The fund is looking for “High Growth & High Return on Investment” businesses that address targeted customer needs by producing innovative products and services. These start-ups are the disruptive social impact companies that will create future recurring revenue streams and create jobs and generate economic growth in Opportunity Zones.

“We are dedicated and disciplined to thoroughly research Opportunity Zone Investments in businesses that can consistently outperform and grow at high levels,” said Verte OZ CEO, Leonard Mills. “Our continued investment focus will be on early stage, disruptive, social impact and transformative Opportunity Zone Startup companies.” The Fund is currently completing its $10 million Series A round this year and is seeking accredited Opportunity Zone Fund capital gain investors to fill the remainder of this raise.

Current Portfolio Companies

In addition to its high-growth Venture Strategy, Verte and its portfolio companies impact the OZ communities by having a measurable economic impact through OZ business and OZ wealth creation as well as providing for the three pillars of economic growth in OZs: committed capital, workforce development, and innovation.

The Verte OZ Fund portfolio is currently comprised of five revolutionary, industry-leading, qualified opportunity zone businesses (QOZBs):

Visit Verte OZ website for more information on each company at https://VerteOZ.com.

Galen Robotics

Galen Robotics is a qualified opportunity zone business that focuses on establishing a new surgical robotics platform for microsurgeries that combines robotics, AI, and data analytics, which could revolutionize minimally invasive surgeries. The company recently moved from Silicon Valley to a Baltimore City Opportunity Zone and will be creating hundreds of jobs there.

Galen Robotics is expanding upon research conducted at the Laboratory of Computational Sensing and Robotics of Johns Hopkins University. The company’s robotic platform will assist surgeons in a variety of microsurgical procedures. Galen’s robotic surgical assistant revolutionizes such microsurgeries by reducing fatigue and hand tremors associated with long and complex microsurgeries. In addition, the robots serve as information systems improving the accuracy of procedures and pathology diagnostics in the future. Verte’s investment in Galen Robotics was recently recognized as a Best Practice in OZs by the White House Revitalization Council.

Fortress Media Storage

Fortress Media Storage is a three-dimensional, next generation data storage device company that uses revolutionary and industry-disruptive crystal and holographic technology. The technology developed at Fortress Media Storage will be commercialized and is intended to outperform Hard Disk Drives and FLASH technologies by scaling density of the non-volatile storage and Input / Output operations exponentially.

With its establishment in an Atlanta OZ community, Fortress Media Storage intends to create hundreds of manufacturing, engineering, and science skilled jobs. Fortress will be developing the workforce of future through its STEM programs at several Atlanta-based universities.

SOZ EV

SOZ EV is a collection of Opportunity Zone service centers that provide charging infrastructure, financing, and servicing of electric vehicles (EV) for municipal and commercial fleet operations. The trends towards increasing electric vehicles in commercial sector are powerful: ever-decreasing battery prices and smaller vehicles due to urbanization and state and local EV mandates.

Manufacturer-supported maintenance and servicing centers are critically needed in key industrial cities to enable the commercial EV growth. SOZ EV meets this critical need and will develop hundreds of jobs to maintain and support EV eco-systems. SOZ EV is committed to partnering with key local market stakeholders, public partners, and EV OEMs and technology to optimize the success of each depot in its target markets.

Native American Ventures

Native American Ventures works to develop, diversify, support, and expand the economic infrastructure of tribal nations. Through tools such as education, job training, leadership and mentorship, opportunity scouting, legislative advocacy, and financing, NAVF is helping pave the way for successful and sustainable tribal economies.

The partnership is currently investing in three lines of business. First, a carbon sequestration project working to reverse carbon emissions by generating carbon offsets through the management of tribal forests. By implementing carbon sequestration projects on Native American lands, NAVF aims to deliver carbon credits that will yield exponential profit while aligning with Native American cultural and environmental values. Second, a network of free trade zones and distributions facilities operated by federally recognized Native American Tribes, creating trading opportunities for tribal nations and local businesses alike. Third, supply management operations for personal protective equipment that provides this much-needed equipment to Tribal Nations and other communities worldwide in the face of the COVID-19 pandemic.

RiseKit

RiseKit is a technology company that connects underrepresented job seekers held back by vocational barriers to a broad network of employment opportunities and resources, including training programs, employers, career pathways, and support services. The company has over 200 employer and non-profit partners nationwide.

RiseKit helps communities rise by empowering entry- and mid-level job candidates with the necessary tools to seek and gain long-lasting employment. Through their purpose-driven software, they enable a large network of employers, nonprofits, city governments, and workforce development organizations to gain valuable insight into their communities and hire often overlooked local talent.

Leadership Team

Leonard Mills, CEO and President

Dr. Leonard Mills is an experienced investment and portfolio manager of large and small portfolios. He is also founder and president of the PI Analytics Investment Adviser, the venture capital fund manager that is the investment manager of the Verte Opportunity Fund. His previous employment includes positions at the Federal Reserve, Fannie Mae, Wells Fargo, several privately held funds, and as an adjunct professor.

Hank Torbert, Venture Partner

Hank Torbert is a seasoned business leader and executive operating at the nexus of finance, strategy, innovation and operations within the industrials and energy sectors. Hank is an expert on how new technologies, such as artificial intelligence, robotics, renewables, transmission technologies and synthetic biology are changing the industrial landscape. He also serves as the President of a manufacturing company and is the Founder of the Frontier Conference, which focuses on industrial innovation. His past employment includes senior leadership roles at Smith Electric Vehicles, JPMorgan Chase, and private investment funds and companies.

Lacey Horn, Strategic Adviser

Lacey Horn is an internationally recognized thought leader, visionary creator, and financial expert. Her most recent ventures include Native Advisory LLC, where she serves Tribal Leaders as a strategy and financial consultant. To direct greater impact investment into Indian Country, Horn founded the Native Opportunity Zone Fund dedicated to Tribal Opportunity Zones. The Native OZ fund has been merged with the Verte OZ fund. Lacey’s past employment includes serving as Treasurer of the Cherokee Nation and as a senior auditor at KPMG.

Visit Verte OZ Fund for more information at https://VerteOZ.com

The contents on this press release is for informational purposes only. This is not an offer to sell, nor a solicitation to buy Verte Qualified Opportunity Funds. That can only be done by our current Confidential Private Placement Memorandum (“PPM”). Securities offered by Verte Opportunity Fund Inc are for accredited investors only and have limited liquidity. The shares being sold in this offering have not been approved or disapproved by the Securities and Exchange Commission or any state’s securities division. Nor has the Securities and Exchange Commission or any state securities department passed upon the accuracy or adequacy of the PPM or the disclosures provided therein. Any representation to the contrary is a criminal offense. The information is provided by Verte Opportunity Fund Inc. and while we endeavor to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability of the information, products, services, or related graphics for any purpose. Any reliance you place on such information is therefore strictly at your own risk.

 

SOURCE Verte OZ Fund

Cogobuy Announces 2020 Interim Results

Highlights of the Interim Results for the Six Months Ended June 30, 2020:

  • Policies favoring greater 5G penetration and applications have been driving increasing demand for chips, resulting in a significant increase in the Company’s chips sales. During the Period, the Company’s net profit increased 193.6% over the same period last year. Profit attributable to equity shareholders of the Company was RMB100.1 million.
  • The Company recorded total revenue of RMB3,281.2 million in the first half of 2020, a YoY increase of 22.8%. Gross profit was approximately RMB254.6 million, a YoY increase of 27.0%.
  • “Ingdan Innovations” introduces leading strategic investor, Guangdong Finance Fund Management, which will enable resumption of high growth in the Company’s business.

HONG KONG, August 31, 2020 /PRNewswire/ — (August 31, 2020) Cogobuy Group (“Cogobuy” or the “Company”, stock code: 400.HK; with its subsidiaries (the ”Group”)), a technology service company focusing on serving global chip industry and artificial intelligence (“AI”) and internet of things (“IoT”, together “AIoT”) ecosystem, is pleased to announce its unaudited interim results for the six months ended June 30, 2020 (“the first half of 2020” or the “Period”).

Financial Highlights of the First Half of 2020

With policies continuing to favor greater 5G infrastructure to support the IoE in China, Cogobuy’s chips business directly benefits from the rising domestic demand for chips, leading to the organic growth in the revenue. The Company’s net profit and revenue have both recorded a significant increase, of which the growth rate of net profit is faster than revenue, with a year-on-year increase of 193.6% and 22.8% respectively. For the six months ended 30 June 2020, the Group’s revenue was approximately RMB3,281.2 million, a YoY increase of 22.8%; gross profit was approximately RMB254.6 million, representing a YoY increase of 27.0 %. The increase in gross profit margin was contributed by change in sales mix in which sales in proprietary markets such as, the Internet of Vehicles, smart homes, AI surveillance, etc. had a relatively higher gross margin than those of the traditional IC components. During the period, profit attributable to equity shareholders of the Company was approximately RMB 100.1 million. For the six months ended 30 June 2020, the Company’s cash and bank balances including short-term bank deposits and pledged deposits was RMB343.3 million. The Group’s bank loans were RMB145.7 million. Basic common shares outstanding were 1,417,416,732 as of 30 June 2020; weighted average number of ordinary shares for the purpose of diluted earnings per share were 1,400,271,000. 

Following a business restructure completed in early 2020, Cogobuy Group was reorganized into two primary businesses of “Ingdan Innovations” and “Ingfin Services” (the “IFS”). Cogobuy combined its IC components sales and marketing platform, Cogobuy.com, with its Ingdan AIoT business service platform, to form Ingdan Innovations, to focus on the sales and promotion of IC chips to AIoT manufacturers in China. Meanwhile, Ingfin Services focuses on the research and development and sales of proprietary products and developing customized technical solutions which include bundles of software, hardware and core components. Targeted to Vehicle to Everything (V2X), 5G applications, and memory and storage areas, Ingfin Services also provides financing services and seeks investment or acquisition and merger opportunities in high-quality startups within the Group’s AIoT ecosystem, improving Cogubuy’s overall strategic position and generating investment income. Upon the completion of the restructuring, the Company holds 75% of Ingdan Innovations.

Cogobuy Business Directly Benefits from 5G’s Development and Applications

Ingdan Innovations, under Cogobuy, reached agreements with over 50% of global high-end chip suppliers and many top domestic chip companies, allowing it to serve hundreds of global high-end chip suppliers upstream, and thousands of AIoT hardware companies downstream. Additionally, rapid penetration of 5G across different industries is driving demand for chips and related technology applications. Cogobuy which focuses on serving global chip industry and AIoT ecosystem, has directly benefited from the boom in industrial demand. Through IngDan Innovation, the Company is capturing the boom from 5G all along the industrial chain, including related 5G network construction, AIoT applications and artificial intelligence, such as V2X, intelligent medical devices, and intelligent manufacturing devices. The new demand for chips from these growing industries will create important new growth momentum for the Group in the future.

New Business Areas: Focusing on the Internet of Vehicles Business

Every industry is now utilizing 5G and expanding its industrial application scenarios, especially Vehicle to Everything (V2X), which is regarded as the most prominent segment within 5G vertical industry applications. According to CCID data, by 2021, China’s V2X market is estimated to reach 115 billion US dollars, with a compound annual growth rate of approximately 28.1%.

Cogobuy is optimistic about the potential of V2X, and already has a strategic focus on the V2X market through its two primary businesses, Ingdan Innovations and Ingfin Services. The Company also established the V2X value-chain alliance with chip manufacturers, module suppliers, and car manufacturers, which will bring significant market opportunities and be new growth momentum for Cogobuy. IngDan Innovation’s Advanced Driver Assistance Systems (“ADAS”) chip products, the demand for which has increased over 300% compared with the same period last year, and In-Vehicle Infotainment (IVI) chip products are highly sought after by China’s first-tier automotive pre-installation market, helping the Group develop its Internet of Vehicles business and capture dividends from the smart car industry.

Additionally during the Period, Ingfin Services’ (IFS) V2X application solution received its first order for its proprietary product which utilizing the big data collected by AI analysis terminal devices, to provide one-stop solution for accurate vehicle rescue, service tracking, driving analysis, remote accident identification, as well as fast claims settlement in the Chinese market. Cogobuy expects IFS’s proprietary product business to grow rapidly.

Ingdan Innovations Brings on First Leading Strategic Investor

With the acceleration of 5G construction and new infrastructure in China, the business development and potential of Ingdan Innovations successfully obtained the subscription of other strategic investors. In August 2020, the Group successfully brought on Guangdong Finance Fund Management, which belongs to Guangdong’s largest provincial integrated financial platform, as Ingdan Innovations’ first leading strategic investor to support its development in the rapidly growing 5G market and trillion-RMB domestic chip market. The new capital will also assist Cogobuy Group in resuming its high growth.

Outlook

Mr. Jeffrey Kang, CEO of Cogobuy Group, said, “Cogobuy returned to growth in 2020. During the Period, Cogobuy was well positioned to capture the market opportunities arising from the rapid expansion of 5G applications and infrastructure. We provide our services to the global chip industry and AIoT ecosystem, and continue to extend our reach into different potential markets. To further optimize the Company’s business, we are focusing on developing new, fast-growing industries within China in the coming years through our new “Ingdan Innovations + Ingfin Services” dual business model. Ingdan Innovations is the Group’s technical service platform engaged in chips sales, while Ingfin Services offers both the Company’s proprietary products and financing services. The model has resulted in strong performance in both profit and revenue in the first half of 2020.

During the Period, we were proud to welcome the Group’s first leading strategic investor, Guangdong Finance Fund Management via Ingdan Innovations. The investment will provide capital and resources to support the expansion of Cogobuy’s market share in the trillion-RMB domestic chip market, which will help Cogobuy both resume and maintain a high growth rate in the future.

Looking ahead to the second half of 2020, China has invested in infrastructure as way to resume and stabilize the domestic economy, which has further facilitated domestic 5G infrastructure development and driven the demand for high-end chips. We expect domestic demand for high-end chips to increase significantly in the near term and following years, providing an opportunity for significant growth in our chip sales. We look forward to continuing to meet the demands arising from new 5G industries as they develop, and creating greater value for our shareholders.

Caution Statement

The information contained in this document has not been independently verified. No representation, warranty or undertaking, express or implied, is made by the Company or any of its affiliates, advisers or representatives as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of such information or opinions presented or contained herein. The information contained in this document should be considered in the context of the circumstances prevailing at the time, is subject to change without notice and the Company makes no undertaking to update the information in this document to reflect any developments that occur after the date of the presentation. It is not the Company’s intention to provide, and you may not rely on these materials as providing, a complete or comprehensive analysis of the Company, or its financial or trading position or prospects. Neither of the Company nor any of its affiliates, advisers or representatives accept any responsibility or have any liability whatsoever (in negligence or otherwise) for any loss howsoever arising from any use of this document or its contents or otherwise arising in connection with this document.

This document may contain statements that reflect the Company’s current intent, beliefs and expectations about the future as of the respective dates indicated herein. These forward-looking statements not guarantees of future performance and are based on a number of assumptions about the Company’s operations and factors beyond the Company’s control and are subject to significant risks and uncertainties, and accordingly, actual results may differ materially from those described in these forward-looking statements. Neither the Company nor any of its affiliates, advisers or representatives has any obligation, nor do they undertake, to update these forward-looking statements for any events or developments including the occurrence of unanticipated events that occur subsequent to such dates.

– End –

About Cogobuy Group

Cogobuy Group, a technology service company focusing on serving global chip industry and AIoT ecosystem, is headquartered in Shenzhen, with offices and branches across major cities in China, including Hong Kong, Shanghai, Beijing, Wuhan, Chengdu, Nanjing, Hangzhou, and Xi’an, as well as overseas branches in U.S., Singapore, Israel, and Japan. The Group was composed by Ingdan Innovations, a technical service platform serving chip industry, and “Ingfin Services”, integrated the Company’s proprietary products, financing, and other enterprise services, forming a new “Ingdan Innovations + Ingfin Services” dual business model. For further information, please refer to the Company’s website at http://www.cogobuy.com/

 

Cision View original content:http://www.prnewswire.com/news-releases/cogobuy-announces-2020-interim-results-301121117.html

SOURCE Cogobuy Group

G-ray Switzerland announces new CEO, closes successful funding round

NEUCHÂTEL, Switzerland, Aug. 31, 2020 /PRNewswire/ — G-ray Switzerland, the medical imaging and industrial diagnosis start-up founded in 2014, has announced the appointment of Luis Pallares as Chief Executive Officer, as the company embarks on an accelerated growth drive and completes a successful funding round.

Mr Pallares is focused on leading the transformation of G-ray’s business development efforts following the company’s development of a disruptive and patented state of the art technology to bring safer, cheaper and better vision into imaging for medical and industrial diagnosis.

Mr Pallares joins G-ray with a wealth of entrepreneurial and start-up experience, having founded Spain’s first streaming service, Addhoc Streaming, Spanish-speaking health related content site Vivir Mejor, and Spain’s leading digital strategy firm, Nennisiwok.

Most recently Mr Pallares’ deep experience in technology development, artificial intelligence and digital advertising led him found Plyzer Technologies, a global leader of price comparison technology matched with business analytics and intelligence based on artificial intelligence.

The appointment coincides with the news that G-ray has also raised a further CHF 2.6 millions, enabling it close out its successful Series A funding round at CHF 28 million.

Luis Pallares, Chief Executive Officer of G-ray, said: “G-ray has already proven to be a positive disruptive force within the technology industry and I relish the opportunity to help deliver tangible progress by bringing improvements in imaging into medical and industrial diagnosis.”

Mr Yves Claude Aubert, Chairman of G-ray Switzerland, said: “Our technology has already started to disrupt the multi-billion particle detection imaging markets, based on our proprietary and transformative unique detector architecture. As artificial intelligence impacts the traditional X ray detector market, Luis is the perfect choice to lead G-ray forward into a new phase of growth and to capture these opportunities.

About G-ray Switzerland

Founded in 2014 in Neuchâtel, G-ray Switzerland SA has filed a number of revolutionary patents in the fields of radiographic imaging and new semiconductor assembly techniques. The rapidly expanding company has developed core skills in monolithic detectors with integrated high-resolution CMOS circuits. These innovations cover a wide range of sectors, including automotive, aerospace and medicine. www.g-ray.ch

 

Cision View original content:http://www.prnewswire.com/news-releases/g-ray-switzerland-announces-new-ceo-closes-successful-funding-round-301119192.html

SOURCE G-ray