Artificial intelligence has helped evolve various fields, one of them is the diamond industry. The mentioned industry has gone through various phases as technologies and expertise have continued to develop. The recent few years have brought immense changes to diamonds’ excavation, manufacturing, and modification.
Diamonds are considered of high monetary value, which is why they have attracted various techniques regarding their manufacture. The continuing market value of diamonds has boosted the research regarding the use of AI in this field.
These ideas and approaches have helped bring change from the process of extraction to the complete finishing. It has made the job easier for the manufacturers and added refinement for the customers. Here is a brief overview of the impacts of the AI industry on the diamond industry and how AI approaches are being used to modify diamonds.
AI and Changing Diamond Industry
The change in the diamond industry regarding AI began early in the 1990s and 2000s. It was when some Israeli manufacturers employed some modern technological techniques in the diamond industry. They realized that the most important part of the process was planning and deciding the process. The same plan is used to develop each stone into a refined diamond. Since then, it has continued, and the mentioned industry continues to use AI.
If a plan is programmed using AI for this purpose, it will enhance the stone and make it easier for the manufacturers. AI comes to help enhance the process as it is a collection of multiple programs that consider every aspect of the given job. It is perfect for diamonds as their manufacturing process requires hundreds of considerations. Thus, it takes care of all these to get the manufacturer the perfect piece.
AI can also be employed in the preparation of lab-created diamonds as it uses various programs that can generate an ideal diamond. The uses of AI are not just limited to the use in the mining and polishing process. Rather it helps businesses to keep record of their products and arrange it according to their needs. The huge databases that AI uses brings ease in identification, management, and ease for customers.
As diamond is a valuable commodity, it has required special programs that can cover the process from mining to shipping. Also, the available software can also be used to identify if the real diamond has been exchanged for fake during the shipping process. RockHer is an app that utilizes IBM’s technology for the identification of diamonds.
Uses of AI in the Diamond Industry and Diamond Modification
There are various uses of AI in the diamond industry, and it can be used in the modification of diamonds. Some of these are given as follows:
1. Grading and Analysis
AI enhances the process of diamond grading and analysis using its advanced programs. In contrast to AI, it would cost too much time and energy if it is done traditionally. AI tools ensure that real-time data for a diamond is taken and it is analyzed quickly. Though the process for AI grading of diamonds is not new, it is improving constantly.
It simplifies the diamond planning and drilling process as the decisions are data-driven. It employs scanning and imaging technologies while also bringing forth the use of the latest available software for grading. Thus, it reduces the human effort to the minimum possible, and the use of extensive machinery for grading and analysis is reduced.
It fulfills the aim of creating an attractive diamond that requires minimum human effort. It brings more revenue to the business and reduces costs.
The business of a brand depends on an efficient inventory. It can bring the best to the market and serve the customers with the products that the customers demand the most. If AI is used for diamonds, it can improve the standards with the help of AI programs.
The manufacturer can apply specific grading standards that the customers demand the most, and it will improve business.The availability of AI increases accessibility and thus improving the availability of products.
Another use is that of high accuracy in manufacture that is available in the case of AI, which is not always possible in the case of human beings. The manufacturers can follow market suitability according to popular demand and create diamonds with the required attributes.
The AI-based manufacturing process is flexible and can be used for various procedures. It reduces effort while not affecting the inventory, keeping the business afloat.
3. Improving Diamond Pipeline
The whole process of diamond manufacturing is too complex as it involves various steps from mining to analysis and sale. It is through the use of AI programs that the process is streamlined from the start to the end. The use of these programs reduces the cost of the procedures and makes the process easier. The availability of AI tools makes it possible to get reliable results once, instead of requiring multiple checks.
The job of artificial intelligence starts from the mining process. It is through geological tracking devices and other tools that identify the quality of diamonds. In the case of manual exploration or the use of some other tools, there are chances of being misled by wrong information. The use of AI reduces the chances of error, and it helps in the complete process.
Miners get data through drilling rigs and estimate the costs and the benefits a diamond would bring the investors. Then the diamond is processed using other AI tools required for the remaining process.
4. Using AI for accuracy
AI is considered a reliable tool from mining to grading process. It streamlines the process as it bases the procedure of analysis, grading, or any other purpose on a reliable set of data. It brings accuracy to the results which is far better compared to human-checked data.
Another factor that makes it far better is the constant improvement in AI while in comparison, improvement in human accuracy is relatively slower. The developers of programs can improve their algorithms as they can add further data related to diamonds.
Thus, it won’t be too long when AI-based grading and other processes would be the most-reliable ones for businesses.
Some AI Systems and Technologies Used in Diamond Industry
Various AI systems and technologies have been developed by experts, which have found wide use in the diamond industry. Some of the popular names include DiaCam360, Ringo, Sarine e-Grading, etc. These computer programs have developed through trial and error, thus giving the best possible results to the users.
DiaCam360 is an Israel-based developers’ venture who prepared this tool for the analysis of the color and clarity of the diamond. It is based on various databases which contain diamond pictures and other details. Its databases are GIA-affiliated, giving it credibility.
Ringo is an AI-based tool that can help find customers a diamond according to their specific choice. The choice might include color, shape, budget, etc. Sarine e-Grading is a tool that is being used for grading based on 4C’s. It gives object results that can be relied on.
As AI has continued to develop, the mining process has simplified with the reduced costs. There are AI tools that help identify various factors like groundwater, subterranean ventilation, temperature etc. to see if it would be feasible to mine diamonds. Thus, it reduces the risk facto to ensure that the process is safe for miners.
Tracking systems, wireless devices, detection tools, etc. are connected with AI tools to make mining safer and easier. Also, use of AI helps the miners analyze satellite images to see the environmental impact of mining.
Machine learning has helped in predicting dangers in a timely manner. It keeps the mining persons safe by analyzing data and considering if there would be spike in pumps. These also consider the formation of sludge deposits and ore fragmentation.
Thus, the miner is easily able to mine diamonds, reducing the chances of any untoward happening. Robots using AI have found multiple uses in diamond mines. An example is Western Australia where such robots are being used for load, haul, and dump purposes in diamond mines. These are automated machines utilizing AI for their job.
GIA first started testing use of AI for diamond clarity grading in 2020 partnering with IBM. They aim to expand it further to other domains as well.
The development of artificial intelligence (AI) has brought human beings some unparalleled comforts. The diamond industry also benefits from the developments in these fields and has brought programs and tools that help the process from manufacture to refinement and sale. These tools make it easier to determine quality, modify the available diamonds and analyze their specific traits. It reduces too much human interaction and leads to adding precision. The use of AI reduces the chances of error and adds to the quality of the product. Moreso, the addition of new developments to this field will enhance the mentioned technology further in the future.
Vechain and SingularityNet Combine Blockchain + AI To Drive Sustainability and Build Advanced Enterprise-Grade Tools
Vechain and SingularityNET, industry leaders in blockchain and artificial intelligence (AI) respectively, have announced their strategic collaboration. This partnering of technical giants unites powerful emerging technologies with the potential to radically change how the global economy operates, offering powerful enterprise-grade tools to tackle challenges in the field of sustainability and traditional businesses.
In particular, the alliance holds great promise for vechain’s ambitions with Boston Consulting Group, partners, collaborating on building ‘ecosystems’ wherein individuals and businesses are incentivised to act sustainably. SingularityNet’s AI capabilities offer immense potential to enhance and improve these ecosystems, utilising AI technology to pore over data, and improve their efficacy.
Vechain and SingularityNET intend to launch joint research initiatives to fortify the efficacy of each respective platform and ingrain the pair at the heart of future digital development. The combination of these technologies can equip businesses with intelligent tools, signalling the onset of a new phase in the era of digitisation.
Dr. Ben Goertzel, the visionary CEO of SingularityNET, expressed his excitement for the massive potential of this partnership:
“The last few years have taught the world that when the right AI algorithms meet the right data on sufficient processing power, magic can happen.
What’s even better is when the algorithms, data and processing are decentralized in deployment, ownership and control — which is exactly the sort of magic that’s going to happen putting the SingularityNET ecosystem’s AI algorithms together with vechain’s deep and diverse enterprise data, on the joint, secure distributed processing power of the two networks.
This combined power will be applicable to sustainability as one of our initial focus areas, but in the end extends across essentially all vertical markets. It’s hard to overestimate the potential here.”
Vechain’s CTO Antonio Senatore commented:
“We’re excited to be collaborating with leading Web3 AI platform, SingularityNET, combining our rich streams of enterprise data with SingularityNET’s powerful and versatile platform.”
“Blockchain and AI offer game-changing capabilities for industries and enterprises and are opening new avenues of operation. We look forward to working closely with the SingularityNET team to build out new services and continue to advance the fore of possibility in web3 and sustainability.”
Vechain and SingularityNET are enabling a new, more interconnected and automated world, driving new capabilities in the fields of industry and in particular, for action around sustainability.
Deepdub and OOONA Announce Strategic Partnership to Expand AI-Based Dubbing Solutions to Global Entertainment and Media Clients
Deepdub, the leading AI-based audiovisual dubbing and language localization company, today announced a partnership with OOONA, a major media localization software provider. This collaboration will bring Deepdub’s advanced dubbing solutions to OOONA’s extensive entertainment and media clients worldwide.
Through this partnership, OOONA will implement a process for connecting their clients to Deepdub’s services. This will enable media companies and content creators worldwide to instantly access Deepdub’s innovative dubbing solutions. Companies will be able to submit their content localization needs with ease via OOONA’s platform and receive tailored proposals from Deepdub that leverage the power of AI emotion-prompting technology. Going forward, clients stand to benefit from more efficient workflows and access to groundbreaking dubbing capabilities unlocking flexibility and scale.
“OOONA’s unmatched expertise in media localization, honed from providing pioneering management and production tools to the biggest names in the sector, makes them an ideal partner,” said Ofir Krakowski, CEO and co-founder of Deepdub. “This collaboration gives us the opportunity to introduce our advanced AI dubbing technology to new clients across the entertainment industry and beyond.”
OOONA is trusted by leading media localizers, broadcasters and a vast user base spanning over 170 countries. “We continue to stay true to our mission of being the core platform that integrates anything our clients need, including any opportunities AI-based solutions bring for localizing audiovisual assets,” said Wayne Garb, CEO and co-founder of OOONA. “We are thrilled to collaborate with Deepdub and further strengthen the services we provide to our customers globally.”
Deepdub aims to bridge the language barrier and cultural gap of entertainment experiences for international audiences across TV, Film, Advertising, Gaming and e-learning. We provide a high-quality localization service for entertainment content using deep learning and AI algorithms. Deepdub plugs into the post-production process of content owners and provides an end-to-end solution for all of their localization needs. Deepdub’s team consists of technology entrepreneurs, engineers, and scientists, as well as dubbing and post-production specialists with extensive industry experience. The advisory board features prominent media executives such as Kevin Reilly, who held the position of Chief Content Officer at HBO Max and president of TNT, TBS, and truTV, and Emiliano Calemzuk, the former President of Fox Television Studios.
For more information about Deepdub, visit https://deepdub.ai
OOONA.Net Ltd (www.ooona.net) is a globally recognized provider of professional management and production tools for the media localization industry. Renowned for its state-of-the-art software catering to subtitling, voiceover, dubbing and captioning needs, OOONA’s modular, pay-as-you-go pricing model empowers users to tailor solutions to their unique requirements. Trusted by leading media localizers, broadcasters and a vast user base spanning over 170 countries, OOONA continues to trailblaze advancements in the field of media localization.
RedCloud is using Generative AI to unlock the future of B2B Commerce in Emerging Markets
- Almost half of the growth in the FMCG industry over the next 3 years will take place in Emerging Markets outside of China
- AI-powered Open commerce will be the key to FMCG’s winning in these markets
- 90% + of B2B trade is still conducted offline, current ecommerce solutions will only go so far in bringing this trade online
- RedCloud’s intelligent open commerce platform, which currently has over 300,000 users, empowers FMCG brands to dynamically transform trading relationships with their distribution channels and millions of micro retailers
- With some of the largest product ranges in the world, the need for AI-powered search, order and trade is critical to cost, convenience and choice for the FMCGs in food, beverage, and essential consumer supplies.
Almost half of the growth in the FMCG industry over the next 3 years will take place in Emerging Markets outside of China. It’s a $1 trillion dollar opportunity for brands that can successfully navigate these markets. RedCloud Technologies, the company behind the world’s first open commerce platform, are bringing the latest in generative AI technology to help businesses further seize this sizable opportunity.
RedCloud has made a number of new AI expert hires and has formed several partnerships with cutting-edge AI companies. They now have number of updates to their intelligent open commerce platform in progress which include:
- Powering their search and order functionality with large language models to reduce friction
- Creating a new level of AI driven microtargeting for in-app campaigns and promotions
- Utilising machine learning to create highly advanced predictive analytics
- Augmenting their data processing operations with AI powered optimisation tools
For most businesses in the FMCG market, the ability to buy and sell efficiently is key. But in EMDEs – the areas that also have the greatest growth potential – barriers remain. RedCloud’s current platform has already created a fairer, more profitable trading system, bringing over 300,000 local merchants online for the first time, allowing them to trade instantly with their distributors and FMCGs. Their latest updates will go one step further, by fusing their search functionality with LLM’s, they will reduce the time spent ordering by over 80%. This frees up time local retailers could be using to trade in the digital economy.
It’s not just local retailers who will benefit though from the upcoming updates to the RedCloud platform. FMCG brands and distributors are also set to reap the benefits of RedCloud’s commitment to generative AI. Price volatility means businesses are often hard-pressed to keep up with the macroeconomic changes affecting their markets. RedCloud is therefore undertaking several updates to its existing dynamic pricing tools.
Their real-time data insights powered by machine learning creates automated pricing recommendations that could increase a company’s revenue by around 15%. They are also developing AI into their insights tool to allow for the creation of highly accurate predictive analytics. This will enable companies to further improve their forecasting with confidence, remaining ahead of macroeconomic curves and market trends.
RedCloud is also using generative AI to help companies reduce their advertising costs. FMCG brands can spend anything between 5%-15% of their operating budget on advertising, however on traditional channels, 90% goes unseen and conversion rates are continuing to reduce. RedCloud is supercharging its search and promotions tool with machine learning to further improve its targeting capabilities, allowing for micro-segmentation of audiences and campaigns. This will allow companies to create more efficient and effective digital advertising campaigns, allocating spend only where it’s truly valuable.
Justin Floyd, founder and CEO of RedCloud, comments: ‘The future of B2B commerce is open and conversational. This overcomes the lack of trust in traditional and big tech e-commerce platforms, enabling users to place orders in a familiar way and build sustainable relationships with sellers – regardless of whether there’s a human on the other end or not. ‘
RedCloud’s AI lead Daniel Chada, adds: ‘Generative AI, which includes technologies like Generative Adversarial Networks (GANs) and language models like ChatGPT, can play a significant role in addressing the challenges of digitising B2B commerce. Managing user experience, data integration, security, privacy, and regulatory compliance, it provides a simple yet sophisticated solution to the most pressing problems faced in the FMCG space. And one that can be easily adopted in emerging markets.’
RedCloud is a global technology company, headquartered in London committed to bringing commerce everywhere, especially in emerging markets, by digitally connecting FMCG brands, distributors, and merchants, enabling them to search smarter, sell better, and trade simpler.
With its proprietary Open Commerce platform, RedCloud is poised to drive economic growth in the FMCG industry by providing new levels of visibility and facilitating strategic decision-making based on real-time data analysis syndicated across the distribution chain.
Why purchasing traffic barricades is a good decision for your new start-up
8 Crucial Things to Think About Before Investing in Real Estate
The Ultimate Christmas Work-Do Style Guide
StarCharge to booth in Japan N+ Sustainability Show with Full Lineup of Charging Solutions
Australia based Startup Refilled launched to save 100m single-use plastic bottles sold from vending machines
Gupshup.io Announces the Next Generation of Conversational Engagement Platform with Advanced Personalization and AI-Powered Interactive Campaigns
How to7 years ago
How to register a Startup in USA
Interview4 years ago
An Interview with Joel Arun Sursas, Head of Clinical Affairs at Biorithm, Singapore
More4 years ago
6 Promising Up and Coming Fashion Companies
More5 years ago
Factors to Consider When Planning Your Office Design and Layout
Interview3 years ago
An Interview with Russell Jack, Southland-based Yogapreneur and Mindfulness Teacher
Other Internet Tech5 years ago
How to become an IPTV reseller? A beginner’s guide
More5 years ago
IPTV business for beginners
Business Ideas6 years ago
50 Small Business ideas with low investment