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Smart cities share stories of digital governance

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4 months ago

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Smart cities share stories of digital governance

Digital governance is a trend, not a choice, in solving common problems of urban development such as aging populations, and of improving efficiency to benefit people in these changing times, experts said at a recent forum.

Many countries have introduced digital tools like big data and artificial intelligence in the creation of smart cities, and significant achievements have been made in fields such as agriculture, education and industry.

At a smart farm in Palmerston North, New Zealand, AI is used to monitor cows and enables them to roam freely with little human interference.

“There will also be an area with digital monitoring to allow the cow to get its back scratched when it needs, and the milking process has been automated so that cows can be milked when they feel the need to be milked. Minimum human labor is needed,” Gabrielle Loga, international relations manager for Palmerston North, told China Daily at the Smart City Forum for International Friendship Cities in Guiyang, Guizhou province, on Friday.

“The application of AI is not only great for production itself but also has boosted tourism, and is particularly popular with children for educational purposes,” she said, adding that the city will hopefully collaborate with Guiyang on smart farming soon.

Palmerston North consults residents on public issues, which Loga says generates “thick documents or submissions with lots of words” that traditionally are quite labor-intensive and time-consuming to read through.

“However, since we have been experimenting with large language models, AI has been able to help us go through submissions much faster, so we will be able to encourage more submissions in the future and better understand what our residents want,” she said.

The city council has also adopted intelligent environmental monitoring and intelligent monitoring for endangered species, and places importance on green buildings and sustainable construction. As a sister city of Guiyang for the last 31 years, Palmerston North hopes to continue cooperation on agricultural technology, smart learning and digitalization, but is also looking to expand cooperation in other areas such as commerce and ecotourism, according to Loga.

Busan in South Korea, the first smart city approved by the country in 2018, has introduced innovative services like real-time water quality management, smart parking, intelligent medicine and carbon-free applications in its 28,000-square-kilometer Eco City area.

In January last year, 65 families moved into the Eco City to test out the services, and local authorities are smoothing out the problems before the system is expanded to other areas, according to Kim Myogeum, chief representative of the Shanghai office of Busan.

“Busan became a super-aging society in 2022, and there are many old residents who live by themselves. We observe their behavior and condition so help and care can be offered in time,” she said, adding that technology is being used to create a healthier and cleaner environment so that residents can live better lives.

Busan ranks first in terms of smart city construction in South Korea, according to Kim.

In Tripolis, Greece, devices have been installed in all public areas to monitor the use of energy.

Through intelligent calculation, resources needed to grow a crop can be determined precisely to avoid excessive use, and with flooding a frequent hazard, the city has developed an alert system to warn inhabitants of danger, Konstantinos Tzoumis, mayor of Tripolis, told the forum at the China International Big Data Industry Expo 2023, which concluded on Sunday.

This year is the first time the expo has resumed in-person events since COVID-19. It’s also the first time a special booth has been set up to showcase the achievements of 13 cities in eight countries — Greece, Italy, South Korea, New Zealand, Spain, Thailand, the United Kingdom and the United States.

Bernadia Irawati Tjandradewi, secretary-general of United Cities and Local Governments Asia-Pacific Section, said that sharing the experiences of digital governance is important because cities and local governments have a wealth of information on improving productivity and helping people live more comfortably.

“From this forum, we’ll learn how cities have been using smart city technology in fields like agriculture, health and education. This inspires other local governments to do better as well,” she said.

The organization, which connects 140,000 cities in 140 countries and regions, plans to create a committee for digital governance to help more governments and cities embrace digitalization and sustainable development, she added.

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Acquisition

Nimble Gravity Acquires mDEVZ to Strengthen Its Data, AI and Software Engineering Capabilities

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9 hours ago

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September 29, 2023

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nimble gravity acquisition

Today, Nimble Gravity LLC and mDEVZ,announced that Nimble Gravity has successfully completed its acquisition of mDEVZ, a data science and application engineering consultancy based in Buenos Aires, Argentina. mDEVZ brings a deep heritage in finance, gaming, and retail and will expand Nimble Gravity’s Data Science and Engineering practices, continuing the company’s strategic 2023 growth initiative.

mDEVZ strengthens Nimble Gravity’s ability to help customers transform their businesses with AI, bringing both data science capabilities, additional expertise in application development and net new capabilities in computer vision, rendering & optimization, and Unity3D.

“We are excited to bring mDEVZ onboard as we continue to advance our growth strategy for 2023,” said Tony Aug, co-founder, and chief executive officer of Nimble Gravity. “Their expertise in data science, artificial intelligence and software engineering will further strengthen our position in the market and enhance our ability to deliver comprehensive solutions to clients looking to leverage cutting-edge technology for their businesses.”

“We are proud of the results we’ve delivered to our customers during our 10– year history and are immensely appreciative of all their support,” said Mauro Lopez, founder and CEO of mDEVZ. “Joining Nimble Gravity represents a unique opportunity for our team to scale the impact of our work to an even broader customer base. Together, we can drive forward the strategy and execute the most innovative tech solutions to achieve unparalleled success and to give our team new opportunities to grow their careers and deepen the valuable skills at the company.”

mDEVZ builds on Nimble Gravity’s global operations, augmenting its team of professionals ready to tackle the hardest challenges businesses are facing in today’s digital landscape.

About Nimble Gravity:

Founded in 2019, Nimble Gravity is an international consultancy firm that specializes in Strategy, E-Commerce, Digital Transformation, Data Science, Analytics, and BI, as well as Software Development and Tech Design. Nimble Gravity believes in the power of data and evidence-based approaches to drive growth, transform businesses, and create winning solutions for a diverse clientele.

Headquartered in Denver, Colorado, with offices in Mexico City, Guadalajara, Buenos Aires, and Medellín, Nimble Gravity is a rapidly growing consulting firm ready to tackle the hardest challenges your business is facing.

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Acquisition

KaarTech Expands Digital Transformation Footprint with Acquisition of Dunn Solutions Group Inc.

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4 days ago

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September 25, 2023

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KaarTech

KaarTech , a global Digital Transformation Consulting company, is excited to announce its latest strategic move in the world of digital transformation. The company has broadened its’ capabilities and geography by successfully acquiring Dunn Solutions Group Inc. , a leading Customer Experience Solutions Consultancy headquartered in Chicago, Illinois.

Founded in 2006, KaarTech has solidified its position as a key player within the SAP ecosystem. With a proven track record of delivering digital transformation success across various sectors, including Discrete Manufacturing, Process Manufacturing, and Consumer Packaged Goods, KaarTech has carved a niche for itself. The company has also developed proprietary intellectual property, KEBS for Professional Services and KTern.AI for SAP Digital Transformation , reinforcing its reputation as a formidable force in the Digital Transformation Arena.

Founded in 1988, Dunn Solutions is headquartered outside of Chicago and has offices both in Minneapolis and Bengaluru. The company has carved its niche as a Digital Commerce and Business Transformation Consultancy. Their core mission revolves around delivering unmatched velocity and transformative solutions to their clients.

This strategic acquisition facilitated by Eiliant Advisors, a Bangalore based Investment Banking Firm, marks a watershed moment for KaarTech as it combines its extensive SAP domain expertise, especially in SAP S/4HANA, with Dunn Solutions’ prowess in Digital Customer Experience.

Speaking about the acquisition, Mr. Maran Nagarajan, CEO of KaarTech, says, “We are excited to join forces with Dunn Solutions to accelerate our vision of redefining Digital Transformation. This partnership brings together the best of both worlds – our SAP expertise and Dunn Solutions’ prowess in Customer Experience – to create a transformative force that will deliver exceptional value to our clients.”

This union not only broadens the horizontal scope of KaarTech’s services but also strengthens its commitment to providing cutting-edge digital solutions that drive business growth and competitiveness. With this partnership, KaarTech solidifies its position as a true leader in the Digital Transformation Arena.

Mr. Bill Dunn, CEO of Dunn Solutions, says “KaarTech has earned a reputation as a key driver of SAP innovation across a number of verticals over the years globally, and we are excited to join them as we look to leverage the assets and experience of Dunn Solutions to continue building on KaarTech’s success in the Digital Transformation Space.”

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Insurtech

Cortical.io Named Among Most Innovative Insurtech Companies by FinTech Global

Published

4 days ago

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September 25, 2023

By

Cortical.io

Prestigious InsurTech100 List for 2023 Recognizes the Austrian AI Pioneer’s Contribution to Transforming Insurance Processes

Cortical.io today announced that they have been named to FinTech Global’s Sixth Edition of its prestigious InsurTech100 list for 2023. The ranking celebrates the groundbreaking tech companies that are developing solutions to the insurance industry’s most daunting challenges.

Our approach to intelligent document processing paves the way for insurers to explore a wealth of new opportunities, differentiating them from competitors in the digital transformation journey.

Over the last couple of years, insurance firms have faced an uphill battle to rapidly digitize their services and meet the evolving customer demands, nurturing a competitive landscape of Insurtech companies. This meant this year’s battle to earn a spot amongst the 100 InsurTech visionaries was intense. A select group of analysts and seasoned industry specialists sifted through a list of over 1,900 contenders presented by FinTech Global. The chosen few were acknowledged for their inventive technological applications either to solve a major industry challenge or to bolster efficiency throughout the insurance value chain.

“FinTech Global acknowledges for the second consecutive time Cortical.io’s role in revolutionizing document-centric processes within the insurance sector,” said Rainer Kegel, CEO of Cortical.io. “It’s incredibly gratifying to be recognized for our efforts in addressing a significant industry challenge, namely reducing the need for human intervention in the document review process. Our approach to intelligent document processing paves the way for insurers to explore a wealth of new opportunities, differentiating them from competitors in the digital transformation journey.”

Quoting group benefits is probably one of the most challenging insurance processes as it requires the analysis of many documents of variable types and structures. Cortical.io’s intelligent document processing solution extracts, interprets and classifies complex information found in terms and provisions and is for example able to detect the best plan matching a competitor’s policy. “Large insurance carriers employ hundreds of people to manually review policies before submitting a quote for group benefits,” said Kegel. “Our solutions help them prepare more accurate quotes faster, and consequently close more deals.”

Cortical.io’s Intelligent Document Processing (IDP) solutions leverage a unique approach to natural language understanding called Semantic Folding to reach unmatched levels of accuracy with unstructured text. Cortical.io’s solutions automatically search, extract and classify complex information from various documents such as insurance policies and emails with attachment, helping insurance companies eliminate quoting errors, improve customer response times and reduce labor intensive processes.

FinTech Global director Richard Sachar said, “The widespread availability of generative AI capabilities has opened the doors for even greater innovation within insurance. We’re entering a new wave of digitalization and insurance firms need to be prepared. The InsurTech100 will help top-level insurance executives in discerning the tech pioneers revolutionizing key areas like underwriting, pricing, distribution, and data analytics.”

About Cortical.io

Cortical.io delivers highly efficient AI-based solutions that help enterprises unlock the value of unstructured text by leveraging a game-changing approach to Natural Language Understanding (NLU). Cortical.io SemanticPro is an intelligent document processing solution that accurately extracts, analyzes and classifies information based on meaning and builds the basis for document workflow automation. With more than 10 years expertise in implementing NLU solutions in the enterprise, Cortical.io has demonstrated its ability to solve the challenges of language ambiguity and variability across many use cases and verticals for Fortune 500 companies.

Cortical.io has offices in the U.S. (New York and San Francisco) and Europe (Vienna).

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