AR

bp Selects AssetWise Lifecycle Information Management and AssetWise Reliability as Standard for Information Management and Asset Integrity

Retrieved on: 
Thursday, November 2, 2023

Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced that bp has selected Bentley’s AssetWise Asset Lifecycle Information Management (ALIM) and AssetWise Reliability (AR), part of Bentley Infrastructure Cloud, to manage engineering information for projects and operations to help assure global asset integrity management.

Key Points: 
  • Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced that bp has selected Bentley’s AssetWise Asset Lifecycle Information Management (ALIM) and AssetWise Reliability (AR), part of Bentley Infrastructure Cloud, to manage engineering information for projects and operations to help assure global asset integrity management.
  • bp will now standardize AssetWise ALIM across all projects, production, and manufacturing assets.
  • AssetWise Reliability will enable bp to optimize inspections, minimize maintenance costs, increase availability, and work to improve safety and risk management.
  • bp initially implemented AssetWise Reliability on the Clair Asset in the North Sea, and a global deployment across eight regions is now underway.

Effectv Taps Former Snap Exec Chris Vail to Head Political Sales

Retrieved on: 
Wednesday, November 1, 2023

Effectv , the ad sales division of Comcast Cable, today announced two key talent appointments in its political sales sector, one of the company’s major verticals.

Key Points: 
  • Effectv , the ad sales division of Comcast Cable, today announced two key talent appointments in its political sales sector, one of the company’s major verticals.
  • Chris Vail, who was most recently Head of Government, Political and Omni-channel Advertising at Snap, is joining the company as VP, Political Sales.
  • Vail joins Effectv this month and brings more than 16 years of experience building, growing, mentoring and inspiring high-performing political ad sales teams at both start-ups and global brands such as Amazon and, most recently, Snap.
  • Before Snap, Vail served as the VP of sales for Downstream, an early-stage ad tech company.

Digital Logistics Market to Reach $155.3 Billion, Globally, by 2032 at 20.4% CAGR: Allied Market Research

Retrieved on: 
Monday, November 6, 2023

NEW CASTLE, Del., Nov. 6, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, "Digital Logistics Market by Component (Solution and Services), Function (Warehouse Management, Transportation Management and Workforce Management), Enterprise Size (Large Enterprise and Small and Medium Sized Enterprise), Deployment Mode (Cloud and On-Premises), and Industry Vertical (Retail and E-commerce, Manufacturing, Pharmaceuticals and Healthcare, Aerospace and Defense, Automotive, Energy and Utilities, and Others): Global Opportunity Analysis and Industry Forecast, 2023–2032". According to the report, the global digital logistics market size was valued at $24.8 billion in 2022, and is projected to reach $155.3 billion by 2032, growing at a CAGR of 20.4% from 2023 to 2032.

Key Points: 
  • Overall, the COVID-19 pandemic reshaped the digital logistics market by accelerating the adoption of technology-driven solutions.
  • However, the service segment is projected to attain the highest CAGR of 22.9% from 2023 to 2032, as the organizations continue to embrace digital logistics solutions.
  • Based on organization size, the large enterprise segment held the highest market share in 2022, accounting for more than three-fourths of the global digital logistics market revenue, the growth of digital logistics in the large enterprise segment is poised for significant expansion.
  • However, the small and medium-sized enterprise segment is projected to attain the highest CAGR of 24.0% from 2022 to 2032.

Digital Logistics Market to Reach $155.3 Billion, Globally, by 2032 at 20.4% CAGR: Allied Market Research

Retrieved on: 
Monday, November 6, 2023

NEW CASTLE, Del., Nov. 6, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, "Digital Logistics Market by Component (Solution and Services), Function (Warehouse Management, Transportation Management and Workforce Management), Enterprise Size (Large Enterprise and Small and Medium Sized Enterprise), Deployment Mode (Cloud and On-Premises), and Industry Vertical (Retail and E-commerce, Manufacturing, Pharmaceuticals and Healthcare, Aerospace and Defense, Automotive, Energy and Utilities, and Others): Global Opportunity Analysis and Industry Forecast, 2023–2032". According to the report, the global digital logistics market size was valued at $24.8 billion in 2022, and is projected to reach $155.3 billion by 2032, growing at a CAGR of 20.4% from 2023 to 2032.

Key Points: 
  • Overall, the COVID-19 pandemic reshaped the digital logistics market by accelerating the adoption of technology-driven solutions.
  • However, the service segment is projected to attain the highest CAGR of 22.9% from 2023 to 2032, as the organizations continue to embrace digital logistics solutions.
  • Based on organization size, the large enterprise segment held the highest market share in 2022, accounting for more than three-fourths of the global digital logistics market revenue, the growth of digital logistics in the large enterprise segment is poised for significant expansion.
  • However, the small and medium-sized enterprise segment is projected to attain the highest CAGR of 24.0% from 2022 to 2032.

Vuzix Advances its Leadership Position in Waveguide Performance with New Vuzix INCOGNITO Technology

Retrieved on: 
Monday, November 6, 2023

Vuzix INCOGNITO technology virtually eliminates the forward eye glow typically associated with waveguide-based smart glasses.

Key Points: 
  • Vuzix INCOGNITO technology virtually eliminates the forward eye glow typically associated with waveguide-based smart glasses.
  • Vuzix INCOGNITO technology thereby improves the contrast of virtual images in the AR glasses and interaction with the external environment.
  • "Vuzix INCOGNITO technology makes the tech in a pair of AR smart glasses, or any other waveguide-based head-mounted display, virtually disappear.
  • We look forward to incorporating Vuzix INCOGNITO technology into both our standard and customized waveguide solutions as we concurrently begin to ramp waveguide production at our new high-volume, state-of-the-art manufacturing facility in the Rochester NY area."

WiMi Developed a Motor Imagery Brain-computer Interface Based on Multi-source Signal Processing

Retrieved on: 
Monday, November 6, 2023

BEIJING, Nov. 6, 2023 /PRNewswire/ -- WiMi Hologram Cloud Inc. (NASDAQ: WIMI) ("WiMi" or the "Company"), a leading global Hologram Augmented Reality ("AR") Technology provider, today announced that a motor imagery brain-computer interface (MI-BCI) based on multi-source signal processing has been developed.

Key Points: 
  • BEIJING, Nov. 6, 2023 /PRNewswire/ -- WiMi Hologram Cloud Inc. (NASDAQ: WIMI) ("WiMi" or the "Company"), a leading global Hologram Augmented Reality ("AR") Technology provider, today announced that a motor imagery brain-computer interface (MI-BCI) based on multi-source signal processing has been developed.
  • By introducing a multi-source signal processing approach, this innovative technology enables more accurate brain signal parsing and processing, providing users with higher control accuracy and wider application potential.
  • Its main features and key technology points:
    Multi-source signal processing: The technology employs an advanced multi-source signal processing method that utilizes multiple sources of EEG signals, not just channel signals.
  • Common spatial patterns (CSP): In the early stages of signal processing, CSP algorithms are applied to each sub-band to optimize the extraction of signal features.

World’s first city token, İzmir Token, attracts a 10 million TL investment from Sedat Ocakcı

Retrieved on: 
Wednesday, November 1, 2023

Chairman of Ocakcı Holding, a trailblazer in the production and R&D of cutting-edge technologies such as drones, AI, AR, and robotics under Metayıldız and TPR Bilişim brands, he has invested 10 million TL into Izmir Token.

Key Points: 
  • Chairman of Ocakcı Holding, a trailblazer in the production and R&D of cutting-edge technologies such as drones, AI, AR, and robotics under Metayıldız and TPR Bilişim brands, he has invested 10 million TL into Izmir Token.
  • View the full release here: https://www.businesswire.com/news/home/20231101321276/en/
    World’s first city token, İzmir Token, attracts a 10 million TL investment from Sedat Ocakcı (Photo: Business Wire)
    “It’s truly exhilarating to see the city token concept, a world-first, springing from Izmir, Türkiye’s crown jewel.
  • Our 10 million TL investment shows our enthusiasm and unwavering faith in the project’s potential.
  • Envisioned as the digital heartbeat of Izmir’s social scene, Izmir Token stands to benefit both investors and the city itself.

ResponsiveAds and DeepAR Launch Augmented Reality (AR) Shopping Ads for Halloween

Retrieved on: 
Tuesday, October 31, 2023

Digital creative automation trailblazer ResponsiveAds teams up with AR specialist DeepAR to debut Face AR and Body AR Virtual Try On (VTO) templates in the ResponsiveAds' Creative Marketplace for the Q4 holiday season.

Key Points: 
  • Digital creative automation trailblazer ResponsiveAds teams up with AR specialist DeepAR to debut Face AR and Body AR Virtual Try On (VTO) templates in the ResponsiveAds' Creative Marketplace for the Q4 holiday season.
  • Augmented Reality transforms apparel, beauty, fashion, and luxury marketing sectors, allowing customers to try-on products virtually and giving brands a fresh promotional edge, resulting in higher purchase rates and fewer returns.
  • The collaboration between ResponsiveAds and DeepAR enriches ad experiences, promising benefits for consumers, brands, and publishers CPMs for greater engagement and increased purchases.
  • Explore AR Ads for Your Wearables: Sign up for ResponsiveAds AR Solutions for a 30-day free trial - https://responsiveads.com/solutions/AR .

Industry Panel at AES Conference Discusses the Realities of Augmented Reality

Retrieved on: 
Tuesday, October 31, 2023

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20231031129900/en/
    Assisted Reality, not Augmented Reality, takes spotlight at Augmented Enterprise Summit.
  • “But the panel reveals the other reality, that assisted reality is the pragmatic choice bridging to the future because it’s a real-time dashboard, not the industrial metaverse."
  • Dr. Parkinson moderated a high energy panel last week to discuss the “State of XR” with several industry titans .
  • The speakers were united in their positive views of assisted reality, while sharing their challenges with AR, VR, and mixed reality.

Large Warehouses Embrace Automation: Driving Growth in the Smart Warehousing Market Amid Supply Chain Evolution - ResearchAndMarkets.com

Retrieved on: 
Monday, October 30, 2023

The global smart warehousing market is expected to experience remarkable growth, with projections indicating an increase from USD 20.4 billion in 2023 to a substantial USD 40.5 billion by 2028.

Key Points: 
  • The global smart warehousing market is expected to experience remarkable growth, with projections indicating an increase from USD 20.4 billion in 2023 to a substantial USD 40.5 billion by 2028.
  • This growth is anticipated to occur at a robust compound annual growth rate (CAGR) of 14.6% during the forecast period.
  • These technologies are in high demand due to the growing adoption of IoT, sensors, and AI for optimizing warehouse operations.
  • Smart warehousing solutions play a crucial role in this sector, ensuring visibility and efficient management of medicines and medical devices, tracking expiration dates, and maintaining controlled environmental conditions.