AIGC faces multiple hurdles in replacing human creators despite digital transformation: expert at internet civilization conference

AIGC faces multiple hurdles in replacing human creators despite digital transformation: expert at internet civilization conference

2024 China Internet Civilization Conference. Photo: Zhang Wanshi/GT AI-generated content (AIGC) still faces multiple challenges in replacing human creators despite the fact that it has transformed the way digital content is produced, Ding Wenhua, an academician of the Chinese Academy of Engineering, said on Thursday during the sub-forum of 2024 China Internet Civilization Conference held in Chengdu, Southwest China’s Sichuan Province. Ding said that at this stage AIGC struggles to replace human involvement in video production. He noted that some of the AI models still fall short in reflecting visual semantics through multiple shots, such as montage techniques, and lack the ability to convey complex stories through video, remaining significantly behind human capabilities. Compared with large language models, large vision models are significantly more complex. The development of AIGC encounters numerous technical challenges, including those related to computing power, data, and cost, Ding said. In less than two years, AI big models have made tremendous progress. There is potential for rapid advancements that could revolutionize production capabilities. With the current pace of development, the possibilities for AI are full of room for growth, according to Ding. During the sub-forum, experts also pointed out that AI is more than just […]

Digital Transformation Market Worth $3,289.4 Billion By 2030 - Exclusive Report By Marketsandmarketstm

Digital Transformation Market Worth $3,289.4 Billion By 2030 – Exclusive Report By Marketsandmarketstm

Share on Facebook Tweet on Twitter ( MENAFN – PR Newswire) North America is projected to hold the largest market share in Digital Transformation Market because to its robust technological infrastructure, high rate of technology adoption, and presence of large tech companies. Businesses in the region are making significant investments in digital transformation in order to boost customer satisfaction, increase operational effectiveness, and maintain a competitive edge over its rivals. Moreover this expansion is fueled by the growing need for cloud computing, artificial intelligence, and IoT solutions as well as the encouraging government regulations and significant R&D investments. The region is also bolstered by a highly skilled workforce and a culture of innovation, positioning North America as a leader in embracing and implementing digital transformation strategies during the forecast period. Inquire Before Buying@ Top Companies in Digital Transformation Market The major players in the Digital Transformation Market include IBM (US), Microsoft (US), Google (US), AWS (US), Cisco (US), and some of the key start-ups include Kissflow (US), ProcessMaker (US), Process Street (US), Laiye (China), and ElectroNeek (US). Browse Adjacent Markets : Software and Services Market Research Reports & Consulting Related Reports: Fintech as a Service Market – Global Forecast […]

Manufacturing enterprises in Yinchuan embrace digital transformation

Manufacturing enterprises in Yinchuan embrace digital transformation

A drone photo taken on Aug. 28, 2024 shows an automatic guided vehicle at a manufacturing enterprise in Yinchuan, northwest China’s Ningxia Hui Autonomous Region. In recent years, many manufacturing enterprises in Yinchuan have embraced digital transformation to improve production efficiency. [Photo/Xinhua] A staff member operates a laser carving machine to process aluminum plates at a new material enterprise in Yinchuan, northwest China’s Ningxia Hui Autonomous Region, Aug. 28, 2024. [Photo/Xinhua] In this aerial drone photo, a staff member operates digital equipment to process machine components at a manufacturing enterprise in Yinchuan, northwest China’s Ningxia Hui Autonomous Region, Aug. 28, 2024. [Photo/Xinhua] This photo taken on Aug. 28, 2024 shows an interior view of a 3D printer at a 3D printing factory in Yinchuan, northwest China’s Ningxia Hui Autonomous Region. [Photo/Xinhua] A staff member operates a 3D printer at a 3D printing factory in Yinchuan, northwest China’s Ningxia Hui Autonomous Region, Aug. 28, 2024. [Photo/Xinhua] A staff member works at a 3D printing factory in Yinchuan, northwest China’s Ningxia Hui Autonomous Region, Aug. 28, 2024. [Photo/Xinhua] A staff member operates digital equipment to process components at a manufacturing enterprise in Yinchuan, northwest China’s Ningxia Hui Autonomous Region, Aug. 28, […]

Driving Innovation in Warehousing: Insights from Prasanna Kumar Reddy Gurijala

Driving Innovation in Warehousing: Insights from Prasanna Kumar Reddy Gurijala

Home / Content / Specials / Driving Innovation in Warehousing: Insights from Prasanna Kumar Reddy Gurijala . Prasanna Kumar Reddy Gurijala In the rapidly evolving world of supply chain management, warehousing is undergoing a profound transformation. To explore the changes reshaping this sector, we spoke with Prasanna Kumar Reddy Gurijala of Mygo Consulting Inc, a noted expert in warehouse management innovations. His insights reveal how cutting-edge technologies are redefining warehousing practices and driving efficiency. Prasanna, certified in SAP Material Management and Sales Distribution, used his skill set and specialization to implement innovative methods in warehousing to improve efficiency, productivity, and resource utilization and minimize errors with cost savings in millions for the organization, leading to Digital transformation in Supply chain earning him ET Leadership Excellence Award 2024 for Excellence in Supply chain and Logistics Digital Transformation. During his work in the USA, he implemented and supported several SAP projects with his expertise in SAP EWM and SAP S/4 Hana. He utilized his skill sets to implement and support SAP in various Manufacturing and pharma companies, providing custom trailered solutions swiftly for complex issues to complete the projects on time. Prasanna Kumar Reddy Gurijala emphasizes the importance of robotics and […]

BUSINESSNEXT and MDSL Strengthen Partnership to Drive Digital Transformation in Jordan’s Banking Sector

BUSINESSNEXT and MDSL Strengthen Partnership to Drive Digital Transformation in Jordan’s Banking Sector

BEIRUT, Lebanon, Aug. 29, 2024 (GLOBE NEWSWIRE) — BUSINESSNEXT, a global leader in composable enterprise solution, and MDSL, an ITG company with a proven track record in delivering turnkey banking solutions, today completed eight years of partnership, accelerating digital transformation in Jordan’s banking sector. The two companies have been collaborating successfully for eight years, delivering innovative solutions to financial institutions in the region. This renewed commitment underscores their shared vision of empowering banks with cutting-edge technology to enhance customer experiences, optimize operations, and drive growth. BUSINESSNEXT’s comprehensive platform offers banks a unified view of their customers, enabling personalized interactions powered with predictive and generative AI capabilities. The platform enables modernized sales and service delivery across channels including website, chatbots, contact centre and branches. It also provides AI-driven digital lending and loan origination system to accelerate growth. MDSL’s expertise in core banking, digital banking, payments, and other critical banking infrastructure complements BUSINESSNEXT’s offerings, providing a holistic solution for banks seeking to modernize their operations. Through this partnership, Jordanian banks will benefit from: Accelerated digital transformation: Leveraging BUSINESSNEXT and MDSL’s combined strengths to rapidly implement innovative solutions. Enhanced customer experience: Delivering personalized and seamless customer journeys across all channels. Multiple deployment […]

IFC and Microsoft support digital transformation in Latin America and Caribbean

IFC and Microsoft support digital transformation in Latin America and Caribbean

The International Finance Corporation (IFC), the largest global development institution focused on the private sector in emerging markets, and tech giant Microsoft have signed a strategic agreement to identify and enhance investment opportunities in digital transformation across Latin America and the Caribbean. This collaboration, the partners explain, focuses on sectors such as mining, energy, smart cities, transportation and public services, with the goal of driving sustainable development and technological innovation in these industries throughout the region. Through this agreement, IFC — a member of the World Bank Group — will provide its clients with advisory services and financing aimed at digital transformation, while Microsoft will contribute its technological solutions. The partnership focuses on emerging technologies such as artificial intelligence (AI) to transform digital infrastructure, improve operational efficiency and boost the region’s productivity. Global spending on digital transformation is expected to reach nearly US$4 trillion by 2027, and Latin America is positioned to be a key part of this global push toward digital transformation. As the partners explain, in addition to optimising operations, the adoption of digital technologies plays a crucial role in promoting environmental sustainability. Innovative solutions, such as smart energy systems and resource management based on data analytics, […]

KAI: The new recruit preparing Kirby Group Engineering for the future

KAI: The new recruit preparing Kirby Group Engineering for the future

Irish firm, Kirby Group Engineering, has been recording strong and steady growth for several years and is on track to achieve revenue of more than €700m in 2024. Celebrating its 60th anniversary this year, the firm now employs over 1,600 employees across its bases in Ireland, the UK, mainland Europe and South Africa. Alongside this expansion, the company, which has its headquarters in Limerick, is investing in a range of methods and technologies to secure continued growth as the construction and engineering landscapes evolve for the future. A major element of this is ensuring the company is ready to thrive in a digital world. While recruitment continues alongside a growing list of clients and projects, Kirby recognized the potential of digital technology to allow teams to achieve even more. Associate director, Mark Danaher, knew the information was key to charting a way forward: “We undertook a company-wide audit to gauge how ready we were to ‘go digital’ in a bigger way. A detailed analysis was carried out with regard to our business and operational processes. Kirby then identified paper or manual-based tasks and investigated how digital solutions could save time. Getting our teams to work more efficiently is a […]

Digital Transformation for Circular Construction

Digital Transformation for Circular Construction

A brand-new course of the Civil, Environmental and Geomatic Engineering Department (D-BAUG) at ETH Zurich, aimed at Bachelor, Master and PhD students. The course was structured into two components: an interactive in-class segment and a hands-on practice segment. Each four-hour in-class session tackled one of the following technologies, all contextualized within circular construction: LiDAR scanning, photogrammetry, computer vision, robotics, computational design, 3D printing, blockchain technology, extended reality (XR), and immersive worlds (metaverse). Each lecture is divided into the following modules: Blended learning : we discussed key points of two pre-selected papers related to the technology of each class for which the students had to submit statements in advance. Flipped classroom : one group of 2-3 students per technology kicked off the lecture with a presentation based on their preliminary research. Foundational lecture : students followed a lecture that covers the foundational aspects of each technology and its significance in circular construction. Interactive activity : students engaged in hands-on activities with the technologies, like using LiDAR to map the ETH campus. Moodle quiz : the students’ understanding was further evaluated through a Moodle quiz. Guest lecture : at session’s end, experts from industry and government shared insights in an interactive […]

BUSINESSNEXT and Mannai InfoTech Form Strategic Partnership to Drive Digital Transformation in Qatar's Banking Sector

BUSINESSNEXT and Mannai InfoTech Form Strategic Partnership to Drive Digital Transformation in Qatar’s Banking Sector

/ EIN News / — DOHA, Qatar, Aug. 26, 2024 (GLOBE NEWSWIRE) — Qatar’s leading system integrator, Mannai InfoTech, an ICT Division under Mannai Trading Company WLL announces their strategic partnership with BUSINESSNEXT to drive digital transformation and craft next-generation customer experiences platform for banking. This partnership is set to transform the banking industry in Qatar, promising unparalleled enhancements in customer experiences, operational efficiencies, and business growth. The alliance between Mannai InfoTech and BUSINESSNEXT marks a significant blend of modern technology, domain expertise, business consultation and implementation services to deliver high-impact customer experience and relationship management solutions for the banks in Qatar. Recognized as a leader in Forrester Wave™ Financial Services CRM, 2023, with a user base of over a million bankers globally servicing more than a billion banking customers on its platform. BUSINESSNEXT offers cutting edge suite of solutions, including CRMNEXT, CUSTOMERNEXT, DATANEXT, and WORKNEXT, empowering the bank with specialized AI-powered and cloud-agnostic customer engagement platform, delivering easier, faster, and more personalized modern banking experiences. The alliance will bring unparalleled benefits to the Qatar banking sector with its specialized AI capabilities like personalized customer intelligence, onboarding journeys, risk rating models, accelerated back-office operations, product recommendations, smart bots, next-best […]

Huawei Accelerates Digital Transformation Throughout Malaysia's Automotive Value Chain

Huawei Accelerates Digital Transformation Throughout Malaysia’s Automotive Value Chain

KUALA LUMPUR, Malaysia, Aug. 28, 2024 /PRNewswire/ — Malaysia’s accelerated efforts to integrate advanced digital technologies such as cloud computing and intelligent connected vehicles into the electric vehicle (EV) and smart manufacturing sectors took centre-stage at the Huawei Malaysia Automotive Industrial Executive Symposium, hosted by Huawei Technologies (Malaysia) Sdn Bhd (Huawei Malaysia) recently. Continue Reading Mr Andy Wei, Vice President of Huawei Cloud in Malaysia, emphasised digital transformation in Malaysia’s automotive industry during his welcome speech at the Huawei Malaysia Automotive Industrial Executive Symposium. In his welcome speech, Mr Andy Wei, Vice President of Huawei Cloud in Malaysia lauded the Malaysian Government’s policies which he said have been a major driver of the automotive industry in Malaysia, adding that they welcome the Government’s intention of installing 10,000 EV public charging points by next year, 2025. "To meet these goals, there are several challenges we have to collectively face. The most important is a lack of infrastructure to support Malaysia’s advancement in new energy vehicles, such as the wide availability of charging stations. We also need to integrate cloud computing and IoT technologies and facilitate stronger collaboration within the automotive supply chain," he added. Mr Andy Wei said that as […]