Trending February 2024 # Warner Bros To Use Ai And Talent Analytics For Stars’ Worth Evaluation # Suggested March 2024 # Top 5 Popular

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The well-known motion pictures and entertainment company Warner Bros. has signed a deal with an AI startup, Cinelytic based in Los Angles. The movie giant will use the AI algorithms to predict the movie success at the box office which would subsequently help it with better decision making in regards to movies’ marketing and distribution. Cinelytic was co-founded four years ago by film producer Tobias Queisser and ex-NASA employee Dev Sen. According to the startup’s website, the forecasting tool put forward by Cinelytic was launched last year only which offers a unique set of industry insights. The company claims that the platform is able to accurately predict box office returns using a variety of data. In an interview with Hollywood Reporter, Queisser said, “The system can calculate in seconds what used to take days to assess by a human when it comes to general film package evaluation or a star’s worth.” The tool will help Warner Bros. to analyze whether films and TV shows should get made; which content to commission; and when it should be released. Moreover, Cinelytic’s tool can also assess the value of a star in any territory and predict how much a film is expected to make while leveraging several different release scenarios. AI management tool by Cinelytic provides ‘talent analytics’ of movie stars in a giant database, and ranks actors and actresses by their economic impact across the film industry along with their media type, genre, and key territories. Tonis Kiis, Senior Vice President, Warner Bros Pictures International Distribution said, “In our industry, we make tough decisions every day that affect what – and how – we produce and deliver films to theatres around the world, and the more precise our data is, the better we will be able to engage our audiences.” Furthermore, the Cinelytic CEO expressed his excitement to work with Warner Bros and said, “We are very excited to work with Warner Bros Pictures International, a leader in worldwide content, to bring the power of real-time predictive analytics to content and talent valuation decisions.” As noted by the Hollywood Reporter, while the platform won’t necessarily predict what will be the next US$1 billion surprise, like Warners’ hit Joker, it will reduce the amount of time executives spend on low-value, repetitive tasks and instead give them better dollar-figure parameters for packaging, marketing and distribution decisions, including release dates. Further, THR notes that, still, Hollywood fancies itself as a town that operates on gut instinct rather than algorithms, for better or for worse. And unlike Silicon Valley, the industry has been slow to use AI for more menial tasks like script breakdowns, fearful that it will take away jobs and make humans obsolete.

The well-known motion pictures and entertainment company Warner Bros. has signed a deal with an AI startup, Cinelytic based in Los Angles. The movie giant will use the AI algorithms to predict the movie success at the box office which would subsequently help it with better decision making in regards to movies’ marketing and distribution. Cinelytic was co-founded four years ago by film producer Tobias Queisser and ex-NASA employee Dev Sen. According to the startup’s website, the forecasting tool put forward by Cinelytic was launched last year only which offers a unique set of industry insights. The company claims that the platform is able to accurately predict box office returns using a variety of data. In an interview with Hollywood Reporter, Queisser said, “The system can calculate in seconds what used to take days to assess by a human when it comes to general film package evaluation or a star’s worth.” The tool will help Warner Bros. to analyze whether films and TV shows should get made; which content to commission; and when it should be released. Moreover, Cinelytic’s tool can also assess the value of a star in any territory and predict how much a film is expected to make while leveraging several different release scenarios. AI management tool by Cinelytic provides ‘talent analytics’ of movie stars in a giant database, and ranks actors and actresses by their economic impact across the film industry along with their media type, genre, and key territories. Tonis Kiis, Senior Vice President, Warner Bros Pictures International Distribution said, “In our industry, we make tough decisions every day that affect what – and how – we produce and deliver films to theatres around the world, and the more precise our data is, the better we will be able to engage our audiences.” Furthermore, the Cinelytic CEO expressed his excitement to work with Warner Bros and said, “We are very excited to work with Warner Bros Pictures International, a leader in worldwide content, to bring the power of real-time predictive analytics to content and talent valuation decisions.” As noted by the Hollywood Reporter, while the platform won’t necessarily predict what will be the next US$1 billion surprise, like Warners’ hit Joker, it will reduce the amount of time executives spend on low-value, repetitive tasks and instead give them better dollar-figure parameters for packaging, marketing and distribution decisions, including release dates. Further, THR notes that, still, Hollywood fancies itself as a town that operates on gut instinct rather than algorithms, for better or for worse. And unlike Silicon Valley, the industry has been slow to use AI for more menial tasks like script breakdowns, fearful that it will take away jobs and make humans obsolete. However, talking about its limitations and giving a counter to this narrative, Cinelytic CEO Tobias Quessier notes, AI is only a helpful tool in making decisions. He further said, “Artificial intelligence sounds scary. But right now, an AI cannot make any creative decisions. What it is good at is crunching numbers and breaking down huge data sets and showing patterns that would not be visible to humans. But for creative decision-making, you still need experience and gut instinct.”

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Ai In Analytics: How Ai Is Shaping Analytics In 2023 In 4 Ways

I started my career as a management consultant. Excel was our temple for analytics. For a recent graduate, macros and connected models perform miracles but albeit at great effort. However, our reach was extremely limited compared to the possibilities of today. We could not process anything with images, text, audio or video easily as non-technical users. Fast forward to today, and citizen data scientists are unleashing machine learning on all of companies data to run diagnostic, predictive, and prescriptive analytics.

In that regard, in this article, we plan to explain how exactly AI is transforming how analytics is done.

How is AI contributing to analytics capabilities?

More efficient thanks to automation,

More accessible thanks to improved UI, with Natural Language Processing enabling analytics tools to understand natural language queries,

And more powerful, since previously-difficult-to-analyze data, such as text and videos, are now easily analyzable.

Analytics is getting automated

Analytics is time consuming and analytics talent is expensive. The war for AI talent is well documented and impacts the cost and availability of analytics talent. Data scientist who compromise a significant share of modern analytics work force are also part of the AI workforce.

Therefore automating analytics tasks has significant potential value for firms.

Analysis (i.e. discovering insights and acting on them) is getting automated

AI systems are able to analyze data autonomously. Based on the results of analysis, they can take automated actions or highlight insights to employees who can decide the best course of action.

Setting up auto notifications based on simple rules has been possible since the early days of computing. Now companies can set up complex, machine learning based triggers to identify insights or automate actions. For example, a machine learning system that detects intruders to physical secure locations based on video feeds can take actions (e.g. by informing the intruder) or highlight the event to the human personnel.

Report preparation is getting automated, making analytics more accessible

Analytics are only as useful as long as it is accessible. Natural language generation (NLG) enables automated report preparation.

Analytics is becoming more accessible

We mentioned the increasing cost of analytics talent due to the increased demand for data science talent. Data scientists are expensive as they are PhDs or graduates of computer science and other quantitative fields who have an understanding of statistics and computation. This enables them to build complex models including machine learning models which can extract insights from data.

What if you did not need data scientists to extract insights from data? Users can use natural language to easily and intuitively find answers. This is supported through natural language (NL) query (also called natural language interaction – NLI or natural language user interaction – NLUI). For example, Thoughtspot, which enables companies to run complex analytics queries via natural language, raised ~250m on a ~2 billion valuation in 2023.

Scope of analytics is increasing thanks to AI Unstructured data is becoming analyzable thanks to AI

Excel and other legacy analytics tools are not effective at dealing with unstructured data such as text, audio and images. Advances in AI greatly expand the scope of analytics when compared to the days when excel was the primary analytics tool. Some ways that AI is becoming integrated in analytics includes these areas:

Natural language processing (NLP) enables analysis of text

Transcription enables speech analytics

Computer vision enables image and video analytics

Semi-structured data is becoming analyzable thanks to AI

A significant share of company data is locked up in semi-structured documents such as invoices, receipts, order forms etc. Deep learning based data extraction solutions enable companies to extract entities from their semi-structured data and use them to understand their business in more detail.

New techniques enable analysis of anonymized personally identifiable data, expanding scope of analytics

Anonymization via synthetic data is a rather old technology. However with the increasing demand for analytics and increasing protection of personal data, demand for anonymized data has increased. Numerous synthetic data vendors are enabling companies to create synthetic (machine-generated, anonymized but following the same distributions as the underlying personally identifiable data) copies of their customers so they can run detailed simulations and improve their offering.

Analysis is becoming more powerful thanks to AI

While simple regressions guided business decision making for hundreds of years, businesses now rely on machine learning. Machine learning is the use of statistical techniques to enable computers to identify and learn the patterns in the given data, rather than being programmed explicitly for a certain function.

Some analytics techniques that can be enhanced with AI and machine learning include:

Prediction: Using short and long term variability in data to enhance forecasting efforts.

Pattern recognition: Understanding normal trends in order to spot anomalies, as is often the case in fraud detection.

Classification algorithms: Grouping and organizing of data, includes clustering.

Which industries rely on AI in analytics?

All industries can benefit from AI-powered analytics. We had a deep-dive into:

Some tools that can make the analytics process easier include:

NameStatusNumber of Employees Apache PredictionIOPrivate1,001-5,000 AyasdiPrivate51-200 Einstein Analytics by SalesforcePublic10,000+ IBM CognosPublic10,000+ Infosys niaPublic10,001+ IperceptionsPrivate51-100 Microsoft Power BIPublic10,000+ MicroStrategy IncPublic1,001-5,000 Oracle Analytics ClousPublic10,000+ PurePredictivePrivate21-50 Qlik SensePrivate1,001-5,000 SAP Analytics CloudPublic10,000+ Sisense IncPrivate501-1,000 StatisticaPrivate10,001+ TableauPublic1,001-5,000 TelliusPrivate11-50 ThoughtSpotPrivate201-500 TIBCO Software IncPrivate1,001-5,000

For more on analytics

If you are interested in learning more on analytics, read:

Finally, if you believe your business would benefit from leveraging an analytics solution, we have data-driven lists of vendors on our analytics hub.

We will help you choose the best one suited to your needs:

Cem regularly speaks at international technology conferences. He graduated from Bogazici University as a computer engineer and holds an MBA from Columbia Business School.

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Diversity Hiring Tools For More Diverse Talent

Hiring bias emerges during job-listing creation, resume review and every other part of the hiring process.

Diversity hiring technology, such as blind resume review and AI-assisted job listing creation, seeks to counter these biases.

You should also consider hiring a PEO, involving more people in your hiring process and using several candidate sources.

This article is for business owners and hiring managers looking to diversify their hiring practices.

Diversity is a common topic of discussion for HR teams and internal recruiters, and with good reason. Few people question that a diverse team makes a company stronger. But finding the right pool of candidates can be a challenge.

It’s surprising where some of those challenges come from. Many people think subconscious bias during resume review could be the cause, and that’s one of the issues. But even the way you write your job descriptions can impact the kinds of candidates who apply.

There is good news: Technology is here to help. From skills-primary recommendations to AI resume review, a diverse talent pool is closer than you think.

Removing bias

Removing bias from the hiring process is tough. Corporations have tried to combat unconscious bias by creating diversity training programs. Still, critics and even some studies say that traditional diversity training is the least effective means of removing bias from hiring.

Thankfully, technology has provided several solutions to help remove bias, at least from the initial application.

Several applications allow companies to find candidates based solely on skills. Software like Toggl Hire allows applicants to take a skills-based test, and those who score lowest are weeded out of the pack of potential hires before anyone can make assumptions about gender or race. Those with better scores are forwarded on to those looking to hire.

Similarly, Pymetrics and GapJumpers use online surveys and quizzes without demographic information attached. Applicants answer questions on GapJumpers – which it calls “blind auditions” – and employers review the answers to decide if the applicant is worth pursuing. According to its website, GapJumpers sees underrepresented groups making up 60% of the top performers in blind auditions.

Pymetrics combines neuroscience games and AI to match people with jobs. After roughly 20 minutes of playing behavior-based games, the AI matches the results with a position profile. If there’s a match, the applicant moves on to the next round.

Going blind

Reviewing resumes remains part of the hiring process. That can be a detriment depending on your name or even where you live.

A 2013 National Bureau of Economic Research study found that applicants with ethnic-sounding names need to send out 50% more resumes than candidates with more traditional Caucasian names. A 2023 University of California, Berkeley study found that job applicants with seemingly Black names received callbacks from large employers 10% less often than other applicants.

Diversity hiring technology has a solution for this persistent problem: blind reviews.

Did You Know?

Job candidates who are Black, Latino and otherwise non-white often face hiring challenges based on their names alone.

Blind reviews can remove the temptation to make assumptions about candidates’ demographics and let their skills shine through as the most important piece of their resume.

One application enabling blind resume review is TalVista. The company’s redacted resume screening tool hides elements from the resume – such as name, gender and other identifiers – leaving only an applicant’s skills and experience for employers to review.

Blendoor also allows employers to focus on a candidate’s skills and background without demographically identifiable information by removing dates from job descriptions and highlighting essential pieces of an applicant’s background. Then, like on the dating app Tinder (but without pictures), companies can swipe to indicate interest in a candidate based solely on their qualifications.

Targeting diversity

Resume review isn’t the only place where bias can find its way into the hiring process. Even the way a job description is written can influence who applies. For instance, using words that appeal to a more masculine audience – like “challenging” or “aggressive” – can skew your applicant pool.

Thanks to predictive analytics and plenty of examples of successful and unsuccessful postings, it’s possible to adjust your descriptions to encourage a more diverse set of candidates to apply.

Textio, for instance, reviews job postings for gender or culture bias. The platform reviews more than 10 million job posts a month, as well as the outcomes of those posts, and uses that data to improve its algorithms. It then makes suggestions on how to change the wording of your post to achieve better results.

Tip

Learn more about being a diverse and inclusive company by reading about six companies with excellent diversity and inclusion policies. These companies hire people with a variety of skills and of various races and genders.

Net Worth Software: 8 Best To Use In 2023

Net Worth Software: 8 Best to Use in 2023

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Keeping track of your income and expenses can help you get a better understanding of your financial habits and needs.

Using financial tracking and managing software can help you save money, pay your bills in time, and see how you can increase your income.

Find below our suggestions for some of the best financial management software that can calculate your net worth, help you set budgets, and more.

Stay on top of your finances with this simple and intuitive software! Moneyspire comprises easy-to-use features to help you keep track of your income, set budgets, and automate recurring financial transactions.

Manage all your accounts including bank, credit cards, cash, investment, other asset, and other liability

Import OFX, QFX, QIF, and CSV documents from your financial institutions

Supports all world currencies and enables transfer between foreign accounts

Take control of your money!

While creating a financial plan, your budget is the ultimate key to success. It allows you to take control of your financial future and be confident about your spending and investments.

However, another key factor to successfully managing your financial progress is to track net worth.

By keeping track of your net worth with a financial app, you can measure your financial progress to determine your current debt and investment status.

Preparing a net worth statement is not just about tracking your finances but has more than one use.

For example, it can help you with the loan application, stay focused and motivated to achieve your financial goals and of course, know when you are ready to take retirement.

Your net worth plan consists of assets and liabilities. For assets, it is recommended to include cash, and assets that will appreciate over time such as real estate property.

Make sure you avoid adding assets that depreciate such as trucks or cars etc.

When it comes to liabilities, include everything from your student loan to credit card debt in the liability tab.

There are a good number of finance tracking tools that not only allows tracking net worth but also manage the budget, investment, and more.

In this article, we take a look at the best software to track net worth to make your personal finance management process simple and efficient.

When it comes to financial management software that offers the tools necessary to review net worth, track all your accounts, and handle loans, bills, budgets, and investments, Moneyspire is definitely a first-class option.

With Moneyspire you can manage either your personal finances, your business’s, or both. The tool is fully customizable to your own needs, so while it has a ton of features, it does not get overwhelming.

The tool is pretty easy to use and set up. When you first install it, you will have to fill in some information about your accounts, choose your currencies, and add your accounts.

If you have used financial software before, you can import the data into Moneyspire. It supports QIF, WMTF, OFX, QFX, and CSV files.

This is one of the top software used in finance because it supports all the currencies of the world, so regardless of what type of account you have and in what currency, Moneyspire can help you manage it.

It also supports all major types of accounts, including bank, credit card, cash, investment, other asset, and other liability.

The tool makes it easy to keep track of all aspects of your financial life. You can use it to create budgets, check your balance, and see reports on how much you spend and how you can adjust that to reach your budgeting goals.

The app can also help you handle taxes. It generates detailed reports on expenses that already contain your tax deductions.

Other key features of Moneyspire include:

Manage small business finance with income and expense reports, track customer invoices, and more

Unlimited number of accounts 

Track bill payments with automatic reminders

Print check

Create your own invoices

Fully customizable user interface with categories, data locations, 

All these features are included in the premium version. You can try them for free during the 30-day trial period.

The app also has a completely free version, but that’s a bit limited because it only lets you manage one account.

Moneyspire

Keep track of your net worth and handle your finances with this reliable tool that supports all currencies.

Free trial Visit website

With over $8 Billion in assets under management and a 1.9+ Million user base, Personal Capital is a one-stop destination to keep a tab on your finances and manage them.

Personal Capital offers a free finance management dashboard to the user that tracks your investments and automatically updates your net worth periodically. You can also download the app on your Android and iOS devices for easier access.

Personal Capital has two plans on offer. The free plan is for everyone who wants to track their net worth and acts as an investment aggregator. If you want Personal Capital to manage your finances and investment, you can opt for the premium plan.

The dashboard gives you access to all your linked accounts in one place and gets a real-time view to manage your entire financial life.

The fee Analyzer feature can save you from the hidden mutual fund fees to save money. You can compare your portfolio allocation to the ideal target location using the Investment Checkup tool.

Other key features of Personal Capital include:

Investment checkup

Budgeting assistance

Fee analyzer

Education expenses planner

Last but not the least, the Retirement Planner makes it easy to build, manage and predict your retirement all from one place.

You can link all of your bank accounts, credit cards, assets, retirement plans, liabilities, and investments to the software.

Quicken is available for both Windows and Mac users which means it is offline software. The software covers the essential features of a financial management tool including budgeting, bill payment, and investment tracking functionalities.

The latest version of Quicken comes with a Bill Alert feature that notifies of any pending due and makes a payment as well.

The dashboard provides a quick preview of your financial status. You can see what’s coming in and what’s going out. Check balance and receive alerts on the same.

Other features in Quicken include the ability to review your portfolio, monitor performance, create a budget, manage to spend and manage your property.

Unlike other personal finance tools, Quicken offers multiple plans. Users have the possibility to select the features included and thus not pay extra for what they won’t use.

Other key features of Quicken include:

Short and long term planning

Tracks all transactions

Remote accessibility

Clear and secure data protection

Quicken may not sound attractive to an average user looking for personal finance software, but someone requiring tools to fix their complex finance routines will appreciate the depth and feature it has on offer.

You can link all your financial accounts and keep track of your whole income information.

Tiller creates specific sheets for different types of financial actions. For your transactions, it will include information regarding the date, category, amount spent, the account that paid for the said transaction, and more.

This keeps you very well organized, offering you a quick but detailed view of all your expenses.

The tool also creates a separate sheet for your balances where you can see daily information about all the accounts linked.

This includes net worth, assets, banking, liabilities, and credit cards. You will be able to see real-time information as well as historical data that can help you better manage your money over time.

Other key features of Tiller include:

Expert tip:

⇒ Get Tiller

YNAB ( You Need a Budget) is a finance management software to track your spending and budget management. However, you can also use it to track your net worth.

It is a premium service that imposes a monthly or annual subscription fee. You get the best bang for your buck if you pick the annual plan.

However, if you are not sure about the service, you can try it out for free for 34 days. It will give you enough time to assess and evaluate the software to figure out its needs and use.

The app offers tools for monitoring income, expenses, and also instructional support to deal with the issues causing financial mismanagement.

You can use YNAB web-based dashboard or download the app on Android or iOS device to access the YNAB accounts.

YNAB is not as sophisticated as Personal Capital or even Mint for that matter, but for what’s it worth, it gets the job done and well.

Notable features offered by YNAB include budgeting, investment tracking, bill management, reconciling transaction, QFX and QIF file format support and online synchronization across your devices.

You can connect all of your bank accounts to YNAB to keep things up to date. You can access all the information related to your accounts from anywhere and also share the finance plans with your partner seamlessly.

Other key features of YNAB include:

Add-free

Powerful data encryption 

2-factor authentication

Real-time sync with all devices

Goal tracking

YNAB does not have a whole lot of features. Then again it does not try to be the jack of all trades but the master of one.

⇒ Get YNAB 

Mint is one of the most popular net worth tracking apps. It is a full finance management suite that is on par with Capital Control.

Mint automatically updates and shows the real-time data on the dashboard. The user interface is simple and easy to use with pretty graphs giving it a modern look.

Mint comes equipped with tools to create budgets, define goals and of course financial account aggregation.

Mint really shines when it comes to tracking your expenses and creating a budget. The software auto categorizes the transaction into pre-defined categories. While it works, the software does take some time to learn from your transaction types and put them in the right sections.

You can also use the software to track goals for your investment, debt settlement, and savings. The credit card score tracking feature offers a sneak preview of your credit score along with payment history and credit accounts.

Other key features of Mint include:

Categorize bank transactions

Secure 256-bit encryption and multi-factor authentication

Financial planning educational resources

Mint is an excellent personal finance tool with essential features to track net worth and manage finance on offer.

⇒ Get Mint – Personal Finance Tool 

Every Dollar is one of the well-known software in the personal finance space. It is a freemium app which means while you can use it for free, some features require a premium account.

The major difference between the free and plus version of Every Dollar is that in the free version you need to add the transaction manually while the premium version automates the same process.

Apart from tracking net worth, Every Dollar emphases on budgeting to help you with your spending plan and track your expenses to every last dollar.

It is easy to use and offers a detailed dashboard with all the options made easily accessible to the users.

To start using Every Dollar you need to signup for a free account. It has around eight different spending categories along with an option to create your own.

For each category, you can add details, make notes, track transaction and favorite it in case you are planning to use it on a regular basis.

There is a Funds account feature which is nothing but your saving accounts that you can set up on the software.

Other key features of EveryDollar include:

Debt tracking

Print transaction history

Financial education resources

On the flip side, the software is more expensive than other options on this list. However, just like YNAB, Every Dollar does excel at the features it offers without cluttering your dashboard with too many options.

⇒ Get Every Dollar 

Next on our list is yet another great personal finance and budgeting software built to provide the resources necessary to manage multiple types of financial needs and goals.

Pocketsmith is compatible with over 12 000 financial institutions across the globe, allowing users to connect all their accounts.

It lets you keep track of all types of financial accounts as well as assets and liabilities. Pocketsmith supports international currencies and includes an automatic conversion feature based on daily rates.

The tool automatically imports transaction history and financial data to keep track of all spending. It gives you the possibility to categorize, label, and annotate your spending.

The tool is also very useful when it comes to budgeting. It gives several options so you can create budgets and plans based on your needs and preferences.

The tool uses automatic algorithms to determine and predict bank balances up to 30 years into the future.

Along with that, it includes what-if scenarios that test hypothetical financial decisions and their outcomes.

This can be of great help as it may showcase results that you may not expect and give you a new perspective on your financial behavior.

Other key features of Pocketsmith include:

Pocketsmith has a free plan that includes useful personal finance features. It does require manual imports and supports 2 different accounts. For more tools and automatization, you also have the option to get one of the two paid plans.

⇒ Get Pocketsmith

Conclusion

Life is always good when your expenses are in your control. And these best software to track net worth help you effortlessly manage your finance and all the other miscellaneous expenses at one place.

To put it in simple terms, your Net worth = assets – liabilities. The net worth is bound to change over time, but tracking net worth allows you to monitor your financial health and keep it healthy.

Our recommended software to track net worth includes multi-purpose software that allows you to monitor your monitory status so that you stop living paycheck to paycheck and save more money while paying off your debt.

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Biotraq: Revolutionizing The Food Supply Chain With Iot, Ai And Data Analytics

Biotraq started to develop QualTrack™ in 2024, a platform that predicts, controls and alerts on the status of high-value products sensitive to their environment all along the supply chain. Biotraq was created with the vision to feed and look after 10 billion people in 2050 as there is no choice but to reduce losses in the Supply Chain. So, the company’s original mission statement was to develop a new cold chain, smart, safe and sustainable to help food industrials reduce avoidable waste. Interestingly, the first clients using Biotraq technology were all from the pharma world, showing that the company’s value proposition could apply to many other industries. Today, Biotraq addresses producers, whatever their industry, that can’t afford to lose their products, as they are highly sensitive to their environment, rare or just invaluable. With the company’s “tech for good” vision, Biotraq believes in the positive impacts of technology to make industries more proactive, flexible and transparent. Indeed, Biotraq still supports strongly the UN sustainable development goal of halving global food waste by 2030.  

The Brain Behind Biotraq

The company is led by Olivier Duchesne De Lamotte, CEO. After 22 years of heading investment teams in financial markets, Olivier decided to act on fighting food waste, a subject he always had in mind following a summer internship in Africa at the age of 21. Convinced about the potential of technology for good, he co-founded Biotraq with the aim to propose an easy-to-use solution for improving the safety and quality of products with real-time monitoring. With strong financial knowledge, Olivier has also developed cutting-edge expertise in the logistics sector which makes him aware of client needs.  

Smart Technologies with Validating Effects

The use of IoT solutions around the world has led to a massive collection of heterogeneous data. Without relevant analysis, this data has no added value. By remaining agnostic about sensors, Biotraq selects the most relevant ones for customer needs (data precision, battery life, communication network, price, etc.) and offers high added value services. With Biotraq’s artificial intelligence approach and mathematical models, the company supports decision-making optimization and provide real-time recommendations to its clients. Also, Biotraq has developed SMAQ, the first ever smart-contract for blockchain that validates the transition from one logistic phase to other thanks to a certified quality level. Biotraq acts as a 3rd party oracle, pushing products quality and safety calculations to blockchains for all stakeholders: B2B supply chain operators (producer, logistician, distributor), regulators and insurers, as well as end-consumers.  

Disruption Unleashing Factual Potential

Olivier believes that disruptive technologies are the necessary add-ons to unleash the true potential of IoT that allows IoT innovation to have a greater impact on operational activities. The multiplication of connected devices associated with data analysis, artificial intelligence and automation allow industries to have better control, much-improved risk-management through predictive actions and automated decision-making tools all along with their processes.  

Innovative Offerings Driving Improved Supply Chain

Also, QualTrack™ is a modular and interoperable platform that does not depend on a specific technology and stays open to IoT innovation. The company can, therefore, propose to customers a data analytics service on top of their own sensors’ infrastructure. From the outset, Biotraq has built a strong ecosystem. Based in Paris Station F and Rungis, the largest fresh food market in the world, Biotraq has developed closed links with leading-edge French universities such as AgroParisTech and Telecom ParisTech (R&D collaboration agreement), collaborates with IBM Food Trust and is a member of two competitiveness clusters Vitagora and Nov@log.  

Awards and Achievements

Among the awards Biotraq has received, some significant ones are mentioned below: •  2023: Best startup to invest in ‘Tech and IoT’ category according to Challenges economics magazine. The company has been recognized as the carrier of a real citizen and ecological commitment. •  2023: Coca Cola’s Favorite Prize at the CES Las Vegas. •  2024: Carrefour’s Favorite Prize for the Hello Tomorrow Challenge. Client’s feedback: “Biotraq’s innovative offer helps us to improve the tracking of our products to the end-consumer. Today, not only we know exactly where the products are but also in which conditions and we can instantly react in case of an emergency. As simple and easy-to-use, Biotraq’s solution allows us to increase our safety level, reduce losses and propose high added-value delivery service.”  

Going Beyond the Challenges

In the beginning, industries were not ready to use Biotraq’s data-driven solution as IoT technology was not sufficiently deployed, particularly in mobility. This led the company to a lot of market evangelization and low income. Biotraq’s first challenge has been to hold long enough to go beyond this phase and convince about its vision and start clients’ traction. Another major challenge was to move from the food sector (Company’s DNA) to other industries. Biotraq’s first MVP was only food-waste oriented, with a safety approach. It was therefore quite complex albeit useful. So, the company developed a new plug-and-play user-centric solution for every industry: QualTrack™. Oliver said that beyond the financial challenge inherent to any businesses, Biotraq must find the right resources to cope with the constant and rapid evolution of IoT solution if it wants to stay as innovative as desired to be.  

Looking to the Future

Oliver feels tomorrow’s IoT will have to process a huge amount of data efficiently and effectively. Enterprises will have to get the data to the right place, analyze it in the right context and provide the right information to the right people. In many cases, these actions will have to be taken in real-time or near real-time. Intelligent systems will have to determine which data to process locally and which must be routed to centralized facilities. To do this, it will not be enough to automate the process, but it will require a high degree of autonomy in which the machines will decide themselves how to proceed in a wide range of circumstances. To put it shortly, IoT will become Internet of Everything with decentralized intelligence directly at the sensor level.

Best Patio Chairs For Kicking Back Under The Sun And Stars

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With a little bit of planning, any outdoor space can feel like an extra room in your home. All you need to begin furnishing your patio is a chair or two, and you’ll have a special place to greet the day, gaze up at the stars, or enjoy a glass of wine with a friend. Patio chairs can be just as stylish as indoor living and dining room sets, but they’re also designed to withstand sun, rain, heat, cold, and humidity, so they can last across many seasons. These top picks show the range of options that will fit your lifestyle needs. 

Materials. Some models, such as the iconic slatted Adirondack chair, with its wide back and uniquely angled seat, can be found both poolside and on the edge of the woods. These chairs can be crafted from hardwood and may require refinishing, though, while models made out of plastics and recycled materials may not require special care. 

Cushions. If you’re looking for a little extra comfort in your patio chairs, designs with removable cushions are a smart choice. While outdoor cushions are often made with fabric that’s resistant to water, stains, and ultraviolet light, they can still get soaked through in a rainstorm or buried under a pile of snow. Fortunately, you can stow the cushions somewhere dry without having to move the chairs themselves. Cushions are also available in a range of colors for an easy and affordable refresh of your decor.

Function. The most versatile chair designs—such as café-style patio chairs with a straight back and flat seat—are great for dining and working at a table, but they’re not always the most comfortable for kicking back. Rocking chairs, lounge chairs with a built-in ottoman, and generous wicker armchairs, however, are less adaptable, but they still may become a favorite spot for your downtime or to give your guests a place to chill out as you make dinner.

Our Picks for the Best Patio Chairs on Amazon Runner Up: Walker Edison Rendezvous Modern 2 Piece Solid Acacia Wood Slat Back Outdoor Dining Chairs Great for Relaxing: Christopher Knight Home Selma Acacia Rocking Chair with Cushion

Christopher Knight Home

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Budget Pick: Amazon Basics Outdoor Patio Folding Rocking Chair

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