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CITIC Telecom CPC’s Data Science and Innovation Team Wins the Championship of “Material Demand Forecast” Award in the 5th China Industrial Internet Data Innovation...
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2021 was a bountiful year for CITIC Telecom CPC where its data science and innovation team has achieved new heights. CITIC Telecom CPC attained the highest honor and won the championship in the "Classification of Malware Families based on Artificial Intelligence" in the CCF Big Data & Computing Intelligence Contest (CCF BDCI) organized by the China Computer Federation. The latest award is the championship in the 5th China Industrial Internet Data Innovation and Application Contest. Lasted nearly 3 months, the contest attracted more than 6000 people from over 2200 teams to participate. The data science and innovation team of CITIC Telecom CPC entered the competition in the "Smart Material Demand Forecast in Discrete Manufacturing Industry" category. The team used different attribute correlation analysis and integrated various algorithms to generate the best predictive value of product material demand and finally won the championship.
With the theme "Digitization drives intelligence and provides insight into industrial future", the contest provides real industrial production and operational data according to the needs of real manufacturing enterprises. Based on historical data of raw material demands and inventory level, every team has to predict the demand of each raw material in every factory and provide periodic demand forecast results for the coming 3 months in order to advise the factory in terms of stocking and production. CITIC Telecom CPC's data science team collected the data and conducted materials, scenarios and relevant attribute correlation analysis based on time series, and integrated various algorithms like mathematical algorithms to do intelligence analysis, thereby generating the best predictive value and finally won the contest.
"Data science has been widely utilized in various industries. Its strong intelligent power and rapid development have reshaped traditional enterprises for digital transformation. We are honored to receive this award in recognition of our data experts and professional team's comprehensive capabilities in industrial internet demand scenarios, algorithms modeling expertise and AI analysis. It also shows our team's dedication in innovation and integrate the latest technologies into business values, which bear testimony to our corporate vision 'Innovation Never Stops'. We will continue to sharpen the professional skills of data science team, to prepare for our strong engagement in future research and innovation projects." said Mr. Esmond Li, CEO of CITIC Telecom CPC.
Enhancing forecast accuracy with intelligent innovation
Different industries across the globe are facing big challenges in their supply chain during the pandemic. Supply chain collaboration is of great importance to enterprises particularly in the discrete and complex manufacturing industry. It is important to maximize the power of ICT services as an enabler of using data resources and intelligent algorithms to enhance forecast accuracy. Cloud computing, digitalization and the Industrial Internet of Things (IIoT) empower enterprises to implement supply chain collaboration and smart production management, helping them significantly reduce cost, increase efficiency and risk resistance capability. In this contest, CITIC Telecom CPC made use of real data in industrial scenarios to conduct algorithm analysis and modeling through its self-developed AI platform for IT operations. The professional use of different attribute correlation analysis and the integration of various algorithms have generated the best predictive value. The result demonstrates the value and vision of intelligent innovation, harnessing CITIC Telecom CPC's extensive ICT infrastructure services and their integration with AI technology. By integrating the latest technologies like intelligent algorithms, AR, big data, blockchain and IoT into its existing service portfolio, CITIC Telecom CPC has successfully developed smart ICT services and new business values as well as broadening industry use cases to empower enterprises to unlock business potentials.
About CITIC Telecom CPC
We are CITIC Telecom International CPC Limited ("CITIC Telecom CPC"), a wholly-owned subsidiary of CITIC Telecom International Holdings Limited (SEHK: 1883), serving multinational enterprises the world over by addressing their specific ICT requirements with highly scalable tailored solutions built upon our flagship technology suites, comprising TrueCONNECT(TM) private network solutions, TrustCSI(TM) information security solutions, DataHOUSE(TM) cloud data center solutions, and SmartCLOUD(TM) cloud computing solutions.
With the motto "Innovation Never Stops," we leverage innovative technologies, embracing AI, AR, Big Data, IoT, and other cutting-edge emerging technologies to transform technical potential into business value for our customers. As an enterprise digital transformation partner, we strive to help our customers achieve industry-leading positions, high agility, and cost-efficiency through digitalization.
With our Global-Local capabilities, we are committed to providing our customers with one-stop-shop ICT solutions with superior quality. Having a worldwide footprint across 160 countries, including Asia, Europe and America, Africa, the Middle East, and Central Asia, our global network resources connect over 160 points of presence (POPs), 19 Cloud service centers, 30+ data centers, and two dedicated 24x7 Security Operations Centers (SOCs). As one of the first managed service providers in Hong Kong to achieve multiple ICT-related certifications, including ISO 9001, 14001, 20000, 27001, and 27017, we offer local professional services, superior delivery capabilities as well as exceptional customer experience and best practices through our global presence and extensive industry know-how, becoming a leading integrated intelligent ICT service provider to enterprise customers.
For more information, please visit www.citictel-cpc.com
Media Contacts:
Catherine YuenCITIC Telecom CPC
(852) 2170 7536
Email: [email protected]
Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.comCITIC Telecom International CPC Limited (CITIC Telecom CPC), a wholly-owned subsidiary of CITIC Telecom International Holdings Limited (SEHK: 1883), is honored to announce that its data science and innovation team has won the championship of "Material Demand Forecast" award in the 5th China Industrial Internet Data Innovation and Application Contest.
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Soft Space Enters into Strategic Partnership with JCB
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This strategic partnership is the first of its kind in Malaysia for the payment giant and involves a combination of US$5 million investment in Soft Space and a series of business collaborations that are aimed at capitalising on Soft Space's fintech-as-a-service business model, technology and regulatory knowhow, and JCB's global recognition, vast alliances and brand reach.
This is part of the first tranche of funding on the horizon for Soft Space with other investments to follow in the future. The partnership also demonstrates the confidence JCB has in Soft Space's management, technology portfolio and execution strategy in today's highly competitive fintech industry.
JCB owns and operates one of the largest payment schemes in Japan supporting about 37 million merchants and 140 million cardmembers around the world, by capitalising on Asia's economic growth. Backed by these assets, JCB has a vision to become "Asia's leading payment brand" and will expand the brand globally by leveraging its strength in Asia - especially in Southeast Asia ("SEA") - to become a competitive brand preferred by Japanese and international cardmembers.
To this end, JCB has targeted SEA as a strategic business enhancement region and has established its ASEAN Business Enhancement and Creation Department in Singapore last June to seek business opportunities within the region. This will serve as a template for further strategic alliances and investments within the region.
The strategic partnership with Soft Space also aims to harness synergies between the two parties and includes the expansion of JCB's merchant network, the establishment of card issuing solutions, and the provision of customer marketing solutions.
Other collaborative areas include, but not limited to, enhanced merchant acceptance, mobility-as-a-service (MaaS) and transit; payment gateways; cards-as-a-service (CaaS); white label services, API platform services and technical support services.
Both Soft Space and JCB are committed to accelerating cashless payment both in Malaysia and SEA by utilising competitive and advanced fintech technologies, thereby establishing a link between Japanese consumers to SEA.
"I am honoured to announce this investment and collaboration agreement. I believe this is not just an investment, but the first step towards realising the boundless possibility with Soft Space," said Yoshiki Kaneko, President & COO of JCB International Co. Ltd. "We are capitalising on this opportunity to expand and secure our business in SEA by utilising Soft Space's cutting-edge technology and robust network with the financial institutions. We are confident that this collaboration will go beyond Malaysia and expand across the globe."
"We are humbled by this investment by JCB," said Joel Tay, Chief Executive Officer of Soft Space. "Being JCB's first investee in Malaysia assures us that we are on track to develop financial solutions that will fortify payment acceptance between Japan and SEA, and benefit both regions when borders open up again. This bridge between our regions will also serve as a roadmap for us to enter other regions globally in the future."
Today, Soft Space has an expansive range of product offerings that span white-label e-wallet solutions to its flagship Tap to Phone technology, which is the world's first SoftPOS solution to support secure PIN entry. The solution has received endorsements from major card schemes such as Visa, UnionPay International, Mastercard and Malaysia's MyDebit, and has been deployed in some of the largest financial service institutions and corporate enterprises in the Middle East, North America, Europe, and Asia Pacific.
About Soft Space
Founded in 2012, Soft Space is the world's leading SoftPOS player headquartered in Kuala Lumpur, Malaysia. Soft Space simplifies the complexity of financial infrastructure and creates value-added features for businesses to expand their business growth. With over 30 financial institutions across 10 countries adopting its payment solutions, Soft Space is supported by MDEC's Global Acceleration and Innovation Network (GAIN) programme and received financial support through MIDA's Domestic Investment Strategic Fund in 2012. In 2018, Soft Space ranked 66th out of 1000 companies in Financial Times 'FT 1000: High Growth Companies in Asia Pacific' Special Report. Subsequently in 2020, Soft Space is also recognised as one of IDC's Fastest Growing Company in 2020. For more information, please visit: https://www.softspace.com.my/
Brenda Lim
Communications Executive
Tel: +603 7494 1222
Email: [email protected]
About JCB
JCB is a major global payment brand and a leading credit card issuer and acquirer in Japan. JCB launched its card business in Japan in 1961 and began expanding worldwide in 1981. Its acceptance network includes about 37 million merchants around the world. JCB Cards are issued mainly in Asian countries and territories, with more than 140 million cardmembers. As part of its international growth strategy, JCB has formed alliances with hundreds of leading banks and financial institutions globally to increase its merchant coverage and cardmember base. As a comprehensive payment solution provider, JCB commits to providing responsive and high-quality service and products to all customers worldwide. For more information, please visit: www.global.jcb/en/
Ayaka Nakajima
Corporate Communications
Tel: +81-3-5778-8353
Email: [email protected]
Copyright 2022 JCN Newswire. All rights reserved. www.jcnnewswire.comThe world's leading fintech player, Soft Space Sdn. Bhd. ("Soft Space"), has announced a new strategic partnership with Japan's only international payment brand, JCB Co. Ltd. ("JCB").
5 Key Supply Chain Technology Strategies that Fueled Resilience in 2021
Over the two years since the start of the pandemic, volatility has become the new normal: hampered by unexpected closures, service delays, and material scarcity, businesses today face unprecedented challenges. Lead times across industries reached record highs in 2021, and the continued need for safety regulations further complicated supply chain planning and capacity management. Governing bodies relaxed regulations for a time, only to then reinstate those same restrictions again during a surge.
Reopening has been halting and painful, but 2022 is expected to herald economic recovery thanks to broad population immunity and medical advances. As you plan your 2022 technology strategy, here’s a recap of the critical capabilities that enabled businesses to build supply chain resilience last year.
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