Latest news with #NextWave
Geeky Gadgets
17 hours ago
- Business
- Geeky Gadgets
The Future of Online Shopping: How AI is Personalizing eCommerce Experiences
What if your next online shopping experience felt like it was designed just for you—every product recommendation spot-on, every interaction seamless, and every question answered instantly? This isn't a distant dream; it's the reality being shaped by artificial intelligence (AI) in eCommerce. With AI tools now capable of analyzing vast amounts of data, predicting customer preferences, and even generating personalized video content, the way we shop online is undergoing a profound transformation. In fact, businesses using AI-driven personalization have seen up to a 40% increase in revenue, proving that the future of eCommerce is not just about selling but about creating hyper-tailored experiences. But as exciting as this sounds, it raises a critical question: how can businesses harness this technology without losing the trust of their customers? This report by Next Wave provides more insights into the innovative innovations AI is bringing to eCommerce, from conversational AI that makes shopping as easy as chatting with a friend to immersive technologies like augmented reality (AR) that bridge the gap between digital and physical retail. You'll discover how AI is reshaping customer interactions, streamlining operations, and driving brand loyalty through tools like recommendation engines and video reviews. But it's not all smooth sailing—ethical considerations and data transparency are becoming just as important as the technology itself. As we explore these advancements and challenges, one thing becomes clear: the future of eCommerce isn't just about adopting AI; it's about using it responsibly to build deeper, more meaningful connections with customers. AI Transforming eCommerce How AI is Reshaping eCommerce AI has become an integral part of modern eCommerce platforms, allowing businesses to provide smarter, more intuitive shopping experiences. Conversational AI, such as chatbots and virtual assistants, allows customers to interact with brands seamlessly, simplifying product searches and facilitating direct purchases. Advanced large language models (LLMs), like OpenAI's GPT, are being integrated into these systems, enhancing their ability to understand and respond to customer queries. Platforms like Shopify are already using these technologies to improve customer interactions and streamline the shopping journey. Beyond conversational tools, AI enables businesses to analyze customer behavior and preferences with unparalleled precision. By integrating AI into your eCommerce strategy, you can make data-driven decisions, reduce operational inefficiencies, and deliver highly personalized experiences that resonate with your audience. This not only enhances customer satisfaction but also strengthens brand loyalty and drives revenue growth. The Growing Role of Video Content in Online Shopping Video content is becoming a cornerstone of eCommerce, offering an engaging and dynamic way to showcase products. Short-form videos on platforms like TikTok, Instagram, and Amazon are gaining popularity, providing authentic product demonstrations that capture customer attention. AI tools such as Viral enhance these videos by making them searchable, improving search engine optimization (SEO), and allowing targeted recommendations. Personalization is a critical factor in the success of video content. AI analyzes user preferences and behaviors to suggest tailored video recommendations, increasing engagement and conversion rates. For instance, if a customer searches for fitness equipment, they might receive personalized video tutorials or product reviews, helping them make informed purchasing decisions. This level of customization not only improves the shopping experience but also builds trust and credibility with your audience. The Future Of AI eCommerce Watch this video on YouTube. Discover other guides from our vast content that could be of interest on Artificial Intelligence (AI). Enhancing Customer Trust with Video ReviewsVideo reviews are emerging as a powerful tool for building trust and driving customer engagement in eCommerce. By incorporating QR code campaigns, businesses can encourage customers to share authentic, licensed video reviews, which add a layer of credibility to their brand. AI-driven tools analyze these reviews for sentiment, demographics, and product-specific insights, providing actionable feedback to refine product offerings and marketing strategies. Including video reviews on your platform enhances the shopping experience by offering genuine, user-generated content that customers can trust. Products backed by authentic reviews are more likely to convert potential buyers into loyal customers. This approach not only boosts sales but also fosters a sense of community and transparency, which are essential for long-term success in the competitive eCommerce market. AI-Driven Personalization and Insights AI excels at processing vast amounts of data to uncover patterns, trends, and actionable insights. In eCommerce, this capability is invaluable for understanding customer behavior, optimizing search engine performance, and identifying emerging market opportunities. AI-powered recommendation engines use this data to deliver personalized shopping experiences, making sure customers find products that align with their preferences and needs. For example, AI can analyze a customer's browsing history, purchase patterns, and even real-time interactions to suggest complementary products or services. This level of personalization not only enhances customer satisfaction but also increases the likelihood of additional purchases, driving revenue growth for businesses. By using AI-driven insights, you can create a more engaging and efficient shopping experience that keeps customers coming back. Emerging Trends and Innovations in AI for eCommerce The future of AI in eCommerce is filled with exciting possibilities. Technologies like augmented reality (AR) and virtual reality (VR) are poised to transform online shopping by offering immersive 3D experiences. These innovations allow customers to visualize products in their environment, bridging the gap between digital and physical retail. For example, AR tools can enable customers to see how furniture fits into their living space or how clothing looks when worn. Interactive displays and QR codes are also enhancing in-store shopping experiences, creating a seamless integration between online and offline channels. Meanwhile, conversational AI agents are becoming increasingly sophisticated, providing real-time customer support, answering questions, and offering personalized recommendations. These advancements not only improve the shopping experience but also help businesses stay competitive in an ever-evolving market. Addressing Challenges and Ethical Considerations While AI offers numerous benefits, it also presents challenges that businesses must address to ensure sustainable growth. Building trust and maintaining transparency in AI-driven transactions are critical. Customers need to feel confident that their data is being used responsibly and that AI-generated content is accurate and authentic. Ethical considerations are particularly important when it comes to user-generated content like video reviews. Businesses must ensure that AI tools do not manipulate or fabricate reviews, as this could damage trust and credibility. By prioritizing ethical AI practices, you can foster long-term customer loyalty and create a positive brand image. Additionally, staying informed about regulatory requirements and industry standards will help you navigate the complexities of AI implementation responsibly. Preparing Your Business for an AI-Driven Future To fully use the potential of AI in eCommerce, businesses must invest in training their teams to effectively use AI tools and techniques. Skills such as prompt engineering and data analysis are becoming increasingly important for maximizing the benefits of AI. By equipping your team with the necessary knowledge and resources, you can improve operational efficiency, enhance customer satisfaction, and drive innovation. Adopting AI-powered tools positions your business for a future defined by hyper-personalized, omni-channel shopping experiences. AI is not just a tool for improving operations—it is a strategic asset that can transform your business. By embracing AI, you can stay ahead of the competition, deliver exceptional customer experiences, and secure your brand's long-term success in an increasingly competitive market. Media Credit: The Next Wave – AI and the Future of Technology Filed Under: AI, Top News Latest Geeky Gadgets Deals Disclosure: Some of our articles include affiliate links. If you buy something through one of these links, Geeky Gadgets may earn an affiliate commission. Learn about our Disclosure Policy.
Phone Arena
16-05-2025
- Business
- Phone Arena
T-Mobile explains to the FCC why it couldn't have interfered with NextWave's 2.5GHz signals
A little over a year ago, we told you that NextWave, a company that offers secure and reliable mobile broadband via a private network to industrial and enterprise users, was having a beef with T-Mobile . NextWave controls 2.5 GHz spectrum (Band 41) in several major cities, including New York City. As many long-time PhoneArena readers know, this is the same frequency used by T-Mobile for its mid-band 5G service and is one of the reasons why the carrier is considered to be the top 5G provider in the U.S. T-Mobile has unleashed a new argument in this battle with the FCC and NextWave. In a filing submitted to the regulatory agency, T-Mobile says that if NextWave has no customers, it doesn't matter if it is operating within NextWave's spectrum range. According to T-Mobile , NextWave has not shown that it has built the facilities and is providing service to customers in the areas where it has been accused by NextWave of exceeding signal strength limits mentioned in the rules. As a result, T-Mobile says, "There is no basis for NextWave's continued complaints [about T-Mobile interfering with its signal]. NextWave offers 5G private networks using 2.5 GHz 5G mid-band spectrum. | Image credit-NextWave Getting even more to the point, the nation's second-largest wireless carrier told the FCC, "If there are no customers to serve, there can be no 'service' requiring a reduction in power." NextWave has a different take on this, of course, and earlier this month it reminded the FCC that the agency's role includes policing spectrum and dealing with interference. In this case, both go hand in hand. NextWave almost scolded the agency by saying, "Given the duration, severity and willful nature of T-Mobile 's misconduct for more than two years, it is now imperative for the commission to perform these duties ... and demand that T-Mobile immediately cease its unlawful operations." And while the FCC did issue the aforementioned two violation notices to T-Mobile , the latter says that it no longer needs to take any action at all. Replying to NextWave's latest response, T-Mobile says that it is the "first-in-time" provider in the 2.5GHz spectrum band in New York City. As a result, the wireless provider claims that it doesn't need to turn down the strength of its signal until a "second-in-time" provider actually needs to use the spectrum. And as far as things stand right now, T-Mobile claims that NextWave doesn't actually need to use the spectrum. T-Mobile notes in the filing that the "second-in-time" provider (NextWave) has the obligation to notify the "first-in-time" provider ( T-Mobile ) that it has completed construction of its facilities and has started providing service to customers. Obviously, NextWave has yet to inform T-Mobile that it has completed construction and has started offering service to customers. This could put T-Mobile in the driver's seat, although it will be up to the FCC to reverse the two violation notices it previously presented to the carrier. - T-Mobile T-Mobile says that this obligation is "consistent" with previous FCC decisions and would seem to give T-Mobile a shot at prevailing in a situation where it might snatch victory from the jaws of defeat. This is one of those cases where a subject matter drier than your grandma's turkey sandwich actually does have some juicy meat to it. We will continue to keep an eye on this battle and update you when appropriate.
New York Times
15-05-2025
- Entertainment
- New York Times
BAM Announces a Female-Led Next Wave and Fall Season
The Brooklyn Academy of Music will welcome its 42nd Next Wave festival this fall, with most works created by female artists, the performing arts center announced on Thursday. 'We led with women,' said Amy Cassello, who became BAM's artistic director last year after serving in the role as interim. 'It just felt like a good time to center women creatives.' The announcement comes at a time of financial fragility and leadership flux for the academy. BAM's staff has declined by more than a third in recent years, and its nearly $52 million operating budget is smaller than it was 10 years ago. But there is momentum, and audiences are growing. Next Wave will have 11 events, as it did last year, up from eight in 2023. That year, the festival scaled back to nearly half of the 2022 offerings amid staff layoffs. 'I feel confident that we have the number of shows that make a coherent statement,' Cassello said, adding, 'I wish there were more money to subsidize and support and invest in artistic work.' The festival opens with the choreographer Nora Chipaumire's 'Dambudzo' (Oct. 8-9), a blend of painting, sculpture, sound and performance, transforming the nearby performing arts space Roulette into a Zimbabwean house bar. The lineup also includes the French director Caroline Guiela Nguyen's 'LACRIMA' (Oct. 22, 24-26), a choral theater performance that, in a dark look at the fashion industry, traces the many hands across the world it takes to create a wedding dress for a British princess; Eiko Otake and Wen Hui's 'What Is War' (Oct. 21-25), a fusion of movement and video testimony about war and its aftermath on collective memory and the body; and the choreographer Leslie Cuyjet's 'For All Your Life' (Dec. 3-7), a solo performance interrogating the life insurance industry's ties to slavery. Next season will also feature a revival of Richard Move's dance-theater work 'Martha@BAM — The 1963 Interview' (Oct. 28 -Nov. 1), in which Move recreates a 1963 interview between Martha Graham (Move) and the critic Walter Terry (the playwright Lisa Kron) at the 92nd Street Y. BAM will also present a screening of 'The Mahabharata' (Sept. 18), a film adaptation of Peter Brook's nine-hour theatrical presentation of the Sanskrit epic that BAM staged in 1987 atthe theater now known as the Harvey Theater at BAM Strong. The Harvey will be the site of the screening of Brook's (much shorter) 1989 film, newly restored by his son, Simon Brook. The season concludes with a revival of the raucous post-rock opera 'What to Wear' (Jan. 15-17) by the avant-garde theater maker Richard Foreman, who died in January at 87. The hallucinatory work, with a score by Michael Gordon, will be conducted by Alan Pierson and directed by Paul Lazar and Annie-B Parson, and run as part of Prototype, the experimental New York opera festival. 'BAM has always been artist-centered and adventurous and risk-taking,' Cassello said, 'and I think that's absolutely necessary. Always has been.'
Yahoo
23-04-2025
- Business
- Yahoo
Video Surveillance Market Size Booms with CAGR 11.4% and Projected to Reach $ 122.81 Billion by 2031
NEW YORK, April 23, 2025 /PRNewswire/ -- According to a new comprehensive report from The Insight Partners, the global video surveillance market is observing healthy growth owing to the adoption and integration of cloud and artificial intelligence technology video surveillance systems. The report runs an in-depth analysis of market trends, key players, and future opportunities. Trade shows are a robust platform that allows companies to showcase their entire business at one booth, raising company awareness among customers. This is further boosting the market growth. To explore the valuable insights in the Video Surveillance Market report, you can easily download a sample PDF of the report - Overview of Report Findings Market Growth: The video surveillance market is expected to reach US$ 122.81 billion by 2031 from US$ 57.68 billion in 2024; it is expected to record a CAGR of 11.4% during the forecast period. The adoption of cloud-based video surveillance is driving the video surveillance market growth. According to Hanwha Vision's Peering into 2025: The Next Wave of Video Surveillance report, generative AI is most commonly employed in management systems such as VSaaS (Video Surveillance as a Service). This approach enables users to easily access specific video footage by simply addressing the scene using natural language. The generative AI video surveillance system intelligently evaluates the recorded video data and provides appropriate outcomes, which increases adoption among consumers and drives market growth. Growing Number of Smart City Projects: The development of smart cities with efficient urban management and seamless integration of digital technologies to enhance public safety is driving the market. As cities become more populated and complex, smart city initiatives aim to maximize municipal infrastructure and services by leveraging sophisticated technologies such as the Internet of Things (IoT), cloud, big data, and artificial intelligence. Video surveillance is crucial for such operations as it provides real-time monitoring, data collecting, and analysis, all of which are required to maintain order, improve security, and respond promptly to emergencies. Furthermore, the incorporation of video surveillance into smart cities effectively manage complex urban mobility and traffic management. With growing congestion and complexity in urban transportation networks, urban planners are highly rely on video surveillance to monitor traffic flow, manage traffic, and detect accidents in real time. Growing Demand for IP Cameras over Analog Cameras: Organizations in the security camera industries are shifting their operations to advanced technologies such as IP cameras over analog cameras. Analog cameras transmit raw video data via coaxial cable. These analog cameras are highly facing issues such as signal loss and leakage. This shifts consumers' preference to adopt IP (internet protocol) cameras that provide superior video quality. IP cameras send high-quality video as a digital signal, which reduces the possibility of degradation when the signal is carried by Wi-Fi rather than wires over long distances. Moreover, the most recent camera technology focuses on enhancing CCTV cameras, such as IP pan-tilt-zoom cameras, to make them smarter in a variety of ways, such as wider viewing areas. Integration of Generative AI in Video Surveillance: Generative AI is revolutionizing the video surveillance industry. AI-based video surveillance supports users in automatically monitoring the video of specific objects in real-time. This increases adoption among users by encouraging manufacturers to advance their portfolios. For instance, Honeywell HBT developed Advance Analytics (Ci2MS) powered by AI and deep learning technologies. The video system supports the enterprise to automatically monitor video for specific people, vehicles, or objects and provides real time alarms to detect 'abnormal' or 'suspicious' behaviors. Moreover, this next-generation technology empowers users to make optimal use of their surveillance systems by replacing the manually employed, time-consuming tasks of monitoring live video feeds through recorded video. Geographical Insights: In 2024, North America led the market with a substantial revenue share, followed by Europe and Asia Pacific, respectively. Asia Pacific is expected to register the highest CAGR during the forecast period. Market Segmentation Based on component, the global video surveillance market is divided into hardware, software, and services. The hardware segment is segmented into surveillance cameras, storage devices, and others. The software segment is segmented into video analytics and video management. The services segment is segmented into hosted service, managed service, and hybrid service. The hardware segment held the largest market share in 2024. By system, the global video surveillance market is segmented into analog systems, IP systems, and hybrid systems. The analog systems segment held the largest market share in 2024. On the basis of deployment, the global video surveillance market is segmented into on-premise and cloud. The cloud segment held the largest market share in 2024. In terms of end user, the global video surveillance market is segmented into retail, BFSI, IT & telecom, healthcare, and others. The retail segment held the largest market share in 2024. Stay Updated on The Latest Video Surveillance Market Trends: Competitive Strategy and Development Key Players: A few of the major companies operating in the global video surveillance market are Avigilon (Motorola Solutions Inc); Axis Communications AB; Bosch Security Systems; Cisco Systems Inc; Dahua Technologies Co Ltd; Hanwha Vision; Hikvision; Panasonic Corporation; Sony Corporation; and Teledyne Flir. Global Headlines on the Video Surveillance Market MEITY mandates new Rules for CCTV Cameras In November 2024, i-PRO launched a new line of High Zoom Bullet Cameras. FTC Staff Report of September 2024 Finds Large Social Media and Video Streaming Companies Have Engaged in Vast Surveillance of Users with Lax Privacy Controls and Inadequate Safeguards for Kids and Teens In June 2024, Zhejiang Dahua Technology Co., Ltd. partnered with Clear Digital to provide IP Surveillance hardware, Video Management Software, and other security products across New Zealand. In April 2024, Hanwha Vision Co., Ltd. (South Korea) collaborated with Allied Telesis, Inc. (US) to improve IP Camera Management for security applications. Purchase Premium Copy of Global Video Surveillance Market Size and Growth Report (2025-2031) at: Conclusion The global video surveillance market size is mainly supported by the rise in adoption across various industries including, retail, BFSI, IT & telecom, healthcare, and others. The retail industry is highly adopting video surveillance to continuously monitor their premises, protect assets, and ensure employee safety. Video surveillance benefits retail and other industries by providing real-time monitoring of infrastructure. Moreover, the integration of AI technology in video surveillance is significantly creating opportunities for market growth. AI-based video cameras installed along roads, highways, and crossroads can send data to centralized systems, allow users to optimize traffic light patterns, minimize congestion, and increase overall urban transportation efficiency. This type of surveillance, combined with advanced sensors and drones, enhances cities' adaptability and responsiveness to changing urban issues. Trending Related Reports: About Us: The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials. Contact Us: If you have any queries about this report or if you would like further information, please contact us: Contact Person: Ankit MathurE-mail: +1-646-491-9876 Logo: View original content: SOURCE The Insight Partners Sign in to access your portfolio
Yahoo
28-03-2025
- Business
- Yahoo
New RIPTA hub site eyed near train station, but project future uncertain.
The empty lawn between Providence Place mall and train station has become a leading site for a proposed Rhode Island Public Transit Authority bus hub, but the project's viability is in doubt because of the agency's fiscal woes. A consortium RIPTA hired at the start of last year to identify where a new state bus hub should go, what it should look like and how it should be paid for released its findings Thursday and named the Francis Street lot one of two targeted sites. The other is a short walk on the opposite side of the Providence Train Station on Park Row West. State officials have been working to move the state's central bus hub somewhere −possibly anywhere − other than its current home for more than a decade. And for much of that time, supporters of a new bus hub have hoped that building it inside of a larger private development will help provide a way to finance it. But RIPTA faces a projected $32 million budget deficit for the year starting July 1 and the report from the Next Wave Partners consortium acknowledges that multifamily construction is "challenging in any market" even before factoring in Trump administration tariffs and uncertainty around federal spending. The RIPTA Board of Directors discussed the Next Wave report Thursday afternoon, but did not take any vote on it. RIPTA CEO Christopher Durand said the agency still supports the new hub, but needs to sort out its money issues and do some hard thinking about the best way to proceed. "I think that there's obviously a lot of value to a new transit center especially colocated with rail, but it's got to be the right project, the right way," Durand said. "I think we've explored the idea of a transit-oriented development that could help offset the cost, maybe be at revenue source for RIPTA, help the operating budget. And I think as we worked with Next Wave, we exhausted those options and I just don't think, there's not a model that's materializing that would do what we need." Voters approved $35 million for a new bus hub in 2014 even though state officials at the time had not agreed on a location for one. Since then more than a dozen sites have been studied and several different detailed plans proposed − ranging from a mixed-use building on Dorrance Street to a tunnel under Kennedy Plaza − before being scrapped. RIPTA entered into a public-private partnership with Next Wave, which is lead by Gilbane Development and Marsella Development, that involves the consortium potentially planning, promoting, designing, financing and ultimately building the transit center. The amount of money the private group is paid depends on how far the project goes. A contract signed last year that would pay Next Wave $16.9 million if all six phases up to 60% design of a new hub were completed. Through two phases, RIPTA has paid Next Wave $2.5 million so far, spokeswoman Cristy Raposo Perry said. 'Over the past year we have solicited feedback from thousands of Rhode Islanders and completed an analysis of several possible sites for a new transit center," Durand said in an email. "While we are confident that a modern transit center can improve ridership, the downtown area and the rider experience, we are going to take our time to analyze the most viable options and the cost associated given the agency's current budget gap." Next Wave held public listening sessions on the bus hub last year that tested the popularity of different hub locations excluding Kennedy Plaza. After the sessions the group began focusing their work on land around the train station, specifically the Park Row property parcel owned by Capital Properties to the east of the station. In exploring ways to route buses into a hub there, the group was intrigued by the land to the west of the station, underneath which the northeast corridor tracks now pass. The land between the station and mall has been eyed for development before, but the complications associated with building over the tracks and dealing with the federal government have scared most plans off. The Next Wave report recommends RIPTA seeking a number of potential public funding sources to finance the bus hub including a federal Railroad Rehabilitation and Improvement Financing loan program. If the project includes apartments, Next Wave recommends making 30% of them below market rent to qualify for public affordable housing financing. Many transit advocates and riders want the state's central bus hub to remain at Kennedy Plaza. This article originally appeared on The Providence Journal: RIPTA eyes new site near Providence Place mall for bus hub
