Along with the COVID-19 outbreak, we started to know the significance of sustaining manufacturing in factories and workplaces, as we noticed shortcomings emerge within the provide chain. Before the pandemic, the price of occupational accidents reached $250 billion (practically TL 1.9 trillion) a 12 months. This determine surpasses the price of most cancers remedy, which has an annual invoice of $213 billion.
Intenseye takes the lead on this level and is making a big contribution to minimizing occupational accidents with the answer it presents. The aim of the profitable startup is to take its declare to the subsequent degree with international options. Intenseye, based by Sercan Esen and Serhat Çillidağ in 2018 by specializing in synthetic intelligence (AI) expertise, emphasizes that it’s attainable to unravel many of the occupational accidents with preventable expertise at an inexpensive price.
Cost of accidents is growing
Image processing expertise can be utilized not just for employee well being but in addition for high quality management. Startups resembling ProcessEye Studio, which specialise in AI expertise, are creating options that can be utilized in lots of locations, from meals manufacturing to the automotive trade. During the pandemic interval, it has grow to be extra vital to observe the well being of employees and to make sure that manufacturing continues with out interruption. The price of employee accidents continues to rise 12 months by 12 months. As costs proceed to climb, everybody from the businesses that pay compensation to injured employees to the society as an entire has lots to lose. Intenseye combines AI with computable video analytics, drawing consideration as a startup that makes a distinction with its new-generation software program that protects occupational well being and security within the office.
Moreover, the price of occupational accidents is gigantic and impacts tens of 1000’s of individuals every year, but little or no cash is spent defending well being and security employees. Taking its first steps at ITÜ Çekirdek, Intenseye manages to supply distinctive and detailed video evaluation with deep learning-based AI expertise.
Quality management is feasible
Tufan Kurtini, the founding companion of Process Eye, which acquired assist from Türk Telekom Pilot and Işbank Workup enterprise acceleration applications, shared their resolution.
“As ProcessEye, our initial motivation was to offer artificial intelligence-based image processing systems to automotive manufacturing companies in the first place, to offer quality control solutions and to increase the sectors we serve,” he mentioned. “However, when the automotive trade, like many different sectors, was severely affected all around the world, we began to show our focus to completely different areas. Considering the agenda, we used our synthetic intelligence infrastructure to regulate the danger of COVID-19 transmission and to develop numerous purposes for various sectors the place manufacturing is obtainable,” he mentioned.
“Thus, with the ProcessEye Studio we have developed, companies can improve their production processes, improve their quality control processes, reduce their production costs and integrate them into their own systems without having any software or coding knowledge,” Kurtini defined.
Cameras don’t decelerate web velocity
Using a plethora of cameras for the Intenseye resolution additionally requires breaking the routine by way of community administration. The impression of wi-fi IP cameras and wired safety cameras in your web bandwidth will not be as a lot as you would possibly suppose. Technology is enhancing on a regular basis, which suggests IP cameras have gotten extra adaptable and subsequently have much less impression on web connection velocity. For instance, H.264 cameras compress the recording to a smaller measurement. The variety of IT managers who view options on this regard conservatively is growing. Moreover, these infrastructure manufacturing websites are at all times the most important want.
Quality management options
As in lots of elements of the manufacturing section, the options of AI-based picture processing startups are used for high quality management techniques that require sure requirements of enterprise. ProcessEye Studio, which is among the many eighth-term startups of Türk Telekom’s startup acceleration program Pilot, presents a SaaS manufacturing and high quality management resolution that permits manufacturing firms to develop AI-based picture processing techniques. With ProcessEye Studio, firms can enhance their manufacturing processes, enhance their high quality management processes and combine them into their very own techniques with out having any software program or coding information to scale back manufacturing prices.
2 startups tie for finest in insurance coverage applied sciences
Data evaluation and synthetic intelligence (AI) startup Lumnion and danger distribution resolution CoSure received the identical rating amongst 100 candidates on the InsurTech Demo Day, the place insurance coverage expertise (insurtech) startups participated, co-winning first place.
Founded by Yıldız Teknopark in 2019 to assist startups within the insurance coverage trade, InsurTech Hub held the Online InsurTech Demo Day, the primary of the occasions deliberate for the insurance coverage trade throughout September. In the Online InsurTech Demo Day contest sponsored by Quick Sigorta, Lumnion and CoSure took first place collectively. While the value evaluation AI resolution B2Metric.AI got here in second, third place went to 11 Sight, which offers video assistant service.
AcerProfessional Chairman Fatih Acer, Yıldız Teknopark Deputy General Manager Isa Turgut Inci, Quick Sigorta General Manager Ahmet Yaşar, Quick Sigorta Deputy General Manager Pınar Güzey, Şirket Ortağım Partner Adem Duman and Mustafa Keçeli from APY Ventures have been among the many jury of the competitors, whereas 10 insurtech entrepreneurs who handed the preselection within the occasion launched their merchandise in 5 minutes.
“The winners will compete with insurtechs from all over the world at the Digital InsurTech Summit and will be able to introduce themselves to the world,” InsurTech Hub General Manager Emre Kutlu mentioned.
Gearing up for largest summit
Organizing the world’s largest insurtech occasions, InsurTech Connect (ITC) and Digital Insurance Agenda (DIA) will make greater than 30 digital, regional stops all over the world, highlighting new developments in native insurance coverage and the most recent in insurtech innovation. On the Turkey leg, Rob Galbraith from the United States, Karl Heinz Passler from Germany and lots of different insurtech leaders will communicate on the occasion. In addition, Cambridge Telematics, one of many largest telematics firms on the planet, will clarify its modern options.
The final occasion on this space in September might be ITC Global, the world’s largest insurtech summit held in Las Vegas. The newest insurtech developments and improvements in insurance coverage might be defined on this occasion, which is able to happen on-line this Monday by means of Wednesday. ITC Global, which might be attended by greater than 200 audio system, is ready for contributors with its 24-hour broadcast stream, one-to-one networking alternatives and entertaining exhibits. InsurTech Hub will provide free tickets to its member firms and reductions legitimate for the Turkish insurance coverage trade for nonmembers. You can go to www.insurtech.org to get extra details about occasions with restricted participation.