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UK fleet managers taking more cautious approach to AI tech adoption than European peers

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Only a third of UK-based fleet managers believe AI can improve access to data and drive actionable insights

Almost half (48%) of UK fleet managers say artificial intelligence (AI) will just add a layer of complexity to data analytics and fleet management; only 32% say it will make their lives easierThis contrasts to fleet managers on the continent, where there’s a strong belief that AI can improve their ability to access data and improve operationsGeotab carried out survey of 400 fleet managers in the UK and other European countries to discovered attitudes to new technology, efficiency and sustainabilityFull results of Geotab survey to be revealed at Mobility Connect 2024 (Milan, 22 October)Geotab Ace, a Generative AI assistant for fleet managers, can interrogate data and provide useful answers in seconds

LONDON, Oct. 17, 2024 /PRNewswire/ — Fleet managers in the UK are taking a more cautious approach to adopting artificial intelligence (AI) technology than their European colleagues. This is a key finding from the EU survey “Trusted data insights: what are your vehicles telling you?“, conducted by Geotab Inc. (“Geotab”) – a global leader in connected transportation solutions.

Published ahead of Mobility Connect 2024, Geotab’s premier European event  (22 October, Milan), the study surveyed 400 fleet managers in the UK, as well as in France, Germany, Ireland, Italy, Netherlands and Spain. The aim was to assess current companies’ maturity levels in terms of data usage, while identifying challenges and areas for improvement.

Only a third of UK-based fleet managers said they believed AI will improve access to data and drive actionable insights, while almost half (48%) suggested that the much discussed technology would in fact add a layer of complexity to data analytics and fleet management.

This contrasts to fleet managers on the continent, where there’s a much stronger belief that AI can improve their ability to access data and improve operations. Fleet managers from France (64%), Italy (60%), the Netherlands (59%), Spain (52%), Germany (51%) and Ireland (43%) all showed a greater trust in AI technology and a belief that it will enhance their ability to access data easily and quickly to drive actionable insights.

Geotab has launched its own Generative AI (GenAI) assistant for fleet managers, called Geotab Ace. Over 100 companies globally, including a number of Geotab partners, have signed up to be part of the programme to evaluate and provide feedback on Geotab Ace. Early adopters have worked with the GenAI assistant providing data-driven answers to more than 1,000 customer questions. Recurring topics include questions relating to driver risk and safety, diagnostic data and maintenance, fuel consumption and efficiency, and vehicle utilisation.

Geotab Ace is capable of processing vast quantities of data quickly, speeding up time to insight.  As an example, a response to a question such as “What are my fleet carbon emissions over the past 12 months?” can be provided in seconds. In this case, Geotab Ace uses filters such as data by fuel type, associated emission factors, and fuel consumption, while calculating thousands of vehicle data inputs over the year. With faster data insights and easy access to information, fleets can make better decisions for optimum performance including cost management.

“In a world where the amount of data collected is increasing every day, it is key that the vast majority of companies trust data insights to deliver business value,” said Edward Kulperger, Senior Vice President, Geotab EMEA. “The power of data can be further enhanced with advanced tools including AI and analytics. As the mobility market continues to address challenges associated with safety, sustainability and operating performance, leveraging data insights will continue to be crucial.”

Notes to Editors:

The data included in the press release result from a survey conducted by Dynata on behalf of Geotab in the period July-September 2024, on a sample of more than 400 fleet managers in France, Germany, Ireland, Italy, Netherlands, Spain and UK.

About Geotab:

Geotab is a global leader in connected transportation solutions. We provide telematics — vehicle and asset tracking — solutions to over 50,000 customers in 160 countries. For more than 20 years, we have invested in ground-breaking data research and innovation to enable partners and customers, including Fortune 500 and public sector organisations, to transform their fleets and operations. With over 4 million subscriptions and processing more than 75 billion data points a day, we help customers make better decisions, increase productivity, have safer fleets, and achieve their sustainability goals. Geotab’s open platform and Marketplace, offers hundreds of third-party solution options. Backed by a team of industry leading data scientists and AI experts, Geotab is unlocking the power of data to understand real-time and predictive analytics — solving for today’s challenges and tomorrow’s world. To learn more, visit www.geotab.com/uk  follow @GEOTAB on X and LinkedIn or visit the Geotab Blog.

Media contacts: James Parsons, jamesp@influenceemobility.com, Tel: 07725 257792

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Stoneridge, Inc. To Broadcast Its Third Quarter 2024 Conference Call On The Web

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October 17, 2024

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NOVI, Mich., Oct. 17, 2024 /PRNewswire/ — Stoneridge, Inc. (NYSE: SRI) will webcast its third quarter 2024 earnings conference call live on Thursday, October 31, 2024, at 9:00 a.m. ET with president and chief executive officer, Jim Zizelman, and chief financial officer, Matt Horvath.

The webcast can be accessed on the Presentations & Events page of the Investors section of the Company’s website, www.stoneridge.com. 

Stoneridge, Inc., headquartered in Novi, Michigan, is a global designer and manufacturer of highly engineered electrical and electronic systems, components and modules for the automotive, commercial, off-highway and agricultural vehicle markets. Additional information about Stoneridge can be found at www.stoneridge.com.

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SOURCE Stoneridge, Inc.

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Baylin Technologies Announces Deployment of Multibeam Antennas for Upcoming High-Profile Events at Rogers Stadium, Toronto and BC Place, Vancouver

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34 mins ago

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October 17, 2024

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TORONTO, Oct. 17, 2024 /CNW/ – Baylin Technologies Inc. (TSX: BYL) (the “Company”) is pleased to announce that its multibeam antennas have been selected for deployment for National Events at both Rogers Stadium, Toronto and BC Place, Vancouver.

The Galtronics multibeam antennas will provide coverage for several upcoming high-profile events, including Taylor Swift concerts in Toronto and Vancouver in November and December of this year.

“Antenna performance is increasingly important at stadiums. With the right connectivity, venue operators elevate the fan experience. Event attendees now expect the stadium experience to allow them to post to social media during the event, and video streaming capabilities are mandatory, not optional.” said Leighton Carroll, Baylin’s CEO.

Baylin’s patented multibeam antennas have now been sold and deployed by all three national carriers in Canada, all three national carriers in the USA and both national carriers in Mexico.

About Baylin

Baylin is a leading diversified global wireless technology company. Baylin focuses on research, design, development, manufacturing and sales of passive and active radio-frequency products, satellite communications products, and supporting services. Baylin aspires to exceed its customers’ needs and anticipate the direction of the market. For further information, please visit www.baylintech.com.

Forward Looking Statements

This press release includes forward-looking information and forward-looking statements (together, “forward-looking statements”) within the meaning of applicable securities laws. Forward-looking statements are not statements of historical fact. Rather, they are disclosure regarding conditions, developments, events or financial performance that we expect or anticipate may or will occur in the future, including, among other things, information or statements concerning our objectives and strategies to achieve those objectives, statements with respect to management’s beliefs, estimates, intentions and plans, and statements concerning anticipated future circumstances, events, expectations, operations, performance or results. Forward-looking statements can be identified generally by the use of forward looking terminology, such as “anticipate”, “believe”, “could” “should”, “would”, “estimate”, “expect”, “forecast”, “indicate”, “intend”, “likely, “may”, “outlook”, “plan”, “potential”, “project”, “seek”, “target”, “trend” or “will”, or the negative or other variations of these words or other comparable words or phrases, and are intended to identify forward-looking  statements, although not all forward-looking statements contain these words.

The forward-looking statements in this press release include statements regarding the quality and performance of the multibeam antennas. Forward-looking statements are based on certain assumptions and estimates made by us in light of the experience and perception of historical trends, current conditions, expected future developments, including projected growth and sales in passive and active radio frequency and terrestrial microwave products and services, and other factors we believe are appropriate and reasonable in the circumstances, but there can be no assurance that such assumptions and estimates will prove to be correct.

Many factors could cause our actual results, level of activity, performance or achievements or future events or developments to differ materially from those expressed or implied by the forward-looking statements, including the risk factors discussed in the Company’s most recent Annual Information Form, which is available on the Company’s profile on SEDAR+ at www.sedarplus.ca. All the forward-looking statements in this press release are qualified by these cautionary statements and other cautionary statements or factors in this press release. There can be no assurance that the actual results or developments will be realized or, even if substantially realized, will have the expected consequences to, or effects on, the Company. Unless required by applicable securities law, the Company does not intend and does not assume any obligation to update these forward-looking statements.

SOURCE Baylin Technologies Inc.

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DFIN to Announce Third-Quarter Results and Host Investor Conference Call on October 31, 2024

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34 mins ago

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October 17, 2024

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CHICAGO, Oct. 17, 2024 /PRNewswire/ — Donnelley Financial Solutions (NYSE: DFIN) will hold a conference call and webcast on Thursday, October 31, 2024, at 9:00 a.m. Eastern time to discuss its third-quarter fiscal year 2024 financial results, provide a general business update and respond to analyst questions.

A live webcast of the call will also be available on the Company’s investor relations website. Please visit investor.dfinsolutions.com at least fifteen minutes prior to the start of the event to register, download and install any necessary audio software.

If you are unable to participate live, a replay of the webcast will be available following the conference call on the Company’s investor relations website, along with the earnings press release, and related financial tables.

DFIN’s financial report for the third quarter will be released before the market opens on Thursday, October 31, 2024 via a filing with the SEC on Form 8-K and will also be posted on the Company’s investor relations website.

About Donnelley Financial Solutions (DFIN)
DFIN is a leading global provider of innovative software and technology-enabled financial regulatory and compliance solutions. We provide domain expertise, enterprise software and data analytics for every stage of our clients’ business and investment lifecycles. Markets fluctuate, regulations evolve, technology advances, and through it all, DFIN delivers confidence with the right solutions in moments that matter. Learn about DFIN’s end-to-end risk and compliance solutions online at DFINsolutions.com or you can also follow us on X (formerly Twitter) @DFINSolutions or on LinkedIn.

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SOURCE Donnelley Financial LLC

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