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SAS experts foresee government AI crossroads in 2025

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Will AI investments fuel a productivity boom or be overwhelmed by poor data, fraudsters and regulatory confusion?

CARY, N.C., Nov. 13, 2024 /PRNewswire/ — Government AI adoption is expected to rapidly accelerate in 2025, with 84% of government decision makers saying in a recent global study, Your Journey to a GenAI Future: A Strategic Path to Success for Government, that their organizations are planning to invest in GenAI in the next fiscal year. Will these investments spark a new age of productivity and efficiency? Or will the wave of AI hype crash on the rocks of government red tape, poor data quality and sophisticated crime?

“Countries that let AI fears guide them will see slower economic growth and reduced competitiveness and productivity.”

Government experts from global data and AI and leader SAS shared their thoughts.

Visit SAS 2025 Predictions for more trends and forecasts.

Internal obstacles to effective government AI usage will persist
“2025 will mark a greater gap between the perceived benefits of data and AI, and governments’ ability to benefit from it. There will be more funding for AI initiatives, but agencies will continue to face challenges deriving value from them due to a lack of digitalization, clear processes and data skills.”
Ensley Tan, Lead for Public Sector Consulting, SAS Asia Pacific

Unstructured data will be a gold mine for AI and productivity
“Fueled by the need for efficiency and ever dwindling resources, in 2025 governments will begin tapping unstructured data sources with AI to not only speed up processes but better inform policy and decision making. The days of throwing bodies at a problem are ending.”
Ian Kramer, Senior Manager, US Health Care Customer Advisory, SAS

Government AI fears and tolerances will have huge economic impacts
“Our world will see the emergence of an ‘algorithmic divide’ between governments that embrace AI innovation and those that fear it. Countries that innovate will thrive. Those that let AI fears guide them will see slower economic growth and reduced competitiveness and productivity.”
Shaun Barry, Global Director, Risk, Fraud & Compliance Solutions, SAS

Generative AI alone won’t be enough
“Government organizations concerned with the validity of generative AI approaches alone will explore multi-modal approaches for trustworthy and productive AI. Text analytics will gain prominence as a data quality solution for enhancing data to be fed into generative AI. This will increase productivity by empowering subject matter experts, versus replacing them.”
Tom Sabo, Principal Solutions Architect, SAS

Data management and governance will emerge as deciding factors for trustworthy AI success or failure
“It will always be the more mundane part of the AI life cycle, but data quality’s importance has never been greater as government agencies strive to avoid squandering AI investments. The use of trustworthy AI models will require trusted data first, so data management and governance will become foundational to the ‘trustworthy and ethical AI’ conversation.”
Mary Anne Hopper, Senior Manager, Management & Advisory Consulting, SAS

AI safety institutes will bring (some) order to regulatory chaos
“Concerns over patchwork AI regulations from the national to the local level will persist. However, we will see consistency in responsible AI principles emerge across borders, largely driven by AI safety institutes in Group of Seven countries and beyond. These institutes will be key to generating the interoperability needed to support cross-border collaboration and innovation.”
Reggie Townsend, Vice President, Data Ethics, SAS

AI governance won’t just be a risk mitigator
“AI governance will increasingly be seen not just as a necessary risk management practice but as a strategic enabler of faster innovation and increased productivity. Government agencies with strong AI governance will be able to execute AI projects with confidence, knowing they are minimizing risks related to bias, regulatory compliance and data quality. Consistent governance and standardized practices across agencies will also support integration and collaboration between departments, enabling agencies to leverage shared insights and resources.”
– Steven Tiell, Global Head of AI Governance, SAS

Democracy will remain threatened with truth buried by overwhelming information
“The rise of the new wave of generative AI and quantum computing marks a watershed point in history of the level of exposure that governments and citizens have to information. The task of finding truth whilst protecting our ethical societal values, given this context, becomes vital for the survival of our democracies and the trust in which citizens will increasingly need to have in our public services.”
– Afshin Almassi, Senior Manager, Public Sector, SAS Spain

Successful operationalization of open source AI models will require better data governance and enterprise ModelOps processes
With the steady increase of open source skills in the workforce and a growing inventory of open source AI models, government agencies will continue to face internal demands to use more open source data and models. But to unlock value in the public sector, being open is not enough – the use of open AI models will require enterprise-grade data governance and ModelOps processes to ensure the models operate at scale while also ensuring trustworthy and ethical usage that is aligned with an agency’s mission.
Jared Linck, Principal Solutions Architect, SAS

The battle will intensify between AI-empowered investigators and fraudsters
“Generative AI is lowering the bar of entry for fraudsters in all aspects of life. From health care and social benefits to procurement, the ease and volume of fraudulent activity will dramatically increase. Governments and industries are going to have to step up their game in the use of the same technologies to handle these increases.”
Tom Wriggins, Global Lead, Health Care Risk, Fraud & Compliance, SAS

“Tax agencies will adopt robust fraud detection and entity resolution capabilities in 2025 to fight the onslaught of synthetic IDs being created en masse by fraudsters using GenAI to commit tax and financial fraud.”
Teya Dyan, Principal Industry Consultant, Tax & Revenue Compliance, SAS

AI will become a crucial part of protecting people and property
“Spurred by historic flooding events and other natural and man-made disasters, government will increase investment in sensor and real-time applications for infrastructure, disaster management, energy management and public safety. There is an urgent need to have real-time situational awareness and make informed, intelligent decisions faster than ever before.”
Katy Salamati, Principal Industry Consultant, IoT & AI, SAS

“Coupling advanced analytics and assistive technologies such as generative AI will have a key role in identifying and mitigating public safety threats and harm to communities, while increasing productivity by reducing effort spent on repetitive, labor-intensive tasks.”
Steve Shirley, Director, Justice & Public Safety, SAS

Learn more about how SAS analytics and AI are helping government agencies face today’s challenges at https://www.sas.com/en_us/industry/government.html.

About SAS
SAS is a global leader in data and AI. With SAS software and industry-specific solutions, organizations transform data into trusted decisions. SAS gives you THE POWER TO KNOW®.

SAS and all other SAS Institute Inc. product or service names are registered trademarks or trademarks of SAS Institute Inc. in the USA and other countries. ® indicates USA registration. Other brand and product names are trademarks of their respective companies. Copyright © 2024 SAS Institute Inc. All rights reserved. 

Editorial Contact:
Trent Smith
trent.smith@sas.com
919-531-4726
sas.com/news

 

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Precision Meets Power: Vantage Marks 15 Years with New Anniversary Video, “The Ultimate Trading Machine”

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PORT VILA, Vanuatu, Nov. 14, 2024 /CNW/ — Celebrating 15 years of excellence, leading multi-asset broker Vantage Markets (or “Vantage”) has launched a video titled “The Ultimate Trading Machine*”, a tribute to 15 years of innovation, precision, and the relentless pursuit of empowering traders globally. The video encapsulates Vantage’s journey and reflects the bold, ambitious spirit of the brand.

 

“In the pursuit of excellence, precision and speed are everything,” the video states. For 15 years, Vantage has been at the forefront of innovation, continuously evolving to meet the needs of traders. From launching tools like the proprietary mobile app and Copy Trading platform, to integration with TradingView. In a latest assessment done by Investing.com, Vantage emerged top across multiple key metrics, including leverage, spread value, spread stability, no-slippage rate, market depth, and swap competitiveness, conducted during one of the most volatile periods – the U.S. elections. Vantage has consistently set new standards, solidifying its position as a global leader in online trading.

Since its inception, the company has secured licences in the UK, Australia, South Africa, the Cayman Islands, and Vanuatu, establishing itself as a trusted and regulated broker. Through the years, Vantage has been committed to being a model brand for traders, forging partnerships with esteemed organisations such as NEOM McLaren Extreme E, UNESCO, and UNHCR, ensuring that it contributes positively to society as well.

“For 15 years, Vantage has fueled ambition with tools that empower traders to unlock their full trading potential,” said Marc Despallieres, Chief Strategy and Trading Officer. “The Ultimate Trading Machine’ isn’t just a tagline—it’s our dedication to precision and progress.”

Geraldine Goh, Chief Marketing Officer, added, “This video captures Vantage’s journey—15 years of innovation, ambition, and dedication to empowering traders. Our goal is to inspire traders to aim higher, knowing Vantage will always be there, pushing the limits alongside them.”

Vantage’s journey continues with a focus on setting new industry standards, delivering cutting-edge features, and empowering traders to succeed.

Experience Vantage’s 15-year journey and see “The Ultimate Trading Machine” in action here.

Learn more about Vantage’s 15 anniversary here.

About Vantage

Vantage Markets (or Vantage) is a multi-asset CFD broker offering clients access to a nimble and powerful service for trading Contracts for Difference (CFDs) products, including Forex, Commodities, Indices, Shares, ETFs, and Bonds.

With over 15 years of market experience, Vantage transcends the role of broker, providing a trusted trading ecosystem, an award-winning mobile trading app, and a user-friendly trading platform that empowers clients to seize trading opportunities. Download the Vantage App on App Store or Google Play.

trade smarter @vantage

RISK WARNING: CFD trading carries significant risks. You could lose more than your initial investment.

*’The Ultimate Trading Machine’ is a marketing term and does not imply guaranteed performance.

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J&T Express Exceeds 100 Million Global Parcels Handled in a Single Day During Double 11, Driven by Strong Growth Across Multiple Regions

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HONG KONG, Nov. 14, 2024 /PRNewswire/ — J&T Global Express Limited (“J&T Express” or “J&T” or “the Company”, stock code: 01519), a global logistics service provider, announced a new milestone in its growth trajectory, surpassing 100 million parcels handled worldwide in a single day during this year’s Double 11 shopping festival on November 12th.

Double 11 is a traditional peak season for China and Southeast Asia. From October 20 to November 12, J&T Express saw significant growth in parcel volume in both markets. In China, the daily average parcel volume during this period reached nearly 66 million, a 25% year-over-year (“YoY”) increase, setting a new record. In Southeast Asia, the daily average parcel volume from November 1 to 11 exceeded 15 million, marking an impressive 73% YoY growth.

In anticipation of the expected surge in parcel volumes during the multiple year-end shopping festivals, J&T Express implemented early preparations across various markets, increasing investment in infrastructure and human resources to ensure operational efficiency and service quality. In China, based on business forecasts and actual production needs, J&T upgraded and renovated 32 sorting centers nationwide, expanding operating areas and improving timeliness. Over 600 distribution hubs and outlets were also upgraded across the country, with over 400 sets of automated equipment deployed to enhance operational capacity and effectively manage the peak parcel volume.

Benefiting from the vast growth potential of Southeast Asian markets and close collaboration with e-commerce clients, J&T Express anticipated the increase in e-commerce parcel volume during Double 11 and made proactive preparations. In September and October, J&T Express Vietnam deployed over 300 trucks, and the company constructed its largest sorting center in North Vietnam, equipped with advanced operating technology and equipment, which officially commenced its operations. This center boasts a parcel handling accuracy rate of 99.99%, significantly enhancing operational efficiency.

In Thailand, J&T Express upgraded four sorting centers and five distribution hubs, adding over 13 sets of automated equipment to boost operational capacity. As a result, the peak processing capacity of sorting centers increased by approximately 25%, and the distribution hubs saw a 20% improvement. Furthermore, J&T Express Thailand expanded its sorting area by approximately 19,000 square meters, added over 900 transport vehicles, and recruited over 3,800 personnel to meet the growing demand of sorting, delivery, and customer service sectors.

In other new markets, Black Friday (November 29th) marks the largest logistics peak season in Latin America. J&T Express has observed a significant upward trend in parcel volumes in Brazil and Mexico. To address the upcoming peak, J&T Express in both countries has proactively invested in infrastructure and human resources, upgrading automated equipment to meet the high-quality express service demands of both clients and consumers.

“J&T Express exceeding 100 million global parcels handled in a single day during Double 11, setting a historic record, demonstrates our robust operational capabilities and unwavering commitment to serving our global customers,” said Charles Hou, Vice President of J&T Express. “We will continue to invest in infrastructure and resource allocation across various markets, focusing on network optimization and service enhancement to ensure efficient and reliable logistics services for global users during peak seasons, meeting the ever-growing global market demands.”

About J&T Express

J&T Express is a global logistics service provider with leading express delivery businesses in Southeast Asia and China, the largest and fastest-growing market in the world. Founded in 2015, J&T Express’ network spans thirteen countries, including Indonesia, Vietnam, Malaysia, the Philippines, Thailand, Cambodia, Singapore, China, Saudi Arabia, the UAE, Mexico, Brazil and Egypt. Adhering to its “customer-oriented and efficiency-based” mission, J&T Express is committed to providing customers with integrated logistics solutions through intelligent infrastructure and digital logistics network, as part of its global strategy to connect the world with greater efficiency and bring logistical benefits to all.

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CHINT’s CHX120 Integrated DC Meters Offer a Reliable and Precise Solution

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SHANGHAI, Nov. 14, 2024 /PRNewswire/ — (CHINT )The global shift towards electric vehicles (EVs) and renewable energy solutions has increased the demand for accurate and reliable DC metering technologies. DC meters play a crucial role in charging systems, where precise energy measurement is vital to ensure transparency, efficiency, and fairness for both operators and consumers.

DC meters are primarily designed for electric vehicle charging stations, where high precision and reliability are essential. The CHINT CHX120 is an innovative DC meter designed specifically for EV charging stations and other high-demand DC metering environments. Key features include:

Integrated Design: Shunt and meter combined in a single unit, reducing space and simplifying installation.High-Precision Measurement: Accurate readings for both forward and reverse energy flows, ensuring reliable billing.Multi-Tariff and Time Period Support: Supports up to 12 tariffs and 24 time periods for flexible energy pricing.Intelligent Temperature Monitoring: Monitors temperature to ensure safe operation and extend equipment lifespan.Strong Communication Compatibility: Compatible with RS-485, Modbus, and other protocols for seamless system integration.Diverse Shunt Specifications: Offers various shunt sizes, supporting currents up to 650A for high-power applications.Dual Sealing: Features physical and electronic seals for enhanced security and tamper resistance.Strong Data Storage Functionality: Stores up to 100 charging cycles and preserves data for 10 years during power outages.

The CHX120 is perfect for electric vehicle charging stations and other DC metering scenarios where high precision, safety, and reliability are crucial. It is particularly suited for high-power charging applications and systems requiring robust performance and long-term data storage.

In summary, DC meters are essential components in modern energy systems, particularly in electric vehicle charging infrastructure. Their ability to accurately measure energy consumption, communicate data remotely, and integrate seamlessly into complex systems makes them invaluable for both operators and consumers. The CHINT CHX120 is a standout DC energy meter that combines cutting-edge technology with practical design, offering a reliable and precise solution for today’s DC metering needs.

By understanding the principles, technology, and application of DC meters, businesses and consumers can make informed decisions to optimize energy usage and improve operational efficiency.

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