Connect with us

Technology

Students to Develop Urban Mobility Solutions Using AI

Published

2 weeks ago

on

In Otis’ Made to Move Communities™ global competition, students will apply Artificial Intelligence to enable more inclusive and sustainable mobility solutions.A student team from the Hong Kong Baptist University Affiliated School Wong Kam Fai Secondary and Primary School is representing Hong Kong in this competition

HONG KONG, Nov. 13, 2024 /PRNewswire/ — Artificial Intelligence is revolutionizing the speed, accuracy and scale at which complex challenges are addressed. Over the next several months, more than 250 students from dozens of schools representing more than 15 countries and territories around the world will participate in the Made to Move Communities challenge to propose innovative ways AI can improve urban mobility. They’ll be guided by volunteer mentors from Otis (NYSE: OTIS), the world’s leading elevator and escalator manufacturing, installation and service company.

“We believe that the next generation of innovation will use AI to make moving in and around cities easier and more efficient for all,” said Randi Tanguay, Otis Senior Vice President & Chief Communications Officer. “Today’s students are growing up as AI technology matures. They are actively engaged and quickly developing the skills to effectively use and apply it. With their innate curiosity and imagination, combined with the guidance of expert Otis volunteer mentors, I can’t wait to see the solutions these students come up with.”

Why AI

According to the World Bank, more than 56% of the world population currently lives in cities, and that number is expected to grow to nearly 70% by 2050. The current pace of rapid urbanization and global population growth has the potential to strain urban infrastructure, resulting in increased congestion, pollution, and inadequate public transit. These challenges can be even more acute in underserved neighborhoods and for people with special needs.

“AI is already reshaping transportation. It’s enabling self-driving cars, optimizing traffic flows, and even helping drones deliver packages and medicines to those in need,” said Ezhil Nanjappan, Otis Senior Vice President and Chief Technology Officer. “As we stand on the brink of the AI revolution, I’m excited to bring this transformational technology to the Made to Move Communities program – to brainstorm solutions to the mobility issues of today and tomorrow, while inspiring young minds and helping to close the STEM skills gap.”

For the first time – a global winner

Since 2020, Otis’ annual Made to Move Communities global student competition has engaged over 750 students and hundreds of Otis colleagues with the goal of addressing urban mobility challenges while sparking a lifelong interest in STEM. Participating schools have received nearly $1 million (USD) in grants from Otis to further STEM learning and programs in their schools.

Until now, students used to compete regionally, with a winning team selected in each of the four Otis regions. This year, for the first time, the four regional winning teams will compete in a final round to determine a global team champion. Student teams will need to share how their solutions to local challenges can be scaled globally, and the global team champion will receive an additional grant for their school.

Seven students from the Hong Kong Baptist University Affiliated School Wong Kam Fai Secondary and Primary School will take part. This is the second time the school will represent Hong Kong. “We are pleased to once again have the opportunity to represent Hong Kong in the competition. This platform allows our students to harness the power of Artificial Intelligence to tackle real-world urban mobility challenges. We are eager to see how their innovative ideas will transform into practical solutions and showcase their talents on a global stage.” Said by Ms. Jacqui KOO, Acting Deputy Principal cum Director of International Division, Hong Kong Baptist University Affiliated School Wong Kam Fai Secondary and Primary School.

Watch this video to learn more about Made to Move Communities and this year’s challenge: https://youtu.be/c1FwYeGhLp4

Visit otis.com/mtmc to learn more and follow Otis for updates from participating student teams.

About Otis

Otis gives people freedom to connect and thrive in a taller, faster, smarter world. The global leader in the manufacture, installation and servicing of elevators and escalators, we move 2.3 billion people a day and maintain approximately 2.3 million customer units worldwide – the industry’s largest Service portfolio. You’ll find us in the world’s most iconic structures, as well as residential and commercial buildings, transportation hubs and everywhere people are on the move. Headquartered in Connecticut, USA, Otis is 71,000 people strong, including 42,000 field professionals, all committed to meeting the diverse needs of our customers and passengers in more than 200 countries and territories. To learn more, visit www.otis.com and follow us on LinkedIn, Instagram and Facebook @OtisElevatorCo.

Media Enquiries: 

Michelle Mak
michelle.mak@otis.com  
852-9865 5331

 

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/students-to-develop-urban-mobility-solutions-using-ai-302303880.html

SOURCE Otis Elevator Company (H.K.) Limited

Related Topics:
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Final Week to Apply for IBSAT 2024, an MBA Entrance Exam in India

Published

2 seconds ago

on

November 26, 2024

By

IBSAT 2024: Final weeks to register

HYDERABAD, India, Nov. 26, 2024 /PRNewswire/ — IBSAT 2024, the proctored online aptitude test conducted by The ICFAI Foundation for Higher Education, is MBA aspirants’ gateway to premier MBA, PGPM offered at nine ICFAI Business School (IBS) campuses. With applications closing in the third week of December, this is the perfect time for the candidates to secure their future with IBS and explore its Rs. 10 crore scholarship program. 

Why is IBSAT 2024 unique?

IBSAT is designed to reduce the stress on aspirants unlike CAT, XAT as the test does not have negative markings or sectional time limits, allowing candidates to focus on their strengths. This two-hour online computer based remote-proctored test assesses applicants through multiple-choice questions in Verbal Ability, Reading Comprehension, Quantitative Aptitude, and Data Adequacy and Interpretation. 

As a practice opportunity, IBS is offering National Mock Tests on November 30th and December 7th, 2024, enabling aspirants to familiarise themselves with the IBSAT pattern and improve their performance. 

Scholarships: A path to rewarding education 

Writing IBSAT is mandatory to be eligible for scholarships worth Rs. 10 crore. The Top 500 IBSAT scorers will receive Rs. 2 lakh each, adjusted against the first and second installments of their program fee. Additional scholarships are available for wards of IBS alumni, physically challenged candidates, and wards of Defence and Paramilitary Forces personnel, reflecting IBS’s commitment to nurturing talent and promoting inclusivity. 

IBS Hyderabad: A benchmark in management education

NIRF Ranking 2024: Ranked 39th in the Management category, IBS Hyderabad stands out for its excellence in Teaching, Learning Resources, and its commitment to fostering an inclusive and outreach-driven educational environment.AACSB Accreditation: IBS Hyderabad is among a select group of institutions worldwide accredited by AACSB International, a prestigious recognition of quality and continuous improvement in business education.Leadership in Case-Based Learning: The IBS Case Research Center (IBS-CRC) sets global standards in management education, with eight authors featured in the 2023/24 ‘Top 50 Best Selling Case Authors’ list by The Case Centre—the highest representation from any single institution.Business Today Ranking 2024: IBS Hyderabad secured the 22nd position with an impressive score of 743.3/1000, reaffirming its reputation for delivering academic excellence and well-rounded management education.

Important dates

IBSAT Application Deadline: 3rd Week of December 2024 

Test Dates: December 28-29, 2024 

Result Announcement: January 1st Week, 2025 

Selection Briefings:  January 10th-19th, at 70 locations across India

Selection Process: February 15th-24th, at IBS Hyderabad, Hyderabad

A legacy of placement excellence 

With over 25 years of legacy, IBS continues to excel in creating industry-ready leaders. In 2024, 95% of students from IBS campuses have been placed in top companies across banking, finance, IT services, consulting, and manufacturing. The institution’s alumni network of over 70,000 professionals, including 10% in global roles, speaks volumes about its success in providing a world-class education. 

For further details on IBSAT 2024 or the admissions process at IBS ICFAI Business School, please visit https://ibsindia.org/ or contact the Admissions Office.

ICFAI Business School Admission Office
Plot No. 65, Nagarjuna Hills,
Punjagutta, Hyderabad – 500082,
Telangana
Ph: 040 – 23440963 (5 lines)
Email: ibsat@ibsindia.org

Logo: https://mma.prnewswire.com/media/1023356/IBS_Logo.jpg

 

View original content:https://www.prnewswire.com/in/news-releases/final-week-to-apply-for-ibsat-2024-an-mba-entrance-exam-in-india-302316280.html

Continue Reading

Technology

CCTV+: “A Dialogue Across Ancient Civilizations: Liangzhu and the World (With Greece)” premiered globally today

Published

4 seconds ago

on

November 26, 2024

By

BEIJING, Nov. 26, 2024 /PRNewswire/ — The second Liangzhu Forum was held in Hangzhou this Monday. Known as a witness to the 5000-year history of the Chinese civilization, Liangzhu has once again opened its arms to the world. This forum is not only a brilliant stage for promoting the Global Civilization Initiative, but also a solid bridge for fostering exchange, mutual learning, and the advancement of human civilization.

To better convey China’s views and tell its stories well, ZTV-WORLD of Zhejiang Media Group has launched a documentary on Liangzhu Culture under the guidance of the Publicity Department of the CPC Zhejiang Provincial Committee. The documentary, titled “A Dialogue Across Ancient Civilizations: Liangzhu and the World (With Greece)”, and premiered globally today, is part of an initiative to underscore the idea that “civilizations become richer and more colorful with exchanges and mutual learning”.

View original content to download multimedia:https://www.prnewswire.com/news-releases/cctv-a-dialogue-across-ancient-civilizations-liangzhu-and-the-world-with-greece-premiered-globally-today-302316283.html

SOURCE CCTV+

Continue Reading

Technology

Blue Ridge Partners Promotes Growth Strategist Nick Walmsley to Managing Director

Published

5 seconds ago

on

November 26, 2024

By

Global consultancy strengthens its European leadership team as part of ongoing growth strategy

LONDON, Nov. 26, 2024 /PRNewswire/ — Blue Ridge Partners is pleased to announce the promotion of Nick Walmsley to Managing Director, strengthening its European leadership team and commitment to client growth across the region.

Nick Walmsley, who joined Blue Ridge Partners in 2017, brings over 20 years of experience in growth strategy and investing. Throughout his tenure with the firm, Nick has consistently delivered exceptional results for clients, and his appointment to Managing Director reflects his dedication and impact. Prior to joining Blue Ridge Partners, Nick was founder and partner of a $500M AUM investment firm involved in over 200 transactions across Europe, North America, and Asia-Pacific. He began his career at Bain & Company, where he served in the private equity practice in both London and San Francisco.

“Nick has been an invaluable member of our team over the past seven years, demonstrating his ability to create value for our clients and our firm,” said Jim Corey, CEO of Blue Ridge Partners. “With his unique blend of consulting, operational, and investment management experience, Nick is exceptionally well-prepared to serve our clients as Managing Director.”

Blue Ridge Partners is delighted to have Nick step into this new role, further enhancing its capabilities to drive client success across Europe.

About Blue Ridge Partners:

Blue Ridge Partners is a global management consulting firm exclusively focused on helping companies accelerate profitable revenue growth. We have worked with more than 1,300 companies to improve their strategic understanding of markets and customers, deepen and expand their customer relationships, and enhance marketing and sales performance.

Our clients include over 130 private equity firms and their portfolio companies – supporting them during deal evaluation, due diligence, and post-acquisition. We have a reputation for helping companies grow faster by rolling up our sleeves, working collaboratively, and delivering measurable impact quickly and more efficiently than large consultancies.

For further information please contact us at info@blueridgepartners.com or visit us at www.blueridgepartners.com.

Photo – https://mma.prnewswire.com/media/2566976/Nick_Walmsley_Managing_Director_Blue_Ridge_Partners_Managment_Consulting.jpg
Logo – https://mma.prnewswire.com/media/2415897/Blue_Ridge_Partners_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/blue-ridge-partners-promotes-growth-strategist-nick-walmsley-to-managing-director-302315820.html

Continue Reading

Trending