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Hikvision showcases AIoT advancements for building a better world at the 2024 Shaping Intelligence Summit

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HANGZHOU, China, Nov. 5, 2024 /CNW/ — Hikvision successfully hosted its 2024 Shaping Intelligence Summit from October 28 to 31, in Hangzhou, China. During the summit, Hikvision and its global partners explored the latest innovations in AIoT (AI-powered Internet of Things) and highlighted the importance of industry collaborations in building a better world through technology.

Unlocking future opportunities with AIoT technologies

Hikvision is at the forefront of AIoT technologies, continuously pushing the limits of hardware performance and image quality. At the summit, Hikvision introduced its advanced AI-ISP technology to significantly reduce image noise and address motion blur in low-light environments. With innovations like ShotN and AWDR technologies, Hikvision is enhancing clarity and detail in imaging. Moreover, it has expanded its range of environment-adaptive products, including solar-powered cameras for off-grid locations and self-cleaning cameras for automatic maintenance.

Beyond visible light technology advancements, Hikvision is pioneering more perception applications using millimeter waves, infrared, X-ray, and sound waves. Based on multi-dimensional perception technologies, Hikvision provides scenario-based solutions to help various industries improve security and operational efficiency, including manufacturing, energy, retail, smart buildings, traffic, and more.

For instance, in the energy sector, Hikvision has developed an intelligent inspection system for a power plant in Shouguang, China, that utilizes video and lasers to detect anomalies in coal transport belts, significantly improving safety and efficiency.

In the traffic sector, Hikvision’s green wave solution has greatly reduced congestion and improved road efficiency on a main road in Zhoushan, China. Over a stretch of 21 kilometers with 34 intersections, travel times on the main road have been cut by 50%.

“Hikvision will continue to go deeply into AIoT technologies, expanding its AIoT product portfolio and pushing the boundaries of innovation with AIoT. We will continually deliver customer-centric solutions and further the application of AIoT across verticals to boost digital transformation,” said Gatling Chen, Solution Director at Hikvision.

Accelerating growth through open collaboration

At the summit, Hikvision and its partners emphasized that open collaboration is crucial to meeting the diverse needs of the AIoT landscape.

Hikvision has crafted open platforms and tools for technology partners, aiming at accelerating digital transformation across industries, such as the Hikvision Embedded Open Platform (HEOP) for seamless third-party application integration. Hikvision also further introduced its OTAP protocol, which is vital in AIoT by standardizing device communication. The protocol is designed to be simple and easy to implement, reducing development time and costs.

During the summit, Hikvision partners and clients actively engaged in sharing their innovative solutions and success stories, offering insightful presentations and discussions that illustrate their collaborative efforts with Hikvision. These exchanges provided a platform for attendees to explore cutting-edge technologies, applications and best practices for enhancing security, efficiency, and sustainability in the daily operations across their specific industries.

“We believe that by enabling innovation through openness, we will provide stronger and more flexible solutions to meet each market challenge, and that ultimately this will convert into more business for our channel partners and installers,” said Felix Fu, Global Technology Partnership Manager at Hikvision.

Harnessing AIoT to shape a better world

Guided by the principle “Tech for a Better World,” Hikvision reaffirmed its dedication to leveraging technology for positive impacts. In 2024, Hikvision joined the United Nations Global Compact, aligning its strategies with the UN Sustainable Development Goals.

To prioritize sustainability, Hikvision builds a foundation with its eco-friendly products. For example, its LED displays use up to 90% recycled aluminum in their casings and entirely recycled materials for packaging. Hikvision LED products earned the Green Product Mark certification by TÜV Rheinland, the first in the LED display industry to achieve this distinction.

Hikvision’s products are not only sustainably designed but also tailored for sustainable development. For instance, its vegetation monitoring devices observe crop growth status in real-time. In the fish farming industry, it provides bullet network cameras to help observe the movements of salmon. In solar power stations, by equipping AIoT devices, Hikvision has helped reduce the time required of a standard inspection procedure from 2 days to just 4 hours, empowering low-carbon development.

To enhance ecological protection, Hikvision launched its flagship STAR Program for Social Good, expanding its partnerships with non-profit organizations. One notable example is in Africa, where the urgent need for conservation arises from the rapid decline in wildlife. Since 2023, Hikvision has partnered with Africam, a wildlife protection organization, to safeguard African wildlife and their habitats. This initiative underscores Hikvision’s long-term effort to preserve biodiversity, practice social responsibility and foster a sustainable future.

Looking ahead, Hikvision will continue collaborating with its partners worldwide to explore new possibilities in AIoT capabilities, bringing about more sustainable changes and shape a better world.

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SOURCE Hikvision Digital Technology

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Qatar Development Bank announces strategic investment in global Islamic FinTech, Wahed

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November 24, 2024

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DOHA, Qatar, Nov. 24, 2024 /PRNewswire/ — Qatar Development Bank (QDB) announces a strategic investment in Wahed, a global Shariah-compliant fintech.

Wahed currently manages over $1 billion in assets and has attracted over 400,000 clients worldwide. The company is built on the principles of democratizing access to financial services and offers clients access to Shariah-compliant investments in its mobile app. Wahed removes the barriers to sophisticated investment management services that have been traditionally reserved for high-net-worth investors.

Khalid Al Jassim, Executive Chairman of Wahed MENA said: ‘We are delighted to welcome our new shareholders, QDB. We believe Qatar is fully aligned with our mission in creating a technology-first Islamic finance leader that unlocks a financial ecosystem free from Riba. We look forward to supporting the Qatar National Vision 2030 of becoming a leading knowledge-based economy.

Ali Rahimtula, Partner at Cue Ball Capital said: “Qatar Development Bank’s strategic investment is a clear signal of the faith the industry has in Wahed and its ability to create the future of Islamic Finance.”

About Wahed

Founded in 2015, Wahed is a financial technology company that is advancing financial inclusion through accessible, affordable, and values-based investing. The company has made significant inroads in the world Shariah compliant investing by creating an easy-to-use digital platform that provides a suite of Shariah compliant investing products including managed portfolios and venture and real estate investments. Wahed caters to over 400,000 customers globally and manages over $ 1 billion in assets.

For more information, visit: www.wahed.com

About Qatar Development Bank

Qatar Development Bank’s mission is to advance the economic and innovation development cycle of Qatar, supporting and contributing to the nation’s economic diversification. As well as a focus on the development of Qatar’s private sector, QDB is a powerful catalyst for socio-economic development in the country, empowering the local economy and bettering living standards.

For more information, visit: https://www.qdb.qa/

 

SOURCE Wahed

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Wahed appoints Khalid Al Jassim as Executive Chairman of Wahed MENA to help guide the strategic growth of Wahed in the region

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November 24, 2024

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DOHA, Qatar, Nov. 24, 2024 /PRNewswire/ — Wahed, a global Shariah-compliant fintech, has appointed Khalid Al Jassim as Chairman of Wahed MENA.

On this appointment, Khalid commented, ”I am excited to guide Wahed’s growth in the region. Wahed’s mission of furthering Islamic Finance is one I resonate with deeply and I look forward to supporting its growth ambitions.”

Khalid has over twenty five years of investment banking and corporate advisory experience gained with some of the most innovative and groundbreaking institutions in the world.

His career spans leading firms including SABIC, Arthur Anderson and Arcapita Bank in Bahrain, where he was instrumental in making it into one of the PE powerhouses in the region. His responsibilities started in the earlier years with establishing the Investment Placement Team and transforming it into one of the most robust teams in the industry. At the time that Khalid left Arcapita to build his personal business, he was an Executive Director. Today he is Chairman of Afkar Vision, a private advisory house specialized in mergers and acquisitions with offices in Manama, Dubai and Riyadh.

As well as being one of the earliest investors in Wahed, he is currently Chairman of the Audit Committee and Board Member at Bahrain Islamic Bank, the 4th oldest Islamic Bank in the World and Board Member at SICO Bank and SICO Capital in Saudi, an $8bn asset manager in the region.

Mohsin Siddiqui, Wahed CEO said, “We are delighted to announce Khalid’s appointment. His unique understanding of the financial landscape in the MENA region is unparalleled and we are excited to bring this expertise in continuing to grow our presence in the region.”

About Wahed

Founded in 2015, Wahed is a financial technology company that is advancing financial inclusion through accessible, affordable, and values-based investing. The company has made significant inroads in the world Shariah compliant investing by creating an easy-to-use digital platform that provides a suite of Shariah compliant investing products including managed portfolios and venture and real estate investments. Wahed caters to over 400,000 customers globally and manages over $ 1 billion in assets.

For more information, visit: www.wahed.com

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“India Global Forum’s mission more relevant than ever,” says Finance Minister Nirmala Sitharaman ahead of IGF Middle East and Africa 2024

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November 24, 2024

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India Global Forum’s flagship event in UAE kicks off in Dubai on 25 November with IGF ForumPolicymakers, politicians, business figures and celebrities from India, UAE, Africa to converge at inaugural session

DUBAI, UAE, Nov. 24, 2024 /PRNewswire/ — Ahead of India Global Forum’s (IGF) flagship Middle East & Africa 2024 (ME&A 2024) in Dubai on Monday, 25 November, Finance Minister Nirmala Sitharaman commended the role of the organisation in fostering global partnerships.

“Through their impactful and outcomes driven work, India Global Form has consistently provided a platform that fosters a better understanding of modern India and its vast opportunities for the global audience. It has also played an important role in building meaningful cross-border connections.

“India Global Forum’s mission to build corridors of technology, talent, investment and trust is more relevant than ever,” she said.

Under the theme of ‘Limitless Horizons’, IGF ME&A 2024 will foster new partnerships and collaborations between India, the Middle East, and Africa, unlocking opportunities in sectors such as technology, finance, sustainability and innovation.

The two-day event will begin with a special address by India’s Commerce Minister Piyush Goyal.

The inaugural session will also witness UAE’s Minister of State for Artificial Intelligence, Digital Economy, and Remote Work Applications, Omar al Olama, delve into the policies and reforms driving technological innovation in the UAE.

Looking forward to IGF ME&A, Indian Ambassador to the UAE, Sunjay Sudhir said: “The India-UAE relationship has entered an exciting new phase of exponential growth. We are at a moment in history where India-UAE relations are driving the synergy between our regions which has never been greater, and IGF serves as a beacon for harnessing this potential.”

Manoj Ladwa, Founder and Chairman, India Global Forum (IGF), said: “India’s External Affairs Minister, S. Jaishankar, aptly noted during his recent visit to Dubai that the India-UAE ties are in an era of new milestones. These ties are not just about trade figures or agreements – they represent a deeper alignment of values, aspirations, and shared visions for the future. IGF Middle East and Africa is an opportunity to channel this momentum into actionable outcomes that benefit not just our nations but the wider region.”

Featuring over 200 speakers and 1,000 participants across nine streams, IGF ME&A 2024 includes:

IGF Dialogues: An exclusive gathering of industry leaders and policymakers engaging in peer-to-peer roundtable discussions.IGF Forum: A Deep dive into how India, the Middle East, and Africa can embrace limitless horizons in a changing worldLeaders Dinner: An exclusive by-invite only dinner at the BAPS Hindu Mandir in Abu DhabiFounders and Funders Forum: Spotlighting the possibilities and pitfalls of the growing role of AI in India, the Middle East, and Africa.Climate and Business Forum (ClimB) – Exploring how businesses can achieve growth while prioritising sustainability and climate actionIGF Focus Forum – Discussions across diverse event streams, including leadership, entrepreneurship, healthcare, skilling and cultureDisruptors in the Desert – Demystifying emerging trends and technologies across key sectors poised to shape the next decade of the Global South. 

These engagements will tackle pressing global challenges, from climate change and energy transition to the future of AI and digital economies, bringing together a diverse lineup of global leaders, business pioneers, policymakers, and innovators.

Key Speakers across the event include:

H.E. Omar bin Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy, and Remote Work ApplicationsH.E. Sunjay Sudhir, Ambassador of India to UAEMahesh Bhupathi, Indian Tennis LegendYusuf Tambawala, Vice President of Growth & Business Support, DP WorldLeander Paes, Indian Tennis LegendAbhimanyu Munjal, Managing Director and CEO, Hero FincorpHarsh Jain, Co-Founder, Dream11Monish Shah, Founder and CEO, DreamSetGoSanjay Nayyar, Founder and Chairman, Sorin AdvisorsAmnah Ajmal, Executive Vice President, Market Development, Eastern Europe, Middle East and Africa, MastercardNeeraj Makin, Senior Executive Vice President, Group Head – Strategy, Analytics & Venture Capital, Emirates NBDSiddharth Shah, Co-founder, PharmeasyFaizal Kottikollon, Chairman, KEF HoldingsRola Abu Manneh, CEO Middle East, Standard CharteredSiddharth Balachandran, Executive Chairman & CEO, Buimerc CorporationKuppulakshmi Krishnamoorthy, Global Head, Zoho for StartupsMina Liccione, Comedian, Dubomedy

About India Global Forum
India Global Forum tells the story of contemporary India. The pace of change and growth India has set itself is an opportunity for the world. IGF is the gateway for businesses and nations to help seize that opportunity.  To know more, click here

Social Media Handles & Hashtag to Follow
Twitter: @IGFUpdates & @manojladwa
LinkedIn: India Global Forum
#IGFUAE

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