Latest news with #digitization
Zawya
4 days ago
- Business
- Zawya
Du and China Mobile International explore 5G Advanced connectivity for metro projects
The visit explored opportunities for du to contribute towards the UAE's commitment to being at the forefront of urban digitization, smart mobility, and sustainable infrastructure. Dubai, UAE – du, the leading telecom and digital services provider, recently visited China Mobile International (CMI) and China Mobile Shanghai in a step to redefine urban mobility and foster digital innovation. The delegation explored advanced metro station digitization powered by 5G Advanced networks, as part of a shared vision to leverage next-generation connectivity for smarter urban transportation systems and operational transformation. The team visited Shanghai Shentong Metro Group, operator of the world's largest metro network with over 896 kilometers of operational lines to assess 5G-enabled technologies at People's Square Station—a transit hub intersecting three metro lines and serving 1.5 million passengers daily at the peak season. Key innovations showcased included passenger flow analytics powered by AI, real-time data systems, and dynamic network configurations designed to optimize peak-time bandwidth allocation. Fahad Al Hassawi, CEO at du said: 'Our recent visit with China Mobile International, China Mobile Shanghai and Shanghai Shentong Metro Group is a step forward in our journey towards digital transformation and advancement. Our delegation explored state-of-the-art 5G innovations and their transformative potential for urban mobility. This inspiring exchange of ideas has set the stage for future collaborations, where we aim to bring pioneering solutions to the UAE, aligning with its forward-looking national vision. We are committed to reimagining the possibilities of smart infrastructure and reinforcing the UAE's position as a global hub for cutting-edge technology." The visit highlighted key innovations shaping metro digitization, including a 5G Public-Private Network model that replaces traditional wireless systems for enhanced cost efficiency and scalability, a 'One Line One Net' configuration supported by AI-powered 'tide slice' technology to dynamically manage bandwidth during peak passenger times, and compact solutions like Small XAU devices, transparent antennas, and 5G-enabled Set-Top Boxes that optimize coverage while minimizing infrastructure footprints. These technologies demonstrate the transformative power of 5G, enabling high-speed connectivity that delivers a 40-fold increase in consumer downlink speeds and uplink enhancements applicable for industrial IoT functions. Tangible applications include predictive congestion management and advanced communication-positioning systems to minimize operational gaps and improve passenger experiences. The exchange culminated in insightful discussions between du, CMI, China Mobile Shanghai and Shanghai Shentong Metro Group, with all parties expressing strong interest in pursuing further collaborations for scalable and sustainable solutions that empower smart infrastructure in line with UAE's ambitious digital transformation goals. About du du adds life to life with a comprehensive portfolio of mobile, fixed, broadband, entertainment services, and fintech solutions. Through a digital-first approach powered by ultra-reliable fiber and 5G technology, du delivers bespoke solutions leveraging cloud computing, AI-driven analytics, advanced cybersecurity, and IoT integration. As a trusted digital telco enabler spearheading the UAE's digital transformation, we collaborate with a dynamic partner ecosystem to propel industries and society toward operational excellence, shaping a more connected and digitally advanced future across the region.
Yahoo
5 days ago
- Automotive
- Yahoo
Cox Automotive Study Finds Digital Retailing, External Partnerships and AI Key to Dealer Success and Profitability
ATLANTA, June 25, 2025 /PRNewswire/ -- Cox Automotive's Digitization of Automotive Retail Study reveals a growing momentum toward more efficient, connected, and AI-enabled vehicle retailing. As consumer expectations shift, nearly half of franchise dealers now offer a fully online purchase experience—doubling in just two years—marking a decisive industry evolution that also links increased digitization to profitability. The research highlights that 7 in 10 buyers say completing steps online saves time and improves their experience, while 83% of dealers acknowledge customers often repeat steps in-store due to inconsistent online data. To close this gap, high-performing dealers are increasingly turning to third-party partnerships and integrated AI tools. "Forcing car buyers down one purchase path is no longer considered a best practice. Today's most successful dealers are rethinking the retail journey—creating seamless transitions between online and in-store, powered by automation, clean data, and personalization," said Lori Wittman, President of Retail Solutions at Cox Automotive. "This study reinforces our mission to support dealers in building the omnichannel, customer-first experiences consumers now demand. Opening all paths to purchase and connecting them is even more important in this rising cost environment we're all facing." Additional findings include: 62% of dealers use multiple retailing tools, creating challenges around data consistency and integration. High-performing dealers offer more online steps and are 53% more likely to use AI—leading to higher close rates and profitability. While 83% of consumers believe AI will impact future vehicle purchases, only 37% of dealers consider it essential today. The study supports Cox Automotive's omnichannel approach and builds on the company's connected retail ecosystem strategy, showing how modern, connected experiences are not only desired—they're expected- and profitable. For more insights, download the full ebook covering the study, The Omnichannel Dealership: About Cox AutomotiveCox Automotive is the world's largest automotive services and technology provider. Fueled by the largest breadth of first-party data fed by 2.3 billion online interactions a year, Cox Automotive tailors leading solutions for car shoppers, auto manufacturers, dealers, lenders and fleets. The company has 29,000+ employees on five continents and a portfolio of industry-leading brands that include Autotrader®, Kelley Blue Book®, Manheim®, vAuto®, Dealertrack®, NextGear Capital™, CentralDispatch® and FleetNet America®. Cox Automotive is a subsidiary of Cox Enterprises Inc., a privately owned, Atlanta-based company with $23 billion in annual revenue. Visit or connect via @CoxAutomotive on X, CoxAutoInc on Facebook or Cox-Automotive-Inc on LinkedIn. View original content to download multimedia: SOURCE Cox Automotive
Yahoo
6 days ago
- Business
- Yahoo
EQT exits property remediation specialist Recover
Following EQT's acquisition in 2020, Recover has invested in its digital capabilities while divesting non-core business units to sharpen focus on water, fire and other core property remediation services STOCKHOLM, June 24, 2025 /PRNewswire/ -- Recover, a leading Scandinavian property remediation specialist, today announced a change of ownership from EQT VIII ("EQT") and minority investors to industrial investment company Pangea AS. Recover, which employs approximately 1,730 people across the Nordics, plays a critical role in providing essential restoration services following water, fire, and environmental damage. EQT acquired the Company in early 2020 and despite the challenges presented by the COVID-19 pandemic, Recover has undergone a significant transformation. The Company has been future-proofed through strategic investments in digitization, including a new ERP and FSM system, and has sharpened its focus by divesting non-core business units. Åge Landro, CEO of Pangea and Chair of Recover, commented: "Recover is a market-leading platform with strong operations and highly dedicated employees. We are excited to partner with the Company and look forward to supporting its continued growth journey across the Nordics and beyond." Juho Frilander, Managing Director in the EQT Private Equity advisory team, added: "We would like to thank the management team and all employees at Recover for their hard work and commitment over the past years. The transformation of the business has been impressive and Recover is now well-positioned to thrive in the years to come." The transaction is subject to customary conditions and regulatory approvals. ContactEQT Press Office, press@ This information was brought to you by Cision The following files are available for download: PR_EQT exits property remediation specialist Recover_24.06.25 pexels-nicobecker-5667392 View original content: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Zawya
19-06-2025
- Business
- Zawya
NOV Delegation Joins African Energy Week (AEW) 2025 Amid Artificial Intelligence (AI) Push in African Energy Projects
A high-level delegation from global energy services company NOV has joined the African Energy Week (AEW): Invest in African Energies conference – taking place on September 29 to October 3 in Cape Town. With a focus on digitization, a wealth of knowledge in oilfield services and a dedication to balancing operational efficiency with sustainable development, NOV is well-positioned to lead dialogue around the future of energy development in Africa. Underscoring the company's commitment to unlocking technology-driven solutions in Africa, the NOV delegation comprises Arthur Ename, Vice President, Business Development: Africa; Cobie Loper, Senior Vice President, Operators and Geographical Sales; Johann Jansen van Rensburg, Director: Sub-Saharan Africa; and Marien Ibiaho, Area Sales Manager: Europe&Africa. The delegation will participate in a variety of panel discussions and technical workshops, providing insight into innovative tools to unlock rapid, low-carbon growth in Africa. AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit for more information about this exciting event. With an extensive presence in Africa, NOV delivers a range of solutions for the continent's oil and gas industry. Key markets include Ghana, Nigeria, Cameroon, Equatorial Guinea, the Republic of Congo, Angola, South Africa, Uganda, Kenya, Tunisia, Algeria and Egypt. The company's cutting-edge technologies and services support clients to enhance operational efficiency while spearheading sustainable development, with its portfolio of capabilities ranging from drilling to well construction, completion and control to offshore rigs and platform repurposing to service and repair. With over 150 years' experience and a global footprint, NOV represents a strong partner for African oil and gas projects. Looking ahead, NOV strives to consolidate its position as a leading energy service provider. In 2025, the company rolled out ChatGPT Enterprise – OpenAI's most advanced generative AI platform – to advance AI-driven innovation. The enterprise has been deployed across its global workforce, putting cutting-edge tools in the hands of over 25,000 employees. For Africa, this technology will support energy projects by supporting decision-making, insights and innovation. Meanwhile, the company's Drilling Beliefs&Analytics solution continues to gain traction globally and has been applied across 20 million feet of drilling operations in Africa, the Middle East, Europe and North America. This solution leverages AI to deliver real-time insights into critical well conditions during the drilling process. Beyond the oil and gas sector, the company also has extensive experience in emerging industries such as the energy transition. Capabilities include geothermal solutions, hydrogen solutions, lithium extraction, offshore and onshore wind, and more. With oil and gas as the focus, NOV offers a range of services that support operators reduce their emissions while scaling-up output. The company is also committed to local content and workforce development, with training initiatives, skills development programs and partnerships serving as a catalyst for capacity building in the markets in which is operates. By working closely with African partners, NOV is creating jobs, enhancing skills and empowering communities. 'Now more than ever, Africa requires innovative solutions to enhance operational efficiency while reducing emissions across oil and gas projects. Companies such as NOV provide the technology and expertise to deliver these goals, and as such, play a prominent role in the industry. Looking ahead, as African countries look to scale-up operations and reduce their climate footprint, NOV's solutions will continue supporting clients safely produce energy while minimizing environmental impact,' states Verner Ayukegba, Senior Vice President, African Energy Chamber. Distributed by APO Group on behalf of African Energy Chamber.
Yahoo
16-06-2025
- Business
- Yahoo
Industrial & Environmental Services Stocks Q1 Recap: Benchmarking Pitney Bowes (NYSE:PBI)
Earnings results often indicate what direction a company will take in the months ahead. With Q1 behind us, let's have a look at Pitney Bowes (NYSE:PBI) and its peers. Growing regulatory pressure on environmental compliance and increasing corporate ESG commitments should buoy the sector for years to come. On the other hand, environmental regulations continue to evolve, and this may require costly upgrades, volatility in commodity waste and recycling markets, and labor shortages in industrial services. As for digitization, a theme that is impacting nearly every industry, the increasing use of data, analytics, and automation will give rise to improved efficiency of operations. Conversely, though, the benefits of digitization also come with challenges of integrating new technologies into legacy systems. The 8 industrial & environmental services stocks we track reported a strong Q1. As a group, revenues beat analysts' consensus estimates by 3% while next quarter's revenue guidance was 1% above. Thankfully, share prices of the companies have been resilient as they are up 6.2% on average since the latest earnings results. With a century-long history dating back to 1920 and processing over 15 billion pieces of mail annually, Pitney Bowes (NYSE:PBI) provides shipping, mailing technology, logistics, and financial services to businesses of all sizes. Pitney Bowes reported revenues of $493.4 million, down 40.6% year on year. This print fell short of analysts' expectations by 0.9%, but it was still a satisfactory quarter for the company with an impressive beat of analysts' EPS estimates. Pitney Bowes delivered the slowest revenue growth and weakest full-year guidance update of the whole group. Interestingly, the stock is up 14.8% since reporting and currently trades at $10.28. Is now the time to buy Pitney Bowes? Access our full analysis of the earnings results here, it's free. With roots dating back to 1869 and a focus on creating cleaner industrial operations, CECO Environmental (NASDAQ:CECO) provides technology and expertise that helps industrial companies reduce emissions, treat water, and improve energy efficiency across various sectors. CECO Environmental reported revenues of $176.7 million, up 39.9% year on year, outperforming analysts' expectations by 17%. The business had a stunning quarter with a solid beat of analysts' EPS estimates and full-year revenue guidance beating analysts' expectations. CECO Environmental delivered the biggest analyst estimates beat and fastest revenue growth among its peers. The market seems happy with the results as the stock is up 44.3% since reporting. It currently trades at $27.70. Is now the time to buy CECO Environmental? Access our full analysis of the earnings results here, it's free. Operating a network of more than 350 facilities with 3,300 delivery routes serving customers weekly, Vestis (NYSE:VSTS) provides uniform rentals, workplace supplies, and facility services to over 300,000 business locations across the United States and Canada. Vestis reported revenues of $665.2 million, down 5.7% year on year, falling short of analysts' expectations by 4%. It was a softer quarter as it posted a significant miss of analysts' EPS estimates. Vestis delivered the weakest performance against analyst estimates in the group. As expected, the stock is down 32.8% since the results and currently trades at $5.85. Read our full analysis of Vestis's results here. With approximately 5,000 locations across 49 U.S. states and 13 other countries, Driven Brands (NASDAQ:DRVN) operates a network of automotive service centers offering maintenance, car washes, paint, collision repair, and glass services across North America. Driven Brands reported revenues of $516.2 million, up 7.1% year on year. This result beat analysts' expectations by 2.8%. Overall, it was a strong quarter as it also put up an impressive beat of analysts' EPS estimates and full-year revenue guidance meeting analysts' expectations. The stock is down 2.6% since reporting and currently trades at $16.88. Read our full, actionable report on Driven Brands here, it's free. With a fleet of trucks making weekly deliveries to over 300,000 customer locations, UniFirst (NYSE:UNF) provides, rents, cleans, and maintains workplace uniforms and protective clothing for businesses across various industries. UniFirst reported revenues of $602.2 million, up 1.9% year on year. This number was in line with analysts' expectations. It was a strong quarter as it also logged a solid beat of analysts' full-year EPS guidance estimates. The stock is up 5.5% since reporting and currently trades at $184.45. Read our full, actionable report on UniFirst here, it's free. As a result of the Fed's rate hikes in 2022 and 2023, inflation has come down from frothy levels post-pandemic. The general rise in the price of goods and services is trending towards the Fed's 2% goal as of late, which is good news. The higher rates that fought inflation also didn't slow economic activity enough to catalyze a recession. So far, soft landing. This, combined with recent rate cuts (half a percent in September 2024 and a quarter percent in November 2024) have led to strong stock market performance in 2024. The icing on the cake for 2024 returns was Donald Trump's victory in the U.S. Presidential Election in early November, sending major indices to all-time highs in the week following the election. Still, debates around the health of the economy and the impact of potential tariffs and corporate tax cuts remain, leaving much uncertainty around 2025. Want to invest in winners with rock-solid fundamentals? Check out our Top 5 Quality Compounder Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.
