Connect with us

Technology

KC Wearable Announces Partnership With Major Food Factory to Keep Workers Safe

Published

on

Coronavirus

The KC N901 Smart Helmet, developed by leading technology and innovation company KC Wearable, has been deployed at Africa’s largest instant noodle manufacturing plant, as food manufacturing groups look to protect their workers during the COVID-19 pandemic.

KC Wearable has announced a partnership with Dufil Group, who are responsible for the production of Indomie, one of the world’s most popular Mi Goreng instant noodle brands, as well as oil and pasta brands Power and MiniMie, to name a few. The KC N901 Smart Helmet will be used as a COVID-19 symptom detector, helping Dufil Group to protect staff at the factory.

Nigeria has seen almost 57,000 confirmed cases of COVID-19 so far. As new cases continue to emerge, interest the wearable thermal detection device has grown. The KC Smart Helmet allows users to screen multiple individuals for a key symptom of COVID-19 at once, helping to stop the spread of the virus.

The helmet can detect fevers, the most prevalent symptom of the virus, with 96% accuracy. Unlike traditional static thermal cameras, the wearable headset improves the efficiency and flexibility of COVID-19 screening, enabling the user to freely move around an area. The helmet can scan up to 200 people a minute, making it well suited to public settings like transport hubs, hospitals or parks.

The KC N901 Smart Helmet has been deployed at Dufil Group’s food manufacturing plant in Nigeria, allowing the company to screen employees for high fevers upon entry. Working in collaboration with KC Wearable, Dufil Group have tailored the smart helmet to fit the requirements of a factory setting. This includes personalised detection, enabling security staff to isolate outbreaks.

Powered by sophisticated augmented reality technology, the helmet visor’s thermo-scan sensors show the temperature of people in real time. The helmet is effective within a five-metre radius, enabling the wearer to maintain social distancing at all time, and has the potential to link up to other data on COVID-19 tracking apps. The device stores all data itself with a 64GB internal memory.

Beyond Nigeria, the helmet is also in use in more than 35 countries, including Indonesia, the UAE, Italy, Netherlands, Kuwait, Chile, Turkey and multiple African countries. KC Wearable has partnered with national authorities and major transport hubs such as airports, as well as schools and hospitals, to detect COVID-19 symptoms in a range of settings.

Dr Jie Guo, Global Head of KC Wearable, said: “We are very pleased to be working with Dufil Group. The KC N901 Smart Helmet is helping to keep workers safe whilst enabling the factory to run as smoothly as possible during the pandemic. KC Wearable’s mission from the outset has been to allow normal life to resume. Whilst we are still a long way off normality, empowering factories and businesses to continue to function during the pandemic is a very important step in the right direction. We hope to continue to support businesses throughout the pandemic.”

Changdev Markad, Technical Manager at Dufil Group, said: “We ensure that all workers are screened at the start of their shifts, allowing us to identify high temperatures – a key symptom of COVID-19 – and limit the spread of the virus.

“We have worked closely with KC Wearable to tailor the helmet to our specific requirements, allowing us to personalise screening to individual employees so that we can easily identify potential threats, whilst simultaneously protecting the rest of the workforce by isolating outbreaks. The KC Helmet is a fantastic asset and a natural choice for our business, allowing us to continue to function during the pandemic.”

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade experience in the global financial markets.

Technology

Fintech Companies Raised $554 Million in Investment Last Week

Published

on

fintech

Financial Technology Firms Raised $554 Million Investment Capital Last Week

Financial Technology (Fintech) companies raised a combined $554.17 million from investment rounds last week.

A data compiled by Finbold showed the top 25 fintech firms were led by Razorpay and Wealthsimple.

Razorpay, a payment platform, raised $100 million to account for 18.04 percent of the total amount raised during the week. This was followed by Wealthsimple’s $87 million.

Deepwatch came third with $53 million while NYDIG and M1 Finance came fourth and fifth with $50 million and $45 million, respectively.

Other noteable fintechs include Extend $40 million; FOSSA $30.55 million; +Simple $23.75 million; Finexio $23 million; and Sonrai Security $20 million.

On the other hand, Evolve Credit was the last among the 25 companies. It raised $0.025 million while Upside Saving raised the second least fund at $0.42 million. Also, they were the two firms that raised below $1 million in the week under review.

Oliver Scott, a Finbold editor, who spoke on funding in the fintech sector, said “Notably, venture capital is still the primary source of funding for fintech startups. However, new trends indicate a high level of private equity and debt financing. Additionally, more funding activity is concentrated around later funding rounds. The sector is also witnessing a rise in IPOs and acquisitions. Such trends are pointing to a maturing market.”

Continue Reading

Technology

Snapchat Adds 39 Million Daily Active Users YoY Representing 18% Growth

Published

on

snapchat

Snapchat Daily Users Increase by 39 Million YoY, a 18 Percent Increase

Data presented by Buy Shares indicates that Snapchat daily active users have grown by 39 million on a Year-Over- Year basis. The addition represents a growth of 18.57%.

Pandemic spurs Snapchat’s DAU growth

During Q3 2019 the daily active users stood at 210 million while the figure was 249 million as of Q3 2020. Between Q3 2018 and Q3 2020 Snapchat’s daily active users have grown by 33.87%.

After witnessing a rise in daily active users the numer slumped between Q1 2018 and Q4 2018 with a percentage drop of 2.61%.

The research also overviewed Snapchat’s number of daily active users based on regions. As of Q3 2020, North America recorded the highest number at 90 million, a growth of about 7% from a similar period last year.

Commenting on the recent surge in Snapchat’s daily active users, Buy Shares researcher Justinas Baltrusaitis said:

After taking a dip in users around 2018 Snapchat began witnessing a steady rise from the end of last year. The platform’s 2020 numbers have been boosted by the coronavirus pandemic.During the health crisis, most people were confined to their homes and turned to social platforms like Snapchat for entertainment.”

Europe has 72 million active daily users as of Q3 2020, a growth of 10% from Q3 2019. Elsewhere during Q3, 2020 the rest of the world had 87 million daily active users.

Continue Reading

Technology

UK Imposed €132.7 Million of GDPR Fines, more than Germany and Italy Combined

Published

on

cybercrime

UK Imposed €132.7 Million of GDPR Fines, more than Germany and Italy Combined

The General Data Protection Regulation (GDPR) continues causing hefty fines and penalties for businesses and organizations across European countries even two years after coming into force.

According to data presented by Buy Shares, the United Kingdom tops the list of the most expensive data breach penalties with €132.7 million in total value of GDPR fines, more than German and Italy combined.

Cumulative Value of GDPR Fines Hit €344 Million, a €119 Million Increase in 2020

The primary reason for such a high cumulative value of GDPR fines in the United Kingdom is the data breach penalty imposed by the UK’s data protection authority, ICO, to Marriott International. In November 2018, the American multinational company was fined with €110.4 million after reporting a cyber incident that exposed nearly 340 million guest records.

Last week, the ICO fined British Airways €22 million for failing to protect the personal and financial details of more than 400,000 of its customers, the second-largest GDPR fine in the United Kingdom. The penalty is considerably smaller than the €204.6 million that the ICO initially said it intended to issue back in 2019 after the Magecart group used card skimming to collect the personal and payment information of British Airways` customers.

Far below the United Kingdom, Germany ranked as the second-leading country in Europe with €61.6 million in the cumulative value of GDPR fines, revealed the GDPR Enforcement Tracker data. On October 1st, 2020, H&M Hennes & Mauritz Online Shop was fined with €35.2 million for the insufficient legal basis for data processing, the severest GDPR penalty in the country.

Italian data protection authority (Garante) imposed €57.3 million worth of GDPR fines so far, ranking in third place among European countries. On January 15th, 2020, telecommunications operator TIM was fined €27.8 million for unlawful data processing, non-compliant aggressive marketing strategy, and invalid collection of consents, the steepest penalty in Italy.

France ranked fourth among the European countries with €51.3 million worth of GDPR fines. Austria, Sweden, and Spain follow, with, €18 million, €7million, and €3.9 million, respectively.

Statistics indicate the cumulative value of GDPR fines and penalties hit over €344 million in October, with almost €119 million worth of new fines imposed in 2020.

Top Five GDPR Penalties Account for 70% of Cumulative Fine Value

Behind Marriott’s €110.4 million worth GDPR fine, Google holds second place on the list of the highest data breach penalties. The US tech giant was fined €50 million by France’s data protection regulator, CNIL, for not providing enough information to users about its data consent policies and control in using their data.

H&M Hennes & Mauritz Online Shop ranked third on this list with €35.2 million worth GDPR fine. Italian telecommunications operator TIM and British Airways round the top five list with €27.8 million and €22 million, respectively.

Statistics show the five biggest data breach penalties cost more than €245 million, or 70% of cumulative GDPR fine value.

Continue Reading

Trending