Excelpoint Systems and Bkav Hardware Solution (BHS), a member of Vietnam-based Bkav Corporation have announced the signing of a strategic collaboration to develop and commercialise an Artificial Intelligence of Things (AIoT) platform built on Qualcomm chipsets and technology ecosystem.
Excelpoint is a Singapore-based leading regional B-to-B business platform providing quality electronics components with integrated R&D capabilities, while Bkav is a technology group that specialises in cyber security, software, egovernment, smartphone manufacturing and smart electronic devices, Smart City and AI.
The tripartite alliance with Nasdaq-listed Qualcomm, Excelpoint and Bkav will facilitate the creation of new AIoT devices and innovations.
Under the alliance, Qualcomm will provide its chipsets, while Excelpoint will pursue the business development opportunities related to AIoT through its strong distribution networks. Leveraging on its technological strengths and manufacturing capabilities, Bkav shall undertake the role of a supplier of hardware, AIoT and AI platforms.
AIoT is the combination of two powerful technologies, artificial intelligence (AI) technologies and the internet of things (IoT) infrastructure, where such AIoT devices and applications can analyse data and make decisions and act on that data without involvement by humans, enhancing efficiency and effectiveness.
According to a report by ResearchAndMarkets.com, the global AIoT market will reach US$83.6 billion by 2027, growing at 39.1% compounded growth rate per annum.
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In the near future, it is anticipated that AIoT integration within businesses and industries such as Smart Cities, Smart Homes, Industrial 4.0, Smart Retail Chains and Autonomous Vehicles will ultimately lead to more sophisticated and valuable inter-business and cross-industry solutions.
Excelpoint delisted from the SGX on September 19.
