Bamboo Rose has also improved its platform to make collaboration with suppliers easier.
In this week’s tech news, StockX fights online crime while IBM says gen AI can be used in product developmentspotlighting the company’s latest verification metrics. This is the third annual report issued by the company, and is titled “Big Facts: The Verification Report 2024.”
StockX said its verification process is core to the customer experience. “In the last year alone, StockX rejected over 400,000 products — collectively valued at nearly $85 million — because they did not meet the company’s verification standards,” the company said, adding that this represents an increase of around 100,000 products year-over-year.
The institute found that 97 percent of companies polled use gen AI to augment knowledge search while 92 percent are using it to create analytical models. The survey also showed that 91 percent are using theIBM found that gen AI can improve product development cycles by up to 30 percent. The report also found that 95 percent of consumer product companies are using gen AI to augment knowledge search internally and externally.
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