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Telefónica and GOfit design the wellness center of the future

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Telefónica and the GOfit chain of wellness sports centers are applying AI-based video analytics solutions to create a new management model that optimizes facilities, maximizes investment in center equipment, better plan staff schedules and improve the user experience.

The implemented solution, based on the technology of the Canadian company C2RO and included in Telefónica Tech’s portfolio, allows reusing the existing cameras and processing the video images in real time through the use of algorithms and artificial intelligence, as well as obtaining detailed anonymized information on the use of the clients in the different areas of the gymnasium.

C2RO’s software does not use any biometric data in the processing and analysis of video streams; using a patented 100% non-biometric AI system to deliver highly accurate data. Data is always collected and displayed in an aggregated and anonymized form. There is no recording or storage of the video streams, ensuring compliance with GDPR privacy regulations.

Thanks to video analytics, GOfit can know the real-time traffic in each of its sports centers, the demographic profile of its customers, the time spent in the different areas, the occupancy of the rooms, swimming pool, locker rooms and other points of interest, and the most common route sequences; all broken down by hours and days of the week to facilitate greater security and better customer comfort.

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All this information is consolidated in a scorecard to facilitate decision making, such as management and optimization of resources and personnel, activities that generate higher demand and the redistribution of machines or expansion of equipment in the rooms of increased occupancy.

Telefónica is developing a comprehensive project, from initial consulting to implementation, operation and support. The predictive model will allow to know the affluence by time slot and key areas for seven days after the prediction is made. The advanced analytics model, based on Machine Learning algorithms, takes into account the historical visitor records provided by C2RO, but also other external sources that may influence the visit, such as the weather, the great sport events or the holiday calendar.

In this way, GOfit will allow its customers make the most of their training time, avoiding waiting times and maximizing the comfort of the centers.

“This is a flagship project in the application of technology to improve our services and another step in the company’s continuous disruption in the search of the best possible experience for our customers. Technology can and should be an ally in the construction of an active and sustainable society,” says Manuel Estebanez, CIO of GOfit.

“With this project we help GOfit evolve its business thanks to advanced technological solutions that maximize the return on investment in the company’s assets, such as machines and directed classes, while meeting the needs of users,” said Esther Cardenal, senior product manager for IoT and Big Data at Telefónica Tech.

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BSEC chairman Shibli Rubayat resigns

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Bangladesh Securities and Exchange Commission Chairman Prof Shibli Rubayat-Ul Islam resigned today.

He sent his resignation letter to the official concerned at the finance ministry.

He stepped down citing health reasons, said Abdur Rahman, secretary of the Financial Institutions Division of the Ministry of Finance, confirming receipt of the letter.

The development came five days after Sheikh Hasina’s government fell and she fled Bangladesh in the face of a civil uprising.

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Islam has remained absent from work for the past several days.

Islam, a Dhaka University teacher, was appointed as chairman of the BSEC in 2020. Last May, he was reappointed for another four-year tenure.

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Progressive Life Insurance Company organizes 199th Board Meeting

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The 199th board meeting of Progressive life Insurance Company Limited (PLICL) was held in the organization’s corporate office in the capital’s National Scout Bhaban on Wednesday 10 July 2024. It was presided over by PLICL Acting Chairman M. Shoeb Chowdhury.

The meeting was also attended by Directors viz Bajloor Rashid, MBE, Zakariya Ahad,Mezanur Rahman,DR. Md. Jamil Sharif, Phd, FCMA,DR. Tazrina Farah,Babel Miah,Kamal Miah, M A Karim,Gulam Mostafa Ahmed. Managing Director and Chief Executive Officer Md. Saidul Amin, Additional Managing Director Md. Mizanur Rahman Shipon, Senior Executive Vice President & Company Secretary Abdullah Al Mansur.

The participants in the meeting talked about pending claim settlements, business development plans and laid emphasis on complying with regulatory norms, laws and principals.

The officials of Progressive life Insurance Company Limited greeted the newly appointed Acting Chairman M. Shoeb Chowdhury with flowers at the beginning of the meeting.

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Anwar Group of Industries Organized ‘Induction of Leadership’ program

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Anwar Group of Industries, a leading Bangladeshi conglomerate, celebrated a momentous occasion with the formal induction of its new leadership team.

In a ceremony held at the Dhaka Chamber of Commerce and Industry (DCCI), Mr. Manwar Hossain, Chairman of Anwar Group of Industries, officially announced Mr. Hossain Mehmood as Vice Chairman and Mr. Hossain Khaled as the Group Managing Director of Anwar Group of Industries. Additionally, Mr. Furkaan N Hossain, Mr. Waeez R Hossain, and Ms. Faizah Mehmood were sworn in as Deputy Managing Director of Anwar Group of Industries.

The “Induction of Leadership” ceremony on March 3, 2024, marked a memorable and new chapter for Anwar Group of Industries. At the ceremony, Mr. Manwar Hossain, Chairman of Anwar Group of Industries, presented the group’s brooches to Mr. Hossain Mehmood, Mr. Hossain Khaled, Mr. Furkaan N Hossain, Mr. Waeez R Hossain, and Ms. Faizah Mehmood. The ceremony was also attended by members of the Anwar family, stakeholders, and employees.

Committed to empowering its employees and creating a shared vision for the future, Chairman of Anwar Group of Industries, Mr. Manwar Hossain announced a groundbreaking move, all future employees will be made shareholders. This bold initiative underscores the group’s belief in the value of its employees and its commitment to building a sustainable and inclusive future.

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