Cognitiwe Prevent the Food Waste With Their Predictive Vision AI Platform
17.2.2022 13:17:00 EET | Business Wire | Press release
Cognitiwe, a new entrant to the growing AI market, prevents food waste through their predictive vision AI platform. “We will be able to instantly monitor the freshness of vegetables and fruits in supermarkets,” said Cognitiwe Co-Founder Attila Algan, adding that “As well as checking for freshness of produce, shelf stock and planogram analysis, we are breathing new life into the retail sector with fraud detection.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220216006153/en/
Cognitiwe prevent the food waste with their Predictive Vision AI Platform (Photo: Business Wire)
Also, in manufacturing, our technology enables quality control and detects faulty products in production line. We also offer solutions for stock management, health and safety monitoring,” explained Algan, adding: “We want to position as a global brand, delivering our retail and manufacturing sector-specific products, developed using advanced technology on our predictive visual AI platform.” Headquartered in Tallinn, Estonia, Cognitiwe has offices in Istanbul and Milan
Sustainability for Retail and Manufacturing
The United Nations Environment Programme (UNEP) 2021 Food Waste Index Report indicates that 13 percent of the 931 million tons of food waste generated worldwide in 2019 originated from the retail sector. "We will soon be able to use AI to reveal the environmental footprint of the retail sector's food waste that we have been able to prevent,” Algan told reporters, adding further, “and thanks to data from deep learning algorithms deployed on manufacturing production lines, we will achieve materials, time and energy savings that contribute to greater sustainability”. Cognitiwe's GDPR compliant products can be integrated into existing IP cameras, without the need for additional hardware investment. Because it is cloud-based, they also do not require investments in servers.
Preventing financial losses in the retail and manufacturing sector
Cognitiwe Co-Founder Mete Bayrak notes clients, “above all, by providing real time and predictive data, we help retail and manufacturing industries to reduce risks, prevent loss and improve quality.” Bayrak added that they have introduced a feature to the retail product that prevents financial losses occurring as a result of the mis-scan or walk-off detection at supermarket checkouts and self-service payment points, nothing further that a 5G mobile solution for the health and safety of employees was also in its pilot phase.
To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.
View source version on businesswire.com: https://www.businesswire.com/news/home/20220216006153/en/
Contact information
Selin Filiz
selin.filiz@cognitiwe.com
About Business Wire
For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
SES Announces Results of the Annual General Meeting2.4.2026 17:49:00 EEST | Press release
SES (the “Company”) held the Annual General Meeting (“AGM”) of Shareholders today in Betzdorf, Luxembourg. Following the recommendations made by the Board of Directors of SES, the shareholders have voted in favor of all resolutions, including the Company’s 2025 annual accounts and the proposed annual dividend of EUR 0.50 per A-share (EUR 0.20 per B-share). The total dividend amount comprises the interim dividend of EUR 0.25 per A-share (EUR 0.10 per B-share), which has already been paid to shareholders on October 16, 2025. The final dividend of EUR 0.25 per A-share (EUR 0.10 per B-share) will be paid to shareholders on April 16, 2026. “I would like to sincerely thank our shareholders for their active engagement, visionary support and continued confidence in SES’ strategy,” said Adel Al-Saleh, CEO of SES. “The outcomes of today’s AGM underscore our shared commitment to a bold multi-orbit approach, with Medium Earth Orbit as the strategic backbone of a dynamically evolving global interco
Forrester: Three Years Into GenAI, Enterprises Are Still Chasing Its True Transformative Value2.4.2026 17:00:00 EEST | Press release
According to Forrester’s (Nasdaq: FORR) latest report, Accelerate Your AI Voyage, most enterprises are struggling to turn growing AI adoption and investment into measurable business impact. One of the key factors holding businesses back is low artificial intelligence quotient (AIQ) — Forrester’s measure of AI aptitude — with many employees lacking a clear understanding of how to use AI. Other barriers include an overemphasis on productivity-focused use cases, difficulty measuring impact, and siloed adoption within individual functions. While these challenges can leave firms frozen in doubt or indecision, the wait-and-see approach to AI adoption is no longer viable. To unlock AI’s full potential, organizations need to focus on four key areas: Define the business outcomes and success metrics for what they want AI to achieve; identify specific use cases for AI deployment aligned to those business outcomes; establish a structured runway to plan, test, and strategically time the deployment
Andersen Consulting Adds Multiplica2.4.2026 16:30:00 EEST | Press release
Andersen Consulting enters into a Collaboration Agreement with Multiplica, a digital consulting firm that helps organizations design, build, and scale impactful digital experiences. Founded in Spain with a presence in Latin America and the U.S., Multiplica focuses on user research and discovery, customer experience research, digital strategy, data modeling and analysis, report automation and data visualization, conversion rate optimization, product design, and user experience design. The firm helps organizations accelerate digital transformation by building digital capabilities, teams, and assets that advance expertise across digital products, consulting, and talent development. Multiplica enables clients to forecast emerging trends in digital experience and transform their businesses through enhanced digital channels and customer engagement. “Collaborating with Andersen Consulting represents an exciting opportunity to extend our reach and impact,” said David Boronat, CEO of Multiplica
Brightfin Unifies Brand Following Proven Optics Merger, Delivering a New Standard for Technology Cost Optimization2.4.2026 16:00:00 EEST | Press release
Brightfin today announced that, following its merger with Proven Optics, the combined company will operate under a single brand: Brightfin. The unified company brings together deep expertise in Technology Expense Management (TEM) and IT Financial Management (ITFM) to help organizations better understand, manage, and reduce total technology spend. Technology spending will exceed $6 Trillion this year, and for most organizations, it remains one of the least understood. CIOs can tell you what they’re spending. Far fewer can tell you whether it’s working. “Over the past several months, we’ve brought these two businesses together around a shared purpose: help enterprise businesses better understand and optimize their technology spend,” said Joel Martins, CEO of Brightfin. “What we are seeing now is a shift. Visibility alone isn’t enough. Teams need to be able to act, tied to real financial outcomes. See Clearly. Spend Better. That is our north star, and that is what our platform is built to
The LYCRA Company Announces Strategic Partnership on Renewable LYCRA ® Fiber2.4.2026 16:00:00 EEST | Press release
The LYCRA Company, a global leader in innovative and sustainable fiber solutions for the apparel and personal care industries, today announced the signing of a strategic partnership agreement with Texhong International Group Limited (“Texhong”), one of the world’s largest suppliers of core-spun cotton textiles. Under the agreement, Texhong will exclusively partner with The LYCRA Company to bring Renewable LYCRA® fiber made with 30 percent plant-based content* to China’s core-spun yarn sector. This collaboration aims to accelerate the adoption of bio-derived spandex across the global apparel and textile industry. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260402505834/en/ The LYCRA Company announced a strategic partnership with Texhong International Group for renewable LYCRA® fiber. Pictured at the signing ceremony held in Shanghai (left to right): Jason Wang, Vice President, Asia, The LYCRA Company, and Zhou Xia, Chief O
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom
