May 19, 2020

37% of cannabis producers are upping capacity for post-legalisation demand

Cannabis
Ernst & Young
zaymalz malz
2 min
37% of cannabis producers are upping capacity for post-legalisation demand

According to a new report from Ernst & Young, 37% of Canadian cannabis producers are focusing on increasing their production capacity in anticipation of a higher post-legalisation demand, based on statistics taken from a study of licensed producers.

“Limited access to capital and an uncertain regulatory environment is impeding Canadian cannabis companies' ability to make long-term strategic investments,” says Monica Chadha, Ernst & Young Canada's National Cannabis Leader.

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In line with this, the report named, “How do you define your future in an undefined market?”, suggests that established names within the tobacco, pharmaceuticals and alcohol industries are well-positioned to enter into the legal cannabis market.

This is due to a multitude of factors including brand recognition, strong capital, established infrastructure and knowledge and expertise of working within a regulated environment.

With this in mind, industry players will have to invest heavily into innovation, new technologies and talent in order to differentiate and stay ahead of the market.

“Many companies are currently allocating available capital towards increasing scale of production, but recognize that there's an opportunity to shift some of that investment towards technology and innovation in order to build a competitive advantage,” Chadha continued.

“As the industry matures and regulatory frameworks become clearer, investments in human capital and innovative technologies need to occur, in conjunction with production. A focus on innovation will ultimately lead to lower costs, heightened product quality and/or productivity enhancements. Cannabis companies who fail do to so, risk losing market share to bigger players.”

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Jun 21, 2021

How AWS helps NASCAR delight its fans

AWS
NASCAR
3 min
Customer obsession and working backwards from the customer is a mantra of Amazon Web Services (AWS), epitomizing its partnership with NASCAR

AWS needs no introduction to readers of Technology Magazine but we rarely get an opportunity to look closely at how it serves the sports sector. All major sports draw in a huge supporter base that they want to nurture and support. Technology is the key to every major sports organization and enabling this is the driving force for AWS, says Matt Hurst, Head of Global Sports Marketing and Communications for AWS. “In sports, as in every industry, machine learning and artificial intelligence and high performance computing are helping to usher in the next wave of technical sports innovation.”

AWS approaches sports in three principal areas. “The first is unlocking data’s potential: leagues and teams hold vast amounts of data and AWS is enabling them to analyze that data at scale and make better, more informed decisions. The second is engaging and delighting fans: with AWS fans are getting deeper insights through visually compelling on-screen graphics and interactive Second Screen experiences. And the third is rapidly improving sports performance: leagues and teams are using AWS to innovate like never before.”

Among the many global brands that partner with AWS are Germany's Bundesliga, the NFL, F1, the NHL, the PGA Tour and of course NASCAR. NASCAR has worked with AWS on its digital transformation (migrating it's 18 petabyte video archive containing 70 years of historical footage to AWS), to optimize its cloud data center operations and to enable its global brand expansion. AWS Media Services powers the NASCAR Drive mobile app, delivering broadcast-quality content for more than 80 million fans worldwide. The platform, including AWS Elemental MediaLive and AWS Elemental MediaStore, helps NASCAR provide fans instant access to the driver’s view of the race track during races, augmented by audio and a continually updated leaderboard. “And NASCAR will use our flagship machine learning service Amazon SageMaker to train deep learning models to enhance metadata and video analytics.”

Using AWS artificial intelligence and machine learning, NASCAR aims to deliver even more fan experiences that they'd never have anticipated. “Just imagine a race between Dale Earnhardt Sr and Dale Jr at Talladega! There's a bright future, and we're looking forward to working with NASCAR, helping them tap into AWS technology to continue to digitally transform, innovate and create even more fan experiences.”

Just as AWS is helping NASCAR bridge that historical gap between the legacy architecture and new technology, more customers are using AWS for machine learning than any other provider. As an example, who would have thought five years ago that NFL would be using  ML to predict and prevent injury to its players? Since 2017, the league has utilized AWS as its official cloud and ML provider for the NFL Next Gen Stats (NGS) platform, which provides real-time location data, speed, and acceleration for every player during every play on every inch of the field. “One of the most potentially revolutionary components of the NFL-AWS partnership,” says Matt Hurst, “is the development of the 'Digital Athlete,' a computer simulation model that can be used to replicate infinite scenarios within the game environment—including variations by position and environmental factors, emphasizing the league's commitment to player safety.”

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