By Staff
Thursday, May 23, 2024 10:27 AM
C-suite executives and AI leaders are still reluctant to fully embrace the potential of AI, according to a
new survey conducted by Teradata by NewtonX. The survey revealed that many executives lack confidence in their company’s strategy to execute AI initiatives, and don’t trust their data to generate accurate AI outputs.
The survey finds that 7 in 10 executives said their AI strategy is not fully aligned with their business strategy, while 61 percent said they fully trust the reliability and validity of their AI outputs. Meanwhile, 40 percent do not believe their company’s data is ready to achieve accurate outcomes.
It appears executives understand the importance of AI in a competitive business climate, with 89 percent of enterprise executives believing AI is necessary to stay competitive. Only 56 percent said their companies have a clear AI strategy, and 28 percent see their AI strategy as closely aligned with and supporting broader business objectives.
The study found that despite the most successful AI implementations occurring at the departmental level only 12 percent of companies have deployed AI solutions company-wide, while 39 percent have implemented AI in select departments.
Other key aspects to building trust identified in the survey were security, with 61 percent of executives noting this was a key aspect of trusted AI, followed by transparency at 55 percent and governance at 45 percent.
Approximately 84 percent of respondents said they expect to see results from AI projects within a year of deployment, and 58 percent said the results would have to be quantifiable within six months.
By Gwendolyn Plummer
Thursday, May 23, 2024 8:30 AM
NEW YORK—Earth Day has come and gone, but the year’s environmentally focused holidays are not totally behind us. June 5 marks World Environment Day, a United Nations international day that “celebrates environmental action and the power of governments, businesses and individuals to create a more sustainable world,” according to the official
World Environment Day website. The United Nations Environment Programme (UNEP) leads the day; this year, Saudi Arabia hosts World Environment Day, focusing specifically on land restoration, desertification and drought resilience.
By Staff
Thursday, May 23, 2024 8:25 AM
LOS ANGELES—
StokedPlastics, a leader in environmental and plastic innovation, has announced that it is supplying sustainable eyewear company
Opolis Optics with content made from recycled water bottles for its frames, microfibre cleaning cloths and pouches. Each pair of eyewear contains content from 10 recycled water bottles found near the ocean, the company said.
By Staff
Thursday, May 23, 2024 8:15 AM
What’s New: Esprit, from
Charmant, is adding three optical styles to its Ecollection, made from eco-acetate.
By Sarah McGoldrick
Thursday, May 23, 2024 8:10 AM
Reducing the impact of climate change has found what, some might say, is an unusual group of advocates. SCI Cambridge Springs, located south of Erie, Penn., is a minimum-security Department of Corrections facility for women that is also home to a 1,800 square-foot optical lab that adopted a lens recycling program in 2020, designed to reduce the amount of waste generated by lens manufacturing.
By Evra Taylor, Contributing Editor
Thursday, May 23, 2024 2:30 AM
Originating from basic teleconferencing models, technology-enabled tele-optometry has revolutionized the optical industry creating both a more patient-centric model of care and expanding ECPs’ practices in a quintessential win-win. With remote eye testing, optical companies are focusing their gaze on a novel approach—involving the consumer in their own health care journey, increasing their access to eyecare and reducing wait times, two major pain points in eyecare. In addition to self-administered, online visual acuity testing for prescription renewal, these companies are increasingly providing remote diagnostic services, expanding their reach into previously uncharted territory such as ultra-wide field digital retinal imaging. At the same time, eyecare providers have established effective guardrails to protect patients’ eye health, ensuring patient referrals to a specialist when needed, for example.
By Staff
Thursday, May 23, 2024 1:00 AM
NEW YORK—There is no avoiding the fact that concern for the environment impacts every aspect of our daily lives. From decisions on how people commute to work, to what they eat, to who they vote for and, of course, how they shop—there is a sustainable choice in every decision we make. Retail is often at the forefront of these conversations about sustainability and everyday life, and for many people, changing the things they buy and the frequency with which they buy them is an easy first step toward a more sustainable lifestyle.
By Staff
Thursday, May 23, 2024 12:24 AM
ST. LOUIS—Citing personal reasons, Ronald L. Benner, OD, has resigned as
American Optometric Association (AOA) president, according to the organization. Dr. Benner was officially recognized for a 1-year term as president of the AOA on June 24, 2023, at Optometry’s Meeting that took place in Washington, D.C. After being informed, the AOA Board of Trustees met and designated the organization’s serving president-elect, Steven T. Reed, OD, of Mississippi, as acting president for the next two months. Dr. Reed’s planned installation as president remains set for June 2024, during Optometry’s Meeting in Nashville, Tenn., and the one-year term will run through June 2025, according to the announcement.
By Staff
Thursday, May 23, 2024 12:21 AM
COLUMBIA, Md.—The
Foundation Fighting Blindness, an organization committed to driving the research for treatments and cures for blinding retinal diseases, has announced the recipients of the first awards in the PRPH2 and Associated Retinal Diseases Program.
By Staff
Thursday, May 23, 2024 12:18 AM
NEW YORK—In its May cover story,
“Growing Into Sustainability,” Vision Monday is examining the many different ways the optical industry engages in sustainable thinking and working.
By Staff
Wednesday, May 22, 2024 4:34 PM
Younger generations are willing to go the extra mile in order to attend live events, according to a
new study from the American Automobile Association (AAA) and Bread Financial. New data shows that 65 percent of Gen Z and 58 percent of Millennials have traveled or are planning to travel more than 50 miles during the next 12 months for in-person events such as concerts and sporting events. This is in stark contrast with Gen X and Baby Boomers, who plan on doing the same at a rate of just 43 percent and 27 percent, respectively.
When it comes to spending on concerts and travel, Gen Z and Millennials took the number one spot at 37 percent and 39 percent respectively, responding that they are willing to spend upward of $5,000 on tickets for live events.
Top destinations in 2024 include New York, Florida and California, with 79 percent of travelers choosing these states to travel to in 2024.
Thirty-eight percent of respondents said they planned on going to Madison Square Garden, while 38 percent said they wanted to go to the Las Vegas Sphere and 31 percent reported Radio City Music Hall as their top tourist attraction.
By Staff
Wednesday, May 22, 2024 10:09 AM
A new survey by Specsavers, conducted by Leger, reveals that almost half (41 percent) of Canadian seniors are not up-to-date on their annual eye exam. Despite provincial insurance coverage for seniors, the cost of eyewear has been found to be a barrier for some, causing them to delay their exam.
By Staff
Wednesday, May 22, 2024 12:24 AM
NEW YORK—The national average for gross revenue at ECP locations increased last week, May 13–19, when compared with the previous week at a rate of 4 index points. That places gross revenue at a level 9 index points above where it was at this point in time (Week 20) when compared with last year (2023), 13 points above the same period in 2022, 20 points above 2021, 55 points above 2020 (during COVID) and 25 points above 2019, according to Jobson’s most recent Practice Performance Tracker.
By Staff
Wednesday, May 22, 2024 12:21 AM
MOUNTAIN VIEW, Calif.—At its recent I/O 2024 developer conference, Google introduced a series of updates across its Gemini family of models, including the new 1.5 Flash, its lightweight model for speed and efficiency, and
Project Astra, the company’s latest “vision for the future of AI assistants.” Building on Gemini, a family of AI models that can understand and generate text, as well as other information such as images, audio, videos, and code, Google developed prototype agents that it said can process information faster by continuously encoding video frames, combining the video and speech input into a timeline of events, and caching this information for efficient recall.