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How to "eat" the cake of an RMB 100 billion convention market? Use LanguageBox

NewsSource:GTCOMDate: 3 June 2019views:39

China's conference industry has shown remarkable momentum in its development. Meanwhile, conference organizers and participants have expressed higher requirements as the concept of participation among visitors continues to change. Each year China holds tens of millions of conferences, whereby the output value of relevant industries amounts to hundreds of billions of yuan. Faced with an RMB 100 billion conference market, how can the current exhibition service providers reach new levels of profitability?

LanguageBox, a smart device developed by GTCOM, uses the world's leading neural-network machine-translation engine. It is said that this engine is built based on the hundreds of millions of precise corpus data accumulated over the course of 46 years. Thus, the engine is a leader in corpus accumulation in professional fields, and it empowers LanguageBox to cut a bigger slice out of the conference-market cake.


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Convention and exhibition service providers face three challenges:


· 1. Labor costs are high.

· 2. The professionalism and accuracy of personnel need to be improved;

· 3. Work efficiency must be improved.



Explore the future of technology with technology

Reduce the cost of language service and increase the order rate


The cost of simultaneous interpreters and note-takers at every major/international conference is considerable. Someone did math by dividing the price of LanguageBox by the average number of times it is used, and found that the cost of machine translation per conference is negligible. For convention and exhibition service providers, using LanguageBox to lower the company's degree of operating leverage is a virtuous cycle of cost control.

In the face of high frequency of operations and various urgent needs, LanguageBox can greatly improve the efficiency of translation and note-taking, thus improving the order rate of convention and exhibition service providers.

With what can LanguageBox have more share in the convention and exhibition industry?


High-quality simultaneous interpreting

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With GTCOM's machine-translation technology and big data resources, in terms of AI simultaneous interpreting, LanguageBox can provide machine-translation services in 37 languages, including Simplified Chinese, English, Spanish and Russian, for large international conferences, thereby enhancing the comprehensive competitive strength of convention and exhibition service providers.



Real-time smart note-taking to realize easy content management


To occupy the RMB 100 billion conference market, it is more necessary for convention and exhibition service providers to explore further in the field of "smart content management." Many conference organizers complain about the time it takes to wait for note-takers to deliver notes files after a meeting, sometimes to wait until the next day.

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LanguageBox enables smart meeting content management by generating audio and multilingual meeting texts in real time. In this way, LanguageBox smart note-taking connects organizers, participants and media in real time, greatly improving the content management capability and conference service quality of convention and exhibition service providers.


Break limitations on time and space to enjoy smart mobile conference


In the future large international conferences, participation and interaction are no longer limited to the conference site and fragmented social platform, as smart mobile conference will become a new trend in the development of the conference industry.

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LanguageBox allows participants to instantly access the "mobile conference room" through terminal operations without being limited by time and space, and to master the content of the conference anytime, anywhere.

So it's not hard to see the combination of large international conferences, conventions, and exhibitions with LanguageBox will engender a large market.

Recently, LanguageBox provided language technology services for the China International Convention and Exhibition Industry Development Conference as part of the China Beijing International Fair for Trade in Services (CIFTIS), the Pudong Innovation Forum, the Shenzhen ICIF and others. At the China International Big Data Industry Expo 2019, LanguageBox won the Chinese Government Information Product Technology Innovation Award 2019. It was also presented at the Third World Intelligence Congress, the Second Western China International Fair for Investment and Trade and other big exhibitions. With AI simultaneous interpreting, smart note-taking, mobile conference room and other functions that lead smart meetings, LanguageBox has successfully attracted a large number of convention and exhibition partners.


By solving the twin problems of high cost and inefficiency, LanguageBox accelerates the intelligent upgrading of conferences. Accordingly, GTCOM is committed to cooperating with convention and exhibition service providers in order to master the blue ocean of the smart conference market and harvest dividends from an industry worth RMB 100 billion.


Reminder

The LanguageBox core channel program has been launched nationwide. Partners are welcomed for consultation and negotiation!

Tel.:

400 119 8181

E-mail:

languagebox@gtcom.com.cn


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