YY Group and Graymatics Form Strategic Partnership for AI Video Analytics in Singapore

Strategic Partnership between YY Group and Graymatics

YY Group Holding Limited (NASDAQ: YYGH) and Graymatics-SG Pte Ltd have announced a significant strategic alliance focused on the distribution of AI-driven video analytics solutions in Singapore. This partnership is set to transform the landscape of business intelligence in various commercial sectors, capitalizing on the growing demand for smart analytics.

Leveraging Expertise and Market Reach

As part of the agreement, YY Group will be the preferred distributor of Graymatics' cloud-based video analytics platform throughout Singapore. With YY Group's established expertise in sectors such as hospitality, retail, and facilities management, both companies aim to convert existing surveillance systems into powerful tools for operational intelligence. This collaboration is not just about enhancing security; it’s about driving efficiency and informed decision-making in workplaces.

Mr. Mike Fu, the Founder and CEO of YY Group, shared his excitement about the partnership, emphasizing its potential to amplify operational capabilities across enterprises in Singapore. This, he believes, will not only reinforce YY Group's status as a leader in smart enterprise solutions but also significantly uplift the standards of services offered in the region.

Transformative Power of AI in Various Industries

Graymatics' cutting-edge platform goes beyond conventional security applications. The system is designed to serve various sectors including smart buildings, manufacturing, and retail. Businesses in these areas can leverage the AI technology to optimize their operations, enhance compliance, and make data-driven decisions that are crucial for sustained growth.

The integration of AI analytics not only offers actionable insights but also sets the stage for smarter operational protocols, ultimately placing companies ahead of their competition. The partnership aims to propel the adoption of such advanced solutions, allowing organizations to rapidly transition into more intelligent operational structures.

Mr. Abhijit Shanbhag, CEO of Graymatics, noted that YY Group's reputable position in the market makes it an ideal partner. With YY Group's robust market presence and capability in executing plans effectively, the collaboration is expected to enhance Graymatics' reach in Singapore and beyond.

About YY Group

Founded in Singapore, YY Group Holding Limited operates on a technology-enabled platform that delivers flexible, scalable workplace solutions and integrated facility management services across Asia. The company's dual focus on on-demand staffing and integrated facility management empowers industries such as hospitality, logistics, retail, and healthcare, ensuring they can respond swiftly to changing labor demands.

YY Group's innovative use of digital platforms and IoT systems enables them to create high-performance environments, not just in Singapore and Malaysia, but in a diverse array of international markets including Europe and the Middle East. Their commitment to excellence and operational innovation is evidenced by their listing on the Nasdaq Capital Market, further underscoring their dedication to long-term value for clients and shareholders alike.

About Graymatics

Graymatics, headquartered in Singapore, specializes in cognitive multimedia analytics. Established in 2011 in Silicon Valley, the company has developed a powerful platform that converts footage captured by CCTV systems into actionable insights for various sectors including retail, manufacturing, and public safety. By focusing on intelligent data utilization, Graymatics offers invaluable services for customers looking to make informed decisions based on real-time analytics.

Together, YY Group and Graymatics are setting the stage for a new era of efficiency and intelligence in commercial operations, embodying a shared vision of innovation and growth. As the partnership unfolds, both leaders stand ready to harness AI's capabilities to foster a more intelligent approach to business analytics in Singapore and potentially across the broader Asian market.