Category: Business

  • Armani Exchange Launches Summer 2026 Styles with a New Take on the Iconic Sync Platform

    Armani Exchange Launches Summer 2026 Styles with a New Take on the Iconic Sync Platform

    11 June: Summer styling this season embraces radiant gold tones, textured dials and polished details that effortlessly catch the light. Inspired by the energy of long sunlit days and vibrant city nights, the mood feels confident, expressive and easy to wear, blending sleek silhouettes with statement accents that transition seamlessly from daytime plans to evening moments.

    Capturing this spirit of the season, Armani Exchange introduces its new Summer 2026 watch collection featuring contemporary styles for both him and her. The collection brings together refined metallic finishes, sport inspired elements and modern silhouettes designed to balance statement style with everyday versatility, reflecting a fresh and elevated take on seasonal accessorising.

    LADIES SYNC: A NEW CHAPTER IN THE ICONIC SYNC PORTFOLIO

    Building on the success of the iconic Men’s Sync platform, one of Armani Exchange’s bestselling watch portfolios since its launch – the new Ladies Sync collection introduces a refined feminine evolution of the signature design. Retaining the platform’s clean modern aesthetic and versatile appeal, the collection reimagines Sync through polished gold finishes, sleek proportions and elevated detailing designed for contemporary styling.

    Marking the platform’s expansion into women’s watches, the collection also introduces refined new elements including a laboratory-grown diamond accent at the 6 o’clock marker, bringing a subtle touch of sophistication to the signature silhouette. 

    AX6031

    The AX6031 reinterprets the signature Sync aesthetic through a softer, more elevated lens. Defined by a textured gold-tone dial and matching stainless steel bracelet, the design balances clean lines with luminous detailing for a look that feels polished yet effortless. A laboratory-grown diamond accent at the 6-hour marker introduces a refined point of shine, while the rounded case and seamless bracelet construction create a sleek silhouette designed to move easily from day to evening. It is also available in two other colourways – Blue and Silver. 

    AX5738

    The AX5738 brings together vintage-inspired elegance and modern sophistication. A rectangular gold-tone stainless steel case is paired with a warm brown sunray dial, creating a rich, light-catching finish, while the matching bracelet adds a polished, jewellery-like appeal. Complete with clean three-hand detailing and an Adjust-O-Matic closure for a tailored fit, the design offers a refined statement that seamlessly transitions from day to night. 

    AX4298

    The AX4298 combines sharp contrast with understated sophistication through its two-tone construction and textured dial detailing. Designed with a balanced, modern aesthetic, the watch features a clean three-hand movement alongside a functional day-date display that enhances everyday wearability. The layered dial surface introduces depth and dimension, while the polished bracelet and secure clasp complete the design with a refined yet versatile finish suited for both daytime dressing and evening occasions. It is also available in three other colourways: Blue, Gunmetal and Black. 

    AX7178SET

    The AX7178SET delivers a sleek and polished statement through its dark dial contrasted against warm metallic tones. Defined by a clean case structure and minimal three-hand movement, the watch carries a sharp, contemporary presence that feels both elevated and versatile. Designed as a multi-piece set, it offers styling flexibility while maintaining a cohesive aesthetic rooted in modern sophistication and everyday ease. 

  • UP Government Strengthens Investment Promotion Efforts Through Strategic Partnership Between Invest UP and Invest India

     

    New Delhi, June 11: A key meeting was held between Invest UP and Invest India to accelerate investment growth in Uttar Pradesh. The high-level meeting, held in the presence of Invest India Managing Director and CEO Nivruti Rai, focused on exploring new investment opportunities in the state and strengthening the strategic partnership between the two organizations.

    The main objective of the meeting was to enhance cooperation in investment promotion, identify new investment opportunities across key sectors, and facilitate the implementation of investment projects in Uttar Pradesh. Special discussions were held on joint strategies to attract and facilitate Foreign Direct Investment (FDI). Both organizations reaffirmed their commitment to leveraging their respective strengths and expertise to position Uttar Pradesh as one of India’s most attractive investment destinations.

    UP Government Strengthens Investment Promotion Efforts Through Strategic Partnership Between Invest UP and Invest India

    During the meeting, Nivruti Rai gave a detailed presentation on the national investment landscape, the progress of major projects across various states, and emerging trends in investment promotion. The presentation provided valuable insights into opportunities across sectors, investor expectations, and strategies that could be adopted to attract both domestic and global investments.

    The discussions also focused on improving investor outreach, strengthening the investment facilitation mechanism, and enhancing coordination between state and national investment promotion agencies. Both organizations expressed their commitment to working together to ensure faster project implementation, stronger engagement with investors, and a seamless investment experience.

    The meeting was attended by Invest UP CEO Vijay Kiran Anand, Additional CEO Prerna Sharma, Shashank Chaudhary, and other senior officials of the department. The dialogue reflected a shared commitment to driving economic growth through strategic investments and establishing Uttar Pradesh as a preferred destination for global investors.

    The collaboration between Invest India and Invest UP will further strengthen the state’s investment ecosystem and provide fresh momentum to Uttar Pradesh’s long-term economic growth and development goals.

     

  • LetzRyd Introduces LetzOwn to Build a More Financially Inclusive Gig Mobility Economy

    LetzRyd Introduces LetzOwn to Build a More Financially Inclusive Gig Mobility Economy

     

    The first-of-its-kind driver ownership model aims to help commercial drivers move from daily earning to long-term asset creation

    New Delhi, June 11: LetzRyd, a mobility supply infrastructure platform focused on organising and scaling urban transport through technology, has introduced LetzOwn, a first-of-its-kind driver ownership model designed to make India’s gig mobility economy more financially inclusive.

    LetzOwn, an innovative ownership platform developed by LetzRyd, tackles a longstanding challenge in the mobility sector by helping commercial drivers transition from earners to asset owners. While drivers form the backbone of urban mobility and gig-led transport services, many remain outside the formal financial ecosystem. They earn every day, power fleet operations and support city movement, but often do not have access to vehicle ownership, formal credit, predictable financial planning or long-term asset creation.

    LetzOwn has been created to change this journey from short-term earning to structured ownership. The programme allows eligible drivers to access a brand-new vehicle with a low upfront contributioninstead of the high down payments of 20%-30% of asset value usually required in traditional financing. The model does not depend on conventional barriers such as CIBIL history, income proof or collateral, making it more accessible for working drivers who have earning capacity but limited formal documentation.

    Through a predictable monthly earning structure, drivers can operate the vehicle while building a pathway towards ownership. The programme also includes free four-year vehicle insurance, medical protection for the driver and their family and EMI protection, offering added support during periods of accident, illness or income disruption. After completing the 48-month programme, drivers can take full ownership of the vehicle, with the RC and keys transferred to them.

    For drivers, this creates a meaningful shift. Instead of remaining only operators within the gig economy, they get an opportunity to become asset owners. This can improve income stability, strengthen financial confidence and enable deeper participation in the formal economy.

    Commenting on the launch, Tarun Jain, Founder & CEO, LetzRyd, said, “India’s gig mobility economy cannot become truly sustainable unless the people powering it have a path to financial progress. Drivers should not remain locked into daily earning without ownership, security or long-term upside. LetzOwn has been built to give them a structured and transparent route to owning the vehicle they drive.”

    He added, “This is not just a vehicle access model. It is a financial inclusion model for mobility workers. By reducing upfront barriers, enabling predictable payments and creating a clear ownership pathway, we are helping drivers move from operating assets to owning assets. When drivers build financial stability, the entire mobility ecosystem becomes stronger.”

    The LetzOwn model is supported by AI based automated sourcing, digital onboarding, KYC verification, payments collection, GPS monitoring and structured asset protection. The company retains ownership during the lease period, making the model asset-backed while creating a clear risk-management framework.

    LetzOwn started deployments in Bengaluru and Mumbai, with plans to scale across major cities in India. With this launch, LetzRyd is expanding its driver-first mobility approach beyond fleet operations into ownership enablement, reinforcing its belief that mobility must be built with better economics, stronger operations and real financial progress for the people who power it.

     

     

     

  • Seattle’s Back to Business Program deepens support to small businesses affected by crime and vandalism

    Reimbursement caps to small businesses for repairs and preventative measures increase.

    Seattle | June 11- The Seattle Office of Economic Development increased reimbursement caps to small businesses affected by crime and vandalism or are making improvements to preventative measures for their business. Unexpected expenses from vandalism and property damage can create real and burdensome financial challenges from repairs and restoration. The Back to Business Program is designed to help businesses overcome these challenges so they can focus on what they do best – growing their small business.

    Today, the Storefront Repair Fund increased the reimbursement limit from $3,000 per incident to $5,000 per incident for up to three incidents in a calendar year for repairs costs. The Storefront Security Fund increased the one-time reimbursement for approved security improvements from $6,000 to $10,000. Building on the success of 2022 – 2024 COVID-19-era program designed to help businesses recover from damages from vandalism, the City of Seattle launched the Back to Business Program in August of 2025, with renewed $3.3M in funding for 2026.

    “Since taking office I have met with hundreds of small business owners, and the message to me has been clear. It is difficult to be a small business owner right now, and the City can and should do more to help,” said Mayor Katie B. Wilson. “That’s why I am glad programs and services like Back to Business exist, and am proud to support them. If we can provide even a little relief to small businesses when they are impacted by crime or vandalism or when they want to do more to protect their business, that can go a long way for the business being able to invest back in itself and its community.”

    Between August 2025 and the end of May 2026, the Back to Business Program awarded 437 grants to 325 businesses totaling more than $1,030,000 in reimbursements. Because the program application is simple to use, a business may apply to the Storefront Security Fund and the Storefront Repair Fund at the same time, provided they meet eligibility and have the correct documents.

    “After administering the program for several months and evaluating applications, our program team found ways to deepen the support we provide to small businesses who are impacted by crime,” said Beto Yarce, director for the Seattle Office of Economic Development. “Increasing the limits provides more meaningful support to more small businesses and will have a greater impact on a business owner’s bottom line. The Back to Business Program is just one tool in our suite of services to make Seattle an easier and more affordable place to do business.”

    This increase will result in the Back to Business Program covering one hundred percent of a business’s recovery and preventative cost for about ninety percent of eligible businesses who apply. Business owners who had eligible expenses that exceeded the previous limits will retroactively receive a payment for the difference between their original request and the updated limits, if they originally submitted invoices for an amount higher than the original limits. No action is needed by a business to receive the retroactive payment.

    Laura Schneider, owner of West Seattle’s Meeples Games received support from the Back to Business Program in January of 2026. “As a small business owner, every break-in is a massive setback, but the Back to Business program provided us with a real path forward. Thanks to the program, we received immediate help replacing our doors through the Storefront Repair Fund,” said Schneider. “The Storefront Security Fund helped us proactively upgrade our security with astragals and security film. It has restored my peace of mind. Seattle’s investment in independent storefronts works, and Meeples Games is incredibly grateful for this vital support.”

    Applications for the Back to Business Program are open until December 31, 2026 or until funds are exhausted. To find out more about the program, eligibility and to apply, visit seattle.gov/back-to-business.

     

    What people are saying

    Council President Joy Hollingsworth (District 3)
    “OED’s Back to Business Program has been instrumental in helping small businesses recover and get back on their feet. Without this support, many local businesses may not have been able to afford the costly repairs needed to reopen their doors. I love seeing this program expanding so that even more small businesses that call Seattle home can access the resources they need to recover, grow, and continue serving our communities.”

    Councilmember Rob Saka (District 1)
    “Operating a small business in Seattle is tough already – even without being the victim of crime or vandalism. The Back to Business Program has been a great resource for many of the small business in our district to help cover the cost of repairs. From family-friendly establishments like Meeples Games or West Seattle Arcade in West Seattle, to Georgetown Pizza and Arcade, to our coffee shops and art galleries in Pioneer Square, the program has helped make it just a little more affordable to stay in business. I am excited that OED is announcing these reimbursement increases, which will remove even more of the financial burden on small business when they are recovering from a crime, or making plans to prevent it.”

    Councilmember Eddie Lin (District 2)
    “District 2 is home to some of the best food in the city, from Hood Famous and Pho Bac in the CID/Little Saigon to Island Soul and King Donuts in the south end. Small businesses serve community across needs, including food, day care, healthcare, finance and accounting, tech, security, and support services, yet many of these organizations are struggling with skyrocketing costs. Further, broken systems around public safety, mental and behavioral health are pushing additional risks and costs onto community. I am excited that the City can provide a bit of relief to these businesses and the community leaders that run them. Thank you Mayor Wilson and the Office of Economic Development for your care and leadership.”

    Councilmember Alexix Mercedes Rinck (Position 8 – Citywide)
    “Small businesses are the heartbeat of our neighborhoods. This financial investment in preventative measures and increasing the threshold for reimbursements signal our city’s dedication to our small business ecosystem. As Chair of the Human Services, Labor, and Economic Development Committee, I am committed to action to support our small businesses throughout this turbulent time for our economy.”

    Daniel Abraha, Owner, Madrona Market
    “As a small business owner who came from a different state to start a business in Seattle, we have faced a lot of challenges – especially in this economy. As a business owner getting help such as training or grants goes a long way. When we get Back to Business Funding, it helps big time and it goes a long way.”

    Kelsey Lewin, Co-Owner, Pink Gorilla Games
    “The Back to Business Program has been invaluable to us, providing huge relief during frustrating situations. Recovering from property damage via the storefront repair fund took a huge weight off of our shoulders.”

  • JS Institute of Design Hosts Summer Internship 2026, Introducing Young Learners to the World of Digital Design

    JS Institute of Design Hosts Summer Internship 2026, Introducing Young Learners to the World of Digital Design

    New Delhi, June 11: JS Institute of Design (JSID), in academic collaboration with a French Design School, École Intuit Lab, hosted its Summer Internship 2026 in Digital Design, an immersive learning initiative designed for students from Classes 8 to 12. Ran from 30th May to 5th June 2026 at the JSID campus in New Delhi, the program offered participants a hands-on introduction to design, creativity, technology, and innovation through experiential learning and industry-oriented exposure.

     
    Curated as an engaging and multidisciplinary program, the internship introduced students to the fundamentals of design thinking, visual storytelling, digital tools, and problem-solving through studio-based projects, workshops, and guided learning experiences.
     
    The Summer Internship 2026 witnessed participation from 39 students representing diverse academic backgrounds and geographies. The cohort included students from leading institutions such as Kunskapsskolan Gurgaon, Modern School Barakhamba Road, Manav Rachna International School, Shiv Nadar School, GD Goenka Public School, Delhi Public School (DPS), Step by Step School, Lotus Valley International School, among others. Participants travelled from cities including Delhi, Gurugram, Solan, Mohali, Gangtok, Jaipur, Meerut, and Sonipat, creating a vibrant learning environment enriched by varied perspectives and experiences.
     
    Participants engaged across learning tracks tailored to different levels of exposure and skill development.
    The Beginner Track featured modules such as:
    • Environment Design
    • UI/UX Design
    • Window Display (Retail)
    • Editorial Design
    • Animation & Motion Design
    • AI in the Design World
     
    As part of the initiative, JSID also hosted a special parent interaction session titled “Design as a Career: Interaction with the Dean,” led by Prof. Nien Siao, Dean, JS Institute of Design. The session offered insights into evolving opportunities within design education and creative industries, while helping parents better understand future-focused career pathways available to aspiring designers.
     
    Commenting on the program, Prof. Nien Siao, Dean, JS Institute of Design, said: “The Summer Internship 2026 reflects our belief that creativity flourishes through exploration, experimentation, and real-world exposure. It has been inspiring to see young learners from different schools and cities engage so enthusiastically with design thinking, storytelling, and emerging technologies. Programs like these play an important role in nurturing curiosity, confidence, and creative problem-solving skills that will serve students well in the future.”
     
    Through collaborative projects, studio-based learning, and exposure to emerging design and AI tools, the internship provided young learners with an opportunity to explore creative disciplines while interacting with peers from diverse backgrounds. The programme reinforces JSID’s commitment to experiential learning and early creative exposure, empowering students to discover their interests and make informed decisions about future academic and professional pathways in design. Reflecting the institute’s philosophy of “Fearless Today. Iconic Tomorrow.”, the internship encouraged participants to think boldly, embrace experimentation, and confidently express their ideas laying the foundation for the next generation of creative innovators and design leaders.
  • USD 2 Trillion a Year Never Makes It from Obligation to Settlement. Rivvun AI Is Built to Recover It

    Icertis veterans raise $7.55 million seed for Rivvun AI to recover enterprise spend and revenue leakage — Co led by Sitara Capital and 3one4 Capital

    Seattle, WA – June 11, Rivvun AI Inc. announced a $7.55 million oversubscribed seed round led by Sitara Capital and 3one4 Capital, to deploy an autonomous AI execution layer purpose-built for enterprise spend and revenue recovery.

    The scale of the problem is staggering. McKinsey research finds that enterprise procurement functions lose up to one-third of planned savings during execution — with an additional 3– 4% of total external spend lost to transaction inefficiency and noncompliance. Across fortune 2000 revenues that compounds to more than $2T in value that never reaches the bottom line. The money isn’t lost to fraud or bad contracts. It disappears in the gap between what was contractually committed and what enterprise systems were ever built to collect.

    Built by the Executives Who Saw This Problem at Scale

    Anand Veerkar and Niranjan Umarane spent the last decade as senior executives at Icertis, where they helped scale the company to more than $350 million ARR and built a platform governing some of the world’s largest commercial portfolios. Across every industry, the pattern was consistent: terms of trade were precisely structured; financial execution against them was not. Money owed under negotiated agreements quietly went uncollected — not because anyone decided to leave it, but because no system in the enterprise stack was designed to recover it. They left to build that system. They are joined by serial entrepreneur Patrick Linton, who brings deep experience scaling global operations for enterprise software companies.

    The Problem Is Structural. So Is the Solution.

    ERP systems record transactions. CRM tools track relationships. Procurement platforms manage approvals. None of them enforce outcomes. Rivvun’s autonomous AI execution layer connects to existing ERP, CRM, and procurement systems, interprets commercial obligations, identifies what hasn’t settled as agreed, and initiates recovery at the transaction level. No rip-and-replace. No new system of record.

    Two agentic families power the platform: Spend Assurance on the buy side — recovering supplier rebates, pricing commitments, and procurement obligations that have gone unenforced; and Margin Defense on the sell side — recovering customer settlement variances, trade term discrepancies, and revenue that left the P&L without authorization.

    Built Vertical-First, Because Leakage Isn’t Generic

    Chargeback mechanics in pharma — GPO compliance, government pricing obligations — look nothing like settlement gaps in banking or trade term failures in CPG. Generic AI produces generic results. Rivvun deploys with vertical-specific agent logic tuned to the precise failure patterns of each industry, across Pharma, Healthcare, Banking, CPG/Retail and Industrial

    Anand Veerkar, CEO and Co-Founder, Rivvun AI commented: “The enterprise has spent years being told AI will transform how it operates. What it needed was AI that creates direct, measurable impact on the P&L – not productivity narratives, not dashboards. Rivvun closes the gap between what was agreed and what was collected, recovering money that goes straight to the bottom line.

    Sachin Bhanot, Managing Partner, Sitara Capital added: “We’ve invested in enterprise technology for years. The winners tie their value directly to a number the CFO can see on the P&L. Rivvun does exactly that with precision rare for a company at this stage – and with a founding team that has already built a category-leader in this space.”

    Anurag Ramdasan, Partner, 3one4 Capital said: “The team at Rivvun is one of the strongest founder-market fit we’ve seen in the vertical AI category so far. They are not pitching a horizontal AI solution and hoping for enterprises to extract value out of it. They are delivering ROI on AI for large enterprises from the first day of implementation, which is very critical for enterprise AI adoption. This rigor comes from the deep expertise of the founders, and we are incredibly excited to back such a transformational team at seed stage.”

     

  • Global Triumph: True IDC, Backed by CP Group and GIP, Wins ‘Digital Infrastructure of the Year’ at IJGlobal Awards

     True IDC, Backed by CP Group and GIP, Wins ‘Digital Infrastructure of the Year’ at IJGlobal Awards, Set to Transform Thailand’s Digital Economy with EEC Mega Data Center Project

    BANGKOK, June 11 - True Internet Data Center, or True IDC, Thailand’s largest data center operator, backed by Charoen Pokphand Group (CP Group) and Global Infrastructure Partner (GIP), a part of BlackRock, has announced a landmark achievement in winning the ‘Digital Infrastructure of the Year’ award at the IJGlobal Awards, a globally recognized institution for infrastructure and project finance intelligence. This recognition not only reflects the organization’s success but also signals Thailand’s capabilities on the international stage. 

    The ‘Digital Infrastructure of the Year’ award affirms the stature of the AI Hyperscale Data Center project, spanning over one hundred megawatts in the Eastern Economic Corridor (EEC), Rayong Province, as a world-class development drawing global attention. The project features a robust financial and investment structure, developed under advanced data center technology across all dimensions and international sustainability and environmental standards. The first phase is expected to go live in Q3 2026. The project is also among those receiving BOI investment promotion, with a total value exceeding THB 77 billion. 
     
     Global Triumph: True IDC, Backed by CP Group and GIP, Wins 'Digital Infrastructure of the Year' at IJGlobal Awards, Set to Transform Thailand's Digital Economy with EEC Mega Data Center Project

    Thanasorn Jaidee, President of True IDC, commented, “The IJGlobal Award is proof of the strength of this mega data center project, both in financial structure and operations, which True IDC has been developing since 2025. This project is a magnet for investor confidence worldwide and marks a turning point that firmly positions Thailand as a regional technology infrastructure hub, generating substantial long-term economic value. True IDC extends its gratitude to all partners who have driven this project forward, securely, safely, and sustainably, to meet every challenge of the digital era”. 

    Panuwat Hirunpatawong, Chief Investment Officer of True IDC added, “This award reflects our proven ability to structure and finance world-class data center projects. As the country’s longest-established data center provider operating in one of the fastest-growing data center markets in the region, we combine that financial capability with unparalleled operational expertise and local market knowledge. True IDC is well positioned to support hyperscalers as they establish and grow their presence in Thailand.” 

    This achievement at the IJGlobal Awards confirms that True IDC is ready to lead Thailand toward becoming a prominent digital hub in the Asia-Pacific region. 

  • Your Brain Decides What to Buy Before You Do

    Your Brain Decides What to Buy Before You Do

    Imagine yourself in a shopping mall on a casual Saturday afternoon. There are signs of discounts, smells of freshly baked bread, and calm, rhythmic music in the background. Your hand reaches for a luxurious-looking pack of coffee as if on its own. When you return home, you rationalise the purchase to yourself or to your friend as ‘this coffee was discounted and the packaging is very convenient.’

    But the real story of this decision is far more complex. When you were rationalising your choice, a barrage of processes occurred in your brain. A few seconds before the decision, your limbic system, the part of the brain responsible for emotions, had already given the ‘buy’ command. You had no chance of resisting it. This was not a rational decision; it was influenced by pure human biology.

    According to Assistant Professor Dr Indrė Radavičienė of the Faculty of Economics and Business Administration at Vilnius University, consumer decisions are often shaped by emotional and subconscious processes long before people consciously evaluate their choices.

    “We tend to think of ourselves as rational consumers, but emotions often begin shaping our decisions before conscious reasoning takes over,” says Dr Radavičienė.

    Our brain reacts faster than the mind decides

    Welcome to the world of neuromarketing, where neurobiology, psychology, marketing, and consumer behaviour research meet. Here, we seek answers to seemingly simple yet fundamentally important questions: what makes a person trust one brand and completely ignore another? What happens to our brain when we see a discount sign? Why do some colours calm us down and others make us rush? Is it possible to predict a purchase decision even before the person is consciously aware of it?

    Neuromarketing is often misunderstood as an attempt to create ‘zombie consumers’ who are helplessly following advertising instructions. But the true purpose of this science is far more human: to understand the authentic and spontaneous human reaction, often disguised by social norms, politeness, or simply a lack of self-awareness. Neuromarketing allows us to take a peek at the mysterious process taking place in our brains, even before we consciously utter the final ‘I will buy it.’

    Using modern technology, neuromarketing reveals how evolutionary instincts, emotional stimulation, and subconscious filters shape our daily choices. It also explains why stories created by brands often beat even biological tastes, how FOMO – the fear of missing out – encourages impulsiveness, and why the sustainable future of business belongs to a deep and respectful understanding of the emotional needs of the consumer rather than aggressive advertising. Traditional market research – surveys, focus groups, and interviews – is based on the assumption that the consumer knows what they want and can name it. But psychologists note the paradox that we are ‘emotional beings who sometimes think’ rather than ‘thinking beings who sometimes feel.’ When you are asked why you like a certain advertisement, your brain begins to create a logical response to an emotional impulse. This is called post-hoc rationalisation, when we come up with reasons to justify our behaviour after it happened.

    “When people explain why they chose a product, they are often constructing a logical explanation for an emotional response that occurred earlier,” explains Dr Radavičienė.

    Neuromarketing bypasses this ‘filter’. It observes the nervous system directly, capturing reactions that occur within the first milliseconds, before you can think.

    How do they know which product will be successful?

    To understand consumer behaviour, researchers use tools that were only available to top-notch medical centres a few decades ago.

    1. Functional magnetic resonance imaging (fMRI)

    One of the most advanced tools is functional magnetic resonance imaging (fMRI). This technology measures changes in blood flow in the brain. When a certain area of the brain is activated, it needs more oxygen, which is brought by blood. For example, if the pleasure and reward centre nucleus accumbens lights up when seeing a certain product, marketing specialists know – the product will be successful. If the amygdala is activated, the consumer feels insecurity or fear, i.e. emotions that can discourage the purchase.

    2. Electroencephalography (EEG)

    Another widely used method is electroencephalography (EEG), which measures electrical impulses in the brain. This is an extremely fast method that allows us to see how a person’s state changes when watching a 30-second video clip. At which point did the viewer stop being interested? When did they feel engaged? The EEG provides the answers in almost real time.

    3. Eye-tracking and pupillometry

    Eye-tracking equipment plays an equally important role because our eyes are among the most reliable traitors of the subconscious mind. Eye-tracking technologies create ‘heat maps’ that reveal exactly where our gaze is headed. For example, on a page with a photo of a baby, people usually look at the baby’s face rather than the text. However, if the baby in the photo is looking in the direction of the text, consumers’ eyes automatically follow the baby’s gaze. Pupils are also measured: the more they expand, the greater the emotional excitement (positive or negative) that a person is experiencing.

    “What makes these tools particularly valuable is that they allow researchers to observe reactions that occur before consumers themselves become fully aware of them,” says Dr Radavičienė.

    Pepsi and Coca-Cola: which is tastier?

    One of the most famous neuromarketing experiments concerns the eternal rivalry between Pepsi and Coca-Cola. In the blind test, most of the subjects preferred Pepsi. The taste centres in their brain reacted positively to this drink.

    However, things changed when people saw brands. Drinking Coca-Cola activated areas of the brain associated with long-term memory, emotions, and self-identification. People didn’t just say that Coca-Cola tastes better – their brains really ‘experienced’ a better taste. Over decades of marketing, the brand has become part of their identity, leading to a loss of biological taste in favour of the emotional story it creates.

    Another astonishing example is the wine price experiment. When the subjects tasted the same wine, but with different prices indicated (between $5 and $90), their brains recorded a real, physiological increase in pleasure from drinking a ‘more expensive’ drink. This means that the price is not just a number; it is an expectation set by your brain that directly changes your sensory experience.

    “These experiments demonstrate that our experience of a product is shaped not only by its physical characteristics but also by expectations, memories, and emotions,” notes Dr Radavičienė.

    A perfect example of neuromarketing – the layout of IKEA stores

    Companies have long used neuromarketing knowledge to imperceptibly ease consumers’ path to purchase. For example, a study by Frito-Lay found that the glossy packaging of potato crisps activates areas in the brain associated with feelings of guilt about unhealthy food intake. The shift to matte, more ‘natural’-looking packaging has suppressed this response in the brain, so people started buying crisps more freely, without remorse.

    Have you ever wondered why so many fast food restaurants use red and yellow colours? Red stimulates energy and appetite, and yellow promotes optimism and attentiveness. In contrast, blue is rarely used in the food industry because, in nature, it is often associated with decay or poison, so it subconsciously suppresses appetite.

    The layout of IKEA stores is a masterpiece of neuromarketing. The one-way path makes you see thousands of trifles. Your brain gets tired of making decisions, and when you reach the checkout, your ‘muscle of self-control’ is so weakened that you can easily throw a few more candles or a cutting board into your cart that you didn’t need at all.

    “Many retail environments are designed around well-established psychological principles. Consumers may not consciously notice these influences, but they can nevertheless affect behaviour,” says Dr Radavičienė.

    Are we still making our own decisions?

    Many people have a legitimate question: isn’t this manipulation? If companies know how to bypass our rational thinking, do we still decide for ourselves what to buy and what not?

    We have to understand that neuromarketing cannot make you buy something you essentially don’t want. It simply helps brands communicate more effectively. For example, the National Cancer Institute used brain scanning to find the most effective social advertising against smoking. The winner was not the most aesthetically pleasing advertisement, but the one that gave the brain the strongest impulse to take action and call the helpline. In this case, science has contributed to public health. In addition, professional studies are conducted in accordance with strict ethical guidelines. The subjects always give their consent, and their privacy is protected by law. Brain data does not reveal personal thoughts or memories; it only indicates a general reaction to the stimulus.

    “Neuromarketing cannot force people to buy something they fundamentally do not want. Its purpose is to better understand human reactions rather than manipulate them,” emphasises Dr Radavičienė.

    Online, emotions are even more important

    When you buy online, emotions are even more often ahead of logic, so the buying process becomes impulsive rather than consistent. Here, the purchase is determined by two main factors: a person’s emotional stimulation (energy level) and the pleasure experienced. If a website or an advertisement creates positive emotions and, at the same time, piques curiosity, a person tends to buy now, without going into long reflections. Neuromarketing studies show that visual information is processed thousands of times faster in our brains than text, so emotional impulse acts as a fast filter: users are reluctant to analyse all the technical data but rely on what they feel when they see an immersive image. Brands that understand these brain mechanisms are able to establish a connection with the consumer even before they can logically evaluate the price or characteristics of the product.

    A ‘TrustPulse’ (2023) market study confirmed that one of the strongest drivers of impulsiveness is the fear of missing out something important (FOMO), which accounts for about 60 per cent of unplanned purchases. This feeling is deeply rooted in our evolution as an instinct to acquire resources in time and to remain part of the social group, so time-limited offers create a sense of urgency that directly bypasses rational thinking. Meanwhile, research by the ‘Edelman Trust Barometer’ in 2022 and 2023 confirmed that when making high-value decisions, the brain is looking for security and emotional certainty – as many as 83 per cent of consumers are determined to make big purchases only after receiving affirmation through feedback from other people or a trusted brand reputation.

    “Digital environments encourage rapid decision-making, which is why emotional responses often play an even greater role online than in traditional retail settings,” explains Dr Radavičienė.

    In addition to these primary reactions, secondary emotional mechanisms, such as pride and strengthening of social status, also operate. This is particularly evident in the luxury goods sector, where the analysis of the luxury goods market in 2023 performed by ‘Deloitte’ confirmed that as many as 72 per cent of shoppers choose a product not because of its practical characteristics, but because of the psychological satisfaction it provides and the ability to demonstrate their identity or status. This emotional reward brings constant joy even after the moment of purchase, strengthening the connection with the selected brand.

    Finally, the greatest value is created by a sense of community – companies that focus on both product features and creating a common identity are able to retain customers three times longer, because for them, buying becomes no longer a simple transaction but an emotional attachment to a social group close to them.

    Why does the future belong to neuromarketing? 

    In a world where we see thousands of advertising messages every day, traditional methods are starting to fail. We learned to ignore advertising banners, to ‘disconnect’ our attention through pauses, and to filter out noise. Neuromarketing, however, offers a different path – it helps to create content that does not scream, but resonates quietly and accurately with human emotions and experiences.

    A business that understands the emotional needs of its customers can create products that really solve problems instead of simply bombarding the consumer with empty promises or shoving goods that they don’t need. Rather than creating an artificial need through aggressive advertising, neuromarketing specialists seek to respond to the deepest human expectations by creating value that the brain recognises as authentic and useful. This is the way to more sustainable marketing with less ‘noise’ and more meaning. Such a strategy allows companies to optimise their resources, avoid wasting their budget on advertising that annoys consumers, and build a long-term, trust-based relationship with their audience rather than one-off sales.

    “The future belongs to organisations that understand the emotional needs of their audiences and create genuine value rather than simply competing for attention,” says Dr Radavičienė.

    So, the next time you feel an irresistible urge to buy a new item, just smile. This is a sign that your brain has recognised something familiar, safe, or joyful. We are not rational machines; we are very complex and wonderfully emotional people – and this is the biggest part of our charm.

  • TechnoMile Recognized among Notable Vendors in Contract Lifecycle Management Platforms Landscape Report

    Leading research firm notes TechnoMile CLM’s self-reported focus on obligation management and regulatory and policy compliance use cases 

    TYSONS, VA — June 10, 2026 — TechnoMile, the leading AI solution that unifies growth, contracts, compliance, and security workflows, today announced it has been included in Forrester’s report, The Contract Lifecycle Management Platforms Landscape, Q2 2026. The report provides an overview of notable CLM platform vendors and is designed to help technology executives as well as contracts, procurement, legal, and risk professionals understand vendor differences and explore CLM options based on size and market focus.

    Forrester’s report describes the CLM market as shifting toward postsignature intelligence, governance, and integration depth – capabilities that have long been mission-critical realities for organizations operating in the federal contracting environment. The report identifies these capabilities as the emerging center of gravity for mature CLM platforms as AI-native tools increasingly automate earlier-stage drafting and negotiation workflows.

    For TechnoMile, its inclusion reflects the company’s purpose-built focus on the complexities of government contracting. According to self-reported data in the report, TechnoMile’s top extended use cases – obligation management and regulatory and policy compliance – are precisely the capabilities that federal contractors rely on to manage highly regulated, postsignature contract execution.

    “To us, being included in Forrester’s CLM Platforms Landscape report reflects the growing market recognition that federal contracting demands a fundamentally different approach to contract lifecycle management,” said Mick Fox, COO, TechnoMile. “For GovCon and Aerospace & Defense organizations, the complexity has never been in drafting – it’s in executing against contractual obligations, managing compliance across a highly regulated environment, and maintaining audit readiness throughout the life of a contract. TechnoMile was built for exactly that reality.”

    Unlike general-purpose CLM platforms designed primarily around negotiation workflows, TechnoMile’s Contracts Suite is built for the full operational lifecycle of federal contracts – from opportunity identification through contract closeout. The platform supports organizations in managing OCI vetting, clause tracking and flowdowns, contract modifications, limitation of funds monitoring, subcontractor oversight, CDRL and deliverable management, CPARS, and contract closeout, among other postsignature functions.

    TechnoMile’s AI strategy is purpose-built for the regulated workflows of federal contracting, leveraging domain-trained AI agents and copilots that continuously learn from historical capture, contract, program, and compliance data across the enterprise – helping organizations reduce manual workload, improve decision quality, mitigate risk, and strengthen audit readiness over time.

    To access a complimentary copy of The Contract Lifecycle Management Platforms Landscape, Q2 2026 report, please visit https://technomile.com/resources/the-contract-lifecycle-management-platforms-landscape-report-q2-2026.

  • Insurance Professionals Report an Average 17% Rise in Luxury Watch Claims, According to New Research

    10th June 2026 — The Watch Register, the world’s largest and most established international database of lost and stolen luxury watches, reports new research2  that highlights a significant increase in insurance claims relating to the loss and theft of high-value watches.

    The study, conducted amongst 100 insurance loss adjustors and claims managers across the United States, Europe, Asia and the Middle East, reveals that luxury watch-related claims have risen markedly in recent years.  When asked how claims volumes have changed compared to three years ago, two-thirds (67%) of respondents reported an increase of between 10% and 25%, while a further 9% cited even sharper rises of between 25% and 50%.  Overall, insurers reported a mean average increase of 17% in luxury watch claims over the period.  Insurance respondents in Asia reported the highest mean average increase in claim volumes (21%) compared with an average of 15% in the US.

    The findings suggest that the volume of watch-related claims will continue to increase.   More than half (54%) of respondents anticipate claims will rise by a further 10% to 25% over the next three years, while nearly one third (32%) expect increases of between 25% and 50%.  A smaller proportion (2%) predict even more significant growth of up to 75%.  The mean average anticipated increase stands at 24%, underlining the expectation that luxury watch theft will remain a persistent and growing challenge for insurers globally.

    Additionally, given the high circulation of stolen goods on the market, three in four (77%) of insurance respondents report seeing an increase in defective title claims from jewellers’ block policy holders who have unwittingly purchased stolen watches. The majority (83%) of insurers say they are now taking steps to mitigate risk by only paying out defective title claims for watches on the condition that the policy holder has carried out due diligence prior to the transaction by checking a stolen watch database.

    Katya Hills, Managing Director of The Watch Register, said: “Insurance professionals  report a clear rise in luxury watch-related claims, which reflects the high incidence of theft affecting watch owners and jewellers today. Watches are expensive, portable, easy to steal, and highly liquid. The exceptional resale value of watches and high demand for the most desirable models on the secondary market are continuous drivers of theft.  

    “It is more imperative than ever that insurers record the serial numbers for lost and stolen watch claims and report these losses to The Watch Register database to facilitate future detection. The database proactively searches the global pre-owned watch market, maximising the chances of recovery for insurers and their policy holders, and enabling insurers to recoup funds paid out on claims.”

    In 2025 The Watch Register reached a landmark 5,000 lost and stolen watches identified since the service was founded more than a decade ago.  In the past year alone, stolen watches identified by The Watch Register have been traced across 34 countries spanning North and South America, Europe, Asia, North Africa, Australia and the Middle East, underlining both the global scale of the problem and the reach of the platform.