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WiMi Developed Real-Time Data-Driven Multi-Objective Evolutionary Algorithm, Introducing New Tool for Intelligent Decision Making

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BEIJING, Aug. 9, 2023 /PRNewswire/ -- WiMi Hologram Cloud Inc. (NASDAQ: WIMI) ("WiMi" or the "Company"), a leading global Hologram Augmented Reality ("AR") Technology provider, today announced that a real-time data-driven multi-objective evolutionary algorithm was developed, multi-objective evolutionary algorithm is an algorithm suitable for solving multi-objective optimization problems, which can find the optimal equilibrium between multiple objectives. Different from the traditional single-objective optimization algorithm, the multi-objective evolutionary algorithm can consider multiple objectives at the same time, thus obtaining more comprehensive and accurate results. The real-time data-driven multi-objective evolutionary algorithm integrates real-time data into the algorithm, and realizes the adaptive and real-time nature of the algorithm by constantly updating the data and parameters.

The algorithm is a powerful search tool, and its core idea is based on the evolutionary algorithm for multi-objective optimization driven by real-time data, and the algorithm usually consists of the steps of data collection, problem instantiation, algorithm solving, and model updating.

The data are first obtained from the real-time data stream and are pre-processed and feature extracted. The pre-processed data is converted into a problem instance and a multi-objective optimization model is constructed. Then use the multi-objective evolutionary algorithm to solve the problem instances and get the optimal solution. And use the optimal solution to update the multi-objective optimization model and regenerate the next round of problem instances based on the new model.

Real-time data-driven multi-objective evolutionary algorithm can help people better solve multi-objective optimization problems in complex and dynamic environments by combining the advantages of the real-time data and evolutionary algorithm. It has a strong adaptive ability and can be adjusted according to different problems and data. In different environments, different evolutionary strategies can be chosen to adapt to different changes. With the real-time data-driven multi-objective evolutionary algorithm, it can effectively deal with complex, nonlinear systems and maintain robustness and reliability in dynamic environments. It not only runs on single-core computers, but can also be applied in environments such as high-performance computer systems, distributed computing and cloud computing. Compared with other intelligent algorithms, the real-time data-driven multi-objective evolutionary algorithm is easier to explain and understand.

WiMi's real-time data-driven multi-objective evolutionary algorithm has been widely used in many fields, such as intelligent transportation systems, industrial automation, finance and healthcare. These applications involve a large amount of real-time data streams, which are difficult for traditional optimization algorithms to handle efficiently. The real-time data-driven multi-objective evolutionary algorithm can continuously sample and process data streams through online real-time execution, and can help us quickly respond to changing data streams, identify and solve practical problems promptly, and continuously iteratively optimize models and algorithms so as to improve efficiency and accuracy. It can also consider multiple objectives at the same time, such as cost, efficiency, accuracy, etc., providing powerful decision support for decision-makers in various industries.

In the future, with the increasing digitization of various industries, large-scale real-time data streaming will become mainstream. The real-time data-driven multi-objective evolutionary algorithm, as an optimization technique based on the evolutionary algorithm and real-time data streams, has the advantages of being easy to implement, high reliability, and strong performance, so its application prospects are very broad. In the future, with the continuous improvement and refinement of the algorithm, it will be applied in more fields, such as smart manufacturing, smart city, Internet of Things, etc., to make greater contributions to promoting the digital transformation and upgrading of various industries.

About WIMI Hologram Cloud

WIMI Hologram Cloud, Inc. (NASDAQ:WIMI) is a holographic cloud comprehensive technical solution provider that focuses on professional areas including holographic AR automotive HUD software, 3D holographic pulse LiDAR, head-mounted light field holographic equipment, holographic semiconductor, holographic cloud software, holographic car navigation and others. Its services and holographic AR technologies include holographic AR automotive application, 3D holographic pulse LiDAR technology, holographic vision semiconductor technology, holographic software development, holographic AR advertising technology, holographic AR entertainment technology, holographic ARSDK payment, interactive holographic communication and other holographic AR technologies. 

Safe Harbor Statements

This press release contains "forward-looking statements" within the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," and similar statements. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. Among other things, the business outlook and quotations from management in this press release and the Company's strategic and operational plans contain forward−looking statements. The Company may also make written or oral forward−looking statements in its periodic reports to the US Securities and Exchange Commission ("SEC") on Forms 20−F and 6−K, in its annual report to shareholders, in press releases, and other written materials, and in oral statements made by its officers, directors or employees to third parties. Forward-looking statements involve inherent risks and uncertainties. Several factors could cause actual results to differ materially from those contained in any forward−looking statement, including but not limited to the following: the Company's goals and strategies; the Company's future business development, financial condition, and results of operations; the expected growth of the AR holographic industry; and the Company's expectations regarding demand for and market acceptance of its products and services.

Further information regarding these and other risks is included in the Company's annual report on Form 20-F and the current report on Form 6-K and other documents filed with the SEC. All information provided in this press release is as of the date of this press release. The Company does not undertake any obligation to update any forward-looking statement except as required under applicable laws.

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SOURCE WiMi Hologram Cloud Inc.

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