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Asia-Pacific Digital Transformation Markets 2019-2024: Focus on 5G, Artificial Intelligence, Internet of Things, and Smart Cities – ResearchAndMarkets.com

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DUBLIN–(BUSINESS WIRE)–The “Digital Transformation Asia Pacific: 5G, Artificial Intelligence, Internet of Things, and Smart Cities in APAC 2019 – 2024” report has been added to ResearchAndMarkets.com’s offering.

This report identifies market opportunities for deployment and operations of key technologies within the Asia Pac region.

While the biggest markets China, Korea, and Japan often get the most attention, it is important to also consider the fast growing ASEAN region including Indonesia, Malaysia, Philippines, Singapore, Thailand, Brunei, Laos, Myanmar, Cambodia, and Vietnam. In fact, many lessons learned in leading Asia Pac countries will be applied to the ASEAN region.

By way of example, H3C Technologies Co. is planning to offer a comprehensive digital transformation platform within Thailand that includes core cloud and edge computing, big data, interconnectivity, information security, IoT, AI, and 5G solutions.

From predicting what will happen with 5G technology in the next few years to identifying how 5G will transform business, Digital Transformation Asia Pacific: 5G, Artificial Intelligence, Internet of Things, and Smart Cities in APAC 2019 – 2024 is must-have research for any ICT company looking to expand business within the region. This report represents the most comprehensive research available focused on the role and impact of 5G, AI, and IoT technologies in Asia Pac. It also provides analysis about how these technologies will have a positive feedback loop effect with smart cities.

The AI segment is currently very fragmented, characterized with most companies focusing on silo approaches to solutions. Longer-term, researchers see many solutions involving multiple AI types as well as integration across other key areas such as the Internet of Things (IoT) and data analytics. AI is expected to have a big impact on data management. However, the impact goes well beyond data management as we anticipate that these technologies will increasingly become part of every network, device, application, and service.

Data analytics at the edge of networks is very different than centralized cloud computing as data is contextual (example: collected and computed at a specific location) and may be processed in real-time (e.g. streaming data) via big data analytics technologies. Edge Computing represents an important ICT trend in which computational infrastructure is moving increasingly closer to the source of data processing needs. This movement to the edge does not diminish the importance of centralized computing such as is found with many cloud-based services. Instead, computing at the edge offers many complementary advantages including reduced latency for time sensitive data, lower capital costs and operational expenditures due to efficiency improvements.

For both core cloud infrastructure and edge computing equipment, the use of AI for decision making in IoT and data analytics will be crucial for efficient and effective decision making, especially in the area of streaming data and real-time analytics associated with edge computing networks. Real-time data will be a key value proposition for all use cases, segments, and solutions. The ability to capture streaming data, determine valuable attributes, and make decisions in real-time will add an entirely new dimension to service logic. In many cases, the data itself, and actionable information will be the service.

Many industry verticals will be transformed through AI integration with enterprise, industrial, and consumer product and service ecosystems. It is destined to become an integral component of business operations including supply chains, sales, and marketing processes, product and service delivery and support models. The term for AI support of IoT (or AIoT) is just beginning to become part of the ICT lexicon as the possibilities for the former adding value to the latter are only limited by the imagination.

AI, IoT, and 5G will provide the intelligence, communications, connectivity, and bandwidth necessary for highly functional and sustainable smart cities market solutions. The combination of these technologies are poised to produce solutions that will dramatically transform all aspects of ICT and virtually all industry verticals undergoing transformed through AI integration with enterprise, industrial, and consumer product and service ecosystems. The convergence of these technologies will attract innovation that will create further advancements in various industry verticals and other technologies such as robotics and virtual reality.

In addition, these technologies are destined to become an integral component of business operations including supply chains, sales, and marketing processes, product and service delivery and support models. There will be a positive feedback loop created and sustained by leveraging the interdependent capabilities of AI, IoT, and 5G (e.g. a term coined as AIoT5G). For example, AI will work in conjunction with IoT to substantially improve smart city supply chains. Metropolitan area supply chains represent complex systems of organizations, people, activities, information, and resources involved in moving a product or service from supplier to customer.

Smart cities in particular represent a huge market for Asia Pac digital transformation through a combination of solutions deployed urban environments that are poised to transform the administration and support of living and working environments. Accordingly, Information and Communications Technologies (ICT) are transforming at a rapid rate, driven by urbanization, industrialization of emerging economies, and the specific needs of various smart city initiatives. Smart city development is emerging as a focal point for growth drivers in several key ICT areas including 5G, AI, IoT, and the convergence of AI and IoT known as the Artificial Intelligence of Things or simply AIoT.

Sustainable smart city technology deployments depend upon careful planning and execution as well as monitoring and adjustments as necessary. For example, feature/functionality must be blended to work efficiently across many different industry verticals as smart city address the needs of disparate market segments with multiple overlapping and sometimes mutually exclusive requirements. This will stimulate the need for both cross-industry coordination as well as orchestration of many different capabilities across several important technologies.

Select Report Findings:

  • Mobile Edge Computing will be key for private wireless implementation
  • AI, IoT, and 5G (AIoT5G) will be the most influential technologies for smart cities
  • Key 5G applications for business will be IoT connectivity, SMB/corporate mobility, and fixed wireless
  • IoT technology will need to adapt to support the dynamic between public and private wireless networks
  • IoT systems will become increasingly more cognitive rather than relying solely upon autonomic event-response logic

Report Benefits:

  • Identify a roadmap for successful digital transformation with key technologies
  • Recognize the impact of smart cities on ICT evolution and digital transformation
  • Understand the architectural framework and solutions for tomorrow’s digital ecosystems
  • Identify the impact of 5G, AI, edge computing, and IoT on enterprise and industrial segments
  • Understand how emerging technologies will transform service and resource management systems
  • Identify how the convergence of AI and IoT (AIoT) will pave the way towards the network of the future

Target Audience:

  • AI and IoT companies
  • Data analytics companies
  • ICT infrastructure suppliers
  • Communication service providers
  • Broadband infrastructure companies
  • National, state and local government

Companies Mentioned

  • AlchemyAPI
  • Amazon
  • AT&T
  • BigML
  • Diffbot
  • Google
  • IBM Watson
  • Microsoft Azure
  • PredictionIO
  • Wit.ai

For more information about this report visit https://www.researchandmarkets.com/r/w67926

Contacts

ResearchAndMarkets.com

Laura Wood, Senior Press Manager

press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

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Business Wire

Shortages of Low-Skill, Middle-Skill, and High-Skill Workers Causing Revenue Declines and Other Headaches for Employers, TrueBlue’s Latest Study Finds

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TACOMA, Wash.–(BUSINESS WIRE)–While there has been a lot of discourse around the shortage of high-skill workers in the U.S., a new study by staffing giant TrueBlue shows a significant percentage of employers are also struggling with deficits in low-skill and middle-skill workers – and dealing with a host of business challenges as a result.

According to TrueBlue’s nationwide survey, which included nearly 1,500 managers (HR, operational, and business), skills shortages are widening across skills categories:

  • 32% of managers can’t find workers to fill low-skill positions (generally classified as those that may or may not require a high school diploma and require little to no experience)
  • 46% can’t find workers for middle-skill jobs (typically require some experience and continuing education such as college courses, an apprenticeship or certification, but don’t necessarily require a four-year college degree)
  • 35% can’t find workers for high-skill jobs (typically require a four-year degree or higher and specialized experience)

Low unemployment coupled with globalization, accelerated technology advancement, and evolving work models are creating talent deficits across all skill levels within organizations,” said Patrick Beharelle, CEO of TrueBlue. “The skills supply is not keeping up with demand, which is fueling a greater intensity in an already competitive labor market and adversely impacting productivity, service quality, and revenue growth for businesses.”

Impact of Talent Shortages on Businesses

The top three business challenges managers are experiencing due to prolonged job vacancies within their organizations include:

  • Quality – More than a third of managers (35%) reported that extended job vacancies have caused lower product or service quality.
  • Turnover – 25% have seen higher employee turnover.
  • Revenue – 23% said their companies experienced a decline in revenue.

To address talent shortages and minimize associated business impact, 2 in 5 companies (41 percent) reported that they plan to raise compensation for entry-level workers and nearly half (46 percent) plan to train and hire the long-term unemployed in the coming year.

Survey Methodology

This SurveyMonkey survey was conducted online in the U.S. by TrueBlue between September 23 and October 15, 2019. It included 1,499 managers (HR, operations and general). The survey was across regions, industries, and company sizes.

About TrueBlue

TrueBlue (NYSE: TBI) is a global leader in specialized workforce solutions that help clients achieve business growth and improve productivity. In 2018, the company connected approximately 730,000 people with work. TrueBlue’s PeopleReady segment offers on-demand industrial staffing services, PeopleManagement offers contingent and productivity-based, on-site industrial staffing and driver staffing services, and PeopleScout offers recruitment process outsourcing (RPO) and managed service provider (MSP) solutions to a wide variety of industries. Learn more at www.trueblue.com.

Contacts

Jennifer Grasz

Vice President, Corporate Communications

jgrasz@trueblue.com
(312) 840-6327

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Law Firm of Estey & Bomberger Reports: Uber Says Nearly 6,000 Rapes, Sexual Assaults Occurred in Two-year Period

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SAN DIEGO–(BUSINESS WIRE)–The law firm of Estey & Bomberger reported today that Uber’s long-awaited sexual assault report was released Dec. 5, with the ride-hailing company admitting that 5,981* passengers and drivers were raped or sexually assaulted between 2017-2018.

“I applaud Uber for releasing the data that acknowledges there is a problem with sexual assaults occurring in rideshare. While we believe these assaults were preventable, Uber’s report represents a tremendous step for ride-hailing safety,” said Estey & Bomberger attorney Mike Bomberger. “I think there are many positive measures Uber is taking. However, Uber still has an obligation to help the victims who have been raped and assaulted and facing a lifetime of emotional pain. They will need ongoing therapy.”

Estey & Bomberger represents more than 100 ride-hailing sexual assault victims.

“It’s important to remember when reading this report that only one in three women report their sexual assault,” Bomberger said. “Therefore, the number of women who have been sexually assaulted is certainly much higher than reported here.”

Bomberger reiterated his call for all ride-hailing trips to be digitally recorded.

“We’re pleased that Uber is now testing cameras in Texas. That’s the real solution to this problem – if drivers know they’re being recorded they won’t rape and assault,” Bomberger said.

Estey & Bomberger is asking Lyft and Uber sexual assault victims, along with former employees of the ride-sharing firms, to contact its office by calling 866-964-1708 or emailing info@lyftsexualassaultlawyers.com.

*statistic courtesy NPR “Uber Received Nearly 6,000 U.S. Sexual Assault Claims in Past 2 Years,” Dec. 5, 2019.

Contacts

for Estey & Bomberger

Ed Vasquez, 408-420-6558

ed@ejvcommunications.com

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Business Wire

Best’s Market Segment Report: AM Best Maintains Global Reinsurance Market Outlook at Stable

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OLDWICK, N.J.–(BUSINESS WIRE)–AM Best has maintained a market segment outlook of stable on the global reinsurance industry for 2020, citing a stabilized pricing environment — albeit at levels below long-term adequacy — the continuing alignment between traditional and third-party capital and ongoing stability in the global life reinsurance segment.

A new Best’s Market Segment Report, titled, “Market Segment Outlook: Global Reinsurance,” states that although rates in the non-life reinsurance market have improved modestly, pricing has not kept adequate pace with the changing risk dynamics, as illustrated by loss development from events such as hurricanes Irma and Maria and Typhoon Jebi, and potential losses from more-recent events (e.g., Hurricane Dorian). Property catastrophe pricing still is being driven by the availability of third-party capital; however, the increasing interdependence between traditional capacity and third-party capital through joint ventures, retrocession and direct ownership should serve to more closely align return objectives for the market overall. Third-party capital also represents a benefit in the form of stabilized earnings of rated balance sheets, due to tail risk being assumed by this capital.

Overall market conditions are improving, but AM Best remains concerned about insufficient rate adequacy relating to certain U.S. casualty lines, a steady decline in the benefit of favorable reserve releases and the pervasive low interest rate environment. The collective effect of these factors requires underwriting discipline, and failure to react to these pressures could adversely affect the segment.

The report outlines other factors that are driving the stable market segment outlook, including:

  • AM Best believes alternative third-party capital will hold the line on future return expectations following the recent heavy catastrophe loss years;
  • A decline in capital consumption and earnings volatility, due in part to the increased utilization of third-party capital in retrocessionaire programs;
  • Greater emphasis on underwriting discipline due to pressure on interest rates and potential slower economic growth globally;
  • Improving pricing momentum driven by higher loss costs, coupled with lower loss reserve redundancies;
  • Increased demand for non-life reinsurance due to primary companies’ recent loss experience, as well as new risk transfer opportunities and mergers and acquisitions;
  • Stable operating performance among life reinsurers, which continue to maintain defensible market positions and offer services beyond risk transfer that create hurdles for new entrants.

To access the full copy of the overall global reinsurance briefing, please visit http://www3.ambest.com/bestweek/purchase.asp?record_code=292334.

Separate briefings on the non-life and life reinsurance segments can be viewed at:

To view a video with AM Best Associate Director Scott Mangan about the global reinsurance market segment outlook, please visit http://www.ambest.com/v.asp?v=globalreoutlook1219.

AM Best is a global credit rating agency, news publisher and data provider specializing in the insurance industry. The company does business in more than 100 countries. Headquartered in Oldwick, NJ, AM Best has offices in cities around the world, including London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

Copyright © 2019 by A.M. Best Company, Inc. and/or its affiliates.

ALL RIGHTS RESERVED.

Contacts

Robert DeRose
Senior Director
+1 908 439 2200, ext. 5435
robert.derose@ambest.com

Greg Carter
Managing Director
+44 20 7397 0288
greg.carter@ambest.com

Michael Porcelli, FSA
Director
+1 908 439 2200, ext. 5548
michael.porcelli@ambest.com

Christopher Sharkey
Manager, Public Relations
+1 908 439 2200, ext. 5159
christopher.sharkey@ambest.com

Jim Peavy
Director, Public Relations
+1 908 439 2200, ext. 5644
james.peavy@ambest.com

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