GURUGRAM, India, July 2, 2020 — The Hon’ble Union Minister, Shri Nitin Gadkari today inaugurated VVDN Technologies new Global Innovation Park (GIP)– engineering and manufacturing facility- in Manesar, Haryana, India, via video conferencing.
VVDN Technologies Global Innovation park Inauguration
“It is an achievement for Government of India’s vision for an ‘Atamanirbhar Bharat’ when Indian Tech companies like VVDN take on the challenge of Designing and Manufacturing high-tech electronic products and components in India and set their eyes for global success,” said Hon’ble Minister while inaugurating the VVDN’sGlobal Innovation Park (GIP) Facility via video conference.
Stating VVDN as a success story, Minister highlighted the need for Import substitution, Cost effective, pollution free, Indigenous product manufacturing in India. He added that VVDN’sGlobal Innovation Park, where under one roof all facilities of International standard designing, testing laboratories and production basis international standards will be done is futuristic and the way forward.
Spread across 10 Acres, VVDN’sGlobal Innovation Park (GIP) is marked with R&D and Electronic Manufacturing Facility. It is one-of-its-kind of facilities in India which has the capacity to accommodate 1,00,000 people over the next three years. VVDN Technologies was founded in 2007, with an aim to provide excellent engineering and manufacturing services to its customers. Since then company has been working on next generation technology innovation and have set up R&D centers across India as well as best in class manufacturing facilities in Manesar. With the new GIP facility, VVDN will have a multifold increase in its current capacity for electronic product engineering and manufacturing for a wide range of innovative versatile solutions including 5G Equipment, Trackers, Dashcams, Cameras, Wi-Fi Access Points.
PM Narendra Modi congratulated VVDN Team and sent a letter with his best wishes.
VVDN’s CEO Bhupender Saharan said, “The inauguration of GIP is an important milestone in the company’s ongoing efforts to help India emerge as a hub of engineering innovation excellence and robust manufacturing. This Global Innovation Park, along with 10 other R&D centers, 4 manufacturing facilities across the country, will help us to continuously innovate on the latest technologies especially in the 5G, Wifi, Cloud, Vision IoT space. Having put down our roots so strongly in India, VVDN now is at a place where we would be able to scale up our deliveries for our domestic and global customers. This aligns with the company’s effort to increase the employment in India and eventually contributing in providing a positive impact on the economy of our country.”
The company’s founding team Bhupender Saharan, Puneet Agarwal, Vivek Bansal and Murali Jayraman expressed gratitude towards Honorable PM, Sri Narender Modi for recognizing VVDN’s efforts and sending his wishes to us. They also thanked Sri Nitin Gadkari for inaugurating the GIP and being present with the VVDN Team during the proud moment.
VVDN Technologies has always been the promoter of Electronics Products ‘Design and Make in India‘. The company also announced that it would hire more than 10,000 employees in the next 12 months as a part of its ongoing commitment to accelerate the pace of technology innovation, design and manufacturing in India initiative for Electronics industry. During the Covid-19 lockdown timeframe, VVDN has successfully hired and on-boarded 500 employees across India.
BEIJING, July 3, 2020 — Jianpu Technology Inc. (“Jianpu” or the “Company”) (NYSE: JT), a leading independent open platform for discovery and recommendation of financial products in China, today announced that it received a notice from NYSE Regulation indicating that the Company is not in compliance with Section 802.01E of the NYSE Listed Company Manual as a result of its failure to timely file its Annual Report on Form 20-F for the year ended December 31, 2019 (the “2019 Form 20-F”) with the Securities and Exchange Commission (the “SEC”).
The Company was not able to file the 2019 Form 20-F by its due date primarily due to (i) the impact of the outbreak of COVID-19, as set forth in the Form 6-K furnished to the SEC on April 30, 2020, and (ii) the ongoing internal review, as set forth in the Form 12b-25 submitted to the SEC on June 15, 2020. The Company is making all efforts to file the 2019 Form 20-F as soon as possible.
NYSE Regulation notified the Company that the NYSE will closely monitor the status of the Company’s late filing and related public disclosures for up to a six-month period from the due date of the annual report. If the Company fails to file its annual report and any subsequent delayed filings within six months from the filing due date, the NYSE may, in its sole discretion, allow the Company’s securities to trade for up to an additional six months depending on specific circumstances, as outlined in Section 802.01E of the NYSE Listed Company Manual. It is expected by the NYSE that the Company will submit an official request for NYSE’s consideration at the appropriate time. If the NYSE determines that an additional six-month trading period is not appropriate, suspension and delisting procedures will commence pursuant to Section 804.00 of the NYSE Listed Company Manual.
About Jianpu Technology Inc.
Jianpu Technology Inc. is a leading independent open platform for discovery and recommendation of financial products in China. By leveraging its deep data insights and proprietary technology, Jianpu provides users with personalized search results and recommendations that are tailored to each user’s particular financial needs and credit profile. The Company also enables financial service providers with sales and marketing solutions to reach and serve their target customers more effectively through online and mobile channels and enhance their competitiveness by providing them with tailored data, risk management and end-to-end solutions. The Company is committed to maintaining an independent open platform, which allows it to serve the needs of users and financial service providers impartially. For more information, please visit http://ir.jianpu.ai.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. 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,” “confident” and similar statements. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of 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 goal and strategies; the Company’s future business development, financial condition and results of operations; the Company’s expectations regarding demand for, and market acceptance of, its solutions and services; the Company’s expectations regarding keeping and strengthening its relationships with users, financial service providers and other parties it collaborate with; general economic and business conditions; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in the Company’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law.
For investor and media inquiries, please contact:
In China: Jianpu Technology Inc. Oscar Chen Tel: +86 (10) 6242-7068 E-mail: IR@rong360.com
The Piacente Group, Inc. Jenny Cai Tel: +86 (10) 6508-0677 E-mail: jianpu@tpg-ir.com
In the United States: The Piacente Group, Inc. Brandi Piacente Tel: +1-212-481-2050 E-mail: jianpu@tpg-ir.com
TOKYO, July 3, 2020 — Railgun: Spectrum Story was released by D-techno Co., Ltd on the App Store and Google Play on July 2, 2020.
Smartphone Application Railgun: Spectrum Story Now Available!
Railgun: Spectrum Story is an application in which you can enjoy video chatting with Mikoto Misaka, main character of the wildly popular anime A Certain Scientific Railgun.
The application has been released on the App Store and Google Play in 17 counties, including the United States and Canada.
The Video Chat system makes use of your phone’s camera to make it seem like you’re really chatting with Mikoto Misaka. Raising your Bond Rank with Mikoto by talking with her will unlock new conversations. Those conversations can even change depending on your choices and the time of day.
Enjoy all-new voice lines from Mikoto Misaka (CV: Rina Sato) recorded specially for the app. We hope you enjoy the fully voiced introduction.
-More than just a school uniform… Discover the rest of Mikoto’s wardrobe
Railgun: Spectrum Story App Description
While the app allows you to enjoy conversing with Mikoto in her school uniform, additional content* will let you dress her up in different outfits seen in the anime. Each outfit comes with its own special events and cutscenes, allowing for a wide variety of different video chats with Mikoto.
*Includes paid content.
-Messages and wake-up calls too
Look forward to messages sent by familiar characters from the anime. You may even receive a message from a certain someone.
And you can even set a time and receive a wake-up call from Mikoto herself.
-Introduction: A Certain Scientific Railgun T
A Certain Scientific Railgun T is the third season of the anime adaptation of A Certain Scientific Railgun, a manga spinoff of the popular A Certain Magical Index light novel series.
The story is beloved for the view it offers into the peaceful, occasionally hectic lives of Mikoto Misaka—a Level 5 esper also known as “Railgun”—and her esper friends.
Genre: Video Chat Adventure Compatible Operating Systems: iOS11 or newer, Android 6.0 or newer required. Official Website: https://railgun-spectrum.com/en/
A large portion of pump OEMs’ growth will be driven by services in the next 5 years
SANTA CLARA, California, July 3, 2020 — Frost & Sullivan’s recent analysis, 2025 Vision: Future of Pumps in a Connected World, finds that an average of 50% to 60% of pump original equipment manufacturers’ (OEMs’) revenue is expected to be generated from services-related activities, such as real-time monitoring and reliability services. This will result in the pump industry transitioning from a product-based to a service-based model in the wake of Industrial Internet of Things (IIoT) in this digitalization era. Global pump revenue is estimated to reach $46.92 billion by 2025 from approximately $38.34 billion in 2019.
“In the next five years, a large portion of pump OEMs’ growth will be driven by services that leverage analytics to provide insights on improving pump reliability and lifetime,” said Kiravani Emani, Industrial Automation & Process Control Research Analyst at Frost & Sullivan. “Additionally, service-based business models are expected to become more predominant; as a result, pump OEMs are expected to diversify their revenues and deliver standalone services to unlock new revenue streams.”
Emani added: “Intelligent pumps with analytics capabilities are expected to be the new norm as customers require meaningful data insights on pump performance as opposed to a device that will merely display data. Further, the water and wastewater, chemicals, refining, and oil and gas production industries are expected to embrace IoT-based pump solutions as these industries are actively working towards digitalization.”
The advent of IIoT has unlocked innovative and profitable business models for pump vendors. The need to shift from a traditional business model (hardware) to services is presenting tremendous growth prospects for pump OEMs, including:
Expanding service capabilities with a focus on building innovative business models to unlock revenue opportunities.
Offering high-quality, reliable and precise services for customers by investing in IIoT-based technologies such as cloud computing and edge analytics.
Adopting an integrated approach by leveraging the strength of channel partners to enhance the customer experience.
Reducing energy consumption and controlling operational costs to boost the demand for energy-efficient pumps.
2025 Vision: Future of Pumps in a Connected World is the latest addition to Frost & Sullivan’s Industrial Automation & Process Control research and analyses available through the Frost & Sullivan Leadership Council, which helps organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future.
About Frost & Sullivan
For over five decades, Frost & Sullivan has become world-renowned for its role in helping investors, corporate leaders and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion.
Baidu Plans to Deploy 5 Million AI Cloud Servers by 2030 and Train 5 Million AI Professionals
BEIJING, July 2, 2020 — Baidu, Inc. (NASDAQ:BIDU) recently announced that it will increase its investments in cloud computing, AI education, AI platforms, chipsets, and data centers in the coming ten years as part of its efforts to construct “new infrastructure” for the smart economy of the future.
Under the plan, Baidu aims to have 5 million intelligent cloud servers by 2030 and train 5 million AI professionals within 5 years, which will help facilitate the widespread application of AI in transportation, city management, finance, energy, health care, and manufacturing to eventually achieve industrial intelligence.
“New infrastructure–which encompasses emerging technologies like AI, cloud computing, 5G, IoT, and blockchain–will be the driver for China’s economic development in the coming decades,” said Baidu Chief Technology Officer Haifeng Wang, underscoring the importance of the plan.
“As a world-leading AI platform company, Baidu is well positioned to make large contributions to the development of new infrastructure in China, which will support the implementation of AI applications in different industries.”
The investment plan will see Baidu deploy 5 million intelligent cloud servers by 2030, an ambitious target that would create a combined computing capability equal to seven times the total calculable computing power of the world’s existing top 500 supercomputers.
Viewing human capital as a core component of new infrastructure, Baidu also intends to train 5 million AI professionals in the next five years. Baidu has been working with more than 200 leading universities in China to develop courses related to AI and deep learning and has already trained more than 1 million AI experts.
As a developer of both AI infrastructure and AI applications, Baidu is well-positioned to contribute to building new style infrastructure, which is at the core of China’s “New Infrastructure” policy to accelerate economic growth and industrial upgrade.
Layout of Baidu’s AI-powered new infrastructure
Baidu has more than 7,000 published AI patent applications in China, the highest in the country. The AI open platform Baidu Brain has made available more than 250 core AI capabilities to over 1.9 million developers, while PaddlePaddle, the largest open-source deep learning platform in China, services 84,000 enterprises. Baidu’s Kunlun and Honghu AI chips are among the highest preforming AI chips and are built for a wide range of scenarios. Baidu Cloud is China’s leader in public cloud and AI cloud services with more than ten data centers across the country.
This new infrastructure is already allowing Baidu to lead the intelligent transformation of different industries. Baidu’s smart finance products serve nearly 200 financial institutions, while Baidu’s intelligent healthcare prouducts are deployed at more than 300 hospitals and 1500 grassroots medical institutions. Baidu Brain for Cities is already in place in Chongqing, Suzhou, and other cities, supporting more intelligent city management. Baidu’s new investments will enhance its ability to rollout AI applications in these scenarios, as well as in manufacturing, energy, and transportation.
About Baidu
Baidu, Inc. is a leading search engine, knowledge and information centered Internet platform and AI company. The Company’s mission is to make the complicated world simpler through technology. Baidu’s ADSs trade on the NASDAQ Global Select Market under the symbol “BIDU”. Currently, ten ADSs represent one Class A ordinary share.
Two new AI features for in-store analytics made possible by Xovis 3D sensors
ZOLLIKOFEN, Switzerland, July 2, 2020 — When their ordinary "all-in-a-day’s-work" became extraordinary, Xovis ramped up their R&D to solve unforeseen challenges. Today, the company proudly presents two new AI features for their 3D people counting sensors: Face Mask Detection and View Direction. While View Direction had been hinted at in January this year, Face Mask Detection has sprung up out of the current situation with COVID-19. Xovis hopes that this will help their customers stay on top of public health regulations. The company’s innovative and GDPR compliant technology becomes the only kind to detect face masks directly on 3D sensors.
The Xovis Face Mask Detection
The Xovis View Direction
As Xovis Head of Retail Anne Wyder explains, "COVID-19 has made face masks compulsory in many public places; we have responded by developing a new AI feature for our sensors to recognize whether or not face masks are in fact being worn. In a bid to help businesses adhere to public health regulations, this new software plugin for Face Mask Detection will be free of charge until the end of the year for our integrator partners working with the Xovis Cloud Account."
Despite COVID-19, and at the same time because of the global crisis that has ensued, Xovis is actively providing technological solutions for both occupancy and physical distancing management. As Xovis CPO Christian Studer puts it: "We have been busy – we’ve not only finished development of the much-anticipated View Direction plugin for in-store analytics, but in an agile response to changing market demands also stepped up to the plate and created something extra in our firmware for our customers. Both Face Mask Detection and View Direction features provide deeper insight into customer behavior – the analysis of which has become more important than ever before."
As the undisputed innovator of people flow technology based on 3D stereovision sensors, Xovis is committed to bringing the best products and services to customers and partners alike. Because people count.
Avaya’s solutions combine resources, insights, and knowledge from across the organization to deliver outstanding customer and employee experiences
SANTA CLARA, California, July 2, 2020 — Based on its recent analysis of the North American workforce engagement management (WEM) market, Frost & Sullivan recognizes Avaya Holdings Corp. (NYSE:AVYA), a global leader in solutions to enhance and simplify communications and collaboration, with the 2020 North American Growth Innovation Leadership Frost Radar Award. The Avaya OneCloud contact center-as-a-service (CCaaS) portfolio provides customer and workforce engagement solutions supplemented by capabilities such as artificial intelligence (AI)-infused bots, predictive routing, real-time sentiment analysis, and agent guidance. These capabilities connect all touch points across the customer journey including voice, video, chat, messaging, social, and screen.
Avaya
"Avaya’s capabilities can intelligently transition customer needs from self-service AI to human interaction and deliver a personalized journey across the entire organization, from front- to back-office, for superior CX," said Nancy Jamison, industry director. "Its developer tools and APIs allow in-house and partner developer communities to innovate and integrate applications. Some of its notable AI- and mobility-based products include Avaya Conversational Intelligence, Avaya Mobile Experience, Avaya Mobile Identity, and Avaya AI Routing."
Avaya’s flexible CCaaS options, supporting public, private, and hybrid deployment, enable customers to leverage the cloud model best suited to their business needs. The Avaya OneCloud CCaaS portfolio provides customer and workforce engagement solutions supplemented by capabilities such as AI-infused bots, predictive routing, and real-time sentiment analysis and agent guidance. Also, its OneCloud UCaaS solutions can function in all environments, as can Avaya Cloud Office. Frost & Sullivan recognizes Avaya as one of the few providers with a full line of devices and endpoints. It complements its continued R&D investment with technology partnerships, including majors such as Verint, Afiniti, Nuance, Google, Avaya’s A.I.Connect and DevConnect programs, to round out its full-stack of WEM and WEM-supporting products.
"In an evolving economy where experience is a differentiator for brands, we are honored to be recognized for our commitment to enhancing customer and employee experiences for our clients," said Anthony Bartolo, Avaya executive vice president and chief product officer. "Avaya continues it’s ongoing investment in customer-led innovation and expanding our ecosystem of technology partners that work with us to deliver a robust portfolio of customer engagement, workforce engagement management and workforce optimization solutions. This award helps highlight that in a sea of contact center providers, Avaya is far differentiated by our breadth of WEM solutions and experience, over anyone else in the field."
Avaya customers including Conduit Global, Florius and Canon Financial Services, among others, are driving improved engagement and business outcomes with WEM innovation. Strategically, Avaya combines solutions to bolster its core capabilities as part of the WEM portfolio. For example, for recruitment and onboarding, the Avaya Conversational Intelligence solution sends real-time sentiment and intent with context to the desktop to help new hires make informed decisions.
"Avaya’s WEM cloud delivery and subscription models are well-suited to both mid-market and large enterprises. Overall, it is set to lead the industry with a converged UC and contact center platform that can redefine WFO for unique CX and EX, even beyond contact centers," noted Jamison. "Strong partnerships and substantial investments in R&D have positioned Avaya for notable growth in 2020."
The Growth Innovation Leadership (GIL) best practice is bestowed upon companies that are market leaders that are at the forefront of innovation. These companies consolidate or grow their leadership position by continuously innovating and creating new products and solutions that serve the evolving needs of the customer base. These companies are also best positioned to expand the market by strategically broadening their product portfolio.
Frost & Sullivan Best Practices awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research to identify best practices in the industry.
To get an in-depth look from Avaya at how to simplify, modernize, and automate customer journeys to build customer loyalty, click here.
About Frost & Sullivan
For over five decades, Frost & Sullivan has become world-renowned for its role in helping investors, corporate leaders, and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion.
About Avaya Businesses are built on the experiences they provide, and everyday millions of those experiences are built by Avaya (NYSE: AVYA). For over one hundred years, we’ve enabled organizations around the globe to win – by creating intelligent communications experiences for customers and employees. Avaya builds open, converged and innovative solutions to enhance and simplify communications and collaboration – in the cloud, on-premise or a hybrid of both. To grow your business, we’re committed to innovation, partnership, and a relentless focus on what’s next. We’re the technology company you trust to help you deliver Experiences that Matter. Visit us at http://www.avaya.com.
Cautionary Note Regarding Forward-Looking Statements This document contains certain "forward-looking statements." All statements other than statements of historical fact are "forward-looking" statements for purposes of the U.S. federal and state securities laws. These statements may be identified by the use of forward looking terminology such as "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "might," "our vision," "plan," "potential," "preliminary," "predict," "should," "will," or "would" or the negative thereof or other variations thereof or comparable terminology. The Company has based these forward-looking statements on its current expectations, assumptions, estimates and projections. While the Company believes these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond its control. The factors are discussed in the Company’s Annual Report on Form 10-K and subsequent quarterly reports on Form 10-Q filed with the Securities and Exchange Commission (the "SEC") available at www.sec.gov, and may cause the Company’s actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by these forward-looking statements. The Company cautions you that the list of important factors included in the Company’s SEC filings may not contain all of the material factors that are important to you. In addition, in light of these risks and uncertainties, the matters referred to in the forward-looking statements contained in this press release may not in fact occur. The Company undertakes no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law.
BEIJING, July 2, 2020 — A news report by China.org.cn on a global event launched on July 2 in Beijing to collect new ideas to address challenges in climate investment and finance:
A global event was launched on July 2 in Beijing to collect new ideas from around the world to address challenges in climate investment and finance.
The Climate Investment and Finance Article Call 2020 event was launched at the online ceremony for China’s National Low-carbon Day, which falls on July 2 this year.
Starting from early August, the organizing committee will collect writings on innovative concepts and industrial practices, aiming to address global challenges in climate investment and finance, and to further improve research in the field.
Li Gao, director general of the Department of Climate Change at the Ministry of Ecology and Environment, delivered a keynote speech at the event, inviting scholars from both China and abroad to contribute new thoughts and share their practices.
Li Gao delivers a keynote speech at the event, July 2, 2020.
The authors or teams are required to submit their works before Jan. 10, 2021. Upon submission, in February, an expert panel will select the best works and recommend them to cooperating journals for publication. A selection of the top authors or teams will then be invited to participate in the 2021 China Climate Investment and Finance International Forum as guest speakers to discuss relevant issues.
Li, who is also the director of Climate Investment and Finance Association (CIFA) at the Chinese Society for Environmental Sciences, said the expert panel will adopt a rigorous process in selecting and recommending papers.
The expert panel consists of professionals from more than 20 top universities around the world as well as 12 prestigious journals in the fields of finance, economics, energy and environmental research.
The reviewing committee is co-chaired by Xie Zhenhua, president of the Climate Change and Sustainable Development Institute of Tsinghua University, and special advisor on Climate Change Affairs of the Ministry of Ecology and Environment, and Ernesto Zedillo, director of the Yale Center for the Study of Globalization, professor in the field of international economics and politics, and former president of Mexico.
Xie Zhenhua delivers a speech at the event, July 2, 2020.
According to Xie, “The expert panel will conscientiously review and select a collection of outstanding articles which meet an international standard of excellence, generate innovative findings, and potentially deliver policy influence.”
Zedillo added, “I encourage all prospective respondents to this call to apply their talents to produce research and concrete ideas that can be translated into more enlightened and effective policies.”
Ernesto Zedillo delivers a speech at the event, July 2, 2020.
D’Maris Coffman, deputy chief of the events’ reviewing committee and director of University College London’s Bartlett School of Construction & Project Management, said: “The world requires fundamental shifts in global climate investment and finance, from billions to trillions. Our climate policy needs to be transformed to maximize the real and additional climate benefit and to mobilize private sector financing.”
The event is jointly initiated and organized by the CIFA, University of Edinburgh Business School, the Bartlett School of Construction and Project Management of University College London, School of Management and Economics at the Beijing Institute of Technology, and the Institutes of Science and Development at the Chinese Academy of Sciences. It is co-organized by the China Energy Conservation and Environmental Protection Group, China Central Depository & Clearing Co., Ltd., Guangdong Reduce Carbon Technology Co., Ltd., Beijing Guohuan Rhein Environmental Co., Ltd., and China International Engineering Consulting Corporation.
SHENYANG, China, July 2, 2020 — Recently, International Data Corporation (IDC) has released the China Market Shares of Core Hospital Management Systems 2019: Upgrading Core Systems to Support Healthcare Digital Transformation. According to this report, Neusoft took the first place in China core hospital management systems solutions market in 2019 and topped the ranking of China healthcare IT solutions market for the tenth consecutive year, continuing leading the healthcare informatization construction in China.
In the healthcare informatization sector, Neusoft is a leading provider of intelligent healthcare integrated solutions in China. With the largest client base in the industry in China as well as the best practices in various sub-sectors, Neusoft is striving to facilitate the rapid development of healthcare informatization and promoting China’s healthcare system reform. Neusoft is also the first large provider to have launched core hospital management systems, with leading market shares as well as advanced concepts and products.
With over two decades’ devotion to the healthcare sector, Neusoft consistently commits itself to utilizing information technologies to promote the harmonious development of the healthcare ecosystem. Nowadays, Neusoft’s healthcare business has covered hospital informatization, health insurances, medical equipment, cloud hospitals, medical big data and intelligence, health and medical education, medical IoT and 5G, etc., and Neusoft has built a sustainable IT-centric ecosystem.
In the future, Neusoft will continue to empower the healthcare industry through software. Neusoft will keep promoting the integration of information technology and the healthcare, make the new technologies like artificial intelligence, blockchain, cloud computing, big data, internet of things become new medical elements, and build a sustainable healthcare ecosystem for creating more value for the society, industry and clients.
Increasing BDA investment in disaster preparedness, operational management, and diagnostic use cases across the globe will unfold exponential growth
SANTA CLARA, Calif., July 2, 2020 — Frost & Sullivan’s recent analysis, Post-pandemic Growth Opportunity Analysis of the Big Data Analytics Market, predicts that the global Big Data Analytics (BDA) market is estimated to witness double-digit growth in the post-pandemic COVID-19 era. Under an aspirational forecast scenario, which assumes that the COVID-19 virus is contained by August 2020 and that global markets will be able to recover by the end of the year, the market is expected to expand at a compound annual growth rate (CAGR) of 28.9%, reaching $68.09 billion by 2025 from $14.85 billion in 2019. Under the conservative forecast scenario, the market is likely to reach $41.84 billion by 2025, at a CAGR of 18.8%. Depending on the development and availability of a vaccine, the conservative forecast includes a market slowdown and recovery period of 18 to 24 months.
"BDA use will continue to grow because it is currently being utilized to manage, diagnose, and develop a cure for COVID-19," said Deviki Gupta, Information & Communication Technologies Senior Industry Analyst at Frost & Sullivan. "Additionally, considering the benefits of BDA solutions in both the government and intelligence (G&I) and non-governmental organization (NGO) sectors, there will be an increase in demand for analytics as it has promising features, such as mitigating risk in business planning, improving operations, and better serving customer needs."
Gupta added: "Despite the current crisis, BDA continues to be among the top three deployment priorities for enterprises, after data security and replacing legacy systems. Further, major competitive factors will include a vendor’s ability to serve advanced use cases and its ability to play a consultative role for customers, such as helping them better understand their hardware and software needs to achieve these use cases in both BDA market segments—data discovery and visualization (DDV) and advanced analytics (AA)."
The lengthening of sales cycles and decrease in customer spending on BDA solutions as budgets are frozen or diverted to meet urgent operational needs are likely to restrain the growth of the BDA market. However, market participants should consider the following key growth opportunities:
Organizations’ aim to reduce latency and take timely action, especially during the pandemic, will encourage vendors to focus more on intuitive searchability powered by a deeper metadata schema and machine learning.
Increasing BDA investment in disaster preparedness, operational management, and diagnosticuse cases across the globe will create exponential growth prospects for vendors.
Big Data, cloud computing, and consumer demand for personalized and context-based services are driving the implementation of AI/ML applications.
APAC presents continued high potential for growth with the increasing use of BDA, AI, and robotics in China, Singapore, Taiwan, and Japan to contain COVID-19.
Post-pandemic Growth Opportunity Analysis of the Big Data Analytics Market is the latest addition to Frost & Sullivan’s Information & Communication Technologies research and analyses available through the Frost & Sullivan Leadership Council, which helps organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future.
About Frost & Sullivan
For over five decades, Frost & Sullivan has become world-renowned for its role in helping investors, corporate leaders and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion.
Post-pandemic Growth Opportunity Analysis of the Big Data Analytics Market
