HONG KONG, Oct. 12, 2021 — HGC Global Communications Limited (HGC) today announced the appointment of Eli Ngai as Chief Information Officer, with immediate effect. He will be responsible for the dynamic development of the Group’s digital capabilities and infrastructure, helping to ensure it can continue to expand and enhance its fully-fledged ICT and telecom services for operators and enterprises in Hong Kong and around the world.
Eli Ngai will focus on fostering agility for HGC and its customers as the new Chief Information Officer
In this new role, Eli will lead the creation and implementation of digital strategies that improve HGC’s ability to respond rapidly and with innovation to market changes. He will also focus on leveraging digital technologies to enhance the HGC customer journey. In addition, Eli will continue to oversee the Software & Systems team to help HGC attract customers and support them with customized solutions.
An ICT industry veteran with more than three decades of experience, Eli has expertise in software development, enterprise networking, information security and data center virtualization and orchestration. He joined HGC in 2019 when the Group acquired Macroview Telecom, a leading Hong Kong-based provider of digital technology solutions. Eli had served at Macroview for 27 years, most recently as Chief Information Officer, where he focused on driving digital transformation for the company and for corporate clients across the financial services, retail, telecommunications and government sectors.
Andrew Kwok, Chief Executive Officer of HGC, said, "As the world enters a new era of digitalization, HGC will continue to expand our digital capabilities, riding on our full-fledged digital infrastructure, to help our business thrive and to ensure that our customers can benefit from the best that modern ICT can offer. Combining expertise in new technologies with extensive experience in software and systems and a customer-centric approach, Eli is the ideal leader to spearhead our efforts and foster our agility."
Eli Ngai, Chief Information Officer of HGC, said, "A key challenge in any digital transformation journey is how to realize the value stream in collaboration with all the various stakeholders. This is more about business strategy than information technology, and it is why HGC always puts the customer at the center and keeps the focus on delivering value to them faster and more efficiently. I am delighted to be part of strengthening HGC’s digital capabilities and helping HGC and our customers capture the opportunities ahead."
About HGC Global Communications Limited
HGC Global Communications Limited (HGC) is a leading Hong Kong and international telecom operator and ICT solution provider. The company owns an extensive network and infrastructure in Hong Kong and overseas and provides various kinds of services. HGC has 23 overseas offices, with business over 5 continents. It provides telecom infrastructure service to other operators and serves as a service provider to corporate and households. The company provides full-fledged telecom, data centre services, ICT solutions and broadband services for local, overseas, corporate and mass markets. HGC owns and operates an extensive fibre-optic network, five cross-border telecom routes integrated into tier-one telecom operators in mainland China and connects with hundreds of world-class international telecom operators. HGC is one of Hong Kong’s largest Wi-Fi service providers, running over 29,000 Wi-Fi hotspots in Hong Kong. The company is committed to further investing and enriching its current infrastructure and, in parallel, adding on top the latest technologies and developing its infrastructure services and solutions. HGC is a portfolio company of I Squared Capital, an independent global infrastructure investment manager focusing on energy, utilities and transport in North America, Europe and selected fast-growing economies.
To learn more, please visit HGC’s website at: www.hgc.com.hk
HMD has been pretty busy with new devices for their Nokia portfolio. Hot off their announcement of their first Android-powered tablet, the company is releasing another entry into their affordable smartphone lineup – the Nokia G50 5G. The new smartphone brings 5G connectivity to the sub USD$300 price point.
The new addition to Nokia’s lineup brings a Snapdragon 480 5G processor paired with an Adreno 619 graphics processor. The processors are complemented with up to 6GB of RAM and 128GB of onboard storage. You can add on more memory with a microSD card. On the display side of things, it comes with a 6.82-inch IPS LCD panel with an HD+ resolution of 720×1560 pixels.
On the camera side of things, the Nokia G50 5G comes with a triple sensor setup. The main sensor is a 48-megapixel sensor with a wide field of view and an aperture of f/1.8. It also has Phase Detection Autofocus (PDAF). This is complemented by a 5-megapixel ultrawide sensor and a 2-megapixel depth sensor. On the front is an 8-megapixel wide selfie camera. Both setups are able to shoot video in 1080p at 30 frames per second (fps).
When it comes to connectivity, the Nokia G50 comes with support for 4G LTE and 5G connectivity on both mmWave and Sub6 bands. It also supports WiFi 802.11 a/b/g/b/ac and WiFi 6, Bluetooth 5.0, NFC and FM radio. It also has support for GPS with A-GPS, GALILEO and Beidu. HMD has also included a side-mounted fingerprint sensor in the G50. The G50 is powered by a 5,000mAh battery. HMD continues to guarantee multiday battery life with its optimisations to Android.
The Nokia G50 continues HMD’s approach of bringing affordable smartphones with software support. The new smartphone is promised two years of OS upgrades and three years of monthly security updates. It will come with Android 11 pre-installed.
Pricing & Availability
The Nokia G50 is currently available in the US and other select countries with availability to increase in the coming months.
It’s available in Midnight Sun and Ocean Blue with pricing starting at USD$299 (MYR1,247.46).
SAN FRANCISCO, Oct. 12, 2021 — Intento, the leading AI integration platform, has released its annual State of Machine Translation report, giving those working in and around the MT landscape an in-depth analysis of the current vendors and best strategies to successfully leverage their offerings. The report is conducted in collaboration with TAUS, the central authority in language data, offering the largest industry-shared repository of data, deep know-how in language engineering, and a network of Human Language Project workers around the globe. You can download the report here.
The 2021 edition delivers everything you need to know to choose the best-fit MT engines for your language pair and industry sector. It provides:
The performance of different MT engines across 7 industries (Education, Finance, Healthcare, Hospitality, Legal, Entertainment, and General) and 13 language key pairs.
The latest data on 24 commercial MT engines (Alibaba eCommerce and General, Amazon, Apptek, Baidu, DeepL, Elia, Globalese, Google, GTCom, IBM Watson, Microsoft, ModernMT, Naver, Kawamura / NICT, Pangeanic, PROMT, Rozetta, Systran, Tilde, Tencent, Yandex, Youdao, and XL8)
Along with 5 open-source pre-trained models (M2M-100-1.2B, M2M-100-418M, mBART50-EN2M, mBART50-M2M, and OpusMT)
The principal scores to rely on when studying MT outcomes, such as similarity scores (COMET, BERTScore, PRISM, TER, and hLEPOR)
A thorough comparison of scores: hLEPOR, BERTScore, PRISM, and COMET.
Coverage of language support, which jumped from 16k to 100k language pairs in 2021
Price comparisons
This year’s report is chock-full of novel insights and will consist of two parts. First, ‘Automatic semantic similarity scoring’ demonstrates various changes to the MT landscape over the past year, including information on all new players on the market.
The second part will provide a deep-dive linguistic analysis for 3 language pairs (EN → ES, EN → IT, EN → NL). Essential takeaways from this breakdown include:
The comparison of texts between 5 industry sectors: Education, Financial, Healthcare, Legal, Travel (ES).
Key conclusions on how automatic metrics relate to human estimation of translations.
Recommendations on the best-fit MT engines for analyzed language pairs and industry sectors.
Insights on how to enhance the power of all MT engines available on the market.
Intento is trusted by global companies to help select, deploy, and improve the best-fit machine translation and other AI services, including sentiment analysis, voice synthesis, image tagging, and optical character recognition. The report aims to provide an expert vision of the constantly-changing MT landscape to save internationally-facing businesses both human and financial capital. A deep comprehension of the MT landscape benefits your company no matter your experience in machine translation, as there are significant insights for implementing AI and machine translation across various departments to boost productivity and growth. Download the report here.
"Working with MT is like living on an erupting volcano. We had 16,000 language pairs available from 34 MT providers just a year ago, and today it’s about 100,000 from 46. We don’t have datasets to evaluate them all, but by working with TAUS we get a look into 13 language pairs and 7 domains," says Konstantin Savenkov, Intento CEO. "The level of quality we see from stock models in 2021 is unprecedented. However, real-world business applications demand even more, and simply knowing the best stock model is not enough to succeed with MT. Make sure you have domain adaptation, glossaries, tone of voice control, and other tools on your belt."
Savenkov continues, "This year, together with TAUS, we had a particular focus on using high-quality domain-specific data. It took more time to prepare, but the results should be relevant to a wider audience and applicable to more use cases than before. One key highlight we see from this year is the emergence of new semantic similarity metrics, such as COMET."
"The availability of high-quality, domain-specific language data powering MT models has become ever so significant as AI-enabled automatic translation becomes more and more common. We are pleased to have offered test datasets in 13 language pairs and 7 domains to Intento to be used in their State of the MT 2021 Report. We believe the findings will shed light on many use cases providing guidance on which MT engines are best suitable for users’ given requirements and above all demonstrate the value of high-quality, domain-specific data in increasing the quality of the final output." Jaap van der Meer, TAUS Director
About Intento:
Intento, the leading AI integration platform, helps global companies utilize the best-fit cognitive AI services and automate content creation (text synthesis), content transformation (between text, speech, and image), and content localization (machine translation), enabling enterprises to translate 20x more content on their existing budgets.
This year, Intento was recognized as a 2021 Cool Vendor in Conversational and Natural Language Technologies by Gartner for its success in enhancing the supply chain of the global translation business. The Intento AI Hub gives global corporations direct, easy access to a multitude of MT engines (such as Amazon, Google AutoML, or Microsoft Cognitive Services) and seamlessly connects them with all of their business systems.
Launched in 2017, Intento offers its patented, ISO-27001 and ISO-9001 certified platform to global companies across all industries, augmenting their Localization, Content Management, Customer Support, and Marketing Operations with AI. For more information, visit https://inten.to.
About TAUS:
TAUS was founded in 2005 as a think tank with a mission to automate and innovate translation. Ideas transformed into actions. TAUS has become the one-stop language data shop, established through deep knowledge of the language industry, globally sourced community talent, and in-house NLP expertise. We create and enhance language data for the training of better, human-informed AI services.
Our mission today is to empower global enterprises and their service and technology providers with data solutions that help them to communicate in all languages, faster, better, and more efficiently. For more information, visit https://www.taus.net/.
If you have been looking for a gaming monitor or even a secondary monitor for your gaming or work from home set up, BenQ will be one of those names that should come up quite often. This brand is one of the most recognisable names in the display market. They are known not only for their value offerings though. They also make very high-end displays that is regarded to be some of the best for the competitive gaming scene. Their Zowie series monitors have been a staple in Counter Strike: Global Offensive international stages, for example.
But some might say that the Zowie series has been built to cater to a niche market segment. In that sense, the Zowie is too purpose built for some. To be fair, it is marketed as such as well with its various technologies that gives its users an added advantage. What if competitive gaming is not what you are looking for. What if you are a casual gamer that enjoys the occasional competitive online gaming, but also enjoys the vast openness of single-player games like the Tomb Raider series? What if you are willing to trade some refresh rate performance for some added features that would save you the trouble of getting extra gear?
Welcome to the MOBIUZ series from BenQ. The BenQ MOBIUZ is really pretty much something made of dreams. The latest EX3415R especially, packs everything that a gamer wants in their AAA gaming PC.
If you cannot tell by its codename yet, the MOBIUZ EX3415R is a 34-inch display. It is also an ultra-wide monitor with 21:9 aspect ratio. It boasts 3,440 x 1,440 (WQHD) from its ultrawide panel. Of course, ultrawide also means it must be a little curved for your convenience. It has a pretty shallow 1900R curve, but it is enough for a good immersion for yourself.
At the same time, the IPS panel boasts 98% coverage of the DCI-P3 colour gamut. This is not just a gaming monitor anymore; it is a content creator’s dream set-up. It boasts HDR10 at 1000:1 contrast ratio and VESA DisplayHDR 400 at up to 400nits standards too, which also means that colour grading videos on the MOBIUZ EX3415R should be a piece of cake.
Of course, colour accuracy in a gaming monitor is really more of a bonus feature than its selling point. For a gaming monitor to be a gaming monitor you really want at least 120Hz in refresh rate. This has 144Hz.
You also want it to be a fast-reacting display for not just the best competitive advantage, but for the best immersion as well. The lower the numbers are here, the better. The BenQ Mobiuz EX3415R boasts 1ms MPRT and 2ms Gray-to-Gray response times. That also means that the display reacts almost instantly to any move you make on your joystick or mouse and keyboard. All of that, on top of a tear-free experience that is the AMD FreeSync technology.
For it to be an all-rounder, it now needs a powerful speaker set-up and be a USB hub. This does both of that too. It has two additional USB 3.0 ports so that you can plug in whatever USB devices to it. It also a BenQ treVolo set-up with dual 2W speakers with an additional 5W subwoofer for the widest possible dynamic range and sound staging from a monitor. In that sense, you do not need a headphone or additional speakers for the monitor.
The BenQ MOBIUZ EX3415R 34-inch ultrawide monitor with HDRi will be available for MYR 4,688. You can get your hands on one from their own official online store, Shopee, and Lazada. The eCommerce site quotes a shipping delay of 2-9 days after you order your unit though, so be patient. For this kind of money, you might be able to get yourself a decent TV. The gaming experience that you get from the MOBIUZ EX3415R is unlike any large 4K TVs though.
SHENZHEN, China, Oct. 11, 2021 — NextSmartShip, the leading GLOCAL order fulfillment partner for DTC (Direct-to-Consumers) brands, released its next-gen AI-powered order fulfillment SaaS (Software-as-a-Service) platform "Fulfillship".
The brand-new system features a perfect integration with Shopify and a more flexible, user-friendly and smarter order fulfillment experience. It can auto-sync orders at milliseconds level, keep track of inventory levels across multiple warehouses in real-time, and allow even a starter to easily manage Shopify store orders at zero cost with no minimum order requirement.
"Lacking a powerful and simple order management system has been the Achilles’ heel for most Shopify stores. With a one-stop solution like Fulfillship, online merchants can now enjoy a hustle-free order fulfillment experience with much less investment of cash and time," said William Yu, the CEO and founder of NextSmartShip.
"We wouldn’t say it is a product solely developed by NextSmartship team, because as guided by our genes, we have involved many of our current clients throughout the development process and as a result Fulfillship was greatly improved with their valuable advice and ideas. This co-development process will become our norm and I believe it will bring Fulfillship to a new level very soon."
"LISTEN TO CLIENTS" has been one of the core philosophies at NextSmartShip. With this in mind, it launched a brand-new green packaging solution last month to help e-commerce merchants to shift towards a green journey, and held the very first free-entry virtual global summit on September 10th to share necessary knowledge and critical resources for sellers to survive and thrive in this post-pandemic era.
As Fulfillship set sail today, Shopify brands are now able to save much of their cost in shipping, ERP software, and heavy manpower for handling data calculation and analysis. NextSmartship will continue to harness its core technologies to activate new functions and serve clients’ growing needs towards winning the market.
What’s unique about Fulfillship
Easier
Easy to install, one-click in market places like Shopify;
Easy to learn in less than 5 minutes with FAQs, video tutorials and live-training;
Easy to use, multi-language and intuitive UI.
Smarter
Smart shipping options recommendation;
Auto order-sync at milliseconds level and smart order information review;
Complete and accurate delivery status track of each package;
Fully streamlined process enabling much higher processing efficiency and accuracy.
Ever-Evolving
More platforms and marketplaces to be supported;
Frequent integration of new features;
Continuous optimization.
To view more details of the next-gen order fulfillment SaaS – Fulfillship, or try it out now for free, please visit: http://fulfillship.nextsmartship.com
About NextSmartShip
NextSmartShip is a tech-centered GLOCAL logistic powerhouse that strives to help DTC brands of different sizes to elevate their e-commerce business into the next big thing.
With a short history from 2019, the company has been helping thousands of global DTC brands to gain exceptional growth via its professional, stable, and affordable fulfillment services. It now delivers over a million packages per year to international destinations.
BEIJING, Oct. 11, 2021 — One hundred and ten years ago, Chinese revolutionaries led by Dr. Sun Yat-sen launched the 1911 Revolution, marking a milestone in the long and arduous journey to realize the rejuvenation of the Chinese nation.
 
Speaking at a commemorative meeting on Saturday to mark the 110th anniversary of the Revolution, Chinese President Xi Jinping called for drawing lessons from the past when achieving China’s complete reunification and driving the great cause of national rejuvenation forward.
"For all Chinese people, achieving national rejuvenation is not only a shared honor but also a shared mission," said Xi, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission.
‘China must be, will be reunified’
Xi reiterated commitments to strive for national reunification by peaceful means, saying it is in the best interests of compatriots across the Taiwan Straits as well as the Chinese nation while warning that "Taiwan independence" goes against the trend of history and will lead to a dead end.
"The Taiwan question arose out of the weakness and chaos of our nation, and it will be resolved as national rejuvenation becomes a reality," Xi said in his speech at the Great Hall of the People in Beijing, adding that cross-Strait reunification is the common will of all Chinese people.
Xi recalled that the mainland adheres to the basic policies of peaceful reunification and One Country, Two Systems, upholds the one-China policy and the 1992 Consensus and works for the peaceful development of cross-Strait relations.
Noting that the Chinese nation has an honorable tradition of opposing division and safeguarding unity, he added that "secession aimed at ‘Taiwan independence’ is the greatest obstacle to national reunification and a grave danger to national rejuvenation."
Underlining that the Taiwan question is China’s internal affairs and brooks no external interference, Xi expressed the confidence that "the complete reunification of our country will be and can be realized."
A historical inevitability
Longing for a bright future for the Chinese nation, Sun once wrote: "If I believe something to be feasible, even if it may be as difficult as moving a mountain or draining the sea, I will one day bring it to pass."
Recalling these words, Xi on Saturday said that after years of hard work, China’s national rejuvenation has become a historical inevitability, with stronger institutions, firmer material foundations and a more proactive mindset.
"The past 110 years have shown us that to realize national rejuvenation, the Chinese people must have a strong force to lead us forward, and that force is the Communist Party of China," Xi added.
On the road to national rejuvenation, "socialism with Chinese characteristics has proven to be the only correct path," he noted.
He also urged the Chinese people to rely on their own heroic efforts. "Through courage and skill, we will overcome all major risks and challenges that may impede our path to national rejuvenation and resolutely safeguard our national sovereignty, security, and development interests," he said.
Xi urged the Chinese people and nation to learn the patriotic lessons from the 1911 Revolution, stick together through good times and bad and rely on strong unity to overcome risks and challenges on the road ahead.
Realizing national rejuvenation needs not only a stable and united domestic environment but also a peaceful and stable international environment, Xi said.
"Aggression and hegemony are not in the blood of the Chinese people," he pointed out, adding that China will remain a champion of world peace, a contributor to global development, and a defender of the international order, and we will do our very best to make even greater contributions to humanity.
Unprecedented – that seems to be the word of the decade. In the past five years alone, we’ve seen so many things change; big tech players have faded into the ether, the world has gone through a global pandemic and now, we’re dealing with an increase in data breaches and leaks that could affect all of us. Most recently the world saw Facebook and its services go offline and the massive Twitch.tv breach. While Facebook has said that the issue is simply an error in their network settings, we cannot deny that their credibility has been called into question in recent weeks.
One thing that worries us is the scale and the size of the companies being targeted by attackers now. We can’t deny the size of Facebook; in fact, we interact with one or more of its platforms or products on daily basis. However, when it comes to Twitch.tv, not many are aware that the platform is actually an Amazon property. Yep – you read that right – Amazon.
These companies are large players that we depend on for everything from shopping to keeping in contact with loved ones. As a matter of fact, Amazon powers a significant portion of the internet with its web services AWS.
Noticing this, we were wondering – How can we, as consumers and regular Janes and Joes, prepare and protect ourselves from data breaches?
Attackers & Malicious Actors Are Becoming More Brazen
It comes as no surprise that attackers and malicious actors are becoming more brazen with their attacks and demands. In the case of Twitch’s breach, a slew of hate-related events plaguing the platform spurred it. It was a retaliation against what the individual(s) saw as a lack of action on the platform’s part.
Managing Director at Trend Micro Malaysia, Goh Chee Hoh, notes that “The primary motive for the hacker is not to reveal user information or monetary, but to disrupt and encourage competition in the online video streaming space, where the earnings exposure of the top streamers on the platform becomes part of the collateral damage.”
It would seem like we are more at risk of becoming collateral damage as malicious actors continue to target larger corporations. In Twitch’s breach, vigilante justice saw the earnings of the platform’s top streamers became collateral damage. Mr Goh also highlights this in his statement, “It sounds like the perpetrator carried out the attack as a form of vigilantism, in their own perspective.”
So, how does this affect us? For one thing, we can expect even more daring attacks. Large companies like Google, Facebook and even Microsoft won’t be spared. There’s no denying that we interact with one, if not more, of these companies or their services on a daily basis. Some have more of our data than others. That’s where we’re at the most risk.
Companies Need to Learn from Twitch’s Breach
Before we can talk about how we can protect ourselves from breaches, we have to talk about how companies can better protect us, as their users. We already know that many of them have processes, protocols and software in place for protection but there’s always a chance that these measures aren’t enough. I mean, human error is something we can never plan for completely.
Checks and Balances are Key to Maintaining Cyber security
Candid Wuest, Vice President of Cyber Protection Research at Acronis, highlights this in his comment on the Twitch breach, “Companies should learn that they need to verify and monitor configuration changes. With IT infrastructure becoming more and more complex the risk of errors raises as well.” Mr Wuest’s statement does seem to apply to the recent Facebook outage as well.
However, his colleague, Topher Tebow, an analyst at Acronis, goes a step further and highlights the need for zero-trust environments in today’s climate. He advises that companies should have “proper monitoring in place to detect malicious activity on the network, including data being moved out of the network. Many companies assume that if an authorized user is moving data, that the behaviour is most likely acceptable, but if a user’s credentials were compromised or the account was hijacked in some other way, data flowing to an unusual source could allow a security team to detect and block an attack early on if proper monitoring is in place.”
Complement with Proper Cyber security Solutions
Of course, even with these measures, companies need to have a proper defence firewall. Mr Goh does advise that companies should “adopt a multi-layered defence approach, by having security controls at various entry points of the system, from emails, laptops, to servers and networks.” In the case of the Twitch breach, an added layer that integrates with their native cloud services would have provided an extra layer for malicious actors to deal with which could have prevented the breach.
There really isn’t an excuse in this day and age for companies not to have these measures in place. Cyber security firms like Trend Micro and Acronis have been talking about a multilayered approach for years. It is even more crucial that companies take these measures as they embrace the cloud and work from anywhere. What’s more, digital-native companies should be the front line when it comes to the adoption of these measures.
What Can We do if Our Data is Compromised in a Breach?
The biggest pain point for us as consumers comes after the fact – when data breaches have already occurred. To be honest, we don’t really have control of what happens in the aftermath of a data breach. But, we can ensure that we minimise the potential damage that can occur in the wake of a breach.
Our First line of Defense: Change Them Passwords
In any data breach, the first thing we should do as users is to update our passwords. There are multiple ways to ensure you have a strong enough password to protect yourself. The first is to make sure you have a mix of characters, symbols and numbers. Doing this will make it harder for your password to be cracked.
On top of that, it goes without saying that longer passwords will take longer to crack. However, keep in mind that passwords that are too long have diminishing returns when it comes to remembering them. Another thing to remember is that dictionary words even with symbols replacing alphabets are less secure. While it is easy to remember, we’re in a world where AI has made it possible to understand and decode these even faster than ever.
In addition, keep in mind that the more you use the same password, the less secure it is. In fact, you become more at risk in a data breach. Therefore, use multiple different passwords; preferably a unique one for each service you use. It goes without saying, don’t use your banking passwords for anything else.
Two-Factor Authentication is Your Friend
As we’re moving on in a digital world, more and more of our services are using two-factor authentication. These measures, while cumbersome, will ensure that access to your accounts is more secure. This is implemented in multiple ways across different platforms using email, SMS or an app.
Using two-factor authentication adds an additional layer to access your account. In most cases, it will notify you when your account is being accessed. This will allow you to react immediately. Many of these two-factor authentication steps allow you to immediately lock down your account and change your password.
Be Vigilant
We will need to be vigilant in the wake of a data breach even if we are not directly affected by it. Acronis’ Candid Wuest reminds us that “data stolen in data breaches is often reused in personalized phishing emails”. With this in mind, keep an eye out for fishy emails or even Nigerian princes. Sometimes information from breaches can allow malicious actors to socially engineer phishing attacks that can mimic emails that you will find urgent or pertinent.
If you had banking or payment information linked to a breached account, you may have to monitor your bills more closely. Your other option is to cancel or change the card in question to make sure that you are able to minimise damage.
It’s a Question of When Not If
The biggest lesson all of us, consumers and companies alike, can take away from the recent breach of Twitch is this; it’s no longer a question of if we will be breached but when we will. It’s an inevitable fact as we progress into a more digital world. As more of our information is placed in the cloud and with corporations, they are increasingly made available to malicious actors if not protected effectively.
The fallout from a data breach is not pretty. More so now when countries have legislation that protects the general public from their data being abused. For companies, the fallout can affect their bottom line as customers look for more secure options. In addition, with GDPR and similar legislation, they could be facing fines for not effectively protecting the collected data.
For regular users like you and me, we have the added headache of trying to make sure we minimise our exposure. Everything from changing our passwords to activating two-factor authentication to even calling the bank to cancel cards; are added inconveniences that could affect our choice in services moving forwards.
HAMBURG, Germany, Oct. 9, 2021 — Automotive tool & equipment distributor is deploying integrated automation solution across three distribution centers in the US.
ISN improves productivity by 266% with AMR solution by Körber and Locus Robotics
Körber and long-time strategic partner Locus Robotics, the global leader in warehouse robotics, have joined together to deploy 49 autonomous mobile robots (AMRs) across Atlanta, Fresno, and Indianapolis for Integrated Supply Network (ISN).
The solution was initially implemented in ISN’s Atlanta location in just 90 days. This has already shown exceptional results. Picking quality, accuracy, and speed were significantly improved – from 30 to 110 picks per hour, equating to a productivity increase of 266%. ISN also significantly reduced travel times for workers, freeing up time for them to carry out other critical tasks.
"With the AMRs, we have been able to significantly improve operations. Adoption of the AMRs has reduced physical stress of our workers, improving quality of work and as a result has increased job satisfaction. Additionally, we are reinvesting cost savings achieved with the AMR integration into higher wages for our warehouse associates, further boosting retention," says Theron Neese, Chief Supply Chain Officer at ISN.
ISN’s customer service includes picking and shipping on the same day, so high efficiency is key. The company has grown at an extraordinarily fast rate, leading to the expansion of the size of its distribution centers. Small package shipments increased from 50% pre-pandemic to 80%, adding even further fulfillment complexities. With a high reliance on warehouse labor, the current climate has brought about staffing challenges with high turnover rates amongst the competitive job market. A longtime user of a K.Motion Warehouse Management System (WMS), ISN turned to Körber to overcome these challenges with LocusBots.
"The Locus Solution allows ISN to gain higher productivity levels with the existing workforce, while also significantly improving the overall workplace environment," said Rick Faulk, CEO of Locus Robotics. "Locus also helps reduce the cost of labor recruitment, training, and retention costs, as workers spend less time walking and more time picking. And because the Locus bots handle the travel and transport of the items, workers are less fatigued and more motivated."
Bill Ryan, CEO Software North America, Körber Business Area Supply Chain, adds: "Deploying Locus Robotics’ AMRs allows ISN to improve the efficiency of their operations, overcome labor shortages and quickly scale their operations to meet rapid market growth. The successful deployment at the Atlanta site has shown that Kӧrber’s solution can be seamlessly integrated with existing system environments in a short amount of time, without disruption."
Following a successful phase one, ISN has just launched AMRs at its Fresno site with the deployment in Indianapolis following soon. The automotive tool & equipment distributor is also expanding the AMR usage to the put away process to drive further efficiency improvements.
About ISN
ISN is North America and Europe’s leading independent, wholesale distributor and private brand owner of tools, equipment and supplies in the automotive industry. With almost double the relative market share, the ISN team is positioned for growth. For 35 years, ISN has been driven to exceed expectations with sophisticated logistics, state-of-the-art technology, strategically located warehouses and a unique infrastructure. Excellence in service is routine, but our real passion is innovation to anticipate our customers’ needs in a rapidly evolving world.
About Locus Robotics
Locus Robotics’ revolutionary, multi-bot solution incorporates powerful and intelligent autonomous mobile robots that operate collaboratively with human workers to dramatically improve piece-handling productivity 2X-3X, with less labor than traditional picking systems. This award-winning solution helps retailers, 3PLs, and specialty warehouses efficiently meet and exceed the increasingly complex and demanding requirements of fulfillment environments. Locus robots may be integrated as easily into existing warehouse infrastructures as into new warehouses without disrupting workflows, instantly transforming productivity without transforming the warehouse. www.locusrobotics.com.
About the Körber Business Area Supply Chain
Supply chains are growing more complex by the day. Körber uniquely provides a broad range of proven, end-to-end supply chain solutions fitting any business size, strategy or appetite for growth. Capable of delivering not just software, but automation, voice, robotics, and materials handling – plus the expertise to tie it all together. We are a global partner not just for today, but also as the needs of supply chains continue to evolve. Conquer supply chain complexity – with Körber. The Business Area Supply Chain is part of the global technology group Körber. Find out more on www.koerber-supplychain.com
Cognigy has been recognized as a Leader in the IDC MarketScape: Worldwide General-Purpose Conversational AI Platforms 2021 Vendor Assessment
DÜSSELDORF, Germany and SAN FRANCISCO and SYDNEY, Oct. 9, 2021 — Cognigy, a global leader in omnichannel customer service automation, has been named a Leader in the IDC MarketScape: Worldwide General-Purpose Conversational AI Platforms 2021 Vendor Assessment (Doc #US47354421 , October 2021). Cognigy is recognized for its AI strategies in the report, which covers a selection of vendors that are most conducive to success in providing AI services in both the short-term and the long-term.
Cognigy named Leader in IDC MarketScape Report Worldwide General-Purpose Conversational AI Platforms, 2021
"The conversational AI software platforms that the IDC MarketScape has evaluated have shown that organizations can develop and deploy sophisticated AI-based conversational agents that can truly interact and provide a wide range of self-service that wasn’t possible only a few years ago," says Hayley Sutherland, IDC’s analyst on the assessment alongside David Schubmehl. "Cognigy has created a multilingual, multichannel conversational AI platform with a low-code development environment that enables both business users and developers to create conversational AI applications across the enterprise."
As part of this evaluation, IDC analysts spoke with dozens of organizations using these conversational AI software platforms to develop and deploy applications that are providing great customer and employee service and generating significant return on investment.
The IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of ICT suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. The Capabilities score measures vendor product, go-to-market and business execution in the short-term. The Strategy score measures alignment of vendor strategies with customer requirements in a 3-5-year timeframe. Vendor market share is represented by the size of the circles.
"As a leader in customer service automation, we are honored to be recognized in a Leader category in this 2021 IDC MarketScape assessment as a multilingual, multi-channel Conversational AI platform. We place high value on our client services which has helped us to develop working solutions alongside our clients to provide a quality experience," says Cognigy CEO Philipp Heltewig.
Strengths of Cognigy include:
Strong technology support: Cognigy has developed very strong natural language processing capabilities as well as an extensive low-code developer toolset for creating and deploying conversational AI applications. Its natural language understanding (NLU) capabilities include support for over 100 languages and dialects including variations of English, Spanish and Portuguese.
Broad based channel capabilities: Cognigy supports a wide range of digital channels including text messaging/SMS, rich web chat, email, Facebook Messenger, WhatsApp, Slack, Microsoft Teams, and others.
Voice capabilities: Cognigy Voice Gateway is a turnkey solution to deploy virtual voice agents for automated phone conversations, allowing seamless integration into any existing voice network and can connect to various engagement channels from where users initiate calls: SIP Trunk, PSTN or cellular, Enterprise Unified Communications (UC) and IP-PBXs, Contact Centers or WebRTC. It supports agent assist, intelligent routing, outbound voicebots and other use cases.
Cognigy is a global leader in omnichannel Customer Service Automation. Intelligent voice and chatbots powered by its Conversational AI platform help businesses improve service quality, reduce operational costs, and support teams across the enterprise. Cognigy’s award-winning AI understands user intents precisely and enables natural dialogs in over 100 languages. Easily scalable and pluggable, its low-code platform automates business processes through integrations into backend systems, operates as SaaS and on-premise, and is GDPR compliant. Cognigy’s worldwide client portfolio includes BioNTech, Bosch, Daimler and Lufthansa. Learn more at cognigy.com.
About IDC MarketScape
IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.
PHOENIX, Oct. 9, 2021 — Renren Inc. (NYSE: RENN) ("Renren" or the "Company"), a SaaS company, today announced that it has entered into a Stipulation of Settlement (the "Stipulation") as a nominal defendant with respect to the consolidated shareholder derivative lawsuits currently pending in New York State Supreme Court, Commercial Division (the "Court") under the caption In re Renren, Inc. Derivative Litigation, Index No. 653594/2018 (Sup. Ct. N.Y. Cty.) (the "Action"). The other parties to the Stipulation include Oak Pacific Investment ("OPI") and the other named defendants in the Action (together with OPI, the "Defendants"), as well as Heng Ren Silk Road Investments LLC, Oasis Investments II Master Fund Ltd., and Jodi Arama (together, the "Plaintiffs") who have purported to bring claims derivatively on behalf of Renren.
If the Stipulation and the settlement and resolution of the Action contemplated therein (the "Settlement") is approved by the Court and the Settlement becomes effective, then, among other things, (a) the Action will be dismissed with prejudice, (b) the release of the Released Plaintiffs’ Claims (as defined in the Stipulation) will become effective, and (c) the administrator approved by the Court will distribute the Settlement Fund (as defined below) pursuant to the Settlement.
In connection with the Settlement, the Defendants will create a common settlement fund (the "Settlement Fund"), which amount, before any reductions for Settlement Fund Expenses (as defined below), will be the greater of $300,000,000 or the sum of (a) $38.6866 per ADS (as defined below) multiplied by the number of issued and outstanding ADSs held by Renren Shareholders as of the Record Date (as defined below) and (b) $0.859701 per Class A ordinary share multiplied by the total number of issued and outstanding Class A ordinary shares held by Renren Shareholders as of the Record Date. "Settlement Fund Expenses" include: (i) any taxes payable on any income generated by the Settlement Fund; (ii) notice costs, distribution costs, and administration expenses; (iii) any attorneys’ fees and expenses awarded by the Court to the Plaintiffs’ counsel; (iv) any other fees and expenses awarded by the court; and (v) any administrator fees associated with the Settlement.
Renren Shareholders, defined as holders of Renren’s Class A ordinary shares and American depositary shares ("ADSs"), each currently representing 45 Class A ordinary shares, as of the Record Date but excluding the Defendants and D&O Releasees (as defined below) will be entitled to receive a pro rata share of the Settlement Fund, after deducting the Settlement Fund Expenses. "D&O Releasees" are individuals that served as Renren directors and/or officers in June, 2018 and specifically identified as D&O Releasees in the Stipulation.
The "Record Date" will be set by Renren’s Board of Directors on the earliest practicable date after the approval of the Settlement by the Court has become Final (i.e., the date on which the time for taking an appeal of the Settlement expires or any such appeal has been disposed of) consistent with the terms of Renren’s Deposit Agreement and/or the requirements of any applicable New York Stock Exchange rule(s) or other applicable securities laws and regulations. Once the specific date of the Record Date is determined, Renren will file a Form 6-K to publicly announce that date.
As the Settlement is subject to approval by the Court and the fulfillment of other conditions set forth in the Stipulation, which involve inherent risks and substantial uncertainties, there is no guarantee that the Settlement will be consummated as contemplated under the Stipulation or at all.
The foregoing summary of the Stipulation is qualified in its entirety by reference to the complete text of that document, which will be filed as an exhibit to the Form 6-K that the Company intends to promptly file with the Securities and Exchange Commission thereafter, attaching this press release as an exhibit thereto.
About Renren Inc.
Renren Inc. (NYSE: RENN) operates several US-based SaaS businesses including Chime, a CRM and Marketing Automation platform, and Trucker Path, a trip-planning and business app for long-haul truckers. Renren’s ADSs, each currently representing 45 Class A ordinary shares of the Company, are traded on NYSE under the symbol "RENN".
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" and similar statements. Renren may also make written or oral forward-looking statements in its filings with the U.S. Securities and Exchange Commission (the "SEC"), 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. Statements that are not historical facts, including statements about Renren’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, which could cause actual results to differ from the forward-looking statements. In particular, as the proposed Settlement is contingent upon, among other things, obtaining the necessary court approval, the Company cautions investors that the forward-looking statements included in this press release are not a guarantee of future events, and that actual events may differ materially from those made in or suggested by the forward-looking statements. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Further information regarding these and other risks is included in our annual report on Form 20-F and other documents filed with the SEC. All information provided in this press release is as of the date of this press release, and Renren does not undertake any obligation to update any forward-looking statement, except as required under applicable law.