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PR Newswire

Singapore Excels at Biggest Work-From-Home Experiment of Our Time: Lark Study

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  • New study reveals 94% of PMEs want flexible work to stay, but need proper tools for collaboration
  • Highlights importance of collaboration tools in not only ensuring work efficiency and productivity, but also in making work more enjoyable

SINGAPORE, Jan. 28, 2021 — As Singapore moves into Phase 3, employees are beginning to think about life after the pandemic including the possibilities on how they can restructure their time outside of the traditional 9-to-5 work-week model. Nearly a year ago, non-essential employees were forced to work from home on a consistent basis – many for the first time. Now, a recent study conducted by Lark, a next-generation digital collaboration suite, revealed that what started as a short-term measure is what Singapore Professionals, Managers, and Executives (PMEs) are expecting moving forward.

According to the study, Singapore is poised to offer flexible work arrangements for the long term, but there is still a need to ensure that the right collaboration tool is in place to foster a positive work environment. The study highlights the importance of investing in a collaboration tool that not only enables work efficiency and productivity, but also makes work more enjoyable.

"Singapore organizations are faced with a growing interest in flexible work arrangements and must find ways to adopt and integrate these practices into work routines, or they will see a decrease in employee satisfaction," said Joey Lim, Lark Vice President of Commercial – Asia. "It is understandable that one major concern about this type of arrangement is the impact on team collaboration. With a dispersed workforce, and the option to work remotely, more employees are relying on collaboration tools to communicate, connect, and at the end of the day, get the job done."

To help organizations better understand the impact of flexible work arrangements on employees and the organization at large, Lark and Milieu Insight, a consumer data analytics firm, rolled out a study to 1,000 PMEs in Singapore.

The study reveals several key findings in the following areas:

  • The perception of flexible work and existing collaboration tools
  • The usage of collaboration tools
  • The needs for the future

Current perception of flexible work and existing collaboration tools

During the biggest work-from-home experiment of our time, Singapore employees have far exceeded expectations proving the nation is well positioned for flexible work arrangements in the long-term. Furthermore, 94% of PMEs want flexible work to stay, which means organizations need to ensure that flexible work is the default work arrangement and should go the distance to ensure their employees are supported with the right setup.

This sentiment is consistent across all age groups and is relatively stable across industries such as Healthcare, Architecture, Computer & Technology, Education, Financial Services, Transportation, and Science & Research. This is also consistent across job levels, business decision makers, and the work sector.

However, only one in five PMEs are very satisfied with their current remote and online collaboration work setup. Half are somewhat satisfied while the rest are neutral (22%) or dissatisfied (11%). This also highlights a possible mismatch in satisfaction and perceived adoption among different levels of employees with the decision makers (director level and above) skewing higher (40%) vs the total respondents (25%) in saying their team is very well adapted to using collaboration tools. This disconnect between senior and junior level employees’ views further underscores the importance of ensuring senior members take an active role in utilizing collaboration tools to ensure they understand how they’re being used. It’s equally important for senior members to take steps to collect feedback from their teams on how well the tools are being used, and deploy a tool that enables aligned satisfaction and adoption across all levels.

Usage of collaboration tools

Organizations need to focus on ensuring seamless collaboration across all channels of communication. This starts with first understanding which collaboration features employees most rely on, then ensuring that the proper tools are in place to accommodate multi-channel collaboration.

While the extent of tasks used in a collaboration suite vary depending on the employment position, the top three tasks amongst Singapore PMEs are the same: Chat/messaging, video meetings and emails. To make collaboration between these various channels more seamless, it’s important to deploy a collaboration tool that can cover all three major tasks and more, where possible.

With the rise of remote collaboration, the study also finds that Singapore PMEs use these three features for up to half of their day: Video Meetings (94%), File Search (90%) and Messaging (80%), with one in five PMEs noting messaging takes up more than 50% of their work day.

Future needs to ensure a satisfied workforce

7 in 10 PMEs agree that having one tool to support all their needs is essential in making work more enjoyable, highlighting the need for organizations to look at collaboration tools beyond just the purpose of work productivity. Such a factor is important given today’s work environment and the need to ensure a positive work experience even when you don’t always see each other.

In fact, when asked what they felt the key benefits of having the right collaboration tool were, 64% stated they felt it makes their work easier, followed by 60% who stated it makes them more productive. Furthermore, this was followed by 39% who stated having the right tools can make work more enjoyable – a sentiment shared across all age groups but most strongly felt among the millennial generation (25-39 years old).

"2020 was a difficult year for many as we were forced to stay indoors, adjusting to a new way of life and work. The uplifting results of this study proves that Singapore PMEs are resilient and have done extremely well adapting to the new normal," said Lim. "However, this study highlights the importance of investing in a collaboration tool that not only enables work efficiency and productivity, but also makes work more enjoyable."

To download the infographic, click here

About Lark

Lark is the next-generation collaboration suite that enables teams to do their best work together. The suite primarily consists of Lark Mail, Lark Messenger, Lark Docs, Lark Calendar, Lark Meetings, as well as Lark Workplace which integrates third-party applications. All functionalities are deeply integrated into a single app, which is available on Mac, PC, iOS, and Android.

Serving clients from across the globe, Lark is headquartered in Singapore. Visit www.larksuite.com to start using Lark for free.

About Milieu Insight

The online poll was carried out by Milieu Insight, a Singapore-based consumer research firm. The poll included n=1,000 respondents who are currently employed in a PME role or vocation and working at least 35 hours a week and is representative of age and gender. Responses were collected on the week of November 21, 2020, and the margin of error is +/-3% with a 95% confidence level.

PR Newswire

AI-based Platforms Transform the Global Water Sector, Finds Frost & Sullivan

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Technological advancements that require minimal maintenance or human interference become key value proposition differentiators in the water sector

SANTA CLARA, Calif., Jan. 26, 2021 — Frost & Sullivan’s recent analysis, Digitalization Powering the Global Water Market, 2020, finds that smart sensors with advanced artificial intelligence (AI)- and machine learning (ML)-based data analytics platforms are on the rise in the global water sector as they require minimal maintenance or human interference. The COVID-19 pandemic has further highlighted the sector’s technological need following supply chain disruptions and a labor shortage during lockdowns, which adversely impacted the growth of the water market globally. Due to the pandemic, the global water market  declined to $805.31 billion in 2020 from $947.89 billion in 2019. The market was projected to reach $1,014.54 billion in 2020, registering an impressive growth of 7%.

Frost & Sullivan
Frost & Sullivan

For further information on this analysis, please visit: http://frost.ly/573

"The water market could witness more high-level consolidation of data analytics platforms in the water sector. Cellular communication technologies, such as narrowband Internet of Things (NB IoT) and long-term evolution for machines (LTE-M), could become key enablers of growth penetration and digital transformation," said Paul Hudson, Energy & Environment Research Analyst at Frost & Sullivan. "Going forward, the product-as-a-service business model would become the most subscribed among customers for its equal risk allocation and ability to provide high value to customers."

Hudson added: "Smart decentralized water and wastewater treatment solutions are disrupting the market significantly. Low OPEX and holistic economic sustainability have become key drivers that enable the growth of decentralized treatment systems. Value-add services and solutions such as decision and predictive intelligence, along with a smart product line and effectively leveraging e-commerce platforms, could improve customer relationships and increase loyalty. These features have gained precedence due to the pandemic."

Despite the pandemic’s adverse impact on the global water sector, market participants can focus on the following growth prospects:

  • Hydration treatment systems market:
    • Filter-as-a-service: For price-sensitive customers, smart hydration treatment systems and solutions providers could offer the filter-as-a-service business model.
    • Flavor pack: To enhance customer relationships and brand loyalty, hydration treatment systems providers could add flavor and mineral packs as a value-add to their product line.
  • Municipal and industrial water and wastewater treatment systems market:
    • Smart operation: Market participants must embrace smart operation and AI-based virtual assistance platforms that can significantly reduce the OPEX cost of a treatment plant.
  • Irrigation systems and solutions market:
    • Investment/mergers and acquisitions (M&A): Smart irrigation solution providers should invest in research and development (R&D) or M&A to provide holistic smart irrigation solutions.
  • Bottled water hydration market:
    • Leading brands are introducing recycled PET bottles to reduce plastic waste generation. Startups are experimenting with degradable plastics and paper-based bottles. Products with sustainable packaging will be in high demand.

Digitalization Powering the Global Water Market, 2020 is the latest addition to Frost & Sullivan’s Energy & Environment 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 six decades, Frost & Sullivan has been 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

Digitalization Powering the Global Water Market, 2020

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PR Newswire

A new ranking by MIT Technology Review Insights highlights the countries making the fastest progress to a low-carbon future

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CAMBRIDGE, Mass., Jan. 26, 2021 — The Green Future Index, a new study by MIT Technology Review Insights in association with Citrix, Morgan Stanley, and Salesforce ranks 76 countries and territories on the progress and commitment they are making toward a green future by reducing carbon emissions, developing clean energy, and innovating in green sectors, as well as the degree to which governments are implementing effective climate policies.

(PRNewsFoto/MIT Technology Review Insights)
(PRNewsFoto/MIT Technology Review Insights)

The interactive index shows which countries are progressing fastest in global efforts to decarbonize and limit global heating in line with the goals of the Paris Agreement.

The key findings are as follows:

  • Europe will be a future green leader. Europe dominates the top of the index, with 15 European nations in the top 20. Many countries across the region have already made progress with curbing emissions, transitioning energy production to renewable sources, and investing in green mobility. Since covid, the EU has committed more than €200 billion in bold green economy investments, accelerating decarbonization even in the most fossil-fuel dependent states.
  • Iceland, Denmark, and Norway top the index. Iceland, in first place, aims to be carbon neutral by 2040. The country has become a world leader in clean energy and carbon capture technology. Denmark (2nd) is the largest producer of hydrocarbons in Europe to stop issuing new oil and gas exploration licenses. Norway (3rd) is also striving to decouple its economy from fossil fuels.
  • Costa Rica and New Zealand secure top 10 positions. Costa Rica, ranked 7th, and New Zealand, ranked 8th, have made major strides with renewables and have world-leading agendas for decarbonization across industry and agriculture. Canada (14th), Singapore (16th), and Uruguay (20th), the other non-Europeans in the top 20, have strategies for decarbonization, transitioning energy sources, and government-led initiatives to promote green living, such as Singapore’s Zero Waste Masterplan, which aims to reduce landfill waste by 30% between now and 2030.
  • There is uneven progress across the world’s largest economies. The United States (40th) has reduced emissions over recent years and is responsible for nearly one-fifth of the world’s green patents. Yet it is emerging from four years of climate denial and remains heavily dependent on fossil fuels and unsustainable farming practices. China (45th) is responsible for more than one-quarter of global emissions but has pledged to become carbon neutral by 2060 and is the world’s fastest growing producer of renewable energy. France (5th), Germany (11th), and Canada (14th) are the highest ranked countries in the G20.
  • The countries at the bottom of the index risk losing competitiveness in the green economy. The laggards include South Africa (47th), Vietnam (49th), and Indonesia (57th), where economic pressures run counter to sustainable development. Japan (60th) has a goal to be carbon neutral by 2050, although government targets for renewable energy remain modest. The 16 "abstainer" countries at the bottom include petrostates such as Saudi Arabia, Iran, Qatar, and Russia. The latter’s Energy Strategy 2035 for expanding oil and gas production identified the trend toward carbon neutrality as an existential threat.

"With hundreds of billions of dollars being injected into economies worldwide, covid-19 has created huge momentum for developing green industries and financing infrastructure that will be clean, technologically advanced, and climate resilient," says Nico Crepaldi, head of custom content, MIT Technology Review. "In the future, we’re likely to see ‘green’ being synonymous with economic competitiveness."

To view the research findings, visit the interactive page or click here to download the report.

For more information, please contact us at insights@technologyreview.com 
About MIT Technology Review

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PR Newswire

Gridsum Holding Inc. to Hold Extraordinary General Meeting of Shareholders

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BEIJING, Jan. 22, 2021 — Gridsum Holding Inc. ("Gridsum" or the "Company") (NASDAQ:GSUM), a leading provider of cloud-based big-data analytics and artificial intelligence ("AI") solutions in China, today announced it has called an extraordinary general meeting of shareholders (the "EGM"), to be held on February 22, 2021 at 10:00 a.m. (Beijing time), at Gridsum, South Wing, High Technology Building, No. 229 North 4th Ring Road, Haidian District, Beijing 100083, People’s Republic of China, to consider and vote upon, among other things, the proposal to authorize and approve the previously announced agreement and plan of merger, dated September 30, 2020 (the "Merger Agreement"), among the Company, Gridsum Corporation, an exempted company with limited liability incorporated under the laws of the Cayman Islands ("Parent"), and Gridsum Growth Inc., an exempted company with limited liability incorporated under the laws of the Cayman Islands and a wholly-owned subsidiary of Parent ("Merger Sub"), the plan of merger (the "Plan of Merger") required to be filed with the Registrar of Companies of the Cayman Islands in connection with the Merger (as defined below), and the transactions contemplated by the Merger Agreement and the Plan of Merger, including the Merger.

Pursuant to the Merger Agreement and the Plan of Merger, at the effective time of the Merger, Merger Sub will merge with and into the Company, with the Company continuing as the surviving company and becoming a wholly-owned subsidiary of Parent (the "Merger"). If the Merger is completed, the Company will become a privately-held company, and, as a result of the Merger, the Company’s American depositary shares ("ADSs"), each representing one class B ordinary share of the Company, par value US$ 0.001 per share (the "Class B Ordinary Shares"), will no longer be listed on the NASDAQ Global Select Market and the Company’s American depositary shares program will terminate. In addition, the ADSs and the Class B Ordinary Shares represented by the ADSs will cease to be registered under Section 12 of the Securities Exchange Act of 1934 following the completion of the Merger.

The Company’s board of directors (the "Board"), acting upon the unanimous recommendation of a special committee of Board, composed solely of directors who are unaffiliated with any person participating as a buyer or rollover securityholder in the Merger or any member of the management of the Company, authorized and approved the execution, delivery and performance of the Merger Agreement, the Plan of Merger, and the consummation of the transactions contemplated thereby, including the Merger, and resolved to recommend that the Company’s Shareholders vote FOR, among other things, the proposal to authorize and approve the Merger Agreement, the Plan of Merger and the consummation of the transactions contemplated thereby, including the Merger.

Shareholders of record at the close of business in the Cayman Islands on February 8, 2021 are entitled to attend and vote at the EGM or any adjournment thereof. ADS holders as of the close of business in New York City on January 27, 2021 will be entitled to instruct Citibank, N.A., the ADS depositary, to vote the Class B Ordinary Shares represented by the ADSs at the EGM.

Additional information regarding the EGM and the Merger Agreement can be found in the transaction statement on Schedule 13E-3 and the definitive proxy statement attached as Exhibit (a)-(1) thereto, as amended, filed with the U.S. Securities and Exchange Commission (the "SEC"), which can be obtained, along with other filings containing information about the Company, the proposed Merger and related matters, without charge, from the SEC’s website (www.sec.gov), or at the SEC’s Public Reference Room at 100 F Street NE, Washington, D.C. 20549. In addition, copies of these documents can also be obtained, without charge, by contacting Eric Yuan, at +86-10-5900-1548 or by email at Eyuan@christensenir.com, or by contacting Mr. Tip Fleming, at +1 917 412 3333 or by email at tfleming@christensenir.com.

SHAREHOLDERS AND ADS HOLDERS ARE URGED TO READ CAREFULLY AND IN THEIR ENTIRETY THESE MATERIALS AND OTHER MATERIALS FILED WITH OR FURNISHED TO THE SEC WHEN THEY BECOME AVAILABLE, AS THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE COMPANY, THE PROPOSED MERGER AND RELATED MATTERS.

The Company and certain of its directors and officers may, under SEC rules, be deemed to be "participants" in the solicitation of proxies from the Company’s shareholders with respect to the proposed Merger. Further information regarding persons who may be deemed participants, including any direct or indirect interests they may have, is set forth in the definitive proxy statement relating to the Merger.

This announcement is for information purposes only and does not constitute an offer to purchase or the solicitation of an offer to sell any securities or a solicitation of any proxy, vote or approval with respect to the proposed transaction or otherwise, nor shall it be a substitute for any proxy statement or other filings that have been or will be made with the SEC.

About Gridsum

Gridsum Holding Inc. (NASDAQ: GSUM) is a leading provider of cloud-based big-data analytics and AI solutions for multinational and domestic enterprises and government agencies in China. Gridsum’s core technology, the Gridsum Big Data Platform and the Gridsum Prophet: Enterprise AI Engine, is built on a distributed computing framework and performs real-time multi-dimensional correlation analysis of both structured and unstructured data. This enables Gridsum’s customers to identify complex relationships within their data and gain new insights that help them make better business decisions. The Company is named "Gridsum" to symbolize the combination of distributed computing (Grid) and analytics (sum). As a digital intelligence pioneer, the Company’s mission is to help enterprises and government organizations in China use data in new and powerful ways to make better-informed decisions and be more productive.

For more information, please visit http://www.gridsum.com/.

Safe Harbor Statement

This announcement contains forward-looking statements. These forward-looking statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements can be identified by terminology such as "may," "will," "expects," "anticipates," "aims," "future," "intends," "plans," "believes," "estimates," "likely to" and similar statements. Forward-looking statements involve inherent risks and uncertainties. Many factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the substantial doubt about the Company’s ability to continue as a going concern, duration and impact of the COVID-19 pandemically, uncertainties as to how the Company’s shareholders will vote at the extraordinary general meeting in connection with the Merger, the possibility that competing offers will be made, the possibility that financing for the Merger may not be available, the possibility that various closing conditions for the Merger may not be satisfied or waived, and other risks and uncertainties discussed in documents filed with the U.S. Securities and Exchange Commission by the Company. Further information regarding these and other risks is included in the Company’s filings with the SEC. All information provided in this press release is as of the date of this press release, and Gridsum undertakes no duty to update such information except as required under applicable law.

Investor Relations

Gridsum
ir@gridsum.com

Christensen

In China
Mr. Eric Yuan
Phone: +86-10-5900-1548
Email: Eyuan@christensenir.com

In U.S. 
Mr. Tip Fleming 
Phone: +1 917 412 3333 
Email: tfleming@christensenir.com

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PR Newswire

Big Data Exchange (BDx) to Launch Shared Business Continuity Plan Workspaces Across Its Data Centers

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BDx’s Business Continuity Plan (BCP) Workspaces to Offer Flexible Leasing Programs and an Exciting Coworking Environment to Complement Disaster Recovery Planning

HONG KONG, Jan. 22, 2021 — Big Data Exchange (BDx), a pan-Asian carrier-neutral data center cluster, will introduce Business Continuity Plan (BCP) Workspaces, a shared office space program that will enable its customers with a unique and secure way to work, collaborate and access their IT infrastructure colocated inside BDx facilities. With the first phase to launch this spring, BDx’s new BCP Workspaces provide customers with flexible leasing options, modern workspaces, and amenities across BDx’s state-of-the-art data centers. The all-new shared BCP Workspace environments will benefit enterprises who are looking for short or long-term options while providing rapid access to their infrastructure during emergency situations or as part of their disaster recovery efforts.

"The ability to quickly access IT infrastructure is a large part of our customers’ business continuity and disaster recovery plans, and we want to provide a way for them to quickly and securely do that when it matters most," says KC Tse, Director of Operations for BDx. "BDx’s shared workspace is a cost-efficient solution that reduces the amount of time and budget spent traveling between customer offices and our facilities. It also decreases the cost of utilities, and it helps our customers invest in their employees by giving them access to brand new office space in close proximity to their IT infrastructure with several first-rate amenities."

BDx’s BCP Workspaces will create shared seating at all BDx data center locations across Hong Kong, Singapore and mainland China, including NKG1 in Nanjing, which is set to launch early this year. Companies can customize their leasing plan to occupy the amount of space and terms that work best for their needs. In addition to BCP Workspaces, tenants will be able to access fully furnished meeting rooms, a cutting-edge video conference area, an on-site café, stocked pantries, bottomless coffee, high-speed internet and more. Private suites will also be available for companies with long-term needs. 

Maintaining a secure data center and shared workspace environment remains a top priority for BDx. Authorized access to the BCP Workspaces will require a secure personal QR code, among other rigid security measures.

"Our remote hands service will continue to be available, but our BCP Workspaces plan will be a solution for customers that require a physical presence," says Tse. "The shared workspace will help us build relationships with our customers by providing a positive environment inside a dynamic data center space. It will also foster camaraderie within the IT industry by bringing together professionals with a common interest from different industries."

Contact BDx to learn more about its customizable BCP Workspaces leasing options. To learn more about BDx’s data centers, colocation services, managed services and more, visit www.bdxworld.com.

About BDx
Big Data Exchange (BDx) is a Pan Asian data center cluster with sites throughout Hong Kong, mainland China and Singapore. Its unique hybrid cloud, connectivity and colocation solutions offer unparalleled security and reliability for the IT infrastructure of its global clientele. As a carrier-neutral provider, BDx creates a secure hybrid ecosystem with its BDx SoftConnect, BDx Armour, and BDx Single Pane offerings, providing connectivity solutions across Asia. By using BDx automated modules, BDx is able to provide customers with a level of customization that rivals competitors in efficiency and cost, offering them the ability to manage physical racks with the same ease as working in public clouds. To learn more, visit www.bdxworld.com or follow us on Twitter and LinkedIn.

Media Contact:
Jaymie Scotto & Associates (JSA)                                                                                             
pr@jsa.net

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PR Newswire

LTI USD Revenues grow 5.8% QoQ and 8.5% YoY; Net Profit up by 37.9% YoY

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Earnings Release and Fact Sheet Third Quarter, Fiscal 2021

MUMBAI, India, Jan. 20, 2021 — Larsen & Toubro Infotech (BSE code: 540005) (NSE: LTI), a global technology consulting and digital solutions company, announced its Q3 FY21 results today.

In US Dollars:

  • Revenue at USD 427.8 million; increase of 5.8% QoQ and 8.5% YoY
  • Constant Currency Revenue increase of 5.3% QoQ and 7.4% YoY

In Indian Rupees:

  • Revenue at INR 31,528 million; increase of 5.1% QoQ and growth of 12.2% YoY
  • Net Income at INR 5,193 million; increase of 13.7% QoQ and growth of 37.9% YoY

"We are pleased to deliver a strong quarter with 5.8% QoQ growth in USD revenues. This has been driven by healthy growth momentum across our portfolio. We continue to see strong demand for cloud-based IT solutions. Our tier 1 level partnership with the hyperscalers enables us to work closely on client outcomes and go-to-market opportunities.

"We are happy to announce two large deals with cumulative net new TCV of USD 278 million. We remain focused on building and scaling differentiated capabilities. A healthy deal pipeline and sustained client mining make us optimistic about the future."

– Sanjay Jalona, Chief Executive Officer and Managing Director, LTI

Recent Deal Wins

  • A UAE-based leader in digital transformation has selected LTI as its partner of choice to provide infrastructure and application operations support and maintenance for its existing and new customers. As part of the deal, LTI will also partner with end customers on their journey to cloud and transform operations to bring in best-shoring and automation.
  • A Global Fortune 500 energy company has chosen LTI as its primary partner for an application managed services agreement to create and consolidate a business-aligned IT services delivery platform across the organization and reduce total cost of ownership.
  • A company located in the U.S providing leading data-driven marketing, loyalty and payment solutions has selected LTI for customer-centric digital transformation initiatives to enhance customer experience, brand reputation, customer acquisition and retention and reduction in costs by virtue of streamlined operations.
  • An engineering, construction and mining company located in South East Asia has partnered with LTI to transform its procurement, sales, bidding, contracting and analytics functions using SAP to enable operational excellence, ensure data-driven insights and informed decision making across the organization.
  • LTI executed a license sale agreement for AI, Decisions and Catalog products on its Mosaic platform with a multinational banking and financial services company to bring about efficiency in their reporting with the regulators. Mosaic will serve as a unified data analytics platform enabling consolidation of all credit risk models and will be hosted in a hybrid cloud setup. As a part of the deal, LTI will be a one-stop shop providing the product as well as handling, deploying, integrating and testing services.
  • A leading European financial services firm has chosen LTI to manage its infrastructure operations through a leaner operating model and by leveraging the Mosaic platform to drive automation.
  • A leading commercial property and casualty insurance group based in Canada has selected LTI to consolidate and transform its policy administration systems and processes onto the Duck Creek platform to ensure streamlining of its operations.
  • A U.S. based real estate investment company has chosen LTI for providing application support, maintenance and development services along with key implementation initiatives to drive cost optimization and digital transformation.

Awards and Recognitions

  • LTI Recognized as a Leader in the ISG Provider Lens™ Digital Business – Solutions and Service Partners Report, US 2020
  • LTI Recognized as Leader and Star Performer in Everest Group’s Application and Digital Services in Capital Markets PEAK Matrix® Assessment 2021
  • LTI positioned in "Leaders" Quadrant within NelsonHall’s Software Testing: Quality Engineering NEAT 2020
  • LTI Recognized as a Leader in the ISG Provider Lens™ Public Cloud — Solutions and Services Report, Nordics 2020
  • LTI recognized as a Leader in Everest Group Insurance Business Model Innovation Enablement Services PEAK Matrix® Assessment 2021

Other Business Highlights

  • LTI won in the Outstanding Value Category at the Honda Indirect Procurement Supplier 2020 Awards, US. The outstanding value category acknowledges suppliers providing the most value to Honda by recognizing the total cost of ownership
  • LTI is now an "Elite" level partner of Snowflake, the data cloud company. LTI has also become the maiden partner for Snowcase – a program that Snowflake is launching to develop and market industry-specific solutions to accelerate cloud data transformation journey of enterprises
  • LTI is now a "Premier" level partner of Google Cloud
  • LTI is now a "Platinum" tier partner of IBM
  • LTI has partnered with Temenos to launch a Digital Banking Platform in the Nordic region
  • LTI was ranked among the top 50 companies (Rating "A") in the BW BusinessWorld India rankings for Most Sustainable Companies 2020

About LTI

LTI (NSE: LTI) is a global technology consulting and digital solutions company helping more than 400 clients succeed in a converging world. With operations in 31 countries, we go the extra mile for our clients and accelerate their digital transformation with LTI’s Mosaic platform enabling their mobile, social, analytics, IoT and cloud journeys. Founded in 1997 as a subsidiary of Larsen & Toubro Limited, our unique heritage gives us unrivalled real-world expertise to solve the most complex challenges of enterprises across all industries. Each day, our team of more than 30,000 LTItes enable our clients to improve the effectiveness of their business and technology operations and deliver value to their customers, employees and shareholders. Find more at http://www.lntinfotech.com or follow us at @LTI_Global.

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PR Newswire

GlobalData 5G RAN Innovation and Leadership Insight

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–GlobalData ranks Huawei’s 5G RAN as the market leader

LONDON, Jan. 15, 2021 — Innovation is the basis for the long-term development and evolution of the mobile communications industry. In the 5G era, mobile communications networks carry more missions and meet diversified requirements for network capabilities, operation efficiency improvement, and business success. 5G continuous innovation becomes particularly important.

According to the GlobalData’s recent competitiveness evaluation report on mainstream vendors, Huawei 5G RAN ranks No.1 in all dimensions, demonstrating the competitive advantages of products and solutions. In addition, Huawei announced latest 5G network development concept and launched innovative products and solutions.

Huawei 5G RAN Leadership

GlobalData, a leading market data and analytics company, has rated Huawei’s 5G RAN portfolio to be a Leader in the market. In competitive analyses of five major RAN vendors, GlobalData evaluated 5G base station portfolios according to four key areas important to mobile operators: baseband unit (BBU) capacity, radio unit portfolio breadth, ease of installation and technological evolution. GlobalData found Huawei to be a Leader in all four categories and a Leader overall among its peers(the mainstream vendors).

Source: GlobalData 5G RAN: Competitive Landscape Assessment
Source: GlobalData 5G RAN: Competitive Landscape Assessment

Huawei reports the highest BBU cell capacity – for both sub-6 GHz and millimeter-wave spectrum – of any major RAN vendor. It also offers more radio units and more Massive MIMO options than other vendors and supports a wide array of 5G spectrum bands. To make deployment easier, Huawei has multiple novel solutions, including its Super BladeSite and Bracelet Kit offerings. And to help operators evolve their networks technologically, Huawei has been proactive in commercializing spectrum-sharing capabilities such as its CloudAIR solution, which allows various access technologies (2G/3G/4G/5G) to use the same spectrum, and its SuperBAND solution, which allows these technologies to share network resource blocks. 

This portfolio is well-suited to meet the diverse needs of the world’s mobile operators, and Huawei continues to expand its portfolio to address current and future challenges that operators face on the journey to achieving the 1 + N network. 

The 1 + N Network: An Intelligent, Versatile Network

The 5G era holds enormous potential for mobile operators to grow profitability by expanding into new services and tapping new revenue sources. But the network and business transformation required to capture these opportunities introduces new levels of complexity in network deployment and management and service delivery. There are ways for operators to tackle this complexity with networks that are as diverse and sophisticated as the new world of services the market demands.

To help operators capture new opportunities despite the challenges of network complexity, Huawei employs what it calls a "1 + N" concept, vowing to "build one foundational network for high-bandwidth ubiquitous connectivity – ‘N’ capabilities deployed on demand." 1 + N is the concept of a single, unified network addressing an expandable variety of network needs and services. This concept – maximizing the revenue generated by a single infrastructure investment – is key to how 5G can help operators become more profitable.

New innovations added to Huawei’s 5G RAN portfolio help operators achieve the 1 + N network, including the Blade Pro solution, the Adaptive High Resolution algorithm, the Mobile Broadband Automation Engine and more.

Operators’ Network Challenges

As operators evolve for the 5G era, they will increase the capacity of their public networks using a range of new spectrum bands. However, making use of these spectrum bands while continuing to support legacy networks poses many challenges, including:

  • Fragmented spectrum assets can breed inefficiency
  • Diversified channels and sectors can increase network management complexity
  • Differences in frequency-band life cycles can impact operators’ ability to use certain radio access technologies in certain spectra
  • Limited Antenna Space brings deployment challenges 

Huawei has developed new offerings within its RAN portfolio to tackle all of these challenges and more.

The Blade Pro Solution

To help simplify networks and address these challenges, Huawei has long committed to a Single RAN strategy of using a single network to deliver multiple technologies. Its newest RAN offerings, part of Huawei’s 1 + N vision, continue to help in these areas.

Huawei’s Blade Pro offering is designed to help simplify deployment and ease installation and network management, reducing operators’ costs. The Blade Pro Ultra-Wideband Remote Radio Unit (RRU) is a pole-mountable 4G/5G RU that supports three low or medium Frequency-Division Duplex (FDD) bands simultaneously: it will support 700, 800 and 900 MHz as well as 1.8, 2.1 and 2.6 GHz, allowing operators to build a single foundational network for ubiquitous connectivity using mid-band spectrum.

By supporting three frequency bands in a single 25-kilogram unit, the Blade Pro eliminates the need for two boxes, reducing the load on poles, easing the burden on installers and making deployment faster, smoother and less expensive.

The Blade Pro also helps operators address the three challenges cited above. Tri-band support helps reduce the complexity of fragmented spectrum by pulling multiple bands into a single network management point. A software-defined antenna allows operators to change the number of receivers or sectors via software rather than hardware, overcoming the challenges of channel and sector diversity in operator networks. In addition, where operators need to make changes based on which technologies – LTE or 5G NR – are delivered over which spectrum bands, a software-defined antenna helps to make those changes easier as well.

The BladeAAU Pro Solution

In addition to the Blade Pro, Huawei has also introduced the BladeAAU Pro solution, a Massive MIMO product with 32T32R and 64T64R antenna array options that supports sub-3 GHz bands. Huawei designed the BladeAAU Pro to ensure high-quality experiences for 5G users while simplifying deployment for operators, minimizing deployment costs and addressing the challenges of antenna space limitations.

5G Software Innovation: Adaptive High Resolution (AHR) Algorithm

Huawei further enhances the network capabilities with another offering: the Adaptive High Resolution (AHR) algorithm, which significantly improves the capacity and user experience of Massive MIMO cells in scenarios with high user density and a strong potential for signal interference.

However, the above new solutions are not the only way Huawei’s portfolio is evolving to fulfill the vision of 1 + N networks.

1 + N O&M

One of the most significant challenges operators will face in adopting 1 + N networks is in performing the Operations and Maintenance (O&M) that can address complex, multi-functional networks while limiting the burdens of that complexity on operators’ human personnel. In order to achieve both ends, 1 + N networks must embrace new levels of automation.

To achieve this task, Huawei envisions what it calls the Autonomous Driving Network, drawing an analogy between self-driving automobiles and the intelligent networks of the future.

Huawei’s vision for Autonomous Driving Network includes five levels of automation:

  1. Tool assistance
  2. Partial autonomy
  3. Conditional autonomy
  4. High autonomy
  5. Full autonomy

Today Huawei’s solutions represent a level of autonomy approaching the third level, "conditional autonomy;" they are projected to gradually evolve over time to include all five levels by 2030. But Huawei’s Autonomous Driving Network is already addressing multiple O&M challenges in the 1 + N network.

O&M Challenges

Some specific hurdles for O&M operations in 1 + N networks include:

  • Managing multiple radio access technologies (2G, 3G, 4G, 5G) simultaneously
  • Effectively delivering new services tailored for business customers
  • Balancing user experience quality with network energy consumption
  • Optimizing network conditions such as latency, bandwidth, uplink and downlink

To address these challenges, Huawei’s Mobile Broadband Automation Engine (MAE) solution helps operators manage networks comprehensively and intelligently using artificial intelligence (AI).

Multi-RAT, Multi-Band

Most networks transition over time from one radio access technology (RAT) to the next, forcing operators to manage more than one network at the same time, such as 4G and 5G. This duality increases the complexity of the network and the costs associated with network maintenance. These multi-RAT networks are even more complex because they include multiple frequency bands within those RATs. In addition, government regulators in some countries limit the transmission power of base stations to the extent that operators are forced to allocate power to various frequency bands in ways that are inefficient and can limit coverage.

Huawei’s MAE helps make multi-band, multi-RAT networks more efficient by coordinating RATs under a unified management scope and automating optimization of the combined network. For example, MAE analyzes network traffic behavior using measurement reports from user equipment and automatically shifts traffic from one band to another based on the optimal performance and energy efficiency parameters. The solution also coordinates power allocation among multiple frequency bands, allowing operators to avoid inefficiency and coverage limitations due to regulatory power restrictions.

Even more complex than multi-RAT, multi-band networks are the diverse set of requirements stemming from advanced business services.

5G to Businesses

For operators to capture opportunities in offering new services to business clients beyond connectivity, their networks will need to support a variety of capabilities on a case-by-case basis. For example, automated and remotely-operated vehicles that are enabled by wireless networks require low latency to avoid error and collision. Video surveillance use cases, on the other hand, require high-bandwidth uplink connections. Meanwhile, equipment sensors on industrial or agriculture sites might not need high bandwidth or low latency but require high reliability and enough energy efficiency to preserve battery life.

Huawei’s "5GtoB" suite helps operators address the diversity of business needs in multiple ways – at the planning, deploying and management stages.

First, Huawei’s intelligent planning tools help operators anticipate not only network construction requirements but radio resource slicing considerations, using artificial intelligence analysis of network traffic models, user device types and other large data sets. The solution takes service-level agreements into the planning process in order to ensure networks will have the slicing capabilities to support service performance needs. It also translates network construction requirements, removing barriers in the process.

The 5GtoB suite also speeds and simplifies business service provisioning on demand by automatically establishing network characteristics such as cells, features and network resources, allowing operators to launch campus network services in hours rather than days. These automatic processes also allow operators to make changes quickly if needed, with less need for manual intervention. They also make O&M more proactive, using AI to not only monitor but predict performance changes from both the network and device side, forecasting network problems as much as 15 days in advance and presenting visualizations of network performance at the network, slice and enterprise-customer levels.

Finally, the 5GtoB suite optimizes the network in order to deliver a range of different service characteristics to each slice of the network – ensuring that low latency, high-bandwidth uplink and high-reliability connections are all supported according to their respective needs while coordinated by the 1 + N network to make the most efficient use of network resources. The intelligent network uses AI capabilities to maximize energy efficiency without sacrificing the required quality of experience for each service.

Conclusion

Huawei recognizes that networks and their operations will need to evolve in order to capture the wealth of diverse opportunities that lie ahead. They will need to evolve in terms of planning, provisioning, installation, management and optimization. The complexity of these combined tasks will require networks to adopt new levels of intelligence and automation. This transformation won’t happen overnight but will evolve in stages. And the early stages in that evolution are already happening today within Huawei’s RAN portfolio.

 

PR Newswire

Poq Partners with AppsFlyer to Power More Effective Data-Driven App Commerce Decision Making

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Marketing analytics and attribution specialist integrates with leading app commerce software platform to help retailers unlock the power of mobile campaign data

LONDON, Jan. 14, 2021 — Native SaaS retail mobile app platform, Poq, today announces the beta launch of its standard integration with mobile analytics and attribution provider, AppsFlyer.

The integration is the result of a partnership between the two companies that will enable Poq mobile app clients to rapidly scale their app commerce marketing efforts and drive more effective customer acquisition and retention campaigns for their apps.

Developing, delivering and measuring app marketing campaigns can be challenging for retailers, where visibility of downloads and in-app interactivity attribution is limited. In addition, the ability to ‘deep link’ customers straight back into the app from any channel can be resource-intensive to maintain.

By integrating the AppsFlyer software development kit (SDK) onto the Poq platform, joint clients will gain greater insights into how their mobile apps are performing and driving growth, in comparison to other channels such as mobile web. Beyond measurement and attribution, the AppsFlyer platform is able to offer clients a number of other valuable features, such as ad fraud protection, audience management and uninstall attribution measurement.

Poq’s partnership with AppsFlyer comes at a vital time for retailers, where app shopping growth is forecast to outstrip web-based channels as a result of an accelerated shift to digital in the wake of the COVID-19 pandemic. It also comes as Poq released a number of complimentary ad-tech solutions last year that have allowed its clients to effectively run customer acquisition and retention campaigns on Apple Search Ads, Google App Campaigns and Facebook.

This standard platform integration will enable all Poq customers to use the AppsFlyer deep-linking solution (OneLink) and its Smart Banner Feature, as well as kickstart attribution campaigns. As retail mobile app marketing strategies develop in sophistication, Poq customers will also have the ability to add paid-for additional features to their pricing plan at any time.

Sheenu Aggarwal, App Marketing Specialist, Poq said: "AppsFlyer is a great partner and, like Poq, has proven success with a number of retailers globally. So, this partnership presents our clients with a massive opportunity to really grow their app commerce business and accurately attribute that success to their apps. The partnership we’re launching is vital for integrating what are becoming increasingly lucrative apps into the overall digital mix and optimising the customer journey for our retailers."

Russell Burden, Director of Partner Development, AppsFlyer added: With the retail industry changing rapidly, it’s never been more important for marketers to have the tools and data needed to make accurate, better-informed strategic decisions around their mobile marketing campaigns. Through this partnership, we’re able to offer just that, giving retailers the opportunity to quickly and easily get up and running with mobile marketing campaigns, attribution measurement and other insights."

All Poq customers will have access to the benefits and solution of this partnership from early 2021, following the beta launch. Please contact Poq to find out more.

About Poq

Poq is a Software-as-a-Service app platform that empowers retailers to create highly-effective and fully-customized mobile apps that provide a superior shopping experience. These apps allow retailers to build stronger brands, sell more products, deepen customer loyalty and deliver highly relevant content, communications and rewards. Poq clients include global brands and retailers such as; Belk, Holland & Barrett, Feelunique, Missguided, Hotel Chocolat, Kurt Geiger, M&Co and more.

To learn more, visit poqcommerce.com.

About AppsFlyer

AppsFlyer, the global attribution and marketing analytics leader, empowers marketers to grow their business and innovate with a suite of comprehensive measurement solutions. Built around privacy by design, AppsFlyer takes a customer-centric approach to help 12,000+ brands and its marketplace of 8,000+ technology partners make better business decisions every day, while delighting their end-users.

To learn more, visit appsflyer.com.

Press contacts

Poq: Charlotte Simons-Dukes, e: charlotte.simons-dukes@poqcommerce.com, +44(0)20 3794 4120

AppsFlyer: Francesca D’Arcy-Orga, email: francesca.d@appsflyer.com, +44(0)20 3318 8649

 

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Poq: Native Mobile App Platform
PR Newswire

LexisNexis Risk Solutions Honored with Chartis Research RiskTech100 Award for Financial Crime – Data for Third Straight Year

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ATLANTA, Jan. 13, 2021 — LexisNexis® Risk Solutions today announced that it has been recognized as the category winner for Financial Crime – Data in the Chartis Research RiskTech100®, an annual evaluation of the leading global risk technology providers. This is the third year in a row that Chartis recognized the company for the category award. LexisNexis Risk Solutions also ranked 17th in the RiskTech100®, the most comprehensive independent study of the world’s major players in risk and compliance technology.

 

"The category win by LexisNexis Risk Solutions for the third year running reflects the company’s depth in financial crime – and Anti-Money Laundering (AML) and Know Your Customer (KYC) in particular," said Phil Mackenzie, Senior Research Specialist at Chartis-Research. "The company continues to be strong in financial crime data, which can help firms make better risk decisions."

LexisNexis Risk Solutions combines advanced analytics and global identity intelligence with innovative financial crime technologies to deliver precise perspectives on ever-changing risks. This multi-layered approach enables businesses to efficiently recognize relevant risk and complete critical compliance processes. 

"As the threat environment and regulatory requirements constantly evolve, businesses need financial crime compliance data that is robust and highly-relevant," said Daniel Wager, vice president, global financial crime compliance strategy for LexisNexis Risk Solutions. "Our ability to win this prestigious award for the third year in a row demonstrates our commitment to continuously update our comprehensive global risk intelligence to reflect the current global risk realities."  

About LexisNexis Risk Solutions 
LexisNexis® Risk Solutions harnesses the power of data and advanced analytics to provide insights that help businesses and governmental entities reduce risk and improve decisions to benefit people around the globe. We provide data and technology solutions for a wide range of industries including insurance, financial services, healthcare and government. Headquartered in metro Atlanta, Georgia, we have offices throughout the world and are part of RELX (LSE: REL/NYSE: RELX), a global provider of information-based analytics and decision tools for professional and business customers. For more information, please visit www.risk.lexisnexis.com and www.relx.com.

About Chartis Research
Chartis Research is the leading provider of research and analysis on the global market for risk technology. It is part of Infopro Digital, which owns market-leading brands such as Risk and WatersTechnology. Chartis’ goal is to support enterprises as they drive business performance through improved risk management, corporate governance and compliance, and to help clients make informed technology and business decisions by providing in-depth analysis and actionable advice on virtually all aspects of risk technology.

Media Contact:
Marcy Theobald
678.694.6681
Marcy.Theobald@lexisnexisrisk.com 

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PR Newswire

SSG’s Strategic Move into Tokyo Cements Their Status as APAC’s B2B Demand Gen Leader

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CEO & President Michael Whife "honored and humbled" by the privilege to bring innovative marketing solutions to the region

TOKYO and DENVER, Jan. 12, 2021 — Selling Simplified Group, Inc. (SSG), announced today the opening of its Tokyo, Japan office, marking the company’s 11th location in Asia Pacific and further establishing the company as the APAC region’s B2B demand gen leader.

Upon announcing SSG's opening in Tokyo, CEO & President Michael Whife said he was “honored and humbled” by the privilege to bring innovative marketing solutions to the Japan region.
Upon announcing SSG’s opening in Tokyo, CEO & President Michael Whife said he was “honored and humbled” by the privilege to bring innovative marketing solutions to the Japan region.

Michael Whife, SSG’s CEO and President, said of the opening, "We’re truly honored and humbled to have a place on Japan’s B2B stage, and we look forward to serving Japan’s B2B leaders with the most innovative demand generation technology on the market."

In SSG’s continued efforts to transform the APAC B2B demand generation landscape, the strategic move into Tokyo allows the company to support one of the region’s most critical markets.

Whife said, "Our approach in APAC, which we’ve honed over the last four years, is perfectly designed for a place like Japan, where a robust local business presence is absolutely imperative."

Emphasizing SSG’s philosophy on servicing business regions from within, Whife continued: "We’ve been advocates of a localized business model since we first moved into Asia in 2016. Our focus, in Japan especially, is on providing truly dedicated customer service to our clients, and that hinges on building a fully-staffed regional office, from sales and operations roles to creative and data analyst roles filled by local Japanese talent.

"We understand the privilege it is to be welcomed by the Japanese market, and aim to honor that privilege by providing first-rate in-language support backed by innovative marketing solutions and enriched local data."

SSG has been successfully running in-language B2B campaigns in Japan for two years, supported by their extensive 1st-party Japanese data. "Our data, which has been translated and structured specifically for the region, is without a doubt the best suited to Japanese B2B lead gen efforts," said Whife.

The announcement comes as enthusiasm from the local market builds at the prospect of a truly viable local demand vendor.

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http://www.sellingsimplified.com