Tag Archives: DTA

PR Newswire

IoT Partner Program Parents Are Expanding Their Stacks Toward the Edge

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Partners are now helping parents leverage full-scale end-to-end IoT solutions

LONDON, July 8, 2020 — In its recent analysis ranking 637 companies on their IoT service capabilities and partner programs, global tech market advisory firm, ABI Research, finds that parents of partner programs are continuing their long history of partnering with system integrators and professional services providers to enable offering full-scale end-to-end IoT solutions.

“The research shows that over the 70% of the analyzed partnerships provide data-enabled solutions, such as edge intelligence, streaming analytics, advanced analytics, and data science consulting services. IoT data is increasing in value, contributing to operational insights and data-driven decision making. So far in 2020, there is an increasing number of IoT edge suppliers partnering with the partner program parents, such as AWS, Cisco, SAP, IBM, and Microsoft. This indicates a departure from the traditional cloud-centric model and greater accessibility of edge technology in the IoT ecosystem,” explains Kateryna Dubrova, Research Analyst at ABI Research.

Of the 637 companies ranked, several new IoT suppliers have been added, which has expanded the number of firms in the tracker with a very low or low IoT offering maturity grade. There is an emergence of new technologies and solutions, such as edge AI and Streaming Analytics, which are poised to bring significant value to existing infrastructure and accelerate access to operational insights across a broad range of vertical markets and application segments. ABI Research also observed an increasing number of partnerships with IoT companies targeting the self-service, drag-and-drop, and hosted services segment,” Dubrova adds.  

Traditionally, healthcare, manufacturing, and energy are the most targeted verticals within these partner program ecosystems. “But now, there is a notable increase in the number of partners offering solutions targeted to the wearables, hospitality, and smart home markets,” says Dubrova. The 2020 market data shows that 16.1% of companies now have a “B2C” or “B2B2C” component, compared to 2017’s 3.5%.

Ultimately, partnership programs have become a strategic priority for some of the dominant brands serving the IoT market. “Fundamentally, these programs allow enterprises to benefit from end-to-end solutions with greater ecosystem interoperability,” Dubrova concludes.

These findings are from ABI Research’s SI/VAR and Partner Program IoT Ecosystem market data report. This report is part of the company’s M2M, IoT, & IoE research service, which includes research, data, and analyst insights.  Market Data spreadsheets are composed of in-depth data, market share analysis, and highly segmented, service-specific forecasts to provide detailed insight where opportunities lie.

About ABI Research

ABI Research provides strategic guidance to visionaries, delivering actionable intelligence on the transformative technologies that are dramatically reshaping industries, economies, and workforces across the world. ABI Research’s global team of analysts publish groundbreaking studies often years ahead of other technology advisory firms, empowering our clients to stay ahead of their markets and their competitors. 

For more information about ABI Research’s services, contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific or visit www.abiresearch.com.

Global 
Deborah Petrara                                                           
Tel: +1.516.624.2558                                                    
pr@abiresearch.com        

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PR Newswire

Lemnisk Unveils Significant Platform Enhancements

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Lemnisk releases several significant platform enhancements including probabilistic user data stitching, AI-based recommendations for new business verticals and deeper app and multi-channel personalization capabilities

BANGALORE, India, July 8, 2020 — Lemnisk, the world’s first real-time cross-channel marketing automation system built on an intelligent and secure Customer Data Platform (CDP), today announced the general availability of key features and enhancements to its product offering.

Lemnisk’s platform has been further upgraded this year with various enhancements such as probabilistic user data stitching across adtech and martech and social data sources, AI-based product recommendations, support for retail and e-commerce verticals, as well as deeper app personalization capabilities.

All of these features along with the existing capabilities like Ramanujan, an AI engine to orchestrate single user journeys, are now also available on a new and intuitive user interface that’s winning praise from customers for its ease of use.

The company is committed to building products around the key needs of its customers – acquiring new customers, engaging at scale with existing customers, and driving better RoI from the existing marketing stack and initiatives.

“We have emerged as one of the leading CDP players in Asia and the Middle East. Right from tying up with the biggest bank in UAE to forming a solid relationship with a leading South East Asian insurance brand to signing up India’s largest private bank, we’ve had a very successful run in the market so far. This year, we were also recognized by Forrester Research as a Leading Real-Time Interaction Management (RTIM) provider in its ‘Now Tech: RTIM, Q2 2020’ report,” said Subra Krishnan, CEO, Lemnisk.

Earlier this year, Lemnisk also expanded its support for verticals outside Banking, Insurance, and Financial Services. Customers in Retail, E-Commerce, Travel and Hospitality, and other verticals can also sign up for their acclaimed and proven Customer Data Platform.

“Our goal in 2020 is to effectively use our platform in tackling COVID-19 and the post pandemic digital imperative for our clients. With an AI-powered CDP as the bedrock, real-time marketing automation can transcend to a whole new level for marketers. Lemnisk’s tightly integrated and organic customer data platform can be a single tool that can effectively play the role of a first party DMP, Marketing Automation and Multi-Channel Personalization combined. This can bring significant simplification and cost efficiencies for marketers in the current environment,” added Subra.

About Lemnisk

Lemnisk Customer Data Platform delivers superior customer experiences that result in increased conversions, retention, and growth for enterprises. The key capabilities include:

  • Uniquely resolve a user in real-time across different data sources and channels
  • Create 1:1 personalized experiences for each user across multiple marketing channels
  • Orchestrate individual customer journeys on the right channels at the right time using a proprietary in-built AI engine called Ramanujan

Headquartered in Bangalore, Lemnisk has offices in Singapore, Dubai and Boston. Lemnisk is ISO 27001 and ISO 27018 certified.

Contact:
Rahul Thomas Mathew
Vice President – Marketing and Strategic Partnerships
rahul.mathew@lemnisk.co
+91-70191-82094

PR Newswire

OCP Announces today that SpaceDC is the first OCP Ready™ facility in Asia-Pacific

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AUSTIN, Texas, July 7, 2020 — The Open Compute Project Foundation (OCP) announced today that Singapore-based data center provider SpaceDC Pte Ltd has achieved OCP Ready™ certification for their new data center in Jakarta, Indonesia. This is the first data center in Asia to receive this OCP certification and demonstrates the growing awareness of creating highly efficient facilities designed for the new wave of open infrastructure deployments.

SpaceDC‘s Jakarta facility has met guidelines created by the OCP Data Center Facility Project Team, and serves as a reference for data center operators and tenants who want to understand the fundamental facility requirements to deploy OCP hardware into their IT space. Facilities that meet the OCP Ready™ requirements and approved by the OCP Data Center Facilities Project receive the certification as an OCP Ready™ facility.

Along with the facility, SpaceDC Pte Ltd has achieved ColoSolution Provider status, which is a specific designation for members who are part of the OCP reseller ecosystem. OCP ColoSolution Providers must exhibit strong technical, service and support capabilities to enable scalable deployments of OCP infrastructure.

SpaceDC is committed to lowering the environmental impact of their data centers and they have taken great care in all areas of the data center design. From site selection to modular construction, the energy source that they’ll be using to power the facility and the recycling of waste heat, these are all aspects that will help SpaceDC achieve their mission.

https://www.spacedc.com/green-data-centers/

“We’re thrilled to be a part of the OCP community – the same community shared by tech giants such as Google and Facebook. As the first OCP Colo Solution Provider in Asia, this certification certainly affirms SpaceDC‘s mission of being an efficient, reliable and scalable data center platform for businesses looking to expand in the region. By being OCP certified, we’ve distinguished ourselves as a brand whom our customers can depend on for world-class data center solutions,” said Darren Hawkins, CEO of SpaceDC.

“SpaceDC  recognizes the capacity for OCP solutions to continue  growing and evolving across Asia, resulting in a need for more facilities and operators who understand the needs of enterprise companies looking to adopt more open hardware designs. I would like to congratulate SpaceDC for becoming the first OCP ReadyTM facility in Asia, which is an incredible achievement, ” stated Steve Helvie, Vice President of Channel Development for the Open Compute Project Foundation.

“Throughout the process for JAK2 to be certified as OCP Ready™, their team has demonstrated a deep technical knowledge and understanding of what it means to create an optimised data center facility for hosting OCP IT gear. This new colo facility is a fantastic addition to the growing portfolio of OCP Ready™ data centers and will enable SpaceDC’s OCP customers to take full advantage of the TCO benefits of deploying OCP technology” stated Mark Dansie, a key member of the OCP DC Facilities Project Team and leader of the OCP Ready™ program

SpaceDC’s OCP Ready™ facility is now listed on the OCP Marketplace.

About the Open Compute Project Foundation
The Open Compute Project Foundation (OCP) was initiated in 2011 with a mission to apply the benefits of open source and open collaboration to hardware and rapidly increase the pace of innovation in, near and around the data center’s networking equipment, general purpose and GPU servers, storage devices and appliances, and scalable rack designs. OCP’s collaboration model is being applied beyond the data center, helping to advance the telecom industry & EDGE infrastructure. 

About SpaceDC
SpaceDC is creating state-of-the-art data
enters to help businesses grow in Southeast Asia’s fast-moving digital markets. Headquartered in Singapore and backed by the GIC, SpaceDC is applying over 60 years of combined experience to create a network of state-of-the-art data center campuses in Southeast Asia’s key regional cities.

Our campuses are strategically located to tap the cities’ natural resources and maximize accessibility. They feature multiple layers of security, dark fiber connectivity and very low PUEs to ensure your business-critical data is always secure and accessible. We offer a collaborative partnership that enables you to hyperscale on a long-term lease.

Visit www.spacedc.com.

Contact: Dirk Van Slyke, dirkv@opencompute.org

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PR Newswire

Nitin Gadkari Inaugurates VVDN’s Global Innovation Park (Technology Innovation, Engineering and Manufacturing Hub) at Manesar in India; PM Narendra Modi Sent his Best Wishes

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GURUGRAM, India, July 2, 2020 — The Hon’ble Union Minister, Shri Nitin Gadkari today inaugurated VVDN Technologies new Global Innovation Park (GIP)– engineering and manufacturing facility- in Manesar, Haryana, India, via video conferencing.

VVDN Technologies Global Innovation park Inauguration
VVDN Technologies Global Innovation park Inauguration

“It is an achievement for Government of India’s vision for an ‘Atamanirbhar Bharat’ when Indian Tech companies like VVDN take on the challenge of Designing and Manufacturing high-tech electronic products and components in India and set their eyes for global success,” said Hon’ble Minister while inaugurating the VVDN’s Global Innovation Park (GIP) Facility via video conference.

Stating VVDN as a success story, Minister highlighted the need for Import substitution, Cost effective, pollution free, Indigenous product manufacturing in India. He added that VVDN’s Global Innovation Park, where under one roof all facilities of International standard designing, testing laboratories and production basis international standards will be done is futuristic and the way forward.

Spread across 10 Acres, VVDN’s Global Innovation Park (GIP) is marked with R&D and Electronic Manufacturing Facility. It is one-of-its-kind of facilities in India which has the capacity to accommodate 1,00,000 people over the next three years. VVDN Technologies was founded in 2007, with an aim to provide excellent engineering and manufacturing services to its customers. Since then company has been working on next generation technology innovation and have set up R&D centers across India as well as best in class manufacturing facilities in Manesar. With the new GIP facility, VVDN will have a multifold increase in its current capacity for electronic product engineering and manufacturing for a wide range of innovative versatile solutions including 5G Equipment, Trackers, Dashcams, Cameras, Wi-Fi Access Points.

PM Narendra Modi congratulated VVDN Team and sent a letter with his best wishes.

VVDN’s CEO Bhupender Saharan said, “The inauguration of GIP is an important milestone in the company’s ongoing efforts to help India emerge as a hub of engineering innovation excellence and robust manufacturing. This Global Innovation Park, along with 10 other R&D centers, 4 manufacturing facilities across the country, will help us to continuously innovate on the latest technologies especially in the 5G, Wifi, Cloud, Vision IoT space. Having put down our roots so strongly in India, VVDN now is at a place where we would be able to scale up our deliveries for our domestic and global customers.  This aligns with the company’s effort to increase the employment in India and eventually contributing in providing a positive impact on the economy of our country.”

The company’s founding team Bhupender Saharan, Puneet Agarwal, Vivek Bansal and Murali Jayraman expressed gratitude towards Honorable PM, Sri Narender Modi for recognizing VVDN’s efforts and sending his wishes to us. They also thanked Sri Nitin Gadkari for inaugurating the GIP and being present with the VVDN Team during the proud moment.

VVDN Technologies has always been the promoter of Electronics Products ‘Design and Make in India‘. The company also announced that it would hire more than 10,000 employees in the next 12 months as a part of its ongoing commitment to accelerate the pace of technology innovation, design and manufacturing in India initiative for Electronics industry. During the Covid-19 lockdown timeframe, VVDN has successfully hired and on-boarded 500 employees across India.

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PR Newswire

Jianpu Receives Notification from NYSE Regarding Delayed Form 20-F Filing

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BEIJING, July 3, 2020 — Jianpu Technology Inc. (“Jianpu” or the “Company”) (NYSE: JT), a leading independent open platform for discovery and recommendation of financial products in China, today announced that it received a notice from NYSE Regulation indicating that the Company is not in compliance with Section 802.01E of the NYSE Listed Company Manual as a result of its failure to timely file its Annual Report on Form 20-F for the year ended December 31, 2019 (the “2019 Form 20-F”) with the Securities and Exchange Commission (the “SEC”).

The Company was not able to file the 2019 Form 20-F by its due date primarily due to (i) the impact of the outbreak of COVID-19, as set forth in the Form 6-K furnished to the SEC on April 30, 2020, and (ii) the ongoing internal review, as set forth in the Form 12b-25 submitted to the SEC on June 15, 2020. The Company is making all efforts to file the 2019 Form 20-F as soon as possible.

NYSE Regulation notified the Company that the NYSE will closely monitor the status of the Company’s late filing and related public disclosures for up to a six-month period from the due date of the annual report. If the Company fails to file its annual report and any subsequent delayed filings within six months from the filing due date, the NYSE may, in its sole discretion, allow the Company’s securities to trade for up to an additional six months depending on specific circumstances, as outlined in Section 802.01E of the NYSE Listed Company Manual. It is expected by the NYSE that the Company will submit an official request for NYSE’s consideration at the appropriate time. If the NYSE determines that an additional six-month trading period is not appropriate, suspension and delisting procedures will commence pursuant to Section 804.00 of the NYSE Listed Company Manual.

About Jianpu Technology Inc.

Jianpu Technology Inc. is a leading independent open platform for discovery and recommendation of financial products in China. By leveraging its deep data insights and proprietary technology, Jianpu provides users with personalized search results and recommendations that are tailored to each user’s particular financial needs and credit profile. The Company also enables financial service providers with sales and marketing solutions to reach and serve their target customers more effectively through online and mobile channels and enhance their competitiveness by providing them with tailored data, risk management and end-to-end solutions. The Company is committed to maintaining an independent open platform, which allows it to serve the needs of users and financial service providers impartially. For more information, please visit http://ir.jianpu.ai.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and similar statements. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company’s goal and strategies; the Company’s future business development, financial condition and results of operations; the Company’s expectations regarding demand for, and market acceptance of, its solutions and services; the Company’s expectations regarding keeping and strengthening its relationships with users, financial service providers and other parties it collaborate with; general economic and business conditions; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in the Company’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law.

For investor and media inquiries, please contact:

In China:
Jianpu Technology Inc.
Oscar Chen
Tel: +86 (10) 6242-7068
E-mail: IR@rong360.com

The Piacente Group, Inc.
Jenny Cai
Tel: +86 (10) 6508-0677
E-mail: jianpu@tpg-ir.com

In the United States:
The Piacente Group, Inc.
Brandi Piacente
Tel: +1-212-481-2050
E-mail: jianpu@tpg-ir.com

PR Newswire

Frost & Sullivan: Intelligent Pumps with Analytics Capabilities are Expected to be the New Norm

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A large portion of pump OEMs’ growth will be driven by services in the next 5 years

SANTA CLARA, California, July 3, 2020 — Frost & Sullivan’s recent analysis, 2025 Vision: Future of Pumps in a Connected World, finds that an average of 50% to 60% of pump original equipment manufacturers’ (OEMs’) revenue is expected to be generated from services-related activities, such as real-time monitoring and reliability services. This will result in the pump industry transitioning from a product-based to a service-based model in the wake of Industrial Internet of Things (IIoT) in this digitalization era. Global pump revenue is estimated to reach $46.92 billion by 2025 from approximately $38.34 billion in 2019.

Future of Pumps
Future of Pumps

For further information on this analysis, please visit: http://frost.ly/47z

“In the next five years, a large portion of pump OEMs’ growth will be driven by services that leverage analytics to provide insights on improving pump reliability and lifetime,” said Kiravani Emani, Industrial Automation & Process Control Research Analyst at Frost & Sullivan. “Additionally, service-based business models are expected to become more predominant; as a result, pump OEMs are expected to diversify their revenues and deliver standalone services to unlock new revenue streams.”

Emani added: “Intelligent pumps with analytics capabilities are expected to be the new norm as customers require meaningful data insights on pump performance as opposed to a device that will merely display data. Further, the water and wastewater, chemicals, refining, and oil and gas production industries are expected to embrace IoT-based pump solutions as these industries are actively working towards digitalization.”

The advent of IIoT has unlocked innovative and profitable business models for pump vendors. The need to shift from a traditional business model (hardware) to services is presenting tremendous growth prospects for pump OEMs, including:

  • Expanding service capabilities with a focus on building innovative business models to unlock revenue opportunities.
  • Offering high-quality, reliable and precise services for customers by investing in IIoT-based technologies such as cloud computing and edge analytics.
  • Adopting an integrated approach by leveraging the strength of channel partners to enhance the customer experience.
  • Reducing energy consumption and controlling operational costs to boost the demand for energy-efficient pumps.

2025 Vision: Future of Pumps in a Connected World is the latest addition to Frost & Sullivan’s Industrial Automation & Process Control research and analyses available through the Frost & Sullivan Leadership Council, which helps organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future.

About Frost & Sullivan

For over five decades, Frost & Sullivan has become world-renowned for its role in helping investors, corporate leaders and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion.

2025 Vision: Future of Pumps in a Connected World

K47A

Contact:
Jaylon Brinkley
E: jaylon.brinkley@frost.com
T: 210.247.2481

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Xovis Multiplies Your Options in One Fell Swoop

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Two new AI features for in-store analytics made possible by Xovis 3D sensors

ZOLLIKOFEN, Switzerland, July 2, 2020 — When their ordinary "all-in-a-day’s-work" became extraordinary, Xovis ramped up their R&D to solve unforeseen challenges. Today, the company proudly presents two new AI features for their 3D people counting sensors: Face Mask Detection and View Direction. While View Direction had been hinted at in January this year, Face Mask Detection has sprung up out of the current situation with COVID-19. Xovis hopes that this will help their customers stay on top of public health regulations. The company’s innovative and GDPR compliant technology becomes the only kind to detect face masks directly on 3D sensors.

The Xovis Face Mask Detection
The Xovis Face Mask Detection

 

The Xovis View Direction
The Xovis View Direction

As Xovis Head of Retail Anne Wyder explains, "COVID-19 has made face masks compulsory in many public places; we have responded by developing a new AI feature for our sensors to recognize whether or not face masks are in fact being worn. In a bid to help businesses adhere to public health regulations, this new software plugin for Face Mask Detection will be free of charge until the end of the year for our integrator partners working with the Xovis Cloud Account." 

Despite COVID-19, and at the same time because of the global crisis that has ensued, Xovis is actively providing technological solutions for both occupancy and physical distancing management. As Xovis CPO Christian Studer puts it: "We have been busy – we’ve not only finished development of the much-anticipated View Direction plugin for in-store analytics, but in an agile response to changing market demands also stepped up to the plate and created something extra in our firmware for our customers. Both Face Mask Detection and View Direction features provide deeper insight into customer behavior – the analysis of which has become more important than ever before."

As the undisputed innovator of people flow technology based on 3D stereovision sensors, Xovis is committed to bringing the best products and services to customers and partners alike. Because people count.

See how Xovis detects Face Masks

Read how Xovis View Direction works

Click here for more about Xovis Physical Distancing Solutions

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Company Contact
Xovis
Industriestrasse 1
3052 Zollikofen
Switzerland
+41-32-342-04-70
info@xovis.com

Media Contact
Christian Studer, CPO
+41-32-508-35-41
christian.studer@xovis.com

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PR Newswire

Big Data Analytics Among Top Three Deployment Priorities for Enterprises, Says Frost & Sullivan

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Increasing BDA investment in disaster preparedness, operational management, and diagnostic use cases across the globe will unfold exponential growth

SANTA CLARA, Calif., July 2, 2020 — Frost & Sullivan’s recent analysis, Post-pandemic Growth Opportunity Analysis of the Big Data Analytics Market, predicts that the global Big Data Analytics (BDA) market is estimated to witness double-digit growth in the post-pandemic COVID-19 era. Under an aspirational forecast scenario, which assumes that the COVID-19 virus is contained by August 2020 and that global markets will be able to recover by the end of the year, the market is expected to expand at a compound annual growth rate (CAGR) of 28.9%, reaching $68.09 billion by 2025 from $14.85 billion in 2019. Under the conservative forecast scenario, the market is likely to reach $41.84 billion by 2025, at a CAGR of 18.8%. Depending on the development and availability of a vaccine, the conservative forecast includes a market slowdown and recovery period of 18 to 24 months.

Global Big Data Analytics
Global Big Data Analytics

For further information on this analysis, please visit: http://frost.ly/47s

"BDA use will continue to grow because it is currently being utilized to manage, diagnose, and develop a cure for COVID-19," said Deviki Gupta, Information & Communication Technologies Senior Industry Analyst at Frost & Sullivan. "Additionally, considering the benefits of BDA solutions in both the government and intelligence (G&I) and non-governmental organization (NGO) sectors, there will be an increase in demand for analytics as it has promising features, such as mitigating risk in business planning, improving operations, and better serving customer needs."

Gupta added: "Despite the current crisis, BDA continues to be among the top three deployment priorities for enterprises, after data security and replacing legacy systems. Further, major competitive factors will include a vendor’s ability to serve advanced use cases and its ability to play a consultative role for customers, such as helping them better understand their hardware and software needs to achieve these use cases in both BDA market segments—data discovery and visualization (DDV) and advanced analytics (AA)."

The lengthening of sales cycles and decrease in customer spending on BDA solutions as budgets are frozen or diverted to meet urgent operational needs are likely to restrain the growth of the BDA market. However, market participants should consider the following key growth opportunities:

  • Organizations’ aim to reduce latency and take timely action, especially during the pandemic, will encourage vendors to focus more on intuitive searchability powered by a deeper metadata schema and machine learning.
  • Increasing BDA investment in disaster preparedness, operational management, and diagnostic use cases across the globe will create exponential growth prospects for vendors.
  • Big Data, cloud computing, and consumer demand for personalized and context-based services are driving the implementation of AI/ML applications.
  • APAC presents continued high potential for growth with the increasing use of BDA, AI, and robotics in China, Singapore, Taiwan, and Japan to contain COVID-19.

Post-pandemic Growth Opportunity Analysis of the Big Data Analytics Market is the latest addition to Frost & Sullivan’s Information & Communication Technologies research and analyses available through the Frost & Sullivan Leadership Council, which helps organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future.

About Frost & Sullivan

For over five decades, Frost & Sullivan has become world-renowned for its role in helping investors, corporate leaders and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion.

Post-pandemic Growth Opportunity Analysis of the Big Data Analytics Market 

K4DD

Contact:
Francesca Valente
Corporate Communications
E: Francesca.Valente@frost.com

http://ww2.frost.com

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The Critical Need for IoT Cybersecurity Will Drive Device Authentication Services to US$8.4 Billion Revenues by 2026

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The increasing threat landscape is forcing IoT implementors and vendors to embrace and prioritize new hardware-focused digital security options 

LONDON, July 2, 2020 — By 2026, IoT connections will exceed 23 billion across all major IoT markets. Almost all those connections will be faced with incessant and constantly evolving cyber-threats, forcing implementers and IoT vendors to embrace new digital security options to protect managed fleets and connected assets. Secure device authentication currently stands among the top-tier investment priorities for key IoT markets. Global tech market advisory firm, ABI Research, expects that hardware focused IoT authentication services will reach US$8.4 billion in revenues by 2026.

“There are several key technologies revolving around authentication security that currently transform the IoT device value chain. Chief elements among them revolve around IoT identity issuance, provisioning, authentication, encryption key lifecycle management, access management and attestation,” explains Dimitrios Pavlakis, Industry Analyst at ABI Research. These are the prime focus of IoT vendors who capitalize on the emerging threat horizon to better position their services and explore new IoT monetization models.

“As it currently stands, the IoT is not a secure place for future deployments and both IoT players and digital security vendors are aware of that,” comments Pavlakis. “The good news is that the recent change in thinking has caused a noticeable mentality shift and investment surge for secure authentication technologies across the IoT ecosystem; the bad news is that this also gives rise to many IoT management offerings with questionable levels of security and intelligence.”  

IoT authentication services need to consider a plethora of variables, sharing both operational and connectivity as well as security characteristics. “Just because cybersecurity investments need to enter deeper into the IoT deployment equation does not mean that operational variables will be left unaccounted,” explains Pavlakis. “Bandwidth capacity, connectivity requirements, operational specifications and device heterogeneity, digital footprint and processing power, edge-cloud dependencies, telemetry and intelligence are all key factors that need to be addressed to obtain a sustainable growth for the IoT going forward.”

Many IoT security vendors are taking advantage of the recent IoT investment surge to increase their market footprint and deliver security-first authentication and management services for the IoT supported by a multitude of flexible pricing models. Market leaders and innovative companies offering IoT security services operating in different areas of the IoT value chain include Intel, Microsoft Azure, Amazon Web Services, Entrust Datacard, Rambus, Data I/O, and Globalsign.

These findings are from ABI Research’s Device Authentication in IoT technology analysis report. This report is part of the company’s Digital Security research service, which includes research, data, and ABI Insights. Based on extensive primary interviews, Technology Analysis reports present in-depth analysis on key market trends and factors for a specific technology.

About ABI Research
ABI Research provides strategic guidance to visionaries, delivering actionable intelligence on the transformative technologies that are dramatically reshaping industries, economies, and workforces across the world. ABI Research’s global team of analysts publish groundbreaking studies often years ahead of other technology advisory firms, empowering our clients to stay ahead of their markets and their competitors. 

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PR Newswire

YITU Technology received ISO/IEC 27701:2019 certification from BSI, becomes the first Chinese AI company to obtain it

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SHANGHAI, July 1, 2020 — On June 30, 2020, YITU Technology, the world’s leading artificial intelligence (AI) company, received the ISO/IEC 27701:2019 certification from the British Standards Institution (BSI) for its privacy information management system, becoming the first AI company in China to receive it.

YITU’s ISO/IEC 27701:2019 certification
YITU’s ISO/IEC 27701:2019 certification

To date, YITU has obtained a number of authoritative international standards certifications for information security and privacy protection, including ISO/IEC 27701:2019 and ISO/IEC 27001:2013. ISO/IEC 27701:2019 is the world’s strictest, widely accepted international certification for privacy information management systems (PIMS) that meet best practices outlined in regulations such as the General Data Protection Regulation (GPDR). 

YITU Technology is the first Chinese AI firm to receive the ISO/IEC 27701:2019 certification

“With the rapid development of AI, the technology has seen in-depth application across numerous sectors and industry chains. The new normal that has been established in the wake of the COVID-19 epidemic is bringing digitization and industrial transformation to the forefront of businesses. A true commitment to confronting data security risks is key to the promotion of a healthy and responsible attitude toward the future growth and development of AI,” said Martin Zhang, Managing Director, BSI for Greater China. “The receipt of the ISO/IEC27701:2019 certification fully demonstrates YITU’s ongoing commitment to protecting data privacy.“

With the comprehensive and systematic standardization of ISO/IEC 27701: 2019, YITU has upgraded its Privacy Information Management System (PIMS). The company includes a legal compliance unit responsible for protecting user privacy, an information security unit responsible for the management and technical implementation and involves human resource unit to enhance a culture of responsibility.

By sharing relevant insights and cases with industry and academia, YITU contributed in the writing of Chinese national standards such as requirements for the protection of biometric Information, voiceprint recognition data and other information security technologies, and participated in the preparation of national AI Security Standardization White Paper (2019 Edition) and AI Ethics and Risk Management Report (2020 Edition).

YITU’s AI-empowered solutions have been rapidly adopted by hundreds of hospitals and organizations worldwide fighting against Covid-19 on the frontlines. The ability to quickly take up the challenge and responsibility can be ascribed to the company’s commitment to complying with local laws and regulations and having made the protection of user privacy a top priority. By implementing policies and international standards, YITU has taken upon itself a leadership role in building a more standardized and trustworthy AI ecosystem, with the aim of building a safer, smarter and healthier world.

About YITU Technology

YITU Technology is a pioneer in practical artificial intelligence research and innovation that provides advanced AI-based business solutions to build a safer, smarter and healthier world. YITU owns a world-class R&D team that drives industrial development to find comprehensive solutions in the areas of machine vision, speech and language understanding.

To learn more, please visit www.yitutech.com

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