Tag Archives: IoT

PR Newswire

Akamai and Deloitte Announce Strategic Alliance to Deliver Zero Trust Segmentation and Managed Incident Response

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The alliance will deliver a unified product and services approach to mitigate ransomware attacks in an enterprise-ready solution

SINGAPORE, Nov. 10, 2023 /PRNewswire/ — Akamai Technologies (NASDAQ: AKAM), the cloud company that powers and protects life online, and Deloitte, a leader in global security services, today announced a strategic alliance to provide Zero Trust microsegmentation and incident response services to Deloitte customers worldwide. This alliance will combine Deloitte’s expertise in cybersecurity, network forensics, and security with the Akamai Guardicore Segmentation solution. This combination has already provided organizations in Latin America and other regions with immediate protection from ransomware attacks that otherwise may have been disastrous.

Ransomware attacks continue to grow and wreak havoc on organizations of all sizes. According to a recent report from Akamai, the number of ransomware victims increased 143% from Q1 2022 to Q1 2023 due to the exploitation of zero-day and one-day vulnerabilities. This underscores the importance of ensuring organizations have the right people and technology in place to defend against these growing threats.

“Few incident response or network security offerings have provided as much value to our clients as Akamai Guardicore Segmentation. Deloitte has been recommending and implementing this solution with clients that require east-west network traffic security controls, and are dealing with active breaches and preventing lateral movement,” said Marcelo Diaz, Cyber Risk Partner at Deloitte. “We also received tremendous positive feedback from clients in our recent collaboration at Cyber Icon Chile. The trust among our teams and mutual benefits of our alliance further enhances the client experience and accelerates time to value.”

“Enterprise clients continue to demand simpler ways to mitigate ransomware, get visibility into their network, and remain compliant,” said Mani Sundaram, Executive Vice President and General Manager of the Security Technology Group at Akamai. “Deloitte’s deep technical expertise and white-glove service offerings are the perfect match for Akamai Guardicore Segmentation. This alliance gives clients a route to fulfill their Zero Trust requirements with less time, overhead, and complexity.”

Leading client use cases for the solution include east-west traffic control implementation, gaining network visibility, isolating environments, cloud migration, incident response, and more. Deloitte’s teams around the world are fully certified to deploy and manage this technology to help enterprises ensure a Zero Trust posture, and have been a trusted ally in helping clients recover from challenging network breaches.

Deloitte customers can utilize Akamai Guardicore Segmentation in their managed environments today. Learn more in our case study.

About Akamai

Akamai powers and protects life online. Leading companies worldwide choose Akamai to build, deliver, and secure their digital experiences — helping billions of people live, work, and play every day. Akamai Connected Cloud, a massively distributed edge and cloud platform, puts apps and experiences closer to users and keeps threats farther away. Learn more about Akamai’s cloud computing, security, and content delivery solutions at akamai.com and akamai.com/blog, or follow Akamai Technologies on X, formerly known as Twitter, and LinkedIn.

Media Contact
Akamai PR
AkamaiPR@akamai.com

Source: Akamai Technologies, Inc.

PR Newswire

ROLLER raises US$50 million in growth capital from Insight Partners to help leisure and attractions venues deliver exceptional guest experiences

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MELBOURNE, Australia, Nov. 10, 2023 /PRNewswire/ — ROLLER, an all-in-one, cloud-based venue management software solution built for attraction businesses, today announced their latest funding round of US$50 million led by global software investor, Insight Partners. This latest funding round will provide additional resources and capacity to invest into ROLLER’S platform and services, ultimately helping the company’s customers to grow through delivering exceptional guest experiences.

ROLLER is a complete software platform for modern attractions and leisure venues. From humble origins, ROLLER is now a truly global business with over 1,500 leisure and attractions venues using its platform across 30 countries. Their innovative products include; Ticketing, Point-of-Sale, Integrated Payments, CRM, Memberships, Gift Cards, Waivers, Self-Serve Kiosks, Cashless Wallets, the Guest Experience Score®, and more. The business has also achieved more than 5X times revenue growth over the last 3 years and has done so in a capital efficient manner.

Luke Finn, ROLLER’s Co-founder and CEO said, “We are thrilled to partner with the team at Insight Partners and welcome Rachel Geller to ROLLER’s Board. This is an incredible moment for the business, our phenomenal team and our amazing customers around the world. Whilst we have come so far, over more than a decade since starting the business, this is only the beginning. We are more excited than ever to accelerate our investment in helping our customers to grow and deliver amazing experiences for their guests.”

Rachel Geller, Managing Director at Insight Partners added, “ROLLER has built an impressive business that is positioned to become a global category leader. The company’s genuine obsession and dedication with delivering real value to its customers is a hallmark of all truly great businesses. We are excited to be partnering with Luke, Mark and the ROLLER team as they grow and scale up.”

Mark Finn, ROLLER’s Co-founder and CFO said, “From day 1, we have been focused on delivering solutions that have a real impact on our customers’ businesses, and with the additional support of Insight Partners, we will be able to accelerate innovation and expand our global footprint. Their extensive experience in helping to scale world-class businesses will be invaluable as we embark on this next phase of our journey.”

Noting the involvement of earlier investors and advisors on the transaction, Luke and Mark wished to “thank Acadian Software who continue to be key partners for us, as well as RBC Capital Markets and SBA Law.” The close of the round is subject to approval by Australia’s Foreign Investment Review Board.

About ROLLER

ROLLER’s vision is to help create experiences that bring joy and happiness to the world. They aim to achieve this by building technology for leisure and attraction venues that helps them deliver amazing experiences for their guests. ROLLER is a complete software platform for the modern attraction or leisure venue. Their innovative products include: Ticketing, Point-of-Sale, Integrated Payments, CRM, Memberships, Gift Cards, Waivers, Self-Serve Kiosks, Cashless Wallets, the Guest Experience Score®, and more. To learn more, visit roller.software.

About Insight Partners

Insight Partners is a global software investor partnering with high-growth technology, software, and Internet startup and ScaleUp companies that are driving transformative change in their industries. As of June 30, 2023, the firm has over $80B in regulatory assets under management. Insight Partners has invested in more than 800 companies worldwide and has seen over 55 portfolio companies achieve an IPO. Headquartered in New York City, Insight has offices in London, Tel Aviv, and Palo Alto. Insight’s mission is to find, fund, and work successfully with visionary executives, providing them with tailored, hands-on software expertise along their growth journey, from their first investment to IPO. For more information on Insight and all its investments, visit insightpartners.com or follow us on Twitter @insightpartners.

PR Newswire

ViewSonic to Showcase its Metaverse for Education and Foldable 135″ All-in-One LED Display at EDUtech Asia 2023

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SINGAPORE, Nov. 6, 2023 /PRNewswire/ — ViewSonic Corp., a leading global provider of visual solutions, has announced its participation in the EDUtech Asia 2023 event in Singapore. Attendees will have the opportunity to experience the latest innovations in digital learning firsthand at ViewSonic’s booth, G11, from November 8th to 9th.

ViewSonic Showcases a 3D Virtual Learning Solution at EDUtech Asia 2023
ViewSonic Showcases a 3D Virtual Learning Solution at EDUtech Asia 2023

Throughout the event, ViewSonic will showcase the latest version of UNIVERSE, a metaverse built for education. The platform provides a secure digital learning space that elevates student engagement, encourages collaboration, and fosters a sense of belonging, bringing the benefits of in-person learning to an online environment. The latest UNIVERSE update integrates Canvas and Blackboard Learning Management Systems (LMS), streamlining administrative tasks for educational institutions and simplifying the learning process.

“ViewSonic remains committed to driving the ‘Ecosystem as a Service (EaaS)’ strategy, aiming to build a comprehensive digital education ecosystem” emphasized Kevin Chu, Director of the VSX Business Unit at ViewSonic. “One of our goals at EDUtech Asia 2023 is to spotlight the benefits of integrating an immersive environment into online learning. We want attendees to see just how engaging a 3D virtual campus can be when incorporated into digital learning.”

Another booth highlight is the LDS135-152 Foldable 135″ All-in-One LED Display. Pre-assembled with LED modules, a system control box, and a motorized floor stand, this impressive large display can be set up and ready for use in just 10 minutes upon unboxing. The innovative foldable screen design greatly reduces its form factor compared to conventional models, allowing it to fit into large passenger elevators for convenient relocation between different floors and spaces, as well as saving on transportation costs. Ideal for multi-venue facilities and the short-term rental market, it caters to various events such as tradeshows and exhibitions.

In addition, there will be demonstrations of the ViewBoard IFP33 series 75″ Interactive Display. With its 4K Ultra HD resolution, advanced touchscreen capabilities, integration with myViewBoard® Whiteboard software, and vCast screen casting software, the IFP7533 enables seamless content creation and sharing, enhancing engagement in both physical and digital classrooms.

ViewSonic at EDUtech Asia 2023 
When: November 8th-9th, 9:30 a.m.– 6:00 p.m.
Where: Booth no. G11, Sands Expo, 10 Bayfront Avenue, Singapore

About ViewSonic

Founded in California, ViewSonic is a leading global provider of visual solutions and conducts business in over 100 countries worldwide. As an innovator and visionary, ViewSonic is committed to providing comprehensive hardware and software solutions that include monitors, projectors, pen displays, commercial displays, All-in-One LED displays, ViewBoard interactive displays, and myViewBoard software ecosystem. With over 35 years of expertise in visual displays, ViewSonic has established a strong position for delivering innovative and reliable solutions for education, enterprise, consumer, and professional markets and helping customers “See the Difference.” To find out more about ViewSonic, please visit www.viewsonic.com

PR Newswire

Montage Technology Leads in Trial Production of 3rd-Gen DDR5 RCDs

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SHANGHAI, Oct. 27, 2023 /PRNewswire/ — Montage Technology, a leading data processing and interconnect IC company, today announced it has taken the lead in trial production of the 3rd-generation DDR5 Registering Clock Driver (RCD03) designed for use in DDR5 RDIMMs.

Montage Technology's 3rd-Gen DDR5 Registering Clock Driver (RCD03)
Montage Technology’s 3rd-Gen DDR5 Registering Clock Driver (RCD03)

With its blazingly fast 6400 MT/s data rate, the RCD03 sets a new bar for DDR5 memory performance in upcoming server platforms. It unlocks dramatic capacity, bandwidth, and latency improvements to meet the growing demands of data center, cloud, and AI applications.

The RCD03 marks a major advancement in Montage’s continued role as an innovator driving rapid DDR5 developments. This chip achieves a 14.3% speed increase over the 2nd-gen DDR5 RCD and a 33.3% increase over the 1st–-gen, making it one of the fastest DDR5 memory interface solutions available today.

Leveraging enhancements like a dual-channel architecture and lower power supplies (1.1V VDD and 1.0V VDDIO), the RCD03 significantly improves the latency while reducing the power consumption as compared to DDR4 RCDs. Another key benefit is its support for up to 256 GB DRAM per module, quadrupling the capacity of modules in DDR4 generation.

“We are proud to spearhead the production of DDR5 RCD03 and deliver cutting-edge RCD technology to the market. Montage will continue to work closely with major CPU and DRAM manufacturers to propel DDR5 technology towards widespread application,” said Stephen Tai, President at Montage Technology.

“Intel has been at the forefront of driving DDR5 memory technology and enabling a strong ecosystem, in support of reliable and scalable industry standards. We are pleased to see Montage make further progress with the latest-generation memory interface chips, which can be used with Intel’s future Performance-core and Efficient-core Xeon® CPUs, to push the boundaries of performance to new heights,” said Dr. Dimitrios Ziakas, VP of Memory & IO Technologies at Intel.

“Samsung has been committed to enabling advanced memory products to meet the rapidly growing demands for data-intensive applications. Our collaborative engineering work with Montage has contributed to ongoing DDR5 roadmap advancement. As Montage scales production on this 3rd-gen DDR5 solution, we hope to see expanded ecosystem availability,” said Yongcheol Bae, Executive Vice President of Memory Product Planning Team at Samsung Electronics.

In addition to its RCD portfolio, Montage provides a comprehensive lineup of DDR5 infrastructure solutions including SPD EEPROM with Hubs, Temperature Sensors, and Power Management ICs, which are essential in complete DDR5 module designs optimized for performance, reliability and power efficiency.

Availability

Montage’s 1st, 2nd and 3rd-gen DDR5 Registering Clock Drivers are available for sale. The part numbers are M88DR5RCD01, M88DR5RCD02 and M88DR5RCD03 respectively. For more details, please contact Montage’s sales team at globalsales@montage-tech.com or dial +86 21 54679038.

To learn more about Montage’s memory interface products, please click https://www.montage-tech.com/Memory_Interface.

PR Newswire

2023 Global Industrial Internet Conference Kicks Off in Shenyang

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SHENYANG, China, Oct. 25, 2023 /PRNewswire/ — On October 18th, the 2023 Global Industrial Internet Conference opened in Shenyang under the theme “Empowering New Industrialization, Generating New Productivity”.

A total of 55 enterprises and 12 key industrial parks related to industrial internet attended the event, and they showcased the latest industrial internet technologies through methods such as scaled models, real objects, humanoid robots and video live streams, according to the Publicity Department of the CPC Shenyang Municipal Committee.

Business recruitment and investment promotion were the main focus of this year’s Conference, and a manufacturing sector digitized transformation project matchmaking session was specially hosted. Contracts amounting to approximately 58 billion yuan for 140 projects in the 14 cities of Liaoning Province and the Shenfu Reform and Innovation Demonstration Zone were inked during the Conference, among which 17 are projects involving one billion yuan or more in investment.

The signed projects encompass industrial internet, metaverse, smart chips, big data, artificial intelligence and other industries and fields. The successful signing of these contracts is expected to substantially bolster the digitized transformation and upgrade of Liaoning’s manufacturing sector.

According to the Department of Industry and Information Technology of Liaoning Province, this year’s Global Industrial Internet Conference served as an exchange of wisdom and insights in the Chinese industrial internet sphere, and a platform to present the latest feats in the realm. This edition of the Conference attracted participation of more than a hundred Chinese and foreign industrial internet companies and manufacturing enterprises, fully exhibiting the cutting-edge technologies and innovation achievements related to industrial internet, while also facilitating the investment and execution of related projects.

This year’s Conference was hosted by the Ministry of Industry and Information Technology, the China Association for Science and Technology and The People’s Government of Liaoning Province, and organized by the Shenyang Municipal People’s Government, the China Academy of Industrial Internet, the Liaoning Communications Administration, the Department of Industry and Information Technology of Liaoning Province and the Liaoning Association for Science and Technology.

PR Newswire

Veritas Names Microsoft as First Veritas 360 Defense Partner to Achieve REDLab Validation for Security Solutions

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Solutions reduce time to safe recovery by rapidly discovering last known good data

SINGAPORE, Oct. 24, 2023 /PRNewswire/ — Veritas Technologies, the leader in secure multi-cloud data management, today announced that Microsoft has become the first Veritas 360 Defense partner to achieve Veritas REDLab Validation for its security solutions. After testing Microsoft Defender with real-world malware in its REDLab isolated test laboratory, Veritas has certified the solution for secure integration into the Veritas Alta cloud data management platform and NetBackup family of products. Together, Veritas and Microsoft can rapidly identify the last known good copy of data following a ransomware attack to ensure a clean recovery to get organizations fully operational fast.

Veritas 360 Defense unveiled by Veritas today, offers organizations a blueprint on how to safeguard their data estate against the continually growing spectre of ransomware. Veritas 360 Defense brings together solutions from the Veritas portfolio, including Veritas Alta, the industry’s most complete secure multi-cloud data management platform, and those from leading security and cloud infrastructure vendors, such as Microsoft, to deliver a turnkey solution for secure cloud-native cyber resiliency. Customers will soon be able to access a library of reference designs, validated by the Veritas REDLab, to guide them on best practices for secure implementation of jointly deployed solutions.

Lawrence Wong, senior vice president of product management and chief strategy officer at Veritas, said: “When customers buy from Veritas and Microsoft, our solutions are not just sold together, they really work together. That is the value of our REDLab validation. Partners, like Microsoft, are able to add layers of security to our cyber resiliency solutions that ensure Veritas customers get a better experience from a comprehensive approach to protecting their businesses.”

Integration between Veritas Alta Data Protection and Microsoft Defender enables customers to scan backup data on inert, immutable, optimized storage to identify the last known good data copy. In doing so, the solution protects organizations from restoring any backup data corrupted by malware, preventing reinfection, and allowing them to bounce back faster.

Eric Burkholder, senior program manager, Microsoft Sentinel, said: “The evolving threat landscape means that enterprises constantly face new and challenging cybersecurity problems. The Microsoft portfolio of security solutions can be integrated with third-party offerings, such as the Veritas Alta cloud data management platform, to ensure that customers can rapidly achieve their security and protection goals and stay one step ahead of bad actors.”

Veritas REDLab Validation marks the latest step in a lasting strategic relationship between Veritas and Microsoft. Deep and established integration between the companies’ products and go-to-market strategies enables them to help customers build their zero trust security models and be cyber resilient. Together, they help to protect against downtime, data loss and regulatory penalties, and to provide the reassurance of recovery at scale, in the cloud and across their data estates.

Previous collaboration highlights between Veritas and Microsoft include:

  • Veritas delivered a simple UI-based integration with Microsoft Sentinel, ensuring all user audit trails, data anomalies and malware detected in the backup infrastructure are shared with the Security Operations (SecOps) team.
  • Veritas Alta Data protection is integrated with Microsoft Azure, which was also the launch partner for Veritas Alta Recovery Vault, Veritas’ cloud cyber-secure recovery data isolation vault with virtual air-gap controls that ensure a backup copy is always indelible, immutable and available for recovery.
  • Veritas Alta SaaS Protection was one of the first data protection solutions, hosted on Microsoft Azure, to be SOC2 and IRAP certified. Veritas Alta SaaS Protection was also one of the first data protection solutions to offer a private tenant architecture for SaaS protection based on Microsoft Azure, ensuring dedicated resources to eliminate conflicts and ensure data sovereignty.
  • Veritas Alta Data Compliance is deployed exclusively on Microsoft Azure around the world. This tight integration allows Veritas to extend its datacenter footprint to accommodate needs for data sovereignty in different regions of the world, in as little as three weeks.

Gabriel Muñoz, information technology director at Alestra, said: “Evaluating security and cyber resiliency solutions from multiple vendors in different proof-of-concept evaluations is time consuming and frustrating. Knowing that we can select products from Veritas and Microsoft that have been pre-tested and validated will free us from that burden and allow us to cut to the chase, so we’re protected faster from emerging cyber-resiliency threats.” 

Veritas is also a member of the Microsoft Intelligent Security Association (MISA), which is an ecosystem of independent software vendors and managed security service providers that have integrated their solutions to better defend against a world of increasing cyber threats. Currently, Veritas Alta and NetBackup are validated as part of MISA.

About Veritas 
Veritas Technologies is the leader in secure multi-cloud data management. Over 80,000 customers—including 91% of the Fortune 100—rely on Veritas to help ensure the protection, recoverability, and compliance of their data. Veritas has a reputation for reliability at scale, which delivers the resilience its customers need against the disruptions threatened by cyberattacks, like ransomware. No other vendor is able to match Veritas’ ability to execute, with support for 800+ data sources, 100+ operating systems and 1,400+ storage targets through a single, unified approach. Powered by Cloud Scale Technology, Veritas is delivering today on its strategy for Autonomous Data Management that reduces operational overhead while delivering greater value. Learn more at veritas.com. Follow us on X at @veritastechllc. 

Veritas and the Veritas Logo are trademarks or registered trademarks of Veritas Technologies LLC or its affiliates in the US and other countries. Other names may be trademarks of their respective owners. 

PR Newswire

SK Telecom and Deutsche Telekom to Jointly Develop Telco-specific LLM

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  • Companies sign LOI for joint development of a large language model specifically for telecommunication companies.
  • Telco-specific LLM will be built through collaboration with AI companies and unveiled in the first quarter of 2024.
  • Collaboration between the two companies is expected to strengthen their leadership in AI and lead to a thriving global AI ecosystem.

SEOUL, South Korea, Oct. 22, 2023 /PRNewswire/ — SK Telecom (NYSE:SKM, “SKT”) and Deutsche Telekom today announced that they signed a Letter of Intent (LOI) to jointly develop a telco-specific LLM that enables global telecommunication companies (telcos) to develop generative AI models easily and quickly.

SK Telecom and Deutsche Telekom to Jointly Develop Telco-specific LLM
SK Telecom and Deutsche Telekom to Jointly Develop Telco-specific LLM

The LOI signing ceremony took place at SK Seorin Building located in Seoul with the attendance of key executives from both companies including Ryu Young-sang, CEO of SKT, Chung Suk-geun, Chief AI Global Officer of SKT, Tim Höttges, CEO of Deutsche Telekom, Claudia Nemat, Board Member Technology and Innovation of Deutsche Telekome, and Jonathan Abrahamson, Chief Product and Digital Officer of Deutsche Telekom.

This marks the first fruition of discussions held by the Global Telco AI Alliance, which was launched by SKT, Deutsche Telekom, E&, and Singtel, in July 2023, and lays the foundation to enter the global market.

SKT and Deutsche Telekom plan to collaborate with AI companies such as Anthropic (Claude 2) and Meta (Llama2) to co-develop a multilingual – i.e, German, English, Korean, etc. – large language model (LLM) tailored to the needs of telcos. They plan to unveil the first version of the telco-specific LLM in the first quarter of 2024.

The telco-specific LLM will have a higher understanding of telecommunication service-related areas and customer’s intentions than general LLMs, making it suitable for customer services like AI contact center.

The goal is to support telcos across the world, including Europe, Asia, and the Middle East, to develop generative AI services such as AI agents flexibly according to their respective environment.

This will enable telcos to save both time and cost for developing large platforms, and secure new business opportunities and growth engines through AI innovation that shifts the paradigm in the traditional telecommunications industry.

To this end, SKT and Deutsche Telekom plan to jointly develop AI platform technologies that telcos can use to create generative AI services to reduce both development time and cost.

For instance, when a telco tries to build an AI contact center based on generative AI, it itself will be able to build one that suits their environment more quickly and flexibly. In addition, AI can be applied to other areas such as network monitoring and on-site operations to increase efficiency, resulting in cost savings in the mid- to long-term.

Through this collaboration, the two companies will proactively respond to the recent surge in AI demand from telcos, while also promoting the expansion of the global AI ecosystem through the successful introduction of generative AI optimized for specific industries or domains.

“AI shows impressive potential to significantly enhance human problem-solving capabilities. To maximize its use especially in customer service, we need to adapt existing large language models and train them with our unique data. This will elevate our generative AI tools,” says Claudia Nemat, Member of the Board of Management for Technology and Innovation at Deutsche Telekom.

“Through our partnership with Deutsche Telekom, we have secured a strong opportunity and momentum to gain global AI leadership and drive new growth,” said Ryu Young-sang, CEO of SKT. “By combining the strengths and capabilities of the two companies in AI technology, platform and infrastructure, we expect to empower enterprises in many different industries to deliver new and higher value to their customers.”

About SK Telecom

SK Telecom has been leading the growth of the mobile industry since 1984. Now, it is taking customer experience to new heights by extending beyond connectivity. By placing AI at the core of its business, SK Telecom is rapidly transforming into an AI company. It is focusing on driving innovations in areas of telecommunications, media, AI, metaverse, cloud and connected intelligence to deliver greater value for both individuals and enterprises.

For more information, please visit our LinkedIn page www.linkedin.com/company/sk-telecom.

PR Newswire

Embrace the Future of Cloud and Network Towards Digitalisation

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– eSurfing Cloud Global Tour · Asia Pacific Event in Singapore

HONG KONG, Oct. 20, 2023 /PRNewswire/ — China Telecom (Asia Pacific) is thrilled to announce the resounding success of the event titled “Embrace the Future of Cloud and Network Towards Digitalisation” at the Pan Pacific Singapore. The event witnessed the participation of more than 200 business professionals, with attendees joining us both in person and virtually, marking the commencement of eSurfing Cloud’s global promotional journey. This Singapore conference marked the inception of eSurfing Cloud’s global promotional expedition, building on the success of its inaugural conference in Hong Kong on June 16, 2023.

China Telecom Global Executive Vice President, Mr Li Kang, and President of Chinese Enterprise Association (Singapore), Mr Tan Zhi Yong, were honoured as guest speakers during the event’s opening session. Mr Li Kang extended his appreciation to the Chinese Enterprise Association (Singapore), valued clients, and industry partners for their trust and continuous support over the years. Mr Li emphasised, “eSurfing Cloud has officially expanded into the Asia-Pacific region, marking a significant step by China Telecom in its deep commitment to the Asia-Pacific region and its efforts to drive digital transformation in the Asia-Pacific.”

Invited guest, President of Chinese Enterprise Association (Singapore), Mr Tan Zhi Yong mentioned, “China Telecom Asia Pacific has firmly established its presence in Singapore, and it has made significant contributions to Singapore’s digital economic development, social progress, and improvements in people’s lives. This fully showcases the positive role played by Chinese enterprises based in Singapore. We hope that everyone will work together to advance Singapore’s technological innovation to new heights, continually enhancing Singapore’s development capabilities”.

During the knowledge-sharing sessions, Managing Director of China Telecom Asia Pacific, Mr. Eason Cheng, Vice President and Deputy General Manager of Cloud Core Platform of China Telecom Global, also shared on eSurfing Cloud’s development history and core advantages. He outlined the overseas resource deployment and product system of eSurfing Cloud. He placed special emphasis on China Telecom’s unique advantages in infrastructure and security, and its commitment to providing excellent services to help businesses achieve digital transformation. Mr. Li Qing, Managing Director of China Telecom (Asia Pacific), shed light on eSurfing Cloud’s strategy in the Asia Pacific. He also presented solutions for various industry businesses to transition to the cloud, based on industry research data. Through case studies, he emphasised eSurfing Cloud’s unique advantages in assisting Chinese enterprises in their global expansion efforts and foreign enterprises in entering the Chinese market.

A formal MOU signing ceremony was conducted, bringing together China Telecom Global and Feishu, China Telecom Asia Pacific and China Life Insurance (Singapore), China Aviation Oil (Singapore), and Industrial and Commercial Bank of China (Singapore). Distinguished guests also delivered insightful presentations on the event about win-win partnership and digital transformation.

The conference also included the eSurfing Cloud Asia-Pacific Launch Ceremony, which was attended by Mr. Li Kang, Executive Vice President of China Telecom Global, Mr. Li Qing, Managing Director of China Telecom (Asia Pacific), Mr. Tan Zhi Yong, President of China Enterprises Association (Singapore), CEO of MCC Singapore, Mr. He Bin, Vice President of Feishu, Mr. Howard Chen, Managing Director of Yonyou (Singapore) Pte Ltd, Mr. Lin Yi, CEO of China Aviation Oil (Singapore) Corporation Ltd, Mr. Lin Xiang Yang, Chief Executive of China Life Insurance (Singapore) Pte. Ltd, and Mr. Yang Yu, Managing Director of Industrial and Commercial Bank of China Limited Singapore Branch. Amid the countdown, they collectively witnessed the new journey of the eSurfing Cloud Global Tour’s Asia Pacific stop. Embracing the future of cloud and network towards digitalisation, let’s eagerly anticipate eSurfing Cloud setting sail in Singapore and venturing into the global arena!

Furthermore, the conference set up different exhibition areas on-site, utilizing various formats such as videos and interactive cloud showrooms to showcase China Telecom Global’s global resources and IDC business, eSurfing Cloud’s overseas cloud-network infrastructure layout, and industry case studies. Expert presentations and Q&A sessions were arranged to facilitate face-to-face interactions and discussions with participants, exploring the future of cloud computing, seeking opportunities for cooperation and win-win partnerships, and expanding globally.

China Telecom actively practices the concept of integrated cloud and network, and strives to build technological cloud, intelligent cloud, and secure cloud solutions. With a steadfast commitment to technological innovation, China Telecom Global’s eSurfing Cloud has undergone a comprehensive upgrade to eSurfing Cloud 4.0, a distributed cloud platform. Adhering to the four-in-one security concept of cloud foundation security, network security, data security, and information security, eSurfing Cloud effectively meets the security requirements of international customers. By providing output and integration capabilities of “one cloud, multiple cores” and “one cloud, multiple forms,” along with comprehensive fusion management, eSurfing Cloud is fully dedicated to promoting enterprise information construction and injecting new momentum into the global digital transformation of businesses.

Embrace the Future of Cloud and Network Towards Digitalisation. China Telecom Global will continue to uphold its vision of empowering the digital transformation of various industries. It will leverage the advantages of integrated cloud and network, deepen global cooperation, and jointly create a global cloud ecosystem. Together with global enterprises, China Telecom eSurfing Cloud will embrace the digital wave and embark on a transformative path of rapid development.

PR Newswire

New Veritas Research Reveals Nearly Half of Organizations Underestimate Their Level of Risk

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Top risks include data security, economic uncertainty and emerging technologies such as AI

SINGAPORE, Oct. 18, 2023 /PRNewswire/ — Veritas Technologies, the leader in secure multi-cloud data management, today released findings of new research that shows 45% of organizations may be miscalculating the severity of threats to their business. The study, Data Risk Management: The State of the Market—Cyber to Compliance, which polled 1,600 executives and IT practitioners across 13 global markets, provides insights into the most pressing risks, their impacts and how organizations plan to navigate them.

Despite risk factors like interest rates and inflation pressing hard on organizations, ransomware and multi-cloud complexity are also growing concerns for businesses of all kinds. However, when survey respondents were initially asked whether their organizations were currently at risk, almost half (48%) said no. But after being presented with a list of individual risk factors, respondents of all levels recognized the challenges facing their organizations, with 97% then identifying a risk to their organizations.

Notably, 15% of those surveyed did not believe their organizations could survive another 12 months given the risks they currently face. There was a disconnect, however, between the C-suite and those working in the trenches of protecting their organizations’ data, which could point to a communications issue: 23% of senior executives predicted the demise of their organizations in the next year, compared to just 6% of analysts and technicians.

Matt Waxman, senior vice president and general manager for data protection at Veritas, said: “The first step in addressing a problem is recognizing it’s there. When the risks are laid out in black and white, it’s hard to ignore the reality of today’s complex business operating environment. The risks are everywhere and require constant vigilance. While an overwhelming majority of respondents ultimately acknowledged the presence of risks and most said they’re taking steps to address them, the data suggests it may not be enough.”

Clear and present danger

Given the macro landscape and daily news headlines, the survey responses are a clear reflection of the times. Participants identified data security (46%), economic uncertainty (38%) and emerging technologies, such as artificial intelligence (AI), (36%) as the top threats faced by their organizations today from among an extensive list of possible hazards. Traditional threats like competition and a shortage of talent took fourth and fifth place. Geopolitical instability fell even further down the list to seventh place.

AI is proving to be a double-edged sword for organizations. There have been numerous reports over recent months of bad actors adopting AI solutions to create more sophisticated and compelling ransomware attacks on organizations. It has additionally been recognized as a risk factor for businesses who fail to put proper guardrails in place to stop employees from breaching data privacy regulations through the inappropriate use of generative AI tools. Conversely, AI is also tipped to be one of the best solutions for businesses to fight back against hackers since its capabilities can be harnessed to automate the detection of, and response to, malicious activities.

Additionally, 87% of those surveyed admitted they had experienced a negative impact from risks, including reputational and financial harm. When asked which risks had resulted in actual damage to their organizations, data security was again highest, with 40% of respondents attesting to related damages. Economic uncertainty was the second most common risk to have affected organizations, with 36% having been hurt. Damages from competition came in third at 35% and emerging technologies, such as AI, at 33%.

The effects of data security breaches were underscored by the number of organizations who had been hit by ransomware attacks. A sizable majority (65%) said that over the past two years their organizations had been the victims of at least one successful ransomware attack in which hackers were able to infiltrate their systems. Twenty-six percent of those who experienced a successful attack said they did not report it. Breaches that caused a failure to comply with regulatory requirements cost respondents’ organizations, on average, more than US$336,000 in regulatory compliance fines during the last year.

Caught in the crosshairs 

For many respondents, the level of risk is rising. More (54%) were likely to say risks to data security have increased rather than decreased (21%) over the last 12 months. Yet they may not fully appreciate their own vulnerabilities. This perception gap emerges in light of how organizations representing specific sectors assessed their risk versus how their responses were scored via a risk rating scale.

Researchers assigned each respondent a “risk ranking” score based on their answers and what these revealed about their adherence to security best practices. While the public sector ranked as the most at-risk group, just 48% of those respondents rated themselves as being at risk. Similarly, only 52% of respondents from the energy, oil/gas and utilities sector viewed themselves at risk.

Most at-risk sectors

Most at-risk countries/regions

1

Public sector

1

UK

2

Energy, oil/gas and utilities

2

France

3

Media, leisure and entertainment

3

China

4

Construction and property

4

Singapore

5

Manufacturing and production

5

Japan

6

IT, technology and telecom

6

US

7

Business and professional services

7

Australia

8

Financial services

8

Nordics

9

Healthcare

9

DACH

10

Biopharma

10

India

Shoring up their defenses, but are they doing enough?

For organizations aiming to mitigate data security risks, many have increased their data protection budgets as much 30% over the last 12 months. The average data protection and security team size also grew by 21-22 staff members. Eighty-nine percent said staffing levels are now at an adequate level for keeping their organizations secure.

Along with staffing additions, organizations are exploring other ways to fortify their defenses. Despite ranking AI and emerging technologies as a top risk, 68% are looking at AI and machine learning to boost security. Given AI’s dual nature as a force for both good and bad, the question going forward will be whether their organizations’ AI protection can evolve ahead of hackers’ AI attacks.

The research also appears to expose another chink in the armor with more than a third (38%) reporting that they have no data recovery plan in place or have only a partial plan. That presents cause for concern considering nearly half (48%) experienced data loss at least once in the past two years.

Waxman continued: “The caution is for organizations to avoid approaching their data security strategy with a false sense of confidence. The recent spate of high-profile data breaches has proven no organization is immune. If data is like gold dust, guard your treasure. Be prepared with a comprehensive cyber resiliency plan for protecting and recovering your data from edge to core to cloud. Rehearse the plan regularly and recalibrate as needed. Being forewarned is forearmed and by strengthening your data security posture, you can successfully navigate the risks.”

For more survey findings, download the report: Data Risk Management: The State of the Market—Cyber to Compliance.

Research methodology

Veritas commissioned Vanson Bourne to survey 1,600 respondents in August and September 2023 across Australia, Brazil, China, the DACH region, France, India, Japan, the Nordics, Singapore, South Korea, the United Arab Emirates, the United Kingdom and the United States. Respondents held executive or practitioner level positions in organizations of at least 1,000 employees from any sector.

About Veritas

Veritas Technologies is the leader in secure multi-cloud data management. Over 80,000 customers—including 91% of the Fortune 100—rely on Veritas to help ensure the protection, recoverability and compliance of their data. Veritas has a reputation for reliability at scale, which delivers the resilience its customers need against the disruptions threatened by cyberattacks, like ransomware. No other vendor is able to match Veritas’ ability to execute, with support for 800+ data sources, 100+ operating systems and 1,400+ storage targets through a single, unified approach. Powered by Cloud Scale Technology, Veritas is delivering today on its strategy for Autonomous Data Management that reduces operational overhead while delivering greater value. Learn more at veritas.com. Follow us on X at @veritastechllc. 

Veritas and the Veritas Logo are trademarks or registered trademarks of Veritas Technologies LLC or its affiliates in the US and other countries. Other names may be trademarks of their respective owners.

PR Newswire

Deltek Celebrates the 16th Annual MVP Award Winners at Deltek ProjectCon 2023

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ORLANDO, Fla., Oct. 17, 2023 /PRNewswire/ — Deltek, the leading global provider of software and solutions for project-based businesses, today announced the winners of its annual Most Valuable Project (MVP) Awards at Deltek ProjectCon 2023, the company’s yearly user conference. With the MVP Awards, Deltek honors the most innovative among its worldwide customers and partners across nine categories:

The Marketing Agency Award recognizes an advertising or digital marketing agency using Deltek solutions to power their creative business. This year’s winner, George P. Johnson, a Project Worldwide Agency, is the world’s leading experiential marketing agency. The agency successfully implemented Deltek WorkBook in the UK, Germany, and Dubai to achieve global expansion and collaboration among its offices. With the help of Deltek and implementation partner Tangram, the agency overcame complex government tax and multi-currency reporting challenges, and increased visibility into resource management, utilization rates and job lifecycle workflows for the 1,400 employees who use WorkBook daily.   

The Consulting Award recognizes a firm that is using Deltek as a key technology to deliver successful engagements to their clients. This year’s winner, Boulay, is an accounting, audit, tax and financial consulting firm headquartered in Minneapolis. Boulay decided to upgrade its Deltek Maconomy ERP system to Maconomy in the Cloud to align with its business goals of growth, productivity and security in a cloud environment.  After the migration, Boulay saw a 50% reduction in the time needed to upgrade to Maconomy in the Cloud, expediting its timeline, streamlining user communication and allowing the company to add additional contractors to support growth.    

The Construction Award recognizes a firm in the construction industry that is utilizing Deltek to successfully execute projects. This year’s winner, Pyro-Comm Systems, Inc., a premier fire alarm and life safety contractor, has used Deltek ComputerEase as its financial backbone for over ten years.  Pyro-Comm successfully increased control of project financial performance, including consolidating two ComputerEase systems into one by leveraging Deltek’s payroll services in just two weeks. Through customized reporting and application utilization, Pyro-Comm can now provide executive management insight and confidence across its financial reporting. 

The Professional Services Award recognizes a firm doing innovative work and succeeding with the help of Deltek solutions. This year’s winner, Englobe is a mid-market engineering and environmental services firm, with more than 3,000 employees and a well-established network of offices and facilities across Canada. Englobe uses Deltek Vantagepoint as the foundation of its daily operations across 23,000 projects annually, relying on it to help streamline financials, optimize project management, and deliver high-quality solutions to its clients. Leveraging Deltek Vantagepoint has led to improved resource utilization, efficient project management and an overall increase in profitability for Englobe.   

The Partner Award recognizes a Deltek partner and customer that together have completed an exceptional implementation of a Deltek solution. This year’s winners, Deltek Premier Partner Rhodium Digital and customer Wade Consulting, are both based in Alberta, Canada. With recent rapid growth, Wade needed a powerful and integrated ERP system to manage their entire product lifecycle and gain deeper insights into individual project health. With Rhodium Digital’s expertise as a Deltek Vantagepoint partner, Wade Consulting was able to move off QuickBooks® and time-consuming manual spreadsheet processes and go live in just two months, laying the foundation for double-digit growth for years to come. 

The Small to Midsize Business Award recognizes a growing business doing innovative work and succeeding with the help of Deltek solutions. This year’s winner, Connexus Corporation, is a women-owned, Virginia-based global consulting firm that designs sustainable strategies to link developing economies with global markets that enhance the lives of the poor. Connexus implemented Deltek Costpoint to handle the complex needs of managing international development projects while maintaining its prime contractor status on the Feed the Future Senegal Nafoore Warsaaji Activity, funded through the Feed the Future initiative coordinated by the United States Agency for International Development (USAID). With Costpoint, Connexus was able to streamline project management, accounting, and reporting processes, and ensure compliance with USAID regulations. Connexus also gained real-time visibility into project performance and financial status, enabling it to make informed decisions and optimize their resources. 

The Enterprise Award recognizes a large business that leverages Deltek solutions to achieve its global mission. This year’s winner, Fluor’s Mission Solutions Business Group, the government contracting division of the FORTUNE 500 company, provides nuclear engineering and facility operation services, construction management, rapid response logistics, global military base operations and maintenance, as well as humanitarian and disaster relief support.  Mission Solutions moved its entire ERP system from SAP, and now leverages several of Deltek’s industry-specific solutions, including Deltek Costpoint, Talent Management, Cobra, Acumen and GovWin IQ to power its project lifecycle. Mission Solutions migrated 1,900 employees to Deltek Costpoint in just ten months, saving six million dollars in operational expenses while remaining fully compliant with government regulations.

The Architecture and Engineering (A&E) Award recognizes an A&E firm that is utilizing Deltek to successfully execute projects. This year’s winner, DeSimone Consulting Engineering, provides high-quality structural engineering, façade consulting, construction consulting, forensics services (litigation support), integrated design, detailing services, and protective design for all types of buildings. The high-growth, 600-employee firm upgraded from Deltek Vision to Vantagepoint in 2023 while consolidating disparate financial systems and integrating client relationship management, corporate risk, and project data following multiple acquisitions. With Vantagepoint, DeSimone grew its revenue by 33%, increased invoice efficiency, and saved hundreds of thousands of dollars in overhead costs by streamlining platforms to one integrated ERP system.  

The Government Contracting Award recognizes a firm that is using Deltek to successfully execute business with federal, state or local governments. This year’s winner, UIC Government Services and The Bowhead Family of Companies, provides various services for defense and civilian government agencies. UIC Government Services leverages Deltek Costpoint, GovWin IQ, PPM Solutions, and TIPQA to run a complex accounting and corporate structure for over 36 subsidiaries and more than 3,000 employees. UIC Government Services’ decade-long history with Deltek’s government-compliant solutions has decreased its operating support costs year over year, with more than 35% of invoices now processed by software, while also increasing project efficiencies.  

“I am thrilled to celebrate the winners of this year’s MVP Awards and all the great work done by each business. We are honored that they have each chosen Deltek’s industry-leading solutions as a key part of their path toward success,” said Brian Daniell, Deltek’s Chief Customer Officer. “This year we received nominations from all over the globe, from companies of all sizes, and with a huge range of business goals they were able to achieve over the past year. On behalf of everyone at Deltek, we’re delighted to congratulate this outstanding group of winners!”

Learn how Deltek customers are powering project success.

About Deltek

Better software means better projects. Deltek is the leading global provider of enterprise software and information solutions for project-based businesses. More than 30,000 organizations and millions of users in over 80 countries around the world rely on Deltek for superior levels of project intelligence, management and collaboration. Our industry-focused expertise powers project success by helping firms achieve performance that maximizes productivity and revenue. Learn more at www.deltek.com.

Deltek Contact
Deltek Media Relations Team
press@Deltek.com