Tag Archives: SVY

New Accedian Research Finds 76% of Manufacturers Plan to Use Private 5G by 2024

Despite overwhelming inclination, barriers to 5G adoption remain, including high cost, deployment difficulty and management complexity

MONTREAL, Canada, Sept. 29, 2021Accedian, a leader in performance analytics, cybersecurity threat detection and end user experience solutions, today released new analyst research on the future of 5G in manufacturing. Conducted in partnership with Analysys Mason, a leading management consultancy focused on telecoms, media and technology (TMT), the research found that while 76% of manufacturers plan to use private 5G locally by 2024, key barriers to adoption include management complexity, difficulty of deployment and high costs. 

Manufacturing holds extreme promise in being transformed through 5G network adoption. As a sector largely reliant on the quality of connections between technologies and machines, 5G can expedite processes, reduce latency, enable automation and the adoption of artificial intelligence (AI), robotics and augmented reality (AR). Most manufacturers agree that high reliability (82%), security (78%) and support for low-latency applications (75%) make a 5G private network an attractive choice. 

"5G is set to transform industries, and no sector is more ripe for this than manufacturing," says Sergio Bea, VP of Global Enterprise and Channels, Accedian. "Our research with Analysys Mason clearly shows the appetite for adoption among manufacturers is there, but network performance monitoring and management remain barriers to entry. With the right network monitoring tools, IT teams at factories can be sure they’ll have both the visibility and security they need to make 5G adoption a success."

More than 200 respondents from Germany, Japan, the United Kingdom, and the United States across six verticals provided insights into private 5G network adoption. 

Key highlights from the research include:

  • The most likely types of 5G deployments are: hybrid models (45%) and network slice (35%); while 18% of manufacturing respondents prefer fully private on-prem networks.
  • Security (63%) is the biggest factor influencing the choice of 5G deployment model, followed by network performance (49%), speed/simplicity of deployment (49%), application performance (45%) and data privacy (43%).
  • In terms of barriers to adoption, respondents considering a hybrid network model are most concerned about management complexity (43%).
  • Most agree that important metrics to monitor are application performance KPIs (61%), closely followed by network performance KPIs (59%) and security KPIs (55%).     

There is a complex balance of risks and deployment choices that manufacturers will need to make as they move forward with 5G.

"Our research shows there is appetite for 5G in the manufacturing industry, which means there’s also immense opportunity for service providers to uplevel their relationships with factories, as well," says Michele Mackenzie, Principal Analyst, IoT and private networks, Analysys Mason. "CSPs need to capitalize on this momentum to become more than just vendors, but strategic partners to manufacturing organizations looking to navigate the future of the sector."

To download the complete research click here.

To learn more about Accedian’s Skylight™ platform visit: https://accedian.com/platform/skylight/.

Resources

Infographic: Industry 4.0: Manufacturing Private 5G Networks State of Play

Analyst Research: Accelerating Smart Manufacturing with Private 5G Networks

Webinar: Mobile Europe: Driving SmartX World with Private 5G Networks with Colt

Related Press Release: 5G-ENCODE: Accedian partners to support UK manufacturing innovation

Whitepaper: 5G Brief: The Manufacturing Opportunity

CONTACT:

Pragya Goel

SourceCode Communications
accedian@sourcecodecomms.com 
(203) 554 – 5820

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/accedian/r/new-accedian-research-finds-76–of-manufacturers-plan-to-use-private-5g-by-2024,c3423826

O.C. Tanner Unveils Landmark Study, the 2022 Global Culture Report, as Companies Continue to Navigate the “Great Resignation” Era


In a world where employers no longer hold all of the cards, the fourth annual report provides a roadmap for organisations as they move out of crisis and look to refine or rebuild their cultures

SALT LAKE CITY, Sept. 22, 2021 — O.C. Tanner, the global leader in employee recognition and workplace culture, today announced the release of its 2022 Global Culture Report. In its fourth year, the report provides an in-depth look at timely workplace culture and employee experience issues based on data gathered from over 38,000 employees, leaders, HR practitioners, and executives from 21 countries worldwide. The report was announced at O.C. Tanner’s annual culture conference, Influence Greatness, which took place virtually for the second consecutive year.

"Demonstrating a causal relationship between employee recognition and the strength of connection between employees, this year’s landmark study supports over a decade of research to show that recognition is a critical tool for organisations, particularly in an era rife with disconnection and social fragmentation," said Dr. Alexander Lovell, Director of Research and Data Science at the O.C. Tanner Institute. "Additionally, our research makes clear that the recent ‘Great Resignation’ phenomenon is only the beginning. Repairing the damaged aspects of workplace cultures is imperative, but will not be easy. It will take time to thoroughly rethink long-held beliefs about the employee experience and approaches to building workplace culture, and we hope this report will act as a guide for those company leaders looking to do so."

As companies approach a post-pandemic era, the report highlights some of their greatest challenges: creating meaningful employee experiences and connecting people across the organisation. Generic, top-down programs for collaboration, recognition, and growth will no longer be effective. Because the pandemic has affected employees in extremely different ways, personalising the employee experience will be crucial to building inclusive cultures. Leaders will have to inspire great work in their people regardless of where it’s done. As they look to reimagine the workplace, organisations today have the opportunity to refresh their cultures—to exceed the best of their old normal, evolve their employee experiences, and focus on what will truly drive business results.

"The former concept of workplace ‘normalcy’ left the building in March 2020, and it’s not coming back," said Gary Beckstrand, Vice President of the O.C. Tanner Institute. "A new landscape of work and business has emerged from the pandemic, and helping employees feel connected to purpose, accomplishment, and one another—no matter where or when they work—is more important than ever. With so much continued uncertainty, the 2022 Global Culture Report shines a light on the specific elements that organisations need to prioritise as they look to navigate the next phase of work."

"No matter how tempting it may be to revert back to pre-pandemic modes of thinking and working, the 2022 Global Culture Report emphasises the need for organisations across the globe to continue the march forward," said Alan Heyward, Managing Director for Asia Pacific at O. C. Tanner. "As markets recover and HR leaders continue to assert their position as a strategic partner through trying times, the findings from this extensive research can prove to be invaluable."

Sample key findings include:

  • The average employee engagement score is down 18% from last year’s report.
  • Crucial elements of successful hybrid employee experiences:
    • Career development program: 68%
    • Flexibility to choose the number of days worked remotely: 65%
    • Clear expectations for availability when working remotely: 65%
    • Opportunities for in-person social connection with coworkers: 58%
  • When employees have schedule and location flexibility at work, the probability of cultural outcomes increase:
    • Engagement: 41%
    • Retention: 77%
    • Likelihood to be a Promoter on the eNPS scale: 41%
  • 61% of employees say the workplace is where they form most of their new friendships and that their social group at work inspires them to do their best work.
  • 45% of employees say the number of individuals they regularly interact with at work has decreased significantly over the past year, and 57% say they engage in fewer social activities.
    • In addition, 1 in 3 employees feel disconnected from their leader, furthering feelings of isolation and loneliness.
  • When employees feel less connected to their workplace, culture, and purpose, the likelihood of great work falls 90%, the probability of burnout increases 11x, and the odds that employees will leave within three years surge 6x.
  • Five distinct employee personas emerged and were defined, each with their own general focus, work style and self-esteem: Socialiser, Tasker, Builder, Coaster, and Achiever.
    • Each of these personas has a different probability of being engaged, and a different probability of doing great work. Builders and Socialisers have the highest likelihood of doing great work, while Coasters have the least. Achievers have a relatively high probability of engagement, but not great work.
    • Different types of recognition affect feelings of connection differently for each group. For the often-introverted Tasker, public praise has a negative effect, but eCards and monetary eCards increase connection. For Builders, any form of recognition builds connection. Public appreciation has the most significant impact on the more outgoing Achievers.
  • The formula for creating peak employee experiences starts with meeting three basic needs: autonomy, connection, and mastery.
    • When leaders understand employees’ recognition preferences and personalise recognition moments, the odds of higher autonomy satisfaction improve 126% and the chances of higher connection satisfaction jump 145%.
    • Leaders who advocate for employee development increase the likelihood of satisfying autonomy needs by 115%, connection needs by 124%, and mastery needs by 131%.
  • Organisations have a 7.5x increased likelihood of improving the employee experience when they meet the needs of employee autonomy, connection and mastery.

This comprehensive report, which serves up actionable data for business leaders seeking change, can be accessed at O.C. Tanner’s website here: https://www.octanner.com/global-culture-report.html.   

About O.C. Tanner
O.C. Tanner is the global leader in software and services that improve workplace culture through meaningful employee experiences. Its Culture Cloud employee recognition platform helps people feel appreciated, do their best work, and want to stay. O.C. Tanner drives positive business results by helping millions of people thrive at work. For more information visit octanner.com.

Research Methodology
The O.C. Tanner Institute uses multiple research methods to support the Global Culture Report, including interviews, focus groups, cross-sectional surveys, and a longitudinal survey.

Qualitative findings came from 16 focus groups and 85 interviews among employees and leaders of larger organizations. Each group represented various types of employers, including both private and public entities.

Quantitative findings came from online survey interviews administered to employees across Argentina, Australia, Brazil, Canada, China, France, Germany, Hong Kong, India, Japan, Mexico, the Netherlands, Philippines, Russia, Saudi Arabia, Singapore, South Africa, South Korea, the United Arab Emirates, the United Kingdom, and the United States. The total sample size is 38,177 workers at companies with 500+ employees.

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Laiye Selected in Leading Position in Gartner’s “Critical Capabilities for Robotic Process Automation 2021”

3 Expert Tips for a Successful RPA Implementation By Yichuan Hu, CTO of LAIYE

BEIJING, Sept. 18, 2021 — Gartner releases "Critical Capabilities for Robotic Process Automation 2021" in which Laiye is selected in leading position in all the five common use cases. "Laiye offers an integrated intelligent automation platform with a range of capabilities including document processing, chatbot, AI model creation and process discovery." as rated by Gartner of Laiye RPA products.

When done right, Robotic Process Automation (RPA) can be a game-changing technology for organizations. RPA tools have been deployed in various industries, used to automate business processes. The scenarios it covers have expanded from rule-based, simple task automation to complex process automation that requires Artificial Intelligence (AI) capabilities.

Selecting the RPA tool that matches your business process requirements is critical, but success also lies in choosing right underlying RPA product. Here are three insights on selecting RPA product that will continue to deliver value.

1. UI automation are foundational capability for RPA product

Do the research and understand the features and capabilities of the different RPA tools. Tools vary between vendors, and the technology is continually evolving and can meet different technical and business requirements. For example, automation via user interface integration, or UI automation, is identified by Gartner as the most fundamental and critical use case for RPA. Since its inception, RPA tools are known for non-intrusive UI automation, with the capability to automate business processes by bridging cross-system data without modifying existing systems. Although most RPA products provide UI automation capability, the key that differentiates them is the underlying workflow engine.

Currently, many RPA products are developed based on a workflow engine called Microsoft Windows Workflow Foundation. While it leverages an off-the-shelf framework, there are obvious risks and limitations. Firstly, Microsoft has made a limited investment in Windows Workflow Foundation – it has not been updated since August 2012. Hence, it’s still unclear how the technology will develop in the future.

Secondly, Windows Workflow Foundation only supports the Windows system. Therefore, RPA products developed based on it could only support automation on Windows and cannot be used in other operating systems. This may hem in the organization in terms of future RPA scalability and agility in responding to changing business needs.

2. Citizen developers are key to RPA scaling

Citizen developers – or non-technical users – can create RPA robots that automate repetitive work for themselves or their departments without the help of IT. Hence, enterprises need to evaluate RPA vendors whether they can enable citizen developers in order to achieve large-scale implementation of RPA. Some vendors also provide community editions of their RPA software to encourage a huge external pool of developers and community members which can be an extra developer talent pool for organizations to leverage. These vendors continually cultivate new talents by offering courses with several universities and holding competitions for RPA developers.

Gartner has highlighted how a great RPA product can significantly lower the threshold for bot development and usage. It can accelerate citizen automation, empowering citizen developers to build automation scripts using low-code development interfaces, guided navigation and workflow generation.

Gartner also pointed out that the ability to create headless bots is crucial to realize the large-scale implementation of RPA.

Laiye’s RPA provides various means to create headless bots, including SDK, APIs, command library, plug-ins, etc. All can be easily integrated and reused – whether it is an end-to-end automation process or a piece of an automated task that might be used repetitively. Specifically, SDK equips third-party software with the capability of process automation. APIs allow third-party systems to manage and schedule RPA bots, and plug-ins support multiple programming languages like C++, C#, Java, and Python, greatly enhancing the bots’ ability to serve as a connector.

3. AI is critical to expanding the boundary of RPA

While RPA automates repetitive and mundane rules-based tasks, AI can gather and learn from insights and pass that on in a structured format for RPA. When combined, RPA and AI technologies can enable even greater intelligent automation.

In some business cases, traditional rule-based RPA bots can no longer meet all the requirements, and AI capability becomes a necessary and important element to build intelligent automation solution. Gartner identifies augmenting knowledge workers and automating document processing as two use cases combining AI and RPA. Since two of the five use cases identified by Gartner are AI-related, the importance of AI capability for RPA products cannot be underestimated.

To augment knowledge workers to get work done, RPA bots need to recognize and understand images with the help of computer vision (CV) technology, understand texts through natural language processing (NLP) technology, and realize human-machine interaction with conversational AI capability. A successful approach is to combine these AI technologies to achieve end-to-end automation through human-machine interaction. This solution is seen in use cases such as employee desktop assistant.

Looking forward, just as the industrial revolution has significantly automated manufacturing processes, RPA will eventually automate the operations and decision-making processes within organizations. Today, existing RPA products only solve part of the enterprise business automation challenges. There remains much room for imagination and potential for future growth in this space.

Xinhua Silk Road: Annual report on image of Suzhou city released to better tell Suzhou stories during 2021 AI Expo Thu.

BEIJING, Sept. 18, 2021 — To better tell stories of Suzhou, an east China-located city known for its classic Chinese gardens, an annual report on image of Suzhou city in global cyberspace (2020-2021) came to the public during the 2021 Global AI Product & Application Expo (2021 AI Expo) on Thursday.

The report was released by the Jiangsu Center of Xinhua-run China Economic Information Service (CEIS) on the expo’s future of smart media-themed sub-forum. It probes into the characteristics, effectiveness and shortcomings of Suzhou’s city image building via internet channels in the past year.

Chen Xixi, head of Jiangsu Center of CEIS releases the annual report on Thursday.
Chen Xixi, head of Jiangsu Center of CEIS releases the annual report on Thursday.

Suzhou, as one of the major cities in the Yangtze River Delta, boasts a unique city image thanks to its world-class traditional culture and rich aquatic resources, complete and diversified manufacturing industry chain, and advantages in piloting preferential and opening-up policies by national level local economic platforms, according to the report.

Different from other Chinese cities, Suzhou appeared in reports by global media with four typical characteristics.

For instance, the city was usually reported along with such hot words as the "digital city", "ancient Chinese gardens", and words related to urban construction, culture, and tourism of Suzhou.

Moreover, Suzhou mainly appeared in reports by global mainstream media, which are mostly neutral in stance, in topics regarding its ecological environment, science and technology progresses, and development of emerging industries.

Furthermore, the city caught more attention from traditional media such as magazines, news agencies and commercial news websites and new media as compared with social media where reports about Suzhou are relatively scarce.

YouTube turned out a more interactive and influential platform for the city to communicate with the world as it is easy for influencer campaigns to produce widely-focused livestreaming shows about Suzhou, and the audiovisual language and topics concerned are easy to understand and closer to daily life.

All of these resulted from Suzhou’s continuous efforts in city image building in recent years, which highlighted its international communication with more cultural factors and established an all-round and multidimentional communication mode.

To better tell Suzhou stories, the report suggests the city deepening cognition of its city image and exploring more value of its connotation.

See the original link: https://en.imsilkroad.com/p/323887.html

Lufax Joins FTSE ESG Low Carbon Select Indexes

SHANGHAI, Sept. 18, 2021 — Lufax Holding Ltd ("Lufax" or the "Company") (NYSE: LU), a leading technology-empowered personal financial services platform in China, today announced that the Company will be added to the following FTSE ESG Low Carbon Select Indexes, following FTSE Russell’s most recent quarterly review. These inclusions will be applied after the close of business on Friday, September 17, 2021 and will be effective on Monday, September 20, 2021:

  • FTSE Emerging ESG Low Carbon Select Index
  • FTSE Asia ex Japan ESG Low Carbon Select Index

"These are important milestones for Lufax, signifying recognition from the capital markets around the world for our sustainability efforts," commented Guangheng Ji, Chairman of the Company. "Our goal is to become a best-practice benchmark for compliance and governance among overseas-listed Chinese companies. As a technology-driven personal financial services platform, Lufax is committed to leveraging technological strength to promote green, inclusive finance and to implement a low-carbon development strategy."

FTSE Russell, wholly owned by the London Stock Exchange Group, is a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries, covering 98% of the investable market globally. FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Approximately $16 trillion is currently benchmarked to FTSE Russell indexes.

The FTSE Russell’s ESG ratings measure the overall quality of a company’s management of ESG issues through over 300 indicators, 14 themes and three pillars including environmental, social, and governance. The FTSE ESG Low Carbon Select Index Series, which uses FTSE Russell’s Target Exposure methodology, targets 50% reduction in index level carbon emissions, 50% reduction in fossil fuel reserves and 20% improvement in index level ESG ratings. For more information, please refer to the Index page on FTSE’s website at https://research.ftserussell.com/products/downloads/FTSE_ESG_Low_Carbon_Select_Index_Ground_Rules.pdf

About Lufax Holding Ltd

Lufax Holding Ltd is a leading technology-empowered personal financial services platform in China. Lufax Holding Ltd primarily utilizes its customer-centric product offerings and offline-to-online channels to provide retail credit facilitation services to small business owners and salaried workers in China as well as tailor-made wealth management solutions to China’s rapidly growing middle class. The Company has implemented a unique, capital-light, hub-and-spoke business model combining purpose-built technology applications, extensive data, and financial services expertise to effectively facilitate the right products to the right customers. For more information, please visit www.lufaxholding.com.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Statements that are not historical facts, including statements about Lufax’s beliefs and expectations, are forward-looking statements. Lufax has based these forward-looking statements largely on its current expectations and projections about future events and financial trends, which involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company’s control. These forward-looking statements include, but are not limited to, statements about Lufax’s goals and strategies; Lufax’s future business development, financial condition and results of operations; expected changes in Lufax’s income, expenses or expenditures; expected growth of the retail credit facility and wealth management markets; Lufax’s expectations regarding demand for, and market acceptance of, its services; Lufax’s expectations regarding its relationship with borrowers, platform investors, funding sources, product providers and other business partners; general economic and business conditions; and government policies and regulations relating to the industry Lufax operates in. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in Lufax’s filings with the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and Lufax does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

Contacts
For media inquiries, please contact:
Lufax Holding Ltd
Email: YUXIYUAN925@lu.com

Edmond Lococo
Tel: +86 138-1079-1408
Email: Edmond.Lococo@icrinc.com 
            Lufax.PR@icrinc.com

Financial Service Companies Look to Elevate Security by Partnering with Cloud Experts Offering Integrated Solutions

Solutions that break down data help FSIs build a more collaborative and successful business, finds Frost & Sullivan

LONDON, Sept. 15, 2021 — The surge in cloud adoption in the UK has caused a simultaneous increase in the incidence of cyberattacks. The financial service industry (FSI), one of the leading adopters of cloud and new digital technologies, has often been a target for cybersecurity threat actors due to the sensitive nature of its data. To survive the waves of increasingly sophisticated attacks, FSI businesses turn to third-party cloud experts with integrated solutions that can offer them deep and wide-ranging visibility into their networks and devices.

Frost & Sullivan’s latest white paper, Modernising Operations and Customer Interactions in the UK Financial Services Industry, analyzes the opportunities and challenges inherent in FSIs’ recent migration to the cloud. It explores how the right solution provider can ensure successful outcomes.

To download the complimentary white paper, please visit: http://frost.ly/64h

"FSI businesses need to work with partners that understand the industry’s requirement for secure, compliant solutions and provide the right tools for data storage and management. Such tools can help avert costly repatriation, security challenges, and keep costs manageable," said Roberta Gamble, Partner & Vice President at Frost & Sullivan. "Advanced cloud solution providers such as NetApp are ideally positioned to address FSIs’ direct needs, creating greater organizational visibility through a ‘single pane of glass’ offering."

"FSI is a heavily regulated industry with significant internal compliance, so any solution deployed must ensure these requirements are met, while still providing all the value of moving to the Cloud, such as greater agility, accelerated modernisation and the increased ability to innovate.  NetApp provides both solutions and expertise to thousands of FSIs looking to deploy a Hybrid, Multi-cloud environment," said Steve Rackham, Senior Solutions Engineering Manager – FSI at NetApp.

With the right security solution, FSIs can be sure that:

  • The data is fully protected yet fully accessible wherever it resides.
  • The full benefits of cloud are realized while limiting risks.
  • They are compliant with all industry regulations.
  • Data backup and recovery from the cloud are optimal.
  • The management of a multi-cloud environment will be easy.

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.

Contact:
Jaylon Brinkley
Corporate Communications
P: 210.247.2481
E: jaylon.brinkley@frost.com
http://ww2.frost.com

Related Links :

Frost New Home page v2

Aligning Advanced SPM Solutions with Business Objectives Creates High-performing Sales Teams

SPM solutions can aid enterprises in streamlining and improving sales performance, directly impacting the bottom line, finds Frost & Sullivan

SANTA CLARA, Calif., Sept. 14, 2021 — The twin tasks of tracking the performance of sales representatives and ensuring accurate compensation have become more challenging than usual due to remote working. In this scenario, technologies that offer transparent sales performance management (SPM) can be game-changers. Novel SPM software solutions that leverage AI and machine learning to enable administrator and design, executive and finance, and payee and manager functions can directly influence bottom lines.

Frost & Sullivan’s latest Executive Brief, SPM/ICM Solution Providers — "What Their Clients Are Saying About Them!" discusses the value of SPM solution capabilities and how solution providers can leverage them to best meet their client’s needs. It also explores the productivity gains and pitfalls to avoid when deploying sales technologies.

To download the complimentary Executive Brief, please visit: http://frost.ly/61j.

"Having a top-tier SPM platform is important, but it is even more important to analyze the organization’s unique business processes and needs before purchasing and implementing any SPM solution," said John Ruggles, Senior Vice President and Americas Regional Leader, Frost & Sullivan. "Working with a specialist in the field that can guide the organization through the entire process—from selection to implementation to training—can make all the difference in sales success, both internally and externally."

"We work closely with our clients to understand their challenges and goals, and ultimately help develop strategies for optimizing their SPM programs," noted Robert Blohm, Senior Partner at OpenSymmetry. "Our proprietary model helps clients understand where they can make improvements through the use of technology and/or processes to better align their SPM programs with their sales goals."

Some additional benefits of partnering with an SPM expert include:

  • Identifying specific sales platform needs and determining the framework that can be best integrated into the organization.
  • Receiving guidance through the research and vendor selection process and implementing the best-fit tools.
  • Aligning both core and advanced SPM platforms and functional capabilities with the organization’s existing infrastructures and tools.
  • Gaining access to the best technology and actionable insights.
  • Achieving greater operational efficiencies and better sales results.

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.

Media Contact:
Priya George,
Corporate Communications, Frost & Sullivan
E: priyag@frost.com

http://ww2.frost.com

About OpenSymmetry
OpenSymmetry enables clients to achieve greater operational efficiency and get better sales results.  OpenSymmetry is a global consulting company specializing in the planning, implementation, and optimization of industry leading technology suppliers of sales performance management solutions.

Media Contact:
Christina Mennen
Marketing Director, OpenSymmetry
E: christina.mennen@opensymmetry.com

www.opensymmetry.com 

 

Related Links :

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Create a Collaborative Organization to Help Manufacturing Companies Deliver Exceptional Customer Service at Every Touchpoint

Security and feedback systems are critical to companies’ CX enhancement efforts, finds Frost & Sullivan

SANTA CLARA, Calif., Sept. 8, 2021 — Remote work, agent shortages, delays in the supply chain, manufacturing, distribution, and, in many cases, rapid business growth have dramatically impacted customer contact organizations across industries. As a result, improving customer experience (CX) has become a top business goal for manufacturing companies across almost every industry. They are increasingly moving beyond "people, process, and technology" to deliver reliable and frictionless CX at every touchpoint.

Frost & Sullivan’s latest virtual ThinkTank, Delivering Frictionless Customer Experience in Manufacturing, discussed what is next in CX and digital transformation as the world begins to recover from the pandemic. It explored the top challenges and ways to help manufacturing companies make the best investment decisions as they continue their digital transformation journey.

To download the complimentary Executive Brief, please visit: http://frost.ly/64z.

"Customers want personalized products, services, and care but are apprehensive about sharing their information for security reasons. Therefore, companies need to be upfront about their security measures and how customer data will be used," said Alpa Shah, Vice President, Customer Experience at Frost & Sullivan. "In addition to security, companies must constantly improve processes, train employees to improve skill sets, and provide the tools necessary to empower them to deliver exceptional CX."

"Although companies have been disrupted and have an immediate need to integrate across the entire supply chain, many have multiple systems on the back end and do not have a central strategy," noted Brian Remmel, General Manager, Business Applications at Microsoft. "We traditionally look at CX as a front-office issue. The reality is that CX is impacted by the front office, the back office, all the way through the entire customer journey. The best way to provide an incredible CX is to deliver an exceptional employee experience because it is your employees that are servicing customers."

It is clear that to succeed in an altered marketplace, manufacturing companies will have to offer differentiated CX by:

  • Becoming a customer-first manufacturer: Establish an effective feedback loop from customers, marketing and sales, and research and development. With access to easy-to-use analytics, companies will truly understand their customers’ needs and address them.
  • Building trust and loyalty with customers: Customers are more willing to share their data if they have control over it. Companies need to help them realize benefits such as convenience and anytime-anywhere access.
  • Unlocking new service revenue streams through connected devices: Connected devices allow companies to be predictive rather than reactive by knowing what is going to fail in the manufacturing process, preventing problems from ever occurring, and prolonging the life of critical assets. More importantly, technology can reduce the cost to serve customers by offering self-serve capabilities.

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.

Media Contact:

Priya George,
Corporate Communications, Frost & Sullivan
E: priyag@frost.com

http://ww2.frost.com

 

Related Links :

http://www.frost.com

‘Live Revival’ Sees Fitness Fans Flock Back to Facilities, Finds New Les Mills Report

Les Mills 2021 Global Fitness Report spotlights how the world will work out post-pandemic, with live workouts and "Omnichannel Fitness" tipped to prevail.

LONDON, Sept. 7, 2021

Key findings:

  • Gyms worldwide making strong recoveries, with class attendances at 120% of pre-COVID levels in markets where restrictions have lifted.
  • Two-thirds of gym members prefer working out with others as opposed to alone, with live fitness classes cited as the most popular offering at the gym.
  • Live classes at the gym are more than twice as appealing as livestream options at home, with live Instructors and "the energy of the group" both key factors.
  • But COVID legacy will live on, with 80% of gym members planning to continue using digital workouts post-pandemic in addition to live workouts.
Despite fears the COVID-inspired home fitness boom would spell the end for fitness facilities, the report finds gyms worldwide making strong recoveries since reopening.
Despite fears the COVID-inspired home fitness boom would spell the end for fitness facilities, the report finds gyms worldwide making strong recoveries since reopening.

Gyms around the world are set for a roaring recovery as they emerge from the pandemic, with fitness fans eager to get back to live workouts with friends.

That’s according to a major new report that charts a global ‘live revival’, with fitness fans flocking to facilities for greater motivation and social connection after months of solitary home workouts.

The Les Mills 2021 Global Fitness Report – which features insights from 12,157 consumers across five continents – explores how the pandemic has changed our fitness habits and spotlights the trends that will shape our workouts in years to come.

Despite fears the COVID-inspired home fitness boom would spell the end for fitness facilities, research suggests the majority of members are rushing back to their gym. The report finds gyms worldwide making strong recoveries since reopening, with class occupancy at 120% of pre-COVID levels in markets where capacity restrictions have lifted.

After a year of enforced home workouts, appetite for live fitness experiences in groups is soaring, with 85% of gymgoers interested in trying live classes in their facility.

Two-thirds of gym members (67%) say they prefer working out in groups, while live classes in gyms are nearly twice as popular as online classes that are livestreamed (done by 44% of members vs 23%).

Rockstar Instructors are identified as the single most important factor for gymgoers when choosing a live class, favored by 28%, ahead of the quality of music (24%) and type of class (21%). Quality Instructors are cited as a key component of the live revival, meeting strong consumer demand for added motivation and deeper connection in their workouts.

"After months of being stuck at home, people can’t wait to get back to fitness facilities and enjoy their favorite workouts with familiar faces," says Phillip Mills, Les Mills Founder and Executive Director.

"Much like bars, restaurants, and sports events, fitness is experiencing a real ‘live revival’, as people make up for lost time with a renewed appreciation for real-world social settings.

"Many people have missed the thrill of a busy class led by a rockstar Instructor, and the extra motivation from working out with others.

"But that doesn’t mean home workouts will disappear as we emerge from the pandemic. The digital fitness boom and the growth of home working mean consumers are taking an omnichannel approach to their training, mixing thrilling live workouts at the gym with the convenience of digital workouts at home."

The impact of the pandemic on the fitness landscape is evident throughout the report. The digital fitness boom looks set to last, with 80% of gym members planning to continue using digital workouts post-pandemic.

‘Omnichannel Fitness’ – a blend of in-gym and digital home workouts – is tipped to gain traction as we emerge from the pandemic, with the majority of exercisers (59%) favoring a 60:40 split between gym and home workouts.

Access the full report: https://www.lesmills.com/global-fitness-report/

Media requests: press@lesmills.com

About Les Mills

Les Mills is the global leader in group fitness and creator of 20 programs including BODYPUMP™ and BODYCOMBAT™. Les Mills workouts are delivered by 140,000 certified instructors in 21,000 gyms across 100 countries, as well as via the LES MILLS™ On Demand streaming platform. The company was founded by Les Mills – a four-time Olympian and head coach of New Zealand’s track and field team – who opened his first gym in 1968 to bring elite sports training to the masses.

 

“Home Funding” is the least considered among retirement and education, but prepared cost is highest, averagely 21.19 million JPY in Japan


TOKYO, Sept. 7, 2021 — A result of survey was announced by one stop real estate platform service "RENOSY" provided by GA technologies Co.,Ltd. (Headquarters: Minato City, Tokyo; CEO: Ryo Higuchi; Securities Code: 3491; "the Company") regarding "Financial Assets Plans & Housing" among families with annual income of more than 10million JPY with children under schooling age living in major districts of Tokyo.

According to the research, "home funding" is the least considered among "retirement fund" and "educational fund", although these funds together are said to be the 3 major funds in life in Japan. "Lack of adequate knowledge regarding this field" is the answer that has being most frequently answered as the reason. On the other hand, however, home funding costs the most among the 3 major funds when it comes to preparation. People who are planning about spending on real estate usually see it as an investment for oneself and tend to pay more attention to the market price of the real estate property itself and the timing for sell.

Along with the research result, we are looking for providing a more sophisticated service that integrates online and offline elements together for a more elaborate customer service of RENOSY. We want to make experience regarding real estate less complicated by solving all kinds of issues and concerns customer may have (*2).

Research on Attitudes of Asset Building and Housing in JAPAN
Research on Attitudes of Asset Building and Housing in JAPAN

[ Result Summary ]
1."Home funding" is the least considered among the 3 major funds in a person‘s life
2."Lack of adequate knowledge" is the most frequented given answer as a reason
3."Home funding" average preparation fund cost is 21.19 million JPY
4.People who are planning to spending on housing, tend to pay more attention to its market value as an investment and the timing for sell

Outline of the research

Research period: July 19, 2021July 21, 2021
Research method: Online questionnaire
Research target: families with annual income of more than 10million JPY with children under schooling age living in major districts of Tokyo. / Both male and female / Age 25 – 45 / Total 550 people

Details

1. "Home funding" is the least considered among the 3 major funds in a person‘s life

"Retirement", "education", "home" funds are said to be the 3 major funds in life.  While more than half of the people being researched answered positively of making plans about "retirement" and "educational "funds. However, there are 27.1% answered with "No plan" when it comes to "home". Together with the people who answered with "Considered, however have not taking any initiative yet" which accounts for 40% of the total.


2. "Lack of adequate knowledge" is the most frequented given answer as a reason

The reason that has been given most frequently of why people tend to skip the planning for home funding, is because of "Lack of sufficient knowledge" which accounts for 27%, followed by "Having savings in the bank is enough for me" which is 22.3%. Other reasons such as "Already own a real estate property", "Already have a plan for housing loan", "No further plan for buying a new house" etc. are also given.

3. "Home funding" average preparation fund cost is 21.19 million JPY

When being asked about the specific amount of fund prepared for housing among people who answered positively, the number rounded up with an average of 21.19 million JPY which is also the highest among the 3 categories.


4. People who are planning to spending on housing, tend to pay more attention to its market value as an investment and the timing for sell

From the result of the research, people who are planning about buying a house of their own tend to view the property as an investment and showing higher interests in the price value of the property and the timing for sell compared to those who are not making any plans regarding purchasing a house.

(4-1) When being asked about "Whether if you prefer to be able to keep up with the assessment information about your owned property (*3)?" 62.5% of people who are making financial plans for housing answered, "Very much", "Do think about that" compared to 32.6% of people who do not have any plans regarding purchasing a house.

(4-2) When it comes to the question where "Are you interested in using AI to do a simulation of the assessment on the property you currently owned (*3)?" 61% of people who are making financial plans for housing answered, "Very much", "Do think about that" compared to 30.5% of people who do not have any plans regarding purchasing a house.

(4-3) While when being asked about "Are you interested in selling the property you owned(*3) with a price other than the one being calculated and suggested by AI simulation?" 40.1% of people who are making financial plans for housing answered, "Very much", "Do think about that" compared to 17.4% of people who do not have any plans regarding purchasing a house.

(*1) The so called 3 major funds in a person’s life is as followed: "Home funding", "Retirement fund" and "Educational fund"

(*2) Related press release: RENOSY: Checking up your property’s market price by AI assessment and more on RENOSY (https://www.ga-tech.co.jp/news/10067/)

(*3) Property purchased not by oneself also included

About RENOSY OWNER‘S MY PAGE
This is an exclusive service for RENOSY members (Memberships are FREE). By applying AI technology, we make all the information such as " estimated market price", "estimated price for rent" and the fluctuations visualizable. Users who are planning about selling or renting the property could access the information on "OWNER’S MY PAGE". On the other hand, for those of whom are interested in real estate investment can check up the latest updates about live streaming announcements about assets management and property investment as well as scheduling appointments with our agents. We offer our customers the most useful information that suits with one’s needs and condition.

About RENOSY
RENOSY is a comprehensive one-stop real estate platform provided by GA technologies under the concept of "making house hunting and assets management easier". With the business vision of "inspiring the world with the power of technology and innovation". The purpose of RENOSY is to make everything about real estate easier for consumers in the field of "rent", "buy", "sell", "lease", "renovate" or "invest", and we provide these services in one-stop. Currently, we have about 20,0000 registered members, and more than 15,0000 existing properties in the center of Tokyo available on our website. GA technologies is working on helping to accelerate the digital transformation of the industry, and to provide a better customer experience through both online and offline.
– Data of the number of RENOSY members: by June 2021 / Data of the number of properties available on the website: by October,2021

About GA technologies
Company: GA technologies Co., Ltd.
Representative: Ryo Higuchi
URL: https://www.ga-tech.co.jp/en/ 
Head office: 40F of Sumitomo Fudosan Roppongi Grand Tower, Roppongi 3-2-1, Minato District, Tokyo
Year of founding: March 2013
Capital fund: 72,859,98310 JPY (As of July 2021)
Services:

  • PropTech real estate services platform: RENOSY (Portal media, Real estate agent service, real estate dealing, renovation service, property management)
  • SaaS type of BtoB PropTech products development
  • Data research and analysis using AI
  • Overseas real estate platform service targets at the Greater China area: Shenjumiausuan, overseas PropTech business

Major group companies: ITANDI, Inc, Modern Standard Co, Ltd., Shenjumiausuan Co.,Ltd and other 8 companies