The Real Power for Real People dissemination campaign has impacted millions of consumers and showed the "real power" of nuts and dried fruits and its connection to "attitudinal immunity".
REUS, Spain, April 22, 2021 — Launched on October 27, 2020, the Real Power for Real People messaging focused on the concept that consuming nuts and dried fruits provides your body with the "real power" needed to face everyday challenges and be immune to everything. The campaign will be expanded during 2021/2022 to reach new audiences and build on the Real Power for Real People concept.
The campaign’s main video, which encourages consumers to add nuts and dried fruits to their daily diet, received over 1,750,000 views on YouTube. The INC also partnered with 30 social media influencers from 17 countries around the world, utilizing their more than 7,000,000 combined followers to further spread the message. In total, influencer posts garnered over 1,500,000 interactions and the campaign’s hashtag #ShareYourNutfruitPower gained over 330 publications.
Moreover, the INC developed a toolkit which enabled INC members to join in and share the Real Power for Real People concept in their own markets. Over 80 INC members signed up to help to spread the goodness of nuts and dried fruits.
INC Executive Director, Goretti Guasch said of the campaign, "Immunity has been pushed to the forefront of all conversations due to the COVID-19 pandemic, and I am thrilled to see the success this campaign has had in positioning nuts and dried fruits as a healthy option for consumers. We are looking forward to what next year will bring and how we can expand on this message."
About the INC
The INC is the international umbrella organization for the nut and dried fruit industry. Its members include more than 850 nut and dried fruit sector companies from over 80 countries. INC membership represents over 85% of the world’s commercial "farm gate" value of trade in nuts and dried fruits. The INC’s mission is to stimulate and facilitate sustainable growth in the global nut and dried fruit industry. It is the leading international organization on health, nutrition, statistics, food safety, and international standards and regulations regarding nuts and dried fruits.
Enterprises are evaluating the benefits of fixed versus usage-based network services to align with pay-as-you-go cloud-based services
SANTA CLARA, Calif., April 22, 2021 — Frost & Sullivan’s recent analysis finds that continued demand for bandwidth and cloud connectivity needs are sustaining Ethernet demand in the United States business markets. Market maturity, downward pricing pressure, and lack of sustained demand for point-to-point Ethernet services with SD-WAN (software-defined wide area network) will result in the market dropping from $6.35 billion in 2021 to $5.94 billion by 2024. COVID-19 has forced many enterprises to alter their strategies, while some have decided to hold off on making network purchase decisions, others invested in site upgrades because there was a demand for increased bandwidth. This study presents key trends, market revenue and ports forecasts, a market share analysis, and growth opportunities. It is segmented by transport distance (metro versus long haul) and service type (dedicated or port-based services versus switched or VLAN-aware services).
ethernet
For further information on this analysis, Business Carrier Ethernet Services Market Update, United States, please visit: http://frost.ly/5i5
"Although the market is declining, there is still demand from enterprises that consume Ethernet services for their flexibility, scalability, and reliability," said Gina Sanchez, Industry Principal, Frost & Sullivan. "There will be a sustained call for switched services (Ethernet virtual private line (EVPL) services, in particular) since companies benefit from purchasing a single user network interface (UNI) port and creating multiple Ethernet virtual circuit (EVC) to share the bandwidth among different applications."
Sanchez added: "The adoption of Ethernet by enterprises to connect to cloud-based applications is driving the demand for dynamic bandwidth capacity on Ethernet networks. Enterprise users are evaluating the benefits of fixed versus usage-based network services to align with pay-as-you-go cloud-based services. Therefore NSPs are increasingly shifting from selling fixed bandwidth services to dynamic bandwidth options using SDN technologies."
Market participants should closely look at the following growth opportunities:
Support for Continued Demand for Bandwidth: As enterprises seek higher-capacity ports to support the growth in bandwidth-hungry applications, network service providers (NSPs) must offer speed configurations, ensuring the service’s reliability through strong service-level agreements (SLAs) and performance management solutions that build customer trust.
Cloud Connectivity and Cloud Services: As companies focus on network performance and reliability, NSPs must provide flexible and scalable approaches to Ethernet services. Expanding footprint and network is also important.
Focus on Customer Experience: Metro Ethernet Forum (MEF)-defined products are a basic feature, and network service providers should focus on the customer’s digital experience to differentiate their offerings (portals, systems, and processes).
Leverage Dynamic Ethernet Services: Service providers should give customers greater control over their network and bandwidth efficiency. Dynamic Ethernet, or bandwidth on demand, is important.
Business Carrier Ethernet Services Market Update, United States, 2020 is the latest addition to Frost & Sullivan’s Information and Communication Technology research and analyses available through the Frost & Sullivan Leadership Council, which helps organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future.
About Frost & Sullivan
For six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion
Business Carrier Ethernet Services Market Update, United States, 2020
With new data gathered from over 2,000 IT professionals worldwide, the report shows the continued adoption of DevOps must be supported through a learning organization and the continuous development of multi-faceted, skilled DevOps professionals
BOCA RATON, Fla., April 21, 2021 — DevOps Institute, a global professional association for advancing the human elements of DevOps, today announced the release of the "Upskilling 2021: Enterprise DevOps Skills Report." In its third year, the report examines DevOps hiring trends around the globe within enterprise IT organizations of all sizes. In addition to DevOps roles, the report examines the top skill domains and associated must-have skills within these domains, which are essential for a successful DevOps journey. Data in the 2021 report is based on research gathered from an open survey of more than 2,000 respondents from organizations of all sizes around the world.
Infographic Source: DevOps Institute, ‘Upskilling 2021: Enterprise DevOps Skills Report’. Learn more at https://devopsinstitute.com/.
"DevOps Humans remained in-demand, despite a global pandemic that upended our ways of life and business," said Jayne Groll, CEO of DevOps Institute. "This is a testament to the importance and value of DevOps transformations at companies across industries and around the globe. The findings in the 2021 Upskilling Report give us clarity into the evolution of DevOps Humans and how IT organizations will shape their talent-based structures in 2021 and beyond."
The research and data analysis was led by DevOps Institute’s Chief Research and Content Officer, Eveline Oehrlich, with support from Platinum Sponsor, GitLab; Gold Sponsors, CloudBees and The LLPA; Bronze Sponsors, Tricentis and HCL Software; and Media Sponsor, MediaOps.
Key Findings from the ‘Upskilling 2021: Enterprise DevOps Skills Report’ include:
Stop talking about being a learning organization and start acting. Seventy percent of survey respondents said that a learning organization was a predominant model–the DevOps way of working–while 45 percent leaned toward a safety culture. And, while 39 percent of IT teams are still struggling with a defined and systematic upskilling program, 52 percent of organizations already have a formally designed upskilling program or are currently developing one.
Hiring for DevOps initiatives is high. COVID-19 has not stopped the hiring of DevOps roles. Sixty percent of organizations are recruiting now or in the future.
Capabilities and skill development must go hand in hand. DevOps teams must assess which critical capabilities they can perform or not, across key areas. But capabilities must be supported with skilled DevOps Humans. Upon examining the priority domain skill categories, the survey data shows that the essential combination of skills for a successful DevOps human are across the automation, human, technical, functional, process and framework knowledge skill domain categories.
Pressure continues to force old IT operating models to change. As new forms of hybrid computing are on the rise, it gives application developers more freedom to choose tools and programming languages. As this increases, IT operations teams not yet practicing DevOps feel more pressure to embrace DevOps.
Value Stream Management (VSM) skills are seen by 39 percent of respondents as a must-have skill within the process and framework skill domain. DevOps and Agile practices have been adopted to innovate and create more iterative approaches for software development and delivery. However, the value must come through the customer lens. This is where VSM comes in. In simple terms, understanding and examining value streams of software being delivered end-to-end enables teams to make complex processes visible and provides the ability to pivot towards further value improvement.
The adoption of Site Reliability Engineering (SRE) as an operating model is 22 percent in 2021 compared to 15 percent in the previous year. SRE is needed to continue automation and reduce toil. Forty-seven percent of the survey respondents voted SRE skills as a must-have skill in the process and framework skill domain this year compared to 28 percent in the previous year’s survey.
DevSecOps is a key trend. Security is integral to protect the business and enforce internal and external policies of the company. DevSecOps makes security an equal consideration alongside development and operations. According to survey participants, DevSecOps achieved a must-have percentage vote of 56 percent in the automation tool category.
New models such as DataOps and ModelOps are showing up. DataOps was voted by 27 percent as a must-have skill domain in the automation tool skill domain, whereas ModelOps received 22 percent. These new models are shaping the ongoing iterations of DevOps operating models.
DevOps Engineers are the most in-demand job title this year. It represents 53 percent of recently recruited DevOps positions. The DevOps engineer’s responsibility might differ from company to company, but all should be engaged in upskilling themselves and their teams.
"Our research shows that the future of DevOps at any organization is dependent upon the breadth and depth of capabilities and the supporting skills of the team members and within the team," said Oehrlich. "A successful DevOps journey (actually any journey) has the DNA of a learning organization which means there is a commitment of continuous learning across all layers and players. Team members have changed their mental models to look at different views working in a collective and collaborative team. For example, problems and mistakes are opportunities to learn. This ability to continuously learn enables individuals and teams to work better together across boundaries regardless of process, team or technology boundaries. This mental continuous learning model will take time to develop, adapt and apply. Still, each individual can bring their skills and abilities to shape the bigger collective effort of DevOps. For everyone in IT, this is an exciting time to unlock your power, abilities and skills to accelerate your DevOps journey and that of your team and company. DevOps Human readiness and organizational learning must take on new importance now and in this next normal."
DevOps Institute Membership DevOps Institute now offers a tiered professional membership model. Membership levels include Basic, Premium, Government/Nonprofit, Educator, and Enterprise Membership options, with Student and In-Transition member tiers to follow. DevOps Institute Professional Membership offers exclusive access to leading DevOps resources, discounted certification exams, DevOps capability assessments, premium content, discounted DevOps simulation experiences, members-only networking opportunities, career center access, and more. Join or learn more at https://devopsinstitute.com/membership
Share This: New Findings! The @DEVOPSINST Upskilling 2021: Enterprise DevOps Skills Report is now live! Download it to discover the latest trends for the #HumansofDevOps: http://bit.ly/PRUpskilling21
About DevOps Institute DevOps Institute is a professional member association. Our mission is to advance the human elements of DevOps.
We create a safe and interactive ecosystem where members can network, gain knowledge, grow their careers, lead and initiate, and celebrate professional achievements.
We inspire thought leadership and knowledge by connecting and enabling the global member community to drive human transformation in the digital age.
– Sixty-five percent of Asia-Pacific respondents indicated that they expect to exceed goals and expectations for 2021, compared to 46% for UK and 47% for North America
– Almost all (94%) of respondents from Asia Pacific have a growth strategy involving expansion into countries where they do not currently operate
– Eighty-three percent of Asia-Pacific respondents said the global pandemic has altered their views on hiring and workforce management, and 89 percent altered their views on a remote work model
– Forty-eight percent of Asia-Pacific respondents said they will attract new talent confined to where they are based while 43 percent said they will attract new talent unbound by geographic restrictions
SINGAPORE and SYDNEY, April 14, 2021 — A large majority of CFOs around the world are planning to expand operations into new countries in 2021 to achieve their long-term growth strategies, according to a recent survey by CFO Research and Globalization Partners. The survey also uncovered changing perceptions about hiring and remote work because of their pandemic experiences, with respondents saying they want to attract talent that is unbound by the geographic restrictions of their company’s operating model.
The February 2021 survey of chief financial officers, chief executive officers and other senior finance executives also cites a common theme that they are prioritising the need to build resiliency and although optimistic, disclose that their businesses are still stabilising and in recovery.
Optimism towards organisational performance in 2021 varies across the regions. Asia-Pacific (APAC) CFOs are more optimistic about success in 2021 than their counterparts in the UK and North America. Sixty-five percent of APAC respondents indicated that they expect to exceed goals and expectations in 2021, compared to 46 percent for UK and 47 percent for North America.
"The ongoing rollout of COVID-19 vaccines, investments flowing into the region, and momentum gained as companies accelerated their digital investments during the pandemic – all these are contributing to positive sentiments toward business in 2021," said Charles Ferguson, General Manager, Asia Pacific, Globalization Partners. "With the ongoing shift in the global supply chain and a renewed focus of the US, UK and EU to grow alliances with APAC markets, there is an abundance of opportunity to expect from this region."
Key data from the survey found:
CFOs are taking a global view within their hiring approaches. * Asked to describe their hiring strategy over the next 12 to 18 months as, 48 percent of APAC respondents say they will attract new talent where they are based while 43 percent say they want to attract new talent that is unbounded by the geographic restrictions of their company’s operating model. * APAC CFOs have a high degree of interest in tapping into a more cost-effective, global talent pool—a concept favoured by half of those surveyed –and capturing market share through global expansion, which is favoured by 61 percent.
CFOs have altered workforce management strategies. * Seventy-four percent of the survey respondents in APAC anticipate operating remote and/ or hybrid workforce models in the next 12 to 18 months. * Eighty-three percent of executives also say the COVID-19 pandemic fundamentally altered the way they think about hiring and workforce management and 89 percent say it altered how they consider remote employees or the work-from-anywhere model.
CFOs are deeming global expansion as a top priority in the next 12 to 18 months. * "Implementing a strategy for global expansion and presence" was deemed a top priority in the next 12 to 18 months for 52 percent of APAC executives, compared to 38 percent of the EMEA executives and 36% percent of the North American executives. * Fifty-five percent of the APAC CFOs that are expecting to achieve their goals in 2021 are already engaging a global PEO, while 25 percent plan to use a global PEO within one year to support their international business strategy and 17 percent plan to engage a global PEO within three years.
Survey Methodology The survey, conducted by CFO Research of Industry Dive, polled 215 senior finance executives at companies in North America, the United Kingdom, the Asia-Pacific region, and the Europe/Middle East/Africa region. Most of the companies represented had annual revenues of $1 billion or more.
About Globalization Partners Hire anyone, anywhere, quickly and easily. Use our AI-driven, automated, fully compliant global Employer of Record platform powered by our in-house worldwide HR experts. Leave the complexities of global employment to the named industry leader that consistently attains 97% customer satisfaction ratings. With Globalization Partners, you can succeed faster.
Globalization Partners: Breaking Down Barriers for Everyone, Everywhere
For the first time, Crypto.com shares transaction data for its Visa Card, showing strong growth in overall user spending, especially for online purchases and cross-border transactions
HONG KONG, April 1, 2021 — Today, Crypto.com released its Consumer Spending Insights Report for 2020, which details spending trends and data for its Visa Card—the most widely-available card of its kind in the world. The first look into spending trends for the Crypto.com Visa Card, the report found that overall spending per user in 2020 grew 55% YoY, with a 117% increase in online spending relative to overall spending growth, notably for the categories of housing, household goods, groceries, and cross-border transactions. Cardholders shopped with merchants in 143 countries, nearly half of which are in the U.S. (24%) or in the UK (23%). The report reveals strong overall growth for the card, and significant changes in user spending habits resulting from the pandemic.
As the pandemic began spreading globally early last year, spending with the Crypto.com Visa Card followed a similar trajectory to the OECD’s Consumer Confidence Index (see chart below), with drops in both occurring in the first four months of 2020. As consumer confidence returned (yellow line), Crypto.com Visa Card spending per user (blue line) recovered quickly, ending the year with 55% more spending than 2019.
Among all spending categories for the Crypto.com Visa Card in 2020, groceries saw the most growth, increasing from 17% to 20% during the year. Meanwhile, the share of spending on restaurants and transportation fell below 10% (see chart below).
Spending habits were also impacted by border restrictions and quarantine measures, as billions of people were forced to limit travel and in-person activities. Compared to overall growth, housing and household goods spending rose 47% in 2020, while spending on hotels and dining fell behind with -21% growth.
Additionally, 2020 spending on travel, dining, and ticketing all saw significantly negative growth, with ticketing experiencing the worst decline at -50% since 2019.
Online vs. In-Store
Overall, online spending with the Crypto.com Visa Card grew 117% relative to overall growth. Despite the pandemic, in-store spending also rose, but by a more moderate 33%, indicating an overall increase of card usage for a wide range of purchases.
The Crypto.com Visa Card Consumer Spending Insights Report for 2020 also looks at top food delivery platforms and supermarkets/department stores by region:
Region
Top Food Delivery Platforms
Top Supermarkets & Department Stores
UK & Europe
Uber Eats, Just Eat, Deliveroo
Lidle, Tesco, Aldi
North America
DoorDash, Uber Eats, Instacart
Walmart, Kroger, Publix
APAC
GrabFood, foodpanda, Uber Eats
Woolworths, FairPrice, Aldi
Kris Marszalek, Co-founder and CEO of Crypto.com said: "As our Crypto.com Visa Card availability continues to expand globally, so too are the ways in which people are using it. This granular spending data gives tremendous insight into where, how, and for what purchases the card is being used globally, and reveals significant spending behavioral changes driven by the pandemic. We’re excited by the diversity of transactions shown in the data, as crypto continues its mainstream push and as we continue to expand what is already the most widely available card of its kind into more markets."
First introduced in Singapore in 2018, the Crypto.com Visa Card is the largest Visa card program of its kind, and is currently available in the U.S., Canada, 31 countries in Europe, and the APAC. Last month, Crypto.com expanded its partnership with Visa, which granted the company Visa principal membership. This new partnership enables Crypto.com to begin direct issuance of its card in Australia, and allows the company to have a direct relationship with cardholders. Crypto.com plans to scale its card program to many more markets around the world, and began offering virtual cards in Europe this month, so users can start spending without waiting for their physical cards to arrive.
About Crypto.com
Founded in 2016, Crypto.com today serves over 10 million customers with the world’s fastest growing crypto app, along with the Crypto.com Visa Card — the world’s largest crypto card program — the Crypto.com Exchange and Crypto.com DeFi Wallet. Recently launched, Crypto.com NFT is the premier platform for collecting and trading NFTs, curated carefully from the worlds of art, design, entertainment, sports.
Crypto.com is built on a solid foundation of security, privacy and compliance and is the first cryptocurrency company in the world to have ISO/IEC 27701:2019, CCSS Level 3, ISO27001:2013 and PCI:DSS 3.2.1, Level 1 compliance, and independently assessed at Tier 4, the highest level for both NIST Cybersecurity and Privacy Frameworks.
Crypto.com is headquartered in Hong Kong with a 1,000+ strong team. Find out more by visiting https://crypto.com
Seven Chinese cities emerge among the top 50 smart city governments worldwide
SINGAPORE, March 31, 2021 — Seven Chinese cities – Shanghai, Beijing, Chengdu, Shenzhen, Hangzhou, Guangzhou, and Chongqing – clinched spots in the second edition of the Top 50 Smart City Government rankings released by Eden Strategy Institute.
Four of these cities – Chengdu, Chongqing, Guangzhou, and Hangzhou – are new entrants into the Top 50, signifying the rapid pace of urbanisation, technological growth, and smart city development within the country.
The Top 50 Smart City Government ranking focuses on the role of city governments in driving smart city development. The study aims to shed light on the importance of strategy, leadership, people-centricity, policies, ecosystem, incentives, and talent in determining the success and effectiveness of technologies deployed in smart cities, moving beyond evaluating the efficacy and outcomes of technological solutions applied by cities.
More than 230 cities were evaluated and examined by Eden, with city governments invited to submit supporting details, reports, and outcomes of their smart city strategies in a global-wide Call for Proposals during the study. Interviews were then conducted with smart city officials to validate facts and gather more in-depth insights about their unique challenges and pathways in smart city building. The information collected through extensive research by Eden, the Call for Proposals, and the interviews with smart city officials were then used to holistically assess cities.
"Top smart city governments in the 2020/2021 rankings were able to collaborate and partner with public and private sector stakeholders; use digital solutions and data to deliver services and make decisions; all while considering implications on inclusion and citizen trust", says Mr. Calvin Chu Yee Ming, Managing Partner at Eden Strategy Institute.
The 2020/2021 edition also highlights a regional showcase of emerging smart cities which were not featured in the Top 50 rankings. "We also wanted to celebrate how other smart cities across the region excelled in a particular aspect, including their unique and creative efforts to launch smart city initiatives within their city, even though they were not part of the Top 50," explains Mr. Chu.
One of the most distinct elements of Chinese governments’ smart city strategies is the large focus on talent development, with city governments expending significant efforts to attract and retain top talent within their cities to drive smart city innovation and to increase technological competitiveness.
Singapore emerged top in the rankings alongside Seoul, London, Barcelona, and Helsinki; cities which were not only advanced in terms of technologies adopted throughout the city, but in their government’s efforts to bring the city population along their digitalisation journey. Globally, eighteen new cities were welcomed into the Top 50 list, including cities such as Tallinn, Oslo, and Moscow.
Top 50 Smart City Government Rankings
Rank City
Rank City
Rank City
Rank City
Rank City
1. Singapore
2. Seoul
3. London
4. Barcelona
5. Helsinki
6. New York City
7. Montreal
8. Shanghai
9. Vienna
10. Amsterdam
11. Columbus, Ohio
12. Tallinn
13. San Francisco
14. Moscow
15. Beijing
16. Chengdu
17. Tel Aviv
18. Sydney
19. Taipei
20. Melbourne
21. Hamilton, New Zealand
22. Tokyo
23. Berlin
24. Milan
25. Shenzhen
26. Dublin
27. Oslo
28. Bandung
29. Hangzhou 30. Busan
31. Adelaide
32. Boston 33. Wellington
34. Dubai
35. Copenhagen
36. Guangzhou
37. Seattle
38. Frankfurt
39. Philadelphia
40. Los Angeles
41. Hong Kong
42. Chicago
43. Christchurch
44. Vancouver
45. Zurich
46. The Hague
47. Rotterdam
48. Lisbon
49. Chongqing
50. Stockholm
The rankings this year also revealed several smart city trends and insights. An increasing number of cities have prioritised environmental sustainability in their agenda, recognising the importance and urgency of addressing the effects of climate change.
The full report, including detailed feature articles covering topics such as COVID-19, sustainability, data privacy, financing, and social inclusion; city as well as regional highlights; and detailed scores, is available for download on www.smartcitygovt.com.
About Eden Strategy Institute
Eden Strategy Institute is a strategy consulting firm specializing in Business System Innovation. We approach the global issues of urbanization, disease, poverty, illiteracy, and exploitation by formulating strategies, models, processes, and products that help our clients create, realize, and sustain their economic impact. Eden plans and sets up industry blueprints, facilitates co-creation workshops, forecasts and evaluates the impact of policy interventions. We have supported governments and corporations to successfully bring Smart City innovations to market using qualitative and quantitative research, engineering, business planning, partnerships, and impact assessment. Our Practice Areas include Smart Cities, Education Innovation, Healthcare, Social Enterprise, and the Emerging Middle Class.
MILPITAS, Calif., March 22, 2021 — The global semiconductor materials market grew 4.9% in 2020 to $55.3 billion in revenue, surpassing the previous market high of $52.9 billion set in 2018, SEMI, the global industry association representing the electronics manufacturing and design supply chain, reported today in its Materials Market Data Subscription (MMDS).
Wafer fabrication materials and packaging materials revenues totaled $34.9 billion and $20.4 billion, respectively, in 2020 for year-over-year increases of 6.5% and 2.3%. The photoresist and photoresist ancillaries, wet chemicals, and CMP segments accounted for the strongest growth in wafer fabrication materials, while the packaging materials expansion was driven by organic substrates and bonding wire market growth.
For the eleventh consecutive year, Taiwan, at $12.4 billion, was the world’s largest market for semiconductor materials on the strength of its large foundry capacity and advanced packaging base. With its aggressive capacity build-up, China surpassed Korea to claim the second spot. Both MainlandChina and Taiwan registered stronger growth, while the South Korea, Japan and ROW markets also expanded. The North America and Europe markets saw declines due to the COVID-19 pandemic.
2019 and 2020 Regional Semiconductor Materials Markets (US$ Billions)
Note: Summed subtotals may not equal the total due to rounding. * The ROW region constitutes Singapore, Malaysia, Philippines, other areas of Southeast Asia and smaller global markets. ** 2019 data have been updated based on SEMI’s data collection programs.
The Materials Market Data Subscription (MMDS) from SEMI provides annual revenue with 10 years of historical data and a two-year forecast. The annual subscription includes quarterly updates for the materials segment and reports revenue for seven market regions (North America, Europe, Japan, Taiwan, South Korea, MainlandChina and ROW). The report also features detailed historical data for silicon shipments and revenues for photoresist, photoresist ancillaries, process gases and lead frames.
For more information or to subscribe, please contact the SEMI Industry Research and Statistics Group at mktstats@semi.org.
About SEMI
SEMI® connects more than 2,400 member companies and 1.3 million professionals worldwide to advance the technology and business of electronics design and manufacturing. SEMI members are responsible for the innovations in materials, design, equipment, software, devices, and services that enable smarter, faster, more powerful, and more affordable electronic products. Electronic System Design Alliance (ESD Alliance), FlexTech, the Fab Owners Alliance (FOA) and the MEMS & Sensors Industry Group (MSIG) are SEMI Strategic Technology Communities, defined communities within SEMI focused on specific technologies. Visit www.semi.org to learn more, contact one of our worldwide offices, and connect with SEMI on LinkedIn and Twitter.
Association Contact
Michael Hall/SEMI Phone: 1.408.943.7988 Email: mhall@semi.org
Appeal of in-person branch banking fading fast post pandemic
JAKARTA, Indonesia, March 18, 2021 —
Preferred banking customer touchpoints across Asia Pacific – December 2020
Highlights:
54 percent of Indonesian consumers prefer to use digital channels to engage with their bank during financial hardship.
23 percent of Indonesians prefer to communicate via their mobile banking app; 14 percent use telebanking.
35 percent of Indonesians prefer to deal with just one primary bank with a further 39 percent saying that they ‘somewhat agreed’ this was their preference.
A recent survey by global analytics software firm FICO has revealed that 54 percent of Indonesian consumersprefer to use digital channels to engage with their bank during financial hardship. The poll conducted in December 2020, during the height of the global COVID-19 pandemic, demonstrates the willingness of consumers to embrace digital banking and the opportunities that exist for banks to further develop their offering.
The high level of smartphone penetration in Indonesia meant that 23 percent of Indonesians preferred to communicate about hardship using their mobile banking app; 14 percent wanted to use phone banking; 8 percent communicated via email; 7 percent preferred internet banking and 3 percent wanted to use virtual conference technology.
"The risk of infection and social distancing requirements made branch visits less appealing last year, accelerating a shift to digital banking channels globally," said Aashish Sharma, risk lifecycle and decision management lead for FICO in Asia Pacific. "Being able to deliver and manage numerous channels in line with customer preference and deliver a seamless and engaging experience is a challenge that is here to stay. Investment in customer management and communication tools that span these channels and product silos and can deliver personalization and improved decision making is key to making digital banking a success."
Customer attitudes to new technology from banks such as debt collection automation can yield some interesting preferences and behaviors.
"It is worth noting that during periods of hardship, some customers prefer to deal with the issue using intelligent, automated online services, such as our FICO® Customer Communication Services (CCS) so as to avoid the embarrassment of talking to an agent about outstanding loans. If customers prefer digital channels during times of hardship, their most difficult time, it seems to me we can expect branch banking to continue its decline." explained Sharma.
Importance of maintaining banking relationships
Banks still have a data and relationship advantage when compared to fintech challengers. The survey revealed that across Asia Pacific, one in three consumers preferred to have all their banking needs serviced by one bank. In Indonesia this was slightly higher at 35 percent, with a further 39 percent saying that they ‘somewhat agreed’ they would like to deal with just one primary bank.
"Managing multiple bank accounts or finance products with different lenders can often be a complex, time-consuming and costly process for the average banking customer," said Sharma. "Digital banking users today are looking for greater control and visibility of their financial position."
When asked about their willingness to try a fintech or challenger bank, 28 percent of Indonesians said that they were inclined to consider a competitor with a further 41 percent relatively open to the idea.
"To consolidate and strengthen main bank engagement, lenders need to offer digital banking features that compete with the challengers to ensure the stickiness and viability of long-term customer relationships," added Sharma.
Most appealing reasons to switch banks
When asked about the reasons they would make the switch to a competitor, 52 percent of Indonesian consumerssaid their number one reason would be to secure improved personalization and controls in their digital banking service. The poll defined this as the ability to view transaction history, update personal details, reset passwords and other such functions. Interestingly, personalization and control was also the top reason for switching across Asia Pacific (31%).
Other top switching drivers across Asia Pacific were; the ability to control a payment card (set transaction limits, lock/unlock); the ability to set up recurring payments; and improved security features such as biometrics and two-factor authentication.
FICO’s Advancing New Experiences in Digital Banking survey was conducted in December 2020 using an online, quantitative poll of 5,000 consumers across ten countriesand regions carried out on behalf of FICO by an independent research company. The countries surveyed were Australia, Hong Kong, Indonesia, Malaysia, New Zealand, Philippines, Singapore, Taiwan, Thailand and Vietnam.
About FICO
FICO (NYSE: FICO) powers decisions that help people and businesses around the world prosper. Founded in 1956 and based in Silicon Valley, the company is a pioneer in the use of predictive analytics and data science to improve operational decisions. FICO holds more than 195 US and foreign patents on technologies that increase profitability, customer satisfaction and growth for businesses in financial services, manufacturing, telecommunications, health care, retail and many other industries. Using FICO solutions, businesses in more than 120 countries do everything from protecting 2.6 billion payment cards from fraud, to helping people get credit, to ensuring that millions of airplanes and rental cars are in the right place at the right time.
By 2026, the European telehealth market is estimated to witness more than a four-and-a-half-fold growth, garnering $20.7 billion revenue, finds Frost & Sullivan
SANTA CLARA, Calif., March 17, 2021 — Frost & Sullivan’s recent analysis, Innovative Business Models Powering the Telehealth Market in Europe, finds that the severe impact of COVID-19 on the healthcare sector across Europe catapulted the use of telehealth. It ensured efficient access to essential healthcare services for patients with chronic conditions or those requiring acute and urgent care during the pandemic. The healthcare sector shift to the "anytime and anywhere" model in response to the pandemic resulted in a massive surge in the region’s telehealth market. By 2026, the booming market is estimated to witness more than a four-and-a-half-fold growth, garnering $20.7 billion revenue from $4.41 billion in 2019, up at a strong compound annual growth rate (CAGR) of 29.4%.
AI and Cloud to Empower the European Telehealth Market Securing Efficient Access to Essential Healthcare Services
"Rising demand for consumer-centric services and tools in Europe’s healthcare system is leading to the development of new business models," said Chandni Mathur, Healthcare & Life Sciences Senior Industry Analyst at Frost & Sullivan. "Adoption of advanced technologies such as artificial intelligence (AI), virtual reality, blockchain, the internet of medical things (IoMT), wearables, and cloud computing is expected to disrupt the telehealth market. 5G will feature as a key enabler to boost the adoption and effective utilization of these disruptive technologies."
Mathur added: "From a product type perspective, virtual visits will lead the overall telehealth market, registering growth at an astounding CAGR of 41.2% over the forecast period, followed by remote patient monitoring (RPM) at 20.4%. Further, mhealth and personal emergency response systems (PERS) will also contribute significantly to the market, garnering revenue at 27.5% and 7.7% CAGR, respectively."
Telehealth equipment makers, service providers, and technology enablers have an uphill task catering to the pandemic-driven sudden demand, which will require business model revision across the telehealth ecosystem. As a result, telehealth market participants have the following growth opportunities:
Behavioral health: Partner with focused solutions providers and pharma companies to offer digital therapeutic solutions.
RPM for real-world evidence collection: Standardize data collected through RPM devices and mobile apps that record patient-reported outcomes.
Doctor-to-doctor communication: Doctor-patient communication, information exchange, and integration with electronic medical records (EMRs) are expected to be game-changers.
Consumer wearables: Cater to the entire care continuum needs, track basic vital parameters and integrate with health records. The use of consumer wearables has risen, especially as patients become more aware of and involved in their health and wellness journey.
Innovative Business Models Powering the Telehealth Market in Europe is the latest addition to Frost & Sullivan’s Healthcare & Life Sciences research and analyses available through the Frost & Sullivan Leadership Council, which helps organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future.
About Frost & Sullivan
For six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion.
Innovative Business Models Powering the Telehealth Market in Europe
The demand for surveillance technologies such as security cameras and advanced electro-optics, video analytics, RADAR, and LIDARs to intensify, reveals Frost & Sullivan
SANTA CLARA, Calif., March 17, 2021 — Frost & Sullivan’s recent analysis, Digitization and Advanced Analytics Power the Global Security Industry, finds that threats posed by the proliferation of unmanned aerial systems (UAS), frictionless borders, and integrated border stations will expand this industry worldwide. Segmented into three categories—critical national infrastructure (CNI), public safety, and border security—this market is estimated to garner $230.79 billion in revenues by 2030 from $172.4 billion in 2020, an uptick of 3%. Public safety will lead the growth, securing 72.8% market share and generating the highest revenue as the pandemic has led disaster and emergency management forces to spend significantly on situational awareness systems.
"While the COVID-19 pandemic temporarily paused the industry, key investment areas remain unchanged. It opened new avenues of security spending in terms of pandemic response and public safety for the long and short terms," said Himanshu Garg, Industry Principal, Aerospace, Defense & Security Practice at Frost & Sullivan. "Escalating need for niche security solutions, rapid advancements in technology, and budget pressures will drive the industry to innovative revenue models to capture opportunities."
Garg added: "The increasing number of identity theft incidents and security leaks has accelerated the adoption of biometric technology for identity and access control across CNI, public safety, and border security applications. This has further emphasized the deployment of surveillance technologies. As a result, the demand for security cameras and advanced electro-optics, video analytics, RADAR, LIDARs, wearables, and sophisticated sensors is likely to inflate significantly over the forecast period."
To tap the imminent market potential, participants should consider:
Adopting biometric technology for identity and access control, such as facial biometrics in airports, metros, and other public places.
Screening and detection growth opportunities, especially at airports and checkpoints. Create measures that improve safety while reducing the screening time.
Developing evolving technologies, such as behavioral analytics, for tremendous scope in the security industry because analytics has changed the overall dimension of security systems being deployed and used.
Focusing on modern-day emergency management, which relies on end-to-end collaboration, communication, and real-time information sharing between various stakeholders, with opportunities in integrating various emergency communications.
Countering evolving threats such as usage of driverless cars, autonomous drones, etc., as weapons of mass destruction. Law enforcement agencies seek counter-UAS to detect and neutralize unmanned aerial threats and remote weapon stations to guard borders without endangering lives.
Digitization and Advanced Analytics Power the Global Security Industry is the latest addition to Frost & Sullivan’s Aerospace, Defense & Security research and analyses available through the Frost & Sullivan Leadership Council, which helps organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future.
About Frost & Sullivan For six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders, and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion.
Digitization and Advanced Analytics Power the Global Security Industry MF6F-23
