Tag Archives: SVY

PR Newswire

MediaTek Conduct World’s First Public Test of 5G Satellite IoT Data Connection with Inmarsat

Leave a comment

MediaTek’s satellite-enabled Narrowband (NB)-IoT standard chipset tested with base station at Fucino Space Center in Italy using Inmarsat’s ‘Alphasat’ Geostationary Orbit (GEO) satellite

FUCINO SPACE CENTER, Italy, Aug. 19, 2020 — MediaTek is pushing the boundaries of advanced IoT 5G satellite communications with a successful field trial that transfers data through Inmarsat’s Alphasat L-band satellite, in Geostationary Orbit (GEO) 35,000 kilometers above the equator.

The results of MediaTek and Inmarsat’s IoT field test will be contributed to the 3rd Generation Partnership Project (3GPP)’s Rel-17 standardization work on Non-Terrestrial Network (NTN), which is part of its overarching initiative to establish 5G standards toward new use cases and services.

The new 5G satellite NB-IoT technology established a bi-directional link from MediaTek’s satellite-enabled standard NB-IoT device to a commercial GEO satellite, breaking new ground for a truly global IoT coverage. The successful test builds the foundation for hybrid satellite and cellular networks to enable new ubiquitous 5G IoT services at a global scale.

"MediaTek’s collaboration with Inmarsat will accelerate industry efforts to converge cellular and satellite networks in the 5G era. MediaTek is a leading connectivity provider and contributor to 3GPP standards, and our ongoing work with Inmarsat GEO satellites will help drive 5G innovation across verticals like IoT," said Dr. Ho-Chi Hwang, MediaTek General Manager of Communication System Design.

MediaTek is the world’s 4th largest fabless semiconductor company and Inmarsat is the world leader in global, mobile satellite communications. The two companies ran the test with a base station located at the Fucino Space Center in Italy and developed by Taiwan’s Institute for Information Industry (III). The test device, built with MediaTek’s satellite-enabled NB-IoT chipset, was located in Northern Italy. The prototype system successfully established a communication channel and data transfer with the GEO satellite ‘Alphasat’.

The successful test could provide proof as to the feasibility of new global standards and open market potential of using a single device for connecting both satellite and cellular networks.

"Testing MediaTek’s standard NB-IoT chip over Inmarsat’s established GEO satellite network has proven technology from mobile networks works effectively over GEO satellites with little modification and will provide a very cost effective path to ubiquitous and hybrid global IoT coverage," said Jonathan Beavon, Senior Director, Inmarsat Product Group.

Related Links :

http://www.mediatek.com

PR Newswire

Blis keeps finger on the pulse of consumer behaviour with global sentiment tracker

Leave a comment

1 in 3 Singaporeans would save additional funds as sentiment starts to slowly decline

SINGAPORE, Aug. 19, 2020 — Blis, a trusted leader in location-powered advertising and analytics has today released the Blis consumer confidence pulse, an interactive tracker that captures a quick snapshot of consumer sentiment. The tracker plots how consumers are feeling about their local economy, household finances and spending intent and the survey is running in Singapore, the UK, USA, UAE and Australia.

Based on three highly topical questions around finances the Blis pulse is updated twice monthly to provide a rounded picture of how consumers are reacting to changes in their situation, both personally and on a national scale.

Head of Insights, Alex Wright speaking on the tracker said, "We started this tracker in the wake of the COVID-19 outbreak being declared a pandemic to give us a quick read on consumer sentiment. Armed with the knowledge of what consumers are telling us, we can then plot this against our retail foot traffic and consumer movement data to give a rounded view of progress through crisis, stability and recovery."

Over the past six months, physical movement restrictions have ebbed and flowed in different cities across the country with daily activities requiring new safety measures. As a result, most consumers are behaving differently, with many working from home, avoiding crowded public spaces and communicating virtually. For brands, this tracker provides an opportunity to contextualise other data sources to really understand the concerns of their audience.

For the most part sentiment towards the Singaporean economy has remained remarkably robust, except for a dramatic swing in June. This coincided with Prime Minister Lee’s address to the nation and messaging from several government ministers that the Covid-19 pandemic meant the road to recovery would be a long one. Early July saw the most optimism in both the economy and household finances although we’re beginning to see a decline in sentiment once again. Interestingly, the pessimistic spike in early June led to a surge in intent to spend additional funds on home improvement, as people prepared to settle in for the long haul. Aside from this, Singaporeans have consistently declared their intent to save any spare income.

"2020 has been nothing short of a rollercoaster year. Everyone has been impacted differently and now people are not only concerned about the health crisis, but also the global financial crisis. Since March, we’ve seen brands pivot their operations, strategy and messaging multiple times to meet their consumers’ concerns about safety. Looking ahead, it’s essential for brands to pivot again and remain sensitive to their audience’s financial confidence. The Blis consumer confidence pulse allows brands a quick snapshot of the direction of sentiment," said Fionn Hyndman, Managing Director Asia.

The interactive trackers can be found here and will be updated twice monthly.

For associated images click here.

About Blis

Blis is the trusted leader in location-powered advertising and analytics, helping brands understand, reach and engage consumers globally to deliver measurable results. Because location data is the most accurate indicator of ‘real’ behaviour and intent at scale vs any other type of data, Blis uses this data to map real-world consumer behaviours based on where people are and where they’ve been, uncovering the truth about what people actually do.

Blis’ Smart Platform provides unmatched transparency, accuracy and scale. Its three tried and tested proprietary technologies – Smart Pin, Smart Scale and Smart Places – and its new Smart Households technology allow for more effective planning, activation and measurement for marketers and business decision makers alike.

Established in the UK in 2004, Blis now operates in 42 offices across five continents. Working with the world’s largest and most customer-driven companies across all verticals including Unilever, Samsung, McDonald’s, HSBC, Mercedes Benz and Peugeot, as well as every major media agency, Blis reaches over a billion mobile devices a year.

To learn more, visit blis.com.

Logo – https://techent.tv/wp-content/uploads/2020/08/blis-keeps-finger-on-the-pulse-of-consumer-behaviour-with-global-sentiment-tracker.jpg

Related Links :

https://blis.com

PR Newswire

Bright Pattern Ranks #1 for Platform Functionality, Reliability, and Interoperability in 2020 Omdia (formerly Ovum) Cloud Contact Center Buyer’s Guide

Leave a comment

Omdia, formerly known as Ovum, names Bright Pattern the Company to Watch in Recent Contact Center Buyer’s Guide

SOUTH SAN FRANCISCO, Calif., Aug. 18, 2020 — Bright Pattern, leading provider of AI-powered omnichannel cloud contact center software, announced that it was recognized by Omdia, formerly Ovum, as a market challenger in their 2020 Decision Matrix and Multichannel Cloud Contact Center Buyer’s Guide. Omdia evaluates top multichannel cloud contact center vendors based on the company’s technology, execution, and market impact. Bright Pattern was a leading vendor in the technology category as well as the execution category, ranking for Platform Functionality, for Interoperability, and for Hosting Reliability and Scalability.

"Omdia believed [Bright Pattern] was a competitor worth watching back in 2017. Now Omdia is even more certain of Bright Pattern’s strong credentials and future potential because it maintained its even stronger challenger rating in the current report," said Ken Landoline, Principal Analyst at Omdia. "Bright Pattern is once again the challenger to watch as the company and its products mature and reach their peak in the marketplace."

Top Takeaways From the Report:

  • for Platform Functionality
  • for Interoperability
  • for Hosting Reliability and Scalability
  • Bright Pattern’s customers rated the company and its products high in the areas of hosting reliability, multichannel innovation, usability, ease of integration, pricing, professional services, and deployment time
  • Bright Pattern shows top strengths in the area of company execution for hosting and reliability, multichannel innovation, ease of integration, and pricing

"Bright Pattern ranking higher than other vendors in multiple categories by Omdia, an industry analyst highly regarded around the world, corroborates our strategy to offer the most powerful and simple AI-powered contact center software," said Ted Hunting, SVP of Marketing at Bright Pattern. "We are now gaining greater awareness of our platform as seen by recent wins from startups and large global enterprises. Recognition from Omdia as for platform functionality provides additional independent validation of our platform being the most innovative cloud contact center platform in the industry."

Bright Pattern Functionality Highlighted in the Report:

  • Platform Functionality: Bright Pattern’s all-in-one contact center platform provides omnichannel communications and omnichannel quality management powered by automation and artificial intelligence. The Bright Pattern platform is powerful, yet simple to use and customizable to specific business needs.
  • Interoperability: Bright Pattern has open APIs and out-of-the-box integration to all popular CRMs, best-of-breed AI, Workforce Management Solutions, and more.
  • Reliability and Scalability: Bright Pattern offers 100% uptime with an active-active platform, allowing customers to receive updated software without any downtime. Bright Pattern can support enterprise companies and instantly scale up to 20,000 concurrent agents.

Bright Pattern is the simplest, most powerful AI-powered omnichannel contact center with the highest ROI and fastest time to deploy in the industry (half the industry average). Bright Pattern ranked for Interoperability, for Platform Functionality, and for Hosting Reliability and Scalability in the Omdia Buyer’s Guide. Bright Pattern outranked Five9, NICE inContact, Avaya, Aspect, and 8×8 as a leading provider in the 2020 G2 Crowd Report, and was a leader in the 2020 Call Center Software FrontRunners Quadrant with customer ratings higher than Five9, Genesys PureCloud, NICE inContact, RingCentral, and Talkdesk. Additionally, Bright Pattern was recognized by Frost & Sullivan for its omnichannel and AI capabilities.

Download your free copy of the Omdia Buyer’s Guide

Additional Information

About Bright Pattern
Bright Pattern provides the simplest and most powerful AI-powered omnichannel contact center software for innovative midsize and enterprise companies. With the purpose of making customer service brighter, easier, and faster than ever before, Bright Pattern offers the only true omnichannel cloud platform with embedded AI that can be deployed quickly and nimbly by business users—without costly professional services. Bright Pattern allows companies to offer an effortless and personal customer experience across channels like voice, text, chat, email, video, messengers, and bots. Bright Pattern also allows companies to measure and act on every interaction on every channel with embedded AI omnichannel quality management. The company was founded by a team of industry veterans who pioneered the leading contact center solutions and are now delivering an architecture for the future with an advanced cloud-first approach. Bright Pattern’s cloud contact center solution is used globally in over 26 countries and 12 languages.

Logo – https://techent.tv/wp-content/uploads/2020/08/bright-pattern-ranks-1-for-platform-functionality-reliability-and-interoperability-in-2020-omdia-formerly-ovum-cloud-contact-center-buyers-guide.jpg

 

Related Links :

http://www.brightpattern.com

PR Newswire

Ashnik reveals 91% cite that enterprise open source is going to be important for their organization in the coming 12 months

Leave a comment

The enterprise open source survey conducted by Ashnik highlights some key observations in technology adoption patterns across Southeast Asia and India.

SINGAPORE, Aug. 13, 2020 — A recent survey with respondents from across Southeast Asia and India helps understand the expected rise and adoption of open source. The survey focused on the current state of enterprise open source and the impact of Covid-19 on the upcoming technology adoptions and digital initiatives. Conducted by Ashnik, one of the leading open source providers in the region, the report indicates some key insights on open source readiness and implementation.

"While there is an overall shift in the way digitalization is happening, Covid-19 has prompted an even greater need to keep the existing initiatives on track and implement new technology solutions to stay amped up. We designed this survey to understand how enterprise open source is being leveraged by enterprises today and in the coming 12 months. It is interesting to note that many open source led technology initiatives are a top-tier priority for several organizations," adds Deepti Dilip J., Head of Marketing for Southeast Asia and India, Ashnik.

Nearly 83% participants of this survey range from managerial level to C-level, thus throwing some key insights on decision making patterns, in order to speed up and go digital as quickly as possible.

Survey found that about 92% of organizations are already using open source today, with a mix of both enterprise and community open source. According to the respondents, enterprise open source will be majorly adopted in the areas of: Database, Analytics, Security, and IT Infra Monitoring. 68% of respondents cite that container adoption will scaling up in their organizations, while 72% say that multi-cloud deployment will see an increase in the coming months. About 81% of respondents state that open source database will be adopted in their organizations, and 58% say enterprise open source database will be the fastest growing database technology in their infrastructure.

Respondents also rated the various benefits of adopting enterprise open source in the coming months – 60% of which rate the security aspect of enterprise open source as the top benefit for their organization. While, 57% respondents rate the ability to attract new talents as a highly important benefit in adopting enterprise open source. 68% respondents rate cost efficiency as their top benefit in open source adoption.

See the full survey report here: https://www.ashnik.com/enterprise-open-source-survey-2020/

About the Survey:

100 unique organizations across Southeast Asia and India participated in the survey; industries ranging from BFSI, Power and Engineering, Technology, Telecoms, Government sectors and more. The backdrop of this study was to understand the expected rise and adoption of enterprise open source and associated digital initiatives, in the coming months. Covid-19 has transformed the way our new norms are, and businesses are evolving technologically to better serve a diverse tomorrow.

About Ashnik

Ashnik is a Singapore-headquartered leading open source solutions provider, with presence across Southeast Asia, US and India. Ashnik delivers consulting services and solutions based on enterprise-grade open source technologies to tackle critical business challenges. Backed by its strong solutioning and architecting skill sets, Ashnik helps organisations in this region to get innovative, agile and digitally transformed.

PR Newswire

Funding Societies and SMU collaborate to develop a case on P2P Lending for Small Businesses

Leave a comment

SINGAPORE, Aug. 12, 2020 — Funding Societies, Southeast Asia’s largest digital financing platform, and Singapore Management University (SMU) have come together to develop and publish a case study explaining the role of FinTech and Peer-to-Peer (P2P) lending for small businesses. This is the first such case covering a P2P lender that SMU has developed, and involved in-depth research into the industry and the workings of the homegrown FinTech.  

Funding Societies and Singapore Management University collaboration
Funding Societies and Singapore Management University collaboration

The case is authored by faculty members of SMU’s Lee Kong Chian School of Business (LKCSB), which has been enhancing its course offerings and teaching material in Digital Business, as part of its aim to better equip students for the digital transformations that are occurring in the business world. It comes at a timely juncture as the P2P industry is expanding steadily, making competition fiercer than ever before. In recent years, several platforms similar to Funding Societies have entered the market while others are now being acquired by larger companies.

Authored by Associate Professors of Marketing Hannah Chang and Michelle Lee, and produced by the University’s Centre for Management Practice, the published case titled Using Fintech to Support Small Businesses in Singapore examines how FinTech companies can stand out in the trade with an innovative service, and how they can, through careful market segmentation and targeting, gain a competitive edge in acquiring and retaining customers. It focuses on Funding Societies’ innovative use of technology to reduce customer pain points, and also analyses the FinTech’s outreach efforts employed to educate the Micro Small and Medium Enterprise (MSME) segment on how its products can close financing gaps unserved by traditional financial institutions.

An excerpt from the case hints at the added value that FinTech platforms like Funding Societies bring to this overlooked segment through the use of technology:

Debt crowdfunding, also referred to as peer-to-peer (P2P) lending, represents an alternative source of loans for businesses to borrow money. P2P companies are different from banks in that they operate through online platforms, utilise data analytics and algorithms for credit risk assessment, and have much shorter turnaround times for loan approvals than the banks. Moreover, while banks lend money to companies using customer deposits, P2P companies play the part of a matchmaker by enabling individual investors to put money directly towards funding a particular loan.

In just five years, Funding Societies has disbursed over S$1.5 billion in funding across more than 2.6 million business loans across Southeast Asia. Back in the day as one of the industry’s pioneers and offering only one product out of Singapore, Funding Societies has today flourished into the only homegrown P2P lender with multiple SME financing products and licensed in three countries – Singapore, Malaysia, and Indonesia. The company has also been shortlisted for the Singapore digital wholesale banking license in a consortium with AMTD, Xiaomi, and SP Group.

"While relatively young in Singapore, P2P lending has become a major form of alternative financing for SMEs and alternative investment for the public, because of its accessibility and convenience. As it continuously evolves, we believe it will become mainstream finance, attracting and nurturing more local talent, and further contributing to the local FinTech space as a whole," said Kelvin Teo, Co-founder and Group CEO of Funding Societies.

Associate Professor Michelle Lee, who is also Associate Dean (Undergraduate Matters) at SMU LKCSB, said, "P2P lending is a burgeoning area within FinTech and every business student ought to have some understanding of the industry. This case provides them with that understanding and prompts them to think deeply about how a company in that space can compete effectively. It sharpens their thinking about a firm’s value proposition vis-à-vis direct and indirect competition, as well as how a competitive advantage can be sustained."

"Since its inception, SMU has held to the principle of preparing students well for industry and this has meant ensuring the currency of its curriculum and teaching material. This case is one example of how that is brought about," she added.

The case is available here: https://cmp.smu.edu.sg/case/4406*. Other financial institutions which SMU has published cases on include Ant Financial, Nium, and DBS.

*Note: A complimentary copy of the published case is available to the press upon request. Kindly note that the copy is strictly for internal use only and not for further dissemination.

About Funding Societies

Funding Societies | Modalku is the largest SME digital financing platform in Southeast Asia. It is licensed in Singapore, Indonesia and Malaysia, and backed by Sequoia India and Softbank Ventures Asia Corp amongst many others. It provides business financing to small and medium-sized enterprises (SMEs), which is crowdfunded by individual and institutional investors. In 5 years, it has helped finance over 2.6 million business loans with over S$1.5 billion in funding. It was given the MAS FinTech Award in 2016, the Global SME Excellence Award at the United Nations’ ITU Telecom World in 2017, Brands for Good in 2019, recognised by IDC as amongst the 5 fastest growing FinTechs in Singapore, and the Stevie® Award in 2020.

Read our company story here: https://blog.fundingsocieties.com/our-story/

About Singapore Management University

A premier university in Asia, the Singapore Management University (SMU) is internationally recognised for its world-class research and distinguished teaching. Established in 2000, SMU’s mission is to generate leading-edge research with global impact and to produce broad-based, creative and entrepreneurial leaders for the knowledge-based economy. SMU’s education is known for its highly interactive, collaborative and project-based approach to learning.

Home to over 10,000 students across undergraduate, postgraduate professional and postgraduate research programmes, SMU is comprised of six schools: School of Accountancy, Lee Kong Chian School of Business, School of Economics, School of Information Systems, School of Law, and School of Social Sciences. SMU offers a wide range of bachelors’, masters’ and PhD degree programmes in the disciplinary areas associated with the six schools, as well as in multi-disciplinary combinations of these areas.

SMU emphasises rigorous, high-impact, multi- and inter-disciplinary research that addresses Asian issues of global relevance.  SMU faculty members collaborate with leading international researchers and universities around the world, as well as with partners in the business community and public sector.  SMU’s city campus is a modern facility located in the heart of downtown Singapore, fostering strategic linkages with business, government and the wider community.  www.smu.edu.sg

About SMU Centre for Management Practice

The Centre for Management Practice (CMP) was established to position SMU as a university that collaborates closely with industry, to inform and learn from the world of management and practice. This is accomplished by furthering the case methodology to enrich education at SMU and other organisations across the globe, and translating selected academic outputs to practice-oriented knowledge that can be consumed by a non-academic audience.

Case Writing Initiative

The Case Writing Initiative (CWI) was set up in August 2011 with the ambitious goal of filling a critical need to develop business case studies based on an Asian setting for use in international curriculums. Business cases provide both research and learning opportunities to faculty members, students and those in industry. The process of working collaboratively with businesses on case studies enables faculty members to be grounded in both theory and practice. They develop a richer understanding of the business context in their subject matter and its application to real world situations. The cases developed by faculty members are used in class to illustrate key theoretical concepts and frameworks. From the students’ perspective, they provide an opportunity to make decisions that require critical thinking and debate. From the corporate perspective, they present a contribution to management education and allow for a different perspective on existing business issues.

To date, CWI has published over 285 cases, with another 50 in the pipeline. These cases have won several prestigious international awards, and been adopted by leading universities and corporates schools worldwide. The cases are distributed by the Case Centre and Harvard Business Publishing. 

Media Contacts

Funding Societies

Glennice Yong

Senior PR & Communications Executive

glennice.yong@fundingsocieties.com

+65 9155 4662

SMU

Huang Peiling

Snr Associate Director, Corporate Communications

plhuang@smu.edu.sg

+65 6828 0964 / +65 9845 3361

Photo – https://photos.prnasia.com/prnh/20200811/2882095-1?lang=0  

PR Newswire

Singapore employees return to a changing workplace as COVID-19 accelerates greater collaboration between humans and technology, says GlobalData

Leave a comment

  • Employees empowered with new digital skills as COVID-19 accelerates greater collaboration between humans and technology
  • Advances in mobile technologies and applications is driving a collaboration boom as businesses adopt video conferencing and wearables as AI platforms
  • COVID-19 fueling automation of supply chains across different industries

SINGAPORE, Aug. 12, 2020 — As the economy re-starts in Singapore, workers are returning to a changing workplace as COVID-19 accelerates greater collaboration between humans and technology, empowering employees with new digital skills, according to GlobalData, a leading data and analytics company.

Various technologies are transforming ‘The future of work’ in Singapore including video conferencing and other collaboration tools, communication between smart objects, supply chain automation and digital twinning to provide virtual presentations.

Collaboration becomes an AI platform

The rapid advances in mobile technologies and applications has driven a collaboration boom since the pandemic started as businesses adopt video conferencing as AI platforms. OCBC Bank Singapore introduced a mobile app to launch ‘HealthPass’ which enables patients to book video consultation appointments with over 100 general practitioners. The use of wearables is also accelerating as mobile and wireless technologies support positive health outcomes through m-health. One example is ‘smart rings’ which provide advance warning of infections with a 90% accuracy.

Access agnostic connectivity

The seamless communication between smart objects over the internet is also proving to be transformative in the changing work landscape. Singapore-based telecom provider M1 has been working with regulator IMDA and airline manufacturer Airbus to trial unmanned aerial vehicles using 5G technology for the Singapore Port and Maritime Authority to use as part of its incident management response and the running of its general operations.

Automation

One of the biggest changes COVID-19 has brought is the automation of the supply chain with several industries such as manufacturing, healthcare and aerospace now embracing 3D printing. Researchers at the National University of Singapore (NUS) have found a method of producing nasopharyngeal COVID-19 testing swabs using 3D-printing and injection molding providing local production capability which will ease global shortages.

Data visualization, interpretation

Advanced digital technologies are also providing analytics tools and insights for line-of-business users. Several of Singapore’s capital-intensive industries including construction which has been one of the hardest hit, are investing in digital twinning to create virtual representations of processes and physical objects.

Dustin Kehoe, Head of Technology Research for Asia-Pacific at GlobalData, says: "One of the biggest challenges facing Singaporean businesses in the short-term is in HR. Employees will need a lot of reassurance and support to embrace the changing future of work and acquire the skills they will need to adjust to new ways of working, as work flows move from physical locations and rigid hierarchies towards peer-to-peer collaboration in virtual teams."  

Please contact the GlobalData Press Office for comment, analysts available for interview at +91 40 6616 6809/ +44 (0) 207 936 6400. Email: pr@globaldata.com.

Logo – https://techent.tv/wp-content/uploads/2020/08/singapore-employees-return-to-a-changing-workplace-as-covid-19-accelerates-greater-collaboration-between-humans-and-technology-says-globaldata.jpg

 

PR Newswire

Customer personal information is the number one data protection priority in Taiwan reports nCipher

Leave a comment

Organizations racing to protect sensitive data as it proliferates across cloud, IoT devices and 5G networks

TAIPEI, Aug. 11, 2020 — The adoption of digital initiatives such as cloud, IoT and 5G networks is growing rapidly as the world adjusts to a "new work-from-home normal" amid the COVID-19 pandemic — with Taiwan being no exception. This brings even more attention to data protection and encryption strategies, with the protection of customer information the number one priority according to the 2020 Taiwan Encryption Trends Study published today by nCipher Security, an Entrust Datacard company and world leader in hardware security modules (HSMs), based on research by the Ponemon Institute.

The customer is king, but so too is intellectual property

Organizations in Taiwan have adopted enterprise encryption at a similar rate to their global counterparts: 46% have consistently applied an encryption plan/strategy, only slightly below the global average of 48%.

Protecting customer personal information is the major driver behind encryption adoption for respondents in Taiwan (62%), 8% higher than the global average. Following a close second is the protection of intellectual property (57%), well above the global average (52%). This is not surprising given the emphasis on intellectual property across the Taiwan market.

Data discovery the number one challenge

With the proliferation of data from digital initiatives, cloud use, mobility, IoT devices and 5G networks, data discovery is the biggest challenge in planning and executing a data encryption strategy, with 58% of respondents citing this as their top concern, 9% below the global average. Organizations in Taiwan also rate the challenge of initially deploying encryption technology lower than any other region, 31% vs. 44% globally.

On the other hand, respondents report greater difficulties in data classification (43%) and user training (23%), which are 12% and 9% above global averages respectively.

Trust, integrity, control

The use of hardware security modules (HSMs) to provide higher levels of trust, integrity and control for both data and applications stands at 39% for respondents in Taiwan. Most respondents (61%) say that HSMs are important as part of their organization’s encryption or key management activities, with the most prevalent use cases being application level encryption (42%) and encrypting data in the cloud.

The race to the cloud

Cloud is extremely popular in the region, with 86% of respondents reporting that they transfer sensitive data to the cloud, or plan to do so within the next 12 to 24 months. Nearly every responding organization (99%) rates support for both cloud and on-premise deployment from their encryption solutions as being important, significantly higher than the global average of 67%.

Organizations in Taiwan are also deploying HSMs for cloud use cases at much higher rates than many other regions, including the ownership and operation of HSMs to generate and manage Bring Your Own Key (BYOK) and integration with a Cloud Access Security Broker (CASB) to manage keys and cryptographic operations. Taiwan also has the highest planned increase in the use of HSMs in conjunction with public cloud-based applications over the next 12 months.

Looking ahead — blockchain, quantum and adoption of new encryption technologies

While the surge in remote working has increased the risk of data exposure, how are organizations looking ahead? In the near term, 65% of responding organizations plan to use blockchain, with asset transaction, identity, supply chain and smart contracts cited as the top use cases.

Other much-hyped technologies are not on Taiwan IT organizations’ near-term radar. Most IT professionals see the mainstream adoption of multi-party computation at least six years away, with mainstream adoption of homomorphic encryption nearly seven years away, and quantum resistant algorithms eight years out, all of which are in line with global trends.

"Consumers expect brands to protect their data from breaches and always have their best interests at heart. Our survey found that IT leaders take this trust very seriously, and often place protection of consumer data as a top priority when pursuing encryption growth," says Dr Larry Ponemon, chairman and founder of Ponemon Institute. "Encryption use is at an all-time high right now, with 46% of respondents from Taiwan this year saying their organization has an encryption plan that is applied consistently across the entire enterprise, with a further 36% saying they have a basic plan or strategy applied to certain applications and data types."

"With ongoing digitalization, organizations are under relentless pressure to deliver high security, seamless access to protect customer data and business information, while ensuring reliable business continuity. The 2020 Taiwan Encryption Trends Study highlights how critical security and identity have become for organizations and individuals both in the workplace and at home," said Percy Tu, sales manager, Taiwan, nCipher Security. "nCipher empowers customers by providing a high assurance security foundation that ensures the integrity and trustworthiness of their data, applications and intellectual property."

Other key findings from the Taiwan Encryption Trends Study include:

  • Employee mistakes (58%) pose the greatest threat to data exposure, followed by temporary or contract workers (33%) and third-party service providers (27%). Conversely, hackers are seen as the lowest threat in Taiwan (17%, compared to 29% globally)
  • Encryption is deployed at higher rates than global averages for database use cases (69%), cloud gateways (49%) and private cloud infrastructure (46%)
  • Taiwan companies find encryption key management challenging to adopt (59%), with inadequate tools (54%), isolated and fragmented systems (49%) and lack of skilled personnel (49%) being the major reasons behind this

Download the 2020 Taiwan Encryption Trends Study

2020 Taiwan Encryption Trends Study methodology

The 2020 Taiwan Encryption Trends Study surveyed 302 IT professionals in Taiwan and is part of a larger global study, based on research by the Ponemon Institute. The report captures how organizations around the world are dealing with compliance, increased threats, and the implementation of encryption to protect their business-critical information and applications.

6,457 IT professionals were surveyed across multiple industry sectors in 17 countries/regions: Australia, Brazil, France, Germany, India, Japan, Hong Kong, Mexico, the Middle East (which is a combination of respondents located in Saudi Arabia and the United Arab Emirates), the Russian Federation, Southeast Asia (Indonesia, Malaysia, Philippines, Thailand, and Vietnam), South Korea, Taiwan, the United Kingdom, the United States and two new regions for the first time, Netherlands and Sweden.

Percy Tu, sales manager, Taiwan, nCipher Security
Percy Tu, sales manager, Taiwan, nCipher Security

Percy Tu, sales manager, Taiwan, nCipher Security (Click here to download high-resolution image)

About nCipher Security

nCipher Security, an Entrust Datacard company, is a leader in the general-purpose hardware security module (HSM) market, empowering world-leading organizations by delivering trust, integrity and control to their business-critical information and applications. Today’s fast-moving digital environment enhances customer satisfaction, gives competitive advantage and improves operational efficiency — it also multiplies the security risks. Our cryptographic solutions secure emerging technologies such as cloud, IoT, blockchain, and digital payments and help meet new compliance mandates. We do this using our same proven technology that global organizations depend on today to protect against threats to their sensitive data, network communications and enterprise infrastructure. We deliver trust for your business-critical applications, ensure the integrity of your data and put you in complete control — today, tomorrow, always. www.ncipher.com

Follow us on LinkedIn, Twitter, Facebook and Instagram — search nCipherSecurity.

Photo – https://photos.prnasia.com/prnh/20200810/2880970-1?lang=0
Logo – https://photos.prnasia.com/prnh/20200810/2880970-1logo?lang=0

Related Links :

http://www.ncipher.com

PR Newswire

Westwin Shares Findings in Upcoming Chinese Consumers Cross-Border Consumption Report at the Shanghai International Advertising Festival

Leave a comment

SHANGHAI, Aug. 10, 2020 — Westwin, a leading tech-driven cross-border marketing company, was recently invited to join the opening ceremony forum of the Shanghai International Advertising Festival. Leslie Chu, Westwin’s CRO, shared insights and new findings in the company’s upcoming research report on cross-border consumption of Chinese consumers. Recognizing Westwin’s performance and efforts in the cross-border marketing sector, the company was also awarded as the best agency to help Chinese companies go global at the event.

The new cross-border consumption report examines consumption behaviors in cross-border e-commerce, tourism, education, and real estate scenarios over the past two years with analyses on the Chinese customers in cities of different tiers who often shop overseas. The upcoming report is a continuation to Westwin’s signature "Cross-border Consumption of Chinese Consumers" report released in 2018.

Westwin’s 2020 report, which is set to be released this month, reveals that the cross-border e-commerce sector saw an uptick trend over the last two years with peaks at the fourth quarters of 2018 and 2019, given large amount of year-end promotions and shopping festivals, as Chu cited the report. The report shows that due to the pandemic, Chinese consumers purchased more healthcare products to improve their immune system. The consumption pattern of cosmetics, skincare and luxury products painted a very different picture, with only a half of the consumers willing to buy more while the rest tend to save money because of the economic uncertainties. For cross-border tourism, the market penetrated lower cities, with the customers in third- and fourth-tier cities contributing to a 160% increase.

In order to better understand consumer behaviors, the 2020 report teases out four groups of consumers who are easily drawn to overseas shopping. The first group is young mothers in third- and fourth-tier cities, although they often don’t have a relatively high income. But thanks to lower living costs and financial support from parents, they have more disposable income and spare time. Most of them are heavy social media users who love to share what they buy from overseas on WeChat. They tend to shop on impulse and cannot resist the lures of discounts, especially when it comes to luxury products.

Meanwhile, single working women in their 30s living in first- and second-tier cities shop differently, the report suggests. Financially independent and seeing outfits as part of their identities, they typically go for international niche brands to avoid outfit clash. They shop rationally for luxury products but would only buy inexpensive accessories they like.

As for high-income households, women are usually the main shoppers in the family and spend over CNY$100,000 annually on cross-border shopping, including skincare, apparel and accessories, handbags and home appliances, according to the report. They are often well educated and have overseas study experience. They put lots of efforts on their children and like to send them to overseas summer camps or study tours. Meanwhile, men in households, who earn over CNY$1 million annually, often don’t have much desire for shopping but like to spend money on investment and buying properties.

In general, the report shows that women remain the driving forces of cross-border consumption in China and online influencers are still a strong factor for boosting cross-border consumption. Moreover, penetration to lower-tier cities and "cute culture" are the new trends in China’s consuming market.

About Westwin

Westwin, formerly known as Microsoft Online (MSN China), is a leading technology-driven digital marketing company that focuses on cross-border business. It provides branding strategies and digital marketing solutions to help customers achieve success in China and around the world. Westwin is a certified marketing & advertising partner of Baidu, Tencent WeChat, Sina Weibo, and many other major digital platforms in China. With years of experience in cross-border business and partnership growth, Westwin is equipped with the knowledge and expertise to take businesses to the next level in overseas markets.

Related Links :

http://www.westwin.com

PR Newswire

LG Electronics asks the Young Generation, ‘What Makes Your Life So Good?’

Leave a comment

Striving to Hear Young Voices, LG Presents Engaging Quizzes and Results that Shine a Light on Why Life Is Always Good

SEOUL, South Korea, Aug. 7, 2020 — LG Electronics, a globally renowned and trusted maker of consumer electronics, is moving a step closer to today’s younger population by pursuing a clearer understanding of what a good life means to them. Through a variety of platforms including interactive online quizzes, LG is listening to more young adults as it delves deep into what truly makes life good for them.

LG has always explored the meaning of a good life, consistently working to facilitate it for consumers of all generations. Through engaging activities such as this one, LG now moves to further understand and encourage the younger population, a key step towards better supporting everyone’s version of life’s good.

Responses[1] have so far revealed the enriching effect of social connections in life, with a majority of 43% of respondents most valuing friends and family, deep conversations, and shared experiences. Secondly, 27% of participants pointed to passion making their life good, allowing them to immerse themselves in new endeavors. Other respondents also attributed creativity and curiosity as driving forces of daily life.

LG’s latest activity thereby demonstrates the strength of internal factors that combine to empower us in our day to day and further reminds the young generation that their personal and inherent qualities are a central part of why life will always be worthwhile.

In such ways, LG strives to engage with and support young people from today, starting by understanding what a good life means to them. LG will focus on what makes life meaningful to effectively support everyone including our future leaders in who they are and what they wish to do.

"Understanding what makes life meaningful for young people is also an opportunity to rediscover what a good life means to all of us," explained Kim Jin-hong, head of LG Electronics’ Global Marketing Center, "Through such exciting activities, we hope to reach out to the younger generation for further support and connection to help make their lives good in the truest sense."

Getting more young people involved so that they can have their say is a key part of LG Electronics’ larger campaign, which is to be launched soon with special projects tailored for a young audience.

[1] Quiz taken from August 4 to be run until August 18 with 2,623 respondents as of August 6 with updates to follow. Full quiz can be found here.

About LG Electronics Inc.

LG Electronics is a global innovator in technology and consumer goods with a presence in almost every country in the world and a diverse workforce of 74,000. LG is composed of five companies – Home Appliance & Air Solution, Home Entertainment, Mobile Communications, Vehicle Component Solutions and Business Solutions. With 2019 global sales of USD 53 billion, LG is a leading manufacturer of a wide range of products from TVs, washing machines, refrigerators, air conditioners, mobile devices, digital signage and automotive components. LG is also known for its premium LG SIGNATURE and advanced LG ThinQ brands, which feature the company’s artificial intelligence technology. For more news on LG, go to www.LGnewsroom.com.

PR Newswire

Kuaishou Cements its Place among China’s Internet Giants: Latest Industry Report

Leave a comment

The app has reported 41.5% YoY growth of MAUs

BEIJING, Aug 7, 2020 — Short videos and livestreaming are no longer niche industries, as shown by data collected by Quest Mobile (QM), a big data monitoring agency. The company recently released its highly influential China Internet 2020 report. Kuaishou, a Tencent-backed company, was given special mention in the report, as both its user growth and revenue share surpassed market expectations.

Kuaishou, one of the most popular short video platforms in China, reported a 41.5% YoY growth from June 2019. Recording over 300 million daily active users (DAUs), Kuaishou has outgrown its more established competitors and has shown that it is here to stay.

Kuaishou is the only short video platform that gained the most user numbers with its short video and live broadcast platforms (Kuaishou Lite and Kuaishou) occupying the 4th and 5th place, respectively, according to figures from the June 2020 Internet Activity Ranking.

According to QM’s report, the monthly active users (MAU) of the livestreaming and short video sector increased to 852 million in China. The sector accounts for nearly 20% of total network user duration, second only to instant messaging. It also became the second largest industry in the media space and surpassing even the online video industry in terms of advertising revenue. Overall, the industry’s revenue pie has grown by 30% YoY.

Kuaishou was credited with organizing the Spring Festival Gala and attracting the likes of celebrities such as Jay Chou and Lang Lang to conduct record-breaking livestreams on its platform. Kuaishou saw success as over 910 million people watched the Gala, of which 79.6% watched via short video platforms. The ability of short videos to attract and retain users have normalized the mainstream population, even in China’s first-and-second-tier cities.

The report also showed that Kuaishou emerged as the popular choice for millions of Chinese livestreaming e-commerce sellers, including e-commerce giants like JD.com. The QM report credited Kuaishou’s livestreaming effort as a substantial driver of the growing e-commerce industry in China. The industry so far has been embraced by over 1 billion users, of which 100 million, or 10%, are from Kuaishou.

China has shown the effectiveness of short video and livestreaming content in driving commercialization. Platforms like Kuaishou are driving individuals, enterprises, industries, and governments to experiment with using new content forms to achieve transformation, growth and development.

About Kuaishou Technology

Kuaishou Technology develops content sharing platforms and makes content production, distribution and consumption fast and easy. Our content recommendation system is built on a deep understanding of our users and the content being shared on our platforms every day.

Our flagship product, Kuaishou, is China’s leading short video sharing and social networking platform that enables users to capture the unique and memorable moments of their everyday lives, and to interact with followers in real-time. Our technology offers users a highly personalized experience and encourages members from all communities to create and discover interesting and dynamic content.

Founded in 2011, Kuaishou Technology is headquartered in Beijing with more than 10,000 employees and offices in China, the United States, India and Brazil. Our notable investors include DCM Ventures, Morningside Venture Capital, Sequoia Capital, Temasek Holdings, Tencent and Baidu. For more information, please visit www.kuaishou.com.

  • March 2011 GIF Kuaishou was created as a product tool for creating animated GIFs
  • October 2013 GIF Kuaishou was transformed into a short-form video social platform – Kuaishou
  • January 2015 Kuaishou’s DAU (daily active user) exceeded 10 million
  • September 2017 Kuaishou’s total users exceeded 600 million and DAU exceeded 80 million
  • December 2017  Kuaishou’s DAU exceeded 100 million
  • June 2018 Kuaishou Technology completed the acquisition of Acfun, an ACG video community
  • May 2019 Kuaishou’s DAU exceeded 200 million
  • March 2020 Kuaishou’s DAU exceeded 300 million
  • July 2020 Kuaishou’s Livestream DAU surpassed 170 million

To download Kuaishou, click here.

CONTACT: Zhang Chuanshi, zhangchuanshi@kuaishou.com, +86-134-8881-8382

Related Links :

http://www.kuaishou.com