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PR Newswire

HP Study Reveals Optimism Among SMB Business Owners

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SMBs that are focused on digital transformation the most confident. HP offers new services and solutions to help SMBs accelerate growth

News highlights

  • Bouncing back will require SMBs innovation in work processes, flexible work options and customized products and services
  • SMBs unclear on how to innovate, especially when cashflow is a key concern
  • Indonesia, India, Vietnam, Australia, and Thailand SMBs are the most confident of their ability to be innovative
  • SMBs in Japan, South Korea and Singapore are more conservative about their predictions for the future based on the global nature of their economies
  • HP is introducing remote work solutions to enable SMBs to stay productive and effective

SINGAPORE, July 23, 2020 — HP Inc.’s latest study on SMBs in Asia-Pacific, "Survival to Revival", surveying 1,600 SMBs across eight countries in Asia reveals over 50 percent of small-medium business owners expect not just to survive but thrive following the pandemic and feel that digital transformation will be a key part of this revival. In response, HP is introducing integrated services-based print solutions including a HP Roam for Business bundle to make it easy to print on the go and enhanced HP SecurePrint a flexible, cloud-native solution that releases documents only to authorized users.

HP Infographic
HP Infographic

Some 60 percent of respondents see digital transformation as key with innovation in work processes, flexible work options and customized products and services identified as future strategies. However, cost effective solutions are required given cashflow remains top of mind and SMBs are unclear where to look or what such solutions are available. This is especially key where only 4 in 10 SMBs have a department or person responsible for innovation.

"SMBs are the lifeblood of every economy in Asia but the pandemic has hit SMBs hard. As the engines of growth for Asia economies, it is critical for them to move past survival to revive their businesses," said Ng Tian Chong, Managing Director, Greater Asia at HP. "This study provides us with the insights to provide practical help for SMBs so that they have access to an ecosystem of devices, tools and technology. With these resources, we want to help SMBs unlock innovation for customer and employee-centric experiences, as well as broadly upskill talent to rebound from the pandemic and prepare for the future."

Completed in June 2020, the study surveyed across Australia, India, Indonesia, Japan, South Korea, Singapore, Thailand, and Vietnam found:

  • Companies most confident of bouncing back place high importance on digital adoption. Across the region, nearly 60% view digital adoption as very important or essential. Indonesian SMBs are particularly sensitive to this need, with a full 74% believing it is essential or very important, as is Thailand, also at 65%.
  • Growth projections are significantly adjusted post pandemic. Across the region, 46% of SMBs expecting growth prior to the pandemic but that figure has dropped dramatically to just 16%. India and Vietnam are the most confident about post pandemic growth and Singapore, Japan and South Korea are least positive.
  • Disruption to productivity is a common experience during COVID. Only 6% of SMBs recorded higher levels of workplace productivity compared to pre-COVID period while 43% recorded lower productivity.
  • Skills was identified as an issue: The pandemic amplified the lack of digital-first mindsets and skills within existing SMBs that hamper growth, affecting nearly half (44%) of respondents.
  • SMBs are unclear on where to look for assistance: Financial institutions rank high (31%); 60% of SMBs consider government support to be insufficient and/or are unclear on what support is available; only 19% of respondents turn to IT companies for help.

A need for Talent

Underpinning all of this, is a need to identify digital talents who can help SMBs to transform the business. The majority of SMBs do not dedicate resources and/or invest in innovation as a discipline; it is more common to ask customers what they want, or simply mirror what the competition is offering. Only one in five SMBs have customized offerings, looked for new sales & supply-chain channels or introduced new lines of business. In this respect, Indonesia (59%) and Thailand (51%) stand out for having the highest percentage of SMBs dedicating resources to innovation. Unsurprisingly, SMBs in Indonesia and Thailand are also most confident about business performance post COVID.

Services and solutions for SMBs

To support SMBs in adapting to new agile working environments, HP has introduced a suite of integrated services-based print solutions to enable SMBs to stay productive and effective no matter where they work. HP is now offering a one-year license for HP Roam for Business with a compatible HP LaserJet Pro 400-series bought by 31 October 2020, making it easy to print on the go from a mobile device and to retrieve the job touchless at any HP Roam-enabled printer within the company network

In addition, HP has enhanced HP SecurePrint which now supports all network types, including traditional networks behind a firewall as well as serverless print environments, helping customers simplify IT infrastructures. To empower workers the HP Workpath ecosystem, which enables workers to connect to cloud-based platforms directly from the Multifunction Printers (MFP), has expanded rapidly since it launched in November 2019, with 100+ apps available on the platform and thousands of apps deployed.

To meet the demands of the SMB worker’s multi-task, multi-place workday, HP PCs are designed to enable them to work anywhere when inspiration comes, giving them the performance that matches up to their creativity, and allowing them to collaborate seamlessly and effortlessly to bring their ideas to life.

Security is a top priority in agile working environments. To ensure SMBs get ease of mind when working anywhere, HP is offering Sure Click Pro for free to all HP and non-HP Windows customers till September 30, 2020. HP Sure Click technology guards against malware, ransomware, and viruses embedded in email attachments or malicious websites.

HP is making it easy for SMBs to get their hands on the latest technology. Through initiatives like HP For Business in Thailand, HP has tailored a monthly subscription program with powerful devices with trusted security, and 24/7 technical support. The program helps relieve financial pressures on entrepreneurs in the short term and takes care of their IT management needs.

Continuous upskilling is critical for SMBs to revive and grow. The HP LIFE program offers free online self-paced training courses designed to help entrepreneurs and SMBs acquire new skills to grow their business, such as business communications, having a success mindset, social media marketing, and design thinking.

Please find the full study here and research highlights here.

Methodology

In total, 1,600 SMBs completed the survey between 26th May 2020 to 7th June 2020, which comprised of 200 interviews in each of the markets: Australia, India, Indonesia, Japan, South Korea, Singapore, Thailand, and Vietnam. Only an Owner, Partner, Managing Director, CEO, COO, CFO, or a Director of a business with less than 200 employees qualified for the survey. Interviews were split evenly between Micro Business (<10 employees), Small Business (10-49 employees), and Medium Business (50-199 employees). Multiple industries were represented including Retail/Wholesale, Manufacturing, Professional Services, Healthcare, Education and Financial Services.

About HP

HP Inc. (NYSE: HPQ) creates technology that makes life better for everyone, everywhere. Through our product and service portfolio of personal systems, printers and 3D printing solutions, we engineer experiences that amaze. More information about HP Inc. is available at www.hp.com.

©Copyright 2020 HP Development Company, L.P. The information contained herein is subject to change without notice. The only warranties for HP products and services are set forth in the express warranty statements accompanying such products and services. Nothing herein should be construed as constituting an additional warranty. HP shall not be liable for technical or editorial errors or omissions contained herein.

 

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PR Newswire

Chip Manufacturing Equipment Spending to Hit Record High $70 Billion in 2021 After Strong 2020, SEMI Reports

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MILPITAS, California, July 22, 2020 — Global sales of semiconductor manufacturing equipment by original equipment manufacturers are projected to increase six percent to $63.2 billion in 2020 compared to $59.6 billion in 2019 before logging record high revenue of $70 billion in 2021 on the strength of double-digit growth, SEMI announced today in releasing its Mid-Year Total Semiconductor Equipment Forecast – OEM Perspective at the annual SEMICON West exposition.

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Growth across a number of semiconductor segments is expected to power the expansion. The wafer fab equipment segment – which includes wafer processing, fab facilities, and mask/reticle equipment – is expected to rise five percent in 2020 followed by 13 percent growth in 2021 driven by a memory spending recovery and investments in leading-edge and China. Foundry and logic spending, accounting for about half of total wafer fab equipment sales, will see single-digit increases in 2020 and 2021. Both DRAM and NAND spending in 2020 will surpass 2019 levels and are projected to grow over 20 percent, respectively, in 2021.

The assembly and packaging equipment segment is forecast to grow 10 percent to $3.2 billion in 2020 and 8 percent to $3.4 billion in 2021 driven by advanced packaging capacity buildup. The semiconductor test equipment market is expected to increase 13 percent, reaching $5.7 billion in 2020, and continue the growth momentum in 2021 on the back of 5G demand.

Regionally, Mainland China, Taiwan and Korea are expected to lead the pack in spending in 2020. Robust spending in Mainland China in the foundry and memory sectors is expected to vault the region to the top in total semiconductor equipment spending in 2020 and 2021. Taiwan equipment spending, after seeing 68 percent growth in 2019, is forecast to contract this year but bounce back with 10 percent growth in 2021, with the region maintaining the second spot in equipment investments. Korea is expected to rank third in semiconductor equipment investments in 2020 by outstripping its 2019 levels, making it the third top spender in 2020. Korea equipment spending is projected to grow 30 percent in 2021 powered by the memory investment recovery. Most other regions tracked will also see growth in 2020 or 2021.

The current SEMI forecast is based on collective input from top equipment suppliers, SEMI’s industry-recognized World Fab Forecast database, and SEMI’s Worldwide Semiconductor Equipment Market Statistics (WWSEMS) data collection program.

The Equipment Market Data Subscription (EMDS) from SEMI provides comprehensive market data for the global semiconductor equipment market. A subscription includes three reports:

  • Monthly SEMI Billings Report, an early perspective of equipment market trends
  • Monthly Worldwide Semiconductor Equipment Market Statistics (SEMS), a detailed report of semiconductor equipment bookings and billings for seven regions and more than 22 market segments
  • Bi-annual Total Semiconductor Equipment Forecast – OEM Perspective, an outlook for the semiconductor equipment market.

For more information online, please visit the EMDS page.

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 Association Partners, 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
Email: mhall@semi.org
Phone: 1.408.943.7988

http://www.semi.org

PR Newswire

Banggood Unveils Top-Selling Products List For First Half of 2020, Xiaomi Emerges As Most Popular Brand

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GUANGZHOU, China, July 21, 2020 — Banggood, a leading cross-border e-commerce retailer, has revealed the top-selling brands and products on its platform for the first half of 2020, reflecting sales increase in multiple categories such as Fashion, Home Appliances, Computer & Office, Automobile & Motorcycles, Sports & Outdoor.

Under the pandemic, stay-at-home shopping demand surge boosts online shopping. For the first time in Banggood’s history, ‘Health, Beauty & Hair’ emerged one of the best-selling categories. Masks and oximeters debuted on the top 10 top selling products list, while Xiaomi retained its title as the most popular brand on the platform.

  • Sales Performance of Personal Health and Fashion Categories Stands Out

From January to June 2020, Banggood witnessed a significant increase in user activity as more people turned to online shopping and a remarkable sales increase during lockdown. Home office, fashion, home appliances and personal health categories were the frontrunners with the largest year-on-year growth in demand for the first half of 2020.

Within the home office category, headset sales surged more than 200% while sales for tablets and laptops also saw a marked increase. In fashion, sales for casual attire soared with a fiftyfold increase for men’s striped lounge wear set and thirtyfold increase for casual men’s shoes.

Home appliances and Health, Beauty & Hair categories have also entered Banggood’s best-seller list for the first time, with LCD projector seeing a 100% increase in a single month and oximeter sales increasing 80 times.

  • Mobile Commerce (M-Commerce) is Growing

Banggood has also seen an increased proportion in the number of users browsing and buying products on the platform via a mobile device. Banggood’s data revealed that more consumers are downloading and making purchases through the Banggood app, with a year-on-year increase of over 300%. GMV has also significantly improved on these platforms.

  • Livestream Shopping Emerged as a Key Trend

Social shopping has also emerged as a key trend at the turn of the decade. The number of orders placed during live streams has increased dramatically, and Banggood has found that consumers are rapidly forming a social shopping path whereby they discover — and purchase — their favorite products through live interactions. As a result of numerous live streaming events hosted by Banggood this year, the platform has seen a 70% year-on-year increase in orders placed during these events.

The release of this sales data comes in the midst of the platform’s Summer Prime Sale, Banggood’s largest-scale sales campaign to date. During the sale, Banggood will provide popular products with great discounts and digital coupons worth USD60 million to its users. The sale will peak with the best deals and discounts between July 21st to 24th, together with its 72-hour time-limited live-streaming session – the Banggood LIVESTREAM.

The full list of Banggood’s best-selling brands and products can be found below.

Top 10 Best-selling Brands

  1. XIAOMI
  2. DJI
  3. HUAWEI
  4. ONEPLUS
  5. LENOVO
  6. Topacc
  7. Eachine
  8. BlitzWolf
  9. Geekcreit
  10. Drillpro

Top 10 Best-selling Products

  1. Mobile phone
  2. RC Drones
  3. 3D printer
  4. TWS headset
  5. Men’s shoes
  6. Smart watch
  7. Oximeter
  8. Projector
  9. Folding bicycle
  10. Mask

About Banggood

Founded in 2006, Banggood is a leading e-commerce company running its website www.banggood.com and pages on other platforms to offer tens of millions of registered users more than 500,000 types of products, covering from consumer electronics to clothing. Banggood is headquartered in Guangzhou, China, the city of supply chain, with a global reach in North America, Europe, Asian Pacific, South America and Middle East.

For more information, please visit: https://www.banggood.com/aboutBanggood.html

Media Contact
Zoeh Zheng
Phone: +86-134-5028-6595
Email: pr@Banggood.com

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PR Newswire

In less than three months, realme breaks into smart personal audio market in India with third spot in Q1 2020, according to Canalys

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SHENZHEN, China, July 17, 2020 — In less than three months since offering its AIoT products, realme has been confirmed as a market leader in the smart personal audio category in the Indian market for Q1 2020. According to Canalys, a research firm, realme secured a commanding third place with 10% market share, an achievement for a new entrant amidst a global pandemic.

realme breaks into smart personal audio market in India with the third spot in Q1 2020, according to Canalys
realme breaks into smart personal audio market in India with the third spot in Q1 2020, according to Canalys

 

Latest Canalys estimates show that shipments of smart personal audio devices in Asia Pacific, not including Greater China, grew 61% year on year to reach 16 million units in Q1 2020. Asia Pacific has surpassed Europe to be the third largest regional market in the smart personal audio category. The region now accounts for 21.1% of global shipments and demand is set to grow further, due to the increase in demand for smart phones in growing economies.

In discussing about the results, realme noted that there was an opportunity as key players globally were not fast enough to adapt to growing consumer needs. realme revealed that the majority of its consumers are youths and young professionals, who value form as much as function. “This means we have to deliver on both fronts to meet our customers’ needs”, says Xu Qi, realme’s Global Marketing President.

realme’s tech-trendsetting range of products incorporate the best in both design and technology. The Buds Q earpieces were designed by José Lévy, who has worked with brands such as Hermes. realme’s world-class design studio has attracted top designers wordwide such as Naoto Fukasawa, Jose Levy and more. realme plans to bring more designers from the US, Japan, Korea and Europe to infuse their works through realme products for a global audience.

The smart audio market is a fast-evolving market, with new features such as 5G and AIoT being experimented with in new products. As such products become cheaper and more reliable, consumers are becoming open to relying on technology for their daily needs. “Accounting for more than half the market, wireless earphones are the most popular category in India, with all the top five players, including smartphone vendors Samsung, Realme and Xiaomi, shipping more wireless earphones than any other category in Q1,” said Canalys Analyst Madhumita Chaudhary.

realme found success through deeply understanding their customers and being responsive to their needs. Recently, realme broke the record in selling smart TVs in India – they sold 15,000 smart TVs in just 10 minutes. realme has also announced their plan to release more than 50 AIoT products by the end of 2020 and more than 100 in 2021, to a global audience of more than 50 different countries and regions. With a strong lineup of products and a deep understanding of its markets and consumers, realme has ambitious aims to be the leader for consumer AIoT products on a global scale.

About realme

realme is a technology brand that provide superior quality and trendsetting smartphones and AIoT products to the global market. realme users are young, ambitious and globally minded. realme products empower these people to ‘Dare to Leap’ using the latest in technology and design.

realme is the seventh top smartphone brand in the world and was recognized as one of the mainstream smartphone brands according to Counterpoint’s statistics of global smartphone shipments in Q3 2019. In 2019, realme’s global smartphone shipments reached 25 million with a YoY growth rate of 808%, making realme the fastest-growing smartphone brand in the world. realme has entered 59 markets worldwide, including China, Sountheast Asia, South Asia, Europe, Russia, Australia, Middle East, Africa with global user base of over 35 million.

www.realme.com

 
PR Newswire

Livestream Shopping Market Contributing 24.2 Billion RMB in China’s Mid-year Shopping Festival — Released by O’Ratings

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SHANGHAI, July 13, 2020 — O’Ratings, a third party monitor, released the data of Chinese mid-year shopping festival on July 1st. It showed that live-stream shopping hit another new record in China, contributing 24.2 billion RMB (449.5 million US$) sales during the recent mid-year shopping campaign. Live streaming is becoming a staple of e-commerce product promotion.

Live stream shopping has been developed since 2016 by e-commerce platforms in China and set off an upsurge in 2018 when popular live-streamers could sell more than 300 million RMB (43 million US$) a year and their online viewers could reach 10 million at one time. During the pandemic, bridging the gap between the source of goods and consumers, the Chinese government encouraged people to use live-streaming to sell unsalable products caused by massive lockdowns and upgraded the live-stream shopping industry. Now live stream is indispensable for product marketing in China. 

O’Ratings monitored 806,000 live streaming chat rooms across different platforms on June 18th, China’s mid-year shopping festival, and it showed that the amount of sales was over 3.5 billion RMB (500.6 million US$) and 412 million viewers watched live streams on that day. Taking the sales since the very beginning of 618 shopping campaign into account, the total sales was 24.2 billion RMB (3.4 billion US$). The top 3 best-selling categories on Taobao were jewelry, clothes and food, and the top 3 on Douyin (Chinese TikTok) were food, mother and baby products and cosmetics.

Five indexes O’Ratings are monitoring

  • Live-streaming ratings 
  • Peak Viewers 
  • Market share 
  • Sales index 
  • Engagement index

Key findings of O’Ratings’ monitoring data

  • Many brands pay celebrities a lot for product promotion, but professional live-streamers’ performance is much better than celebrities’. O’Ratings picks 30 popular live-streamers and 30 celebrities, and analyzes their 10 week live-streaming performance. It shows that professional live-streamers’ sales index was 8 times of celebrities’. 
  • Timing is very important when retailers choose live-streamers to sell products. After calculation, it finds that every product is sold at a fixed frequency. Those fast-consuming products have a higher frequency than durable ones. For example, snacks’ frequency is one day, while cellphone’s is 55 days. Because if a live-streamer sells cellphones today, the fans do not need to buy another phone for some time. When retailers promote their products by live stream, they should notice the time period of product and whether the live-streamer has sold the same kind of product recently. 
  • Non-standard product, like jade and pets, have great potential in live-streaming. With the live stream market taking shape, popular live-streamers who are preferred by retailers, occupy most of the market share. But they can not substitute live-streamers who sell unique products. For example, a baker streams how he makes a cake and sells it. 

About O’Ratings

O’Ratings is a third party live-stream monitor. O’Ratings records live stream data across different platforms, analyzes the latest trend and provides insights of live stream industry.

PR Newswire

Customer Contact VIRTUAL: A Frost & Sullivan Executive MindXchange

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Proving that networking, collaboration and community can be formed virtually

SANTA CLARA, California, July 10, 2020 — Due to the global health crisis and in the best interests of our participants, clients and employees, Frost & Sullivan has decided to transition the live Customer Contact East: A Frost & Sullivan Executive MindXchange to an all-encompassing virtual experience. This virtual event will take place September 22-24 and includes four hours of virtual content and interactive experiences each day.

Customer Contact VIRTUAL: A Frost & Sullivan Executive MindXchange
Customer Contact VIRTUAL: A Frost & Sullivan Executive MindXchange

The agenda for Customer Contact VIRTUAL: A Frost & Sullivan Executive MindXchange is currently being confirmed; for full details, please visit: frost.com/cc-virtual

Customer Contact VIRTUAL will incorporate the same interactive and experience-driven themes as the original in-person event. Topics on the agenda will range from customer contact best practices to specific game plans of how to navigate the customer experience during a crisis. Participants should expect to share insights, build relationships and gain unique cross-industry perspectives from a savvy group of industry vice presidents, directors, managers and other senior-level executives. The virtual event will include several interactive formats, including roundtables, think tanks, demos, a virtual exhibit hall, as well as special VIP activities.

Since the outbreak of the COVID-19 pandemic, Frost & Sullivan has hosted a monthly Customer Contact & Customer Experience Webinar Week Series to provide different industry audiences virtual options during a time when in-person events have been canceled or postponed. The April and May webinar weeks have attracted over 600 unique registrants and delivered best-in-class insights to customer contact and CX professionals.

For additional information, please email events.us@frost.com.

About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Contact us: Start the discussion

Contact:
Adam Kahn
Global Senior Director, Digital Strategy & Marketing Operations
adam.kahn@frost.com
Phone: 508.538.1010

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PR Newswire

Paige Applauded by Frost & Sullivan for its Leading AI-based Computational Pathology Offering that Enables Fast and Accurate Cancer Diagnoses

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Paige leveraged the world’s largest dataset in pathology to develop an unparalleled computation pathology offering

SANTA CLARA, California, July 8, 2020 — Based on its recent analysis of the North American AI-based digital pathology market, Frost & Sullivan recognizes Paige with the 2020 North American Enabling Technology Leadership Award for its disruptive product offering.

Paige
Paige

Paige has developed robust machine learning models for computational pathology for detecting cancer subtypes, thereby enhancing the diagnosis capability of pathologists worldwide. Paige’s AI-based technology was developed and tested on over 100,000 de-identified, digitized slide images from more than 16,000 cancer patients. The deep learning algorithms detected prostate cancer, skin cancer, and breast cancer with near-perfect accuracy.   

“Paige’s AI algorithms validated against the world’s largest dataset in pathology makes it the most trustworthy best in class pathology diagnosis solution,” said Debarati Sengupta, Industry Analyst, Frost & Sullivan. “Paige’s technology eliminates the need to curate datasets, which is time-consuming and expensive. Paige’s AI based pathology offering enables pathologists to make a fast and accurate diagnosis of even the most complex and difficult to interpret slides.”

The Paige offering consists of general and organ-specific products that provide rapid diagnostic stratification, cancer detection, tumor segmentation, and prediction of treatment response, and overall survival. Its algorithms form a portfolio of AI-based digital diagnostics and biomarkers to help pathologists provide diagnoses. For security purposes, all datasets used to build the products were de-identified, and any protected health information or label text was removed.

Notably, Paige’s computational pathology offering received the Breakthrough Device designation by the US Food and Drug Administration (FDA) in 2019, making it the first such device for cancer diagnosis. Furthermore, it began commercializing in 2019 following its CE mark approval for Paige Prostate, which is a first-to-market prostate cancer detection solution, and a digital pathology viewer for the primary diagnosis of any digital slide. Paige’s AI-based solutions are vendor agnostic, which helps it serve a wider pool of customers.

In 2020, it formed a strategic partnership with Invicro LLC, a Konica Minolta company to provide its AI-based integrated pathology solutions to support Invicro’s drug discovery and development initiatives. “Paige continues to expand its footprint not just in commercial laboratories, but also in biopharmaceutical companies, positioning itself as a pioneer in AI-based digital pathology market” noted Sengupta.

Each year, Frost & Sullivan presents this award to a company that has developed a pioneering technology that not only enhances current products but also enables the development of new products and applications. The award recognizes the high market acceptance potential of the recipient’s technology.

Frost & Sullivan Best Practices awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research to identify best practices in the industry.

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

Contact:
Kristen Moore
P: 210.247.3823
E: kristen.moore@frost.com

About Paige
Paige was founded in 2017 by Thomas Fuchs, Dr.Sc., and colleagues from Memorial Sloan Kettering Cancer Center.  The Company builds computational pathology products designed so patients and their care teams can make faster, more informed treatment decisions. With this new class of diagnostic devices positioned to drive the future of pathology, Paige created a platform to deliver this novel technology to pathologists to transform their workflow and increase diagnostic confidence and productivity.  Paige’s lightweight platform was purpose-built with pathologists to offer an intuitive user experience, minimize IT burden and costs while ensuring patient safety and data privacy. Our products deliver insights to pathologists so they can arrive efficiently at more precise diagnoses for patients. Paige is the first and only company to receive FDA breakthrough designation for computational pathology products.

For additional information, please visit:  https://www.Paige.ai  Twitter and LinkedIn

Media Contact:
NRPR Group
Nicole Rodrigues
(650) 815-5069
nicole@nrprgroup.com

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PR Newswire

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

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

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

Future of Pumps
Future of Pumps

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

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

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

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

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

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

About Frost & Sullivan

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

2025 Vision: Future of Pumps in a Connected World

K47A

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

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PR Newswire

Neusoft Ranks Top in China Healthcare IT Solutions Market for Ten Consecutive Years

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SHENYANG, China, July 2, 2020 — Recently, International Data Corporation (IDC) has released the China Market Shares of Core Hospital Management Systems 2019: Upgrading Core Systems to Support Healthcare Digital Transformation. According to this report, Neusoft took the first place in China core hospital management systems solutions market in 2019 and topped the ranking of China healthcare IT solutions market for the tenth consecutive year, continuing leading the healthcare informatization construction in China.

In the healthcare informatization sector, Neusoft is a leading provider of intelligent healthcare integrated solutions in China. With the largest client base in the industry in China as well as the best practices in various sub-sectors, Neusoft is striving to facilitate the rapid development of healthcare informatization and promoting China’s healthcare system reform. Neusoft is also the first large provider to have launched core hospital management systems, with leading market shares as well as advanced concepts and products.

With over two decades’ devotion to the healthcare sector, Neusoft consistently commits itself to utilizing information technologies to promote the harmonious development of the healthcare ecosystem. Nowadays, Neusoft’s healthcare business has covered hospital informatization, health insurances, medical equipment, cloud hospitals, medical big data and intelligence, health and medical education, medical IoT and 5G, etc., and Neusoft has built a sustainable IT-centric ecosystem.

In the future, Neusoft will continue to empower the healthcare industry through software. Neusoft will keep promoting the integration of information technology and the healthcare, make the new technologies like artificial intelligence, blockchain, cloud computing, big data, internet of things become new medical elements, and build a sustainable healthcare ecosystem for creating more value for the society, industry and clients.

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

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

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

Global Big Data Analytics
Global Big Data Analytics

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

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

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

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

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

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

About Frost & Sullivan

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

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

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

http://ww2.frost.com

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