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PR Newswire

The Critical Need for IoT Cybersecurity Will Drive Device Authentication Services to US$8.4 Billion Revenues by 2026

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The increasing threat landscape is forcing IoT implementors and vendors to embrace and prioritize new hardware-focused digital security options 

LONDON, July 2, 2020 — By 2026, IoT connections will exceed 23 billion across all major IoT markets. Almost all those connections will be faced with incessant and constantly evolving cyber-threats, forcing implementers and IoT vendors to embrace new digital security options to protect managed fleets and connected assets. Secure device authentication currently stands among the top-tier investment priorities for key IoT markets. Global tech market advisory firm, ABI Research, expects that hardware focused IoT authentication services will reach US$8.4 billion in revenues by 2026.

“There are several key technologies revolving around authentication security that currently transform the IoT device value chain. Chief elements among them revolve around IoT identity issuance, provisioning, authentication, encryption key lifecycle management, access management and attestation,” explains Dimitrios Pavlakis, Industry Analyst at ABI Research. These are the prime focus of IoT vendors who capitalize on the emerging threat horizon to better position their services and explore new IoT monetization models.

“As it currently stands, the IoT is not a secure place for future deployments and both IoT players and digital security vendors are aware of that,” comments Pavlakis. “The good news is that the recent change in thinking has caused a noticeable mentality shift and investment surge for secure authentication technologies across the IoT ecosystem; the bad news is that this also gives rise to many IoT management offerings with questionable levels of security and intelligence.”  

IoT authentication services need to consider a plethora of variables, sharing both operational and connectivity as well as security characteristics. “Just because cybersecurity investments need to enter deeper into the IoT deployment equation does not mean that operational variables will be left unaccounted,” explains Pavlakis. “Bandwidth capacity, connectivity requirements, operational specifications and device heterogeneity, digital footprint and processing power, edge-cloud dependencies, telemetry and intelligence are all key factors that need to be addressed to obtain a sustainable growth for the IoT going forward.”

Many IoT security vendors are taking advantage of the recent IoT investment surge to increase their market footprint and deliver security-first authentication and management services for the IoT supported by a multitude of flexible pricing models. Market leaders and innovative companies offering IoT security services operating in different areas of the IoT value chain include Intel, Microsoft Azure, Amazon Web Services, Entrust Datacard, Rambus, Data I/O, and Globalsign.

These findings are from ABI Research’s Device Authentication in IoT technology analysis report. This report is part of the company’s Digital Security research service, which includes research, data, and ABI Insights. Based on extensive primary interviews, Technology Analysis reports present in-depth analysis on key market trends and factors for a specific technology.

About ABI Research
ABI Research provides strategic guidance to visionaries, delivering actionable intelligence on the transformative technologies that are dramatically reshaping industries, economies, and workforces across the world. ABI Research’s global team of analysts publish groundbreaking studies often years ahead of other technology advisory firms, empowering our clients to stay ahead of their markets and their competitors. 

ABI Research提供开创性的研究和战略指导，帮助客户了解日新月异的技术。 自1990年以来，我们已与全球数百个领先的技术品牌，尖端公司，具有远见的政府机构以及创新的贸易团体建立了合作关系。 我们帮助客户创造真实的业务成果。 

For more information about ABI Research’s services, contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific or visit www.abiresearch.com.

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Deborah Petrara
Tel: +1.516.624.2558
pr@abiresearch.com

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TUV Rheinland: Cyber risks for industrial plants underestimated

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TUV Rheinland and Ponemon Institute publish worldwide study on the Cybersecurity of industrial plants. All information at https://go.tuv.com/otsurvey-2020

COLOGNE, July 2, 2020 — Cyberattacks can threaten the industrial facilities of companies even more than their IT systems. However, a holistic view of the security of industrial plants is often lacking. This is a key finding of a recent study on security in industrial companies by TUV Rheinland and the Ponemon Institute.

Operational Technology in the sights of the hackers

Operational Technology (OT) is the main target for cyberattacks on industrial plants. These are devices and systems that control or monitor industrial processes – such as motors, pumps or valves. "OT systems differ in function and technology from classic corporate IT. At the same time, successful cyberattacks on OT systems often cause particularly high levels of damage to the companies affected", explains Petr Láhner, Executive Vice President of the Business Stream Industrial Service & Cybersecurity at TUV Rheinland. "We have therefore placed the Cybersecurity of Operational Technology at the center of our study, following on from the findings of the first study on this subject in 2019".

Measures for IT and OT systems not coordinated

For the "2020 Study on the State of Industrial Security", the independent market research company Ponemon Institute surveyed more than 2,200 cybersecurity experts worldwide from the automotive, health and pharmaceutical, logistics and transport, mechanical engineering, oil and gas and utility sectors. The Ponemon Institute, based in Traverse City, Michigan, is dedicated to independent research on information and privacy management in companies.

The following results show how much cyberattacks endanger OT systems:

  • More than half of the respondents (57 percent) say that their companies firmly expect attacks on OT systems.
  • Almost half (48 percent) are convinced that cyber threats pose a greater risk to OT systems than to the IT environment.
  • Almost two thirds (63 percent) of those surveyed stated that security measures for IT and OT systems are not coordinated in their companies.
  • For almost half of the respondents (47 percent), cyber threats to OT systems have increased over the past year. These include attacks such as phishing, social engineering and extortion software ("ransomware").

"From our point of view, it is crucial that companies tailor their cybersecurity measures to the specific requirements in Operational Technology. For example, some control systems may have limited cybersecurity controls in place and could subsequently be vulnerable to cyber threats. To do this, companies have to assess their OT cyber risk and invest time and money for best effect. It is alarming that in the view of the experts surveyed, there are too few financial or professional resources available for OT security. In addition, a holistic view of the security of industrial plants is often still lacking. In an increasingly networked world, industrial plants are only really secure if both their IT and OT cybersecurity is addressed", Láhner says.

The "Study 2020 on the state of industrial safety" is available for free download at https://go.tuv.com/otsurvey-2020.

About TUV Rheinland

TUV Rheinland stands for safety and quality in almost all areas of business and life. Founded almost 150 years ago, the company is one of the world’s leading testing service providers with more than 21,400 employees and annual revenues of 2.1 billion euros. TUV Rheinland’s highly qualified experts test technical systems and products around the world, support innovations in technology and business, train people in numerous professions and certify management systems according to international standards. In doing so, the independent experts generate trust in products as well as processes across global value-adding chains and the flow of commodities. Since 2006, TUV Rheinland has been a member of the United Nations Global Compact to promote sustainability and combat corruption. Website: www.tuv.com

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Sweeping Workplace Changes Expected in a Post-pandemic World, Says Research From The Adecco Group

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Businesses and workers call for greater flexibility, questions raised over the hours-based contract, and a new empathetic leadership profile emerges

ZURICH, June 30, 2020 —

  • Workers demand greater flexibility after coronavirus, with a 50/50 split of remote and office time confirmed as the universal ideal
  • Questions raised over the hours-based contract, with 69% saying contracts should be based on results delivered rather than hours worked
  • Boom in digital skills an unintended consequence of lockdown, with tech knowhow improving for six in 10 (61%), and two thirds (69%) eager for further digital upskilling post-pandemic
  • Leaders need to reinvent themselves as more emotionally intelligent, but they are not prepared, as less than half felt equipped to support employees holistically during the pandemic

The coronavirus pandemic has resulted in pivotal shifts in attitudes and expectations among workers and leaders, as both call for permanent changes in how and where we work, workplace relationships and future skills, according to new research from the Adecco Group.

The Adecco Group, the world’s leading HR solutions company, today unveiled the results of its latest study, Resetting Normal: Defining the New Era of Work, examining the expected short- and long-term impact of the pandemic on resetting workplace norms. Fieldwork was conducted in May 2020, with 8,000 office-based respondents (aged 18-60) across Australia, France, Germany, Italy, Japan, Spain, the UK and the USA.

The Adecco Group’s Chief Executive Officer, Alain Dehaze, said: “The world of work will never return to the ‘normal’ we knew before the pandemic struck. The sudden and dramatic change in the workplace landscape has accelerated emerging trends such as flexible working, high-EQ leadership, and re-skilling, to the point where they are now fundamental to organisational success. As many countries emerge from the acute crisis phase of the pandemic, employers have an opportunity to ‘hit reset’ on traditional workplace practices – many of which have remained largely unchanged since the industrial revolution. This research highlights that employee attitudes have shifted and gaps between workforce expectations and entrenched labour market processes have been exposed. As we step into the new era of work, now is the time to establish better norms that will enable a holistically healthy, productive and inclusive workforce into the future.”

Key research highlights:

The research revealed that the working world is ready for a new “hybrid” model, with three quarters (74%) of workers surveyed saying a mix of office-based and remote working is the best way forward. The universal ideal of spending half (51%) of their time in the office and half working remotely (49%) transcends geographies, generations and parental status. And company executives agree, with almost eight in ten (77%) C-suite leaders saying businesses will benefit from increased flexibility.

Another stark finding could signal the end of the hours-based contract and 40-hour week. More than two thirds (69%) of workers are in favour of “results-driven work,” whereby contracts are based on delivering against business needs rather than working a set number of hours. A high proportion of C-suite executives (74%) agree that the length of the working week should be revisited.

The pandemic has also demanded a new set of leadership competencies and these expectations are expected to accelerate a reinvention of the modern-day leader. Emotional intelligence has clearly emerged as the defining trait of today’s successful manager, but the soft skills gap is evident. Over a quarter (28%) of those questioned said their mental wellbeing had worsened due to the pandemic, with only 1 in 10 rating their managers highly on their ability to support their emotional health.   

In a similar nature to flexible working, the findings demonstrate a universal appetite for mass upskilling. Six in 10 say their digital skills have improved during lockdown, while a further two thirds (69%) are looking for further digital upskilling in the post-pandemic era. A broad range of skills development were identified as important by the workforce, including managing staff remotely (65%), soft skills (63%) and creative thinking (55%).

Finally, the findings highlighted the importance of sustaining trust in the new working world. Companies have risen to the challenge of supporting their people during the crisis, and as a result, trust in corporations has increased. In fact, 88% say that their employer met or exceeded their expectations in adapting to the challenges of the pandemic. And with this increased trust comes increased expectations. While the future of work is a collective responsibility, 80% of employees believe their employer is responsible for ensuring a better working world post-COVID and resetting norms, compared with 73% who say the government is responsible, 72% who agree it is an individual responsibility, and 63% who believe it is in the hands of labour unions.

For more information: 

  • Download the Resetting Normal: Defining the New Era of Work full report here.
  • Follow us on social #ResetNormal for updates 

About the Adecco Group

The Adecco Group is the world’s leading HR solutions company. We believe in making the future work for everyone, and every day enable more than 3.5 million careers. We skill, develop, and hire talent in 60 countries, enabling organisations to embrace the future of work. As a Fortune Global 500 company, we lead by example, creating shared value that fuels economies and builds better societies. Our culture of inclusivity, entrepreneurship and teamwork empowers our 35,000 employees and we are proud to have been consistently ranked one of the ‘World’s Best Workplaces’ by Great Place to Work®. The Adecco Group AG is headquartered in Zurich, Switzerland (ISIN: CH0012138605) and listed on the SIX Swiss Exchange (ADEN) and powered by nine global brands: Adecco, Adia, Badenoch & Clark, General Assembly, Lee Hecht Harrison, Modis, Pontoon, Spring Professional and Vettery.

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Twitter: @AdeccoGroup

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PR Newswire

Locus Listed as a Representative Vendor in Gartner’s Market Guide for Vehicle Routing and Scheduling

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The Company was recognized as a Representative Vendor in the 2020 report

WILMINGTON, Delaware, June 29, 2020 — Locus, a global B2B SaaS company that automates human decisions in the supply chain, today announced that it has been identified as a Representative Vendor in the Gartner ‘Market Guide for Vehicle Routing and Scheduling’ report1. Gartner is a leading research and advisory company.

The report gives an overview of the Vehicle Routing and Scheduling market and lists vendors. "Vehicle routing and scheduling (VRS) applications are evolving into solutions in which the routing algorithm is almost becoming a secondary feature. There is an increased focus on new technologies, such as machine learning (ML) and artificial intelligence (AI), and on functions such as last-mile fulfillment and customer experience," says the report.

The Locus platform uses deep machine learning and proprietary algorithms to offer smart logistics solutions like route optimization, real-time tracking, insights and analytics, beat optimization, efficient warehouse management, vehicle allocation and utilization. Locus also helps companies optimize their end-to-end supply chain network with its strategic consulting offering.

Locus presently works with top clients across Southeast Asia, North America, Europe, and India. It has offices in the USA, India, Indonesia, and Vietnam. The top management of the company includes executives from Amazon Web Services (AWS), Barclays Capital, Google, and BlueDart (a DHL company), and data scientists with PhDs from Carnegie Mellon University and the University of Illinois, among others. 

"We believe being named by Gartner Market Guide for Vehicle Routing and Scheduling as a Representative Vendor reinforces the value we add to our customers. Supply chains have become increasingly complex these days. On top of it, COVID-19 has made life tougher and exposed the lack of collaboration, coordination, and visibility in the supply chain. Locus’ solutions help streamline supply chain operations, thereby bringing supply chain to the forefront of businesses," said Nishith Rastogi, Chief Executive Officer, Locus. 

Locus has achieved a peak of 2 million+ orders processed in a day (200,000 orders an hour). The company’s solutions are now tried and tested on over 500 million+ order deliveries, and its operations have expanded to 1000+ cities across the globe.

The company has so far raised $29 million from tier-1 investors including Tiger Global, Falcon Edge, Blume Ventures, Exfinity Venture Partners & growX ventures.

Gartner subscribers can log in to read the full research on the website.

1Gartner, "Market Guide for Vehicle Routing and Scheduling," Oscar Sanchez Duran, Bart De Muynck, 23 June 2020.

Gartner Disclaimer

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About Locus:

Locus is a deep-tech platform that automates human decisions in the supply chain to provide efficiency, transparency, and consistency in logistics operations.

The platform uses deep machine learning and proprietary algorithms to offer smart logistics solutions like route optimization, real-time tracking, insights and analytics, beat optimization, efficient warehouse management, vehicle allocation and utilization. Locus powers more than two million deliveries daily across Southeast Asia, the Indian Subcontinent, Europe, and North America. Visit www.locus.sh to know more.

Media Contact:

Please reach out to – Marketing@locus.sh

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PR Newswire

IIoT and 3D Printing Propel Growth for North American Industrial Valve Makers amid Volatile Market

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Rising demand for digital technologies and need to upgrade existing refineries to offset COVID-19 impact on the sector, finds Frost & Sullivan

SANTA CLARA, Calif., June 26, 2020 — Frost & Sullivan’s recent research, Analysis of the North American Industrial Valves Market, Forecast to 2026, predicts that this market will reach $7.45 billion by 2026 because of the growing potential of digital technologies, namely the Industrial Internet of Things (IIoT) and 3D printing, across industry verticals. Although the market is mature, rising demand for smart solutions and the need to upgrade existing systems to meet enhanced safety regulations will offer new opportunities for market participants.

IIoT and 3D Printing Propel Growth for North American Industrial Valve Makers amid Volatile Market
IIoT and 3D Printing Propel Growth for North American Industrial Valve Makers amid Volatile Market

For further information on this analysis, please visit: http://frost.ly/464

“Although prolonged geopolitical tensions and a bleak investment climate in North America have negatively impacted the sector, there are positive growth opportunities for the long term. These include the gradual integration of IIoT across asset-intensive industries and demand from end-user industries such as power generation to meet enhanced safety regulations,” said Riti Newa, Industrial Research Associate. “However, in the short term, the market will be subject to sharp revenue declines amid the ongoing pandemic. The COVID-19 outbreak has impacted all end users, especially the oil & gas industry, as evident from the unprecedented decline in its demand. As the financial crisis intensifies due to the pandemic, new investment opportunities will be relatively low in 2020.”

Newa added: “Market participants are responding to protracted market tensions and the gradual transition of end users to digital solutions by introducing new products such as smart valves, smart actuation and control products and automated fluid control systems to augment the use of IIoT. They are also shifting from a product-centric to a service-centric approach and are strengthening their service offerings to secure recurring revenue. Additive manufacturing is also expected to remain a key focus area for the industrial valves market due to the cost-effectiveness and flexibility of 3D printing. As requests from end users become more specific, solution providers will have to consider 3D printing to offer customized product lines.”

Given the already mature market, industrial valve manufacturers should focus their efforts on growth strategies that would enable diversified product lines while integrating digital technology in market offerings.

For further revenue opportunities, industrial valve manufacturers should:

  • Collaborate with digital solution providers and niche IoT companies to seamlessly integrate digital technologies into their product lines.
  • Adapt and modify their product lines by partnering with system integrators and IT solution providers for digitally connected valve solutions with holistic data analytics.
  • Invest in research and development (R&D) for smart software and data analytics platforms that can enable high-asset visibility and remote monitoring services for end users.
  • Partner with 3D printing companies to acquire in-house expertise and infrastructure for 3D printing.
  • Establish service lifecycle management and centers of excellence to ensure optimum client engagement with services provided.

Analysis of the North American Industrial Valves Market, Forecast to 2026 is part of Frost & Sullivan’s global Industrial Automation Growth Partnership Service program.

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.

Analysis of the North American Industrial Valves Market, Forecast to 2026

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Corporate Communications
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PR Newswire

AuraPortal Announces Move Beyond RPA to Deliver Hyperautomation

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A complimentary copy of the Gartner report “Move Beyond RPA to Deliver Hyperautomation” has been made available on AuraPortal’s website.

MIAMI, June 25, 2020 — According to Gartner, “Enterprise architecture and technology innovation leaders lack a defined strategy to scale automation with tactical and strategic goals. They must deliver end-to-end automation beyond RPA by combining complementary technologies to augment business processes. Gartner calls this ‘hyperautomation’.”

End-to-end automation is more essential than ever before, and enterprises worldwide are reprioritizing their digital strategies to rapidly adapt to the current environment. AuraPortal recognizes this pressing need and has made this complementary report available to help enterprise architecture and technology innovation leaders develop key strategies for enabling hyperautomation and plan strategic roadmaps by aligning business goals, identifying processes to optimize and choosing complementary technologies.

Combining technology could potentially lead to disparate software silos or seamless end-to-end automation and given that no single vendor specializes in all cutting-edge technologies, enterprises must carefully evaluate which technology combinations can power their automation strategies and achieve the desired business outcome.

In the report, Gartner explains about the following technologies:

1)  BPM Platforms

“Intelligent BPM suites (iBPMS) have a solid foundation of tools for orchestrating processes and automating tasks within those processes.”

2)  RPA

“RPA is a noninvasive integration technology used to automate routine, repetitive and predictable tasks through orchestrated UI interactions that emulate human actions.”

3) Low-code Application Platforms

“The graphical nature of LCAP development environments can be used for modeling rapid automation of a business process.”

4) Process mining and discovery/analytics

“Process mining is designed to discover, monitor and improve real processes by extracting knowledge from the event logs readily available in application systems.”

5) Decision management suites/ Business Rules Management Systems

“DMSs are used to supplement conventional application development and runtime tools when a business application includes decisions that entail complicated or frequently changing logic.”

6) AI

Examples of how to augment business processes with AI.

For more information about this report visit: https://www.auraportal.com/move-beyond-rpa-to-deliver-hyperautomation

Source: Gartner, Move Beyond RPA to Deliver Hyperautomation, Saikat Ray, Cathy Tornbohm, Marc Kerremans, Derek Miers, December 16, 2019.

Media Contact:

Kirsty Roberts, Marketing specialist
info@auraportal.com

PR Newswire

Global Security Industry Shifts to Service-based Solution Offerings Post-Pandemic

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Security markets across countries will recover at a different pace but the outlook is promising, finds Frost & Sullivan 

SANTA CLARA, California, June 25, 2020 — Frost & Sullivan’s recent analysis, Post-Pandemic Growth Opportunity in the Global Security Industry, finds that the security industry has tremendous investment opportunities despite the economic slowdown witnessed due to COVID-19. Under an aspirational recovery scenario, the global security industry is likely to grow at a compound annual growth rate (CAGR) of 4.3%, garnering revenue of $140.60 billion by 2025 from $109.30 billion in 2019. The conservative forecast scenario predicts that the industry will generate $131.01 billion between 2019 and 2025, at a CAGR of 3.1%. In the pre-COVID-19 forecast, the industry was estimated to increase at a CAGR of 7.1%, generating revenue of $164.97 billion over the forecast period.


For further information on this analysis, please visit: http://frost.ly/46o

"COVID-19 will cause a brief slowdown in the security market after almost a decade of uninhibited progress," said Danielle VanZandt, Aerospace, Defense & Security Industry Analyst at Frost & Sullivan. "Additionally, while some security sectors may find themselves experiencing a slower recovery than others, much of the industry will witness a shift to more service-based solution offerings after years of hesitance by customers to adopt these solutions."

VanZandt added: "The key security markets such as disaster management, banking and finance, and airport security will recover at a different pace, and the time taken to return to pre-crisis spending levels will also vary significantly. Markets that will record higher-than-average CAGRs during the recovery period include ports (4.5%), disaster management (4.0%), first responders (4.0%), and mass transit (4.0%)."

Despite a marginal slowdown expected in 2020 and 2021, strong demand-side trends will present immense development potential for security market participants. The following trends are forecast to generate growth opportunities in this sector:

  • Digitalization priorities: Remote/cloud-connected access to security systems and monitoring tools will witness a drastic rise in demand as manned guarding will become extremely limited due to stay-at-home orders issued by state or federal governments, and likely not recover once those orders expire.
  • Emphasis on contactless technologies: In the post-pandemic period, contactless technologies such as biometrics, remote access and authentication, and multi-use analytics solutions will attract investments.
  • Plug-and-play surveillance: Customer willingness to deploy plug-and-play surveillance equipment over permanent system additions due to cost-effectiveness will offer vendors repeat business opportunities.  
  • Sensors-to-action: Vendors must prioritize the development/enhancement of data analytics and sensor networks’ capabilities to provide increased value to customers without having to purchase new solutions or equipment.

Post-Pandemic Growth Opportunity in the Global Security Industry is the latest addition to Frost & Sullivan’s Aerospace, Defense & Security research and analyses available through the Frost & Sullivan Leadership Council, which helps organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future.

About Frost & Sullivan
For 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 in the Global Security Industry
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Bringing Clarity to the Architecture & Engineering Industry: A Global Perspective

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HERNDON, Virginia, June 25, 2020 — Each year, Deltek surveys leaders in the architecture and engineering (A&E) industry to identify benchmarks, trends and market outlook to help businesses identify their strengths and opportunities for improvement. This year, Deltek is launching the 41st Annual Deltek Clarity Architecture & Engineering Industry Report for North America, and for the first time, an additional global perspective to monitor the same trends and benchmarks throughout the EMEA and APAC regions.

Regardless of location, A&E firms are facing the same challenges across the business. Finding time to nurture client relationships, competing priorities for project managers and increasing profitability are the top challenges identified in North America, EMEA and APAC while the strategies for addressing these challenges vary by region.

Emerging Technology Trends Impacting Firms

One of the key focus areas for the Deltek Clarity A&E Industry Report is how technology trends are impacting the industry. Emerging technologies such as Internet of Things (IoT), artificial intelligence (AI) and geolocation, are becoming increasingly important to A&E firms globally. In North America, the top three trends most important for firms are IoT, geolocation and augmented/virtual reality. In EMEA and APAC, the top three trends are similar with IoT, geolocation and big data rising to the top of the list.

Examining the various regions shows firms are addressing their challenges with emerging technologies in different ways. While EMEA and APAC firms are putting people at the heart of addressing technology challenges, North American firms are focused on the strategic and process side of the equation. EMEA and APAC firms noted that identifying and developing technology subject matter experts, hiring staff or acquiring a company with necessary expertise and identifying a champion to lead the initiatives are the top strategies for firms.

In North America, A&E firms are focused on developing strategic plans for implementing technology trends, educating staff on trends and developing a budget for strategic investment. There is no right or wrong answer in strategy, but what’s important is that firms take these challenges and develop action plans to better incorporate emerging technologies into their businesses. 

Benchmarking to Drive Business Forward

When setting targets for the business, it’s critical to evaluate if a firm’s targets are realistic – are targets too low or are expectations too high? The Deltek Clarity report delivers insight into numerous key performance indicators (KPIs) that are common in the industry such as projects on budget, utilization rate, operating profit, employee turnover rates and many more to enable firms to benchmark their business performance against other companies like theirs.

With the industry in flux, monitoring KPIs is more important than ever. Companies can use the benchmarks as a starting point to set more realistic targets, but then set up their solutions and processes to monitor the business consistently and frequently. If a company is global, it can now compare some of these key metrics to others within the same geography to ensure the targets are aligned regionally.

While the numbers themselves are a snapshot in time, this resource helps companies establish a realistic starting point, identify which KPIs they should be monitoring and empowers firms to do something about their business. What the number says is only a piece of the story. Using the KPIs, as well as the top challenges companies are facing, as a conversation starter with other leaders within the business, can help uncover underlying challenges or strengths. It’s also an opportunity to determine if technology is supporting the business or is creating more barriers. Some companies have the tools they need, but outdated processes are holding them back while other companies are still managing their business and monitoring their KPIs on spreadsheets and outdated systems.

Leveraging Technology to Address Top Challenges

As more firms explore digital transformation, they face challenges with not only the technology, but outdated processes. When looking at what the top firms are facing, processes and technology are at the core of nearly every challenge. A&E firms around the world are struggling with project managers having competing priorities. Firms are looking to address these challenges through more clearly defined responsibilities and better processes or best practices. Business developers are struggling to find time to nurture client relationships and the top challenge is the same across regions. Financial managers are looking for ways to better manage profitability while firms continue to struggle finding and retaining employees.

By looking at some of the key trends and challenges facing A&E companies around the world, firms can start to take a closer look at their own processes and their own technology to better understand where there are opportunities to up-level their technology, expedite their journey to digital transformation and streamline processes to make their business more efficient and effective.

Bringing Clarity to the Conversation

The Deltek Clarity report is a catalyst for meaningful conversations with leadership teams, management and employees, to help them uncover the barriers to success, identify areas for improvement and ensure alignment of initiatives across the business. The full reports will give firms greater insight into business and pinpoint where there is room for improvement. Deltek can help a firm’s digital transformation through technology and process improvement so it can move its business forward. It’s time to bring clarity to the conversation and take action to power project success.

For more information, download the Architecture & Engineering Industry Studies for North America and EMEA & APAC or visit Deltek.com.

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PR Newswire

China issues white paper, sharing experience in COVID-19 fight

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BEIJING, June 12, 2020 /PRNewswire/ — A news report by China.org.cn on China’s recently issued white paper “Fighting COVID-19: China in Action”:

 

China recently released a white paper titled “Fighting COVID-19: China in Action.” At around 37,000 Chinese characters in length, the document records the country’s efforts in its battle against the coronavirus.

The white paper provides a detailed account of China’s response to the unexpected disease. The country enforced quarantine measures on an unprecedented scale, closed outbound routes from Wuhan, halted public gatherings, and introduced rigorous border controls, thus effectively blocking the transmission routes of the virus. China mobilized medical resources across the country, constructed the Huoshenshan and Leishenshan hospitals in around 10 days, and built 16 Fangcang shelter hospitals, thereby massively increasing treatment capacities.

During this unusual period, medical workers rose to the challenge and put themselves in harm’s way. With a firm resolve, the people of Wuhan and Hubei overcame all kinds of difficulties after the closure of the province’s exit channels. Community workers, police officers, customs staff, couriers, sanitation workers, and others from all sectors of society, remained at their posts with unity and dedication. Meanwhile, ordinary people observed self-isolation at home, avoiding outdoor activities and gatherings.

The white paper shows that confronted by the most challenging public health emergency since the founding of the People’s Republic of China, the country has succeeded in turning around the situation within a few months. This can be attributed to the philosophy of putting people’s lives first upheld by the government and the whole of society, as well as the united and painstaking efforts of 1.4 billion Chinese people.

Having paid a heavy price, China has contained the spread of the virus within a short time. This represents the country’s responsibility for securing regional and international public health.

Since COVID-19 struck, China has shared information with the international community in a timely manner. From Jan. 11, China started updating the WHO and other concerned parties on a daily basis. On Jan. 12, China submitted the genome sequence of the novel coronavirus to the WHO, which was shared globally. Since Jan. 4, China has maintained close contact with relevant U.S. authorities, sharing information and cooperating on technical matters. The white paper provides a clear timeline of these efforts.

By issuing the white paper, China has published a record of its fight against COVID-19 in an open and transparent manner, and sincerely shared its experience with the rest of the world. Only by acting according to the vision of a global community of shared future can we strengthen confidence, work together, and embrace a brighter tomorrow for mankind.

China Mosaic
 http://www.china.org.cn/video/node_7230027.htm
 China issues white paper, sharing experience in COVID-19 fight
http://www.china.org.cn/video/2020-06/12/content_76156746.htm  

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Miaozhen Systems: 31.9% of digital ad traffic was invalid in China 2019, costing the industry 28 billion RMB

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BEIJING, June 12, 2020 /PRNewswire/ — A new report by Miaozhen Systems, China’s leading omni measurement and business intelligence analytics solutions provider, has found that 31.9% of all online advertising traffic in China was invalid in 2019, costing the China brand marketing industry an estimated 28 billion RMB.

The report, “China Digital Advertising Invalid Traffic Report in 2019”, is the first of its kind to examine invalid traffic in new advertising formats and media. In addition to PC and mobile ads, this report analyzed the state of invalid data in NEW TV ads, offline and outdoor ads, online consumer leads, social media ads, KOL marketing, and more. With data collected from 65,000 campaigns by 2,000 brands across 1,200 platforms, it is the most accurate and comprehensive report on this subject to date.

Key findings for 2019 are summarized below:

  • Invalid traffic (IVT) made up 31.9% of all digital advertising traffic in China, up 1.7pp from 2018;
  • 39.9% of vertical media traffic was invalid; IT verticals had the highest IVT rate at 49%, up 14pp from 2018;
  • Across industries, internet and communications saw the greatest IVT increase (up 6.3pp from 2018) and suffered the highest IVT rate;
  • 10% of NEW TV ad traffic was invalid; agencies contributed the most invalid exposure;
  • 26% of all online consumer sales leads were invalid, with major implications for auto and other industries that rely on online lead collection;
  • 4.2% of outdoor advertising was invalid or not displayed;
  • 48% of social media advertising traffic was invalid. On average, 57.5% of KOL fans were invalid, with baby & mom KOLs having the highest rate of invalid fans (65.1%).

Since 2013, Miaozhen has been dedicated to the healthy development of the China digital marketing ecosystem. Besides contributing to national digital marketing industry standards, Miaozhen offers innovative, cutting-edge IVT filtration and influencer evaluation solutions to help make the industry more transparent and trustworthy. Clients who used Miaozhen’s intelligent IVT filtration solution SmartVerify had an average IVT rate of 4.7%, far lower than the 2019 average of 31.9%, and saved an estimated total of 4.5 billion RMB that would have been lost to invalid traffic.

To learn more about Miaozhen Systems, please visit www.miaozhen.com.

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