Media Web Banner UM5606 Zenbook S 16 AMD 970x250

PR Newswire
FICO Survey: Philippine Consumers more Comfortable Opening Bank Accounts with Smartphones than Americans and British

26 percent of Filipinos prefer to open a bank account on their phone compared to 18 percent in the US and 25 percent in the UK

MANILA, Philippines, June 12, 2020 /PRNewswire/ —

Do Identity Checks by Philippine Banks Turn Away Customers?
Do Identity Checks by Philippine Banks Turn Away Customers?

Highlights:

  • The FICO Consumer Digital Banking Survey examines the preferences Filipino consumers have with digital bank account opening
  • The study found 26 percent of Filipinos prefer to open a bank account on their phone compared to 18 percent in the US and 25 percent in the UK
  • 76 percent of Filipino consumers said they would open a financial account online
  • Identity verification with too much friction could cost organizations over 40 percent of new account openings

More information: https://www.fico.com/identity

FICO, a global analytics software firm, has released its Consumer Digital Banking Survey which found Philippine consumers are more comfortable opening bank accounts on their smartphones than consumers in the US and the UK.

The study showed that 26 percent of Filipinos prefer to open a bank account on their phone, compared to 18 percent in the US and 25 percent in the UK.

"Filipino consumers are digital natives," said Subhashish Bose, FICO’s lead for fraud, security and compliance in Asia Pacific. "Around 40 percent of Filipinos have a smartphone and according to a recent study they rank in the top 10 mobile internet users globally, spending an average of 4.58 hours a day on their phones."

The study showed that digital account opening is rapidly becoming the norm in the Philippines, with 76 percent of consumers saying they would open some kind of financial account online.

Of those that would open a financial account online, 40 percent would consider doing so for an everyday transaction account, 38 percent for a credit card and 33 percent for a personal loan.

Bucking expectations, it was older consumers in the Philippines who were more likely to be leading the digital push with the youngest Filipinos being the laggards.

  • 46 percent of those over 55 years of age said they would open a bank account online
  • 40 to 45 percent of 25-34, 35-44 and 45-54 year-olds said they would do the same
  • While just 28 percent of 18-24-year-olds would open a bank account online

"The truth in the numbers here is far more nuanced," explained Bose. "Younger Filipinos are adept at using smartphones and computers, however, many do not have the required identification forms to open bank accounts at a young age, don’t have regular income or are presented with bank account options that are not appealing. For example, many bank accounts in the Philippines require a minimum balance to avoid monthly account-keeping fees.

"As consumers’ reliance on online services grows in response to COVID-19, we expect further shifts in adoption and indeed an acceleration and acceptance in opening bank accounts digitally. It is important that banks closely examine any points of friction in their application process to ensure consumers are not abandoning a process or switching to a competitor," said Bose.

Filipinos expect account opening to be fully digital

The survey found that a large percentage of Filipinos had an expectation that they should be able to complete all aspects of account opening online or on their phone.

Out of the regular identity checks needed to open an account, 67 percent of Filipinos thought they should be able to prove their identity by scanning documents or providing a selfie, 47 percent expected to prove where they live without going offline and 45 percent said they should be able to set up a biometric such as a fingerprint scan at account opening.

If all actions required to complete an account opening cannot be accomplished in-session, only 41 percent of respondents said they would carry out the necessary offline actions as soon as possible.

Around 33 percent thought they would eventually complete offline actions such as taking a phone call, posting documents, or visiting a branch. A further 13 percent said they would try a competitor while 5 percent said they would give up completely. Overall findings demonstrated that financial institutions in the Philippines that don’t facilitate a completely digital account opening experience could lose over 40 percent of their new business.

"There is research to show that only 6 to 9 percent of applicants move through the funnel and complete the process," said Bose. "Banking executives should review the application completion for authenticated versus non-authenticated applications, as well as how many applicants with saved or abandoned applications return to complete the process."

FICO’s Consumer Digital Banking Survey was produced using an online, quantitative poll of 5,000 adults (over 18) across 10 countries carried out on behalf of FICO by an independent research company. The countries surveyed were: Brazil, Canada, Germany, Malaysia, Mexico, Philippines, Sweden, UK and the USA.

About FICO
FICO (NYSE: FICO) powers decisions that help people and businesses around the world prosper. Founded in 1956 and based in Silicon Valley, the company is a pioneer in the use of predictive analytics and data science to improve operational decisions. FICO holds more than 195 US and foreign patents on technologies that increase profitability, customer satisfaction and growth for businesses in financial services, manufacturing, telecommunications, health care, retail and many other industries. Using FICO solutions, businesses in more than 100 countries do everything from protecting 2.6 billion payment cards from fraud, to helping people get credit, to ensuring that millions of airplanes and rental cars are in the right place at the right time.

Join the conversation on Twitter at @FICOnews_APAC.

FICO is a registered trademark of Fair Isaac Corporation in the US and other countries

Photo – https://techent.tv/wp-content/uploads/2020/06/fico-survey-philippine-consumers-more-comfortable-opening-bank-accounts-with-smartphones-than-americans-and-british-1.jpg
Logo – https://techent.tv/wp-content/uploads/2020/06/fico-survey-philippine-consumers-more-comfortable-opening-bank-accounts-with-smartphones-than-americans-and-british.jpg

Related Links :

https://www.fico.com

PR Newswire
LIZHI Ranks Among Top 50 Cultural Enterprises in Guangzhou, China

GUANGZHOU, China, June 11, 2020 /PRNewswire/ — LIZHI INC. ("LIZHI" or the "LIZHI App" or "the Company") (NASDAQ: LIZI), a leading online UGC audio community and interactive audio entertainment platform in China, has been ranked one of the "Top 50 Cultural Enterprise" in Guangzhou, China. The ranking is part of a study conducted by Guangzhou institute for society studies, South China Daily and Guangzhou Association for Cultural and Creative Industries to analyze and evaluate the economic significance of the cultural industry of the city.

The live-streaming industry in China has seen a dramatic boom in recent years. As of March 2020, the number of live-streaming users surged to 560 million with the number of viewers tuning in live-streaming e-commerce events reaching 265 million, according to report from the China Internet Network Information Center. The market has also seen major industry players such as Tiktok, Alibaba and Kuaishou achieved enormous commercial success.

With the launch of 5G network and the rapid development of Artificial Intelligence (AI), which has accelerated the adoption of Internet of Things (IoT), Guangzhou, a city in southern China, which is home to numerous tech and internet giants, is on track to create an economic model developing a diverse ecosystem of live-streaming, spanning music, gaming, audio, entertainment, traveling, commerce and intangible cultural heritage. The huge potential of the audio market in China will also propel audio-sharing platforms to usher in a new era of on-demand and streaming content.

Against this backdrop, LIZHI has become the most extensive online UGC audio community and one of the Top 100 Internet Companies in China with total revenue of RMB 1.2 billion  (USD 170 million) in 2019. 2020 marks a new milestone for LIZHI, which has seen the Company’s Q1 revenue surge by 42% year-over-year to RMB 370 million  (USD 52.3 million). The growth has brought a new record high of average monthly active users and creators, which stands at 54.5 million and 6.2 million, respectively. The average number of monthly paying users also soared by 60% this year, to over 450,000.

Backed by its unique business model, LIZHI is riding this technological momentum to create an audio community where everyone not only can enjoy informative and engaging user-generated audio content but also design, share and connect through voices across cultures and countries. Powered by AI, LIZHI’s proprietary tools for audio creation enable creatorsto fine-tune recordings and produce innovative sound effects while streamlining the process of creation, production and distribution.

"As we build a vibrant platform and community for our users and creators, we want to offer the resources they need to thrive. LIZHI now boasts user-generated content across 27 categories including relationship advice, family, education, music and talk shows," said Mr. Marco Lai, Founder and Chief Executive Officerof LIZHI. "We are particularly proud to see that our community is helping low-skilled workers and people with disabilities connect with the world via their vocal talent."

LIZHI has been developing powerful tools with partners to help creators connect to and grow their audience. In 2019, LIZHI worked in partnership with Baidu, a technology company specializing in Internet-based services and artificial intelligence, to create Xiaodu smart speakers that come equipped with built-in features allowing users to better engage with listeners during audio-streaming sessions. Looking forward, the Company will continue to develop new ways of distributing content for IoT devices, optimize interactive features and user interface to create a better experience for all users.

For more information, please visit: http://ir.lizhi.fm/

About LIZHI INC.

LIZHI INC. is a leading online UGC audio community and interactive audio entertainment platform in China, with a mission to enable everyone to showcase vocal talent. The Company is aiming to bring people closer together through voices. 

Since the launch of its Lizhi app in 2013, LIZHI has cultivated a vibrant and growing community encouraging audio content creation and sharing. Now LIZHI is an audio wonderland offering a wide range of podcasts and audio entertainment products and features, including audio live streaming and various interactive audio social products, empowering users to enjoy an immersive and diversified entertainment experience through audio.

LIZHI envisions a global audio community – a place where everyone can create, share and connect with each other through voices and across cultures.

Related Links :

http://ir.lizhi.fm/

PR Newswire
BAT Named in The Gartner Supply Chain Top 25 for 2020

BAT believes company transformation and focus on ESG has driven elevation to 21st position.

LONDON, June 11, 2020 /PRNewswire/ — BAT has been recognised by Gartner in The Gartner Supply Chain Top 25 for 20201  ranking for the first time. The ranking identifies supply chain leaders and BAT has moved from outside the 25th position to 21st position in 2020. BAT believes this reflects the great progress in its supply chain maturity journey, its strong financial performance and the fact that ESG is front and centre of everything BAT does, particularly in relation to the company’s supply chain. 

 

Alan Davy, BAT Group Operations Director, said:

"We are delighted to receive this recognition which I believe is confirmation of our efforts to deliver a world-class supply chain as part of our journey towards A Better Tomorrow. To us, it not only acknowledges the achievements of our colleagues who have succeeded in transforming our business, but also the partners, suppliers and communities we work alongside. 

"The supply chain integration and synchronisation steps taken over the last few years built greater Resilience and Agility. Furthermore, Sustainability is front and centre of everything we do – it sits at the heart of our supply chain, has driven many of the investment decisions we have made, and will be a key element of our plans for the future as we build on this success."

In recent years, BAT has implemented a single ERP platform, has invested in building people’s capabilities, as well as increased automation of certain business processes.  Crucially, the quality of data the company now uses for decision making has been transformed. AI and Machine Learning based platforms have been used to improve how BAT’s transportation and logistics networks are managed. This has built additional resilience and much needed agility and has contributed to the way BAT continues to navigate the Covid-19 situation. Further improvements and efficiencies are planned for 2020 and beyond.

According to Gartner, "three key trends stand out this year for these leaders that are accelerating their capabilities, separating them further from the rest of the pack."

Purpose-driven organisations

"Even before the pandemic occurred, supply chain teams at leading companies defined their work using the language of purpose. These companies recognize that solving the world’s largest problems only works through partnership with others in the broader community, as well as through their own radical transparency."

Business model transformers

"One of the largest external forces impacting corporate supply chains is a dynamic competitive landscape that is driven by a combination of expanded customer expectations, new market entrants from existing industry ecosystems and the emergence of non-traditional competitors." Further, "leading supply chains have positioned themselves as the disruptors to traditional business models, either through reinvention of their offerings and the ability to deliver them or by acquiring start-ups that offer the expertise and DNA necessary to compete in new and reinvented markets."

Digital orchestrators

"Leading companies on the Supply Chain Top 25 are early, and frequent, adopters of digital technologies. More importantly, these investments enable business capabilities and outcomes that allow them to thrive in even the harshest economic conditions."

The Gartner report states that:

"In our 16th edition of the Supply Chain Top 25, we have an impressive group of leaders with new lessons to share, including a diverse set of six new entrants." It further mentions that, "with substantial portions of the economy closed due the COVID-19 pandemic, we are seeing unemployment and negative economic growth rates on a scale not seen since the early 20th century in some cases." Further, "leaders need an agile, or adaptive, strategy that allows the supply chain organisation to sense and respond to changes in the business context as they happen."

Regarding the Supply Chain Top 25 Methodology, Gartner states, "the ranking comprises two main components – business performance and opinion. Business performance, in the form of public financial and ESG data, provides a view into how companies have performed in the past. The opinion component offers an eye to future potential and reflects leadership in the supply chain community. These two components are combined into a total composite score. We derive a master list of companies from a combination of the Fortune Global 500 and the Forbes Global 2000. In an effort to maintain the list of companies evaluated at a manageable level, we apply a general annual revenue threshold of $12 billion."

Gartner, "The Gartner Supply Chain Top 25 for 2020", Mike Griswold et al, 19 May 2020

1.  Gartner subscription required

Logo: https://techent.tv/wp-content/uploads/2020/06/bat-named-in-the-gartner-supply-chain-top-25-for-2020.jpg

 

 

PR Newswire
New Report With 33 Expert Tips on Circular IT Management

STOCKHOLM, June 9, 2020 /PRNewswire/ — The new report from TCO Development, the organization behind the global sustainability certification for IT products TCO Certified, explains how everyone who buys and uses IT products can implement circular and more sustainable practices.

New report with 33 expert tips on circular IT management
New report with 33 expert tips on circular IT management

"Circular solutions are already available. We now need to use them," says Clare Hobby, Global Purchaser Engagement Director at TCO Development.

The report, Impacts and Insights: Circular IT Management in Practice, sets out how the circular economy helps solve many of the most pressing sustainability challenges linked to IT products. Today’s linear consumption causes substantial carbon dioxide emissions. Natural resources are being rapidly exhausted and vast amounts of hazardous e-waste piles up, with more than 50 million metric tonnes being discarded every year, of which only 20% is being responsibly taken care of. The circular economy can help us reduce the pressure we’re putting on the planet.

As a pioneer of circular procurement, Aalborg municipality has seen the effects of acting with greater circularity.

"The amount of CO2 we can save by keeping IT products longer surprised me. Using laptops for another three years will save emissions equivalent to heating and powering all municipality buildings for a year," says Birgitte Krebs Schleemann, project manager for sustainability procurement at Aalborg municipality.

The circular transition is a paradigm shift that will require both big and small changes. In the report, experts in the frontline of circularity and IT share 33 concrete tips.

"We want to go beyond theory — this report provides practical help for those who want to take the next step," says Clare Hobby.

Some of the tips:

  1. Use your IT-products longer — it’s the single most important thing you can do to save natural resources and cut greenhouse gas emissions.
  2. Work to gradually implement circular practices, such as take-back programs.
  3. Think circular when you’re purchasing IT products. Use circular criteria.
  4. Give your IT products a second life by reselling them.
  5. Acknowledge that circularity is a team effort and no one can do it alone. Both internal and external cooperation is key!

Read the report

About TCO Certified

TCO Certified is the world-leading sustainability certification for IT products. Our comprehensive criteria are designed to drive social and environmental responsibility throughout the product life cycle. Covering 11 product categories, compliance is independently verified, both pre and post certification.

Contact
Cassandra Julin
+46(0)702866861
[email protected]
Press room

Photo – https://techent.tv/wp-content/uploads/2020/06/new-report-with-33-expert-tips-on-circular-it-management.jpg

Related Links :

https://tcocertified.com/

PR Newswire
Arçelik Has Announced Its Sustainability Targets for 2030

ISTANBUL, June 5, 2020 /PRNewswire/ — Adopting sustainability as a business model with its "Respecting the World, Respected Worldwide" vision, Arçelik published its 12th Sustainability Report, announcing short, medium, and long-term targets towards 2030.

Arçelik CEO Hakan Bulgurlu
Arçelik CEO Hakan Bulgurlu

Arçelik CEO Hakan Bulgurlu spoke about the company’s 12th Sustainability Report, commenting, "A sustainable world is possible in the future with the steps we will take today. Our ‘In Touch Technology’ approach is based on this point of view. With our global reach, broad network of stakeholders, and our technologies that improve our planet, lives and business, we strive to be a part of the solution in tackling environmental and social problems. The COVID-19 outbreak has affected the whole world in a short period of time, and it has once again reminded us that our most important responsibility is to protect our environment, the ecosystem, biodiversity and natural resources. We believe that all companies will adopt sustainability as their business model after the pandemic. People will also encourage companies to take responsibility for environmental and social problems with their purchase decisions."

Energy and water consumption per product will decrease by 45%

Arçelik shared its solutions to combat the climate crisis and other environmental issues under the "In Touch with our Planet" section. By 2030, the company aims to establish 15 MW of renewable energy systems and reduce the energy consumption per product in its South Africa, Russia, Turkey, Romania, China, Thailand and Pakistan operations by 45% compared to the base year of 2015. In 2019, Arçelik reduced its energy consumption per product by 43.5% compared to 2010 in its Turkey, Romania, China, Russia, and South Africa operations. Now it aims to become a carbon-neutral company in its Turkish production plants by 2025 and reduce its water consumption per product by 45% by 2030 compared to the base year of 2015. The company also reached its 2020 targets by reducing its water consumption per product by 52% compared to the base year of 2012 in its Turkey, Romania, China, Russia, and South Africa operations.

The female manager ratio will increase to 30% by 2030

Under the "In Touch with Business" section, Arçelik explained its employee-oriented targets focusing on being a source of inspiration for its stakeholders, to begin with its supply chain and dealers. The company increased its female manager ratio to 18.6% in 2019 and now aims to raise it to 30% by 2030. Arçelik also aims to ensure that over 50% of its employees participate in a minimum of one volunteering activity per year.

Arçelik will help 80 million people gain awareness on healthy living

Through "In Touch with Human Needs" approach, Arçelik, with its Beko brand, aims to raise awareness amongst 80 million people about healthy living by 2030 with ongoing programmes to contribute to healthy, future generations. Arçelik also joins Grundig in the fight against food waste to raise awareness amongst 3.5 million people about responsible consumption and provide 1 million meals to 500,000 people by saving 1,200 tons of food.

The Industry Leader in Sustainability

Arçelik reinforced its leadership in national and global platforms with its sustainability efforts in 2019. Arçelik has been selected as the Industry Leader for the "Household Durables" category in the Dow Jones Sustainability Index (DJSI). The index represents the gold standard in corporate sustainability and ranks the largest companies based on their sustainability performances. Arçelik has been the first and only industrial company from Turkey to be included in the DJSI Emerging Markets category for three consecutive years.

Arçelik maintained its achievements by being listed in the Borsa Istanbul (BIST) Sustainability Index, MSCI Sustainability Index, and FTSE4Good Emerging Markets Index, and by receiving the Zero Waste Private Sector Award from the Republic of Turkey, Ministry of Environment and Urbanization.

Arçelik has received A- in the 2019 Climate Program of the Carbon Disclosure Project (CDP), the world’s most respected environmental initiative with its campaigns against climate change and became one of the Turkish companies to earn the highest score in this program. The company also received B in the CDP 2019 Water Program.

You can download Arçelik’s 2019 Sustainability Report here.

 

Arçelik 2019 Sustainability Report
Arçelik 2019 Sustainability Report

 

 

Related Links :

https://www.arcelikglobal.com

PR Newswire
2020 Q1: Huami Ranked the Top 5 in both Global Watch Shipment and Market Share[1]

With a Global Year-on-Year Growth of 80.2%, Huami Became the Market Leader in Indonesia, Italy, Spain and India.

SHENZHEN, China, June 5, 2020 /PRNewswire/ — Huami (NYSE: HMI) with its self-owned brand Amazfit, ranked the Top 5 in terms of global watch shipment and market share in the first quarter of 2020, according to data from the International Data Corporation (IDC) Worldwide Quarterly Wearable Device Tracker. With a year-on-year growth of 80.2%, Huami greatly surpassed the overall growth rate of the adult watch market.

2020 Q1 Huami Ranked the Top 5 in both Global Watch Shipment and Market Share
2020 Q1 Huami Ranked the Top 5 in both Global Watch Shipment and Market Share

Despite challenging market conditions that have impacted the consumer electronics industry,

Huami ranked No,1 by market share (excluding kids’ products) in Indonesia, Italy, Spain and India. Furthermore, Huami takes a record 58% share in Indonesia; 38% share in Italy; 24% share in Spain; 23% share in India. Huami also entered the top five for the first time in the US, the world’s largest single watch market. Besides, Huami entered the top 3 by shipment (excluding kids’ products) in Thailand; the top 4 in Russis and the top 5 in Brazil, France, Germany, Poland and China[2].

Unaudited financial results for the first quarter ended March 31, 2020 showed that Huami revenues reached RMB1,088.5 million (US$153.7 million), representing an increase of 36.1% from the first quarter of 2019. Total units shipped reached 7.6 million, compared with 5.6 million in the first quarter of 2019.

[1] According to data from the International Data Corporation (IDC) Worldwide Quarterly Wearable Device Tracker

[2] According to data from the International Data Corporation (IDC) Worldwide Quarterly Wearable Device Tracker

Product review request
https://bit.ly/3f0psB3

Photo – https://photos.prnasia.com/prnh/20200605/2822683-1?lang=0

Related Links :

http://www.huami.com

PR Newswire
AI in Homes & Buildings Estimated to Garner Revenues of Nearly $9 Billion by 2030

Growth opportunities for predictive maintenance and voice assistance AI application will increase significantly over the forecast period, predicts Frost & Sullivan

SANTA CLARA, California, June 4, 2020 /PRNewswire/ — Frost & Sullivan’s recent analysis, Artificial Intelligence in the Global Homes & Buildings Industry, Forecast to 2030, finds that the deployment of artificial intelligence (AI) in the homes and buildings space is gaining rapid momentum across the globe as the industry is estimated to witness an approximate 15-fold increase by 2030. Increasing at a compound annual growth rate of 27.7%, the industry is likely to garner revenues of $8.98 billion by 2030, compared to $610.2 million in 2019.

Frost & Sullivan - AI in Homes & Buildings Industry
Frost & Sullivan – AI in Homes & Buildings Industry

For further information on this analysis, please visit: http://frost.ly/45i

"Demand for value-driven solutions and cost reduction due to increased operational efficiency are prominent market drivers of AI in the homes and buildings industry," said Anirudh Bhaskaran, Energy and Environment Senior Industry Analyst at Frost & Sullivan. "Additionally, AI solution providers need to primarily focus on customers that are committed to sustainability and a circular economy."

However, with COVID-19 uncertainty, building owners and managers are compelled to rethink their investment strategies as the crisis has propelled the need for AI-driven solutions more than ever before.

"From the perspective of AI application areas, demand for predictive maintenance capabilities will increase significantly over the forecast period," Bhaskaran said. "This is because building owners and managers aim to reduce the downtime of building systems and increase their lifetime. Further, virtual voice assistance is another AI application that will be massively used for home automation and control."

Incorporating AI in homes & buildings will add significant value for customers and enhance their experience. To tap into the growth prospects created by the use of AI in homes & buildings, technology vendors should focus on the following:

  • AI participants should target firms that are committed to sustainability and circular economy.
  • AI vendors need to target companies that have already incorporated building energy management system (BEMS) in their buildings.
  • To reach a larger mass, AI-based home solution providers need to partner with utilities, telecommunications companies, and insurers.
  • AI solution providers should have flexible business and payment models to maximize revenue potential.

Artificial Intelligence in the Global Homes & Buildings Industry, Forecast to 2030 is the latest addition to Frost & Sullivan’s Energy and Environment 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.

 Artificial Intelligence in the Global Homes & Buildings Industry, Forecast to 2030

MF85

Contact:
Jaylon Brinkley
E: [email protected]
T: 210.247.2481

 

Related Links :

http://www.frost.com

PR Newswire
CouponBirds Data Reveals User Behavior Change During Epidemic

BEIJING, June 4, 2020 /PRNewswire/ — The speed and range of epidemic spreading strongly influence user behavior. CouponBirds latest data analysis shows that online users’ behavior has changed a lot in the past few months as COVID-19 became a pandemic, including devices, purchasing power, and country distribution.

Due to the impact of the epidemic, daily internet usage time increases, and outdoor activities drop a lot. Mobile devices are more dominating when people spend more time at home. CouponBirds May 2020 data shows that mobile device coverage increased to 62.79% from 53.38%.


As to consumers’ performance during the outbreak, it can be seen that the purchasing power and transaction volume show different trends when it comes to different kinds of products. CouponBirds data analysis team noticed that the demand for games, bicycles, and online education had been particularly increased. As stay-at-home time becomes longer and the shipping services are restricted during the epidemic, people are more likely to shell out money for easy entertainment like board games, puzzles, and video games. Furthermore, people tend to snap up new bicycles or dust off decades-old bikes to stay fit, keep their sanity, or have a safe alternative to public transportation. The third thriving business is online learning resources, which is a great choice for people who are studying, teaching, or working remotely in this uncertain environment.

CouponBirds data also shows the percentage of users by country was different during the epidemic. Users from the US, UK, Canada, and Australia increased by 15.07%, 14.02%, 27.49%, and 16.91% respectively.


The pandemic has big impacts on both customers and merchants. It is even harder to make the transaction happen when people’s income is shrinking. CouponBirds invests a lot to discover as many valid coupons as possible, which is the best way to help customers save and at the same time help merchants sell their products.

Like some charities are helping feed families during the coronavirus outbreak, CouponBirds is doing what we can to give back to the community. "CouponBirds Seedling Project was born during the outbreaks to help people in another way, and it is a great fundraising platform for non-profit organizations", said Sherry Zhao, marketing director of CouponBirds, "We are working hard to make CouponBirds one of the best communities to help more people".

About CouponBirds

CouponBirds is a leading coupon platform in terms of brand coverage, coupon accuracy, and coupon richness. It has been providing free and fresh coupon codes since 2012. With the biggest coupon operation team in the world and continuous engineering efforts input, CouponBirds is the top choice for customers looking for coupons and deals.

Related Links:

https://www.couponbirds.com/

 

PR Newswire
Hyundai Card introduces 5 trends shaping the way Koreans consume digital content

SEOUL, South Korea, June 4, 2020 /PRNewswire/ — Ranging from K-pop sensation BTS and Oscar-winning "Parasite", Korean pop culture appears to be having its moment. Combined with ultrafast internet and 5G-powered smartphones, the growing popularity of Korean movie and music has led to an expansion in the country’s digital content consumption.

Korea’s major credit card company Hyundai Card has introduced 5 key trends shaping Koreans’ spending habits on digital content. The result is based on the company’s 2017-2019 analysis of its consumer transaction data at 10 digital subscription service providers such as Netflix and YouTube Premium.

The three-year analysis was a part of the efforts to better understand Korean digital content subscribers by Hyundai Card, which has been leading the country’s credit card trends with products tailored to customers’ lifestyle and extensive digital transformation initiatives. It has developed an artificial intelligence-based chatbot, adopted blockchain for its system and built an advanced algorithm to offer more personalized  customer services and benefits.

For more information about this report visit http://newsroom.hcs.com/front/board/Spending-on-video-streaming-services-grows

Infographic by Hyundai Card - Hyundai Capital Newsroom
Infographic by Hyundai Card – Hyundai Capital Newsroom

1. Korea’s digital content market grows much faster than global trends 

According to Hyundai Card’s analysis, its consumers spent some $30.83 million on music, video and e-book subscription services in 2019. It was about 2.6 times more than what was spent in 2017. The number of transactions has tripled over the same period from 2.36 million to 7.11 million.

While Korea is not the only country to witness the expansion of the digital content market, its growth pace has been much faster than global trends. According to Statista, digital content market (excluding games) edged up 1.13 times from $65.46 billion to $73.99 billion between 2017 and 2019, relatively slower than in Korea.

2. Video streaming services prompt explosive consumption in digital content

Among digital content subscription services, video streaming displayed the steepest growth in content consumption. Payments on video streaming services skyrocketed nine times from $2.05 million in 2017 to $17.92 million in 2019, while spending on music steaming services increased merely 1.3 times between 2017 and 2019.

The explosive growth of video streaming consumption was reflected in the transaction amount. Among the five most paid-for services in 2017, three were home-grown music streaming services such as Melon, Genie Music and Bugs Music. But in 2019, Netflix and local video streaming services like Wavve and TVING took up three spots.

3. No more piracy: Koreans more willing to pay for digital content than ever before

Psychological barriers had been high in Korea for consumption of paid content. People were mostly reluctant to pay for video-on-demand services and were used to downloading pirated films over the internet. Consuming paid digital content was deemed to belong only to tech-savvy young generation.

But this perception has changed. According to Hyundai Card’s joint survey with research agency OPENSURVEY, 92.7 percent of the respondents said they have a positive view about spending money on digital content. Of those surveyed, 37.4 percent said their perception has shifted from negative to positive.

4. In a rapidly aging society, the Korean elderly emerge as key consumer group

As Korea becomes a more aged society, the elderly have also increased their spending on digital content. Spending on digital content by those in their 50s and those aged 60 or more tripled from $1.2 million in 2017 to $3.5 million won in 2019, while spending by those in their 20s saw a two-fold increase between 2017 and 2019.

Noteworthy is the fact that people in their 60s were the most active users of e-book subscriptions. They spent 21 times more on e-books in 2019 than in 2017. Fifty-somethings spent 10 times more on video services over the same period.

5. Credit cards for streaming subscription gain popularity among Koreans

With digital entertainment options becoming more diversified, Korea has seen a series of credit cards targeting digital content subscribers. Hyundai Card also rolled out a new credit card "DIGITAL LOVER," offering an approximately $8 discount monthly from expenditure on digital streaming services such as Netflix and YouTube Premium.

"Against the backdrop of recent surge in digital content subscriptions propelled by the popularity of video streaming services," said a Hyundai Card spokesperson. "We took into account changes in consumer spending trend and life style when designing the card, not conventional elements such as their occupation or income. That led to upbeat response from customers."

Hyundai Card transaction data analysis

Period: Jan. 2017 ~ Dec. 2019

Target: Digital content service providers

Field

Service Providers

Video

Netflix, YouTube Premium, Watcha Play, Wavve, TVING

Music

Melon, Bugs Music, Genie Music

Books

Ridibooks, Millie’s Library

Consumer survey

Period: April 29, 2020

Target: 1,000 people aged 20 or over (Survey by OPENSURVEY)

Age

No. of men

No. of women

20~29

100

100

30~39

100

100

40~49

100

100

50~59

100

100

60 and over

100

100

 

 

 

PR Newswire
Memory, Power and AI Semiconductors in 5G to Hit $15.03 Billion in Revenues by 2025, Finds Frost & Sullivan

5G semiconductor applications witness unprecedented growth, driven by increasing data traffic and hardware improvements

SANTA CLARA, California, June 3, 2020 /PRNewswire/ — Frost & Sullivan’s recent analysis, Growth Opportunities for Memory, Power, and Artificial Intelligence (AI) Semiconductors in 5G, Forecast to 2025, finds that the 5G AI, memory, and power amplifier (PA) semiconductor market is rapidly transitioning from a nascent stage to a growth stage. It is strongly driven by exponentially increasing data traffic, technological advancements leading to hardware performance and capability improvements, and the emergence of new use cases. Registering an unprecedented growth at a compound annual growth rate (CAGR) of 74.3%, the market for 5G AI, memory, and PA semiconductors is estimated to garner revenue of $15.03 billion by 2025 from $536.9 million in 2019.

Frost & Sullivan - 5G
Frost & Sullivan – 5G

For further information on this analysis, please visit – http://frost.ly/458.

"5G is in the early commercialization stage, and a majority of the deployments in the coming years are expected to be in the sub-6 GHz range. Hence, short-term opportunities will be limited to traditional devices, such as smartphones, communication infrastructure, and laptops," said Prabhu Karunakaran, Test & Measurement Industry Analyst at Frost & Sullivan. "Further, the AI processor market for 5G applications is rapidly growing, specifically in edge devices. They are expected to play a significant role in various devices, including edge servers and autonomous cars."

Karunakaran added, "Memory integrated circuits (ICs) supporting 5G end-user markets will be the highest contributors. Power amplifier IC is estimated to have generated larger revenue due to multiple 5G deployments, with revenue from the infrastructure segment. Additionally, AI is in the infancy stage and is expected to grow significantly in the next five years."

To tap into opportunities created by memory, PA, and AI semiconductors in 5G, Frost & Sullivan has identified key prospects in the:

  • Manufacturing Sector: To mitigate the issues of surging operational costs in the manufacturing sector, semiconductor companies must work with network equipment manufacturers and robotics system manufacturers to integrate cost-effective memory, PA, and AI chips and capitalize on the opportunity.
  • Healthcare Sector: The spread of the COVID-19 pandemic has resulted in a sudden rise in the adoption of robotics in the healthcare sector. AI and PA market participants should look into optimizing the existing products to leverage this unprecedented opportunity.
  • Automotive Sector: Autonomous vehicles need an ultra-fast, reliable network that processes huge volumes of data. Hence, 5G AI, PA, and memory device manufacturers should develop automotive-grade devices that function reliably.
  • Retail Sector: AI, memory, and PA semiconductor market participants should increasingly focus on developing solutions for 5G edge servers that will require processing large data volumes.
  • Agriculture Sector: Digitization is transforming the agriculture sector rapidly. Market players must work with system and device manufacturers to develop cost-effective, application-specific integrated circuits to enhance farm productivity.

Growth Opportunities for Memory, Power, and Artificial Intelligence (AI) Semiconductors in 5G, Forecast to 2025 is the latest addition to Frost & Sullivan’s Test & Measurement 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.

Growth Opportunities for Memory, Power, and Artificial Intelligence (AI) Semiconductors in 5G, Forecast to 2025
(K44C-26)

Media Contact:
Priya George, Corporate Communications
M: +91 98403 55432; P: +91 44 6681 4414
E: [email protected] 

http://ww2.frost.com

Photo – https://techent.tv/wp-content/uploads/2020/06/memory-power-and-ai-semiconductors-in-5g-to-hit-15-03-billion-in-revenues-by-2025-finds-frost-sullivan.jpg

Related Links :

http://www.frost.com

Categories