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PR Newswire

Nagad turns a billion-dollar company only in three years: Palak

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DHAKA, Bangladesh, March 24, 2023 /PRNewswire/ — Nagad, a leading mobile money service operator based in Bangladesh, has become a billion-dollar company only in three years of its inception, says Zunaid Ahmed Palak, state minister for ICT Division.

“Nagad has become a billion-dollar company based on its partnership with the Postal Department and its integration with ICT Division’s ‘Parichay’, while it took 10 years for bKash to achieve that feat,” commented the state minister while comparing the country’s two leading MFS carriers at the inauguration ceremony of “Meghna Pay“, an MFS of Meghna Bank, in a five-star hotel in Dhaka recently.

Tanvir A Mishuk, founder and managing director of Nagad Limited, Ashequr Rahman, chairman of Meghna Bank Limited, Sohail RK Hussain, managing director and CEO of Meghna Bank Limited, were also present at the function.

Terming Nagad as the fastest-growing start-up fintech in the world, Zunaid Ahmed Palak said Bangladesh has now gained the status of becoming a champion in the global MFS industry.

Tanvir A Mishuk said, “Nagad as a mobile financial service will stay beside Meghna Pay with all kinds of technological assistance.”

Explaining it, he said, “We believe if we work together with Meghna Pay to break the monopoly in the [MFS] market, this will benefit both the market as well as people.”

“We want to build a smart Bangladesh by working shoulder to shoulder,” he added.

Nagad, as an MFS of Bangladesh Postal Department, embarked on its journey on 26 March in 2019. At the outset, it shook the entire financial industry by innovating electronic know-your-customer (e-KYC). In the e-KYC system, customers can open an MFS account using their smartphone in less than a minute just by taking a photo of their national identity card and a selfie.

Later, the state-owned MFS operator came up with an even easier way to open an MFS account just by dialing *167# on a feature phone. The ground-breaking innovations have brought an end to cumbersome paperwork, thus creating a buzz across the world.

Nagad’s success reflects its use of state-of-the-art technologies that allow the delivery of various services at minimal charges. In some cases, Nagad provides its customers with free of cost services.

Operating with a government partnership, Nagad’s registered customers now stand at 7.25 crore, with its daily transactions hitting around BDT 1,000 crore on average.

Nagad has also shown the way how government allowances, education stipends and other financial aids can be disbursed among real beneficiaries through a digital platform instantly and conveniently.

About Nagad Ltd (https://www.nagad.com.bd/)

Nagad Limited, a leading mobile financial service in the payment industry of Bangladesh, has more than 72 million registered customers with an average daily transaction of about USD 80 million. Inaugurated in 2019 by Bangladesh’s Prime Minister Sheikh Hasina, the digital payment platform is known as a successful public-private partnership between the Bangladesh Postal Department and the private sector.

PR Newswire

Viettel Shifts Sight To Emphasize OPEN RAN Technologies

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HANOI, Vietnam, March 24, 2023 /PRNewswire/ — Viettel, a multinational technology company headquartered in Vietnam, will be focusing its product development strategies on the open radio access network (OPEN RAN) vertical following the conclusion of the Mobile World Congress 2023.

Viettel shifts sight to emphasize OPEN RAN technology
Viettel shifts sight to emphasize OPEN RAN technology

With the event theme, Velocity, being brought to life in key themes discussed across multiple platforms, MWC 2023 is keen to push the industry further with this newfound focus for the global market. This will include the areas of 5G, AI, network infrastructure, as well as cross-sector collaborations.

“I am delighted to see so much positive momentum, with halls bustling with energy for four full days. Consumers living in a data-driven world need increasing amounts of capacity at the edge of the network to extend the capabilities of cloud computing and our industry is well placed to do it,” said GSM Association’s Director General, Mats Granryd.

“The way the world utilises technology and data consumption has risen exponentially in the last decade. The sector is growing faster than many others and it is our priority to enable development of growing technologies like OPEN RAN for higher interoperability through open hardware, software, and interfaces for wireless networks,” shared Tao Duc Thang, CEO of Viettel Group.

In the coming year, Viettel will further promote Private 5G solutions, which are forecasted to have significant demand in the future from a variety of industries. The adoption of 5G networks will catalyse Digital Transformation by offering robust, customizable, and secure next-generation connectivity. As regulations change to offer more room for private networks and the ecosystem matures, such networks will be an increasingly attractive option for smaller organizations. Viettel will actively be a key part of the roadmap to offer this solution in the B2B space.

With GSMA’s Open Gateway Initiatives, a framework of universal network Application Programmable Interfaces (APIs) announced in MWC 2023, Viettel will enrich existing services, move forward in internal transformation to ensure the Open Gateway is created, open up our capabilities more rapidly and guarantee our customers’ privacy and their control over their data.

At MWC 2023, Viettel and Qualcomm unveiled the first look at their working RU built on Qualcomm’s DU chip. The new solutions will help to simplify network deployment at scale, lower total cost of ownership (TCO), and enable mobile network operators and enterprises to fully realize and monetize their digital transformation.

“Viettel has a full suite of infrastructure solutions from O-RAN, DU, Core network, Gateways, and more which are commercially deployed and servicing millions of users in international markets. With the high performance and low Total Cost of Ownership advantages Viettel and Qualcomm Technologies are working on, Viettel will realize their ambition of commercializing massive 5G private and public networks with enterprises and carriers around the world.” Said Durga Malladi, Senior Vice President and General Manager, Cellular Modems & Infrastructure Business Unit, Qualcomm Technologies, Inc.

Trial availability is expected in the second quarter of 2023 and commercial launch is expected in the fourth quarter of 2023. In the future, Viettel will continue to join O-Ran Alliance, and further develop the O-Ran-backed chip from Intel and Qualcomm.

“MWC 2023 is about unleashing future technology today. But we need to research and create technologies that can help people reap the benefits of access to digital services right now,” added Tao.

Other strategies that Viettel will strengthen include solutions to address RF interference, improve network KPIs, surgically deploy field assets, and gain insights into spectral efficiency or next-gen smart home Matter protocol.

About Viettel

Viettel Group is an international enterprise headquartered in Hanoi, Vietnam. The group has investments in 11 countries in Africa, Asia and Latin America. Viettel has five business lines, including telecommunications and information technology (IT); research and manufacture of electronic and telecommunications equipment; defense industry; cyber security and digital services.

For more information, visit viettel.com.vn.

PR Newswire

WordUp, an AI-based English learning App, Introduces Fantasy Chat

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LONDON, March 23, 2023 /PRNewswire/ — Over 1.5 billion people speak English as a second language. They are naturally at a disadvantage compared to native speakers in a globalised world where English is what connects people to opportunities.

WordUp Chat - AI Celebrities
WordUp Chat – AI Celebrities

WordUp‘s vision is to level the playing field. It’s an AI-based English learning App, used by millions, with a simple but novel core idea:

English has 200,000 words. You’ll never hear 95% of them. 5% is enough for a perfect vocabulary. But which 5%, depends on your unique life, profession, hobbies,… WordUp helps you discover exactly the words that matter to you, sorted by their importance (usage frequency), giving you the most possible value per learning minute.

Fantasy Chat

Their latest release as of 17 March 2023 allows users to talk about any topic with an AI version of their idols, celebrities, politicians,… with over 10,000 famous people are available on the platform! It’s an incredibly entertaining way to practice English and widen their vocabulary.

This innovative AI use case is example of how Generative AI is redefining education.

The challenge of ‘Active Vocabulary’

WordUp was already well-known for its ‘Knowledge Map’ concept, allowing users to uncover their existing vocabulary knowledge into a ‘digital twin’ enabling hyper-personalised learning. This approach, blended with a wealth visual learning content and, had already made WordUp the leading vocabulary expansion app, used by millions around the world.

But there was a challenge. As in any other app, words were learnt into the user’s passive, rather than active vocabulary, meaning they could understand the words when facing them, but couldn’t necessarily recall and use them naturally in real-time conversations. Moving from passive to active vocabulary is only possible through practice and active usage. The new Fantasy Chat feature, solves that problem.

About the founders

WordUp was created by serial entrepreneurs Paymon Khamooshi and Somayeh Aghnia. Having immigrated to the UK from Iran as students in 2004, they experienced first-hand the challenges of learning English vocabulary.

In 2007, they founded Geeks Ltd (software business, London) and have since created jobs for over 500 people and won several industry awards, including the Queen’s Award for Innovation.

Initially an experimental project at Geeks, WordUp grew to become an independent company with philanthropic and impact-driven ambitions.

https://wordupapp.co

Contact:  press@wordupapp.co

PR Newswire

Shanghai Jahwa Accelerates Management Change and Upgrades to Lead China’s Cosmetics Industry to A New Era

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SHANGHAI, March 21, 2023 /PRNewswire/ — On March 17, Shanghai Jahwa United Co.,Ltd. (Shanghai Jahwa) held its 2023 Strategic Conference entitled “To Beauty To Youth” to share the company’s development strategy, ESG management and industry trends. Entering its 125th year, Shanghai Jahwa has created several legends in the Chinese cosmetics industry. As the Deputy General Manager, CFO and Board Secretary of the company, Min Han promoted the management change of the company, making Shanghai Jahwa the first beauty company to introduce ESG management model, and led the digital transformation of the company to achieve the integration of industry and finance, empowering business innovation and development.

Green development and harmonious coexistence have become the consensus for more and more international companies. In 2021, Min Han, as the executive of Shanghai Jahwa, promoted the company to introduce the leading ESG management concept in the international capital market and released the “Mid to Long-term Sustainable Development Outline” to accelerate the achievement of carbon peaking and carbon neutrality goals and lead the sustainable development of the company and the consumer industry. ESG requires companies to make more investments in environment, society and governance, such as using biodegradable materials and full-chain recycling along the whole chain, which will inevitably affect the company’s profit in the short to medium term. Min Han led a team to study green and low-carbon, social investment and corporate governance, starting from the company’s long-term development strategic plan. The ESG project received full support from the board of directors in 2021 after nearly two years of repeated demonstration and adequate communication with the board members, and added a medium and long-term performance consideration dimension for the management, so that the implementation of ESG on the ground can be guaranteed. The company takes green environmental protection and carbon neutral as important issues into its daily management, and promoted upstream and downstream enterprises in the industry chain to join the low-carbon ecosystem. Meanwhile, according to the company’s online development and digital transformation needs, issues such as consumer privacy protection and data security are included in the ESG issues, so that the company can enhance data security management awareness while using technology empowering (e.g. AI Face project, CRM database). As of 2022, Shanghai Jahwa has jumped to BBB status in the rating of the internationally renowned indexing company MSCI ESG, and is at the top echelon of the Chinese cosmetics industry.

With the wide application of new technologies such as AI, Blockchain, Cloud and Big Data, it is also imperative for enterprise management to embrace digitalization, which will help enterprises make more efficient and accurate decisions. Min Han mentioned in a previous interview that finance is the first step in corporate reform. As CFO, Min Han advocates accelerating the construction of financial dimensional thinking, business-financial integration and digital management transformation within the company. She proposed that “with value creation as the goal, the digital transformation of finance will be accomplished by means of quantifiable, visualized and optimized data”. Specifically, Shanghai Jahwa takes the opportunity of deep integration of digital technology and financial management to build a digital financial system featuring automated transaction processing, unmanned monthly closing, real-time risk insight, and modeled decision-making. The company has introduced a digital employee “RPA Finance Robot”, which can intelligently review 50% of financial documents and improve human efficiency. In addition, nearly 90% of business documents are intelligently booked and accounting vouchers are generated in 60 seconds, and the issuance of the monthly reports of subsidiaries is significantly shortened from 20 days in 2016 to 5 working days in 2022. The company’s financial system is interconnected with the business system without forming any data silos, and finally the data resources of the whole group are integrated and managed and deeply mined through the data center, creating an informationized and digitalized platform management ecology and enabling the efficient development of the company’s business. In recognition of Min Han’s holistic and forward-looking contributions to the digital transformation of Shanghai Jahwa and his leadership in the reform of management accounting in China, Min Han was awarded the honorary title of “IMA Honorary Management Accounting Leader” certified by IMA.

Within the new context of digital transformation, financial work, as one of the central tasks of enterprise management, is no longer limited to accounting and supervision, but requires business insight, extending its work to the whole business process, understanding the real needs of front-end business, providing business analysis and decision support for business departments, and realizing the integration of business and finance. Take the company’s Herborist brand for an example, the first Chinese herbal skin care brand rooted in the concept of yin-yang balance, which continued to lose market share from 2014-2019. Min Han led the finance team to work with the business unit to examine the brand’s product matrix, new product recruitment rate, repurchase rate, cost analysis of core individual products, brand marketing delivery efficiency, CRM customer retention, POS system single store transaction data, and impact on financial statement revenue and earnings, so that the brand has continued to improve over the past three years and has been awarded $22.5 million in 2021 from a special government program to support its medium to long-term growth.

The reason that Shanghai Jahwa can lead the industry in every stage of its 125 years of development cannot be separated from its advanced, open and inclusive corporate management philosophy and its genetically-rooted Shanghai-style characteristics. ESG management, digital transformation and integration of business and finance outline a beautiful blueprint for Shanghai Jahwa’s development in the medium to long term. Grasping the pulse of the times and integrating the century-old craftsmanship culture, we believe that in the near future, Shanghai Jahwa will bring Chinese beauty to the world.

PR Newswire

Secoo Group: Officially Accesses OpenAI and ERNIE Bot, Luxury Goods Intelligent Marketing Scene Will Be More Accurate

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BEIJING, March 17, 2023 /PRNewswire/ — Recently, Secoo Group (NASDAQ: SECO), a leading online and offline boutique lifestyle platform in Asia, announced that it has officially accessed the AIGC and ChatGPT technologies, and submitted an application for access to the multimodal GPT-4 launched by OpenAI. On February 14, Secoo Group became the first batch of ecological partners of Baidu ERNIE Bot. Today (March 17), it officially entered the experience and access stage.

Next, Secoo will combine the advantages of OpenAI’s multimodal GPT-4 technology and the Chinese version of ChatGPT Baidu ERNIE Bot, and use its own powerful global supply chain advantages and the shopping needs of more than 50 million high-end registered users to achieve interactive dialogue similar to human beings. It will complete product recommendations, selling point explanations, discount promotions, and generate visual images and videos through AI robots, reducing the cost of “shopping guide explanation”. Through the two platforms of OpenAI and ERNIE Bot, Secoo Group can accurately understand user needs, improve its intelligent marketing capabilities, explore more intelligent luxury goods marketing models, and make luxury goods intelligent marketing scenes more accurate.

On 6th February, SECOO Group announced that it would carry out in-depth research and development on AIGC and ChatGPT related technologies, realize interactive dialogue similar to real people through ChatGPT technology, further improve the richness of luxury related text and video content, commodity selling point description and other related content, and significantly improve the conversion rate. The current operation mode of luxury e-commerce has been profoundly, rapidly and completely changed with the rapid pace.

On February 14, SECOO Group (NASDAQ: SECO), Asia’s leading online and offline boutique lifestyle platform, announced that it had joined the first batch of ecological partners of the ERNIE Bot developed by Baidu, the Chinese version of ChatGPT.

About SECOO Group, the world-famous luxury shopping service platform, the only NASDAQ-listed luxury e-commerce in China, with more than 50 million high-end registered users, the well-known online and offline high-quality lifestyle platform in Asia, including more than 100 international famous luxury brands to reach direct cooperation, and more than 3800 high-end brands to gather 400000 goods from around the world, including luxury goods trading, medieval second-hand trading. Meantime, it includes fashion show, identification, maintenance, fashion wear, beauty, 3C digital, food and wine, Chinese famous items, lifestyle goods, high-end hotel reservation and other businesses who are committed to three-dimensional presentation of the world’s good things, high-end lifestyle to every user of SECOO. Give you the beauty of the world!

PR Newswire

The 7th Design Intelligence Award Global Ceremony – 2022 Award Ceremony & 2023 Call for Entry Launched

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SHAOXING, China, March 16, 2023 /PRNewswire/ — The 7th Design Intelligence Award (DIA) Global Ceremony – 2022 Award Ceremony & 2023 Call for Entry was held in Zhejiang province, China on the evening of March 12. The winners of the highest award – the Gold Award were IFBOT X3 Solar Panel Cleaning Robot from Suzhou Ifbot Intelligent Technology Co., Ltd. and the Pangu Drug Molecule Model to Accelerate Drug Discovery with AI from Huawei Technologies Co., Ltd.


At the ceremony, the China Academy of Art (CAA), the international designer organizations connected by DIA, Chinese and foreign art academies and digital technology and advanced manufacturing firms jointly launched the International Design Intelligence Union (DIU).

On April 9, 2022, the 7th DIA kicked off globally. Themed “Design Collaboration”, the award aimed to break the barriers to the growth of people, things and the world and establish a new international integration relationship, attracting considerable attention and numerous participants in the design sector and beyond. The 7th DIA received 8,010 entries from 70 countries and regions worldwide. In particular, the DIA focuses on implementing the “DIA Design United Nations Program”. Now, it has international work offices in 13 countries and 12 sub-contest areas, which have pooled 600 experts in many fields from nearly 37 countries/regions in its innovative talent bank. At the Award Ceremony, 322 award-winning works were announced, and the top 29 design works competing for the Gold Award, Silver Award, and Copper Award from the Product Group as well as the Future Talent Award and Young Talents Award from the Concept Group were highlighted.

On the occasion of the 8th Anniversary of DIA, the China Academy of Art, the international designer organizations connected by DIA, Chinese and foreign art academies and digital technology and advanced manufacturing companies jointly launched the DIU. Adopting a vision on high-quality innovation and development in the new era and upholding the principles of “openness, innovation, collaboration and sharing”, DIU pursues the ultimate goal of “focusing on the industry, embracing the world and shaping the future”. Driven by smart and information technologies for the integration of art, technology and business, DIU promotes the integration and innovation of smart designs and attracts diverse participation in collaborative innovation between “governments, enterprises, universities research institutes and end-users”, thus creating an exchange and synergy platform with global influence, building a cross-sectoral network that deeply integrates design innovation into intelligent manufacturing, advancing industrial upgrades and social progress.

Ifbot, the developer of the Gold Award winner IFBOT X3 Solar Panel Cleaning Robot, pioneers the concept of “PV intelligent cleaning robot”. It includes the design of a “crawler-type” mobile sucker for the cleaning of PV arrays. The vacuum PV cleaning robot is free of the many demerits of traditional cleaning equipment, such as heavy weight, poor portability, inconvenient deployment and short battery life. This product has broken the constraints of established concepts and redefined the portable PV cleaning robot. Being small in size, light in weight, smart and eco-friendly, it is capable of waterless cleaning. It is a PV cleaning robot accessible to thousands of households.

Pangu Drug Molecule Model to Accelerate Drug Discovery with AI, another Gold Award winner, is a platform to assist researchers in accelerating drug research and development with AI. With the strong computing power supported by the cloud and AI model, it makes the whole process of drug R&D visible and perceptible. Its multi-dimensional visual designs improve the readability of complex medical data. Powered by computer simulation technology and molecular dynamics, the product can minimize the knowledge and skills required for researchers. The intelligent recommendation of medical knowledge map and path record design enable scientific research and exploration to be more efficient, and the saved path records of research become visual and traceable.

The 2023 Call for Entry of the 8th DIA concurrently commenced with the core theme of “Design Evolution”. The evolution of design represents the evolution of human life, and design evolution is not only the qualitative change of practices but also the evolution of values and design thinking patterns. With the ongoing interconnection of tech and design concepts, design has shifted from satisfying basic needs to creating new needs and from independent existence to integration. In an ever-changing era, the 8th DIA invites designers around the world to explore and reveal new forms of design evolution amidst the ongoing evolution of the world.

Design firms, design teams, employed designers, independent designers and young designers can submit their entries before the deadline of June 30, 2023 (24:00, UTC+8) at DIA website (www.di-award.org ). Participants will have an opportunity to grab a share of the RMB 5 million award fund. Winners will receive a prize of up to RMB1 million. In an ever-changing era, the 8th DIA invites designers around the world to explore and reveal new forms of design evolution amidst the ongoing evolution of the world.

PR Newswire

Empowered by innovation, Huion Aims to Bring Digital Ink Solutions Worldwide

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NEW YORK, March 12, 2023 /PRNewswire/ — Huion, a leading innovator and manufacturer of digital drawing devices, is celebrating its 12th anniversary across all the platforms, including social networking sites and the official community.

Founded in 2011, Huion has grown from a startup to an industry leader in the last decade. When asked what the secret to its success is, Huion will say it is Innovation. Huion acted to provide its customers with the best products and cutting-edge technology. As a result, it rapidly developed as a global brand with a good reputation. For the time being, Huion has become a baseline of comparison in the industry, frequently recommended by communities and creatives for its great value.


Huion sticks to “Technology + Innovation” strategy

In recent years, Huion strives for a “Technology + Innovation” strategy as it expands its product line ranging from entry-level to high-end workflow, catering to a diverse range of creators and professionals.

From 2022 to 2023, Huion has introduced the industry’s largest pen tablet, Inspiroy Giano; the industry’s first pen tablet with dual dial controllers, Inspiroy Dial 2; in addition, it rolled out its first smart digital notebook, Huion Note; the intuitive Inspiroy 2 series of tablets; and the new pen computers Kamvas Studio 16 & 24, which drew much attention.


As for technological achievement, Huion introduced the latest PenTech 3.0+ to give artists a more natural writing experience. PenTech 3.0+ technology is first used on PW550 and PW550S. With the linear pressure sensitivity, the new pens will react smoothly and take the user experience to the next level.

During that time, Huion also won design awards, such as GOLDEN PIN DESIGN AWARD 2022 and Red Dot Design Award 2022. It is undeniably a form of recognition and encouragement for Huion, propelling it to greater heights.

Huion’s prospects in the near future

Huion’s mission is to bring digital ink solutions to more people around the world, allowing them to express their ideas and values with boundless imagination and creativity, regardless of their background and status. Today, Huion users come from all over the world, including Europe, Southeast Asia, North America, and Australia.

We’ve seen the power of innovation, and we still believe it’s the key to the longevity of an enterprise. In the foreseeable future, Huion will continue to innovate and lead the way in the industry.

PR Newswire

Huawei Unveils Four Scenario-based Solutions for Healthcare, Contributing New Ideas to Smart Hospital Construction

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BARCELONA, Spain, March 11, 2023 /PRNewswire/ — During the Mobile World Congress (MWC) 2023, Huawei held a healthcare media roundtable themed “Accelerate the Digital Journey of Healthcare, Create New Value Together”. Xia Zun, President of Huawei Global Public Sector, introduced Huawei’s four scenario-based healthcare solutions and announced the first smart hospital online showcase at Huazhong University of Science and Technology Union Shenzhen Hospital, which is open for the first time to customers outside China.

Xia Zun, President of Huawei Global Public Sector (first from the right)
Xia Zun, President of Huawei Global Public Sector (first from the right)

Xia Zun said, “Healthcare digital transformation is entering the deep-water zone. New digital technologies, such as 5G, F5G, AI, IoT, and cloud computing, are combined with medical engineering to support the innovations in healthcare, and speed up its development. Huawei will stay humble, work with customers and partners, who have the expertise and know-how, and step up our strategic investment to help the healthcare industry accelerate digital transformation.”

All-Optical Medical Imaging Solution for 3D Image Viewing

Huawei’s All-Optical Medical Imaging solution can load thousands of images in seconds and reconstruct the image in 3D with 4K high definition, offering a fast, stable, and intelligent experience.

Digital Pathology Solution to View 1000+ Slices in Seconds

Based on Huawei OceanStor Pacific distributed storage and lossless compression algorithms, Huawei’s Digital Pathology solution speeds up the storage and query of pathological data, and saves more than 30% storage space.

Smart Ward Solution for Intelligent and Wireless Ward Management and Services

Using 5G, IoT, and Wi-Fi technologies, Huawei Smart Ward solution help hospitals reduce management costs, and improve patient experience through healthcare IoT applications, such as IV fluids monitoring, baby theft prevention and etc.

Smart Hospital ICT Infrastructure for Ever-fast, Secure, and Long-lasting Systems

Huawei’s ICT infrastructure solution, featuring active-active DC and converged campus network will ensure that business systems can run 24*7 smoothly.

Huawei is committed to bringing digital to every person, home and organization for a fully connected, intelligent world. Healthcare is one of the key sectors for Huawei’s Global Public Sector business. As of now, along with over 2,000 ecosystem partners, Huawei serves more than 2,800 hospitals and medical research institutions in over 90 countries and regions worldwide.

Media enquiries please contact: hwebgcomms@huawei.com 

PR Newswire

Cloud Packet Core Revenue to Grow from US$11 Billion in 2022 to US$16 Billion in 2027

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LONDON, March 7, 2023 /PRNewswire/ — 5G core (5GC) network marks the first ‘G’ that paves the way for CSPs to operate solely in the software layer. Cloud-native EPC functions and 5GC are key drivers for new telecom value creation. With the ongoing adoption of cloudified packet core networks, it is the first time the industry has relied on the core network to introduce something above and beyond enhanced mobile broadband (eMBB). According to a new report from global technology intelligence firm ABI Research, cloud packet core revenue will grow from US$11 billion in 2022 to US$16 billion in 2027.

In a modular and increasingly disaggregated ecosystem characterized by ‘vertical’ and ‘horizontal’ openness, technology choices for software, hardware, and services that underpin packet core buildouts are fundamental for BT, Orange, Telefónica, and Vodafone, among other CSPs, to expand existing MBB business and explore new business opportunities. Global technology intelligence firm ABI Research forecasts that, for MBB, core network application software is expected to grow from US$4.8 billion in 2022 to US$6.6 billion in 2027 at a Compound Annual Growth Rate (CAGR) of 6%.

“Today, much of the traffic going through the packet core is handled via physical network elements. With a growing 5G subscriber base and ongoing adoption of 5GC, the expectation is that 4G traffic shifts to 5G networks,” explains Don Alusha, 5G Core and Edge Networks Senior Analyst at ABI Research. “That, in addition to a rapid proliferation of software-fueled advances, means that today’s classic model for packet core equipment sales will likely take a different structure tomorrow.” What drives that point home is that hardware sales for packet core networks are expected to reach US$3.9 billion in 2027, not a significant growth from the current market valued at US$3.5 billion in 2022. With an ongoing cloudification of packet core networks, the commercial imperative for vendors like Cisco, HPE, and Juniper, among others, is stark: depart from a finite supply of integrated equipment to models based on software where the supply is essentially infinite. 

Further, new value stands to be created in professional services. ABI Research forecasts that packet core services are expected to grow from US$3 billion in 2022 to US$5.2 billion in 2027 at a CAGR of 12%. “There is a growing market for services to help CSPs manage 5G rollouts driven by hardware and software separation, multi-vendor stacks, and expanded business scope drive. In that order. With 3G and 4G, packet core services revolve around one supplier providing their own software and hardware in an integrated fashion to ensure feature alignment, performance, and lifecycle management,” says Alusha. But going forward, with cloud packet core, the industry structure stands to be horizontally stratified. So, the supplier of the future will need to aid CSPs in all aspects of technology – from defining network architecture to managing workloads to building applications potentially coming from diverse suppliers.

The rules of buying and selling packet core are changing. How suppliers build products, drive revenue, the services they offer, and what they do to succeed in an increasingly cloudified ecosystem are all on the table. “For the next few years, the likes of Cisco, HPE, and Juniper must execute a ‘do both’ model. They need to run the current product playbook and layer in a new software-based selling strategy in line with new economic realities, Alusha advises. Ultimately, suppliers must help, not sell. Helping will sell, but selling will not help. Helping requires strong system integration and services capabilities. In addition, the market is becoming more complex and riskier. Success will go to the fittest – not necessarily the biggest -because “bigness” is weakened by commoditization. Innovation in the process – how things get done internally – will be as important as innovation in packet core products that vendors sell,” Alusha concludes.

These findings are from ABI Research’s Network Cloud Infrastructure market data report. This report is part of the company’s 5G Core & Edge Networks research service, which includes research, data, and analyst insights. Based on extensive primary interviews, Application Analysis reports present an in-depth analysis of key market trends and factors for a specific technology.

About ABI Research

ABI Research is a global technology intelligence firm delivering actionable research and strategic guidance to technology leaders, innovators, and decision makers around the world. Our research focuses on the transformative technologies that are dramatically reshaping industries, economies, and workforces today.

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.

Contact Info: 

Global 
Deborah Petrara 
Tel: +1.516.624.2558 
pr@abiresearch.com

PR Newswire

Eoptolink Launches Innovative 800G Linear-drive Pluggable Optics During OFC 2023

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CHENGDU, China and FREMONT, Calif., March 6, 2023 /PRNewswire/ — Eoptolink Technology Inc., Ltd. (SZSE: 300502), a leading provider of optical transceiver solutions and services, announced today the launch of 800G Linear-drive Pluggable Optics (LPO).

800G LPOs are designed without DSPs or CDRs, resulting in significantly lower power consumption and dramatically reduce latency compared to conventional DSP based solutions. The reduction in latency has become a key driver for the growing demand for LPOs in applications such as switch-to-switch, switch-to-server, and GPU-to-GPU connectivity in Machine Learning and High-Performance Computing.

Eoptolink’s LPO portfolio consists of modules for both multimode and singlemode applications. For multimode fiber applications, portfolio includes 800G LPO based on VCSEL technology. For single mode fiber applications, LPO transceivers are available based on Silicon Photonics, EMLs, and Thin-film Lithium Niobate modulators. These modules will be offered in both OSFP and QSFP-DD800 form factors.

“LPOs without a DSP chip enable a new suite of optical transceiver products using only linear analog components in the data link, leading to lower power and lower link latency”, said Mr. Sean Davies, VP of US Sales at Eoptolink.

“LPOs providing high bandwidth connectivity with less power and less cost than today’s solutions are a benefit to Mega data center market in general” said Richard Huang, CEO Eoptolink. “They offer measurable cost savings in mega data center operations and enable latency sensitive application in AI and ML. Eoptolink’s innovative approach will enable its customers to improve their network performance.”

Live demonstrations of Eoptolink LPOs will be shown at OFC 2023, San Diego, CA, booth 3327 from March 7th to 9th.

For Media Enquiries: 

James Zhang
james.zhang@eoptolink.com

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Source: Eoptolink Technology Inc. Ltd.