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Archive for July 23rd, 2014

All-new Volvo XC90: Two World-Firsts, One of the Safest Cars in the World

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GOTHENBERG, Sweden  /PRNewswire/ —

  • World’s first auto brake when turning in front of an oncoming vehicle
  • World’s first solution focusing on accidental road departure
  • Most advanced standard safety package on the market
Intersection scenario - XC90 features automatic braking if the driver turns left (or right in left-hand traffic) in front of an oncoming car. The car detects a potential crash and brakes automatically in order to avoid a collision or mitigate the consequences.
Intersection scenario – XC90 features automatic braking if the driver turns left (or right in left-hand traffic) in front of an oncoming car. The car detects a potential crash and brakes automatically in order to avoid a collision or mitigate the consequences.

Volvo Cars’ all-new XC90 – which will be revealed in August – will offer the most comprehensive and technologically sophisticated standard safety package available in the automotive industry. The new technologies will take the company a significant step closer to its vision that no one will be killed or seriously injured in a new Volvo car by 2020.

The standard safety package on the all-wheel drive, seven seat premium SUV will include two world-first safety technologies: a run-off road protection package and an auto brake at intersection capability.

To view the Multimedia News Release, please click:
http://www.multivu.com/mnr/71400582-all-new-volvo-XC90-safest-car

“Our starting point on safety is the same today as it was 87 years ago: real-life situations,” says Dr Peter Mertens, Senior Vice President Research and Development of Volvo Car Group. “We study data. We crunch numbers. We innovate. The result is one of the safest cars ever made.”

World first number 1: Run-off road protection

Run-off road is a common accident type with different causes, such as driver distraction, fatigue or poor weather conditions. For example, half of all traffic fatalities in the United States are road departure accidents, while inSweden, single-vehicle accidents involve one third of all fatal- and severe injury crashes with passenger cars.

In a run-off road scenario, the all-new Volvo XC90 detects what is happening and the front safety belts are tightened to keep the occupants in position. The belts are firmly tightened as long as the car is in motion.

To help prevent spine injuries, energy-absorbing functionality between the seat and seat frame cushions the vertical forces that can arise when the car encounters a hard landing in the terrain. The solution is capable of reducing the vertical occupant forces by up to one third.

World first number 2: Auto brake at intersections

The XC90 is the first car in the world with technology that features automatic braking if the driver turns in front of an oncoming car. This is a common scenario at busy city crossings as well as on highways, where the speed limits are higher. The all-new Volvo XC90 detects a potential crash and brakes automatically in order to avoid a collision or mitigate the consequences of a crash.

All auto brake functions standard

City Safety will become the umbrella name for all of Volvo Cars’ auto brake functions – which are standard equipment in the all-new XC90.

“City Safety is one of the most advanced standard crash prevention offers you can find in a modern car. It now covers vehicles, cyclists and pedestrians in front of the car, day and night,” explains Lotta Jakobsson, Senior Technical Specialist Safety at Volvo Cars Safety Centre. “We are now able to cover the whole span from dusk to dawn by using a highly sensitive camera combined with advanced exposure control.”

Note to Editors:

A picture accompanying this release is available through the PA Photowire. It can be downloaded fromhttp://www.pa-mediapoint.press.net or viewed at http://www.mediapoint.press.net orhttp://www.prnewswire.co.uk.

Media contacts: Phone: +46-31-596525, Mail: media@volvocars.com

(Logo: http://photos.prnewswire.com/prnh/20140522/683630)
(Photo: http://photos.prnewswire.com/prnh/20140722/694780)

Video:
http://www.multivu.com/mnr/71400582-all-new-volvo-XC90-safest-car

Source: Volvo Car Corporation

Written by asiafreshnews

July 23, 2014 at 2:15 pm

Posted in Uncategorized

Quintiq wins ‘Best Supply Chain Management Technology Award’

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RADNOR, Pa.  /PRNewswire/ —

SCM Logistics & Manufacturing Excellence Awards 2014 honors Quintiq for recent success in Asian markets

Quintiq, a global leader in supply chain planning & optimization (SCP&O), is pleased to announce that it has won the Best Supply Chain Management Technology Award. The accolade was presented at the SCM Logistics & Manufacturing Excellence Awards 2014, held on June 24, 2014, at the Suntec International Convention & Exhibition Centre in Singapore.

Celebrating the leadership efforts and accomplishments that drive the development of Asia’s supply chain and manufacturing industries, the SCM Logistics & Manufacturing Excellence Awards recognize the industry’s innovators. Nominees were evaluated through a two-part process including an assessment by a board of internal judges, based on a synopsis of the company and its recent successes, while a public vote determined the winners.

Quintiq was selected for its innovative software platform that has improved customers’ supply chain performance in terms of efficiency, responsiveness and reduced costs. Quintiq customers report increased forecast accuracy, significant reductions in inventory and logistics costs as well as higher order fulfillment rates.

“Asian consumer markets are rapidly evolving and radically changing the way manufacturers, suppliers and transporters of goods operate. These changes require supply chains to be agile, resilient, and highly responsive.   As a global leader in supply chain planning and optimization software, Quintiq offers solutions that ensure supply chains meet these sophisticated business requirements,” said Kris Kosmala, Quintiq’s Vice President, Asia Pacific.

“We are honored to be recognized for our work in Asia’s manufacturing industry and look forward to raising the bar even higher in the Asia-Pacific region and around the world.”

The award winners were announced at the SCM Logistics & Manufacturing Excellence Awards Dinner on June 24 as part of the SCM Logistics & Manufacturing World Conference in Singapore. Quintiq was selected from a shortlist of five companies representing the top vendors in Asia’s manufacturing industry. For more information on the awards and conference, please visit this website.

About Quintiq

Every business has its supply chain planning puzzles. Some of those puzzles are large. Some are complex. Some seem impossible to solve. Since 1997, Quintiq has been solving each of those puzzles using a single supply chain planning & optimization software platform. Today, approximately 12,000 users in over 80 countries rely on Quintiq software to plan and optimize workforces, logistics and production. Quintiq has headquarters inthe Netherlands and the USA, and offices around the world.

For more information, visit http://www.quintiq.com or follow Quintiq on Twitter, Facebook, LinkedIn and YouTube.

Press Contacts:

North America Enquiries
Brittany Falconer
Racepoint Group
Tel: +1-617-624-3242
Quintiq@Racepointgroup.com

EMEA Enquiries
Simon Clark
Weber Shandwick
Tel: +44(0)20-7067-0263
quintiq@webershandwick.com

Source: Quintiq

Written by asiafreshnews

July 23, 2014 at 2:10 pm

Posted in Uncategorized

GaAs Bulk Substrate Market Sees Further Revenue Contraction in 2013 says Strategy Analytics

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— Challenging Times Ahead for Substrate Manufacturers: Freiberger Compound Materials (FCM), AXT, Sumitomo and Dowa

BOSTON /PRNewswire/ — Despite strong growth in the GaAs device market, GaAs bulk substrate manufacturers saw both production and revenues decline for the second straight year.  The recently released Strategy Analytics Advanced Semiconductor Applications (ASA) spreadsheet model and Forecast and Outlook report, Semi-Insulating GaAs Bulk Substrate Markets: 2013-2018 forecasts that new mobile architectures, competing technologies and flattening GaAs device growth rates will result in further declines in the total available market (TAM) for GaAs bulk substrates.

Semi Insulating GaAs Substrate Production
Semi Insulating GaAs Substrate Production

Logo – http://photos.prnewswire.com/prnh/20130207/NE56457LOGO-b

Click here for the report: http://bit.ly/1qEascm

The report concludes:

  • Demand for semi-insulating GaAs bulk substrates declined by nearly 2 percent in 2013. The volume decline and increasing price erosion caused revenues to decline by 8 percent.
  • As a result, bulk substrate demand will grow with a CAAGR of less than 1 percent through 2018.  With price erosion returning to historical levels, the slow growth of substrate production will drop revenues to $160 million in 2018.

Photo – http://photos.prnewswire.com/prnh/20140721/128915

Quotes

Eric Higham, Service Director, Advanced Semiconductor Applications commented: “There will be challenging times ahead for GaAs substrate manufacturers. “The emergence of CMOS PAs and multi-mode, multi-band GaAs PAs will both act to slow growth and reduce revenue.”

Asif Anwar, Director in the Strategic Technologies Practice added: “The good news is that prior disruptions in the GaAs bulk substrate supply chain appear to have been addressed, but this means a return to historical price erosion rates that will pull revenues down.”

About Strategy Analytics

Strategy Analytics, Inc. provides the competitive edge with advisory services, consulting and actionable market intelligence for emerging technology, mobile and wireless, digital consumer and automotive electronics companies.  With offices in North America, Europe and Asia, Strategy Analytics delivers insights for enterprise success.  www.StrategyAnalytics.com

US Contact: Eric Higham, +1-617-614-0706, ehigham@strategyanalytics.com
European Contact: Asif Anwar, +44(0)-1908-423-635, aanwar@strategyanalytics.com

Source: Strategy Analytics

Written by asiafreshnews

July 23, 2014 at 11:56 am

Monument Capital Group Holdings Appoints World Class Team of Science and Data Experts to Advise on Security and Technology Acquisitions

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WASHINGTON /PRNewswire/ — Leading figures in the world of cryptology and data security have joined the expert team at global security industry investment firm Monument Capital Group Holdings (MCGH).

MCGH is an international private investment firm focused on investments in non-lethal products and services in the global and national security sectors. MCGH specifically targets leading-edge technology companies.

Michael Leiter is Head of Global Government & Cyber Operations and Senior Counselor to the CEO of Palantir Technologies. From 2007 to 2011 he was Director of the United States National Counterterrorism Centre. Mr Leiter has joined MCGH as a Senior Advisor. He will work the MCGH team to provide analysis of the changing global cyber security space and help to inform the firms’ target market and acquisition strategy.

Professor Silvio Micali is a world-renowned cryptologist at the Computer Science and Artificial Intelligence Lab atMassachusetts Institute of Technology (MIT) and a Turing Award Laureate. Professor Alex Pentland is Director of Human Dynamics at MIT Media Lab. He is considered a world-leading expert on data. Both have joined MCGH as scientific advisors.

Chairman and Managing Partner of Monument Capital Group Holdings Joel Andre Ornstein said:

We are developing a team of world class experts who have an unrivalled understanding of the pioneering development and application of technology within the fast moving security and data industries. We are one of only a handful of private equity firms focusing exclusively on the global security market and these appointments give us the insight and edge needed to deliver high growth returns.

Spending on technology and services in the global and national security sectors currently exceeds more than$1.3 trillion globally and is expected to continue to grow in excess of 7% per annum.

The need for off-the-shelf innovative technologies means that middle-market R&D driven companies, pioneering technological innovation, are able to access this high growth, radically shifting market.

Monument Capital Group Holdings Co-founder Robert J.Dunn said:

“Changes in the global security landscape are creating a demand for different kinds of technology developed by new, small to midcap technology-led companies. Monument Capital Group Holdings is targeting investment at those companies that have the potential for significant growth. We use our expertise and access to emerging markets to create significant opportunities for investors and innovative firms alike.”

Michael Leiter, Professor Micali and Professor Pentland join an MCGH team that comprises leading figures from the worlds of finance, private equity, government and the technology security sectors.

Notes to Editors

1. Michael Leiter is Head of Global Government & Cyber Operations and Senior Counselor to the CEO of Palantir Technologies. Leiter overseas all of Palantir’s work with government in the US, Europe, Asia, the Middle East andAustralia as well as Palantir’s cyber defense work with several Fortune 500 companies. Before joining Palantir Michael Leiter was Director of the United States National Counterterrorism Centre (NCTC) from 2007 to 2011 under both Presidents G.W. Bush and Obama. As Director of the NCTC, Leiter led the primary organisation in the U.S. government for analysis and integration of all terrorism intelligence, both domestically and overseas.

2. Professor Silvio Micali serves as the Ford Professor of Engineering at the Massachusetts Institute of Technology. Micali has received the Turing Award (in computer science), the Gödel Prize (in theoretical computer science), and the RSA prize (in cryptography). He is a member of the National Academy of Sciences, the National Academy of Engineering, and the American Academy of Arts and Sciences and Fellow of the International Association for Cyptologic research.

3. Alex Pentland directs MIT’s Human Dynamics Laboratory and the MIT Media Lab Entrepreneurship Program, co-leads the World Economic Forum Big Data and Personal Data initiatives. He is a member of the National Academy of Engineers, a member of the Advisory Boards for Nissan, Motorola Mobility, Telefonica, and a variety of start-up firms. In 2012 Forbes named Professor Pentland one of the ‘seven most powerful data scientists in the world’.

4. Monument Capital Group Holdings (monumentcapitalgroup.com) (an affiliate of Monument Capital Group) and Monument Capital Group Acquisition Holdings began operations in 2013. The company’s co-founders and Managing Partners are Joel Andre Ornstein (Chairman), founder of Majorn Corp a joint venture partnership between The Carlyle Group and the Paris based investment holding company Euris Group. Robert J. Dunn, former member of the Buyout Team with The Carlyle Group and former head of its operations in Saudi Arabia,Russia, and Turkey and Douglas Baker, former Special Assistant to President G.W. Bush for Homeland Security.

5. MCGH is advised by a senior team comprising:

  • Robert F. Armao – Chairman of the global advisory firm Armao and Company and former Assistant to Nelson Rockefeller.
  • James A. Baker, III− Former Secretary of State to President G.H.W Bush and former Secretary of Treasury to President Reagan and Chief of Staff to both Presidents Reagan and G.H.W. Bush.
  • Todd Bradley – Former Executive Vice President of Hewlett Packard’s Strategic Growth Initiatives, former CEO of Palm, Inc. and EVP of Global Operations for Gateway, Inc.
  • Frank C. Carlucci− Chairman Emeritus of The Carlyle Group and former Secretary of Defense and National Security Adviser to President Reagan.
  • Mustafa V. Koç – Chairman of Koç Holding, Turkey’s largest conglomerate and one of Europe’s largest companies.
  • Thomas F. McLarty, III− Former Chief of Staff to President Clinton and former Chairman of Arkla, a Fortune 500 natural gas company.
  • Douglas A. Ollivant – Former National Security Council (NSC) Director under both Presidents G.W. Bush and Obama . Retired Army Officer, advisor to Generals in both Afghanistan and Iraq.
  • Kulbir Singh – The former Head of the Western India Corporate Banking Division at Grindlays Bank. Singh runs an Indian based advisory business instructing international corporations on entry strategies into India’smarketplace.

The depth of talent within the MCGH team means the company has unrivalled understanding and experience of working with international governments, private and public corporations.

6. MCG and its affiliates have invested in two portfolio companies and two add on acquisitions. In 2011 Persistent Sentinel, a U.S-based provider of enhanced security and surveillance software products. In 2012, SDi a provider of advanced security systems integration and management. In 2013 SDi acquired I-sys Corp and X7 Systems.

Source: Monument Capital Group Holdings

Written by asiafreshnews

July 23, 2014 at 11:24 am

On the Cusp of Gender Parity – But Leaking Pipeline Means Hong Kong Women Still Under-Represented at Senior Levels

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-Community Business’ latest benchmark of gender diversity across multinational companies in Asia shows improvement in Hong Kong and commendable steps being taken to create an enabling environment for women, but further culture change is required to drive continued progress

HONG KONG /PRNewswire/ — Hong Kong is seeing an encouraging improvement in gender parity across the total workforce and at junior and middle levels, but women are still under-represented in senior positions, according to the study ‘Gender Diversity Benchmark for Asia 2014′ (GDBA 2014) released today. The lead sponsor of the report is Bank of America Merrill Lynch, as part of its efforts to promote diversity and inclusion.

Download the media briefing and the launch event photos:http://www.communitybusiness.org/events/2014/GDBA2014/GDBA2014_Launch.htm

The study benchmarks the gender diversity of more than 30 multinational companies in six markets across Asia, including Mainland China, Hong Kong, India, Japan, Malaysia, and Singapore. It is conducted by Community Business, a leading not-for-profit organisation specialising in corporate responsibility and a thought leader on diversity and inclusion in Asia.

The report reveals that when it comes to the average representation of women in the total workforce and at junior levels, companies in Hong Kong are achieving or exceeding gender parity. The average representation of women in the total workforce in Hong Kong is 50.9%, ranking third in Asia. This compares with 44.3% when the survey was last conducted in 2011. At junior levels the average representation of women is 57.5%, and despite ranking fifth across the region at this level, 83.3% of companies in Hong Kong have 50% or more women at this level. At middle levels too, the average percentage of women continues to be reasonably strong at 45.7%, above the regional average at this level of 39.0%.

However, women locally continue to face barriers to senior positions with the representation of women in senior management levels at only 29.4%. While higher than the regional average of 24.3%, the biggest leak in the pipeline remains between middle to senior level positions, with an average 35.8% drop in the representation of women between these levels. This puts the city third in Asia, behind Mainland China (35.6%) and Malaysia(34.0%) which rank first and second respectively, but ahead of Singapore in fourth place (23.7%).

Findings show that across the region companies have taken commendable steps to create an enabling environment for women and policies such as flexible working practices are well established in all markets.  This is true in Hong Kong too, although Hong Kong performs below the regional average on a number of the indicators, including maternity leave (87.1 days versus regional average of 101.1 days) and paternity leave (5.0 days versus a regional average of 5.2 days).

The senior executives interviewed and featured in the study generally acknowledged that, based on the findings of this GDBA 2014, the representation of women in senior positions remains low in Asia.  However, for the most part they were optimistic about the future, pointing to the growing recognition of the link between increased gender diversity and enhanced business performance. They highlighted the importance of driving cultural change in organisations from the top, and shared the key role that they are playing — leading by example and proactively engaging men and women on this issue.

Commenting on the findings, Fern Ngai, CEO of Community Business said: “Overall we are pleased to see some signs of real progress in this latest study. Of course, much more needs to be done and performance varies across the region. Here in Hong Kong as in other markets, women continue to be under-represented at senior levels in organisations and we need to continue to address this.  However, overall these gradually improving numbers show that moving the needle and achieving greater gender balance, if not gender parity at all levels, is indeed an achievable goal in Hong Kong.”

“A diverse workforce is fundamental to the success of our business, providing a broader range of experience and perspective from the best talent available” says Bernhard Steiner, Bank of America Merrill Lynch Asia Pacific Chief Risk Officer, who chairs the company’s regional diversity and inclusion council. “This report shows encouraging progress in junior and middle management in Hong Kong and Asia. Ensuring that progress is mirrored in senior leadership roles is not just a women’s issue, but I believe should be a leadership priority. We are proud of the progress made to date within our organisation and this report further reinforces our sustained commitment to promote gender diversity across the region.”

Regional Highlights:

  • Encouraging signs of progress: Comparing performance with the 2009 and 2011 studies, there is a general upward trend in all markets with the most noticeable improvements taking place in Mainland Chinaand Malaysia.
  • Strong representation at junior and middle levels: In all markets except India, the average representation of women at junior levels exceeds 50%, whilst in Mainland China, Malaysia, Hong Kong and Singapore, it exceeds 40% at middle levels.
  • Gender parity — an achievable goal: A significant number of companies are now achieving gender parity at certain levels in their organisations — showing that this is an increasingly achievable goal. Over half of companies in Mainland China (65.5%) and Malaysia (52.9%) have achieved or exceeded gender parity at middle levels, whilst over a third (35.3%) of companies in Malaysia have done the same at senior levels.
  • Widening gap in performance:  However, the progression is more pronounced in certain markets than others, widening the gap between the best and worst performing countries in the region. Mainland China(35.6%) and Malaysia (34.0%) show the most marked improvement — particularly in terms of the representation of women at senior levels, whilst Japan (11.0%) and India (10.6%) show nominal change and are barely achieving double digit figures at this level.
  • Regional averages remain low: Despite signs of improvement in certain markets, the overall representation of women at middle and senior levels remains low across the six markets. The regional average at middle levels is 39.0% and this falls to just 24.3% at senior levels.
  • Leaking pipeline an on-going challenge in all markets in Asia: Companies continue to experience a significant loss of women from one level to the next. The average rate of decrease across the region is 30.7% from junior to middle levels and 37.8% from middle to senior levels. The leaking pipeline is a particular issue in India from junior to middle levels (-45.9%) and in Japan from middle to senior levels (-61.3%).
  • Demonstrated commitment to creating enabling environments: Companies have taken commendable steps to create an enabling environment for their women. In particular, maternity leave, paternity leave and flexible work arrangements are offered by virtually all companies in all markets, whilst women’s networks, on-ramping support and professional development programmes are also widely embraced by companies.
  • Existence of policies and programmes does not necessarily correlate to strong performance: More companies in Japan and India offer support to working parents and professional development programmes for women than in the other markets — and yet the average representation of women at middle and senior levels in these markets are the lowest. Similarly, companies in Malaysia offer the shortest maternity leave and the least support to women in the form of women’s networks, on-ramping support and professional development – yet Malaysia performs well on all data points.

The research is also funded by Secondary Sponsors Brown-Forman and Google.

“We were pleased to have had an opportunity to be a Secondary Sponsor of this Gender Diversity Benchmark forAsia 2014 by Community Business. Women are key to the growth and sustainability for our business as well as the countries in which our business operates. That means many of our mental models related to women in the workplace must not only change but it is essential that men play a role in that process.” said Ralph de Charbert,Chief Diversity Officer at Brown-Forman.

“This report reminds us that, while the past few years have resulted in positive change for the representation of women at all levels, there’s still plenty of room for improvement. Equipped with this data, we can better understand the extent of the challenges for gender diversity in Asia, track progress over time, and be a bigger part of the solution.” said Keerthana Mohan, Head of Diversity & Inclusion at Google.

The table below shows the average representation of women (%) at different levels — on a regional basis as well as the best and worst performing geographies:

Total Workforce %
& ranking

Junior Levels %
& ranking

Middle Levels %
& ranking

Senior Levels %
& ranking

REGIONAL AVERAGE

47.5%

56.3%

39.0%

24.3%

Mainland China

56.7 (2)

64.9 (1)

49.6 (2)

35.6 (1)

Hong Kong

50.9 (3)

57.5 (5)

45.7 (3)

29.4 (3)

India

26.6 (6)

30.3 (6)

16.4 (6)

10.6 (6)

Japan

42.6 (5)

59.2 (3)

28.4 (5)

11.0 (5)

Malaysia

58.1 (1)

63.0 (2)

50.3 (1)

34.0 (2)

Singapore

48.2 (4)

58.5 (4)

40.6 (4)

23.7 (4)

Dedicated to progressing discussion on gender issues and boarder topics of diversity & inclusion (D&I) in the workplace, Community Business will hold its bi-annual regional Diversity & Inclusion in Asia Conference on 11 &12 November 2014 in Hong Kong. This Conference, since its debut in 2005, has become the primary forum for discussion on D&I issues as they relate to Asia — with an established reputation for bringing together the most inspirational and informed speakers on the subject and pushing the boundaries of discussion. For the first time, Community Business offers a programme of sessions and activities on Day 1 of the Conference around the gender topics. This Day 1 programme is designed specifically for those looking to leverage the competitive advantage that female talent brings to leadership and organisational success in Asia. For more information,http://programme.communitybusiness.org/diasiaconf2014/.

About the Study Gender Diversity Benchmark for Asia 2014

Adopting the same methodology as previous studies conducted in 2009 and 2011, this third edition of Gender Diversity Benchmark for Asia (2014) presents data showing the representation of women at different levels in 32 companies across 6 markets in Asia: Mainland China, Hong Kong, India, Japan, Malaysia and Singapore as of 31 December 2013.  In addition to providing essential benchmarking data, the research provides an overview of policies and programs that companies have in place to support the advancement of women and features interviews with twelve senior male executives deemed to be champions of gender diversity in their organisations.

The 32 companies participating in this benchmark study together employ over 240,000 employees across the six markets and include: AIG, ANZ, Ashurst, Bank of America Merrill Lynch, BlackRock, Brown Forman, Commonwealth Bank, Cisco, Citi, Coca-Cola, Deutsche Bank, ERM, EY, Goldman Sachs, Herbert Smith Freehills, Hogan Lovells, J.P.Morgan, Linklaters, Macquarie Bank, Morgan Stanley, National Australia Bank, Nomura, Novartis, Ogilvy, PwC, QBE, Qualcomm, The Royal Bank of Scotland, Shell, State Street, Thomson Reuters and TNT.

The full report is available for download on Community Business’ website at www.communitybusiness.org.

About Community Business

Community Business is a not-for-profit organisation whose mission is to lead, inspire and support businesses to improve their positive impact on people and communities. As a thought leader in corporate responsibility inAsia, Community Business conducts research, facilitates events and networks, leads campaigns and provides consultancy and training. Its major areas of focus include: corporate responsibility strategy, diversity & inclusion, work-life balance and community investment. Founded in 2003 and based in Hong Kong, Community Business works with leading organisations across the Asia region. For more information, visitwww.communitybusiness.org.

For media enquiries, please contact:

Joy Tsang, Communications Manager, +852-2152-1889, +852-9486-4364, joy.tsang@communitybusiness.org

 

Source: Community Business

Written by asiafreshnews

July 23, 2014 at 10:33 am

Posted in Uncategorized

Palo Alto Networks Uncovers New Source of Cyberthreats Targeting Businesses

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— Research pinpoints how “419” scammers have evolved to get around traditional enterprise safeguards

SANTA CLARA, Calif./PRNewswire/ — Palo Alto Networks® (NYSE: PANW), the leader in enterprise security, today revealed that cyber criminals in Nigeria have evolved common malware campaigns to infiltrate businesses that have not previously been their primary targets.

Logo – http://photos.prnewswire.com/prnh/20130508/SF04701LOGO

419 Evolution, a new report released today from Unit 42, the Palo Alto Networks threat intelligence team, explains how Nigeria-based scammers are now using the same tools more sophisticated criminal and espionage groups often deploy to steal business-critical data from enterprises.

Nigerian criminals are infamous for running easily-spotted “419” phishing scams that attempt to collect credit card details or personal information from individuals, but over the past few years have expanded their skills to target businesses using more advanced techniques. Palo Alto Networks researchers discovered these activities and techniques, code-named Silver Spaniel, using WildFire, which rapidly analyzes cyberthreats in a cloud-based, virtual sandbox environment.

Key research takeaways:

  • Among other techniques, Nigerian criminals use Remote Administration Tools (RATs) available through underground forums, including commercial RATs such as NetWire, that provide complete control over infected systems
  • Attacks similar to Silver Spaniel in the past may have come from Eastern Europe or a hostile espionage group; businesses haven’t traditionally dedicated resources to these potentially impactful spammers fromNigeria
  • Traditional Antivirus programs and legacy firewalls are ineffective because Silver Spaniel attacks are specifically designed to evade those technologies

Quote:

  • “These Silver Spaniel malware activities originate in Nigeria and employ tactics, techniques and procedures similar to one another. The actors don’t show a high level of technical acumen, but represent a growing threat to businesses that have not previously been their primary targets.” — Ryan Olson, Unit 42 Intelligence Director, Palo Alto Networks

Palo Alto Networks Launches A New Era In Threat Intelligence

Unit 42, the Palo Alto Networks threat intelligence team, is made up of accomplished cybersecurity researchers and industry experts. Unit 42 gathers, researches and analyzes up-to-the-minute threat intelligence, sharing insights with Palo Alto Networks customers, partners and the broader community to better protect organizations.

Unit 42 focuses on the technical aspects of attacks, as well as the context in which they are launched, helping all members of the business community, from CEOs to security practitioners, better understand who is executing attacks and why.

To learn more:

ABOUT PALO ALTO NETWORKS

Palo Alto Networks is leading a new era in cybersecurity by protecting thousands of enterprise, government, and service provider networks from cyber threats. Unlike fragmented legacy products, our security platform safely enables business operations and delivers protection based on what matters most in today’s dynamic computing environments: applications, users, and content. Find out more at www.paloaltonetworks.com.

Palo Alto Networks and the Palo Alto Networks Logo are trademarks of Palo Alto Networks, Inc. in the United States and in jurisdictions throughout the world. All other trademarks, trade names or service marks used or mentioned herein belong to their respective owners.

Source: Palo Alto Networks

Related stocks: NYSE:PANW

Written by asiafreshnews

July 23, 2014 at 10:33 am

Frost & Sullivan: Heavy Maintenance Segment Dominates the Military Support in Service Market

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— Low procurement of new combat platforms drives revenues from continuous maintenance and retrofit services

LONDON  /PRNewswire/ — The heavy maintenance segment has the highest potential for revenue generation among military support in services, as the defence sector is evolving into a support in service (SIS) oriented market. Expensive cost of new combat platforms purchase, along with budget pressures, is compelling the defence sector to extend the lifecycles of military platforms far beyond the original average of 30 years. This translates to substantial revenues for military SIS providers.

Additionally, as older platforms require heavier, more intensive, and expensive maintenance, most original equipment manufacturers (OEMs) will experience higher revenues from maintenance and retrofit contracts.

New analysis from Frost & Sullivan, Global Military Support in Service Platforms Market Assessment, finds that the market earned revenues of $50.73 billion in 2013 and estimates this to reach $63.58 billion by 2022, at a compound annual growth rate of 2.5 percent. North America is likely to be the biggest military SIS platforms market globally. However, it is the Asia-Pacific market that is likely to register the highest compound annual growth rate. The study covers 5 main SIS activity segments: line maintenance, heavy maintenance, spare parts, modernisation/upgrades, and training.

The SIS market remains relatively unaffected by the downturn, mainly because the complexity of combat platforms compels the use of permanent support.

Innovations such as additive manufacturing are supporting the SIS market by enabling deployed, frontline units to print required parts on site from available materials such as aluminium, plastic, titanium and steel. This has revolutionised access to necessary parts for potential life-saving military equipment by allowing spares to be produced on the spot instead of having to be shipped.

“Acknowledging the rising sophistication of weaponry and tightening budgets, defence contractors are expected to provide SIS packages as a part of the main contract for the supply of modern combat platforms,” said Frost & Sullivan Aerospace & Defence Industry Analyst Dominik Kimla, PhD. “They will also be seeking to enter into partnerships with local military SIS providers by setting up joint-ventures and strategic partnerships due to the growing role of local companies.”

This collaborative approach is in line with the industrialisation policy of governments, aimed at enhancing national capabilities through technology transfers and local partnerships.

“Defence suppliers must demonstrate the ways in which outsourcing of SIS can lead to reduced operational costs in the next five to seven years,” noted Kimla. “This is critical, as Ministries of Defence are looking for methods to reduce costs and simultaneously improve the readiness of their forces.”

Overall, the market will continue to grow despite the cutbacks in the defence sector, as governments all over the world are attempting to streamline their spending and outsource SIS activities to private companies.

If you are interested in more information on this study, please send an email to Edyta Grabowska, Corporate Communications, at edyta.grabowska@frost.com.

Global Military Support in Service Platforms Market Assessment is part of the Defence(http://www.defense.frost.com) Growth Partnership Service program. Frost & Sullivan’s related studies include: Global Military Systems Support-in-Service Market Assessment, Global Helicopter & Systems Market: Capturing Growth Opportunities across the Rotorcraft Industry, Emerging Applications for Unmanned Aerial Systems (UAS) Across Global Government and Commercial Sectors, among others. All studies included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants.

Our “Growth Partnership” supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

  • The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
  • The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

Contact Us: Start the discussion

Join Us: Join our community

Subscribe: Newsletter on “the next big thing”

Register: Gain access to visionary innovation

Global Military Support in Service Platforms Market Assessment
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Contact:
Edyta Grabowska
Corporate Communications – Europe
P: +48 22 481 62 03
E: edyta.grabowska@frost.com

http://www.frost.com

 

Source: Frost & Sullivan

Written by asiafreshnews

July 23, 2014 at 10:30 am

Posted in Uncategorized

Frost & Sullivan: Connectivity and convergence at GIL 2014 New Zealand – market potential of USD$731 billion in connected living by 2020

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AUCKLAND, New Zealand /PRNewswire/ — Massive technology-led disruption across all industries globally, driven by the rapid proliferation of connected devices and services is moving everyone and everything towards a state of ‘connected everything’. Connected devices will continue to proliferate in every aspect of life with an average digital native of at least 10 personal connected devices at home and access to over 80 billion devices. It is expected that by the time we are into the 2020’s, tens of millions of people will be connected by trillions of things and applications as a result of connected industries.

Mark Dougan, Managing Director, Australia & New Zealand, Frost & Sullivan
Mark Dougan, Managing Director, Australia & New Zealand, Frost & Sullivan

‘Connected Living’ is defined as a world in which consumers use many different devices to experience compelling new services that integrate video, voice, and data services to provide access and ubiquitous connectivity anytime and anywhere. In the future, smart and connected everyday objects and appliances will be able to monitor the environment, report statuses, receive instructions, and take action based on the information received from PCs, smartphones, and tablets.

This evolution has progressed since the 1970’s, that had specialised activities driven by proprietary equipment and mainframes, then increased productivity in the 1990’s propelled by the advent of PC’s and the internet, followed by bursts of disruption and innovation in 2010 onwards through cloud and mobility.

Mark Dougan, Managing Director, Australia & New Zealand, Frost & Sullivan says, “Mobility and cloud computing have brought about significant changes in the ICT industry. Cloud computing, big data, mobility and low cost sensors are driving the internet of things and connected industries. The internet of things is forcing transformation and innovation across connectivity and convergence of people and industries, giving rise to the connected home, connected workplace and connected city. The consumerisation of the information and communication technologies (ICT) environment is forcing companies to converge and offer ICT-blended solutions. This is creating a whole new market of connected living solutions and services.”

To understand the development and growth of the ‘connected living’ market Frost and Sullivan looks at the micro market level for the new products and services that are being taken up by consumers in the context of where we spend most of our time – at home, at work and out and about in the ‘city’.

Frost & Sullivan forecasts the total connected living market to reach $731.70 billion by 2020 as the importance of the internet and digital solutions grows in the overall economy, Connected city, comprising eGovernance, eCitizens, smart transportation cards, e-learning, mobile banking and digital classrooms, remote education services as well as digital libraries will contribute the largest percentage at 54%, equating to an estimated market potential of $392.94 billion, with smart governance and education services making up 50% of growth in this segment.

Dougan says, “Connected cities will be driven by connected consumer services for mobility, governance, education, and banking and financial services. Data is the essential game changer and eServices such as ePayments, eExchange, eSharing, etc, will empower citizens with real-time access to personal data and related services. Smart governance and education services will transform access to information and learning. More than 60% of citizens of smart cities will have full access to eServices in the next 10 years.”

Connected work comprises 31%, contributing $228.44 billion. Connected work encompasses mobility (Mobile email, enterprise mobile apps, people locator, bring your own device), communication (unified messaging, remote desktop access) and networking (web-based project collaboration tools, cloud-based file sharing services). Connected work solutions (communication platforms, enterprise mobility applications, social media tools) will offer alternate working styles through fully integrated, software-focused architectures. More mobility solutions will eliminate the need for physical space through technologies such as augmented reality and virtual holograms. Instant language translation, virtual reality interaction and shared platforms will truly enable decentralised operations.

“Connected workplace technologies such as cloud computing, telepresence and simultaneous speech translation will flatten the structure of global companies and enable workers to connect with each other and share information in real time any place anytime. Already, IBM’s SmartCloud is a virtual business with key processes taking place in the cloud. The leveling of the global playing field for talent will widen the traditional growths and these new connections will drive significant change. Productivity will rise as organisations become more global and collaborative, adopting a ‘zero’ approach to management, hierarchy, leave and working hours,” states Dougan.

Connected home competes the remaining 15% at $111 billion and incorporates home automation; smart meters and smart thermostats, intelligent lighting, remote monitoring and control as well as home health ie., remote diagnostics and wearable health devices. Connected homes will be controlled through smartphones or wearable technology and monitored through a web of sensors, devices and intelligent infrastructure such as smart lighting, virtual touchscreen windows, energy management systems and remote home health services. Power, heating and light will be automated and supplied based on movement and need. Security systems will be controlled through highly intelligent technologies such as voice, face or fingerprint recognition.

Frost & Sullivan predicts that by 2025, the rise of connected living will see 3.7 billion smartphones, 700 million tablets, 520 million wearable health-related devices and 410 million smart appliances in the connected person world. The connected worker world will see 90 million IP Telephones, 400 million laptops and over 60 million unified communication platforms. “Frost & Sullivan expects that nearly 80% of US enterprises will adopt BYOD, 30% of populations will access office networks remotely, and 90% of organisations will offer mobility to workers,” remarks Dougan.

Meanwhile, the connected citizen will have access to 15 million interactive kiosks enabled by 25 million cloud servers servicing around 1 billion smart government and ID cards. Around 500 million smart transportation cards and 50 million contact-less payment cards will be issued and an estimated 35 billion subscribed location based services (LBS) devices by 2020.

Dougan elaborates, “The value chain of smart solutions to service all the components of connected living is extremely fragmented with no clear ‘one stop shop’ solution provider providing end-to-end solutions. There are many players, ranging from module/component providers to device vendors to network and platform providers to system integrators. Within these groups are big name players such as Sendum, Gemalto, Apple, Samsung, Telefonica, AT & T, Cisco, SAP, Oracle, IBM and Accenture. Early entrants are exploring ways to monetise opportunities in connected living. First movers in the market are taking one of three approaches, a single purpose solution, a partnership alliance or a broad platform based offer. Partnership alliances are being formed between different providers.”

A key factor in the development of the connected living market is the ability to combine hardware and software so that new products and services can be offered. The current and future in the connected living market could be exploited by companies in two ways: by creating new opportunity or by capturing market share from others. A key dynamic is the wide opportunity this market represents to non-conventional companies.

“While the ecosystem of players is complex, there is no denying that collectively, the market potential is huge and presents immense opportunities. Manufacturers will drive value from smart factories, retailers will derive value from digital retailing and advertising, utilities will derive value from smart grids. This is truly a market where being successful means often transformative improvement and legacy means almost nothing; the number of new market entrants is expected to be significant,” finishes Dougan.

Mark Dougan presents these visionary insights showcasing the impact of these new Mega Trends as well as highlighting case studies of companies and a roadmap of global opportunities to 2020 in his GIL Exclusive session on Connected Living at GIL 2014 New Zealand (http://gil-events.gilcommunity.com/events/new-zealand/agenda/) at Villa Maria, Auckland on 28th August, 2014. To enquire or register, please emaildjeremiah@frost.com directly with your full name, designation and company details.

Globally Frost & Sullivan conducts the Growth, Innovation & Leadership Congress (GIL) across more than 15 countries. More information about our global community is found here: http://gil-events.gilcommunity.com

Photo – http://photos.prnasia.com/prnh/20140722/8521404151

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies? Contact us: Start the discussion

Contact:

Donna Jeremiah
Corporate Communications – Asia Pacific
P: +61 (02) 8247 8927
F: +61 (02) 9252 8066
E: djeremiah@frost.com

http://www.frost.com

 

Source: Frost & Sullivan

Written by asiafreshnews

July 23, 2014 at 10:28 am

Posted in Uncategorized

Frost & Sullivan: High Levels of Mobile Penetration Relative to Banking Penetration Supports mCommerce Growth in the APAC

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Market growth is supported by affordable smartphones, increased online retailing, and mobile operator partnerships with banks

SINGAPORE /PRNewswire/ — Numerous developing economies in Asia-Pacific (APAC) have low banking penetration rates, especially in the suburban and rural areas. In contrast, mobile penetration rates are impressively high, even crossing 100 percent in some countries. This has created opportunities for mobile operators to partner with banks, payment providers and merchants to develop new models of transactions. As a result, the mobile commerce (mCommerce) market – mobile banking, mobile remittance, and mobile payment – is expected to growth at a healthy rate over the medium term.

New analysis from Frost & Sullivan, Analysis of the APAC Mobile Commerce Market 2013, finds that the market earned US$76.17 billion in 2013 and expects this to grow to US$153.26 billion in 2017. In this research, Frost & Sullivan’s expert analysts examine the following: mCommerce transaction value, mCommerce transaction breakdown, mCommerce as a percentage of eCommerce, mCommerce users, and the competitive landscape.

mCommerce has taken off in a big way due to the affordability of smartphones in emerging markets. The proliferation of smartphones has created additional forms of mobile payment channels that were not available in the past. For instance, prepaid credits in the account of mobile subscribers are being increasingly used as a medium of exchange in private peer-to-peer (P2P) and commercial transactions, even if the subscriber does not have an existing bank account.

Operators have begun to exploit the range of mobile technologies available to users and this, in turn, has allowed retailers to offer mobile shopping via mobile applications. These apps make product browsing, price comparison, reviews and payment modes more convenient than ever before.

Another important reason that mCommerce has found firm footing in APAC is the declining costs and form factors of sensors. The sensors in smartphones have the ability to capture real-time contextual information such as the location of subscribers, and eventually aid merchants with such data.

“Mobile operators could offer new services in conjunction with app developers and merchants to make relevant information available to consumers and thereby, capture valuable opportunities at the right time,” said Frost & Sullivan ICT Senior  Industry Analyst Serene Chan.

However, mobile payment currently lacks the interoperability of conventional payment modes such as credit and debit cards. The infrastructure of mobile payment in most retail outlets is inadequate, as there is no single mobile payment application that is common to all points of sale.

Until disparate functions are converged through a single platform for a seamless shopping experience, cash will continue to play a dominant role in micropayment in the mass market.

“Acknowledging the need for convergence, mobile operators and banking institutions are adopting a collaborative mobile payment model to achieve compatibility across platforms and devices for mass market adoption,” noted Chan.

“Incorporating pre-sales marketing and after-purchase activities into the value chain process will also go a long way in changing consumers’ existing payment habits,” she added.

If you are interested in more information on this study, please send an email to Donna Jeremiah, Corporate Communications, at djeremiah@frost.com.

Analysis of the APAC Mobile Commerce Market 2013 is part of the Mobile & Wireless Communications (http://www.wireless.frost.com) Growth Partnership Service program. Frost & Sullivan’s related studies include: Analysis of the Global Smartphone and OS Market, European M2M Outlook, 2013 North American Mobile Enterprise Application, Mobile Workforce Management Markets. All studies included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants.

Our “Growth Partnership” supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

  • The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
  • The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

Contact Us:     Start the discussion

Join Us:           Join our community

Subscribe:       Newsletter on “the next big thing”

Register:         Gain access to visionary innovation

Analysis of the APAC Mobile Commerce Market 2013
P7A4-65

Contact:
Donna Jeremiah
Corporate Communications – Asia Pacific
P: +61 (02) 8247 8927
F: +61 (02) 9252 8066
E: djeremiah@frost.com

Carrie Low
Corporate Communications – Asia Pacific
P: +603 6204 5910
F: +603 6201 7402
E: carrie.low@frost.com

Melissa Tan
Corporate Communications – Asia Pacific
P: +65 6890 0926
F: +65 6890 0999
E: melissa.tan@frost.com

http://www.frost.com

Written by asiafreshnews

July 23, 2014 at 10:23 am

Posted in Uncategorized