Frost & Sullivan https://www.frost.com/ We Accelerate Growth Mon, 30 Dec 2024 08:51:42 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.1 https://www.frost.com/wp-content/uploads/2018/07/favicon.png Frost & Sullivan https://www.frost.com/ 32 32 Exploring Growth Opportunities for Software-Defined Vehicles in North America, Asia, and Europe https://www.frost.com/growth-opportunity-news/exploring-growth-opportunities-for-software-defined-vehicles-in-north-america-asia-and-europe-tgp-cim-mk/ Thu, 02 Jan 2025 15:00:50 +0000 https://www.frost.com/?p=22993906 The post Exploring Growth Opportunities for Software-Defined Vehicles in North America, Asia, and Europe appeared first on Frost & Sullivan.

]]>

The automotive industry is on the brink of a software revolution. Just as smartphones transformed communication, software defined vehicles (SDVs) are reshaping mobility, turning cars into connected, upgradeable, and intelligent platforms.

Although today’s vehicles integrate advanced driver-assistance system (ADAS), in-vehicle software, features on demand, and connected features, the shift to 100% software defined vehicles is still poised to take place – driven by technological advancements and shifting consumer expectations. Once the SDV development is complete, vehicles will have completely transitioned from hardware-based to software-based architecture. In other words, this transformation isn’t just about vehicles – it’s about reimagining the entire automotive ecosystem.

Original equipment manufacturers (OEMs), tech companies, and suppliers are converging to develop digital-first, safety-focused, and customizable driving experiences. Those who capitalize on this shift will unlock new revenue streams and secure market leadership.

Why this Transforming is Taking Place – Strategic Imperatives Driving SDV Growth

Next-Gen Technology

OEMs are leveraging the expertise of semiconductor leaders and software developers to build processors that manage high-performance features. Advanced chipsets, sensors, and cloud-based platforms are enabling real-time updates and enhanced in-vehicle software.

Cross-Industry Collaboration

To bridge part shortages and technological gaps, automakers are forming alliances with suppliers and tech giants. This ecosystem-driven approach ensures seamless innovation and minimizes disruption in the SDV development pipeline.

Platform Overhaul

OEMs are moving from hardware-specific systems to scalable software platforms, requiring robust cybersecurity and AI expertise. This transition drives efficiency, enabling continuous updates and feature expansion.

New Monetization Models

SDVs unlock opportunities to monetize connectivity, subscriptions, and in-vehicle apps. From on-demand features to personalized driver services, automakers are leveraging software to drive recurring revenue and enhance user experiences.

Are you leveraging innovative business strategies to unlock competitive growth in the SDV ecosystem?

Access our latest Transformational Growth Perspectives for strategic imperatives, growth opportunities, and best practices to thrive in this fast-evolving domain.

Global SDV Growth – Key Regions at the Forefront

NORTH AMERICA

Automakers such as Ford, GM, and Tesla are rapidly transitioning to software-oriented architectures, either through in-house development or partnerships with tech giants. This shift focuses on developing long-term proprietary capabilities while ensuring market leadership.

ASIA-PACIFIC

OEMs like BYD, Honda, Hyundai, NIO, and Toyota are embedding SDV features into their EV and connected vehicle offerings, prioritizing affordability and innovation. Heavy investment in cloud computing platforms is fostering a robust ecosystem involving semiconductor and hardware suppliers.

EUROPE

Legacy automakers such as Stellantis, BMW, Mercedes-Benz, Renault-Nissan-Mitsubishi, and Volkswagen are fully embracing the feature-on-demand (FoD) model, offering software-based upgrades and remote services. This approach enhances customer retention and unlocks diverse revenue streams.

Are you deploying a regional SDV strategy like today’s ecosystem leaders to achieve competitive success in the automotive industry?

Position Your Business for SDV Success

Is your company ready to seize the next wave of automotive growth? If yes, access Frost & Sullivan’s latest analysis to explore SDV growth strategies, emerging technologies, and collaborative models shaping the automotive ecosystem in North America, Asia, and Europe.

[Download Our Exclusive SDV Growth Report]

Stay ahead of the curve – capitalize on transformative SDV opportunities today!

The post Exploring Growth Opportunities for Software-Defined Vehicles in North America, Asia, and Europe appeared first on Frost & Sullivan.

]]>
Transforming the Food Supply Chain: Sustainable Packaging and Cold Chain Innovations https://www.frost.com/growth-opportunity-news/chemicals-materials-nutrition/nutrition-wellness/transforming-the-food-supply-chain-sustainable-packaging-and-cold-chain-innovations-tgp-cim-mk/ Thu, 02 Jan 2025 15:00:05 +0000 https://www.frost.com/?p=22993923 The post Transforming the Food Supply Chain: Sustainable Packaging and Cold Chain Innovations appeared first on Frost & Sullivan.

]]>

The food and beverage industry is experiencing a transformation impacting the complete value chain. While much attention has been given to the farm and the fork, the stages in between — food processing, packaging, and supply chain movement — hold the key to maintaining quality, reducing waste, and unlocking profitability.

This emphasis on the journey from farm to fork is now seeing ecosystem players prioritize innovation across the food supply chain, from sustainable food packaging and advanced food processing equipment to cold chain logistics. Each area offers lucrative growth opportunities to reshape the industry and deliver long-term value.

What are the Reasons for this Rapid Transformation?

  • A rise in eco-conscious consumers is emphasizing the need for sustainable food packaging, forcing companies to adopt biodegradable, recyclable, and reusable materials.
  • Innovation in cold chain logistics is enabling integration of blockchain for food traceability and real-time monitoring systems to minimize waste — ensuring product integrity and enhancing transparency across the supply chain.
  • From precision slicing to automated quality control, modern food processing equipment is rapidly reshaping food processing workflows and negating human error.

Why Now? – Key Strategic Imperatives Redefining this Ecosystem

Direct-to-Consumer Disruption

The surge in direct-to-consumer models is revolutionizing the cold supply chain, driving the need for efficient, smart cold chain logistics that ensure faster, fresher, and more affordable deliveries. Thus, farmers, local producers, and retailers are bypassing traditional distribution networks and connecting directly with consumers.

Food Processing 4.0

Next-generation food processing equipment is harnessing the power of automation, AI, and data analytics to boost efficiency, minimize downtime, and enhance sustainability. Smart equipment can now manage diverse production needs, reduce resource consumption, and drive profitability.

Cold Chain Management in a Volatile Market

Global supply chains are under pressure due to geopolitical uncertainties, resource shortages, and shifting consumer demands. These factors heighten the need for resilient cold chain management to ensure food quality and safety. Smart cold chains, supported by IoT and predictive analytics, provide the agility to navigate disruptions.

Click here to learn more

 A Glimpse of the Growth Opportunities We Highlight in our Analyses

Blockchain for Food Traceability

Lack of transparency in food supply chains creates bottlenecks and inefficiencies. Blockchain technology provides immutable records, enhancing traceability, accountability, and regulatory compliance. By adopting blockchain solutions, companies can improve consumer trust and operational efficiency.

Click here to learn how you can leverage this growth opportunity for your success.

Multi-Operational Processing Equipment

Versatile food processing equipment capable of handling diverse tasks without significant downtime will drive the next wave of efficiency. For example, Baker Perkins’ CerealMaster can process a variety of cereals with minimal reconfiguration, demonstrating how flexible equipment boosts productivity and profits.

Click here to learn how you can leverage this growth opportunity for your success.

 

How to Unlock Rapid Growth in this Industry?

Discover more about these dynamic industries by accessing Frost & Sullivan’s latest growth analyses. In these comprehensive studies, our growth experts gather the latest insights from across the ecosystem to unveil:

  • Crucial strategic imperatives for cold chain management.
  • Transformative megatrends impacting food packaging and processing considerations.
  • Best practices from industry experts to ensure sustainable growth.         

Click here to access more holistic growth opportunities in the cold chain management and food packaging / processing domains.

The post Transforming the Food Supply Chain: Sustainable Packaging and Cold Chain Innovations appeared first on Frost & Sullivan.

]]>
Building an Integrated, End-to-End R&D and Manufacturing Service Platform with Innovative R&D and High-end Preparation Technologies https://www.frost.com/news/press-releases/building-an-integrated-end-to-end-rd-and-manufacturing-service-platform-with-innovative-rd-and-high-end-preparation-technologies/ Thu, 26 Dec 2024 04:55:36 +0000 https://www.frost.com/?p=22993903 Aligning with Industry Trends: Healthnice Advances Step by Step Amid the global pharmaceutical industry’s evolution, high-end preparations have become a mainstream trend in drug development. In 2016, China’s Ministry of Industry and Information Technology identified high-end preparations as a key development area, recognized for their superior compliance, safety, and convenience. This category includes novel injectable […]

The post Building an Integrated, End-to-End R&D and Manufacturing Service Platform with Innovative R&D and High-end Preparation Technologies appeared first on Frost & Sullivan.

]]>
  • Aligning with Industry Trends: Healthnice Advances Step by Step
  • Amid the global pharmaceutical industry’s evolution, high-end preparations have become a mainstream trend in drug development. In 2016, China’s Ministry of Industry and Information Technology identified high-end preparations as a key development area, recognized for their superior compliance, safety, and convenience. This category includes novel injectable delivery systems like liposomes and nanoformulations, as well as immediate-release oral dosage forms and transdermal drug delivery systems.

    High-end preparations are the preferred choice for upgrading and innovating pharmaceutical products, providing patients with improved therapeutic options. At the same time, as centralized procurement of drugs becomes normalized and national healthcare cost-control measures tighten, generic drugs are entering an era of slim profit margins. Low-value drugs with significant product homogeneity face a higher risk of market elimination. Therefore, for pharmaceutical companies, high-end preparations represent a high-value, cost-effective strategy for differentiation. By strategically investing in key products within the high-end preparation sector, companies can enhance product value and extend lifecycle, thereby building core competitiveness. The substantial commercial potential and market impact of high-end preparations have attracted more companies to invest in this field. To address the escalating market competition, strategies such as outsourcing R&D and manufacturing services or directly acquiring technological achievements are becoming essential for improving R&D quality and accelerating development timelines.

    Healthnice has recognized these industry trends, building momentum and gradually evolving into a comprehensive CXO pharmaceutical company with independent project development at its core. The company specializes in high-end preparations and modified new drugs, focusing on high-value and high-potential products while actively exploring new opportunities. Through sustained technological expertise and R&D investments, Healthnice has established a fully integrated, end-to-end R&D and manufacturing system. This closed-loop industry chain spans innovative drug and high-end preparation development, custom manufacturing, and commercial production. Empowering the pharmaceutical industry with high-quality services, Healthnice has provided approximately 700 multi-mode, end-to-end R&D and manufacturing solutions to approximately 300 clients worldwide.

    Healthnice’s development journey showcases its innovative capabilities and stands as a microcosm of the pharmaceutical industry’s transformation. Starting with early exploration in generic drug pharmaceutical research in 2001, the company pivoted toward a specialization transformation in 2007, following the introduction of the Measures for the Administration of Drug Registration (No.28). Keeping pace with industry trends, Healthnice transitioned from a single quality research service model to a strategic, diversified business model, systematically developing parallel services alongside quality research. Through strategic product selection and forward-looking project planning, Healthnice has successfully established a comprehensive pharmaceutical research system, built a professional R&D team, and accumulated a rich portfolio of projects.

    Over the past decade, Healthnice has developed a fully integrated service chain. In 2009, the company initiated its independent R&D projects. Guided by a scientific and forward-looking product selection system, Healthnice has focused on unmet clinical needs, identifying high-value products and launching independent R&D projects. In 2016, the company formally established its CDMO business segment. With the integration of critical functions such as production, clinical research, and bioanalysis services, Healthnice gradually shaped its comprehensive service chain, reaching a mature development stage in 2019.

    Healthnice has strategically focused on high-end preparations and modified new drugs, intensifying its market expansion efforts since 2020. The successful approval of several proprietary products and the transfer of marketing authorizations for self-developed products have significantly enhanced the company’s efficiency in translating research into practice and boosted its revenue growth. Looking ahead, as market dynamics shift toward greater consolidation and regulatory requirements for R&D capabilities and compliance become more stringent, Healthnice is aligning its growth with these industry trends. The company is actively initiating and undertaking more projects in modified new drugs with high technical content and added value. These efforts aim to upgrade its business model, further strengthen its competitive advantages, and solidify its position in the pharmaceutical industry.

    1. Integrated, End-to-End Full Industry Chain Services Provide High-Quality, Efficient R&D and Manufacturing Services to Clients

    Dual-Track Model: A Unique Model to Unlock New Expansion Opportunities
    Healthnice has implemented a dual-track business model that integrates parallel pathways: entrusted R&D services and the transfer of self-developed projects, further enhanced by an equity-sharing mechanism to fully maximize and elevate project value. Under this model, the company achieves a win-win relationship with its clients. For clients, Healthnice’s proprietary project transfer services ensure a high-quality R&D process, effectively enhancing research efficiency and accelerating new drug launches. Moreover, clients can entrust their selected projects to Healthnice, benefiting from its full-chain, one-stop high quality services from R&D to production and its extensive development expertise to achieve “ready-to-market” convenience. For Healthnice, the dual-track approach lays the foundation for a diversified business model. On one hand, entrusted R&D services provide project certainty, establishing a stable revenue stream and client base. On the other hand, converting R&D achievements enhances the company’s pricing power, profitability, and innovation capabilities.

    Currently, Healthnice’s business operations are on a positive growth trajectory, supported by a dynamic and tiered R&D pipeline of “developing, commercializing, and reserving” projects. Leveraging years of pharmaceutical R&D experience and sharp market insights, the company has secured approvals for 50 projects over the past two years. As of the first half of 2024, Healthnice has 336 projects in its pipeline, including 95 proprietary projects retained as company assets and 241 projects in transfer-stage development. Since 2022, the company has initiated more than 100 new projects annually, maintaining a well-structured progression across its pipeline. This sustained growth ensures a consistent flow of high-quality products entering the market, continuously enriching the company’s product portfolio and providing robust support for future business expansion.

    Service Chain Innovation: Building a Fully Integrated, End-to-End Industry Chain
    Building on extensive experience in the pharmaceutical industry, Healthnice has developed a seamless and integrated business model focused on pharmaceutical research and development over more than a decade of growth. The year 2013 marked a significant milestone: the company began constructing its pharmaceutical production facility and established a clinical research team, marking its full-scale entry into the pharmaceutical services sector. In 2015, Healthnice successfully obtained GMP certification, laying a solid foundation for preparation production and quality management. In 2016, the company gradually expanded into CDMO services, providing comprehensive support from research to production. By 2018, Healthnice established its subsidiary, Nanjing Inorlab, dedicated to bioanalysis services, followed by the establishment of Nanjing Focushealth in 2019, which specializes in independently managing clinical research.

    In recent years, the increasing demand for pharmaceutical R&D outsourcing has created unprecedented opportunities for the CRO industry. In this content, many CRO companies have pursued acquisitions, partnerships, and other strategies to enhance their service capabilities. While the industry races toward integrated and seamless models, Healthnice has prioritized business innovation from its early stages. Through the close collaboration of Institutes of Biomedical Research and three subsidiaries, the company has actively explored new development models and directions, achieving a fully integrated pharmaceutical R&D and production service chain.

    Today, Healthnice operates under an “Integrated tripartite model” comprising pharmaceutical research, clinical studies, and manufacturing. This model breaks down the traditional barriers supplier-segmented drug development stages, significantly reducing communication costs and preventing information bottlenecks. By enabling seamless integration across all stages and parallel processing of multiple steps, Healthnice’s end-to-end, integrated service model offers clients more efficient, convenient, and comprehensive pharmaceutical R&D and production solutions.

    Driving Innovation: Strengthening R&D in high-end preparations and Expanding Competitive Product Portfolios
    Healthnice has established a multidimensional, comprehensive technology platform matrix encompassing “APIs + preparations” and “R&D + clinical + manufacturing.” The company now operates five key technology platforms: preparation R&D, API R&D, high-end preparation technology transfer and validation, clinical research, and bioanalytical testing. These platforms are supported by 11 core technologies, including polymer coating-based taste-masking microsphere delivery systems and solid dispersion solubilization techniques. Additionally, the company has established 14 drug delivery platforms, covering various dosage forms such as cataplasms and blow-fill-seal (BFS) eye drops.

    As drug development enters the era of preparation innovation, high-end preparations have become the strategic focus for pharmaceutical companies. However, R&D for high-end preparations involves high technical barriers, complex manufacturing processes, and stringent quality control requirements. Broadly, the main challenges in this process can be summarized into three key aspects: First, maintaining strict quality control of excipients remains a significant challenge. Second, high-end preparations demand highly stringent control over process parameters. Finally, the complexity of bioequivalence evaluation for high-end preparations has substantially increased. An industrialization platform that integrates solutions to these challenges is critical for achieving independent innovation. Supported by its 5 key platforms and 11 core technologies, Healthnice has established an innovative preparation industrialization research platform capable of addressing complex technical issues during product development. This platform provides comprehensive support to both generic and innovative pharmaceutical companies entering the high-end preparation sector. For instance, within its clinical trial platform, the bioequivalence technology platform for special dosage forms has successfully overcome challenges in trial design and process management. By accumulating extensive experience in trial design and project management, the company has significantly improved the success rate and efficiency of clinical trials.

    Healthnice fully leverages the strengths of its innovative preparation research platform to focus on developing high-value self-developed drugs. Within the high-end preparation technology sector, the company strategically targets unmet clinical needs as the foundation for developing novel preparation technologies. It has made strategic deployments in areas such as sustained and controlled release, transdermal drug delivery, inhalation therapies, ophthalmic applications, and peptide-based. Currently, the company is undertaking the development of a series of products, including Diclofenac Epolamine Patch, Lidocaine Cataplasms, and Ketoprofen Cataplasms.

    Among Healthnice’s successfully commercialized R&D outcomes are several self-developed products that are the first or only of their kind in China. For instance, the Tenofovir disoproxil fumarate, utilizing polymer membrane coating technology via coacervation method, became the first generic drug of its kind in granule form to gain regulatory approval in China. This formulation effectively masks the taste without compromising drug release, improving patient compliance. Another notable product is the Omeprazole and Sodium Bicarbonate, used to treat acid-related diseases such as peptic ulcers. It is the first and only oral proton pump inhibitor (PPI) approved for critically ill patients. Despite the original drugs not being approved in China for years, Healthnice successfully developed omeprazole and sodium bicarbonate dry suspension (I) and (II), which received approval in 2021, making them the first of their kind in the domestic market. In the field of transdermal drug delivery, the company has established a proprietary technology platform and extensive R&D experience, leading to a growing number of contracted R&D projects and successful product commercialization. Moreover, the company places great focuses on meeting clinical needs for ophthalmic drugs. Since 2020, it has expanded it development into eye drops category, including  Cyclosporin eye drops (III), Tafluprosttrade eye drops, Sodium hyaluronate eye drops, and Brimonidine tartrate eye drops.

    Building on its innovative R&D capabilities and expertise in high-end preparation technology, the company has independently initiated ten modified new drug projects, primarily focusing on the gastrointestinal and anti-inflammatory/pain relief therapies. Six of these projects have successfully completed technology translation. Looking ahead, Healthnice will continue to address clinical needs, further explore the potential of modified drugs, and continuously expand its innovative drug development pipeline to deliver greater benefits to patients.

    Quality as Priority: Building a Production System That Balances Compliance and Scalability, Enhancing the Quality of Back-End Manufacturing Services
    Healthnice has transformed its extensive R&D and production experience into a solid foundation for expanding its manufacturing services. By leveraging the collaborative strengths of its subsidiaries: Nanjing Inorlab, Nanjing Focushealth, and Healthnice Pharmaceutical, the company has strategically extended its business into the CDMO sector. This expansion enables Healthnice to offer clients value-added technical R&D services and production capacity support. At the same time, the extension into CDMO has enabled Healthnice to form a complete value chain of drug R&D, custom manufacturing, and commercial production, enhancing its competitiveness and profitability.

    The company’s production system integrates efficient manufacturing with comprehensive risk management. In terms of regulation compliance, Healthnice adheres to regulatory standards from China, the US, and Europe, while actively advancing digital transformation. By adopting advanced online management systems, it ensures real-time monitoring of the entire production process, provides instant tracking of contract manufacturing projects, and dynamically manages potential risks. These measures greatly improves project management efficiency and improve flexibility in mitigating potential risks. Moreover, Healthnice continues to expand and strengthen its quality control team, further broadening and deepening the scope of its quality management system.

    Healthnice is also advancing its production capacity to enhance service resilience. Under careful planning for both approved and pipeline products, the company initiated Phase II base construction expansion to mitigate the risks associated with product co-production. This project takes approximately 12,000 square meters and includes facilities and workshops for oral solutions and oral solid dosage forms. The expansion will enable a significant capacity increase, with granules/suspensions (calculated at 6g/bag) soaring from 50 million bags to 500 million bags annually. Similarly, capacity of oral solution (calculated at 100mL/bottle) will increase from 6 million bottles to 30 million bottles annually. Additionally, the company has prioritized operational efficiency and cost control, reserving 50% of its designed capacity to flexibly accommodate future approved products and anticipated market demand growth.

    1. Deepening Roots Domestically While Expanding Globally

    Healthnice strengthens its industry competitiveness through a balanced focus on both domestic and global growth. Domestically, the company continues to strengthen its core business and expand service offerings. Globally, it is committed to providing comprehensive, one-stop services for the entire lifecycle of high-end preparations and innovative drugs, covering both R&D and manufacturing.

    “Focusing on Refinement”: Aiming to Lead in High-End Transdermal Preparations
    Healthnice aims to deepen its presence in high-end preparation fields such as sustained and controlled release, transdermal, inhalable, ophthalmic, and peptide-based formulations. In the field of transdermal patch, its portfolio includes cataplasms, hot-melt adhesives tapes, and solventborne adhesive patches. Since 2019, the company has proactively invested in building production facilities for cataplasms, successfully developing several products while gaining extensive manufacturing expertise and technical knowledge.

    Healthnice plans to solidify its leadership in the transdermal patch field in the coming future, by increasing R&D investment in hot-melt adhesive tapes and solventborne adhesive technologies. Simultaneously, it will plan and implement new production lines to ensure efficient, high-quality responses to market demands.

    “Layering Foundations and Achieving New Growth”: Advancing the Industrialization of APIs and Preparations
    To address challenges in cost control, stable supply of APIs, and controlled sourcing of key excipients, Healthnice is actively strengthening its R&D efforts for APIs and its excipients. By adopting a flexible collaboration model, the company invests in early-stage R&D and partners with high-quality API manufacturers for subsequent production and registration, ensuring a stable supply of APIs and maintaining cost advantages. Additionally, Healthnice is working to establish its own API production base to enhance its industrial capabilities.

    The company is also exploring the field of highly potent drugs, building specialized production facilities to provide integrated R&D and manufacturing services. Looking ahead, Healthnice plans to undertake commissioned R&D and production of highly potent drugs, creating new business growth opportunities.

    Global Expansion: Strategic International Market Development
    The internationalization of preparations is crucial for upgrading China’s API industry and optimizing its export structure. Developing high-end preparations represents a critical step for China’s pharmaceutical sector in global expansion. Healthnice adopts a phased expansion strategy, advancing from APIs to preparations. The company initially targets markets in Southeast Asia, South America, and Africa with APIs, establishing a strong foundation for future expansion into the U.S. and European markets. Meanwhile, the company actively engages in the international CDMO business for advanced intermediates, further expanding its global market presence. Building on its success in API expansion, Healthnice is dedicated to securing FDA and EMA certifications for its preparation production facilities and product lines. This will enable the company to launch high-technology, differentiated preparations in overseas markets through registration and approval processes. Ultimately, Healthnice aims to establish an integrated strategy covering key intermediates, APIs, and high-end preparations, achieving full coverage of the pharmaceutical value chain.

    In addition, Healthnice actively seeks strategic partnerships with foreign or multinational pharmaceutical companies (MNCs). By offering comprehensive CXO services, including preclinical research, clinical trials, registration, and contract manufacturing, the company supports the entry of overseas drugs into the Chinese market. These collaborations not only facilitate market access for foreign clients but also provide strong support for their growth in China, acting as the connection bridge to the Chinese pharmaceutical market.

    The post Building an Integrated, End-to-End R&D and Manufacturing Service Platform with Innovative R&D and High-end Preparation Technologies appeared first on Frost & Sullivan.

    ]]>
    Top Emerging Technologies: Revolutionizing Healthcare, Energy, and Manufacturing by 2030 https://www.frost.com/growth-opportunity-news/top-emerging-technologies-revolutionizing-healthcare-energy-and-manufacturing-by-2030-kts-cim-sn/ Tue, 24 Dec 2024 09:33:06 +0000 https://www.frost.com/?p=22993900 In a fast-evolving technological landscape, ignoring innovation could mean missing out on opportunities that will define the next decade. From healthcare advancements to energy storage breakthroughs and fully autonomous manufacturing, technologies at lower Technology Readiness Levels (TRLs) today have the potential to disrupt industries by 2030. Frost & Sullivan’s recent TechVision webinar, “Future 18 Technologies™: […]

    The post Top Emerging Technologies: Revolutionizing Healthcare, Energy, and Manufacturing by 2030 appeared first on Frost & Sullivan.

    ]]>
    In a fast-evolving technological landscape, ignoring innovation could mean missing out on opportunities that will define the next decade. From healthcare advancements to energy storage breakthroughs and fully autonomous manufacturing, technologies at lower Technology Readiness Levels (TRLs) today have the potential to disrupt industries by 2030.

    Frost & Sullivan’s recent TechVision webinar, Future 18 Technologies™: Why Ignorance Isn’t Bliss Emerging Technologies Unlocking Commercial Opportunities for the Next Decade,” provided a deep dive into the transformative technologies poised to reshape industries. Featuring industry experts and thought leaders, the session highlighted critical innovations, challenges, and actionable strategies for stakeholders to stay ahead in an ever-changing ecosystem.

    The following Frost & Sullivan experts came together to share their perspectives:

    • Ankit Shukla, Vice President, TechVision
    • Ashish Kaul, Industry Analyst, TechVision
    • Pankaj Gaur, Industry Analyst, TechVision
    • Abhishek Paul Choudhury, Industry Analyst, TechVision
    • Neeraj Jadhav, Senior Industry Analyst, TechVision

    Gain valuable perspectives from these industry experts by clicking here to access the recorded session of the Webinar.

    Patient-on-Chip Technology: Transforming Drug Development and Precision Medicine

    Patient-on-Chip technology is redefining drug development by enabling the creation of miniaturized organ systems that replicate human physiology. This reduces reliance on animal models and addresses the inefficiencies of conventional R&D processes. By allowing thousands of experiments to run simultaneously, Patient-on-Chip significantly shortens the 10–15-year drug development timeline while cutting costs. Integration of AI/ML (machine learning) enhances predictive accuracy, enabling the identification of drug safety and efficacy before clinical trials. Furthermore, the use of iPSC (induced pluripotent stem cells) allows for patient-specific disease modeling, supporting the development of precision therapies tailored to individual physiology. Pharmaceutical companies adopting this technology can reduce drug failures, streamline R&D processes, and accelerate personalized healthcare solutions.

    How is your organization leveraging patient-on-chip technology to shorten timelines and enable personalized healthcare breakthroughs?

    “The key benefit of patient-on-chip technology is that it allows you to run thousands of experiments to demonstrate how a drug affects multiple organs at once, significantly reducing the time and cost involved in the traditional drug development process.”Ashish Kaul, Industry Analyst, TechVision at Frost & Sullivan 

    Quantum Batteries: Revolutionizing Energy Storage Solutions

    Quantum batteries, leveraging principles of quantum entanglement and super absorption, are set to revolutionize energy storage systems by exponentially increasing charging efficiency as battery size scales. Unlike traditional batteries, quantum batteries charge faster, offering a solution for rapid energy replenishment. Currently at TRL 2 (Technology Readiness Level 2), early applications will focus on low-power devices such as medical sensors, wearables, and electronics. Breakthroughs in graphene-based materials and advanced nanofabrication techniques will play a crucial role in addressing challenges related to stability and scalability. Quantum batteries hold the potential to power future electronics and healthcare systems sustainably while significantly improving energy efficiency.

    Is your organization prepared to adopt quantum batteries to support next-generation energy storage requirements?

    Super Catalysts: Driving Efficiency and Sustainability Across Industries

    Super catalysts are pushing the boundaries of chemical processes by leveraging advanced materials like nanostructures, SACs (single-atom catalysts), and MOFs (metal-organic frameworks). These catalysts are driving faster, more energy-efficient reactions while minimizing side effects and operational costs. Their ability to enable carbon dioxide (CO₂) reduction into valuable compounds positions them as a cornerstone for sustainable industrial solutions. Industries like energy generation, pharmaceuticals, and environmental remediation stand to benefit significantly. However, adoption barriers such as reliance on rare materials, complex manufacturing processes, and scalability challenges require strategic collaboration between industry and academia. By fostering partnerships and investing in innovation, organizations can unlock the full potential of super catalysts to drive cost-effective operations.

    What strategies is your organization implementing to scale super catalysts for industrial sustainability?

    Integrated Diagnostics: Enabling Precision, Accuracy, and Public Health Monitoring

    Integrated diagnostics is revolutionizing healthcare by unifying molecular tests, medical imaging, pathology, and clinical data to deliver precise, actionable insights. This technology reduces misdiagnosis risks by cross-validating diagnostic results and tracking disease progression in real time. Leveraging AI/ML (machine learning), integrated diagnostics facilitates precision medicine, enabling personalized therapies based on individual clinical and genomic profiles. Additionally, it supports public health monitoring by identifying disease trends to enable early interventions and preventive measures. Addressing challenges around data privacy and interoperability, solutions such as blockchain technology ensure secure and seamless integration of patient data. As a result, integrated diagnostics is enabling healthcare organizations to improve patient outcomes while transforming clinical trials and population health management.

    How is your organization leveraging integrated diagnostics to enhance precision care and enable preventive healthcare initiatives?

    Dark Factories: Redefining Smart Manufacturing with Full Automation

    Dark factories represent the next phase of industrial manufacturing, achieving 95% to 100% automation through AI, IoT (Internet of Things), and 5G/6G connectivity. These autonomous facilities minimize human intervention, enabling consistent output, enhanced productivity, and significant cost reductions. By integrating robotics, industrial sensors, and additive/subtractive manufacturing, dark factories unlock opportunities for smarter, more sustainable production. Connectivity innovations like IoE (Internet of Everything) ensure seamless communication across systems, optimizing operational workflows. However, challenges such as high CapEx (capital expenditure), cybersecurity risks, and readiness for adoption require strategic collaboration between OEMs and technology providers. Dark factories hold immense potential for industries like automotive, consumer electronics, and industrial production, setting a new standard for scalable, efficient manufacturing.

    Is your organization prepared to adopt dark factory solutions to achieve next-level operational efficiency and scalability?

    “Dark factories are where the technology is probably ahead of the curve in terms of development; it’s just the deployment and the willingness to adopt 95% to 100% automation that is the key challenge here.” – Ankit Shukla, Vice President, TechVision at Frost & Sullivan

    The Future 18 Technologies™—from patient-on-chip to dark factories and more—are set to reshape industries by 2030. Organizations that proactively invest, collaborate, and adapt these innovations will lead the way in driving growth. How will your organization harness these technologies to unlock new opportunities for the next decade?

     

    The post Top Emerging Technologies: Revolutionizing Healthcare, Energy, and Manufacturing by 2030 appeared first on Frost & Sullivan.

    ]]>
    Schneider Electric India Recognized by Frost & Sullivan as the Indian Company of the Year 2024 https://www.frost.com/news/press-releases/schneider-electric-india-recognized-by-frost-sullivan-as-the-indian-company-of-the-year-2024/ Mon, 23 Dec 2024 09:52:27 +0000 https://www.frost.com/?p=22993891 Recognition for boosting customer value with its technologically powered solutions and market-leading position. Schneider Electric India has become a celebrated name in India’s smart metering market, leveraging six decades of operational excellence, industry expertise, and business success.

    The post Schneider Electric India Recognized by Frost & Sullivan as the Indian Company of the Year 2024 appeared first on Frost & Sullivan.

    ]]>
    SAN ANTONIO, TX. – 23rd December, 2024 – Frost & Sullivan recently assessed the metering industry, and based on its analysis, it has recognized Schneider Electric India Pvt Ltd (SEIPL) for the 2024 Indian Company of the Year Award. Schneider Electric India Pvt Ltd (SEIPL) is the Indian arm of Schneider Electric, a global leader in digital transformation of energy management and automation. A recognized name in India’s metering industry, Schneider Electric India draws on over 60 years of expertise and thought leadership in industrial sustainability, universal and software-centric automation, data privacy and security. Serving various sectors, including buildings, infrastructure, industries, data centers, and homes, the company demonstrates its solutions’ scalability, scope, and applicability . It has a robust Indian footprint with 31 factories (including five smart factories) and more than 39,000 employees serving customers in over 500 cities.

    Over the years, Schneider Electric India has solidified its leadership position in India’s smart metering market, and the company has a dominant market share in the advanced metering infrastructure (AMI) segment. This superlative performance underscores its ability to deliver innovative and reliable solutions consistently. Schneider Electric’s advanced smart metering devices, equipped with cutting-edge technologies, empower both utilities and consumers. By enabling real-time data transmission and eliminating manual meter readings, these solutions optimize grid management, enhance billing accuracy, and drive operational efficiency—all while empowering consumers to monitor and control their energy consumption, contributing to sustainability and cost savings.

    Iqra Azam, best practices research analyst at Frost & Sullivan, observed, “Schneider Electric’s rich history of accomplishments and best practices implementation demonstrates its focus on continuous growth, harmonizing with economic and social sustainability-focused initiatives and fortifying its market leadership.”

    Speaking on this recognition, Mr. Deepak Sharma, Zone President, Greater India, and MD & CEO of Schneider Electric India, said, “This recognition underscores our team’s dedication to delivering scalable, cost-effective, and sustainable solutions that set us apart in the smart metering industry. Our strong emphasis on research and development, innovation, and localizing components allows us to meet market demands and provide enhanced value to our customers. Our Mysuru smart metering plant further reinforces our commitment to delivering on this promise.”

    The company is strengthening its leadership position in the metering market by actively working to increasing the localization component of its electricity meters sold in India, providing customers with greater value and supporting local economies. By adopting a transparent business approach, Schneider Electric India is building strong, long-lasting customer relationships , providing a clear understanding of its value proposition from the outset.

    “Schneider Electric India proves its commitment to sustainability with outstanding initiatives that align with the Indian Government’s approach to a green India. It maintains transparent, reliable, and continuous communication with customers, addressing their unmet needs, evolving demands, and regular queries,” added Neha Tatikota, industry analyst for Energy & Environment at Frost & Sullivan.

    Each year, Frost & Sullivan presents a Company of the Year Award to the organization that demonstrates excellence in growth strategy and implementation in its field. The award recognizes a high degree of innovation in products and technologies and the resulting leadership in customer value and market penetration.

    The Frost & Sullivan Best Practices Awards recognize companies in various regional and global markets for demonstrating outstanding achievement and superior performance in leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analyses, and extensive secondary research to identify best practices in the industry.

    About Schneider Electric
    Schneider Electric’s purpose is to create Impact by empowering all to make the most of our energy and resources, bridging progress and sustainability for all. At Schneider, we call this Life Is On.

    Our mission is to be the trusted partner in Sustainability and Efficiency.

    We are a global industrial technology leader bringing world-leading expertise in electrification, automation, and digitization to smart industries, resilient infrastructure, future-proof data centers, intelligent buildings, and intuitive homes. Anchored by our deep domain expertise, we provide integrated end-to-end lifecycle AI-enabled Industrial IoT solutions with connected products, automation, software, and services, delivering digital twins to enable profitable growth for our customers.

    We are a people company with an ecosystem of 150,000 colleagues and more than a million partners operating in over 100 countries to ensure proximity to our customers and stakeholders. We embrace diversity and inclusion in everything we do, guided by our meaningful purpose of a sustainable future for all.

    www.se.com
    Follow us on:
    Discover the newest perspectives shaping sustainability, electricity 4.0, and next-generation automation on Schneider Electric Insights.

    Contact:
    Binni Rawat
    Phone: +91-9999646207
    Email ID: binni.rawat@se.com

    The post Schneider Electric India Recognized by Frost & Sullivan as the Indian Company of the Year 2024 appeared first on Frost & Sullivan.

    ]]>
    Gears of Progress: Inside the Dynamic Machine Manufacturing Ecosystem https://www.frost.com/growth-opportunity-news/industrial/machines/gears-of-progress-inside-the-dynamic-machine-manufacturing-ecosystem-cim-ps/ Mon, 23 Dec 2024 08:11:25 +0000 https://www.frost.com/?p=22993887 The global machine manufacturing ecosystem is undergoing a seismic shift, fueled by cutting-edge advancements and a relentless drive for innovation. In an era where adaptability and efficiency are paramount, industries are embracing smart manufacturing technologies to build more resilient, agile, and sustainable operations. Powered by AI, robotics, digital twin technology, and additive manufacturing, the machine […]

    The post Gears of Progress: Inside the Dynamic Machine Manufacturing Ecosystem appeared first on Frost & Sullivan.

    ]]>
    The global machine manufacturing ecosystem is undergoing a seismic shift, fueled by cutting-edge advancements and a relentless drive for innovation. In an era where adaptability and efficiency are paramount, industries are embracing smart manufacturing technologies to build more resilient, agile, and sustainable operations.

    Powered by AI, robotics, digital twin technology, and additive manufacturing, the machine industry has evolved into a diverse ecosystem of interconnected players, including machine manufacturers, component suppliers, system integrators, and technology providers. At the heart of this transformation lies software-defined automation, enabling the seamless integration of machines, processes, and data to achieve real-time adaptability. This shift is not just benefiting large machine manufacturers, manufacturing equipment suppliers, but is also empowering small and medium enterprises (SMEs) to re-imagine their business models and tap into global business areas with enhanced capabilities.

    CLICK HERE to read more about the transformation, ecosystem, best practices and growth opportunities in the machinery industry.

    Driving Forces Behind the Machine Manufacturing Renaissance
    Emerging technologies are reshaping the entire machine manufacturing ecosystem, connecting diverse stakeholders in ways never seen before. Let’s delve into the transformative advancements and their ecosystem impact:

    AI and Robotics
    AI-driven robotics is revolutionizing machine manufacturing by fostering collaboration between robotics companies, AI developers, and machine manufacturers. Collaborative robots (cobots), designed by innovative robotics firms, are now working seamlessly alongside humans on factory floors, handling intricate tasks with precision. This synergy between technology providers, machine designers, and manufacturers is enabling enhanced productivity, minimizing downtime, and driving scalable customization.

    Additive Manufacturing
    Additive manufacturing, or 3D printing, is creating a dynamic collaboration between 3D printing technology providers, material scientists, and manufacturing companies. From prototyping to large-scale production, this technology is empowering stakeholders to innovate faster, reduce waste, and optimize designs. Industries like aerospace, automotive, and healthcare are benefiting from this ecosystem, where material suppliers and manufacturers are working together to achieve unparalleled flexibility and speed.

    Digital Twins
    Digital twins are enabling a unified ecosystem where software developers, machine manufacturers, and maintenance providers come together to unlock new possibilities. By offering virtual replicas of physical assets, digital twin platforms are allowing manufacturers to simulate real-world scenarios, optimize operations, and prevent issues before they arise. This convergence of simulation technology providers and operational teams is driving cost savings, enhancing efficiency, and reshaping how the machine manufacturing ecosystem operates.  
    Are you refining your growth strategy based on the latest disruptions in the Machinery industry?

    Who Are the Pioneers Shaping the Machinery Industry?
    The machine manufacturing ecosystem is thriving on a diverse array of players, each contributing distinct capabilities to fuel growth and innovation.

    Tech Titans
    Leading technology companies like Siemens, ASEA Brown Boveri (ABB), and Bosch Rexroth are setting benchmarks in automation and precision engineering. These giants are pioneering smart factories, offering IoT-enabled equipment and software solutions that enhance operational efficiency and reduce costs.

    Disruptive Startups
    Startups such as Markforged, Desktop Metal, and Bright Machines are infusing fresh ideas into the ecosystem. By specializing in 3D printing, robotic automation, and advanced analytics, they are helping manufacturers embrace Industry 4.0 technologies with agility and focus.

    Consulting and Integration Experts
    Global consultancies like Frost & Sullivan are stepping in to bridge the gap between technology and strategic implementation. From deploying predictive maintenance systems to integrating IoT-enabled machinery, these experts are guiding manufacturers to unlock maximum value.
    How is your organization integrating the best practices from ecosystem leaders to ensure growth and innovation?

    Collaborations Expanding the Machine Manufacturing Ecosystem
    Partnerships are becoming the cornerstone of the machine manufacturing ecosystem. By collaborating across industries, businesses are unlocking synergies and accelerating progress.

    For example, General Electric (GE) has teamed up with Autodesk to create advanced additive manufacturing tools, enabling faster production cycles and higher precision. Similarly, Fanuc is partnering with Cisco and Rockwell Automation to develop IoT-enabled manufacturing systems that provide real-time insights into machine performance and maintenance needs.

    These alliances are fostering an interconnected environment where resources, expertise, and innovation flow seamlessly, allowing manufacturers to stay ahead in an increasingly competitive industry.

    In an age where the line between traditional and digital manufacturing is fading, businesses that hesitate risk being left behind. Harnessing the power of automation, AI, and sustainable technologies is no longer optional — it is imperative for survival and growth.

    The question is — How is your organization preparing itself to lead in this new era of machine manufacturing?

    About Frost & Sullivan
    Frost & Sullivan, the growth pipeline company, enables clients to accelerate growth and achieve best-in-class industry positioning in terms of innovation and leadership. The company’s ‘Growth Pipeline-as-a-Service’ provides corporate management teams with transformational strategies and best-practice models that catalyze growth opportunity generation, evaluation, and implementation. Let us coach you on your transformational journey, while we actively support you in fostering collaborative initiatives within the machinery ecosystem. This journey is fueled by four powerful components, ensuring your success in navigating dynamic business and industry 4.0 landscapes.

    • Schedule a Growth Dialog with our team to dive deeper into transformational strategies and explore specific needs within your company.
    • Become a Frost Growth Expert in your area of specialization and share your expertise and passion with the community through our think tanks.
    • Join Frost & Sullivan’s Growth Council and become an integral member of a dynamic community focused on identifying growth opportunities and addressing critical challenges that influence industries.
    • Designate your company as a Companies to Action to maximize your exposure to investors, new merger and acquisition opportunities, and other growth prospects.

    The post Gears of Progress: Inside the Dynamic Machine Manufacturing Ecosystem appeared first on Frost & Sullivan.

    ]]>
    Top 7 Strategic Imperatives Shaping the Future of the Military Missiles Industry https://www.frost.com/growth-opportunity-news/aerospace-defense/top-7-strategic-imperatives-shaping-the-future-of-the-military-missiles-industry-cim-ps/ Mon, 23 Dec 2024 07:40:11 +0000 https://www.frost.com/?p=22993884 The military missile industry is transforming rapidly, driven by a convergence of global instability, technological breakthroughs, and evolving defense priorities. Global military spendings are at an all-time high and as geopolitical tensions escalate, nations are compelled to strengthen their missile capabilities to deter adversaries and maintain strategic dominance. At the same time, rapid advancements in […]

    The post Top 7 Strategic Imperatives Shaping the Future of the Military Missiles Industry appeared first on Frost & Sullivan.

    ]]>
    The military missile industry is transforming rapidly, driven by a convergence of global instability, technological breakthroughs, and evolving defense priorities. Global military spendings are at an all-time high and as geopolitical tensions escalate, nations are compelled to strengthen their missile capabilities to deter adversaries and maintain strategic dominance. At the same time, rapid advancements in hypersonic technology, artificial intelligence (AI), and sustainable practices are reshaping the future of missile systems.

    The stakes are high: the ability to adapt to these shifts will define military superiority. Let’s delve into the top seven imperatives which are crucial for companies to stand tall against competition in the coming years.

    1. Geopolitical Chaos

    Fortifying Missile Defense Systems Amidst Tensions in the Middle East

    Strengthening missile defense systems by increasing investments to counter emerging threats in the Middle East. Developing multi-layered defense strategies with advanced interceptors and tracking systems to ensure comprehensive protection.

    1. Disruptive Technologies

    Developing Cutting-Edge Anti-Tank Missiles

    Revolutionizing anti-tank missiles through the development of agile and precise systems to neutralize heavily armored vehicles. Innovating with compact, deployable designs to ensure adaptability across diverse combat scenarios.

    1. Transformative Megatrends

    Racing Toward Hypersonic Supremacy

    Accelerating advancements in hypersonic missile technologies to achieve unparalleled speed, precision, and resilience. Focusing on maneuverable platforms that evade current interception systems to maintain strategic advantages.

    1. Disruptive Technologies

    Integrating AI and ML into Missile Systems

    Merging AI with missile systems to enable real-time target recognition and autonomous decision-making. Enhancing threat prioritization and operational efficiency through advanced machine learning (ML) algorithms.

    1. Transformative Megatrends

    Advancing Sustainability with Green Propulsion Technologies

    Transforming missile propulsion by adopting eco-friendly technologies to minimize environmental impact. Innovating with biofuels, hybrid systems, and recyclable materials to align defense practices with global sustainability goals.

    READ MORE: Uncover the top growth opportunities in the US Military Industry (2024-29)

    1. Disruptive Technologies

    Reinforcing Missile Strength with Nanotechnology

    Utilizing nanotechnology to enhance the strength and durability of missile shells while maintaining lightweight structures. Ensuring resilience against high-impact forces and thermal stress.

    1. Innovative Business Models

    Optimizing Missile Maintenance with AI Predictive Analytics

    Implementing AI-based predictive analytics to preemptively identify maintenance needs and reduce downtime. Analyzing real-time performance data to optimize scheduling and enhance missile readiness.

    As the global defense initiatives evolve, these strategic imperatives are shaping the military missile industry’s future. From hypersonic breakthroughs to sustainable propulsion systems, the missile industry is at the forefront of technological innovation. These imperatives not only address present challenges but also set the stage for a more secure and adaptive defense ecosystem.

    Are you leveraging these critical imperatives to unlock new growth opportunities in the evolving aviation industry?

    Frost & Sullivan’s growth experts offer personalized coaching to help you overcome challenges and unlock new opportunities for expansion. By tapping into their deep expertise, you get the pathway and tools required to navigate the competitive landscape of the evolving defense industry. You will also discover innovative strategies to accelerate your organization’s growth.

    Begin your transformation journey with us today.

    The post Top 7 Strategic Imperatives Shaping the Future of the Military Missiles Industry appeared first on Frost & Sullivan.

    ]]>
    Understanding the Enterprise Network Services Transformation: Revolutionizing Connectivity for a Digital-First Era https://www.frost.com/growth-opportunity-news/information-communications-technology/enterprise-wireless-services/understanding-the-enterprise-network-services-transformation-revolutionizing-connectivity-for-a-digital-first-era-kts-cim-sn/ Fri, 20 Dec 2024 06:47:13 +0000 https://www.frost.com/?p=22993880 As enterprises navigate a digital-first era, the role of network service providers is being redefined. The shift from traditional connectivity to comprehensive digital infrastructure solutions is empowering businesses to embrace transformative technologies like AI, multi-cloud management, and advanced connectivity platforms. In this dynamic landscape, service providers are becoming strategic partners, enabling enterprises to scale operations, […]

    The post Understanding the Enterprise Network Services Transformation: Revolutionizing Connectivity for a Digital-First Era appeared first on Frost & Sullivan.

    ]]>
    As enterprises navigate a digital-first era, the role of network service providers is being redefined. The shift from traditional connectivity to comprehensive digital infrastructure solutions is empowering businesses to embrace transformative technologies like AI, multi-cloud management, and advanced connectivity platforms.

    In this dynamic landscape, service providers are becoming strategic partners, enabling enterprises to scale operations, optimize efficiency, and drive innovation. By leveraging advanced technologies such as software-defined wide area networks (SD-WANs), AI-driven automation, and cloud-centric solutions, they enhance network performance, reduce costs, and ensure seamless connectivity. Frost & Sullivan’s webinar on “Evolving Network Services in 2024: Key Drivers Revolutionizing the Role of Network Providers in a Digital-First Era,” explored the groundbreaking trends and strategies that are reshaping the future of enterprise networks.

    Growth experts: Stephen Thomas – Senior Industry Director, ICT, Enterprise Network Services at Frost & Sullivan; Leandro Agion – Industry Director, Information and Communication Technology, Enterprise Networks Services at Frost & Sullivan; and Amrit Singh – Industry Principal, ICT Enterprise Network Services at Frost & Sullivan delved into critical topics, including:

    • The Role of Co-Managed Services: Balancing flexibility and control for enterprise networks.
    • AI in Network Management: Leveraging AI for automation, predictive analytics, and operational efficiency.
    • Multi-Cloud Strategies: Enabling seamless integration across public, private, and hybrid cloud environments.
    • Advanced Connectivity Solutions: How SD-WAN and high-bandwidth infrastructure are empowering digital transformation.

    Click here to access the full session recording and discover how enterprises are reshaping their network strategies for a digital-first world.

    Redefining Digital Infrastructure: Moving Beyond Connectivity
    Service providers are transforming traditional connectivity into comprehensive digital infrastructure solutions to meet enterprise demands. Managed services, holistic platforms, and strategic acquisitions like Comcast’s MSP (managed service providers) integration underscore this shift. These advancements are enabling businesses to build robust, future-ready ecosystems.
    How will your organisation leverage digital infrastructure to unlock new growth opportunities?

    AI Integration: Transforming Network Management
    AI is streamlining network operations through self-healing capabilities, automation, and real-time analytics. These solutions enhance efficiency while tackling challenges in infrastructure readiness for enterprises adopting AI-enabled applications like private LLMs (large language models).

    The Rise of Multi-Cloud Management
    Multi-cloud management is becoming critical as enterprises adopt generative AI (GenAI) and data-intensive models. Seamless integration across public, private, and hybrid clouds ensures agility and low-latency access, empowering enterprises to scale dynamically.
    What strategies is your team implementing to orchestrate multi-cloud environments successfully?

    Co-Managed Services: Balancing Flexibility and Control
    Enterprises are increasingly turning to co-managed services, a collaborative approach where network management responsibilities are shared between the enterprise and a service provider. These services typically include network monitoring, security management, SD-WAN configuration, cloud integration, and performance optimization. By outsourcing complex tasks such as troubleshooting, automation, and proactive maintenance to trusted partners, businesses gain flexibility, operational transparency, and the ability to focus on core operations while maintaining control over critical network functions.

    Connectivity: The Nervous System of Enterprise Operations
    Advanced connectivity solutions like SD-WAN provide the backbone for AI, edge computing, and multi-cloud ecosystems. By enabling flexible deployment across on-premises, cloud, and edge environments, these innovations empower businesses to achieve greater agility and scalability.
    How can connectivity drive enterprise transformation in an increasingly digital landscape?

    “Service providers are stepping up to not just connect businesses but enable robust, future-ready ecosystems.”

     

    Amrit Singh, Industry Principal, ICT Enterprise Network Services at Frost & Sullivan

    “Multi-cloud management isn’t just a feature; it’s now a necessity for enterprises looking to scale dynamically in an interconnected world.”

     

    Stephen Thomas – Senior Industry Director, ICT, Enterprise Network Services at Frost & Sullivan

    Evolving enterprise network services are laying the foundation for transformative growth in 2025. By focusing on scalable infrastructure, multi-cloud integration, AI-driven network management, and co-managed service models, businesses can address the complexities of a digital-first era. The path forward lies in embracing these advancements to create agile, secure, and efficient network solutions that empower enterprises to innovate, scale, and deliver lasting value in an increasingly interconnected world.

    The post Understanding the Enterprise Network Services Transformation: Revolutionizing Connectivity for a Digital-First Era appeared first on Frost & Sullivan.

    ]]>
    U Mobile is Applauded by Frost & Sullivan for Its Key Role in Narrowing East Malaysia’s Digital Divide with Affordable 5G Connectivity Solutions and Leading Market Innovations https://www.frost.com/news/press-releases/u-mobile-is-applauded-by-frost-sullivan-for-its-key-role-in-narrowing-east-malaysias-digital-divide-with-affordable-5g-connectivity-solutions-and-leading-market-innovations/ Wed, 18 Dec 2024 14:49:56 +0000 https://www.frost.com/?p=22993823 U Mobile encourages 5G adoption by providing solutions that leverage AI, automation, and MEC, unlocking enterprise potential and value.

    The post U Mobile is Applauded by Frost & Sullivan for Its Key Role in Narrowing East Malaysia’s Digital Divide with Affordable 5G Connectivity Solutions and Leading Market Innovations appeared first on Frost & Sullivan.

    ]]>
    SAN ANTONIO, TX. – 19 December, 2024 – Frost & Sullivan recently assessed the mobile services industry and, based on its findings, recognizes U Mobile with the 2024 Malaysian Company of the Year Award. The company recognizes the local community’s need for fast and reliable connectivity and its role in promoting digitalization for the next generation. As part of its vision to be Malaysia’s favorite mobile and digital services provider, U Mobile is committed to bringing the benefits of 5G technology to consumers, enterprises, and the public sector, and enabling the digital infrastructure needed to drive digital adoption. U Mobile innovates so that its products and services offer unbeatable value at accessible price points. It provides seamless, unlimited connectivity to the masses with various options tailored to different needs and budgets. The company has maintained its prepaid stronghold for many years, ranking high with consumers and evidenced by its consecutive awards for its prepaid plans.  U Mobile’s revised data speeds and Fair Usage Policy for its award-winning prepaid range push boundaries with seamless streaming, gaming, and browsing, raising industry standards in customer experience. In East Malaysia, U Mobile launched U Borneo plans specifically designed to meet the needs of East Malaysian subscribers with up to 2,000 GB 5G data for only RM15 monthly. Across all its product offerings, U Mobile has successfully provided the best value for the price despite market challenges, as seen by its increasing revenue, postpaid subscribers, and broadband subscriber numbers.

    For enterprises, U Mobile constructed a product offering portfolio that looks into the needs of big and small businesses. A highlight and critical differentiator is the monthly complimentary global roaming, which is capped only after 15 GB and incoming calls from 63 destinations. This enables its micro-SME customers to stay connected with their partners without incurring bill shock or incurring high travel claims. Other innovative enterprise service offerings include its U Biz Fibre 10Gbps offering, which provides uninterrupted connectivity with complimentary secure DNS. As Malaysia’s fastest business fiber plan, U Biz Fibre 10Gbps aligns with U Mobile’s ambition to drive digitalization for enterprises by providing a plan designed to handle data-intensive tasks that support technologies like artificial intelligence (AI) and immersive high-definition media. Further leveraging its network and emerging technologies, U Mobile also has a portfolio of enterprise solutions aimed at reaping the benefits of digital transformation for businesses, such as U Biz dedication internet access (DIA) service, U Biz P2P (point-to-point), and U Biz Private Network.

    Mei Lee Quah, director of ICT research at Frost & Sullivan, observed, “By leveraging 5G technology, U Mobile has shown  effort and dedication to shaping a digitally inclusive future with enterprises and supporting Malaysia’s ambition to be a digitally enabled and technology-driven nation is starting to bear fruit, with early results showing promising outcomes.”

    U Mobile’s collaboration with global technology players increases its leadership edge in 5G, helping it accelerate 5G adoption within the enterprise segment and elevate the customer experience. It can more effectively and efficiently explore the potential of 5G innovation and how it can digitally transform various industries, particularly with 5G solutions and use cases for the enterprise segment. An equally critical enabler is the opportunity for U Mobile to upgrade its technology to better support enterprises. Its partnerships foster greater efficiency, speed, and agility for both consumer and enterprise segment applications and help improve the intelligence of U Mobile’s network with autonomous network development and deployment and with AI/machine learning adoption. This leads to more efficient and reliable mobile network operations and better performance.

    “Over the past year, U Mobile rolled out many new plans to address market needs and entered into multiple partnerships to tap into 5G’s potential. The company’s efforts to innovate will likely receive a boost from technology upgrades; with better technological capabilities and a wider scope, the company can make an even bigger impact on the local community and the country’s growth,” added Quah. By constantly pushing boundaries and creating competitive differentiators, U Mobile is quickly becoming a formidable participant in the Malaysian mobile services market. With its strong overall performance, U Mobile earns Frost & Sullivan’s 2024 Malaysia Company of the Year Award in the Mobile Services industry.

    Each year, Frost & Sullivan presents a Company of the Year award to the organization that demonstrates excellence in terms of growth strategy and implementation in its field. The award recognizes a high degree of innovation with products and technologies, and the resulting leadership in terms of customer value and market penetration.

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

    About U Mobile
    U Mobile’s vision is to be Malaysia’s most favourite digital services partner through innovations that constantly make things possible. To realise this, we are committed to providing unbeatable quality connectivity experiences that are best-in-class and 5G speeds that are ultra-fast at no extra cost. We believe our accessible quality connectivity narrows the digital divide by providing Malaysians access to the right skills and tools to unleash their unbeatable potential. For more information on U Mobile, please visit www.u.com.my.

    The post U Mobile is Applauded by Frost & Sullivan for Its Key Role in Narrowing East Malaysia’s Digital Divide with Affordable 5G Connectivity Solutions and Leading Market Innovations appeared first on Frost & Sullivan.

    ]]>
    Rockwell Automation Earns Frost & Sullivan’s 2024 Global Competitive Strategy Leadership Award for Modernizing Smart Water Monitoring https://www.frost.com/news/rockwell-automation-earns-frost-sullivans-2024-global-competitive-strategy-leadership-award-for-modernizing-smart-water-monitoring/ Wed, 18 Dec 2024 14:00:22 +0000 https://www.frost.com/?p=22993609 Rockwell Automation (Rockwell) delivers AI-powered water monitoring technologies, enabling water utilities to optimize system efficiency, reduce leaks, and meet sustainability goals through innovative digital solutions.

    The post Rockwell Automation Earns Frost & Sullivan’s 2024 Global Competitive Strategy Leadership Award for Modernizing Smart Water Monitoring appeared first on Frost & Sullivan.

    ]]>
    San Antonio, TX — December 3, 2024 — Frost & Sullivan recently researched the smart water monitoring industry and, based on its findings, recognizes Rockwell with the 2024 Global Competitive Strategy Leadership Award. Rockwell is a globally recognized provider of innovative industrial automation and digital transformation solutions that modernize water infrastructure by leveraging advanced analytics, artificial intelligence (AI), and machine learning (ML) to help utilities optimize operations, reduce inefficiencies, and meet sustainability goals.

    Rockwell addresses the critical challenges of water utilities by offering a comprehensive suite of tools to enhance operational resilience and productivity. Its intelligent monitoring and control technologies enable real-time data collection and analysis, helping utilities detect leaks, predict system failures, and optimize water distribution. By integrating IoT and digital twin platforms, Rockwell empowers water companies to simulate real-world conditions, detect anomalies, and respond proactively to system issues, driving better water management outcomes. Rockwell’s disruptive solutions, such as Allen‑Bradley Hardware and FactoryTalk® software, are particularly valuable as global water companies face increasing pressures from aging infrastructure, urbanization, and climate change.

    Moreover, the company’s focus on sustainability and digital transformation has become a cornerstone of its strategy, aligning perfectly with the needs of water utilities striving to meet strict environmental regulations. Rockwell’s solutions contribute to long-term environmental goals, such as reducing non-revenue water and enhancing the resilience of water distribution networks.

    “The company identified that many water companies are operating legacy equipment and infrastructure, which can result in inefficiencies, leaks, and potential failures, as well as a lack of visibility into the systems. To drive efficiency and better visibility, Rockwell Automation is modernizing these systems with intelligent monitoring and control technologies,” said Victoria Courtade, industry analyst at Frost & Sullivan.

    Rockwell’s focus on predictive maintenance has become increasingly important as the demand for smarter, more efficient water systems continues to grow. Its tools analyze data from sensors across the water distribution network to detect signs of wear, pressure irregularities, or potential leaks before they escalate into significant problems. As a result, this forward-thinking technology enhances the overall reliability of water systems while helping companies address challenges associated with aging infrastructure and rapid urbanization.

    Furthermore, the company’s solutions seamlessly integrate with existing systems, providing a unified platform where water utilities can visualize and manage their assets in real time. This comprehensive approach helps utilities improve operational efficiency and aligns with broader sustainability goals by reducing water loss and energy consumption.

    “Rockwell Automation’s value proposition closes existing operational gaps. Its integrated and robust portfolio optimizes decision-making through advanced analytics across various stakeholders. There is a growing demand for predictive maintenance solutions in the industry. Hence, the company focuses on delivering AI-powered tools to anticipate equipment failures and optimize maintenance schedules,” noted Valentina Barcia, best practices research analyst at Frost & Sullivan.

    Each year, Frost & Sullivan presents this award to the company that has leveraged competitive intelligence to successfully execute a strategy that results in stronger market share, competitive brand positioning, and customer satisfaction.

    “We are honored to receive the 2024 Global Competitive Strategy Leadership Award from Frost & Sullivan,” said Emmanuel Guilhamon, vice president, sustainability, Rockwell Automation. “This important recognition highlights our commitment to our customers’ environmental and water stewardship and to transforming water infrastructure through cutting-edge industrial automation and digital transformation offerings. Through our unique portfolio of integrated solutions that combine Allen-Bradley hardware, FactoryTalk software, and sustainability consulting services, we offer a tailored approach and help water utilities and clients optimize operations while achieving sustainability goals. As we tackle challenges like aging infrastructure, urbanization, and climate change, we remain dedicated to providing solutions that support long-term environmental goals.”

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

    The post Rockwell Automation Earns Frost & Sullivan’s 2024 Global Competitive Strategy Leadership Award for Modernizing Smart Water Monitoring appeared first on Frost & Sullivan.

    ]]>
    AI-Driven Customer Experience: Innovative Strategies to Elevate CX in 2025 https://www.frost.com/growth-opportunity-news/information-communications-technology/contact-center-solutions/ai-driven-customer-experience-innovative-strategies-to-elevate-cx-in-2025-kts-cim-sn/ Wed, 18 Dec 2024 06:16:20 +0000 https://www.frost.com/?p=22993815 The customer experience (CX) landscape is evolving rapidly, powered by advancements in artificial intelligence (AI), emotional intelligence, and seamless self-service solutions. These innovations are enabling businesses to create personalized, engaging, and efficient interactions that drive growth and satisfaction. As organizations prepare for 2025, integrating AI into CX strategies offers unparalleled opportunities to enhance customer loyalty, […]

    The post AI-Driven Customer Experience: Innovative Strategies to Elevate CX in 2025 appeared first on Frost & Sullivan.

    ]]>
    The customer experience (CX) landscape is evolving rapidly, powered by advancements in artificial intelligence (AI), emotional intelligence, and seamless self-service solutions. These innovations are enabling businesses to create personalized, engaging, and efficient interactions that drive growth and satisfaction. As organizations prepare for 2025, integrating AI into CX strategies offers unparalleled opportunities to enhance customer loyalty, optimize agent workflows, and improve operational efficiency.

    Frost & Sullivan’s recent webinar on “Unlocking Growth with AI-Powered Customer Experience; Leveraging 2024’s CX Innovations to Create a Winning Strategy for 2025” explored transformative viewpoints on leveraging AI to create winning CX strategies for 2025.

    Here, leading CX experts: Alpa Shah — Global Vice President of CX & Growth Expert at Frost & Sullivan;  Brett Weigl — Senior Vice President, Product Management, AI at Genesys; Erin Stewart —  Senior Director of Sales at SuccessKPI; João Cardoso — Chief Innovation and Digital Officer at Teleperformance; Alexander Michael —Global Practice Area Leader, & Growth Coach, Information & Communications Technology at Frost & Sullivan; Bernardin Arnason — Industry Principal, CX, Information & Communications Technology at Frost & Sullivan; Nancy Jamison — Senior Industry Director, Digital Transformation Practice at Frost & Sullivan; Sebastian Menutti —Industry Director, Growth Opportunity Analytics at Frost & Sullivan; and Ankita Singh — Senior Industry Analyst ICT at Frost & Sullivan collaborated to uncover drivers, challenges, disruptive technologies, and emerging opportunities in AI-powered CX.

    Gain valuable perspectives from these experts by clicking here to access the recorded session of this

    Understanding the AI-Centric Customer Journey: From self-service platforms to proactive notifications and omnichannel integration, AI helps businesses deliver seamless and efficient experiences. For instance, advanced self-service solutions now go beyond FAQs to offer fully transactional capabilities, reducing customer effort and boosting satisfaction.

    Empowering Agents Through AI Tools: AI is transforming agent workflows by providing tools that enhance efficiency and engagement. Solutions like AI co-pilots and generative AI (GenAI)-powered simulations empower agents to handle complex customer interactions with confidence. Additionally, flexible scheduling and gamified learning paths improve agent well-being, reducing attrition and fostering long-term retention.

    How can AI solutions optimize agent performance and create a better work environment for employees?

    Harnessing the Power of Emotional Intelligence: Emotional intelligence is becoming a cornerstone of AI-driven CX strategies. By training agents to leverage AI for improved emotional connections with customers, businesses can create deeper relationships and long-term loyalty. Metrics like customer sentiment and emotional impact are emerging as key indicators of success.

    Breaking Down Silos for Seamless Integration: Data silos remain a significant obstacle to successful AI implementation. Organizations need unified data layers and collaborative frameworks to maximize AI’s potential. Early involvement of IT, security, and compliance teams ensures smoother integrations and mitigates risks during transitions, such as from on-premises to cloud contact centers.

    What strategies can businesses adopt to integrate emotional intelligence into AI-powered customer interactions?

    Prioritizing Security and Compliance in AI Deployments: As AI adoption grows, ensuring data privacy and regulatory compliance becomes crucial. Businesses must involve security teams early in the AI project lifecycle and partner with vendors offering certified, secure solutions. A security-first approach not only builds trust but also ensures scalability.

    “The maturity of GenAI solutions isn’t just about presenting FAQs—it’s about enabling customers to complete entire transactions seamlessly. True self-service success comes from blending technologies to deliver convenience at every touchpoint while ensuring customer satisfaction.”

     

    Brett Weigl, Senior Vice President, Product Management, AI at Genesys

    “Cultural readiness is as critical as technological readiness. While AI adoption is rapid, organizations must ensure employees embrace the tools provided, as cultural change often lags behind technology. This alignment is essential for success.”

     

    Sebastian Menutti, Industry Director, Growth Opportunity Analytics at Frost & Sullivan

    AI-powered customer experience innovations are setting the stage for transformative growth in 2025. By focusing on seamless customer journeys, empowering agents, fostering emotional intelligence, and overcoming integration challenges, businesses can unlock unprecedented opportunities. The path forward lies in harnessing these advancements to build meaningful, profitable customer experiences that deliver lasting value.

    The post AI-Driven Customer Experience: Innovative Strategies to Elevate CX in 2025 appeared first on Frost & Sullivan.

    ]]>
    AdaniConneX Earns Top Honors in Data Center Infrastructure and Operation Industry by Frost & Sullivan in the Asia-Pacific https://www.frost.com/news/press-releases/adaniconnex-earns-top-honors-in-data-center-infrastructure-and-operation-industry-by-frost-sullivan-in-the-asia-pacific/ Tue, 17 Dec 2024 17:00:32 +0000 https://www.frost.com/?p=22993811 AdaniConneX is well-positioned to lead India’s data center market expansion, combining speed, reliability, and scalability along with a consultative approach, rapid deployment capabilities, and a customer-centric focus.

    The post AdaniConneX Earns Top Honors in Data Center Infrastructure and Operation Industry by Frost & Sullivan in the Asia-Pacific appeared first on Frost & Sullivan.

    ]]>
    SAN ANTONIO, TX. – 18 December, 2024 – Frost & Sullivan, based on their comprehensive assessment, recognizes AdaniConneX with the 2024 Asia-Pacific Company of the Year Award in Data Center Infrastructure and Operations industry. AdaniConneX is applauded for implementation of global best practices across the data center infrastructure life cycle, starting with master planning, design & engineering, construction, operations and sustainability. With a unique eye to uncover market gaps, AdaniConneX is also recognized for successfully developing products and solutions that proactively address both current and emerging market needs in the hyperscale and enterprise data center market.

    AdaniConneX’s offers unique expertise in the data center infrastructure and operations sector. The company is creating world leading digital infrastructure in India for some of the largest technology companies and is doing so with highly secure, scalable, and sustainable architecture. It offers full-stack digital infrastructure solutions to address critical needs of organizations across data center infrastructure and energy value chain.

    Gautham Gnanajothi, Global Vice President of Research, Frost & Sullivan, observed “AdaniConneX’s unique approach towards technology leverage and sustainable innovation has been instrumental in creating a niche for itself in the APAC region; it will also play a crucial role in propelling its brand equity to further heights, with a potential to set pioneering global standards and best practices for data center infrastructure and operations. The company leverages advanced technologies and innovative solutions to enhance efficiency and reliability, earning a reputation for excellence and cementing its position as the partner of choice; its leadership propels India’s rise as a regional hub, addressing the surging demands of the digital era.” With its strong overall performance, AdaniConneX earns Frost & Sullivan’s 2024 Asia-Pacific Company of the Year Award in the data center infrastructure and operations industry.

    “Frost & Sullivan’s Company of the Year recognition reflects the shared commitment of our partners, customers, and employees towards building a sustainable and future-ready digital ecosystem for India. We are investing disproportionately to address the emerging needs of the market around Energy Security, Sustainability, Operational Efficiency, and Talent Development in anticipation of the Cloud & AI boost that the Indian market will further witness in coming years. We are building a globally benchmarked and locally complaint data center platform to power India’s digital growth. We are at the cusp of a multi-decade revolution that will reshape the economic landscape of the world around us and it is our mission to enable an infrastructure that facilitates India’s leadership in this age,’ said Sanjay Bhutani, Chief Business Officer, AdaniConneX.

    Each year, Frost & Sullivan presents a Company of the Year award to the organization that demonstrates excellence in terms of growth strategy and implementation in its field. The award recognizes a high degree of innovation with products and technologies, and the resulting leadership in terms of customer value and market penetration.

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

    About AdaniConneX
    AdaniConneX, a 50:50 JV between Adani Enterprises and EdgeConneX, was founded with a vision to redefine the data center landscape in India. AdaniConneX envisions to build an environmentally and socially conscious 1GW data center infrastructure platform by leveraging the complementary capacity of the Adani Group, India’s largest infrastructure player, and EdgeConneX, one of the largest private data center operators. In a land of innovators, data center solutions need to be ahead to accelerate ambition and AdaniConneX mirrors this vision of Digital India.
    For more information, please visit https://www.adaniconnex.com/
    For Media Queries: Roy Paul | roy.paul@adani.com

    The post AdaniConneX Earns Top Honors in Data Center Infrastructure and Operation Industry by Frost & Sullivan in the Asia-Pacific appeared first on Frost & Sullivan.

    ]]>
    Gogoro Earns Frost & Sullivan’s 2024 Global Company of the Year Award for Pioneering Sustainable Urban Mobility with Groundbreaking Battery-swapping Platform and Ecosystem https://www.frost.com/news/press-releases/gogoro-earns-frost-sullivans-2024-global-company-of-the-year-award-for-pioneering-sustainable-urban-mobility-with-groundbreaking-battery-swapping-platform-and-ecosystem/ Tue, 17 Dec 2024 05:42:46 +0000 https://www.frost.com/?p=22993802 Gogoro’s battery-swapping ecosystem revolutionized urban mobility by offering a sustainable, highly efficient, and customer-centric alternative to traditional electric vehicle charging.

    The post Gogoro Earns Frost & Sullivan’s 2024 Global Company of the Year Award for Pioneering Sustainable Urban Mobility with Groundbreaking Battery-swapping Platform and Ecosystem appeared first on Frost & Sullivan.

    ]]>
    San Antonio, TX — December 18, 2024Frost & Sullivan, a leading global research firm, recently researched the swappable battery market for electric two-wheel (E2W) vehicles and, based on its findings, is recognizing Gogoro with the 2024 Global Company of the Year Award. Gogoro is an industry leader in electric two-wheeler battery-swapping technology, driving the transition to sustainable urban mobility with its forward-thinking and customer-centric solutions.

    Gogoro addresses key market challenges, such as range anxiety and charging infrastructure, making it a standout in the urban electric mobility landscape. Its battery-swapping technology provides a convenient, reliable, and better alternative to traditional electric vehicle charging. However, Gogoro’s commitment to innovation extends beyond its battery-swapping solutions. It consistently pushes the boundaries of the E2W market, integrating cutting-edge technology and design into its products and services. For instance, the Gogoro Pulse smartscooter became the world’s first hyper electric scooter with superior features, such as 0 to 50 KM/H acceleration in 3.05 seconds, a hyper cooling system, a high-performance motor, and a luxury automotive-inspired dashboard.

    Furthermore, with over 650 million battery swaps conducted globally, Gogoro’s extensive network of more than 12,000 GoStations at 2,600 locations ensures that users can access charged batteries at their convenience, encouraging the adoption of electric vehicles and reducing dependence on fossil fuels.

    “Since its inception, Gogoro has prioritized innovation, drawing inspiration from the technology sector, where its founders originated from, to revolutionize two-wheeler transportation. Its battery design, conceptualized over a decade ago, remains a testament to its vision and dedication to transformative innovation and continues to be reverse compatible with its original batteries that are still working with new vehicles and new batteries working with its original Gogoro Smartscooter. Moreover, the company’s emphasis on battery longevity challenges industry norms, with batteries lasting up to nine years due to its intelligent charging system that optimizes charging speed and durability,” said Ojaswi Rana, Best Practices research analyst at Frost & Sullivan.

    Gogoro also leverages unique customer-centric strategies that maximize value at every touchpoint. The company relies on data insights from its extensive network of battery-swapping stations to offer personalized support, ensuring a seamless and satisfying experience.

    With its open battery swapping platform, Gogoro also collaborates with over ten vehicle-makers to accelerate the adoption of smart E2W transportation and expand its ecosystem, allowing consumers greater flexibility and choice. These strategic alliances facilitate the broader adoption of Gogoro’s battery-swapping technology, enabling traditional internal combustion engine (ICE) manufacturers to transition to electric mobility more seamlessly. It significantly strengthens Gogoro’s market position and contributes to developing sustainable urban ecosystems beyond transportation solutions.

    “Frost & Sullivan praises Gogoro for maximizing customer value through enhanced personalized support. The company’s inclusive approach to technology adoption and diverse partnerships, including collaborations with over ten vehicle manufacturers, expands its reach. This commitment to innovation fosters comprehensive and sustainable urban ecosystems, delivering solutions that transcend mobility,” said Chan Ming Lih, industry analyst at Frost & Sullivan.

    Each year, Frost & Sullivan presents a Company of the Year award to the organization that demonstrates excellence in terms of growth strategy and implementation in its field. The award recognizes a high degree of innovation with products and technologies, and the resulting leadership in terms of customer value and market penetration.

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

    Gogoro Battery Swapping
    At the heart of Gogoro’s ecosystem is an open and interoperable battery-swapping platform that has been recognized as the leading two-wheel battery-swapping platform in the world. Gogoro battery swapping is a new generation of swappable battery refueling that is smart and safe and continually optimizing itself to be dynamic and versatile for riders, businesses, and communities. In Taiwan, the Gogoro Network supports nearly 650,000 riders and has more than 1.3 million smart batteries in circulation through its network of 12,500 battery-swapping stations at over 2,500 locations. With more than 400,000 daily battery swaps and more than 650 million total battery swaps to date, Gogoro battery swapping has saved more than one billion kilograms of CO2 since it launched in 2015.

    About Gogoro
    Founded in 2011 to rethink urban energy and inspire the world to move through cities in smarter and more sustainable ways, Gogoro leverages the power of innovation to change the way urban energy is distributed and consumed. Recognized by Fortune as a “Change the World 2024” company;  Fast Company as “Asia-Pacific’s Most Innovative Company of 2024”; Frost & Sullivan as the “2024 Global Company of the Year for battery swapping for electric two-wheel vehicles”; and MIT Technology Review as one of “15 Climate Tech Companies to Watch” in 2024, Gogoro’s battery swapping and vehicle platforms offer a smart, proven, and sustainable long-term ecosystem for delivering a new approach to urban mobility. Gogoro has quickly become an innovation leader in vehicle design and electric propulsion, smart battery design, battery swapping, and advanced cloud services that utilize artificial intelligence to manage battery charging and availability. The challenge is massive, but the opportunity to disrupt the status quo, establish new standards, and achieve new levels of sustainable transportation growth in densely populated cities is even greater. For more information, visit www.gogoro.com/news and follow Gogoro on Twitter: @wearegogoro.

    The post Gogoro Earns Frost & Sullivan’s 2024 Global Company of the Year Award for Pioneering Sustainable Urban Mobility with Groundbreaking Battery-swapping Platform and Ecosystem appeared first on Frost & Sullivan.

    ]]>
    Growth Opportunities in New Product Development for Processed Food Products https://www.frost.com/growth-opportunity-news/chemicals-materials-nutrition/nutrition-wellness/growth-opportunities-in-new-product-development-for-processed-food-products-kts-cim-rg/ Fri, 13 Dec 2024 05:13:03 +0000 https://www.frost.com/?p=22993788 The post Growth Opportunities in New Product Development for Processed Food Products appeared first on Frost & Sullivan.

    ]]>

    The processed food products industry in the Middle East is growing, driven by rapid urbanization, changing customer preferences, and macroeconomic shifts. Now, in a landscape where more than 1.2 billion consumers seek added convenience, functional foods, longer shelf lives, natural ingredients, and halal options, providers are accelerating infrastructure development to minimize the region’s dependence on imports. Meanwhile, government initiatives promoting food security, sustainability, and minimized wastage are on the rise. These forces are pushing industry incumbents to pivot conventional growth processes, thereby transforming the way food products are developed, marketed, distributed, and consumed.

    GROWTH OPPORTUNITIES IN THE SPOTLIGHT

    • Snacks and On the Go Foods: Accelerating innovation in modern trade, organic ingredients, and functional foods.
    • New Business Models: E-commerce and direct-to-consumer (D2C) frameworks in food and agriculture to target new demographics.
    • Disruptive Technologies: AI, AgTech (agricultural technology), and Food Processing 4.0 for optimized and localized production.
    Amid this transformation, Frost & Sullivan’s recent New Product Launch Think Tank delved into the fascinating realm of Unlocking Megatrends and Opportunities in Processed Food Products in the Middle East.

    Here, the following growth experts collaborated to share their views on transformation drivers, challenges, disruptive technologies, and emerging opportunities in Middle East’s processed food products landscape: Amit Dutta, Growth Expert and Associate Director, Agriculture, Food & Nutrition, at Frost & Sullivan; Jad Haj Chahine, Growth Expert and Senior Consultant, Agriculture, Food & Nutrition, at Frost & Sullivan; and Vardarajan Prakash, Senior Market Access Consultant and FMCG Specialist, at DP World.

    Gain valuable perspectives from these experts by clicking here to access the recorded session of this Think Tank.

    • Key Imperatives Spurring Change in Processed Food Products: The Gulf Cooperation Council’s (GCC) processed food industry is valued at $135–$150 billion with an output of 57 million metric tons, marred by changing consumer preferences, demographic and macroeconomic shifts, and emerging technologies. Health-conscious choices, plant-based alternatives, and food security concerns are pressurizing providers to pivot traditional trade strategies in this domain Which partnerships is your organization pursuing to stay competitive amid these headwinds?
    • Minimizing Reliance on Food and Beverage (F&B) Imports: This sector heavily relies on imports, with up to 90% dependency, leaving it vulnerable to geopolitical disruptions like conflicts and trade barriers. This is pushing countries like the UAE and KSA to ramp up local investments that ensure food security, while complementing initiatives like Vision 2030 and the UAE Food Security Strategy 2051. Consequently, industry incumbents are pursuing product diversification, advanced logistics, and new technologies to mitigate risks How can F&B companies in the Middle East overcome growth barriers to future-proof their revenue pipelines?
    • The Journey from Traditional Trade to Digital Transformation: The rise of e-commerce, quick commerce, direct to consumer (D2C) brands, health-conscious products, and global cuisines is spurring more change. Further, the demand for clean-label, ready-to-eat, and restaurant-quality packaged foods is surging, catalyzed by tech-savvy consumers embracing experimentation, value, and convenience. This is triggering innovation in functional foods Are your growth teams equipped with the right frameworks to implement innovative business models in F&B production and distribution?
    • Transformative Megatrends in Action: An increasing focus on health and wellness and tech-enabled delivery is intensifying the demand for organic super-foods and functional ingredients. But evolving halal and ESG standards, sustainability practices, recyclable packaging, ethical sourcing, Internet of Things (IoT)-enabled production, and the need for personalized nutrition are challenging growth Which best practices and technology strategies will you implement to make the most of these F&B megatrends?
    • Capitalizing on New Growth Opportunities: Going forward, the F&B sector offers multiple opportunities, including modern trade expansion driven by logistics, infrastructure, and data-driven consumer insights; rising demand for healthy snacks, meal kits, and protein-rich options; and health-focused products like functional foods and transparent labeling. E-commerce, personalized marketing, and tech-driven innovations in AgTech, AI, and food waste management further position the region for transformative growth Do you have the frameworks to evaluate the return on investment (ROI) potential of these opportunities and identify the right ones for your organization?

    In conclusion, companies that embrace product innovation, strategic partnerships, and sustainability best practices will position themselves for long-term success in this rapidly evolving landscape.

    Click here to view the recorded session of this Webinar and unlock new growth opportunities today!

    The post Growth Opportunities in New Product Development for Processed Food Products appeared first on Frost & Sullivan.

    ]]>
    TRANSFORMATIONAL GROWTH PERSPECTIVES – GOVERNMENT CYBERSECURITY DOMAIN IN THE UNITED STATES https://www.frost.com/growth-opportunity-news/security/cybersecurity/transformational-growth-perspectives-government-cybersecurity-domain-in-the-united-states-cim-pb-2/ Fri, 13 Dec 2024 04:57:07 +0000 https://www.frost.com/?p=22993785 Exploring Growth Opportunities in Government Cybersecurity Domain in the United States Geopolitical tensions and an escalating wave of cyberattacks have positioned the United States at the center of a global cybersecurity challenge. State-sponsored groups increasingly target US government networks, seeking to steal sensitive information, disrupt essential services, and undermine national security. Aging IT infrastructure and […]

    The post TRANSFORMATIONAL GROWTH PERSPECTIVES – GOVERNMENT CYBERSECURITY DOMAIN IN THE UNITED STATES appeared first on Frost & Sullivan.

    ]]>
    Exploring Growth Opportunities in Government Cybersecurity Domain in the United States

    Geopolitical tensions and an escalating wave of cyberattacks have positioned the United States at the center of a global cybersecurity challenge. State-sponsored groups increasingly target US government networks, seeking to steal sensitive information, disrupt essential services, and undermine national security. Aging IT infrastructure and the rapid digitalization of federal operations have further exposed vulnerabilities, making the need for robust cybersecurity measures an urgent national priority.

    In response, US federal agencies are ramping up investments in advanced cybersecurity technologies, fostering collaborations with private sector innovators, and tightening regulatory frameworks to combat sophisticated threats. Key drivers include the need for compliance with evolving policies and the demand for adaptive, scalable defense systems. However, the ongoing shortage of skilled cybersecurity professionals presents a critical challenge.

    Interesting Industry Facts
    Number of Competitors: 290 companies with contracts exceeding $1 million.
    Top Competitors by Revenue Share: General Dynamics Information Technology (GDIT), Lockheed Martin, Booz Allen Hamilton, Jacobs Technology, Deloitte Consulting
    Revenue Share: Top five companies contributed 33.8% of total revenue.
    Other Notable Competitors: Northrop Grumman, The MITRE Corporation, Accenture Federal Services, Leidos
    Source: Frost & Sullivan

    How is your organization positioning itself to meet the evolving needs of federal agencies in the cybersecurity landscape?

    Top Strategic Imperatives Impacting Government Cybersecurity Domain in the United States

    Geopolitical Chaos: Enhancing the US cybersecurity framework through strategic investments, advanced defense mechanisms, and international partnerships. This involved focusing on intelligence sharing and unified global efforts to counter state-sponsored cyber threats, ensuring the protection of critical government and military systems against evolving risks.

    Transformative Megatrends: As advancements in AI, IoT, and quantum computing reshape the cybersecurity landscape, there is an urgent need to address new vulnerabilities and challenges. Strengthening collaboration between the government and private sector is essential to drive innovation and develop robust frameworks that secure critical systems and mitigate risks across the expanding digital ecosystem.

    Industry Convergence: The convergence of public and private entities, academic institutions, and industry experts is enabling the development of comprehensive cybersecurity solutions to tackle complex challenges. Through joint initiatives, US government agencies are fostering innovation, improving defenses, and expanding efforts to secure data and regulations across critical sectors such as healthcare, commerce, and public services.

    How is your organization implementing strategic imperatives to overcome key challenges in government cybersecurity and drive innovation in safeguarding critical systems and sensitive data?

    Companies to Action

    General Dynamics Information Technology (GDIT)

    GDIT headquartered in Falls Church, Virginia, is a leader in IT services, systems engineering, and professional training for sectors such as defense, healthcare, and intelligence. GDIT continues to innovate, demonstrated by its advanced cyber facility at Port San Antonio and the deployment of a groundbreaking zero-trust cybersecurity framework during the Talisman Sabre 2023 exercise. With a $4.5 billion cybersecurity contract for the US Air Force, GDIT remains pivotal in securing national defense operations.

    Booz Allen Hamilton
    Booz Allen Hamilton, a Virginia-based consulting firm, has been a trusted advisor to US government agencies since World War II. Renowned for its expertise in IT and strategy, the firm is advancing cybersecurity through projects like the Thunderdome zero-trust network for the US Department of Defense, which enhances network defenses using cutting-edge tools. Recent contracts include GPS protection for naval air platforms and lifecycle management for intelligence systems, solidifying its role in national security.

    Lockheed Martin
    Lockheed Martin, a global aerospace and defense leader, integrates cybersecurity into its critical defense systems for the US government. The company enhances military readiness through projects like supporting the Air Force Special Operations Command and operating the National Cyber Range Complex for cybersecurity training and testing. With a focus on resilient platforms, Lockheed Martin’s innovations ensure robust defense against emerging threats.

    Growth Opportunities

    • Bridging the Cybersecurity Skills Gap

    The increasing reliance of federal government agencies on advanced technologies presents a significant growth opportunity for private companies and consulting firms specializing in cybersecurity. By addressing the evident skills gap through tailored training solutions and innovative service models, these firms can position themselves as indispensable partners for government agencies. Offering specialized training programs or adopting training-as-a-service models not only alleviates the burden on agencies but also aligns workforce capabilities with evolving technological demands. Companies that proactively invest in these strategies can gain a competitive edge in securing government contracts, driving both business growth and national cybersecurity resilience.

    • Strengthening Data Security in Federal Digital Transformation

    As federal agencies accelerate their digital transformation, the need to address growing cybersecurity vulnerabilities has become a critical priority. The shift to digital platforms, combined with the increasing volume of sensitive data, demands robust access control systems to prevent unauthorized breaches. Organizations can seize growth opportunities by offering tailored solutions such as identity management, data encryption, and advanced data protection strategies to ensure compliance and safeguard critical systems. Additionally, emphasizing cybersecurity training programs equips federal employees with the knowledge to detect and respond to evolving threats, further strengthening the defense against cyberattacks and enhancing digital resilience across government sectors.

    • Adopting Zero-Trust Cybersecurity Solutions

    As agencies move away from traditional perimeter-based defenses, US federal agencies are now mandated to begin designing and implementing zero-trust security strategies. Companies offering integrated solutions—such as continuous user authentication, adaptive risk management, and real-time threat detection—are well-positioned to support this transition. Consulting services that help agencies assess existing capabilities, identify gaps, and align with federal mandates further enhance the value proposition. Additionally, solutions that streamline deployment by integrating with existing IT infrastructure present cost-saving advantages, driving adoption. Providers that capitalize on these opportunities can establish themselves as key partners in strengthening federal cybersecurity frameworks.

    What growth opportunities have you identified in developing innovative tools and services that address the growing sophistication of cyber threats targeting federal systems and data?

    In the era of cyber warfare, battles are fought not with traditional weapons but with sophisticated lines of malicious code, targeting the very networks that sustain a nation’s security, economy, and sovereignty. As digital battlegrounds replace physical ones, the resilience of a nation is now defined by the strength of its cyber defenses and its ability to adapt to an ever-evolving landscape of invisible threats.”

    — Danielle VanZandt, Research Manager at Frost & Sullivan 

    For a comprehensive overview of the United States Cybersecurity Space, including growth opportunities, recent developments, key challenges, and the latest updates on industry size, forecasts, and regional shifts, click here

    To learn more about these and the remaining growth opportunities, schedule a Complimentary Growth Dialog with our team to dive deeper into transformational strategies and explore specific needs within your company.

    To foster innovation and drive transformation, Frost & Sullivan has launched the Security Think Tanks, bringing together experts to explore growth opportunities, address challenges, and unlock new possibilities in this transformative journey.

    • To sign up for upcoming Security think tanks, click here.
    • To view Security recorded think tanks, click here.
    • To know more about our Security program, click here.

    Join us, and together, let us embark on this transformational journey!

    YOUR TRANSFORMATIONAL GROWTH JOURNEY STARTS HERE
    Frost & Sullivan’s Growth Pipeline Engine, transformational strategies, and best practice models drive the generation, evaluation, and implementation of powerful growth opportunities. Is your company prepared to survive and thrive through the coming transformation? Join the journey.

    The post TRANSFORMATIONAL GROWTH PERSPECTIVES – GOVERNMENT CYBERSECURITY DOMAIN IN THE UNITED STATES appeared first on Frost & Sullivan.

    ]]>
    Tango Networks Recognized by Frost & Sullivan for Enabling Collaboration Among Distributed Teams and improved Employee-customer Interactions with Its Global Business Mobility Solution https://www.frost.com/news/press-releases/tango-networks-recognized-by-frost-sullivan-for-enabling-collaboration-among-distributed-teams-and-improved-employee-customer-interactions-with-its-global-business-mobility-solution/ Thu, 12 Dec 2024 20:43:47 +0000 https://www.frost.com/?p=22993781 Tango Extend provides organizations with a cost-effective, non-disruptive, reliable, and compliant mobile communications solution that enables access to essential business telephony features on mobile devices.

    The post Tango Networks Recognized by Frost & Sullivan for Enabling Collaboration Among Distributed Teams and improved Employee-customer Interactions with Its Global Business Mobility Solution appeared first on Frost & Sullivan.

    ]]>
    Tango NetworksSAN ANTONIO, TX. – December 12, 2024 – Frost & Sullivan recently assessed the mobile unified communications (UC) industry and, based on its findings, recognizes Tango Networks with the 2024 Global Enabling Technology Leadership Award. The company has been at the forefront of delivering enabling technologies for effective mobile business communications for nearly two decades. Through relentless innovation and creativity, Tango Networks continually evolves its solutions and market strategies to better address shifting customer requirements. The provider’s highly differentiated fixed-mobile convergence (FMC) and mobile UC solutions address key industry trends, including the broad adoption of remote and hybrid work models, the influx of mobile-centric digital natives into the workforce, and increasing recognition of the need to better equip frontline and field workers – all of which are driving the growing use of mobile phones for business purposes.

    Tango Extend integrates mobile devices with existing telephony and UC solutions to gain mobility benefits without compromising the richness and control of business features. Leveraging eSIM technology, Tango Extend enables a second calling line on the mobile device using the employee’s business phone number and identity associated with the organization’s phone system. With this visionary design, organizations can quickly mobile-enable their employees without the need to rip and replace their telephony solutions or employees’ existing mobile devices and plans. With Tango Extend, users typically leverage bring-your-own-device (BOYD) phones, which enables the customer organization to save the costs of providing corporate-liable devices and mobile plans. By switching to mobile-only communications, organizations can also eliminate desktop phones, which reduces hardware and phone maintenance and life cycle costs. Environmentally conscious organizations also see the reduction in mobile and desktop phones as an opportunity to reduce their carbon footprint.

    Elka Popova, VP of Connected Work Research at Frost & Sullivan, observed, “Tango Extend, Tango Networks’ flagship business mobility solution, delivers integration of mobile devices with leading PBX and UCaaS solutions, including Microsoft Teams and Webex Calling to provide businesses with maximum flexibility and choice.”

    Tango Extend benefits go far beyond cost savings to address important shortcomings of the common mobility approaches among businesses. Integrating mobile phones and services with business telephony systems enables organizations to positively impact company costs, user experiences, and productivity while improving security, privacy, and governance to eliminate financial penalties and cyberattacks. Tango’s eSIM approach for BYOD enables the most natural calling experience—using the mobile dialer—while providing users with business calling features supported on the company telephony system across geographies and types of mobile phones. This design also protects the user’s private number and spares them any associated business calling and texting costs. It allows the company to keep an accurate report of employees’ business interactions, record calls and messages for compliance purposes, and retain ownership of customer information when employees leave. Tango Extend leverages a single global mobile tariff and can be bought through a single supplier. Rapid multi-national onboarding and deployment flexibility truly differentiate Tango Networks’ approach from the complex purchase and ownership experiences associated with alternative solutions.

    “Tango Networks, as a mobile virtual network operator (MVNO), enables a broad range of service providers not possessing mobile capabilities of their own—including telecom operators, UCaaS providers, managed services providers (MSPs), and systems integrators—to deliver mobile solutions to business customers. This approach enables Tango Networks to launch services quickly in multiple geographies and vertical industries to tap into a large addressable market,” added Elka. Creative partnerships with mobile operators, a broad spectrum of resellers, and leading UC providers represent a key aspect of Tango Networks’ growth strategy and market approach. For its strong overall performance, Tango Networks is recognized with Frost & Sullivan’s 2024 Global Enabling Technology Leadership Award in the cloud-connected mobile UC industry.

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

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

    Please click here to download the Frost & Sullivan full Technology Leadership Award document for Tango Networks

    About Tango Networks
    Tango Networks is a pioneer in mobile telecommunications solutions for enterprises globally. With a focus on innovation and customer-experience, Tango Networks revolutionizes how businesses connect and communicate in a mobile-centric world.

    Companies use the Tango Extend service to operate easy-to-use, business-quality mobile communications for the distributed workforce, frontline workers, deskless employees, and workers on the go.

    Tango Extend is pre-integrated with all leading Unified Communications platforms, including Microsoft Teams and Webex Calling, turning mobile phones into full-featured business line extensions.
    Extend empowers companies to save costs, transform employee engagement, streamline collaboration and boost employee productivity across the board. Learn more at tango-networks.com.

    Tango Networks Contact:
    Mark Brunwin, Vice President Marketing
    +44 7458 647061, markbrunwin@tango-networks.com

    The post Tango Networks Recognized by Frost & Sullivan for Enabling Collaboration Among Distributed Teams and improved Employee-customer Interactions with Its Global Business Mobility Solution appeared first on Frost & Sullivan.

    ]]>
    AWS’s Bet for a Sustainable Cloud in the Age of AI https://www.frost.com/growth-opportunity-news/awss-bet-for-a-sustainable-cloud-in-the-age-of-ai/ Thu, 12 Dec 2024 17:46:07 +0000 https://www.frost.com/?p=22993777 Though often perceived as intangible, the cloud is undeniably physical. The growing digitalization of our economy, which users experience through the simplicity of a screen, relies on an extensive network of servers spread across the globe, consuming massive amounts of energy. Like its competitors, Amazon Web Services (AWS), the global leader in cloud services, faces […]

    The post AWS’s Bet for a Sustainable Cloud in the Age of AI appeared first on Frost & Sullivan.

    ]]>
    Though often perceived as intangible, the cloud is undeniably physical. The growing digitalization of our economy, which users experience through the simplicity of a screen, relies on an extensive network of servers spread across the globe, consuming massive amounts of energy. Like its competitors, Amazon Web Services (AWS), the global leader in cloud services, faces the ongoing challenge of handling escalating data processing and storage while reducing towering operational costs and protecting the environment.

    The recent announcements made by AWS at its annual re:Invent event, which gathered over 60,000 attendees in Las Vegas, emphasize the company’s commitment to advancing infrastructure to enhance energy and operational efficiency. These innovations aim to lower costs for users while addressing the growing environmental impact of cloud computing, particularly as artificial intelligence and machine learning continue to demand unprecedented levels of computational power.

    AWS has made significant strides in its sustainability goals, with the latest AWS data center design announced during re:Invent projected to provide 12% more compute power, while improving availability and efficiency. A more efficient cooling design system is expected to reduce mechanical energy consumption by up to 46% and the new age data center components are projected to reduce embodied carbon in concrete by 35%.

    AWS has also extended the lifespan of its Amazon S3 hard drives by up to 2 years, improved average expected server lifetime from 5 to 6 years, incorporated 30% recycled or bio-based plastic into its products, and recycled or sold 23.5 million components on the secondary market since 2023. Over 99% of materials sent to Amazon Reverse Logistics Hubs are reused by AWS, recycled, or sold into the secondary market for reuse. In 2023, the company reached a global PUE of 1.15 – and new data center components, with innovations in cooling, design and control systems, are expected to reach a score of 1.08 (a PUE of 1 is ideal).

    A cornerstone of AWS’s strategy is its approach to power this next-generation infrastructure. The company announced three agreements to develop small modular nuclear reactors (SMRs) as part of its effort to achieve carbon neutrality by 2040. These SMRs, with their smaller physical footprint and faster construction timelines compared to traditional reactors, will enable AWS to sustainably meet the growing energy demands of its data centers.

    In partnership with Energy Northwest, AWS plans to develop four advanced SMRs in Washington State, with an initial capacity of 320 megawatts, expandable to 960 megawatts—enough to power over 770,000 homes in the United States. Additionally, AWS has signed an agreement with Dominion Energy to explore the development of an SMR near the North Anna nuclear power plant in Virginia, which will supply at least 300 megawatts of energy to the region.

    Finally, AWS acquired the Cumulus data center campus for $650 million—a strategic facility located next to the Susquehanna nuclear power plant in Pennsylvania. This acquisition positions AWS as one of the first major tech companies to directly link its infrastructure to an existing nuclear energy source. In 2023, Amazon also met its goal to match all of the electricity consumed across its operations, including its data centers and other buildings with 100% renewable energy seven years early.

    AWS also announced the implementation of liquid cooling systems in its data centers to more efficiently manage the heat generated by intensive AI workloads. This technology offers significant advantages, including reduced energy consumption and increased processing density within the same physical space. By eliminating the need for components like fans and traditional air conditioning systems, liquid cooling optimizes resource usage and reduces the carbon footprint of AWS operations.

    A key part of the green agenda is also the expanded adoption of Graviton, AWS’s custom chip for general-purpose workloads, now utilized by 90% of the company’s top customers. Designed for efficiency, Graviton reduces energy consumption and operational costs, aligning with AWS’s sustainability goals. Additionally, the company showcased updates to Trainium, its specialized chip for AI model training, which offers energy-efficient performance tailored to the needs of machine learning workloads.

    Another groundbreaking announcement was the introduction of UltraServers, which integrate multiple Trainium2 chips into a single unit. These servers are engineered to optimize the training of large-scale AI models, enabling entire models to run on a single node. This design reduces communication bottlenecks between nodes, significantly lowering latency and maximizing system performance, while also consuming less energy per operation.

    AWS also unveiled Project Rainier, a collaboration with Anthropic to build an EC2 UltraCluster composed of UltraServers powered by Trainium2 chips. This infrastructure, capable of delivering over five times the exaflops currently used to train the latest AI models, represents a leap forward in sustainable high-performance computing. By consolidating processing power into fewer, more efficient systems, Project Rainier demonstrates AWS’s focus on balancing the computational demands of AI with energy-conscious design.

    The company is also expanding its partnership with Nvidia, whose GPUs remain central to many of its server networks. AWS announced the upcoming availability of EC2 P6 instances, equipped with Nvidia’s next-generation Blackwell GPUs, expected in 2025. These instances promise up to 2.5 times the computational performance of their predecessors, providing users with highly efficient options for energy-intensive AI workloads.

    Through these innovations, AWS is not only addressing the operational demands of artificial intelligence but also redefining how cloud infrastructure can meet the dual goals of cost-efficiency and environmental sustainability. As the adoption of AI accelerates, these advances position AWS as a leader in mitigating the energy challenges associated with this transformative technology.

    The post AWS’s Bet for a Sustainable Cloud in the Age of AI appeared first on Frost & Sullivan.

    ]]>
    Frost & Sullivan Recognizes AllianceOne and Central Florida Expressway Authority with 2024 Customer Value Leadership Award https://www.frost.com/news/press-releases/frost-sullivan-recognizes-allianceone-and-central-florida-expressway-authority-with-2024-customer-value-leadership-award/ Thu, 12 Dec 2024 13:00:54 +0000 https://www.frost.com/?p=22993606 Award Highlights AllianceOne and the Central Florida Expressway Authority’s strong partnership through cultural infusion, process improvements, and honest, open communication at all levels of both organizations

    The post Frost & Sullivan Recognizes AllianceOne and Central Florida Expressway Authority with 2024 Customer Value Leadership Award appeared first on Frost & Sullivan.

    ]]>
    SAN ANTONIO, TX. – December 12, 2024 – Based on a recent assessment of trends and developments in the customer experience management (CXM) industry, Frost & Sullivan recognizes AllianceOne and the Central Florida Expressway Authority (CFX) with the 2024 Customer Value Leadership Award.

    AllianceOne Receivable Solutions, a Teleperformance company, is a leading full-cycle accounts receivable management (ARM) services provider. AllianceOne offers a complete suite of collection and contact center solutions that support markets such as government, education, banking and financial services, healthcare, retail, telecommunications, and utilities.

    CFX is an independent state agency that owns, operates, and maintains a regional network of expressways serving more than three-million Florida residents and 72-million visitors in Brevard, Lake, Orange, Osceola, and Seminole counties.

    The joint award recognizes both AllianceOne and CFX for their unique partnership that continues to deliver a customer-first focus to CFX’s customer base.

    Michael DeSalles, Principal Analyst at Frost & Sullivan, noted, “Frost & Sullivan congratulates both companies—AllianceOne and CFX—for this outstanding achievement and is proud to recognize their leadership in customer value in this competitive CXMoutsourcing market.”

    AllianceOne has a four-year history of delivering customer-facing and back-office processes for CFX, including talent acquisition and contact center management after a seamless transfer of CFX’s existing workforce through rebadging to AllianceOne.

    AllianceOne supports CFX with a variety of services at its headquarters in Orlando, Florida to meet the needs of CFX customers including customer service via voice and email channels and walk-in customer support, back-office mail handling and processing transponders for new accounts, reviewing images collected electronically through tolling technology, and payment processing. With Teleperformance leading the charge inCXM, AllianceOne has demonstrated considerable expertise and experience transitioning employees for numerous global clients and incumbent vendors across industries and service lines.

    AllianceOne has successfully integrated CFX’s facilities, senior and operational management, and front-line staff into their operations with high retention rates. This seamless integration

    contributed to CFX’s high 97% customer satisfaction rating that also includes its roadways, toll operations, and customer service channels while preserving one of its most important assets: its employees.

    DeSalles added, “The high level of trust built between CFX and AllianceOne demonstrates the enormous power of deep CXMpartnerships, ensuring uninterrupted employment for CFX employees and business continuity for CFX.”

    Each year, Frost & Sullivan presents this award to the company that has developed an innovative element in a product by leveraging leading-edge technologies. Frost & Sullivan Best Practices awards recognize companies in various regional and global markets for demonstrating outstanding achievement and superior performance in leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analyses, and extensive secondary research to identify Best Practices in the industry.

    About AllianceOne

    As one of the leading accounts receivable providers today, AllianceOne offers a complete range of collection and contact center solutions designed to meet its clients’ diverse needs. The realities of managing debt have become increasingly more sophisticated due to declining contact rates and increased account handling requirements. With a robust compliance management system and a tenured operational team, AllianceOne knows how to connect with consumers in payment jeopardy, minimize conflict, and bring the situation to a resolution.allianceoneinc.com
     

    About the Central Florida Expressway Authority

    The Central Florida Expressway Authority (CFX) is an independent agency of the State of Florida that operates and maintains a regional network of expressways for 3 million residents of Brevard, Lake, Orange, Osceola, and Seminole counties and more than 75 million annual visitors to Central Florida. CFX’s 125-centerline mile, user-funded system includes 73 interchanges, 14 mainline toll plazas, 5 mainline gantries, 76 ramp toll plazas and 369 bridges. On average, more than 1.5 million toll transactions are recorded daily, nearly 90 percent of them electronically. CFX operates E-PASS, the first electronic toll collection system in Florida, with more than one million E-PASS accounts. For more information, visit CFXway.com.

    Central Florida Expressway Authority (cfxway.com)

    The post Frost & Sullivan Recognizes AllianceOne and Central Florida Expressway Authority with 2024 Customer Value Leadership Award appeared first on Frost & Sullivan.

    ]]>
    EO Charging Recognized by Frost & Sullivan with the Product Leadership Award for Enabling Energy Efficiency, Cost-effectiveness, and Grid Reliability in Fleet Charging and Energy Management https://www.frost.com/news/press-releases/best-practice-awards/mobility-best-practices/eo-charging-recognized-by-frost-sullivan-with-the-product-leadership-award-for-enabling-energy-efficiency-cost-effectiveness-and-grid-reliability-in-fleet-charging-and-energy-management/ Wed, 11 Dec 2024 19:30:27 +0000 https://www.frost.com/?p=22993602 EO’s smart charging hardware and intelligent charging and energy management software provide efficient and reliable charging, enable high uptime, and give fleet managers granular control over their EV infrastructure and valuable insights through data analytics.

    The post EO Charging Recognized by Frost & Sullivan with the Product Leadership Award for Enabling Energy Efficiency, Cost-effectiveness, and Grid Reliability in Fleet Charging and Energy Management appeared first on Frost & Sullivan.

    ]]>
    EO Charging Award LogoSAN ANTONIO, TX. – December 11, 2024 – Frost & Sullivan recently assessed the fleet charging and energy management industry and, based on its findings, recognizes EO Charging with the 2024 European Product Leadership Award. As the global demand for EVs intensifies, the company is a significant innovator that accelerates the transition to carbon-free transportation by making EV charging simple, reliable, and accessible for fleets worldwide. EO empowers fleets to navigate charging management complexities by integrating cutting-edge hardware and software with unparalleled customer support providing fleets with charge assurance. It distinguishes itself with its platform-based approach and meticulously aligning its product offerings with fleet customers’ specific needs and tailoring every solution to meet large commercial fleets’ unique operational demands. Moreover, EO’s collaboration with top-tier EV charging infrastructure manufacturers helps customers receive cutting-edge tools and equipment tailored to their operational requirements.

    EO Charging’s Cloud platform and smart charging hardware help manage and optimize fleet charging operations. Built to integrate seamlessly with commercial-grade infrastructure, EO Cloud offers a software-defined charge platform that customers can depend on for real-time monitoring and control of their charging networks. The platform’s extensive data collection capabilities, including historical energy consumption, charger status, and network uptime, provide customers with the insights needed to maintain optimal performance and minimize downtime (less than 1%). Additionally, EO Cloud’s broad suite of features enable it to meet fleet electrification’s complex needs:

    • Advanced Access Management: tailors permissions based on individual needs
    • Real-time Monitoring: enables live monitoring of charging sessions, vehicles, and energy usage and offers comprehensive diagnostics to detect any faults before they impact fleet operations
    • Seamless Integration: supports easy integration with various telematics providers and other proprietary application programming interfaces, making it adaptable to different systems
    • Scalability: scales alongside businesses as they grow, evolves with new charging innovations, and fits the size and budget of any fleet electrification program
    • Proven Reliability: tested and integrated as part of Europe’s largest fleet electrification program, EO has deployed over 100,000 charging stations globally

    Aaron Manoharan, industry analyst at Frost & Sullivan, observed, “EO provides a comprehensive suite of solutions, from depot design and electrical installation to grid upgrades and ongoing operations management, ensuring commercial-grade charge assurance with industry-leading uptime. Its technology and service stack offer a full range of capabilities, including charger, energy management, and maintenance.”

    EO Charging’s EO Hub integrates on-site meters and building management systems seamlessly to optimize power distribution across fleet vehicles. This capability allows efficient fleet charging and enables cost savings through off-peak energy tariff utilization, effectively reducing the total cost of ownership (TCO) for customers. The EO Hub ensures continuous charge assurance by taking over local site management in case of a lost connection to the EO Cloud. This dynamic load management and adherence to smart charging schedules maintain uninterrupted charging services for EV fleets. EO’s advanced EO Cloud platform and robust EO Hub allow fleet managers unparalleled control and intelligent management of their fleet, enhancing reliability, uptime, and operational efficiency. EO’s service layer, on the other hand, allows for rapid fault resolution through an elimination process. Its software includes a machine learning module known as self-healing, which typically resolves over 50% of faults without human intervention. The company’s technical operations team resolves an additional 67% to 80% of faults remotely, typically leaving only around 20% of issues that require on-site technician support.

    “EO Charging’s strategic partnerships with industry leaders like Amazon and DHL significantly bolster the company’s market presence, showcasing its ability to deliver scalable, high-quality solutions. The company positions itself to lead the EV fleet charging industry into the future by exploring monetization strategies, integrating flexibility services, and offering customers cutting-edge technology with significant cost savings and operational benefits,” added Rabin Dhakal, best practices research analyst at Frost & Sullivan.

    With its strong overall performance, EO Charging earns the 2024 Frost & Sullivan Product Leadership Award.

    Each year, Frost & Sullivan presents this award to the company that has developed a product with innovative features and functionality that is gaining rapid market acceptance. The award recognizes the quality of the solution and the customer value enhancements it enables.

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

    About EO Charging

    EO Charging (EO) is a global pioneer in Electric Charging (EV) solutions for depot-based fleets. EO is on a mission to accelerate carbon-free transportation with the transition to electric fleets, promising to make charging simple, reliable, and accessible to fleets globally. EO offers commercial-grade charge assurance through its full technology and service stack, available as-a-service, and has unrivalled uptime in the market of >99% across its customer base.

    EO’s EV infrastructure solutions offer depot design, electrical installation, grid upgrades, and ongoing operations and maintenance for car, van, truck, and bus fleets. Many of the world’s largest and most complex fleet operators already use EO’s technology, including Amazon, DHL, UPS, Tesco, and Ocado.

    To learn more, please visit www.EOcharging.com and give us a follow @EOCharging on Twitter, LinkedIn, TikTok, Instagram and Facebook.

    Media Contact:

    Hazel Weller

    PR & Communications Manager

    Hazel.weller@eocharging.com / press@eocharging.com

    Phone: +44 (0)7518 291335

    The post EO Charging Recognized by Frost & Sullivan with the Product Leadership Award for Enabling Energy Efficiency, Cost-effectiveness, and Grid Reliability in Fleet Charging and Energy Management appeared first on Frost & Sullivan.

    ]]>
    Information and Communication Technology (ICT) in 2025: What’s Shaping Tomorrow’s Digital Landscape? https://www.frost.com/growth-opportunity-news/information-communications-technology/artificial-intelligence-data-analytics/information-and-communication-technology-ict-in-2025-whats-shaping-tomorrows-digital-landscape-topgos-ictoutlook-cim-rg/ Wed, 11 Dec 2024 16:39:52 +0000 https://www.frost.com/?p=22993761 The post Information and Communication Technology (ICT) in 2025: What’s Shaping Tomorrow’s Digital Landscape? appeared first on Frost & Sullivan.

    ]]>

    In 2024, disruptive technologies transformed business operations across industries — AI automated manual workflows, personalized customer experience (CX), and optimized cybersecurity; cloud, edge, and quantum computing improved real-time processing and predictive analytics; the convergence of Internet of Things (IoT), 5G, and low-power wide-area networks enabled innovative applications; digital content services boosted immersive technologies, new platforms, and targeted marketing; and cloud communications streamlined collaboration across dispersed work environments.

    Strategic Imperatives Catalysing Change in the ICT Landscape

    • Disruptive Technologies: Generative AI (GenAI), machine learning (ML), 6G, quantum computing, digital twins, extended realty (XR), robotics, and edge computing.
    • Megatrends: Digital transformation, hybrid/remote work, sustainability, urbanization, digital inclusivity, and cybersecurity.
    • Innovative Business Models: Software-as-a-service (SaaS), platform-as-a-service (PaaS), decentralization, and outcome-based models.
    • Industry Convergence: Blending and verticalization of technologies with finance, healthcare, manufacturing, autonomous mobility, smart homes, energy and power, and retail.
    • Internal Challenges: Legacy systems, rigid hierarchies, cost concerns, customer resistance, and employee skills-gaps.

    To read on about the impact of these strategic imperatives on future of ICT, click here.

     

    ICT Growth Opportunities for 2025

    Looking back at 2024, it’s clear that several groundbreaking innovations reshaped digital landscapes, pushing the boundaries of connectivity, automation, and analytics. From the rise of AI-driven personalization and advancements in real-time computing to the growth of satellite internet, green IT, and next-gen cybersecurity, 2024’s milestones are setting the stage for a transformative future.

    Here’s a preview of key growth opportunities for 2025:

    • Managed cloud services like infrastructure-as-a-service (IaaS) and platform-as-a-service (PaaS): Enabling businesses to scale operations, reduce costs, and accelerate innovation by outsourcing complex IT management.

    Companies to Action in IaaS and PaaS: AWS, Microsoft Azure, Google, Alibaba, IBM, Oracle, Tencent, and Huawei.

    • GenAI implementation services: Helping businesses maximize AI-driven creativity, automation, personalized experiences, and innovative product development.

    Companies to Action in AI Implementation: Infosys, Hitachi Digital Services, and Lenovo.

    • Immersive technologies and the metaverse: Powering futuristic digital experiences, interactive virtual environments, and new business models through augmented reality (AR), virtual reality (VR), and mixed reality (MR).

    Companies to Action in Industrial XR: Microsoft, Scope AR, PTC, and AVEVA.

    • Massive and cellular IoT: Allowing seamless connectivity for billions of devices, driving innovation in smart cities, industrial automation, intelligent manufacturing, telehealth, and autonomous transport.

    Companies to Action in Cellular IoT: 1NCE, KORE Wireless, Wireless Logic, Telit Cinterion, and KDDI’s Soracom.

    • Zero trust network access (ZTNA) in software-defined wide area networks (SD-WANs): Enforcing strict access controls by verifying users, devices, and connections before granting access to networks and enterprise resources.

    Companies to Action in SD-WAN: Fortinet, Versa Networks, and VMWare.

    • Futuristic wireless technologies to tackle complex business problems: Delivering ultra-fast, low-latency connectivity that enables innovative solutions and support for a wide range of applications, from smart homes to industrial automation and smart cities.

    Companies to Action in Private 5G: AT&T, China Mobile, China Telecom, Celona, Cisco, and Ericsson.

    • Contact center workforce optimization (WFO): Enhancing operational efficiency, customer satisfaction, and employee productivity through advanced analytics, AI, automation, and real-time insights.

    Companies to Action in WFO: Verint, Zenarate, Zoho, Cisco, NICE, Calabrio, and CallMiner.

    • Programmable communications and communications platform-as-a-service (CPaaS): Integrating, customizing, managing, and controlling communication services—such as voice, messaging, video, and email—through flexible application programming interfaces (APIs) and software platforms.

    Companies to Action in CPaaS: Twilio, Infobip, Vonage, Sinch, Telnyx, and Cisco.

    Download now to delve into detailed growth opportunities and best practices in ICT.

    Next Steps on Your ICT Growth Journey

    The ICT ecosystem of 2025 is poised to be more interconnected, intelligent, and responsive than ever before, fueled by advancements in GenAI, 5G, edge AI, blockchain, and VR. As businesses grapple with the challenges of legacy systems, cost concerns, and skills gaps, the strategic adoption of new technologies will be critical to staying competitive in tomorrow’s digital economy.

    Are your teams equipped with the right implementation plans to the make the most of emerging ICT opportunities?

    If not, Frost & Sullivan is here to guide you. Download our latest growth content to explore emerging trends, breakthrough technologies, leading providers, and winning strategies that drive sustainable ICT growth in 2025 and beyond.

    Further, to uncover customized growth opportunities for your organization, sign up for an exclusive Growth Pipeline Dialog™ with our ICT experts today!

    The post Information and Communication Technology (ICT) in 2025: What’s Shaping Tomorrow’s Digital Landscape? appeared first on Frost & Sullivan.

    ]]>
    Is Your Organization Positioned to Capitalize on Growth Opportunities in AI Test & Measurement? https://www.frost.com/growth-opportunity-news/industrial/electronics-measurement/is-your-organization-positioned-to-capitalize-on-growth-opportunities-in-ai-test-measurement-tgp-cim-sn/ Wed, 11 Dec 2024 06:53:17 +0000 https://www.frost.com/?p=22993751 As artificial intelligence (AI) continues to revolutionize industries, its impact on Test & Measurement (T&M) is creating unprecedented opportunities. From healthcare to manufacturing and space exploration, AI is pushing businesses to adopt advanced testing frameworks that ensure accuracy, reliability, and security in AI-driven systems. This intensifies the need for organizations to enhance their T&M strategies […]

    The post Is Your Organization Positioned to Capitalize on Growth Opportunities in AI Test & Measurement? appeared first on Frost & Sullivan.

    ]]>
    As artificial intelligence (AI) continues to revolutionize industries, its impact on Test & Measurement (T&M) is creating unprecedented opportunities. From healthcare to manufacturing and space exploration, AI is pushing businesses to adopt advanced testing frameworks that ensure accuracy, reliability, and security in AI-driven systems. This intensifies the need for organizations to enhance their T&M strategies to stay competitive in the evolving AI landscape.

    The following forces are driving transformational growth in AI T&M:

    • AI in Manufacturing: The rise of additive manufacturing has accelerated the need for AI-driven T&M solutions to validate design flexibility, reduce time-to-market, and ensure mechanical compliance.
    • AI in Healthcare: With stricter safety and regulatory standards in AI-based healthcare applications, the demand for robust T&M frameworks is higher than ever. T&M solutions play a critical role in safeguarding patient outcomes by ensuring AI system accuracy.
    • AI in Connected Vehicles: Connected vehicles, powered by real-time AI data analysis, demand rigorous testing to ensure predictive capabilities and system performance meet industry standards.

    Now, as AI adoption scales across industries, the pressure on T&M providers to deliver holistic strategies that address these testing needs is intensifying. AI-driven solutions are enabling companies to optimize workflows, reduce operational costs, and accelerate innovation.

    At Frost & Sullivan, we’ve been at the forefront of these advancements, helping businesses identify growth opportunities and implement best practices through our Electronics & Measurement Think Tanks. These Think Tanks bring together industry experts to address strategic imperatives and unlock competitive advantages for the future.

    Which Growth Opportunities Will Empower Your Organization to Drive AI T&M Innovations?

    • Validating AI-Enhanced Additive Manufacturing: Ensure AI-driven design processes and material selections meet industry regulations with cutting-edge T&M tools.
    • Harnessing AI in Connected Vehicles: Develop comprehensive testing strategies for AI-powered systems to ensure safety, efficiency, and predictive performance.
    • Unlocking Growth in Healthcare AI: Implement AI-specific testing frameworks that guarantee compliance with evolving healthcare regulations.

    To delve deeper into these growth opportunities and learn from industry leaders who have successfully embraced them, click here.

    In conclusion, as AI continues to transform industries, investing in advanced Test & Measurement solutions is essential for organizations looking to thrive in this new era. By partnering with the right T&M providers and adopting forward-thinking strategies, your business can unlock long-term growth potential and stay ahead of the curve in AI innovations.

    The post Is Your Organization Positioned to Capitalize on Growth Opportunities in AI Test & Measurement? appeared first on Frost & Sullivan.

    ]]>
    Transforming Global Supply Chains with Nearshoring for Agility and Resilience https://www.frost.com/growth-opportunity-news/techvision/transforming-global-supply-chains-with-nearshoring-for-agility-and-resilience-tgc-cim-sn/ Wed, 11 Dec 2024 06:47:55 +0000 https://www.frost.com/?p=22993748 Shifting to Nearshoring for Supply Chain Success Transforming global supply chains, nearshoring is emerging as a pivotal strategy for overcoming disruptions caused by geopolitical conflicts, raw material shortages, and trade route vulnerabilities. By relocating manufacturing closer to key markets, businesses are enhancing flexibility, reducing costs, and strengthening supply chain resilience. Revolutionizing the future of manufacturing, […]

    The post Transforming Global Supply Chains with Nearshoring for Agility and Resilience appeared first on Frost & Sullivan.

    ]]>
    Shifting to Nearshoring for Supply Chain Success

    Transforming global supply chains, nearshoring is emerging as a pivotal strategy for overcoming disruptions caused by geopolitical conflicts, raw material shortages, and trade route vulnerabilities. By relocating manufacturing closer to key markets, businesses are enhancing flexibility, reducing costs, and strengthening supply chain resilience.

    Revolutionizing the future of manufacturing, nearshoring is unlocking significant growth across industries, leveraging advanced technologies and agile business models. Companies adopting nearshoring are not only mitigating risks but also positioning themselves for sustainable growth in an unpredictable world.

    Highlighting Challenges and Trends

    Demonstrating urgency, a series of global disruptions is underscoring the need for nearshoring:

    • Interrupting Trade Routes: Experiencing losses of $10 billion daily, the 2021 Suez Canal blockage is exposing the vulnerabilities of traditional supply chains.
    • Escalating Geopolitical Conflicts: Driving a 60% increase in shipping costs and a 3.7% rise in global food prices, the Russo-Ukrainian war is showing the economic ripple effects of instability.
    • Facing Raw Material Shortages: Losing $100 billion globally due to export bans and extreme weather in 2023, industries are seeking alternative sourcing strategies.

    Responding to these challenges, nearshoring is providing a practical solution for addressing logistical uncertainties and operational inefficiencies.

    To learn more about Emerging Growth Opportunities and Business Models Driven by the Nearshoring Trend click here.

    Unlocking Growth Opportunities

    Creating new growth areas, nearshoring is enabling:

    • Streamlining Logistics: Shortening supply chains, companies are reducing transportation costs and speeding up delivery times.
    • Tapping into Skilled Local Talent: Accessing regional workforces, businesses are benefiting from specialized skills and cost advantages.
    • Integrating Advanced Technologies: Accelerating adoption of nearshoring strategies, innovations like Unified Procurement SaaS platforms and Distributed Manufacturing models are driving progress.

    Implementing Best Practices for Nearshoring

    To fully capitalize on nearshoring, businesses are:

    • Investing in Digital Infrastructure: Building advanced platforms unifying procurement, manufacturing, and logistics for seamless operations.
    • Fostering Regional Collaboration: Strengthening partnerships with local suppliers and talent pools for smoother implementation.
    • Leveraging Technology for Scalability: Utilizing AI-driven data analytics and real-time monitoring tools for enhancing visibility and decision-making.

    Redefining Global Supply Chains for the Future
    Navigating an increasingly volatile global landscape, businesses are turning to nearshoring for driving resilience, agility, and innovation. Shifting production closer to key markets and embracing advanced technologies, companies are building stronger, more responsive supply chains, thriving in uncertainty.

    Call to Action:
    Transforming your supply chain strategy? Download our in-depth analysis, exploring growth opportunities, advanced business models, and best practices in nearshoring. Click here for exclusive analytics, staying ahead in the evolving global ecosystem.

    The post Transforming Global Supply Chains with Nearshoring for Agility and Resilience appeared first on Frost & Sullivan.

    ]]>
    Top 5 Strategic Imperatives Impacting the Cybersecurity Industry https://www.frost.com/growth-opportunity-news/security/cybersecurity/top-5-strategic-imperatives-impacting-the-cybersecurity-industry-cim-pb/ Mon, 09 Dec 2024 09:34:08 +0000 https://www.frost.com/?p=22993740 How are you transforming your cybersecurity approach to be more proactive and intelligence-driven? The cybersecurity industry is rapidly moving from static defenses to dynamic, intelligence-driven security frameworks that can preemptively counter evolving threats. Organizations are now harnessing AI and machine learning not just to react, but to predict and prevent attacks before they occur. This […]

    The post Top 5 Strategic Imperatives Impacting the Cybersecurity Industry appeared first on Frost & Sullivan.

    ]]>
    How are you transforming your cybersecurity approach to be more proactive and intelligence-driven?

    The cybersecurity industry is rapidly moving from static defenses to dynamic, intelligence-driven security frameworks that can preemptively counter evolving threats. Organizations are now harnessing AI and machine learning not just to react, but to predict and prevent attacks before they occur. This shift from a reactive to a proactive approach marks a major evolution, positioning cybersecurity as a strategic asset that actively protects business continuity. Global efforts toward regulatory standardization are further accelerating this transformation, enabling companies to adopt cohesive security protocols across regions, fostering global resilience.

    Additionally, flexible financial models are now allowing organizations to scale their cybersecurity investments based on usage and specific threat landscapes, ensuring that even emerging businesses can adopt robust measures. However, the journey isn’t without obstacles, as integrating these advanced capabilities with existing legacy systems remains a critical challenge, calling for innovative approaches that bridge the gap between traditional infrastructure and cutting-edge security demands.

    • To know about the lucrative growth opportunities in US government cybersecurity domain, download our latest analysis by clicking here
    • To know about the lucrative growth opportunities and more in the Americas managed security services space, click here

    Let’s delve into the top 5 strategic imperatives driving this transformative shift in the security industry:

    1. Disruptive Technologies

    Predictive AI for Cybersecurity: Artificial intelligence is fueling cybersecurity industry growth by enabling predictive capabilities that allow organizations to anticipate and address threats before they escalate. Leveraging advanced algorithms, predictive AI analyzes vast amounts of data to identify patterns that signal potential cyber-attacks. This approach shifts the cybersecurity paradigm from reactive measures to preemptive defense, enhancing an organization’s ability to protect its digital assets.

    1. Transformative Megatrends

    Global Standardization of Cybersecurity Regulations: As cybersecurity threats grow in scale and sophistication, global standardization of cybersecurity regulations is emerging as a crucial strategy. This alignment of regulatory requirements across regions fosters a consensus on security best practices, making it easier for companies to navigate compliance obligations. By adhering to unified standards, companies can focus on building stronger security measures without the additional burden of varying regional regulations.

    How is your organization leveraging these strategic imperatives to promote innovation and accelerate growth?

    1. Innovative Business Models

    Usage-Based Pricing Models: The adoption of usage-based pricing models in cybersecurity services allows companies to align their security investments with actual risk exposure and usage patterns. This flexible model enables organizations to manage costs more effectively, making security expenses predictable. By tailoring investments to specific needs, companies can allocate resources to areas with the greatest risk, enhancing protection while maintaining financial agility.

    1. Internal Challenges

    Integration of Modern Solutions with Legacy Systems: Many organizations still rely on outdated legacy systems that may be incompatible with modern security tools, creating inefficiencies and vulnerabilities. Integrating advanced security solutions with these older systems is challenging but necessary to close potential security gaps. Organizations are exploring strategies to modernize their legacy systems, including phased upgrades and the use of middleware, to enable seamless adoption of advanced security technologies.

    1. Disruptive Technologies

    Simplifying Extended Detection and Response (XDR) solutions: XDR solutions offer robust, unified threat detection, investigation, and response by aggregating data from a wide range of security controls. By integrating data from endpoints, networks, cloud environments, emails, identities, and applications, XDR enables security teams to achieve a comprehensive, end-to-end view of potential threats. This cohesive approach not only increases visibility across all digital assets but also enhances the speed and accuracy of threat detection, enabling faster, more effective responses to emerging cyber risks.

    Guided by these imperatives, how do you intend to capitalize on emerging opportunities to bolster your growth pipeline?

    Frost & Sullivan’s team of growth experts is here to coach you in addressing and mitigating the negative impact of the strategic imperatives listed above, while identifying new growth opportunities for your organization. Confused where to start? Click here to engage with our Growth Experts

    Join the Transformation Journey

    The post Top 5 Strategic Imperatives Impacting the Cybersecurity Industry appeared first on Frost & Sullivan.

    ]]>
    Redefining Security: Leading PAM Vendors Shaping the Future of Identity and Access Management https://www.frost.com/growth-opportunity-news/security/cybersecurity/redefining-security-leading-pam-vendors-shaping-the-future-of-identity-and-access-management-cim-pb/ Mon, 09 Dec 2024 09:26:24 +0000 https://www.frost.com/?p=22993736 With the explosion of remote work, multi-cloud environments, and stringent regulatory demands, securing privileged access has become critical. Privileged Access Management (PAM) vendors are now at the forefront, crafting solutions that redefine identity and access security. The PAM space is expected to see exponential growth, with revenues projected to rise from $1.83 billion in 2023 […]

    The post Redefining Security: Leading PAM Vendors Shaping the Future of Identity and Access Management appeared first on Frost & Sullivan.

    ]]>
    With the explosion of remote work, multi-cloud environments, and stringent regulatory demands, securing privileged access has become critical. Privileged Access Management (PAM) vendors are now at the forefront, crafting solutions that redefine identity and access security. The PAM space is expected to see exponential growth, with revenues projected to rise from $1.83 billion in 2023 to $4.86 billion by 2028. This rapid expansion signals an era where identity-centric security is paramount.

    Leading vendors like CyberArk, BeyondTrust, and Delinea are innovating to address the challenges of modern identity security. These companies are integrating advanced technologies, such as AI-driven analytics and just-in-time (JIT) access controls, allowing organizations to gain real-time insights into user behavior and detect anomalies swiftly. By leveraging these capabilities, companies can manage privileged access with a level of precision and flexibility unseen in traditional models.

    Is your team effectively capitalizing upon the growth opportunities presented by advanced Privileged Access Management (PAM) solutions to enhance identity security?

    • To explore exciting growth opportunities, best practices, strategic imperatives, and the key companies driving innovations in PAM, click here.

    Why PAM Is Essential in Modern Cybersecurity

    In today’s landscape, PAM plays a critical role in protecting organizations from insider threats, identity-based attacks, and unauthorized access. Traditional methods of securing privileged access are no longer sufficient to manage the complexity of cloud and hybrid infrastructures, as well as the demands of zero-trust architecture and regulatory compliance. Organizations increasingly look for solutions that integrate with identity security frameworks, multi-factor authentication (MFA), and advanced analytics to ensure seamless, secure access across platforms.

    Major PAM Vendors Pioneering Innovation

    As cybersecurity threats grow more complex, leading PAM vendors are elevating their solutions to meet these challenges head-on. By embracing AI, cloud-native architectures, and automation, these key players are redefining identity and access management:

    CyberArk: Renowned for its comprehensive identity security platform, CyberArk provides robust PAM solutions that include cloud infrastructure entitlement management (CIEM) and align with zero-trust security models. CyberArk’s platform is designed for modern, hybrid IT environments, utilizing AI-powered automation to streamline threat detection and privileged account management. This technology enables organizations to proactively manage risks across both cloud and on-premises systems, significantly reducing their security vulnerabilities.

    BeyondTrust: BeyondTrust integrates privileged account and session management (PASM) with extensive session monitoring and secrets management features. The company’s identity security insights tool offers an in-depth, unified view across cloud and on-premises environments, empowering security teams to manage and secure privileged accounts more effectively. BeyondTrust’s Total PASM bundle simplifies privileged account management, delivering comprehensive value by enhancing visibility, control, and automation within one cohesive solution.

    Delinea: A leader in cloud-native PAM solutions, Delinea emphasizes zero-trust security principles and just-in-time provisioning. Recent acquisitions, including Fastpath and Authomize, have broadened Delinea’s capabilities, allowing it to integrate identity governance and advanced analytics seamlessly. Delinea’s platform is particularly well-suited for organizations embracing hybrid work models, offering flexible and scalable solutions that provide deep insights into identity and access management.

    Senhasegura: With a strong presence in Latin America, Senhasegura addresses the region’s unique need for secure, cloud-native infrastructure. Its PAM solutions include multi-cloud identity and access management, as well as DevOps secrets management, catering to evolving security requirements in dynamic digital ecosystems. Senhasegura’s offerings are specifically tailored to support emerging security needs within multi-cloud environments, helping organizations manage identities and secure privileged access effectively.

    These vendors are advancing the future of PAM by building solutions that not only protect against today’s threats but also lay the groundwork for resilient, scalable security in tomorrow’s digital landscape.

    Are you partnering with the right PAM vendors to automate and enhance your identity and access management strategy?

    Key Technological Advancements

    Recent innovations in PAM leverage AI/machine learning (ML), which enable more sophisticated threat detection and privileged access monitoring. AI capabilities allow real-time visibility, behavioral analytics, and automation for anomaly detection and response. Vendors are increasingly embedding CIEM, ITDR (identity threat detection and response), and privileged task automation to streamline PAM operations. Moreover, many organizations are prioritizing cloud-based PAM deployments to achieve scalability and reduce total cost of ownership (TCO).

    The Future of PAM: Integrated and AI-Driven Solutions

    The future of PAM lies in convergence with identity management, CIEM, and adjacent security technologies. As organizations adopt a unified security approach, PAM solutions will be essential in creating a seamless identity security framework. AI-driven, cloud-based PAM deployments with built-in zero-trust capabilities will redefine how businesses secure their critical data and privileged access.

    In conclusion, PAM vendors are not only responding to today’s security challenges but are also setting the stage for a future where integrated, AI-powered access management becomes a standard for cybersecurity. For organizations aiming to protect sensitive data and maintain compliance, adopting a comprehensive PAM strategy is now more critical than ever.

    Is your leadership team adopting a comprehensive, AI-powered PAM strategy to safeguard sensitive data in today’s evolving cybersecurity landscape?

    About Frost & Sullivan

    Frost & Sullivan, the growth pipeline company, enables clients to accelerate growth and achieve best-in-class industry positioning in terms of innovation and leadership. The company’s ‘Growth Pipeline-as-a-Service’ provides corporate management teams with transformational strategies and best-practice models that catalyze growth opportunity generation, evaluation, and implementation. Let us coach you on your transformational journey, while we actively support you in fostering collaborative initiatives within the global commercial and public security ecosystem. This journey is fueled by four powerful components, ensuring your success in navigating dynamic business and industry landscapes.

    • Schedule a Growth Dialog with our team to dive deeper into transformational strategies and explore specific needs within your company.
    • Become a Frost Growth Expert in your area of specialization and share your expertise and passion with the community through our think tanks.
    • Join Frost & Sullivan’s Growth Council and become an integral member of a dynamic community focused on identifying growth opportunities and addressing critical challenges that influence industries.
    • Designate your company as a Companies to Action to maximize your exposure to investors, new M&A opportunities, and other growth prospects.

    The post Redefining Security: Leading PAM Vendors Shaping the Future of Identity and Access Management appeared first on Frost & Sullivan.

    ]]>
    Navigating the New Digital Frontier: Enterprise Digitalisation Accelerates Demand for Proactive External Attack Surface Management https://www.frost.com/growth-opportunity-news/navigating-the-new-digital-frontier-enterprise-digitalisation-accelerates-demand-for-proactive-external-attack-surface-management/ Fri, 06 Dec 2024 15:20:14 +0000 https://www.frost.com/?p=22993726 Organisations face increasing cybersecurity risks as digital footprints expand beyond traditional perimeters London, UK, 6th December 2024 — In today’s rapidly evolving digital landscape, the widespread adoption of cloud technologies, remote work, and enterprise digitalisation has dramatically increased the complexity of organisational security. As companies expand their digital footprints, their attack surfaces also grow, exposing […]

    The post Navigating the New Digital Frontier: Enterprise Digitalisation Accelerates Demand for Proactive External Attack Surface Management appeared first on Frost & Sullivan.

    ]]>
    Organisations face increasing cybersecurity risks as digital footprints expand beyond traditional perimeters

    London, UK, 6th December 2024 — In today’s rapidly evolving digital landscape, the widespread adoption of cloud technologies, remote work, and enterprise digitalisation has dramatically increased the complexity of organisational security.

    As companies expand their digital footprints, their attack surfaces also grow, exposing them to sophisticated cyber threats. Increasing IT complexity and reliance on third-party vendors intensify challenges in security governance, making it harder to track rogue assets like cloud services and developer environments. Inadequate validation processes lead to false positives, overwhelming security teams and draining resources while hidden vulnerabilities remain unchecked.

    A new whitepaper conducted by Frost & Sullivan, commissioned by Hadrian, underscores that failing to effectively address vulnerabilities across external digital assets and supply chains exposes organisations to increased risks of data breaches, operational disruptions, and significant financial losses.

    Cybercriminals have adapted to target assets beyond the corporate firewall, such as exposed APIs, forgotten domains, and unsecured cloud instances. This shift has led to a surge in cyberattacks, with data breaches costing organisations an average of $4.88 million in 2024, according to Statista.

    “The stakes are high, with potential impacts ranging from customer attrition to severe brand reputation damage. To stay ahead of these threats, businesses must adopt a proactive security strategy that enhances visibility into their digital footprint and continuously protects assets beyond the traditional network perimeter,” said Martin Naydenov, Cybersecurity Growth Expert at Frost & Sullivan.

    “Organisations can no longer rely solely on reactive security measures like detection and response. As attackers exploit vulnerabilities in cloud configurations, public applications, and third-party systems, the need for continuous monitoring and proactive threat mitigation has never been more urgent,” he added.

    External Attack Surface Management (EASM) solutions not only enhance visibility into digital assets but also deliver significant productivity gains. By automating asset management, vulnerability assessment, and risk prioritisation, Hadrian’s advanced EASM platform enables security teams to focus on strategic initiatives.

    Surveyed organisations using EASM report up to a 30% reduction in red teaming costs and an 80% improvement in mean time to remediate (MTTR) vulnerabilities.

    Powered by Hadrian’s Orchestrator AI, its EASM platform validates threats, including high-risk vulnerabilities like those in the OWASP Top Ten and zero-day vulnerabilities.

    “Hadrian’s automated penetration testing is designed to activate whenever a new asset is detected or a configuration changes, significantly enhancing risk assessments while minimising false positives,” said Naydenov.

    “Unlike traditional vulnerability scanners, Hadrian’s multidimensional scanning approach interlinks various data modules, providing a comprehensive view of an organisation’s security landscape. By leveraging Orchestrator AI to form attack chains, the solution can predict potential threat escalations and operate as a continuous, non-intrusive pen tester. By prioritising risks and offering actionable remediation steps, Hadrian enhances operational efficiency while aligning security measures with business objectives.”

    About Frost & Sullivan:

    Frost & Sullivan, the growth pipeline company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation, and leadership. The company’s Growth Pipeline as a Service provides the CEO and the CEO’s Growth Team with transformational strategies and best-practice models to drive the generation, evaluation, and implementation of powerful growth initiatives. Frost & Sullivan leverages over 60 years of experience in partnering with Global 1000 companies, emerging businesses, and the investment community from more than 40 offices on six continents.

    Contact:

    Kristina Menzefricke

    Marketing & Communications

    Global Customer Experience, Frost & Sullivan

    kristina.menzefricke@frost.com

    +44 (0)20 331 01228

    The post Navigating the New Digital Frontier: Enterprise Digitalisation Accelerates Demand for Proactive External Attack Surface Management appeared first on Frost & Sullivan.

    ]]>
    Singtel Recognized by Frost & Sullivan for Offering Enterprises Market-leading Holistic Protection Against Emerging Threats https://www.frost.com/news/press-releases/singtel-recognized-by-frost-sullivan-for-offering-enterprises-market-leading-holistic-protection-against-emerging-threats/ Thu, 05 Dec 2024 13:05:40 +0000 https://www.frost.com/?p=22993715 With over 14 decades of industry expertise, business success, and commitment to continuous advancement, Singtel has become an industry leader that delivers fast, simple, reliable solutions that prioritize stakeholder value.

    The post Singtel Recognized by Frost & Sullivan for Offering Enterprises Market-leading Holistic Protection Against Emerging Threats appeared first on Frost & Sullivan.

    ]]>
    SAN ANTONIO, TX. – 6th December, 2024 – Recently, Frost & Sullivan researched the cybersecurity services industry and, based on its findings, recognized Singtel with the 2024 Singapore Company of the Year Award. The company is a leading telecommunications technology company that is revolutionizing its industry with game-changing products and services. Its expansive portfolio entails many offerings (e.g., business 5G, connectivity, IoT, satellite services, cybersecurity, mobility, cloud, data center services, and next-generation managed services), demonstrating technological versatility and wide applicability. Singtel employs a growth-driven business approach that incorporates integrity, customer-centricity, teamwork, innovation, and community ownership as the core of its operations. The company’s pioneering strategies generate high value and impact, sustaining a massive base of 4.6 million mobile and 700,000 broadband customers in Singapore. As a managed security service provider, Singtel gives organizations access to a diverse pool of cybersecurity experts and a comprehensive cybersecurity services portfolio, enabling them to monitor, manage, and mitigate security weaknesses.

    Singtel aligns its operations with its net-zero goals, adopting green best practices, improving its infrastructure, and leveraging novel technologies to minimize its carbon footprint. The company proves its dedication to environmental wellness by broadly deploying solar photovoltaic panels across its facilities in Singapore. The company helps customers, including small and medium-sized enterprises, enhance their digital and analytics capabilities while expanding their businesses. Furthermore, with its services’ automation and digitalization increasing, Singtel empowers over 100,000 enterprise customers to explore new products, monitor performance, and supervise their networks. The company’s cybersecurity professionals conduct 24/7/365 monitoring at its state-of-the-art Security Operations Center (SOC), one of Asia-Pacific’s most innovative facilities. As an end-to-end platform, the SOC offers extensive telecommunications and security services, ensuring complete security (including primary monitoring, identification, and remediation) throughout the incident life cycle. Additionally, Singtel’s executive and operations dashboard features and threat intel feeds boost customer outcomes. The company’s enhanced Singtel CUBΣ network solutions and services suite now includes Managed Secure Access Service Edge (SASE) services, artificial intelligence-driven Algo-Routing services, and 5G network slicing-powered Enterprise Mobile Protect, further cementing its leading position.

    Iqra Azam, best practices research analyst for Frost & Sullivan, observed, “Singtel’s network advantage, proficiency in environment-friendly solutions, and rich partner ecosystem enable it to support customers’ sustainability initiatives through cloud-powered security and a zero-carbon footprint. Beyond being a service provider, Singtel integrates operationally into its customers’ systems, helping them achieve desired results through a synergistic approach.”

    Singtel’s relentless focus on talent development and retention through purposeful initiatives and collaborations further strengthens its competitive differentiation. Its ability to persistently facilitate outstanding customer value despite the transitioning trends and demands demonstrates strategic foresight and agility. Singtel takes its distinctiveness to another level with its managed security platform, which incorporates secure configuration and device management and maintenance to ensure compliance and protection against attacks, such as distributed denial-of-service. Singtel’s unrivaled cloud security and consultation services and solutions empower a safe and successful cloud transformation strategy for customers, providing greater visibility, control, and confidence. Realizing that robust cloud security mandates resources, expertise, and time, Singtel integrates network and security into one solution to deliver comprehensive, cloud-native security services. The company outpaces other market players with its exceptional service excellence and customer benefits (e.g., cost optimization).

    Vivien Pua, industry analyst for Cybersecurity at Frost & Sullivan, observed, “Singtel’s cybersecurity team entails top-notch specialists, adding to its unique value proposition. Its unsurpassed cloud security and consultation services and solutions enable a safe and successful cloud transformation strategy for customers. Furthermore, the company’s game-changing network-based security services include many solutions, demonstrating versatility and broad applicability.” With its strong overall performance, Singtel earns Frost & Sullivan’s 2024 Singapore Company of the Year Award in the cybersecurity services industry.

    Each year, Frost & Sullivan presents a Company of the Year award to the organization that demonstrates excellence in growth strategy and implementation in its field. The award recognizes a high degree of innovation with products and technologies and the resulting leadership in customer value and market penetration.

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

    The post Singtel Recognized by Frost & Sullivan for Offering Enterprises Market-leading Holistic Protection Against Emerging Threats appeared first on Frost & Sullivan.

    ]]>
    Generative AI in Business: Taking Advantage of the Changing AI Ecosystem https://www.frost.com/growth-opportunity-news/information-communications-technology/artificial-intelligence-data-analytics/generative-ai-in-business-taking-advantage-of-the-changing-ai-ecosystem-tjstory-cim-rg/ Wed, 04 Dec 2024 18:40:50 +0000 https://www.frost.com/?p=22993690 The post Generative AI in Business: Taking Advantage of the Changing AI Ecosystem appeared first on Frost & Sullivan.

    ]]>

    Generative artificial intelligence (GenAI) is spurring drastic change in the global business landscape. Now, next-generation AI models, tools, and frameworks are transforming how organizations operate, approach decision making, assess risks, and deliver customer value. Consequently, businesses are seeking out sophisticated AI platforms that turn theoretical concepts into practical applications with real-world impact. Across industries like banking, financial services, insurance, marketing, manufacturing, and healthcare, AI in business is helping create new revenue streams, automate repetitive tasks, catalyze product innovation, and personalize customer experience (CX).

    Which Disruptive Technologies Underpin GenAI Success?

    • AI: Algorithms that replicate human intelligence to categorize datasets and solve complex problems.
    • Machine Learning: Technologies that train computer systems to recognize patterns and make data-driven decisions, without the need for programming.
    • Deep Learning: Foundational models/neural networks with multiple layers that gauge patterns in datasets to enable sequential decision-making.
    • Large Language Models (LLMs): Algorithms trained on vast text data points to enable natural language understanding and generation.

    To read on about related technologies and best practices in the dynamic GenAI ecosystem, click here.

    Decoding the GenAI Landscape: Key Stakeholders and Ecosystem Players

    Today, driven by emerging AI trends and disruptive technologies, the long-standing service provider ecosystem is also evolving. New entrants are stepping in, offering niche AI services and specialized AI tools tailored to various industries. Meanwhile, established tech giants and leaders in AI are enhancing their capabilities with cutting-edge inferencing and robust infrastructure. This in-turn is unlocking new partnership opportunities and business models, fundamentally changing how AI solutions are developed and delivered. Now, the global GenAI ecosystem is advancing, supported by the following provider categories:

    • System Integrators (SIs): Embedding GenAI into existing IT infrastructure and legacy systems by understanding enterprise architectures, developing innovative applications, simplifying solution delivery, and making AI models more accessible.

    Companies to Action: Accenture, Deloitte, Capgemini, and PwC.

    • Service Providers: Providing end-to-end AI solutions, data management services, and continuous support, thereby enabling businesses to transition from experimental phases to full-scale AI implementation. Additionally, these entities play a crucial role in setting up GenAI governance frameworks within organizations.

    Companies to Action: IBM, Google, Amazon Web Services (AWS), and Microsoft.

    • Foundational Model Providers: Building LLMs with a focus on factual accuracy, reasoning, safety, and customization, thus establishing a strong foundation for future GenAI applications. Effective data acquisition and categorization are critical components of this process.

    Companies to Action: Google, Anthropic, OpenAI, Meta, and Mistral.

    • Platform Vendors: Facilitating end-to-end GenAI model management — from training and selection to integration, deployment, and ongoing monitoring. These providers offer pre-trained model libraries, tailor existing models, and develop turnkey solutions to address specific customer needs.

    Companies to Action: Databricks, Snowflake, Cloudera, Katonic, and Labelbox.

    • Hardware Providers: Supplying the underlying computing infrastructure that support GenAI workloads, including tensor processing units (TPUs), graphics processing units (GPUs), AI accelerators, and application-specific integrated circuits (ASICs), all designed to facilitate efficient training and inference.

    Companies to Action: Nvidia, AMD, Intel, and Google.

    Which strategic partnerships and collaborations will help your organization take the next steps on your AI journey?

    Understanding the Impact of Emerging AI Trends on the GenAI Ecosystem

    Moving along into the future of AI, new developments in LLM technologies and improvements in AI training are pushing the boundaries of what GenAI can create in terms of text, images, synthetic data, code, and even videos. Moreover, AI services are expanding with breakthroughs in AI data analytics and computational power. Additionally, the rise of verticalized models/algorithms that focus on specific industries or tasks are unleashing diverse AI applications. Amid these headwinds, the following trends are urging technology providers to pivot their growth strategies to stay competitive:

    • The Rise of Small Language Models (SLMs): SLMs are gaining popularity for their efficiency in handling simpler enterprise tasks with limited data. These are helping industry incumbents deliver easy customization, cost savings, faster training, and the ability to perform complex linguistic analysis with minimal resources.

    Provider Implications: Maintaining high-quality datasets and fostering in-house capabilities for SLM customization.

    • LLM Parallelization: Enterprises are leveraging multiple LLMs simultaneously to enhance model accuracy, streamline tasks, and reduce AI hallucinations. This is powering innovative GenAI applications like multilingual content generation, financial analysis, and automated customer support.

    Provider Implications: Transitioning from single LLMs through pipeline, ensemble, and hierarchical growth strategies.

    • Integration with Enterprise Applications: GenAI is maturing from isolated, stand-alone applications, to become a seamlessly embedded solution that enhances multiple enterprise systems. This allows workflow automation across critical functions like operations, finance, sales, and human resources.

    Provider Implications: Accelerating investments in Application Programming Interface (API)-based integrations, AI embedding, custom-built solutions, and cloud-based AI functionalities.

    • AI Trust and Safety: The enterprise threat landscape is growing increasingly complex with the rise of prompt injection, data poisoning, deepfakes, synthetic media, social engineering, and data phishing. This has amplified the focus on responsible and ethical AI practices.

    Provider Implications: Prioritizing data security, automated threat detection and response, effective governance/ risk/compliance monitoring, and explainability tools.

    For a deep dive into growth opportunities, latest AI trends, leading providers, and best practices, click here.

    As the GenAI revolution reshapes the business world, the question is no longer if AI will transform your industry, but how it will do so, and what will enable your teams to harness its benefits. Moreover, embracing this transformation requires proactive strategies, continuous innovation, robust data infrastructure, upskilling technical teams, and a commitment to AI governance. The question is – How will you equip your teams to take advantage of the evolving AI ecosystem and capitalize on emerging AI trends?

    About Frost & Sullivan

    Frost & Sullivan, the growth pipeline company, enables clients to accelerate growth and achieve best-in-class industry positioning in terms of innovation and leadership. The company’s ‘Growth Pipeline-as-a-Service’ provides corporate management teams with transformational strategies and best-practice models that catalyze growth opportunity generation, evaluation, and implementation. Let us coach you on your transformational journey, while we actively support you in fostering collaborative initiatives within the global AI and GenAI ecosystem. This journey is fueled by four powerful components, ensuring your success in navigating dynamic business and industry landscapes. 

    • Schedule a Growth Dialog with our team to dive deeper into transformational strategies and explore specific needs within your company. 
    • Become a Frost Growth Expert in your area of specialization and share your expertise and passion with the community through our think tanks.
    • Join Frost & Sullivan’s Growth Council and become an integral member of a dynamic community focused on identifying growth opportunities and addressing critical challenges that influence industries.
    • Designate your company as a Companies to Action to maximize your exposure to investors, new M&A opportunities, and other growth prospects.

    The post Generative AI in Business: Taking Advantage of the Changing AI Ecosystem appeared first on Frost & Sullivan.

    ]]>
    Frost Radar™: Competitive Benchmarking of Digital Experience Platforms for Optimized Customer Engagement https://www.frost.com/growth-opportunity-news/frost-radar-competitive-benchmarking-of-digital-experience-platforms-for-optimized-customer-engagement-tjstory-cim-rg/ Tue, 03 Dec 2024 18:38:12 +0000 https://www.frost.com/?p=22993677 The post Frost Radar™: Competitive Benchmarking of Digital Experience Platforms for Optimized Customer Engagement appeared first on Frost & Sullivan.

    ]]>

    A Snapshot of the DXP Industry

    • 2023 Revenue$12.5 billion.
    • Future Growth Rateover 12%
    • Number of Competitors– 50+
    • Companies to ActionAcquia, Adobe, Bloomreach, Contentful, Contentstack, HCLSoftware, Liferay, OpenText, Optimizely, Progress, Sitecore, and Squiz.
    • Growth DriversDigital Transformation, Advancing Connectivity Networks, and the Adoption of Digital Content Services.
    • Growth Barriers– Rising Inflation Rates, Legacy Systems, and Macroeconomic Uncertainty.

    To read on about provider strategies and emerging technologies in the DXP industry, click here.

    In an era where superior customer experience (CX) cements competitive differentiation and defines industry leaders, digital experience platforms (DXPs) are emerging as essential tools for growth.
    Today, the proliferation of communication channels like, social media, dynamic websites, apps, chatbots, and eCommerce sites is widening the spectrum of customer touchpoints. This in turn is rendering traditional content management systems (CMSs) and distribution platforms obsolete. As a result, businesses are grappling to optimize digital customer engagement, improve client satisfaction, and maximize customer retention rates. This implies that the pressure on providers to deliver well-orchestrated, omnichannel customer support has intensified.

     

    Going forward, successful customer engagement ideas and strategies will require providers to showcase advanced technology skills, offer personalized CX, improve multichannel content management, deliver composable tools, and automate performance tracking in DXPs. Moreover, seamless integration with third-party applications will aid in eliminating the inefficiencies associated with disparate tools for customer interaction – Which DXPs will enable your teams to streamline digital experience management across all phases of the customer journey?

     

    Provider Advantage: Capitalizing on Emerging Opportunities in the DXP Ecosystem

    To help technology companies and CX providers develop long-term growth strategies in the evolving DXP industry, Frost & Sullivan conducted a comprehensive industry analysis. This explored growth and innovation strategies of 12 leading DXP providers. The goal was to uncover new approaches for driving multilevel competitive advantages in DXP. Using 10 qualitative and quantitative parameters, this tool assessed companies across 2 key indices, thereby uncovering the following opportunities for DXP differentiation:

     

    • Leveraging AI, machine learning (ML), large language models (LLMs), and generative AI (GenAI) to automate digital experience workflows, accelerate content distribution, deliver personalized experiences, and improve solution compliance/security.

    Frost RadarTM: Two Indices. Ten Analytical Algorithms. One Platform.

    • Growth Index – Measuring DXP market share, revenue growth, provider vision/strategy, growth pipelines, and sales/marketing effectiveness.
    • Innovation Index – Measuring innovation scalability, R&D strategies, product portfolio strength, megatrend leverage, and customer alignment across the DXP ecosystem.

    For personalized DXP strategies customized for your organization, schedule a discussion with our growth experts here.

    • Focusing on service and solution expansion in regions like the Asia Pacific, Middle East, and Latin America for strategic entry into new geographies.
    • Investing in immersive technologies under the extended reality (XR) umbrella – virtual reality (VR), augmented reality (AR), and mixed reality (MR) – to capitalize on advancements in Web3 and the metaverse, while optimizing omnichannel customer interactions.

    Are you equipped to evaluate different technology strategies and growth processes that will help strengthen your organization’s DXP portfolio?

    Customer Advantage: Identifying and Implementing DXP Best Practices

    As businesses increasingly transition to the digital ecosystem and seek superior digital experience management technologies, the number of DXP providers continues to grow. With so many options available, competitive benchmarking becomes essential for both customers and enterprises. It helps identify the strengths and weaknesses of different DXP solutions, enabling organizations to select the provider that best aligns with their strategic goals and specifications. Now, the following best practices emerge as vital growth accelerators:

    • Implementing verticalized DXP solutions that address industry-specific workflow requirements with personalized tools. These should also offer seamless integration across multiple customer touchpoints and provide centralized, easy-to-use platforms.
    • Focusing on low-code/no-code solutions with user-friendly interfaces that enhance the experience for non-technical employees. These should also help organizations foster internal collaboration and streamline workflows to improve efficiency.
    • Seeking modular, scalable, adaptable, and flexible solutions that provide composable DXP stacks, enabling easy integration and compatibility with third-party applications, technologies, and tools.
    • Addressing rising concerns about user privacy, compliance, and security before integrating new DXP tools into existing workflows.

    Which strategic partnerships and collaborations will you prioritize to implement these best practices?

    In conclusion, the digital experience platform landscape is rapidly evolving, and businesses must adapt equally fast to stay competitive. Further, the growing demand for personalized, omnichannel experiences highlights the need for advanced technologies like AI, ML, and GenAI within the provider ecosystem. Now, companies must carefully evaluate their DXP options to better plan, manage, measure, and optimize omnichannel customer interactions.

    For a deep dive into growth opportunities, provider strategies, and emerging technologies in the DXP space, click here.

    About Frost & Sullivan

    Frost & Sullivan, the growth pipeline company, enables clients to accelerate growth and achieve best-in-class industry positioning in terms of innovation and leadership. The company’s ‘Growth Pipeline-as-a-Service’ provides corporate management teams with transformational strategies and best-practice models that catalyze growth opportunity generation, evaluation, and implementation. Let us coach you on your transformational journey, while we actively support you in fostering collaborative initiatives within the global digital content services ecosystem. This journey is fueled by four powerful components, ensuring your success in navigating dynamic business and industry landscapes.

    • Schedule a Growth Dialog with our team to dive deeper into transformational strategies and explore specific needs within your company. 
    • Become a Frost Growth Expert in your area of specialization and share your expertise and passion with the community through our think tanks.
    • Join Frost & Sullivan’s Growth Council and become an integral member of a dynamic community focused on identifying growth opportunities and addressing critical challenges that influence industries.
    • Designate your company as a Companies to Action to maximize your exposure to investors, new M&A opportunities, and other growth prospects.

    The post Frost Radar™: Competitive Benchmarking of Digital Experience Platforms for Optimized Customer Engagement appeared first on Frost & Sullivan.

    ]]>
    Building the Future of Digital Construction Management Through AI, BIM, Sustainability, and Workforce in Construction https://www.frost.com/growth-opportunity-news/energy-environment/homes-buildings/building-the-future-of-digital-construction-management-through-ai-bim-sustainability-and-workforce-in-construction/ Mon, 02 Dec 2024 16:56:53 +0000 https://www.frost.com/?p=22993665 Movers & Shakers Interview with Wyatt Jenkins, Chief Product Officer, Procore Technologies Read our Movers & Shakers interview between Anirudh Bhaskaran, Industry Principal, Energy & Environment, Frost & Sullivan and Wyatt Jenkins, Chief Product Officer, Procore Technologies. The insightful conversation delves into understanding some of the key challenges prevailing in the construction industry, AI-driven innovation, […]

    The post Building the Future of Digital Construction Management Through AI, BIM, Sustainability, and Workforce in Construction appeared first on Frost & Sullivan.

    ]]>
    Movers & Shakers Interview with Wyatt Jenkins, Chief Product Officer, Procore Technologies

    Read our Movers & Shakers interview between Anirudh Bhaskaran, Industry Principal, Energy & Environment, Frost & Sullivan and Wyatt Jenkins, Chief Product Officer, Procore Technologies. The insightful conversation delves into understanding some of the key challenges prevailing in the construction industry, AI-driven innovation, cybersecurity measures, BIM and digital twin, the criticality of sustainability and how Procore is positioned to capitalise on the growth opportunities and lead the transformation in the construction industry.

    This discussion took place during Procore’s GROUNDBREAK 2024 event, held on November 20-21 in the Colorado Convention Centre, Denver. Anirudh Bhaskaran had the privilege of interviewing Wyatt Jenkins, exploring the key challenges, ongoing innovations and future transformations shaping the construction industry.

    Anirudh Bhaskaran: What are the industry’s biggest challenges facing the adoption of digital construction management, and how is Procore addressing these challenges for its customers?

    Wyatt Jenkins: The labour shortage remains the construction industry’s most pressing challenge, and it is a multifaceted issue. Beyond the scarcity of field labour, one critical aspect is the loss of institutional knowledge as experienced builders retire. These seasoned professionals—such as superintendents who have overseen the construction of numerous data centres—carry invaluable expertise about successes, failures, and best practices. Unfortunately, when they leave the workforce, much of this critical knowledge is left with them.

    This creates a scenario where the next generation of project managers or superintendents, often less experienced, must navigate projects without the benefit of that hard-earned wisdom. The result is inefficiency and the potential to repeat past mistakes.

    At Procore, we recognize this dual challenge: addressing both the shortage of labour on the ground and the experience gap caused by retiring professionals. That is why we have made capturing, retaining, and sharing institutional knowledge a cornerstone of our platform.

    Procore’s vision centres on data-driven solutions, enabling teams to document lessons learned, track project changes, and store key insights within the platform. By embedding this knowledge directly into workflows, we ensure that it is accessible to the next generation of builders, regardless of their level of experience. This means new project managers or superintendents can rely on data rather than solely on the availability of a veteran mentor.

    Through Procore, construction teams can build smarter and more efficiently, leveraging the collective intelligence of past projects to tackle future challenges with confidence. It is about empowering the industry to adapt and thrive, despite the ongoing labour shortage.

    Anirudh Bhaskaran: I am aware that Procore has already integrated Generative AI within its portfolio through Procore Copilot AI. What do you think is the natural progression of AI that you aim to use in your portfolio in the next 3 to 5 years?

    Wyatt Jenkins: At Procore, we have been working with AI for nearly a decade now, applying various forms of artificial intelligence across our platform. For example, we have been using computer vision for several years in use cases like flying drones around construction sites to capture images, or analyzing drawings to extract data needed for takeoff estimations. This technology has been a core part of how we improve project workflows and gather insights.

    We have also implemented predictive analytics, which is another form of AI. For instance, when document controllers upload new documents, we can automatically classify them based on patterns seen in prior documents. We have built insight cards that pop up with predictive suggestions, such as flagging documents that are 20% longer than those in previous projects, prompting the team to investigate why that is happening. This is all powered by predictive analytics, where past data is analyzed by algorithms to inform future predictions, making operations more proactive and efficient.

    Another area we have focused on is Natural Language Processing (NLP), where we have been able to process large volumes of text to summarize content and help users quickly find the information they need—saving time and improving efficiency across the board.

    However, what is changing the game now is Large Language Models (LLMs) and generative AI. There is no future roadmap at Procore that doesn’t include LLMs and agent-based architectures. These AI agents will play a huge role in the future of construction management. For instance, within Procore, users can now use Procore Copilot, which leverages LLMs to explore construction documents and respond to questions. You can ask Copilot specific questions—like “Can this pipe support the weight?”—and it will pull the relevant information from the specifications, helping workers make real-time decisions on the job site.

    The impact of LLMs in construction is huge. Right now, teams on job sites spend a lot of time searching for answers to specific questions, such as design specifications or material requirements. With LLMs, construction professionals can simply ask a question and get an immediate, accurate response from the data. This is a perfect example of how LLMs can supercharge Q&A within the construction framework—making complex data instantly accessible and actionable.

    To put it into perspective, I once ran a search engine for Shutterstock, where we had 60 engineers building complex ranking algorithms just to serve the right images when a user searched for them. Today, with the power of LLMs, one engineer could accomplish the same task in an afternoon. What once required a massive engineering effort now takes just a fraction of the time and resources.

    In construction, the application of LLMs will be particularly impactful because they can be tailored to specific project types, trades, and companies. The focus here is on specialized use cases—not just generative AI, which can be cool but not transformative. The way LLMs will revolutionize construction is by making specialized knowledge easily accessible, automating tasks, and allowing teams to make better decisions faster.

    At Procore, we believe that these AI advancements will be a game-changer for construction—unlocking efficiencies, improving project outcomes, and driving the industry toward a more connected and intelligent future. We are excited to continue exploring the potential of LLMs and generative AI, helping our customers build smarter and more effectively.

    Anirudh Bhaskaran: What other emerging technologies (AR/VR, digital twin, reality capture etc.) do you see having the biggest impact on digital construction management in the next five years, and how is Procore positioned to integrate these technologies within its portfolio?

    Wyatt Jenkins: We are making significant investments in BIM right now. We have a range of exciting new BIM partnerships that we will be announcing soon. We are working closely with some of the world’s leading builders and owners, and we are addressing their critical BIM needs at scale.

    When we talk about BIM, there are a couple of key aspects we are focused on. First, there’s BIM in the field—a crucial part of the equation. BIM in the field allows teams to compare the real-world construction environment to the digital model, identifying discrepancies between what is supposed to happen and what is happening. One example is our use of augmented reality (AR) to overlay the BIM model onto the physical construction site, enabling workers to make assessments in real time. This is a powerful tool for enhancing accuracy and efficiency on the job site, and we are committed to continuing to develop a robust field-first BIM solution for our customers.

    But BIM is not just about the model itself—it is about the data inside the model. For us, BIM represents the richest source of data in a construction project. Every asset, every component, and the full history of each item are stored within the model. When we talk about creating a digital twin, that is exactly what we are referring to a digital replica of the building that contains not only the model but also all of the critical data about every asset in the building. This includes installation dates, maintenance history, replacement parts, and more. The goal is to provide owners and facility managers with comprehensive, real-time access to every piece of information about their building, from construction to long-term operations.

    We have already begun working on this with various partners, and we are continuing to collaborate with the best in the industry to make digital twins a reality. Digital twins are not just about visualizing a building; they are about providing owners with rich, actionable data that tells the full story of each asset. For instance, when an owner looks at an air handling unit in the digital twin, they should have access to the model data along with the full history of that asset—such as when it was installed, any maintenance events, parts replacements, or issues encountered during construction. This historical data adds tremendous value to the digital twin, enabling better long-term management and decision-making.

    Ultimately, we see digital twins as an essential output that helps owners and facility managers understand their buildings at a deeper level. By combining the model data with asset history, Procore aims to provide the most complete, accurate, and useful picture of a building’s life cycle. We are excited about the role we will play in enabling digital twins and supporting the next generation of data-driven construction and building management.

    Anirudh Bhaskaran: How is Procore defending itself and its customers from the impending and sophisticated cyber-attacks that are growing in numbers day by day?

    Wyatt Jenkins: At Procore, we take cybersecurity very seriously, and we have built a large, dedicated security team to ensure the protection of our platform and the data of our customers. We are committed to adhering to the highest global compliance standards because we work with governments and organizations worldwide that require stringent security protocols.

    One of the key steps we are taking to enhance our security posture is our focus on FedRAMP compliance, which is a critical certification for cloud services used by the U.S. Federal Government. We recently announced our entry into the FedRAMP marketplace, and this is just one example of how we’re expanding our security capabilities to meet the evolving needs of our customers. We are excited to bring more secure, compliant solutions to the construction industry.

    To ensure data security across different regions, we have implemented a zone strategy that provides highly secure and localized environments for our customers. Our platform is built within a secure global zone, and we are launching regional zones to better serve the needs of our customers in various parts of the world. For example, we have already launched a UK zone where all data is stored and processed within the UK, ensuring full compliance with local data protection laws. Similarly, we are launching zones in Australia and other regions to support our global customer base.

    Additionally, we are rolling out secure zones for FedRAMP, ensuring that we meet the rigorous security requirements for U.S. government agencies. These secure zones help meet the security and compliance needs of our customers across different regions and industries.

    With our robust zone infrastructure, we are creating flexible and secure environments that cater to the specific needs of our diverse customer base, whether they are working on a construction project in the U.S., Europe, or Asia. This enables us to offer tailored, secure solutions while maintaining the highest standards of data privacy and protection.

    At Procore, our commitment to security is unwavering, and we will continue to invest in and evolve our security practices to ensure our platform remains a trusted, secure tool for construction professionals around the world.

    Anirudh Bhaskaran: Sustainability is becoming a critical priority in the construction industry as we face increasing environmental challenges. What specific features does Procore have to help its customers and partners reduce their environmental impact through technology? For example, are there features in development to track carbon emissions, optimize material usage, or promote energy efficiency on job sites? How does Procore envision its platform contributing to more sustainable construction practices over the long term?

    Wyatt Jenkins: We are committed to supporting the construction industry’s growing focus on sustainability. One of the most significant features we have recently launched is Resource Management and material tracking. This new capability allows our customers to accurately track the materials they use on projects, including important data on the sustainability of those materials. By providing visibility into how materials are used and their environmental impact, we enable companies to make more informed choices and reduce their carbon footprint.

    CO2 tracking is a key part of sustainability, but we also understand that the focus should extend beyond emissions to include material sourcing. The sustainability of the materials themselves is a critical factor, and our material tracking features are designed to give customers the insights they need to manage that effectively.

    Looking ahead, we have discussed expanding our platform to support sustainability optimization, such as resource optimization and resource efficiency. While these features are not coming in the immediate future, they are part of our longer-term roadmap. In the meantime, many of our partner solutions already integrate with Procore to provide these kinds of optimization services, using our data to help drive sustainability efforts on projects.

    For now, our focus is on ensuring that labour, equipment, and material tracking work seamlessly together and that these systems are fully integrated with project schedules. This allows us to provide data-driven recommendations to help teams optimize their resources and improve project efficiency, with sustainability at the core of the decision-making process.

    Anirudh Bhaskaran: Can you share your vision for the construction management industry in the next decade and how Procore plans to lead that transformation?

    Wyatt Jenkins: We see the future of the construction management industry centred around empowering builders with real-time data to make better decisions on-site. We believe that providing teams with immediate access to accurate, actionable information will be the biggest driver of efficiency in construction over the next decade. By putting data directly into the hands of those who are building, we can transform the way projects are managed, helping teams solve problems as they arise and make smarter, more informed decisions on the fly.

    A key part of our vision is recognizing the unique nature of construction projects—each one is essentially the creation of a new team. Every time a project is initiated, it involves bringing together a group of people who may have never worked together before. Once the project ends, that team disbands, and a new one forms for the next project. Our challenge is how to capture the rich history of each project and ensure that the knowledge gained is not lost. By doing so, we can provide future teams with the collective lessons learned from thousands of previous projects—enabling them to avoid the same mistakes and be more successful from day one. This ability to leverage historical data and insights will be a powerful tool for driving construction forward.

    Over the next decade, we also see the way people interact with software fundamentally changing. As we have seen with the rise of AI and voice-activated tools, the way workers interact with technology on-site will become more intuitive and efficient. We know that construction sites can be challenging environments—there are safety gear requirements, weather conditions, and limited time for complex interactions with software. That is why voice interaction and passive data collection will play a crucial role in the future. For example, imagine a scenario where a worker simply speaks a question, such as “Procore, give me a report on all submittals overdue by more than six days,” and the system instantly generates the relevant report. In addition, AI-powered tools will help predict trends, such as the propensity for incoming submittals to be delayed, eliminating the need for manual data analysis like pivot tables.

    We are also investing heavily in passive data collection through partnerships with companies that use drones, robots, and 360-degree cameras to capture data automatically. By collecting data in real-time through these technologies, we will provide a complete view of the construction process without burdening the workers with additional tasks. This data will then be integrated into our platform, giving project teams valuable insights into what worked and what did not, ensuring that future teams have the tools they need to succeed without reinventing the wheel each time.

    Ultimately, our vision for the next decade is where construction projects to become smarter, faster, and more efficient through the power of data, automation, and intuitive software. By connecting teams to the history of past projects, using advanced technology to improve the way we interact with software, and enabling more effective decision-making on-site, Procore is leading the way in shaping the future of construction management.

    The post Building the Future of Digital Construction Management Through AI, BIM, Sustainability, and Workforce in Construction appeared first on Frost & Sullivan.

    ]]>
    Bushu Pharma Applauded by Frost & Sullivan for Offering Customer Value in APAC CDMO Industry Through Consistent Quality Assurance, On-time Delivery, Sustainability, and Competitive Costs https://www.frost.com/news/press-releases/bushu-pharma-applauded-by-frost-sullivan-for-offering-customer-value-in-apac-cdmo-industry-through-consistent-quality-assurance-on-time-delivery-sustainability-and-competitive-costs/ Mon, 02 Dec 2024 03:36:36 +0000 https://www.frost.com/?p=22993662 Bushu Pharma’s ongoing investments and efforts offer customers state-of-the-art capabilities, increased capacity, and innovative solutions, providing top-tier pharmaceutical manufacturing and supply chain management services.

    The post Bushu Pharma Applauded by Frost & Sullivan for Offering Customer Value in APAC CDMO Industry Through Consistent Quality Assurance, On-time Delivery, Sustainability, and Competitive Costs appeared first on Frost & Sullivan.

    ]]>
    SAN ANTONIO, TX. – 2 December, 2024 – Frost & Sullivan researched the contract development and manufacturing organization industry and, based on its analysis, recognizes Bushu Pharmaceuticals (Pharma) with the 2024 APAC Customer Value Leadership Award. The company is a premier contract development and manufacturing organization (CDMO) of pharmaceuticals and medical devices. Renowned for its comprehensive services spanning development to distribution, the company has established itself as a market leader through a strong track record of delivering safe, high-quality products on time and cost-effectively. It leveraged deep domain knowledge, extensive experience, and Good Manufacturing Practices (GMP) certifications from major international regulatory agencies (e.g., United States Food and Drug Administration [FDA], European Medicines Agency, and Pharmaceuticals, and Medical Devices Agency), to establish its robust global presence and supply medicinal products to 56 countries.

    Bushu Pharma offers comprehensive services and cutting-edge capabilities to support customers across the product lifecycle, including development, manufacturing, packaging, quality control, regulatory compliance, and supply chain management. The company utilizes its advanced and wide-ranging manufacturing capabilities, extensive specialized facilities, and highly skilled workforce to produce a broad spectrum of pharmaceutical products, ranging from small molecule drugs to complex biologics (including high potency and sterile products). Bushu Pharma excels in managing complex processes, such as product testing and technical transfer (i.e., it ensures consistency, quality, and regulatory compliance when transferring analytical methods, validation processes, and manufacturing procedures from a client’s site to its facilities). Its unmatched capabilities ensure consistent delivery of exceptional quality assurance, on-time delivery, and competitive costs, establishing it as a preferred partner in APAC. Bushu Pharma continues to invest in the latest technologies, introducing automated guided forklifts and humanoid dual-arm collaborative robots to enhance efficiency, boost productivity, and ensure high safety and quality standards.

    Rubini Kamal, best practices research analyst at Frost & Sullivan, observed, “Bushu Pharma’s strategic focus on forging partnerships addresses critical challenges with drug availability and market entry, enhancing its offerings while bridging market gaps and improving healthcare accessibility.”

    Bushu Pharma prioritizes operational excellence and stringent quality control, establishing itself as a secure, trusted manufacturer in the pharmaceutical space. The Bushu Continuity Plan, a resilient and sustainable business system, operates effectively during large-scale disasters and pandemic conditions to ensure continuous production and supply of pharmaceutical products to patients worldwide. Bushu Pharma’s facilities, which have temperature and security monitoring systems, ensure that pharmaceutical products are stored and handled optimally to preserve their efficacy and safety. Real-time monitoring also enhances security measures, preventing unauthorized access and safeguarding sensitive materials. Bushu Pharma enhances customer value through robust environmental sustainability measures, including implementing LED lighting with motion sensors, installing solar panels, transitioning to renewable energy, monitoring wastewater quality, and adopting paper trays and biomass films for packaging at its factories. Bushu Pharma’s ongoing commitment to retaining customer trust and delivering value is evident in its global client base of over 95 commercial clients, with 50% of them coming from foreign-affiliated clients. Its steadfast commitment to enhancing services, technologies, and expertise positions Bushu Pharma to lead the CDMO sector into its next growth phase, capturing market share and maintaining its leadership in the years to come.

    “Bushu Pharma’s innovative GATEWAY to ASIA services streamline market entry for international clients, while strategic partnerships facilitate efficient product distribution and address regional challenges. The company significantly shortens lead times for entering the Asian market, maintains lean inventory levels, and reduces logistics costs and carbon emissions for global pharmaceutical companies compared to traditional supply chains,” added Kamal. Bushu Pharma’s commitment to operational excellence, environmental sustainability, and employee engagement solidifies its reputation as a trusted and reliable partner. With its strong overall performance, Bushu Pharma earns Frost & Sullivan’s 2024 APAC Customer Value Leadership Award in the contract development and manufacturing organization industry.

    Each year, Frost & Sullivan presents this award to the company that has demonstrated excellence in implementing strategies that proactively create value for its customers with a focus on improving the return on the investment that customers make in its services or products. The award recognizes the company’s unique focus on augmenting the value that its customers receive, beyond simply good customer service, leading to improved customer retention and customer base expansion.

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

    The post Bushu Pharma Applauded by Frost & Sullivan for Offering Customer Value in APAC CDMO Industry Through Consistent Quality Assurance, On-time Delivery, Sustainability, and Competitive Costs appeared first on Frost & Sullivan.

    ]]>
    Immune-Oncology Innovations: The Future of Cancer Treatment with ICIs, CAR-T, and CAR-NK Cell Therapies https://www.frost.com/news/press-releases/healthcare-press-releases/immune-oncology-innovations-the-future-of-cancer-treatment-with-icis-car-t-and-car-nk-cell-therapies-tjstory-cim-sg/ Fri, 29 Nov 2024 14:02:12 +0000 https://www.frost.com/?p=22993655 The post Immune-Oncology Innovations: The Future of Cancer Treatment with ICIs, CAR-T, and CAR-NK Cell Therapies appeared first on Frost & Sullivan.

    ]]>
    The landscape of immune-oncology (I-O) is rapidly evolving, driven by groundbreaking innovations in cell therapies and immune checkpoint inhibitors (ICIs). As the leading class of I-O agents, ICIs continue to be a foundational treatment for various cancers, while emerging therapies like Chimeric Antigen Receptor T (CAR-T) and Natural Killer (NK) cells are offering new avenues for targeted and more effective treatments. The industry is witnessing an unprecedented surge in transactions, with companies focusing on expanding and diversifying their I-O portfolios to include promising candidates across clinical stages. These advancements are setting the stage for a transformative shift in oncology care, with cutting-edge approaches such as targeted antibodies, cancer vaccines, and cell therapies taking center stage in the fight against cancer.

    How can companies stay ahead in the fast-evolving immune-oncology landscape?

    Frost & Sullivan’s TechVision webinar series delved into the exciting domain of “Transforming Cancer Care: Cutting-Edge Innovations in Immuno-Oncology.This engaging discussion yielded pivotal contributions that are shaping the future of the industry, thanks to the collaborative efforts of visionary experts.

    The following experts came together to share their transformative perspectives:

    • Sudeep Basu, Growth Expert & Senior Consulting Director, Frost & Sullivan
    • Vandana Iyer, Growth Expert & Research Director, Frost & Sullivan
    • Maloy Ghosh, Chief Scientific Officer, Zumutor Biologics Inc.

    Note: Gain valuable perspectives from these industry experts by clicking here to access the recorded session of the Think Tank.

    Here are the key takeaways from this insightful discussion:

    • Immune Checkpoint Inhibitors (ICIs): ICIs remain the cornerstone of I-O, with the most Food and Drug Administration (FDA)-approved drugs in this category. These agents are applicable across a wide range of cancers, including both solid and haematological malignancies.
    • CAR-T Cells: As the largest class in adoptive cell therapy, CAR-T cells are being engineered for greater precision, reduced toxicity, and durable anti-tumor responses. Advancements aim to address challenges like modulating the tumor microenvironment (TME), preventing antigen escape, and ensuring broader tumor applicability.
    • CAR-NK Cells: CAR-NK cells offer advantages over CAR-T cells, including better safety and faster action. However, challenges such as limited persistence, tumor infiltration, and resistance remain. NK92, a commonly used tumor cell line in CAR-NK trials, allows for easier ex vivo expansion and cost-effective manufacturing.
    • Surge in I-O Transactions: Since 2020, I-O transactions have more than tripled, making it the leading technology in oncology. The surge in deals continues into 2023-2024 as companies expand their I-O portfolios with therapies in various stages of clinical development.
    • Focus Areas for Innovation: Companies are diversifying their I-O portfolios with a focus on key therapies such as targeted antibodies (including antibody-drug conjugates [ADCs] and multi-specific antibodies), cell therapies, and cancer vaccines, aiming to drive the next wave of oncology innovation.

    The advancements discussed during this session underscore the transformative potential of immune-oncology therapies in reshaping cancer care. As immune checkpoint inhibitors, CAR-T cells, CAR-NK cells, and other cutting-edge treatments continue to evolve, the opportunities for breakthrough innovations in oncology are expanding. Industry players who stay at the forefront of these developments, particularly through strategic transactions and investments, will be well-positioned to drive future growth in this dynamic field.

    To dive deeper into these transformative ideas and stay ahead in this rapidly advancing field, access the recorded session here.

    “CAR-NK cells were initially overlooked in immunotherapy due to limited research compared to CAR-T cells, which were seen as the ‘silver bullet’ for tumor treatment. However, as we have come to understand, CAR-NK cells offer a unique advantage – they can be activated from the body’s own immune system and do not require MHC matching, making them ideal for allogeneic therapies. The challenge remains in effectively activating and maintaining these cells in vitro, ensuring they retain their potency when reintroduced into the body. Despite these hurdles, CAR-NK therapy holds immense potential in transforming cancer treatment.”

     

    Maloy Ghosh, Chief Scientific Officer, Zumutor Biologics Inc.

    The post Immune-Oncology Innovations: The Future of Cancer Treatment with ICIs, CAR-T, and CAR-NK Cell Therapies appeared first on Frost & Sullivan.

    ]]>
    Unlocking Innovations in Cardiometabolic Care: From GLP-1 Therapies to Multiomics https://www.frost.com/growth-opportunity-news/healthcare/precision-health/unlocking-innovations-in-cardiometabolic-care-from-glp-1-therapies-to-multiomics-tjstory-cim-sg/ Fri, 29 Nov 2024 13:30:11 +0000 https://www.frost.com/?p=22993643 The post Unlocking Innovations in Cardiometabolic Care: From GLP-1 Therapies to Multiomics appeared first on Frost & Sullivan.

    ]]>

    Life sciences companies are revolutionizing the management of cardiometabolic diseases through the integration of omics-based research, advanced therapies, and digital health solutions. This convergence has paved the way for innovative approaches that not only enhance patient outcomes but also reduce healthcare utilization and hospital readmissions. Emerging fields like metabolomics and microbiome analysis are driving breakthroughs in understanding disease mechanisms, identifying biomarkers, and developing targeted interventions. From microbiota modulation therapies to precision nutrition, these innovations are reshaping the cardiometabolic health landscape with personalized and sustainable solutions. As the demand for precision-driven innovations rises, so does the need for strategic partnerships to address unmet medical needs and create a holistic approach to wellness.

    Has your team identified the right opportunities in next-gen cardiometabolic solutions to drive growth and innovation?

    Frost & Sullivan’s Precision Health webinar series delved into the exciting domain of “Next-Generation Cardiometabolic Health: Strategic Partnerships for Precision-Driven Innovation. This engaging discussion yielded pivotal contributions that are shaping the future of the industry, thanks to the collaborative efforts of visionary experts.

    The following experts came together to share their transformative perspectives:

    • Unmesh Lal, Growth Coach & Research Director, Frost & Sullivan
    • Nadia Ahmad, Medical Director, Eli Lilly
    • Amit Shah, Chief Operating Officer, Virta Health
    • Dan Riskin, Chief Executive Officer, Verantos
    • Luke Twelves, Vice President, Medical, Lindus Health
    • Supriya Lala Kundu, Growth Expert & Industry Analyst, Frost & Sullivan

    Note: Gain valuable perspectives from these industry experts by clicking here to access the recorded session of the Think Tank.

    Here are the key takeaways from this insightful discussion:

    • Advancing Multiomics Research: Leveraging omics-based research, including metabolomics and microbiome analysis, is revolutionizing the understanding and treatment of cardiometabolic diseases. These tools enable the identification of biomarkers for diagnosing obesity, assessing metabolic health, and personalizing treatment approaches.
    • Microbiota Modulation Therapies: Emerging therapies such as probiotics and prebiotics are showing promise in improving glucose metabolism and insulin sensitivity in type II diabetes. These advancements underscore the potential of microbiota-targeted interventions to address multiple disease pathways.
    • The Rise of Precision Nutrition: Companies are harnessing genetic and biomarker insights to deliver tailored dietary recommendations that optimize macronutrient intake and bioactive compound usage, creating a personalized approach to managing cardiometabolic health.
    • Integration of Real-World Evidence (RWE): Incorporating RWE into clinical practice is becoming essential for customizing treatment plans. Insights derived from real-world data are pivotal in evaluating the efficacy and safety of precision-driven therapies and nutrition strategies.
    • Focus Beyond GLP-1 Therapies: While glucagon-like peptide 1(GLP-1)-based treatments are a cornerstone for managing cardiometabolic diseases, expanding innovation to address unmet needs remains critical. This includes exploring new mechanisms of action and targeting complex disease pathways.
    • Strategic Convergence of Life Sciences and Digital Health: The synergy between pharmacological therapies and digital health solutions is enhancing patient outcomes, improving adherence, and reducing healthcare utilization. These partnerships are pivotal in driving holistic care models.
    • Sustainability in Innovation: Companies are focusing on sustainable strategies that balance therapeutic interventions with nutritional solutions, ensuring comprehensive and long-term management of cardiometabolic conditions.

    The evolution of cardiometabolic care is being shaped by groundbreaking innovations in multiomics research, microbiota therapies, precision nutrition, and digital health solutions. These advancements are not only improving patient outcomes but also addressing the pressing need for personalized, sustainable, and comprehensive treatment strategies.

    As highlighted in Frost & Sullivan’s Precision Health webinar, collaboration among industry leaders and the integration of real-world evidence are key drivers in overcoming challenges and meeting unmet medical needs. By embracing these insights and fostering strategic partnerships, organizations can unlock new opportunities to revolutionize the future of cardiometabolic health.

    To dive deeper into these transformative ideas and stay ahead in this rapidly advancing field, access the recorded session here.

     

    “Patient centricity in clinical trials is undergoing a major shift. It’s no longer just about pharmacogenetics or phenotype; it’s about involving patients at the heart of trial design. By making trials more inclusive and using real-world data, wearables, and consumer insights, we can capture a broader range of outcomes—beyond just weight loss or blood pressure reduction. This holistic approach ensures that we target the right people with the right treatments, improving not just efficacy, but the relevance of clinical trials in real-world settings.”

     

    Luke Twelves, Vice President, Medical, Lindus Health

    The post Unlocking Innovations in Cardiometabolic Care: From GLP-1 Therapies to Multiomics appeared first on Frost & Sullivan.

    ]]>
    Innovation at the Edge: 8 Megatrends Influencing the Future of Private Multi-Access Edge Computing (MEC) https://www.frost.com/growth-opportunity-news/information-communications-technology/iot-edge/innovation-at-the-edge-8-megatrends-influencing-the-future-of-private-multi-access-edge-computing-mec-topsi-cim-rg/ Fri, 29 Nov 2024 12:31:05 +0000 https://www.frost.com/?p=22993633 The post Innovation at the Edge: 8 Megatrends Influencing the Future of Private Multi-Access Edge Computing (MEC) appeared first on Frost & Sullivan.

    ]]>

    The emergence of multi-access edge computing (MEC) is transforming the global telecommunications landscape by decentralizing infrastructure, and bringing advanced intelligence, processing, analytics, and communications closer to network endpoints and gateways. This shift is enabling real-time insights and responses, facilitating seamless service delivery, optimized network operations, and enhanced user experience, especially for mission-critical and latency-sensitive applications. Moreover, the convergence of MEC with AI, software-defined networking (SDN), 5G, Internet of Things (IoT), and mobile edge services is creating new opportunities that usher in the next wave of enterprise digital transformation.

    To know more about technology strategies, leading providers, and emerging growth opportunities in MEC, click here.

    As this evolution unfolds, the private MEC industry is poised to grow at a CAGR of 45% (from $5.09 billion in 2024 to $46.87 billion in 2029), backed by technical breakthroughs in autonomous mobility, retail, Industry 4.0, smart cities, telehealth, smart homes, and logistics. This implies that network operators looking to take advantage of MEC must help enterprises tackle adoption challenges like infrastructure scalability, data privacy, maintenance costs, and network orchestration. Additionally, focusing on the following headwinds is essential for providers aiming to spark innovation and growth in the MEC ecosystem:

    1. Industry Convergence

    Accelerating IT/OT Integration with Partner Ecosystems: Changing enterprise needs for infrastructure, smart traffic routing, data management, and IT/OT converged security are pushing technology providers to foster strong partner ecosystems. Now, collaborations with hardware providers, software/platform developers, security vendors, global system integrators (GSIs), and cloud providers are becoming increasingly crucial to deliver comprehensive MEC services.

    1. Innovative Business Models

    Pay-Per-Use MEC Models: Building and maintaining MEC infrastructure requires hefty upfront investments in terms of hardware, software, and personnel. Consequently, the costs associated with scaling and securing edge networks are intensifying the pressure on providers to develop flexible, usage-based pricing models, like Edge-as-a-Service (EaaS) to simplify and optimize MEC deployment.

    1. Disruptive Technologies

    The Emergence of Edge AI: Edge AI integrates AI directly into smart devices, enabling data insights to be delivered in milliseconds, thereby streamlining applications like predictive maintenance and autonomous drones. Going forward, the convergence of Edge AI with MEC will help industry incumbents efficiently manage large datasets at the network edge, using pre-trained models, algorithms, and advanced analytics.

    1. Transformative Megatrends

    Increasing Focus on Security: With data privacy concerns on the rise, private MEC offers a compelling advantage –data can be processed within enterprise boundaries, reducing the risks associated with transferring sensitive information to centralized clouds. Consequently, providers feel the need to focus on integrated zero-trust security, visibility tools, identity management, automated responses, and enhanced cloud protection for critical MEC applications.

    Which partnership strategies can industry incumbents implement to enhance competitive differentiation in the evolving MEC industry?

    1. Disruptive Technologies

    The Adoption of 5G: The rollout of 5G networks is promising enterprises ultra-low latency and high bandwidth, enabling applications like augmented reality (AR), telemedicine, smart grids, and collaborative robots. Consequently, service providers face challenges in upgrading infrastructure, streamlining network slicing, and optimizing network function virtualization to meet these demands.

    1. Compression of Value Chains

    Collaboration Between Telcos and GSIs: The traditional separation of network infrastructure, connectivity, security, and managed services is fading, with telcos expanding their portfolios to include GSI-like professional services. This shift is prompting GSIs to deliver integrated, end-to-end MEC solutions that are customized for different industries.

    1. Geopolitical Chaos

    Regulatory Compliance and Data Sovereignty: Differences in regulatory frameworks across regions are complicating international MEC deployments. Going forward, providers will need to navigate diverse data protection laws, manage localized data centers, and adhere to regional compliance. This is particularly challenging for regulated verticals such as healthcare, finance, and government institutions.

    1. Internal Challenges

    Managing MEC and Legacy System Integration: MEC brings together a wide range of hardware, software, and communication protocols across various industries. Ensuring that these components work together seamlessly to enable efficient data processing and service delivery poses a significant challenge for providers. This is urging industry incumbents to invest in advanced orchestration and automation tools that maximize the ROI potential of MEC.

    In summary, the rapid evolution of private multi-access edge computing is revolutionizing ICT, bringing along new prospects that accelerate digital transformation and empower connected industries. However, overcoming barriers like scalability, security, compliance, and interoperability is crucial for service provider growth. By embracing emerging technologies, fostering strategic partnerships, and developing innovative business models, providers can drive competitive differentiation and capitalize on the rising MEC momentum.

    Are your teams equipped with the right growth processes and frameworks to identify and evaluate emerging MEC opportunities?

    Don’t let these strategic imperatives hold your organization back from taking advantage of the private MEC revolution. Connect with Frost & Sullivan’s experts and tackle your organization’s top growth challenges by unlocking new opportunities, technology differentiators, and best practices in MEC.

    Click Here to connect with our MEC experts today.

    The post Innovation at the Edge: 8 Megatrends Influencing the Future of Private Multi-Access Edge Computing (MEC) appeared first on Frost & Sullivan.

    ]]>
    Future of Communications Is Here—Are You Ready for These Strategic Imperatives https://www.frost.com/growth-opportunity-news/information-communications-technology/unified-communications/future-of-communications-is-here-are-you-ready-for-these-strategic-imperatives-tgc-sis-cim-rg/ Thu, 28 Nov 2024 04:52:38 +0000 https://www.frost.com/?p=22993612 The post Future of Communications Is Here—Are You Ready for These Strategic Imperatives appeared first on Frost & Sullivan.

    ]]>

    The unified communications and collaboration (UC&C) industry is entering a new era, driven by emerging technologies, hybrid work, and changing customer needs.

    AI, automation, and real-time analytics are transforming how organizations connect and collaborate, while the push for agility and seamless integrations is becoming non-negotiable. Now, as organizations pursue optimized operations, mobility, and security, UC&C providers feel the pressure to deliver enhanced tools that promote workplace efficiency and user-centric experiences.

    Which UC&C best practices will mitigate the negative impact of these headwinds on your growth goals?

    Top 5 Strategic Imperatives Driving Change in Traditional UC&C

    • Disruptive Technologies: Injecting AI into Communications Platforms (2024-2034)
    • Transformative Megatrends: Harmonizing Virtual and Physical Workspaces (2024-2039)
    • Industry Convergence: Prioritizing Mobile Communications and Collaboration (2023-2031)
    • Internal Challenges: Streamlining Legacy Systems Integrations with UC&C Solutions (2025-2035)
    • Innovative Business Models: Integrating CPaaS with Vertical Workflows (2025-2039)

    To read on about the impact of these strategic imperatives on the future of UC&C, click here.  

    Growth Opportunities Emerging from These Imperatives
    As technology advances, industry leaders are actively exploring innovative strategies to boost employee productivity, streamline workflows, and future-proof communication strategies. This implies that the next phase of UC&C growth is brimming with potential, driven by exciting opportunities like:

    • Maximizing operational efficiencies with AI and intelligent virtual assistants: This will help automate routine tasks such as scheduling meetings, transcribing calls, and managing customer inquiries, thereby freeing up valuable time for teams to focus on higher-level work.
    • Office modernization initiatives and technology upgrades: To support remote work models and an increasingly distributed workforce, by harnessing the benefits of smart meeting rooms, advanced audiovisual tools, immersive technologies, and seamless UC&C platform integration.
    • Unified communications-as-a-service (UCaaS): Adopting cloud-based UCaaS to maximize operational flexibility and scalability. Also focusing on customizable UCaaS to tailor solutions to specific industries and operational requirements.
    • Microservices that bundle customer experience (CX) and employee experience (EX): To deliver a unified solution which includes integrated customer relationship management (CRM), enterprise resource planning (ERP), and internal/external communications.
    • Communications platform-as-a-service (CPaaS): Collaborating with CPaaS providers to expand UC&C solution/ service portfolios.
    • Multi-factor authentication (MFA): Embedding advanced, end-to-end security into UC&C solutions for data protection, regulatory compliance, and reduced cyber risks.

    Next Steps on Your UC&C Growth Journey

    Unlock the potential of disruptive UC&C technologies with Frost & Sullivan’s latest analysis on the subject.

    Download now to revolutionize your communications strategy and drive impactful transformation within your organization.

    What You’ll Discover:

    • 10 imperatives shaping UC&C, along with their impact curves, influence scores, and timelines.
    • Technology frameworks to navigate growth challenges.
    • Best practices from leading UC&C providers.
    • Emerging growth opportunities associated with these strategic imperatives.

     

    Companies to Action in the UC&C Ecosystem

    • AI-first communication platforms: Zoom, Microsoft Teams, and Shure.
    • Office modernization and workspaces of the future: Yealink, Neat, and Crestron
    • Mobile communications: Verizon, AT&T, and Rogers Communications.
    • Integrated CX and EX: 8×8, Dialpad, and RingCentral.
    • Streamlining Legacy Systems Integrations: Intermedia, Ooma, and Telia.
    • Verticalized CPaaS: Plivo, Vonage, and Telnyx.
    • Embedded authentication and access controls: GoTo, Zoom, and Pexip.
    • Advanced edge services: Alcatel Lucent Enterprise, Cisco, and Radisys.
    • Sustainable UC&C value chains: Orange, HP, and Logitech.

    To delve into comprehensive UC&C growth plans, click here.  

    In conclusion, as the global UC&C landscape evolves, our growth experts can help your organization navigate this dynamic ecosystem and position itself as a leader in the future of communications.

    Start transforming your strategy today!

    The post Future of Communications Is Here—Are You Ready for These Strategic Imperatives appeared first on Frost & Sullivan.

    ]]>
    TeamT5 Applauded by Frost & Sullivan for Deeply and Effectively Monitoring Regional Adversaries and Incidents https://www.frost.com/news/press-releases/team-t5-applauded-by-frost-sullivan-for-deeply-and-effectively-monitoring-regional-adversaries-and-incidents/ Thu, 28 Nov 2024 04:09:40 +0000 https://www.frost.com/?p=22993596 With offices in Taiwan and Japan, TeamT5 provides in-depth localized threat intelligence, especially for organizations targeted by Chinese adversaries.

    The post TeamT5 Applauded by Frost & Sullivan for Deeply and Effectively Monitoring Regional Adversaries and Incidents appeared first on Frost & Sullivan.

    ]]>
    SAN ANTONIO, TX. – 28 November 2024 – Frost & Sullivan recently assessed the threat intelligence industry and, based on its findings, recognizes TeamT5 with the 2024 Taiwanese Company of the Year Award. This is the second time TeamT5 has received this award, having previously won it in 2023. The company leverages cybersecurity skills in-country to provide clients with cyber threat intelligence reports and anti-ransomware solutions. The insights gathered by TeamT5 are significant for regional organizations that are often targeted with Advanced Persistent Threat (APT) and malware by near neighbors. TeamT5, with its native Chinese-speaking analysts, can effectively understand the threat landscape and provide insights localized for countries and companies that face these threats daily. This ability is especially important in TeamT5’s home country of Taiwan, where attacks originating in China are the most common occurrence. TeamT5’s ThreatVision integrates with other solutions, such as ThreatQuotient’s ThreatQ, with an application programming interface (API) to enable organizations to customize how the solution is integrated into their workflows. This flexibility enables organizations to use ThreatVision to support their efficient workflows.

    TeamT5 also provides a clear and intuitive information layout on the dashboard and comprehensive reports at various intervals, in addition to adding small touches that enhance the user experience, such as unique badge icons for each adversary group. The ThreatVision dashboard provides localized intelligence for ten regions, six industries, and seven countries. TeamT5 is actively adding localized dashboards, with the latest additional geographies being Thailand, Singapore, and Australia and the latest additional industries being media and military. The ThreatVision platform also caters to clients who have limited time, as TeamT5 provides downloadable indicators of compromise (IoC) for each report.  Users can integrate IoCs with their security information and event management (SIEM), firewall, or other relevant tool even if they do not have time to examine the reports thoroughly.  This flexibility and understanding of varying customer needs make TeamT5 an exceptional threat intelligence partner.

    Georgia Edell, consultant for Frost & Sullivan, observed, “TeamT5 regularly updates clients on 32 identified Chinese adversaries, as well as North Korean, Vietnamese, and other adversaries in the region. This proactive approach to localized threat intel makes TeamT5 especially attractive for organizations, such as those in Taiwan, that are targeted by regional actors.”

    TeamT5 has multiple report types to provide customers the most relevant information at the right time. APT reports arrive twice a week, monthly, and quarterly with the most up-to-date news on adversaries. The Cyber Affairs report provides bi-weekly updates on Chinese affairs, while two other bi-weekly reports offer updates on patch management and vulnerabilities. Beyond receiving extensive and localized reports and dashboards, customers can obtain even more information through automatic analysis and assistance hours using TeamT5’s ThreatVision credit system. Users can upload samples to check for malicious content and request additional details in exchange for automatic analysis points, while further information can be obtained using assistance hours. This system allows organizations to manage their expenditures based on their resources and the depth of analysis required. Additionally, TeamT5 is focused on recognizing customers’ current and future requirements. For example, while some reports are already available in Japanese and Chinese, the company is working on adding more Japanese-language content.

    “TeamT5 excels in its ability to provide regular updates on regional adversaries, especially from China, which is the largest threat source for Taiwan. Users can be highly flexible in how they integrate and utilize the service, mitigating unnecessary spending while receiving the most useful insights for analysts. By continually innovating and considering customer feedback, TeamT5 is an attractive partner for many organizations,” added Edell. With its strong overall performance, TeamT5 earns Frost & Sullivan’s 2024 Taiwanese Company of the Year Award in the threat intelligence industry.

    Each year, Frost & Sullivan presents a Company of the Year award to the organization that demonstrates excellence in terms of growth strategy and implementation in its field. The award recognizes a high degree of innovation with products and technologies, and the resulting leadership in terms of customer value and market penetration.

     

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

    About TeamT5
    TeamT5 consists of top cyber threat analysts. Leveraging our geographic and cultural advantages, we have the best understanding of cyber attackers in Asia Pacific. TeamT5 is frequently invited to share insights at top cybersecurity conferences. Our threat intelligence research expertise and solutions are recognized as the 2023-2024 Company of the Year Award in Taiwanese Threat Intelligence by Frost & Sullivan. Our endpoint detection and response solution is awarded Golden Award from COMPUTEX – Best Choice Award.

    Based on our research in malware & Advanced Persistent Threat (APT), we provide cyber threat intelligence reports and anti-ransomware solutions to clients in the USA, Japan, and Taiwan. Clients include government agencies, financial business, and high-tech enterprises.

    Contact:
    Chery Lin
    E: pr@teamt5.org

    The post TeamT5 Applauded by Frost & Sullivan for Deeply and Effectively Monitoring Regional Adversaries and Incidents appeared first on Frost & Sullivan.

    ]]>
    Achieving Sustainability Goals in Manufacturing Through ESG Integration https://www.frost.com/growth-opportunity-news/energy-environment/environment-sustainability/achieving-sustainability-goals-in-manufacturing-through-esg-integration-cim-ma/ Wed, 27 Nov 2024 13:41:27 +0000 https://www.frost.com/?p=22993599 In today’s rapidly evolving business landscape, the integration of Environmental, Social, and Governance (ESG) principles has become crucial for manufacturing companies striving for sustainability. The manufacturing industry is under increasing pressure to address its environmental impact and social responsibilities, making it critical for organizations to adopt effective ESG practices. By understanding ESG’s role in manufacturing, […]

    The post Achieving Sustainability Goals in Manufacturing Through ESG Integration appeared first on Frost & Sullivan.

    ]]>
    In today’s rapidly evolving business landscape, the integration of Environmental, Social, and Governance (ESG) principles has become crucial for manufacturing companies striving for sustainability. The manufacturing industry is under increasing pressure to address its environmental impact and social responsibilities, making it critical for organizations to adopt effective ESG practices. By understanding ESG’s role in manufacturing, companies can not only comply with regulatory demands but also gain a competitive edge, improve operational efficiency, and foster a culture of accountability and innovation. For instance, companies that integrate strong ESG practices have been shown to achieve 10-15% higher profitability compared to those with weaker ESG integration. This demonstrates that adopting sustainable and socially responsible practices not only benefits the environment and society but also drives long-term financial performance.

    Key Drivers for Effective ESG Integration

    Integrating ESG into manufacturing isn’t just a regulatory requirement, it represents a fundamental shift towards sustainable business practices that enhance operational resilience and drive long-term value. Organizations that prioritize ESG often experience significant operational efficiencies, better risk management, and increased appeal among consumers and investors who value sustainability.

    Furthermore, integrating ESG practices can lead to cost savings through improved resource management and waste reduction. Manufacturers that invest in sustainable technologies and processes often find that their long-term operational costs decrease, driving both profitability and sustainability. As such, the strategic alignment of ESG with business objectives not only fulfils regulatory demands but also serves as a pathway to innovation and growth.

    New Pathways for Sustainable Manufacturing Success

    The shift toward sustainable manufacturing practices opens a myriad of growth opportunities. Industries like automotive, aerospace, and electronics are leading the charge in adopting digital technologies such as automation, artificial intelligence (AI), and the Internet of Things (IoT). This integration enhances efficiency by leveraging operational data for process optimization. For instance, BMW has integrated AI and IoT at its Leipzig plant to optimize energy consumption and reduce waste, enhancing both operational efficiency and sustainability. This integration of digital technologies is setting a benchmark for other industries.

     

    As consumers increasingly seek eco-friendly products, companies with robust ESG initiatives stand to gain a competitive advantage, not only attracting consumers but also establishing valuable partnerships with green companies Additionally, Investors are also increasingly favoring companies with strong ESG credentials, recognizing that these organizations are better positioned for long-term success. According to a 2023 report, around 80% of global institutional investors consider ESG factors when making investment decisions, highlighting the increasing value of integrating ESG into manufacturing and other domains.

    Best Practices for Seamless ESG Adoption

    For manufacturers looking to adopt ESG, the following best practices provide a roadmap to achieve sustainability and operational excellence:

    1. Embracing Advanced Technologies

    Investing in advanced technologies like Manufacturing Execution Systems (MES) and Quality Management Systems (QMS) streamlines operations, reduces waste, and enhances productivity. These tools provide real-time insights, enabling manufacturers to optimize resource allocation and align with sustainability objectives.

    1. Embedding ESG in Everyday Operations

    Incorporating ESG principles into daily practices is essential for fostering sustainability. Implementing energy management programs, water conservation initiatives, and waste recycling systems not only minimizes environmental impact but also strengthens community engagement, showcasing a company’s commitment to social responsibility.

    1. Leveraging Digital Transformation

    Digital transformation enhances ESG performance by improving transparency and compliance. Utilizing digital tools for real-time monitoring and ethical sourcing allows manufacturers to track energy usage and emissions, enabling data-driven decisions that reduce environmental footprints and support responsible business practices.

    1. Committing to Regulatory Compliance and Transparency

    Staying compliant with environmental regulations is crucial for sustainable manufacturing. Adopting robust ESG reporting frameworks and transparent communication fosters credibility, mitigates legal risks, and builds trust with investors and consumers, positioning the company as a responsible corporate citizen.

     

    Companies Excelling in ESG Practices

    Royal Enfield’s commitment to sustainability is evident through its innovative CSR initiatives aligned with the UN Sustainable Development Goals. These efforts include destination development, waste management awareness, emission reduction, and biodiversity management, driving a cleaner, greener future while fostering a culture of responsible riding.

    Genpact drives sustainability through innovations like green-certified facilities, renewable energy adoption, water conservation, and the “Breathing More Easily” initiative with liquid trees for enhanced carbon sequestration. Their focus on energy efficiency, employee well-being, and environmental stewardship underscores their commitment to a sustainable future.

    Mondelez is leading the charge in sustainability with groundbreaking initiatives, including RE100 compliance, transformative energy strategies, and water stewardship. Its bold actions in waste reduction, sustainable packaging, and plastic elimination, alongside embedding sustainability in product innovation, are setting new standards for a greener future.

     

    Conclusion

    As the manufacturing industry evolves, integrating ESG principles is essential for achieving sustainability goals and building trust with stakeholders. By adopting best practices and aligning with strategic imperatives, manufacturing companies can not only comply with regulations but also unlock new growth opportunities in a competitive landscape. A comprehensive understanding of ESG in manufacturing and its strategic significance will be critical as the industry evolves, positioning organizations to foster a more sustainable and responsible future.

     

    About Frost & Sullivan

    Frost & Sullivan, the growth pipeline company, helps clients accelerate growth and achieve industry leadership through innovative strategies and best practices. Our ‘Growth Pipeline-as-a-Service’ provides transformative strategies for evaluating and implementing growth opportunities in the power and energy sector. Let us guide you on your transformational journey with four powerful components:

    • Schedule a Growth Dialog to explore transformative strategies and address specific needs within your organization.
    • Become a Frost Growth Expert in your specialization and contribute your expertise through our think tanks.
    • Join Frost & Sullivan’s Growth Council to be part of a dynamic community focused on identifying growth opportunities and tackling critical industry challenges.

    Designate Your Company as a Companies to Action to enhance exposure to investors, M&A opportunities, and other growth prospects.

    The post Achieving Sustainability Goals in Manufacturing Through ESG Integration appeared first on Frost & Sullivan.

    ]]>
    Are Middle East & India Driving the Future of Military Drones? https://www.frost.com/growth-opportunity-news/are-middle-east-india-driving-the-future-of-military-drones-cim-ps/ Wed, 27 Nov 2024 06:01:09 +0000 https://www.frost.com/?p=22993592 As the Middle East and India intensify their military drone programs, the growth of the unmanned aerial vehicle (UAV) industry in these regions is dramatically picking pace. With increasing defense budgets and a strong focus on local manufacturing, these regions are challenging the traditional dominance of Israeli and US military drones. From tactical mini drones […]

    The post Are Middle East & India Driving the Future of Military Drones? appeared first on Frost & Sullivan.

    ]]>
    As the Middle East and India intensify their military drone programs, the growth of the unmanned aerial vehicle (UAV) industry in these regions is dramatically picking pace. With increasing defense budgets and a strong focus on local manufacturing, these regions are challenging the traditional dominance of Israeli and US military drones.

    From tactical mini drones to strategic long-range platforms, emerging players from Saudi Arabia, India, and the UAE are set to reshape the defense industry, turning the sky into a competitive arena.

    The big question isAre you set to capture military drone opportunities in the Middle East and India?

    Shifting Dynamics in the Middle East UAV Industry

    The UAV industry in the Middle East is experiencing a seismic shift as emerging Saudi and Emirati defense industries challenge the dominance of the United States and Israel. Turkish and Chinese platforms are further reshaping the competitive landscape, creating tensions with traditional Gulf Cooperation Council (GCC) allies due to evolving US arms export policies.

    Government-to-government (G2G) contracts continue driving domestic defense industrial base growth, fostering large-scale procurement deals. Meanwhile, the industry is gravitating towards cost-effective, lower-altitude loitering munitions over pricier high-altitude platforms.

    Building the Future of India’s Military UAV Ecosystem

    India is propelling its military UAV industry forward with robust R&D efforts in AI, machine learning (ML), and quantum computing, bolstering its indigenous UAV development capabilities. Public-private collaborations are bridging gaps between civilian and military UAV technologies. Expanding international defense partnerships, particularly through INDUS-X—a US-India defense collaboration—are fostering joint R&D and industry opportunities for startups and small and medium enterprises (SMEs).

    Some key growth opportunities arising from these two regions include:

    1. Growing demand for military tactical UAVs over traditional strategic platforms
    2. Focusing on establishing maintenance, repair, and overhaul (MRO) infrastructures
    3. Rapidly increasing investment in maritime military UAVs in the Middle East

    This dual trajectory of development in both the Middle East and India presents a unique landscape for investment and innovation.

    Discover the latest growth opportunities emerging from the UAV industry in the Middle East and India with our latest Frost & Sullivan analyses. Download today and start writing your success story!

    <Download Growth Perspectives in the Middle East>

    <Download Growth Perspectives in India>

    The post Are Middle East & India Driving the Future of Military Drones? appeared first on Frost & Sullivan.

    ]]>
    Post US Election Market Brief: The Impact of Trump 2.0 on the Affordable Care Act (ACA) https://www.frost.com/growth-opportunity-news/post-us-election-market-brief-the-impact-of-trump-2-0-on-the-affordable-care-act-tjstory-cim-sg/ Wed, 27 Nov 2024 05:28:58 +0000 https://www.frost.com/?p=22993583 The post Post US Election Market Brief: The Impact of Trump 2.0 on the Affordable Care Act (ACA) appeared first on Frost & Sullivan.

    ]]>

    The Affordable Care Act (ACA), or Obamacare, faces uncertainty as the US gears up for a potential Trump 2.0 administration. While Donald Trump has consistently voiced intentions to repeal or replace the ACA, specific plans remain unclear. Historically, Trump’s administration emphasized “market-based” solutions, including high-deductible health plans, Health Savings Accounts (HSAs), and short-term health insurance options.

    What could Trump 2.0 mean for the ACA, healthcare coverage, and the broader industry? Let’s unpack the potential impacts, uncertainties, and growth opportunities.

    Explore more about the impact of Trump 2.0 on the ACA and how it could reshape the healthcare landscape. Talk to our growth experts to discuss the opportunities and challenges ahead by clicking the link below.

    <Speak with an Expert> 

    The ACA Under Pressure: Key Impacts

    1. Expiring Subsidies and Rising Costs

    Enhanced subsidies introduced during the Biden Administration significantly reduced premiums and boosted enrollment. However, these subsidies are set to expire at the end of 2025 unless Congress intervenes.

    • Cost Impact: Net premiums could increase by an average of 79%, with some states facing even steeper hikes.
    • Enrollment Impact: Without subsidies, ACA Marketplace enrollment could plummet from 22.8 million in 2025 to as low as 15.4 million by 2030.
    • Budget Implications: Extending these subsidies permanently could cost $335 billion over 10 years, according to the Congressional Budget Office.
    1. Executive Actions and Medicaid Changes

    The Trump Administration may leverage executive powers to reshape ACA regulations, potentially introducing:

    • State Waivers: Allowing states to modify Marketplace rules.
    • Medicaid Restrictions: Imposing work requirements or other eligibility criteria, limiting access for low-income populations.
    • Non-ACA Plans: Loosening regulations on short-term and non-compliant plans, which often lack comprehensive benefits like maternity care and mental health coverage.
    1. Market Segmentation and Coverage Risks

    Moving toward private market options could fragment the insurance landscape:

    • Healthier Individuals: Likely to opt for less comprehensive, low-cost plans.
    • High-Risk Populations: ACA plans could see higher premiums as they absorb a disproportionate share of high-risk enrollees.
    • Pre-Existing Conditions: Coverage protections may weaken, with high-risk pools potentially underfunded, resulting in restricted access and higher costs for those with complex medical needs.
    1. Administrative and Operational Challenges for Payors

    If federal support for ACA regulations diminishes, payors may face:

    • Increased Complexity: Adapting to a fragmented regulatory environment across states.
    • Rising Costs: Managing diverse coverage options and increased administrative burdens.
    • Shifting Portfolios: Reduced ACA exchange participation may lead to the expansion of private plans, tailored to evolving market demands.
    1. Uncompensated Care and Provider Strain

    Providers, particularly those serving low-income populations, could see:

    • Fewer Insured Patients: A drop in ACA enrollment could result in higher uninsured rates.
    • Rising Unpaid Care: Hospitals and clinics might experience an uptick in uncompensated care.
    • Operational Adjustments: Aligning with private insurers’ reimbursement models may require significant changes in billing systems and care delivery.

    Uncertainties and Growth Opportunities

    1. Private Market Expansion

    A shift to market-based solutions could benefit private insurers, particularly those offering Medicare Advantage plans or short-term health insurance options.

    • Growth for Insurers: Expanding market share through customized plans tailored to consumer needs.
    • Opportunities for Brokers: Commission-based players can capitalize on guiding consumers through Medicare Advantage and other private insurance options, which often have stable, lucrative commissions.
    1. Challenges for Payors

    As private solutions take center stage, payors will need to adapt to:

    • Portfolio Diversification: Offering affordable, customized healthcare plans to meet diverse consumer needs.
    • Pricing Pressures: Striking a balance between competitive pricing and maintaining profitability while ensuring access to care.
    • Regulatory Navigation: Adjusting strategies to align with shifting federal and state policies.
    1. Providers: Evolving Care Delivery Models

    Providers will face increased pressure to adapt to private insurers’ criteria:

    • Value-Based Care: Reimbursement models tied to performance metrics may necessitate operational changes.
    • Complexity in Billing: Aligning with varying private insurer requirements could increase administrative overhead.

    What’s Next?

    The potential for significant changes to the ACA under a Trump 2.0 administration creates a mix of challenges and opportunities for stakeholders. While private market growth could spur innovation, uncertainties around subsidies, regulations, and access to affordable care may disrupt the healthcare ecosystem.

    Key Takeaways for Industry Players:

    • Insurers: Diversify offerings and develop competitive pricing strategies to capture market share.
    • Brokers: Expand roles in guiding consumers through an evolving insurance landscape.
    • Providers: Prepare for shifts in patient volumes and adapt care models to meet new reimbursement structures.

    The next chapter of healthcare reform may reshape the industry, but with preparation and innovation, stakeholders can navigate the uncertainties and seize emerging opportunities.

    The post Post US Election Market Brief: The Impact of Trump 2.0 on the Affordable Care Act (ACA) appeared first on Frost & Sullivan.

    ]]>
    Embedded Payments: Transforming Digital Transactions Across Industries https://www.frost.com/growth-opportunity-news/information-communications-technology/enterprise-wireless-services/embedded-payments-transforming-digital-transactions-across-industries-tgc-cim-sn/ Fri, 22 Nov 2024 05:55:14 +0000 https://www.frost.com/?p=22993576 As businesses across e-commerce, retail, healthcare, and telecom embrace the future of digital commerce, embedded payments are becoming essential for success. These seamless, integrated solutions are revolutionizing transactions through advancements like real-time payments, API-based integrations, and digital wallet innovations. With projections indicating a surge in market revenue from $32 billion in 2023 to $93.73 billion […]

    The post Embedded Payments: Transforming Digital Transactions Across Industries appeared first on Frost & Sullivan.

    ]]>
    As businesses across e-commerce, retail, healthcare, and telecom embrace the future of digital commerce, embedded payments are becoming essential for success. These seamless, integrated solutions are revolutionizing transactions through advancements like real-time payments, API-based integrations, and digital wallet innovations. With projections indicating a surge in market revenue from $32 billion in 2023 to $93.73 billion by 2029, embedded payments are unlocking transformative growth opportunities.

    Explore comprehensive analysis into the technologies and strategies driving this remarkable evolution.

    <Download Sample> to find answers to the following questions:

    • How are innovative payment models like Buy Now, Pay Later (BNPL) reshaping customer experiences and increasing sales?
    • What cutting-edge technologies are powering the scalability and efficiency of embedded payment solutions?
    • Which industries and regions are leading the adoption of embedded payment technologies, and what trends will define the future?

    Frost & Sullivan’s latest analysis, Embedded Payments: Innovations and Growth Opportunities, offers an in-depth outlook on the strategies, trends, and technologies shaping the future of payments. Download now to stay ahead in the rapidly evolving digital payments landscape!

    The post Embedded Payments: Transforming Digital Transactions Across Industries appeared first on Frost & Sullivan.

    ]]>
    Augmentir Named 2024 Connected Worker Company of the Year by Frost & Sullivan https://www.frost.com/news/press-releases/augmentir-named-2024-connected-worker-company-of-the-year-by-frost-sullivan/ Thu, 21 Nov 2024 15:00:17 +0000 https://www.frost.com/?p=22993558 Augmentir’s exceptional performance and contributions in the global ACW solutions space highlight its dedication to sustained innovations and higher customer value.

    The post Augmentir Named 2024 Connected Worker Company of the Year by Frost & Sullivan appeared first on Frost & Sullivan.

    ]]>
    Augmentir Award Logo SAN ANTONIO, TX. – November 21, 2024 – Frost & Sullivan recently assessed the augmented connected worker (ACW) industry and, based on its findings, recognizes Augmentir with the 2024 Global Company of the Year Award.

    Offering a world-class artificial intelligence (AI)-powered ACW solution, Augmentir enables industrial companies to enhance their frontline workforce’s safety, quality, and efficiency. Augmentir illustrates remarkable agility and addresses unmet customer needs by developing purpose-driven products that deliver tangible outcomes and constantly evolve alongside the market. This adaptability enables it to set higher performance and innovation benchmarks, raising the bar for existing and new market players. Augmentir has a broad global customer base, with successful product deployments in over 75 countries, demonstrating a far-reaching impact. This notable base exhibits the company’s product excellence and entails many prominent names, including Colgate-Palmolive, Mondelēz International, Armstrong World Industries, Hitachi Energy, and Müller Group.

    Augmentir’s upward momentum in a highly competitive global market demonstrates its unsurpassed capacity to continuously and quickly create solutions that exceed industry expectations.  Augmentir is created by the same visionary experts behind multiple software technology revolutions (Wonderware Software, Lighthammer, and ThingWorx), indicating the company’s unmatched technological and market knowledge. Augie™, Augmentir’s GenAI Suite of AI services and assistants for industrial frontline work is a solid example of the company’s incomparable emphasis on continuous innovations, differentiating itself from competing products with broad applicability, efficiency-driven features, and unmatched customer benefits.

    Agustin Fabris, research analyst for Industrial Automation & Software at Frost & Sullivan, observed, “Augmentir offers one of the most comprehensive ACW platforms on the market. Its diverse customer base, outstanding growth rates, advanced AI and skills management capabilities, and innovative product roadmap will ensure that the company maintains its leadership position for years to come.”

    Augmentir’s holistic technology platform surpasses competitors by helping customers digitize skills and training, work instructions, checklists, and standard operating procedures  while curating transformative digital workflows and integrations that unite frontline workers with their business’ digital threads. The company’s ability to quickly tackle changing trends with problem-driven solutions is remarkable, showcasing unsurpassed adaptability and market readiness. As a growth-centric company, Augmentir proactively explores new opportunities, product development and upgrades, partnerships, and customer acquisitions, exponentially magnifying its business infrastructure. Since Augmentir platform’s inception, the company has been at the forefront of AI innovation in the ACW sector. Augmentir’s value-driven, outcome-oriented, and user-centric best practices translate into longstanding and nurturing stakeholder relations, further cementing its industry position as a technology and people leader.

    “Augmentir persistently surpasses competitors with its relentless focus on research and development, customer feedback, and ability to evolve alongside the market. Harnessing the power of GenAI and growth-driven initiatives, Augmentir well-equips itself to deliver robust customer value and benefits while achieving exponential business expansion globally,” added Iqra Azam, best practices research analyst at Frost & Sullivan. Augmentir earns Frost & Sullivan’s 2024 Global Company of the Year Award for its strong overall performance in the ACW industry.

    About Augmentir

    Augmentir™ is the world’s only AI-Powered Connected Worker solution. Augmentir’s software includes a complete suite of connected worker capabilities, connectors to business systems, and broad extensibility that enable manufacturers to digitize their frontline operations, reduce onboarding time, and increase workforce productivity. Companies in manufacturing, service, energy, and construction leverage Augmentir’s suite of tools to deliver effective skills management, training, digital workflow, and collaboration for today’s more dynamic industrial workforce. For more information, please visit www.augmentir.com.

    The post Augmentir Named 2024 Connected Worker Company of the Year by Frost & Sullivan appeared first on Frost & Sullivan.

    ]]>
    Shure Microflex® Wireless neXt 2 Wireless Microphone System Runs the Analyst Gauntlet https://www.frost.com/growth-opportunity-news/shure-microflex-wireless-next-2-wireless-microphone-system-runs-the-analyst-gauntlet/ Wed, 20 Nov 2024 11:00:02 +0000 https://www.frost.com/?p=22993018 Explore Shure’s Microflex® Wireless neXt 2 Microphone System, tested by Frost & Sullivan's Analyst Gauntlet. Designed for hybrid collaboration spaces, it integrates easily with top video platforms, offering high-quality audio and intuitive setup.

    The post Shure Microflex® Wireless neXt 2 Wireless Microphone System Runs the Analyst Gauntlet appeared first on Frost & Sullivan.

    ]]>

     

    About the Frost & Sullivan Analyst Gauntlet

    Frost & Sullivan’s Analyst Gauntlet is a structured program wherein participating vendors and service providers give industry analysts deep dives and demonstrations of their collaboration solutions. The analysts then use the collaboration solution for a set time period and provide candid feedback based on their experiences with the specified tool.

     

    Introducing Shure Microflex® Wireless neXt 2 Wireless Microphone System

     

    This month, the Frost & Sullivan research team evaluated the new Shure Microflex Wireless neXt 2 Wireless Microphone System (MXW neXt 2). Introduced in January 2024 and available now, MXW neXt 2 expands the Shure Microflex Ecosystem with a new, versatile, two-channel wireless system that supports two wireless microphones at a range of 150 feet (50 meters) and is designed for efficient deployment in meeting and training rooms, classrooms, and other collaboration spaces. MXW neXt 2 is platformed on an all-in-one base station that incorporates onboard Shure IntelliMix® digital signal processing (DSP), two microphone charger ports, and selection of audio input / output interfaces including networked Dante, USB, and analog connectivity.

    MXW neXt 2 is designed for fast, intuitive connection to video conferencing software, Shure and third-party audio-video devices to address hybrid meetings that require audio capture of in-room participants, sound reinforcement of presenters, and far-end audio from remote presenters in live settings or recordings.

    The system supports any two actively linked wireless microphones from a portfolio of Shure Microflex Wireless Ecosystem transmitters, including:

    • MXW1X bodypack transmitter with an input jack for a selection of Shure lavaliers or head-worn microphones.
    • MXW2X handheld transmitter with one of four different capsules, or heads, in cardioid (unidirectional), super cardioid, or omnidirectional versions.
    • MXW6X boundary transmitter available in cardioid and omnidirectional versions.

    All microphone batteries can be charged in the system’s MXWAPXD2 base station or via USB-C cable. MXW neXt 2 is certified for both Microsoft Teams Rooms and Zoom Rooms. Google Meet certification is expected in the near term. The list price for an MXW neXt 2 MXWAPXD2 base station is $1,300. Potential future bundles may include the base station and two microphones for $2,500 and up, depending on microphone models.

     

    Solution Evaluated

    The MXW neXt 2 solution that the research team evaluated comprises:

    MXWAPXD2 access point transceiver (base station)

    Windows 10 PC (bring your own device provided by end users)

    MXW2X/SM58 handheld microphone

    MXW1X hybrid bodypack microphone with WL185 lavalier

    MXW6X boundary microphone

    We evaluated the MXW neXt 2 system installed in a 16-foot by 30-foot multi-purpose collaboration room. The room configuration is a front-of-room use case, with industry-standard cameras and displays from Shure partners at the front of the room, an MXW neXt 2 system on the room table, and a Shure Microflex Advance MXA902 ceiling array microphone + loudspeaker. We used a bring your own device (BYOD) Windows PC with video conferencing software installed to meet with participants in a similarly configured far-end room. Both rooms tested all three MXW neXt 2 microphone types (handheld, bodypack, and boundary) as well as integration with the MXA902 array via the MXWAPXD2’s Dante input/output port.

    The MXW neXt 2 system can operate as a plug-and-play solution out of the box due to its automatic wireless spectrum scan and RF interference avoidance capabilities. To optimize audio inputs and outputs, the Shure MXW neXt control software can be accessed on the MXWAPXD2 device from a connected computer.

    Highlighted components of our evaluation included:

    Administrator Experience Analysis

     

    The solution we evaluated is positioned to deliver the flexibility, performance, and control that end-user organizations are looking for in wireless microphone systems in mid-to-large collaboration spaces across various use cases. MXW neXt 2 delivers on those sought-after benefits. The all-in-one architecture of the MXWAPXD2 access point transceiver—with its onboard DSP, automatic spectrum scan, and interference avoidance at start-up, coverage range, transceiver, and more— simplifies things for administrators. It is easily deployed, even without using the MXW neXt control software. Intuitive interfaces on the base station facilitate quick connection to computers with installed video conference software, Shure Microflex Advance ceiling array microphones and speakers, third-party AV peripherals, and simple USB-C connection to AC power. Using the MXW neXt control software allows administrators to locally or remotely name, monitor, and manage multiple MXW neXt 2 systems, including assigning base stations to rooms and wireless microphones to specific presenters.

    The MXWAPXD2 base unit conveniently pairs with three different microphone form factors (handheld, bodypack, and boundary), which reduces user training requirements and increases the scope of addressable use cases and user preferences. The ease of deployment and flexibility position MXW neXt 2 well for both ad-hoc and long-term needs with its ability to support spaces such as meeting rooms and classrooms throughout a campus for one-time events or permanently in spaces that require its use regularly.

    Certification with Microsoft Teams, and Zoom conferencing platforms, helps to ensure that organizations investing in MXW neXt 2 can expect consistent high performance and reliability.

     

    User Experience Analysis

     

    Our test setup was representative of many shared collaboration spaces. Users connect the MXWAPXD2 base station to their BYOD computers via USB cable, the same as they typically do with other AV peripherals (microphones, speakers, and cameras).

    The intuitive and minimal, yet comprehensive, controls and indicators on the MXWAPXD2 base station front panel offer an easy-to-use system. Users link their selected wireless microphone with the touch of a button, and within seconds are notified by an LED status indicator of their success (or failure). Similarly, battery charge status is easily determined from indicators on the base station and wireless microphone units. Although only two Microflex wireless microphones can be linked at one time, an unlimited number can be assigned to users. Instructors that share the same classroom or training room, or multiples of users who present consecutively in the same space, can easily and quickly link their microphones prior to presenting. Presenters that use different spaces with MWX neXt 2 installed can quickly link or charge microphones in any of those spaces.

    Another feature we found helpful is the easy access to mute controls on the base station and wireless transmitter microphones. We did note, however, that administrators and users must ensure they are in Conference mode when using video conferencing to enable mute sync across microphones and Microsoft Teams software. This function is not supported in Presentation or Direct modes, creating opportunities for an important capability to be unavailable when needed.

    The wireless microphones enable presenters to move anywhere within 150 feet (50 meters) from the base station, which supports multiple use cases and presentation styles. When a presenter reaches the end of wireless coverage, the RF Out of Coverage Range LED indicators on the base station and microphone flash red to alert them.

    In addition to being user-friendly, the MXW neXt 2 system is exceptional at audio capture and reinforcement for both in-room and remote participants in Conference mode, as noted in our tests across two equipped rooms. Audio was effectively captured as we moved throughout our room with no degradation for far-end participants. The same was true for the audio delivered to our room as far-end participants moved throughout their room.

    From a user perspective, the MXW neXt 2 stands out for its ability to harness complex technology to deliver the simplicity, flexibility, and performance that presenters must have to be effective for their entire audience, no matter where participants are located.

     

    Conclusion

    The Shure Microflex® Wireless neXt 2 Wireless Microphone System has successfully navigated the Frost & Sullivan Analyst Gauntlet. The system packs sophisticated technology into a solution that delivers the performance, flexibility and ease of use and administration that most IT decision-makers aspire to leverage when addressing the equity and reliability challenges of hybrid presentations, trainings, and meetings. The ability to mix and match from a catalog of microphones and quickly deploy the system at high density, if needed, enables buyers to address a broad spectrum of use cases, spaces, presenter preferences, and presenter styles. The new wireless microphone system integrates with a variety of Shure Microflex Ecosystem and third-party AV products as well as supports leading video conferencing software, all of which enables organizations to easily enhance the value and flexibility of those other investments by deploying MXW neXt 2.

    Click here to learn more.

    The post Shure Microflex® Wireless neXt 2 Wireless Microphone System Runs the Analyst Gauntlet appeared first on Frost & Sullivan.

    ]]>
    Tapping into the Cloud Communications Opportunity: Growth Strategies, Emerging Technologies, Key Providers, and Best Practices https://www.frost.com/growth-opportunity-news/information-communications-technology/unified-communications/tapping-into-the-cloud-communications-opportunity-growth-strategies-emerging-technologies-key-providers-and-best-practices-tgp-cim-rg/ Tue, 19 Nov 2024 04:06:31 +0000 https://www.frost.com/?p=22993542 The post Tapping into the Cloud Communications Opportunity: Growth Strategies, Emerging Technologies, Key Providers, and Best Practices appeared first on Frost & Sullivan.

    ]]>

    The cloud communications landscape is undergoing a dynamic transformation, with next generation Unified Communications and Collaboration (UC&C) solutions becoming increasingly essential for modern businesses. This change is catalysed by:

    • Emerging technologies like artificial intelligence (AI) and machine learning (ML) that are revolutionizing collaboration by powering virtual assistants, real-time transcription, and natural language processing (NLP).
    • The integration of the Internet of Things (IoT) and edge computing that is enabling real-time communications with minimized latency.
    • Smart meeting rooms, wearable communication devices, and intelligent interfaces becoming the norm, thereby fostering better collaboration and workflow automation.
    • The proliferation of 5G networks which promises ultra-fast speeds and low latency, unlocking the potential for advanced UC&C applications, such as immersive video conferencing and augmented reality (AR) collaboration tools.

    GROWTH OPPORTUNITIES IN THE SPOTLIGHT

    • Innovative Communications Platforms-as-a-Service (CPaaS) Offerings
    • Holistic Unified Communications-as-a-Service (UCaaS) Solutions 

    To know more about strategic imperatives, companies to action, and best practices in the dynamic UC&C ecosystem, click here.

    How Are Providers Adapting to this Transformation?
    With more interconnected systems and vast amounts of data flowing through cloud platforms, cybersecurity has become a top priority for providers. Robust security frameworks are now essential to protect sensitive business information and ensure compliance with evolving regulations, especially across geographically dispersed teams and communication devices.

    Moreover, the shift towards hybrid and remote work is also driving the need for mobility and personalization. As a result, providers are intensifying their focus on delivering programmable solutions that adapt to individual business needs and job functions. Those who successfully balance innovation, security, and user-centric design are poised to lead the next phase of the UC&C revolution.

    Download now to delve into the latest growth opportunities and best practices in the dynamic UC&C ecosystem.

    Which Growth Opportunities and Best Practices Should Businesses Prioritize?
    Harnessing Innovative CPaaS Offerings: As the need for agility, customer-centric communication, and digital transformation intensifies, CPaaS offerings are experiencing rapid growth and becoming essential components of modern enterprise communication strategies. These solutions represent a significant departure from how businesses customarily purchase and deploy communications. Now, organizations can leverage CPaaS to deliver their application’s communications features, which frees their developers to focus on mission-critical aspects.

    Companies to Action Delivering Future-Ready CPaaS

    • Twilio evolves beyond core API-driven communications to enhance customer experience (CX) through personalization and diverse channels. The company’s CPaaS platforms successfully integrate AI, chatbots, video, NLP, and frameworks for custom solutions.
    • Infobip, a global CPaaS leader, operates in 200+ countries with 800+ operator connections, offering secure omnichannel connectivity. Its CPaaS platform features messaging, voice, video, and authentication, along with modular tools for developers and programmers.
    • Vonage, a cloud communications leader, built the Vonage Communications Platform (VCP) through strategic acquisitions and organic growth. VCP offers UCaaS, Contact Center-as-a-Service (CCaaS), CPaaS, and conversational commerce via flexible APIs.

    Download now to know more.

    Capitalizing on Holistic UCaaS Solutions: With the rise of hybrid work and cloud adoption, businesses are prioritizing platforms that consolidate communication channels into one streamlined solution. Further, full-stack UCaaS has become a key requirement for companies seeking modern communication tools. Consequently, futuristic providers are leveraging converged communications platforms with AI at the core to develop integrated services suites that support multiple communications and collaboration modalities, mobility, contact center, analytics, and integrations with third-party solutions.

    Companies to Action in the UCaaS Landscape

    • Microsoft’s AI-infused portfolio integrates Teams with other Microsoft services, successfully driving productivity, personalized collaboration, and CX transformation.
    • Cisco‘s Webex portfolio delivers feature-rich, secure, and scalable cloud communications, including UCaaS, CCaaS, and CPaaS, integrating AI-powered tools for seamless collaboration, enhanced meetings, and real-time interactions.
    • Zoom is expanding from cloud meetings to become an end-to-end collaboration provider. The company’s evolving portfolio successfully integrates communication, productivity, and innovative services for diverse enterprise needs.

    Download now to know more.

    Ready to Lead the UC&C Revolution?
    In conclusion, businesses that embrace the latest UC&C innovations are not just enhancing communication — they’re building the foundation for successful digital transformation. Providers who prioritize agility, security, and mobility are well positioned to lead the charge in this new era of digital interaction. At Frost & Sullivan, we’re dedicated to helping organizations thrive amid this UC&C evolution. Download our latest Transformational Growth Perspectives to explore emerging trends, breakthrough technologies, leading providers, and winning strategies that will drive sustainable UC&C growth.

    Download now to delve into the latest growth opportunities and best practices in UC&C.

    The post Tapping into the Cloud Communications Opportunity: Growth Strategies, Emerging Technologies, Key Providers, and Best Practices appeared first on Frost & Sullivan.

    ]]>
    Strategic Imperatives to Succeed in China’s Thriving EV & Automotive Ecosystem https://www.frost.com/growth-opportunity-news/mobility-automotive-transportation/powertrain-electric-vehicles/strategic-imperatives-to-succeed-in-chinas-thriving-ev-automotive-ecosystem-topsi-cim-mk/ Mon, 18 Nov 2024 15:00:54 +0000 https://www.frost.com/?p=22993434 The post Strategic Imperatives to Succeed in China’s Thriving EV & Automotive Ecosystem appeared first on Frost & Sullivan.

    ]]>

    China’s Dominance in Automotive Sales and EV Growth

    China leads the light vehicle market:

    • 31.8% of all light vehicle sales globally in 2023
    • Over 25 million units sold
    • Annual growth rate: 11.2%

    China is a key participant in the global EV ecosystem:

    • Europe: 1.7 million EV units (2023)
    • North America: 1.46 million EV units
    • Canada & Japan: 150,000 units each

    India: 80,000 units

    As a powerhouse in the global automotive industry, China is transforming vehicle innovation, electrification, and connectivity. The automotive hotspot’s connected vehicles ecosystem now rivals North America’s, with an expanding network of cities offering robo-taxi services, and passenger vehicles with digital interfaces. The country’s automotive sales nearly double that of the United States, marking an impressive 11.2% annual growth rate. This year alone, over 100 new electric vehicle models are being launched by Chinese EV companies, especially across Europe, Asia, and North America.

    The contribution of Chinese automakers to the global EV and automotive value chain cannot be overstated, whether it’s shared mobility, aftermarket solutions, or automotive innovations.

    Hence, for businesses launching electric cars in China, partnering with Chinese automakers, or tapping into its automotive evolution, it’s crucial to identify the right automotive growth strategies that can unlock innovative business growth. Below, we’ve curated a list of crucial strategic imperatives to help you get started on your journey towards success.

    Sustainable Business Strategies in China’s Automotive Industry

    Transformative Megatrends

    • Rising Electrification: Sales figures for electric cars in China are expected to triple by 2030, presenting a perfect opportunity for manufacturers to expand the EV ecosystem via accessible charging stations and battery-swappable vehicles that boost customer convenience.
    • China’s Connected Vehicles: Autonomous trends are advancing rapidly in the region, with new connected vehicles leveraging AI, Internet of Things (IoT), and Big Data to transform logistics and
      e-commerce in China.

    Competitive Intensity

    • Differentiation and Personalization: The large variety of electric cars in China and government incentives are helping OEMs cater to diverse customer preferences and expand their competitive edge.
    • Foreign Market Penetration: To enter international automotive markets, Chinese EV companies are harnessing unique partnerships and collaborating with non-automotive players.

    Disruptive Technologies

    • Software-Defined Vehicles: Leading Chinese EV companies like BYD, Nio, XPeng, and BAIC are prioritizing software-defined product design, elevating auto parts manufacturers in China with smart updates and data-driven services.
    • Digital Aftermarket Solutions: Leveraging AI, IoT, and the latest innovations, Chinese automakers are providing efficient and personalized vehicle maintenance, seamless parts supply and warehouse management, and even automated field services operations.
    • Digitalized Driving Experiences: An increasingly younger driver base is seeking digital innovations, including features-on-demand (FoD) and Advanced Driver Assistance Systems (ADAS).

    Geopolitical Chaos

    • Global Expansion: Chinese automakers are overcoming regulatory barriers abroad by vertically integrating and partnering with favorable regions, especially in Asia-Pacific.

    If you’re unsure how to effectively leverage these strategic imperatives to your advantage, Frost & Sullivan’s team of growth experts is on hand to assist you in tackling and overcoming constraints while identifying fresh growth prospects for your organization. Unlock innovative business growth right away — Click here to engage with our Growth Experts.

    Is your team ready to harness lucrative growth opportunities and achieve competitive success in a competitive ecosystem?

    The post Strategic Imperatives to Succeed in China’s Thriving EV & Automotive Ecosystem appeared first on Frost & Sullivan.

    ]]>
    10 Essential Growth Strategies to Optimize Coatings, Adhesives, and Lubricants in Modern Auto Manufacturing https://www.frost.com/growth-opportunity-news/10-essential-growth-strategies-to-optimize-coatings-adhesives-and-lubricants-in-modern-auto-manufacturing-topsi-cim-mk/ Mon, 18 Nov 2024 15:00:01 +0000 https://www.frost.com/?p=22993430 As the automotive industry pivots towards electric and hybrid vehicles, it is the steady supply of essential materials such as automotive adhesives and sealants, and vehicle coatings, that helps meet unique demands. For electric vehicle (EV) batteries, these materials are fulfilling thermal, electrical, and fire protection requirements, bolstering safety and performance. Innovative acoustic insulation materials, […]

    The post 10 Essential Growth Strategies to Optimize Coatings, Adhesives, and Lubricants in Modern Auto Manufacturing appeared first on Frost & Sullivan.

    ]]>
    As the automotive industry pivots towards electric and hybrid vehicles, it is the steady supply of essential materials such as automotive adhesives and sealants, and vehicle coatings, that helps meet unique demands. For electric vehicle (EV) batteries, these materials are fulfilling thermal, electrical, and fire protection requirements, bolstering safety and performance. Innovative acoustic insulation materials, on the other hand, are enhancing insulation for quieter EV powertrains, while eTransmission fluids and other automotive lubricants are assuring high levels of efficiency. Moreover, the demand for sustainable, low volatile organic compound (VOC) coatings, bio-based materials, and recyclable formulations is gaining traction as automakers seek eco-friendly solutions.

    But which innovative business strategies can automakers adopt to capitalize on these opportunities?

    Frost & Sullivan’s growth experts have identified ten key strategies for automotive manufacturers and suppliers to navigate this dynamic landscape, fostering innovation, leveraging sustainable growth strategies, and staying competitive in a rapidly evolving market. Read on to learn more.

    Automotive Coatings 

    • Navigating Transformative Megatrends: Automotive design is advancing with features like sensors and cameras for enhanced driver assistance. Automotive coating suppliers are innovating to effectively ‘coat’ these high-tech additions without interfering with vehicle functioning.
    • Overcoming Geopolitical Constraints with Seamless Coatings Supply: Refinish automotive coating providers are assisting body shops by offering faster, waste-reducing products to optimize resources and maintain efficiency amid global disruptions.
    • Color Selection Through Disruptive Technologies: Digital visualization tools are revolutionizing vehicle manufacturing, helping OEMs and consumers personalize car finishes, showcasing color options with enhanced precision.

    Automotive Adhesives and Sealants

    • Harnessing Safety and Sustainability Trends: Thermal, electrical, and flame-retardant adhesive tapes are in demand, addressing the safety needs of technologically advanced vehicles with complex circuitry.
    • Disruptive Innovations for Assembly Efficiency: Automated tape application technology supports the automotive and electronics industries by improving assembly efficiency and quality.
    • Achieving Industrial Convergence: Automotive adhesives and sealants manufacturers are collaborating with providers of materials like structural foams and reinforcers, building components with enhanced functionality to elevate automotive applications.
    • Gaining an Edge Amid Increasing Competitive Intensity: Building expertise in automotive-specific needs is proving crucial for sealant manufacturers aiming to enter adjacent product lines and increase their market share.

    Click here to explore our expert analysis, Global Automotive Adhesives and Sealants Growth Opportunities

    Automotive Lubricants

    • Leveraging Lubricants For Electrification: With EVs on the rise, eFluids are filling the void left by declining demand for engine oils, presenting opportunities for lubricant providers — from hydraulics to brake fluids.
    • Innovative Business Models in Lubrication Services: Lubrication-as-a-Service (LaaS) is changing the industry, allowing real-time monitoring and optimization of automotive lubricants, which reduces waste and enhances vehicle performance.

    Click here to explore our in-depth expert analysis, Global Automotive Lubricants Growth Opportunities

    Other Advanced Materials

    • Key Innovations in Automotive Plastics and Composites: The integration of sensors, LiDAR, Radar, and advanced driver assistance systems (ADAS) in vehicles is driving demand for specialized automotive materials. From durable plastics to acoustic insulation for EV noise suppression, these disruptions offer automotive manufacturers the chance to innovate, decarbonize, and improve overall safety in electric and autonomous vehicles.

    Has your team identified sustainable growth strategies associated with these strategic imperatives?

    If not, Frost & Sullivan’s team of growth experts is on hand to assist you in identifying innovative business strategies and overcoming the challenges posed by the strategic imperatives highlighted above, while identifying fresh growth prospects for your organization. Click here to engage with our Growth Experts now!

    The post 10 Essential Growth Strategies to Optimize Coatings, Adhesives, and Lubricants in Modern Auto Manufacturing appeared first on Frost & Sullivan.

    ]]>
    Nutricosmetics Ingredients Driving the Future of Beauty Supplements https://www.frost.com/growth-opportunity-news/chemicals-materials-nutrition/materials/nutricosmetics-ingredients-driving-the-future-of-beauty-supplements-tgc-cim-mk/ Mon, 18 Nov 2024 09:00:16 +0000 https://www.frost.com/?p=22993508 What are Nutricosmetics? Nutricosmetics are a fast-growing category of nutraceuticals focused on enhancing beauty from the inside out. Unlike traditional topical cosmetics, these supplements work internally to address skin, hair, and nail health. Available in a variety of forms like pills, gummies, liquids, powders, and tablets, these contain active ingredients like vitamins, minerals, and botanical […]

    The post Nutricosmetics Ingredients Driving the Future of Beauty Supplements appeared first on Frost & Sullivan.

    ]]>
    What are Nutricosmetics?
    Nutricosmetics are a fast-growing category of nutraceuticals focused on enhancing beauty from the inside out. Unlike traditional topical cosmetics, these supplements work internally to address skin, hair, and nail health. Available in a variety of forms like pills, gummies, liquids, powders, and tablets, these contain active ingredients like vitamins, minerals, and botanical extracts that support cell growth, hydration, and elasticity.

    Click here to access our growth analysis on emerging nutricosmetics technologies.

    Why are they in focus?
    As people prioritize health and seek holistic skincare, nutricosmetics ingredients are becoming popular, with consumers turning to these supplements to combat the effects of environmental stress and lifestyle factors. This sector is essentially witnessing rapid innovation through advanced delivery systems and novel formulation techniques.

    Which strategic imperatives are defining this rising ecosystem?
    The nutricosmetics industry is experiencing the emergence of new pathways for brands and formulators to adopt in their business growth strategies:

    • Industry Convergence: The merging of cosmetics and nutraceuticals is leading to multifunctional products addressing skin health from within. As the demand for holistic solutions grows, brands are expanding their product lines to provide multi-benefit supplements.
    • Transformative Megatrends: Sustainable innovation is now a key consumer demand. Brands are focusing on eco-friendly, plant-based nutricosmetics ingredients that support the ‘beauty-from-within’ trend, appealing to consumers’ ethical and environmental concerns.
    • Disruptive Technologies: Advanced technologies are transforming nutricosmetics, especially nanotechnology and AI-driven personalization. These solutions help tailor supplements to specific needs, enhancing product effectiveness and user experience.


    Companies, Technology, and Innovations Shaping Nutricosmetics
    Nutricosmetic innovators like Novozymes and Kerry Group are setting benchmarks by introducing cutting-edge technologies and personalized approaches. Here is how the future of nutricosmetics is expected to shape:

    • Advanced Delivery Innovations: Encapsulation and nanotechnology will continue to enhance ingredient stability, resulting in food supplements for skin, hair, and more, targeting person-to-person concerns for maximum effectiveness.
    • Next-Generation Formulations: Solutions like 3D hydrogel polymers and taste-masking tech will ensure enhanced user experience, especially with plant-based ingredients.
    • Digital Integration: Advancement in AI-driven personalization and virtual reality/augmented platforms will continue to transform consumer experiences, offering tailored recommendations and enabling users to visualize benefits in real time.

    These advancements unlock new growth opportunities and make sustainable innovation possible, allowing brands to meet consumer demands for personalized and functional nutraceuticals. Click here to access our growth analysis on emerging nutricosmetics technologies.

    Gain perspectives into these technologies, their growth potential, challenges, and the key players shaping the future of nutricosmetics in Frost & Sullivan’s latest analysis. Download now for comprehensive perspectives!

    The post Nutricosmetics Ingredients Driving the Future of Beauty Supplements appeared first on Frost & Sullivan.

    ]]>
    Unlocking Growth in the Automotive Industry in Mexico, Brazil and The Caribbean https://www.frost.com/growth-opportunity-news/unlocking-growth-in-the-automotive-industry-in-mexico-brazil-and-the-caribbean-tgc-cim-mk/ Mon, 18 Nov 2024 09:00:11 +0000 https://www.frost.com/?p=22993527 Latin America, Central America, and the Caribbean are witnessing unprecedented automotive growth, propelled by emerging technologies, changing consumer preferences, and innovative business models. From Mexico’s booming car rental market to Brazil’s transformation in electric vehicles, the entire region is filled with growth potential. Mexico: Pioneering New Leasing Models What’s Happening? In 2023, Mexico’s vehicle subscription […]

    The post Unlocking Growth in the Automotive Industry in Mexico, Brazil and The Caribbean appeared first on Frost & Sullivan.

    ]]>
    Latin America, Central America, and the Caribbean are witnessing unprecedented automotive growth, propelled by emerging technologies, changing consumer preferences, and innovative business models. From Mexico’s booming car rental market to Brazil’s transformation in electric vehicles, the entire region is filled with growth potential.

    Mexico: Pioneering New Leasing Models

    What’s Happening?
    In 2023, Mexico’s vehicle subscription market reached 1,857 units and will have grown an impressive 42% by 2024 year-end — and it is the Non-OEMs (original equipment manufacturers) and startups who are leading the charge. This growing sector aligns with consumer needs for flexible, convenient car access, enhancing the automotive industry in Mexico.

    Key Growth Opportunities
    The vehicle subscription ecosystem offers a promising avenue for introducing electric vehicles (EVs), such as plug-in hybrids (PHEVs) and battery electric vehicles (BEVs), into Mexico’s automotive landscape. This shift could attract both individual consumers and corporate clients, eager for sustainable and affordable vehicle solutions.

    Strategic Imperatives for Success

    1. Transformative Megatrends: Vehicle subscription models offer a cost-effective alternative in a region where car acquisition and maintenance are often financially burdensome. Educating potential customers over the next 2–4 years could be a pivotal growth strategy.
    2. Innovative Business Models: The subscription model holds strong potential in the shared mobility domain, particularly for ride-hailing, food delivery, and last-mile logistics. By covering extra costs, car companies could significantly boost competitiveness.

    Competitive Advantage: While traditional OEMs have yet to enter the vehicle subscription market in Mexico, they may launch similar services within 1–3 years. Integrating hybrid and electric vehicles and offering value-added services could be key to customer retention in this evolving ecosystem.

    Click here to discover more growth opportunities emerging in Mexico’s automotive industry.

    Brazil: A Hotspot for Automotive Expansion

    What’s Happening?
    As the largest automotive market in Latin America, Brazil expects to sell 2.4 million units in 2024, reflecting an 8% growth rate. With $400 billion allocated to infrastructure investments between 2024 and 2026 under the Growth Acceleration Program and New Industrial Policy, significant growth is expected for multiple sectors within the automotive industry in Brazil.

    Key Growth Opportunities
    OEMs, rental companies, and leasing firms have immense potential to adopt vehicle subscription models, aligning with the segment’s popularity. Collaborations between OEMs and rental companies, such as those between Audi, Volkswagen, and LM Soluções de Mobilidade, exemplify the power of partnerships in the Brazilian ecosystem.

    Strategic Imperatives for Success

    1. Transformative Megatrends: EVs are gaining traction in Brazil, driven by growing consumer awareness and an increasing array of available models from OEMs.
    2. Competitive Intensity: Chinese OEMs are expanding their presence amid the automotive industry in Latin America — especially Brazil — by establishing dealerships or forging partnerships, creating a more competitive landscape and encouraging local players to enhance their offerings and pricing.
    3. Innovative Business Models: Automakers are also enhancing their digital connectivity services, boosting competitiveness and customer loyalty across the automotive industry in Brazil.

    Click here to discover more growth opportunities emerging in Brazil’s automotive industry.

    The Caribbean: An Evolving Automotive Space

    What’s Happening?
    The Caribbean automotive market has rebounded post-COVID, with rising vehicle sales driven by stable fuel prices, a growing demand for SUVs, and innovative banking and financial services. The entry of Chinese OEMs and EV models is further fueling this momentum within the automotive industry in the Caribbean.

    Key Growth Opportunities
    An enhanced customer experience is becoming the leading differentiator in the Caribbean. Companies are leveraging digital tools like augmented reality (AR) to facilitate virtual showrooms, offering contactless, engaging car-buying experiences that stand out in a competitive environment.

    Strategic Imperatives for Success

    1. Geopolitical Impact: Regional dealerships are welcoming Chinese OEMs and exploring diversified vehicle segments to capture competitive industry share.
    2. Innovative Business Models: Traditional OEMs are exploring advanced vehicle technologies and new business models, broadening their reach in the automotive industry in the Caribbean.
    3. Transformative Megatrends: By targeting multiple megatrends simultaneously, companies are realizing synergistic benefits. Government funding and regulatory expansion across converging megatrends are key growth drivers.

    Click here to discover more growth opportunities emerging in The Caribbean’s automotive industry.

    Get Ahead with Strategic Insights from Frost & Sullivan
    Frost & Sullivan provides detailed analyses on the automotive industry across Latin America, Central America, and the Caribbean, highlighting transformative trends, emerging growth opportunities, and competitive dynamics to keep your business one step ahead. Download our exclusive perspectives on the automotive industry in Brazil and Mexico, and the evolving markets in the Caribbean to gain a strategic advantage.

    The post Unlocking Growth in the Automotive Industry in Mexico, Brazil and The Caribbean appeared first on Frost & Sullivan.

    ]]>
    Growth Opportunities Transforming the Coatings Industry: From Advanced Fire Protection to Sustainable Packaging https://www.frost.com/growth-opportunity-news/chemicals-materials-nutrition/materials/growth-opportunities-transforming-the-coatings-industry-from-advanced-fire-protection-to-sustainable-packaging-tgp-cim-mk/ Mon, 18 Nov 2024 09:00:11 +0000 https://www.frost.com/?p=22993522 The global coatings industry is experiencing transformative growth, driven by advancements across diverse sectors and a rising emphasis on sustainability. This evolution is paving the way for enhanced applications, from advanced fire protection coatings to innovative aerospace coatings, that meet demanding performance standards. At the forefront of eco-friendly innovation, radiation-cured coatings offer rapid curing times […]

    The post Growth Opportunities Transforming the Coatings Industry: From Advanced Fire Protection to Sustainable Packaging appeared first on Frost & Sullivan.

    ]]>
    The global coatings industry is experiencing transformative growth, driven by advancements across diverse sectors and a rising emphasis on sustainability. This evolution is paving the way for enhanced applications, from advanced fire protection coatings to innovative aerospace coatings, that meet demanding performance standards. At the forefront of eco-friendly innovation, radiation-cured coatings offer rapid curing times with lower environmental impact, while sustainable packaging coatings support the push for circular economy solutions through recyclable and biodegradable options.

    The Coatings Ecosystem: Innovations Across Industries

    Sustainable Packaging Coatings: As countries combat carbon emissions, sustainable packaging coatings are becoming essential to reduce landfill waste, especially for industries like food, pharmaceuticals, and personal care. These barrier coatings ensure packaging durability, optimal performance, and minimized material use.

    Aerospace Coatings: Aerospace demands high durability and ultraviolet resistance. New aircraft coatings are being designed to withstand UV exposure, maintain color, and offer superior corrosion / chemical resistance. Polyurethane, epoxy, and fluoropolymers remain key in aerospace coatings to protect all surfaces and support structural integrity.

    Fire Protection Coatings: As industries like oil and gas prioritize safety, fire protection coatings safeguard infrastructure against fire hazards. These solutions meet stringent legislative standards, particularly hydrocarbon fire protection coatings, which are engineered for long-term compliance and resilience in high-risk industrial settings.

    Radiation-Cured Coatings: Revolutionizing electronics, automotive, and furniture, radiation-cured coatings offer rapid, eco-friendly curing with UV powder technology, ideal for materials like medium-density fiberboard (MDF) wood. This approach reduces energy use and enables a low-temperature curing process, promoting green / efficient production.

    Learn more here

    Driving Business Success in the Global Coatings Industry
    Understanding the rapid evolution of coatings is essential to achieving competitive advantage. Frost & Sullivan’s Growth Experts are here to provide strategic imperatives and comprehensive reports tailored to help leaders in the coatings industry develop business growth strategies for success. Discover actionable opportunities and trends in our four latest growth analyses on the global coatings industry:

    • Fire Protection Coatings’ Growth Opportunities, Global, 2024-2030
    • Aerospace Coatings, Adhesives, and Sealants, Global, 2023–2030
    • Innovative Radiation-Cured Coatings’ Growth Opportunities
    • Packaging Coatings: Glass, Plastic, and Paper, Global, 2023–2030

    Click here to explore insights from each of these growth analyses and give a head-start to your success journey.

    What’s Inside Our Transformational Growth Perspectives?
    Our Transformational Growth Perspectives summarize the above-mentioned reports, delivering in-depth perspectives, practical strategies, and expert viewpoints to navigate the complex coatings industry:

    • Key Growth Opportunities: Discover strategic initiatives and emerging growth areas across the coatings ecosystem.
    • Strategic Imperatives: Learn how industry leaders leverage megatrends and innovative business models for enduring success.
    • Expert Perspectives: Access insights from Frost & Sullivan’s experts to help you stay ahead in the evolving global coatings industry.

    Ready to seize new growth potential? Download our Transformational Growth Perspectives and drive success in the coatings sector.

    The post Growth Opportunities Transforming the Coatings Industry: From Advanced Fire Protection to Sustainable Packaging appeared first on Frost & Sullivan.

    ]]>
    How Technology Is Revolutionizing the Commercial Aviation Industry: Top 10 Strategic Imperatives https://www.frost.com/growth-opportunity-news/aerospace-defense/defense-industry/how-technology-is-revolutionizing-the-commercial-aviation-industry-top-10-strategic-imperatives-cim-ps/ Mon, 18 Nov 2024 05:02:32 +0000 https://www.frost.com/?p=22993534 The commercial aviation industry is welcoming a new era. With international air transport expected to double by 2037, airline companies and tech innovators are embracing disruptive technologies to meet the surging demand for efficiency, sustainability, and enhanced passenger experience. From electric vertical take-off and landing (eVTOL) aircraft revolutionizing urban mobility to AI-powered operations optimizing everything […]

    The post How Technology Is Revolutionizing the Commercial Aviation Industry: Top 10 Strategic Imperatives appeared first on Frost & Sullivan.

    ]]>
    The commercial aviation industry is welcoming a new era. With international air transport expected to double by 2037, airline companies and tech innovators are embracing disruptive technologies to meet the surging demand for efficiency, sustainability, and enhanced passenger experience.

    From electric vertical take-off and landing (eVTOL) aircraft revolutionizing urban mobility to AI-powered operations optimizing everything from booking to flight schedules, the current state of aviation business is reshaping itself. These 10 strategic imperatives are propelling the industry into the future, promising a greener, smarter, and more connected world of travel.

    1. Disruptive Technologies

    Revolutionizing Urban Travel with eVTOL Aircraft

    Transforming urban mobility by integrating eVTOL aircraft technology into commercial aviation to enable faster, more sustainable transportation across crowded urban environments. Reducing travel times, minimizing traffic congestion, and lowering emissions to pave the way for a new era of efficient, eco-friendly air travel.

    1. Industry Convergence

    Partnering with Tech Giants for AI-Driven Operations

    Partnering with tech giants to integrate AI across operations to optimize commercial flights’ schedule, improve operational efficiency and enhance customer experience. Leveraging AI to streamline everything from ground operations to air traffic management.

    1. Transformative Megatrends

    Advancing Sustainability with Green Aviation Fuels

    Leveraging innovative biofuels and synthetic fuels to reduce carbon emissions, enhance fuel efficiency, and support the industry’s transition toward a more sustainable future, while abiding by the regulatory compliances.

    1. Geopolitical Chaos

    Adapting to Regional Conflicts and Instability

    Strengthening operational resilience by adapting airline routes and implementing enhanced security protocols to mitigate risks in volatile regions. Leveraging real-time data and geopolitical analysis to ensure passenger safety and maintain reliable connectivity across affected areas.

    1. Compression of Value Chains

    Enhancing Customer Experience with AI Chatbot Booking

    Streamlining the airline booking process and enhancing customer convenience by leveraging AI chatbots for direct booking at airline companies. Allowing customers to book commercial flights, get real-time information, and resolve queries instantly, while reducing operational costs associated with traditional customer service.

    READ MORE: Top Growth Opportunities in Commercial Aerospace Digital Solutions Industry, 2024-2033

    1. Industry Convergence

    Fostering Joint Ventures for Sustainable Fuel Production

    Collaborating across industries to advance eco-friendly aviation solutions by establishing partnerships for sustainable fuel development. Combining resources and expertise from energy and aviation industries to accelerate production, reduce emissions, and meet evolving environmental regulations.

    1. Geopolitical Chaos

    Mitigating Impacts of Trade Wars on Supply Chains

    Implementing strategies to mitigate the impact of trade tensions impacting the supply chain by diversifying suppliers and enhancing inventory management. Maintaining continuity and reducing disruptions, ensuring smoother operations in a challenging trade environment.

    1. Innovative Business Models

    Boosting Revenue with AI-Powered Dynamic Pricing

    Embracing AI-driven dynamic pricing models that adapt ticket prices based on demand, seasonality, and customer profiles. Maximizing revenue with this advanced pricing strategy while providing passengers with personalized pricing options, making air travel more accessible and flexible.

    1. Compression of Value Chains

    Tracking Cargo in Real-Time with IoT Integration

    Integrating end-to-end cargo tracking systems by utilizing Internet of Things (IoT) and advanced tracking solutions. Monitoring cargo movements in real-time, enhancing transparency and efficiency required to meet the growing demands in e-commerce and ensuring timely delivery of goods across borders.

    1. Industry Convergence

    Transforming Airports into Smart Hubs with IoT

    Creating smart airports by harnessing IoT for seamless passenger experiences, including real-time updates and enhanced security. Supporting seamless travel, reducing wait times and boosting overall satisfaction for millions of travelers worldwide.

    Are you leveraging these critical imperatives to unlock new growth opportunities in the evolving aviation industry?

    Frost & Sullivan’s growth experts offer personalized coaching to help you overcome challenges and unlock new opportunities for expansion. By tapping into their deep expertise, you get the pathway and tools required to navigate the competitive landscape of the evolving defense industry. You will also discover innovative strategies to accelerate your organization’s growth.

    Begin your transformation journey with us today.

    The post How Technology Is Revolutionizing the Commercial Aviation Industry: Top 10 Strategic Imperatives appeared first on Frost & Sullivan.

    ]]>
    Driving Sustainability in the Chemical Industry Ecosystem https://www.frost.com/growth-opportunity-news/chemical-industry-trends-for-sustainable-business-growth-tjstory-cim-mk/ Fri, 15 Nov 2024 13:21:22 +0000 https://www.frost.com/?p=22993415 The post Driving Sustainability in the Chemical Industry Ecosystem appeared first on Frost & Sullivan.

    ]]>

    A global push towards decarbonization is redefining the chemical industry, where companies face mounting pressure to shift from fossil fuels and reduce their carbon footprint. Today, sustainable manufacturing is a shared goal across the ecosystem, from chemical manufacturing companies and recycling companies to technology providers and downstream industries. Embracing this shift means fostering a low-carbon future for both the chemical domain and the end-use markets it serves.

    Different stakeholders in the ecosystem are together paving the way for sustainable business growth:

     

    Chemical Manufacturing Companies: Advancements in digitalization, electrification, and automation, are enabling eco-friendly design principles and the use of recycled or bio-based materials, setting a new benchmark for sustainable chemical manufacturing.            

    Technology Providers: With innovations like AI, edge computing, and 5G, technology providers are equipping chemical manufacturing companies to optimize processes, explore eco-friendly compounds, reduce waste, and bring sustainability in the chemical industry to the forefront.    

    Recycling Companies: Recycling plays a crucial role in the chemical industry’s renewed eco-friendly approach. Advanced recycling technologies help minimize plastic waste, recover valuable resources, and mitigate the effects of hazardous chemicals on the environment.      

    Downstream Industries: As sectors like automotive and electronics are focusing on decarbonization, new opportunities for sustainable chemical compounds are emerging. For example, electrification has driven demand for eco-friendly battery materials, pushing chemical manufacturing companies to innovate.

    Raw Material Suppliers: Sustainable raw material sourcing ensures a steady, eco-friendly supply chain. Automotive OEMs, for instance, are investing in secondary sources to support green logistics and leverage alternative battery metals that consume less energy while remaining cost effective.

    Companies to Action
    Leading the Way to Sustainability in the Chemical Industry.

    Key players are developing advanced technologies and eco-friendly practices to reduce their environmental impact and meet the growing demand for green solutions. Here are some innovators leading the charge:

    • BASF’s ChemCycling Initiative: Through depolymerization, BASF’s ChemCycling process breaks down PET plastics into reusable monomers, advancing circular economy practices.
    • Advancements in Recycling: Recycling companies like RecycLiCo Battery Materials Inc. are developing technologies that enable the chemical industry to mitigate the effects of hazardous waste, promote upcycling, and support sustainable business growth.
    • Commitment to Decarbonization: BASF and other leading chemical manufacturing companies are embedding decarbonization across supply chains, processes, and product portfolios, setting a standard for sustainability and long-term growth.

    Are you leveraging chemical industry trends favored by ecosystem leaders to integrate sustainability in your chemical manufacturing process? Access our growth analysis to get started!

    Learn how to lead sustainable manufacturing in the chemical industry: Access our growth analysis here to get started.

    Collaborations Driving Sustainable Business Growth

    In the evolving landscape of sustainable manufacturing, ecosystem collaboration is becoming critical. Every partnership — from regulatory alliances to alternative energy innovations — drives the chemical industry’s journey toward decarbonization. Here’s how these collaborations are unlocking growth:

    • Regulatory and Government Partnerships: To stay compliant with shifting regulations like plastic bans and minimum recycled content mandates, chemical companies are investing in R&D and aligning with government initiatives, enhancing sustainable business growth.
    • Alternative Fuels: The shift to low-carbon energy sources like green ammonia and sustainable aviation fuel (SAF) is redefining fuel production. This transition relies on new market players establishing robust supply chains to ensure raw material availability for chemical manufacturers.
    • Diversification Beyond Chemicals: With increased regulation, chemical companies are partnering with technology enablers to provide digital and service-based solutions. App-controlled delivery, data analytics, and subscription models are reshaping chemical manufacturing companies, creating adjacent revenue opportunities and new ways to achieve sustainability.
    • AI for Chemical Infrastructure and Material Design: Automation and AI solution companies are helping chemical manufacturers optimize operations, enhance safety, and improve decision-making. AI-driven research is accelerating material discovery, reducing the costs of traditional R&D, and fostering sustainable business growth.

    Is your company capitalizing on these collaboration-focused chemical industry trends to drive sustainable growth? Speak to our growth experts here to optimize your partnership strategy.

    About Frost & Sullivan

    Frost & Sullivan, the growth pipeline company, enables clients to accelerate growth and achieve best-in-class industry positioning in terms of innovation and leadership. The company’s ‘Growth Pipeline-as-a-Service’ provides corporate management teams with transformational strategies and best practice models that catalyze growth opportunity generation, evaluation, and implementation. Let us coach you on your transformational journey, while we actively support you in fostering collaborative initiatives within the global chemical industry ecosystem. This journey is fueled by four powerful components, ensuring your success in navigating dynamic business and industry landscapes.

     

    • Schedule a Growth Dialog with our team to dive deeper into transformational strategies and explore specific needs within your company.
    • Become a Frost Growth Expert in your area of specialization and share your expertise and passion with the community through our think tanks.
    • Join Frost & Sullivan’s Growth Council and become an integral member of a dynamic community focused on identifying growth opportunities and addressing critical challenges that influence industries.
    • Designate your company as a Companies to Action to maximize your exposure to investors, new M&A opportunities, and other growth prospects.

    The post Driving Sustainability in the Chemical Industry Ecosystem appeared first on Frost & Sullivan.

    ]]>
    Cisco Earns Frost & Sullivan’s 2024 Global Company of the Year Award for Transforming IoT Connectivity with Its Comprehensive IoT Control Center and Mobility Services Platform https://www.frost.com/news/press-releases/cisco-earns-frost-sullivans-2024-global-company-of-the-year-award-for-transforming-iot-connectivity-with-its-comprehensive-iot-control-center-and-mobility-services-platform/ Thu, 14 Nov 2024 16:00:33 +0000 https://www.frost.com/?p=22993311 Cisco is leading the IoT revolution with its sophisticated cloud-driven automation, providing enterprises with the seamless management of billions of connected devices across industries, including manufacturing, mining, healthcare, automotive, and utilities.

    The post Cisco Earns Frost & Sullivan’s 2024 Global Company of the Year Award for Transforming IoT Connectivity with Its Comprehensive IoT Control Center and Mobility Services Platform appeared first on Frost & Sullivan.

    ]]>
    San Antonio, TX — November 14, 2024 — Frost & Sullivan recently researched the Mobile IoT Platforms industry and based on its findings, recognized Cisco with the 2024 Global Company of the Year Award. Cisco is a world-leading networking and telecommunications hardware, software, and technology provider that excels in developing and deploying advanced IoT and mobility solutions.

    Cisco’s groundbreaking IoT Control Center and Mobility Services Platform help businesses manage and connect IoT devices and networks. Together they simplify the integration, management, and security of IoT networks, providing scalable solutions that address the increasing demand for connected devices. Cisco’s IoT Control Center enables seamless device connectivity, provisioning, and management at scale, helping businesses streamline operations and improve efficiency. The platform is also highly automated, has thousands of rules for various IoT use cases, and integrates advanced artificial intelligence (AI) and machine learning (ML) capabilities to optimize performance.

    The company’s trendsetting approach to IoT connectivity management is further enhanced by its collaboration with communication service providers. This collaboration accelerates the deployment of IoT devices and offers secure connectivity across public and private networks, positioning Cisco as a global leader in IoT and ensuring sustained growth and a superior customer experience.

    “The Cisco IoT Control Center and Mobility Services Platform demonstrate Cisco’s commitment to addressing unmet needs in the dynamic domain of IoT and wireless connectivity,” said Renato Pasquini, Research Vice President at Frost & Sullivan.

    By continuing to innovate and expand its IoT and 5G offerings, Cisco provides services providers and enterprises with the tools to meet the growing demand for secure, scalable, and cost-effective IoT solutions, ensuring they remain competitive in a rapidly evolving digital landscape. The Cisco Mobility Services Platform, which includes its public and private 5G offerings, accelerates the deployment of secure, high-bandwidth, and low-latency services. Additionally, Cisco’s innovative mass-scale IoT solutions and integration of AI- and ML-based cost optimization and anomaly detection tools clearly demonstrate the company’s forward-thinking approach to IoT management. Cisco’s multiple licensing tiers provide consumption model options while addressing nearly all conceivable IoT use cases.

    Moreover, Cisco’s influence in the IoT sector extends to more than 60 telecom operators globally, including giants like AT&T and Telstra. These partnerships, coupled with Cisco’s commitment to improving the customer experience, solidify its position as the Global Company of the Year and set the company apart as one of the most promising businesses in the mobile IoT platforms industry.

    “Cisco’s managed IoT devices grew from 222 million in 2022 to 256 million in 2023, with significant contribution of connected cars, that represented 103 million of the total connections in 2023. In addition to connected cars, Cisco has a strong presence in applications such as smart meters, fleet management telematics, security and automation and retail point of sale (PoS), which helps propel sustained growth and creates a strong leadership position,” noted Pasquini. More than 50 percent of this device base is served by a Cisco-hosted core network integrated with IoT Control Center, enabling Cisco to rapidly deliver innovations, especially for sophisticated use cases like connected cars.

    “Being named Frost & Sullivan’s 2024 Company of the Year in the Mobile IoT Industry is a tremendous honor,” said Masum Mir, Senior Vice President and General Manager for Cisco Networking’s Provider Mobility business. “Cisco IoT Control Center supercharges our Mobility Services Platform, delivering unparalleled management and control over IoT devices across diverse mobile networks. This streamlines operations and empowers businesses to scale their connected services with ease.”

    The post Cisco Earns Frost & Sullivan’s 2024 Global Company of the Year Award for Transforming IoT Connectivity with Its Comprehensive IoT Control Center and Mobility Services Platform appeared first on Frost & Sullivan.

    ]]>
    Frost & Sullivan Launches FrostAI to Help Organisations Identify and Leverage Growth Opportunities https://www.frost.com/growth-opportunity-news/frost-sullivan-launches-frostai-to-help-organisations-identify-and-leverage-growth-opportunities/ Thu, 14 Nov 2024 08:02:53 +0000 https://www.frost.com/?p=22993506 Accelerating your Transformational Growth Journey: FrostAI’s elevated user experience acts as your company’s Growth Partner London, UK, 14 November 2024 — Frost & Sullivan proudly announces the launch of FrostAI, designed to transform the way organisations access and utilise industry insights. FrostAI uses advanced natural language processing (NLP) to allow users to interact with its analytics […]

    The post Frost & Sullivan Launches FrostAI to Help Organisations Identify and Leverage Growth Opportunities appeared first on Frost & Sullivan.

    ]]>
    Accelerating your Transformational Growth Journey: FrostAI’s elevated user experience acts as your company’s Growth Partner

    London, UK, 14 November 2024 — Frost & Sullivan proudly announces the launch of FrostAI, designed to transform the way organisations access and utilise industry insights. FrostAI uses advanced natural language processing (NLP) to allow users to interact with its analytics platform in conversational language, moving beyond traditional keyword limitations. By simply asking questions, users receive precise, in-depth responses along with highlighted source references, making complex data exploration more intuitive and user-friendly.

    The addition of FrostAI significantly enhances the value of Frost & Sullivan’s analytics platform by making it easier for businesses to uncover actionable insights and capitalise on growth opportunities. With access to comprehensive and continuously updated data spanning from January 2020 to today, users can explore trends, analyse market shifts, and validate potential strategies with exceptional accuracy and depth. FrostAI is built to empower users across all industries and sectors, making it invaluable for companies seeking a strategic edge in an increasingly competitive and transformative landscape.

    “This launch marks the next step of our broader initiative to integrate AI-driven technologies into our platform,” said Joe Fristensky, Senior Partner and Chief Analytics Officer at Frost & Sullivan. “FrostAI reflects our commitment to innovation and to supporting our clients as they navigate a world where industries are transforming and evolving at an unparalleled pace. By allowing users to ask questions in natural language, FrostAI not only saves time but also makes complex insights more accessible and actionable,” he added.

    FrostAI is designed for a wide range of applications, including identifying emerging growth opportunities and monitoring disruptive technologies across various sectors. As businesses continue to face transformational changes, from technological advancements to shifting consumer behaviours, Frost AI is positioned to become an essential resource for decision-makers looking to stay ahead of the curve.

    This launch marks the beginning of a series of strategic developments from Frost & Sullivan, aimed at providing clients with leading-edge growth solutions to make informed growth investment decisions with enhanced efficiency.

    Frost & Sullivan is committed to a future where AI and analytics intersect seamlessly, bringing the power of advanced data science into everyday strategic planning.

    To schedule a personalised demo of the FrostAI platform, please contact melissa.silvas@frost.com

    Frost & Sullivan, the growth pipeline company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation, and leadership. The company’s Growth Pipeline as a Service provides the CEO and the CEO’s Growth Team with transformational strategies and best-practice models to drive the generation, evaluation, and implementation of powerful growth initiatives. Frost & Sullivan leverages over 60 years of experience in partnering with Global 1000 companies, emerging businesses, and the investment community from more than 40 offices on six continents.

    Contact:

    Kristina Menzefricke

    Marketing & Communications

    Global Customer Experience, Frost & Sullivan

    kristina.menzefricke@frost.com

    +44 (0)20 331 01228

     

    The post Frost & Sullivan Launches FrostAI to Help Organisations Identify and Leverage Growth Opportunities appeared first on Frost & Sullivan.

    ]]>
    Revolutionizing US Defense Training Programs for Future-Ready Forces https://www.frost.com/growth-opportunity-news/transforming-us-defense-training-programs-with-new-technology-cim-ps/ Wed, 13 Nov 2024 12:42:40 +0000 https://www.frost.com/?p=22993498 Newly introduced defense technologies are transforming the US military training and simulation ecosystem, revealing growth opportunities for commercial and defense companies. The US Department of Defense (DoD) is embracing the latest solutions, leading to faster development of defense training programs. Innovations like AI-driven simulations, augmented reality (AR) and virtual reality (VR) environments, and digital twins […]

    The post Revolutionizing US Defense Training Programs for Future-Ready Forces appeared first on Frost & Sullivan.

    ]]>
    Newly introduced defense technologies are transforming the US military training and simulation ecosystem, revealing growth opportunities for commercial and defense companies. The US Department of Defense (DoD) is embracing the latest solutions, leading to faster development of defense training programs. Innovations like AI-driven simulations, augmented reality (AR) and virtual reality (VR) environments, and digital twins are elevating training capabilities, aligning US national defense strategies with advanced technology. This shift is enabling companies to deliver impactful solutions and support the sustainable advancement of US defense initiatives.

    Frost & Sullivan’s latest defense webinar explored the topic – “Transforming the Defense Training Ecosystem: How Are Best Practices Enabling Future-Ready Forces?” Led by our growth expert, Sol Ipuche, it examined the implications of rising US defense spending and the impact of the recent US Presidential elections. The event also explored the growth strategies companies can employ to thrive in the evolving defense industry.

    Missed the Webinar? Click here to watch the recorded session and gain valuable perspectives.

    What were the key strategic imperatives discussed during the event?

    Adapting to the Changes in US Defense Budget

    The US is adjusting its defense budget amidst ongoing geopolitical turmoil, particularly the ongoing conflicts involving Israel and Palestine, and Russia and Ukraine. This shift is constraining local defense investments, including those for defense training and simulation. The recent outcome of the US presidential election will further impact future US defense spending, influencing long-term defense training programs and simulation strategies.

    Leveraging AI to Enhance Training Simulations

    The US Department of Defense is focusing on integrating AI into training simulations, as evidenced by its request for nearly $2 billion for R&D in 2024. Advanced AI solutions are helping enhance realism in virtual training exercises through virtual modelling, visual augmentation, and non-scripted actions, which is significantly improving training outcomes.

    CLICK HERE to Unlock the Latest Growth Opportunities in the US Defense Training and Simulation Industry (2024-2029)

    Prioritizing Live, Virtual, and Constructive (LVC) System Integration Across Forces

    The US Department of Defense is enhancing LVC training systems across multiple branches, including the US Navy and Air Force. This integration is improving interoperability between platforms, such as fighter jets and unmanned vehicles, while boosting joint operations. The focus is on modernizing training systems to reduce costs and enhance real-time coordination, ensuring mission readiness and operational efficiency.

    Driving Synthetic Training Environment Development

    The US Army is prioritizing the development of a synthetic training environment that integrates various training systems into a unified platform. This initiative is creating a more holistic training experience, covering a wide array of ground systems, helicopters, and joint LVC capabilities. By improving the realism and breadth of training scenarios, the US Army is seeking to ensure the preparedness of its personnel for complex operations across diverse environments.

    Get more in-depth perspectives on growth opportunities and strategic imperatives. Watch the recorded session by clicking here!

    Schedule a growth dialog with our experts to explore top opportunities in the defense industry.

     

    The post Revolutionizing US Defense Training Programs for Future-Ready Forces appeared first on Frost & Sullivan.

    ]]>
    Top 5 Strategic Imperatives Impacting the Connected Vehicles Domain https://www.frost.com/growth-opportunity-news/mobility-automotive-transportation/digital-software/key-strategic-imperatives-shaping-the-future-of-connected-vehicles-tgp-cim-pb/ Wed, 13 Nov 2024 10:36:16 +0000 https://www.frost.com/?p=22993493 The future of connected vehicles is unfolding with transformative advancements that go beyond basic connectivity, creating a new era of smart mobility powered by advanced driver assistance systems (ADAS). This shift integrates real-time vehicle diagnostics and ADAS, predictive collision avoidance systems, and sensor fusion technologies, providing not only user convenience but also a critical framework […]

    The post Top 5 Strategic Imperatives Impacting the Connected Vehicles Domain appeared first on Frost & Sullivan.

    ]]>
    The future of connected vehicles is unfolding with transformative advancements that go beyond basic connectivity, creating a new era of smart mobility powered by advanced driver assistance systems (ADAS). This shift integrates real-time vehicle diagnostics and ADAS, predictive collision avoidance systems, and sensor fusion technologies, providing not only user convenience but also a critical framework for road safety, efficiency, and proactive vehicle health management. With 5G-enabled ADAS supporting vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I) communication, alongside Internet of Things (IoT)-powered predictive maintenance, vehicles can now self-monitor, respond to dynamic road conditions, and make split-second decisions with accuracy. This convergence is building a smarter, safer transportation ecosystem where adaptive cruise control, cybersecurity, and enhanced user experience elevate the future of mobility.

    Are you aware of the strategic imperatives shaping the future of connected and autonomous vehicles?

    To know about the lucrative growth opportunities and strategic imperatives in the global connected medium & heavy commercial vehicles, click here

    Let’s delve into the top 5 strategic imperatives driving this transformative shift in the connected vehicles space:

    1. Industry Convergence

    Collaboration between telecom and automotive sectors for connected car technology: This convergence is reshaping the connected car landscape, enabling in-vehicle connectivity that enhances user experiences with seamless integration and personalized features. Beyond user convenience, these collaborations elevate road safety by leveraging real-time data sharing, predictive maintenance, and sophisticated navigation capabilities, setting a new benchmark for the future of connected mobility.

    1. Internal Challenges

    Addressing cybersecurity risks in connected vehicles: As connected vehicles proliferate; advanced cybersecurity protocols are becoming indispensable to counter sophisticated hacking threats and potential data breaches. These targeted measures protect user data integrity, prevent unauthorized access, and ensure uninterrupted, secure vehicle functionality, reinforcing trust in the connected vehicle ecosystem, paving the way for safer, data-driven mobility.

    1. Disruptive Technologies

    Integration of 5G in autonomous vehicle communication systems: 5G networks are the backbone of next-generation autonomous vehicles, enabling ultra-low latency and high-speed vehicle-to-vehicle and vehicle-to-infrastructure communication. This connectivity revolution goes beyond basic safety and efficiency, allowing for predictive collision avoidance, real-time traffic management, and adaptive route optimization — fundamentally reshaping the way autonomous vehicles interact with their environment.

    Are you utilizing these strategic imperatives to foster innovation and drive growth within your organization?

    1. Compression of Value Chains

    Integration of IoT devices for real-time vehicle diagnostics: IoT-powered diagnostics are transforming vehicle maintenance by delivering real-time insights into vehicle health, empowering predictive maintenance and minimizing unexpected breakdowns. This proactive approach not only reduces downtime but also extends vehicle lifespan, optimizes operational efficiency, and cuts maintenance costs — setting a new standard for reliability in connected vehicles.

    1. Disruptive Technologies

    Use of augmented reality (AR) for real-time vehicle repair assistance: AR is elevating vehicle repair by providing mechanics with intuitive, hands-free, real-time visual instructions tailored to each repair task. This technology not only accelerates complex diagnostics and reduces dependency on technical manuals but also ensures repairs are performed with precision, cutting down on rework, and enhancing service reliability.

    Guided by these imperatives, how do you intend to capitalize on core growth opportunities and technological disruptions to bolster your growth pipeline?

    Frost & Sullivan’s team of growth experts is here to coach you in addressing and mitigating the negative impact of the strategic imperatives listed above, while identifying new growth opportunities for your organization. Confused where to start? Click here to engage with our Growth Experts

    Join the Transformation Journey

     

    The post Top 5 Strategic Imperatives Impacting the Connected Vehicles Domain appeared first on Frost & Sullivan.

    ]]>
    SAP Applauded by Frost & Sullivan for Driving Sustainability in Energy, Oil, and Gas, and its Market-leading Position https://www.frost.com/news/press-releases/sap-applauded-by-frost-sullivan-for-driving-sustainability-in-energy-oil-and-gas-and-its-market-leading-position/ Wed, 13 Nov 2024 10:19:55 +0000 https://www.frost.com/?p=22993490 SAP prioritizes sustainability to enhance global well-being and drive success, leading with carbon-neutral operations and empowering customers to develop smart, sustainable enterprises.

    The post SAP Applauded by Frost & Sullivan for Driving Sustainability in Energy, Oil, and Gas, and its Market-leading Position appeared first on Frost & Sullivan.

    ]]>
    SAN ANTONIO, TX. – 13th November 2024 – Recently Frost & Sullivan assessed the digital sustainability in the energy, oil and gas industry, and based on its findings, recognizes SAP with the 2024 Global Company of the Year Award. The company is a global technology leader that provides enterprise application software and services. Its extensive suite of applications and solutions span areas such as supply chain management, finance, and data analytics, enabling businesses to adapt to changing market conditions. Moreover, as the push for emissions reduction spreads throughout every industry, SAP is well-positioned to guide its customers into sustainable practices. Aligned with the United Nations’ Sustainable Development Goals, SAP aims for net-zero emissions across its value chain by 2030 and continuously improves energy efficiency. The company is committed to eliminating electronic waste by 2030, improving waste management, reducing water consumption, and raising sustainability awareness.

    SAP’s comprehensive product suite reduces environmental impact and enhances sustainability and efficiency across various industries. The company’s solutions facilitate new market creation, such as hydrogen fuel cell vehicles, by addressing limitations in hydrogen availability and supporting sustainable transportation growth. SAP also aids in converting traditional oil refineries to biodiesel production facilities, aligning operations with global sustainability goals, and capitalizing on renewable energy opportunities. Furthermore, its end-to-end value chain management enhances operational efficiency and regulatory compliance, empowering customers to innovate and meet sustainability targets effectively. SAP’s “We Measure” program allows organizations to measure their carbon footprint at various levels, enabling them to set and track key performance indicators (KPI) related to their CO2 impact. Additionally, SAP supports sustainability report creation that comply with standards such as the Center for Sustainable Rural Livelihoods and the Global Reporting Initiative, automating the data gathering and reporting process for accuracy and efficiency.

    Samantha Fisher, best practices research analyst, Frost & Sullivan, observed “Emphasizing the importance of harmonized data for effective sustainability reporting, SAP solutions such as the Enterprise Sustainability Hub integrate data from various sources, including SAP and non-SAP systems, to streamline the reporting process. This approach supports customers with different sustainability maturity levels, from manual spreadsheet-based processes to fully automated systems.”

    SAP supports organizations across various industries, such as utilities, water and wastewater, and power, in effectively managing their environmental impact and driving sustainability initiatives. By combining its technology with partner expertise, the company helps organizations achieve their sustainability goals while maintaining operational and financial performance, transforming raw data into actionable insights that drive efficiency and sustainability. SAP’s partnerships underscore its commitment to innovation and sustainability, leveraging collaborative efforts to meet diverse market demands and drive meaningful impact. The company covers the entire lifecycle of environmental data management from recording and accounting to reporting and action, enabling comprehensive oversight and actionability. By enabling advanced digital technologies and robust analytics, SAP accelerates the adoption of sustainable practices, positioning itself as a crucial partner in the digital transformation of the energy and O&G industries.

    “SAP integrates sustainability initiatives into its operations and solutions, enhancing transparency and customer confidence. It offers comprehensive tools across various sectors to accurately measure environmental impact and support sustainable growth. The company remains a trusted partner, earning a reputation for offering the overall best in the market,” added Paulina Blaszczyk, industry analyst at Frost & Sullivan.

    Each year, Frost & Sullivan presents a Company of the Year award to the organization that demonstrates excellence in terms of growth strategy and implementation in its field. The award recognizes a high degree of innovation with products and technologies, and the resulting leadership in terms of customer value and market penetration.

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

    The post SAP Applauded by Frost & Sullivan for Driving Sustainability in Energy, Oil, and Gas, and its Market-leading Position appeared first on Frost & Sullivan.

    ]]>
    Which Online Video Platform (OVP) Providers Are Redefining Media and Entertainment? https://www.frost.com/growth-opportunity-news/information-communications-technology/metaverse/which-online-video-platform-providers-are-redefining-media-and-entertainment-tgc-fr-cim-rg/ Wed, 13 Nov 2024 06:23:59 +0000 https://www.frost.com/?p=22993473 The post Which Online Video Platform (OVP) Providers Are Redefining Media and Entertainment? appeared first on Frost & Sullivan.

    ]]>

    The global online video platform (OVP) industry is undergoing a transformation spurred by the decline of cable and the rise of OTT content and direct-to-consumer (D2C) platforms. Consumers now have endless media and entertainment (M&E) options, but intense competition and pricing pressures are limiting the ability to expand segment growth beyond a modest CAGR of 4% up to 2030. Moreover, the pressing challenge of subscription fatigue is pushing platform providers to continuously innovate through new content monetization and user engagement strategies.

    ONLINE VIDEO PLATFORMS: GROWTH OPPORTUNITIES

    • Expanding reach and scalability of OTT platforms in growing regions like the Middle East and Latin America.
    • Developing broader solutions and wider toolsets for multiple business processes and different customer needs.
    • Integrating immersive technologies like virtual reality (VR), augmented reality (AR), and mixed reality (MR).
    • Companies to Action: Backlight, Brightcove, Edgio, JW Player, Kaltura, MediaKind, Muvi, Synamedia, Vimeo, and Wowza.

    Download now to access competitive strategies, best practices, and growth/innovation metrices of these providers.

    Strategic Imperatives Impacting OVP Growth
    Today, long-term macroeconomic factors are forcing participants across the M&E ecosystem to maximize output with fewer resources. Content creators and distributors are facing intensified scrutiny and tighter budget constraints. Additionally, network operators, broadcasters, and online publishers are seeking new ways to monetize existing assets. Against this backdrop, the following imperatives are urging providers to pivot their growth strategies:

    • Innovative Business Models– identifying new revenue streams to monetize existing assets, while adapting to hybrid models that combine advertising, subscriptions, and transactional pay-per-view revenue.
    • Increasing Competitive Intensity– boosting engagement, driving differentiation, and minimizing costs to reduce customer churn amid increasing saturation of entertainment and streaming services.
    • Disruptive Technologies– harnessing the potential of large language models (LLM), machine learning (ML), artificial intelligence (AI), and generative AI (GenAI) for improved analytics, tracking, and personalization.

    Mapping the Evolving OVP Provider Landscape
    Amid these headwinds, Frost & Sullivan’s latest analysis dives deep into the growth opportunities and emerging technology strategies of 10 leading OVP providers including Brightcove, Backlight, and Wowza. Download now to know more about:

    • Competitive benchmarking of disruptive OVP technologies and tools.
    • Best practices that help combat diminishing OVP revenues.
    • Partnership and collaboration strategies to maximize customer value.

    Harnessing New Strategies for OVP Growth
    The OVP segment for M&E applications reached $860 million in 2023. Between 2024 and 2030, it is expected to grow further, reaching $1.12 billion in revenue. However, M&E brands, content owners, and content aggregators are facing intense competition as more players in the ecosystem vie for market share. Additionally, the surge in subscription services, alongside traditional linear TV, appears to have reached a saturation point. Consumers are reducing the number of services they pay for, and advertising revenue for many linear broadcasters is on the decline. As the video platform and services market trends toward consolidation, providers can adopt the following best practices to stand out and remain competitive:

    • Harnessing AI-enabled tools to optimize computing resources, content delivery, and infrastructure management.
    • Minimizing customer churn by developing new frameworks for content monetization, interaction, and personalization.
    • Providing reliable digital infrastructure and robust network capacities to facilitate the growing popularity of live streaming.

    To view detailed innovation strategies, competitive differentiators, and best practices in OVP, click here.

    In conclusion, as the OVP industry evolves amid fierce competition and changing consumer needs, innovation remains crucial. By embracing AI, enhancing infrastructure, and rethinking monetization strategies, providers can better navigate industry challenges, differentiate themselves, and capitalize on emerging growth opportunities in the M&E landscape.

    The post Which Online Video Platform (OVP) Providers Are Redefining Media and Entertainment? appeared first on Frost & Sullivan.

    ]]>
    Frost & Sullivan Recognizes Sanas as the 2024 North American Technology Innovation Leader https://www.frost.com/news/press-releases/frost-sullivan-recognizes-sanas-as-the-2024-north-american-technology-innovation-leader/ Tue, 12 Nov 2024 14:00:30 +0000 https://www.frost.com/?p=22993395 Sanas’ Real-Time Accent Translation solution is applauded for transforming the contact center industry by reducing linguistic barriers and improving communication capabilities

    The post Frost & Sullivan Recognizes Sanas as the 2024 North American Technology Innovation Leader appeared first on Frost & Sullivan.

    ]]>
    SAN ANTONIO, TX. – November 12, 2024 – Frost & Sullivan recently assessed the accent translation solutions industry and, based on its analysis, recognizes Sanas with the 2024 North American Technology Innovation Leadership Award. Sanas provides a real-time Accent Translation solution built on patented, AI-powered technology that enables users to control how they sound, with the biggest use case for contact centers globally. Unlike competing offerings, the company maintains the authenticity of the agent’s voice, ensuring a more natural and genuine communication experience. The Sanas team and advisors include some of the world’s top speech machine-learning scientists. As a company, Sanas’ mission is to power a more compassionate and understanding world by making global communication more inclusive.

    Sanas’ innovative Accent Translation technology converts strong regional accents into local ones, improving communication and understanding between contact center agents and customers. This removes a key barrier to offshore operations, allowing companies to relocate customer service operations to lower-cost regions without sacrificing quality. It’s particularly transformative for companies in countries like India and the Philippines, where a significant percentage of Fortune 500 companies outsource their support. Additionally, this technology enables expansion into cities outside of main hubs, where lower costs, reduced turnover, and a more local workforce create valuable long-term career opportunities, enhancing employee satisfaction and reducing churn.

    “Sanas offers secure, local deployment and supports a variety of accents,” said Sebastian Menutti, Industry Director at Frost & Sullivan. “The AI solution is compatible with more than 800 communication apps and goes beyond improving conversations––it has led to a 17% increase in revenue per agent on average.”

    Sanas’s technology improves communication by reducing misunderstandings and alleviating the stress of cross-border interactions. By allowing users to control how they sound—removing background noise, adjusting accents, and increasing energy—Sanas ensures that agents are better understood while maintaining their voice’s authenticity and natural intonation. Sanas’ real-time speech-to-speech conversion ensures smoother interactions with minimal latency, empowering agents to focus on customer service tasks with increased confidence. As a result, customers are reporting a 95% agent adoption rate. This reduction in customer frustration leads to more positive interactions, improved employee morale, and a better overall work environment. Additionally, Sanas Accent Translation technology addresses linguistic biases, fostering inclusivity in large-scale operations. This boosts customer success by allowing agents to focus on resolving issues rather than perfect pronunciation, enhancing agent efficiency.

    “Sanas combines patented innovation, flawless performance, and strong customer support, demonstrating leadership and a disruptive impact in the industry,” added Manuel Albornoz, Best Practices Research Analyst at Frost & Sullivan. “Its ability to meet the demands of large clients, including Fortune 500 companies, and its alignment with ESG standards underscore its significant contributions to the customer experience landscape.”

    Each year, Frost & Sullivan presents this award to the company that has developed a product with innovative features and functionality that is gaining rapid acceptance in the market. The award recognizes the quality of the solution and the customer value enhancements it enables. Frost & Sullivan Best Practices awards recognize companies in various regional and global markets for demonstrating outstanding achievement and superior performance in leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analyses, and extensive secondary research to identify best practices in the industry.

    About Sanas

    Sanas is the world’s first Real-Time Speech Understanding Platform powered by its patented generative AI technologies. As part of this platform, Sanas offers Real-time Accent Translation and free-forever Noise Cancellation. Born from a mission to power a kinder, more understanding world by revolutionizing global, real-time human communication Founded in 2020, Sanas is led by a team of exceptional co-founders, including CEO Maxim Serebryakov, CTO Shawn Zhang, and COO Sharath Keshava Narayana. To learn more, visit Sanas.ai.

     

    The post Frost & Sullivan Recognizes Sanas as the 2024 North American Technology Innovation Leader appeared first on Frost & Sullivan.

    ]]>
    Top 5 Strategic Imperatives Catapulting Growth in the Machine Manufacturing Industry https://www.frost.com/growth-opportunity-news/industrial/machines/top-5-strategic-imperatives-catapulting-growth-in-the-machine-manufacturing-industry-cim-ps/ Tue, 12 Nov 2024 07:46:02 +0000 https://www.frost.com/?p=22993454 The machine industry is evolving into a symphony of innovations, fueled by Industry 4.0 advancements. Leaving behind its days of clunky, rigid operations, today, the industry is defined by AI-powered machines, robots running assembly lines with surgical precision, and smart factories. Machine industry titans and emerging innovators are racing to build advanced manufacturing technologies that […]

    The post Top 5 Strategic Imperatives Catapulting Growth in the Machine Manufacturing Industry appeared first on Frost & Sullivan.

    ]]>
    The machine industry is evolving into a symphony of innovations, fueled by Industry 4.0 advancements. Leaving behind its days of clunky, rigid operations, today, the industry is defined by AI-powered machines, robots running assembly lines with surgical precision, and smart factories. Machine industry titans and emerging innovators are racing to build advanced manufacturing technologies that are more efficient, responsive, and collaborative than ever. Industrial manufacturing machines are collaborating seamlessly, predicting maintenance needs, and even self-optimizing production flows.

    CLICK HERE to read about the latest growth opportunities in the condition monitoring equipment industry.

    This transformation isn’t just about speed or productivity; it is about new opportunities. Here are the top 5 strategic imperatives that are redefining the machine manufacturing industry during the latest evolution of Industry 4.0:

    1. Disruptive Technologies
      Enhancing Predictive Precision with IoT and Machine Learning
      Integrating Internet of things (IoT) and machine learning (ML) to deliver predictive manufacturing analytics, empowering factories to anticipate equipment failures and optimize production schedules. Continuously gathering real-time data from connected devices, this approach is reducing downtime, enhancing operational efficiency, and driving smarter decision-making across manufacturing processes.
    1. Geopolitical Chaos
      Fortifying Supply Chains Against Global Disruptions

    Implementing multi-source procurement and nearshoring strategies to reduce dependency on production and raw material supply from high-risk regions. Strengthening supplier relationships and integrating advanced analytics to predict and mitigate disruptions, creating resilient supply chains that maintain continuity.

    1. Internal Challenges

    Bridging Skill Gaps in Emerging Technology
    Investing in upskilling initiatives to equip the workforce with expertise in advanced manufacturing technologies. Offering targeted training programs and hands-on learning to address skill deficiencies, ensuring employees can effectively operate new systems, reduce error rates, and enhance productivity as companies transition to digital-first environments.

    READ MORE: Uncover the top growth opportunities in the fluid power equipment industry

    1. Transformative Megatrends
      Implementing Carbon-Neutral Manufacturing in Machine Production
      Aiming to be among companies with lowest carbon footprint, reducing emissions through energy-efficient processes and renewable energy sources. By setting new industry standards in eco-friendly production, machine manufacturers are advancing toward a zero-carbon future, creating sustainable value while responding to global climate imperatives.
    1. Compression of Value Chains
      Streamlining Remote Repairs with Virtual Reality (VR) Technology
      Leveraging VR to provide real-time, expert-guided machinery repairs from anywhere. By reducing downtime by enabling skilled technicians to diagnose and assist remotely, VR is compressing traditional repair processes and enhancing value delivery by minimizing the need for on-site specialists.

    In a world of relentless transformation, the machine manufacturing industry is entering a golden era where efficiency and resilience blend seamlessly, and innovation aligns with sustainability. Industry 4.0 technologies are empowering companies to minimize downtime through predictive maintenance, while carbon-neutral goals are actively reducing energy consumption across smart factories worldwide. Today, manufacturers are not only innovating — they are redefining possibilities and unlocking new avenues for growth.

    How can your organization leverage these strategic imperatives to create a robust growth strategy?

    Frost & Sullivan’s growth experts offer personalized coaching to help you tackle challenges and discover fresh opportunities for expansion. Their deep expertise can equip you with the tools to navigate the competitive landscape strategically and identify innovative pathways to fuel your organization’s growth.

    Embark on the Transformation Journey with us.

    The post Top 5 Strategic Imperatives Catapulting Growth in the Machine Manufacturing Industry appeared first on Frost & Sullivan.

    ]]>
    PathogenDx Applauded by Frost & Sullivan for Enabling Early and Precise UTI Diagnosis with Its Microarray Detection Platform https://www.frost.com/news/press-releases/pathogendx-applauded-by-frost-sullivan-for-enabling-early-and-precise-uti-diagnosis-with-its-microarray-detection-platform/ Mon, 11 Nov 2024 14:00:48 +0000 https://www.frost.com/?p=22993392 PathogenDx’s Microarray Detection Platform is the fastest and most cost-effective test for UTI detection with higher throughput for efficient and accurate diagnosis.

    The post PathogenDx Applauded by Frost & Sullivan for Enabling Early and Precise UTI Diagnosis with Its Microarray Detection Platform appeared first on Frost & Sullivan.

    ]]>
    PathogenDX Award LogoSAN ANTONIO, TX. – November 11, 2024 – Frost & Sullivan recently assessed the multiplexed urinary tract infection detection industry and, based on its findings, recognizes PathogenDx with the 2024 North American New Product Innovation Award. The company has a simple, comprehensive detection test based on its proprietary D3 Array™ core technology—a dynamic, three-dimensional, detection self-assembled spatial assay—that meets current UTI detection needs. The D3 Array™-UTI detection test offers a more comprehensive solution than standard UTI diagnostic tests. The proprietary technology platform underpins the UTI detection test, enabling it to identify 26 pathogens and 12 ARG genes in each well of a 96-well plate. This makes it one of the most effective methods for pathogen detection. The tests can process 48 clinical samples per 96-well plate, providing high throughput UTI detection without requiring multiple runs, unlike standard microarrays. Compared to current multiplexed qPCR UTI assays, the D3 Array TM – UTI delivers full utilization where one (1) or up to any number of samples up to forty-eight (48) samples can be processed on the plate without losing economics.

    PathogenDx’s D3 Array™-UTI contains molecular probes associated with specific pathogens, and ARG gene markers. Each array has 324 to 576 probes printed in a well. Compared to qPCR assays, the D3 Array-UTI offers greater accuracy, lower costs, and higher throughput. The entire process can complete 48 samples in about 6 to 7 hours. While some competitors can complete their process in 5 hours, they are limited to between 8 and 14 samples. The D3 Array™ provides a greater binding area compared to traditional microarray technology and delivers 6 times more data points than competitors. Additionally, the D3 Array™-UTI detection assay ensures accurate results by conducting triplicate testing per target, confirming pathogen detection thrice per sample. Its accuracy makes the test highly reliable.

    Neeraj Jadhav, Industry Analyst at Frost & Sullivan, observed, “PathogenDx’s microarray model of the test makes it one of the easiest UTI tests to adopt. The fast three-dimensional microarray solution uses standard, off-the-shelf nucleic acid chemistry, flattening the cost and providing 100 times more surface area for the amplified nucleic acid strand to bind without encountering steric hindrances. As a result, this platform provides single-gene sensitivity.”

    PathogenDx’s D3 Array™-UTI is instrument-agnostic, making it compatible with a range of molecular instruments, such as PCR thermocyclers and liquid handling systems, providing great flexibility and reducing capital expenditure for labs. The only additional component required to analyze or detect pathogens is a red-green channel imager, which can be easily sourced. The UTI detection test costs significantly less than standard detection tests because it consolidates all targets into a single well. For successful pathogen detection, PathogenDx’s test targets the 16S rDNA region, spanning 1,500 bases to cover the most variable regions of the bacteria, enabling the identification of pathogens. Using a single primer, all organisms present in the sample are amplified and hybridization is conducted at room temperature. This eliminates the need for heating and cooling mechanisms required by other microarrays.

    “PathogenDx’s platform caters to several applications in clinical diagnostics, food safety, and agriculture. The D3 platform has shown promising results in clinical applications, including detection of COVID-19 and now in UTI diagnosis. PathogenDx is a promising industry participant, developing advanced and targeted versions of a new generation of microarray-based technology poised for widespread adoption in diagnostics. “The company’s commitment to developing cost-effective diagnostics is highly commendable,” added Neeraj Jadhav. With its strong overall performance, PathogenDx earns Frost & Sullivan’s 2024 New Product Innovation Award in the North American multiplexed UTI detection industry.

    Each year, Frost & Sullivan presents this award to the company that has developed an innovative element in a product by leveraging leading-edge technologies. The award recognizes the value-added features/benefits of the product and the increased return on investment (ROI) it gives customers, which, in turn, raises customer acquisition and overall market penetration potential.

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

    About PathogenDx

    PathogenDx is a biotechnology innovator based in Tucson, Arizona, developing diagnostic solutions to address viral, bacterial and fungal infection or contamination. The company reinvented molecular testing to identify pathogens faster and easier, driving greater safety and business optimization. PathogenDx delivers next-gen arrays for better health and safety—empowering the future of safe.

     

    The post PathogenDx Applauded by Frost & Sullivan for Enabling Early and Precise UTI Diagnosis with Its Microarray Detection Platform appeared first on Frost & Sullivan.

    ]]>
    Harnessing computer-aided design (CAD) Software to Gain a Competitive Edge https://www.frost.com/growth-opportunity-news/harnessing-computer-aided-design-cad-software-to-gain-a-competitive-edge-cim-ps/ Mon, 11 Nov 2024 13:16:51 +0000 https://www.frost.com/?p=22993411 The race to innovate is heating up as companies rethink operations and work to blend precision engineering with advanced digital technologies. With computer-aided design software taking a giant leap forward, manufacturers are pushing the limits on sustainability, cost-efficiency, and next-gen design. This is where digital prowess meets eco-consciousness, promising new-age industrial automation technology that’s as […]

    The post Harnessing computer-aided design (CAD) Software to Gain a Competitive Edge appeared first on Frost & Sullivan.

    ]]>
    The race to innovate is heating up as companies rethink operations and work to blend precision engineering with advanced digital technologies. With computer-aided design software taking a giant leap forward, manufacturers are pushing the limits on sustainability, cost-efficiency, and next-gen design. This is where digital prowess meets eco-consciousness, promising new-age industrial automation technology that’s as cost-savvy as it is earth-friendly — redefining automation in manufacturing.

    How is your organization using computer-aided design (CAD) software to enhance design efficiency and outperform rivals?

    Frost & Sullivan’s latest webinar explored the topic “How to Leverage Computer-Aided Design software for a Competitive Edge?” During the discussion, industry leaders and our industrial automation technology experts unveiled latest growth opportunities as disruptive technologies like generative design, artificial intelligence (AI) and augmented reality (AR) continue to improve design accuracy and solve the most complex engineering challenges.

    The following industry automation experts shared transformative perspectives during the webinar:

    • Todd Tuthill, Vice President – Aerospace, Defense, and Marine Industry at Siemens Digital Industries Software
    • Steve Boyle, Director of Product Marketing for Creo at PTC
    • Sebastián Trolli, Growth Expert, Research Manager and Global Head of Industrial Automation & Software at Frost & Sullivan
    • Francisco Dell’Era, Growth Expert and Research Analyst at Frost & Sullivan

    Note: Click here to gain valuable information from these experts by accessing the recorded session of the webinar.

    What were the key strategic imperatives discussed during the webinar?

    Revolutionizing CAD with AI and Cloud Collaboration

    AI and cloud technology are transforming computer-aided design by enabling generative design for optimized models and facilitating real-time collaboration, enhancing creativity and workflow efficiency. This approach is reducing version compatibility issues, supporting compliance, and accelerating the journey from design to final product.

    Embracing Software-Defined Products for Future-Ready Designs

    The shift to software-defined products is redefining computer-aided design programs by emphasizing adaptability and software capabilities, extending product lifecycles through updates. CAD software is supporting designing with software integration, rapid prototyping, and virtual simulations, promoting agile workflows. This is enabling companies to create versatile, future-ready products to meet the evolving needs of customers.

    Addressing Manufacturing Challenges with Advanced CAD Solutions

    Manufacturers are using CAD to tackle challenges like supply chain disruptions and design complexity. In automotive, CAD is optimizing lightweight designs, enhancing fuel efficiency, while aerospace engineers are using digital twins for stress tests. Similarly, consumer electronics are streamlining global production through cloud-based CAD collaboration, improving flexibility and speed.

    To delve deeper into the growth opportunities arising from the CAD software domain, CLICK HERE.

    Schedule a growth dialog with our experts to explore top opportunities in the machine manufacturing industry.

     

    The post Harnessing computer-aided design (CAD) Software to Gain a Competitive Edge appeared first on Frost & Sullivan.

    ]]>
    How is your organization aligning its ADAS strategies to capitalize on emerging regulatory requirements and industry demands? https://www.frost.com/growth-opportunity-news/mobility-automotive-transportation/autonomous-mobility/how-is-your-organization-aligning-its-adas-strategies-to-capitalize-on-emerging-regulatory-requirements-and-industry-demands-tgp-cim-pb/ Mon, 11 Nov 2024 07:46:02 +0000 https://www.frost.com/?p=22993404 The automotive industry is accelerating towards a CASE (connected, autonomous, shared, and electric) future, with regulatory frameworks setting the stage for widespread advanced driver assistance systems (ADAS) integration. In Europe, ADAS like automatic emergency braking (AEB) are now mandatory, marking a regulatory milestone that is likely to be mirrored globally over the next decade. These […]

    The post How is your organization aligning its ADAS strategies to capitalize on emerging regulatory requirements and industry demands? appeared first on Frost & Sullivan.

    ]]>
    The automotive industry is accelerating towards a CASE (connected, autonomous, shared, and electric) future, with regulatory frameworks setting the stage for widespread advanced driver assistance systems (ADAS) integration. In Europe, ADAS like automatic emergency braking (AEB) are now mandatory, marking a regulatory milestone that is likely to be mirrored globally over the next decade. These advancements in ADAS safety technology serve as essential catalysts, paving the way for vehicle automation and enhanced driver assistance capabilities. Original equipment manufacturers (OEMs) are now positioned to deliver unparalleled value by bundling multiple features such as collision avoidance systems and adaptive cruise control, leveraging existing hardware to its full potential. While some of these enhancements will become standard, others will allow consumers to unlock customizable ADAS functionalities as optional add-ons, creating a more personalized and flexible driving experience.

    Frost & Sullivan’s recent Automotive Safety and Connectivity webinar delved into the realm of— Growth Opportunities in ADAS: How are industry players differentiating ADAS offerings amidst the evolving consumer preferences and regulatory landscape? This discussion explored how industry leaders are differentiating their offerings to meet evolving consumer preferences and regulatory requirements through innovation in safety and connectivity.

    Here, the following growth experts evaluated the primary challenges, growth opportunities, and examined the role that various stakeholders will play in shaping the industry’s trajectory: Thirumalai Narasimhan Growth Expert and Industry Analyst at Frost & Sullivan; Harald Barth — Product Marketing Manager at Valeo; Yannick Frisoni — Head of Strategy & Business Development at Continental Engineering Services and Dr. Ilan Shaviv — Chief Technology Officer at Imagry.

    • To know about global ADAS growth opportunities, global and regional regulations, notable collaborations, partnerships, mergers and acquisitions etc., click here.
    • To know about emerging growth opportunities in the European ADAS space, click here.

    The discussion highlighted the following key perspectives:

    Growth Driven by SDV Architectures and Sensor Standardization: The ADAS industry is seeing a consistent growth trajectory, bolstered by the integration of software-defined vehicle (SDV) architectures and sensor standardization across vehicle models. The increase in compute power and sensors as standard features is enhancing the baseline capabilities of ADAS, making advanced functionalities more accessible and widespread.

    Regulatory Push vs. Consumer Pull in ADAS Adoption: Regulatory mandates drive ADAS adoption in developed regions, while consumer demand propels it in developing areas. For instance, regulations like FMVSS* in North America and Euro NCAP** emphasize road safety and accident reduction. Conversely, consumers in regions like China seek enhanced convenience features and in-cabin experiences, reflecting varied regional priorities.

    Scalability and Modularity in ADAS Solutions: ADAS systems are increasingly built with a scalable, modular approach to meet varied global requirements. By enabling customization based on regional needs and vehicle segments, OEMs can offer a core set of ADAS features while adapting specific functionalities for different regions. This flexible architecture supports both entry-level and premium vehicles, helping to standardize safety features worldwide.

    Role of Enhanced Sensor Fusion in Advanced Autonomy: Achieving higher levels of autonomy demands a fusion of sensors beyond traditional cameras, integrating radar, lidar, and thermal imaging for comprehensive environmental perception. This layered sensor approach allows for robust performance across diverse driving conditions, addressing challenges like poor visibility and adverse weather. Sensor fusion thus serves as a cornerstone for advancing both ADAS and autonomous driving, offering the redundancy and reliability needed for safer, more effective vehicle automation. 

    *FMVSS: Federal Motor Vehicle Safety Standards, a set of regulations in North America that specifies design, construction, performance, and durability standards for vehicles to ensure safety.

    **Euro NCAP: European New Car Assessment Programme, a European initiative that evaluates and promotes vehicle safety by assessing crash performance and advanced safety features of new cars.

    “ADAS features in developed countries are increasingly shaped by stringent regulatory requirements aimed at enhancing road safety, mandating functionalities like automated braking and lane-keeping assistance. In contrast, in developing countries, consumer demand plays a pivotal role, with drivers seeking features that enhance convenience, connectivity, and driving comfort, pushing the adoption of ADAS based on practical, everyday benefits rather than compliance alone.”

    Thirumalai Narasimhan, Industry Analyst at Frost & Sullivan

    The post How is your organization aligning its ADAS strategies to capitalize on emerging regulatory requirements and industry demands? appeared first on Frost & Sullivan.

    ]]>
    What Trump’s Election Victory Could Mean for the Future of the Automotive Industry https://www.frost.com/news/press-releases/mobility-press-releases/what-trumps-election-victory-could-mean-for-the-future-of-the-automotive-industry/ Fri, 08 Nov 2024 10:58:05 +0000 https://www.frost.com/?p=22993385 How emissions deregulation, protectionist tariffs, and Musk’s influence could reshape both the U.S. and the global automotive industry.

    The post What Trump’s Election Victory Could Mean for the Future of the Automotive Industry appeared first on Frost & Sullivan.

    ]]>
    By Sathyanarayana Kabirdas, Vice President – Mobility

    The automotive industry is poised at a pivotal juncture as Donald Trump assumes the U.S. presidency, heralding an era that could redefine the landscape of U.S. car manufacturing. Automakers, regulators, and consumers alike are bracing for potential shifts in production priorities, regulatory frameworks, and market dynamics. Trump’s campaign promises emphasized bolstering American manufacturing, with a particular focus on reviving the industrial sector. But what will this mean for foreign carmakers, trade policies, electrification initiatives, and tariffs?

    At the same time, a new player looms large over the industry: Tesla CEO Elon Musk, whom Trump has praised as a “super genius” and a “star.” Musk, a maverick visionary with significant sway over electric vehicle (EV) and autonomous technologies, could play a strategic role in shaping policies that impact everything from emissions standards to electric infrastructure. As U.S. automakers navigate an uncertain environment under Trump 2.0, they face a fundamental question: Is this the dawn of an American automotive renaissance, or the start of a complex struggle to keep up with global demands for sustainability? Will it be innovation or isolation?

    U.S. Auto Industry: Innovation or Isolation?

    A central component of Trump’s agenda involves promoting American manufacturing and reducing regulatory pressures on businesses, and the automotive industry is likely to benefit directly from this focus. U.S.-based automakers, particularly the “Big Three”—General Motors, Ford, and Stellantis—could see a relaxation in regulations. Trump has previously criticized federal mandates on emissions and fuel efficiency standards, framing these policies as economic burdens rather than environmental imperatives.

    While a relaxation of environmental regulations might reduce short-term costs for U.S. automakers, it could also place them at odds with global trends toward sustainability. Many international markets are adopting stricter emissions standards, and U.S. automakers may have to develop separate vehicle models for domestic and foreign sales. This dual manufacturing strategy can complicate production lines and increase costs in the long term, even if it yields short-term savings.

    Electrification Initiatives: Slowing Down the Transition

    Perhaps the most contentious area under Trump’s presidency would be the ongoing push for electrification. The Biden administration prioritized the transition to EVs through programs like the Inflation Reduction Act (IRA), which provided tax credits to incentivize EV purchases and support infrastructure development. In contrast, Trump has indicated an intent to roll back such initiatives, calling such incentives “government overreach” and labeling the rapid shift to electrification as a “green scam.”

    If, as is widely expected, Trump scales back federal support, U.S. automakers may dial back their ambitious EV goals in favor of their more traditional ICE portfolios. Some companies have spent billions to set up EV manufacturing plants, such as GM’s $2 billion renovation of its Detroit-Hamtramck facility. Reducing incentives could jeopardize the profitability of these initiatives, given the high costs of EV production and the limited economies of scale for newer technologies.

    In contrast, for automakers like Toyota, which has been slow to adopt all-electric models, this shift could alleviate competitive pressures. It would allow the Japanese automaker more time to explore such solutions without facing a significant disadvantage.

    Tariffs on Foreign Automakers: Repercussions of Protectionist Trade Policies

    Trump’s “America First” approach to trade has frequently led to higher tariffs on imports, and he has indicated an intention to further increase tariffs on vehicles and parts from China. While intended to protect U.S. manufacturing jobs, these tariffs could have complex and far-reaching consequences. By limiting the inflow of cheaper foreign vehicles, the U.S. government may succeed in shielding domestic brands from price-based competition. However, this protectionism could also increase the cost of vehicles as manufacturers and suppliers pass higher import taxes down to consumers.

    The impact on the supply chain could be particularly problematic for automakers relying on international parts and components. Even U.S.-made vehicles often incorporate parts manufactured abroad, and tariffs could drive up production costs. As a result, prices for new vehicles may rise, impacting consumers and potentially slowing demand for new cars. Automakers like Ford and GM, which manufacture some models in Mexico, may also face challenges if Trump reconsiders trade agreements, such as the United States-Mexico-Canada Agreement (USMCA), which facilitates tariff-free trade in North America. Meanwhile, Chinese OEMs will likely seek to offset losses stemming from tighter tariff regimes by setting up production bases in Latin America and Southeast Asia.

    Consumers: Rising Prices, Fewer Choices

    For U.S. consumers, the combination of relaxed environmental standards, reduced EV incentives, and higher tariffs on imported vehicles could result in a more limited selection of vehicles at higher prices. Trump’s intent to support ICE vehicles could provide a boost to large, gas-powered SUVs and trucks. This approach, however, may not align with the priorities of eco-conscious consumers who seek fuel-efficient or EVs. Additionally, tariffs on Chinese goods might discourage foreign automakers from entering the U.S. market or lead them to raise prices to compensate for increased import costs.

    Higher vehicle costs could prompt consumers to hold on to their current vehicles longer, leading to increased demand for parts and services in the secondary market. This trend would benefit aftermarket industries, but it could also slow down the overall automotive market. Moreover, as EV incentives are rolled back, consumers who were considering transitioning to EVs may be dissuaded due to the relatively higher prices.

    The Musk Factor: Influence of Tesla’s CEO on Policy and Innovation

    Tesla’s CEO Elon Musk, a vocal supporter of Trump, could play a uniquely influential role in the upcoming administration. Musk will likely be tasked with taking forward the Make America Great Again (MAGA) agenda with cutting-edge technology and out-of-the-box initiatives that support low-cost manufacturing. Needless to add, we expect a wave of key sectoral investments to flow into Florida and Texas, the home states of Trump and Musk, respectively.

    While Trump has promised to reduce EV mandates, Tesla’s competitive position may still strengthen as it operates more cost-effectively than many traditional automakers in the EV space. Musk has successfully scaled Tesla to a point where it no longer relies on federal tax credits, unlike legacy automakers who count on these incentives to make their EVs more price competitive.

    If Trump follows through on elevating Musk to an advisory role, Tesla may gain additional leverage in shaping federal EV and technology policies. This arrangement could drive further growth in Tesla’s market dominance, particularly if Musk is able to influence EV-related infrastructure projects. Federal support for the National Electric Vehicle Infrastructure (NEVI) program, for example, could continue under Musk’s watch, particularly given Tesla’s involvement in developing EV charging infrastructure.

    Tesla could also experience regulatory relief in other areas. The National Highway Traffic Safety Administration (NHTSA) has frequently scrutinized Tesla’s advanced driver-assistance systems, particularly its “Full Self-Driving” feature, over safety concerns. However, with Musk in a more prominent position within the administration, regulatory actions aimed at Tesla’s products may be limited, giving the company more room to expand its autonomous vehicle offerings.

    Globally, we could see Musk expanding his sphere of influence. For example, the Trump-Modi-Musk troika could revive Tesla’s entry into the Indian market, notwithstanding resistance from domestic OEMs. Simultaneously, India’s recently announced policy change to satellite spectrum allocation from auction-based to now administratively managed, could create an opening for Musk-owned Starlink’s rapid entry into the Indian telecom market. Such an entry would also challenge local telecom giants. In the U.S., we foresee beneficial policies, investments, and contracts for low-orbit satellite networks like that of Starlink’s at the cost of fiber networks. With such government backing and the ability to deliver high-speed, low-latency internet, Musk’s Starlink could emerge a game-changer in the transport sector, whether in traffic control or vehicle connectivity.

    Conclusion: An Era of Uncertainty

    Under Trump’s administration, the automotive industry faces a future defined by uncertainties and opportunities alike. A pivot away from stringent electrification mandates and an inclination towards protectionist trade policies signal potential relief for U.S. automakers in the short term. However, this may come at the cost of their global competitiveness as international markets increasingly demand greener, more efficient vehicles.

    For consumers, this shift could result in higher vehicle prices and fewer choices, particularly as tariffs raise production costs and reduce incentives for electric cars. Meanwhile, legacy automakers must contend with Tesla’s competitive advantage, especially if Musk’s influence in the administration helps streamline policies that favor his vision for autonomous and electric technologies.

    This new era will create winners and losers within the automotive industry. But as it unfolds, the key to industry survival and growth will lie in resilience, strategic adaptability, and a readiness to meet the shifting demands of both domestic and global markets.

    With inputs from Amrita Shetty, Senior Manager, Communications & Content – Mobility

     

    The post What Trump’s Election Victory Could Mean for the Future of the Automotive Industry appeared first on Frost & Sullivan.

    ]]>
    Emerging Endoscopy Technologies: Transforming the Future of Surgical Precision https://www.frost.com/growth-opportunity-news/emerging-endoscopy-technologies-transforming-the-surgical-precision-market-tjstory-cim-sg/ Fri, 08 Nov 2024 10:48:50 +0000 https://www.frost.com/?p=22993381 The medical landscape is rapidly evolving, and endoscopy is at the forefront of this transformation. Emerging endoscopy technologies are revolutionizing surgical procedures by leveraging advanced visualization and instrumentation techniques that enhance precision, minimize invasiveness, and improve patient outcomes. From pre-operative planning to intraoperative execution, these cutting-edge innovations are paving the way for safer, more efficient […]

    The post Emerging Endoscopy Technologies: Transforming the Future of Surgical Precision appeared first on Frost & Sullivan.

    ]]>
    The medical landscape is rapidly evolving, and endoscopy is at the forefront of this transformation. Emerging endoscopy technologies are revolutionizing surgical procedures by leveraging advanced visualization and instrumentation techniques that enhance precision, minimize invasiveness, and improve patient outcomes. From pre-operative planning to intraoperative execution, these cutting-edge innovations are paving the way for safer, more efficient surgeries. In this blog, we delve into the latest advancements in surgical endoscopy, the limitations of traditional methods, and the exciting growth opportunities in this field.

    Discover more insights into the evolving endoscopy landscape in our latest Frost & Sullivan analysis.

    Click here to download

    The Evolution of Endoscopy: Precision and Clarity in Surgery

    Endoscopic procedures, once limited by basic imaging and instrumentation, have undergone a technological revolution. Surgeons can now clearly visualize and accurately identify anomalies, thanks to advancements in high-definition imaging and computer-aided detection (CAD). The ability to localize abnormalities with precision has led to more successful interventions while reducing the invasiveness of surgeries. This shift has resulted in fewer post-operative complications, shorter recovery times, and enhanced surgical dexterity.

    According to Frost & Sullivan’s global analysis, these innovations are reshaping the market for advanced surgical visualization and instrumentation, creating significant growth opportunities for industry players.

    Breaking Down Barriers: Limitations of Traditional Endoscopy

    While endoscopy has come a long way, traditional methods are not without their challenges. Let’s explore some of the key limitations that have prompted the development of new, more advanced technologies.

    • Risk of Cross-Contamination – Reusable endoscopes pose a significant risk of cross-contamination, even after high-level disinfection. Improper cleaning and storage practices can lead to infections caused by harmful microbes, affecting patient health and safety.
    • Surface Microstructure Identification Issues – Conventional endoscopy uses white light imaging, making it difficult to detect and discriminate between surface microstructures. This limitation delays the early detection of conditions like gastrointestinal malignancies, which can lead to increased morbidity and mortality.
    • Uncontrolled Capsule Movements – Ingestible video capsule endoscopes, which rely on gravity or the body’s natural movements for navigation, cannot be directed by physicians. This lack of control prevents effective diagnosis and limits the utility of capsule endoscopy in identifying specific areas of concern.

    Cutting-Edge Solutions: The Promise of Emerging Endoscopy Technologies

    Emerging endoscopy technologies address many of the challenges posed by traditional methods, offering enhanced precision, safety, and diagnostic capabilities.

    • Eliminating Cross-Contamination – Single-use endoscopes are a game-changer in eliminating cross-contamination risks. These disposable tools are used once and then discarded, preventing the transmission of infections and eliminating the need for reprocessing. They also reduce exposure to harmful chemicals for healthcare staff, improving safety for everyone involved.
    • Precision in Capsule Movements – Advanced capsule endoscopes equipped with robotic systems allow surgeons to control the device’s movement precisely. This enables seamless navigation through tortuous anatomical pathways and the detection of gastrointestinal lesions, bleeding, or other abnormalities with unparalleled accuracy.
    • Distinguishing Structural Changes Early – Innovative image-enhanced endoscopy techniques utilize various wavelengths and advanced image processing methods to distinguish mucosal surfaces and vascular patterns. This early detection of gastrointestinal malignancies enables timely interventions that can improve patient survival rates.

    What’s Next? The Future of Advanced Surgical Visualization

    Emerging endoscopy technologies are driven by advancements in surgical visualization and instrumentation, two key pillars in transforming modern surgery.

    • Advanced Surgical Visualization – New technologies such as 4K Ultra-High Definition (UHD) display systems offer higher resolution, greater depth perception, and broader color reproduction, making it easier for surgeons to perform accurate diagnoses and interventions. Artificial intelligence (AI)-powered CAD systems are also revolutionizing the identification of polyps, adenomas, and other anomalies, improving both speed and accuracy.

    Key Players: NYU Langone Hospitals, Medtronic Plc, Olympus Corporation, Stryker Corporation, Fujifilm Corporation

    • Advanced Instrumentation – Technological breakthroughs in capsule endoscopy, including extended fields of view and controllable movement, have made gastrointestinal exploration more thorough. Single-use endoscopes with four-way steering capabilities provide enhanced navigational control, reducing procedure time and improving patient safety.

    Key Players: AnX Robotica, EvoEndo, Ambu A/S, Intuitive Surgical, Olympus Corporation

    Strategic Imperatives: The Road Ahead

    As the landscape of endoscopy continues to evolve, several strategic trends are shaping the future of this industry.

    • AI-Enabled Cloud Endoscopy: The integration of AI models into robotic endoscopy is expected to transform how surgeons visualize and navigate during procedures. This is anticipated to become a reality in the next 4 to 6 years.
    • Partnerships and Acquisitions: Tier I companies are focusing on strategic partnerships and acquisitions to enhance their market presence in the advanced surgical visualization space. Collaborations with technology firms will drive innovation and product development.
    • Investor Funding and Government Grants: Robust funding will continue to support the entry of start-ups into this competitive space, driving innovation and intensifying competition.

    Growth Opportunities: Bridging the Gap with Technology

    The endoscopy market offers exciting growth opportunities for industry players willing to leverage emerging technologies and develop innovative solutions.

    • Partnering with VR Developers – Virtual reality (VR) is making its way into pre-operative environments, offering patients a sedation-free option to manage pre-surgical stress. VR headsets immerse patients in calming environments, potentially reducing the need for anesthesia or sedation, and minimizing side effects such as nausea and dizziness.
    • Simulation Programs for Surgeons – With new endoscopy technologies come new learning curves. Simulation training programs designed for advanced endoscopy tools allow surgeons to practice in a low-risk environment, ensuring they are well-prepared to perform complex procedures and improving adoption rates for new technologies.

    The Bright Future of Endoscopy

    The rise of advanced endoscopy technologies signals a new era of surgical precision, reduced invasiveness, and improved patient outcomes. As AI, robotic systems, and high-definition imaging become more prevalent in surgical procedures, industry players must adapt to stay competitive. With a focus on strategic partnerships, technological integration, and growth opportunities, the future of endoscopy looks promising for both healthcare professionals and patients alike.

    The post Emerging Endoscopy Technologies: Transforming the Future of Surgical Precision appeared first on Frost & Sullivan.

    ]]>
    Growth Perspectives: Key Takeaways from the MEF Global NaaS Event 2024 https://www.frost.com/growth-opportunity-news/growth-perspectives-key-takeaways-from-the-mef-global-naas-event-2024/ Fri, 08 Nov 2024 10:39:03 +0000 https://www.frost.com/?p=22993378 By Stephen Thomas, Sr. Director – Network Services, Frost & Sullivan Information and Communications Technology (ICT) The MEF Global Network-as-a-Service (NaaS) event in Dallas, TX, held during October 28-30, 2024, brought together industry leaders to explore the future of NaaS. The event underscored the industry’s commitment to creating secure, scalable, and customer-centric network solutions. Below […]

    The post Growth Perspectives: Key Takeaways from the MEF Global NaaS Event 2024 appeared first on Frost & Sullivan.

    ]]>
    By Stephen Thomas, Sr. Director – Network Services, Frost & Sullivan Information and Communications Technology (ICT)

    The MEF Global Network-as-a-Service (NaaS) event in Dallas, TX, held during October 28-30, 2024, brought together industry leaders to explore the future of NaaS. The event underscored the industry’s commitment to creating secure, scalable, and customer-centric network solutions. Below are the key highlights, shedding light on innovations that are set to transform the networking landscape.

    Milestones in SASE Certification

    MEF’s SASE (Secure Access Service Edge) certification program, launched in 2023, has rapidly expanded, with 15 providers progressing through certification. This development represents a major industry leap toward secure and efficient network service standards, bolstering the framework for enhanced cloud networking.

     

     

     

    NaaS Adoption: Insights from the Field

    Stephen Thomas of Frost & Sullivan shared perspectives on effective NaaS adoption, highlighting the following:

    • Advanced Observability: Enhanced monitoring and simplified ordering are enabling near-instant deployment for select network components, transforming customer onboarding experiences.
    • Customer Journey Optimization: Combining strong customer support with seamless digital engagement, blending in-person and online interactions to create a frictionless experience.
    • Cloud Security Integration: An effective combination of cloud interconnectivity with CASB (Cloud Access Security Broker) services to boost Multi-Cloud Networking (MCN) offerings.

    AI’s Transformative Role in NaaS

    Artificial intelligence, including generative AI, is reshaping the NaaS landscape. Applications include:

    • Natural Language Processing (NLP): Simplifying order management and billing inquiries to streamline service delivery.
    • Enhanced Network Reliability: Leveraging AI for predictive monitoring, automating management, and strengthening network performance.

    In a nod to popular culture, one operator likened telecom’s journey to the Taylor Swift Eras Tour—each era representing a step in the evolution of network technology and customer experience in 2024.

    Revolutionizing Provisioning with LSO APIs

    MEF’s Lifecycle Service Orchestration (LSO) application programming interfaces (APIs) are enabling faster, more efficient service provisioning. A prominent LSO API adopter now boasts, 40% of orders are processed via LSO APIs, reducing lead times by half — from two months to just one.. Console Connect’s launch of an open-source LSO API adapter is also significant, allowing for collaborative, continuous API enhancements.

    Smart Contracts and Blockchain Innovations

    Blockchain is playing an integral role in managing settlements, SLAs, and service orders through smart contracts, introducing new levels of trust and transparency. This evolution in business practices is fostering streamlined operations among vendors, partners, and enterprises.

    Wholesale NaaS Adoption Leading the Way

    NaaS adoption has gained significant traction in the wholesale sector, where high-volume transactions and concentrated stakeholders make it viable. Broader enterprise adoption may require longer cycles, but those ready to embrace NaaS stand to gain a competitive edge through network service digitization.

    Reflections and Forward-Looking Perspectives

    NaaS is advancing rapidly, and while complete enterprise adoption may take time, the vision is clear: agile, efficient, and customer-focused networking is the future. Enterprises that embrace the shift toward digital solutions will be well-positioned to lead in the evolving network services landscape.

    Stephen Thomas of Frost & Sullivan had the privilege of presenting the 2024 MEF Award for “Best NaaS Vision Technology Provider,” with Amartus earning the accolade and setting the stage for future industry advancements.

    Frost & Sullivan invites industry leaders to explore growth opportunities within network services. To connect with our growth experts, reach out to Stephen.thomas@frost.com.

    The post Growth Perspectives: Key Takeaways from the MEF Global NaaS Event 2024 appeared first on Frost & Sullivan.

    ]]>
    Are You Aware of the Key Strategic Imperatives Shaping the Oil and Gas Industry? https://www.frost.com/growth-opportunity-news/energy-environment/oil-gas/are-you-aware-of-the-key-strategic-imperatives-shaping-the-oil-and-gas-industry-cim-ma/ Fri, 08 Nov 2024 05:14:53 +0000 https://www.frost.com/?p=22993370 The oil and gas industry is experiencing a significant evolution influenced by critical strategic imperatives. With the rising adoption of renewable energy, demand for fossil fuels is shifting dramatically, urging companies to reevaluate their pricing and production strategies. Moreover, the impact of carbon pricing, coupled with technological advancements like artificial intelligence (AI) and Internet of […]

    The post Are You Aware of the Key Strategic Imperatives Shaping the Oil and Gas Industry? appeared first on Frost & Sullivan.

    ]]>
    The oil and gas industry is experiencing a significant evolution influenced by critical strategic imperatives. With the rising adoption of renewable energy, demand for fossil fuels is shifting dramatically, urging companies to reevaluate their pricing and production strategies. Moreover, the impact of carbon pricing, coupled with technological advancements like artificial intelligence (AI) and Internet of Things (IoT), is transforming operational practices. Embracing these changes is essential for companies determined to thrive and lead in this dynamic energy landscape. Let’s delve into the top 10 imperatives that are redefining the industry:

    1. Transformative Megatrends

    Embracing Green Energy: The rising adoption of renewable energy sources is both a challenge and an opportunity to oil and gas sector players. Electrification of processes presents a major decarbonization opportunity, while playing in renewable energy markets is an increasingly attractive growth opportunity. Adapting to these changes is crucial for maintaining competitiveness in the evolving energy landscape.

    1. Transformative Megatrends

    Implementing Carbon Pricing: The implementation of global carbon pricing is reshaping operational costs and investment strategies in the oil sector. This shift incentivizes companies to adopt cleaner technologies, driving innovation and compliance with evolving environmental standards.

    1. Competitive Intensity

    Investing in Renewables: Major oil companies are channelling investments into renewable energy projects. This strategy is vital for maintaining competitiveness against traditional renewable firms and adapting to the evolving energy landscape.

    1. Innovative Business Models

    Leveraging AI for Drilling: Utilizing artificial intelligence (AI) to manage remote drilling operations enhances safety and precision while effectively reducing operational costs. This technological integration is crucial for improving efficiency in the oil extraction process.

    1. Internal Challenges

    Overcoming Digital Resistance: Addressing and overcoming internal resistance to digital transformation is essential for oil companies. Embracing technological advancements will enable them to stay competitive in a rapidly changing industry landscape.

     Is your organization equipped to leverage strategic imperatives for growth in the oil and gas industry?

    1. Industry Convergence

    Fostering Tech-Oil Partnerships: Building collaborations between technology companies and oil giants is critical for developing advanced carbon capture technologies. These partnerships are necessary for achieving environmental compliance and enhancing sustainability efforts.

    1. Compression of Value Chains

    Deploying IoT Solutions: Implementing Internet of Things (IoT) devices across oilfields for real-time monitoring enhances decision-making and operational efficiency. This technology facilitates better resource management and improves overall productivity in oil operations.

    1. Innovative Business Models

    Offering Carbon Capture Solutions: Providing carbon capture as a service (CCaaS) to hard-to-abate industries (such as energy, oil and gas, steel, cement, and other heavy industries) allows companies to meet environmental commitments and regulations effectively. This initiative helps reduce their carbon footprint and supports their sustainability goals.

    1. Internal Challenges

    Integrating Renewable Technologies: Incorporating renewable energy technologies into oil extraction processes minimizes environmental impact and operational costs. This integration is essential for adapting to industry shifts toward sustainability.

    1. Geopolitical Chaos

    Adapting to Trade Dynamics: Ongoing trade wars are transforming global oil trade routes, necessitating strategic adjustments in supply chains and pricing. Companies must develop agile strategies to navigate these changes and maintain profitability.

    Are you adopting strategic imperatives and innovative business models to thrive in the oil and gas industry?

    In conclusion, navigating the oil and gas industry’s challenges requires a proactive approach to strategic imperatives. By investing in renewables, leveraging advanced technologies, and fostering carbon capture partnerships, companies can adapt to industry dynamics. Integrating sustainable practices will enhance operational efficiency and secure their position in a competitive, environmentally conscious future.

    Frost & Sullivan’s team of growth experts is here to coach you in identifying the strategic imperatives negatively impacting your organization and the growth opportunities that arise from addressing these imperatives.

    Join the Transformation Journey

    The post Are You Aware of the Key Strategic Imperatives Shaping the Oil and Gas Industry? appeared first on Frost & Sullivan.

    ]]>
    Are you harnessing proptech to drive innovation in the real estate industry? https://www.frost.com/growth-opportunity-news/energy-environment/homes-buildings/are-you-harnessing-proptech-to-drive-innovation-in-the-real-estate-industry-cim-ma/ Fri, 08 Nov 2024 05:06:32 +0000 https://www.frost.com/?p=22993367 Frost & Sullivan’s Homes and Buildings webinar series explored the theme ‘How are PropTech Strategies Pushing Real Estate Transformation?’ Led by industry experts, the session focused on how PropTech is revolutionizing the real estate industry by uncovering new growth opportunities, enhancing operational efficiencies, and leveraging emerging technologies for industry disruption. Featured Panellists: Melvin Leong, Growth […]

    The post Are you harnessing proptech to drive innovation in the real estate industry? appeared first on Frost & Sullivan.

    ]]>
    Frost & Sullivan’s Homes and Buildings webinar series explored the theme ‘How are PropTech Strategies Pushing Real Estate Transformation?’ Led by industry experts, the session focused on how PropTech is revolutionizing the real estate industry by uncovering new growth opportunities, enhancing operational efficiencies, and leveraging emerging technologies for industry disruption.

    Featured Panellists:

    • Melvin Leong, Growth Expert and Senior Director at Frost & Sullivan
    • Dennis Marcell Victor, Growth Expert and Senior Industry Analyst at Frost & Sullivan
    • Ajay Kumar, Co-Founder and CEO at Monk Tech Labs

    Note: Gain valuable perspectives from these industry experts by clicking here to access the recorded session of the webinar.

    Emphasizing the Value of Technology Adoption: To remain competitive in the evolving real estate landscape, businesses must prioritize robust technology adoption strategies. By integrating advanced solutions, organizations can future-proof operations, enhance productivity, and attract new talent from emerging generations that demand tech-driven environments.

    Fostering Partnerships for Data Transparency: Active collaboration between PropTech companies and local governments is vital for digitizing real estate transaction records. By enhancing data accessibility and transparency, stakeholders can foster trust among consumers, streamline processes, and facilitate informed decision-making, ultimately driving growth in the real estate space.

    Adopting Sustainable Practices in Building: Incorporating sustainable construction materials like bamboo and recycled glass, along with promoting prefabricated building methods, is essential for enhancing efficiency and reducing environmental impact. This strategic focus not only meets regulatory demands but also aligns with increasing consumer expectations for sustainability in real estate development.

    Aligning with Customer Expectations: Understanding customer needs and preferences is crucial for designing property management solutions that enhance accessibility and user experience. By prioritizing transparency and responsiveness, organizations can build stronger relationships with clients, driving satisfaction and loyalty in a highly competitive real estate environment.

    How is your organization improving property management solutions to identify growth opportunities and enhance customer understanding?

    Schedule a growth dialog with our experts to explore growth opportunities in property technology management.

    Click here to schedule your growth dialog.

    “PropTech is not just about innovation; it’s the lifeline for real estate’s future. Embracing this change is essential for survival and growth in an increasingly competitive landscape.” 
     
    Ajay Kumar
    Co-Founder and CEO
    Monk Tech Labs

    In conclusion, grasping what is PropTech is essential for stakeholders in the real estate industry. By embracing technology, fostering strategic partnerships, and prioritizing sustainability, businesses can drive innovation, elevate customer experiences, and achieve growth in an increasingly competitive landscape.

    The post Are you harnessing proptech to drive innovation in the real estate industry? appeared first on Frost & Sullivan.

    ]]>
    Are you enhancing AEC efficiency by leveraging disruptive technologies? https://www.frost.com/growth-opportunity-news/energy-environment/homes-buildings/are-you-enhancing-aec-efficiency-by-leveraging-disruptive-technologies-cim-ma/ Fri, 08 Nov 2024 04:49:49 +0000 https://www.frost.com/?p=22993364 Frost & Sullivan’s Homes and Buildings webinar series explored the theme ‘Digital Construction Management in Maximizing Architecture, Engineering, and Construction (AEC) Efficiency.’ Led by industry experts, the session focused on how digital construction management, through Building Information Modelling (BIM) and digital twin technologies, enhances efficiency in the AEC industry by addressing key challenges and identifying […]

    The post Are you enhancing AEC efficiency by leveraging disruptive technologies? appeared first on Frost & Sullivan.

    ]]>
    Frost & Sullivan’s Homes and Buildings webinar series explored the theme ‘Digital Construction Management in Maximizing Architecture, Engineering, and Construction (AEC) Efficiency.’ Led by industry experts, the session focused on how digital construction management, through Building Information Modelling (BIM) and digital twin technologies, enhances efficiency in the AEC industry by addressing key challenges and identifying growth opportunities.

    Featured Panellists:

    • Melvin Leong, Growth Expert and Senior Director at Frost & Sullivan
    • Anirudh Bhaskaran, Growth Expert and Industry Principal at Frost & Sullivan

    Note: Gain valuable perspectives from these industry experts by clicking here to access the recorded session of the webinar.

    Fostering Collaborative Solutions: Strategic partnerships are essential for developing comprehensive digital twin solutions that drive innovation and operational efficiency across the entire building lifecycle. By collaboratively addressing complex industry challenges, stakeholders can harness collective expertise to create integrated systems that optimize performance, reduce downtime, and enhance user experience in smart buildings.

    Adapting to Regulatory Landscapes: To effectively leverage digital twin technologies, organizations must proactively adapt to a rapidly changing regulatory environment. By prioritizing compliance and aligning digital solutions with emerging standards, businesses can not only ensure broader acceptance but also unlock new market opportunities. This approach positions firms as leaders in innovation while mitigating risks associated with regulatory non-compliance.

    Enhancing Data Integration: Implementing standardized protocols and APIs is crucial for achieving seamless data integration across diverse systems within the building lifecycle. By focusing on interoperability, organizations can enhance project management efficiency and execution accuracy. This strategic imperative foster real-time collaboration among stakeholders, leading to informed decision-making and improved project outcomes in an increasingly data-driven industry.

    Embracing Innovative Technologies: Adopting advanced digital twin and artificial intelligence (AI) technologies is vital for optimizing building lifecycle management. By strategically integrating these innovations, organizations can reduce operational costs, mitigate risks, and enhance project sustainability throughout design, construction, and operational phases. This commitment to leveraging cutting-edge technology not only drives efficiency but also positions firms at the forefront of the industry’s evolution.

    Are you leveraging strategic partnerships to enhance digital twin solutions and drive operational efficiency? 

    Schedule a growth dialog with our experts to explore growth opportunities in digital construction management.

    Click here to schedule your growth dialog.

    “Digital twin technology offers unprecedented opportunities to optimize building operations and enhance efficiency, enabling stakeholders to simulate scenarios, reduce risks, and drive innovation across the entire lifecycle of a project.”

    Anirudh Bhaskaran
    Growth Expert and Industry Principal
    Frost & Sullivan

    In summary, leveraging strategic partnerships and innovative technologies like digital twins and AI is crucial for enhancing building lifecycle management. By navigating regulatory landscapes and prioritizing data integration, organizations can optimize operations, reduce costs, and drive sustainable practices, positioning themselves for success in an increasingly competitive and data-driven construction industry.

    The post Are you enhancing AEC efficiency by leveraging disruptive technologies? appeared first on Frost & Sullivan.

    ]]>
    Are you harnessing cutting-edge climate technologies and sustainable innovations to fuel growth? https://www.frost.com/growth-opportunity-news/energy-environment/environment-sustainability/are-you-harnessing-cutting-edge-climate-technologies-and-sustainable-innovations-to-fuel-growth-cim-ma/ Fri, 08 Nov 2024 04:40:12 +0000 https://www.frost.com/?p=22993361 Frost & Sullivan’s Sustainability and Circular Economy webinar series explored the theme ‘Transformation in Climate Technology: Exploring Innovations for a Sustainable Future and Resilient Systems.’ Led by experts in the field, the session explored the global Climate Technology landscape, focusing on megatrends and technological advancements in the context of mitigation and adaptation strategies Featured panellists: […]

    The post Are you harnessing cutting-edge climate technologies and sustainable innovations to fuel growth? appeared first on Frost & Sullivan.

    ]]>
    Frost & Sullivan’s Sustainability and Circular Economy webinar series explored the theme ‘Transformation in Climate Technology: Exploring Innovations for a Sustainable Future and Resilient Systems.’ Led by experts in the field, the session explored the global Climate Technology landscape, focusing on megatrends and technological advancements in the context of mitigation and adaptation strategies

    Featured panellists:

    • Fredrick Royan, Growth Expert and Global Practice Area Leader at Frost & Sullivan
    • Julieta Páez, Growth Expert and Research Analyst at Frost & Sullivan
    • Alexei Levene, Co-Founder at Desolenator
    • Nikhilesh Kumar, Co-Founder at Vassar Labs
    • Alexander John Cruz, Climate Technology Solutions Leader at Baker Hughes
    • Stephen Marland, Director of Product Innovation and Strategy at AiDash 

    Note: Gain valuable perspectives from these industry experts by clicking here to access the recorded session of the webinar.

    Embracing Policy as a Catalyst for Innovation: Governments play a pivotal role in enhancing climate technology solutions through incentives and funding opportunities. The webinar emphasized the importance of aligning development strategies with supportive policy frameworks for hydrogen, carbon capture, and other sustainable technologies.

    Integrate Biodiversity Considerations into Climate Strategies: Acknowledging the vital role of biodiversity in climate action is increasingly important. Advanced technologies, such as artificial intelligence (AI), are being utilized to improve environmental assessments and ensure regulatory compliance, thus positioning organizations as leaders in sustainable development.

    Integrating Holistic Solutions: Organizations are encouraged to adopt multifaceted approaches that combine nature-based solutions with technology-driven strategies. This integration aims to optimize environmental performance and strengthen corporate accountability.

    Collaborative Partnerships for Impact: Building robust partnerships with diverse stakeholders is essential for driving successful climate interventions. Collaborative efforts enable organizations to leverage shared knowledge and resources, ultimately leading to sustainable outcomes.

    How is your organization integrating technology and sustainability strategies to enhance environmental performance?

    By integrating climate technologies into your strategies, you can position your organization at the forefront of the rapidly evolving sustainability landscape. Embrace the opportunities created by innovative technologies and supportive policies to drive meaningful change, enhance environmental impact, and lead the way in combating climate change while fostering biodiversity.

    Managing biodiversity is not just an environmental necessity; it’s essential for meeting regulatory requirements and driving sustainable growth.”

    Stephen Marland
    Director of Product Innovation and Strategy
    AiDash

    The post Are you harnessing cutting-edge climate technologies and sustainable innovations to fuel growth? appeared first on Frost & Sullivan.

    ]]>
    Are You Capitalizing on the Expanding Potential of Battery Energy Storage? https://www.frost.com/growth-opportunity-news/energy-environment/power-energy/expanding-potential-of-battery-energy-storage-cim-ma/ Thu, 07 Nov 2024 17:35:43 +0000 https://www.frost.com/?p=22993356 Frost & Sullivan’s Energy webinar series delved into the topic, ‘Vital Role of Energy Storage in the Energy Transition.’ Led by industry experts, the session highlighted the latest megatrends, developments, and growth opportunities within the grid-scale battery energy storage space. Featured panellists: Jonathan Robinson, Growth Expert and VP of Research at Frost & Sullivan Maria […]

    The post Are You Capitalizing on the Expanding Potential of Battery Energy Storage? appeared first on Frost & Sullivan.

    ]]>
    Frost & Sullivan’s Energy webinar series delved into the topic, ‘Vital Role of Energy Storage in the Energy Transition.’ Led by industry experts, the session highlighted the latest megatrends, developments, and growth opportunities within the grid-scale battery energy storage space.

    Featured panellists:

    • Jonathan Robinson, Growth Expert and VP of Research at Frost & Sullivan
    • Maria Benintende, Growth Expert and Industry Director, Frost & Sullivan

    Note: Gain valuable perspectives from these industry experts by clicking here to access the recorded session of the webinar.

    • Integrating Renewables: Battery energy storage is playing an essential role in managing the intermittency of renewables like wind and solar, enabling a stable and reliable electricity supply as global capacity expands.
    • Driving Innovation in Regulations: Governments are increasingly implementing supportive policies that enhance the business case for battery energy storage, driving investment and innovation across key segments.
    • Harnessing the Growth of Battery Storage: Recognizing the accelerating expansion of battery energy storage is essential for enhancing energy security and meeting rising demands for resilience in a rapidly evolving landscape.
    • Integrating AI for Operational Excellence: Leaders are encouraged to adopt artificial intelligence (AI) technologies to optimize battery production and management, enhancing operational efficiency and supporting sustainability initiatives in response to evolving regulatory landscapes.

    How are you leveraging battery energy storage to create growth opportunities amidst the transformative megatrends in energy?

    “Battery energy storage will play a pivotal role in stabilizing renewable energy, as we move towards a more sustainable grid.”

    – Maria Benintende
    Industry Director and Growth Expert
    Frost & Sullivan

    In conclusion, the convergence of renewable energy, supportive regulations, and advanced technologies like AI positions battery energy storage as a cornerstone of a sustainable energy future. By prioritizing innovation and resilience, we can effectively meet growing energy demands while ensuring a stable, secure, and environmentally friendly electricity supply.

    The post Are You Capitalizing on the Expanding Potential of Battery Energy Storage? appeared first on Frost & Sullivan.

    ]]>
    Is Your Business Positioned to Capitalize on the Expanding Digital Industry Accelerators Ecosystem? https://www.frost.com/growth-opportunity-news/industrial/digital-industry-accelerators/capitalize-on-the-expanding-digital-industry-ecosystem-cim-ps/ Thu, 07 Nov 2024 17:28:46 +0000 https://www.frost.com/?p=22993353 The industrial landscape is rapidly transforming, with an ecosystem of digital industry accelerators (DIAs) emerging in response to increasing demands for digital transformation in manufacturing. Powered by artificial intelligence (AI), machine learning (ML), cloud computing, and 5G, these accelerators are driving unprecedented growth and fostering more agile, data-driven, and sustainable industries. A key driver in […]

    The post Is Your Business Positioned to Capitalize on the Expanding Digital Industry Accelerators Ecosystem? appeared first on Frost & Sullivan.

    ]]>
    The industrial landscape is rapidly transforming, with an ecosystem of digital industry accelerators (DIAs) emerging in response to increasing demands for digital transformation in manufacturing. Powered by artificial intelligence (AI), machine learning (ML), cloud computing, and 5G, these accelerators are driving unprecedented growth and fostering more agile, data-driven, and sustainable industries. A key driver in this shift is software-defined automation, which is enabling dynamic, reconfigurable processes across various domains. Notably, this evolution isn’t exclusive to the tech giants; it’s opening doors for start-ups, innovators, and even non-tech firms to re-invent their business models and achieve new levels of productivity.

    Which Segments Are Leading the DIA Boom?

    Cloud-native applications, AI-powered analytics, and Internet of Things (IoT)-driven industrial automation are emerging as some of the most powerful drivers for digital transformation in manufacturing. Let’s explore how these segments are shaping the future.

    Cloud Computing and Data Analytics: Businesses are increasingly using scalable cloud architectures to speed up data processing and decision-making. This megatrend is transforming healthcare, finance, and retail, allowing faster decision cycles, real-time risk management, and digital innovation.

    AI and ML: Artificial intelligence in manufacturing, along with machine learning, is enabling predictive maintenance, personalized experiences, and trend forecasting. Companies are leveraging these technologies to streamline operations, reduce costs, and drive innovation.

    IoT and Edge Computing: IoT sensors and edge computing are enhancing real-time monitoring and predictive analysis, creating a highly connected and efficient ecosystem in smart manufacturing, logistics, and smart cities. By processing data closer to its source, companies are reducing latency and advancing smart manufacturing and intelligent transportation.

    READ MORE: Industrial Roboverse Growth Opportunities, 2024-2029

    Who Are the Power Players Driving the DIA Ecosystem?

    The DIA ecosystem is bustling with a range of players, each contributing unique capabilities to make industries more dynamic, connected, and intelligent.

    • Tech Giants: Leading technology providers like Amazon Web Services (AWS), Microsoft Azure, and Google Cloud are anchoring this ecosystem. Their platforms are empowering companies with cloud infrastructure, AI services, and data analytics tools that help building and scaling digital solutions.
    • Innovative Startups: Startups are injecting fresh ideas and technologies into the digital accelerator ecosystem. From AI startups developing predictive tools to IoT innovators revolutionizing logistics, these players bring agility and niche expertise. Companies like Snowflake, Palantir, and Databricks are examples of emerging players offering powerful data solutions and analytics platforms that complement traditional business models.
    • Consulting and Integration Firms: Digital transformation consultants are helping businesses bridge the gap between technology and business strategy. They are providing specialized expertise in deploying digital accelerators, aligning them with clients’ specific goals. From implementing cloud solutions to integrating AI-powered customer relationship management (CRM) tools, these firms are ensuring that businesses are maximizing value.
    • Universities and Research Institutions: Institutions like MIT’s Digital Lab and Stanford’s AI Research Center are pushing the boundaries of technology with innovative research in areas like digital twins, AI ethics, and quantum computing. These academic powerhouses are crucial in fueling the talent and ideas that sustain the ecosystem’s growth.

    How Are Partnerships and Collaborations Expanding the Digital Ecosystem?

    By teaming up with technology vendors, industry leaders, and academic institutions, businesses are unlocking new efficiencies and enhancing their competitive edge.

    For example, IBM and Siemens have recently partnered to offer an integrated IoT and edge computing platform that is enhancing automation in manufacturing. Similarly, Microsoft is joining forces with Johnson Controls to develop smart building solutions, focusing on energy management and sustainability. Such collaborations are not only advancing digital capabilities but also fostering an interconnected ecosystem where companies can share data, innovation, and insights across industries.

    About Frost & Sullivan

    Harnessing Industry 4.0 technology has become imperative for companies looking to thrive in today’s world. Let Frost & Sullivan guide your journey through smart manufacturing and automated production systems, paving the way to a digitally empowered future.

    Frost & Sullivan, the growth pipeline company, enables clients to accelerate growth and achieve best-in-class industry positioning in terms of innovation and leadership. The company’s ‘Growth Pipeline-as-a-Service’ provides corporate management teams with transformational strategies and best-practice models that catalyze growth opportunity generation, evaluation, and implementation. Let us coach you on your transformational journey, while we actively support you in fostering collaborative initiatives within the DIA ecosystem. This journey is fueled by four powerful components, ensuring your success in navigating dynamic business and Industry 4.0 landscapes.

    • Schedule a Growth Dialog with our team to dive deeper into transformational strategies and explore specific needs within your company.
    • Become a Frost Growth Expert in your area of specialization and share your expertise and passion with the community through our think tanks.
    • Join Frost & Sullivan’s Growth Council and become an integral member of a dynamic community focused on identifying growth opportunities and addressing critical challenges that influence industries.
    • Designate your company as a Companies to Action to maximize your exposure to investors, new merger and acquisition opportunities, and other growth prospects.

    The post Is Your Business Positioned to Capitalize on the Expanding Digital Industry Accelerators Ecosystem? appeared first on Frost & Sullivan.

    ]]>
    Confronted by Rising Costs, Weakening European Demand, and Increased Competition from Chinese Automakers, Volkswagen opts for Drastic Restructuring https://www.frost.com/news/confronted-by-rising-costs-weakening-european-demand-and-increased-competition-from-chinese-automakers-volkswagen-opts-for-drastic-restructuring/ Thu, 07 Nov 2024 12:35:08 +0000 https://www.frost.com/?p=22993351 What impact will plant closures and layoffs in Germany have on the future of Volkswagen, Germany, and the global automotive industry?

    The post Confronted by Rising Costs, Weakening European Demand, and Increased Competition from Chinese Automakers, Volkswagen opts for Drastic Restructuring appeared first on Frost & Sullivan.

    ]]>
    Volkswagen, Germany’s iconic automotive brand, is on the verge of making drastic structural changes. Facing surging operational costs, dwindling demand in Europe, and intensifying competition from Chinese automakers, Volkswagen is considering shuttering three factories in Germany for the first time in its 87-year history. This unprecedented decision forms part of a larger plan to save €10 billion by 2026. The move, prompted by the company’s need to realign its finances and meet long-term strategic goals, has sent shockwaves through the global automotive market.

    A Shifting Market Landscape

    The roots of Volkswagen’s financial strain lie in multiple, interwoven challenges. Over the past few years, Europe’s automotive market has shrunk significantly, with car sales approximately two million units below pre-pandemic levels. Volkswagen holds around 25% of this market, which translates to a shortfall of roughly 500,000 cars—equivalent to the output of two of the automaker’s German plants. This decline, coupled with a drop in demand for electric vehicles (EVs) due to subsidy rollbacks and sluggish infrastructure development, has left Volkswagen grappling with underutilized factories and high production costs.

    Compounding these challenges is the heightened competition from Chinese EV manufacturers, who have gained traction in both Chinese and European markets by offering competitively priced models. Despite regulatory support for EVs in Europe, Volkswagen’s electric models are burdened by high battery expenses and tight profit margins, making them less competitive. Moreover, other leading German automakers like BMW and Mercedes-Benz have also seen profits dwindle under similar pressures. This trend underscores a larger, industry-wide need for cost reductions to stay viable in a demanding market.

    Mounting Workforce Resistance

    Volkswagen’s proposal to downsize its German operations has faced fierce resistance from both workers and unions. The company employs around 120,000 people across its ten German plants, representing a significant portion of Germany’s industrial workforce. For decades, Volkswagen has been synonymous with job security in Germany, underscored by a three-decade-long job protection pledge set to expire in 2029. However, the current restructuring plan would not only jeopardize thousands of jobs but would also require existing employees to accept pay cuts and freezes through 2026.

    The unionized workforce, represented by the influential IG Metall, has pushed back against these proposed cost-cutting measures, arguing that merely cutting labor costs won’t resolve VW’s financial troubles. Instead, they point to the need for better management and innovative product development. The unions’ influence within Volkswagen is substantial, holding nearly half of the company’s board seats and a 20% voting stake in partnership with the state of Lower Saxony. This arrangement means any proposed cuts will undergo extensive negotiation, possibly leading to prolonged discussions before a consensus is reached.

    Restructuring in the Face of Global Competition

    Volkswagen’s restructuring efforts reflect a broader trend among European automakers adapting to a more competitive and evolving market landscape. With energy costs rising in Europe and demand stagnating, manufacturers are re-evaluating their production locations and labor structures. High operational costs in Germany have made domestic production less sustainable, prompting Volkswagen management to consider alternate strategies. German factories, on average, operate with costs 25-50% above target levels, with some production lines twice as expensive as those of competitors.

    A significant portion of the German automaker’s international revenue comes from China, yet recent years have shown a decline in Chinese demand for German-made vehicles as domestic brands gain dominance. Furthermore, the European Union’s recent move to increase tariffs on Chinese EVs, in response to what they describe as unfair subsidies, has added complexity to the trade relationship. Germany, which voted against these tariffs due to concerns about potential backlash, remains cautious about heightening tensions with one of its largest trading partners.

    Our Perspective

    The ramifications of Volkswagen’s restructuring extend beyond the company itself, with far-reaching impacts on Germany’s economy and the global automotive industry. The automaker’s situation is reflective of larger trends in the automotive sector, as high labor costs, increased global competition, and the shift to EVs disrupt traditional manufacturing hubs.

    Today, competitive production capabilities have become critical to survival in a challenging global automotive industry. As manufacturing costs in Germany continue to rise, automakers like Volkswagen are likely to increasingly embrace cost-cutting measures to maintain their competitiveness. Meanwhile, plant closures and layoffs, while probably necessary, represent a fundamental departure from Volkswagen’s established practices. Such decisions could compromise the company’s brand image as a symbol of German automotive strength and potentially affect consumer sentiment in both domestic and international markets.

    A reduction in Volkswagen’s domestic manufacturing footprint would affect local economies, disrupt the supply chain, and further slow Germany’s already sluggish post-pandemic recovery. As Germany’s largest employer, any layoffs at Volkswagen would exacerbate the economic challenges the country currently faces.

    Globally, Volkswagen’s restructuring highlights the intense competition within the automotive industry, especially as companies shift towards electrification. German automakers now confront the increasingly assertive presence of Chinese EVs in their backyard and the German automotive industry, once unchallenged in quality and engineering, faces mounting pressure to maintain competitiveness against lower-cost, faster-moving competitors from Asia.

    As Volkswagen and its European peers adapt to this competitive environment, a realignment of production sites and cost structures may be inevitable. While Volkswagen’s restructuring may be aimed at ensuring long-term survival, the immediate effects will likely be a period of painful adjustment for the company, Germany, and the broader automotive sector.

    Could we be looking at an industrial landscape in which German automakers like Volkswagen play a reduced role, while lower-cost producers from Asia gain ascendance? There are no clear answers yet. As this story unravels over the next several months, the outcome might well hold lessons for other automakers grappling with similar market dynamics.

    With inputs from Amrita Shetty, Senior Manager, Communications & Content – Mobility

    The post Confronted by Rising Costs, Weakening European Demand, and Increased Competition from Chinese Automakers, Volkswagen opts for Drastic Restructuring appeared first on Frost & Sullivan.

    ]]>
    Revolutionizing Healthcare with Generative AI: Key Insights from the Latest Webinar https://www.frost.com/growth-opportunity-news/healthcare/healthcare-it/revolutionizing-healthcare-with-generative-ai-key-insights-from-the-latest-webinar-tjstory-cim-sg/ Thu, 07 Nov 2024 12:29:44 +0000 https://www.frost.com/?p=22993346 Generative AI’s rapid evolution is reshaping healthcare partnerships and contracting models. Vendors are moving beyond technology provision to act as strategic partners, supporting organizations to navigate the complex compliance frameworks and creating tailored solutions that enhance operational, financial, and clinical workflows. By partnering with AI-driven tech innovators, healthcare organizations are leveraging targeted solutions that require […]

    The post Revolutionizing Healthcare with Generative AI: Key Insights from the Latest Webinar appeared first on Frost & Sullivan.

    ]]>
    Generative AI’s rapid evolution is reshaping healthcare partnerships and contracting models. Vendors are moving beyond technology provision to act as strategic partners, supporting organizations to navigate the complex compliance frameworks and creating tailored solutions that enhance operational, financial, and clinical workflows.

    By partnering with AI-driven tech innovators, healthcare organizations are leveraging targeted solutions that require minimal change management while delivering near-term returns such as improving clinical documentation, automating prior authorization, and enhancing patient/consumer engagement. Together, these stakeholders are driving advancements in both clinical and non-clinical workflows to align with dimensions of the quintuple aim of improving healthcare.

    Frost & Sullivan’s Healthcare IT Webinar Series recently hosted an in-depth session titled, “Large Language Models and Generative AI in Healthcare: Exploring Best Practices & Competitive Positioning.” Insights from industry leaders and experts provided valuable perspectives that are helping shape the future of healthcare AI.

    Featured Experts:

    • Greg Caressi, Growth Coach & Senior Vice President, Frost & Sullivan
    • Nitin Manocha, Growth Expert & Senior Industry Analyst, Frost & Sullivan
    • Rom Eizenberg, Chief Revenue Officer, Kontakt.io
    • Alex MacLeod, Director, Healthcare Solution Innovation Development, InterSystems
    • Nirmal Ranganathan, VP of Engineering – Artificial Intelligence, Rackspace Technology

    Note: Click here to access the recorded session and gain valuable insights from these experts.

    Key Takeaways from the Discussion:

    • Emergence of GenAI v2.0 in Healthcare: While the initial phase of generative AI (GenAI v1.0) has primarily improved administrative workflows, the industry is on the brink of GenAI v2.0. This new phase will utilize AI’s analytical and deductive capabilities, creating a powerful tool that augments workforce productivity and supports clinical decision-making.
    • Importance of Localized Language Models: Publicly accessible language models are effective for quick-launch products that don’t directly impact patient health. However, the industry seeks localized models trained on regional data for improved accuracy, greater adoption, and user trust. Transparency around the data sources and lineage also enhances solution credibility.
    • Managing AI Hallucinations in Clinical Use: While hallucinations are an inherent part of AI, controlling them is critical for clinical applications. Some vendors are tackling this challenge by layering language models, ensuring that insights are validated through multiple checks. In some cases, different LLMs are employed within various solution components to bolster content reliability.
    • Defining Liability Across Multi-Party Relationships: In healthcare’s complex AI ecosystem, which includes LLM developers, health IT solution providers, and end users, clarifying each party’s responsibilities and liability is crucial. This clarity is especially important for AI solutions intended for clinical or patient-facing applications.
    • A Surge in GenAI Adoption: Healthcare has embraced GenAI at an impressive rate, showing an openness unmatched with previous technologies. As adoption accelerates in the coming year, the industry anticipates even broader and more sophisticated applications that will likely require forward-thinking strategies from payors, providers, and vendors alike.

    Is your organization exploring new technology partnerships and AI-driven business models to capitalize on GenAI’s transformative potential in healthcare?

    Generative AI is paving the way for a more efficient, responsive, and innovative healthcare system, though its adoption must be balanced with vigilance over data privacy and solution transparency. By prioritizing targeted use cases and fostering collaboration across the ecosystem, healthcare organizations can effectively integrate AI to meet clinical, operational, and financial goals. As the technology matures and moves toward GenAI v2.0, the potential for enhanced patient care and streamlined processes is immense. Healthcare leaders who stay ahead of these advancements will be well-positioned to harness AI’s full capabilities and drive significant value for patients, providers, and payors alike.

    “Demystifying AI is crucial because so many people understand it differently. Today, AI isn’t just about language generation or machine learning—it’s a powerful assistant that can take notes, make deductions, and streamline tasks that are often burdensome. This technology is crossing boundaries, from enhancing healthcare workflows to passing the Turing test, blending consumer and enterprise innovation in ways that are reshaping industries. The goal? To empower teams, from engineers to healthcare providers, with a tool that transforms how we work, think, and care for others.”

     

    Rom Eizenberg, Chief Revenue Officer, Kontakt.io

    The post Revolutionizing Healthcare with Generative AI: Key Insights from the Latest Webinar appeared first on Frost & Sullivan.

    ]]>
    Is Your Organization Ready to Seize Growth Opportunities in AI-Driven Consumer Electronics? https://www.frost.com/growth-opportunity-news/is-your-organization-ready-to-seize-growth-opportunities-in-ai-driven-consumer-electronics-tgp-cim-sn/ Thu, 07 Nov 2024 08:45:38 +0000 https://www.frost.com/?p=22993343 As artificial intelligence (AI) and emerging technologies reshape industries, their impact on consumer electronics is unlocking powerful new growth avenues. From smart devices to quantum computing, AI is pushing companies to rethink innovation, enhancing user experiences and driving operational efficiency. In this rapidly evolving landscape, businesses must adopt forward-thinking strategies to remain competitive. The following […]

    The post Is Your Organization Ready to Seize Growth Opportunities in AI-Driven Consumer Electronics? appeared first on Frost & Sullivan.

    ]]>
    As artificial intelligence (AI) and emerging technologies reshape industries, their impact on consumer electronics is unlocking powerful new growth avenues. From smart devices to quantum computing, AI is pushing companies to rethink innovation, enhancing user experiences and driving operational efficiency. In this rapidly evolving landscape, businesses must adopt forward-thinking strategies to remain competitive.

    The following technologies are driving transformational growth in AI-powered consumer electronics:

    • Generative AI in Consumer Devices: From voice assistants to augmented reality (AR), AI is enhancing user interactions and creating personalized experiences that redefine consumer engagement.
    • Quantum Computing in Manufacturing: AI-driven manufacturing processes are leveraging quantum computing to solve complex problems faster, improving efficiency and reducing time-to-market.
    • Edge AI for Real-Time Applications: As connected devices like autonomous vehicles and IoT gadgets evolve, Edge AI is enabling real-time decision-making, reducing latency and optimizing performance.

    With AI adoption scaling across industries, businesses are under pressure to innovate and harness these technologies to drive growth. By integrating AI-powered solutions, companies can streamline workflows, reduce costs, and accelerate product development.

    At Frost & Sullivan, we’ve been at the forefront of AI advancements, helping businesses identify opportunities and implement cutting-edge strategies through our TechVision ICT Growth Perspectives. Our analytics empower organizations to unlock new opportunities in AI-driven electronics and stay ahead in a competitive market.

    Which Growth Opportunities Will Enable Your Organization to Thrive?

    • Enhancing User Experiences with Generative AI: Leverage AI-powered design to create personalized and immersive consumer interactions across devices.
    • Driving Innovation with Quantum AI: Implement quantum AI to solve complex manufacturing challenges and boost productivity across industries.
    • Harnessing Edge AI for Real-Time Performance: Develop AI-driven solutions that improve the performance of connected devices in critical applications like healthcare and autonomous systems.

    To dive deeper into these growth opportunities and learn from industry leaders who have successfully embraced them, click here..

    In conclusion, as AI transforms the consumer electronics industry, investing in advanced AI-driven solutions is essential for businesses looking to thrive. By adopting the right strategies and staying ahead of emerging trends, your organization can unlock long-term growth potential in this era of AI-powered innovations.

    Download now to explore the future of AI in consumer electronics!

    The post Is Your Organization Ready to Seize Growth Opportunities in AI-Driven Consumer Electronics? appeared first on Frost & Sullivan.

    ]]>
    Which Megatrends Will Enable Your Organization to Thrive in 2040? https://www.frost.com/growth-opportunity-news/which-megatrends-will-enable-your-organization-to-thrive-in-2040-kts-cim-sn/ Thu, 07 Nov 2024 08:29:54 +0000 https://www.frost.com/?p=22993327 The economic landscape is experiencing transformative shifts, fueled by breakthroughs in advanced technologies like artificial general intelligence (AGI), quantum computing, and the emergence of new growth centers in Asia and Africa. These advancements are transforming industries, economies, and societies, pushing businesses to rethink how they operate and grow. AGI and quantum computing are not just […]

    The post Which Megatrends Will Enable Your Organization to Thrive in 2040? appeared first on Frost & Sullivan.

    ]]>
    The economic landscape is experiencing transformative shifts, fueled by breakthroughs in advanced technologies like artificial general intelligence (AGI), quantum computing, and the emergence of new growth centers in Asia and Africa. These advancements are transforming industries, economies, and societies, pushing businesses to rethink how they operate and grow. AGI and quantum computing are not just technological innovations — they are disruptive forces reshaping everything from supply chain optimization to human-computer interaction. Simultaneously, Africa and Asia are emerging as the next economic powerhouses, bringing new opportunities for investment, talent, and innovation.

    Frost & Sullivan’s webinar, “Top 5 Transformational Megatrends to 2040: Exploring the Future of Adaptive Education, Advanced Computing, and the Next Global Growth Centers,” convened leading experts to explore the five most impactful megatrends set to define the future of business, technology, and society. Experts: Malabika Mandal Ray, Global Research Manager, Frost & Sullivan; Ankit Shukla, Vice President – TechVision, Frost & Sullivan; Sukriti Mahna, Senior Analyst – TechVision, Frost & Sullivan.

    To gain valuable perspectives from these experts and access the recorded session of this webinar, click here.

    What Were the Transformative Viewpoints Discussed During the Webinar?

    • Harnessing the Power of AGI, 6G, and Quantum Computing: The integration of AGI, 6G wireless connectivity, and quantum computing is revolutionizing industries, transforming everything from communication networks to human-computer interaction. These advancements will accelerate the development of brain-machine interfaces and push boundaries in computational power, driving innovation across sectors like healthcare, aviation and more. As investments in generative artificial intelligence (GenAI) are expected to reach $12 billion by the end of 2024, the opportunity to harness these disruptive technologies has never been greater – Which strategies and business models will enable your organization to leverage AGI, 6G, and quantum computing for competitive advantage?
    • Addressing Critical Gaps Through Corporate Upskilling: In an era of rapid technological transformation, the shortage of skilled professionals has become a pressing challenge for organizations across industries. Upskilling initiatives like Walmart’s Correlation One program are addressing this gap by equipping employees with in-demand skills such as data analytics and software development. These efforts not only bridge skill gaps but also empower employees to contribute more effectively to business growth – Is your organization prepared to mitigate skill shortages by implementing targeted upskilling programs?
    • Optimizing Operations with Quantum Computing: The advent of quantum computing promises to transform industries such as supply chain management and logistics by solving complex optimization problems faster than traditional computing methods. When integrated with technologies like Internet of Things (IoT) and geolocation, quantum computing will enhance decision-making accuracy and operational efficiency – How will your organization capitalize on quantum computing’s potential to streamline operations and improve real-time decision-making?
    • Leveraging the Gig Economy for Innovation and Flexibility: As the workforce ecosystem evolves, companies are turning to the gig economy to balance profitability and workforce flexibility. By incorporating gig workers with specialized skills, businesses can reduce overhead costs while driving innovation in key areas. This shift allows organizations to remain agile and responsive to industry changes – Is your organization ready to integrate gig economy talent to foster innovation and drive operational flexibility?
    • Accelerating the Transition to Clean Energy with Green Hydrogen: The global push toward limitless clean energy is advancing through the adoption of electric vehicles (EVs), nuclear fusion, and the growing use of green hydrogen. Leading economies like China, the United States, and the European Union are driving this shift, with green hydrogen emerging as a key alternative to fossil fuels, promoting energy independence and sustainability. How is your organization preparing to integrate green hydrogen and lead the transition to 100% clean energy?
    • Africa and Asia: Emerging Growth Centers and Expanding Consumer Class: Africa and Asia are rapidly becoming global economic powerhouses, driven by growing working-age populations, rich mineral resources, and significant investments in renewable energy. With India and China leading the way, 40% of the world’s largest companies are now of Asian origin. Additionally, the rising middle class and younger populations, including Generation Z, Generation Alpha, and Generation Beta, are reshaping consumer markets and creating new business opportunities. How is your organization positioned to tap into the talent, resources, and evolving consumer base in these regions?

    “When most of the developed countries will see a hyper-aging society, these regions will see an increase in younger population like Gen Zs, Alphas, and Betas. This gives Africa and Asia a diverse consumer class, pushing economic growth and opening new opportunities for businesses operating in these areas.”

    Malabika Mandal Ray – Global Research Manager, TechVision

    “Businesses are progressively investing in green hydrogen production projects. It’s not only about replacing carbon-intensive fuels, but also reducing energy dependence. For instance, Amazon has already partnered with Plug Power to deploy hydrogen-powered forklifts, marking the beginning of this green energy revolution.”

    Sukriti Mahna, Senior Research Analyst, TechVision

    The post Which Megatrends Will Enable Your Organization to Thrive in 2040? appeared first on Frost & Sullivan.

    ]]>
    How is your organization positioning itself to stay competitive and drive growth amidst the rapidly evolving electric vehicle space? https://www.frost.com/growth-opportunity-news/drive-growth-amidst-the-rapidly-evolving-electric-vehicle-space-tgp-cim-pb/ Wed, 06 Nov 2024 17:34:53 +0000 https://www.frost.com/?p=22993313 The automotive industry is in the midst of a groundbreaking revolution, with electric vehicles (EVs) rapidly taking over as a driving force in global sales. By the end of 2024, one in every five vehicles sold globally is expected to be a battery electric vehicle (BEV), underscoring the escalating demand for zero-emission transport. Southeast Asia, […]

    The post How is your organization positioning itself to stay competitive and drive growth amidst the rapidly evolving electric vehicle space? appeared first on Frost & Sullivan.

    ]]>
    The automotive industry is in the midst of a groundbreaking revolution, with electric vehicles (EVs) rapidly taking over as a driving force in global sales. By the end of 2024, one in every five vehicles sold globally is expected to be a battery electric vehicle (BEV), underscoring the escalating demand for zero-emission transport. Southeast Asia, home to 700 million people, is positioning itself as a key hub for EV industry growth, fueled by proactive government policies and significant investments in EV charging infrastructure. Countries like Thailand, Indonesia, and Malaysia are driving ambitious national EV targets and implementing incentive programs to boost local manufacturing and expand EV charging networks. These efforts are positioning the region as a key player in the global electric vehicle ecosystem.

    Frost & Sullivan’s recent Cybersecurity webinar delved into the realm of— Growth Strategies for Vehicle Electrification: Navigating Regulatory Changes in the Philippines and Southeast Asia. This discussion explored why the Association of Southeast Asian Nations (ASEAN) governments are prioritizing investments in the EV domain. Discover key policy shifts to watch for and uncover emerging opportunities in this rapidly evolving space.

    Here, the following growth experts evaluated the primary challenges, growth opportunities, and examined the role that various stakeholders will play in shaping the industry’s trajectory: Paulo Mutuc—Associate Director and Growth Expert at Frost & Sullivan; Marie Danielle V. Guillen (Ph.D.)—Associate Professor at University of the Philippines-Diliman; Dr. Ryan D. Corpuz—Founder at Nanolabs LRC Co. Ltd and Dr. Jose Bienvenido Biona—Executive Director at Electric Vehicle Association of the Philippines (EVAP).

    To know more about the emerging growth opportunities in the evolving EV space and how industry players and stakeholders can leverage these changes for strategic advantage, click here.

    The discussion highlighted the following key perspectives:

    EV Policies Driven by Net-Zero Goals: The net-zero emissions targets of Southeast Asian countries are crucial motivators behind EV policies. Most countries are aligning their vehicle electrification efforts with these targets to reduce carbon emissions, addressing both environmental concerns and enhancing long-term energy security.

    Diverse Strategies for EV Development in Southeast Asia: Countries across Southeast Asia are adopting distinct strategies for developing their EV industries, tailored to their unique industry dynamics. For example, Thailand is focusing heavily on offering incentives to attract EV manufacturers, aiming to become a key production hub. Meanwhile, the Philippines is prioritizing demand-side initiatives, with a strong emphasis on advancing electric public transport to drive adoption and build local demand.

    Battery Recycling as a Critical Opportunity: Battery recycling is a key challenge and opportunity across Southeast Asia. As the EV industry expands, governments and companies need to invest in recycling infrastructure to manage environmental risks and ensure sustainable use of resources, especially given the high cost and environmental impact of batteries.

    The Role of Charging Infrastructure and Standards: Standardizing charging protocols like Combined Charging System Type 2 (CCS2) is fast becoming essential for EV adoption and futureproofing in the region. While some countries face challenges related to cost and implementation, aligning on these standards can help streamline EV infrastructure and make charging more accessible across Southeast Asia.

    Human Capital and Local Manufacturing Gaps: There’s a need to develop local expertise in EV-related technologies, including battery R&D, manufacturing, and maintenance. Countries that focus on building these capabilities, alongside fostering local manufacturing ecosystems are better positioned to compete in the global EV space and ensure the sustainability of their industries.

    To know more about the emerging growth opportunities in the evolving EV space and how industry players and stakeholders can leverage these changes for strategic advantage, click here.

    Southeast Asia is on the cusp of becoming a major player in the global EV industry, offering a wealth of opportunities for companies looking to invest in EV infrastructure, battery recycling, and local manufacturing. How is your organization positioning itself to capitalize on these emerging opportunities?

    From investing in charging stations to building local expertise in battery technology, now is the time to align your growth strategies with the evolving demands of the Southeast Asian market.

    “The transition to electric vehicles is more than just about adopting new technology—it’s about creating demand, ensuring local manufacturing competitiveness, and positioning Southeast Asia as a global hub for sustainable mobility.”

    Paulo Mutuc—Associate Director and Growth Expert at Frost & Sullivan

    The post How is your organization positioning itself to stay competitive and drive growth amidst the rapidly evolving electric vehicle space? appeared first on Frost & Sullivan.

    ]]>
    Technological Breakthroughs and Shifting Consumer Preferences Fueling Feature on Demand (FoD) Growth in Passenger Vehicles https://www.frost.com/growth-opportunity-news/technological-breakthroughs-and-shifting-consumer-preferences-fueling-feature-on-demand-fod-growth-in-passenger-vehicles/ Tue, 05 Nov 2024 12:09:22 +0000 https://www.frost.com/?p=22993307 FoD services are reflective of customer demands for enhanced connectivity, personalization, and flexibility, while offering automakers the opportunity to introduce recurring revenue streams.

    The post Technological Breakthroughs and Shifting Consumer Preferences Fueling Feature on Demand (FoD) Growth in Passenger Vehicles appeared first on Frost & Sullivan.

    ]]>
    By Gautham Hegde, Senior Research Analyst – Mobility

    As technological advancements reshape the automotive landscape, consumer preferences for greater connectivity, convenience, personalization, and flexibility are driving significant growth in Feature on Demand (FoD) services. These innovations are revolutionizing the way drivers experience and interact with their vehicles. Through FoD, car owners can now activate features after purchasing their vehicles, paying either through subscriptions or one-time fees. From advanced driver assistance systems (ADAS) to premium infotainment and remote services, the possibilities are expanding at a rapid pace.

    With hardware for many features pre-installed during manufacturing, owners can enable these functions through over-the-air (OTA) updates or at dealerships. As the automotive industry evolves toward greater digitalization, FoD is positioned to become a cornerstone of modern vehicle ownership, offering consumers an unprecedented level of customization.

    Evolving Consumer Demand

    The driving force behind the adoption of FoD is the evolving expectations of tech-savvy customers who prioritize flexibility, personalization, and access over traditional ownership models. With car-sharing and subscription services growing in popularity, FoD offers a solution that allows drivers to choose the features they want and pay only for what they use. This approach reflects a broader industry trend toward software-defined vehicles (SDVs), where manufacturers can introduce new capabilities or update existing ones through OTA services.

    This shift not only appeals to consumers’ desire for a dynamic driving experience but also provides automakers with the opportunity to introduce recurring revenue streams. The traditional one-time sale of premium features is giving way to subscription-based models that encourage ongoing customer engagement and allow manufacturers to update and enhance features throughout a vehicle’s lifecycle.

    FoD adoption has already begun to take hold, with growth accelerating as consumers become more aware of the benefits, such as convenience, customization, and access to advanced functionalities. By 2030, almost every major automaker will offer subscription-based services for their vehicles. As electric vehicles (EVs) and autonomous driving technology become more prevalent, FoD offerings will diversify even further.

    Premium automakers like BMW, Mercedes-Benz, and Tesla have led the way, introducing a wider array of options compared to mass-market manufacturers. However, mass-market brands such as Ford and Volkswagen are quickly catching up, particularly in categories like safety, connectivity, and remote services.

    In 2023, connectivity accounted for the majority of FoD services, but its dominance is expected to decline as other segments, such as comfort and convenience, ADAS, and safety, grow in prominence. This diversification will reflect the growing consumer demand for enhanced vehicle experiences and be enabled by rapid advances in technology.

    To learn more, please access: Passenger Vehicle Feature on Demand (FoD) Market, Global, 2024-2030, Growth Opportunities in the European Passenger Vehicle In-vehicle Display Industry, or contact sathyanarayanak@frost.com for information on a private briefing.

    Regional Trends and OEM Strategies

    Regionally, North America has emerged as a leader in the adoption of FoD services, largely due to fewer regulatory restrictions and a greater willingness among consumers to embrace subscription-based services. By 2030, the region is set to lead in terms of revenue generated from FoD features, accounting for 68.7% of total revenues, with the European Union contributing around 31.0%, and China about 0.3%. At this juncture, North America is projected to generate $3.54 billion in revenue from FoD subscriptions, outpacing both the European Union and China. In contrast, the EU’s more stringent regulations around data privacy and safety will slow the adoption of certain FoD features, although the region will remain a significant player in safety and security features. China, while lagging behind in terms of revenue, is expected to see gradual growth as consumer preferences evolve, particularly with the rise of electric and autonomous vehicles.

    Premium OEMs have been particularly adept at leveraging FoD to enhance customer experiences and generate recurring revenue. Mercedes-Benz, for example, has introduced performance-based FoD services for its EQ electric vehicles, allowing customers to activate features that enhance vehicle performance. Tesla, a pioneer in the field, has taken full advantage of OTA updates, using them not only for software improvements but also as a key customer engagement tool. Tesla’s electric architecture allows the company to update critical systems like ADAS remotely, providing customers with a seamless experience and generating continuous revenue.

    Mass-market OEMs are also beginning to explore the potential of FoD, particularly as they introduce more electric and autonomous models. Companies like Ford and Skoda are integrating ADAS and remote services as part of their FoD offerings. These manufacturers are incorporating advanced technologies such as AI-driven voice assistants and augmented reality navigation, helping to bridge the gap between premium and mass-market vehicles in terms of features and services.

    Our Perspective

    As the FoD market continues to grow, automakers will increasingly rely on subscription models to enhance profitability and offer consumers more flexibility. By 2030, the global FoD market is expected to generate over $5.2 billion in revenue rising sharply from $0.35 billion in 2023, even as automakers explore new growth opportunities within the ecosystem. In parallel, an estimated 125.3 million vehicles (vehicles in operation) in 2030 are set to have FoD, up from 18.3 million in 2023.

    The use of data analytics and AI will allow manufacturers to offer personalized recommendations based on individual driving habits, further enhancing the customer experience. Additionally, flexible subscription models—such as daily or monthly packages—will increasingly be introduced to cater to different consumer needs, offering a “pay-as-you-go” option that appeals to occasional users.

    In-cabin experiences will be another area of focus, as drivers and passengers will spend more time inside their vehicles while charging their EVs or during autonomous driving. This shift is expected to drive demand for premium features like in-car Wi-Fi, advanced climate control, and customizable ambient lighting. By offering these features on a subscription basis, OEMs can create new revenue streams and ensure that customers have access to the latest innovations throughout their vehicle’s lifecycle.

    The convergence of technological advancements and evolving consumer preferences is heralding a new era of automotive innovation, spearheaded by FoD. As automakers continue to innovate, expand their FoD portfolios, and adapt to the increasing prevalence of electric and autonomous vehicles, the future of FoD looks promising.

    With inputs from Amrita Shetty, Senior Manager, Communications & Content – Mobility

     

    The post Technological Breakthroughs and Shifting Consumer Preferences Fueling Feature on Demand (FoD) Growth in Passenger Vehicles appeared first on Frost & Sullivan.

    ]]>
    CHT Security Earns Frost & Sullivan’s 2024 Taiwan Company of the Year Award for Pioneering End-to-End Cybersecurity Solutions and Enhancing Industry Standards https://www.frost.com/news/press-releases/cht-security-earns-frost-sullivans-2024-taiwan-company-of-the-year-award-for-pioneering-end-to-end-cybersecurity-solutions-and-enhancing-industry-standards/ Tue, 05 Nov 2024 05:28:38 +0000 https://www.frost.com/?p=22993300 CHT Security leads Taiwan’s cybersecurity industry with game-changing, AI-driven solutions that streamline incident response times and address a broad spectrum of emerging threats.

    The post CHT Security Earns Frost & Sullivan’s 2024 Taiwan Company of the Year Award for Pioneering End-to-End Cybersecurity Solutions and Enhancing Industry Standards appeared first on Frost & Sullivan.

    ]]>
    San Antonio, TX — 5th October 2024Frost & Sullivan recently researched the cybersecurity services industry and, based on its findings, recognizes CHT Security with the 2024 Taiwan Company of the Year Award. CHT Security is Taiwan’s leading managed security service provider (MSSP), offering superior customer support and innovative AI-powered cybersecurity solutions that seamlessly protect businesses from the latest cyber threats.

    CHT Security efficiently integrates AI and automation capabilities into its operations, dramatically reducing the time required to detect and mitigate cyber threats. Its services span multiple sectors, including critical infrastructure, healthcare, and finance, and its customer base includes over 300 large enterprises and nearly a million consumers. Additionally, the company’s solutions cover all stages of cybersecurity management, from pre-event detection, during-event monitoring and response to post-event digital forensics and recovery. This end-to-end approach, combined with its powerful Security Operations Center (SOC) and Managed Detection and Response (MDR) services, ensures that clients receive proactive and responsive protection tailored to their operational needs.

    CHT Security also invests heavily in cultivating talent to meet the growing demands of the cybersecurity sector. The company encourages professional development by offering extensive training opportunities and helping employees obtain globally recognized certifications. Through collaborations with universities and ongoing internal training programs, CHT Security ensures it has a highly skilled team ready to tackle complex cybersecurity challenges. This strengthens its internal capabilities and enhances its customers’ experience.

    “Frost & Sullivan acknowledges that CHT Security is well-positioned as a client-centric vanguard in Taiwan’s cybersecurity services market by merging its SOC with MDR services, capitalizing on AI and automation, and facilitating real-time incident response (IR) and threat detection. The company’s all-encompassing offerings meet diverse environments’ (including IT and OT) dynamic requirements and agilely respond to evolving cyber threats,” said Iqra Azam, best practices research analyst at Frost & Sullivan.

    CHT Security is steadily growing in the Taiwanese market and offers first-class cybersecurity solutions to over 900,000 households and mobile subscribers, over 40,000 SMEs, and 300 large enterprises and government institutions.

    The company implements a customer-first approach to ensure its solutions align with each client’s specific needs. CHT Security continuously improves its services by conducting tri-annual satisfaction surveys and closely reviewing feedback. This dedication to addressing customer pain points is reflected in its high retention rates, with over 90% of its clients choosing to continue their partnerships. Furthermore, CHT Security assigns dedicated project managers to each client to guarantee personalized service and rapid response times, enhancing its outstanding brand reputation and reliability.

    “Frost & Sullivan opines that CHT Security’s exemplary customer service and steady talent cultivation reinforce its competitive advantage. The company delivers unique benefits and fosters solid stakeholder relationships by leveraging the voice of the customer and investing in skilled professionals,” noted Vivien Pua, senior industry analyst at Frost & Sullivan.

    Each year, Frost & Sullivan presents a Company of the Year award to the organization that demonstrates excellence in terms of growth strategy and implementation in its field. The award recognizes a high degree of innovation with products and technologies, and the resulting leadership in terms of customer value and market penetration.

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

    About CHT Security
    CHT Security (TWSE: 7765) is a specialized cybersecurity subsidiary of Chunghwa Telecom, the largest telco and ISP in Taiwan. Being the leading Managed Security Service Provider (MSSP) in Taiwan, CHT Security delivers comprehensive cyber security services. CHT Security provides telco-centric network security and comprehensive cyber security services to almost every segment, including government, critical infrastructure, finance, manufacturer, healthcare, enterprise and even consumer. For more details, visit our official website.

    Contact:
    Karen Chen
    P: +886-2 23431628 ext. 8048
    E: karenchen@chtsecurity.com

    The post CHT Security Earns Frost & Sullivan’s 2024 Taiwan Company of the Year Award for Pioneering End-to-End Cybersecurity Solutions and Enhancing Industry Standards appeared first on Frost & Sullivan.

    ]]>
    Artificial Intelligence (AI) and Personalization: Innovative Strategies to Boost Your Gaming Revenue https://www.frost.com/growth-opportunity-news/information-communications-technology/metaverse/artificial-intelligence-ai-and-personalization-innovative-strategies-to-boost-your-gaming-revenue-kts-cim-rg/ Tue, 05 Nov 2024 05:15:33 +0000 https://www.frost.com/?p=22993290 The post Artificial Intelligence (AI) and Personalization: Innovative Strategies to Boost Your Gaming Revenue appeared first on Frost & Sullivan.

    ]]>

    Conventional video gaming is undergoing a transformation driven by advancements in AI, mobile gaming, live operations (LiveOps), and data analytics, giving rise to innovative, player-focused revenue strategies. Fueled by these headwinds, the global video gaming industry is projected to soar from $206.6 billion in 2022 to $280.65 billion by 2029, growing at a CAGR of 4.5% for the same period. Consequently, AI-powered recommendation systems and personalized content are paving the way for dynamic pricing and microtransactions, allowing prices for in-game items to vary based on player behavior. Further, predictive analytics combined with customizable features like avatars and storylines are opening up exciting opportunities for in-game promotions and targeted engagement.

    GROWTH OPPORTUNITIES IN THE SPOTLIGHT

    • Advanced Personalization Algorithms: Creating highly customized in-game experiences based on player behaviour/ preferences.
    • Enhanced LiveOps Integration: Utilizing AI for real-time data analysis and automated event management.
    • Predictive Analytics: Using AI to forecast player churn and implement targeted interventions, like personalized incentives and tailored content.

    For detailed growth strategies and expert perspectives, click here.

    Amid this transformation, Frost & Sullivan’s recent Digital Content Services Think Tank delved into the fascinating realm of Emerging Growth Opportunities in AI-Powered Gaming Monetization.

    Here, the following growth experts collaborated to share their views on transformation drivers, challenges, disruptive technologies, and emerging opportunities in the global video gaming industry: Elias Sandler, Co-founder and CEO at Kinoa and Dr. Tiran Rothman, Vice President and Growth Expert, Business & Financial Services at Frost & Sullivan.

    Gain valuable perspectives from these experts by clicking here to access the recorded session of this Think Tank.

    • Understanding the Evolving Video Gaming Ecosystem: The global gaming industry surpassed the $200 billion mark in 2022, overtaking the entire entertainment sector (including big companies like Netflix, Spotify, Comcast, and Sony). Going forward, mobile gaming is poised to account for about 50% of gaming revenues due to its accessibility, while console and PC gaming split the remainder (70% and 30%, respectively). Genres range widely, from hyper-casual, short-session games, downloaded/boxed games, browser games, to hardcore games and AAA games What are the key segments within the video gaming industry and which of these present the most lucrative growth opportunities?
    • Capitalizing on Growth Drivers: Target audiences for the gaming industry include high-value players aged 25+ with disposable incomes and easy access to digital payments on platforms like Google and Apple. Additionally, gaming is expanding as Gen Z and millennials embrace digital experiences and social gaming, with emerging technologies like the metaverse, AI, cloud gaming, and extended reality (XR) promising new virtual gaming possibilities.
    • Harnessing the Potential of AI: AI is revolutionizing the gaming industry by enabling hyper-personalized, real-time gameplay experiences tailored to individual user behaviors. Advanced AI models, deep learning technologies, and generative AI (GenAI) have the potential to analyze playing habits to better predict player actions, optimize engagement, improve segmentation, and enhance player satisfaction through targeted, adaptive content. This fosters deeper immersion and loyalty, ensuring that gaming companies can keep their target audiences coming back Which partnership strategies will help your teams supplement revenue pipelines with AI-driven gaming monetization?
    • Strategies to Monetize Gaming Experiences: The gaming industry employs four primary monetization strategies to generate revenue. The traditional pay-to-play model involves players purchasing individual games upfront. Next come subscription-based models, where players pay a monthly/recurring fee for ongoing content access and exclusive features. Thirdly, in-app monetization and microtransactions are fast gaining prominence, increasing lifetime user value for gaming companies. Lastly, in-game advertisements present players rewards/bonuses in exchange for watching ads or allows companies to feature banners within games.
    • Thwarting Growth Challenges with LiveOps: LiveOps (or live operations) involves managing games in real-time to boost engagement and conversions among non-paying players. By using psychology and personalized offers, gaming companies can create urgency and provide incentives, like exclusive deals, to encourage spending. Additionally, LiveOps helps providers tailor game difficulty, making strategic promotions to ease progression and prevent player frustration How will you identify the right growth strategies and technologies to maximize gaming revenues in your organization?

    In conclusion, as the gaming industry embraces cutting-edge technologies and innovative monetization methods, the potential for growth and player engagement has never been greater. For businesses, the next big opportunity lies in harnessing these advancements to build immersive, profitable gaming experiences that keep players coming back.

    Click here to view the recorded session of this Webinar and unlock new growth opportunities today!

    “Advancements in AI, LiveOps, and data analytics are transforming the gaming sector by driving player-centric monetization through dynamic pricing and microtransactions based on user behavior.” – Dr. Tiran Rothman, Vice President and Growth Expert, Business & Financial Services at Frost & Sullivan.

    Dr. Tiran Rothman

     

    The post Artificial Intelligence (AI) and Personalization: Innovative Strategies to Boost Your Gaming Revenue appeared first on Frost & Sullivan.

    ]]>
    How Can Businesses Leverage Transformative Headwinds in IoT and Edge Technologies to Future-Proof Growth? https://www.frost.com/growth-opportunity-news/information-communications-technology/iot-edge/navigating-iot-challenges-key-strategies-kts-cim-rg/ Mon, 04 Nov 2024 11:33:19 +0000 https://www.frost.com/?p=22993275 The post How Can Businesses Leverage Transformative Headwinds in IoT and Edge Technologies to Future-Proof Growth? appeared first on Frost & Sullivan.

    ]]>

    With over 41 million active Internet of Things (IoT) devices across the globe, rapid advancements in disruptive technologies and new business models are pushing technology providers to adapt their connectivity strategies. Moreover, this growing web of smart devices and systems is evolving constantly with new advancements in electronics miniaturization, cloud computing, and data analytics. Now, challenges like optimizing subscriber identity module (SIM) logistics, cybersecurity, network costs, 5G mobile private networks, power consumption, and battery lives hamper growth within the IoT ecosystem.

    Amid this revolution, Frost & Sullivan’s recent IoT and Edge Technologies Think Tank delved into the fascinating realm of Top 10 Strategic Imperatives in IoT and Edge.

    TOP 5 GROWTH OPPORTUNITIES REVOLUTIONIZING IOT

    • Embedded SIMs (eSIMs) and integrated SIMs (iSIMs)
    • Artificial intelligence (AI) management in IoT technology solutions
    • Cybersecurity in IoT devices
    • Cloud-native IoT platforms
    • Low power wide area networks (LPWANs) and non-terrestrial networks (NTNs) technologies

    For detailed growth strategies and expert perspectives, click here.

    Here, the following growth experts collaborated to share their views on transformation drivers, challenges, disruptive technologies, and emerging opportunities in the global IoT ecosystem: Renato Pasquini, Growth Expert, Vice President, and Global Program Leader, IoT and Edge at Frost & Sullivan and Cecilia Pérez, Growth Expert and Senior Research Analyst at Frost & Sullivan

    Gain valuable perspectives from these experts by clicking here to access the recorded session of this Think Tank.

    • Simplifying SIM Card Logistics: The logistics of SIM card management in IoT are increasingly complex, as intelligent devices require seamless global connectivity and the ability to switch easily between network profiles. eSIM and iSIM solutions address these challenges by enabling remote provisioning, reducing dependency on physical SIM cards, and allowing multiple profiles, thereby streamlining connectivity for IoT applications.

    Companies to Action in eSIM and iSIM technologies Thales (Instant Connect), Kigen, and Onomondo (softSIM technology).

    • Building AI-Ready IoT Systems: Many IoT projects lack comprehensive AI and data management. This restricts the ability of enterprises to effectively automate workflows. As a result, IoT companies feel the pressure to keep pace with new developments in generative AI (GenAI) and edge AI for processing sensitive data, minimizing network congestion, decreasing the risk of data breaches, and enhancing customer service.

    Companies to Action delivering AI-first IoT solutions Amazon (Rufus, Alexa, and Amazon Pharmacy) and Microsoft (Azure OpenAI Services).

    • Integrating Advanced Security Frameworks: IoT security is essential for safeguarding devices and critical infrastructure against cyberattacks, as cybersecurity becomes politically contentious. Now, Frost & Sullivan finds that with ever expanding IoT networks, 36% of organizations use IoT security hardware, while 33% implement security software that focuses on data protection, access control, and intrusion prevention.

    Companies to Action enhancing cybersecurity in IoT devices AT&T (managed cybersecurity services), Microsoft (Azure Sphere), and HPE Aruba Networking (AI-powered networking security).

    • Enabling Smart IoT Visualizations: Cloud-native IoT platforms are well poised to help businesses address challenges in technology integration, complexity, and infrastructure/application visibility. These platforms aid regulatory compliance, streamline cellular technology integration, and provide real-time dashboards for data-driven decision-making.

    Companies to Action developing enhanced IoT managed connectivity platforms 1NCE, Telit Cinterion (OneEdge), and Emnify (IoT SuperNetwork SatPlus).

    • Optimizing IoT Networks and Device Connectivity: LPWAN technologies are fostering innovative business models like network-as-a-service (NaaS) and platform-as-a-service (PaaS), helping providers reduce network expansion costs. Now, strategies include crowdsourcing, open-source collaboration, asset leasing, and hybrid terrestrial and non-terrestrial networks are well positioned to future-proof provider growth.

    Companies to Action minimizing IoT network costs EchoStar Mobile, Everynet, and UnaBiz.

    To know more about strategic imperatives, companies to action, and emerging growth opportunities in IoT and Edge technologies, click here.

    “The IoT and Edge industry is facing challenges like the lack of AI in IoT systems, cyberattacks, and complexity in technology integration. To thrive, industry players must collaborate across sectors, innovating value propositions, business models, and creative solutions to unlock new opportunities.” – Renato Pasquini, Growth Expert, Vice President, and Global Program Leader, IoT and Edge at Frost & Sullivan.

     

    Renato-Pasquini-Frost-Sullivan

     
     
     
     

    The post How Can Businesses Leverage Transformative Headwinds in IoT and Edge Technologies to Future-Proof Growth? appeared first on Frost & Sullivan.

    ]]>
    Charting New Waters: The Disruptive Technologies Shaping US Naval Operations https://www.frost.com/growth-opportunity-news/aerospace-defense/defense-industry/charting-new-waters-the-disruptive-technologies-shaping-us-naval-operations-cim-ps/ Mon, 04 Nov 2024 08:32:32 +0000 https://www.frost.com/?p=22993272 As geopolitical tensions escalate globally, the US Navy’s traditional fleet upkeep is facing immense challenges. Shipyards, bogged down by outdated processes and dwindling resources, are in a race against time. But artificial intelligence (AI), Internet of Things (IoT), and machine learning (ML) are transforming naval maintenance from sluggish routine to rapid upgradation. Technology giants and […]

    The post Charting New Waters: The Disruptive Technologies Shaping US Naval Operations appeared first on Frost & Sullivan.

    ]]>
    As geopolitical tensions escalate globally, the US Navy’s traditional fleet upkeep is facing immense challenges. Shipyards, bogged down by outdated processes and dwindling resources, are in a race against time. But artificial intelligence (AI), Internet of Things (IoT), and machine learning (ML) are transforming naval maintenance from sluggish routine to rapid upgradation. Technology giants and defense innovators are joining forces, setting the stage for US Navy operations that could redefine control of the world’s oceans.

    Frost & Sullivan’s latest defense webinar explored the topic – “Disruptive Innovation in US Naval Maintenance, Repair, and Overhaul (MRO) Services”. Led by our growth expert, Shreya Khakurel, it examined how disruptive technologies are transforming US Navy ships MRO services, enhancing operational efficiency, reducing maintenance delays, and driving defense innovations.

    Missed the Webinar? Click here to watch the recorded session and gain valuable perspectives.

    What were the key strategic imperatives discussed during the webinar?

    Enhancing Naval Readiness Through Global MRO Alliances
    Amid rising maritime insecurities, the United States is strengthening US Navy operations by deploying forces in critical regions and conducting naval maintenance with allies like South Korea, India, and Japan. This approach could minimize vessel downtime, reduce domestic bottlenecks, and boost rapid response in volatile maritime zones, critical for US Navy ships patrolling strategic international waters.

    Embracing Digital Innovation in Naval MRO
    The Integration of AI, ML, IoT, and additive manufacturing in naval MRO operations is enabling predictive US Navy ships’ maintenance and on-demand support for vessels, resulting in a resilient supply chain. This digital transformation is elevating fleet sustainment and readiness, ensuring robust US defense against emerging global threats.

    Accelerating Collaborative Innovation for Cost-Effective Solutions
    Innovation in MRO is accelerating as partnerships flourish between academia, government, and commercial sectors. The best examples of these partnerships are how leading aerospace and defense manufacturer Huntington Ingalls Industries is collaborating with technology firms, and how the US Defense Advanced Research Projects Agency (DARPA) collaborates with universities. These alliances are addressing maintenance bottlenecks and advancing cost-effective MRO solutions to streamline US Navy operations.

    Get more in-depth perspectives on growth opportunities and strategic imperatives. Watch the recorded session by clicking here!

    Schedule a growth dialog with our experts to explore top opportunities in the defense industry.

    The post Charting New Waters: The Disruptive Technologies Shaping US Naval Operations appeared first on Frost & Sullivan.

    ]]>
    Software-Defined Vehicles (SDVs): The Road Ahead for Asian OEMs https://www.frost.com/growth-opportunity-news/mobility-automotive-transportation/digital-software/software-defined-vehicles-sdvs-the-road-ahead-for-asian-oems/ Mon, 04 Nov 2024 06:03:32 +0000 https://www.frost.com/?p=22993269 Leading Asian automakers like BYD, Nio, Toyota, Honda, and Hyundai look to partnerships, platforms, and new business models to align with evolving software-driven automotive industry. The concept of software-defined vehicles (SDVs) has gained considerable traction in the automotive industry, fundamentally reshaping how vehicles are designed and developed. Unlike traditional platform-based approaches, SDVs rely heavily on […]

    The post Software-Defined Vehicles (SDVs): The Road Ahead for Asian OEMs appeared first on Frost & Sullivan.

    ]]>
    Leading Asian automakers like BYD, Nio, Toyota, Honda, and Hyundai look to partnerships, platforms, and new business models to align with evolving software-driven automotive industry.

    The concept of software-defined vehicles (SDVs) has gained considerable traction in the automotive industry, fundamentally reshaping how vehicles are designed and developed. Unlike traditional platform-based approaches, SDVs rely heavily on software to control the vehicle’s systems, features, and updates, enabling rapid advancements in autonomous driving, in-vehicle connectivity, and more. As SDV strategies evolve, automotive original equipment manufacturers (OEMs) are shifting their architectural and developmental approaches. This transformation has led to the emergence of new ecosystems, with Asian OEMs taking center stage, though they have tended to be “followers” rather than pioneers in this field.

    To learn more, please access: Benchmarking Asian OEMs Software-defined Vehicle Strategies, 2024, Benchmarking of European OEM Software-defined Vehicle Strategies, 2024, Benchmarking of North American OEM Software-defined Vehicle Strategies, 2024, and Passenger Vehicle Feature on Demand (FoD) Market, Global, 2024-2030, or contact sathyanarayanak@frost.com for information on a private briefing.

    A Cautious Approach
    Asian OEMs, such as BYD, Toyota, Hyundai, Nio, and Honda, typically adopt a cautious approach to innovation, positioning themselves as “followers.” These manufacturers invest in internal development while selectively partnering with external suppliers to manage risk and enhance their technological capabilities. Their strategy involves in-house development for core systems, supplemented by collaborations where expertise is lacking. This blend allows them to gradually introduce new SDV technologies without taking the same risks as early innovators.

    That said, hardware and software strategies are rapidly transforming to accommodate the transition towards SDVs. Chinese automaker BYD introduced its e3.0 domain controller platform in 2024, setting the stage for a shift towards a more centralized/zonal architecture with its next-generation e4.0 platform. By 2030, BYD aims to handle most of its development in-house, although the company currently relies heavily on suppliers. Chinese OEM Nio is working on a centralized electrical/electronic (E/E) architecture, with a clear focus on in-house development for most of its vehicle systems. The next generation of Nio vehicles will feature this new architecture, giving the company greater flexibility and control over its product evolution.

    Japanese automakers are also realigning their SDV development and deployment strategies. Toyota is advancing towards a centralized/zonal architecture with its upcoming battery electric vehicle (BEV) platform, expected to launch between 2025 and 2026. The company is known for its predominantly in-house development approach but leverages key suppliers to address areas where it lacks specific expertise.  Meanwhile, Honda plans to roll out its fully domain-based architecture by 2026, specifically for its electric vehicle (EV) models. The company balances in-house development with strategic supplier partnerships, ensuring it maintains control over core competencies while leveraging external expertise where needed.

    Honda’s SDV journey revolves around its eM platform, which adopts a zonal architecture. The platform is expected to be deployed in 2025. Like Honda, Hyundai relies on in-house development alongside close collaborations with its affiliated companies within the Hyundai Group.

    Software Development Strategies Across Asia’s OEMs
    Each Asia OEM’s approach to software development varies, reflecting differences in their business models, R&D capacities, and financial strategies.

    BYD is actively developing its software capabilities in-house, though it still depends on suppliers for certain areas. The company collaborates with other BYD Group subsidiaries to cover gaps in expertise. Nio emphasizes in-house software development, with full control over major systems like autonomous driving (AD), the digital cockpit, and intelligent chassis. While Nio does engage external partners for non-core areas, it aims to minimize dependency on outside solutions.

    Toyota is using its in-house Woven platform to drive its SDV ambitions, while CARIAD, a partner in software development, plays a role in certain areas. Toyota also taps into its network of suppliers to address any software gaps. Honda’s strategy focuses on a partnership-driven approach, with core development handled internally. Honda aims to expand its network of collaborators to strengthen its SDV portfolio.

    Hyundai adopts a consortium-based model, where in-house teams lead development efforts but partner with other companies for specific software solutions. The goal is to standardize SDV development through these collaborations.

    Building the SDV Ecosystem
    A robust ecosystem is essential for SDV development, and OEMs are forging strategic partnerships to enhance their capabilities.

    In this context, BYD has established an intelligent driving research division, enhancing its in-house capabilities. The company is also partnering with industry giants like NVIDIA and Qualcomm for advanced software and chip development, though it continues to rely on external collaborations for complex software functions. Nio’s approach emphasizes control over critical SDV technologies, with in-house teams managing major systems. The company collaborates with Tier I suppliers for non-core functions, such as drive-by-wire systems, but aims to reduce this reliance over time.

    Toyota focuses on developing key SDV components like E/E architecture and operating systems (OS) in-house, while using suppliers for specialized expertise. Toyota Arene and Woven, its two-pronged software platform, form the foundation of its SDV strategy. Honda has committed $12.66 billion to develop software-defined mobility. This investment will accelerate its in-house capabilities, particularly for powertrain and infotainment systems, while forming partnerships in areas like next-gen E/E architecture, electrified powertrains, and ADAS.

    Under its “Unlock the Software Age” initiative, Hyundai is preparing for a full SDV transition by 2025. The company relies on a consortium of 19 affiliated companies to support hardware and software development, aiming to create an open development ecosystem.

    Our Perspective
    The rise of SDVs marks a shift from hardware-focused to software-centric business models in the automotive industry. Automakers, suppliers, and technology providers must collaborate to develop vehicles with software-oriented architectures. Partnerships, particularly with start-ups and non-traditional automotive players, will be key to driving innovation in this space. As SDVs become more common, cloud-based architectures will offer new revenue streams, particularly through over-the-air (OTA) updates and foreign object damage solutions.

    By consolidating functions in high-performance computing (HPC) systems and enhancing cybersecurity measures, OEMs can better manage the complexity of SDVs. Collaboration among regulatory authorities, telecom operators, and security companies will be essential to developing secure vehicle-to-everything (V2X) communication systems.

    The future of SDVs also presents opportunities for cloud computing providers, particularly in functional virtualization. OEMs will increasingly need cloud infrastructure support as they shift to software-based models, opening up avenues for growth across the supply chain.

    With inputs from Amrita Shetty, Senior Manager, Communications & Content – Mobility

    The post Software-Defined Vehicles (SDVs): The Road Ahead for Asian OEMs appeared first on Frost & Sullivan.

    ]]>
    Is Your Organization Benchmarking Leading Manufacturing execution system Companies to Gain a Competitive Edge? https://www.frost.com/growth-opportunity-news/industrial/industrial-automation-process-control/benchmarking-leading-mes-companies-for-growth-cim-ps/ Mon, 04 Nov 2024 05:16:03 +0000 https://www.frost.com/?p=22993266 Proactive companies are aggressively implementing cutting-edge technologies like artificial intelligence (AI) and the Industrial Internet of Things (IIoT) to optimize their operations and achieve competitive growth. Manufacturing execution system (MES), a software designed to optimize manufacturing processes, is proving to be crucial in this digital transformation, providing real-time data and process control. Industry players are rapidly developing […]

    The post Is Your Organization Benchmarking Leading Manufacturing execution system Companies to Gain a Competitive Edge? appeared first on Frost & Sullivan.

    ]]>
    Proactive companies are aggressively implementing cutting-edge technologies like artificial intelligence (AI) and the Industrial Internet of Things (IIoT) to optimize their operations and achieve competitive growth. Manufacturing execution system (MES), a software designed to optimize manufacturing processes, is proving to be crucial in this digital transformation, providing real-time data and process control. Industry players are rapidly developing solutions that are seamlessly integrating AI, industrial IoT, and MES to deliver tangible business value and stay ahead of the curve.

    Frost & Sullivan has recognized 14 companies that have demonstrated exceptional growth and are pioneering innovations in the field of MES. Download the Frost Radar now for a comprehensive analysis of these companies’ profiles, including details on their competitive standing, best practices, innovative approaches, and growth strategies.

    Companies in Focus on the Frost Radar™

    Frost & Sullivan evaluated numerous MES companies and identified the top 14 companies demonstrating exceptional growth potential and innovative capabilities. Companies on the Frost Radar™ are Critical Manufacturing MES, AVEVA Group PLC, Tulip, Siemens, SymphonyAI, Rockwell Automation, Dassault Systèmes, iTAC Software AG, GE Vernova, Aegis Software, SAP, ABB, Emerson, and Honeywell.

    Download the Frost Radar for a comprehensive analysis of these companies’ profiles, including details on their competitive standing, best practices, innovative approaches, and growth strategies.

    Download the Frost Radar NOW!

    The post Is Your Organization Benchmarking Leading Manufacturing execution system Companies to Gain a Competitive Edge? appeared first on Frost & Sullivan.

    ]]>
    Frost & Sullivan Awards Ansell Global Company of the Year for Revolutionizing Workplace Safety & Promoting Sustainability in the Global Hospital Supplies Industry https://www.frost.com/awards/frost-sullivan-awards-ansell-global-company-of-the-year-for-revolutionizing-workplace-safety-promoting-sustainability-in-the-global-hospital-supplies-industry/ Wed, 30 Oct 2024 17:23:07 +0000 https://www.frost.com/?p=22992772 Medical gloves are one of the most common and essential hospital supplies utilized for protection in the healthcare industry. Medical gloves, such as examination and surgical gloves, are critical to clinicians’ and patients’ protection and must meet certain quality standards and regulatory requirements. Major challenges with medical gloves are hypersensitivity and skin allergies that result […]

    The post Frost & Sullivan Awards Ansell Global Company of the Year for Revolutionizing Workplace Safety & Promoting Sustainability in the Global Hospital Supplies Industry appeared first on Frost & Sullivan.

    ]]>

    Medical gloves are one of the most common and essential hospital supplies utilized for protection in the healthcare industry. Medical gloves, such as examination and surgical gloves, are critical to clinicians’ and patients’ protection and must meet certain quality standards and regulatory requirements. Major challenges with medical gloves are hypersensitivity and skin allergies that result in symptoms such as itching, hives, wheezing, and anaphylaxis within hours of use. Moreover, surgical gloves must have attributes such as dexterity and tactility to enable surgeons to perform delicate tasks, reduce hand fatigue, and not impede hand movements while being durable enough to prevent tears. Another key consideration is promoting sustainability—reducing the environmental impact of single-use hospital supplies like medical gloves is essential. Ansell’s solutions address these challenges and are revolutionizing workplace safety.

    Ansell is a leading hospital protective equipment partner that serves more than 100 countries via its 24 warehouses, 18 R&D centers, 15 manufacturing facilities, and more than 14,000 employees.

    Ansell has retained its leadership position over the years with advanced technological innovations and customer prioritization, making Ansell a preferred partner in the hospital supplies industry. Ansell’s understanding of customer experiences is acquired through its patented Worker Experience Innovation (WEI) platform, which helps it develop customer-centric solutions and products.

    Ansell’s emphasis on strategic product development to solve industry challenges and offer sustainable solutions is commendable. For example, Ansell’s PI-KARE Technology eliminates the need for standard chemical accelerators in many gloves that may cause allergic contact dermatitis. This enables Ansell to offer the world’s first full range of US FDA-510(k) approved skin-friendly, non-sensitizing polyisoprene (PI) gloves.

    Ansell also offers Ergoform design technology, which reduces musculoskeletal strain that can cause musculoskeletal injuries. Ergoform design technology improves performance by reducing muscle effort by at least 20% compared to ordinary gloves.

    Ansell’s Glove-in Glove system is the world’s first pre-donned double-gloving system. With this system, the outer and inner glove are pre-donned and aligned with fingers, enabling quick double gloving. The inner and outer gloves are packed in one poly-pouch and inner wrapper, reducing packaging waste by 50%.

    Ansell’s SMART Pack packaging for surgical gloves also has the highest recyclability certification, a AAA rating by Institut Cyclos-HTP (CHI). It enables 21% less material carbon dioxide emission; 51% less in paper, cardboard, and plastic weight; and uses 70% and 90% recycled materials to produce cartons and dispensers, respectively.

    Ansell is committed to a sustainable future and is dedicated to several environmental and sustainability initiatives. One example is its Ansell Earth platform, which introduces science-based claims structured across five product life cycle areas: Material, Manufacturing, Packaging, Use, and End of Use.

    Ansell prioritizes customer service by offering a seamless transition to its products through four phases: the AnsellCARES platform for multifaceted professional education programs, the HealthStream eLearning program, and Partners in Protection webinar series. The company also offers on-site consultative services for safety assessment and multimedia resources for safety promotion.

    Ansell has shown a strong commitment to “We go beyond” by focusing on strategic product development, customer service, and sustainability promotion, thereby revolutionizing workplace safety.

    Frost & Sullivan recognized Ansell’s contribution to the healthcare supplies industry and presented it with the prestigious Frost & Sullivan 2024 Global Company of the Year Award for revolutionizing workplace safety and promoting sustainability. Frost & Sullivan’s Best Practices Awards recognize companies across regional and global markets for demonstrating outstanding achievement and superior performance in leadership, technological innovation, customer service, and strategic product development. The rigorous selection process involves a detailed evaluation of best practices criteria benchmarked against industry standards. Ansell was successful across several categories, including addressing unmet needs, visionary scenarios through megatrends, best practice implementation, customer purchase experience, customer ownership experience, and customer service experience.

    The post Frost & Sullivan Awards Ansell Global Company of the Year for Revolutionizing Workplace Safety & Promoting Sustainability in the Global Hospital Supplies Industry appeared first on Frost & Sullivan.

    ]]>
    RapidAI Applauded by Frost & Sullivan for Enhancing the Quality, Accuracy, and Speed of Stroke Imaging Diagnostics and Treatment, Demonstrating Its Market-leading Position https://www.frost.com/news/press-releases/rapidai-applauded-by-frost-sullivan-for-enhancing-the-quality-accuracy-and-speed-of-stroke-imaging-diagnostics-and-treatment-demonstrating-its-market-leading-position/ Wed, 30 Oct 2024 15:00:38 +0000 https://www.frost.com/?p=22993017 RapidAI’s leadership is evident in its expansive global presence, pioneering regulatory achievements, and continuous innovation, ensuring the company remains at the forefront of AI-based imaging solutions

    The post RapidAI Applauded by Frost & Sullivan for Enhancing the Quality, Accuracy, and Speed of Stroke Imaging Diagnostics and Treatment, Demonstrating Its Market-leading Position appeared first on Frost & Sullivan.

    ]]>
    RapidAI Award LogoSAN ANTONIO, TX. – October 30, 2024 – Recently Frost & Sullivan researched the AI-based stroke imaging solutions industry and, based on its findings, recognizes RapidAI with the 2024 Company of the Year Award. The company pioneers first-to-market solutions and continuously enhances operational efficiencies and patient outcomes, establishing itself as a leader in the AI-based stroke imaging solutions market. It offers exceptional value by providing a comprehensive suite of AI solutions that span the entire stroke care continuum, from initial diagnosis to interventional procedures. These solutions integrate seamlessly into existing hospital workflows and enhance overall productivity through superior performance and cost-efficiency across the stroke care spectrum. RapidAI’s advanced imaging and workflow solutions enable physicians to make faster, more accurate triage, transfer, and treatment decisions. The company provides the most widely used advanced cerebrovascular imaging products for patient care, research, and clinical trials.

    RapidAI offers an end-to-end portfolio of stroke imaging and assessment products for hospitals of all sizes. The Rapid platform leverages AI to generate high-quality, advanced images from non-contrast CT, CT angiography, CT perfusion, and magnetic resonance imaging diffusion and perfusion scans. This capability significantly enhances the speed and accuracy of time-critical triage or transfer decisions, leading to better patient outcomes. The company’s diagnostic tool for large vessel occlusion using non-contrast CT significantly reduces transfer or diagnostic times, while AngioFlow avoids redundant imaging, further cutting down on delays. This emphasis on reducing time at multiple stages of stroke care is crucial, given that every two minutes of delay can destroy over four million neurons during a stroke. RapidAI’s vision to improve stroke and other cerebrovascular conditions through AI and medical imaging innovations has brought measurable improvements to patient care globally. By empowering clinicians with proven, data-driven technology, the company enables faster and more accurate diagnostic and treatment decisions for stroke, cerebral hemorrhage, aneurysm, and pulmonary embolism patients. Through its commitment to innovation, scalability, and customization, RapidAI shapes the future of neurovascular  imaging, making a significant impact on global healthcare.

    Rabin Dhakal, best practices research analyst for Frost & Sullivan, observed, “Unlike many imaging AI solutions that primarily focus on triage and often result in false positives, the company has developed algorithms with high sensitivity and specificity, significantly reducing false positives and physician frustration. Its technology goes beyond simple alerts; it offers deep clinical AI that enhances physician decision-making through precise localization, visualization, characterization, and tracking over time.”

    One of RapidAI’s largest differentiators is its clinical rigor. The company’s landmark clinical trials drove critical changes in stroke treatment guidelines, moving the treatment window from 6 hours to 24. Beyond its commitment to patient-centered clinical excellence, the company’s exceptional customer service, involving accessible, expert support and comprehensive training, sets a high standard for customer satisfaction and operational excellence in the healthcare industry. Surpassing 14 million scans, featuring in over 400 peer-reviewed publications, and being utilized in over 25 clinical trials, RapidAI has solidified its leadership with a significant global presence, serving thousands of hospitals in more than 100 countries. RapidAI’s dedication to advancing care across the neuroscience suite through innovative AI solutions and comprehensive patient management fosters high brand loyalty among healthcare providers, establishing the company as a trusted and indispensable partner in delivering equitable, high-quality care worldwide.

    “RapidAI minimizes unnecessary patient transfers and enables care in local environments to foster better patient outcomes and maintain family support, reinforcing its reputation for patient-centric innovation. Its comprehensive artificial intelligence portfolio supports a wide range of healthcare professionals, highlighting its cost-effectiveness and robust performance and solidifying its brand equity and high customer loyalty,” added Ashish Kaul, industry analyst at Frost & Sullivan.

    The post RapidAI Applauded by Frost & Sullivan for Enhancing the Quality, Accuracy, and Speed of Stroke Imaging Diagnostics and Treatment, Demonstrating Its Market-leading Position appeared first on Frost & Sullivan.

    ]]>
    Revealed: Best Practices to Maximize Growth in the Unmanned Underwater Vehicles Industry https://www.frost.com/growth-opportunity-news/aerospace-defense/unmanned-systems/maximize-growth-in-the-unmanned-underwater-vehicle-industry-cim-ps/ Wed, 30 Oct 2024 12:58:12 +0000 https://www.frost.com/?p=22993160 Are you ready to harness the growth potential of the Unmanned Underwater Vehicles (UUVs) industry? Leading companies in this thriving ecosystem are increasingly adopting artificial intelligence (AI) and machine learning (ML) to elevate the self-operating capabilities of UUVs. Significant investments are transforming these remote-operated vessels into fully autonomous systems, a shift driven by growing concerns […]

    The post Revealed: Best Practices to Maximize Growth in the Unmanned Underwater Vehicles Industry appeared first on Frost & Sullivan.

    ]]>
    Are you ready to harness the growth potential of the Unmanned Underwater Vehicles (UUVs) industry?

    Leading companies in this thriving ecosystem are increasingly adopting artificial intelligence (AI) and machine learning (ML) to elevate the self-operating capabilities of UUVs. Significant investments are transforming these remote-operated vessels into fully autonomous systems, a shift driven by growing concerns over maritime security and cross-border challenges. As a result, UUVs are becoming indispensable in the global defense industry, allowing for effective exploration, surveillance, mine countermeasures, and anti-submarine warfare.

    Explore top growth opportunities, innovative business models, disruptive technologies, and transforming megatrends shaping this dynamic domain. Access Frost & Sullivan’s growth analysis and start your transformative journey today!

    CLICK HERE to download the full report!

    Find answers to questions like:

    • How can you leverage disruptive technologies to secure a competitive edge in the UUV industry?
    • What industry best practices and growth strategies will ensure your long-term success?

    The post Revealed: Best Practices to Maximize Growth in the Unmanned Underwater Vehicles Industry appeared first on Frost & Sullivan.

    ]]>
    Exclusive Growth Opportunities Driving the Future of Fluid Power Industry https://www.frost.com/growth-opportunity-news/industrial/machines/exclusive-growth-opportunities-driving-the-future-of-fluid-power-industry-cim-ps/ Wed, 30 Oct 2024 12:53:22 +0000 https://www.frost.com/?p=22993157 How is your organization leveraging disruptive technologies to enhance its fluid power products? The global fluid equipment ecosystem is experiencing a remarkable transformation. Companies are embracing disruptive technologies like Internet of Things (IoT) and artificial intelligence (AI) to revolutionize production and maintenance. In fact, the complete value chain is evolving — manufacturers are developing smarter, […]

    The post Exclusive Growth Opportunities Driving the Future of Fluid Power Industry appeared first on Frost & Sullivan.

    ]]>
    How is your organization leveraging disruptive technologies to enhance its fluid power products?

    The global fluid equipment ecosystem is experiencing a remarkable transformation. Companies are embracing disruptive technologies like Internet of Things (IoT) and artificial intelligence (AI) to revolutionize production and maintenance. In fact, the complete value chain is evolving — manufacturers are developing smarter, more efficient systems; suppliers are adapting to meet the demand for advanced materials; and end-users are getting enhanced performance and reliability. This shift is driving innovation, fostering collaboration, and creating new growth opportunities across the ecosystem.

    Explore lucrative avenues, innovative business models, disruptive technologies, and transformative megatrends shaping the power fluid equipment industry. To get started, access Frost & Sullivan’s comprehensive growth analysis today!

    Download the full growth perspective

    You will find answers to questions like:

    • How can your organization harness megatrends like sustainability and automation to stay ahead of the competition?
    • Which innovative business models will enable your team to seize new opportunities?

    The post Exclusive Growth Opportunities Driving the Future of Fluid Power Industry appeared first on Frost & Sullivan.

    ]]>
    How Is Increased US Defense Spending Unlocking Innovation and Growth? https://www.frost.com/growth-opportunity-news/how-is-increased-us-defense-spending-unlocking-innovation-and-growth-cim-ps/ Wed, 30 Oct 2024 12:44:53 +0000 https://www.frost.com/?p=22993153 Is your organization ready to seize growth opportunities arising from the Surge in US defense budgets? Global defense spending is skyrocketing as geopolitical tensions flare and national security concerns mount, setting the stage for a dramatic shift in the United States’ defense landscape. The Department of Defense (DoD) and Defense Information Systems Agency (DISA) are […]

    The post How Is Increased US Defense Spending Unlocking Innovation and Growth? appeared first on Frost & Sullivan.

    ]]>
    Is your organization ready to seize growth opportunities arising from the Surge in US defense budgets?

    Global defense spending is skyrocketing as geopolitical tensions flare and national security concerns mount, setting the stage for a dramatic shift in the United States’ defense landscape. The Department of Defense (DoD) and Defense Information Systems Agency (DISA) are funneling funds into disruptive technologies, like artificial intelligence (AI), while forging strategic alliances with commercial players to fuel the next wave of defense transformation. This infusion of funds is opening major growth opportunities for both emerging and established defense giants.

    Explore lucrative avenues, innovative business models, disruptive technologies, and transforming megatrends shaping this shifting defense ecosystem. To get started, access Frost & Sullivan’s comprehensive growth analysis today!

    Find out the detailed analysis of the Defense Budget by our experts. CLICK HERE

    CLICK HERE to get the in-depth analysis of the US Defense Information Systems Agency Budget

    Find answers to questions like:

    • How can you leverage the substantial increase in US defense budgets to achieve sustained growth?
    • How can your organization navigate the competitive defense landscape amidst rising US defense spendings?
    • What best practices are defense firms adopting to align with the latest US defense spending priorities?

    The post How Is Increased US Defense Spending Unlocking Innovation and Growth? appeared first on Frost & Sullivan.

    ]]>
    Amway Applauded by Frost & Sullivan for Its Industry-leading Home Water Treatment Solutions and Competitive Strategies https://www.frost.com/news/press-releases/amway-applauded-by-frost-sullivan-for-its-industry-leading-home-water-treatment-solutions-and-competitive-strategies/ Wed, 30 Oct 2024 07:05:12 +0000 https://www.frost.com/?p=22993100 Amway leverages its expertise and maintains an excellent standing among users in residential, retail and other segments, outpacing competitors in the APAC home water treatment market.

    The post Amway Applauded by Frost & Sullivan for Its Industry-leading Home Water Treatment Solutions and Competitive Strategies appeared first on Frost & Sullivan.

    ]]>
    SAN ANTONIO, TX. – 30th October 2024 – Recently, Frost & Sullivan assessed the home water treatment industry and, based on its findings, recognises Amway with the 2023 Asia-Pacific (APAC) Competitive Strategy Leadership Award. The company provides industry-leading home water treatment solutions that effectively reduce or destroy numerous waterborne contaminants while also consuming less energy.

    As a result, these products help clients achieve clean and safe drinking water for their families and friends. Amway provides industry-leading solutions and unmatched customer support and has excellent potential to capture market share due to its innovative new home water treatment solution.

    The new eSpringä Water Purifier leverages the latest ultraviolet-c light-emitting diodes (UV-C LED) technology to achieve a new level of efficiency, reliability and sustainability. This industry-leading new product effectively reduces toxic substances and water pollutants that may be in drinking water, while retaining beneficial minerals. The New eSpring’s compact design makes it adaptable in any kitchen environment, above or below the counter. Users can also monitor their unit’s performance and filter status in real time via the new Amway Healthy Home app and their smartphone.

    Amway is the first company to have a water treatment system with UV-C LED technology certified by NSF to International Standard 55 for Class B microbial reduction, along with Standards 42, 53 and 401 – all internationally recognised water quality standards.

    Janice Wung, program manager for Energy & Environment at Frost & Sullivan, observed, “Amway’s solution combines cutting-edge UV-C LED technology and a three-layer e3 Carbon Filter so it has the ability to effectively reduce over 170 contaminants, including viruses, bacteria, microplastics, perfluorooctanoic acid and perfluorooctane sulfonate (PFAS and PFOS). The UV-C LEDs are designed to last up to a decade, so there is no need for an annual UV lamp disposal. The New eSpring also uses 25% less energy than the company’s previous models.”

    Amway developed various financing programmes and improved purchasing options, making its products more accessible to the region’s general public. Amway focuses on constant innovation, with over 1,150 patents for various products and over 75 scientific laboratories worldwide. Simultaneously, it continuously invests in advancing its home water technologies to aid in producing healthier home water treatment products more effectively. It offers crucial resources (case studies, newsletters, white papers and critical consumer data) to help clients gain current information (benefits and features) about its home water treatment solutions.

    “Amway understands the essence of innovation opportunities and a competitive strategy and leads the market with its focused home water treatment strategy, helping outpace competitors. It offers an industry-leading home water treatment portfolio that places clients at the heart of its mission,” added Maksym Beznosiuk, best practices research analyst at Frost & Sullivan.

    With its exceptional overall performance, Amway earns Frost & Sullivan’s 2023 Asia-Pacific Competitive Strategy Leadership Award in the home water treatment industry.

    Each year, Frost & Sullivan presents this award to the company that has leveraged competitive intelligence to successfully execute a strategy that results in stronger market share, competitive brand positioning and customer satisfaction.

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

    About Amway
    Amway is an entrepreneur-led health and wellness company based in Ada, Michigan, U.S.A. It is committed to helping people live better, healthier lives – across more than 100 markets worldwide. According to Forbes magazine, Amway is among the Top 50 privately held, family-owned companies in the United States. Top-selling brands for Amway are Nutrilite™, ARTISTRY™ and XS™ – all sold exclusively by entrepreneurs who are known as Amway Business Owners. Amway is the No. 1 direct selling business in the world, according to the 2021 Direct Selling News Global 100. For company news, visit www.amwayglobal.com/newsroom.​

    The post Amway Applauded by Frost & Sullivan for Its Industry-leading Home Water Treatment Solutions and Competitive Strategies appeared first on Frost & Sullivan.

    ]]>
    Getting Ready for the Future of Generative AI: Deep Learning, Neural Networks, Natural Language Processing (NLP), and More! https://www.frost.com/growth-opportunity-news/information-communications-technology/artificial-intelligence-data-analytics/getting-ready-for-the-future-of-generative-ai-deep-learning-neural-networks-natural-language-processing-nlp-and-more-topsi-cim-rg/ Wed, 30 Oct 2024 05:16:19 +0000 https://www.frost.com/?p=22993037 In today’s digital era, generative artificial intelligence (GenAI) is widely regarded as one of the most transformative technologies, with the potential to disrupt business operations and workflows across sectors like banking and financial services (BFS), manufacturing, insurance, customer services, IT, retail, and healthcare. Unlike conventional AI, which focuses on analyzing/categorizing data and automating manual processes, […]

    The post Getting Ready for the Future of Generative AI: Deep Learning, Neural Networks, Natural Language Processing (NLP), and More! appeared first on Frost & Sullivan.

    ]]>
    In today’s digital era, generative artificial intelligence (GenAI) is widely regarded as one of the most transformative technologies, with the potential to disrupt business operations and workflows across sectors like banking and financial services (BFS), manufacturing, insurance, customer services, IT, retail, and healthcare. Unlike conventional AI, which focuses on analyzing/categorizing data and automating manual processes, GenAI empowers users to produce creative content based on smart algorithms and AI models. These outputs range from text and code to images, synthetic data, audio, and even video.

    Today, though GenAI promises countless potential benefits, barriers like operational complexities, ethical considerations, infrastructural challenges, and lack of explainability, make growth and implementation difficult across various sectors. From managing vast amounts of data to ensuring compliance with regional privacy regulations, these hurdles often slow down adoption rates. Understanding the following imperatives and developing robust strategies to navigate them is crucial for technology providers aiming to drive innovation with this dynamic technology:

    To know more about AI maturity across different industries and growth opportunities in GenAI, click here.

    1. Disruptive Technologies

    Exploring the Use of Small Language Models (SLMs): Training and using large language models (LLMs) requires extensive compute resources and datasets, making them expensive for enterprises. This positions SLMs favourably to help industry incumbents strike a balance between performance and resource efficiency. Since these can be fine-tuned for specific tasks and industries, providers feel the need for prioritizing SLMs, thereby making them more accessible for a wider range of devices and applications.

    1. Competitive Intensity

    Scaling GenAI and Driving Continuous Innovation: Though GenAI is being used in controlled environments or pilot projects, scaling these solutions for broader, real-world applications presents significant challenges. Further, given the high degree of focus on launching new GenAI offerings by leading companies and start-ups, providers face the pressure to establish competitive differentiation through niche, verticalized, and industry-specific solutions.

    1. Internal Challenges

    Absorbing High Costs of Implementation: The costs and resources associated with implementing GenAI solutions can be prohibitive for many industries, especially small and medium-sized businesses. High-performance computing (HPC) infrastructure, scalable storage solutions, LLMs, and advanced data processing capabilities — all demand premium infrastructure investments. Providers are constantly striving to justify these costs, particularly when the return on investment (ROI) is not guaranteed or immediate.

    1. Geopolitical Chaos

    Upholding Regional Data Privacy Policies and Security: GenAI requires vast amounts of data to function effectively, which often includes sensitive, personal, or proprietary information from highly regulated verticals like healthcare, finance, energy, and telecom. Handling such data raises concerns over security breaches, regional compliance, misuse, and unauthorized access. Balancing the need for data with the potential risk of data leaks and heavy penalties associated with non-compliance poses a significant challenge for industry incumbents.

    What partnerships or collaborative strategies are you pursuing to stay competitive in the GenAI landscape?

    1. Disruptive Technologies

    Upskilling and Reskilling Technical Teams: GenAI is a highly specialized field that requires deep expertise in areas like machine learning (ML), natural language processing (NLP), neural networks, data science, generative pre-trained transformers (GPTs), and application programming interface (API)-based integration. Consequently, providers struggle to foster the right talent pools that are capable of developing, fine-tuning, and maintaining dynamic AI models in-house.

    1. Internal Challenges

    Decentralizing Infrastructure and Services: Enterprise data continues to exist in cloud, on-premises, and edge environments. This implies that applications like AI chatbots, virtual assistants, conversational AI, and sentiment analytics rely on the seamless orchestration of data across decentralized IT environments. By distributing processing power closer to users, decentralized systems emerge as crucial stepping stones for providers to ensure accurate training of LLMs, real-time inferencing, and ultimately better user experiences.

    1. Transformative Megatrends

    Establishing Trust with Ethical AI: GenAI models for creative or design-based tasks, can often produce unpredictable results that might not be backed with explainability, transparency, and accountability. Therefore, industries reliant on precision — such as finance or legal services — find it difficult to trust GenAI. Thus, by prioritizing ethical considerations, providers can better address biases in training data, issues in intellectual property management, and mitigate the risks associated with misinformation/harmful content generation.

    Ultimately, as businesses navigate the complex landscape of GenAI, success hinges on more than just adopting the technology. Companies must embrace a multifaceted approach that addresses scalability, ethical AI practices, talent development, and infrastructure modernization to drive sustainable, long-term growth.

    Which growth strategies and enabling technologies will you help your teams identify, evaluate, and capitalize on emerging GenAI opportunities?

    Don’t let these strategic imperatives hold your organization back amid the AI revolution. Connect with Frost & Sullivan’s growth experts today and turn these challenges into competitive advantages by unlocking new opportunities, technology differentiators, and best practices.

    Join the Transformation Journey.

    The post Getting Ready for the Future of Generative AI: Deep Learning, Neural Networks, Natural Language Processing (NLP), and More! appeared first on Frost & Sullivan.

    ]]>
    Advanced Materials Are Redefining Aerospace — Are You Ready for the Transformation? https://www.frost.com/growth-opportunity-news/aerospace-defense/unmanned-systems/advanced-materials-are-redefining-aerospace-are-you-ready-for-the-transformation-cim-ps/ Wed, 30 Oct 2024 04:58:22 +0000 https://www.frost.com/?p=22993034 Companies in the aerospace industry are actively identifying and pioneering advanced materials that enhance aircraft performance, fuel efficiency, and durability. As the industry shifts to lightweight, high-strength composites, demand for materials like carbon fiber, titanium alloys, and ceramics is rising. Additionally, global air traffic is set to double by 2037, encouraging manufacturers to adopt innovative […]

    The post Advanced Materials Are Redefining Aerospace — Are You Ready for the Transformation? appeared first on Frost & Sullivan.

    ]]>
    Companies in the aerospace industry are actively identifying and pioneering advanced materials that enhance aircraft performance, fuel efficiency, and durability. As the industry shifts to lightweight, high-strength composites, demand for materials like carbon fiber, titanium alloys, and ceramics is rising. Additionally, global air traffic is set to double by 2037, encouraging manufacturers to adopt innovative materials to meet the global demand. Furthermore, megatrends like sustainability and electric propulsion are also driving advanced materials technologies, creating significant growth opportunities for aerospace industry companies.

    Key growth opportunities in this domain include:

    1. Advancing self-healing materials to increase the lifespan of aircrafts / engines
    2. Shaping memory alloys to support new aircraft /engine designs
    3. Building smart materials to support future flight platforms – electric, hydrogen, supersonic.

    Why Act Now?

    The aerospace industry is poised for significant growth, with global opportunities spanning North America, Europe, Asia-Pacific, and beyond. By embracing these advanced materials, your company can lead the charge in innovation, efficiency, and sustainability.

    Discover these opportunities and more in our latest Frost & Sullivan analysis. Access our latest growth analysis today to learn more.

    Download the full report

    The post Advanced Materials Are Redefining Aerospace — Are You Ready for the Transformation? appeared first on Frost & Sullivan.

    ]]>
    Emerging Technologies in Pharmaceutical Manufacturing: Modular and Automated Platforms https://www.frost.com/growth-opportunity-news/healthcare/precision-health/next-gen-pharmaceutical-manufacturing-modular-and-automated-platforms-tjstory-cim-sg/ Tue, 29 Oct 2024 10:49:33 +0000 https://www.frost.com/?p=22992966 In the ever-evolving landscape of pharmaceutical manufacturing, modular and automated platforms are spearheading a transformative shift, particularly in the realm of non-biologics. As global demand for non-biologics surges, the pharmaceutical sector is increasingly turning to these advanced technologies to meet regulatory standards, enhance productivity, and reduce waste. The rise of Pharma 4.0, characterized by the […]

    The post Emerging Technologies in Pharmaceutical Manufacturing: Modular and Automated Platforms appeared first on Frost & Sullivan.

    ]]>
    In the ever-evolving landscape of pharmaceutical manufacturing, modular and automated platforms are spearheading a transformative shift, particularly in the realm of non-biologics. As global demand for non-biologics surges, the pharmaceutical sector is increasingly turning to these advanced technologies to meet regulatory standards, enhance productivity, and reduce waste. The rise of Pharma 4.0, characterized by the integration of artificial intelligence (AI), the Internet of Things (IoT), and big data analytics, is playing a pivotal role in this revolution.

    Explore growth opportunities, cutting-edge technologies, leading adopters, investment trends, and key partnerships shaping the future of pharmaceuticals with Frost & Sullivan’s latest analysis on modular and automated technologies.

    Click here to download

    Advancements Driving Change

    • Modular and Automated Platforms: Redefining pharmaceutical manufacturing by enhancing efficiency and reducing waste while ensuring regulatory compliance.
    • Artificial Intelligence (AI) and Internet of Things (IoT): Leveraging these technologies for early error detection, real-time monitoring, and maintaining robust audit trails.
    • Process Streamlining: Improving operational efficiency and minimizing human intervention through advanced digital solutions.
    • Revolutionary Improvements: Promising advancements in production speed, precision, and overall cost-effectiveness.

    Key Growth Opportunities

    • Sustainability: The push towards sustainability is supported by the energy- and water-efficient nature of modular and automated technologies. By reducing waste and replacing traditional, environmentally harmful processes, these technologies align with broader environmental goals and promote more sustainable manufacturing practices.
    • Robotics and Automation: The integration of robotics and automation enhances pharmaceutical manufacturing by boosting productivity, ensuring compliance with industry standards, and providing greater process control. Robotics streamline procedures, while automation addresses critical challenges such as supply chain disruptions and worker safety. Together, they improve efficiency, reduce contamination risks, and facilitate rapid responses to operational changes.
    • Continuous Manufacturing: Continuous manufacturing technologies are transforming the industry by reducing downtime and minimizing time lost between batch changes. This not only speeds up production but also facilitates rapid scaling while maintaining high-quality standards.
    • Digital Technologies: The integration of smart sensors and data analytics has streamlined manufacturing processes. These digital tools aid in error detection, process monitoring, and predictive maintenance, making operations more efficient and less error prone. As digital technologies become more prevalent, they will play a crucial role in meeting rising demands and enhancing patient accessibility.

    Strategic Investments and Partnerships in 2024

    The year 2024 has seen significant strategic moves that underscore the industry’s commitment to embracing modular and automated technologies:

    • Nippon Express Holdings partnered with Controlant to implement real-time monitoring devices for pharmaceuticals, optimizing the supply chain.
    • Apertus Pharmaceuticals and the API Innovation Center advanced lomustine production with continuous flow biomanufacturing solutions.
    • Hovione and GEA introduced the ConsiGma CDC Flex and a new lab-scale R&D continuous tableting rig, enhancing global pharmaceutical production capabilities.

    Looking Ahead

    The future of pharmaceutical manufacturing is poised for a transformative leap with the widespread adoption of modular and automated platforms. These innovations promise to enhance production speeds, precision, and cost-effectiveness, driving the industry towards a more efficient and sustainable future. As the sector continues to evolve, staying ahead of technological advancements and strategic partnerships will be key to leveraging new opportunities and navigating the evolving landscape of pharmaceutical manufacturing.

    The post Emerging Technologies in Pharmaceutical Manufacturing: Modular and Automated Platforms appeared first on Frost & Sullivan.

    ]]>
    Pioneering Tomorrow’s Infrastructure: Highlights from Bentley Systems’ Year In Infrastructure (YII) 2024 https://www.frost.com/news/press-releases/mobility-press-releases/pioneering-tomorrows-infrastructure-highlights-from-bentley-systems-year-in-infrastructure-yii-2024/ Tue, 29 Oct 2024 10:40:39 +0000 https://www.frost.com/?p=22992961 AI and digital twins take centerstage even as new product launches spotlight the importance of open data and collaboration.

    The post Pioneering Tomorrow’s Infrastructure: Highlights from Bentley Systems’ Year In Infrastructure (YII) 2024 appeared first on Frost & Sullivan.

    ]]>
    By Krishna Achuthan, Research Manager – Mobility 

    Bentley Systems, a global leader in infrastructure engineering software, hosted its annual Year in Infrastructure (YII) 2024 event in Vancouver, Canada, on October 8-9, 2024. As an attendee at this two-day event, I had an up-close view of industry leaders showcasing new technologies, emerging trends, and innovative ideas for the future.

    A major highlight was the “Going Digital” Awards, which recognized organizations excelling in advancing global infrastructure. Thirty-six finalists from twelve different sectors shared key project insights, success metrics, and, most importantly, how their collaboration with Bentley Systems and its engineering solutions helped them achieve their project goals. The sectors represented included Bridges and Tunnels, Construction, Campuses and Cities, Rail & Transit, Roads & Highways, and Structural Engineering, among others. A designated panel of jurors evaluated each of the award finalists before selecting the eventual winners in each category.

    CEO Address: ‘Sustaining Tomorrow’s Infrastructure’

    On October 9th, the Year In Infrastructure (YII) 2024 kicked off with a keynote from Bentley Systems CEO Nicholas Cumins. He discussed how Bentley Systems recognized the potential of personal computers in 1984, driving a paradigm shift in engineering software, starting from CAD to Microstation. He outlined the company’s advancements from web-based solutions to 4D construction modeling and how Bentley pushed boundaries further with Digital Twins, allowing engineers to monitor, manage, and optimize real-world data through dynamic replicas. Now, after 40 years of innovation, Bentley is focusing on artificial intelligence (AI) to fuel another transformation.

    Cumins highlighted how AI can enhance efficiency in projects like road maintenance by minimizing disruptions and automating repetitive tasks. He also pointed out the challenges in resource and data management—there is no shortage of demand or data, but there is a lack of engineers and actionable insights. He emphasized that 95% of the infrastructure we will use in 2030 already exists today, putting immense pressure on making current systems more resilient and efficient to meet future demands.

    To address these challenges, Cumins showcased three key projects from the Going Digital Awards: the Bridging Kentucky Program by QK4, Inc., Ohio Falls River Crossing Towers by Exo Inc., and Singapore’s Public Utilities Board’s Smart Water Grid Program. He then introduced Bentley Systems’ forward-looking strategy: combining products, innovations, and acquisitions into a new portfolio—Bentley Asset Analytics. This AI-driven solution will generate insights on existing infrastructure assets, enabling broader collaboration with engineering firms.

    Since acquiring Cesium, Bentley has expanded its 3D geospatial capabilities, enhancing asset accuracy to the millimeter level. The shared focus on interoperability and open-source solutions led Cumins to highlight the importance of Open Data Ecosystems, which optimize data sharing and efficiency across vendors. Over the last decade, Bentley has developed an open-source infrastructure schema to help stakeholders better leverage data. Cumins also announced a new strategic partnership with Google, aiming to combine Google’s geospatial data with Bentley’s infrastructure expertise to deliver more comprehensive and actionable insights for sustainable infrastructure development.

    Technology and Product Keynote: ‘Making the Right Connections’

    The next session featured Julien Moutte, Chief Technology Officer, and Mike Campbell, Chief Product Officer. They provided technology updates, including digital twin technologies designed to connect data, workflows, and professionals, and highlighted Cesium’s role in the company’s solutions portfolio. Cesium’s integration with Bentley’s offerings was explored by Cesium’s founder, now Bentley’s Chief Platform Officer, Patrick Cozzi, who underlined the benefits of 3D tiles and their adoption by open geospatial consortiums.

    Yael Maguire, Google’s Vice President and GM of Google Maps Platform and Geo Sustainability, discussed Google’s capabilities in geo-sustainability and its collaboration with Bentley Systems. Maguire explained that petabytes of publicly accessible data are helping businesses, developers, and cities make better use of these resources. Maguire emphasized the use of 3D tiles, an open standard developed with Cesium, which has been integrated into several Google products. This photorealistic 3D tile format is used in Google Earth and was adopted by the Open Geospatial Consortium, created by Cesium. This standard has fueled rapid innovation and product development, with Cesium-powered 3D imagery now covering over 2,500 cities in 49 countries.

    New Product Launches

    The product launches were introduced by Mike Campbell, who emphasized the need to make the right connections in infrastructure engineering. He highlighted that infrastructure systems are often complex and disconnected, making it crucial to connect both people and data to meet the growing demands of infrastructure and population growth. Campbell explained that Bentley has addressed this challenge through the Infrastructure Digital Twin (iTwin). He stressed the importance of data openness, noting that with many databases scattered across different systems and tools, integration is key—iTwin helps achieve this without duplicating data. Accessibility is another critical factor, as workflows that create and manage data through iTwin must be intuitive and transparent to integrate seamlessly with processes. This is why Bentley focuses on making applications iTwin-native, supporting data-centric workflows effectively.

    • Open Site+

    Open Site+ was introduced by Francois Valois, Vice President of Civil Engineering at Bentley Systems, and Joseph Viscuso, Senior Vice President and Director of Strategic Growth at Pennoni. This next-generation product, built around digital twins and generative AI, offers advanced features like copilot-assisted experiences, site layout optimization, and automated drawing production.

    During a live demonstration, they showcased Open Site+ with a hotel construction project. The built-in Copilot utilizes the organization’s existing files to provide answers to design questions. For example, when Valois asked, “Can I build a hotel in this area?” the Copilot not only gave an answer but also provided links to the relevant documents, helping the engineer trace the source. Valois further demonstrated how the Copilot handles complex queries, such as determining the required parking for a 200-room hotel and whether it can fit in the space available. The Copilot analyzes thousands of alternatives to find the best option, balancing cost and engineering requirements.

    In addition to these capabilities, the Copilot can modify designs. Other standout features of Open Site+ include AI-powered optimization for site grading, simplified stormwater management, and perhaps most notably, AI-driven drawing optimization and production. This makes Open Site+ a powerful tool that leverages natural language input for streamlined design processes.

    • Microstation

    Powered by the iTwin platform, Microstation 2024 equips infrastructure professionals to design at scale and in context. Key features include digital twin integration, real-time geospatial insights to enhance design, and ad-hoc collaboration. The product was unveiled by Susanne Trierscheid, Vice President of Modeling and Facilities Engineering at Bentley Systems. Microstation 2024 streamlines workflows by merging desktop functionality with iTwin cloud services across Bentley’s open applications. Enhanced GIS integration, Python scripting support, and iTwin-enabled collaboration are the three standout features Trierscheid emphasized, improving project workflows of all sizes from the start.

    Microstation

    • Bentley Asset Analytics

    In the next segment, the focus shifted from design and engineering to the operations phase. Campbell highlighted Bentley Asset Analytics, which combines existing products, new innovations, and recent acquisitions to ensure assets remain safe, reliable, and resilient. Mike Schelhase, Vice President of Asset Analytics at Bentley, introduced Blyncsy, a roadway insights platform that uses crowd-sourced data and machine learning models. Blyncsy leverages AI to detect issues like broken stop signs or faulty streetlights, cutting inspection times by 90% and allowing technicians to focus on repairs. The platform is currently in use by the City of Fort Worth, Texas, and the Alaska Department of Transportation.

    In addition to Blyncsy, Open Tower iQ was introduced, which automates cell tower lifecycle management using AI and drone imagery to identify and address problems. Over the past year, Bentley has used iTwin to automate inventory and equipment detection for over 25,000 towers—17% of the total in the U.S.—and with growing demand, Open Tower iQ is expected to see increased adoption.

    • Bentley Infrastructure Cloud

    The Bentley Infrastructure Cloud, built on the iTwin platform, enhances enterprise solutions by seamlessly connecting project and asset information management. Chris Bradshaw, Bentley’s Chief Sustainability Officer, explained how the Bentley Infrastructure Cloud plays a vital role in advancing sustainability efforts.

    Campbell delved deeper into the capabilities of the Bentley Infrastructure Cloud. Oliver Conze, Senior Vice President of Bentley Infrastructure Cloud Systems, discussed how the Bentley Infrastructure Cloud is evolving to eliminate barriers, enabling seamless information exchange through a data-centric approach powered by digital twins. This fosters continuous collaboration, leading to faster decision-making and improved outcomes. He highlighted the integrated Design Build project launched last month, which unites ProjectWise and Synchro within the Bentley Infrastructure Cloud, enhancing deliverables management alongside 3D planning and scheduling. He also emphasized the integration of 2D and 3D sheets within the platform. Next, he introduced a mobile app that allows users to enhance models with real-time insights on-site, helping to quickly resolve issues even in areas with poor internet connectivity through offline mode.

    • Carbon Analysis

    Bradshaw, alongside Kelvin Saldanha, Associate Director at WSP, introduced a new feature—Carbon Analysis. Saldanha outlined the key challenges of calculating embodied carbon, primarily the inconsistency due to the use of multiple tools, which often results in carbon scores feeling imprecise. The process can involve data cleansing and using various tools, making it difficult to calculate an accurate score, while also consuming significant time.

    The iTwin Carbon Analysis tool addresses these issues by offering unprecedented transparency. It enables the design team to calculate carbon scores much earlier in the project lifecycle, with instant reporting. Updating the design model immediately reflects the carbon footprint, reducing the feedback loop from weeks to just days. One of the standout features is its ability to generate carbon heat maps, allowing users to visualize carbon intensity and target specific areas for improvement. A demonstration followed, and Bradshaw concluded by announcing that the Carbon Analysis feature is now available in iTwin at no additional cost.

    • Advanced Visualization Tool

    Campbell then announced an advanced visualization capability aimed at creating immersive, photo-realistic infrastructure experiences using Epic Games’ Unreal Engine. Greg Demchak, Vice President of Emerging Technologies at Bentley, provided further details on this tool. He explained the challenges associated with current visualization tools, which can be cumbersome and often require extensive rework for material, lighting, and rendering. The new Advanced Visualization tool reinvents the visualization pipeline, being purpose-built for high performance and immersion. Utilizing open-standard Cesium 3D tiles, it enables users to explore and experience digital twins in real-time with no delays, allowing for instant sharing of visualizations with stakeholders.

    A demonstration showcased the Bull Run Filtration project from Bentley’s iLab, set up in a conference room in Vancouver. Jeffrey Campbell, Director of Virtual Planning at Project Controls Cubed, guided attendees through the Portland Water Bureau’s project, highlighting how AI can generate keywords and phrases as tangible objects in the infrastructure. This concluded the product announcement session.

    Cesium’s Journey to Infrastructure

    Patrick Cozzi, Founder and Chief Platform Officer at Cesium shared the journey of Cesium since its inception in 2011. He detailed how it has evolved to offer a blend of open-source and commercially available software for building 3D geospatial applications. Cozzi highlighted key Cesium projects, including the digital twin project of the X-Alps paragliding race, collaborations with Komatsu for smart construction in mining, and partnerships with NBC Sports for the Paris Summer Games.

    The day’s final session before industry breakout sessions featured guest speaker Deb Chachra, author of “How Infrastructure Works.” She provided insights into how cities have developed their infrastructure over the years and stressed the importance of preserving ethical considerations in this process.

    Conclusion

    Bentley Systems Year in Infrastructure 2024 was replete with insights into the future of infrastructure engineering. The event showcased cutting-edge technologies, including AI, digital twins, and advanced visualization tools. The event closed with the Going Digital Awards where winners from 36 award finalists across 12 different sectors were announced. All in all, it was a power-packed event showcasing advances in infrastructure advances and future-focused ideas, overarched by an emphasis on innovation, sustainability, and collaboration for a better tomorrow.

    With inputs from Amrita Shetty, Senior Manager, Communications & Content – Mobility

     

    The post Pioneering Tomorrow’s Infrastructure: Highlights from Bentley Systems’ Year In Infrastructure (YII) 2024 appeared first on Frost & Sullivan.

    ]]>
    Cellcard Applauded by Frost & Sullivan for Offering Customers New Experiences, Convenience, and Value with a Significant Financial Impact in Mobile Services https://www.frost.com/news/press-releases/cellcard-applauded-by-frost-sullivan-for-offering-customers-new-experiences-convenience-and-value-with-a-significant-financial-impact-in-mobile-services/ Tue, 29 Oct 2024 09:55:11 +0000 https://www.frost.com/?p=22992958 Cellcard remains attractive to Cambodians as the company continues offering outstanding customer service backed by a fast, trusted, and reliable nationwide mobile network.

    The post Cellcard Applauded by Frost & Sullivan for Offering Customers New Experiences, Convenience, and Value with a Significant Financial Impact in Mobile Services appeared first on Frost & Sullivan.

    ]]>
    SAN ANTONIO, TX. – 29th October, 2024 – Frost & Sullivan recently researched the mobile services industry and, based on its analysis, recognizes Cellcard with the 2024 Cambodian Customer Value Leadership Award. The company is a comprehensive digital lifestyle provider for consumers, offering connectivity and beyond connectivity solutions that enhance how Cambodians live, work, and play. It is Cambodia’s longest-serving 100% Cambodian-owned operator, known for its first-to-market innovations, outstanding customer service, and fast and reliable mobile network. The company’s notable achievements can be attributed to its strategic efforts to optimize operating costs while enhancing mobile network quality and coverage as part of its ongoing business turnaround strategy. It expanded its digital services to bring a bigger variety of digital lifestyle services to Cambodians, addressing the needs of a digital-reliant generation and the digital economy.

    Cellcard, once again demonstrated its exceptional financial performance in 2023, marking the second consecutive year of outstanding growth in the highly competitive market. Despite a 97% prepaid penetration rate and a 126% mobile penetration rate, Cellcard has achieved a remarkable 220% year-over-year increase in profit after tax, reaching 182.6 billion riels. This significant achievement is a testament to the company’s strategic focus on optimizing operational costs, enhancing mobile network quality and coverage, and introducing innovative products and services. The launch of Cellcard Serey, and Cellcard One, coupled with a loyal customer base, including early adopters and high-ARPU customers, have been instrumental in driving revenue growth.

    Cellcard’s commitment to innovation has been a key differentiator in the market. The company’s track record of launching groundbreaking products and services has not only contributed to customer base growth but has also fostered digital adoption and financial impact. This achievement is particularly noteworthy considering the limited number of regional mobile operators that have been able to replicate such success.

    Looking ahead, Cellcard remains optimistic about its growth prospects. The company’s ongoing investment in improving mobile network quality is a strategic advantage that will enable it to compete effectively in the market. With the support of a $70 million funding package, including a loan and a sustainability bond, as well as the successful listing on the Cambodia Stock Exchange in June 2023, Cellcard is poised to accelerate its network expansion plans. By focusing on network coverage expansion, service quality enhancements, and digital lifestyle innovation development, Cellcard aims to deliver an exceptional customer experience and continue its trajectory of growth and market leadership.

    Mei Lee Quah, ICT research director for Frost & Sullivan, observed, “Cellcard has a track record as an industry innovator with multiple product or service launches that have contributed to its customer base growth and digital service adoption while making a financial impact. This achievement is no mean feat because only a handful of regional mobile operators can achieve it.”

    Cellcard aims for availability, simplicity, and consistency and makes its products and services, SIM cards, and scratch cards available across its sales channels for a better purchase experience. The customer ownership experience focuses on mobile network quality and performance, innovation, and service excellence to deliver long-term value to customers, enhancing their daily lives and increasing productivity. Businesses gain from enhanced productivity as a result of faster speed and better mobile network coverage. The company constantly monitors, optimizes, and ensures the best network experience for customers with its fast download speeds. Cellcard delivers exceptional customer service, online customer support channels, transparent pricing, value-added services, mobile plans, data packages, and entertainment applications. Cellcard’s recent enhancements in mobile network infrastructure have significantly improved network coverage, internet speeds, and overall customer experience. With the deployment of additional sites across ten provinces and the implementation of indoor and microcell solutions, Cellcard customers enjoy faster and more reliable connectivity for their day-to-day activities, as well as innovation to support their digital lifestyles.

    “Cellcard’s emphasis on reducing customer friction and its focus on delivering exceptional customer service are notable and commendable. The company is leading the way in raising customer satisfaction levels within the telecom industry,” added Quah. With its strong overall performance, Cellcard earns Frost & Sullivan’s 2024 Cambodian Customer Value Leadership Award in the mobile services industry.

    Each year, Frost & Sullivan presents this award to the company that has demonstrated excellence in implementing strategies that proactively create value for its customers with a focus on improving the return on the investment that customers make in its services or products. The award recognizes the company’s unique focus on augmenting the value that its customers receive, beyond simply good customer service, leading to improved customer retention and customer base expansion.

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

    The post Cellcard Applauded by Frost & Sullivan for Offering Customers New Experiences, Convenience, and Value with a Significant Financial Impact in Mobile Services appeared first on Frost & Sullivan.

    ]]>
    TeleVox Applauded by Frost & Sullivan for Improving Patient Experience through Effective Engagement and Customer Value https://www.frost.com/news/press-releases/televox-applauded-by-frost-sullivan-for-improving-patient-experience-through-effective-engagement-and-customer-value/ Mon, 28 Oct 2024 13:00:25 +0000 https://www.frost.com/?p=22992498 TeleVox’s highly flexible platform provides PRM capabilities covering the full extent of healthcare stakeholders, enhancing the patient population experience, decreasing missed appointments, and facilitating better care outcomes.

    The post TeleVox Applauded by Frost & Sullivan for Improving Patient Experience through Effective Engagement and Customer Value appeared first on Frost & Sullivan.

    ]]>
    SAN ANTONIO, TX. – October 28, 2024 – Frost & Sullivan recently assessed the patient relationship management (PRM) industry and, based on its findings, recognizes TeleVox with the 2024 North American Customer Value Leadership Award. The company provides meaningful, omnichannel interactions that span the patient journey—scheduling, intake, appointment, and post-visit engagement. TeleVox’s platform empowers personalization and scalability to a client’s entire population base. The platform integrates with physician-patient portals and EHRs in a meaningful manner, pulling in patient-specific information customized to client specifications and allowing the information to be tailored to patient-specific context. As such, it augments the patient experience by allowing them to perform actions in a portal in an easy, self-service manner.

    TeleVox has a comprehensive portfolio of best-in-breed solutions that cover the holistic patient journey, including preventative care, discovery care, specialty diagnosis and treatment, appointment booking and preparation, and chronic disease management. This comprehensive portfolio is a key differentiator for TeleVox, as it bridges the gap across various touchpoints in the patient journey, irrespective of where the patient is in the process. It ensures easier provider access to functionalities or viewpoints, enabling providers to track more patients at scale without additional manual work while improving clinical outcomes and operational benefits. The company also offers a continuous delivery framework, giving customers immediate value through updates with more features, functionalities, enhancements, and upgrades. TeleVox’s new AI-enabled, Virtual Agent and chat solutions help health systems deliver an enhanced self-service experience that aligns with consumer communication expectations and workflows outside the healthcare industry.

    Delfina Huergo, healthcare industry analyst for Frost & Sullivan, observed, “TeleVox sets out to overcome the shortcomings of the PRM industry. The company bridges the gap by providing an experience that covers the patient journey from initial appointment to post-discharge, including chronic disease management. TeleVox offers a unified strategy for customers and patients, bringing consistent, persistent, and actionable conversation through artificial intelligence capabilities to facilitate thoughtful engagement longitudinally.”

    TeleVox offers a true omnichannel scenario that allows patients to leverage voice, web, or short message service (SMS) text communication channels based on their preferences. Patients have access to the same experience, personalization, and automation regardless of their chosen channel. TeleVox’s new Practice Edition solution gives practice groups of less than 50 providers a streamlined method to manage their day. It provides administrators tools specific to a practice level in a single interface, including scheduling appointments, managing wait lists, rescheduling, website management, marketing, ad hoc alerts, and adding emergency appointments. This reduces the barrier for smaller providers to offer a better patient experience, thereby improving outcomes such as filling schedules, increasing revenue capture, and enhancing patient satisfaction overall. TeleVox’s customization and expertise ensure that patients have valuable and positive experiences when interacting with the platform regardless of their chosen channel, thereby enhancing patient loyalty and continuous use. With its multiple pricing models, the company enacts high value and ROI for customers regardless of size or application.

    “TeleVox provides unmatched customer service, working with customers to customize engagement projects aligned to a client’s specific goals and endpoints, maximizing overall value, and achieving high return on investment. Its low/no code configuration enables fast and flexible workflow integration, empowering it to align workflows and integrate updated solutions and features efficiently,” added Huergo. TeleVox earns Frost & Sullivan’s 2024 North American Customer Value Leadership Award for its strong overall performance in the patient relationship management industry.

    The post TeleVox Applauded by Frost & Sullivan for Improving Patient Experience through Effective Engagement and Customer Value appeared first on Frost & Sullivan.

    ]]>
    Refining Digital Communication Workflows in Government and Education Services: Growth Opportunities and Megatrends Revealed https://www.frost.com/growth-opportunity-news/information-communications-technology/unified-communications/unified-communications-trends-opportunities-tjstory-cim-rg/ Mon, 28 Oct 2024 10:33:45 +0000 https://www.frost.com/?p=22992816 In an era of digital innovation, multiple forces are catalyzing change across the unified communications and collaboration (UCC) landscape, especially for government organizations and education services. Today, end user’s adoption of emerging technologies, growth in office and campus modernization initiatives, and the need to improve communication and collaboration between employees is intensifying the pressure on providers […]

    The post Refining Digital Communication Workflows in Government and Education Services: Growth Opportunities and Megatrends Revealed appeared first on Frost & Sullivan.

    ]]>
    In an era of digital innovation, multiple forces are catalyzing change across the unified communications and collaboration (UCC) landscape, especially for government organizations and education services. Today, end user’s adoption of emerging technologies, growth in office and campus modernization initiatives, and the need to improve communication and collaboration between employees is intensifying the pressure on providers to optimize communications workflows, improve service efficiency, automate decision-making, and develop robust collaboration tools customized for both these verticals.

    Supercharging Internal and External Communications in the Government Sector

    Government agencies are racing towards digital transformation, transitioning away from legacy systems like SMS and paging. This modernization effort necessitates prioritizing data integrity and regulatory adherence, especially when considering the broader scope of regulated government services. This shift provides growth opportunities for providers to help their government clients look beyond linear communications and to enhance inter-and-intra-agency communication tools by prioritizing the following:

    • User-centric and personalized citizen/customer engagement.
    • Innovative applications like AI chatbots, robotic process automation (RPA), and collaborative workspaces.
    • Collaboration platforms and tools to enhance inter- and intra-agency communication.

    Consequently, the challenge of aligning and managing IT and UCC investments across diverse technology ecosystems — including legacy systems, on-premises infrastructure, and cloud-based solutions — is growing increasingly complex.

    Which growth opportunities will help UCC providers personalize their solutions and cater to the evolving needs of heterogeneous government buyers?

    For a deep dive into growth opportunities and new developments in UCC for Government Organizations, click here.

    Leveraging Digitized Communication Tools to Make Education More Interactive

    Dynamic advancements in education technology (Edtech) combined with the rise of blended learning, emerging delivery channels, and innovative content formats, are pushing UCC providers to enhance the efficacy of knowledge sharing between teachers, students, and administrators. Now, as education IT leaders look more closely at the financial impact of technology investments, providers are sharpening their focus on:

    • Virtual reality (VR) and augmented reality (AR) to deliver more immersive, visual, adaptive, and practical learning experiences.
    • AI for curating content and automating communications workflows, thereby minimizing the time users spend on repetitive, manual processes.
    • Electronic whiteboards, interactive displays, and improved video conferencing to support one-to-many, one-to-one, and peer-to-peer teaching.

    How will your teams strategize to navigate growth barriers and UCC implementation challenges in the education vertical?

    To know more about growth opportunities and customer priorities in UCC for the education sector, click here.

    What’s Spurring Transformation in Conventional Workflows

    As both government organizations and education services march towards digitalization, factors like better access to data and analytics, the proliferation of AI-powered automation, new developments in integrated cybersecurity, and cloud-based collaboration are supercharging the following workflows to create new growth opportunities:

    Government Organizations

    • Procurement task automation
    • Human capital management
    • Application management for government grants
    • Services licencing
    • Loss and fraud prevention
    • Resource allocation, and more.

     

     

    For a deep dive into latest advancements in UCC for Government Organizations, click here.

    Education Services

    • Synchronous and asynchronous engagement
    • Professional development of teachers/educators
    • Video conferencing for student support and counselling
    • Digital lesson planning and resource management
    • Attendance/performance monitoring
    • Communication channels for teachers/students, and more.

    For a deep dive into latest advancements in UCC for Education Services, click here.


    Is your organization equipped to capitalize on the various disruptive technologies driving this transformation?

    Growth Opportunities in UCC for Government Organizations

    Government organizations face multiple obstacles in their digital transformation initiatives, stemming from the siloed nature of public services, persistent security challenges, compliance requirements, network reliability concerns, and the need for modernizing outdated legacy systems. Now, UCC providers focusing on addressing these pain points by leveraging the following opportunities can better position themselves for sustained revenue growth:

    • Innovative UCC Software Applications like business mobile voice and data services, team spaces and group chats, cloud/on-premises video conferencing, cloud/mobile private branch exchange (PBX), and cloud contact centers.
    • Next-Generation UCC Devices like dedicated personal video conferencing devices, professional headsets, room-based video conferencing systems, business-grade webcams, and feature-rich desktop IP phones.
    • Cloud-Based Telephony Solutions that fit seamlessly into hybrid infrastructure and facilitate artificial intelligence (AI)-powered features.

    For details on technology investment plans, purchasing preferences, and UCC budgets for Government buyers from 2024-2027, click here.

    Growth Opportunities in UCC for Education Services

    The COVID-19 pandemic accelerated the integration of technology into the education sector. The increased reliance on digital tools has introduced significant challenges, including heightened security risks, budgetary pressures, system integration difficulties, and a widening digital skills gap. To effectively address these challenges, UCC providers must assist education organizations in prioritizing the following opportunities:

    • Scalable Cloud Services that ease the transition from legacy PBX and public switched telephone network (PSTN) communications to cloud-based calling, recording, archiving, and contact centers.
    • Modernizing Underlying Infrastructure by focusing on hybrid telephony environments, next-generation communications reporting and analytics software, cloud-based fax, immersive video conferencing, and desktop/ mobile softphones.
    • Communications Platform-as-a-Service (CPaaS) and flexible application programming interfaces (APIs) for consolidating platforms and reducing complex workloads.

    For details on technology investment plans, purchasing preferences, and UCC budgets in the Education Vertical from 2024-2027, click here.

    In summary, amid an evolving digital landscape, next-generation UCC solutions are unlocking transformative growth in government and education verticals, empowering seamless communication and enhanced collaboration. By embracing innovation and addressing key challenges with disruptive technologies, UCC providers can fuel growth, drive efficiency, and guarantee competitive differentiation.

    About Frost & Sullivan

    Frost & Sullivan, the growth pipeline company, enables clients to accelerate growth and achieve best-in-class industry positioning in terms of innovation and leadership. The company’s ‘Growth Pipeline-as-a-Service’ provides corporate management teams with transformational strategies and best-practice models that catalyze growth opportunity generation, evaluation, and implementation. Let us coach you on your transformational journey, while we actively support you in fostering collaborative initiatives within the global UCC ecosystem. This journey is fueled by four powerful components, ensuring your success in navigating dynamic business and industry landscapes.

    • Schedule a Growth Dialog with our team to dive deeper into transformational strategies and explore specific needs within your company.
    • Become a Frost Growth Expert in your area of specialization and share your expertise and passion with the community through our think tanks.
    • Join Frost & Sullivan’s Growth Council and become an integral member of a dynamic community focused on identifying growth opportunities and addressing critical challenges that influence industries.
    • Designate your company as a Companies to Action to maximize your exposure to investors, new M&A opportunities, and other growth prospects.

     

    The post Refining Digital Communication Workflows in Government and Education Services: Growth Opportunities and Megatrends Revealed appeared first on Frost & Sullivan.

    ]]>
    STT GDC Philippines Recognized by Frost & Sullivan for Its Efficient and Scalable Data Center Solutions and Competitive Strategies https://www.frost.com/news/press-releases/stt-gdc-philippines-recognized-by-frost-sullivan-for-its-efficient-and-scalable-data-center-solutions-and-competitive-strategies/ Mon, 28 Oct 2024 09:04:37 +0000 https://www.frost.com/?p=22992795 STT GDC Philippines’ forward-thinking strategy addresses customers’ immediate operational efficiency and scalability needs, preparing them for the digital ecosystem’s evolving challenges.

    The post STT GDC Philippines Recognized by Frost & Sullivan for Its Efficient and Scalable Data Center Solutions and Competitive Strategies appeared first on Frost & Sullivan.

    ]]>
    SAN ANTONIO, TX – 28th October, 2024 – Frost & Sullivan recently assessed the data center services industry and, based on its findings, recognizes ST Telemedia Global Data Centers Philippines with the 2024 Competitive Strategy Leadership Award. The company currently operates seven data centers, including two projects under development, strategically located in Metro Manila, Calabarzon, and Davao. These centers have a total information technology (IT) capacity of over 150 megawatts (MW), offering end-to-end data center solutions that are purpose-built to help customers respond dynamically to the evolving digital landscape. Within this context, the company’s best-in-class, mission-critical solutions deliver reliability to Philippine enterprises and hyperscalers, thereby reinforcing the company’s strategic position in the country’s underserved data center services space.

    STT GDC Philippines has expanded the capacity of three existing data centers (STT Makati, STT Cavite 1, and STT Quezon City) by a total of 5.2 MW as part of its growth strategy. This aggressive expansion serves near-term capacity by delivering reliable and robust digital infrastructure. The company also broke ground on two ambitious greenfield projects, STT Fairview data centre campus and STT Cavite 2, significantly increasing its IT capacity. The strategic relevance of these new additions stems from their carefully chosen locations, which address separate critical components of modern data center operations and business continuity.

    STT Fairview, which is strategically positioned in Quezon City, offers numerous urban location strategy benefits, including unparalleled access to the metropolitan area’s advanced infrastructure and connectivity (critical for high-speed data processing and latency reduction) and unprecedented proximity to customers.

    Nishchal Khorana, Vice President & Global Program Leader-ICT, Frost & Sullivan, observed, “STT GDC Philippines continues to strengthen its value proposition to drive strategic differentiation by expanding its data center presence and footprint across the Philippines.”

    Carlo Malana, President and CEO of STT GDC Philippines, thanks Frost & Sullivan for the recognition, saying: “This award is a validation of our commitment to building world class data center infrastructure in the Philippines. It’s not just about recognition; it energizes our efforts to position the Philippines as a preeminent digital gateway for the Asia Pacific region. This award is a testament to the exceptional efforts of our entire team, and it motivates us to push even further as we transform the Philippines’ digital landscape.”

    STT Fairview and STT Cavite collectively comprise a comprehensive solution that combines the metropolitan benefits of accessibility, infrastructure, and talent availability with the strategic advantage of regional dispersion for disaster recovery and business continuity. In addition, STT GDC Philippines focuses on a strong value proposition of consistently delivering projects on time, within budget, and with the desired results. The company demonstrates an unwavering focus on industry best practices, maintaining several industry certifications and reinforcing its commitment to operational excellence. It strives to empower a sustainable digital future by offering differentiated solutions built on scalability, resilience, and operational excellence. A clear strategic vision and execution underpin the company’s strong position in the Philippines and will facilitate sustainable growth for years to come.

    “STT GDC Philippines continues to modernize its legacy facilities and commission new builds across the Philippines to address the anticipated demand from its growing customer base. It regards sustainability as a strategic imperative to future-proof data centers and continuously invests in emerging technology to enhance customer value in the Philippines,” added Sama Suwal, Best Practices Research Analyst at Frost & Sullivan.

    Each year, Frost & Sullivan presents this award to the company that has developed an innovative element in a product by leveraging leading-edge technologies. The award recognizes the value-added features/benefits of the product and the increased return on investment (ROI) it gives customers, which, in turn, raises customer acquisition and overall market penetration potential.

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

    About STT GDC Philippines
    ST Telemedia Global Data Centres (Philippines) is a joint venture between the Globe Group, a leading digital solutions platform, Ayala Corporation, the Philippines’ leading conglomerate and ST Telemedia Global Data Centres (STT GDC), one of the fastest-growing data centre service providers headquartered in Singapore. STT GDC Philippines currently operates five data centres strategically located across the Philippines, with two more under construction, both set to open in 2025. This includes STT Fairview, poised to be the largest carrier-neutral data centre in the country. The company’s mission-critical solutions offer best-in-class offerings, delivering industry-leading uptime to its customers in the Philippines. For more information, please visit www.sttelemediagdc.com

    FOR MEDIA QUERIES, PLEASE CONTACT:
    ST Telemedia Global Data Centres Philippines
    Nicole Panaligan
    E: marketing@sttelemediagdc.ph

    The post STT GDC Philippines Recognized by Frost & Sullivan for Its Efficient and Scalable Data Center Solutions and Competitive Strategies appeared first on Frost & Sullivan.

    ]]>
    Singtel Recognized by Frost & Sullivan for Innovation, Boosting Enterprise Digital Transformation, and Market Leadership https://www.frost.com/news/press-releases/22992812/ Mon, 28 Oct 2024 08:58:43 +0000 https://www.frost.com/?p=22992812 Singtel is a strong homegrown brand pushing the boundaries of network slicing and advanced connectivity solutions globally

    The post Singtel Recognized by Frost & Sullivan for Innovation, Boosting Enterprise Digital Transformation, and Market Leadership appeared first on Frost & Sullivan.

    ]]>
    SAN ANTONIO, TX. –28th October 2024, – Frost & Sullivan recently assessed the 5G enterprise industry and, based on its findings, presents Singtel with the 2024 Asia-Pacific Technology Innovation Leadership Award, Enabling Technology Leadership Award, and Company of the Year Award. The company is a leading 5G enterprise service provider in Asia-Pacific (APAC) with a regional presence through stakeholders (e.g., Optus) and regional associates (e.g., AIS in Thailand, Globe in the Philippines, Telkomsel in Indonesia, and Airtel in India). The company has 53 enterprise offices in 17 countries globally, and over 76% of its net profit in FY2024 came from operations outside Singapore. Singtel’s strength in the region is backed by its global-scale infrastructure, spanning 428 points of presence across 362 cities. It offers new capabilities for enterprises, including edge infrastructure and network slicing to improve business operations and provide better service delivery.

    Singtel leads the 5G space in Singapore and in the region, bringing together a range of capabilities that all enterprises can readily leverage. The Singtel Paragon platform, one of its key solutions, is a major differentiator because the market lacks a similar solution that is as strong in Singapore, regionally, and potentially even globally. The platform uniquely makes 5G accessible to all enterprises, enabling new use cases that otherwise require hefty upfront costs and knowledge to set up. Its key value propositions include customizability, scalability, and performance assurance.

    To enhance its technological innovation, Singtel, together with its strategic partners, pioneered advanced network slicing capabilities that can withstand high mobile network congestion. The launch of the world’s first application-based network slicing marks a significant milestone and a breakthrough for the telecoms industry. This technology will enable the activation of dedicated and customized slices of Singtel’s 5G SA network, which can boost application performance and enhance the customer experience to offer a differentiated network experience for selected applications and users.

    Mei Lee Quah, director of ICT research for Frost & Sullivan, observed, “Singtel is in business to solve enterprise pain points and derive intelligent outcomes based on actionable insights through technology-based solutions. The Singtel Paragon platform is critical in enabling futuristic concepts that would otherwise not be feasible with 4G. With the team at Singtel steering upgrades to 5G, regional enterprises can leverage technological advancements to meet their needs.”

    Singtel has been expanding its services available through Paragon, most notably its GPU-as-a-service that allows enterprises to tap into advanced computing power to deploy artificial intelligence (AI) applications. Going further, it simplifies the deployment of AI applications such as virtualized machines and AI workspaces via its AI-as-a-service offering, making AI more accessible to enterprises.

    Singtel’s approach to corporate governance, transparency, and sustainability stands out from regional and global peers. For example, Singtel’s investments in sustainable infrastructure and efforts to foster inclusivity and diversity are leading the way in the telecoms industry. Additionally, the 2024 Global 100 by Corporate Knights deemed the company Asia’s most sustainable telecom service provider and the world’s third-most sustainable telecom service provider.

    “Singtel exceptionally drives 5G adoption and maintains a formidable brand that regional competitors find difficult to challenge. Its notable achievements in 2023, including the world’s first implementation of application-based network slicing and target setting of net-zero ahead of 2050, differentiate Singtel. Together with the Bridge Alliance network, Singtel’s infrastructure unit will expand into the region, building a brighter future for all,” added Quah. With its strong overall performance, Singtel earns Frost & Sullivan’s 2024 Enabling Technology Leadership Award, Technology Innovation Leadership Award, and Company of the Year Award in the Asia-Pacific 5G enterprise industry.

    Each year, Frost & Sullivan presents a company of the year award to the organization that demonstrates excellence in terms of growth strategy and implementation in its field. The award recognizes a high degree of innovation with products and technologies, and the resulting leadership in terms of customer value and market penetration. It presents the enabling technology award to a company that has developed a pioneering technology that not only enhances current products, but also enables the development of new products and applications. The award recognizes the high market acceptance potential of the recipient’s technology. Frost & Sullivan also presents the technology innovation award to the company that has developed a product with innovative features and functionality that is gaining rapid acceptance in the market. The award recognizes the quality of the solution and the customer value enhancements it enables.

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

    About Singtel
    Singtel is a leading Asian communications technology group, operating next-generation connectivity, digital infrastructure and digital businesses including regional data centre arm Nxera and regional IT services arm NCS. The Group has presence in Asia, Australia and Africa and reaches over 780 million mobile customers in 21 countries.

    For consumers, Singtel delivers a complete and integrated suite of services, including mobile, broadband and TV. For enterprises, Singtel offers a complementary array of workforce mobility solutions, data hosting, cloud, network infrastructure, analytics and cyber security capabilities.

    Singtel is dedicated to continuous innovation, harnessing technology to create new and exciting customer experiences, support enterprises in their digital transformation and shape a more sustainable, digital future.

    For more information, visit www.singtel.com.

    Media Contacts:
    Malini Nathan
    Director, Group Strategic Communications and Brand, Singtel
    Mobile: +65 8129 6013
    Email: malini.nathan@singtel.com

    Joel Chan
    Manager, Group Strategic Communications and Brand, Singtel
    Mobile: +65 9648 6978
    Email: joel.chan@singtel.com

    The post Singtel Recognized by Frost & Sullivan for Innovation, Boosting Enterprise Digital Transformation, and Market Leadership appeared first on Frost & Sullivan.

    ]]>
    Accelerating Digital Transformation with Hybrid Cloud, Innovative Cloud Migration Strategies, and Cloud Security Best Practices https://www.frost.com/growth-opportunity-news/information-communications-technology/cloud/accelerating-digital-transformation-with-hybrid-cloud-innovative-cloud-migration-strategies-and-cloud-security-best-practices-tgp-cim-rg/ Mon, 28 Oct 2024 06:03:19 +0000 https://www.frost.com/?p=22992805 The post Accelerating Digital Transformation with Hybrid Cloud, Innovative Cloud Migration Strategies, and Cloud Security Best Practices appeared first on Frost & Sullivan.

    ]]>
    GROWTH OPPORTUNITIES IN THE SPOTLIGHT

    • AIOps in Cloud Management
    • Sovereign Cloud Solutions
    • Investing in Custom Silicon

    To know more about strategic imperatives, companies to action, and best practices in the dynamic cloud ecosystem, click here.

    In today’s fast-paced digital landscape, evolving cloud technologies are empowering businesses to enhance collaboration, strengthen security, and increase operational agility. Meanwhile, the rapid adoption of artificial intelligence (AI), generative AI (GenAI), and machine learning (ML) is driving enterprises to modernize their data storage, management, and processing capabilities. Now, as businesses prioritize cloud migration strategies and hyperautomation, the global infrastructure-as-a-service (IaaS) and platform-as-a-service (PaaS) industry is projected to reach $915.90 billion by 2029, growing at a CAGR of 25.4% between 2023 and 2029.

     

    What’s Catalyzing This Change?

    • As enterprises increase their use of cloud infrastructure to facilitate digital transformation, they require tools that enable easier and more consistent management of hybrid cloud, edge, and data center environments.
    • Traditional cloud security frameworks are proving insufficient for safeguarding multi-cloud and edge locations amid intensifying risks from ransomware and security breaches.
    • Skills gaps continue to plague IT departments, as employees struggle to keep pace with advancing capabilities of GenAI, ML, serverless computing, chip development, and 5G technology.

    These factors are pushing cloud providers to future-proof their revenue pipelines by focusing on growth opportunities like hybrid cloud management for edge locations, hyperautomation, AI operations (AIOps), integrated security services, sovereign cloud solutions, and customized chip designs.

    Companies to Action in the Cloud Industry
    The following pioneers in cloud solutions and services are driving growth and innovation to meet evolving customer demands. They play a crucial role in simplifying cloud orchestration and cybersecurity management, empowering organizations to optimize business processes and harness disruptive technologies.

    Hybrid Cloud Management Platforms

    • CoreStack gives organizations a complete view of its cloud infrastructure, providing real-time recommendations for continuous compliance and resource optimization.
    • VMware‘s unified public cloud and application management services support Kubernetes to enable cloud cost/ performance/security optimization, helping customers streamline cloud infrastructure management with full-stack visibility across private, hybrid, and multi-cloud environments.
    • Cisco facilitates network, cloud, and IT infrastructure management, bolstering security with AI-infused services.

    Click here to learn more.

    Cloud-Based AI, IaaS, and PaaS

    • Amazon Web Services’ (AWS) investments in custom silicon, AI, GenAI, and security infrastructure make it a top choice for enterprises’ digital transformation. AWS delivers a wide range of foundational models to address varying business needs with security, data privacy, and built-in confidentiality.
    • Microsoft‘s early lead in AI, its industry cloud, and sustainability initiatives have made it one among the top choices for the deployment of new workloads. Further, the company’s strategic partnership with Oracle has re-written the rules of coopetition in the technology industry.
    • Google Cloud expertly integrates AI, particularly GenAI to address evolving customer needs, ranking among the first hyperscalers to offer its customers an array of foundation models including third-party models, open-source models, and Google’s own AI-based models.

    Click here to learn more.

    Data Protection Services
    Acronis, Veeam, and Nasuni actively combine data protection along with automated backup and recovery, cybersecurity, ransomware protection, and endpoint management services for hybrid and multi-cloud environments, thereby increasing the available choices of integrated security features for enterprise customers.

    Click here to learn more.

    Ready to Lead the Cloud Revolution?

    At Frost & Sullivan, we’re committed to helping you unlock success in the evolving landscape of cloud infrastructure, platforms, and services. Download our latest Growth Perspectives to access detailed intelligence on emerging megatrends, disruptive technologies, and competitive strategies for long-term success in the cloud industry.

    Download now to delve into the latest growth opportunities and best practices in the dynamic cloud ecosystem.

    The post Accelerating Digital Transformation with Hybrid Cloud, Innovative Cloud Migration Strategies, and Cloud Security Best Practices appeared first on Frost & Sullivan.

    ]]>
    Cross-industry Collaboration will be Critical as European Automakers Realign Strategies Around Software-Defined Vehicles (SDVs) https://www.frost.com/growth-opportunity-news/european-automakers-realign-strategies-around-software-defined-vehicles-sdvs/ Fri, 25 Oct 2024 12:28:02 +0000 https://www.frost.com/?p=22992798 Transition from traditional vehicle architectures to software-centric designs will require automotive OEMs in Europe to forge strategic partnerships and build an ecosystem that fosters innovation while reducing the cost, time, and complexity of product development.

    The post Cross-industry Collaboration will be Critical as European Automakers Realign Strategies Around Software-Defined Vehicles (SDVs) appeared first on Frost & Sullivan.

    ]]>
    By Thirumalai Narasimhan, Industry Analyst – Mobility

    Software-defined vehicles (SDVs) are revolutionizing the automotive industry, shifting the focus from mechanical features to software-driven innovations like driver assistance, connectivity, and convenience services. As electrification, autonomous driving (AD), shared mobility, and connectivity converge, OEMs are transitioning from traditional vehicle architectures to software-centric designs. This transformation mirrors the mobile phone industry’s evolution, with vehicles now offering continuous updates and upgrades throughout their lifecycle. Over-the-air (OTA) updates enable real-time enhancements, from safety features to infotainment, creating new revenue streams through feature-on-demand (FoD) services and fostering stronger, ongoing relationships between automakers and customers.

    To learn more, please access: Benchmarking of European OEM Software-defined Vehicle Strategies, 2024, Benchmarking of North American OEM Software-defined Vehicle Strategies, 2024, Benchmarking Asian OEMs Software-defined Vehicle Strategies, 2024, Passenger Vehicle Feature on Demand (FoD) Market, Global, 2024-2030, or contact sathyanarayanak@frost.com for information on a private briefing.

    The Innovators

    BMW stands as an industry pioneer in SDVs, shaping the future with cutting-edge technological advancements. The company’s strategic focus on both hardware and software innovation underscores its leadership role in the evolving electric vehicle (EV) space. A prime example of BMW’s innovation is its Neue Klasse platform, set for deployment in 2025. This platform will feature a zonal electrical/electronic (E/E) architecture designed to optimize vehicle performance and meet the increasing demands of electric mobility.

    BMW’s hardware strategy revolves around developing this zonal architecture to support new battery technologies and enhance vehicle capabilities. Notably, BMW integrates in-house expertise with select partners for the development process, ensuring a seamless collaboration for high-quality outcomes. The Neue Klasse platform will be instrumental in accommodating a range of EVs, including sedans and SUVs, with an ambitious rollout of multiple models between 2025 and 2027. These innovations will cover a spectrum of vehicles from the BMW iX3 to high-performance models under the M brand.

    On the software side, BMW has long been a trailblazer, with in-house software development dating back nearly two decades. This experience positions the company as a leader in integrating software with hardware for optimized vehicle performance. BMW’s commitment to a software-defined future is evident in its collaborations with major players like Qualcomm and Arriver. Together, they are advancing AD software functions, leveraging BMW’s comprehensive software toolkit. By 2025, the Neue Klasse platform will also offer OTA software and firmware updates, ensuring vehicles remain at the forefront of technological advancements throughout their lifecycle.

    The Fast Followers

    Mercedes-Benz, along with Volkswagen, falls into the category of fast followers, demonstrating rapid progress in both hardware and software development for SDVs. While not as pioneering as BMW, Mercedes-Benz has shown a clear commitment to catching up with industry leaders. The company’s hardware strategy focuses on launching new-generation platforms like the MMA, MB.EA, and AMG.EA, all of which will feature domain controller architecture by 2025. Mercedes-Benz has opted for a “clean slate” approach to its architecture, collaborating closely with Tier 1 suppliers for the hardware while developing software capabilities in-house.

    At the core of Mercedes-Benz’s SDV initiative is MB.OS, a software platform designed to offer the company full control over the user experience, data privacy, and vehicle function integration. By building MB.OS in-house, Mercedes-Benz ensures it can deliver a consistent brand experience across its vehicle lineup while maintaining the flexibility to integrate third-party applications. The group’s strategic partnerships with NVIDIA, Luminar, and Google illustrate its reliance on external expertise to supplement its in-house capabilities, particularly in the field of AD and advanced driver assistance systems (ADAS).

    Mercedes-Benz has committed over $2.8 billion to software research and development, demonstrating the company’s determination to be at the forefront of vehicle software innovation. By focusing on critical systems like AD, the company is positioning itself to monetize its vehicle platforms while leaving less essential systems in the hands of its suppliers. This strategy allows Mercedes-Benz to rapidly innovate while managing costs and risks associated with full-scale in-house development.

    The Followers

    Stellantis, together with other automakers like Renault-Nissan-Mitsubishi (RNM) and Volvo, falls into the “followers” category when it comes to SDV capabilities. While not at the cutting edge of innovation, these automakers are, nevertheless, taking significant steps to catch up with leaders like BMW and Mercedes-Benz. Stellantis’ strategy involves developing domain controller architecture, scheduled for deployment across all its brands starting in 2024. Although this hardware architecture is still under development, the company is laying the groundwork to scale its SDV capabilities across its diverse vehicle portfolio.

    Unlike the innovators and fast followers, Stellantis relies heavily on partnerships to advance its SDV initiatives. Its collaborations with Foxconn, Amazon Web Services (AWS), and Qualcomm illustrate a strategy of leveraging external expertise to build robust software solutions and backend infrastructures. Stellantis is also co-developing its hardware and software using available toolkits and selectively sourced components for its STLA Brain platform. This selective sourcing allows Stellantis to retain control over critical aspects of the operating system while benefiting from plug-and-play solutions that accelerate the development process.

    With a $1 billion investment earmarked for software development, Stellantis aims to extend its SDV capabilities across all its brands. The company’s long-term goal is to achieve economies of scale, utilizing partnerships to gradually develop a fully integrated SDV platform. Stellantis’ focus on collaboration and incremental development ensures that it will remain competitive in the evolving SDV landscape even as the company’s strategic partnerships and long-term planning suggest that it is positioning itself to be a formidable player in the SDV market over the next decade.

    Our Perspective

    As SDVs become the norm, the automotive industry must adopt a collaborative approach to meet the rising demands for advanced electronic components and systems. Partnerships with semiconductor companies and tier suppliers will help OEMs develop optimized components and control units that address the growing computing power requirements of modern vehicles.

    The FoD business model represents a promising growth area. As telematics becomes standard, automakers can capitalize on new revenue streams through subscription-based services and aftersales offerings. Creative packaging and intelligent pricing models will enable OEMs to generate recurring income, transforming them from vehicle sellers into content providers. Both premium and mass-market automakers will need to prioritize FoD to cater to evolving consumer needs and secure long-term revenue.

    Cross-industry collaboration will be critical. OEMs should work closely with tech companies to develop cutting-edge solutions, reducing the cost, time, and complexity of product development. While the automotive industry has long product cycles, tech companies operate with agility and rapid innovation. This collaboration can bridge the gap between these industries, allowing OEMs to tap into external expertise and build an ecosystem that fosters innovation.

    With inputs from Amrita Shetty, Senior Manager, Communications & Content – Mobility

    The post Cross-industry Collaboration will be Critical as European Automakers Realign Strategies Around Software-Defined Vehicles (SDVs) appeared first on Frost & Sullivan.

    ]]>
    Are you leveraging environmental credits and innovative sustainability strategies to drive growth? https://www.frost.com/growth-opportunity-news/energy-environment/environment-sustainability/are-you-leveraging-environmental-credits-and-innovative-sustainability-strategies-to-drive-growth-cim-ma/ Fri, 25 Oct 2024 05:24:02 +0000 https://www.frost.com/?p=22992792 Frost & Sullivan’s Sustainability and Circular Economy webinar series explored the theme ‘Evolving Policies Driving Growth in the Environmental (Carbon, Water, and Materials) Credits Platforms Industry.’ Led by experts in the field, the session explored the global environmental credits landscape, examining compliance and voluntary segments, megatrends, and cutting-edge technologies. The panel included Fredrick Royan, Growth […]

    The post Are you leveraging environmental credits and innovative sustainability strategies to drive growth? appeared first on Frost & Sullivan.

    ]]>
    Frost & Sullivan’s Sustainability and Circular Economy webinar series explored the theme ‘Evolving Policies Driving Growth in the Environmental (Carbon, Water, and Materials) Credits Platforms Industry.’ Led by experts in the field, the session explored the global environmental credits landscape, examining compliance and voluntary segments, megatrends, and cutting-edge technologies.

    The panel included Fredrick Royan, Growth Expert and Global Practice Area Leader at Frost & Sullivan; Julieta Páez, Growth Expert and Research Analyst at Frost & Sullivan; Martina Girvan, Head of Ecology and Arboriculture and Natural Capital Community of Practice at Arcadis; Juan David Duran Hernandez, Executive Director at EcoRegistry; Braham Singh, Founder & Executive Chairman at Verdana; and Mark Shepherd, Product Manager – Smart Water Solutions at GWF.

    Note: Gain valuable perspectives from these industry experts by clicking here to access the recorded session of the webinar.

    Key growth opportunities highlighted during the Think Tank are:

    Improving Access to Carbon Markets: Streamlining entry processes for communities and project developers into carbon markets, ensuring transparency and robust due diligence to foster broader participation in carbon credit trading.

    Is your organization adopting best practices to maximize growth opportunities in the carbon landscape?

    Strengthening Data Integrity: Implementing standardized data management systems that facilitate traceability and accountability across environmental credit transactions, enhancing trust among stakeholders.

    What disruptive technologies is your organization adopting to improve accountability and transparency in environmental credit transactions?

    Integrating Holistic Solutions: Embracing multifaceted approaches by combining nature-based and technology-driven strategies to optimize environmental performance and enhance corporate accountability.

    How is your organization integrating technology and sustainability strategies to enhance environmental performance?

    Collaborative Partnerships for Impact: Fostering robust partnerships with diverse stakeholders to leverage shared knowledge and resources, driving successful climate interventions and sustainable outcomes.

    What strategic partnerships is your organization pursuing to enhance its competitive edge in climate initiatives?

    “To truly address the climate crisis, we must ensure transparency, accountability, and collaboration across the entire carbon market ecosystem.”

    – Martina Girvan

      Head of Ecology and Arboriculture and Natural Capital Community of Practice Arcadis

    The post Are you leveraging environmental credits and innovative sustainability strategies to drive growth? appeared first on Frost & Sullivan.

    ]]>
    Revolutionizing the Future: Unlocking Business Models in Homes and Buildings for Competitive Advantage https://www.frost.com/growth-opportunity-news/energy-environment/homes-buildings/revolutionizing-the-future-unlocking-business-models-in-homes-and-buildings-for-competitive-advantage-cim-ma/ https://www.frost.com/growth-opportunity-news/energy-environment/homes-buildings/revolutionizing-the-future-unlocking-business-models-in-homes-and-buildings-for-competitive-advantage-cim-ma/#respond Fri, 25 Oct 2024 05:07:59 +0000 https://www.frost.com/?p=22992782 By Frost & Sullivan

    The post Revolutionizing the Future: Unlocking Business Models in Homes and Buildings for Competitive Advantage appeared first on Frost & Sullivan.

    ]]>
    As the world grapples with rapid technological advancements and shifting consumer demands, the homes and buildings industry finds itself at a pivotal crossroads. Traditional approaches are giving way to groundbreaking business models that not only ensure survival but enable companies to thrive in an increasingly competitive landscape. Leaders are recognizing the necessity of thinking outside the box to harness innovation and sustainability, actively transforming challenges into strategic opportunities.
     
    Navigating Challenges: Strategic Imperatives for Success
    As the industry evolves, companies are facing several critical challenges. Labor shortages are creating a scarcity of both skilled and unskilled workers, complicating project execution and driving up operational costs. Simultaneously, volatility in material costs adds another layer of uncertainty, making it difficult for organizations to maintain profitability. Coupled with rising inflation and credit rates, customers are becoming increasingly price-conscious, prompting businesses to rethink their strategies. In this complex landscape, organizations are navigating these hurdles while exploring innovative approaches and collaborative models to adapt to the changing environment.

    Growth Opportunities: Harnessing New Business Models

    Despite these challenges, new avenues for growth are emerging. As organizations adapt to the evolving landscape, several promising business models are emerging, offering significant growth opportunities. Let’s delve into a few these innovative business models:

    1. Energy-as-a-Service (EaaS)

    This model allows building owners to delegate energy management to third-party providers, covering procurement, efficiency upgrades, and renewable solutions. Data analytics optimizes usage and identifies savings, delivering measurable benefits to clients.

    1. Software-as-a-Service (SaaS)

    SaaS platforms in the homes and buildings industry offer cloud-based solutions for management, energy optimization, and tenant engagement. Integrated data analytics provide actionable intelligence into energy management, maintenance, and occupant experience.

    Circular Economy Initiatives

    Cisco targets 100% of its products and packaging to align with Circular Design Principles by 2025, with 23% achieving this in 2023. The goal includes using 50% recycled plastic in its products, with 24% progress reported.

    Siemens is promoting sustainability through circular business models, including product-as-a-service (PaaS), focusing on extending product life and minimizing waste.

    1. Lighting-as-a-Service (LaaS)

    The lighting industry is transitioning towards LaaS, offering customizable lighting solutions that adapt to user needs. This model promotes sustainability while enhancing customer value.

    By embracing new business models focused on innovation and sustainability, companies can unlock revenue streams and enhance customer engagement. This shift can transform their operational ecosystem and position them for long-term success in an increasingly competitive business landscape.

    Transforming Business Models Through Data
    In light of these emerging models, data is at the forefront of business model transformation. Companies are actively investing in advanced data analytics capabilities and forging strategic partnerships with technology providers and academic institutions. Key aspects of this transformation include:

    Investment in Data Analytics: Organizations are channelling resources into advanced analytics to harness data insights, enabling more informed decision-making and enhancing operational efficiency.

    Strategic Partnerships: By collaborating with technology providers and academic institutions, companies gain access to innovative tools and expertise, fostering a culture of continuous improvement and adaptation to market changes.

    Performance Contracting: Energy Service Companies (ESCOs) have been using performance contracting to finance upfront costs while guaranteeing energy savings. This model enhances financial viability and improves building performance through precise data analytics, ensuring accurate quantification of savings and promoting sustainable operations. Moreover, other service-oriented businesses, such as facility management, building automation, and software providers, are increasingly adopting this business model.

    Conclusion
    The homes and buildings industry stands at a pivotal moment, with the adoption of innovative business models becoming increasingly important for success. Companies are not only navigating challenges such as labor shortages and material cost volatility but are also recognizing the opportunities that lie within sustainability and digital transformation. By exploring and implementing effective business models, organizations can position themselves to gain a competitive edge, aligning with current demands and contributing to a more sustainable future. Though the journey of transformation may be complex, the potential rewards for those who embrace adaptability and innovation are considerable.

    About Frost & Sullivan
    Frost & Sullivan, the growth pipeline company, helps clients accelerate growth and achieve industry leadership through innovative strategies and best practices. Our ‘Growth Pipeline-as-a-Service’ provides transformative strategies for evaluating and implementing growth opportunities in the power and energy sector. Let us guide you on your transformational journey with four powerful components:

    • Schedule a Growth Dialog to explore transformative strategies and address specific needs within your organization.
    • Become a Frost Growth Expert in your specialization and contribute your expertise through our think tanks.
    • Join Frost & Sullivan’s Growth Council to be part of a dynamic community focused on identifying growth opportunities and tackling critical industry challenges.
    • Designate Your Company as a Companies to Action to enhance exposure to investors, M&A opportunities, and other growth prospects.

    The post Revolutionizing the Future: Unlocking Business Models in Homes and Buildings for Competitive Advantage appeared first on Frost & Sullivan.

    ]]>
    https://www.frost.com/growth-opportunity-news/energy-environment/homes-buildings/revolutionizing-the-future-unlocking-business-models-in-homes-and-buildings-for-competitive-advantage-cim-ma/feed/ 0