TechDogs

  The global Internet of Things (IoT) market is projected to witness substantial growth, increasing by an estimated USD 1,036.83 billion from 2022 to 2027, with a remarkable CAGR of nearly 15.12% throughout the forecast period. This surge is attributed to the widespread adoption of industrial automation, where the integration of digital and physical systems enhances machine-to-machine (M2M) communication and human-machine interfaces (HMI). The industrial sector, valued at USD 168.54 billion in 2017, foresees significant market share growth driven by IoT technology, enabling enhanced productivity and global competitiveness.   Technavio has segmented the market based on application (Industrial, Retail, Healthcare, ICT, and Others), technology (RFID, Sensors, NFC, Cloud services, and Others), and geography (APAC, North America, Europe, Middle East and Africa, and South America). The industrial sector, with its focus on IoT technology, is anticipated to drive substantial market sh...

FORE Protocol has introduced FORE Predict, a decentralized prediction platform set to launch on November 30 at 12 pm UTC. Unlike traditional prediction markets, FORE Predict is 'people-powered,' leveraging crowd wisdom for forecasting and validating events. The platform provides users with control over all aspects of a prediction market, including creation, determining odds, and validating results. This user-driven ecosystem is supported by a revenue-share model, fostering transparency and value generation. FORE Predict, built on the FORE Protocol web3 platform, allows global users to create markets and forecast outcomes across various events, from sports and politics to financial markets. The platform employs decentralized validation through user-created markets and independent validators, ensuring accuracy and transparency. FORE further solidifies its commitment to decentralization through partnerships with UMA Optimistic Oracle and PAAL AI. FORE Predict's unique fee redi...

  Altair , a global leader in computational science and AI, has announced significant updates to its Altair RapidMiner data analytics and AI platform. These upgrades aim to enhance integration, power, and usability, solidifying RapidMiner's position as a comprehensive, end-to-end offering in the data analytics and AI sector. The platform now provides a more user-friendly experience with powerful low- and no-code capabilities for users of all skill levels.   Key advancements include tools for integrating large language models (LLMs) into business applications, offering generative AI capabilities. Altair RapidMiner's ecosystem now supports embedded AI solutions with generative capabilities, allowing users to customize large language models like ChatGPT based on their specific needs. The platform also incorporates expanded AutoML and no-code development features, supporting automated clustering along with predictive modeling and time series forecasting. The intuitive wizard-base...

  In 2024, Gartner, a global leader in corporate research and advice, identifies key trends shaping Mergers and Acquisitions (M&A). With global M&A activity down 50% from its peak in 2021, Gartner highlights the impact of macroeconomic ambiguity and increasing regulatory challenges. Notably, the report suggests unlocking business opportunities in technology amid economic uncertainty, emphasizing the role of Artificial Intelligence (AI) in streamlining M&A processes. Gartner recommends well-capitalized companies seize the moment by acquiring smaller tech-focused firms with lower valuations. The use of AI is predicted to significantly enhance M&A processes, particularly in contract analytics. Additionally, Gartner anticipates a surge in M&A activities centered around AI-based companies in 2024. However, it warns of increased regulatory oversight potentially hindering large M&A deals, encouraging a focus on smaller, diverse transactions as a competitive advanta...

The industrial robotics services market is poised to grow by USD 7.43 billion from 2022 to 2027, with an anticipated CAGR of 6.9% during this period. Key segments include applications like material handling, welding, soldering, assembly lines, and others, catering to end-users such as healthcare, automotive, food and beverages, and more across regions like APAC, Europe, North America, South America, and the Middle East. The surge in demand for industrial robots, utilized in welding, painting, assembly, cutting, and grinding, is a primary growth driver. Customized robots are increasingly developed by suppliers to meet specific market needs, providing a competitive edge. Key players in this fragmented market include ABB Ltd., FANUC Corp., General Electric Co., and Yaskawa Electric Corp. The report also highlights the trend of technological innovations in industrial robotics services, driven by system integrators leveraging IoT and software platforms. However, challenges such as high init...

Technavio's "Customer Analytics Applications Market" report, spanning 2023-2027, predicts substantial market growth, estimating a USD 13.94 billion difference between 2022 and 2027. ISO 9001:2015 certified Technavio, partnering with 100+ Fortune 500 firms for over 16 years, identifies SMEs' increased adoption of customer analytics as a key growth driver. With a focus on a customer-centric approach, SMEs handle extensive customer data, necessitating real-time storage, management, and processing. However, data integration issues pose a significant challenge, as diverse data types, storage methods, and IT architectures hinder seamless migration and interoperability.   The report details market segmentation by end-users (Retail, BFSI, Telecom and IT, Healthcare, and Others), deployment (On-premise and Cloud), and geography (North America, Europe, APAC, South America, and Middle East and Africa). Notably, the retail segment is expected to show significant growth, drive...

  For the second consecutive year, Orbus Software has achieved the status of Leader in the 2023 Gartner Magic Quadrant for Enterprise Architecture Tools. The report assessed 15 vendors, positioning Orbus Software as a Leader based on its strong 'Ability to Execute' and 'Completeness of Vision.' The Magic Quadrant categorizes companies into Niche Players, Visionaries, Challengers, and Leaders, with Leaders demonstrating excellence in current execution and future positioning.   Gareth Burton, CEO at Orbus Software, expressed satisfaction with the recognition, attributing it to the team's dedication and the success of their product suite, particularly emphasizing their cloud platform, OrbusInfinity. The acknowledgment reinforces Orbus Software's commitment to aiding customers in successful digital transformation amid global demand for enterprise architecture solutions. The 2023 Gartner Magic Quadrant for Enterprise Architecture Tools report is available for review,...

Fosun International Limited (00656: HKEX) was honored with the "Excellence in Environmental Positive Impact Commendation" at the Hong Kong ESG Reporting Awards 2023. Acknowledged for its robust green management practices, Fosun earned acclaim for its environmental contributions locally and globally. The prestigious Hong Kong ESG Reporting Awards, supported by key governmental and industry entities, spotlight corporate sustainability achievements.   Fosun's commitment to ESG, notably environmental initiatives, was underscored by its comprehensive ESG management system. In response to global climate challenges, Fosun released its first Task Force on Climate-Related Financial Disclosures report, promoting carbon neutrality and establishing a Carbon Neutrality Committee and Working Group to advance climate goals.   More Information : https://www.techdogs.com/tech-news/pr-newswire/fosun-international-receives-excellence-in-environmental-positive-impact-commendation-at...

  In 2023, the electric vehicle (EV) market continues its remarkable growth, following a 62% increase in electric car sales in 2022 compared to the previous year. IDTechEx predicts a 16% global sales rise for 2023, despite challenges in the plug-in hybrid sector due to subsidy reductions in Germany. EVs are widely acknowledged as the future of the passenger car market. Beyond cars, diverse vehicle segments such as vans, trucks, buses, microcars, construction vehicles, and trains are experiencing electrification. Electrification isn't confined to land vehicles; marine sectors and aerial vehicles like air taxis (eVTOL) are gaining traction. IDTechEx anticipates a moderate 2-fold increase in yearly EV sales across various segments by 2034, with a notable 7.7 times increase in battery demand, driven by cars and other contributing sectors.   Noteworthy trends include the transformation of technology companies into automotive suppliers. Tesla has redefined the car as a consumer elec...

The global cybersecurity in banking market, analyzed in a recent report by Allied Market Research, witnessed a substantial growth trajectory. The report, titled "Cybersecurity in Banking Market," reveals that the market generated $74.3 billion in 2022 and is expected to reach $282 billion by 2032, with a remarkable CAGR of 14.4% during the forecast period from 2023 to 2032.   The growth of the cybersecurity in banking market is attributed to the increasing adoption of critical IT infrastructure and digital transformation within the banking sector. However, the market faces challenges such as a shortage of skilled professionals. Despite this, the development of technologies like artificial intelligence, blockchain, IoT, and 5G in banks and financial institutions presents lucrative opportunities for market expansion.   The report details the market size, CAGR, and key drivers, opportunities, and restraints influencing the cybersecurity in banking market. It also provide...

  The IPaaS (Integration Platform as a Service) market is projected to witness substantial growth, with an estimated increase of USD 10.25 billion from 2022 to 2027, progressing at a CAGR of 25.97%. Geographically, the global IPaaS market is segmented into North America, Europe, APAC, the Middle East and Africa, and South America. North America is anticipated to hold a significant share, around 38%, during the forecast period, attributing its dominance to a robust demand for efficient integration and connectivity solutions.   The IPaaS market is characterized by a fragmented vendor landscape, featuring global and regional players like Boomi, Microsoft, Oracle, SAP, and others. The market's segmentation includes service types such as API management , B2B integration, data integration, and cloud integration, with the API management segment expected to exhibit substantial growth. Key driving factors include increased digital transformation initiatives and a growing trend towards...

On the evening of November 10, 2023, Fosun International Limited (stock code: 00656) was honored at "The Asset ESG Corporate Awards 2023" held at the Four Seasons Hotel Singapore. The prestigious Asian financial magazine, The Asset, awarded Fosun International the "Platinum Award," recognizing its outstanding performance in financial, governance, social responsibility, and environmental aspects. Additionally, Fosun received accolades for the "Best Sustainability Team" and "Best Investor Relations Team." Fosun's subsidiary, Hainan Mining, was recognized for the "Best Initiative in Environmental Responsibility."   This recognition comes within the framework of "The Asset ESG Corporate Awards," a long-standing and prominent environmental, social, and governance (ESG) awards program in the Asia-Pacific region. Fosun's Platinum Award places it in the company of other esteemed recipients, including Bank of China (Hong Ko...

XREX, a blockchain-based financial institution specializing in cross-border payments in emerging markets, has received in-principle approval for a Major Payments Institution (MPI) License from the Monetary Authority of Singapore (MAS). The MPI license allows the provision of Digital Payment Token (DPT) services, aligning with the Payments Services Act 2019.   This approval positions XREX alongside a select group of approved entities including Coinbase, DBS Vickers, Circle, Paxos, Ripple, and Revolut. Christopher Chye, XREX Singapore CEO, emphasized the significance of MAS approval, highlighting the stringent regulatory standards and Singapore's commitment to attracting responsible actors.   The MPI license will enable XREX Singapore to expand its crypto-friendly escrow payment tool, BitCheck, to support fiat, stablecoins, and cryptocurrencies. Serving as the Asia Pacific headquarters for the group, XREX Singapore plans to strengthen partnerships with major banks, credi...

LG Electronics has received over 30 CES® 2024 Innovation Awards, showcasing its technological and design prowess in Home Appliance, Home Entertainment, and B2B categories. Two Best of Innovation Awards were granted for LG OLED TVs. Awarded by the Consumer Technology Association (CTA), the CES Innovation Awards recognize outstanding consumer products and services across various technology sectors.   Among the accolades, LG TVs, including 12 for LG OLED, secured 15 awards, marking the 12th consecutive year of recognition. LG's OLED TVs, known for their exceptional picture quality with vibrant colors, deep blacks, and infinite contrast, have maintained their innovative edge. LG offers an extensive range of OLED TVs, including unique form factors and screen sizes from 42 to 97 inches.   Other recognized innovations span LG Home Entertainment, with awards for LG Soundbars, XBOOM Portable Speakers, and Smart TV webOS apps. In Home Appliances, LG SIGNATURE Washer & Dryers...

  Astellas Pharma Inc. and Propella Therapeutics, Inc. have entered into a merger agreement, marking a significant development in the field of digital wealth management. Through its U.S. subsidiary, Astellas will acquire Propella, a privately held biopharmaceutical company renowned for its innovative platform that combines medicinal chemistry with lymphatic targeting to create new oncology drugs.   The centerpiece of this collaboration is the acquisition of Propella's flagship product, PRL-02 (abiraterone decanoate), a next-generation androgen biosynthesis inhibitor designed for the treatment of prostate cancer. PRL-02, currently in a Phase 1 clinical trial with Phase 2a trials expected in 2024, is a long-acting prodrug of abiraterone. It offers the potential for improved efficacy and safety through high CYP17 lyase inhibition selectivity.   Naoki Okamura, President and CEO of Astellas, highlighted the strategic fit of this acquisition, aligning with Astellas' com...

Amorepacific has secured its fifth consecutive win at the Consumer Electronics Show (CES) 2024 Innovation Awards, this time in the Digital Health category. The awarded innovation, 'Lipcure Beam,' is a revolutionary beauty tech device that integrates lip diagnosis, care, and makeup functionalities into a single unit.   The 'Lipcure Beam' cap, housing a precision sensor, conducts on-the-spot lip diagnostics by instantly detecting moisture levels when applied to the lips. Upon separation from the container, a makeup tool is revealed. Depending on the diagnostic results, the brush-like cosmetic applicator emits customized visible light, leveraging a light-responsive material developed at the Amorepacific R&I Center. This material interacts with the emitted light, enhancing the response of riboflavin, a natural vitamin, thereby fortifying collagen fibers within the lips and creating a moisturizing barrier.   Notably, the technology embedded in 'Lipcure Beam...

Chubb, the world's largest publicly traded property and casualty insurance company, has unveiled a new developer portal for its award-winning global integration technology, Chubb Studio®. The portal is designed to simplify access and testing of Chubb's digital insurance products and capabilities for its B2B2C partner companies. With an emphasis on customization and development agility, the portal provides a centralized platform for partners to explore Chubb's digital insurance APIs, mobile SDKs, and microsites. Developers can leverage the portal to build and test digital insurance campaigns, offering a sandbox environment for real-time application testing.   Sean Ringsted, Chief Digital Business Officer at Chubb, highlighted the portal's role in showcasing Chubb's brand strength, product diversity, and technological capabilities to distribution partners. The developer portal, part of Chubb Studio, underlines the company's commitment to providing a superior e...

  Coda Payments has unveiled Custom Commerce, a direct-to-customer (D2C) web store solution designed to empower publishers, allowing them to connect, sell, and scale their businesses more effectively. Recent research suggests that a publisher currently generating 10% of revenue through its web store could triple this figure by 2024. The key driver behind this anticipated growth is the control over data provided by owned web stores. By directly owning and managing customer data, publishers gain insights into audience behaviors, preferences, and buying patterns, enabling more informed decision-making.   Coda's Custom Commerce is fully customizable, offering publishers a solution that allows them to tap into significant growth opportunities while retaining the unique look and feel of their brand. The platform emphasizes data ownership, ensuring publishers maintain control over the checkout process and have access to invaluable customer data.   The solution goes beyond a pers...

  MSI, a leading global server provider, is showcasing its latest GPU and CXL memory expansion servers at SC23, highlighting their optimization for enterprises and data centers. Powered by AMD EPYC™ processors and 4th Gen Intel® Xeon® Scalable processors, these servers address the escalating demand for data center compute performance amidst the exponential growth of data. The featured liquid cooling trend is a key focus, offering a well-balanced hardware foundation for modern data centers. MSI introduces GPU platforms for HPC and AI markets, such as the G4201 supercomputer and the G4101 designed for AI inference computing. Additionally, two Compute Express Link (CXL) memory expansion servers, the S1301 and S2302, cater to data-intensive workloads and in-memory databases, showcasing MSI's commitment to innovation in the server domain. More Information : https://www.techdogs.com/tech-news/pr-newswire/msi-introduces-new-ai-server-platforms-with-liquid-cooling-feature-at-sc23

Technavio has introduced a comprehensive report on the Communication Platform-as-a-Service (CPaaS) Market, partnering with over 100 Fortune 500 companies for over 16 years. The report forecasts a potential growth difference of USD 10.19 billion in the CPaaS market between 2021 and 2026, with North America leading at 64% growth. The US is identified as a key player in the North American CPaaS market. The market driver is streamlined application management, with CPaaS offering flexibility and efficiency in driving business growth. However, security concerns related to the public cloud pose a challenge, potentially impacting CPaaS market growth. The report delves into market segmentation, key companies such as 8x8 Inc., Twilio Inc., and drivers, challenges, and trends shaping the CPaaS landscape. Technavio's expertise in technology research aims to guide businesses in identifying market opportunities and developing effective strategies to optimize their positions in evolving market sc...

  VMware has announced a strategic collaboration with Intel to bolster their two-decade-long history of innovation, with a focus on accelerating the adoption of artificial intelligence (AI) and enabling the widespread use of private AI. This partnership aims to facilitate the integration of AI solutions across data centers, public clouds, and edge environments. VMware and Intel are working together to provide a jointly validated AI stack that enables customers to harness their existing general-purpose infrastructure and open-source software to simplify the development and deployment of AI models.   The combination of VMware Cloud Foundation and Intel's AI software suite, powered by Intel Xeon processors featuring built-in AI accelerators, as well as Intel Max Series GPUs, will deliver a validated and benchmarked AI stack. This stack will support various AI-related processes, including data preparation, model training, fine-tuning, and inferencing, ultimately speeding up sc...

  TrueTMS, a modern Software-as-a-Service (SaaS) transportation management system tailored for small fleet owners, has entered into a strategic partnership with 123Loadboard, a prominent freight matching platform. This collaboration aims to provide TrueTMS users with seamless access to 123Loadboard's expansive freight marketplace, offering them an array of tools and resources to enhance their transportation operations.   TrueTMS carrier members will benefit from this partnership by gaining access to 123Loadboard's comprehensive freight marketplace. This marketplace enables them to efficiently find and book a greater number of loads, thereby bolstering their operations. The collaboration also facilitates real-time visibility of current lane rates through multiple automated pricing tools, streamlining the negotiation process with brokers. In addition, TrueTMS carrier members will have access to a profit calculator to aid in their negotiations and forecast load income. They c...

  Acceptance Insurance, a prominent provider of personal auto insurance and related products, has been honored with the 2023 Public Relations and Marketing Excellence Award by the Business Intelligence Group. This prestigious recognition celebrates marketing departments that effectively promote brand stories, accelerating brand growth. Headquartered in Nashville, Acceptance Insurance's marketing team supports sales, customer retention, and market expansion efforts across 250 retail locations in 13 states. Executive Vice President Ken Hampton commended the team's innovative approach in sharing the brand's story, emphasizing their mission to assist hardworking individuals facing life uncertainties. The team's metrics-driven strategies for over 600 sales agents have forged a robust partnership, enabling the sales team to embody the brand's values and execute successful marketing initiatives at the local level. This award reflects Acceptance Insurance's commitment t...

  GC Biopharma, in collaboration with the Korea Disease Control and Prevention Agency (KDCA), has submitted "GC1109" for marketing approval to the Korean Ministry of Food and Drug Safety (MFDS). This anthrax vaccine is the world's first of its kind, developed using recombinant DNA technology, with protective antigen (PA) as its primary ingredient, targeting the lethal and edema factors of anthrax toxins.   The Phase II clinical trial demonstrated the vaccine's safety and effectiveness in generating neutralizing antibodies against anthrax toxins in healthy volunteers. Due to ethical constraints, human efficacy studies are not feasible. Therefore, GC Biopharma utilized animal efficacy data under the "Animal Rule" to support the vaccine's effectiveness, where GC1109 induced high levels of neutralizing antibodies, providing substantial evidence for its clinical benefit.   GC Biopharma's commitment to localizing the anthrax vaccine for public health and n...

  AndaSeat and FlyQuest are set to launch a groundbreaking collaboration, introducing the FlyQuest Edition Gaming Chair on January 15, 2024. This product line represents a fusion of ergonomic luxury and high-performance gaming. The chair promises supreme comfort, combining high-density foam, lumbar support, and a breathable mesh back for a fatigue-free gaming experience. The aesthetic elegance of the chair, featuring FlyQuest branding, is complemented by adjustable features and sturdy construction for endurance. Additionally, the FlyQuest Edition Gaming Desk offers a stable, spacious surface, ergonomic design, ambient lighting, and efficient cable management, designed to elevate the gaming experience. The collaboration aims to redefine gaming comfort and functionality, ensuring gamers not only play but excel in their pursuits, showcasing the meticulous integration of features supporting gaming excellence.   AndaSeat, a prominent global manufacturer of gaming chairs, desks, and...

  BB Energy Asia, a subsidiary of BB Energy Group Holding Ltd, has successfully closed a USD210 million Secured Digital Borrowing Base facility to bolster its Asian trading business's working capital needs. This 364-day facility, guaranteed by BB Energy Group, represents the Group's initial digital borrowing base facility outside the USA. Oversubscribed and eventually closed at USD210 million, the facility caters to import finance, inventory funding, and hedging positions under BB Energy Asia. Natixis CIB Singapore leads as the Facility and Security agent, with other participants including APICORP, MUFG Bank Ltd Singapore, and others. This milestone closing reflects confidence in BB Energy Group's creditworthiness and business outlook. The facility's launch signifies strong banking partner relationships, anchored in financial strength, strategy, and responsible trading. BB Energy emphasizes a commitment to digitalization, partnering with KOMGO and SGTraDex to enhance ...

  Session AI, a trailblazer in in-session marketing, has achieved the esteemed recognition as a Most Loved Workplace® by a top leadership development and benchmark research firm. This distinguished certification acknowledges Session AI's commitment to fostering an inclusive, motivating environment for its global workforce. This designation places Session AI in contention for the prestigious Newsweek 2024 Top 100 Most Loved Workplaces ranking. Best Practice Institute (BPI) awarded Session AI the Most Loved Workplaces certification based on its high scores on the Love of Workplace Index™. This index measures employee satisfaction, considering aspects such as respect, collaboration, support, and the sense of belonging within the company. This certification showcases Session AI's dedication to creating an exceptional workplace culture. Debjani Deb, the CEO and co-founder of Session AI, expressed deep gratitude for the team's dedication, attributing the company's success and...

  Treehouse, a prominent Web3 company specializing in translating digital assets data into actionable insights for professional investors and institutions, has announced its acquisition of Origins Analytics' intellectual property (IP) to strengthen its non-fungible token (NFT) product offerings. Origins Analytics, an enterprise-level NFT analytics platform that raised US$4 million in 2022, brings a community of over 10,000 users. Their software harnesses both on- and off-chain data to empower seasoned NFT traders, protocols, and game studios in making informed decisions. Treehouse's acquisition of Origins signifies the integration of Origins' technology, including tools like AlphaStream, NFT Analytics Bots, and NFT Wallet Profiling API, into Treehouse's suite of products. These tools will provide users of Treehouse's flagship product, Hyperion, with enhanced analytics, enabling a deeper understanding of NFT trading volumes, social sentiment, and holder behavior ...