Friday, 15 September 2023

Planview Unveils Advanced Generative AI Assistant For Connected Work

 


A user queries Planview Copilot: "What should I be worried about?" Instantly, Planview Copilot delivers a list of items, flagging issues like team overload. (Photo: Business Wire)


KUALA LUMPUR, Sept 13 (Bernama) -- Planview, a leader in Portfolio and Value Stream Management has launched Planview Copilot, an advanced generative artificial intelligence (AI) assistant for connected work, at its annual flagship customer event, Planview Accelerate.

Trained using a unique and comprehensive data set, Planview Copilot accesses operational insights across Portfolio Management, Value Stream Management, and Agile Planning and Delivery to accelerate insights and action data-driven, strategic decision-making via a conversational interface.

Its Chief Executive Officer, Razat Gaurav said Planview Copilot leverages all the relevant data across project and product initiatives and brings insights, decision support, and actions through a simple, conversational interface.

“This is an important evolution in our journey from being a system of record to becoming a system of insights for digital transformations,” he said in a statement.

Planview Copilot taps into an extensive ecosystem of operating data that other AI assistants in the market cannot access.

Combined with methodologies such as Planview’s Flow Methodology and Agile Principles, this collective intelligence enables Planview Copilot to coach and mentor, identifying bottlenecks and offering solutions along the strategy-to-execution journey.

Furthermore, using natural language processes to interact with teams and individuals conversationally, Planview Copilot simplifies complex data insights and provides clear choices and recommendations for decision-makers across all levels of the organisation.

Slated to be available in fourth quarter of this year, the Planview Copilot announcement comes on the heels of the company's summer launch of Digital Products Insights, an industry-first convergence of Portfolio Management, Agile Planning and Value Stream Management.

-- BERNAMA


Thursday, 14 September 2023

BEST'S MARKET SEGMENT REPORT: OPERATING PERFORMANCE, RETRO COST DRIVE ASIAN REINSURER STRATEGIES

HONG KONG, Sept 11 (Bernama-BUSINESS WIRE) -- Despite a sharp increase in catastrophe losses outside their home markets and a challenging investment environment, major Asia-Pacific reinsurance companies still managed to deliver strong year-over-year net premium growth of 8.1% in 2022, according to a new AM Best report.

The Best’s Market Segment Report, “Operating Performance, Retro Cost Drive Asian Reinsurer Strategies”, is part of AM Best’s look at the global reinsurance industry in concert with the Rendez-Vous de Septembre in Monte Carlo. Additional reports, including AM Best’s annual ranking of the Top 50 global reinsurance groups and in-depth looks at the insurance-linked securities, Lloyd’s, life/annuity, health and regional reinsurance markets, are available at Best’s Research.

According to this report, which is based on the operating performance of a group of selected Asia-Pacific-domiciled reinsurers that rank among the top 50 largest reinsurance groups globally, reinsurers sustained the ability to deliver stable operating and combined ratios in 2022. The composite’s net income fell to USD 166 million in 2022 from USD 688 million in 2021, while return on equity also declined significantly, to 1.8% in 2022 from 7.0%. However, the combined ratio of reinsurers in the Asia-Pacific composite improved slightly to 100.8 in 2022 from 101.1 in the previous year, lower than the five-year average of 101.0.

“With a higher cost of capital and a challenging investment environment in 2022, Asia-Pacific reinsurers maintained their underwriting discipline in 2023 renewal to ensure a reasonable profit margin and adjust pricing in proportional treaties to improve performance,” said Christie Lee, senior director, head of analytics, AM Best. “Primary insurers also followed this rule, aligning with reinsurance pricing, terms and conditions, which is expected to lead to better revenue and underwriting results for reinsurers.” 

GLOBAL DIGITAL WALLET USERS EXCEED 5 BLN IN 2028 - JUNIPER RESEARCH



KUALA LUMPUR, Sept 13 (Bernama) -- The number of digital wallet users globally will exceed 5.4 billion in 2028; rising from 3.7 billion in 2023, according to a new study from Juniper Research.

According to Juniper Research in a statement, this 46 per cent growth reflects transition towards offering more advanced financial services to drive strong user growth.

Underpinned by a robust scoring methodology, the new Competitor Leaderboard ranked the top 15 leading digital wallet platforms across a number of criteria, including range of payments facilitated, innovation and future business prospects.

The top five leaders for 2023 are Ericsson; Comviva; Huawei; Netcetera; and OpenWay.

The market leaders were identified as offering more advanced financial services through their platforms, widening services their customers can offer and opening up new revenue opportunities.

“Digital wallet services have the opportunity to fulfil a wider role, but ensuring their wallet technology platform offers the right mix of capabilities to fill this role is critical,” said report author Michael Greenwood.

Furthermore, the report highlighted Open Banking as key for digital wallet vendors in developed markets, with Open Banking-facilitated payments offering a low-cost and friction-free alternative to other mechanisms.

Therefore, digital wallet platforms must build partnerships to ensure their customers can offer new, innovative services to drive further growth.

-- BERNAMA 

Wednesday, 13 September 2023

H.I.G. CLOSES US$5.5 BLN FOURTH MIDDLE MARKET LBO FUND



KUALA LUMPUR, Sept 13 (Bernama) -- H.I.G. Capital (H.I.G.), a global alternative asset management firm with US$58 billion of capital under management, has announced the closing of H.I.G. Middle Market LBO Fund IV. (US$1=RM4.67)

In a statement, H.I.G. said the fund closed with aggregate capital commitments of US$5.5 billion, in addition to co-investment separately managed accounts of US$450 million, significantly exceeding its original target.

The fund will build on the team’s deep-rooted track record by primarily making control equity investments in complex situations in the United States (US) middle market companies with asymmetric risk/reward profiles and a differentiated value proposition.

Its co-founders and co-chief executive officers, Sami Mnaymneh and Tony Tamer said: “We are delighted with the continued support from our investors, reflecting the strong performance of the H.I.G. Middle Market team and its differentiated investment approach. We are confident that our unique platform will continue to set us apart in this space.”

Meanwhile, its Middle Market head, Keval Patel said the firm’s scale and operational expertise dedicated to the middle market continue to create a meaningful competitive advantage and allow it to drive significant returns to its investors regardless of the macroeconomic environment.

Supported by H.I.G.'s long-standing investor base and new investors globally, the fund's Limited Partners are a diverse and prestigios group of institutional investors.

Based in Miami, US, H.I.G. specialises in providing both debt and equity capital to middle market companies, utilising a flexible and operationally focused/value-added approach.

-- BERNAMA

LIVE BOARD LEVERAGES NTT DOCOMO'S CARRIER ROAMING DATA TO ENABLE DOOH MEDIA PLANNING, USING INBOUND TOURISTS' BEHAVIORAL ANALYSIS

 AsiaNet 100321

TOKYO, Sept. 13, 2023 /Kyodo JBN-AsiaNet/ --

- Visualizing High Inbound Visitor Dominance in Screen Rankings -
 
LIVE BOARD, INC., an operator of a digital out-of-home (DOOH) ad network that achieves data-driven targeting and effectiveness verification, has successfully utilized NTT DOCOMO's carrier roaming data (roaming ID data) (*1) to analyze information on the location of inbound tourists, finding signs of recent recovery in foreign travelers to Japan (*2). In addition to the existing criteria for out-of-home (OOH) media planning, such as circulation data and reputation of the area concerned, LIVE BOARD has incorporated such analytical data into DOOH media planning (primary analysis) for advertisers, enabling more sophisticated and efficient ad delivery. This is an innovative technology both domestically and internationally.
 
Image1:
https://cdn.kyodonewsprwire.jp/prwfile/release/M105808/202308258518/_prw_PI2fl_I02Yl3xo.jpg
 
 
Image2:
https://cdn.kyodonewsprwire.jp/prwfile/release/M105808/202308258518/_prw_PI3fl_0L63YZ61.png
 
 
Roaming ID data refers to the overseas carrier data obtained when inbound tourists connect to NTT DOCOMO's network. By analyzing the data along with base station location information, it has become possible to understand the characteristics of inbound tourists, including "when," "where," and "which country's visitors" are present, within the DOOH screen of the LIVE BOARD marketplace, covering a total of 26,400 or more screens in 9 cities across Japan (in Hokkaido, Miyagi, Chiba, Saitama, Tokyo, Kanagawa, Aichi, Osaka, and Fukuoka prefectures).
 
Download materials from: https://liveboard.co.jp/en/download
 
Visualizing Inbound Tourist Trends and High Visitor Ratio Rankings on LIVE BOARD Screens
Leveraging roaming ID data, LIVE BOARD has conducted a comprehensive analysis of inbound tourist data from among the 26,400 screens connected to its nationwide marketplace. This dataset enables the ranking of screens based on the highest percentage of visitors from each country, providing valuable insights for strategic planning.
 
Image3: Analysis Visual
https://cdn.kyodonewsprwire.jp/prwfile/release/M105808/202308258518/_prw_PI5fl_CT2ZI52W.png
 
 
Example: Screen Rankings of Inbound Visitors - "Global" and "Chinese" Segmentation
 
Image4:
https://cdn.kyodonewsprwire.jp/prwfile/release/M105808/202308258518/_prw_PI6fl_wrQj1Bdt.png
 
 
Segment: Global Visitors to Japan (Representing Approximately 220 Nations)
- 1st: Osaka AD VISION
- 2nd: Osaka TOMBORI STATION
- 3rd: Osaka Metro Network Vision Nippombashi Station
 
Segment: Chinese Visitors to Japan (Comprising Influential Part of Japan's International Visitors)
- 1st: Marunouchi Station Vision Ginza Station
- 2nd: Shimbashi SL VISION
- 3rd: Shimbashi Ryukakusan Vision
 
This service is recommended specially for clients that deal with the following services:
- Home appliance manufacturers
- Travel-related
- Daily necessities/cosmetics/medical supplies
- Luxury brands
- Souvenir-related
 
Image5:
https://cdn.kyodonewsprwire.jp/prwfile/release/M105808/202308258518/_prw_PI7fl_wMTItM62.png
 
 
LIVE BOARD Screens Across the Country
LIVE BOARD currently has more than 26,400 screens, and is continuing to expand its network every day, not only by installing its own new screens, but also by aggregating screens from partners across the country.
URL: https://liveboard.co.jp/en/screen
 
Notes:
(*1) LIVE BOARD utilizes data for which the company has obtained prior consent from customers.
 
(*2) Inbound Tourism Shows Signs of Recovery
According to a transition report by the Japan National Tourism Organization (JNTO), there was a notable recovery in tourism from various countries between July 2022 and June 2023.
 
Trend of Visitor Arrivals to Japan between July 2022 and June 2023
https://cdn.kyodonewsprwire.jp/prwfile/release/M105808/202308258518/_prw_PI4fl_uCY9J443.png
 
 
*Reference: JNTO's June 2023 Estimates Report, compared to the same month in 2019.
 
About LIVE BOARD, INC.
LIVE BOARD is the first company in Japan to achieve impression-based ad delivery in OOH. It deploys advertisement delivery and billing systems in accordance with actual conditions that are based on the estimated number of viewers "at that time, in that place, and for that specific ad," even during the COVID-19 pandemic, when people's movement patterns are prone to change. In addition, by combining big data from Japan's largest mobile carrier with its own network, which includes a wide range of digital OOH across Japan, including outdoor, indoor, train, and station OOH ads, LIVE BOARD has been able to deliver personalized ads, such as targeting by gender and age, that was not possible with traditional OOH.
 
- Company name: LIVE BOARD, INC
- Business details: DOOH advertising distribution platform management, DOOH advertising media development, DOOH advertising space sales
- Website: https://liveboard.co.jp/en/
 
 
Source: LIVE BOARD, INC.

Friday, 8 September 2023

Arm Kicks Off IPO Roadshow

KUALA LUMPUR, Sept 6 (Bernama) -- Arm Holdings plc (Arm) has launched a roadshow for the initial public offering (IPO) of American depositary shares (ADSs) representing its ordinary shares.

According to Arm in a statement, a total of 95.5 million ADSs are being offered by the selling shareholder, a wholly-owned subsidiary of SoftBank Group Corp, in the IPO, with a price range of US$47.00 to US$51.00 per share. (US$1=RM4.67)

Arm expects the selling shareholder to grant the underwriters an option to purchase up to an additional seven million ADSs to cover over-allotments, if any, for 30 days after the date of the final prospectus.

The company has applied to list the ADSs on the Nasdaq Global Select Market under the symbol “ARM”.

Raine Securities LLC is acting as financial advisor in connection with the proposed offering, while Barclays, Goldman Sachs & Co LLC, J.P. Morgan and Mizuho are acting as joint book-running managers for the proposed IPO.

Building the future of computing, Arm’s energy-efficient processor designs and software platforms have enabled advanced computing in more than 250 billion chips, while its technologies securely power products from the sensor to the smartphone and the supercomputer.

-- BERNAMA

CLOUDFLARE ANNOUNCES UNIFIED DATA PROTECTION SUITE TO ADDRESS THE RISKS OF MODERN CODING AND INCREASED AI USE


Rich security suite enables seamless and secure path to transition corporate networks to the cloud, and accelerate innovation


SAN FRANCISCO, Sept 8 (Bernama-BUSINESS WIRE) -- Cloudflare, Inc. (NYSE: NET), the security, performance, and reliability company helping to build a better Internet, today announced Cloudflare One Data Protection Suite, a unified set of advanced security solutions designed to protect data across every environment – web, SaaS, and private applications. Powered by Cloudflare’s Security Service Edge (SSE), customers can streamline compliance in the cloud, mitigate data exposure and loss of source code, and secure developer and AI environments from a single platform.

Today’s organizations need to move away from legacy tools in order to maintain a competitive edge, decrease complexity in environments, and lessen the burden on their end users. However, the shift to emerging cutting-edge technology has introduced new risks and the daunting task of safeguarding sensitive data and intellectual property. In order to address this modern landscape and shrink the attack surface, CISOs need a fool-proof holistic strategy that will enable them to secure their entire corporate IT stack – including the rapidly increasing amount of data that is everywhere their employees’ devices, SaaS / cloud applications, and AI tools are.

The Cloudflare One Data Protection Suite focuses on simplicity, extending comprehensive data controls to all aspects of an organization's internal and external applications. Built natively on Cloudflare's global network, this suite allows organizations of all sizes to:
  • Allow programmable network architecture: Organizations can build new capabilities and adopt new security standards and protocols quickly, which ensures data protection controls address modern use cases, like protecting code in generative AI.
  • Streamline data visibility and controls onto a single platform: With one management interface, administrators have multiple, flexible options to send traffic to Cloudflare for enforcement — including API-based scans, clientless deployments of ZTNA and RBI, a single device client, direct or virtual interconnects, and SD-WAN partnerships.
  • Enforce data protection controls with single-pass inspection: Across each of Cloudflare’s network locations – spanning more than 300 cities in over 100 countries – policy enforcement is reliable, unintrusive, and fast. This ultimately means that data controls never disrupt end-user productivity, and allow efficacy and scalability.
  • Customize detections: DLP exact data match will equip customers with flexibility to detect organization-specific data defined in custom datasets. More predefined data detection profiles are available for source code files and protected health information (PHI).
  • Converge API-driven CASB and DLP: Customers can discover sensitive data at rest and in line. Integrations will cover the majority of cloud collaboration, productivity, and code repository tools for enterprises.
  • Provide risk-based data protection: Control access to data and apps based on a behavioral user risk scores, which incorporates signals from across Cloudflare One such as a user’s activities, posture, settings.
“Data is an organization’s most valuable asset, and protecting that data is critical. Breaches have lasting effects, and can even destroy a business when it comes to operational downtime, regulatory repercussions, associated costs. And, that doesn’t even account for the reputational damage associated with it,” said Matthew Prince, CEO at Cloudflare. “Organizations already have enough complexity, safeguarding your data doesn't need to fall in that bucket. Cloudflare provides a unique network architecture so enterprises can tackle anything from AI exposure to code leaks all in one unified platform.”

“Today, Cloudflare One helps prevent our users from sharing sensitive data and code with tools like ChatGPT and Bard, enabling us to take advantage of AI safely,” says Tanner Randolph, Chief Information Security Officer at Applied Systems, a SaaS technology provider for insurance brokers. “Over the past few years, Cloudflare has been a critical partner in our digital transformation efforts and has helped us consolidate security controls across our users, applications, and networks. Going forward, we are excited for Cloudflare’s continued innovations to protect data, and in particular, their vision and roadmap for services like DLP and CASB.”

To learn more about Cloudflare One Data Protection Suite, please check out the resources below:
About Cloudflare

Cloudflare, Inc. (www.cloudflare.com / @cloudflare) is on a mission to help build a better Internet. Cloudflare’s suite of products protect and accelerate any Internet application online without adding hardware, installing software, or changing a line of code. Internet properties powered by Cloudflare have all web traffic routed through its intelligent global network, which gets smarter with every request. As a result, they see significant improvement in performance and a decrease in spam and other attacks. Cloudflare was awarded by Reuters Events for Global Responsible Business in 2020, named to Fast Company's Most Innovative Companies in 2021, and ranked among Newsweek's Top 100 Most Loved Workplaces in 2022.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which statements involve substantial risks and uncertainties. In some cases, you can identify forward-looking statements because they contain words such as “may,” “will,” “should,” “expect,” “explore,” “plan,” “anticipate,” “could,” “intend,” “target,” “project,” “contemplate,” “believe,” “estimate,” “predict,” “potential,” or “continue,” or the negative of these words, or other similar terms or expressions that concern Cloudflare’s expectations, strategy, plans, or intentions. However, not all forward-looking statements contain these identifying words. Forward-looking statements expressed or implied in this press release include, but are not limited to, statements regarding the capabilities and effectiveness of Cloudflare One Data Protection Suite and Cloudflare’s other products and technology, the benefits to Cloudflare’s customers from using Cloudflare One Data Protection Suite and Cloudflare’s other products and technology, the timing of when Cloudflare One Data Protection Suite or any of its related features will be generally available to all current and potential Cloudflare customers, Cloudflare’s technological development, future operations, growth, initiatives, or strategies, and comments made by Cloudflare’s CEO and others. Actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to, risks detailed in Cloudflare’s filings with the Securities and Exchange Commission (SEC), including Cloudflare’s Quarterly Report on Form 10-Q filed on August 3, 2023, as well as other filings that Cloudflare may make from time to time with the SEC.

The forward-looking statements made in this press release relate only to events as of the date on which the statements are made. Cloudflare undertakes no obligation to update any forward-looking statements made in this press release to reflect events or circumstances after the date of this press release or to reflect new information or the occurrence of unanticipated events, except as required by law. Cloudflare may not actually achieve the plans, intentions, or expectations disclosed in Cloudflare’s forward-looking statements, and you should not place undue reliance on Cloudflare’s forward-looking statements.

©2023 Cloudflare, Inc. All rights reserved. Cloudflare, the Cloudflare logo, and other Cloudflare marks are trademarks and/or registered trademarks of Cloudflare, Inc. in the U.S. and other jurisdictions. All other marks and names referenced herein may be trademarks of their respective owners.

View source version on businesswire.com: 
https://www.businesswire.com/news/home/20230907741110/en/

Contact

Cloudflare, Inc.
Daniella Vallurupalli
Vice President, Head of Global Communications
press@cloudflare.com

Source : Cloudflare, Inc.