Artificial Intelligence
Capgemini Press Release//Capgemini’s World Energy Markets Observatory report 2020: Overall energy transition has accelerated as a result of innovative advancements in industry technology
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Good morning,
Please find below the press release issued today.
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Florence Lièvre Capgemini Group | Paris Press contact: Capgemini’s World Energy Markets Observatory report 2020:
Overall energy transition has accelerated as a result of innovative advancements in industry technology
Paris, November 3, 2020 – Capgemini has today published the 22nd edition of its annual study, the World Energy Markets Observatory (WEMO) report, created in partnership with De Pardieu Brocas Maffei, Vaasa ETT and Enerdata.
This year’s edition of WEMO reflects two opposing narratives: in 2019 a continuation of previous trends related to energy transition, renewables and storage technology progress, climate change issues, and energy markets evolution; and the profound industry-wide impact of COVID-19 in 2020 that will reset the baseline and establish a so-called “new normal”.
Key points of the 2020 edition of the World Energy Markets Observatory report include: 1. The significant drop in consumption due to COVID-19 has led to the largest reduction of greenhouse gas (GHG) emissions since World War II, but long-term climate change goals are still very challenging
With the worldwide economic growth slowdown in 2019, GDP growth for G20 countries was 0.8 points below the previous year. Energy demand growth slowed down with consumption increasing by just 0.7 percent, as compared to 2.2 percent in 2018. While global emissions continued to increase by 0.6% in 2019 (highest level ever), those in the energy sector specifically fell 0.4 percent due to a combination of factors including: a shift from coal to gas; renewables growth; and energy efficiency improvements. The significant drop in consumption due to COVID-19 has led to the largest reduction of GHG emissions since World War II. In fact, emissions are expected to decrease by an estimated 7 to 8 percent in 2020, as a result of mobility restrictions and a sharp industrial slowdown.
Despite the seemingly positive data in 2020, according to Colette Lewiner, Energy and Utilities senior advisor at Capgemini, these reductions are temporary: “This 2020 emissions decrease is linked to the lock-down period and remaining mobility restrictions. Emissions will likely rise again as the world recovers from the pandemic. By way of illustration, it would take a similar restriction, every year for the next 10 years, to get on the right environmental trajectory, which is of course unviable. Profound changes are needed to reach climate change objectives.”
2. Generation from renewables and storage technologies are maturing quickly Batteries for electric vehicles and stationary storage costs decreased again by 19% in 2019 (for Li Ion batteries), and 115 mega-factories’ projects have been recorded, out of which 88 are in China. Asian players (China, Japan and South Korea) are dominating this market. Meanwhile, Europe is clearly making strides in developing hydrogen as a source of green power to make up for the dominance it has lost in batteries and solar panels. In July 2020 the European Union commission decided to invest between €180-470 bn by 2050 to reach a share of 12-14% in 2050 for green hydrogen1 in the European energy mix. Germany and France stimulus plans will allocate respectively €9bn and €7bn for hydrogen development. 3. The growing share of renewables in the energy mix coupled with the closure of schedulable generation, means grid reliability becomes a concern Philippe Vié, Global Head of the Energy and Utilities sector at Capgemini, adds: “Numerous digital tools and assets are mature and available to improve predictability, reliability, grid stability and finally security of supply, accelerating Energy Transition.”
Grid stability requires schedulable generation assets, storage or actionable consumption flexibility. Capgemini’s WEMO identifies several ways to improve grid balancing where a high share of renewable sources exists, notably through enhanced generation forecasting, non-carbon emitting storage options, and, most notably, batteries in the short term and hydrogen moving forward. Leveraging digitization, artificial intelligence and automation to enable greater accuracy of demand forecasting, demand-side management; and deploying the smart grid at scale are also strategies to improve management of a distributed energy mix. Regulatory evolution should bring incentives that stimulate positive economic signals and the right type of investments.
4. Will post COVID-19 plans stimulate a greener economy? To meet climate change goals while ensuring energy security of supply Capgemini’s WEMO recommends:
The World Energy Markets Observatory is an annual publication by Capgemini that monitors the main indicators of the electricity and gas markets in North America, Europe, Asia (including China and India) and Australia. This edition covers for the first time this year pressure on oil & gas majors, that leads to diversification and carbon neutrality. The 22nd edition, which is drafted mainly from public data combined with Capgemini’s expertise in the energy sector, refers to data from 2019 as first half of 2020 (pandemic first wave impacts). Special expertise on regulation and customer behavior, as well as markets data has been provided by research teams at De Pardieu Brocas Maffei, VaasaETT and Enerdata.
For more information and to download a full copy of the report, click here.
About Capgemini
Capgemini is a global leader in consulting, digital transformation, technology, and engineering services. The Group is at the forefront of innovation to address the entire breadth of clients’ opportunities in the evolving world of cloud, digital and platforms. Building on its strong 50-year heritage and deep industry-specific expertise, Capgemini enables organizations to realize their business ambitions through an array of services from strategy to operations. A responsible and multicultural company of 265,000 people in nearly 50 countries, Capgemini’s purpose is to unleash human energy through technology for an inclusive and sustainable future. With Altran, the Group reported 2019 combined global revenues of €17 billion.
Visit us at www.capgemini.com. 1 https://ec.europa.eu/energy/sites/ener/files/hydrogen_strategy.pdf Attachments
Global PR Manager | Group Marketing & Communications
Tel.: +33 1 47 54 50 71
Email : [email protected]
_____________________
Florence Lièvre
Tel.: +33 1 47 54 50 71
Email: [email protected]
Renewables account for more than half of the worldwide electricity generation investments, more in developed countries and less in developing countries that continue to build coal and gas plants to meet a booming electricity demand. With the growing renewables market and the progress of technology achievements, costs are declining again by more than 10% (Wind and Solar) in 2019, with consistently lower costs being recorded month after month. Offshore wind now seems promising while onshore acceptance remains the problem.
With the increasing share of intermittent renewables generation (wind and solar power), grid balancing is more difficult, and security of supply could be endangered. This situation was illustrated both in Europe and the US this year:
-In April 2020, during lockdown, electricity consumption decreases in Europe, combined with sunny and windy weather, resulted in high shares (up to 60 to 70%) of renewable electricity on the grid. Near blackouts happened in Germany and in the UK, demonstrating that grids and regulations have not adapted to deal with the high share of renewables planned for the end of the decade.
-By mid-August 2020, during a heat wave, California experienced rolling blackouts where electricity supply relies on 33% from renewables, mostly from solar energy. This is challenging on hot summer evenings, when electricity from solar generation drops to zero but demand for air conditioning remains. This challenge will intensify if California meets its targets of 60% renewable electricity by 2030 while phasing out fossil fuel and nuclear plants schedulable generation.
One third of the €750bn European recovery fund2 will be dedicated to sustainability and energy transition projects and Member states’ plans include similar proportions for environmental projects. According to WEMO, this is very good progress; however, the execution of those plans will be crucial. The report therefore recommends tracking these sustainability funds and reinforcement of the “green” conditionality for allocation.
2 Source: Climatechangenews.com, “EU €750 billion Covid recovery fund comes with green conditions”
Artificial Intelligence
Complyport’s new AI tool – ViCA.Chat – set to revolutionise compliance support services
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LONDON, June 14, 2024 /PRNewswire/ — ViCA.Chat, the Virtual Compliance Assistant powered by AI technology, is set to transform regulatory compliance consulting. Developed by ComplyMAP Group’s AI engineers and Complyport’s compliance consulting teams, ViCA redefines compliance support services and propels governance, risk and compliance consulting into a new era of innovation.
Offering real-time assistance across a vast array of UK and EU regulatory frameworks, ViCA delivers unparalleled efficiency, detail and precision in disentangling and dealing with complicated regulatory frameworks.
The key differentiator of ViCA is its specialised and purposely constructed unique databases that leverage Complyport’s 22 years of regulatory expertise, combined with tailored AI training tools, enabling ViCA to operate as an experienced compliance consultant. A dedicated human support team continuously improves and updates ViCA’s knowledge and responses through a feedback loop process and quality assurance sessions. This powerful symbiosis of AI and human expertise sets ViCA apart and ensures businesses have the latest regulatory information instantaneously and seamlessly.
As a result, ViCA’s specialised regulatory database goes beyond readily available online resources which feature into traditional AI tools. ViCA offers exclusive insights, proprietary regulatory interpretations, historical data, bespoke and purposely structured compliance documentation and templates. With advanced scraping capabilities, ViCA also extracts relevant data from selected websites and publicly available information, ensuring an up-to-date and comprehensive understanding of compliance requirements across industries.
From agile fintech startups to established law firms, financial institutions, regulatory bodies, insurance providers, as well as compliance consultants, ViCA seamlessly adapts to unique compliance needs. Its user-friendly interface ensures navigating and analysing regulatory data is swift and intuitive, streamlining the compliance workflow.
“ViCA is a game-changer in how regulatory compliance advice will be provided in the future”, commented Luis Parra, Managing Director of ViCA. “With ViCA, compliance insights become available to all. No longer are regulated firms and responsible people overly dependent on advisors and compliance consultants. Through ViCA, the financial system will not only meet but exceed regulatory standards. Moreover, the level of information made available to the public will benefit society as a whole, in its interactions with the financial services sector.”
Among ViCA’s revolutionary features is its cost-effective model, allowing businesses to significantly reduce reliance on traditional spending with external consultants and advisors.
Visit ViCA.Chat to experience the future of compliance support.
Contact:
Name: Luis ParraTitle: Managing DirectorCompany: Vica.ChatTelephone: +44 20 7399 4980 Email: [email protected]
About ViCA.Chat:
ViCA.Chat is a revolutionary Virtual Compliance Assistant powered by cutting-edge AI technology, designed to demystify the complexities of regulatory compliance. Utilising Complyport’s 22 years of regulatory expertise, ViCA offers real-time assistance and guidance across a wide range of regulatory frameworks, setting a new standard for efficiency and precision in compliance support. From fintech start-ups to established law firms, financial services institutions, regulators, regulatory firms, compliance consultants and insurance firms, ViCA caters to the diverse needs of professionals across all levels in the broader UK financial services sector.
Visit ViCA.Chat to learn more.
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Artificial Intelligence
LoRa and LoRaWAN IoT Market worth $32.7 billion by 2029- Exclusive Report by MarketsandMarkets™
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CHICAGO, June 14, 2024 /PRNewswire/ — The LoRa and LoRaWAN IoT Market is expected to reach USD 32.7 billion by 2029 from USD 8.0 billion in 2024, at a Compound Annual Growth Rate (CAGR) of 32.4 % during 2024–2029, according to a new report by MarketsandMarkets™.
Browse in-depth TOC on “LoRa and LoRaWAN IoT Market”
320 – Tables 58 – Figures294 – Pages
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Scope of the Report
Report Metrics
Details
Market size available for years
2018-2029
Base year considered
2023
Forecast period
2024–2029
Forecast units
Value (USD Billion)
Segments Covered
Offering, Network Deployment, Application, End User, and Region
Region covered
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
List of Companies in LoRa and LoRaWAN IoT
The Bosch Group (Germany), Cisco (US), Orange SA (France), Comcast Corporation (US), Semtech (US), NEC Corporation(Japan), Tata Communications (India), AWS (US), Advantech (Taiwan), SK Telecom (South Korea), Murata (Japan), Kerlink (France), Actility (France), Digi International (US), MultiTech (US), Ezurio (US), Sensoterra (Netherlands), Nwave Technologies (US), RAKwireless (China), TheThings.io (Spain), Datacake (Germany), Milesight (China), LORIOT (Switzerland), Exosite (US), Orbiwise (Switzerland), Netmore Group (Sweden), and Radio Bridge Inc (US).
The LoRaWAN ecosystem influences development of tools, software libraries, and cloud-based platforms that streamline the creation, deployment, and management of IoT solutions. Continuously evolving, this ecosystem boasts a burgeoning array of vendors providing LoRa-compliant devices, gateways, and network management solutions. This vibrant competition within the ecosystem propels innovation while driving down costs for end-users. Moreover, the development of interoperable solutions fosters seamless integration and deployment of LoRaWAN networks, simplifying the implementation process for businesses and organizations. As the ecosystem continues to expand and mature, it empowers developers, system integrators, and IoT enthusiasts to unleash their creativity, accelerate time-to-market, and unlock the full potential of LoRaWAN technology in diverse applications and industries.
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Based on network deployment, the public network segment to hold the largest market size during the forecast period.
The robust security features integrated into public LoRaWAN networks play a significant role in driving the growth and adoption of LoRaWAN technology in the market. End-to-end encryption ensures that data transmitted between devices and gateways is protected from unauthorized access or interception, safeguarding sensitive information such as sensor readings, location data, and command messages. Message integrity checks verify the integrity of data packets, detecting any tampering or alteration during transmission and ensuring data authenticity and reliability. Additionally, mutual authentication mechanisms establish trust between devices and gateways, verifying the identity of both parties before allowing communication to occur. These security measures provide organizations and end-users with confidence in the integrity and confidentiality of their data, mitigating concerns related to data privacy, cybersecurity threats, and regulatory compliance. As a result, implementing robust security features in public LoRaWAN networks enhances trust and credibility in the technology, driving increased adoption and market growth as organizations seek reliable and secure connectivity solutions for their IoT deployments.
By offering, the services segment is expected to hold a higher growth rate during the forecast period.
IoT service providers are pivotal in driving adoption by developing vertical-specific solutions finely tuned to the distinct needs of industries like agriculture, healthcare, logistics, and smart cities. In agriculture, for instance, IoT services offer solutions for precision farming, crop monitoring, and livestock management, enabling farmers to optimize irrigation, monitor soil health, and enhance yields. Similarly, IoT services facilitate remote patient monitoring, asset tracking, and inventory management in healthcare, improving patient care, reducing costs, and ensuring compliance with regulatory standards such as HIPAA. In logistics, IoT services provide real-time tracking of shipments, fleet management, and predictive maintenance, enhancing supply chain visibility, efficiency, and reliability. For smart cities, IoT services offer solutions for traffic management, waste management, energy optimization, and public safety, transforming urban infrastructure and enhancing the quality of life for residents. By addressing industry-specific challenges, compliance requirements, and use cases, vertical-specific IoT solutions deliver tangible business value, driving adoption and fueling the growth of the IoT services market across diverse sectors.
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Asia Pacific is expected to hold a higher growth rate during the forecast period.
In the Asia Pacific region, where agriculture serves as a cornerstone of many economies, adopting IoT technologies, particularly LoRa and LoRaWAN, is revolutionizing traditional farming practices. LoRaWAN’s long-range connectivity and low-power consumption make it well-suited for deployment in rural agricultural settings, where access to reliable connectivity may be limited. Through LoRa-based IoT solutions, farmers can implement precision agriculture techniques to address pressing challenges such as water scarcity, soil degradation, and unpredictable weather patterns. LoRa-enabled sensors facilitate real-time monitoring of soil moisture levels, temperature, and humidity, allowing farmers to optimize irrigation schedules and conserve water resources. Remote sensing technologies powered by LoRaWAN enable farmers to gather actionable insights on crop health, pest infestations, and nutrient deficiencies, facilitating timely interventions and improving overall crop management practices. Furthermore, LoRa-based crop analytics platforms provide farmers with data-driven decision support tools, helping them optimize planting strategies, improve yield forecasting, and mitigate the impact of climate change on agricultural productivity. By harnessing the power of LoRa and LoRaWAN IoT solutions, farmers in the Asia Pacific region can increase yields, conserve resources, and enhance resilience to environmental challenges, driving the adoption and growth of the LoRaWAN IoT market in the agricultural sector.
Top Key Companies in LoRa and LoRaWAN IoT Market:
The major vendors covered in the LoRa and LoRaWAN IoT Market are The Bosch Group (Germany), Cisco (US), Orange SA (France), Comcast Corporation (US), Semtech (US), NEC Corporation(Japan), Tata Communications (India), AWS (US), Advantech (Taiwan), SK Telecom (South Korea), Murata (Japan), Kerlink (France), Actility (France), Digi International (US), MultiTech (US), Ezurio (US), Sensoterra (Netherlands), Nwave Technologies (US), RAKwireless (China), TheThings.io (Spain), Datacake (Germany), Milesight (China), LORIOT (Switzerland), Exosite (US), Orbiwise (Switzerland), Netmore Group (Sweden), and Radio Bridge Inc (US). These players have adopted various growth strategies, such as partnerships, agreements and collaborations, new product launches, enhancements, and acquisitions to expand their footprint in the LoRa and LoRaWAN IoT Market.
Browse Adjacent Markets: Digitalization and Internet of Things (IoT) Market Research Reports & Consulting
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Artificial Intelligence
Scoring a Seat at UEFA EURO 2024™ with Top-Performing AI-Powered TOSHIBA TV Lineup
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HONG KONG, June 14, 2024 /PRNewswire/ — Football fans are in for a treat as they gear up for UEFA EURO 2024™ with Toshiba TV’s top-performing Gaming TV Z670. As the OFFICIAL TV OF UEFA EURO 2024™, Toshiba TVs present immersive viewing of the football game by their AI-powered TV lineup. To celebrate the brilliant moments it can bring, Toshiba TV are gifting USD100 Amazon Gift Card via their social platform! By simply like, follow and comment on @ToshibaTVGlobal, fans can boost their chances of scoring this prize.
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With 70+ years of history in TV production, Toshiba TV is known for its exquisite craftsmanship, innovative ideas and groundbreaking inventions. By prioritizing superior image quality and auditory experiences, Toshiba TV sets new standards in entertainment. Toshiba TV stems from the excellence quest of customers, providing the world with responsible products to make the world a better place. Emphasizing attention to product details and technological advancement, Toshiba TV integrates aesthetically pleasing design, quality assurance, and brand reputation to underscore its commitment to authenticity in the actual world and a sincere dedication to its consumers, showcasing Toshiba TV’s long-standing design philosophy and continuous pursuit of product quality.
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