Artificial Intelligence
YourSocialOffers (YSO) has Signed Its First National Marketing Agreement
Philadelphia, PA, Dec. 14, 2020 (GLOBE NEWSWIRE) — via NewMediaWire — Pennexx Foods (PNNX): Your Social Marketing Inc. is owned and operated by Mark LePera of Nashville, TN, a business network group. Mr. LePera stated, “Our affiliate network consists of over a million business connections. While utilizing YSO, I can quickly and inexpensively generate new sets of merchants and businesses and expand my real estate investors’ leads. I have been working with Mr. Candito and his incredible team for several months to introduce new clients to this ingenious new business marketing concept. YSO’s new feature allows me to offer my clients and business partners an innovative path to expand their sales and income.” Mr. LePera has been cultivating these partners and has already signed up two Nashville area Chamber of Commerce accounts, a national food delivery company, a group of fitness center franchisees, and numerous other variety of other large business groups.
The concept of growing YSO’s customer base through these new venture-partners is essential for YSO’s exponential growth. Using these collaborative marketing partners across the country, the YSO brand can increase its sales force and its customer base much more rapidly than registering merchants one by one. Another crucial aspect of this recent revision to the YSO merchant portal is for non-profits and charities to fundraise and solicit donations while supporting the merchants who support them. Pennexx feels this revision, which allows “giving back,” is essential in keeping with our mission statement: To empower businesses with unique and affordable solutions, consumers with ubiquitous shopping options, and provide philanthropic opportunities for all.
One of our first non-profit partners is Bikes FOR Tykes. This charity, which provides bikes to underprivileged children, is already visible on YSO and working diligently to raise much-needed funds on our platform. Their current customers can donate while perusing their merchant partners for offers. Of course, sharing these offers on social media generates new customers and, therefore, more donations. https://yoursocialoffers.com/showCampaign.php?campId=191
YSO is honored to enjoy the company of Mr. LePera and his organization to our team. Mr. LePera’s input and creativity is an asset to YSO. Sunny Sweet, CMO of Pennexx, says, “Mr. LePera brings a unique business and marketing background. He has an impressive team and appears to have access to endless resources to appropriate.”
Mr. LePera’s Career achievements include real estate sales and development, business and real estate coaching, public speaking, prison ministry, and now social media marketing.
You can locate Mark LePera daily on a Zoom.com meet up at noon EST, where he shares business ideas using the YSO platform. If you would like additional information, you can join this call at https://www.meetup.com/yoursocialofferings/.
About Pennexx Foods Inc. (PNNX: OTCMKTS US). Pennexx, through its wholly-owned subsidiaries, is a holding company within the Software/Internet Industry that focuses on social media, prepaid debit cards, BitGift™, artificial intelligence, targeted marketing, and consumer rewards.
Safe Harbor Act: This release may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended, and such forward-looking statements are made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may,” “future,” “plan” or “planned,” “will” or “should,” “expected,” “anticipates,” “draft,” “eventually” or “projected.” You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report.
For additional information, visit our website at www.pennexx.net or call 866-928-6409. Please follow us on Twitter @Pennexx.
Artificial Intelligence
Singtel Awarded Frost & Sullivan’s 2023 Singapore Company of the Year Award for Its Strong Industry Leadership Position in Cybersecurity Services
Singtel is reputable in the cybersecurity services industry, driven by its robust investment in innovation, unwavering commitment to expanding cybersecurity service offerings, comprehensive security solutions, and premium support.
SAN ANTONIO, March 30, 2024 /PRNewswire/ — Frost & Sullivan recently researched the cybersecurity services industry and, based on its findings, recognizes Singtel with the 2023 Singapore Company of the Year Award. Singtel is Singapore’s major telecommunications provider that delivers comprehensive network-centric security solutions to safeguard businesses against unauthorized access, data breaches, and cyber threats through managed security services (MSS), professional security services (PSS), and the Singtel Cyber Security Institute (CSI), spanning all dimensions of cybersecurity to secure businesses’ most critical digital assets.
Singtel stands out in Singapore’s crowded telecommunications market with its comprehensive network-centric approach to cybersecurity encompassing everything from risk-based threat analytics to advanced security technology and architecture management. Its deep expertise as a managed service provider enables Singtel to integrate cybersecurity seamlessly with the network to deliver comprehensive SASE capabilities, an end-to-end managed solution that secures all users and applications with best-in-class, cloud-delivered security capabilities, coupled with next-generation SD-WAN to enable the cloud-delivered branch. This enables enterprises to leverage management resources, tools, and technologies to achieve simplified connectivity management, security, and control across a diverse range of distributed work or cloud environments.
Singtel’s solutions outperform competing solutions, with a broad range of MSS designed to safeguard organizations against the latest digital threats. These solutions combine network-centric cybersecurity services and managed services with security operations center (SOC) and utilize its network expertise to ensure secure and reliable connections for enterprises to protect their data and systems for complete security coverage across networks, applications, and the cloud.
As more customers treat cybersecurity as part of their day-to-day operations, Singtel is uniquely positioned to provide both network and cyber security operations under one single pane of glass through its SOC. The company reinforces its cybersecurity measures with security professionals who ensure 24/7 monitoring and access to a global threat intelligence network. With this unique blend of services and commitment to innovation and excellence, the company is positioned as a leader in the field, capable of addressing the evolving challenges of cybersecurity in the digital age.
“Singtel distinguishes itself from competitors in Singapore by offering a well-rounded cybersecurity services portfolio that integrates closely to its suite of networking services, enabling it to adapt to the fast-changing needs of organizations proactively. Unlike some competitors that only provide basic security asset monitoring or management services, Singtel designs its security offerings to support customers throughout the dynamic nature of the cybersecurity life cycle, including day-to-day monitoring, protection, detection, threat hunting, incident response, and remediation for a seamless end-to-end experience in a single provider,” said Vivien Pua, senior industry analyst at Frost & Sullivan.
With a focus on delivering digitally resilient security operations and a strong commitment to customer collaboration, Singtel designed its Cyber Security Institute (CSI) to address today’s complex cybersecurity challenges through cultivating digital threat situational awareness. Singtel CSI is the only cybersecurity organization appointed as a member of the SkillsFuture Queen Bee network, an initiative for industry leaders with strong sectoral expertise to champion skills development in other companies. Singtel CSI recently launched Cyber Elevate, the first-of-its-kind program in Singapore to help small and medium enterprises (SMEs) and global organizations build cyber resilience by equipping them with the skills to prepare, detect, respond, and recover from cyber-attacks.
Singtel tailors its professional security services to meet each client’s needs, facilitating a seamless and secure journey to the cloud and building a high level of client trust. As a result, with its ever-growing customer base and strong leadership in the Singapore cybersecurity services industry, Singtel has successfully proved its market expertise and innovative character, compared to its closest competitors.
“As a trusted security partner for businesses of all sizes, Singtel has a reputable brand name in the cybersecurity services industry in Singapore, especially among large enterprise customers, standing ahead of both global and local competitors in the industry that usually find it challenging to penetrate the large customer segment due to the lack of local support or domain expertise,” noted Pua.
Find out more about Singtel Cybersecurity: singtel.com/cybersecurity
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 industry penetration.
Frost & Sullivan Best Practices Awards recognize companies in various regional and global sectors for demonstrating outstanding achievement and superior performance in leadership, technological innovation, customer service, and strategic product development. Industry analysts compare industry participants and measure performance through in-depth interviews, analyses, and extensive secondary research to identify best practices in the industry.
About Frost & Sullivan
For six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders, and governments navigate economic changes and identify disruptive technologies, Megatrends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion.
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Tarini SinghP: +91- 9953764546E: [email protected]
About Singtel
Singtel is Asia’s leading communications technology group, providing a portfolio of services from next-generation communication, 5G and technology services to infotainment to both consumers and businesses. The Group has presence in Asia, Australia and Africa and reaches over 770 million mobile customers in 21 countries. Its infrastructure and technology services for businesses span 21 countries, with more than 428 direct points of presence in 362 cities. For consumers, Singtel delivers a complete and integrated suite of services, including mobile, broadband and TV. For businesses, 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 and shape a more sustainable, digital future.For more information, visit www.singtel.com.Follow us on Twitter / X at @SingtelNews.
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Artificial Intelligence
DeepBrain AI with Estonian Ministry of Economy, Information and Communication discusses introduction of AI human Public Service
A delegation from Estonia, including Minister Tit Lysalo and Ambassador to Korea Sten Schwede, visited DeepBrain AI headquarters.Introduce AI human solutions and discuss cooperation plans to implement a virtual assistant at the Estonian Information System AgencyPALO ALTO, Calif., March 29, 2024 /PRNewswire/ — DeepBrain AI (CEO Se-young Jang), a domestic company specializing in generative artificial intelligence (AI), announced on the 22nd that we met with a visiting delegation from the Estonian Ministry of Economy, Information and Communication to discuss ways to apply AI human in local public services.
This discussion took place when a visiting delegation from the Estonian Ministry of Economy, Information and Communication, who came to Korea to attend the 3rd Democracy Summit held in Seoul, visited Deep Brain AI headquarters in Gangnam-gu, Seoul on the 20th. This visit was made possible after the Estonian Minister of Economy, Information and Communication’s office directly requested a meeting with Deep Brain AI from the local business office.
The Estonian Ministry of Economy, Information and Communication is seeking to improve the competitiveness of public services by introducing a virtual assistant using AI technology at its affiliated organization, the Information Systems Agency of Estonia (RIA). In keeping with the trends of the times, the plan is to use AI technology to build a system where the country and citizens can communicate freely.
As part of this, the Estonian visiting delegation, including Estonian Minister of Economy, Information and Communication Tit Lysalo and Estonian Ambassador to Korea Sten Schwede, held detailed discussions on AI human technologies applicable to RIA, including the introduction of virtual assistants.
DeepBrain AI introduced the company and demonstrated AI human technology and various services using it, and the visiting delegation from the Estonian Ministry of Economy, Information and Communication showed particular interest in deep learning-based virtual human implementation technology. In addition, various ways of cooperation were discussed, including availability of Estonian language, operational solutions, and service advancement.
Jang Se-young, CEO of DeepBrain AI, said, “We plan to hold additional detailed working-level discussions with Estonia as soon as possible to ensure that virtual humans can be successfully introduced”, “This will set a precedent for strengthening communication between state agencies and citizens using virtual humans,” he said.
Meanwhile, Deep Brain AI is recognized for its global top-level AI human solution capabilities by participating in major global tech events such as CES 2022•2023 and NAB 2022, and repeatedly winning awards. Recently, it has been expanding its global influence by participating in MWC 2024, the world’s largest mobile communications fair held in Barcelona, Spain, and conducting business discussions with officials. (end)
1. Homepage: https://www.deepbrain.io/2. Service: https://app.deepbrain.io/dashboard3. Description page: https://www.aistudios.com/
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Name: John (Jungwook) SonEmail: [email protected] No.: +1 650 279 9646
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Artificial Intelligence
Predictive Maintenance Market worth $47.8 billion by 2029 – Exclusive Report by MarketsandMarkets™
Real-time analysis and decision-making will be made easier by developments in AI and IoT integration, which will drive the Predictive Maintenance Market in the future. Innovation will be fueled by prognostics, industry-specific solutions, and interoperability, while Predictive Analytics as a Service (PAaaS) models will make advanced predictive maintenance skills more accessible to all.
CHICAGO, March 29, 2024 /PRNewswire/ — The Predictive Maintenance Market is estimated to grow from USD 10.6 billion in 2024 to USD 47.8 billion in 2029, at a CAGR of 35.1% during the forecast period, according to a new report by MarketsandMarkets™. The driving factors for the Predictive Maintenance Market include the widespread adoption of emerging technologies like IoT sensors and data analytics, enabling real-time monitoring of equipment health. The integration of machine learning (ML) and artificial intelligence (AI) algorithms allows for predictive analysis of potential failures, reducing downtime and optimizing asset performance. Organizations are increasingly focused on cost savings and operational efficiency, driving the need for proactive maintenance strategies to minimize unplanned downtime and maximize productivity. Additionally, regulatory requirements and the shift towards predictive analytics-driven decision-making further contribute to the growth of the Predictive Maintenance Market.
Browse in-depth TOC on “Predictive Maintenance Market”
280 – Tables 60 – Figures300 – Pages
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Scope of the Report
Report Metrics
Details
Market size available for years
2019–2029
Base year considered
2023
Forecast period
2024–2019
Forecast units
USD Billion
Segments Covered
Component (Hardware, Solution [Solution by Deployment mode {Cloud (Public, Private, Hybrid) & On-premises}] & Services), Technology (Analytics & Data Management, Artificial Intelligence, IoT Platform, Sensors & Other Devices), Technique (Vibration Analysis, Infrared Thermography, Acoustic Monitoring, Oil Analysis, Motor Circuit Analysis, Other Techniques) Organization size (Large Enterprises, SMEs), Vertical (Energy & Utilities, Manufacturing, Automotive & Transportation, Aerospace & Defense, Construction & Mining, Healthcare, Telecommunications) and Region.
Geographies covered
North America, Europe, Asia Pacific, Middle East & Africa, Latin America
Companies covered
IBM (US), ABB (Switzerland), Schneider Electric (France), AWS (US), Google (US), Microsoft (US), Hitachi (Japan), SAP (Germany), SAS Institute (US), Software AG (Germany), TIBCO Software (US), Altair (US), Oracle (US), Splunk (US), C3.ai (US), Emerson (US), GE (US), Honeywell (US), Siemens (Germany), PTC (US), Dingo (Australia), Uptake (US), Samotics (Netherlands), WaveScan (Singapore), Quadrical Ai (Canada), UpKeep (US), Limble (US), SenseGrow (US), Presage Insights (India), Falcon Labs (India).
By component, the services segment to account for higher CAGR during the forecast period.
The services segment plays a crucial role in the Predictive Maintenance Market, serving as a core component essential for the efficient operation of software solutions. Many companies are turning to intelligent devices, robust AI systems, and Industrial Internet of Things (IIoT) solutions to monitor the health and productivity of critical equipment, aiming to minimize costly production shutdowns. Remote monitoring of machinery and equipment has become a significant priority for organizations grappling with challenges in detecting machinery failures. The adoption of predictive maintenance services, including IoT, has become imperative to mitigate the risks and failures of machines across various industries. Within the services segment, managed and professional services are considered vital for enhancing overall process efficiency.
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By Technique, Vibration Analysis is expected to hold the largest market size for the year 2024.
Vibration analysis is a crucial technique employed primarily for high-speed rotating equipment in predictive maintenance strategies. It enables technicians to monitor the vibrations of machines using handheld analyzers or real-time sensors integrated into the equipment itself. Machines operating optimally exhibit specific vibration patterns, which can be compared against known standards. However, as components like bearings and shafts wear down or develop faults, they generate distinct vibration patterns, signaling potential issues. By continuously monitoring equipment vibrations, trained technicians can identify deviations from normal patterns and diagnose problems early on. The range of issues detectable through vibration analysis is extensive and includes misalignment, bent shafts, unbalanced components, loose mechanical parts, and motor irregularities.
By Vertical, Automotive & Transportation is projected to grow at the highest CAGR during the forecast period.
As automotive technology progresses rapidly, traditional fault detection methods are inadequate for ensuring vehicle smoothness. However, modern automobiles are equipped with various sensors, instruments, and cameras that generate diverse data. Leveraging this data, past service records, and employing AI and ML, predictive maintenance in the automotive & transportation sector emerges as a powerful solution to enhance vehicle performance and minimize downtime. The surge in intelligent technologies has spurred predictive maintenance investments in transportation, particularly accelerated by the Covid-19 crisis, where consumer preferences shifted towards individual mobility due to health and safety concerns, leading to an increased demand for cars. This demand surge, coupled with slowed new vehicle production, is driving the resurgence of the used car market. Predictive maintenance plays a crucial role in reducing the lifespan of used cars and preventing unexpected downtimes. Solutions like IBM’s monitoring for connected vehicles and collaborations between automakers and tech companies like Ford, CARUSO, and HIGH MOBILITY showcase the industry’s commitment to leveraging predictive maintenance for improved operations and customer services.
Middle East & Africa is expected to grow at the second-highest CAGR during the forecast period.
The Middle East & Africa (MEA) lacks technological development as well as primary business growth in many verticals. Slow economic growth and geopolitical conditions are the major hurdles to the growth of the Predictive Maintenance Market in the region. Moreover, it generates the majority of the revenues from natural resources. The government policy in the United Arab Emirates (UAE) is supportive of the industry with the vision to be one of the most technologically advanced nations by 2022. The proliferation of telecom and IT-enabled industry in the African countries is steering the growth of AI-based IoT companies in the region. The major reasons that are said to influence the growth of the Predictive Maintenance Market in the region are the increasing investments in data center infrastructures and the growing number of high-growth start-ups. Only a few countries, such as the UAE, Israel, and Qatar, across the region, are advancing in this market at an economical pace. The UAE, Israel, and Qatar have demonstrated a strong commitment toward the development and implementation of AI and IoT technologies.
Top Key Companies in Predictive Maintenance Market:
The major predictive maintenance hardware, solution and service providers include IBM (US), ABB (Switzerland), Schneider Electric (France), AWS (US), Google (US), Microsoft (US), Hitachi (Japan), SAP (Germany), SAS Institute (US), Software AG (Germany), TIBCO Software (US), Altair (US), Oracle (US), Splunk (US), C3.ai (US), Emerson (US), GE (US), Honeywell (US), Siemens (Germany), PTC (US), Dingo (Australia), Uptake (US), Samotics (Netherlands), WaveScan (Singapore), Quadrical Ai (Canada), UpKeep (US), Limble (US), SenseGrow (US), Presage Insights (India), Falcon Labs (India). These companies have used both organic and inorganic growth strategies such as product launches, acquisitions, and partnerships to strengthen their position in the Predictive Maintenance Market.
Recent Developments:
In January 2024, Siemens and AWS deepened their collaboration to simplify the development and scaling of generative artificial intelligence (AI) applications for businesses across various industries and sizes. This partnership enables domain experts in fields like engineering, manufacturing, logistics, insurance, or banking to leverage advanced generative AI technology to create and enhance applications efficiently.In December 2023, ABB enhanced its ABB Ability Field Information Manager (FIM 3.0) to provide system engineers and maintenance teams with enhanced connectivity and expanded reach across the latest communication protocols.In June 2023, Qatar Airways and Google Cloud partnered to create innovative data and artificial intelligence (AI) solutions tailored for the airline industry. This collaboration will concentrate on enhancing areas like predictive maintenance, passenger experience, and cargo operations, aiming to elevate efficiency and customer satisfaction within the airline sector.In April 2023, TrendMiner launched an updated version of its predictive maintenance software, the Digital Twin Manager. This release includes enhanced support for cloud data sources from AWS and Microsoft, along with interactive search functionality, enabling users to make data-driven decisions more efficiently.In January 2023, AVEVA, a global leader in industrial software, finalized its acquisition by Schneider Electric. AVEVA’s strategic objective is to emerge as the top Software as a Service (SaaS) provider in software and industrial information, transitioning to a subscription-only business model.Inquire Before Buying@ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=8656856
Predictive Maintenance Market Advantages:
Through proactive equipment maintenance based on data-driven insights, the prevention of expensive unplanned downtime, and the reduction of repair costs, predictive maintenance assists organisations in cutting maintenance costs.Predictive maintenance increases equipment availability and uptime by anticipating possible equipment faults before they happen, guaranteeing continuous operations and maximising output.By locating and resolving underlying problems that may compromise the dependability and efficiency of equipment, predictive maintenance extends the life of assets and lowers the need for untimely replacements.Predictive maintenance reduces the likelihood of mishaps, injuries, and interruptions to operations brought on by malfunctioning equipment by anticipating possible equipment breakdowns.By scheduling maintenance jobs more effectively, predictive maintenance helps businesses minimise interruptions to existing operations and match maintenance duties with production schedules.Using data analytics and machine learning algorithms, predictive maintenance produces actionable insights that help with equipment investments, resource allocation, and maintenance strategy selection.Predictive maintenance ensures continuous functioning and customer satisfaction by proactively addressing equipment concerns, minimising unplanned downtime and production losses.Status-based maintenance techniques, which optimise maintenance resources and cut down on pointless inspections and repairs by triggering maintenance actions based on real-time equipment status data, are made possible by predictive maintenance.Report Objectives
To describe and forecast the Predictive Maintenance Market, in terms of value,by component, technology, technique, organization size, and verticalTo describe and forecast the Predictive Maintenance Market, in terms of value,by region—North America, Europe, Asia Pacific, Middle East & Africa and Latin AmericaTo provide detailed information regarding major factors influencing the market growth (drivers, restraints, opportunities, and challenges)To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and contribution to the overall Predictive Maintenance MarketTo profile key players and comprehensively analyze their market positions in terms of ranking and core competencies2, along with detailing the competitive landscape for market leadersTo analyze competitive developments such as joint ventures, mergers and acquisitions, product developments, and ongoing research and development (R&D) in the Predictive Maintenance MarketTo provide the illustrative segmentation, analysis, and projection of the main regional marketsBrowse Adjacent Markets: Analytics Market Research Reports & Consulting
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