Artificial Intelligence
WealthTech Solution Market ($137.44Mn by 2028) Growth Forecast at 14.1% CAGR During 2021 to 2028 COVID Impact and Global Analysis by TheInsightPartners.com
New York, Aug. 27, 2021 (GLOBE NEWSWIRE) — WealthTech Solution Market: Key Insights
According to our new research study on “WealthTech Solution Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Component, End User, Organization Size, Deployment Mode, and Geography,” the WealthTech Solution Market is projected to reach US$ 137.44 million by 2028 from US$ 54.62 million in 2021; it is estimated to grow at a CAGR of 14.1% from 2021 to 2028.
WealthTech Solution Market: Competitive Landscape and Key Developments
FinMason, Inc.; aixigo AG; InvestCloud, Inc.; WealthTechs Inc.; Valuefy Solutions Private Limited; 3rd-eyes analytics AG; BlackRock, Inc.; Synechron; Wealthfront Inc.; and InvestSuite are a few key players operating in the global wealthtech solution market. The leading companies are focusing on the expansion and diversification of their market presence and the acquisition of new customer base, thereby tapping prevailing business opportunities.
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In March 2021, FinMason was selected by Informa Financial Intelligence’s Zephyr business, an analytics and visualization leader in the advisor space, to deliver ESG data from OWL Analytics via the FinRiver API to their Zephyr platform. This will combine FinMason’s API delivery system and OWL’s ESG Ratings for streamlined and accelerated deployment of holistic sustainable investing data across Portfolio Analytics & Performance.
With the digital transformation, the use of the cloud-based platform as these platforms deployed with simplicity in less time and at low deployment costs. Further, developed countries have matured internet infrastructure, while it is flourishing in several developing countries, which is a major factor contributing to the enhanced access of cloud-based platforms to end users. Financial analytics helps banking sectors to provide enhanced customer experience and risk management assistance. Cloud is emerging as a better alternative for banking and other financial service providers to store data and applications, and access advanced software applications through the internet. It helps synchronize enterprise operations and break down operational and data silos. Moreover, cloud-based financial analytics helps build resilient operations, drive business innovation, enhance IT security, and scale computing costs as needed. Therefore, the growing need of cloud-based financial analytics in the banking sector and other financial firms is bolstering the demand for WealthTech solutions. The companies offering financial analytics include FinMason, Inc.; WealthTechs Inc.; BlackRock, Inc.; and Synechron.
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WealthTech solutions provide real-time data that assists organizations to make better investment decisions, which, in turn, helps enhance managerial efficiency and operational agility. The rising expansion of businesses in North America and the increasing use of technologies in banks would boost the demand for the WealthTech solutions during the forecast period.
The WealthTech solution market in APAC is predicted to grow at the fastest rate during the forecast period. The financial industry is becoming digitalized as internet access rises in emerging nations across the region. WealthTech solutions deliver relevant data and regulatory compliance. Investors and investment managers are searching for digital communication tools that can allow them to access their portfolios quickly.
Organizations use financial analytics tools to gain insights into key present and future trends for improving their business performance. Financial analytics services include financial data quality analysis and data layout, client analytics, predictive analytics, principal component analysis, and financial data collection. These analytics require thorough financial and other relevant data to identify patterns; based on these predictions, enterprises may make predictions regarding what their customers would buy, how long their employees’ tenures might be, and so on. Thus, financial analytics services help organizations improve the profitability, cash flow, and business value. They may use the insights gained through these analytics to improve their revenues and business processes.
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Accenture PLC provides the newest data and analytics solutions for financial service providers, along with assisting them in deploying the same. Its services for these firms include cost analytics and enterprise performance analytics. With a prime focus in income statements, balance sheets, and cash flow statements, financial analysis is employed to evaluate economic trends, set financial policies, formulate long-term business plans, and pinpoint projects or companies for investments. Financial service providers, including investment banks, generate and store more data than any other businesses, as finance is a transaction-heavy industry. The banks used data to estimate risks for improving the overall profitability in the subsequent years. Therefore, with multiple benefits in banks and investment firms, the demand for financial analytics services increasing significantly, thus boosting the WealthTech solutions market growth.
WealthTech Solution Market: End User Overview
Based on end user, the wealthtech solution market is segmented into banks, wealth management firms, and others. In 2020, the wealth management firms segment accounted for the largest market share.
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Artificial Intelligence
LTA’s Padel Programme Teams Up with Skylab for Enhanced Performance Analytics
MANCHESTER, England, April 17, 2024 /PRNewswire/ — Skylab, a UK-based specialist in sports technology and performance analysis, proudly announces its partnership with LTA Padel, solidifying its position as a premier provider of specialised services in the sports industry. This collaboration underscores Skylab’s commitment to excellence and showcases its ability to deliver innovative and diverse solutions tailored specifically for elite sports organisations like LTA Padel.
The LTA’s Padel performance programme in Great Britain will utilise Skylab’s Game Intelligence product and Performance Analysis services. The software will empower athletes and coaches alike with interactive and detailed match data, seamlessly integrated into intuitive dashboards that create automated video playlists. The Padel team at the LTA will gain a deeper understanding of padel at the elite level to support their talent identification, player pathway and coaching strategies as they strive to compete with the world’s best.
“Previously, Padel players lacked accurate and robust performance data, which made it impossible to analyse the opposition in detail. Coaches couldn’t answer their players’ key performance questions quickly, and performance directors had to rely on gut feeling and experience when evidencing what elite Padel looks like. However, our product and services provide practitioners with insights into the technical and tactical aspects of the game, as well as the physical demands required for elite-level performance. This allows practitioners to understand and predict the future performance of their players, enabling them to make data-informed decisions” says Ciaran Skinner, Business Development Manager, Skylab.
Skylab is a first-of-its-kind sports technology firm, offering tailored, market-leading Performance Analysis services and bespoke web platforms to elite sporting clients. It revolutionises how elite sports teams and individuals interact, use, and visualise their data. By packaging performance analysis with industry leading UX and bespoke software, partners will be in the position to make better decisions in sport.
For more information about Skylab and its services, please visit skylab.com or contact [email protected]
Notes
Website: www.skylab.com
https://skylab.com/padel-performance-insights/
Social:
LinkedIn – Skylab: https://www.linkedin.com/company/studio-skylab
LinkedIn – Skylab: Elite Performance Analysis: www.linkedin.com/company/skylab-epa/
About Skylab
Skylab is a first-of-its-kind sports technology firm, offering tailored, market-leading Performance Analysis services and bespoke web platforms to elite sporting clients. It revolutionises how elite sports teams and individuals interact, use, and visualise their data. By packaging performance analysis with industry leading UX and bespoke software, partners will be in the position to make better decisions in sport. Current clients include elite teams and organisations across Padel, Football, Athletics, Tennis, Rowing and more.
Photo – https://mma.prnewswire.com/media/2388380/skylab_sports_technology_performance_analysis.jpg
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Artificial Intelligence
Unisys Digital Workplace Solutions Receives HDI’s IT Support Center Recertification, Recognizing Continued Excellence in IT Support
Certification highlights the company’s ongoing optimization of IT support and recognizes Unisys as the only globally certified managed service provider
BLUE BELL, Pa., April 17, 2024 /PRNewswire/ — Unisys (NYSE: UIS) has achieved recertification through HDI’s IT Support Center Certification program, demonstrating the company’s commitment to exceeding IT support expectations and achieving biannual recertification. HDI is the leading organization dedicated to elevating technical support and service management across enterprises.
HDI’s Support Center Certification is based on an internationally recognized standard for best practices in IT support and global validation of organizations with support divisions that operate efficiently and effectively, ultimately leading to increased customer satisfaction and retention. The audit demonstrated that Unisys provides world-class desk services to its clients and that Unisys customer experience measures are significantly more advanced than those of most organizations.
“I congratulate the entire Unisys team on achieving HDI Support Center Certification for their Global Service Desk,” said Tara Gibb, senior director, HDI. “As an HDI-Certified Support Center, Unisys Global Service Desk is part of an elite circle of support centers dedicated to quality operations, continuous improvement, strategic vision, a positive work environment and high levels of customer service.”
This assessment of Unisys reflects a 15% increase in overall performance and significant strides since the last certification audit in 2021. Key strengths highlighted in the recertification report include adding the Experience Management Office into the overall delivery model, implementing 14 Experience Level Agreements (XLA) in the production environment and focusing on proactive business development predictive experiences. Unisys received high marks for overall leadership, strategy and policy, and people management.
“The recertification represents the continuous work of our team to optimize IT support operations, progress the maturity of our advanced Global Service Desk capability and maintain our commitment to helping our clients achieve breakthroughs with superior IT support,” said Patrycja Sobera, global vice president, Digital Workplace Solutions Delivery, Unisys.
Patrycja Sobera has also been highlighted as one of HDI’s Top 25 Thought Leaders for 2024, and Unisys has been named a finalist in four key categories of the 2024 HDI Global Service and Support Awards:
Best Service and Support ManagerBest Service Improvement InitiativeBest Customer ExperienceBest Use of TechnologyThe HDI Global Service and Support Awards 2024 winners will be revealed at HDI SupportWorld Live in May 2024. In 2023, Unisys was named the winner in the Best Culture and Best Support Organization categories.
To learn more about the company’s global service desk offerings, click here.
About Unisys
Unisys is a global technology solutions company that powers breakthroughs for the world’s leading organizations. Our solutions – cloud, data and AI, digital workplace, logistics and enterprise computing – help our clients challenge the status quo and unlock their full potential. To learn how we have been helping clients push what’s possible for 150 years, visit unisys.com and follow us on LinkedIn.
RELEASE NO.: 0417/9944Unisys and other Unisys products and services mentioned herein, as well as their respective logos, are trademarks or registered trademarks of Unisys Corporation. Any other brand or product referenced herein is acknowledged to be a trademark or registered trademark of its respective holder.UIS-C
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Artificial Intelligence
Huawei Introduces AI Technologies to Accelerate Network Transformation Towards All Intelligence in the Net5.5G Era
SHENZHEN, China, April 17, 2024 /PRNewswire/ — At Huawei Analyst Summit 2024, Steven Zhao, Vice President of Huawei’s Data Communication Product Line, delivered a speech entitled “Accelerating Network Transformation Towards All Intelligence”. Mr. Zhao shed light on how Huawei introduced AI technologies to upgrade network capabilities at case-, process-, and system-levels and accelerate network intelligence. Participants, including industry partners, also explored the current trends and future prospects of the Net5.5G industry.
“As AI technologies advance, we see the inflection point for deploying network intelligence. Networks need to be deeply integrated with AI technologies, propelling Net5.5G networks into the intelligent era,” said Steven Zhao. “We believe network innovation in the Net5.5G era covers two aspects: AI for Networks and Networks for AI. An intelligent network entails intelligent network elements (NEs), digital twins, and generative AI, which underpin efficient, intelligent network operations. And AI-powered network solutions accurately meet the needs of intelligent networks and, more importantly, turbocharge AI training and maximize the transmission capacity of intelligent computing.”
Huawei has pioneered in applying network intelligence technologies to the data communication field. Specifically, Huawei’s groundbreaking Net Master (powered by generative AI) and HD network digital map accelerate the pace towards L4 autonomous networks. Net5.5G High-Quality 10 Gbps CloudCampus leverages AI technologies to upgrade wireless, application, and operations and maintenance (O&M) experience. And Net5.5G Converged WAN — featuring high throughput, high elasticity, and highly guaranteed performance — offers intelligent transmission capacity for the computing power era. HiSec SASE enables intelligent defense and increases security operations efficiency by 100 times.
Ethan, Infrastructure Network Director at iFlytek, shared their innovative practices with Huawei’s Net5.5G Xinghe Data Center Network Solution. This solution empowers iFlytek with a cluster of over 10,000 GPUs/NPUs, improving AI model training efficiency by 17% while slashing AI training interruptions by 80%.
2024 is the first year for Net5.5G commercial use. At this event, the World Broadband Association (WBBA) and its members put forward Net5.5G industry initiatives to build high-speed, premium network infrastructures. China Academy of Information and Communications Technology (CAICT) also delved into Net5.5G next-generation Internet architectures, marking another wave of innovation in network technology.
Steven Zhao called on all industry stakeholders to jointly embrace Net5.5G, introduce intelligent technologies, deploy network digital twins at scale, and inspire AI technology innovation, ultimately accelerating network transformation towards all intelligence.
Photo – https://mma.prnewswire.com/media/2390040/Huawei.jpg
View original content:https://www.prnewswire.co.uk/news-releases/huawei-introduces-ai-technologies-to-accelerate-network-transformation-towards-all-intelligence-in-the-net5-5g-era-302119770.html
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