GOTHENBURG, Sweden, July 5, 2024 /PRNewswire/ —  A new agreement has been signed between Viking Analytics and Bharat Forge Kilsta (BFK) from Karlskoga. The agreement, which is for three years, provides BFK with the AI-based optimization tool “Smartforge” after a 10-month implementation phase. Smartforge optimizes the forging process, primarily in the critical heat keeping process where the problems with scrap are greatest. The goal is to reduce discarded products by 50% and contribute to energy savings and a more environmentally friendly production.

Niclas Undén, CFO of Bharat Forge Kilsta, comments on the deal: “Through AI technology, a difficult step in the forging process is simplified. The result is lower scrap, lower energy consumption and reduced need for manual work. In SmartForge, Swedish heavy automotive industry meets world-leading AI technology from Viking Analytics. Bharat Forge Kilsta is very pleased with the collaboration with Viking Analytics, and we look forward to a deeper collaboration in the coming years.”
The majority of Bharat Forge’s customers are in the automotive industry and the value of this agreement exceeds SEK 4 million for both Viking Analytics and Bharat Forge.
Stefan Lagerkvist, COO at Viking Analytics: “This agreement is much more than a single business opportunity. Bharat forge has a lot of expertise in steel and forging, which contributes strongly to the solution. Their knowledge has been captured and translated into algorithms for better control of the process. This collaboration confirms everything we so long have been fighting for and gives us a great opportunity in the future to offer an environmentally friendly AI-powered solution to more factories within the Bharat Forge Group as well as to other players in the industry!”
Viking Analytics
Strong in predictive maintenance and smart industrial optimization
Since 2017 the Swedish company Viking Analytics has been at the forefront of revolutionizing the maintenance process for OEMs, maintenance companies and industries. Their commitment to predictive maintenance, smart automation, optimization, and data analytics is evident in their specialized software tool MultiViz, which enables industries to operate, monitor, and understand their machines with unparalleled precision and efficiency. Vibration analysis is a major focus area, but a lot of customized AI solutions are also provided.
Bharat Forge Kilsta
Forgings for the automotive industry
Bharat Forge Kilsta manufactures forged and machined components for the automotive industry. The company’s most important customers are truck manufacturers in Sweden and internationally. Bharat Forge Kilsta is part of the Bharat Forge Group, which is the world’s largest forging group and is headquartered in India. Bharat Forge Kilsta has an annual turnover of SEK 1.3 billion and 320 employees. The Swedish company is located in Karlskoga – the city in Eastern Värmland that is known for its high-tech, and internationally oriented, industrial companies.
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 Strong secular tailwinds drive investors’ interest in the region’s sector
SINGAPORE, July 5, 2024 /PRNewswire/ — CapitaLand Investment (CLI) has launched its latest research paper on investment strategies for Asia Pacific’s (APAC) data centre (DC) industry as part of its ‘Perspectives’ research series.  Leveraging insights from CLI’s expertise on the ground, the research paper highlights the demand drivers behind the rapid growth of DCs in the region and strategic investment considerations for investors. The paper also includes a case study on navigating India’s DC sector.

Ms Michelle Lee, CLI’s Managing Director, Private Funds (Data Centre), said: “Digitalisation is a global mega trend driving the growth of data centres. With the DC sector’s strong secular tailwinds, 97% of institutional investors plan to increase their capital allocation into the sector1, particularly in Asia Pacific. As DCs are more resilient, allocation to this asset class can be an integral part of investors’ portfolio diversification strategy.”
“CLI has accelerated our growth in the DC sector, adding 22 DCs since 2021. Today, we have 27 DCs with about US$4.5 billion assets under management and more than 800 megawatts (MW) in gross power across eight countries globally2.  CLI has vertically integrated DC capabilities spanning across design, development, sales, and operations. With DC domain capabilities, combined with our deep market knowledge, deal-sourcing and investment network in Asia, we are well-positioned to partner with investors to tap into the wealth of opportunities in the sector,” added Ms Lee.
APAC as a strong growth market
While cloud computing has been the primary driver for DC demand, the rise of artificial intelligence (AI) is now fuelling a more explosive growth. The revolution in the scale at which data is being used and managed is fundamentally a global phenomenon, but nowhere is it unfolding as rapidly as in APAC markets. On population per MW basis, APAC markets are underserved compared to regions such as EMEA and North America3.
APAC economies are not only growing faster, the region’s enormous population and swelling internet user base also cement its status as a highly attractive destination for DC investment. Its internet user base has grown seven-fold since 2005, compared to the growth of 1.9 times in the Americas and 1.8 times in Europe over the same period4. Going forward, APAC markets should continue to lead, as internet adoption further increases given the lower penetration rates in the region.
DC transactions in APAC rose about 2.4 times to approximately US$22 billion from 2019 to 2023, compared to the preceding five years, even as markets generally stagnated during the COVID-19 pandemic5.
While hyperscalers continue to drive DC demand, APAC colocation market is also expected to double in size to US$52 billion by 20266, becoming the world’s largest colocation DC market.
Key DC markets in APAC
Tokyo, Osaka, Seoul, Singapore and Sydney are key developed DC markets in APAC7. These markets have achieved scale and are important DC hubs in the region.
Beijing and Shanghai also show promise due to China’s large population, growing digital services sectors, strong government support, and robust long-term economic prospects. 
Increasing demand for DCs in India
Highlighting India as a hotspot for DC investment, Mr Sanjeev Dasgupta, CLI’s CEO for India, said: “India’s DC industry has seen increasing interest from institutional investors and has a long runway for further growth. India has the world’s second highest number of mobile subscribers and one of the fastest growing data consumption per user rates. The government’s digitalisation drive, data localisation regulation as well as the growth of cloud and AI will generate more demand for DC capacity. With CLI’s 30 years of experience in India, we have the capabilities and a deep understanding of the local market. We have a dedicated team of DC experts in India and are currently developing four DCs across the key markets of Mumbai, Bengaluru, Chennai and Hyderabad with a total gross power of 244 MW.”
The seven major cities in India – Mumbai, Bengaluru, Chennai, Hyderabad, Delhi NCR, Pune, and Kolkata – are the focal points for new DC development, offering strategic locations with proximity to key business centres. Mumbai stands out as the preeminent hub, hosting more than half of the country’s DC capacity8 with the other major cities mentioned developing strongly.
Opportunities and strategic considerations
Different DC models offer a spectrum of options for investors, catering to different preferences and risk appetites. However, the lack of stabilised DCs available for sale in APAC means the most promising opportunities for investors lie in developing new DCs – a strategy that can both satisfy new demand and yield higher returns.
Power availability has taken centre stage as a crucial determinant for DC locations. There is also a growing emphasis on sustainability. Increasingly, DC users and savvy operators are seeking to reduce their carbon footprints by being more energy-efficient and tapping renewable energy sources.
Investors should also be mindful of the geopolitical, regulatory and technological risks associated with DC investments. It is therefore crucial for investors to collaborate with DC partners who have a strong network, local expertise, and specialist domain knowledge.
To read the full research paper on DC investment strategies in APAC, visit: https://www.capitaland.com/global/en/about-capitaland/newsroom/Perspectives/2024/Apac_Data_Centre_Investment_Strategies_Age_of_Digitisation.html
Launched in 2022, Perspectives is CLI’s series of thematic and topical research reports aimed at providing proprietary insights on real asset investment trends and strategies, private equity developments, macroeconomy and markets. For more, visit:https://www.capitaland.com/en/investment/news-and-events/perspectives.html
[1] 2024 Global Data Centre Investor Sentiment Survey, CBRE.
[2] Includes data centres in operation and under development.
[3] The World Bank, United Nations, CBRE, CLI PERA Research, June 2024.
[4] ITU World Communication, CLI PERA Research, June 2024.
[5] MSCI, Real Capital Analytics, CLI PERA Research, June 2024.
[6] CBRE, CLI PERA Research, June 2024.
[7] CBRE, Cushman & Wakefield, DC Byte, CLI PERA Research, June 2024.
[8] Avendus, “DCs: Powering Digital India”, May 2023, DC Byte, CLI PERA Research, June 2024.
 
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Securden has become a leader and an outperformer with cutting-edge features, rapid market advancements, and consistent customer value.
WILMINGTON, Del., July 4, 2024 /PRNewswire/ — Securden, Inc., a leading provider of privileged access and identity security solutions, today announced that it has been recognized as a leader and outperformer in GigaOm Radar Report for Enterprise Password Management.

GigaOm rigorously evaluates vendors in various solution segments and produces Radar reports with valuable insights to assist enterprise decision-makers in evaluating and investing in solutions.
The GigaOm Radar 2024 on Enterprise Password Management examined 13 enterprise password management solutions. “Securden is positioned in the innovation quadrant. It offers a strong solution, and its approach is to take its customers on a journey to broader PAM, with password management simply one focus area. It scored well across all of the decision criteria we evaluated, placing it as a leader, and its execution of the emerging features and rate of progress in the market classify it as an Outperformer,” states the report.
Securden has earned top ratings in key evaluation criteria, including platform security, security auditing, PAM capabilities, ease of management, ease of use, and scalability.
“We are proud to be recognized as a market leader in Enterprise Password Management by GigaOm Radar,” said Bala Venkatramani, CEO of Securden, Inc. “Protecting various identities used by humans and machines is a top priority for IT teams. Our platform offers a comprehensive privileged identity security solution, witnessing rapid adoption by SMBs and Enterprises globally. With innovation at the core, we are committed to offering simplicity and affordability in cybersecurity. This recognition affirms our strong market presence and our focus on providing powerful capabilities to strengthen our customers’ security posture.”
Securden offers robust protection for the vault with controls like access hardening, resilient deployment, and strong data protection approaches. It offers insights into password usage, identifies poor practices, flags failure to follow password standards, issues breach warnings identifying compromised passwords, and more. These measures significantly help reduce password-related risks.
Streak of Recognition
EMA Research, a top industry analyst firm, recently published an impact brief recognizing the Securden Unified PAM MSP platform as a groundbreaking development in privileged access management for MSPs. “By eliminating the need for disparate PAM solutions and providing comprehensive functionality within a single package, Securden empowers MSPs to deliver robust, scalable, and secure PAM services to their clients with unparalleled efficiency and confidence,” states the impact brief.
About Securden
Securden provides leading privileged access governance and identity security solutions that uniquely combine critical security principles to prevent cyberattacks, malware propagation and insider exploitation. With products designed for security and scalability (Password Vault for Enterprises, Unified PAM, Endpoint Privilege Manager, and Unified PAM MSP), Securden is trusted by organizations worldwide, including large financial institutions, government agencies, healthcare organizations, educational institutions, IT service providers, MSPs, and manufacturing companies. For more information, visit https://www.securden.com.
Media ContactJames [email protected]
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