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Energy Management System Market to Experience Robust Growth at a CAGR of 14.6% during 2022-2032 | Market.us Report
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New York, March 29, 2023 (GLOBE NEWSWIRE) — The Global Energy Management System Market was worth USD 55.2 Billion in 2022 and is projected to reach approximately USD 208.4 Billion by 2032. It is anticipated that this market will experience the highest Compound Annual Growth Rate (CAGR) of 14.6% between 2023 and 2032.
The energy management system is used to endure, manage and remotely monitor various industries like power and energy, telecommunications and IT, healthcare, and many other industries. Energy management systems organize all the information regarding saving energy and track the usage of data. It focuses on reducing electronic waste and replacing it with advanced technologies, which helps to save energy.
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Key Takeaway:
- By Product, industrial energy management systems (IEMS) will dominate the market in 2022.
- By Component, the hardware segment accounted for the largest revenue share in 2022.
- By Solution, carbon energy management leads the market with a major share of the account.
- By Deployment Mode, the on-premise segment will dominate over the cloud-based segment in 2022.
- By End-Use Industry, the Manufacturing segment is expected to grow at an exponential growth rate during the forecast period of 2023 to 2032.
- In 2022, North America dominated the market with the highest revenue share of 33.6%.
- Asia-Pacific will grow at a significant CAGR over the forecast period of 2023-2032.
An energy management system plays a very important role in creating opportunities for organizations to improve and adopt energy-saving technologies. Energy management system providers are investing in development to gain momentum to increase energy efficiency and power generation flexibility by ensuring energy supply stability. The Green Energy Consumer emphasizes quality and occupancy sensors for regulating energy consumption. Technologies that minimize energy consumption can lead to decarbonization trends by avoiding the use of fossil fuels and switching to renewable energy.
Factors affecting the growth of the Energy Management System industry?
There are several factors that can affect the growth of the energy management system industry. Some of these factors include:
- Reduced energy cost: adoption of energy management systems in organizations has reduced the cost of operation for companies. That is boosting the growth of the energy management market.
- Government support: governments across the world are supporting the adoption of energy management systems through various policies and programs. This is driving the growth of the energy management system market.
- Increasing demand in SMEs: many small and medium enterprises are adopting the energy management system for its benefits in management.
- Technological developments: major companies in the energy management system market are investing in innovation and technological advancements in the energy management system.
- Adoption of renewable energy: individuals across the world are accepting and implementing renewable energy in both commercial and residential use.
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Top Trends in Global Energy Management System Market
The COVID-19 pandemic outbreak has forced organizations to adopt artificial intelligence-powered building management systems to optimize and automate energy use.
The COVID-19 pandemic has made organizations in developing countries adopt the technologies like edge artificial intelligence. Common hybrid work cultures and rotating timetables have fuelled the trend toward intelligent building management. The edge AI has offered a building management system that enhances security makes better use of building resources, minimizes energy consumption, and provides better occupant comfort. These factors are expected to drive the growth of the energy management market during the forecast period.
Market Growth
Energy management systems help to reduce energy costs. Even governments of established and emerging countries have implemented various programs and policies in favor of the introduction and acceptance of energy management systems in the global market. Energy management systems are considered one of the most innovative technologies in the power and energy sector.
Small and medium industries are using energy management systems due to the benefits they provide. One of the most important factors driving the growth of the global energy management system market is technological development. In addition, governments are investing heavily in developing energy management systems. These factors are driving the growth of the global energy management system market during the forecast period.
Regional Analysis
North America leads the energy management system market with a 33.6% share in the account. The domination of the North American region is due to countries like the United States and Canada are said to offer revenue-generating opportunities in the market. Smart grid adoption and infrastructure spending have significantly increased in this region. According to reports, investments in power grids are expected to grow, making the United States the leading source of infrastructure investment. Moreover, the demand for smart energy has been remarkably accepted across the region, prompting stakeholders to invest in the energy management system. Strong demand for internet of things based solutions is expected in the commercial, residential, and construction sectors.
Behind the North American region, Asia Pacific is expected to grow at a significant CAGR during the forecast period. The growth of the Asia Pacific region is due to the advantages offered by the agencies in the region, like tax advantages, industrial growth, and subsidies. Factors like these are fuelling the growth of the energy management system in the Asia Pacific region.
Competitive Landscape
The competitive landscape of the market has also been examined in this report. Some of the major players include General Electric Company, Elster Group GmbH, Honeywell International Inc., Cisco Systems Inc., Daintree Networks, Emerson Process Management, Siemens AG, Schneider Electric, Daikin Industries, C3 Energy, Johnson Controls Inc., and other key players.
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Scope of the report
| Report Attribute | Details |
| Market Value (2022) | USD 55.2 billion |
| Market Size (2032) | USD 208.4 Billion |
| CAGR (from 2023 to 2032) | 14.6% |
| North America Revenue Share | 33.6% |
| Historic Period | 2016 to 2022 |
| Base Year | 2022 |
| Forecast Year | 2023 to 2032 |
Market Drivers
Energy loss due to the use of fossil fuels has become a global problem. Governments around the world are heavily investing in developing safe, efficient, and long-term energy systems. This is driving the growth of energy management systems in the market. Also, increasing energy demands due to urbanization and the introduction of Industry 4.0 are forcing organizations and businesses to adopt energy management systems. Global warming, climate change, and natural disasters have forced companies to adopt energy efficiency systems like energy management systems. This is expected to boost the market during the forecast period.
Energy demand is increasing exponentially with ongoing urbanization, population growth, and increasing personal needs. Addressing these issues, using energy effectively, reducing costs, improving profitability, and complying with environmental regulations requires an efficient energy management system. The energy management system cuts fuel consumption in half and allows energy to be managed more efficiently by reducing the company’s operating costs. These factors are driving the growth of the energy management system market.
Market Restraints
The need for energy management systems is increasing all over the world. However, some small and medium enterprises are still unaware of the benefits of energy management systems, which may hamper the growth of the energy management system market. Large companies use advanced energy management systems within their organizations because of their large infrastructures. On the other hand, the high installation and implementation costs limit its acceptance in small and medium enterprises.
Market Opportunities
The development of advanced infrastructure, along with the progress of urbanization, has increased the demand for advanced energy management systems. This has a direct impact on the deployment of smart grids and meters in both developed and developing countries. Implementing a smart grid in organizations can reduce operational costs and increase efficiency. An increase in smart meter and grid installations are expected to create lucrative opportunities for the energy management system market during the forecast period.
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Report Segmentation of the Energy Management System Market
Product Insight
By product, the energy management system is classified into Building Energy Management Systems (BEMS), Industrial Energy Management Systems (IEMS), and Home Energy Management Systems (HEMS). From these products, the industrial energy management systems segment leads the market with a major revenue share in the account. The growth of this segment is attributed to the increasing shift towards energy efficiency. This is anticipated to drive the growth of the energy management systems market during the forecast period.
Building energy management systems (BEMS) is anticipated to grow at a significant CAGR over the forecast period. The growth of this segment is owing to the increasing use of internet of things integrated devices and connectivity. To monitor the real-time data for efficient management of buildings, smart buildings are expected to adopt digital building solutions and the internet of things. Also, the massive shift towards industry 4.0 has boosted the growth of this segment in the market.
Component Insight
The energy management system is divided into hardware, software, and services on the basis of components. Among these components the hardware segment dominated the market owing to the increasing adoption of communication and sensing technology. The functions like controlling and monitoring the building operations are moving towards the integration of intelligence in the system. This is expected to boost the growth of the hardware segment in the energy management system market.
After the hardware segment, the software segment is anticipated to grow at a high CAGR during the forecast period. The growth of this segment is owing to the importance of software in minimizing energy consumption by giving information related to energy consumption patterns. The software’s gaining popularity to obtain the advantages like reducing energy costs, monitoring data, and streamlining workflow. These factors are anticipated to drive the growth of the software segment throughout the forecast period.
Solution Insight
The carbon energy management segment held the largest share of the energy management system market in 2022. The growth of this segment is due to increasing environmental awareness and the depletion of fossil fuel reserves. The carbon energy management system is used to reduce greenhouse gas emissions and carbon emissions. These factors are driving the growth of this segment.
utility billing and customer information systems are expected to be the fastest-growing CAGR segment. Utility billing and customer information systems help manage customer data very efficiently and effectively. It also helps customers reduce their administrative costs. These factors are driving the growth of this segment in the market.
Deployment Mode Insight
The on-premise deployment mode will cover the largest market revenue share in 2022. The growth of the on-premise deployment mode is owing to the increasing adoption of this segment in developed countries. Whereas, cloud-based deployment mode is expected to grow significantly over the forecast period. The growth of this segment is driven by the factors like reduced cost and carbon emissions in the environment. Cloud-based deployment mode helps businesses and organizations by accessing and monitoring the data remotely. These factors are anticipated to boost the cloud-based deployment mode segment in the energy management system.
End-Use Industry Insight
The manufacturing industry dominated the end-use industry segment in the energy management system market in 2022. Energy management systems help the manufacturing sector reduce industry costs and emissions. Energy management systems enable manufacturing companies to operate machines optimally and save energy. These factors are boosting the growth of the manufacturing segment in the market.
The power and energy segment is expected to grow at the fastest CAGR during the forecast period of 2023-2032. Energy management systems are used in the power and energy sector to monitor and track energy usage in real time. Energy management systems support the power and energy sector through seamless, energy-saving operations. These factors are driving the growth of this segment during the forecast period.
Recent Development of the Energy Management System Market
- In March 2020, Yokogawa India Ltd. Partnered with APB Corporation of Japan to develop an energy management system business in India.
- In December 2021, General Electric acquired Opus One Solutions Energy Corporation. It is a software company which offers helps to optimize energy planning and operations.
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Market Segmentation
By Product
- Building Energy Management Systems (BEMS)
- Home Energy Management Systems (HEMS)
- Industrial Energy Management Systems (IEMS)
By Component
- Hardware
- Software
- Services
By Solution
- Demand Response Management
- Utility Billing and Customer Information System
- Carbon Energy Management
By Deployment Mode
- On-Premises
- Cloud-Based
By End-Use Industry
- Manufacturing
- Retail & Offices
- Healthcare
- Power and Energy
- Telecommunication and IT
- Residential
- Other End-Use Industry
By Geography
- North America
- The US
- Canada
- Mexico
- Western Europe
- Germany
- France
- The UK
- Spain
- Italy
- Portugal
- Ireland
- Austria
- Switzerland
- Benelux
- Nordic
- Rest of Western Europe
- Eastern Europe
- Russia
- Poland
- The Czech Republic
- Greece
- Rest of Eastern Europe
- APAC
- China
- Japan
- South Korea
- India
- Australia & New Zealand
- Indonesia
- Malaysia
- Philippines
- Singapore
- Thailand
- Vietnam
- Rest of APAC
- Latin America
- Brazil
- Colombia
- Chile
- Argentina
- Costa Rica
- Rest of Latin America
- Middle East & Africa
-
- Algeria
- Egypt
- Israel
- Kuwait
- Nigeria
- Saudi Arabia
- South Africa
- Turkey
- United Arab Emirates
- Rest of MEA
-
Market Key Players:
- Siemens AG
- Honeywell International Inc.
- General Electric Company
- Cisco Systems Inc.
- Schneider Electric
- Emerson Process Management
- Elster Group GmbH
- Daintree Networks
- C3 Energy
- Daikin Industries
- Johnson Controls Inc.
- Other Key Players
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Artificial Intelligence
Southeast Asia Data Center Construction Market Investment to Reach $5.29 Billion by 2029 – Exclusive Research Report by Arizton
CHICAGO, May 15, 2024 /PRNewswire/ — According to Arizton’s latest research report, the Southeast Asia data center construction market is growing at a CAGR of 11.69% during 2023-2029.
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Browse in-depth TOC on the Southeast Asia Data Center Construction Market
36 – Tables 116 – Figures 352 – Pages
Southeast Asia Data Center Construction Market Report Scope
Report Attributes
Details
Market Size – Investment (2029)
USD 5.29 Billion
Market Size – Investment (2023)
USD 2.80 Billion
CAGR – Investment (2023-2029)
11.18 %
Market Size – Area (2029)
3,079 Thousand Square Feet
Power Capacity (2029)
578 MW
Historic Year
2020-2022
Base Year
2023
Forecast Year
2024-2029
Regional Analysis
Southeast Asia (Singapore, Indonesia, Malaysia, Thailand, Philippines, Vietnam, and Other Southeast Asia Countries)
The Southeast Asia data center construction market is one of the fastest-developing markets globally, driven by the increase in cloud adoption, the advent of 5G services, and the adoption of AI, Big data, and IoT technology. Singapore, Malaysia, Indonesia, and Thailand have robust connectivity and are among the most connected countries in Southeast Asia. Singapore is the gateway and an integral interconnection point to several APAC countries, including Japan, South Korea, Vietnam, and Pakistan. The adoption of cloud-based services will likely be a significant driver of the data center market over the next few years.
Moreover, Singapore boasts the largest existing capacity in the region, and countries such as Malaysia, Indonesia, and the Philippines are outpacing it in terms of new investments, collectively capturing over 50% of the market share for new investments. This trend can be attributed to several factors, including lower energy costs, increased renewable energy sources, and inexpensive labor and land availability. These factors are influencing companies’ decisions to invest in these emerging markets.
Watch Out for How Advancing in Adoption of AI Boosting the Market Growth
In June 2023, Run ai, a company that manages computing resources for AI tasks, announced a strategic partnership with AI Singapore. AI Singapore, a national R&D initiative led by the National Research Foundation, Singapore, aims to establish strong AI capabilities in the country. This collaboration aims to provide scalable infrastructure solutions for various AI projects and assist AI Singapore in its mission to expedite AI adoption across industries.AI Singapore, as the country’s AI initiative, holds a pivotal position in aiding organizations in adopting AI solutions. It has made significant strides through its notable 100 Experiments Programme (100E) and the acclaimed AI Apprenticeship Programme (AIAP). Collaborating with over 60 companies, they’ve trained over 200 Singaporean AI engineers to create, assess, and implement numerous AI models that tackle real-world challenges.While AI investments primarily focus on Singapore, nine out of the top 10 deals involved start-ups based in Singapore that cater to various businesses and use cases throughout the region. For instance, Biofourmis, a health analytics platform analyzing physiological data from clinical-grade wearables, operates in both Singapore and Indonesia. Similarly, Tookitaki, a sophisticated decision-support system for compliance programs in the financial services sector, extends its operations across the six major Southeast Asian countries.The Southeast Asia Colocation Data Center Market by Investment to Reach $4 Billion by 2029
In Southeast Asia, colocation investments in Singapore declined significantly over the last few years owing to the lack of space for new builds. This has led to the spill over demand toward Indonesia and Malaysia. The upcoming capacity of under-construction announced and planned data center campuses across these two countries will overtake Singapore’s existing colocation capacity. In the same year, BDx Indonesia, Chindata Group, EdgeConneX, Equinix, Keppel Data Centres, GDS Services, Princeton Digital Group, and others invested in developing colocation data center facilities in the region.
The Southeast Asia Data Center Construction Market Report Encompasses Crucial Data, Including: CAGR (Compound Annual Growth Rate) during the forecast period: This metric provides insights into the annual growth rate of the Southeast Asia data center construction market over the specified time frame. Detailed information on growth drivers: The report offers in-depth information on the factors that will propel the Southeast Asia data center construction market growth from 2023 to 2029. This includes an analysis of various market influences. Precise estimation of market size: Accurate assessments of the Southeast Asia data center construction market size and its contribution and focusing on key market segments. Predictions about upcoming trends and changes in consumer behavior: The report offers insights into anticipated trends and shifts in consumer behavior that are likely to impact the Southeast Asia data center construction market helping businesses prepare for future market dynamics. Geographical market growth: The report covers the development of the data center construction market across Southeast Asia.Competitive landscape analysis: A thorough examination of the market’s competitive landscape is presented, including detailed information about companies operating in the Southeast Asia data center construction market. This includes an overview of key players, their market share, strategies, and key developments. Analysis of growth challenges: The report includes a comprehensive analysis of factors that may pose challenges to the growth of companies in the Southeast Asia data center construction market, providing a well-rounded view of the market dynamics.
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Post-Purchase Benefit
1hr of free analyst discussion10% off on customizationThe Report Includes the Investment in the Following Areas:
Facility Type
Colocation Data CentersHyperscale Data CentersEnterprise Data CentersInfrastructure
Electrical InfrastructureMechanical InfrastructureGeneral ConstructionElectrical Infrastructure
UPS SystemsGeneratorsTransfer Switches & SwitchgearPDUsOther Electrical InfrastructureMechanical Infrastructure
Cooling SystemsRacksOther Mechanical InfrastructureCooling Systems
CRAC & CRAH UnitsChiller UnitsCooling Towers, Condensers & Dry CoolersOther Cooling UnitsCooling Techniques
Air-based CoolingLiquid-based CoolingGeneral Construction
Core & Shell DevelopmentInstallation & Commissioning ServicesEngineering & Building DesignFire Detection & SuppressionPhysical SecurityDCIM/BMS SolutionsTier Standard
Tier I & IITier IIITier IVGeography
Southeast Asia
SingaporeIndonesiaMalaysiaThailandPhilippinesVietnamOther Southeast Asia CountriesVendors
Key Construction Contractors
ArupAurecon GroupCSF GroupDSCO GroupGammon ConstructionNTT FacilitiesPM GroupStudio One DesignOther Prominent Construction Contractors
AtkinsRéalisAWP ArchitectsCorganDPR ConstructionFirst BalfourFortis ConstructionISGKienta Engineering ConstructionLinesightLSK EngineeringM+W GroupNakano CorporationObayashi CorporationPowerware SystemsSato KogyoRed EngineeringProminent Support Infrastructure Vendors
ABBCaterpillarCisco SystemsCumminsDell TechnologiesEatonRittalSchneider ElectricSTULZVertivOther Prominent Support Infrastructure Vendors
AiredaleAlfa LavalCanovateCyber Power SystemsDelta ElectronicsEAEFuji ElectricFujitsuGreen Revolution CoolingHewlett Packard EnterpriseHITEC Power ProtectionHuawei TechnologiesKOHLER PowerLegrandLenovoMitsubishi ElectricNaradaNortek Air SolutionsPiller Power SystemsRolls-RoyceShenzhen Envicool TechnologySiemensSocomecTraneProminent Data Center Investors
Amazon Web ServicesChindata Group (Bridge Data Centres)DCI IndonesiaDigital RealtyePLDTEquinixGDS ServicesKeppel Data CentresNTT DATAST Telemedia Global Data CentresTelkom IndonesiaVADS (Telekom Malaysia)Viettel IDCOther Prominent Data Center Investors
AirTrunkBeeinfotechBig Data Exchange (BDx)Converge ICT SolutionsDigital Edge DCMeta (Facebook)FPT TelecomGoogleMettaDCMicrosoftOneAsia NetworkOpen DCPrinceton Digital GroupSingtelVantage Data CentersNew Entrants
CtrlS DatacentersDigital HaloEdgeConneXEvolution Data CentresFlow Digital InfrastructureFutureData (Cyclect Group + TSG Group)Gaw CapitalI-BerhadInfinaxis Data CentreInfracrowd CapitalK2 Data CentresMinoro Energi IndonesiaNautilus Data TechnologiesPure Data Centres GroupYCO CloudYTL Data CenterYondrKey Questions Answered in the Report:
How big is the Southeast Asia data center construction market?What is the estimated market size in terms of area in the Southeast Asia data center construction market by 2029?What is the growth rate of the Southeast Asia data center construction market?What are the key trends in the Southeast Asia data center construction market?How many MW of power capacity is expected to reach the Southeast Asia data center construction market by 2029?
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https://www.arizton.com/market-reports/latin-america-data-center-construction-market-size-and-analysis-2024
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https://www.arizton.com/market-reports/southeast-asia-data-center-market
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Artificial Intelligence
Doceree Launches HIEP to Unveil the Untapped Potential of Healthcare Digital Platforms
LONDON, May 15, 2024 /PRNewswire/ — Doceree, the leading global healthcare marketing platform building unprecedented programmatic solutions for HCP marketing, today announced the launch of its highly anticipated HIEP (High Interaction & Engagement Platforms) UK and Europe edition. Presented in collaboration with WPP’s healthcare specialist agency CMI Media Group, the groundbreaking report profiles endemic, point-of-care, and physician networking platforms in a digital engagement context, shedding light on their potential to power interactions and drive communications in the healthcare industry.
In the current landscape, the healthcare sector exhibits preference for an omnichannel marketing approach that effectively combines digital and traditional channels. This shift underscores the critical importance for pharmaceutical marketers to excel in digital strategies. Yet, challenges persist within the pharmaceutical and life sciences industries regarding the optimal selection of digital platforms to engage healthcare professionals (HCPs), as marketers often lack a comprehensive understanding of the available digital tools to formulate precise strategies for digital budget allocation.
To bridge this knowledge gap, and empower marketers with better engagement and decision-making, Doceree introduced HIEP as a medium that could help brands forge neatly choreographed digital strategies, thereby bringing efficiency to operations at scale and improve business outcomes. The report focuses on how the digital medium can be harnessed to create a win-win situation for all the stakeholders—marketers, in terms of efficiency; publishers, in terms of revenue; HCPs, for knowledge exchange and for better treatment outcomes.
Commenting on the report launch, Harshit Jain MD, Founder & Global CEO, Doceree, said, ” We are thrilled to introduce the HIEP report (UK/EU edition) as it marks a significant step forward in advancing healthcare marketing strategies in the UK and Europe and leveraging the power of digital platforms to engage HCPs effectively in the region. What’s particularly exciting is how marketers can effortlessly map and track HCPs’ digital interactions and engagement, and fine-tune omnichannel marketing campaigns, to ultimately amplifying impact and generate superior returns on investment with HIEP. We anticipate that this report will greatly benefit our pharmaceutical and agency partners in the UK & Europe region, and we are eager to replicate this success in other regions throughout the year”.
Commenting on the initiative, Joe Warren, EVP, Growth, CMI Media Group, said, “Collaborating with Doceree on the HIEP initiative allows us to shed light on the global impact marketers can make in healthcare. This partnership reaffirms our commitment to enhancing healthcare outcomes in the region and underscores the importance of understanding channels and partners for crafting superior omnichannel strategies. Together, we aim to drive awareness and empower marketers with the insights they need to make a meaningful impact in healthcare marketing.”
Key highlights of the HIEP report include:
In-depth analysis of endemic, point-of-care, and physician networking platformsCase studies showcasing successful integration of digital platforms in healthcare marketingRecommendations for optimizing omnichannel marketing campaigns and maximizing ROIThe report by Doceree has been meticulously crafted in collaboration with research partner Brand Innerworld and is proudly presented in association with CMI Media Group, a distinguished global media agency recognized for its significant contributions to the healthcare sector.
For more information about Doceree and the HIEP report, visit https://doceree.com/in/reports/hiep/
About Doceree:
Doceree is a leading global platform dedicated to revolutionizing HCP programmatic messaging with cutting-edge, proprietary data tools. By fostering direct messaging between life sciences brands and HCPs, Doceree enables the delivery of personalized communications through an extensive global network of digital endemic and point-of-care platforms. The result is transparent marketing campaign metrics and personalized messaging at scale. To explore how Doceree can transform your healthcare communication. Learn more at www.doceree.com.
About CMI Media Group:
CMI Media Group, a WPP company (NYSE: WPP, http://www.wpp.com), is a full-service media agency focused solely on health, wellness, and pharmaceutical marketing. CMI Media Group’s core offerings include Audience Strategy, Planning, Development, and Insights; Data and Analytics; Buying and Investment; and Direct Response and Customer Experience. As the leading media resource for the world’s top healthcare companies, CMI Media Group brings together leading technology, data, and talent to deliver seamless capabilities for clients. CMI Media Group has been recognized as a leader in DE&I, talent retention and employee development as well as one of the industry’s best places to work. Visit https://cmimediagroup.com/.
About Brand Innerworld:
Brand Innerworld is a leading healthcare brand consultancy and insight mining firm providing specialized solutions with the help of AI technology. The consultancy is dedicated to transforming healthcare brands into market leaders. With meticulous primary and secondary research, the firm captures deep insights into the experiences of healthcare professionals and patients. Specializing in blending these insights with marketing and media acumen, Brand Innerworld equips healthcare brands with actionable strategies that enhance patient outcomes and brand growth. Serving multinational healthcare corporations, medical device companies, and tech platforms, Brand Innerworld is recognized for its innovative approach to medical marketing. Learn more about Brand Innerworld at https://brandinnerworld.com
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Artificial Intelligence
Trianz Appoints Ravishankar Savita as Head of Data & Analytics Practice, Reaffirming Commitment to Data-Driven Transformation Excellence
SANTA CLARA, Calif., May 15, 2024 /PRNewswire/ — Digital transformation technology & services company Trianz is pleased to announce the appointment of Ravishankar Savita as the Head of Data & Analytics Practice. With over two decades of experience in technology transformation and system engineering, Ravishankar brings a wealth of strategic leadership and expertise in architecting and leading large scale digital transformation to Trianz.
Ravishankar’s appointment marks a pivotal moment for Trianz as it reaffirms its commitment to redefine the digital landscape through an “IP Led” model, leveraging its cutting-edge hyper-automated platforms, including Concierto.Cloud, Extrica.AI, and Pulse. Ravishankar’s demonstrated success in scaling practices, cultivating innovation ecosystems, and fostering strategic partnerships position him as a key asset in spearheading the Data & Analytics Practice.
“We are thrilled to welcome Ravishankar Savita to Trianz as our new Head of Data & Analytics Practice,” said Seshi Vanguru, Chief Revenue Officer at Trianz. “His strategic acumen, strong analytical skills, and exceptional ability to cultivate meaningful relationships will play a pivotal role in driving tangible business outcomes and fostering sustainable growth within our Data & Analytics Practice. As we continue to innovate and deliver transformative solutions to our clients, Ravishankar’s leadership will undoubtedly strengthen our commitment to driving value and excellence in the data-driven era.”
Ravishankar’s distinguished career includes senior leadership roles at renowned organizations such as Virtusa, Agilent Technologies, and NXP Semiconductors, where he incubated and scaled high performing offerings, platforms, and teams to drive business value in Data & Analytics, AI, API Integration, Microservices, SDLC Automation, Middleware Solutions, Application Modernization, and Generative AI.
“I am excited to join Trianz and lead the Data & Analytics Practice during this transformative era of digital evolution,” said Ravishankar. “I look forward to collaborating with the exceptional team at Trianz to deliver innovative solutions that not only meet but exceed our clients’ expectations. By leveraging cutting-edge, IP-led solutions, we’ll not only redefine the industry standards but also solidify our reputation as the go-to partner for forward-thinking organizations seeking to unlock the full potential of their data assets.”
Based in New Jersey, US, Ravishankar will leverage his expertise to accelerate Trianz’s growth trajectory in the data-driven landscape. Join us in extending a warm welcome to Ravishankar as we set out on this exciting journey to drive digital innovation and empower businesses to thrive in the data-driven era.
About TrianzTrianz is a leading-edge technology platforms and services company that accelerates digital transformations at Fortune 100 and emerging companies worldwide in data & analytics, digital experiences, cloud infrastructure, and security. Our “IP Led Transformations” approach, informed by insights from a recent global study spanning 20+ industries and 5000+ companies, addresses challenges posed by the rapid pace of AI-driven transformation, digital talent scarcity, and economic uncertainty. Our IP and platforms, including Concierto, Extrica, and Pulse, revolutionize cloud adoption, data analytics, and AI insights, empowering organizations to navigate the complexities of digital transformation seamlessly.
Founded in California and with an organization of over 2,000 associates across the United States and India, Trianz is a Premier Partner of AWS, consistently rated #1 by clients for value delivery over the past five years. Trianz has been ranked as one of the best Consulting Firms by Forbes and has been certified as a Great Place to Work for three years in a row. To learn more about Trianz, email [email protected] or visit www.trianz.com.
Watch Trianz CEO Sri Manchala’s insightful interview with Bloomberg on Partner | Crossing The Digital Faultline & Leading Towards Transformative Success – YouTube and delve deeper into his book Crossing the Digital Faultline at Crossing the Digital Faultline | Trianz.
Trianz Media Team
[email protected] +1-408-387-5800
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