Connect with us
European Gaming Congress 2024

Artificial Intelligence

IFS Unveils Global AI Optimism League Table

Published

on

ifs-unveils-global-ai-optimism-league-table

Despite global leadership in AI, respondents from the UK and USA were least optimistic about realizing benefits quickly from AINorway ranks most optimistic about AI FutureCountries that have invested in AI skills are more optimistic about AIOrganizations that are architecturally-ready and have strong sustainability planning found to correlate with AI optimismLONDON, July 11, 2024 /PRNewswire/ — Research from IFS, the leading technology provider of enterprise cloud and industrial AI software, has revealed the Global AI Optimism League Table. The global study Industrial AI: the new frontier for productivity, innovation and competition involved 1,700 senior decision makers from Manufacturing, Telecommunications, Aerospace & Defense, Services, Construction & Engineering, and Energy & Resources companies. It found that optimism about artificial intelligence (AI) is a direct indicator of AI strategy maturity within their business. The study found firms between $200-$500m the most optimistic about AI, while the UK and USA were the least optimistic countries.

The IFS Global AI Optimism League Table by Country
Country
Optimism Rank
Norway
1
Sweden
2
France
3
Australia
4
Japan
5
UAE
6
Canada
7
Denmark
8
Finland
9
Germany
10
UK
11
USA
12
The IFS Global AI Optimism League Table by Company Size
Revenue Band
Optimism Rank
$300 Million – $499.99Million
1
$200 Million – $299.99Million
2
$500 Million or over
3
$100 Million – $199.99Million
4
$50 Million – $99.99Million
5
Cash isn’t always king
An easy assumption to make with AI is that the more financial resources available, the more optimism there would be about what could be done with AI. However, the research reveals that businesses with revenues of over $500 Million ranked only third in terms of optimism due to a clear polarization in strategy, data readiness, and skills. Indeed, the polarization in AI readiness has led to 25% of this group believing AI benefits will materialize within 12 months, while the laggards don’t expect to see benefits for at least three years. Large enterprises showed the widest gaps in time to benefits of any of the company size groups surveyed.
In contrast, the survey revealed mid-sized ($50-$200m) firms being less optimistic about AI purely because they have fewer resources and skills to deploy to the technology today, and therefore are planning over a longer period of time to drive benefits from a maturing technology.
Christian Pedersen, Chief Product Officer, IFS, commented: “At the surface level, the lack of optimism across some respondents may suggest we are at the edge of a trough of disillusionment, particularly following the all-encompassing hype that AI enjoyed for much of the last 18 months. What we are actually witnessing is enterprises differentiating themselves with AI. Organizations that have established a strong data foundation, invested in skills, and embedded sustainability into their strategy are optimistic because they can see the benefits coming into view quickly. It is vital that leaders see AI as a strategy, not a tool.”
Factors paving the way on the smooth path to AI
Delving into what fuels optimism around AI, the research suggests that companies’ architectural readiness directly correlates with their overall optimism about the technology. Respondents who report being more architecturally ready are more likely to be optimistic about AI. This indicates that companies with a strong cloud-based foundation are further along in their AI journeys and are most likely to believe that the tangible benefits of AI will become a reality sooner.
Pedersen continued: “We see direct evidence from our research that the market is splitting into those who have embraced AI and those who have not. There is an element of ‘following the herd’ fueling the board’s desire for AI programs. McKinsey has found that AI could be the key to unlocking an additional $4.4 trillion in corporate profits per year, which is building pressure to adopt it. Without a clear direction and strategy, AI programs stall, making the end result seem further away than it needs to be.”
Emergence of Industrial AI for productivity, innovation and sustainability
Innovative products and services (31%) and data accessibility (30%) are the most common areas senior decision-makers expect AI to make large differences, followed closely by cost reductions (29%). Interestingly, at a country level, the USA (32%) and Germany (31%) were the only nations most likely to believe that AI will lead to consistent business growth.
The survey reveals a positive correlation between skills and AI optimism. The nations most likely to identify as having invested heavily in skills for several years are generally more optimistic about AI overall. France (49%), UAE (53%), Norway (48%), Australia (46%), Sweden (46%) and Japan (45%) are leading the way here.
Sustainability planning also correlates directly with overall AI optimism. The less wide-ranging a country’s sustainability strategy was with regard to AI, the less likely they were to be optimistic about AI in general. UK (5%), Canadian (6%), Danish (6%) and Finnish (4%) respondents were least likely to have an AI strategy for sustainability in place and all feature in the bottom half of the optimism league table.
“The lofty expectations for AI bely a fundamental misunderstanding of how it is supposed to drive value. The real power lies in Industrial AI, where data flows through every part of your business, combining structured, interlinked datasets to uncover insights, optimize every process and marry the digital with the physical world. That’s where the true value lies. If a business doesn’t have a strategy to reach that point, then they need a partner who can guide them on that journey,” concluded Pedersen.
Discover more insights and actions in the Industrial AI: the new frontier for productivity, innovation and competition Executive Report.
Research Methodology:
Censuswide surveyed 1,709 C-level/President/SVP/Directors who work in Manufacturing, Telecommunications, A&D, Services, Construction & Engineering or Energy & resources in organizations with $50m+ annual revenue (Aged 18+) across the UK, USA, Canada, Germany, France, UAE, Norway, Japan, Australia, Sweden, Denmark and Finland.
About IFS:
IFS develops and delivers cloud enterprise software for companies around the world who manufacture and distribute goods, build and maintain assets, and manage service-focused operations. Within our single platform, our industry specific products are innately connected to a single data model and use embedded digital innovation so that our customers can be their best when it really matters to their customers — at the Moment of Service™. The industry expertise of our people and of our growing ecosystem, together with a commitment to deliver value at every single step, has made IFS a recognized leader and the most recommended supplier in our sector. Our team of over 6,000 employees every day live our values of agility, trustworthiness and collaboration in how we support our 6,500+ customers. Learn more about how our enterprise software solutions can help your business today at ifs.com.
IFS Recognition
IFS ranked #1 for EAM market share in the Gartner® Market Share: All Software Markets, Worldwide, 2023 report for third consecutive yearGartner® Peer Insights Customers’ Choice 2023 – Cloud ERPIFS named a leader in IDC MarketScape: Worldwide Field Service Management Solutions 2023-2024Top 100 Companies (3rd), The Software Report, 2023IFS Press Contacts:EMEA & APJ: Adam GillbeCorporate CommunicationsEmail: [email protected] Phone: +44 7775 114 856
USA: Mairi MorganCorporate CommunicationsEmail: [email protected] Phone: +44 7918 607 299
This information was brought to you by Cision http://news.cision.com
https://news.cision.com/ifs/r/ifs-unveils-global-ai-optimism-league-table,c4013900
The following files are available for download:
https://news.cision.com/ifs/i/2i-research-1-930×423,c3319123
2I-Research-1-930×423
 

View original content:https://www.prnewswire.co.uk/news-releases/ifs-unveils-global-ai-optimism-league-table-302194746.html

Continue Reading
Advertisement

Artificial Intelligence

Rowenta, a brand of Groupe SEB, and Narwal Unveil Co-Engineered X-CLEAN 10 in Landmark Partnership

Published

on

rowenta,-a-brand-of-groupe-seb,-and-narwal-unveil-co-engineered-x-clean-10-in-landmark-partnership

PARIS, Oct. 22, 2024 /PRNewswire/ — Rowenta, a leader in high-performance home appliances under Groupe SEB, proudly announces its technology partnership with Narwal, a pioneer in home cleaning robotics. By combining Rowenta’s renowned craftsmanship and market influence with Narwal’s cutting-edge robotic technology, the new partnership is set to redefine home cleaning standards for European consumers. The collaboration introduces the Rowenta X-CLEAN 10, an Intelligent Cordless Vacuum and Wash Cleaner, showcasing both brands’ shared commitment to innovation and product excellence. Powered by Narwal’s state-of-the-art cleaning technology, this co-engineered innovation underscores the significance both brands place on the European market, reflecting their shared vision for future growth and advancement in home cleaning solutions. 

Strategic Alliance in Home Cleaning Excellence
As the world reference in small domestic equipment, Groupe SEB has a unique portfolio of top brands including Rowenta, Tefal, WMF and Krups… Rowenta, which celebrates 140 years of excellence this year, is one of its flagship brands and continues to drive innovation in household appliances. Rowenta’s success has been bolstered by its presence within Groupe SEB’s diverse ecosystem, allowing it to thrive in key categories such as Personal Care, Home Comfort, Linen Care and Floor Care, depending on markets in which the brand is implanted. In particular, its growing success in the Floor Care sector continues to be widely recognized, further strengthening its foothold in European homes.
Narwal, a leader in robotic cleaning technology, shares Rowenta’s commitment to “make consumer’s everyday life easier” with innovation. With a global team of over 700 researchers—more than half of its 1,400+ workforce—Narwal has developed intelligent cleaning solutions that serve over 3 million households worldwide. Ranked among the top five robotic cleaning manufacturers, Narwal achieved $200 million in sales within two years of its launch and continues to see double-digit growth.
This collaboration brings together two industry leaders, leveraging Narwal’s advanced cleaning technology to enhance Rowenta’s X-CLEAN 10. By merging Narwal’s expertise with Rowenta’s robust market presence and localized knowledge, this partnership underscores a mutual dedication to delivering innovative, high-quality products that meet the evolving needs of European consumers.
Rowenta X-CLEAN 10: The Next-level Floor Care Innovation
The Rowenta X-CLEAN 10, the first co-engineered product from the technology partnership with Narwal, showcases exceptional excellence through precision engineering and advanced technology. It features Narwal’s patented AI DirtSense™ technology, which intelligently adjusts water flow and suction based on dirt levels, ensuring thorough cleaning with minimal user intervention. Complementing this is the innovative L-shaped double-row staggered comb brush, leveraging Narwal’s expertise in anti-tangling technology.
Additionally, the X-CLEAN 10 delivers top-tier performance for flawless results in no time: Its self-propelled roller system offers an ultra-lightweight cleaning experience with only 0.8 kg in hand—with a flexible 180-degree design for ultimate reach. It also proposes a self-cleaning system built with an exclusive bi-directional hassle-free self-cleaning and self-drying system at the push of a button. Finally it is full Innovative solutions that make cleaning easier, including vocal assistance, user-friendly controls on an LED screen, real-time dirt tracking and more: A revolutionary cleaner that sets a new standard for cordless vacuum performance in European homes.
“We’re excited to partner with Rowenta and bring groundbreaking cleaning solutions to European consumers. Together, we look forward to introducing even more exceptional innovations in the future,” says Hower Wu, Senior Vice President, Narwal Robotics.
“We are very impressed by Narwal’s innovative technologies such as AI DirtSense™. Their expertise elevates the cleaning experience to an entire new level,” says David Jeanson, General Manager, Home, Linen and Personal Care, Groupe SEB.
About Narwal
Narwal is known for using its cutting-edge technology to realize its objective of bringing flawless floors to users. As one of the top five robotic cleaning manufacturers, the brand generated $200 million in sales within two years of launching its first product and has consistently maintained high double-digit annual growth since then. In H1 2024, Narwal expanded its international market sales volume by an impressive 750% year-over-year, serving over 3 million households globally. The company has secured significant investments from prominent backers, including Sequoia Capital, Hillhouse Capital, ByteDance (the parent company of TikTok), and Tencent. With a team of over 700 researchers and scientists —comprising more than half of its 1,400+ global workforce. In recent years, Narwal has achieved numerous breakthroughs across various fields and garnered prestigious international awards, including the CES Innovation Awards, Red Dot Awards, the Edison Gold Award, and a spot on Time Magazine’s 100 Best.
About Rowenta
At Rowenta, a brand born in Germany in 1909, we have been able to meet the consumer’s needs by combining performance that guarantee perfect results with features that take care of you.
We innovate everyday with new solutions that smooth out and purify all your clothes, appliances that take care of your hair and skin, efficient, easy-to-handle and quiet vacuum cleaners, and products that improve the indoor air quality, so you always look and feel at your best.
We are constantly seeking to optimize resource consumption in the development and use of our products to make Rowenta performance a more sustainable one. A performance that always gives the best results and makes your life easier every time and for a long time.
ContactAria Si – [email protected]
Photo – https://mma.prnewswire.com/media/2535754/Rowenta_KV.jpgLogo – https://mma.prnewswire.com/media/2309467/Narwal_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/rowenta-a-brand-of-groupe-seb-and-narwal-unveil-co-engineered-x-clean-10-in-landmark-partnership-302281909.html

Continue Reading

Artificial Intelligence

Corporater named a market leader in Operational Resilience Software by Independent Research Firm

Published

on

corporater-named-a-market-leader-in-operational-resilience-software-by-independent-research-firm

STAVANGER, Norway, Oct. 22, 2024 /PRNewswire/ — Corporater, a global leader in software solutions for Governance, Risk, and Compliance (GRC) along with Performance Management (jointly addressed as GPRC), is proud to announce the recognition of being named a leader in Verdantix’s recently published “Operational Resilience Software Benchmark” research. The report states that “Corporater offers a first-of-its-kind governance solution for resilience”.

The Corporater software platform’s flexible structure and powerful capabilities offer end-to-end processes to conform with regulatory requirements, e.g., NIS2, SEC Sound Practices to Strengthen Operational Resilience, DORA, and UK Operational Resilience PS 21/3, and PRA 6/21 as Operational Resilience (OpRes) is emerging as a top priority for organizations worldwide.
The emphasis on governance, AI, process execution, and comprehensive risk capabilities sets the stage for Corporater’s integrated suite of GRC and Performance capabilities as a leading tool for a successful digital transformation of an organization’s resilience program, optionally part of a holistic, integrated GPRC program where operational resilience is one of several critical business objectives.
“In Corporater, we believe the GRC program should be business-integrated by design and thus aligned with business objectives and the performance against the objectives. Operational Resilience is business-integrated by design and is an excellent example of how an integrated GRC and Performance software can enable an organization’s resilience objective/obligation”, said Paul Greenhalgh, product owner for UK Operational Resilience Solution at Corporater.
“Corporater continues to set the standard for integrated enterprise GRC and Performance Management solutions,” said Owe Lie-Bjelland, GPRC Director at Corporater. “This recognition from Verdantix means a lot to us as we aim to empower organizations to not only manage risks and compliance effectively across the enterprise but also enhance overall business performance through a business-integrated GRC program.”
Access the report here.
For media inquiries, please contact:Corporater: [email protected]
About Corporater:
Corporater is a leading global provider of enterprise software solutions for Governance, Performance, Risk, and Compliance (GPRC) management. With more than 20 years of experience, innovation, and customer satisfaction, Corporater empowers medium and large organizations to achieve their objectives for effective GRC and Performance programs. Whether traditional GRC challenges such as enterprise risk, internal control system, IT risk, incident management, and Internal Audit or emerging challenges such as ESG or operational resilience, Corporater can deliver an integrated system on one platform. Visit corporater.com or follow us on LinkedIn.

View original content:https://www.prnewswire.co.uk/news-releases/corporater-named-a-market-leader-in-operational-resilience-software-by-independent-research-firm-302282923.html

Continue Reading

Artificial Intelligence

Happiest Minds positioned as a ‘Major Contender’ in Everest Group’s Cybersecurity PEAK Matrix® Assessment – North America 2024

Published

on

happiest-minds-positioned-as-a-‘major-contender’-in-everest-group’s-cybersecurity-peak-matrix-assessment-–-north-america-2024

SAN JOSE, Calif. and LONDON and BENGALURU, India, Oct. 22, 2024 /PRNewswire/ — Happiest Minds Technologies Limited (NSE: HAPPSTMNDS), a ‘Born Digital . Born Agile’, Mindful IT Company, today announced that it has been positioned as a ‘Major Contender’ in the latest market evaluation report, Cybersecurity Services PEAK Matrix® Assessment 2024 – North America by Everest Group.

Ram Mohan C, CEO of Infrastructure Management & Security Services (IMSS), Happiest Minds, said, “Our approach to cybersecurity is strategic and holistic, integrating advanced services to address the full spectrum of threats across diverse IT environments. We have invested significantly in cybersecurity solutions, including AI-driven threat detection, Zero Trust architecture, Secure Access Service Edge (SASE), Gen AI security, quantum security, and advanced Security Operations Center (SOC) capabilities. At Happiest Minds, we continuously adapt to industry trends, embedding cybersecurity into every facet of our service delivery, innovation, and technology adoption, ensuring our customers are prepared to tackle the evolving challenges of today’s digital economy.”
Priya Kanduri, CTO of Infrastructure Management & Security Services (IMSS) and Head of Security Services, Happiest Minds, said, “This recognition highlights our strategic vision and unwavering commitment to delivering cutting-edge cybersecurity services to our customers. We have strengthened our talent pool and leveraged automation to address industry-wide skill gaps, ensuring robust and scalable security operations. Our relentless drive towards excellence in addressing the most pressing security challenges empowers us to deliver exceptional value to our customers. This accolade reinforces our perseverance in driving innovation in the cybersecurity landscape.”
About Happiest Minds Technologies
Happiest Minds Technologies Limited (NSE: HAPPSTMNDS), a Mindful IT Company, enables digital transformation for enterprises and technology providers by delivering seamless customer experiences, business efficiency and actionable insights. We do this by leveraging a spectrum of disruptive technologies such as: artificial intelligence, blockchain, cloud, digital process automation, internet of things, robotics/drones, security, virtual/ augmented reality, etc. Positioned as ‘Born Digital. Born Agile’, our capabilities span Product & Digital Engineering Services (PDES), Generative AI Business Services (GBS) and Infrastructure Management & Security Services (IMSS). We deliver these services across industry groups: Banking, Financial Services & Insurance (BFSI), EdTech, Healthcare & Life Sciences, Hi-Tech and Media & Entertainment, Industrial, Manufacturing, Energy & Utilities, and Retail, CPG & Logistics. The company has been recognized for its excellence in Corporate Governance practices by Golden Peacock and ICSI. A Great Place to Work Certified™ company, Happiest Minds is headquartered in Bengaluru, India with operations in the U.S., UK, Canada, Australia, and the Middle East.
Media Contact:Kiran [email protected]
Logo: https://mma.prnewswire.com/media/1812236/4024169/Happiest_Minds_Logo.jpg
 

View original content:https://www.prnewswire.co.uk/news-releases/happiest-minds-positioned-as-a-major-contender-in-everest-groups-cybersecurity-peak-matrix-assessment–north-america-2024-302282929.html

Continue Reading
Advertisement
Advertisement

Latest News

Trending