Connect with us
Prague Gaming & TECH Summit 2024

Artificial Intelligence

SAP SE: Double-Digit Growth Across Revenue, Profit and Cash Flow

Published

on

  • New Cloud Bookings Up 39%, Software License Revenue Down 1%
  • Cloud Revenue Up 37%
  • Cloud Gross Margin Up More Than 5 Percentage Points
  • IFRS Operating Profit Up 36%; Non-IFRS Operating Profit Up 20%
  • IFRS Operating Margin Up 4.2pp; Non-IFRS Operating Margin Up 1.7pp
  • Q3 Operating Cash Flow Up 28%, Free Cash Flow Up 116%

Cloud Revenue 

Total Revenue

in € millions 

in € millions

IFRS

Non-IFRS

IFRS

Non-IFRS

1,789

1,807

6,791

6,809

+37%

+37% (+33% cc)

+13%

+13% (+10% cc)

The share of more predictable revenue reached 69% in the third quarter of 2019 (+2 percentage points)

Cloud & Software Revenue

Operating Profit

in € millions

in € millions

IFRS

Non-IFRS

IFRS

Non-IFRS

5,629

5,647

1,679

2,086

+12%

 +13% (+10% cc)

+36%

+20% (+15% cc)

“In April we promised a stronger focus on profits and here we go: Q3 marks yet another milestone in delivering on this commitment. Q3 is also a manifesto of us keeping our second promise: continued strong top line momentum. Despite continued macro uncertainties we couldn’t be more confident to make 2019 another stellar year for SAP.”
Luka Mucic, CFO

“Our third quarter results reflect the momentum we’ve built entering the final quarter of the year and more broadly where we are on our journey of growth and opera-tional excellence. We are excited and energized to write the next chapter in SAP’s story alongside the best workforce anywhere in the technology industry.”
Jennifer Morgan and Christian Klein, Co-CEOs

SAP SE (NYSE: SAP) today announced its financial results for the third quarter ended September 30, 2019.

Business Performance

Financial Highlights Third Quarter 20191

In the third quarter, new cloud bookings were up 39% to €572 million (34% at constant currencies) and up 51% excluding Infrastructure-as-a-Service (IaaS). A new partnership with Microsoft contributed 18 percentage points to the 39% Q3 new cloud bookings growth. The deal has a term of 3 years, with revenue recognition starting in the fourth quarter 2019. Cloud revenue grew 37% year over year to €1.79 billion (IFRS), up 37% (non-IFRS) and 33% (non-IFRS at constant currencies). Software licenses revenue was down 1% year over year to €932 million (IFRS), down 1% (non-IFRS) and down 4% (non-IFRS at constant currencies). New cloud and software order entry was up 20% (15% at constant currencies) year over year in the third quarter. Cloud and software revenue grew 12% year over year to €5.63 billion (IFRS), up 13% (non-IFRS) and 10% (non-IFRS at constant currencies). Total revenue grew 13% year over year to €6.79 billion (IFRS), up 13% (non-IFRS) and 10% (non-IFRS at constant currencies).

The share of more predictable revenue grew by two percentage points year-over-year to 69% in the third quarter.

Cloud gross margin increased 5.9 percentage points year over year to 64.5% (IFRS) and increased by 5.4 percentage points year over year to 69.0% (non-IFRS).

Operating profit increased 36% year over year to €1.68 billion (IFRS), up 20% (non-IFRS) and up 15% (non-IFRS at constant currencies). Operating margin increased 4.2 percentage points year over year to 24.7% (IFRS) and expanded by 1.7 percentage points year over year to 30.6% (non-IFRS) and 1.5 percentage points to 30.4% (non-IFRS at constant currencies). Operating profit in the third quarter benefitted from disciplined hiring and accelerated operating efficiency gains. IFRS operating profit additionally benefitted from lower share-based compensation expenses.

Earnings per share was up 28% to €1.04 (IFRS) and up 14% to €1.30 (non-IFRS).

Operating cash flow in the third quarter developed significantly better than in the first half of 2019 and contributed €638 million (up 28% year-over-year) to the nine-month operating cash flow. Operating cash flow for the first nine months was €3.32 billion, down 5% year-over-year. The decrease in operating cash flow was primarily due to higher payouts related to share-based compensation (€205 million), restructuring payouts (€239 million) and higher tax cash outflows (€490 million) compared to the first nine months of 2018. In addition, operating cash flow experienced a year over year benefit of roughly €288 million from the application of IFRS 16. Free cash flow2 was flat year-over-year at €2.33 billion. At the end of the third quarter, net liquidity was -€8.28 billion.

Segment Performance Third Quarter 2019

SAP’s three reportable segments “Applications, Technology & Services”, “Intelligent Spend Group” and “Customer and Experience Management” showed the following performance:

Applications, Technology & Services (AT&S)

In the third quarter, segment revenue in AT&S was up 9% to €5.52 billion year-over-year (up 6% at constant currencies). Solutions which contributed to this growth are listed below.

In the third quarter, SAP and Microsoft established a preferred partnership to move on-premise SAP ERP and S/4HANA customers to the cloud through industry specific best practices, reference architectures, and cloud-delivered services on Microsoft Azure. This partnership will both accelerate and simplify customer migration to S/4HANA on Microsoft Azure, and Microsoft will embed SAP Cloud platform solutions and related services within Azure Cloud Services.

SAP S/4HANA

SAP S/4HANA is at the core of the Intelligent Enterprise. It embeds analytics, simulation, prediction, and decision support to run LIVE business. SAP offers customers a choice of deployment options including cloud, on-premise and hybrid so they can choose any scenario or combination that is right for them. Built on SAP’s advanced in-memory computing platform, SAP S/4HANA is the market-leading intelligent ERP that provides unparalleled business agility, empowering companies across all industries to reinvent their business models for the digital economy and navigate dynamic marketplaces.

Adding over 500 customers in the quarter, S/4HANA adoption grew to more than 12,000 customers, up 25% year over year. In the third quarter close to 40% of the additional S/4HANA customers were net new.

S/4HANA continues to be selected by world-class organizations, including State of NevadaGrupo Crystal and BrandX. Dow Jones, Callaway Golf, Daewoong Pharmaceutical and Breitling have gone live on S/4HANA. A growing number of companies including British Telecom and CIE Automotive have chosen S/4HANA in the Cloud. McDonald’s UAE and Xinjiang Daming Mining Group Co. have gone live on S/4HANA Cloud.

Human Capital Management Solutions (HCM)

SuccessFactors’ evolution towards Human Experience Management (EmployeeXM™) represents the next generation of human capital management (HCM).

The unique combination of SAP SuccessFactors and Qualtrics Employee Experience Management elevates HCM solutions beyond facilitating transactions to truly reinvent human experiences in ways that accelerate business growth. Employees are the frontline face to the customer. Delivering great customer experiences requires focusing on employees and delivering great employee experiences. Organizations that deliver exceptional employee experiences achieve better business results and outperform the competition.

Proximus Group, a top Belgian provider of information and communications technology, selected Qualtrics Employee Experience to support an ambitious new employee listening program. The combination of SAP and Qualtrics solutions will ultimately empower Proximus Group to blend customer experience data with employee experience data to enable holistic, personalized experience management.

SAP SuccessFactors Employee Central, which is the flagship of SAP’s HCM offering, added more than 150 customers in the quarter and has now more than 3,500 customers globally. Vonovia SE was one of many competitive wins and the International Committee of the Red Cross went live on SAP SuccessFactors this quarter.

Business Technology Platform

SAP’s business technology platform represents an evolution of the digital platform helping customers to turn their data into business value. It encompasses database and data management, application development and integration, analytics, and intelligent technologies. The business technology platform represents a combination of SAP’s leading technologies such as SAP HANA, SAP Cloud Platform, SAP Data Warehouse Cloud, SAP Analytics Cloud, SAP Data Intelligence and SAP Intelligent Robotic Process Automation bundled into one single reference architecture. It supports cloud, on-premise and hybrid customer landscapes. Additionally, the business technology platform offers seamless interoperability with hyperscalers’ technologies to deliver a high level of scalability and flexibility. The business technology platform provides customers with convenient access to SAP data, SAP technology and SAP pre-configured business services to help them drive business value across their entire solution landscape.

Nippon Express, Impossible Foods Inc and Amazonas & Roraima Energia selected SAP’s business technology platform and analytics cloud solutions in the third quarter.

Intelligent Spend Group

In the third quarter, segment revenue in the Intelligent Spend Group was up 23% to €828 million year-over-year (up 18% at constant currencies).

With the Intelligent Spend Group, SAP provides collaborative commerce capabilities (SAP Ariba), effortless travel and expense processing (SAP Concur) and flexible workforce management (SAP Fieldglass). The Intelligent Spend Group portfolio represents the largest commerce platform in the world with approximately $3.4 trillion in global commerce annually transacted in more than 180 countries.

British Telecom, Prada, and Xiaomi Communications chose SAP’s Intelligent Spend Group solutions in the third quarter.

Customer and Experience Management (CXM)

In the third quarter, segment revenue in Customer and Experience Management was up 75% to €371 million year-over-year (69% at constant currencies). Solutions which contributed to this growth in the third quarter are listed below3.

SAP C/4HANA

SAP’s C/4HANA suite enables companies to manage and deliver personalized customer experiences across every touchpoint and across channels based on a complete view of the customer. C/4HANA combines leading solutions for marketing, sales, commerce, service and customer data. As part of the Intelligent Enterprise, C/4HANA integrates with S/4HANA to connect demand signals to fulfillment in one end-to-end process.

SAP C/4HANA solutions also leverage Qualtrics CustomerXM™. This enables organizations to combine customer feedback and operational data to listen, understand and take action in the moment to improve the customer experience.

E.ON, Swift, and Cintac Mining all chose SAP C/4HANA in Q3.

Experience Management Solutions (Qualtrics)

With Qualtrics, SAP combines market leadership in Experience Management (XM) with end-to-end operational power in over 25 industries to help organizations manage and improve the four core experiences of business: customer, employee, product, and brand.

The Qualtrics XM™ Platform is trusted by approx. 11,000 customers to listen, understand, and take action on experience data (X-data™) by combining X-data with the operational data (O-data™) systems of the enterprise.

In Q3, Slack Technologies, U-Haul, Sharper Image Corp, Stanley Black & Decker, Garmin International, Dish Networks and many others selected Qualtrics to move beyond systems of record to new systems of action and achieve breakthrough results.

Segment Results at a Glance4

Segment Performance Third Quarter 2019

Applications, Technology & Services

Intelligent Spend Group

Customer and Experience

Management

€ million, unless otherwise stated

(Non-IFRS)

Actual

Currency

∆ in %

∆ in %

const. curr.

Actual

Currency

∆ in %

∆ in %

const. curr.

Actual

Currency

∆ in %

∆ in %

const. curr.

Cloud revenue

813

35

32

699

24

20

294

98

92

Segment revenue

5,518

9

6

828

23

18

371

75

69

Segment profit (loss)

2,475

17

13

211

36

31

2

–84

–88

Cloud gross margin (in %)

57.8

9.7pp

10.2pp

78.0

–0.4pp

–0.4pp

76.4

8.8pp

8.7pp

Segment margin (in %)

44.9

3.0pp

2.8pp

25.5

2.5pp

2.4pp

0.5

–5.0pp

–5.1pp

Regional Revenue Performance

SAP had a solid performance in the EMEA region with cloud and software revenue increasing 10% (IFRS) and 9% (non-IFRS at constant currencies). Cloud revenue increased 49% (IFRS) and 46% (non-IFRS at constant currencies) with Germany and the UK being highlights. France and the UK had exceptional quarters in software license revenue.

The Company had a strong performance in the Americas region. Cloud and software revenue increased 16% (IFRS) and 12% (non-IFRS at constant currencies). Cloud revenue increased 31% (IFRS) and 26% (non-IFRS at constant currencies) with CanadaBrazil and Mexico being highlights. In addition, the United States and Brazil had strong quarters in software license revenue.

In the APJ region, SAP had a solid quarter amidst a challenging market environment. Cloud and software revenue was up 9% (IFRS) and 5% (non-IFRS at constant currencies). Cloud revenue increased 40% (IFRS) and 37% (non-IFRS at constant currencies) with Japan and Australia being highlights. For software license revenue, Japan had an exceptional quarter.

Financial Results at a Glance

Third Quarter 2019

IFRS

Non-IFRS1)

€ million, unless otherwise stated

Q3 2019

Q3 2018

∆ in %

Q3 2019

Q3 2018

∆ in %

∆ in % const. curr.

New Cloud Bookings2)

NA

NA

NA

572

411

39

34

Cloud revenue

1,789

1,304

37

1,807

1,315

37

33

Software licenses and support revenue

3,839

3,702

4

3,840

3,702

4

1

Cloud and software revenue

5,629

5,007

12

5,647

5,017

13

10

Total revenue

6,791

6,020

13

6,809

6,031

13

10

Share of more predictable revenue (in %)

69

68

2pp

69

68

2pp

Operating profit (loss)

1,679

1,236

36

2,086

1,742

20

15

Profit (loss) after tax

1,259

972

30

1,564

1,358

15

Basic earnings per share (in €)

1.04

0.81

28

1.30

1.14

14

Number of employees (FTE, September 30)

99,710

94,989

5

NA

NA

NA

NA

Nine months ended September 2019

IFRS

Non-IFRS1)

€ million, unless otherwise stated

Q1–Q3

2019

Q1–Q3

2018

∆ in %

Q1–Q3

2019

Q1–Q3

2018

∆ in %

∆ in % const. curr.

New Cloud Bookings2)

NA

NA

NA

1,389

1,078

29

24

Cloud revenue

5,037

3,588

40

5,106

3,614

41

36

Software licenses and support revenue

11,130

10,714

4

11,130

10,714

4

1

Cloud and software revenue

16,167

14,302

13

16,236

14,328

13

10

Total revenue

19,513

17,280

13

19,583

17,307

13

10

Share of more predictable revenue (in %)

70

68

2pp

70

68

2pp

Operating profit (loss)

2,370

3,304

–28

5,368

4,618

16

12

Profit (loss) after tax

1,733

2,397

–28

3,961

3,397

17

Basic earnings per share (in €)

1.43

2.01

–29

3.29

2.85

16

Number of employees (FTE, September 30)

99,710

94,989

5

NA

NA

NA

NA

1) For a breakdown of the individual adjustments see table “Non-IFRS Adjustments by Functional Areas” in this Quarterly Statement.

2) As this is an order entry metric, there is no IFRS equivalent.

Due to rounding, numbers may not add up precisely.

Business Outlook 2019

The Company reiterates its outlook for the full year 2019.

SAP continues to expect:

  • Non-IFRS cloud revenue to be in a range of €6.7 − €7.0 billion at constant currencies (2018: €5.03 billion), up 33% – 39% at constant currencies.
  • Non-IFRS cloud and software revenue to be in a range of €22.4 – €22.7 billion at constant currencies (2018: €20.66 billion), up 8.5% – 10% at constant currencies.
  • Non-IFRS operating profit to be in a range of €7.85 – €8.05 billion at constant currencies (2018: €7.16 billion), up 9.5% – 12.5% at constant currencies (previously: €7.7 – €8.0 billion, up 7.5% – 11.5% at constant currencies)
  • In addition, SAP expects total revenues to increase strongly, at a rate lower than operating profit.

The 2019 numbers include Qualtrics’ revenues and profits only from the acquisition date of January 23rd. The comparative numbers for full year 2018 do not include Qualtrics revenues and profits and include Callidus revenue and profits only from the April 5th, 2018 acquisition date.

While SAP’s full-year 2019 business outlook is at constant currencies, actual currency reported figures are expected to be impacted by currency exchange rate fluctuations as the Company progresses through the year. See the table below for the Q4 and FY 2019 expected currency impacts.

Expected Currency Impact Based on September 2019 Level for the Rest of the Year

In percentage points

Q4

FY

Cloud revenue

+3pp to +5pp

+4pp to +6pp

Cloud and software revenue

+2pp to +4pp

+2pp to +4pp

Operating profit

+2pp to +4pp

+3pp to +5pp

Ambition 2020 and 2023

Looking beyond 2019, SAP continues to expect the following:

Ambition 2020

SAP continues to expect:

  • €8.6 − €9.1 billion non-IFRS cloud revenue
  • €28.6 − €29.2 billion non-IFRS total revenue
  • The share of more predictable revenue (defined as the total of cloud revenue and software support revenue) in a range of 70% − 75%
  • €8.8 – €9.1 billion non-IFRS operating profit

Ambition 2023

Over the period from 2018 through 2023, SAP continues to expect to:

  • More than triple non-IFRS cloud revenue (2018: €5.03 billion)
  • Grow to more than €35 billion in non-IFRS total revenue (2018: €24.74 billion)
  • Approach a share of more predictable revenue of 80%
  • Reach a Non-IFRS cloud gross margin of 75%
  • Increase the non-IFRS operating margin by one percentage point per year on average, representing a total expansion of approximately 500 basis points

The full Q3 2019 Quarterly Statement can be downloaded from http://www.sap.com/investors/sap-2019-q3-statement 

Additional Information

This Quarterly Statement and all information therein is unaudited.

Definition of key growth metrics

New cloud bookings are the total of all orders received in a given period the revenue from which is expected to be classified as cloud revenue and that result from purchases by new customers and from incremental purchases by existing customers. Consequently, orders to renew existing contracts are not included in this metric. The order amount must be committed. Consequently, due to their pay-per-use nature, business network transaction fees which do not include a committed minimum consumption are not reflected in the bookings metric (e.g. SAP Ariba and SAP Fieldglass transaction-based fees). Amounts included in the measures are generally annualized (annualized contract value ACV).

Share of more predictable revenue is the total of non-IFRS cloud revenue and non-IFRS software support revenue as a percentage of total revenue

New cloud and software license order entry is the total of new cloud order entry and software license order entry. The new cloud order entry metric is identical to the new cloud bookings metric defined above except that it considers the total contract value (TCV) of the orders where the new cloud bookings metric considers the orders’ annualized contract value (ACV). Software license order entry is the total of all orders received in a given period the revenue from which is expected to be classified as software license revenue. The support services commonly sold with the software license are not included in the software license order entry metric.

Global commerce is the total commerce volume transacted on the SAP Ariba, SAP Concur and SAP Fieldglass Networks in the trailing 12 months. SAP Ariba commerce includes procurement and sourcing spend.

For explanations on other key growth metrics please refer the performance management section of SAP’s Integrated Report 2018, which can be found at www.sapintegratedreport.com.

Webcast

SAP senior management will host a financial analyst conference call today at 2:00 PM (CET) / 1:00 PM (GMT) / 8:00 AM (Eastern) / 5:00 AM (Pacific). The call will be webcast live on the Company’s website at www.sap.com/investor and will be available for replay. Supplementary financial information pertaining to the third quarter results can be found at www.sap.com/investor.

Special Capital Markets Day

SAP will host a Special Capital Markets Day on November 12, 2019 in New York City.

Artificial Intelligence

Retail Analytics Market worth $25.0 billion by 2029 – Exclusive Report by MarketsandMarkets™

Published

on

retail-analytics-market-worth-$25.0-billion-by-2029-–-exclusive-report-by-marketsandmarkets™

CHICAGO, March 28, 2024 /PRNewswire/ — Adoption of real-time capabilities and sophisticated analytics, such as artificial intelligence, for omnichannel integration and improved customer experiences is what the Retail Analytics Market will look like in the future. Partnerships for innovation, a rising emphasis on sustainability and ethical analytics, supply chain optimisation, in-store analytics, and a focus on data privacy and security will all be critical.

The Retail Analytics Market is projected to grow from USD 8.5 billion in 2024 to USD 25.0 billion by 2029, at a compound annual growth rate (CAGR) of 24.0% during the forecast period, according to a new report by MarketsandMarkets™. The Retail Analytics Market is expected to grow significantly during the forecast period, owing to various business drivers like the increasing increasing adoption of omni-channel retail strategies, exponential growth of e-commerce platforms, and proliferation of data generated through diverse channels is also responsible for driving the market’s growth.
Browse in-depth TOC on “Retail Analytics Market”
300 – Tables 75 – Figures310 – Pages
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=123460609
Scope of the Report
Report Metrics
Details
Market size available for years
2019–2029
Base year considered
2023
Forecast period
2024–2029
Forecast units
USD (Billion)
Segments Covered
Offering, Business Function, Application, End User, and Region
Geographies covered
North America, Asia Pacific, Europe, Middle East & Africa, and Latin America
Companies covered
Microsoft (US), IBM (US), SAP (Germany), Oracle (US), Salesforce (US), MicroStrategy (US), SAS Institute (US), AWS (US), Qlik (US), Teradata (US), WNS (India), HCL (India), Lightspeed Commerce (Canada), RetailNext (US), Manthan Systems (India), Fit Analytics (Germany), Trax (Singapore), ThoughtSpot (US), RELEX Solutions (Finland), Tredence (US), Creatio (US), Solvoyo (US), datapine (Germany), Sisense (US), EDITED (UK), Retail Zipline (US), ThinkINside (Italy), Dor Technologies (US), Triple Whale (Israel), Flame Analytics (Spain), Alloy.ai Technologies (US), Conjura (UK), Kyvos Insights (US), Pygmalios (Slovakia), and SymphonyAI (US)
 
By Software by analytics type, the predictive analytics segment to register for the largest market size during the forecast period.
By software by analytics type, the predictive analytics segment is expected to register the largest market size during the forecast period. Predictive analytics software can help forecast sales volumes, identify demand fluctuations, and predict customer preferences, enabling retailers to optimize pricing strategies, allocate resources efficiently, and tailor marketing campaigns to target specific customer segments. Recent advancements in predictive analytics technology, including the integration of AI and machine learning algorithms, have further enhanced the capabilities of predictive analytics software, enabling retailers to gain deeper insights, make more accurate predictions, and drive greater business value.
Request Sample Pages@ https://www.marketsandmarkets.com/requestsampleNew.asp?id=123460609
By services, managed services to register for the highest CAGR during the forecast period.
The managed segment of the Retail Analytics Market is growing rapidly. Managed service providers (MSPs) offer tailored solutions that cater to the unique needs and challenges of retailers, delivering insights that drive operational efficiency, enhance customer engagement, and drive revenue growth. MSPs employ skilled professionals with expertise in data analysis, machine learning, and retail industry trends, enabling retailers to harness the full potential of their data assets. Additionally, managed services provide scalability and flexibility, allowing retailers to adapt to changing business requirements and market dynamics without the need for significant investments in infrastructure or personnel.
By region, Asia Pacific accounted for the highest growth rate during the forecast period.
Asia Pacific is witnessing significant growth in the Retail Analytics Market. The surging popularity of e-commerce, with regions like China and India leading the charge, is a major growth driver. Retailers are increasingly reliant on data to understand online consumer behaviour, optimize pricing and promotions, and personalize marketing efforts. Additionally, the growing adoption of the Internet of Things (IoT) in stores is generating vast amounts of data on customer traffic, product interaction, and inventory levels.
Top Key Companies in Retail Analytics Market:
Some major players in the Retail Analytics Market include Microsoft (US), IBM (US), SAP (Germany), Oracle (US), Salesforce (US), MicroStrategy (US), SAS Institute (US), AWS (US), Qlik (US), Teradata (US), WNS (India), HCL (India), Lightspeed Commerce (Canada), RetailNext (US), Manthan Systems (India), Fit Analytics (Germany), Trax (Singapore), ThoughtSpot (US), RELEX Solutions (Finland), Tredence (US), Creatio (US), Solvoyo (US), datapine (Germany), Sisense (US), EDITED (UK), Retail Zipline (US), ThinkINside (Italy), Dor Technologies (US), Triple Whale (Israel), Flame Analytics (Spain), Alloy.ai Technologies (US), Conjura (UK), Kyvos Insights (US), Pygmalios (Slovakia), and SymphonyAI (US).
Recent Developments:
In February 2024, IBM announced the availability of the popular open-source Mixtral-8x7B large language model (LLM), developed by Mistral AI, on its Watsonx AI and data platform, as it continues to expand capabilities to help clients innovate with IBM’s own foundation models and those from a range of open-source providers.In January 2024, IBM announced its collaboration with SAP to develop solutions to help clients in the consumer-packaged goods and retail industries enhance their supply chain, finance operations, sales and services using generative AI.In January 2024, Salesforce announced the availability of Einstein 1 Studio, a set of low-code tools that enables Salesforce admins and developers to customize Einstein Copilot and seamlessly embed AI across any app for every customer and employee experience.In November 2023, MicroStrategy announced the availability of MicroStrategy ONE in the AWS Marketplace. By bringing together MicroStrategy’s powerful generative artificial intelligence (AI) capabilities for business intelligence (BI) and the scalability and reliability of Amazon Web Services (AWS), customers can now access a ready solution for deploying trusted AI at scale for analytics.In September 2023, Oracle showcased new AI-powered capabilities within Oracle Analytics Cloud. Leveraging the Oracle Cloud Infrastructure (OCI) Generative AI service, the new capabilities assist analytics self-service users to conduct sophisticated analysis and make better business decisions without having to wait for data scientists or IT teams more quickly and efficiently.Inquire Before Buying@ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=123460609
Retail Analytics Market Advantages:
Retailers can better fulfil customer demand by optimising pricing, promotions, inventory management, and product assortment with the use of retail analytics, which offers insights into customer behaviour, preferences, and trends.Retail analytics enables merchants to enhance the overall shopping experience, personalise marketing campaigns, and make customised product recommendations by evaluating customer data from many touchpoints. This increases customer happiness and loyalty.Retail analytics forecasts demand, identifies slow-moving commodities, and optimises replenishment procedures to help merchants maximise inventory levels, minimise stockouts and overstock situations, and increase supply chain efficiency.Through the automation of manual operations, the streamlining of procedures, and the identification of opportunities for cost reduction and performance improvement throughout the retail value chain, from procurement to distribution, retail analytics solutions increase operational efficiency.By helping companies to anticipate market trends, spot new business possibilities, and respond swiftly to shifting customer tastes and shifting market dynamics, retail analytics gives merchants a competitive edge that boosts sales and market share.Through the analysis of trends and abnormalities in transaction data, as well as the mitigation of fraud-related risks and revenue loss, retail analytics assists retailers in detecting fraudulent activity, including fraudulent transactions and refunds.Retail analytics gives businesses the ability to better allocate marketing expenditures, maximise marketing return on investment, and enhance the efficacy of customer acquisition and retention strategies by evaluating the success of marketing campaigns and promotions.Retailers may foresee future trends, take proactive business decisions, and seize market opportunities by using predictive analytics tools to forecast sales, demand, and customer behaviour.Report Objectives
To define, describe, and predict the Retail Analytics Market by offering (software and services), business function, application, end user, and regionTo provide detailed information related to major factors (drivers, restraints, opportunities, and industry-specific challenges) influencing the market growthTo analyze the micro markets with respect to individual growth trends, prospects, and their contribution to the total marketTo analyze the opportunities in the market for stakeholders by identifying the high-growth segments of the Retail Analytics MarketTo analyze opportunities in the market and provide details of the competitive landscape for stakeholders and market leadersTo forecast the market size of segments for five main regions: North America, Europe, Asia Pacific, Middle East & Africa, and Latin AmericaTo profile key players and comprehensively analyze their market rankings and core competencies.To analyze competitive developments, such as partnerships, new product launches, and mergers and acquisitions, in the Retail Analytics MarketTo analyze the impact of recession across all the regions across the Retail Analytics MarketBrowse Adjacent Markets: Analytics Market Research Reports & Consulting
Related Reports:
Customer Data Platform Market – Global Forecast to 2028
Speech Analytics Market- Global Forecast to 2029
Intelligent Document Processing Market – Global Forecast to 2027
Contact Center Analytics Market- Global Forecast to 2027
Speech to Text API Market- Global Forecast to 2026
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:Mr. Aashish MehraMarketsandMarkets™ INC.630 Dundee RoadSuite 430Northbrook, IL 60062USA: +1-888-600-6441Email: [email protected] Insight: https://www.marketsandmarkets.com/ResearchInsight/retail-analytics-market.aspVisit Our Website: https://www.marketsandmarkets.com/Content Source: https://www.marketsandmarkets.com/PressReleases/retail-analytics.asp
Logo: https://mma.prnewswire.com/media/2297424/MarketsandMarkets_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/retail-analytics-market-worth-25-0-billion-by-2029—exclusive-report-by-marketsandmarkets-302102302.html

Continue Reading

Artificial Intelligence

Full Schedule Released for Hong Kong Web3 Festival 2024

Published

on

full-schedule-released-for-hong-kong-web3-festival-2024

HONG KONG, March 28, 2024 /PRNewswire/ — Following the success of its record-breaking 2023 event, HK Web3 Festival is returning for its second edition from 6 to 9, April at Hall3FG, Hong Kong Convention and Exhibition Centre. Hosted by Wanxiang Blockchain Labs and HashKey Group, the Festival will convene over 160 game-changing projects, 100 media and 300+ notable speakers to exchange up-to-date knowledge, experiences, and views that are expected to shape the narrative around Web3 and blockchain.

With the event taking place in the innovation-rich city of Hong Kong, the Web3 Festival 2024 converges East and West ideologies. It sets four regular conference areas and an open stage, providing an avenue for eclectic discussions around Web3, idol performance, Web3 professional esports tournament, and more!
We’re proud to present our distinguished sponsors and exhibitors:
Title Sponsors: DWF Labs, Internet Computer, MEET48, OKX Web3, TON Foundation, ZA BankStrategic Partner: Cyberport, Hong Kong Trade Development Council (HKTDC), InvestHKPlatinum Sponsors: Chainlink, Cregis, Deepcoin Labs, Gate.io, Gunzilla Games, NEAR Protocol, Neo, Polkadot, Qtum, SlowMist, Telos Foundation, Victory Securities, Zetrix, ZircuitCo-organizers: Arkreen, AWS, Bitcoin Magazine, Nervos CKB, PlatON, SNZ, 香港虚拟资产行业协会, ZANSide Event Partners: ABGA, Animoca Brands & Chromia, Aptos, DRK Lab, Filecoin Foundation, GoPlus, HashKey Exchange, SlowMist, TON Foundation, UOVABOXGold Sponsors: AltLayer, Cards Ahoy!, CESS, Kaspa, Kava, 鲲KUN, Mask Network, PortUS, Roam, Rollux, X-mintPrimary Exhibition Sponsors: Alfa1, Alibaba Cloud, 百道数据, BNB Chain, CertiK, EMC, Google Cloud, Hotcoin, MicrovisionChain, OneKey, XT.comSecondary Exhibition Sponsors: Alchemy Pay, Bitget Wallet, Bitroo, CE Innovation Capital, Cell Studio, Conflux, Digital Reserve, Initiate Capital, Japan Open Chain, Nervape, NovaX Finance, OceanFi, PIN Labs, TynmoSpace, VoiceStreet, W3SA-HKTertiary Exhibition Sponsors: 100x, Akamai, Alaya AI, Bit.Store, Bullish, ChainUp, Cloud Ace, Daling Research, dappOS, Dexpert.io, ELLIPAL, EngageLab, Hacken, ICG Trading, imToken, Keyblock Solutions, Landlord, MoreLogin, MuskEX, Notifi, OpenSand, PingCAP, PrivateAI, 山海坞, StaFi, TaxDAO, Tencent Cloud, TokenPocket, TruBit, UD Blockchain, WatchX, 伊克罗德信息+IOST, zCloak NetworkKnowledge Partners: Brevis, CoinMarketCap, Flow TradersCoffee Bar Sponsor: ZetrixOpen Stage Sponsors: KongGold, 玛特宇宙, MATR1X & GEDA Esports, NovaX Finance, NuLink, OceanFi, The SandboxWelcome Bag Sponsor: d.id, VIP3Exclusive Video Partner: SpinorApril 6th – FIRST DAY
The opening ceremony will kick off at the Main Stage on the morning of April 6th. Speakers of the ceremony will include:
Dr. Xiao Feng, Chairman, Wanxiang Blockchain; Chairman and CEO, HashKey GroupMichael Wong Wai-lun, GBS, JP, Deputy Financial Secretary, Hong Kong Special Administrative RegionDeng Chao, Head, HashKey Singapore, CEO, HashKey CapitalCathie Wood, Founder, CEO and CIO, ARK InvestDuncan Chiu, Legislative Council Member (Technology & Innovation Constituency), Hong KongSimon CHAN, Chairman, Hong Kong Cyberport Management Company LimitedGenki Oda, Chairman, Japan Virtual and Crypto assets Exchange AssociationDavid Lee, Chairman, Global FinTech InstituteYang Jinyan, Secretary General, Hong Kong Virtual Assets Industry AssociationDominic Williams, Founder and Chief Scientist, DFINITY FoundationSteve Yun, President, TON FoundationJohn Hyman, Chief Investment Officer, Telegram APPOn the afternoon of April 6, intriguing sessions will take place concurrently at the Main Stage, Stage 1-4, and Open Stage.
–          Main Stage – Journey to Building Hong Kong into a Digital Economic Hub
Focusing on Hong Kong policies, regulation and fintech development, this session will gather professionals and project leaders including:
Livio Weng, COO, HashKey Group; CEO, HashKey ExchangeEugene Ng, Founding Partner, DWF LabsHong, President, OKX,Charlie Chen, Vice President, Asia Pacific, ArchblockRita Liu, CEO, RD TechnologiesRaagulan Pathy, Vice President, Asia Pacific, CirclePaul Kremsky, Head of Business Development, CumberlandJordan Dunne, Head of DeFi, TON Wallet in TelegramSergey Nazarov, Co-Founder, ChainlinkAlice Liu, Research Lead, CoinMarketCapDevon Sin, Alternate Chief Executive, ZA BankFrank Zhang, Executive Director, OKX Hong KongPaolo Chen, CSO, VDXDarshan Vaidya, CEO & Co-Founder, CredoraRichard Teng, Chief Excutive Officer, BinanceAnna Liu, General Manager of Tokenisation, HashKey GroupEmily Parker, Former CoinDesk and US State DepartmentJupiter Zheng, Partner, HashKey CapitalDeborah FUHR, ETFGI, Managing Partner, Founder, OwnerGiovanni Vicioso, Global Head of Cryptocurrency Products, CME GroupGiselle Lai, Associate Investment Director of Digital Assets, Fidelity InternationalJean-Francois MESNARD-SENSE, Senior Vice President & Head of Exchange Traded Products, Hong Kong Exchanges and Clearing LimitedDerek Wang, Head of Sales & Client Service, Bosera InternationalChen Yu, Chief Advisor, KUN-          Stage 1 – GameFi New Paradigm
Co-organized by Gunzilla Game, this session will dive into the magic of Web3 games, as well as user behaviors in Web2 and Web3 games. It will feature an eclectic lineup of speakers from across the globe:
Yat Siu, Co-Founder and Chairman, Animoca BrandsKevin Shao, Co-Founder of Bitrise Capital, Executive Chairman of ABGA, Advisor to ICC GroupJerry Liu, Gunzilla GamesArron Goolsbey, COO, Mythical GamesJason Gu, CEO, NetEase Chain; Game Advisor, Cards Ahoy!Andy Dan, Head, HashKey JapanRyo Matsubara, Representative Director, Oasys Pte. Ltd.Seihaku Yoshida, CEO, HashPortYASUSHI TERAMURA, Head of Blockchain Business, gumi Inc.Yoshiaki Harai, Director, Brilliant CryptoPär Helgosson, Head of Web3 and Metaverse, PARIS SAINT-GERMAINLeo, CGO, CARVAnthony Blackburn, Growth Lead, Gunzilla GamesEllidan Cober, SMILECOBRA PTE. LTD. O-PrincipalAnn Chien, Partner, IVCRiccardo Sibani, CPO, My Neighbor AliceMichael Tong, Founder, Xterio; CSO, FunplusViola Lee, COO, Metalist Game; Operation Manager, Cards Ahoy!-          Stage 2  – Web3+AI
Co-organized by AWS, the “Web3+AI” forum will be held at Stage 2, discussing trending topics around the integration of Web3 and AI. Confirmed speakers of this session include:
John Liu, Head of Products for Blockchain and Web3, AWSYike Guo, Provost, The Hong Kong University of Science and TechnologyYu Du, General Manager, Wanxiang Blockchain Labs; Initiator, Future3 CampusSeth Ginns, Managing Partner and Head of Liquid Investments, CoinFundYilin Hu, Associate Professor of Department of the History of Science, Tsinghua University; Founder, HuawenDaoSY Lee, CEO and Co-founder, Story ProtocolEthan Sun, Co-Founder, MyshellYu Hu, CEO, Kaito.aiSaneel Sreeni, Founding Member, Ritual.netAmber, Co-Founder, No CapitalAkina Ho, Co-Founder, AllStarsWomen DAOAnnie Hui, COO and Co-Founder, Custonomy Company LimitedMegan, CEO, RegtankTess Hau, Founder, Tess VenturesThe “Web3+AI” forum will also feature a special session, where Dr. Xiao Feng and John Liu will announce the projects selected into Future3 Campus Cohort III, powered by Wanxiang Blockchain Labs and partnered with HashKey Capital.
–          Stage 3 – Digital Asset Custody and Blockchain Security
Sessions on Stage 3 will feature a wide range of topics on digital asset custody and blockchain security, joined by professionals and experts including:
Pauline Fan, Senior Vice President, Fintech, InvestHKKang Li, Chief Security Officer, CertiKAnthony Chung, Chief Product Executive, CregisKeywolf, Partner and CPO, SlowMistEskil, Co-Founder, GoPlusYiqun, Product Lead, imTokenXiao Zhang, Founder, zCloak NetworkZack Yang, Co-Founder, FOMO PayChristoph Simmchen, Co-Founder, Safe Ecosystem FoundationYQ, Founder, AltLayerMichael Chen, Head, HashKey WealthLily Z. King, COO, CoboTRUNG BANH, Co-Founder & Chief Product Officer, HOLDSTATIONMichael Lau, Senior Vice President & Global Head of Sales, BullishMatthew Le Merle, Managing Partner and CEO, Blockchain Coinvestors-          Open Stage
The Open Stage will feature various trending topics around Web3, bringing together bigwigs like:
Tim Yang, Founder and CEO, .bitCharles, Co-founder, VIP3Viola Lee, COO, Metalist Game, Operation Manager, Cards Ahoy!Yilin Hu, Associate Professor, Department of the History of Science, Tsinghua UniversityBo Chen, CEO, 玛特宇宙                            April 7th – Day II
–          Main Stage – Layer1 + Layer2
The “Layer1+Layer2” Forum will be held on April 7th at the Main Stage, focusing on trending topics such as the latest landscape of Layer1, sustainable public chain, successful applications, Layer2 development, uses cases, ecosystem service and applications, best practice, investment trend, BTC Layer2, and more. Confirmed speakers of this forum include:
Avery Ching, Co-Founder and CTO, Aptos LabsDato Fadzli Shah, Co-Founder, ZetrixLily Liu, President, Solana FoundationScott Stuart, Co-Founder, KavaHaseeb Qureshi, Managing Partner, Dragonfly CapitalKai Xu, COO, MEET48Eli Ben Sasson, CEO and Co-founder, StarkWareSmokey, Co-Founder, BerachainRoss Zhang, Managing Partner, SNZ CapitalTom Ngo, Executive Lead, MetisTerence Lam, COO, TaikoSergei Medvedev, CMO, IntMaxLeo Fan, Founder, CysicYQ, Founder, AltLayerAngel Xu, Co-founder, ZircuitSam Seo, Representative Director, Klaytn FoundationSreeram Kannan, CEO, EigenLabsKeith Chen, Managing Director, SNZ CapitalMo Dong, Co-founder, BrevisDaniel Marin, CEO, NexusGeorgi Koreli, Founder, HinkalFubiao Xia, Co-founder, PADO LabsDennis Song, Chief Security Officer, Mind NetworkRyan Chen, Managing Partner, HashKey CapitalLasse Clausen, Founding Partner, 1kxAlexander Pack, Managing Partner, HackVCVineet Budki, Managing Partner and CEO, Cypher CapitalGavin Wang, CIO, SNZ CapitalEmma Cui, Co-Founder & Managing Partner, Longhash VenturesRena Shah, VP of Product & Operations (stacks ecosystem), Trust MachinesCipher, Co-founder, Cell StudioEason, CEO, TerpLayerBlue, Partner and CTO, SlowmistJan Camenisch, CTO, DFINITY Foundation-          Stage 1 – DePIN
DePIN represents a new paradigm for building and managing physical infrastructure, and is undoubtedly a game changer for the crypto sector. Get ready to explore the current DePIN landscape and RWA at this forum co-organized by arkreen Stage 1, where you’ve got the chance to connect with an all-star lineup of guest speakers, top DePIN project founders, investors, and visionaries.
Abhay Kumar, CEO, Helium FoundationAndy Chatham, Co-Founder, DIMOSal Gala, Founder, EV3Ivy Peng, Founder, Open Infra CapitalYu Du, General Manager, Wanxiang Blockchain Labs; Initiator, Future3 CampusLeo Lin, Founder, arkreenYuan Gao, Head of Growth, Helium FoundationKuleen Nimkar, Head of DePIN, Solana FoundationHenrique Centieiro, Research Manager, Hashkey CapitalAdrian Clevenot, Digital Assets Markets Lead, PwC HKYves La Rose, CEO, EOS Network FoundationRichard Liu, Co-founder & Co-CEO, Huma FinanceHenry Zhang, Founder & CEO, DigiFTKazuhiro Sudo, COO, BOOSTRYAbba Garba, Head of Product and Partnership, arkreen NetworkFredrik Ahlgren, CEO and Co-founder, Srcful.ioDayon Elings, Business Developer, bloXmoveTing, Founder, PowerPodSascha Kubisch, Co-Founder & CTO, PenomoAlex, Co-Founder, EMCDiana Biggs, Partner, 1kxKang Shen, Founder, Hash GlobalRay Xiao, Senior Director, IOSG VenturesEo Hao, Co-Founder, Future Money GroupDexter Luo, General Manager of Ecosystem Partnership, Fibocom WirelessJose Marcelino, Solutions Architect, RAKwirelessJoey Jiang, VP, SeeedstudioYiming Wang, Partner, JDIYuning Liang, Founder & CEO, Xcalibyte & DeepComputingDaniel Andrade, CTO & Co-Founder, HotspottyNico Burkart, Partnerships & Business Development, Streamr NetworkLuis Gruson, Co-Founder and BD Lead, KwilChess, CEO, GMNetworkAndrew Law, Research Scientist, IoTeX-          Stage 2 – The Future of Web3 & Web3 Payment Re-imagined
The morning session at Stage 2 will convene Web3 bigwigs across the globe to explore the next big thing that’s shaping the future of Web3.
Chae Ho Shin, CFO, 1inchAkif, Regional Growth Lead, Deepcoin LabsKevin Lee, CEO, Gate.HKJehan Chu, Founder, Kenetic Capital;Uri Ferruccio, CEO, ConcordiaAugie, Head of Asia, CMTStanley Huo, Partner & Head of Asia, Hivemind CapitalSteve Lee, Co-Founder & Managing Partner, Neoclassic CapitalBalal Khan, Co-founder, ZKEX.comAdrian Wang, Founder and CEO, MetalphaShawn Lim, Founder & Partner, Artichoke CapitalPaul Kim, Notifi CEOSmokey, Co-Founder, BerachainTim Wang, COO, Elixir NetworkRushi Manche, CEO, Movement LabsThe spotlight will be on Web3 payment at the afternoon session co-organized by PlatON, discussing topics like “Innovative use cases in Stablecoins”, “Global Regulatory Focus Trends Discussion in Web3 Payment”, and more. It will bring together esteemed speakers including:  
Abdallah Abu-Sheikh, Co-Founder of Astra Tech & CEO of BotimCharles Huang, Chairman of DCS Fintech HoldingsAnson Zeall, Chief Strategy Officer and Head of Compliance at dtcpayAdam Farhat, Director of Partnerships, Alchemy PayHelen Chen, Senior Director, Payment AsiaLi Hui, CEO, FatpayCeridwen Choo, CEO, DCS InnovDaniel Lee, Head of Web3, Banking CircleLaurence Yuan, Partner, Fangda PartnersPaul Li, President, Hong Kong Fintech Industry AssociationEmil Chan, Co-Chair, Hong Kong Digital Finance AssociationChen Yu, Chief Consultant, KUNJason Gu, CEO, NetEase ChainAmor Maclang, Convenor, International Digital Economies Association-          Stage 3 – Web3 Infrastructure & Web3 Mass Adoption
At the morning session at Stage 3, a wide range of topics will be discussed around Web3 infrastructure. Intriguing discussions will surely ignite the stage with the participation of world-leading projects like Qtum, Polygon Labs, Conflux, Neo, Google Cloud, Kaspa, Avail, ChainIDE, BNBChain, Astar, Ripple, Manta, and more. Confirmed speakers of this session include:
Marc Boiron, Chief Executive Officer, Polygon LabsMiguel Palencia, Co-Founder, QtumMing Wu, Co-Founder & CTO, ConfluxDa Hongfei, Founder, NEORishi Ramchandani, Head of APAC Web3 GTM, Google CloudJagdeep Sidhu, CEO/President, SYS Labs/SYS FoundationShai Wyborski, Core Researcher, GHOSTDAG coauthor, KaspaAnurag Arjun, Co-Founder, AvailLing, Founder of ChainIDE, Executive Committee Member of ETH RiyadhSarah, APAC BD Lead, BNBChainMingshi Song, Head of Strategy, Astar NetworkEmi Yoshikawa, VP, Strategic Initiatives, RippleKenny Li, Co-Founder, Manta NetworkThe afternoon session aims to delve deep into the transformative concepts and technologies that are driving the mass adoption of Web3. Co-organized by ZAN, this forum will gather professionals and visionaries exchange insights and shed light on solutions towards Web3 mass adoption. It will feature an all-star lineup of speakers including:
Bin Chen, General Manager, Shanghai Wanxiang Blockchain IncVictor Zhou, CEO of Namefi, Ethereum EIP EditorHUI ZHANG, CEO, ZANYisi Liu, Co-Founder and CTO, Mask NetworkDongliang Guo, VP, Product & Solutions, Alibaba Cloud InternationalRich Rines, Initial Contributor, Core DAOZheming Lin, Co-Founder and CEO, Mempool and DotWalletCobe Zhang, Head of Web3 and AI products, ZANCipher, Co-founder, Nervos; Founder, Cell StudioJerry Li, CEO, Artela NetworkPeet, Co-Founder, Trusta LabsKai Xu, COO, MEET48Ken, Partner & Head of APAC Investment, Web3Port FoundationSam, Operation Manager, TokenPocketShier, Co-Founder, NFTScan LabsCharles, Co-Founder, VIP3Rene Z, Founder, CharacterXDaniel Dai, Partner, LFGEva Beylin, Director, The GraphTegan Kline, CEO, Edge & Node-          Open Stage
Notable speakers worldwide will be gathered at the Open Stage for ground-breaking discussions on Web3 and blockchain:
Jason Runyon, CEO, NovaXOlaf Niggemann, CEO, OceanFiKathy Qu, Research Manager, HashKey CloudJason Choi, Head of Strategy, CointelegraphSreeram Kannan, Founder, EigenlayerDavid Tse, Co-Founder, BabylonChainDorothy Liu, Head of Growth, Altlayer.ioLucas Kozinski, Founding Contributor, Renzo ProtocolRanvir Rana, Co-Founder, WitnessChainErich Wong, Head of Growth of, The Sandbox Hong KongRachel Lee, Senior Manager, FinTech, CyberportAlso enjoy an excellent idol performance like no other given by SNH48 Group!
April 8th – DAY III
Get yourself immersed in a crypto journey on April 8th with side-event partners as they take the center stage at the Festival.
Main Stage: TON At Web3 Festival
Stage 1 (Morning): Only On Aptos
Stage 1 (Afternoon): Hong Kong Web3 Festival 2024 Official GameFi Side Event
Stage 2 (Morning): HashKey Exchange: New Era for Compliant Trading
Stage 2 (Afternoon): GoPlus User Security Summit HongKong
Stage 3 (Morning): FIL Hong Kong
Stage 3 (Afternoon): Hacking Time: Web3 Security and Compliance
Web3 Festival Side-events:https://en.web3festival.org/Side_Event.html
An exciting Web3 professional esports tournament will kick off at the Open Stage from April 8 to 9, hosted by Matr1x and GEDA Esports. Get prepared!
April 9th – LAST DAY
The last day of the event will see exciting side-events organized by Animoca Brands & Chromia, DRK Lab, and UOVABOX, alongside two forums held by the hosts and co-organizers.
Forum – BTC Technology Development and Ecosystem Construction
This forum will take place at the Main Stage (morning) and Stage 3 (afternoon), with a special focus on the Bitcoin ecosystem. It will invite:
Jan, Architect, NervosJohn Lilic, Executive Director, TelosJohn Riggins, Partner, BTC IncJeff Ren, Partner, OKX VentureXing Kong, Founder, Bixin GroupShen Yu, Co-Founder & CEO, CoboDU JUN, CEO, SINOHOPEJeffrey Hu, Head of Investment Research, HashKey CapitalBen, Founder, Discoco labsArthur, Creator, AtomicalsCipher, Co-founder, Nervos; Founder, Cell StudioRena Shah, VP Products & Operations, Trust MachinesDavid Tse, Founder, BabylonJeff, Founder, Merlin ChainHan Tang, Founder, SeeDAOYunwen, Researcher, CryptapeZhao Zhang, CTO, OneKeyShawn, Head of Incubator, SeeDAOForest, Founder, Foresight Ventures; Chairman of The BlockJianping Kong, Founder, Nano LabsWang Feng, CEO & Founder, ElementBrutoshi, Co-Founder, Wizz WalletZhixiong Pan, Co-Founder, ChainFeedsKeith Chen, Managing Partner, SNZ CapitalJerry Liu, Founding Partner, Waterdrip CapitalAudrey Tang, Founder, DRK LabBMAN, Co-Founder, ABCDEForum- Restaking & DeFi
This forum will take place at the Stage 1 (morning). It will invite:
Arisa Toyosaki, Co-Founder and CEO, CegaPhilip Forte, CEO, ElixirCharles d’Haussy, CEO, dYdX FoundationJoseph Poon, CEO, WarpFiona Ma, Senior Associate, DWF VenturesJacob Ko, Founding Partner, SuperscryptMin Teo, Managing Partner and Co-Founder, EtherealAdam, Founding Partner, FinalityAlan Curtis, CEO, Rio NetworkTina Haibodi, External Strategy Lead, Eigen LabsForum- Tokenization
This forum will mark an official end to this incredible journey, where you’ve got the chance to connect with:
Yike Guo, Provost, The Hong Kong University of Science and TechnologyDuncan Chiu, Legislative Council Member (Technology & Innovation Constituency), Hong KongDr. XIAO Feng, Chairman of Wanxiang Blockchain, Chairman and CEO of HashKey GroupLeo Lin, Founder, arkreenCao Meiying, Co-Initiator, ThreeDAOLeo, Co-Founder & Chief Content Officer, Moore FinanceAlex, Co-Founder, VIP3Leo Li, CEO, HashKey CloudLoong Pui Fung Andrew, Principal Consultant, Cascade Capital LimitedKennix Chan, Executive Director, Victory Securities Company LimitedMerida PAN, COO, Magic Circle Technology LimitedHannah Cassidy, Partner, Herbert Smith Freehills; Asia Head, Financial Services RegulatoryJong-Goo Yi, Senior Foreign Attorney, Kim & ChangJay Lee, Partner, K&L Gates 
About Web3 Festival 
Hong Kong Web3 Festival is a premier Web3 event hosted by Wanxiang Blockchain Labs and HashKey Group, and organized by W3ME. Hong Kong Web3 Festival provides an open stage to foster collboration, explore the Web3 landscape and establish a shared vision of the digital future. Learn more at web3festival.org
Photo – https://mma.prnewswire.com/media/2374451/Hong_Kong_Web3_Festival_2024.jpg
Photo – https://mma.prnewswire.com/media/2374452/The_Agenda_Hong_Kong_Web3_Festival_2024.jpg

View original content:https://www.prnewswire.co.uk/news-releases/full-schedule-released-for-hong-kong-web3-festival-2024-302102650.html

Continue Reading

Artificial Intelligence

Aryaka’s 2024 Secure Network Transformation Report: 81% of IT Pros Say Hybrid Work Drives Demand for SASE and Zero-Trust Networking

Published

on

aryaka’s-2024-secure-network-transformation-report:-81%-of-it-pros-say-hybrid-work-drives-demand-for-sase-and-zero-trust-networking

70% seek SASE and SD-WAN convergence for simplified network security management
SANTA CLARA, Calif., March 28, 2024 /PRNewswire/ — CIOs, CISOs and IT leaders are drowning in complexity as they manage hybrid workforces, cloud adoption and the ever-evolving threat landscape. A new report from Aryaka®, the leader and first to deliver Unified SASE as a Service, reveals that Secure Access Service Edge (SASE) and Software-Defined Wide Area Networking (SD-WAN) are rapidly becoming essential tools for navigating this complex environment.

The Secure Network Transformation Report 2024 surveyed 202 IT, security and network professionals, director-level and above, across North America, EMEA and Asia. The findings paint a picture of the industry’s changing landscape and highlight key emerging trends:
Hybrid Everything Drives Demand for Flexibility: The rise of hybrid work arrangements, coupled with hybrid infrastructure and security deployments, is fueling the need for adaptable and secure network solutions. A significant 81% of respondents say hybrid work is driving demand for SASE and zero-trust networking. This highlights the critical role these technologies play in connecting a complex, hybrid world.SASE and SD-WAN: The Pillars of Modern Network Security: SASE and SD-WAN are no longer seen as niche solutions. The survey found that a staggering 84% of respondents believe SASE is either “mature” or “somewhat mature,” with an even higher number (91%) saying the same about SD-WAN. This maturation positions SASE and SD-WAN as trusted, complementary tools for modern network security strategies. SASE integrates security features with SD-WAN’s network optimization capabilities, ultimately simplifying management and strengthening security.Network and Security Convergence: A sizable majority (70%) of respondents indicated that they see value in converging SASE and SD-WAN solutions. The primary benefits for doing so are multi-pronged. 34% want more robust network operations and security, 24% want less operational burden and 19% want vendor consolidation.Zero-Trust Networking is a Cornerstone of Hybrid Work Security: As more organizations embrace hybrid work, securing access points becomes paramount. The survey revealed that 64% of respondents consider zero-trust security a crucial component of SASE for hybrid work deployments.The Secure Network Transformation Report 2024 also delves deeper into other industry trends. For example, the exponential growth of cloud-based applications and services, including Artificial Intelligence (AI), is placing a notable strain on traditional network architectures. These modern applications require secure, high-performance connections that can dynamically adapt to changing traffic patterns. The report found that 67% of respondents see managed services and SASE playing a greater role in managing these complex environments.
Additionally, the report explores the shift in enterprises moving away from expensive legacy Multiprotocol Label Switching (MPLS) services, with 76% planning to eliminate MPLS, either in the immediate future or in the next 2-3 years. Moreover, 10% of respondents have already eliminated MPLS completely.
“Our report shows that the IT and network security landscape is undergoing a major transformation driven by the rise of hybrid work models and the ever-increasing adoption of AI and cloud-based applications and services,” said Pete Harteveld, Chief Revenue Officer at Aryaka. “Aryaka is listening to its customers and the IT industry at large to deliver innovative solutions that address businesses’ most pressing needs. Our Unified SASE as a Service combines a unified single-pass architecture, global private network backbone, and security, observability and application performance capabilities into a single platform. That alone is unprecedented, but we also deliver it as a service, providing the security as well as the flexibility and affordability today’s IT leaders require.”
Aryaka’s Secure Network Transformation Report 2024 offers a comprehensive analysis of the findings and explores the implications for IT, network and security leaders. To download the full report, please visit: https://www.aryaka.com/reports-and-guides/secure-network-transformation-report-2024/
Additional Resources:For more on Aryaka, please visit: https://www.aryaka.com/Visit the Aryaka blog: https://www.aryaka.com/blog/Follow Aryaka on X: @AryakaNetworksVisit Aryaka on LinkedIn: https://www.linkedin.com/company/aryaka-networks/
About AryakaAryaka is the leader and first to deliver Unified SASE as a Service, the only SASE solution designed and built to deliver performance, agility, simplicity and security without tradeoffs. Aryaka meets customers where they are on their unique SASE journeys, enabling them to seamlessly modernize, optimize and transform their networking and security environments. Aryaka’s flexible delivery options empower enterprises to choose their preferred approach for implementation and management. Hundreds of global enterprises, including several in the Fortune 100, depend on Aryaka for cloud-based software-defined networking and security services. For more on Aryaka, please visit www.aryaka.com.
Technology Media/Analyst ContactLee RegalLumina Communications for [email protected]
Channel Media/Analyst ContactKhali HendersonSenior PartnerBuzzTheory (for Aryaka)[email protected]
Logo – https://mma.prnewswire.com/media/1912191/Aryaka_v2_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/aryakas-2024-secure-network-transformation-report-81-of-it-pros-say-hybrid-work-drives-demand-for-sase-and-zero-trust-networking-302102131.html

Continue Reading

Trending