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Daily Archives: December 5, 2021
Anowa Quarcoo leads a passionate group thats using technology to make Toronto a better and fairer place to live – Toronto Star
Posted: December 5, 2021 at 11:53 am
Anowa Quarcoo isnt the type to sit around and watch television when theres something anything else she could be doing. The 35-year-old, who currently works in strategy and planning at Loblaws, recently earned a dual masters degree in global affairs and business administration out of boredom. For me, Quarcoo says, boredom is often a signal that its time to learn something or try something different.
When shes not busy with her day job, Quarcoo spends her time working with others to find ways to use technology to improve civic engagement in Toronto. Having grown up in Kenya and Uganda, Quarcoo says her computer access was a privilege not enjoyed by everyone. I was also cognizant, she says, that the internet was not created for someone like me, who lived on the African continent, and who had a very different perspective and story.
Quarcoos own experience as well her desire to see more representation in city issues led her to civic hacking. Though hacking may conjure up images of 90s action stars in head-to-toe leather breaking into a computer mainframe, as Quarcoo explains, the civic variety is about using technology and human-centred design to solve problems.
Take the citys budget. How cool would it be if you could understand how your money goes into public coffers, she asks. How does that process work? If we make a tool that can allow you to do that, thats civic hacking.
Theres this saying in the civic technology community that no one is coming, its up to us, she says. So Quarcoo, founded Civic Tech Toronto six years ago with a few likeminded individuals. Since then, she has hosted more than 300 Hacknights, otherwise known as meetings.
One of Civic Techs first big projects the Budgetpedia, aimed to make the municipal budget accessible and meaningfully searchable, so citizens could participate in informed debate and advocate for change.
Taking inspiration from Chi Hack Nights, where Chicagoans gather weekly to create, share and learn in the service of the public good, Civic Tech Toronto meets every Tuesday night (except holidays). We are a mix of technologists, public policy [makers], comms, activists people from all sorts technology spaces, all with different perspectives, Quarcoo says. We arent a monolithic group.
Quarcoo recalls one Hacknight participant in her 70s who was passionate about creating an equitable city. And she was a treasure trove of information, Quarcoo says. So even though she didnt understand how to build the technology, she understood the issues and the players in a way that the developers might not. One of the conversations centred on city-owned residential buildings. What she brought was a good understanding of senior issues, including barriers that affected them says Quarcoo.
A typical Hacknight includes a guest speaker and a time for pitching proposals. Projects have included COVID-infection modelling homeless-shelter-capacity data-sharing and suburban-cycling advocacy.
One standout project for Quarcoo is Women and Color. Civic Tech Toronto helped the organization build their new website so it could work to address the lack of women and people of colour speaking at tech conferences. Women and Color makes it easy for people planning conferences to find subject matter experts and address the lack of gender and racial representation. Straight, cis, white men are not the only people working in technology, says Quarcoo.
When asked whats next, in the spirit of Civic Tech, Quarcoo took the question to the community at a meeting. In the next few months, we are exploring ways to try our hybrid event offerings, as everyone has a bit of Zoom fatigue, Quarcoo says. We are also thinking through how Civic Tech Toronto can include and interact with more communities beyond the physical postal-code borders of Toronto especially since people from all around the world have been able to join our virtual events.
As for Quarcoo, shes still keeping boredom at bay. She recently joined the CivicAction Leadership Foundations Emerging Leaders Network executive committee as a co-chair to help keep people engaged. People are passionate about civic issues, she says. Theyre passionate about living in a city that works well for others, that is equitable. At peoples core, regardless of what your vocation is, you want to live in a city that works well.
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Tech scouts that track, assess, test emerging technology potential – AMEinfo
Posted: at 11:53 am
Oliver Wick, who works in BMWs Munich office, has a rather unusual job title of Technology Scout. He is responsible for scanning the exciting world of emerging technologies, and assessing which ones have the potential to improve or innovate, in his case, BMWs business model.
He is not alone in the company or in the world to do this. The automotive company has technology offices spread out across the world, where experts like Wick are tasked with identifying relevant innovations and generating trend reports for use cases ranging from car production to smart city services.
In BMWs case, these scout teams are equipped with a Tech Radar, custom-built software that collects and analyses data from R&D, patents, markets, venturing, and other sources, to gauge emerging technologies of interest and of their level of maturity.
Once a promising innovation has been identified, technology scouts are expected to network with startups and universities working in the field and to come up with proof of concepts.
BMW went one step further by also creating a Startup Garage to encourage smaller companies with a good idea to submit their pitch, with the promise of a contract with the automotive company for those selected.
Another example is energy manufacturer Enel,which currently boasts Innovation Hubs in 10 cities across the world, all designed to discover startups and small organizations whose technology could eventually serve Enels own business interests.
Form Energy, for instance, is a startup that is developing low-cost and long-duration batteries that can be combined with renewable energy sources and found in Enel an interested party to actively invest in the startup and provide it with guidance to grow its product.
What ROI is expected from this? A recent study carried out by the Harvard Business Review analysed data from a multinational oil companyto assess whether the firms efforts in R&D had paid off. After reviewing 7,000 drilling projects, examining the career history of over 30,000 engineers, and holding interviews with managers and executives, the researchers found that the company had spent billions of dollars on R&D every year and generated almost 10,000 patents. This led to drilling costs falling by 15%, saving an average $90 million per year per subsidiary.
The Tech tracker
JLL, a global real estate services firm, recently announced the outcome of an educational workshop with The Massachusetts Institute of Technology (MIT) culminating in the launch of the universitys revolutionary online web tool called theTech Tracker.
The MIT Tech Tracker scouts, analyzes, and predicts the future of technology within the built environment. The industry-first platform provides unparalleled insight into technologies that have the potential to make the biggest impact on the development, management, and configuring of property and space.
The Tech Tracker replaces gut feelings about whats hot with actual data and machine-learning algorithms. From augmented reality to 5G, and on to flying cars, plastics made from algae, Martian concrete, and more, the Tech Tracker has thousands of profiles for users to track whats keeping pace, cooling down, and on the rise.
The Tech Trackers top 10 techs identified as ofSeptember 2021are:
Energy tech scouts
Increasing urgency to address climate change is driving more money than ever into climate-related technologies. Global investments in the energy transition grew to$500 billion in 2020, up 9% year on year, even in the face of the pandemic.
For companies looking to invest, they need effective tech scouts to find the right investments, which with the right support can be commercialized and deployed at scale.
More than1,200 climate tech startupshave launched since 2013, according to PwC. But successfully commercializing new climate technologies takes more than a sophisticated new concept and promising engineering. It also demands well-placed partners with deep expertise and strong connections in the right parts of the industry.
Conferences can be rich scouting environments as many startups see such events as perfect opportunities to present their solutions while partnering with accelerators is another way to meet and interact with early-stage start-ups.
Experienced leadership and a strong management team vastly increase the likelihood that a startup will be successful in developing and scaling its innovative technology.
The synergies between startups and teams scouting for them create better solutions faster than either organization could develop on its own.
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Marvell Technology breaks away from the pack, joining the list of must-own semiconductor stocks – MarketWatch
Posted: at 11:53 am
The supply-chain crisis and chip shortage have shed light on semiconductors as never before.
Seeing how we depend on semiconductors to function as a society has been exposed. This has been good for the semiconductor industry, or at least those able to manage supply constraints and swelling demand.
While the likes of Nvidia NVDA, -4.46%, AMD AMD, -4.43%, Intel INTC, -0.51% and Qualcomm QCOM, -0.29% are often among the first companies that come to mind for semiconductor investors, there are other players that have been growing, innovating and thriving amid the chip boom.
In a recent opinion piece, I pointed out four: Lattice Semiconductor LSCC, -1.59%, Micron Technology MU, -1.52%, Applied Materials AMAT, -0.45% and Marvell Technology MRVL, +17.68%. The first three have performed admirably this year, with returns between 12% (Micron Technology) to about 70% (Lattice Semiconductor and Applied Materials). Marvell, following its most recent quarterly results and subsequent share-price explosion, is on pace to perform better than all of them.
I firmly see Marvell Technologys strategy, which ties it to rapidly expanding secular trends like 5G, connected vehicles and cloud, as an indicator of its growth prospects and runway for short- and longer-term growth.
Thursdays earnings report showed record revenue of $1.21 billion, up 61% year-over-year, cementing the companys recent form as both consistent and encouraging, especially for Marvell investors.
Other noteworthy metrics for the quarter included 72% growth in earnings per share year over year, 109% growth for cloud and an exceptionally bullish outlook for its fourth quarter and fiscal 2023 periods. The company guidance is for 65% growth (at the midpoint), and more than 30% growth in its fiscal year ahead.
Marvell, based in Santa Clara, Calif., has now enjoyed six quarters of accelerated earnings and received several upgrades this year, including a notable revision from Citigroup.
The numbers that Marvell has delivered over this robust period of growth is the byproduct of a slate of wise strategic decisions that have been made by Matt Murphy and his leadership team since coming on board. When Murphy took over the company 5 1/2 years ago, it was in a delicate state, to say it nicely. The company, which had its most significant bets on the consumer space, was dealing with increased competition, margin compression and a lack of differentiation.
The pivot to delivering valuable innovation that correlates with some of the worlds most in-demand markets began with the acquisition of Cavium. This pivot from consumer was high-risk, high-reward, but has proven to be a stroke of genius, and the entry/expansion into high-growth areas including datacenter, edge, cloud, 5G and automotive has made the company not only increasingly relevant but a key growth name in these industries with notable upside due to its attachment to these in-demand trends, which are all seeing expanding total addressable markets (TAMs).
Beyond the right technology bets, the company has also made a series of strong acquisitions to strengthen its network and datacenter capabilities. First was the notable and largest-ever acquisition for Marvell of Inphi at $10 billion. More recently, the company acquired Innovium, which is set to add $150 million to the companys top line in 2023 but also added to its capabilities to deliver high-end ethernet switch ASICs, which instantaneously improved the companys position with hyperscale cloud providers as well as a growing number of edge use cases.
With a current market value hovering at around $60 billion, Marvell is quietly on its way to mega-cap status, something that could happen over the next two to three years if it continues to execute at its current rate. Concurrently, chip demand is slated to stay high for at least the next few years. However, I dont see secular trends in any of Marvells key segments reversing in the foreseeable future.
Add in the bullish guidance, calculated market selection and the strategic utilization of M&A, and we have what looks to be a winner in Marvell Technology. A company that bullish semiconductor investors simply cannot afford to ignore.
Daniel Newman is the principal analyst atFuturum Research, which provides or has provided research, analysis, advising, and/or consulting to Marvell, Qualcomm, Intel, Nvidia and dozens of other companies in the tech and digital industries. Neither he nor his firm holds any equity positions with any companies cited. Follow him on Twitter@danielnewmanUV.
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Can Technology Predict War? The Diplomat – The Diplomat
Posted: at 11:53 am
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In the largely forgotten 2003 John Woo film Paycheck, an amnesiac Ben Affleck has to piece together his memories to stop a machine he built for evil industrialist Aaron Eckhart from destroying the world. But given that it was an adaptation of a Phillip K. Dick short story, the twist is much smarter than the film around it: The machine in question isnt a weapon, but a device capable of seeing into the future. The machines predictions of war and plague convince policymakers to make decisions that precipitate exactly those outcomes.
Here in 2021, we thankfully do not have such a machine (though perhaps Ben Affleck wishes hed had one before agreeing to star in Paycheck). But in keeping with my practice of trying to extract interesting ideas from mediocre films, I found myself thinking about the prediction machine (the film, sadly, never gives it a catchier name) because it is hard to ignore the feeling that the odds of a major war in the near future are increasing. Russian forces are massing by the border of Ukraine while Belarus foments a migrant crisis on its border with Poland. Meanwhile, China continues to threaten Taiwan, while observers sound increasingly urgent alarms that a confrontation between Beijing and its neighbors which might well draw in the U.S. is growing more likely.
With that increasingly threatening background, the question that occurred to me is: How can we get better at understanding the actual risk of war? And can better understanding translate into a lowered risk?
This isnt a new question. Political scientists and analytical units in governments have tried to create more accurate, more rational, and more systemic ways to assess the risk of war (or other violent collapse) for decades. Obviously, given what we know about physics and the linear flow of time, a machine that can literally peer into the future is much closer to a science fictional trope than to reality. But like elections analysts, meteorologists, and sports fans, policymakers and political scientists can turn to the increasingly vast stores of data available about the world and try to parse it using sophisticated algorithms.
It is important to be clear about what the outputs of such systems are and arent. While colloquially called predictions, the actual outputs tend to be ranges of estimates based on a combination of historical data and assumptions about correlation and causation. Turning that into policy is a complex, nuanced, and fallible process. Solving the technical problems of accessing, parsing, and analyzing data and producing a more specific, more accurate forecast an enormous task, to be clear does nothing to decrease the procedural, institutional, and political challenges of translating that into better decisions.
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But being able to provide an assessment whether couched in numerical probability terms or not of the likelihood of a war and identifying the exact circumstances and timing under which it will start are completely different things. After all, few people were surprised when World War I broke out, but no one predicted that the assassination of Archduke Franz Ferdinand in Sarajevo would be the precipitating factor. Similarly, the idea that Japan and the United States would come to blows in the Pacific was not itself a surprise but the attack on Pearl Harbor very much was, and its tactical success largely predicated on the unpreparedness of the Pacific Fleet early on that specific Sunday morning.
Technology, to be fair, has made it much harder to hide the material preparations for war. It is impossible to hide the movement of large numbers of troops, aircraft, armored vehicles, or warships from the constellation of observation satellites operated on behalf of both governments and non-governmental entities, while open-source analysts can pick up and broadcast - other tells from photos, videos, and social media.
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Material preparation, however, is a necessary but not sufficient condition for war. A buildup and demonstration of forces followed by a quiet drawdown is a far more common occurrence than a buildup followed by actual combat. External factors the balance of forces, the economic and political backdrop, even the weather or the season account for some of the difference, and to some extent can be taken account of in sophisticated models.
But ultimately, the decision to go to war is made by a different group of human beings with a fundamentally different perspective, even if they are looking at the exact same set of military and non-military factors. That difference of perspective is far harder to model than any number of complex observable factors. After all, the last two decades saw any number of optimistic claims that technological connectivity would produce greater understanding between people and nations and cultures but the reality has been far less optimistic. And, of course, simulations of human behavior, no matter how sophisticated, are always going to be shaped by the biases of their own designers.
Humility is not, by itself, a useful analytical tool. But it is a fundamentally human conceit, and a necessary condition of sound decision-making; the awareness that ones awareness is limited and that the game looks very different from the other side of the board. As predictive systems become more embedded into decision-making structures, perhaps the role of humans will be to embrace that uncertainty and accommodate it.
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Buncombe Co. Schools, sheriffs office protecting students through technology – WSPA 7News
Posted: at 11:53 am
BUNCOMBE COUNTY, N.C. (WSPA) Tracking threats in your childs school and tackling them quicker than ever before. Thats what both law enforcement and school leaders in Buncombe County are working on now, using technology.
Its a typical Friday at Clyde A. Erwin High School in Buncombe County. Students walking to class, nestled safely inside the walls of the school.
The Buncombe County Sheriff along with school leaders, want it to stay that way. Theyre using technology along with the cameras sprinkled in every school in the district, to help.
What it helps us do is we actually can see what happened, we can now react to that threat and go right to that threat, while we keep our students safe, said Sheriff Quentin Miller.
Sheriff Miller said screens they have displayed on the walls in their office have real time access to those cameras, allowing them to have eyes inside the school.
Miller said it helps not only responding deputies, but also emergency crews and knowing where the safest place is to evacuate the students.
He told us, it allows them to be more efficient, stop any threat and do it quicker than before.
It gives the schools peace of mind, it gives the parents peace of mind because the information will be available to us quicker, said Buncombe County Schools Assistant Superintendent Joseph Hough.
The schools already had the cameras but now, the sheriffs office can instantly tap into them when a threat or emergency arises.
Say in this camera here, we have a suspect, were able to do a screen grab of the suspect. We can now send this out to all responding officers, Sgt. Bryan Freeborn said with the Buncombe County Sheriffs Office.
Sgt. Freeborn said that technology goes beyond the screens in the sheriffs office and also, to their phones.
Say Im in the school, I clip this to my belt so now I am able to walk through the school and the deputies can see real life, what is happening around me, Sgt. Freeborn explained.
The hope behind it all is safety and one less thing to worry about when your child goes off to school.
We hope youre here to get your education, not worry about if youre going to survive going to school today, Sheriff Miller said.
Both the sheriff and assistant superintendent said this is just the start of much more to come.
School leaders said theyre going to keep adding cameras throughout their schools to make this all even more efficient.
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Buncombe Co. Schools, sheriffs office protecting students through technology - WSPA 7News
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India developing indigenous anti-drone technology, forces will get it soon: Amit Shah – The Indian Express
Posted: at 11:53 am
India is developing indigenous technology to thwart the growing threat of drones on the countrys borders and it will soon be made available to the security forces, Union Home Minister Amit Shah said Sunday.
The best technology available in the world will be given to you for border security. It is the governments commitment. To meet the threat of drones, the BSF, the NSG, and the DRDO are together working on an anti-drone defence system. I have full confidence in our scientists. Very soon we will have an indigenous anti-drone system in the country, Shah said while addressing BSF personnel on the occasion of the forces 57th Raising Day in Jaisalmer, Rajasthan.
This is the first time BSFs Raising Day is being celebrated near the India-Pakistan border. The Home Minister appreciated this move by the force and said that such celebrations should indeed be made at places where the forces jawans are setting examples of bravery every day and not in Delhi.
Any country can only progress and make its culture prosper when it is secure. And you are the ones who secure the country. The nation is proud of you. For the Modi government, the meaning of border security is national security. So remember, you are not just securing the borders but giving the nation an opportunity to secure its position in the world, Shah said.
Shah said the government was not only committed to the welfare of the force personnel but was also investing heavily in improving border infrastructure. For better infrastructure on the borders, the budget for road construction has been increased from Rs 23,000 crore between 2008 and 2014 to Rs 44,600 crore between 2014 and 2020. This shows we are committed to improving border infrastructure, Shah said.
The home minister also laid stress on improving relations between BSF personnel and civilians living in border areas. He said BSF must take care of the people and see if all government schemes are being implemented on the ground.
The government has launched multiple welfare schemes for those living near the borders. I urge BSF jawans that along with securing the borders, whenever you find time, pay some attention to the implementation of these schemes. If we are able to keep our border people happy, make their facilities better, it will help you in securing the borders. I am sure you will both maintain relations and communications with the border people, he said.
According to BSF, Shah paid rich tributes to the jawans of BSF who laid down their lives in the line of duty. He reminisced the role of BSF in various historic events like the 1971 War when BSF personnel fought bravely against a numerically superior force despite being in the nascent stage of its raising, the BSF said.
During the parade, the contingents of different Frontiers of Border Security Force marched past the inspection dais, showcasing the Seema Praharis valour, saga and commitment to the nation. The parade comprised a march past of 12-foot contingents including Mahila Prahari contingent, decorated officers and men, the famed Camel Contingent and Camel Band, mounted column, dog Squad, communication contingent displaying the technological advances by the force, special appearance by BSF Bagpipers, it added.
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Accelerating the growth of education technology for the classroom of tomorrow – Manila Bulletin
Posted: at 11:53 am
Taiwans Industrial Development Bureau (IDB), the administrative agency of the Ministry of Economic Affairs of Taiwan, in collaboration with the Institute for Information Industry (III) and Digital Education Institute (DEI), organized the METAEDU 21, a series of hybrid events spanning from 1 November to 5 November. Accelerated the growth of education technology (EdTech), webinars and seminars delivered by experienced practitioners formed the lineup of the event.
COVID-19 EdTech Boom: Changing the face of EdTech
The COVID-19 pandemic has radically altered the way we live, work, learn, and play. While it has undeniably presented unique challenges that we had to or have yet to overcome, the pandemic has also catalyzed an unprecedented EdTech boom.
According to the 2021 Taiwan EdTech Industry Survey Report, the total output value of EdTech in Taiwan amounted to 16.4 billion U.S. dollars. Compared to 2020, the overall output value saw annual growth of 220.9%. Specifically, the pandemic has fuelled the growth in demand for teaching hardware, which in itself accounted for more than 80% of the total output value. teaching software, communication products, cloud video, and learning platforms, and teaching assistive devices, among other deployment requirements.
This stark growth not only points to the pandemic-driven EdTech boom but also cements Taiwans key position in the global information and communications supply chain amidst the pandemic.
METAEDU 21 Tomorrow We Together: Riding the wave to accelerate the growth of EdTech
The event saw active participation from government agencies of various countries, international research institutions, educators, global venture capital companies, and learning technology professionals from all around the world.
Taiwan stands on a new international stage and event visitors walked away with valuable insights and actionable takeaways.
Shaped around 3 major themes Innovative Diffusion, Talent Cultivation, and Ecosystem Integration the inaugural annual event focuses on accelerating the EdTech ecosystem in Southeast Asia by providing an open and collaborative platform.
The five-day event was held and received much attention especially the first day HolonIQ online forum talked about 2021 Taiwan EdTech 50, the 2021 market research report and featured the sharing of award-winning companies on their business ideas and future development plans. HolonIQ is the worlds leading impact intelligence platform. They helped several EdTech events in Middle East, Africa, Asia, and this is the first time helping Taiwan to have the Taiwan 50 EdTech and giving the award acknowledgement. On the 2nd day the physical event ceremony gave the Taiwan EdTech 50 awards and the Education EdTech hackathon live competition. The new EdTech Proof of Concept experience zone that is jointly opened by Indonesia, the Philippines, and Vietnam was also unveiled.
The other 3 days event was the online webinar which is the 2021 International Reading Education Online Forum; the SDG4 Development in SEA Region, experts from the Southeast Asia Ministers of Education Organization (SEAMEO) and representatives from the Indonesian Ministry of Education and Communications (Pusdatin) were invited to share and explore the use of technology to accelerate the goal of digital equality; and the final day of METAEDU 21 was international investment experts and overseas startup teams and research institutions giving the EdTech Talk to deliver the investment cooperation, the necessary conditions, and the future of the industry, also the trends, transformation, and acceleration of international development cooperation. The webinars have recorded videos available on Youtube channel METAEDU.
METAEDU 21: Smart City Online Increasing overseas awareness of Taiwan EdTech industry
March 23 to 26 2021 saw the physical event of the highly-anticipated Smart City Online Smart City Summit & Expo (SCSE), an all-in-one event for global smart city solutions. Following the physical event, SCSE+ will continue to present Smart City Online in the virtual form as an online event throughout the year.
METAEDU 21 announced that it will be part of the online tradeshow that features IoT solutions and offers marketing opportunities for applications from home and abroad. The multi-functional B2B online portal facilitates businesses, experience sharing, and partnerships by inspiring all participants with a variety of smart solutions and engaging them in professional conferences, matchmaking sessions, and global networks.
With METAEDU 21s EdTech virtual pavilion, companies around the world will have endless opportunities to work with key players in Taiwans EdTech industry and fully understand the ecology of the EdTech industry in Taiwan. Overseas buyers can communicate and negotiate with industry players anytime, anywhere. Please visit the EdTech virtual pavilion here. (https://smartcityonline.org.tw/pavilion.php?vip=METAEDU&fbclid=IwAR3VXwfJQ6ax8xdPwIZ8cz61ftn1jy6AD84Wbu4tjy_9HuhqV39MmZvFnj4)
METAEDU 21: Event Highlights
To learn more about the Taiwan EdTech market, check out these event highlights from METAEDU 21 here. (https://youtu.be/_9osLRCJQ_I)
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Accelerating the growth of education technology for the classroom of tomorrow - Manila Bulletin
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Riverbed Technology nets approval of $1bn debt-cutting plan – Reuters
Posted: at 11:53 am
Signage is seen at the United States Bankruptcy Court for the Southern District of New York in Manhattan, New York City, U.S., August 24, 2020. REUTERS/Andrew Kelly
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(Reuters) - Riverbed Technology, a San Francisco-based information technology company, secured bankruptcy court approval on Friday of its reorganization plan that reduces its debt by $1.1 billion.
U.S. Bankruptcy Judge Craig Goldblatt in Wilmington, Delaware, signed off on the plan just 17 days after the company filed for Chapter 11 protection with $2 billion in debt. Riverbed, represented by Kirkland & Ellis, entered bankruptcy with a prearranged plan backed by its senior lenders and owners, private equity fund Thoma Bravo and the Ontario Teachers Pension Plan.
Riverbed, which offers products and services that assist companies with IT infrastructure like cloud technologies, said its financial troubles stemmed from COVID-19 pandemic-related global supply chain issues and labor shortages as factories closed and stay-at-home orders were instituted. Additionally, the company saw a decline in one of its key markets, the wide area network optimization market, due to a shift to alternative computing technologies.
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Under the plan, holders of $799 million in junior debt, including Apollo Capital Management, will take over the reorganized company for recoveries of 40%. Senior lenders will see full recoveries in the form of new debt and equity. The plan also provides for $100 million in new equity capital.
Unsecured noteholders who initially opposed the plan dropped their objections ahead of Fridays hearing after Riverbed said it would set aside $2.88 million for them, which amounts to recoveries of about 30%.
Prearranged and prepackaged restructuring plans have gained popularity in corporate Chapter 11 debtors of late, allowing the company to save time and money by conducting negotiations and creditor voting before formally filing for bankruptcy protection. Kirkland has been especially active in these fast-track cases, including some like department store retailer Belk and Muzak maker Mood Media that were completed in one day.
The case is In re Riverbed Technology Inc., U.S. Bankruptcy Court, District of Delaware, No. 21-11503.
For Riverbed: Patrick Nash, Chris Koenig and Christine Okike of Kirkland & Ellis, and Laura Davis Jones and Timothy Cairns of Pachulski Stang Ziehl & Jones
For the first and second lien lender group: Thomas Lauria, Fan He, Andrew Zatz and Andrea Amulic of White & Case and Daniel DeFranceschi, Kevin Gross and David Queroli of Richards Layton & Finger
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Maria Chutchian reports on corporate bankruptcies and restructurings. She can be reached at maria.chutchian@thomsonreuters.com.
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Anti-drunk driving technology to be included in all new vehicles – WFSB
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Digital Transformation 2021: 5G Technology and Solutions for IoT, Artificial Intelligence in Big Data Analytics and IoT, Digital Twins Market Sizing…
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DUBLIN--(BUSINESS WIRE)--The "Digital Transformation 2021: 5G, AI, Big Data Analytics, Blockchain, Cloud and Mobile Edge Computing, Connected and Wearable Devices, Cybersecurity, Digital Twins, Identity Management, IoT, Robotics, Smart Cities, Teleoperation and Virtual Reality" report has been added to ResearchAndMarkets.com's offering.
This research evaluates key technologies involved in digital transformation including 5G, AI, Big Data Analytics, Blockchain, Cloud and Mobile Edge Computing, Connected and Wearable Devices, Cybersecurity, Digital Twins and Teleoperation, IoT, Robotics, Smart Cities, and Virtual Reality solutions. These technologies will all be germane to the evolution of many areas important to enterprise and industrial organizations including internal and external processes, products and services, virtualization, OSS/BSS, and more.
This is the most comprehensive research available anywhere that evaluates each of these technologies and assesses their convergence and integration opportunities. The research provides a wide-ranging view into the ecosystem including companies, strategies, and solutions for each technical domain as well as cross-domain implementation and operations. It provides detailed forecasts by application and service, use case, and industry vertical.
The enterprise and industrial sectors are rapidly digitizing their products and services including software-controlled and virtualized infrastructure as well as leveraging next-generation connectivity, signaling, and automated decision-making algorithms. This will have a profound effect on both overall strategic positioning and day-to-day tactical operations. New technologies and tools are being rapidly integrated into production and service systems, which are facilitating the transformation of processes, creating new business opportunities, and enabling an overall smarter workplace for humans and machines alike.
Telecom infrastructure and services providers are also undergoing a massive transformation. For example, the combination of 5G and edge computing will transform wireless carrier operations and facilitate enhanced services, new applications, and completely new business models for mobile network operators. In addition, software-defined control and infrastructure virtualization are poised to transform network and service architecture thanks to improvements in technologies that offer improved performance and lower costs. As the border between cloud computing and network infrastructure continues to blur, so does the demarcation between the network as a whole and those network elements (servers, terminals, etc.) that comprise the network.
Artificial Intelligence (AI) algorithms enhance the ability of big data analytics and IoT platforms to provide value to each of these market segments. The combination of AI and the Internet of Things (IoT) has the potential to dramatically accelerate the benefits of digital transformation for consumer, enterprise, industrial, and government market segments. The author sees the Artificial Intelligence of Things (AIoT) as transformational for both technologies as AI adds value to IoT through machine learning and decision-making and IoT adds value to AI through connectivity and data exchange.
AIoT solutions dramatically accelerate the benefits of digital transformation for consumer, enterprise, industrial, and government market segments. The use of AI for decision-making in IoT and data analytics will be crucial for efficient and effective smart city solutions in terms of decision-making. 5G provides substantial bandwidth were needed as well as significantly lower latency for next-generation applications and services such as virtual reality-controlled teleoperation and other enhanced user interfaces.
The publisher sees smart cities providing significant opportunities for technology integration in support of highly customized, yet scalable services. There will be a positive feedback loop created and sustained by leveraging the interdependent capabilities of AI, IoT, and 5G (AIoT 5G). For example, AI will work in conjunction with IoT to substantially improve smart city supply chains. Metropolitan area supply chains represent complex systems of organizations, people, activities, information, and resources involved in moving a product or service from supplier to customer.
The Industrial IoT (IIoT) market is much more than the sum of its parts, but its parts alone can be daunting, especially considering how emerging technologies such as Artificial Intelligence (AI), robotics, and modified reality are being rapidly integrated into industrial processes. AI alone is anticipated to dramatically reduce costs and improve processes as well as facilitate completely new products and services that improve production, quality, and the producer-supplier relationship.
Some of the Companies Mentioned include:
For more information about this report visit https://www.researchandmarkets.com/r/qhrslh
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