Monthly Archives: February 2022

Written by Sam Kapreilian Feb 28, 2022 | FEDSCOOP

Sam Kapreilian is a principal at Deloitte Consulting LLP and currently serves as the Operate Marketplace Leader for its government and public services (GPS) business. He has more than 25 years experience helping large-scale organizations across the public and private sector transform their business and IT operations.

Its not surprising that the expectations citizens have for digital government are placing some serious demands on federal agencies to modernize and secure their systems. Pick any of your favorite online retailers, and that is the experience constituents expect when they interact with agencies online and through mobile applications.

Today, federal agencies try but many still struggle to respond in the timely and user-friendly way that people expect as the norm. Legacy systems and the technical debt they acquire over time can handcuff organizations from executing new, bolder investment strategies.

In 2009, the federal government spent only two-thirds of its IT budget on maintaining its systems and related processes. By 2019, the number had risen to four-fifths. Only 20% of federal spending at that point went for new software packages; the rest went to keeping legacy systems going. The implication is clear: government is struggling to maintain legacy systems, let alone keep up with the rapid pace of new technology. Additionally, agencies may find themselves constrained by the expertise they have rather than the technology expertise they need.

Managed services (outsourcing) contracts represent a sizeable portion of any agencys budget, however many of these contracts were typically written 3-10 years ago and, as a result, they fall short on todays needs for innovation, modernization, high-end skills and customer-centricity. Agencies must resist the temptation to reissue their existing contracts with only minor tweaks and, instead, think boldly and thoughtfully to incorporate the needs and expectations of customers and legislative bodies.

This is easier said than done, as most organizations have difficulty in first unifying their vision of the future and second aligning that vision with the operating and financial realities of today. This, combined with short-staffed procurement teams and difficult-to-pin-down subject matter experts, results in many agencies sticking with the status quo.

Keeping pace with IT skills needs

The traditional approach to managed services contracts has often sought to fill empty seats or augment agency IT staffs at a lower price. In other cases, agencies seek to outsource with hopes to modernize and innovate, but all too often they fall short. Agencies can shortchange themselves if they focus on like-for-like staffing needs of today, instead of laying out a more holistic view of their modernization goals and their future needs with clear metrics and milestones, and the IT expertise they will need to get there.

The war for talent is on. Top tech and commercial firms are vying for the same scarce skills that government so desperately needs. One challenge we hear often from Deloittes federal clients stems from the complicated hiring and recruiting processes they must follow, and compensation models that dont always align with marketplace realities. Thus, it becomes difficult to fill critical talent gaps in todays hyper-competitive job market.

As agencies look to modernize, they must also think about operating differently. For example, under the vision of the FDA deputy CFO, Sahra Torres-Rivera, the FDA wanted to adopt robotic process automation (RPA) and other intelligent automation to improve efficiency, effectiveness, and customer service. Deloitte supported the FDA in creating automations that provided insights on actions needed to pay invoices; increased compliance and reporting of interagency, travel approval and spend; and increased awareness of FDAs user fees policies and procedures.

The automations that Deloitte developed for the FDA Office of Finance are saving over 12,000 hours of manual labor annually, freeing up already resource-strained employees to work on higher-value activities and allowing employees to develop quicker insights when validating and analyzing results. The agency also still requires people to work with the automations, providing training and processes to assist.

Organizations often underestimate the importance of creating new team structures and developing new metrics and reporting. Many commercial organizations are investing heavily in new automations and tools and the team structures and metrics to support them. Many government organizations need to catch up.

That, in part, is what prompted Deloitte GPS to develop its Operate organization, which approaches managed and outsourced services through the lens of mission outcomes via modernized systems and processes. We work with our clients to help them achieve their innovation goals and to help them become digital enterprises; all while maintaining the expectations of their constituents. We are especially mindful of the pace and readiness of many agencies to change, as well as the financial/budgetary realities they face. We bring all this together to help government agencies become digital enterprises, aspiring to mirror their commercial counterparts. We understand how to keep business operations stable as we help agencies infuse a variety of technologies including cloud, machine learning, artificial intelligence and cybersecurity to better serve their customers.

Taking a more holistic approach

The pressure is mounting to modernize business and IT operations and meet customer service expectations in line with standards set by commercial enterprises. Government agencies legacy systems and processes werent designed with the agility to handle increased network traffic and surges in customer demand especially at the levels witnessed during the pandemic nor do they provide the user experience constituents have come to expect in the year 2021.

Deloitte starts with a deep understanding of an agencys mission and objectives to help it think about newer, more advanced approaches in the way it operates. Agencies need to rely on a trusted adviser to help navigate the multitude of technology options today, while determining the appropriate pace and phasing to keep the mission on track while transforming. In doing so, they increase the likelihood of positive outcomes, including lower overall operating costs, and improved customer satisfaction. Taking this broad view translates into providing agencies faster access to next generation capabilities.

A broad view is critical; however, a tactical execution plan is equally important. Agencies should prioritize and focus on:

Writing modern RFPs and contracts to meet current needs and expectations

When Deloittes GPS Operate leaders talk with our clients about how they write contract renewals and requests for proposals, they stress the importance of shifting focus from filling chairs with bodies to driving lower costs and increasing innovation. This is accomplished through modernizing their systems and processes to meet the expectations of todays customers, service members, and constituents. Many of the leading practices we see include:

Ultimately, it is important that agency leaders think differently about how they work with a managed services provider so that they can access the most modern solutions, tap into the latest innovations, acquire critical talent, and begin to lower their overall IT operations costs. All of this should be under the specter of an unrepenting focus on mission and customer satisfaction.

Learn more about how Deloittes GPS Operate can help your organization innovate with pace and purpose to advance your mission impact.

Link:

Escape the technology debt trap by infusing innovation into managed services contracts - FedScoop

For a second year, John Deere has released a sustainability report to highlight its milestones so far and state its goals for the future.

Deere CEO John May explains the company has launched its approach called Leap Ambitions to align business goals and sustainability goals. This is after the company reorganized with its Smart Industrial strategy which brought its business sectors closer to its customers.

Quite frankly, introducing this amount of change during such a dynamic period, it felt risky at times. But I've come through it convinced more today than ever it was absolutely necessary to position our company, for the opportunity ahead of us, and energize our team to achieve new levels of performance, May said during the companys quarterly results call in February 2022.

The strategy is propelling the business to reach the sweet spot when sustainability, productivity, and profitability overlap for its business and the business of its customers.

For its production ag and precision ag business, John Deere is targeting measurable gains in how it can use technology to reach those sustainability goals.

Than Hartsock, Director, Corn & Soybean Production Systems at John Deere, says, As we continue to bring technology based solutions to producers what's exciting about our part of the industryproduction agriculture and precision agricultureis there such strong alignment between the profitability of a farm and the sustainability of that farm as well. Theres overlap for the intersection of it's good for the farm, it's good for the good for the environment, and ultimately it's more profitable for the farmer at the end of the day.

Hartsock outlines three ways John Deere thinks of sustainability in relation to its products:

In one year, the company increased the connected machines in its network by 100,000. And it upped engaged acres by 80 million.

By 2026, the company wants to add another 185 million engaged acres.

To bring more effective technology to customers faster, in the past two years John Deere aligned its technology under one central Chief Technology Officer.

John Deere says it will make investments in four technologies to strengthen its capabilities in:

Tangible technologies include the full autonomous 8R and chisel plow pairing introduced in January 2022, and the forthcoming See & Spray Ultimate, which will provide in-season precision herbicide applications reducing the amount applied by more than two-thirds and saving more than $30 per acre and more than 2,300 gallons of contact herbicides per year. Also, at the beginning of 2022, John Deere announced its investment to become the majority owner of Krisel Electrican Austrian battery company focused on high-density, rechargeable power units.

John Deere will work to introduce new technologies as well as innovations that can be enabled on its existing equipment. Hartsock gives examples of machines being outfitted from the factory for technologies as well as performance upgrade packages such as are currently available for planters and sprayers.For dramatic adoption of precision ag solutions, it starts with value for the customer. And if that's not there, that we don't invest in it, and we don't have a product to sell, he says.

With more embedded technologies delivering value to customers, John Deere is starting to shifts its business model stating the goal of having 10% of revenues by 2030 be recurring revenueor subscription based. Company officials say this aligns its business with the value customers realize in use of the equipment. And they give autonomy as an example.

We've been working on autonomy for the last few years and always knew always knew it would offer significant customer value, May said. The response we got from our dealers and our customers was even greater than we imagined. The need for autonomy is here today. The demand for the solution is real.

When I look ahead. I see a long and exciting runway of opportunity, Hartsock says. In the last year and a half we've made a double down commitment on the opportunity to bring technology and digital solutions integrated with the machines and the implements that do the work every pass across the field.

He says we are on the cusp of managing every crop at the plant level and layering that with every pass every crop production cycle, the opportunity is growing, but time is imminent.

Every season that we miss, in having the next generation See & Spray solution or the next generation automation or even the acres still today that maybe don't get the full benefit from section control or Exact Emerge, I would get these technologies to the acres as quickly as I possibly could, he says.

Hartsock says farmers can expect to see four things from John Deere in the next year and beyond.

We will continue to work to ultimately create solutions for farmers that make outcomes previously not possible, he says. With the problems we are trying to solve and the digital connectivity we are looking to provide, we are confident how valuable they can be to farmers on nearly every acre that gets farmed.

Read more from the original source:

John Deere Paves Its Sustainability Journey With Technology - Agweb Powered by Farm Journal

Role of Technology in Swimming: The Good and Bad

By Josie Wise, Swimming World Intern

Touchpads, meet management software, heart rate monitoring, underwater cameras all are technological advancements that have been brought to swimming. As with anything in the world, swimming has not remained a stagnant sport in terms of how it operates. It seems like every year, theres a new piece of equipment to be bought or a new gadget to install in your pool area. Some, if not most, of these advancements have made huge impacts on the sport. We tend to go through life without noticing them, but what if we stopped to consider the role technology plays in swimming?

There are volunteers behind the blocks at almost every swim meet with two backup stopwatches ready to go in case the touchpads are faulty. A common game that these timers like to play to pass the time at long meets is seeing which watch can get closest to the touchpads time. What the timers are doing in these cases is exemplifying the main purpose of touchpads: the elimination of human error.

Touchpads were a revolutionary addition to swimming. Its very difficult to imagine what swimming would be like without them. Timing would be a nightmare, with constant disputes over biased timers or incorrect numbers. Records wouldnt be measured to the hundredth of a second, at least not with complete accuracy. Olympic medals would be constant controversies. Look at the famous race between Michael Phelps and Milorad Cavic in the 100 butterfly at the 2008 Olympics. Chaos would have ensued if that finish had been determined by the average of a few stopwatches.

In races, a swimmer has nothing but their training to boost them through the water. However, in practice, its a different story. Equipment like paddles, fins, snorkels, kickboards, and pull buoys are the big five, the originals, the backbone of training equipment. As we learn more about the science behind swimming, new equipment gets added to that list. Tempo trainers, parachutes, resistance bands, and power racks are examples of slightly more uncommon items that assist swimmers in training.

Even though these arent all exciting electronic advancements, this equipment comes from new research and information on how to make us go faster and falls into the category of technology. At one point, goggles were a technology that swimmers didnt even use in competitive swimming until the 1970s.

On the other side of the technology world, we have advancements that dont turn out to be a good thing. One instance of this could be performance-enhancing drugs. Forms of doping have been around since as early as the times of the Ancient Greeks. As science progressed, so did the information on how to artificially enhance sports performance, which led to an unfortunate rise in usage.

Another troublesome technology upgrade came in the form of the super-suit, also nicknamed technological doping. These competition suits were designed in collaboration with NASA and led to a staggering amount of world records being broken in 2009 and 2010. Because these records had a direct correlation to the suits, regulations had to be established, and these suits were ultimately banned.

Most of the time, we can positively impact our swimming performance and experience with technology. However, there are cases where we take it a little too far. In these cases, we need to monitor what is allowed and draw the line when unjust advantages are at stake.

All commentaries are the opinion of the author and do not necessarily reflect the views of Swimming World Magazine nor its staff.

Related

See original here:

Role of Technology in Swimming: The Good and Bad - Swimming World Magazine

Austin Wilson, Velodyne Lidars Director of Intelligent Infrastructure, explains how lidar (light detection and ranging) technology is evolving to improve mobility safety.

How do you think the mobility ecosystem has changed over the past five years?

We have seen smarter technology being deployed across the mobility ecosystem. Vehicles are increasingly being equipped with sensors, including lidar, that improve navigation and safety. Infrastructure is becoming more intelligent, helping to improve traffic flow efficiency, advance sustainability and protect vulnerable road users. Communication between vehicles and infrastructure is also expanding. For instance, Velodyne Lidars Intelligent Infrastructure Solution uses lidar to extract trajectory road user data around intersections to predict potential collisions, which can be used to warn connected vehicles via Vehicle to Everything (V2X) communications. Vehicle manufacturers can leverage the solutions analytics in combination with their on-board safety systems to reduce accident probability.

What kinds of partnerships do you think work best for cities looking to incorporate new transit technologies?

Collaboration is the key to a successful partnership. Companies, local governments and universities are teaming up to improve traffic and energy efficiency, road safety and air quality. For example, Velodyne is collaborating with Rutgers Center for Advanced Infrastructure and Transportation (CAIT) to deploy our Intelligent Infrastructure Solution. CAIT will install Velodynes lidar sensors at multiple intersections in New Brunswick, New Jersey. The project will serve as a testbed for mobility data-gathering, analysis and sharing technologies that will help implement connected and autonomous vehicle systems in the future.

What areas can cities improve on when it comes to road safety and how?

There is a pressing need for smart city systems that can help improve road safety and prevent traffic accidents. 2020 was the deadliest year for US traffic crashes in over a decade, with a seven percent increase in traffic fatalities over the previous year, according to the National Highway Traffic Safety Administration. This is driving cities to invest in new technologies for traffic monitoring. For instance, the city of Austin, Texas is deploying Velodyne Lidars Intelligent Infrastructure Solution to help achieve its Vision Zero goal to eliminate traffic deaths and serious injuries on Austin streets.

Weve seen the Biden Administration say it is committed to investing heavily in transport infrastructure. How confident are you that the right areas will be targeted?

There is a major need to repair roads, bridges, sidewalks and more in the United States. We are optimistic that governments will use the new infrastructure bill for technological improvements that will advance the safety of road users. There is no better time to begin integrating new technologies for smart city development, including lidar solutions. The data from lidar technology provides critical information about vehicles, pedestrians and cyclists in all types of weather and environmental conditions. This can advance path planning and safety and sustainability efforts, including the reduction of congestion and fossil fuels.

How will lidar play a role in next-generation smart infrastructure development?

Lidar is game-changing technology in smart infrastructure solutions. It creates a real-time 3D map of roads and intersections, providing precise traffic monitoring and analytics. These capabilities are not possible with other types of sensors like cameras or radar. Lidar reliably collects data in any lighting or weather condition, supporting 24/7, 365-days-a-year operation. Also, lidar sensors do not identify individuals facial characteristics, a growing concern for civic applications. Lidar has an advantage in privacy over camera-only systems because lidar does not record details like hair and skin colour.

Whats next for Velodyne Lidar?

We will continue to transform infrastructure to make communities smarter and safer. Our Intelligent Infrastructure Solution has been deployed in multiple cities in North America, Europe and Asia, with more deployments expected worldwide. We are seeing how lidar technology can have an impact on the cost and effort it takes to collect traffic data. Also, the solutions AI capability is increasing the amount of data collected and improving the analysis of that data. Looking ahead, we will tap the experiences of municipalities that have adopted the Intelligent Infrastructure Solution to help new customers apply their best practices for deployment and management.

Brought to you by:

See original here:

Shaping the future of mobility safety and technology - Cities Today

Virginia Beach PD previously used the technology

by: Julie Millet

VIRGINIA BEACH, Va. (WAVY) A Bluetooth police technology that streamlines officer body camera activation could soon be coming to several police departments across Hampton Roads, but its already been dropped by one department due to safety issues.

The technology, called Signal Sidearm, automatically activates a police officers body camera any time they pull their gun from its holster.

Currently, Suffolk Police Department uses Signal Sidearm. They denied WAVY-TVs request for an interview about how it works. At least three other departments in Hampton Roads are considering using the technology.

The Virginia Beach Police Department previously used Signal Sidearm, but dropped the technology due to safety issues.

So, we went to the Charlotte-Mecklenberg Police Department for answers about Signal Sidearm. Theyve been using the technology for about a year and a half. For officers in Charlotte, their body camera turns on not just when the officer pulls their gun, but also when they pull their taser or turn on their blue emergency lights on their car.

In a life or death situation, they dont have to think about [turning their camera on], said Capt. Mike Harris.

Theres a lot that goes through our mind when we respond to a call. Theres 15 or 20 different options that could take place good or bad, said Harris.

When Donovon Lynch was shot and killed by a Virginia Beach Police Officer but no body camera footage was available from that officer, it was made public that the Signal Sidearm devices couldnt properly fit with the departments existing holsters. The department then worked to get holsters that could accommodate the Signal Sidearm technology.

However, Safariland model holsters and their accompanying Signal technology were pulled several months later after an officers weapon fired during a struggle with a homicide suspect at a local hospital. At that time, the police chief said a potential defect with the holster presented the safety issue.

We reached out to Virginia Beach police for an update on whether they will revisit the Signal Sidearm technology. Our questions were not answered before this report was published.

Meanwhile, in Charlotte, Harris tells us Signal Sidearm goes a long way to creating accountability within his department.

Were in a time where we want to be as transparent as possible, said Harris.

It gives us the opportunity to have that interaction on a daily basis with the people we come in contact with, said Harris.

The technology initially cost the department about $200,000. It is now part of a larger contract and paid for with city funds.

Harris says the technology is invaluable if it helps his officers stay safe.

We have stress, we have things to think about, sometimes when that critical call becomes extremely dangerous, we have to laser focus to make sure we go home to our families safely, he said.

Download the WAVY News App to keep up with the latest news, weather and sports from WAVY-TV 10. Available in both the Apple and Google Play stores.

Read the original:

Signal Sidearm bodycam technology could be used across Hampton Roads heres how it works - WAVY.com

CHICAGO, Illinois This year, the Siebel Institute of Technology will be celebrating 150 years in brewing education with a series of events throughout 2022, including a special Alumni happy hour at the Craft Brewers Conference, sharing history on its Facebook and LinkedIn, and a special anniversary beer collaboration.

In 2022, we are commemorating the influence the Siebel Institute of Technology has had on brewing research and education, says John Hannafan, Vice President and Director of Education of the Siebel Institute. We will be reflecting on our history and looking ahead to new opportunities and challenges.

The Siebel Institute of Technology was founded to provide research on improving beer quality and stability. This was needed to support the growth and expansion many breweries in North America were experiencing during the late 19th century, with the development of mechanical refrigeration and improvements in distribution brought by rail transportation.

Key moments in the history of the Siebel Institute of Technology include:

Just as Dr. J. E. Siebel envisioned when he created the Siebel Institute of Technology 150 years ago, todays Siebel Institute strives to stay on top of the science, trends, changes, and challenges within the brewing industry, and always with an eye towards meeting the needs of the brewing industry, Hannafan says. We hope our alumni and friends will join us in recognizing our shared history and move with us into the future, ready for the next 150 years of educating the brewers of tomorrow.

Check the Siebel Institute of Technologys Facebook page for more information about anniversary events.

About the Siebel Institute of Technology

The Siebel Institute of Technology has been dedicated to the enduring pursuit of brewing excellence since 1872. We offer education in the form of programs, courses, and individual lectures to facilitate brewing knowledge and advance brewing careers. These offerings include our World Brewing Academy (WBA) dual-continent advanced campus programs, e-learning offerings, and flexible options for all knowledge levels. Our alumni span more than 60 countries around the globe and are found in breweries large and small.

For More Information:https://www.siebelinstitute.com/?utm_source=brewbound&utm_medium=forum&utm_campaign=150anni&utm_id=150yearPR

Read more:

Siebel Institute of Technology Celebrates 150 Years of Brewing Education - Brewbound.com

Fact.MR's latest report on the blockchain technology market offers a 10-year forecast through 2022 & beyond. The report explicates vital dynamics, such as drivers, restraints, and emerging opportunities shaping the market dynamics. To present the information in a more vivid manner, the report has been segmented in terms of product type, by component, by application, by enterprise size, by end-use, and region.

NEW YORK, Feb. 28, 2022 /PRNewswire/ -- The global blockchain technology marketto grow at a CAGR of 84% during the forecast period 2022-2032 and estimated the market valuation at US$ 7.36 billion in the assessment period 2022.

Governments across the globe are integrating cloud technology with conventional systems. As public clouds provide cost-competitiveness to businesses, they are highly sought after in the market.Growing innovation and consumer awareness concerning the benefits of using blockchain technology will catalyze the growth of the market in the near future.

Various events are expected to use contactless digital ticketing through the use of blockchain technology in order to increase revenue. Cryptocurrency's expansion across the globe is also expected to drive market growth in the coming years.Blockchain-based cryptocurrencies can avoid the need for central authority by operating across a network of computers. In addition to reducing risk, this also eliminates many of the transaction and processing fees.

For Critical Insights on This Market, Request for More Info

https://www.factmr.com/connectus/sample?flag=S&rep_id=7100

Customer experiences are being progressively enhanced by blockchain technology. Customer loyalty is expected to increase for retail and e-commerce businesses that offer a positive customer experience.

The implementation of blockchain technology improves the efficiency of payments systems, minimizes operating costs and enables transparency on the payment network. The benefits offered by this technology are leading to an increase in its use in payment solutions.

Regulations focusing on protecting consumer data increase the adoption of blockchain technology in the healthcare sector.

Report Attributes

Details

Base Year Value (2021A)

USD 6.9 Billion

Estimated Year Value (2022E)

USD 7.36 Billion

Projected Year Value (2032F)

USD 3,273.83 Billion

Global Growth Rate (2022-2032)

CAGR 84%

Key Takeaways:

Growth Drivers:

Key Restraints:

To Gain In-Depth Insights on Blockchain Technology Market, Request Methodology at

https://www.factmr.com/connectus/sample?flag=RM&rep_id=7100

Competitive Landscape:

The various leading players in the blockchain technology market are focusing on offering various marketing strategies are adopted by key players such as mergers and acquisitions, expansions, collaborations, and partnerships.

Key Companies Profiled by Fact.MR

More valuable Insights on Blockchain Technology Market

Fact.MR, in its report, offers a market analysis of the global blockchain technology market analyzing the forecast period through 2022 and beyond. This survey reveals the growth of technology in the blockchain technology market with detailed segmentation as follows: -

To Remain 'Ahead' of Your Competitors, Buy the Report Now!

https://www.factmr.com/checkout/7100

Key Questions covered in the Blockchain Technology Market Report

Explore Fact.MR's Coverage on the Technology Domain

IoT Microcontroller Market Growth- According to Fact.MR, the increasing number of IoT connections among consumer and enterprise sectors and the need for low-power, high-performance, and energy-efficient connected products are some primary factors to drive the market growth.

Digital Transaction Management Industry Analysis- The market for digital transaction management is expected to rise significantly. The global need for online transactions without a breach is influencing the expansion of the digital transaction management market.

Digital Remittance Market Forecast- The growing use of mobile-based payment channels and the influx of cross-border transactions are expected to drive market growth.The lengthy process of money transfer involved endless mediators, hidden charges, and paperwork. As a result, customers and businesses have taken advantage of digital money transfer services which are more affordable, faster, and offer more value than traditional money transfer services.

Cloud Computing Industry Scope- The increased need for flexibility and scalability, the reduction of related risks, and the reduction of infrastructure complexity all contribute to the growth of the cloud computing industry. Businesses are embracing cloud computing for things like improved collaboration, lower operating costs, and better flexibility.

About Fact.MR

Market research and consulting agency with a difference! That's why 80% of Fortune 1,000 companies trust us for making their most critical decisions. We have offices in US and Dublin, whereas our global headquarter is in Dubai. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have in our expertise. Spanning a wide range from automotive & industry 4.0 to healthcare & chemical and materials, our coverage is expansive, but we ensure even the most niche categories are analysed. Reach out to us with your goals, and we'll be an able research partner.

Access MarketNgage: The On Demand, Subscription based platform from Future Market Insights

http://www.marketngage.com

Now avail flexible Market Research Subscription through MarketNgage, the Market Research Subscription Platform from Future Market Insights and other iconic market research powerhouses. Go beyond just reports and access research multi-format through downloadable executive summaries, chapters, databooks, infographics, charts, interactive playbook for data visualization and full reports across all major industries, 200+ sub sectors and 1200+ niche markets, throughMarketNgage.

Sign Upfor a 7 day free trial!

Contact:

Mahendra SinghUS Sales Office11140 Rockville PikeSuite 400Rockville, MD 20852United StatesTel: +1 (628) 251-1583E: [emailprotected]

SOURCE Fact.MR

Continue reading here:

Growing Investments to Support Blockchain Technology Market Growth, reaching US$ 3.2 Trillion - Fact.MR Report - PRNewswire

RA'ANANA, Israel, Feb. 28, 2022 /PRNewswire/ -- Inspira Technologies OXY B.H.N. Ltd.(Nasdaq: IINN, IINNW) (the "Company" or "Inspira Technologies"), a groundbreaking respiratory support technology company, announced today that it has been awarded the 2021 Europe Technology Innovation Leadership Award in the artificial respiratory market by Frost & Sullivan, a global research consulting firm with extensive experience in growth opportunities. The award recognizes Inspira Technologies for its innovative and minimally invasive ART system that is designed to minimize the need for invasive mechanical ventilation.

"Frost & Sullivan finds that Inspira Technologies' ART demonstrates the company's excellence in innovation," stated Samantha Fisher, Best Practices Research Analyst at Frost & Sullivan. "The device has the potential to overcome the limitations of its predecessors to deliver a less-invasive respiratory support system, aligning with the company's mission."

As a result of its unique features, ART may potentially minimize the need for invasive mechanical ventilation with its associated damages to a patient's lung and overall survival.

Samantha Fisher commented that "Frost & Sullivan applauds Inspira Technologies for the potential of ART system's plug-and-play simplicity, which eliminates the need for specialists to administer the system and also potentially circumvents the Cath room requirements. Thus, Inspira Technologies might potentially overcome the complicated setup associated with extracorporeal membrane oxygenation (ECMO) and other systems, resulting in an efficient and effective procedure that safeguards a patient's health."

Chief Executive Officer Dagi Ben-Noon at Inspira Technologies stated that "It is a great honor to receive this award from Frost & Sullivan, one of the world's leading market research firms operating in the healthcare industry. We remain focused on our mission and strive to reach our goals and plans as soon as possible."

About Inspira Technologies OXY B.H.N. Ltd.

Inspira Technologies is an innovative medical device company in the respiratory care industry. Inspira is developing the ART system, a cost effective early extracorporeal respiratory support system with an intent to function as an "Artificial Lung" for deteriorating respiratory patients. The ART is designed to utilize a hemo-protective flow approach aimed at rebalancing oxygen saturation levels while patients are awake and breathing, potentially minimizing the patient's need for mechanical ventilation. The Company's product has not yet been tested or used in humans and has not been approved by the U.S. Food and Drug Administration (FDA) or the CE or other required regulatory agencies.

For more information, please visit our corporate website:https://inspira-technologies.com/investor-relations/

About Frost & Sullivan

Frost & Sullivan is a research and consulting firm that helps clients accelerate growth with a continuous and rigorous platform of growth opportunities, ensuring long-term success. Frost & Sullivan has over 60 years of experience in coaching organizations of all types and sizes across 6 continents with proven best practices.

For more information, please visit Frost & Sullivan's corporate website athttps://www.frost.com/.

Forward-Looking Statement Disclaimer

This press release contains express or implied forward-looking statements pursuant to U.S. Federal securities laws. For example, the Company is using forward-looking statements when it is discussing its mission and potential benefits of its ART system. These forward-looking statements and their implications are based on the current expectations of the management of the Company only and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Except as otherwise required by law, the Company undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. More detailed information about the risks and uncertainties affecting the Company is contained under the heading "Risk Factors" in the Company's Registration Statement on Form F-1 filed with the SEC, as well as its subsequent public filings, which are available on the SEC's website, http://www.sec.gov.

For more details:Miri Segal, Investor Relations, MS-IR LLC, +917-607-8654, [emailprotected]

SOURCE Inspira Technologies

Continued here:

Inspira Technologies Is Awarded the 2021 Frost & Sullivan Technology Innovation Leadership Award - PRNewswire

BASINGSTOKE, England--(BUSINESS WIRE)--A new Juniper Research study found that global payment card shipment revenue for technology companies will reach $11.7 billion in 2026, from $9.7 billion in 2022. This 20% increase reflects new innovations emerging in the payment cards space while the contactless cards roll-out is reaching its latter stages.

The new research, Payment Card Technologies: Segment Analysis, Vendor Strategies & Market Forecasts 2022-2026, predicted the introduction of biometric cards, metal cards and dynamic CVV (Card Verification Value) cards as being majorly disruptive trends over the next 5 years. These new card types all have the same aim to make cards fit for the new, digital-first payments ecosystem. The research found that these new card types will help evolve the payment experience for the digital age, increasing security and useability; making card usage more appealing in the face of increasing mobile-first payment innovations.

For more insights, download the free whitepaper: Premium, Tap & Scan ~ The Future of Payment Cards.

Metal Cards Driving Revenue

The research found that metal cards will account for over $4.4 billion in hardware revenue for technology providers globally in 2026, from $1.2 billion in 2022. The research identified the premium appearance of metal cards as highly appealing as a differentiator; driving their future growth.

Research co-author Damla Sat explained: Banks and card issuers need to differentiate themselves in order to retain relevance in the digital payments era adding value to their services by using new card types can add significant value and reduce churn with existing relationships.

Biometric Cards Have Strong Potential

The research also found that use of biometric cards, which feature embedded fingerprint sensors, will grow significantly, with shipments expected to increase by almost 850% over the next 5 years to 173 million in 2026 globally. Biometric cards will enable card payments to better compete with mobile payments, including Apple Pay and Google Pay, eventually allowing payment cards to have no transaction limits. The report recognised this development as critical in removing the barriers to growth for contactless payments.

Payment Card Technologies report: https://www.juniperresearch.com/researchstore/fintech-payments/payment-card-technologies-market-research-report

Whitepaper download: https://www.juniperresearch.com/whitepapers/premium-tap-scan-the-future-of-payment-cards

Juniper Research provides research and analytical services to the global hi-tech communications sector, providing consultancy, analyst reports and industry commentary.

Go here to see the original:

Juniper Research: Payment Card Technology Revenue to Exceed $11.7 Billion Globally in 2026, with Metal & Biometric Cards Driving Change - Business...

WindFree Technology Is the Focus of Samsung | 2022-02-28 | ACHR News This website requires certain cookies to work and uses other cookies to help you have the best experience. By visiting this website, certain cookies have already been set, which you may delete and block. By closing this message or continuing to use our site, you agree to the use of cookies. Visit our updated privacy and cookie policy to learn more. This Website Uses CookiesBy closing this message or continuing to use our site, you agree to our cookie policy. Learn MoreThis website requires certain cookies to work and uses other cookies to help you have the best experience. By visiting this website, certain cookies have already been set, which you may delete and block. By closing this message or continuing to use our site, you agree to the use of cookies. Visit our updated privacy and cookie policy to learn more.

See the original post:

WindFree Technology Is the Focus of Samsung - ACHR NEWS