Category Archives: Technology

HOWELL, N.J., Feb. 18, 2021 /PRNewswire/ -- Greenland Technologies Holding Corporation (NASDAQ: GTEC) ("Greenland"), a technology developer and manufacturer of electric industrial vehicles and drivetrain systems for material handling machineries and vehicles, and Fujian South China Heavy Machinery Manufacture Co. Ltd. ("SOCMA", http://www.socmachinery.com), a leading company specialized in designing, manufacturing and distributing heavy industrial machinery and vehicles, today announced a co-operation agreement to utilize SOCMA's existing supply-chain and certain technologies to support Greenland's production of electric industrial vehicles in the United States. The agreement also represents a commitment by Greenland to invest in the U.S. as a key center of innovation in the global electric vehicle market.

Under the agreement, both parties intend to establish a strategic partnership to fully cooperate on technology sharing and supply chain management for the production of electric industrial vehicles in the U.S. SOCMA has agreed to provide and supply to GTEC the materials, parts and components, and related supply chain required for the development and manufacture of electric industrial vehicles in the U.S. SOCMA agrees that GTEC shall use the relevant SOCMA technologies and patents involved in GTEC's procurement of engineering vehicle parts and materials from SOCMA free of charge GTEC will capitalize on its global business development and technology development capabilities to accelerate the launch of its electric industrial vehicles globally with support from SOCMA.

Raymond Wang, CEO of Greenland, commented, "We are excited to partner with SOCMA, a proven leader in the manufacture of heavy machinery, and see this as a positive development, which will ensure the utilization of SOCMA's existing supply-chain for GTEC's U.S. production of its electric industrial vehicles. This cooperation agreement was designed to leverage both companies' expertise, best practices and vast proprietary knowledge for our mutual benefit, and enhancement of our respective competitive positions."

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"For GTEC, this cooperation will accelerate our electric industrial vehicle production in the United States. We believe the competitive advantage we will gain by now having access to SOCMA's supply chain, technologies and patents is invaluable. Today's announcement is a first but very important step. We look forward to sharing additional details as we progress, with initial production of our own electric, GTEC's first industrial vehicle, integrating our own components, targeted between 3Q 2021 and 4Q 2021. We plan to focus on the 1.8 ton electric load vehicle segment, given the addressable market size and favorable competitive environment. We believe this will significantly expand GTEC's long-term growth prospects and ability to build shareholder value."

About Greenland Technologies Holding Corporation

Greenland Technologies Holding Corporation (NASDAQ: GTEC) is a developer and a manufacturer of drivetrain systems for material handling machineries and electric vehicles, as well as electric industrial vehicles. For more information visit http://www.gtec-tech.com.

Forward-Looking Statements

This press release contains statements that may constitute "forward-looking statements." Such statements reflect Greenland's current views with respect to future events and are subject to such risks and uncertainties, many of which are beyond the control of Greenland, including those set forth in the Risk Factors section of Greenland's Annual Report on Form 10-K and Definitive Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission ("SEC"). Copies are available on the SEC's website, http://www.sec.gov. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believes," "predicts," "potential," "continue," and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, Greenland's expectations with respect to future performance. In addition, there is uncertainty about the further spread of the COVID-19 virus or the occurrence of another wave of cases and the impact it may have on the Company's operations, the demand for the Company's products, global supply chains and economic activity in general. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated or expected. Statements contained in this news release regarding past trends or activities should not be taken as a representation that such trends or activities will continue in the future. Greenland does not intend and does not assume any obligation to update these forward-looking statements, other than as required by law.

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SOURCE Greenland Technologies Holding Corporation

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SOCMA and Greenland Technologies Sign Co-Operation Agreement to Support U.S. Production of Electric Industrial Vehicles - Yahoo Finance

The Coast Guards Office of Operating and Environmental Standards has published a revised 2021 Shipboard Technology Evaluation Program (STEP) Application Package. This application facilitates the process for both prototype Ballast Water Management Systems (BWMS) and BWMS undergoing U.S. Type Approval testing under the oversight of an Independent Laboratory (IL). The application and instructions for submitting are available on the Office of Operating and Environmental Standardswebpage.

The STEP application incorporates fully validated experimental design parameters developed through the U.S. Environmental Protection Agencys Environmental Technology Verification (ETV) process, as well as ETV harmonized shipboard testing requirements. Navigation and Vessel Inspection Circular 01-04 (NVIC 01-04) establishes the process and gives additional information for vessel owners to apply to STEP.

The revised format is intended to assist applicants to prepare and submit all necessary information in a clear and consistent manner, thus facilitating the review process. Potential applicants should familiarize themselves with the guidance before completing the application. There is NO CHARGE for applying to or being enrolled in STEP.

If you have questions, please contact the Chief of the Environmental Standards Division at[emailprotected]

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Shipboard Technology Evaluation Program: Revised Application for Ballast Water Management Systems Homeland Security Today - HSToday

BEDFORD, Mass.--(BUSINESS WIRE)--Aspen Technology, Inc. (NASDAQ:AZPN), a global leader in asset optimization software, today announced that Antonio Pietri, President and Chief Executive Officer, and Karl Johnsen, Chief Financial Officer, will present at the KeyBanc Emerging Technology Virtual Summit. The presentation is scheduled for Wednesday, February 24, 2021 at 10:55 a.m. ET.

The presentation will be webcast live and available for a limited time on the Investor Relations section of the companys website at http://ir.aspentech.com/.

About AspenTech

Aspen Technology (AspenTech) is a global leader in asset optimization software. Its solutions address complex, industrial environments where it is critical to optimize the asset design, operation and maintenance lifecycle. AspenTech uniquely combines decades of process modelling expertise with artificial intelligence. Its purpose-built software platform automates knowledge work and builds sustainable competitive advantage by delivering high returns over the entire asset lifecycle. As a result, companies in capital-intensive industries can maximize uptime and push the limits of performance, running their assets safer, greener, longer and faster. Visit AspenTech.com to find out more.

2021 Aspen Technology, Inc. AspenTech and the Aspen leaf logo are trademarks of Aspen Technology, Inc.

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Aspen Technology to Present at the KeyBanc Emerging Technology Summit - Business Wire

Battelle, the worlds largest independent private R&D organization, announced today that it is in discussions to provide Cascade Environmental with a patented process (International Patent US10,907,143 B2) for the use of encapsulated enzymes to remediate recalcitrant pollutants.

Cascade Environmental, a leading provider of environmental and infrastructure drilling, site characterization and environmental remediation applications, is exploring use of Battelles technology at its sites.

Battelles optimized encapsulation process yields a unique formulation of proprietary mixture of fungal-derived, oxidoreducing, time-released enzymes for rapid degradation of recalcitrant contaminants. The structure and composition of encapsulated enzyme beads are highly effective for remediation of petroleum hydrocarbons (TPHs), polychlorinated biphenyls (PCBs), and polycyclic aromatic hydrocarbons (PAHs).

When compared to invasive technologies such as excavation, in situ or ex situ application of encapsulated enzymes to soil, groundwater and sediment has multiple benefits. The encapsulated enzyme formulation, currently demonstrating two-year shelf stability, has a broad spectrum of treatment and provides a controlled release of enzymes to the contaminated matrix eliminating multiple application events. This technology requires minimum effort at application, generates no waste and promotes complete degradation of pollutants via enrichment of naturally abundant microorganisms as the contaminant becomes more bioavailable after enzymatic treatment.

"Were pleased to begin working with Cascade in this promising technology collaboration that will have broad industry impact," said Dan Longbrake, Commercial Business Director for PFAS and Environmental Restoration. "We expect to be able to release more information as we finalize details."

Co-inventors of the process are Battelle researchers Kate Kucharzyk, Tony Duong and former Battelle researcher Ram Lalgudi.

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"Adding a slow-release enzymatic chemistry solution to the new Cascade Chemistries line of products deepens our capabilities to support our clients at their challenging TPH, PCB and PAH-impacted sites," said Scott Wisher, Senior Vice President at Cascade. "We envision these chemistries being appropriate for in situ injection along with conventional remediation including soil blending."

About Battelle

Every day, the people of Battelle apply science and technology to solving what matters most. At major technology centers and national laboratories around the world, Battelle conducts research and development, designs and manufactures products, and delivers critical services for government and commercial customers. Headquartered in Columbus, Ohio since its founding in 1929, Battelle serves the national security, health and life sciences, and energy and environmental industries. For more information, visit http://www.battelle.org.

About Cascade

Cascade is a field services contractor that partners with our clients to provide seamless environmental and geotechnical solutions from concept to completion. Our vision is to integrate technology, safety, sustainability, and human potential to tackle the challenging environmental and geotechnical issues facing our clients. For more information on Cascade, please visit http://www.cascade-env.com.

For more information on the new injection chemistries and integrated turnkey remediation services, contact Eliot Cooper, Vice President of Technology at ecooper@cascade-env.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210218005758/en/

Contacts

Katy Delaney(614) 424-7208delaneyk@battelle.org

T.R. Massey(614) 424-5544masseytr@battelle.org

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Cascade and Battelle Collaborate to Apply Patented Environmental Remediation Technology for Recalcitrant Contaminants - Yahoo Finance

A few months ago, the economic analyst Noah Smith observed that scientific advance is like mining ore. You find a vein you think is promising. You take a risk and invest heavily. You explore it until it taps out.

The problem has been that over the last few decades only a few veins have really been paying off and changing lives. Discoveries in information technology have obviously been massive the internet and the smartphone. Thanks in part to public investment, clean energy innovation has been fast and plentiful. The price of solar modules has declined by 99.6 percent since 1976.

But life-altering breakthroughs, while still significant, are fewer than they once were. If you were born in 1900 and died in 1970, you lived from the age of the horse-drawn carriage to the era of a man on the moon. You saw the widespread use of electricity, air-conditioning, aviation, the automobile, penicillin, and so much else. But if you were born in 1960 and lived until today, the driving and flying experience would be safer, but otherwise the same, and your kitchen, aside from the microwave, is basically unchanged.

In 2011, the economist Tyler Cowen published a prescient book, The Great Stagnation, exploring why scientific advance was slowing down. Peter Thiel complained that we wanted flying cars, but we got Twitter.

But this technological lull may be ending. Suddenly a lot of smart people are writing about many veins that look promising. The first and most obvious is vaccines. The amazing fact about Covid-19 vaccines is that Moderna scientists had designed the first one by Jan. 13, 2020. They had the vaccine before many people even thought the disease was a threat.

Its not only a new vaccine but also a new kind of vaccine. The mRNA vaccines will help us teach our bodies to fight pathogens more effectively and could lead to breakthroughs in combating all sorts of diseases. For example, researchers have hope for mRNA cancer vaccines, which wouldnt prevent cancer, but could help your body fight some forms.

In energy, geothermal breakthroughs are generating tremendous excitement. As David Roberts notes in an excellent explainer in Vox, the molten core of the earth is about 10,000 degrees Fahrenheit, roughly the same temperature as the sun. If we could tap 0.1 percent of the energy under the earths surface we could supply humanitys total energy needs for two million years.

Engineers are figuring out how to mine the heat in the nonporous rock beneath the surface. As Roberts writes, If its more enthusiastic backers are correct, geothermal may hold the key to making 100 percent clean electricity available to everyone in the world.

This is not even to mention fusion. In one of those stories that felt epochal when you read it, my Times colleague Henry Fountain reported last September on how M.I.T. researchers had designed a compact nuclear reactor that should work. China currently has an experimental thermonuclear reactor that is reaching 270 million degrees Fahrenheit.

It feels like autonomous vehicles have been three years away for the last 10 years. But sooner or later they will arrive. Waymo has already started a driverless rides service in Phoenix like Uber and Lyft, but with nobody in the front seat.

Meanwhile, in the electric car sector, Toyota is developing a vehicle that can go 310 miles on one charge and can charge from zero to full in 10 minutes.

One could go on: artificial intelligence; space exploration seems to be heating up; a variety of anti-aging technologies are being pursued; on Wednesday The Times reported on an anti-obesity drug. Theres even lab-grown meat. This is meat grown from animal cells that would enable us to enjoy steaks and Chicken McNuggets without actually slaughtering cows and chickens.

Obviously, all these veins are not going to pay off, but what if we gradually created a world with clean cheap energy, driverless cars and more energetic productive years in our lives?

On the plus side, global productivity would surge. What economists call total factor productivity has been grinding along with 0 to 2 percent increases for years. But a series of breakthroughs could keep productivity surging. Our economy, and world, would feel very different.

On the negative side, the dislocations would be enormous, too. What happens to all those drivers? What happens to people who work on ranches if labs take a significant share of the market? The political difficulties will be complicated by the fact that the people who will profit from these high-tech industries tend to live in the highly educated blue parts of the country, while the old industry workers who would be displaced tend to live in the less educated red parts.

We would be riding the tiger of rapid change. The economy would grow faster but millions of people would have trouble finding a place in it. Universal basic income would become a red-hot topic.

Government investment has spurred a lot of this progress. Government would have to come up with aggressive ways to mitigate the shocks. But it is better to face the challenges of dynamism than the challenges of stasis. Life would be longer and healthier, energy would be cleaner and cheaper, there would be a greater sense of progress and wonder.

In a week of political gloom, I thought youd like some good news.

The Times is committed to publishing a diversity of letters to the editor. Wed like to hear what you think about this or any of our articles. Here are some tips. And heres our email: letters@nytimes.com.

Follow The New York Times Opinion section on Facebook, Twitter (@NYTopinion) and Instagram.

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Opinion | The Coming Technology Boom - The New York Times

DENVER, Feb. 18, 2021 /PRNewswire/ -- As the 4th Industrial Revolution continues to rapidly transform the way businesses operate, Lumen Technologies(NYSE: LUMN)today announced that its efforts to reshape the enterprise security landscape has been recognized with a prestigious, global award.

Experience the interactive Multichannel News Release here: https://www.multivu.com/players/English/8524359-lumen-technologies-frost-and-sullivan-2021-global-new-product-innovation-award/

As the only recipient of the Frost & Sullivan 2021 Global New Product Innovation Award in the holistic web protection market, Lumen received the acclaim for its combination of enterprise security solutions including:

"We know businesses are looking for a trusted partner on the Edge," said Christopher Smith, Lumen Technologies vice president of platform applications. "Companies are facing new challenges that require them to get, use, and leverage their data at almost unimaginable speeds. The emerging technologies and data intensive needs for the 4IR demand that speed. Our networking, cloud and security solutions are the power these latency-sensitive, next-gen business applications need. We are honored that Frost & Sullivan recognized the innovation we bring to this front."

In recognizing Lumen for New Product Innovation, Frost & Sullivan notedthe company's focus on continually improving the customer experience. "By integrating Lumen DDoS mitigation solutions with WAF solutions, Lumen offers a complete capability designed to protect network and application layers," said Steven Lopez, Frost & Sullivan best practices research analyst. "Ultimately, streamlining the security strategy set in place to simplify, integrate, and automate the solution's capabilities, Lumen achieves the outcome for optimal efficiency and cost-effective customer experiences."

For more detailed information about Lumen's holistic web protection solutions or the Frost & Sullivan Award, please refer to the following resources:

Additional Resources:

About the Frost & Sullivan Award:

Frost & Sullivan is an international consulting company dedicated to helping clients accelerate growth and achieve best-in-class positions in innovation and leadership. The Best Practices Award recognizes companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Frost & Sullivan industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research to identify best practices.

About Lumen

Lumen is guided by our belief that humanity is at its best when technology advances the way we live and work. With 450,000 route fiber miles and serving customers in more than 60 countries, we deliver the fastest, most secure platform for applications and data to help businesses, government and communities deliver amazing experiences.

Learn more about Lumen's network, edge cloud, security, and communication and collaboration solutions, and about our purpose to further human progress through technology at news.lumen.com, LinkedIn: /lumentechnologies, Twitter: @lumentechco, Facebook: /lumentechnologies, Instagram: @lumentechnologies and YouTube: /lumentechnologies.

1 Forrester, The Total Economic Impact Study of Lumen DDoS Mitigation Service, April 2020.

Services not available everywhere. Business customers only. Lumen may change, cancel or substitute products and services, or vary them by service area at its sole discretion without notice. 2020 Lumen Technologies. All Rights Reserved.

SOURCE Lumen Technologies

https://www.lumen.com/

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Lumen Technologies is the only company to win Frost & Sullivan's prestigious 2021 Global New Product Innovation Award for its Holistic Web...

CLEVELAND MedPilot, a Cleveland-based technology company that has streamlined medical billing, is merging with New York-based medical technology company Vytalize.

The merger was approved by both companies' Boards of Directors on Jan. 29 and is still subject to shareholder approval. The companies arent discussing the terms of the deal but all 35 of MedPilots Cleveland workers will join Vytalizes workforce, which now will be nearly 100 people strong.

It was a significant win for our employees, our customers, our stakeholders and definitely the City of Cleveland, said MedPilot Co-Founder Matt Buder Shapiro.

The Companies

Vytalize was founded in 2014 and is headquartered in Hoboken, New Jersey. It works with primary care doctors to help manage and maximize reimbursement from Medicare while preventing unnecessary care.

Kevin Barry

MedPilot was founded in 2015 in New York City, established its first customers in 2017 and specializes in medical billing. The company later relocated to Cleveland, where two of its three founders originally lived. By using technology like emails, texts, and phone calls, MedPilot can better communicate billing information to medical patients when they are most likely to respond.

Vytalize Co-Founder and CEO Faris Ghawi says the two companies started working together when Vytalize was interested in being a MedPilot client.

After a couple of months of working together, we realized there was a bigger opportunity here, said Ghawi. One plus one equals more than two, so to speak.

Kevin Barry

Buder Shapiro says MedPilot will continue working with its current clients while adapting to new projects within Vytalize. Ghawi says the same technology that makes MedPilot successful in collecting medical bills while maintaining high customer satisfaction could also be used in other parts of healthcare.

Everything [MedPilot] built, you can tell it was built to do something much more than just patient billing and it was built for 10s of millions of patients, said Ghawi.

Ghawi says thats especially true right now after COVID has made many people of all ages much more comfortable using digital technology for healthcare-related tasks.

The Cleveland Impact

In the start-up world, the goal is often for a company to either scale up and make a profit solving a problem or sell the company to someone else for a lot of money. The second choice is called an exit.

In the past, start-up founders have praised Cleveland as a great place to bring their companies. The move allows them to take advantage of local universities that graduate young talent, a relatively low cost of living compared to cities on the coasts, and close proximity to large parts of the Midwest.

Kevin Barry

Brent Sanders moved to the west side of Cleveland after co-founding his software company, Formulated Automation, in Chicago. He says Cleveland is a great landing spot for established companies, but the region still lacks other founders who have started, run, and sold successful companies. Columbus, he says, is ahead of Cleveland in that specific area.

You have these generations where youve had exits, youve had liquidity events, and then now you have all these agent investors and you have this hotbed, said Sanders.

MedPilots merger shows other Cleveland founders that a headquarters on the coast isnt necessary for a successful exit. It attracted funding from Cleveland-based sources as part of the $3.5 million it raised over the last few years from investors.

Kevin Barry

This is doable and I think that the more that we can change that narrative, the more people will try to start companies, said Buder Shapiro.

The deal between Vytalize and MedPilot closed just days after Governor Mike DeWine announced the creation of the Cleveland Innovation District, which promises to bring $565 million of investment and 20,000 new jobs over the next decade.

The Cleveland Innovation District didnt have any impact on MedPilots merger but Buder Shapiro says the more ideas the community tries, the better chance it has to find something thats successful as it tries to become a technology hub.

Companies like Vytalize getting involved in Cleveland coming in with technology and not just healthcare, thats the future of Cleveland, said Buder Shapiro. You need to believe that there is a chance to have a successful exit and so we want to make sure that we change that narrative.

Stephen Travarca P-216.444.0768

Buder Shapiro and his co-founders have already been enthusiastic cheerleaders for Cleveland to anyone who will listen.

I cant have a conversation with the leadership at MedPilot without Cleveland being like every other word, said Ghawi.

The merger sets a good example but also creates a team of founders who can reinvest their earnings in other small businesses. Buder Shapiro has already done that in the past and he says he plans on continuing that work.

As an entrepreneur, its natural to invest, said Buder Shapiro. We see the most deals because theyre not deals to us. Theyre companies and fellow co-founders and entrepreneurs.

Download the News 5 Cleveland app now for more stories from us, plus alerts on major news, the latest weather forecast, traffic information and much more. Download now on your Apple device here, and your Android device here.

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MedPilot merging with Vytalize in a big win for Cleveland's technology community - News 5 Cleveland

Ours is a time of exciting technological change. The era of smart machines holds the promise of a more prosperous future for all. But it demands smarter policies to realize that promise. To capture potential gains in productivity and economic growth and to address rising inequality, policies will need to be more responsive to change as technology reshapes markets. And change will only intensify as artificial intelligence and other new advances drive digital transformation furtherand at an accelerated pace in the aftermath of the COVID-19 pandemic.

As technology shifts market dynamics, policies must ensure that markets remain inclusive and support broad access to the new opportunities for firms and workers. New thinking and policy adaptations are needed in areas such as competition policy, the innovation ecosystem, digital infrastructure development, upskilling and reskilling of workers, and social protection regimes. Fostering wider diffusion of new technologies among firms and building complementary capabilities in the workforce can deliver both stronger and more inclusive economic growth.

Major economic reform, inevitably, is politically complex. Todays deeper political divisions add to the challenges. But political support appears to be building in some key areas of reform, such as addressing the market dominance of tech giants and putting in place an adequate regulatory framework governing data. Crises can shift the political setting for reform. The fault lines exposed by the COVID-19 pandemic can catalyze action to address mounting economic disparities. All too often, reform is paralyzed by trite debates about conflicts between boosting economic growth and reducing inequality. Encouragingly, however, policy is increasingly being informed by research findings that show this to be a false dichotomy. In realizing the promise of brilliant new technologies, the growth and inclusion agendas are one and the same.

Download the full working paper

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Technology, growth, and inequality: Changing dynamics in the digital era - Brookings Institution

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Large companies believe technology will play an even more central role in their success this year, an analysis of annual reports from FTSE 350 companies suggests.

According to consulting firm Accenture, technology was among the most discussed topics in reports these companies put out in 2019 and 2020, with discussions around technology growing by 50 percent year-on-year.

Running the annual reports through its Natural Language Processing (NLP) tool, Accenture discovered technology was the joint-fifth most-discussed topic, accounting for 16 percent of material.

That may not sound like much, but the only topics that received more air time are mandatory: tax & profit (58 percent) and financial reporting (41 percent). Fraud (16 percent) and efficiency (16 percent) were discussed as frequently as technology.

Breaking down technology as a topic, Accenture found that cloud computing, IoT technologies, DevOps, cloud infrastructure, intelligent automation, robotics and AI were the most popular areas. All of the FTSE 350 strong performers mentioned cloud virtualization technologies.

Traditional sectors - such as transport, construction and banking - demonstrated the greatest increase in interest. Software, telecoms, media, medical and utilities sectors, meanwhile, devoted the largest parts of their reports to technology.

Originally posted here:

Technology is more important than ever for big business - ITProPortal