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Bukit Aman: Cops arrest 40, bust cryptocurrency scam involving over RM50m losses – Malay Mail

KUALA LUMPUR, Nov 3 Police have busted a cryptocurrency investment syndicate, involving losses amounting to over RM50 million, with the arrest of 40 individuals.

Bukit Aman Commercial Crime Investigation Department director Datuk Seri Ramli Mohamed Yoosuf said the 31 men and nine women, aged between 20 and 55, were arrested in a three-day nationwide operation from October 29.

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He said that of the 40 arrested, 38 were business owners, company directors and company secretaries while the rest included bank officers and agents scouting for mule account holders.

"This operation was conducted after police received 76 reports from victims of investment schemes, which involved losses totalling RM50,620,880.29.

"The victims, aged between 22 and 81, are mostly retirees and businessmen, he told a special media conference here today.

Ramli said the syndicates modus operandi was to offer cryptocurrency investments giving high returns in a short period.

"Investors are given access to monitor the cryptocurrency transaction activities in the accounts that are registered under the investors names, but the money cannot be taken out, he said.

He said that through the operation, police also detected a new trend by the syndicate, which used registered companies and businesses to be used as mule accounts.

"So far, we have traced 73 bank accounts used by the syndicate, involving 51 companies. We believe these companies and businesses were registered simply for carrying out the scam, he said.

Ramli added that the syndicate would approach individuals facing financial problems or homeless people to use their names for the setting up of companies and then open a company account.

"These individuals will be given a one-off payment or monthly payment. The case is being investigated under Section 420 of the Penal Code for cheating, he said. Bernama

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QTUM, SUI, Render (RNDR) cryptocurrencies on the rise: here’s why – Invezz

Since the fake news about BlackRock sport Bitcoin ETF being approved, the crypto space has sprung to life with most of the coins turning green. Three notable cryptocurrencies are currently in the spotlightQTUM, SUI, and Render (RNDR).

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While these cryptocurrencies belong to different niches, each is experiencing a surge in its value and popularity. In this article, well explore the key factors driving the growth of these digital assets.

Qtum, often pronounced as quantum, is a smart contract blockchain platform and the value transfer protocol that combines the strengths of Bitcoin and Ethereum.

What sets Qtum apart is its unique ability to benefit from updates made to both of these major cryptocurrencies. Recently, the implementation of Taproot in Bitcoin has further boosted Qtums performance.

As the hype around the potential approval of a spot Bitcoin ETF by the US SEC grows, Qtums proximity to Bitcoin is pushing its price higher. QTUM token price has surged by 23% over the past 24 hours and 38.68% in the last seven days.

Additionally, Qtum had a scheduled mandatory update on November 27, 2023, which required users to upgrade to version 24.1 by a specific block height.

This upgrade aims to enhance the platforms performance and security, further solidifying Qtums position in the cryptocurrency market.

SUI, another cryptocurrency on the rise, has been facing scrutiny following reports of a substantial circulation volume discrepancy linked to its launch on Upbit. The Financial Supervisory Service (FSS) in South Korea launched an investigation into this matter.

Despite the ongoing investigation, SUIs price has continued to surge. The token price has surged by 8.03% in the last 24 hours and by 17.75% over the past seven days.

One of the driving factors behind SUIs price surge is its innovative approach. SUI is planning to launch a new mode for compressing mnemonic formats, reducing 12 words to just 8 words without losing entropy.

This novel approach has garnered significant attention and support from the crypto community, contributing to its upward momentum.

Render (RNDR) is making headlines as its community recently passed the RNP-005: Beam Compute Client proposal.

This development marks a significant step in RNDRs growth and utility. The RNDR token price has surged by 24.30% over the past seven days and by 10.29% in the last 24 hours.

The integration of the Beam Compute Client into the Render Network is set to expand its utility significantly. This technology allows for the accelerated development and deployment of artificial intelligence (AI) operations with GPUs, all without the hassle of managing infrastructure.

This development not only enhances RNDRs capabilities but also opens new possibilities for machine learning workloads, driving demand for the cryptocurrency.

The rise of QTUM, SUI, and RNDR reflects their unique strengths and the evolving landscape of the cryptocurrency market.

Qtums ability to harness Bitcoin and Ethereum updates, SUIs innovation in mnemonic compression, and RNDRs community-driven growth demonstrate that the cryptocurrency space is not only dynamic but also filled with potential for those who explore it.

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From groundfrost to cloud, Cohesity puts SmartFiles on Snowflake – ComputerWeekly.com

Data management matters, whether the process involved with locking down its existence are executed in the permafrost (on-premises) or in the frozen mists of the troposphere (cloud) as they circle our data universe.

Given the (some would say metric, or at least healthy) rise of Snowflake as the self-style Data Cloud company (a product term that it has officially branded), we have seen an increasing number of vendors align their own products, protocols, tools and trinkets to the Snowflake platform.

Artificial Intelligence (AI)-powered data management company Cohesity is the latest vendor to get some extra Snowflake proximity.

The company has this month come forward with Cohesity SmartFiles on the Snowflake Data Cloud.

As TechTargets Johnny Yu explained at the time of its launch in 2019, By migrating files from NAS systems, Cohesity SmartFiles can free space on the files original servers. The files are deduplicated on the Cohesity DataPlatform, where users can run global searches. Applications from Cohesity Marketplace for tasks such as antivirus and anomalous access detection run directly on the platform.

This new Snowflake integration is intended to help organisations to draw down analytics from their on-premises and cloud data while maintaining data sovereignty and compliance requirements.

Snowflake recognises the critical importance of providing customers with advanced data security and management while mining their data for strategic insights, said Kit Beall, chief revenue officer, Cohesity. As a leader in AI-powered enterprise data security and management, we seek partners equally dedicated to the secure storage and management of customer data. That is why we are delighted to partner with Snowflake to continue delivering innovative and secure solutions that our customers can confidently rely on.

By using the Snowflake Data Cloud, Cohesity (somewhat grandly) says it is joining Snowflake in mobilising the worlds data to help organisations reap the benefits of their analytics capabilities without having to move their data to the cloud for analysis.

With Cohesity SmartFiles, joint customers can store their data locally in SmartFiles and use Snowflakes analytics capabilities with the flexibility to keep data either on-premises or in the cloud.

This integration provides users with broader access and choice while allowing them to adhere to strict internal policies.

Cohesity SmartFiles augments customers cloud-native Snowflake Data Cloud to include on-premises repositories and extends secure access to sensitive local data records. Cohesity SmartFiles also provides a secure platform for consolidating application data that is designed to improve storage efficiency and reduce the overall cost of ownership for local Snowflake repositories.

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App server market size expected to reach 52B by 2030 – App Developer Magazine

The platform called an application server is typically used for cloud-based apps for mobile devices like tablets and smartphones. While allowing the right to access and the functionality of the corporate application, the application server serves as the host for the user's business logic.

The banking, financial services, and insurance (BFSI) industry are always dealing with new regulations, cybersecurity concerns, an increase in the volume of data being generated, and an increase in the number of transactions. Secure, scalable solutions that allow for effective service delivery are constantly needed in the BFSI sector. Additionally, to keep up with technological advancements and have up-to-date security features that guard against continually growing cyber threats, these apps must be updated at fairly regular intervals. Application servers provide tools for building online applications and middleware services for security and upkeep available, as well as network data access.

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Rapid advancements in wireless networks and mobile device technology have created a wealth of possibilities for applying application servers in previously untapped fields like information dissemination and the digitization of public services. Additionally, e-commerce and mobile commerce are becoming more and more popular, which is encouraging for the market's expansion over the projection period. As workload and accompanying complexity have increased, government agencies have been utilizing technology more and more. Government agencies must also continually assess the functionality and effectiveness of their current applications and, where necessary or in order to keep up with the difficulties posed by technology, transition to new, better-suited platforms.

With a revenue share of more than 40%, North America dominated the application server market in 2020. North America is renowned for its early adoption of cutting-edge technologies and for having a high mobile device penetration rate. When it comes to early adoption of the newest and most innovative technology, the United States and Canada are regarded as having extremely mature marketplaces. As a result, North American-based companies use application servers at a significant pace.

The fastest-growing regional market is anticipated to be in the Asia Pacific. The Asia Pacific is renowned for the expansion of high-speed wireless internet networks, the proliferation of smartphones, and the exponential growth of the manufacturing and e-commerce sectors. Some of the additional important aspects that are anticipated to support the expansion of the regional market are the rising number of software and IT service providers, the rise in service-based startups, and the aggressive adoption of cutting-edge technologies, notably in China and India.

Microsoft Corporation, International Business Machines Corporation, Oracle Corporation, Red Hat, Inc., and TIBCO Software Inc. are some of the major companies active in the sector. To gain a larger portion of the market, industry companies are investing heavily in R&D projects and streamlining their internal operations. To enhance and broaden their current product and service portfolios, they are also constantly engaged in new product development. To develop technologically innovative products and acquire a competitive edge in the market, they are also placing a major emphasis on mergers and acquisitions and strategic partnerships. Microsoft Corporation, International Business Machines Corp., Oracle Corporation, Red Hat, Inc., TIBCO Software Inc., The Apache Software Foundation, FUJITSU, VMware, Inc., NEC Corporation, and SAP SE are a few of the well-known companies active in the worldwide application server industry.

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Hewlett Packard’s (HPE) GreenLake to Replace iSKi’s Server – Yahoo Finance

Hewlett Packard Enterprise HPE has announced that its new on-demand cloud service, HPE GreenLake for Private Cloud Business Edition, has been adopted by the Istanbul Water and Sewerage Administration (iSKi) to replace iSKis existing server and storage systems.

The decision to install HPE GreenLake came at a time when iSKis previous storage infrastructure was nearing its limit and required an upgrade to prevent unexpected disruptions. The HPE GreenLake will support wastewater management and water distribution spanning 20,000 Kilometers.

Additionally, iSKi is in the process of developing a new mobile application, enhancing its billing system, establishing a disaster recovery site and leveraging a range of Microsoft solutions, such as Active Directory and Exchange. These initiatives will benefit from the increased computational capabilities provided by HPE GreenLake.

Hewlett Packard Enterprise Company Price and Consensus

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Collaboratively, the two entities have undertaken the task of centralizing and streamlining the storage infrastructure, unifying a total of 33 file servers and storage systems located at remote sites. Furthermore, iSKi has enhanced its application performance with the advanced artificial intelligence capabilities of HPE InfoSight in the realm of IT operations, enabling the prediction and prevention of potential issues. As a result, iSKi is set to establish a robust and continuous operating system, offering an impressive 99.9999% availability guarantee.

HPE GreenLake for Private Cloud Business Edition also comes with disaggregated hyperconverged infrastructure (dHCI) that doesn't require a system-wide upgrade when one of its components reaches its limits. The dHCI addresses shortcomings by scaling the specific components as needed and decoupling the compute, storage and networking resources. With these advanced features, iSKi will be able to ensure uncompromising levels of security and availability of water supply that is critical.

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The iSKi is among the extensive list of customers who have adopted HPE GreenLake to optimize their operations. This year has also witnessed the adoption of GreenLake by notable organizations, such as Dubai Islamic Bank, Wihuri Group, Inedys, Fastweb (an Italian telecom operator), Ashok Leyland, DSolution (a Swedish service provider) and Toppan Forms.

HPE is making strides in its Cloud segment with HPE GreenLake, which is strengthening the companys other service pivots. In third-quarter fiscal 2023 earnings report, it was highlighted that GreenLake saw a remarkable 122% year-over-year increase in orders. Hewlett Packard is forming a Hybrid Cloud Business unit, merging HPE GreenLake with HPE Storage, GreenLake Cloud Services and the CTO team. This will fast-track its hybrid cloud strategy, offering a unified portfolio of storage, software, data and cloud services through HPE GreenLake.

Currently, HPE carries a Zacks Rank #2 (Buy). Shares of the company have returned 7.5% year to date.

Some other top-ranked stocks from the broader technology sector are NVIDIA NVDA, NetEase NTES and Dell Technologies DELL, each sporting a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of todays Zacks #1 Rank stocks here.

The Zacks Consensus Estimate for NVDAs third-quarter fiscal 2024 earnings has been revised by 2 cents northward to $3.34 per share in the past 30 days. For fiscal 2024, earnings estimates have increased by 7 cents to $10.74 in the past 30 days.

NVIDIA's earnings beat the Zacks Consensus Estimate in three of the trailing four quarters, while missing the same on one occasion, the average surprise being 9.8%. Shares of NVDA have rallied 175.9% year to date.

The Zacks Consensus Estimate for NetEase's third-quarter 2024 earnings has been revised downward by a penny to $1.56 per share in the past 30 days. For fiscal 2024, earnings estimates have increased by 35 cents to $6.54 per share in the past 90 days.

NTES' earnings beat the Zacks Consensus Estimate in three of the trailing four quarters, while missing the same on one occasion, the average surprise being 24.54%. Shares of NVDA have surged 44.7% year to date.

The Zacks Consensus Estimate for DELL's third-quarter 2024 earnings has been revised upward by 11 cents to $1.47 per share in the past 60 days. For fiscal 2024, earnings estimates have increased by 3 cents to $6.33 per share in the past 30 days.

Dells earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 39.52%. Shares of DELL have climbed 60.4% year to date.

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How to Avoid Being a Captive Customer to Your Property … – Hospitality Net

I recently came across an interesting article outlining a recent study by Jie Yu Kerguignas, Olivier Furrer, and Ikle Landry exploring the phenomena of 'Customer Captivity' in the hospitality industry. According to the authors, customer captivity occurs when customers become dissatisfied with a service relationship but feel like they don't have the ability to alter or leave the relationship, due to a perceived need for the service and a lack of alternatives." A sense of captivity can intensify negative emotions such as frustration or a sense of unfairness with the feeling that the customer's needs are going unheard and that they are ultimately powerless to change their situation. The result can be devastating to a brand's reputation, as captive customers often turn to negative word-of-mouth behavior to vent their frustrations and regain a sense of control. Kerguignas, Furrer, and Landry argue that companies can ease captivity feelings by empowering customers through increased transparency and additional service options, and by creating controlled channels for customers to vent their emotions.

While these solutions are viable, they aren't comprehensive enough to fully address customer captivity in the hospitality tech industry. This article will present a guide for hoteliers on how to avoid becoming a captive customer and actually identify a true technology partner, including what to look for and what questions to ask before entering a vendor agreement.

Investing in a technology platform especially a system as complex and essential as a property management system is a major undertaking, potentially affecting your hotel's operations, service, and revenue. It's critical to start by clearly defining your needs and objectives: What exactly are you looking to achieve with the platform? What pain points are you looking to alleviate? How does the platform fit in with your hotel or groups unique business goals and service philosophy?

Having a clear understanding of these requirements will help enormously as you search for a PMS vendor that can meet your hotel or groups specific needs. Make sure your vendor research extends well beyond the vendor's website and marketing materials to include independent sources such as customer reviews, case studies, and references. Asking for recommendations or testimonials from peers in your industry is also an excellent way to get the 'inside story' on how the platform actually performs. You should also make sure that the vendor makes their Service-Level Agreements (SLAs) readily available and make a point to ask how they resolve support issues, ensuring that they support their answers with clear use cases and clear data on resolution and response times.

Legacy PMS platforms operated out of independent servers that had to be maintained on-site at the hotel. This required hotels to pay high installation costs upfront, and then pay additional recurring costs for server maintenance and product updates. On the other hand, hotels receive a lot more flexibility in SaaS-based ('Software-as-a-Service) commercial models. SaaS models offer shorter contracts where the customer can pay month-to-month, affording them more flexibility and control over the vendor relationship. And because most SaaS-based platforms do not require on-site servers, there is no need to charge hotels for server installation, maintenance, or manual product updates.

Of course, not all SaaS companies are the same. Pay close attention to a vendor's licensing and pricing models. Are they transparent, and can you predict your costs over time? Be wary of vendors with complex or hidden pricing structures, or vendors that keep their customers captive by locking them into a contract with a support structure that does not meet their needs.

Many platforms do not leverage open APIs, which places hotels into confined 'walled gardens,' forcing them to pay exorbitant fees for 'proprietary' integrations while restricting their ability to customize their tech stack. Instead, look for modern cloud PMS platforms that boast a comprehensive and growing library of integrations that are provided at no additional cost to the end user. The PMS platform should also be based on an open-API architecture ideally enhanced by simplified webhooks which can facilitate seamless data transfers between platforms while making it easy to develop custom integrations to new third-party systems.

Make sure your PMS vendor is also specific about what type of 'cloud' service they are delivering. Although many legacy providers are now offering 'cloud-based' versions of their on-site platforms, these systems often run on independent servers which suffer from issues with reliability, performance, and 'buck-passing' between multiple separate customer service teams. Instead, make sure your cloud-based platform is hosted on a native-cloud server such as Amazon AWS. Native-cloud servers deliver exceptional speed, performance, and reliability, as well as almost perfect uptime and automated scalability based on use.

Becoming a strategic partner involves more than just providing a service; it means actively supporting your clients throughout the customer lifecycle as they navigate challenges, achieve business goals, and realize their ideal service philosophy. It's critical that your technology vendor is committed to seamless change management, including having a clear understanding of your business needs and objectives and providing dedicated support and expertise throughout the customer lifecycle.

Any strategic partnership begins with a well-crafted implementation policy that reduces service and operational disruptions to an absolute minimum. Look for vendors that provide dedicated implementation teams and comprehensive training programs that can deploy their platform and onboard your staff in as little time as possible. The implementation team should remain actively engaged throughout the onboarding process, proactively addressing potential issues before they arise, while providing access to online tools and tutorials. Responsiveness is critical during this stage, with resources being shared promptly, ideally within the same hour and no later than within 24 hours. This level of proactive assistance must be continued throughout the customer lifecycle, with the provider offering continuous, 'follow the sun' support, providing assistance from product and industry experts at any time of day or night.

Once you choose a PMS provider, it's critical to monitor their performance regularly to ensure that they are meeting your expectations and that their platform helps you achieve your business goals. If they are not meeting your expectations, it goes without saying that you should consider switching to a more suitable vendor.

Set Quarterly Business Reviews (QBRs) to ensure that the vendor is always keeping up on their end of the bargain and identifying areas of improvement with the technology and the partnership. Your vendor should also provide access to a dedicated client success manager (CSM). The CSM acts as your advocate within the vendor's organization, ensuring the platform meets your business needs and facilitating a feedback loop that informs the product development and roadmap. This proactive approach forms the foundation of a robust and enduring strategic partnership, from implementation to the future of the platform itself.

Stayntouch delivers a cloud-native and guest-centric hotel property management system (PMS) with a comprehensive library of over 1,100 integrations. Stayntouch's cloud-native PMS empowers independent hotels, hotel groups, and management companies to drive revenue, reduce costs, enhance service, and captivate their guests. In 2022, Stayntouch launched Stayntouch 2.0, a fully integrated technology suite featuring its core cloud-native PMS and guest kiosk solution, a comprehensive chain management module, a seamless booking engine (Stayntouch Booking), a robust payment processing platform (Stayntouch Pay), and a powerful channel manager. Stayntouch 2.0 enables hotels to streamline their operations, maximize and diversify their revenue streams, and deliver an even more enhanced guest experience with the innovation and support of one trusted technology partner. Stayntouch is supported by a team of professionals with deep roots in the hospitality industry and is a trusted partner to industry-leading management companies including Sage Hospitality, HEI Hotels & Resorts, and EOS Hospitality, innovative independent brands such as Village Hotels, Pod Hotels, and First Hotels, and iconic flagship properties such as the TWA Hotel, Showboat Hotel Atlantic City, and Zoku Amsterdam. For more information, visit http://www.stayntouch.com.

Frewoini GollaDirector of Marketing

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Nexthink Commits to reach a Net-Zero Standard by 2050 – Yahoo Finance

The company will work with the Science Based Targets initiative to reduce emissions by 90% by 2050

BOSTON & LAUSANNE, Switzerland, October 30, 2023--(BUSINESS WIRE)--Nexthink today announced it has signed the commitment letter to the Science Based Targets initiative (SBTi) to achieve a Net-Zero Standard by 2050. The company is aiming to reduce greenhouse gas emissions by at least 42% by 2030, and 90% by 2050. Nexthink's targets are designed to meet those of the Paris Agreement - limiting global warming to 1.5C above pre-industrial levels - and will work with the SBTi to validate this trajectory.

"End-user computing accounts for 60% of all IT emissions in the enterprise and we believe our commitment to Net-Zero should lead to bigger efforts from companies in the space to improve sustainability. Our customers, partners, shareholders, and employees are asking for it, and there is no more important mission than a cleaner and better future for the planet."

Nexthinks Net-Zero commitment is the next step in a continued investment in environmental sustainability. Since 2021, the company has tracked its carbon footprint over its entire operations and has taken measures to reduce its emissions and energy consumption internally. As part of this initiate, Nexthink will:

Reduce the carbon impact per hour of cloud servers used by 50% by 2030 by selecting energy efficient instances and optimizing their usage

Work on its IT assets to improve device lifetime, and reduce the unitary impact of IT devices by 20% by 2030

Implement a company-wide energy efficiency plan that includes improving insulation of the offices and drastically reducing the footprint of air-conditioning gas leaks

Change the global travel policy to manage the emissions linked to professional travels and commuting

Additionally, earlier this year Nexthink announced enhancements to its Sustainable IT Solution, which is aimed at providing vital insights to help customers embed sustainability into the core of their IT strategy. The company was also awarded, for the second year in a row, an EcoVadis Silver Medal and was among the top 8% of companies assessed in the software industry.

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The SBTi is a partnership between CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF). The SBTi call to action is one of the We Mean Business Coalition commitments and is aimed at driving ambitious climate action in the private sector by enabling organizations to set science-based emissions reduction targets.

About Nexthink

Nexthink is the leader in digital employee experience management software. The company provides IT leaders with unprecedented insight allowing them to see, diagnose and fix at scale issues impacting employees anywhere, with any application or network, before employees notice the issue. As the first solution to allow IT to progress from reactive problem solving to proactive optimization, Nexthink enables its more than 1,200 customers to provide better digital experiences to more than 15 million employees. Dual headquartered in Lausanne, Switzerland and Boston, Massachusetts, Nexthink has 9 offices worldwide.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231030003480/en/

Contacts

For further information, please contact: press@nexthink.com

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Getting IIoT Networks Ready for the Future – Automation.com

Summary

Three tips can enhance network preparedness and help secure IIoT networks.This feature originally appeared in the AUTOMATION 2023: Cybersecurity & Connectivity ebook published in September.

When an Industrial IoT network is finally up and running, it may be tempting to rest on your laurels. Nonetheless, change remains the only real constant in the world of industrial networking. An IIoT network may be sufficient for your current needs. It may even be ready for foreseeable application requirements over the next several years. But what about the next decade? Change is always in the air, and you need to be prepared.

Since the early days of industrial automation, manufacturers have adopted a variety of purpose-built protocols and systems for highly specialized control applications instead of using standard Ethernet technologies. However, as IIoT continues to expand, industrial networks in the future will be required to transmit much larger volumes of databetween interconnected devices and to collect information from remote devices for both OT and IT engineers to access (Figure 1). With these growing demands on the horizon, network preparedness may determine an enterprises success.

Consider these three tips to help prepare the IIoT network for the future:

Over the years, various devices using different protocols have been deployed on industrial networks to provide diverse services. Under these circumstances, network integration usually costs more than expected or becomes more difficult to achieve. Manufacturers can either choose the status quo, that is, maintain their pre-existing isolated automation networks with numerous purpose-built protocols of the past, or seek solutions to deterministic services that can integrate these islands of automation into one unified network.

If the goal is to be ready for future demands, the choice is obviously the latter. The rule of thumb is to take potential industrial protocols into consideration and ensure you can redesign networks in case any new demands arise in the market. One approach is time-sensitive networking (TSN), a set of new standards introduced by the IEEE 802.1 TSN Task Group as an advanced toolbox. With TSN, users can build open, unified networks with standard Ethernet technologies that reserve flexibility for the future.

Figure 1: Industrial networks in the future will be required to transmit much larger volumes of data between interconnected devices and to collect information from remote devices for both OT and IT engineers to access.

Cloud-based remote access offers many benefits to IIoT users such as reducing the travel time and expenses of sending maintenance engineers to multiple remote sites (Figure 2). Furthermore, cloud-based secure remote access can offer flexible and scalable connections to meet dynamic, fast-changing requirements. However, operational technology (OT) engineers may find it cumbersome to set up and maintain their own cloud servers for new services and applications. There is considerable effort associated with setting up new infrastructure, even in the cloud. Fortunately, original equipment manufacturers (OEMs) and machine builders can now deliver secure cloud-based services and remote access to their customers, therefore eliminating the need to maintain in-house cloud servers.

A key issue that demands scrutiny is the cloud server license scheme. Often, upfront costs may seem low for limited server hosts. Yet these apparent cost savings on server hosts may actually make a project uneconomical due to the limited scale of connections. Second, you may also need to consider central management capabilities to flexibly expand remote connections as your needs change. With this said, carefully weigh the costs and benefits of incorporating secure remote access to industrial networks. Always select solutions that minimize hassles and will help deliver more value to customers.

Figure 2: Cloud-based secure remote access can provide flexible and scalable connections to meet the dynamic, changing requirements of the future.

When complexity increases due to greater connectivity on industrial networks, it can become difficult to identify the root cause of problems and maintain sufficient network visibility. Control engineers often have to revert to trial and error to get the system back to normal, which is timeconsuming and troublesome.

To facilitate and manage growing industrial networks, network operators need integrated network management software to make informed decisions throughout network deployment, maintenanceand diagnostics. In addition, as systems continue to grow, it is important to pay attention to a number of network integration concerns. First, only managing industrial networks in local control centers may not be feasible three or five years from now, especially when existing systems need to be integrated with new ones. It is therefore important to use network management software with integration interfaces such as OPC DA tags for supervisory control and data acquisition (SCADA) system integration or RESTful APIs for external web services. Furthermore, an interface to facilitate third-party software integration is also a key criterion for ensuring future flexibility.

For many industries, the IIoT presents as many challenges as opportunities. Nonetheless, this new frontier where traditional OT and IT silos converge is clearly the way of the future. Successfully deploying an IIoT application requires careful planning and attention to detail from the moment you decide to begin the journey. As a pioneering expert in industrial networking, Moxa provides a number of innovative technologies and solutions to help speed up network readiness for future IIoT applications.

This feature originally appeared in the AUTOMATION 2023: Cybersecurity & Connectivity ebook published in September.

Roger Chen is manager of Cybersecurity Market Development at Moxa, Inc. Moxas connectivity technology helps to make ideas real. We develop reliable network solutions that enable devices to connect, communicateand collaborate with systems, processesand people.

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Why On Semiconductor Plunged Today – The Motley Fool

Shares of auto chip specialist On Semiconductor (ON 3.51%) plunged on Monday, falling 19.5% as of 12:44 p.m. ET.

The company reported earnings today, and while third-quarter figures came in ahead of analyst expectations, management guided for a soft fourth quarter that was well below estimates.

On has ridden the wave in power chips for electric vehicles (EVs) over the past two years, but it looks like that red-hot market is now cooling significantly.

On had thrived this year up until now, as both auto and industrial chip demand had remained resilient. Auto and industrial chips had been among those that were in the most short supply during the supply chain challenges of 2021, and demand had remained strong even through 2022. This is in contrast to other chip markets in PCs, phones, and cloud servers, which experienced a big hangover starting last year.

This summer, several reports emerged in the financial media noting electric vehicle sales were slowing down in a big way. There is likely a combination of factors behind that. The most prominent are likely higher interest rates, making cars more expensive, as well as possible market saturation among early EV adopters, with range anxiety and costs limiting mass adoption. Of note, electric vehicles tend to use many more semiconductors than internal combustion engines, so a slowing in EVs would disproportionally affect auto chipmakers. In fact, On CEO Hassane El-Khoury made the point that EVs have 14 times the chip content of an internal combustion engine car, just on the drivetrain alone.

On generates over half its revenue from auto-related chips, and unfortunately appears to have confirmed this EV slowdown today. While third-quarter revenue of $2.18 billion beat expectations of $2.15 billion, and adjusted (non-GAAP) earnings per share (EPS) of $1.39 beat expectations of $1.34, On's Q4 guidance underwhelmed.

In the fourth quarter, management now expects revenue between $1.95 billion and $2.05 billion, and adjusted EPS between $1.13 and $1.27 per share. Those figures are well below estimates of $2.18 billion in revenue and $1.36 in EPS heading into the quarter.

On the call, management noted the slowdown came from some large auto customers in Europe, as well as broad-based slowness in the industrial sector.

Whenever a market slows down, investors are left debating whether that means the market is peaking, or may not be as large as thought, or if the slowdown is just a near-term cyclical phenomenon.

Obviously, with the Federal Reserve having hiked interest rates at the fastest pace in history over the past couple of years, that could mean the slowdown may be more cyclical. Certainly, there are a lot of government incentives now to push people into electric vehicles in the years ahead, especially as technology improves and EV ranges expand.

On is a leader in silicon carbide chips, which are thought to be crucial to the future efficiency and range expansion of EVs. So if you think this is a speed bump for EVs and not a peaking market, the stock could certainly be a buy here, now at just 15 times trailing earnings.

Billy Duberstein has no position in any of the stocks mentioned. His clients may own shares of the companies mentioned. The Motley Fool recommends ON Semiconductor. The Motley Fool has a disclosure policy.

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Strong demand for products to last, Gigabyte says –

By Chen Cheng-hui / Staff reporter

Gigabyte Technology Co () yesterday said that strong sales of its consumer electronics-related products, such as motherboards and graphics cards, would continue this quarter, and that demand remains strong for its server products artificial intelligence (AI) servers in particular.

Overall, the company is confident that revenue growth would remain steady this quarter. It expects this years revenue to exceed NT$100 billion (US$3.08 billion) earlier than expected, thanks to continued end-market demand and effective optimization of its product mix, it said in a presentation document released after the companys online investors conference.

Gigabytes revenue last quarter was NT$36.9 billion, up 52.53 percent year-on-year and 41.2 percent quarter-on-quarter.

It was the highest quarterly figure in the companys history, the company said.

Sales from graphics cards accounted for 36 percent of Gigabytes total sales in the third quarter, followed by servers at 27 percent, motherboards at 22 percent, and laptops and other computer peripherals at 15 percent, it said.

The companys graphics card business has come out of the trough experienced in the first half of the year, with demand recovering and shipments booming in the second half as clients stepped up efforts to reduce channel inventories, Gigabyte told investors.

Its motherboard business is expected to return to positive sales growth next year following clear signs of improvement in the bottom half of this year, while server shipments are likely to register a high double-digit percentage increase this year, as demand for AI services continues to rise, it said.

To meet demand from clients, the company plans to optimize the production capacity of two server assembly plants in Taiwan, Gigabyte said, adding that its main customers are in Europe and the US, but it aims to gain orders from the Asia-Pacific region.

The US AI chip ban would not affect Gigabyte as it is not shipping to China, it said.

Gigabyte is striving to maintain its leadership by providing a wider choice of product lines compared with its local peers, it said.

While it remains a strong supply partner of US graphics chip designer Nvidia Corp, it aims to launch new server products for other chipmakers and cloud service providers next year, Gigabyte said.

The company did not reveal its bottom-line figures for the third quarter, but analysts forecast that its gross margin would improve to 13.3 percent from 11.83 percent in the second quarter, while its earnings per share would grow to NT$2.72 from NT$1.4, given better economies of scale and higher-than-expected sales in the third quarter.

Gigabytes cumulative sales in the first nine months of the year totaled NT$91.37 billion, an increase of 15.13 percent from the same period of last year and a record high for the period, the company said.

By region, American markets contributed 41 percent to the companys sales, followed by the Asia-Pacific region with 34 percent and Europe and the Middle East with 25 percent, it said.

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