Huawei Wireless X Labs has joined hands with several industry partners to announce the establishment of a Wireless Connected Factory Special Interest Group (SIG). This is the third in a series of SIGs created by X Labs, with others focusing on X Labs’ Digital Sky initiative and Wireless eHealth.The Wireless Connected Factory SIG has brought together partners in the field of smart manufacturing to conduct further research and promote extensive applications of 5G communication technologies in Industry 4.0.
The first SIG group meeting was also held, with guidance from the China Academy of Information and Communications Technology (CAICT) being provided. All SIG members attended the gathering. These included: Huawei, ABB, Efort, Bosch, Beckhoff, Hikrobot, Geely, KUKA, and Shenyang Institute of Automation Chinese Academy of Sciences. Schneider Electric was also present.
Flexible manufacturing based on smart machines will help redefine future production lines. These next-generation machines featuring plug-and-play technology are growing increasingly flexible and can easily be adjusted to suit a diverse range of production domains.
It is important that factories be equipped with dynamic, high-performance communication networks to support such smart machines. Wireless technologies are an invaluable tool that can substantially help to reduce network construction and maintenance costs, while significantly boosting both productivity and safety.
The manufacturing industry holds the most immense potential for IoT applications. According to an analysis completed by Huawei Wireless X Labs, the connections in the manufacturing sector worldwide will reach 12.5 billion by 2020, with factory networks accounting for US $50 billion(€42.61 billion) of the potential market.
At the start of 2017, X Labs targeted wireless robotics as one of its main focuses in wireless use case research. After over half a year of hard work, X Labs and its partners decided upon the Wireless Connected Factory SIG’s four research priorities, namely cloud-based programmable logic controllers (PLC), wireless industrial cameras, wireless controlled automated guided vehicles (AGV), and industrial wearables.
Xu Heyuan, deputy chief engineer of CAICT said: “The release of the ‘Internet plus advanced manufacturing’ guidelines will promote the development of the industrial Internet and upgrade the traditional manufacturing sector. Wireless distributed intelligent communication technologies are set to play a fundamental role in the transformation of the manufacturing industry.”
“The formation of the Wireless Connected Factory SIG will help accelerate the development of all related technologies. The Industrial Internet Industry Alliance is fully prepared to work with the SIG towards jointly exploring all associated technologies, standards, and industries.”
“The mission of exploring future wireless use cases lies with X Labs,” said Ying Weimin, Huawei Wireless Research and Development President. “Huawei hopes that SIGs such as those set up by X Labs can discover and inspire many more 5G use cases and promote 5G technologies’ application in future smart manufacturing. Such efforts will contribute to the rise of connected factories. Huawei will work diligently alongside its partners to simulate further growth and innovation.”
The meeting also witnessed the signing of several Memorandums of Understanding (MoUs) between Huawei and ABB, Hikrobot, Effort, Geely, and Beckhoff. MoUs help lay a solid foundation for additional cooperation between […]
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NTT Communications Corporation, the ICT solutions and international communications business within the NTT Group, and Secure-24 Intermediate Holdings, Inc. , a U.S.-based provider of comprehensive managed services, announced that their respective shareholders entered into a definitive agreement on November 13 (Japan Standard Time), pursuant to which NTT Com will wholly acquire Secure-24.
The demand for managed services is growing steadily worldwide and managed-IT services, one of Secure-24’s core businesses, are expected to see especially significant growth in the U.S. market.
Secure-24 specialises in delivering effective, comprehensive managed services that leverage proprietary, highly automated operation tools. Its clients represent Fortune 1000 companies in sectors including manufacturing, finance, pharmaceuticals, healthcare, insurance, government, transportation and more.
NTT Com will leverage Secure-24’s extensive portfolio of managed application and database services, including SAP, SAP HANA, Oracle, Hyperion, JD Edwards, Microsoft, Epic, custom, industry and other mission-critical applications.
Secure-24 is structured for continued growth, fueled by an in-house training academy that builds engineers from a mid-to-long-term perspective. In addition to over 100 industry and partner awards and acknowledgements, Secure-24 has been named one of Computerworld’s 100 Best Places to Work in IT for five consecutive years.
NTT Com and NTT Group companies including Dimension Data expect to combine Secure-24 services with NTT Group capabilities such as cloud to enhance their ability to meet hybrid IT requirements with high-quality managed services that are increasingly in demand worldwide.
“This acquisition brings the unparalleled service levels, application expertise, security and compliance support of Secure-24 to the global NTT community,” said Mike Jennings, CEO of Secure-24.
Going forward, NTT Com will continue supporting the business transformation of customers by steadily enhancing its IT functions and systems, including for evolving applications on cloud platforms, and thereby satisfy expanding needs for diverse, global managed services.
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By Zhaohan LI
This report was co-authored by Zhaohan Li and Liu Yu. Intern Zhang Duo also contributed to this article.
In afternoon of 14th July, the China Academy of Information and Communication Technology (CAICT) and ICANN Beijing Engagement Center jointly held the ICANN 59 China Internet Community Readout Session. Mr. Zhang Ya, Deputy Director of Information and Communication Authority under the Ministry of Industry and Information Technology (MIIT), made his presence and gave opening remarks on the meeting. Over 40 representatives from the Cyberspace Administration, the Ministry of Foreign Affairs, domain name registries and registrars, industrial organizations, institutes and universities participated in the seminar. The attendants introduced the developments of the ICANN 59 Johannesburg Meeting held from June 26 to 29 and further discussed the ICANN affairs and hot topics on the meeting. Paul Wilson, Director General of the Asia-Pacific Network Information Center (APNIC), and Duncan Macintosh, President of the APNIC Foundation, were invited to attend the meeting and exchanged views with members of the Chinese community on Internet governance issues.
ICANN 59 China Internet Community Readout Session
On the meeting, Mr. Zhang Jianchuan, Director of the ICANN Beijing engagement Center, outlined the overall situation of the 59th meeting. Guo Feng, Vice Chair of the Governmental Advisory Committee (GAC) introduced the progress of GAC meetings and participation in Empowered Community. Other attendants, including Chu Nan from CNNIC, Liu Limei from CONAC, Kan Kaili, from At Large Advisory Committee (ALAC), and Professor from Beijing University of Posts and Telecommunications, Pam Little from Alibaba Cloud, Tan Yaling from Teleinfo, introduced the progresses of topics including the ICANN country code Names Supporting Organization (ccNSO), work stream 2 of CCWG-Accountability, the next Generic Names Supporting Organization (GNSO) policy progress and community elections in new gTLD, the impact of the EU General Data Protection Regulation (GDPR) on domain name services, and names and trademark rights protection, and shared their feelings during ICANN 59.
Paul Wilson, Director General of APNICSome of the rough consensuses include: 1. Communities have begun to participate in Empowered Community (EC), but how could EC improve its operation is yet to be observed; 2. Extension of the CCWG WS2 timeline has been basically confirmed; 3. The next GNSO policy progress may be postponed after 2020 due to relevant reviews and policies; 4. The Chinese community should participate actively in GNSO, striving for their own interests and expanding the impact; 5. Carry out research on the impact of GDPR on domain name service compliance and find feasible solutions for the Chinese community. In addition, Song Linjian from the Worldwide Interconnection and Yao Jiankang from the CNNIC shared their experiences about the Domain Name System Security Extensions (DNSSEC) and KSK rollover. The whole seminar was moderated by Liu Yue from CAICT.
During the session, Paul Wilson appreciated the contributions of the Chinese community to ICANN affairs and looked forward to cooperation with more Chinese institutions for facilitating the Internet governance and development within the Asia-Pacific region. Paul Wilson also pointed out that the Asia-Pacific region encompasses a wide range of cultures due to its broad area span, and ICANN should continue to improve its diversity and enhance the representation of Asia-Pacific region. Asian countries should also take full advantage of the community and industry’s initiative, participate more in ICANN affairs and strive for greater benefits for their own users — APNIC will offer its support as usual. Duncan Macintosh introduced the APNIC Foundation and hoped to have further communications with the Chinese community to collaborate on projects.
Representatives all agreed that the Chinese community needed to strengthen communication and have further coordination, enhance the initiative and participation in depth, expand the Chinese community’s participation in ICANN activities and the mass base, as well as have further cooperation with other relevant departments, so as to better solve the Internet governance related issues, promote the development of China’s Internet domain name industry jointly and enhance the Chinese community’s voice and influence.
Written by Zhaohan LI
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MapR Technologies, Inc., provider of the Converged Data Platform that enables organisations to create intelligent applications that fully integrate analytics with operational processes in real time, introduced MapR Academy Pro, a new programme with comprehensive, advanced technical courses focused on training and certifying developers, data analysts and administrators. MapR Academy Pro builds on the success […]
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The Houston County Career Academy (HCCA), Central Georgia Technical College (CGTC) and PepsiCo’s Frito-Lay division have expanded opportunities for students throughout Houston County by introducing an industrial maintenance program. The program – a first for Houston County and potential model for other areas around the country – addresses local workforce needs by connecting students with technical training and employment opportunities within the community.
“This is an exciting opportunity for our students and community,” said Sabrina Phelps, principal at HCCA. “Our district is thrilled to work with Frito-Lay and CGTC to collaborate on this initiative to grow our own workforce by aligning our students’ training with industry needs. This workforce development effort with Frito-Lay and CGTC will meet local employment needs and also be a model for the state and nation.”
In Houston County and throughout Central Georgia, demand for industrial maintenance mechanics is alarmingly high. At the same time, the area faces a shortage of highly skilled workers. The same is true nationally, where nearly three-and-a-half million manufacturing jobs will likely be needed in the next decade, and two million manufacturing jobs are expected to go unfilled due to the shortage of skilled labor.
“At Frito-Lay, our business – and the way we do business – continues to transform. Ensuring we have highly skilled, qualified mechanics in place to manage the technical aspects of our operations is critical,” said Gregg Roden, senior vice president of supply chain at Frito-Lay. “Innovative staffing solutions like the HCCA Industrial Maintenance program in Perry, Ga. will help ensure we have a pipeline of talent to fill high-tech roles now and in the future, while giving students a career path to ensure their future success.”
Through the HCCA Industrial Maintenance program, junior- and senior-level students will receive elective high school credits, as well as college credits from CGTC for learning basic engineering and maintenance skills. These skills will prepare students for entry-level employment in manufacturing roles upon graduating from high school. This includes an opportunity to train with industrial mechanics; learn how to repair, troubleshoot and maintain automated equipment; and get hands-on experience in hydraulics, machine alignment, electricity and mechanical fundamentals.
Upon completion of the program, students will be eligible to interview for Frito-Lay’s apprenticeship program, which pairs entry-level associates with mentors at Frito-Lay’s Perry, Ga. facility for on-the-job training while they work to complete their associate’s degrees.
Enrollment for the HCCA Industrial Maintenance program began in late 2016 and continues through April, 2017. Coursework begins in fall, 2017. More information is available at www.hcca.hcbe.net.
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IBM has announced an array of new services, industry offerings and capabilities to help enterprise clients, startups and developers drive digital transformation with the Internet of Things (IoT). With the number of connected devices skyrocketing, IBM is making IoT accessible to millions around the world. IBM is dedicating more than 1,500 industry experts with its new Watson IoT Solutions, as well as giving open and free access to its Watson IoT Platform.
The announcement follows Forrester Research naming IBM a leader in its Wave report on IoT software platforms. In ‘The Forrester Wave: IoT Software Platforms, Q4 2016,’ Forrester analyzed and scored 11 IoT software platform vendors, identifying IBM as a leader, citing “The Watson IoT Platform can serve a broad range of advanced IoT use cases.” The report also notes “IBM has added significant capabilities to the platform, including augmented reality, cognitive capabilities, blockchain, edge analytics, analytics tooling, and natural language processing, to name a few. With a strong commitment to open source standards and a robust global partner ecosystem, IBM is well positioned for market leadership.”
“The Internet of Things is making an enormous impact on our lives and helping to spur even deeper levels of innovation for those developing the connected devices and products of our future,” said Harriet Green, General Manager, IBM Watson IoT, Commerce and Education. “IBM is helping knock down the barriers to getting started with IoT, making it accessible for clients as they begin their digital transformation.”
To help clients across industries capture the massive business opportunity of the digitization of the physical world, IBM is launching the industry’s first global IBM Watson IoT Consulting Solutions practice. The practice will feature 1,500 experts across IBM Watson IoT headquarters in Munich, Germany and in eight other IBM IoT centers across Asia, Europe and the Americas. By integrating IBM Watson IoT Platform APIs and technologies, including cognitive, analytics, mobile, security and cloud capabilities, together with development and implementation consulting and ongoing support, clients can fully use the IoT without the risk and complexity of dealing with multiple vendors.
“Clients can now easily introduce IoT innovation into their business by leveraging IBM’s industry and technical expertise to deliver lower risk, as-a-service commercial models. We are very proud our integrated IoT solutions deliver innovation in an easy to consume model for business leaders,” said Jesus Mantas, General Manager, Business Consulting, IBM. “We are helping clients accelerate the digitization of their business processes by making it easy to deploy IoT solutions globally into their business.”
According to IDC analysis and buyer perception, IBM is a leader in the IDC MarketScape for IoT consulting and systems integration services worldwide.
The IBM Watson IoT Consulting Solutions practice will employ a global network of skilled consultants, data scientists and design and security experts with deep domain and industry expertise, all dedicated to providing clients with guidance on tackling industry specific IoT adoption challenges. The first priority industries include automotive, electronics, industrial products, insurance, retail, telecommunications, transportation and buildings. Clients can apply Watson cognitive computing capabilities, including machine learning and natural language to tap into massive amounts of unstructured data — such as videos and sounds –- to gain insights and augment decision making.
Ricoh, a global technology company that has been transforming the way people work for more than 80 years, is one of the first global organizations to work with the new IBM IoT consultants to redesign their engagement model and help its clients embrace intelligent workplace solutions designed to improve office collaboration and innovation.
“Ricoh is helping customers meet the needs of constantly changing workstyles in the ‘new world of work,’ where information is at the heart of every successful business decision,” said Mona Abutaleb, SVP, Services, Ricoh Americas and President & CEO, mindSHIFT Technologies, Inc., a Ricoh company. “We are teaming with IBM and combining our knowledge and expertise to deliver Ricoh’s ‘Workstyle Innovation Technology,’ which helps our clients collaborate and share information more easily and efficiently.”
In addition to the new Watson IoT Consulting Solutions practice, IBM also is announcing new industry offerings available via its Watson IoT Platform, including IBM Watson IoT for Manufacturing and Asset Health Insight, designed to help clients address industry-specific IoT adoption challenges and opportunities. Manufacturing is one of the largest opportunities in IoT, with McKinsey estimating IoT applications in factory settings to have the potential to create value of $1.2 trillion to $3.7 trillion per year in 2025.
Now, using IBM Watson IoT for Manufacturing, businesses will be able to better manage factory equipment and assets, improve manufacturing processes and manage production resources more effectively. For example, the new capabilities include intelligent assets and equipment to sense, communicate and self-diagnose issues to improve machinery performance and reduce downtime. Using Asset Health Insights together with IBM Prescriptive Maintenance, organizations can maintain assets based on current asset condition using advanced analytics and data around weather, asset performance and maintenance. Additional industry offerings on the IBM Watson IoT Platform include IBM Watson IoT for Automotive, IBM Watson IoT for Electronics and IBM Watson IoT for Insurance.
Via a new collaboration with Aras, the two companies are bringing together IBM’s leading Application Lifecycle Management solution with Aras’ Product Lifecycle Management platform to help engineers integrate the complex hardware and software development processes necessary to make the smart, connected products of the future.
Developers and Start-Ups Tap IBM Watson IoT Platform
IBM is already working with over 50,000 developers around the globe to help them to get up and running on the IBM Watson IoT Platform. Just seven months ago, IBM teamed up with Coursera, the education platform that partners with top global universities and organizations to offer online courses, to create and launch “A developer’s guide to the IoT,” a course that already has more than 22,000 registrants.
The IBM Watson IoT Platform, a security-rich, scalable and open platform, let’s developers quickly connect, build, launch and manage IoT applications and solutions. To help make creating and developing IoT applications more accessible than ever before, IBM will offer:
- Free access to IBM Watson IoT Platform: For businesses who are just starting out on IoT and developers testing out and exploring new IoT innovations, IBM offers open and free access to the IBM Watson IoT Platform development capabilities. As projects grow, developers can then take their prototypes and scale to full production to meet business needs.
- IoT education courses: To help the new wave of technical innovators learn how to develop IoT applications, IBM continues to offer industry-leading learning classes, via its collaboration with Coursera, and via new, easily consumable IoT learning tutorials on IBM’s open Watson IoT Academy. These tutorials, led by IBM subject matter experts, include an introduction to programming a Raspberry Pi; how to use Natural Language Processing; and how to use Node-RED, the open source visual programming tool set that is becoming a standard for building connected IoT programs.
To find out more, please visit www.ibm.com.
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SAP SE has announced new business services and key functions for SAP HANA Cloud Platform, making it the agile cloud innovation platform for enterprises worldwide. The new features include support for virtual machines, prebuilt integrations for Ariba Cloud Integration Gateway, beta versions of workflow and business rules services as well as smart data streaming for high-speed Internet of Things (IoT) scenarios. These features enable enterprises to bridge on-premise and cloud landscapes, extend existing technology investments to deliver channels such as mobile and IoT and drive new digital transformation initiatives. Additionally, SAP announced it has reached the first milestones in its partnership with Apple with the delivery of early-adopter programs for the new SAP HANA Cloud Platform SDK for iOS and SAP Academy for iOS.
“We are extending our enterprise platform-as-a-service leadership by supporting our customers and partners through their digital transformation journey as they strive to become an agile business and optimize their business processes end-to-end,” said Bjoern Goerke, president, SAP HANA Cloud Platform, SAP. “The new business services can help our customers to fully embrace their innovation agenda at development speed and deployment flexibility that they have never seen from SAP before, making our SAP HANA Cloud Platform even more attractive to enterprises on their digital transformation journey.”
In cooperation with SAP, Robert Bosch GmbH (Bosch) has recently announced the launch of a new parking app for truckers, Bosch Secure Truck Parking. “We are bringing the parking lot to the Internet,” said Jan-Philip Weers, manager of the truck parking project at Bosch. “Leveraging technology from Bosch in conjunction with SAP HANA Cloud Platform, we developed an IoT solution that connects people, processes and businesses. It allows parking lot operators to share available parking spots and drivers to reserve spots and park their trucks efficiently throughout their road trips. This solution is keeping truck drivers and cargos safe across Europe while potentially saving billions in cargo theft.”
New Features Connect More People, Processes and Businesses
Added integration accelerates access to applications running on SAP HANA Cloud Platform. It includes:
- SAP HANA Cloud Platform virtual machine helps customers bring more applications into the cloud. It helps complete solution landscapes by adding workloads based on existing on-premise software or languages and runtimes that run directly on SAP HANA Cloud Platform.
- Ariba Cloud Integration Gateway will have prebuilt cloud integrations for plugging SAP HANA Cloud Platform into Ariba Network, the vast customer and supplier network. This will make it easier to connect buyers and sellers for secure transactions. Ariba Cloud Integration Gateway will be generally available in a few weeks.
- SAP API Business Hub provides a catalog of APIs of SAP solutions. New APIs are added daily to make it even easier to build and test new functionality and applications. Examples of new APIs include the SAP S/4HANA Finance solution, the SAP S/4HANA Marketing Cloud solution, the SAP Hybris Product Content Management solution and the SAP Vehicles Network solution.
New Business Services Enable Companies to Develop and Extend Applications
- SAP HANA Cloud Platform, workflow service, in the beta version enables the fast, easy connection between business functions. Its graphical interface enables business analysts to create workflows quickly to orchestrate a sequence of tasks across different users and organizations.
- SAP HANA Cloud Platform with business rule functionality in the beta version will enable business and key users to change and embed business logic into a business process without rewriting the application. This functionality increases flexibility and ease in tweaking business processes without downtime or negative business impact.
- SAP Data Quality Management, microservices for location data, help ensure clean data by providing data validation and enrichment for addresses and geocodes within any application or environment. It will be generally available in a few weeks.
New Capabilities to Help Companies Detect, Process and Report Events
- SAP HANA Cloud Platform, smart data streaming, analyzes and transforms high-velocity, high-volume data streams in real time, allowing applications to detect and respond to changing conditions in real time. Smart data streaming provides the basis to compute and capture useful information in the SAP HANA platform.
- The SAP Smart Business service provides business users easy access and management of critical key performance indicators to monitor business processes in real time and take action.
- SAP HANA Cloud Platform predictive services is a set of readily-integrated Web services that delivers predictive analytics insights to applications running on SAP HANA Cloud platform. Using the automated predictive library of SAP HANA, data scientists do not need to build models from scratch and users can benefit from advanced insights readily available in apps running on SAP HANA Cloud Platform.
First Deliverables of Partnership with Apple for Native Mobile Development and Deployment
SAP and Apple announced a partnership in May 2016 to help enable workers to access the critical enterprise data, processes and user experience they need to make decisions and take action right from their iPhone or iPad.
- SAP HANA Cloud Platform SDK for iOS – An early-adopter program for the new software development kit (SDK) is currently being rolled out to select customers and partners. The SDK provides developers, partners and customers the tools to build their own enterprise-grade native apps for iPhone and iPad quickly and efficiently. This will help boost development productivity and quality, and deliver live data to people wherever and whenever they work.
- SAP Academy for iOS – A preview version of the new academy is available to select customers and partners. Designed to provide the education, training and tools to enable the SAP ecosystem of developers to take full advantage of the deliverables of the SAP and Apple partnership, the academy is planned for availability in Spring 2017. Initial content for the academy includes mobile developer support for the SAP HANA Cloud Platform SDK for iOS that focuses on how to build native apps for iPhone and iPad using the SAP Fiori for iOS design language. Training is also provided for designers for SAP Fiori for iOS based on specific design guidelines.
- Customer MAPAL, a manufacturer of precision tools, is a part of the early adopter program and has taken advantage of the new methodology and design approach of the SDK to build a native iOS app using Swift. Based on SAP HANA Cloud Platform, the SDK can make the management of data more efficient and transparent, and transform interaction with MAPAL’s customers. The company’s tool managers can now view relevant information about a tool on their iPad and tap into additional services anywhere, at any time through a modern user interface, designed with SAP Fiori for iOS, which can be used as intuitively as any consumer app.
To find out more, please visit go.sap.com.
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A few brief notes today…
Data Dump: PitchBook released its third quarter report on the private equity middle market. A few takeaways: Middle market deal volume continues to be on pace for a slower year than last year–as of Q3, we’re at 9.7% fewer transactions than last year. Good targets are hard to come by. Good exits are hard to come by, too. (Year-to-date they’re down 20% from the same period last year.) Median deal size is slightly down. Fundraising is on pace for a 9% drop.
It’d be easy to blame the election for the slow-down–investors often tend to take a wait-and-see approach–but PitchBook attributes the lag to market fundamentals that have been going on since before this election season. (So, since the beginning of time.) A bright spot: Add-on deals and niche specialist firms are driving the market.
Speaking of the Election: PE pros seem to have mixed emotions about its effect on the market. On one hand they’re hopeful that deal volume will pick up after the uncertainty ends on November 8. On the other hand, Nov. 8 may only bring more uncertainty. And as noted above, the macro trends are not moving in the right direction.
Bright Spots: A slow-down in mid-market exits makes the handful of them that do happen more noteworthy. Here’s one from today: KPS Capital Partners sold Anchor Glass Container Corporation to CVC Capital for $1 billion. It’s a quick turnaround for the glass packaging product company, which KPS bought two and a half years ago from parent company Ardagh Holdings USA. KPS spent “tens of millions” on the company’s facilities, increasing revenue by 60%. A source familiar with the situation says the firm earned a 5x return on its capital invested.
Digression: In addition to writing Term Sheet every morning, I cover a handful of Fortune 500 tech companies, including Facebook.
I won’t bore you with the gory details of the tech giant’s third quarter earnings call last night, such as why investors hated 166% revenue growth and 45% profits, or why one adverb did the company in, or why I think Facebook’s winning streak may be ending. But if you happen like those kinds of gory details, you can read about them here.
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[ts_bullet_primary] Hollar, a Santa Monica, Calif.-based online dollar store, has raised $30 million in Series B funding. Kleiner Perkins Caufield & Byers led the round, and was joined by Comcast Ventures, Greycroft Partners, Lightspeed Venture Partners, Index Ventures, Forerunner Ventures, and Pritzker Group. Read more at Fortune.
[ts_bullet_primary] Catchpoint Systems, a New York City-based digital performance analytics company, has raised $22.5 million in Series C funding. Sapphire Ventures led the round with participation from Battery Ventures.
[ts_bullet_primary] Zipongo, a San Francisco-based nutrition app, has raised $18 million in Series B funding. Mayfield led the round, and was joined by Excel Venture Management.
[ts_bullet_primary] Droit Financial Technologies, a New York City-based provider of software that automates derivatives trade compliance, has raised $16 million in Series A funding. Goldman Sachs, Pivot Investment Partners and Wells Fargo led the round, with participation from DRW.
[ts_bullet_primary] Recondo Technology, a provider of revenue management software, has raised $16 million in debt and equity. Lehmi Ventures led the round, and Bridge Capital provided debt.
[ts_bullet_primary] Owlet Baby Care , a Lehi, Utah-based maker of a baby monitor that includes heart rate and oxygen level measurements, has raised $15 million from Institutes of Health (NIH), Eclipse and Eniac, Trilogy Equity Partners, the Amazon Alexa Fund, RTP-HC, Capital Integral, and Broadway Angels.
[ts_bullet_primary] PlushCare, a San Francisco-based telemedicine company, has raised $8 million in Series A funding in a round led by GGV Capital and LightSpeed Venture Partners.
[ts_bullet_primary] Oben, a Pasadena, Calif.-based startup that uses selfies to make 3D models in virtual reality, has raised $7.7 million in funding. CrestValue Capital, DunAn Group in China’s investment arm, led the round, and was joined by Cybernaut Westlake Partners, and Leaguer Venture Investment.
[ts_bullet_primary] Borrowed & Blue, a Charlottesville, Va.-based wedding vendor marketplace, has raised $7 million in Series A funding. Foundry Group led the round, and was joined by Foxhaven Asset Management, Accomplice VC, Galvanize Ventures, and Service Provider Capital.
[ts_bullet_primary] Zarget, a Walnut, Calif.-based marketing automation platform, has raised $6 million in Series A funding. Sequoia led the round, and was joined by Accel and Matrix.
[ts_bullet_primary] Simulity Labs, a Welsh IoT development company, has raised ?4 million ($5 million) in funding from Foresight Group.
[ts_bullet_primary] CollegeVine, a Cambridge, Mass.-based provider of high school mentoring for college applications, has raised $3.1 million in Series A funding. Morningside Technology Ventures led the round, and was joined by University Ventures.
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[ts_bullet_primary] StyleStage, a New York City-based data analytics company for retailers, has raised $2 million in seed funding. Trammell Venture Partners led the round, and was joined by Sonae IM, Sonae’s VC arm.
[ts_bullet_primary] Octane AI, a San Francisco-based bot creation platform co-founded by Ben Parr, the managing director of early-stage VC firm DominateFund, has raised $1.5 million in seed funding. General Catalyst led the round.
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[ts_bullet_primary] Canyon Bridge Capital Partners has agreed to acquire Lattice Semiconductor Corporation, a maker of programmable logic devices, for approximately $1.3 billion, or $8.30 per share, a 30% premium on the company’s Wednesday’s trade price.
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[ts_bullet_primary] Genstar Capital-owned Mercer Advisors has acquired Pegasus Advisors LLC, a Dallas-based investment advisory firm. No financial terms
[ts_bullet_primary] Ocean Rig Partners LP, a Cyprus-based offshore rig operator, has withdrawn its IPO registration. The company originally filed in October 2014, with plans to raise $305 million on the Nasdaq under the symbol ORLP.
[ts_bullet_primary] CVC Capital Partners and BA Glass have agreed to acquire Anchor Glass, a glass-packaging provider owned by KPS Capital Partners, for over $1 billion.
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[ts_bullet_primary] Relay Ventures, a Canadian venture firm that invests in mobile software companies, has raised $150 million for its third fund.
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[ts_bullet_primary] John Perkins and Christy Carter have both joined the Boston Consulting Group as a partners. Perkins was previously managing director at Houlihan Lokey, an investment bank. Carter was most recently at CCMP Capital.
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[ts_bullet_primary] James Buzzard has joined Advent International as an operating partner. He was previously president of global packaging company MeadWestvaco Corporation.
[ts_bullet_primary] David Green is joining Meketa Investment Group as a senior director in the firm’s London office. He was previously the director of Gorst Capital.
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The World IoT Expo was jointly hosted by the Chinese Ministry of Industry and Information Technology, the Chinese Ministry of Science and Technology and Jiangsu Provincial People’s Government. Jointly supported by the Chinese Academy of Sciences (CAS), International Telecommunication Union (ITU), Institute of Electrical and Electronics Engineers (IEEE), Global Standard 1 (GS1) and Auto-ID Labs, and it is currently the largest and highest scale national-level exposition of the Internet of Things sector in China.
The China International IoT Expo has been held annually since 2010, and has become widely known over the past six years. This October, approved by the CPC Central Committee and State Council, it was renamed as tthe World Internet of Things Exposition. Compared with previous years, this year’s event boasted a larger scale, higher-level participants and more advanced technologies. With numerous exhibits and upgraded technologies, the event fostered a new beginning for the Internet of Things Exposition.
With the theme of “Create IoT Era, Share Global Intelligence”, this expo consisted of various activities including the IoT Wuxi Summit, the main exhibition of IoT applications and products, the China National College Innovation Competition of IoT Applications and the 4th Meeting of the Governing Group of Wuxi National Sensor Network Innovation Demonstration Zone. The IoT Wuxi Summit invited guests from home and abroad, such as the president of the International Organization for Standardization (ISO) Zhang Xiaogang and deputy secretary-general of ITU Malcolm Johnson, to deliver keynote speeches. The speakers also included Khalil Najafi, professor of the Electrical and Computer Engineering Division at the University of Michigan; Nadia Magnenat Thalmann, founder and head of the MIRALab Research Laboratory at the University of Geneva; Alain Crozier, head and chief executive of Microsoft Greater China Region; Wu Hequan, academician of the Chinese Academy of Engineering; Wang Jian, chief technology officer at Alibaba; Zhang Shunmao, the president of Huawei Marketing and Solutions and Liu Haitao, chairman of World Sensing Net Group (WSN Group). In addition to an IoT competition for college students and a job fair, the event also included a press conference for releasing the construction plan for a world-class “Internet of Things town” to promote the development of Wuxi’s IoT industry.
The IoT Wuxi Summit had the following features:
- It was a prospective event with topics focusing on the latest IoT issues. The topics mainly included smart manufacturing, smart environmental protection, smart healthcare, information security, sensors, big data and finance.
- It was a professional event. The organizers and sponsors of the summit were composed of authoritative government departments and prestigious research institutions at the national level, including the Chinese Academy of Sciences, Chinese Academy of Engineering, Chinese Research Academy of Environmental Sciences, Statistical Information Center of the National Health and Family Planning Commission, China Information Technology Security Evaluation Center, Software and Integrated Circuit Promotion Center (CSIP) of the Ministry of Industry and Information Technology, China Electronics Standardization Institute, National Institute of Metrology and Chinese Association for Artificial Intelligence.
- It was an international event attracting industrial leaders from all over the world. Most of the speakers in attendance are heads of international organizations, famous entrepreneurs, and directors of national think tanks.
More than 3,000 guests from 23 countries and regions attended the exhibition, including 10 ministerial leaders, and 24 academicians of the Chinese Academy of Sciences and Chinese Academy of Engineering, directors of international associations, the inventor of the COMS integrated circuit and the founder of MEMS Research Center in Singapore. Participants also included senior managers from State-owned companies such as China Railway, State Grid, Sinopec, PetroChina, Aviation Industry Corporation of China. In addition, professors from MIT, University of Colorado, University of Michigan, University of Cincinnati, University of Washington, University of Geneva of Switzerland, Tsinghua University were also in attendance. Managers in charge of technology at overseas companies including IBM, Siemens, Microsoft, Bosch, GE, Nokia, NTT, SK Telecom, ARM, Kaspersky, Honeywell and Tesla Motors, as well as domestic ones, including China Mobile, China Telecom, China Unicom, Huawei, Lenovo, Inspur, Haier, Midea, Foxconn, Alibaba, Baidu, Tencent, JD.com, Qihoo 360 and Neusoft also took part of the event.
With its exhibition area expanded to 50,000 m2from 32,000 m2, the expo accommodated 489 exhibitors that demonstrated technology applications and practical cases to visitors with interactive displays. Companies participating in the Expo included names like IBM, Siemens, OMRON, ARM, Infineon Technologies, China Telecom, China Mobile, China Unicom, XCMG, China North Industries Group Corporation, Aisino Corporation, Huawei, ZTE, Alibaba, Tencent, JD.com, AsiaInfo, Hikvision and Lenovo.
Find out more information and news about the event by visiting www.wuxinews.com.
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By Alex Woodie
Here’s some good news for young data science professionals looking for that first job: your skills are in high demand and will help you land a job with an average starting salary close to $120,000. But there’s also some bad news: the field is evolving so quickly that you will continually need to refresh your skills.
Welcome to the world of big data analytics, where the only constant seems to be constant change. You may not believe all the hype about big data, and that’s fine. But that really doesn’t matter when you consider how desperate companies in the real world are to find people with the right combination of data science skills to work magic upon the data.
The intense demand for data scientists and professionals with related skills (data analyst, data engineer, data whisperer, etc.) was first identified years ago. Gartner famously stated we’d be 100,000 data scientists shy of demand by 2020, while the storied management services firm McKinsey pegged the shortage at nearly twice that amount, with 60% of available data science jobs going unfilled.
Those numbers seem to be borne out by statistics from the job sites. A search for “data scientist” returns 29,500 hits on Glassdoor, which lists data scientist as the number one job in the country, with a base salary of nearly $117,000 (but curiously, only about 1,700 job openings for “data scientist”). Another job board at Indeed currently has about 21,000 openings for jobs involving data science. That gives you an idea of the huge demand for data science jobs around the country.
What’s more, the data science employment gap seems to be getting wider. “The supply and demand ratio will never catch up at this point, not in our lifetime,” says Jim Deters, the co-founder and CEO of Galvanize, a provider of bootcamp-style data science training courses that just graduated its 1,000th student last week. “I don’t see where supply ever catches demand anywhere in the near term.”
Galvanize was one of the first data science bootcamp programs to get started back in 2013, and currently it has nearly 100 faculty members at campuses across the country leading 12-week data science courses and six-month data engineering courses that students pay a five-figure fee to attend. Deters claims that Galvanize is the largest such program in the country, and he might be right. But regardless of that, the gap between the availability of data science skills and demand seems to be getting bigger, not smaller.
“In the grand scheme of things, it’s a tiny drop in the bucket,” Deters says of graduating his 1,000th student. “Companies are starving for more skills. They’re looking to attract and retain net new talent, and they’re looking to recruit from schools like Galvanize and other schools, but also retool their employees.”
Bootcamp-style data science programs are growing nationally (CA Eccles/Shutterstock)
Other bootcamps besides Galvanize are seeing success with their 12-week data science programs, including NYC Data Science Academy, which starts its next program on September 26. “You will develop expertise in R, Python, Hadoop and Spark in just 12 weeks, while enjoying our support as we help you lift your career,” the company says on its website. You can also get a fully-immersive data science bootcamp experience from places like Metis, Kaplan, RSquare Edge, General Assembly and BitBootcamp. (For a full list of bootcamps see “What’s Hot This Summer: Data Science Bootcamps.”)
While data science bootcamps are favored by those looking to add specific skills, such as learning Python or Spark–or by middle-aged professionals looking to change careers–younger students are increasingly getting exposed to data science at four-year colleges and universities.
According to Datascience.Community, there are more than 600 college-level data science programs in existence around the world offering certificates or bachelor’s, master’s, or doctorate degrees in data science, with the vast majority of them in the United States. Many of the programs don’t include “data science” specifically in the title, but use another names, like the Decision Analytics track of the Operations Management master’s degree offered by the University of Alabama, or the Hybrid MBA with Business Analytics and Technologies Concentration available at the University of California, Davis.
One of the latest universities working to develop a data science program is the Massachusetts Institute of Technology (MIT). According to MIT professor Devavrat Shah, MIT will be launching a pair of new programs this fall.
The first is an online bootcamp-style course taught by MIT professors and offering a certificate in data science, which will be offered through a new interdisciplinary center Shah spearheaded called the Statistics and Data Science Center.
The second new MIT program is a new undergraduate program in statistics and data science that students can take as their minor. Eventually, perhaps a few years from now, MIT will offer a full doctorate degree in data science.
“There are lots of masters level programs in data science, but we believe the right way to do this is to bring statistics and data science together, and offer the proper foundational graduate PhD program,” Professor Shah tells Datanami.
The University of Notre Dame last month unveiled a 21-month online master’s of data science program sponsored by AT&T that students can take online
Other colleges unveiling new data science programs this fall include Marquette University, University of Notre Dame, Johns Hopkins University, and Montana Tech.
“Data science is a complex and incredibly dynamic field,” Thomas A. Longstaff, co-chair of the data science program, says in a statement on the university magazine website for Johns Hopkins “The worldwide demand for deep technical expertise in data science has already begun to skyrocket.”
John Philosophos, a business development partner at Great Oaks Venture Capital, who lobbied Marquette to add data science curriculum, called the shortage an “acute national problem.” “With the proliferation of data sets from the explosion of the internet of things, demand for data scientists will grow exponentially,” the Milwaukee Journal Sentinal quotes him as saying.
As universities and bootcamp programs scale up to meet demand, one thing is becoming clear: the pace of change is likely to accelerate. That creates an opportunity for people with the right set of skills.
“This industry in general is moving so quickly,” Galvanize’s Deters says. “The tools are changing rapidly. We teach people to be auto-didactic. We each that you have to learn how to learn, you have to be constantly evolving and adapting and moving with adoption of skills and with the changes of tools and technology.”
Knowing your way around Hadoop was a hot skill five years ago, and now Spark is the next “big thing.” Many big enterprises are adopting distributed Kafka systems for managing streaming data, while a host of other development frameworks like Apache Flink and Apache Beam promise to uproot the big data applecart with even higher levels of real-time productivity.
But at the end of the day, without properly trained people to make the technology work, the technology is nothing but a bunch of bits and bytes.
“Everybody is a software company and everybody’s a data company. Whether they like it or not, that’s the reality,” Deters says. “The investments that people are making now are going to decide which companies are going to be the ones that thrive in the next five to 10 years. If you don’t have the human capital, you’re screwed. You’re throwing the keys to a Ferrari to a toddler. You’re not going anywhere.”
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