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2024 will see 50 per cent of Operational Technology (OT) systems connected to corporate IT systems in North Asia, up from 38 per cent in 2023. Only 13 per cent surveyed are at an advanced level of readiness to deal with IT/OT security, with 60 per cent at basic level. 73 per cent of organisations say they're planning to fully or partially outsource IT/OT security to a third party. HONG KONG, April 18, 2024 /PRNewswire/ -- Telstra International, the global arm of leading telecommunications and technology company Telstra, has revealed that low levels of security maturity in operational technology (OT) and information technology (IT) across North Asia could put businesses who are rapidly adopting the fourth industrial revolution (4IR) technologies at major risk, according to Telstra's "Securing Industry 4.0: The Challenges and Opportunities of IT/OT Convergence" study. Telstra International commissioned technology research company Omdia to evaluate the state of OT and IT convergence in North Asia, assessing maturity, benefits and opportunities. The study of 250 business and technology leaders in the mainland China, Hong Kong, Japan, Korea and Taiwan region, found only 13 per cent of businesses are at an advanced level of readiness to deal with IT/OT security, with most businesses (60 per cent) only at basic level. In the race to Industry 4.0*, digital and data-centric businesses are flocking to technologies like Internet of Things (IoT), AI, and big data to accelerate digital transformation. This is fuelling the integration of previously separate functions across OT and IT, to streamline and enable data flow for industrial operations in sectors like manufacturing, healthcare, retail/wholesale, transport, logistics and shipping. With 85 percent of businesses expecting benefits from IT/OT convergence, the rush to integrate is accelerating. The coming year will see 50 per cent of OT systems to be connected to corporate IT systems. This is up from 38 per cent last year, while 76 per cent of North Asia businesses have already digitised some existing manual processes. "As businesses rush headlong into a digital-first era of new technologies, they face heightened cybersecurity risks arising from an accelerated convergence of IT and OT systems. The race to integrate previously unconnected systems is exposing significant operational siloes and significant gaps in the ability to mitigate the emerging cybersecurity risks. Companies pursuing IT/OT integration must find the people, partners, skills and technology to pave a secure path to success," said Paul Abfalter, Head of North Asia, Telstra. IT/OT security a different beast While there are many benefits of IT and OT convergence, businesses are grappling with several major barriers to successful implementation. One glaring capabilities gap is the need for specialised skills that cover both IT and OT security as threats to IT systems are now directly impacting OT systems. The Telstra-Omdia study reveals that 88 per cent of organisations have had to manage a security incident that had a direct impact on OT production environments, while 74 per cent of attacks affecting critical infrastructure operations can be traced back to corporate IT systems. Interestingly, only 26 per cent of today's attacks tracked back to OT systems. Such systems have traditionally not been connected to the Internet and therefore potentially pose an event greater risk from a cybersecurity perspective. The emergence of this new risk vector is causing 73 per cent of organisations to say they plan to fully or partially outsource IT/OT security to a third party. "Hackers are becoming more sophisticated in accessing unencrypted or unsecured IoT devices to exploit commercially sensitive data or traverse across devices into other systems. This can disrupt operations and cause significant financial damage to organisations," said Adam Etherington, Senior Principal Analyst for Digital Enterprise Services at Omdia. Etherington continued, "Today's heightened cyber risks create reactive spending on cyber tools and services, but these can add even further complexity and risks. Addressing the IT/OT security challenge requires a single pane of glass to gain visibility across the new converged infrastructure of Industry 4.0 businesses, but gaining visibility is just the first step to identifying, responding and protecting against such threats. Holistic strategy, industry frameworks and expert partners will all be key to solving this critical challenge." North Asia maturity levels below par Common IT/OT convergence activities include unifying production infrastructure, sensors, and physical systems within data centres, digital platforms, and networks. Many of these stem from IoT implementations, with mainland China and Korea the largest adopters of IoT today in Asia, according to IDC. While mainland China, Hong Kong and Singapore are also the three fastest growing markets. Less than half (44 per cent) of North Asia businesses surveyed have reached "operational" or "advanced" maturity levels in securing OT. The study highlights that South Korea and Hong Kong are relatively more mature in IT/OT cybersecurity than the rest of North Asia – registering 52 per cent and 45 per cent of firms reaching "operational" or "advanced" maturity (see below figure). But similarities between locations underscores an overall lack of preparedness that cybersecurity executives must address. From an industry perspective, manufacturing was found to be the least prepared of all sectors with only 38 per cent in the region saying they had reached "operational" or "advanced" maturity. This should not be a surprise with the historic heavy emphasis on manual processes and manual labour in many manufacturing operations leading to a lack of integration across operations and slow adoption of digital technologies compared to other industries. This past reluctance to adopt technology is now a major driver for the accelerated push for industry 4.0 adoption and sector-wise transformation. For more details, please click on the link below to download the research report:click here for full report * Industry 4.0 encapsulates strategically leveraging advanced technologies, like cloud, AI, IoT and others, and new business models in harmony with legacy systems to optimise scale, resilience, and efficiency in critical infrastructure sectors at levels beyond historical precedents for commercial success. About Telstra International Telstra is a leading telecommunications and technology company with a proudly Australian heritage and a longstanding, growing international business. Today, Telstra International has over 3,200 employees based in more than 30 countries outside of Australia, providing services to thousands of business, government, carrier, and OTT customers. Over several decades we have established the largest wholly owned subsea cable network in the Asia-Pacific, with a unique and diverse set of infrastructure that offers access to the most intra-Asia lit capacity. We empower businesses with innovative technology solutions including data and IP networks, and network application services such as managed networks, security, unified communications, cloud, industry solutions, integrated software applications and services. These services are underpinned by our subsea cable network, with licences in Asia, Europe and the Americas and access to more than 2,000 Points of Presences (PoPs) in more than 200 countries and territories globally. In July 2022 Telstra completed the acquisition of Digicel Pacific, the largest mobile operator in the South Pacific region. For more information, please visit https://www.telstrainternational.com/en
Fujitsu to deploy Oracle Alloy as part of its hybrid IT solutions KAWASAKI, Japan and TOKYO, April 18, 2024 /PRNewswire/ -- Fujitsu Limited and Oracle are collaborating to deliver sovereign cloud and AI capabilities that help address the digital sovereignty requirements of Japanese businesses and the public sector. With Oracle Alloy, Fujitsu will expand its Hybrid IT offerings for Fujitsu Uvance, which helps customers grow their businesses and solve societal issues. Fujitsu will be able to operate Oracle Alloy independently in its data centers in Japan with additional control over its operations. Fujitsu will deploy Oracle Alloy, a cloud infrastructure platform that provides more than 100 Oracle Cloud Infrastructure (OCI) services, including generative AI, as part of its Fujitsu Uvance Hybrid IT portfolio, which supports customers with on-premises and cloud-based infrastructure. This will enable businesses and the public sector to utilize sovereign cloud infrastructure and sovereign AI directly from data centers operated by Fujitsu in Japan. Oracle is a leading hyperscaler capable of delivering AI and a full suite of 100+ cloud services locally, anywhere. Based on the knowledge accumulated through use cases in the Japanese market, Fujitsu will actively consider expanding Oracle Alloy to other markets. Kazushi Koga, SEVP, Fujitsu Ltd., said, "Fujitsu has been working with partners who have strengths in their respective fields to solve customers' challenges as part of its Fujitsu Uvance Hybrid IT offerings. Our collaboration with Oracle positions us to deliver a sovereign cloud offering that enables hyperscale functionality and digital sovereignty capabilities while ensuring operational governance by Fujitsu." Scott Twaddle, senior vice president, Product and Industries, Oracle Cloud Infrastructure, said, "With Oracle Alloy we will be bringing our best cloud technologies to help Fujitsu's customers transform and modernize their businesses and society. Fujitsu's sovereign cloud approach in Japan is a testament to their forward-looking technology strategy. We look forward to continuing to partner with Fujitsu to bring cloud services to more customers around the world." Toshimitsu Misawa, member of the board, corporate executive officer and president, Oracle Japan, said, "This strategic collaboration with Fujitsu is an important step forward in delivering a cloud that addresses the digital sovereignty requirements of Japanese businesses and the public sector. Fujitsu and Oracle will continue to promote the use of cutting-edge cloud technologies, including sovereign AI, to help customers improve the resilience of their mission-critical operations." The collaboration will: Enable Oracle Database users to leverage the cloud: Customers with large, sensitive, mission-critical database systems will be able to move to the cloud while ensuring the same level of operability as with their on-premises environment. Support safe and secure data management and cloud usage: Fujitsu will deploy and operate Oracle Alloy in its data centers in Japan. This will provide a sovereign cloud environment for businesses and the public sector to help ensure digital sovereignty and operational transparency. Centralize operations and security policies across on-premises and hyperscaler environments: Fujitsu provides operational consulting services and Fujitsu Cloud Managed Service across cloud service providers' cloud environments, including Oracle Alloy. Fujitsu Cloud Managed Service provides comprehensive support tailored to customers' business needs and enables centralization of operations and security policies across on-premises and hyperscaler cloud environments. Deliver superior customer experiences: Fujitsu will be able to control updates and patch its cloud environment according to each customer's needs. This level of control gives Fujitsu the ability to prevent system outages caused by automatic updates. About FujitsuFujitsu's purpose is to make the world more sustainable by building trust in society through innovation. As the digital transformation partner of choice for customers in over 100 countries, our 124,000 employees work to resolve some of the greatest challenges facing humanity. Our range of services and solutions draw on five key technologies: Computing, Networks, AI, Data & Security, and Converging Technologies, which we bring together to deliver sustainability transformation. Fujitsu Limited (TSE:6702) reported consolidated revenues of 3.7 trillion yen (US$28 billion) for the fiscal year ended March 31, 2023 and remains the top digital services company in Japan by market share. Find out more: www.fujitsu.com. About OracleOracle offers integrated suites of applications plus secure, autonomous infrastructure in the Oracle Cloud. For more information about Oracle (NYSE: ORCL), please visit us at www.oracle.com. TrademarksOracle, Java, MySQL and NetSuite are registered trademarks of Oracle Corporation. NetSuite was the first cloud company—ushering in the new era of cloud computing.
~ Lee Kuan Yew School of Public Policy's Institute for Environment and Sustainability (IES) launches new fellowship and policy dialogues designed to accelerate the region's energy transition.~ The Rockefeller Foundation's 2-year, US$275,000 grant to IES supports boosting regional capacity to enhance energy flows across countries. SINGAPORE, April 18, 2024 /PRNewswire/ -- The National University of Singapore's Lee Kuan Yew School of Public Policy's Institute for Environment and Sustainability (IES) and The Rockefeller Foundation announced a new collaboration to accelerate the Southeast Asia's energy transition efforts. With a US$275,000 (SG$370,000) grant from The Rockefeller Foundation, IES will launch a new climate policy fellowship while leading a series of dialogues over the next two years with national and regional leadership designed to enhance regional energy connectivity in Southeast Asia. By strengthening capacity to deliver renewable energy from one country to neighboring countries' high-demand areas, this collaboration will not only improve regional energy flows, but also support countries' energy transition and development goals. Left to Right: Dr. Benjamin Cashore and Prof. Kanti Prasad Bajpai from National University of Singapore; Elizabeth Yee, Deepali Khanna and Eric Arndt from The Rockefeller Foundation Professor Benjamin W. Cashore, Director of IES, said: "It is our immense pleasure to be associated with The Rockefeller Foundation to facilitate regional energy connectivity dialogue in Southeast Asia. This grant will enable our institute to build our analytic, managerial, and technical capacity needed to identify innovative policy mixes for effective and lasting climate policy pathways, crucial for closing the observed gaps between national climate commitments and the policies and legislation to achieve them. We hope to support the efforts of climate policymakers through our research and dialogue." The Rockefeller Foundation's grant provides IES with resources to create a new fellowship to convene ministerial and high-level experts, scholars, and practitioners. In line with IES' mission to develop effective climate and sustainability policy analysis for the region while bridging the gap between available policy tools and expected impacts, the dialogues aim to accelerate regional energy connectivity by enhancing capacity to develop and integrate more effective policies. These convenings will focus on a range of technical issues, including shortening the implementation cycles for cross-border energy trade and ensuring durable energy connectivity through equitable energy partnerships. Announcing this collaboration, Deepali Khanna, Vice President, Asia Regional Office, The Rockefeller Foundation said: "Policy action to accelerate green transitions will only be successful and equitable if it reflects viewpoints, debates and narratives from the Global South and Southeast Asia. Through this collaboration with IES, we hope to amplify those voices. The Rockefeller Foundation has always believed in creating equal opportunity for all and with our new 5-year climate strategy, this grant facilitating policy design dialogue is a positive step in the right direction. IES is a wonderful ally to further the importance of collective stakeholder action towards climate change. This grant will serve as a platform for an increasing number of sustainable academia, policy think-tanks and industry collaborations in the future." By promoting evidence-based dialogue towards collective climate action, this two-year grant supports the growing interest in climate policy discourse by, and for, the Global South. It also aligns with The Rockefeller Foundation's five-year, billion-dollar climate strategy, announced last September to advance the global climate transition and help ensure everyone can participate in it. About The Rockefeller FoundationThe Rockefeller Foundation is a pioneering philanthropy built on collaborative partnerships at the frontiers of science, technology, and innovation that enable individuals, families, and communities to flourish. We make big bets to promote the well-being of humanity. Today, we are focused on advancing human opportunity and reversing the climate crisis by transforming systems in food, health, energy, and finance. For more information, sign up for our newsletter at http://rockefellerfoundation.org and follow us on X @RockefellerFdn About Institute for Environment and SustainabilityThe Institute for Environment and Sustainability (IES) at the Lee Kuan Yew School of Public Policy (LKYSPP) is a research institute dedicated to generating fit-for-purpose policy solutions for Southeast Asia's most pressing environmental and sustainability challenges. The institute draws on policy research, design, and expertise of LKYSPP to help close the gap between sustainability policy goals and desired outcomes. IES seeks to empower agents of change to identify, design, and trigger effective sustainability policy pathways through the generation of primary research, stakeholder dialogues, and capacity building. For more information, please visit https://lkyspp.nus.edu.sg/ies/.
SINGAPORE, April 18, 2024 /PRNewswire/ -- DataTracks, a provider of cloud-based software to automate/generate compliance reports for filing with financial/security regulators to more than 28,000 business enterprises in 26 countries, celebrates the completion of 19 years of service and innovation. Founded with a vision to make regulatory compliance "accurate, reliable, timely, and easy", DataTracks has grown into a leading name in the industry, worldwide with cutting edge software that incorporates "artificial intelligence" aided features to reduce "time to prepare" and improve "accuracy". Decades of Dedication and Expertise Over nearly two decades, DataTracks has achieved significant growth, with its software delivering more than 400,000 reports, showcasing its pivotal role in regulatory reporting. The software and service address regulations across diverse jurisdictions, including SEC in the USA, HMRC and FCA in the UK, Revenue in Ireland, CIPC in South Africa, ACRA in Singapore, MCA in India, SSM in Malaysia and ESMA, EBA, and EIOPA in Europe. DataTracks distinguishes itself in the industry (a) with its global footprint (preferred by business enterprises whose regulatory obligations are spread across multiple jurisdictions) (b) with its state-of-the art software that incorporates "AI/ML" features and (c) with its credentials for information security (including ISO 9001:2015 and ISO 27001:2013 certifications) Addressing the employees and spouses in a town hall meeting to celebrate the event, Vinod P John, President of DataTracks said: "We are happy to start our 20th year in the industry. I have to thank the 28,000 clients who trust us and the several hundred employees who developed our software and who helped customers (and our internal team) prepare compliance reports for reaching this milestone. We've always believed in leveraging technology to make regulatory compliance as easy, quick, timely, and accurate as possible for our clients. Our continuous investment in AI and machine learning is a testament to this belief, and it's what keeps us at the forefront of the industry." Looking ahead, DataTracks is ready to address upcoming mandates such as the DATA Act and FTA in the US as well as the MBRS/XBRL mandate by SSM in Malaysia. About DataTracks DataTracks is a Singapore-based globally renowned leader in providing cloud-based regulatory compliance software for self-use and "black box services" using the same software, catering to 28,000 clients across 26 countries. In 19 years DataTracks has helped its client enterprises prepare more than 400,000 compliance reports for filing with financial/security regulators in several jurisdictions. Financial analysts have rated the quality of reports generated using DataTracks as top of industry for quality; significantly above that of several of its competitors. For further information, visit www.datatracks.com. For Business Enquiries: Email: enquiry@datatracks.com; Phone: Singapore: +6531582850, US: +1(646)9048324, UK: +44(0)2036088035 Media Contact: mediarelations@datatracks.com
Planned investment will grow Oracle Cloud Infrastructure's footprint in Japan Expanded local support and operations team will help customers and partners address digital sovereignty requirements AUSTIN, Texas and TOKYO, April 18, 2024 /PRNewswire/ -- Oracle Corporation Japan today announced that it plans to invest more than $8 billion over the next 10 years to meet the growing demand for cloud computing and AI infrastructure in Japan. The investment will grow Oracle Cloud Infrastructure's (OCI) footprint across Japan. In addition, to help customers and partners address the digital sovereignty requirements in Japan, Oracle will significantly expand its operations and support engineering teams with Japan-based personnel. "We are dedicated to meeting our customers and partners where they are in their cloud journey," said Toshimitsu Misawa, member of the board, corporate executive officer and president, Oracle Corporation Japan. "By growing our cloud footprint and providing a team to support sovereign operations in Japan, we are giving our customers and partners the opportunity to innovate with AI and other cloud services while supporting their regulatory and sovereignty requirements." Oracle plans to increase local customer support of its public cloud regions in Tokyo and Osaka and its local operations teams for Oracle Alloy and OCI Dedicated Region. This will enable governments and businesses across Japan to continue to move their mission-critical workloads to the Oracle Cloud and embrace sovereign AI solutions. Oracle sovereign cloud and AI services can be delivered securely within a country's borders or an organization's premises with a range of operational controls. Oracle is the only hyperscaler capable of delivering AI and a full suite of 100+ cloud services locally, anywhere. Oracle's Distributed Cloud Delivers the Benefits of Cloud with Greater Control and Flexibility OCI's distributed cloud lineup supports: Dedicated cloud: Customers can run all OCI cloud services in their own data centers with OCI Dedicated Region, while partners can resell OCI cloud services and customize the experience using Oracle Alloy. Oracle also operates separate U.S., UK, and Australian Government Clouds, and Isolated Cloud Regions for U.S. national security purposes. Each of these products provide a full cloud and AI stack that customers can deploy as a Sovereign Cloud. Hybrid cloud: OCI delivers key cloud services on-premises via Oracle Exadata Cloud@Customer and Compute Cloud@Customer and is already managing deployments in over 60 countries. Public cloud: Forty-nine hyperscale public cloud regions serve any size of organization, including those requiring strict EU sovereignty controls. See the full list of regions here. Multicloud: Options including Oracle Database@Azure, MySQL HeatWave on AWS, and Oracle Interconnect for Microsoft Azure allow customers to combine key capabilities from across clouds. Additional Resources Learn more about Oracle's distributed cloud Get started with Oracle Cloud Infrastructure Learn more about OCI Dedicated Region About OracleOracle offers integrated suites of applications plus secure, autonomous infrastructure in the Oracle Cloud. For more information about Oracle (NYSE: ORCL), please visit us at www.oracle.com. Trademarks Oracle, Java, MySQL and NetSuite are registered trademarks of Oracle Corporation. NetSuite was the first cloud company—ushering in the new era of cloud computing.
LOS ANGELES, April 18, 2024 /PRNewswire/ -- COSRX, the go-to skincare brand among dermatologists, has set TikTok ablaze with its latest social media sensation - the #PatThePeptide TikTok challenge. Running from March 7th to the 20th, the #PatThePeptide TikTok Challenge has captured the attention of audiences nationwide including well-known dancers such as Liz Sanchez (@officiallizsanchez) and Rylee Arnold (@ryleearnold) from Dancing with the Stars. In testament to the resonance and impact of this initiative, the #COSRX hashtag amassed an incredible 4.3 billion cumulative views and the campaign's primary hashtag, #PatThePeptide, also surged past 77.9 million views. This skyrocketing success speaks volumes about the overwhelming popularity the #PatThePeptide campaign has garnered within the TikTok community. COSRX, the go-to skincare brand among dermatologists, has set TikTok ablaze with its latest social media sensation - the #PatThePeptide TikTok challenge. At the heart of this campaign lies COSRX's groundbreaking product, The 6 Peptide Skin Booster Serum. The campaign highlights the profound impact of this innovative serum, underlining its accessibility to all. Traditionally viewed as a luxury ingredient, COSRX has redefined peptides as an affordable and effective solution that caters to diverse skin types and routines. What's more, thanks to the incorporation of 6 various peptides, this serum acts to target a multitude of skin concerns ranging from skin elasticity, fine lines, pores, radiance, texture, hyperpigmentation and oil balance. Its hypoallergenic formulation also ensures it seamlessly slots into all skincare routines, complementing a range of active ingredients such as COSRX's The Retinol 0.1 Cream for wrinkles and firmness, The Niacinamide 15 Serum for acne, pores and sebum, Advanced Snail 96 Mucin Power Essence for hydration and plumping skin, and The Vitamin C 23 Serum for brightening and hyperpigmentation. Since its launch on March 7th, over 7,500 posts featuring the #PatThePeptide filter have flooded TikTok, demonstrating widespread enthusiasm and engagement from users. The challenge's success can be attributed to its simple yet playful concept, encouraging users to share unique and entertaining content. The filter, designed to explain the easy, and simple nature of incorporating peptides into one's routine, encourages users to "pat the peptide" as the first step in their routine to take advantage of the formulations efficacy boosting nature to elevate skincare results. This user-friendly approach has resulted in a significant increase in users engaging with the filter, making the benefits of peptides more accessible and enjoyable. Within just one week of the challenge's launch, the demand for COSRX's peptide serum soared, resulting in it being sold-out across all sales platforms including COSRX TikTok Shop US, COSRX.com, Amazon US, and Ulta. "We are thrilled to witness the immense enthusiasm and passion generated by the #PatThePeptide TikTok challenge," said a COSRX representative. "The accessibility and simplicity of incorporating peptides into skincare routines have resonated deeply with our audience, translating into increased product adoption and engagement." The 6 Peptide Skin Booster Serum is currently available for purchase on COSRX TikTok Shop US, COSRX.com, Amazon US, and Ulta. About COSRX With its powerful yet affordable skincare solutions, COSRX has quickly become one of America's favorite skincare brands. Using a minimal number of highly effective natural extracts in concentrated doses, COSRX products deliver visible results by treating the skin with only the essentials it needs and nothing it doesn't. Find its best-selling skincare solutions at retailers nationwide, including Amazon, ULTA, JCPenney, Target and Dermstore. Instagram: https://www.instagram.com/cosrx TikTok: https://www.tiktok.com/@cosrx_official COSRX Official Website: https://www.cosrx.com
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2024
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