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Forbes
22-05-2025
- Business
- Forbes
Industrial AI Is More Than A Buzzword, So How Do We Make It Real?
A factory worker asks complex questions to his tablet and instantly gets the right answer, providing step-by-step instructions on how to solve the problem. Meanwhile, that same device continuously monitors its surroundings, providing contextual and situational data to predict bottlenecks, highlight inefficiencies, and even keep its human operator safe. That's the power of AI, one of the foundations of Industry 4.0. Industrial AI has become more than just a buzzword. It's now a real way of working. Machines and systems learn from data, predict issues before they happen, and optimize operations at a scale and speed that, until recently, was impossible. AI has the potential to reshape all sectors of the economy by giving manufacturers, ports, mines, utilities, and other industries the actionable insights and situational awareness to make better real-time decisions and build more efficient workflows. Adopting AI is top of mind for enterprises across many industries. In a KPMG survey, 72% of manufacturing CEOs said generative AI is their top investment priority — and for good reason. ABI Research predicts AI will contribute roughly $450 billion in value across various industrial segments by 2030, while Goldman Sachs Research expects breakthroughs in Gen AI to drive a $7 trillion increase in global GDP over the next 10 years. This means more efficient, productive and profitable industries. Increasingly, AI-powered campuses are being driven by industrial brains that collect data from thousands of sensors and processes, using it to make recommendations and tweaks at a scale humans cannot match. The result is improved efficiency, reduced energy usage and costs, and better decision-making that allows workers to focus on more strategic tasks. For example, by turning video and location data into real-time insights, AI can quickly show workers where a tool is missing and identify production delays. If a worker sends a distress signal, AI can figure out the 'who, what, when, where and why,' quickly triggering the right emergency response. When workers have instant access to key information, they can make better, faster decisions. AI pulls data from sensors and cameras to give a live view of what's happening, helping teams work more efficiently and follow processes more accurately. AI also helps reduce energy waste by analyzing usage in real time, spotting inefficiencies and automatically adjusting systems to save money and cut emissions. AI-powered digital twins support predictive maintenance, reducing downtime and extending equipment life, while minimizing waste from unnecessary repairs. While an AI-powered industrial campus is defined by its many automated and intelligent applications, there's a lot more to it than that. The ability of any industrial enterprise to implement AI applications depends largely on the progress made in four areas of technological innovation, all of which must work in unison and build on each other: For industries around the world, AI isn't just hype. It delivers real, tangible benefits, from improvements in worker safety and collaboration to reductions in operating costs and emissions. By transforming their facilities into AI-powered industrial campuses, enterprises across all verticals can automate complex processes and gain new insights from their data. While it may take some time to implement and scale the steppingstones required to get there, ignoring AI is no longer an option.
Yahoo
22-05-2025
- Business
- Yahoo
High Profile Cyberattacks Continue to Spur Rapid Adoption of Payment Tokenization Solutions to US$1 Billion Market
LONDON, May 23, 2025 /PRNewswire/ -- Payment tokenization continues to reign supreme in the payments space thanks to its ability to minimize potential points of failure and blunt the impact of failed card authorizations. New forms of payment tokenization are emerging, solidifying its position as an essential piece to the digital transaction's security puzzle. ABI Research, a global technology intelligence firm, forecasts Token Service Provider (TSP) revenue to break the US$1 billion mark by 2031 as heightened data protection concerns, security fears propelled by cyberattacks on critical institutions (notably the Colonial Pipeline incident in 2021, attacks on UK NHS hospitals, and concerns regarding the recent Spain and Portugal blackout), and new PCI-DSS 4.0 requirements spark increased demand for digital security solutions such as tokenization in the payments markets. "Maximizing compliance with data protection and legislative data sovereignty requirements while meeting the ever-growing demand for enhanced efficiency within digital transactions is a precarious balancing act within the payments segment, calling for new and innovative technologies to rise to the challenge. Payment Tokenization has proved a viable solution thus far which has evolved to keep pace with the needs of regulation, security, and technological innovation, demonstrated by the arrival of new forms of tokenization and integration of complementary technologies, including biometrics, with tokenization to bolster its security promises, explains Aisling Dawson," Industry Analyst at ABI Research. Headlining trends in payment tokenization including vaultless tokenization, web-based push provisioning, wearables tokens, and the integration of passkey capabilities instead of 3D Secure processes in desktop environments are expected to stir up further adoption of tokenization solutions and services across the payments ecosystem over the next five to ten years. While North America is expected to continue to lead the pack, Europe's formidable regulatory regime pertaining to data protection and digital payments, rapid digitalization in Latin America, and the head start enjoyed by the Asia-Pacific region on tokenized funds and bonds prime the payment tokenization market for growth on a global scale. Although payment tokenization boasts a strong growth trajectory over the next ten years, whetting Payment Service Providers (PSPs) and merchant's appetite for tokenized payment options will require heavy lifting on both the education and awareness-raising fronts. "Building a strong business case for payment tokenization requires a concrete demonstration of how tokenization solutions alleviate PSPs adherence to relevant regulatory and compliance requirements as well as how the migratory process can be eased for merchants who are reluctant to risk downtime or drops in transaction volumes. Payment Tokenization is well-placed for success, but its utility should be considered holistically across the payments ecosystem if TSPs are to truly optimize their prospects of strong revenue generation in this market," Dawson concludes. These findings are from ABI Research's New Forms of Payment Tokenization report. This report is part of the company's Digital Payment Technologies research service, which includes research, data, and ABI Insights. About ABI Research ABI Research is a global technology intelligence firm uniquely positioned at the intersection of technology solution providers and end-market companies. We serve as the bridge that seamlessly connects these two segments by providing exclusive research and expert guidance to drive successful technology implementations and deliver strategies proven to attract and retain customers. ABI Research是一家全球性的技术情报公司，拥有得天独厚的优势，充当终端市场公司和技术解决方案提供商之间的桥梁，通过提供独家研究和专业性指导，推动成功的技术实施和提供经证明可吸引和留住客户的战略，无缝连接这两大主体。 For more information about ABI Research's services, contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific, or visit Contact Info: GlobalJason ScheerTel: +1.516.624.2562pr@ View original content: SOURCE ABI Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
15-05-2025
- Business
- Yahoo
Schneider Electric Ranked No. 1 in ABI Research's 2025 Competitive Ranking on Grid Digitalization Technologies
Company's industry-leading software earns top marks for innovation and implementation Recognition reinforces Schneider Electric's role in accelerating the digital transformation of the grid No. 1 ranking follows the debut of Schneider Electric's One Digital Grid Platform, an integrated and AI-powered platform designed to enhance grid resiliency, reliability and efficiency BOSTON, May 8, 2025 /PRNewswire/ -- Schneider Electric, the global leader in the digital transformation of energy management and automation, has been ranked No. 1 globally in ABI Research's 2025 Competitive Ranking on Grid Digitalization Technologies. ABI Research is a global technology market intelligence firm that provides strategic guidance on transformative technologies, including IoT, artificial intelligence (AI), and industrial automation for vendors, enterprises, and governments. The report assesses leading providers across a wide range of innovation and implementation criteria, with Schneider Electric emerging as the top vendor due to the strength of its software and commitment to sustainability, flexibility, and operational excellence. According to ABI Research, "Schneider Electric scored highest in the general ranking, combining a comprehensive, dedicated, and market-leading grid technologies suite with strong adoption, a robust ecosystem approach, and a firm commitment to sustainability." The report specifically highlighted Schneider Electric's advanced offerings across its EcoStruxure Advanced Distribution Management Systems, EcoStruxure Distributed Energy Resource Management Systems, Outage Management Systems, energy and flexibility trading, and virtual substations — all delivered through a modular, interoperable platform. "Earning this recognition from ABI Research as the top global provider of grid digitalization technologies is a tremendous achievement," said Ruben Llanes, CEO of Digital Grid at Schneider Electric. "This ranking reflects our ongoing commitment to innovation and the strong partnerships we've built across the energy ecosystem. Our solutions are built to support utilities in managing today's challenges, advancing grid modernization, and delivering reliable, sustainable outcomes in a rapidly changing energy landscape — the very capabilities that earned us this recognition." ABI Research praised Schneider's "unparalleled depth of coverage, alongside industry-leading sustainability and ecosystem approaches," emphasizing its position as the "highest recommended software partner for transmission system operators, distribution system operators, and energy utilities looking to digitalize grids and grid assets." The No. 1 ranking by ABI Research follows the recent debut of Schneider Electric's One Digital Grid Platform, an integrated and AI-powered platform designed to enhance grid resiliency, reliability and efficiency. Built on an open, modular framework, the new platform provides the data and technical foundation to integrate independent software solutions, enabling utilities to accelerate grid modernization and deliver cleaner and more affordable energy. The platform empowers utilities to streamline operations and reduce engineering and maintenance costs. On May 22, Ruben Llanes will participate in a panel hosted by the International Climate Webinar Series titled "Energy and Grid Transition by 2050," where industry leaders will explore how technology is helping utilities modernize faster, streamline decision-making, and enhance grid reliability in the face of rising demand and operational challenges. To register for the webinar, visit here. About ABI ResearchABI Research is a global technology intelligence firm uniquely positioned at the intersection of technology solution providers and end-market companies. We serve as the bridge that seamlessly connects these two segments by providing exclusive research and expert guidance to drive successful technology implementations and deliver strategies proven to attract and retain customers. For more information, visit About Schneider Electric Schneider's purpose is to create Impact by empowering all to make the most of our energy and resources, bridging progress and sustainability for all. At Schneider, we call this Life Is On. Our mission is to be the trusted partner in Sustainability and Efficiency. We are a global industrial technology leader bringing world-leading expertise in electrification, automation and digitization to smart industries, resilient infrastructure, future-proof data centers, intelligent buildings, and intuitive homes. Anchored by our deep domain expertise, we provide integrated end-to-end lifecycle AI enabled Industrial IoT solutions with connected products, automation, software and services, delivering digital twins to enable profitable growth for our customers. We are a people company with an ecosystem of 150,000 colleagues and more than a million partners operating in over 100 countries to ensure proximity to our customers and stakeholders. Discover Life Is On Follow us on: Twitter | Facebook | LinkedIn | YouTube | Instagram | Blog Hashtags: #SchneiderElectric #DigitalGrid #Utilities #GridModernization #SmartGrid View original content to download multimedia: SOURCE Schneider Electric Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
17-03-2025
- Business
- Yahoo
TikTok's New Security Dashboard Makes It Easier to Lock Down Your Account
TikTok is introducing a new Security Checkup dashboard designed to make it easier for users to review and update their account security settings. On Monday the company announced the tool as a way for people to better monitor their account's security status and make changes as needed. By selecting "Settings & privacy" then tapping "Security & permissions," people can add a backup login method, enable two-step verification, check which devices have access to their account, and enable Face ID or Touch ID for more secure sign-ins. TikTok said that if it detects unusual activity, it will flag the issue in Security Checkup, prompting users to review it. The announcement comes as tech companies continue to enhance security tools and aim to give users more control over their accounts. Last week, TikTok rolled out new parental control features to help better parents monitor and manage their teens' app usage. Meanwhile, late last month, Apple unveiled new child-safety measures that affect how minors' accounts are set up and what content they can access in the App Store. Aisling Dawson, an analyst at market research firm ABI Research, told CNET that adding more safety and security features is part of an ongoing trend among tech companies, but the timing is particularly interesting due to the approaching deadline for TikTok to secure a US buyer or face a potential ban by April 5. "It is unlikely that this is merely a case of TikTok aligning itself with competitors and market trends," Dawson said. "Rather, appealing to prospective buyers by showcasing its improved protection of user security and data is likely to be a critical part of the app's mission to rebrand its public image where it comes to data protection and privacy." Dawson said the issue is relevant because the US government's initial proposal to ban the platform was driven by concerns about the Chinese government gaining unauthorized access to users' sensitive data.
Globe and Mail
16-03-2025
- Business
- Globe and Mail
Better Artificial Intelligence (AI) Stock: Palantir Technologies vs. Microsoft
Artificial intelligence (AI) has the potential to change just about every industry under the sun, and businesses are spending heavily to stay ahead of the curb. AI-powered software can automate simple tasks while making knowledge workers more efficient and productive in their jobs. It can also help decision-makers combine relevant data points to make better decisions at a faster pace. The enterprise AI software market is expected to grow from $98 billion in 2024 to $391 billion by 2030, according to ABI Research. Generative AI solutions, like AI agents, will grow even faster. Two companies stand at the forefront of AI-powered enterprise software: Palantir Technologies (NASDAQ: PLTR) and Microsoft (NASDAQ: MSFT). Both stocks have soared amid the current bull market, but the recent pullback may be a buying opportunity for one of them. Here's the better artificial intelligence stock right now. Palantir: Accelerating growth thanks to its new AI Platform Palantir makes software that aggregates data from across an enterprise's operations and derives actionable insights for its users. The introduction of its Artificial Intelligence Platform (AIP) made it easier for anyone to start working with its data analysis software through natural language thanks to the power of large language models. That drove an acceleration in Palantir's results over the last two years. Palantir saw revenue grow 29% year over year in 2024 while its adjusted operating margin expanded to 39% from 28% in the prior year. The fourth quarter saw it produce even better results for both revenue growth (36%) and profitability (45% margin). Management's outlook for 2025 suggests revenue growth of 31% and adjusted operating margin expanding to 42%. Palantir benefits significantly from scale as a software company with minimal marginal costs. CEO Alex Karp takes a product-first approach to building the business, focusing on making an excellent product for a few select clients with deep pockets. As the product improves and it adds more features, it becomes more appealing to a broader group of businesses. AIP has been key to expanding its usefulness for more businesses. Palantir has two key segments: government and commercial. It started by working exclusively on challenges facing the U.S. military, and its government platform still accounts for the majority of its revenue. Government contracts are generally very sticky, which ensures a solid base of revenue for Palantir. That said, Palantir could face headwinds amid growing geopolitical tensions and as the U.S. government looks to cut back spending. As does the rest of the federal government, the Pentagon currently faces steep budget cuts, which could negatively impact Palantir's largest source of revenue. On the other hand, some believe the budget cuts could benefit Palantir, as it makes workers more efficient and effective, increasing the need for its software if the military reduces staff. Amid the political tensions, Palantir looks to highlight its success outside of government contracts. Its AIPCon featured a slew of new commercial clients from around the world. As commercial clients grow, Palantir should be able to continue producing strong revenue growth and expanding its operating margin. The big problem with Palantir stock, though, is its valuation. Even after the recent sell-off, shares trade for over 70 times its 2024 revenue as of this writing. If you use management's 2025 outlook, the price is 55 times its projected sales for the current year. Only a handful of stocks have traded at such a massive multiple. And history didn't side with buying them at prices comparable to Palantir's. Microsoft: An AI leader on two fronts Microsoft catapulted itself to the forefront of the AI discussion when it added $10 billion to its investment in OpenAI in early 2023. Since then, it's become a leader on two fronts of the growing artificial intelligence market: cloud computing and enterprise software. Microsoft's cloud computing platform, Azure, saw substantial growth over the last two years as businesses look to access compute and foundational models on the cloud to develop new AI solutions for their businesses or new AI-powered products for their customers. Management said AI services revenue on Azure grew 157% year over year in its most recent quarter, contributing to 31% overall growth in the cloud computing segment. Management also said demand for AI services exceeded its capacity, indicating that it could grow even faster in the future. And Microsoft is certainly investing to take advantage of the opportunity. It will invest $80 billion on capital expenditures this year, mostly on AI data centers. That growing spend will support both the growing demand of its Azure cloud platform and Microsoft's own AI development. To that end, Microsoft developed its line of AI assistants, dubbed Copilot, for use across its various software platforms, including Github, Microsoft 365, and Dynamics 365. It also offers a stand-alone Copilot app. Businesses can also use Microsoft's Copilot Studio to harness their own data and create their own AI agents to help them automate tasks and surface useful insights for workers. Early adoption of Copilot led to growing revenue and expanding margins for Microsoft's Productivity and Business Processes segment. Microsoft might not be growing as quickly as Palantir, but its stock also trades for a much more reasonable valuation for the substantial growth it does provide investors. You can currently buy the stock for less than 11 times its trailing sales. Looking at its earnings potential, shares trade for roughly 29 times analyst estimates for earnings per share over the next year. Neither is particularly cheap, but those valuations are below its average multiple since the start of 2021. A company with leadership in AI on two fronts certainly deserves a premium, and the current price is attractive for what you get. Microsoft looks like a much better buy than Palantir stock after the recent sell-off in both. Should you invest $1,000 in Palantir Technologies right now? Before you buy stock in Palantir Technologies, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Palantir Technologies wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. 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