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Hyundai Motor Group Partners Grab To Accelerate EV Adoption In Southeast Asia

Hyundai Motor Group Partners Grab To Accelerate EV Adoption In Southeast Asia

Hyundai Motor Group and Grab Holdings Inc. (Grab) has announced an enhancement of their ongoing strategic partnership in mobility services. The next phase of the partnership will focus on accelerating EV adoption in Southeast Asia. The Group, including Hyundai Motor Company and Kia Corporation which are the Group’s affiliates, and Grab will further develop new pilots and initiatives that lower the barriers of entry for Grab driver and delivery-partners to adopt EVs, such as lowering the total cost of ownership and reducing range anxiety.

Survey results from initial EV pilot in Singapore found that high costs, lack of charging locations and long waiting times for charging are top barriers hindering Grab driver-partners from adopting EVs. Hence, the enhanced partnership will focus on addressing some of these barriers by piloting new EV business models such as leasing EVs with a battery-as-a-service model or car-as-a-service model, and EV financing. Both parties will also develop a joint EV roadmap to accelerate adoption in Southeast Asia. The pilot programs will start in 2021, beginning in Singapore, and expand to Indonesia and Vietnam.

As part of the roadmap development, the two parties will also conduct an EV feasibility study. The intent is to gain a deeper understanding into the gaps and barriers to wider EV ownership and adoption, then translating the findings from the study into practical ways to further develop the EV ecosystem. These insights will provide governments and ecosystem partners with ideas and best practices on how EV policies can be shaped to better address the day-to-day operational routines of ride-hailing drivers and delivery-partners. This comes at a critical time as last-mile logistics and deliveries continue to experience unprecedented growth, and EVs can play a huge role in reducing carbon emissions from vehicles.

In addition, in line with Hyundai Motor Group’s latest future strategy, both parties will explore collaboration in new business opportunities and technologies such as smart city solutions.

“Hyundai Motor Group and Grab were able to discover the possibility of EV businesses in Southeast Asia through our cooperation from 2018,” said Minsung Kim, Vice President of the Innovation Division at Hyundai Motor Group. “With Grab having the largest driver network in the region and Hyundai’s comprehensive mobility solutions, we are confident that together we can help to increase the adoption of EVs and ultimately reduce carbon emissions throughout the region. Beyond its on-going projects, the Group expects additional cooperation with Grab to be a key driver to lead the mobility market of the future in Southeast Asia.”

Russell Cohen, Group Managing Director of Operations, Grab, said: “While EVs are relatively nascent in Southeast Asia, Grab plans to play a vital role in working with partners and governments to accelerate EV adoption. As government EV policies and incentives are implemented and essential infrastructure like charging stations continue to be built, this partnership will provide insights and best practices on the usage of EVs as part of the day-to-day operations of driver and delivery-partners. For example, we’ve piloted ways to reduce driver-partners’ downtime by enabling them to swap their e-moped batteries at GrabKitchen while they wait to collect food orders. Successful EV adoption is a multi-stakeholder effort, particularly in Southeast Asia, and we’ll continue to leverage our technology and operational leadership to build a fleet for the future.”

 

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Frost & Sullivan Reveals 9 Emerging Trends Reshaping Industries Post COVID-19

Frost & Sullivan Reveals 9 Emerging Trends Reshaping Industries Post COVID-19

Frost & Sullivan’s recent analysis, The Reshaping of Industries Caused by COVID-19, encompasses nine key trends that will emerge from industries reshaping as a response to COVID-19. With the pandemic’s negative impact on the global economy, immediate action is critical. Technology leaders must assess the emerging opportunities resulting from COVID-19 and provide technological innovations to build company, society, and consumer resilience.

“From transformative MegaTrends to geopolitical chaos, there are several factors making it increasingly difficult to grow,” said Murali Krishnan, Visionary Innovation Group Senior Industry Analyst at Frost & Sullivan. “In the near term, companies should focus on diversifying supply chains and leveraging new opportunities arising from changing customer demands. In the long term, it is important to internally adapt to new technologies that support workplace and operational continuity to have a smoother transformation during recovery.”

Chaitanya Habib, Visionary Innovation Group Research Analystadded: “The shift in focus on cost optimisation and on avoiding further production losses post-COVID-19 has accelerated the adoption of automation and industrial robots across various industries. As a result, the global industrial robotics market is expected to grow from $44.6 billion in 2020 to $73 billion in the next five years, with increasing FDA approval and patent activity.”

The nine key trends across industries that will emerge as a result of COVID-19 are:

  1. Connected Living:The increased adoption of contactless surfaces post-pandemic will power the home automation and security markets. Systems encompassing voice activation technology will become increasingly popular among consumers.
  2. Connected Work: Reformed connected work scenarios will accentuate the need for “cloud everything.” New subscription-based models will witness a growing demand for Unified Communications as a Service (UCaaS).
  3. Digital Health: Digital health driven by telemedicine and robotic care will become the new standard of care delivery. Standardisation of service across the care continuum will require more service and technology providers.
  4. Geopolitical Balance: Countries should work together to keep trade flowing and ensure the supply of essential products, sending a signal of confidence to the global economy.
  5. Human Augmentation: The behavioral analytics market is expected to reach $3 billion in revenue in 2030, up from $230 million in 2019. Post-COVID-19, behavioral data will be used to enhance healthcare systems, financial services, and cybersecurity.
  6. Lights-out Operations: Autonomous “lights-out” operations will propel the demand for remote asset management solutions, and service providers will focus on data management strategies and data-driven business models.
  7. Smart Cities: Smart cities will create significant business opportunities with a market value of $2.46 trillion by 2025. Smart cities will prioritise more digitalised services and a strong data analytics infrastructure, leading to increased spending on technology.
  8. Supply Chain Optimisation: The supply chain industry is creating radical innovations with augmented reality, virtual reality, advanced robotics, real-time inventory tracking, and exploring how 3D printing could completely disrupt the supply chain in the next 10 years.
  9. Technology Advancements: Pandemic preparedness will speed up the deployment of artificial intelligence (AI) solutions and accelerate AI innovation. Beyond specific disease management, post-pandemic economies also will rely on AI and machine learning (ML) tools to expedite digital transformation across key business initiatives.

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Growth Of The Digital Twins Market Is Driven By Industrial Digitalisation

Growth Of The Digital Twins Market Is Driven By Industrial Digitalisation

According to Tractica, global revenue for digital twins will increase to $9.4 billion in 2025, up from $2.4 billion in 2018. A digital twin is a digital representation that provides the elements and dynamics of how a device or ecosystem operates and lives throughout its life cycle. Digital twins are useful for simulating the capabilities of machine tools in a safe and cost-effective way, as well as identifying the root causes of problems occurring in physical tools or infrastructure.

The digitisation of nearly every industry type is helping to fuel the demand for twinning platforms, as is the desire to monitor, control, and model the future behaviour of real-world equipment, systems, and environments. Manufacturing, aerospace, connected vehicles, smart cities, retail, healthcare, and industrial IoT are key sectors for digital twins market adoption. Asia Pacific is one of the largest geographic regions for digital twins, forecasted to generate $11.2 billion in cumulative revenue.

“Like any technology, digital twins must be understood and accepted by several different stakeholders, from the operations workers up to the C-suite,” said Principal Analyst Keith Kirkpatrick.

“Vendors are highlighting their expertise in analytics and demonstrating domain expertise with specific industry verticals. Some are also spotlighting their experience with incorporating artificial intelligence (AI) and machine learning (ML) technologies, which can provide the ability to model future behaviour via digital twins. These technologies are anticipated to drive the functionality of digital twins beyond simply being enhanced analytics tools,” he added.

 

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GENiE Smart Factory Solution Boosts Smart Manufacturing In Malaysia

GENiE Smart Factory Solution Boosts Smart Manufacturing In Malaysia

Galactic Advanced Engineering (M) Sdn Bhd has launched its cloud-based process intelligent solution—GENiE Smart Factory Solution, which aims to increase adoption of smart manufacturing practices in Malaysia and the region.

“Malaysian manufacturers need to embrace technology and be competitive worldwide. We can no longer be dependent on labour intensive manufacturing practices. It is essential for manufacturers especially SMEs to leverage on cyber-physical systems and cloud-based data to make informed business decision in order to increase productivity,” said Dr. Ong Kian Ming, Deputy Minister of Ministry of International Trade and Industry (MITI), during the launch. He hopes to work with the company to support Malaysia manufacturers in taking steps towards Industry 4.0.

GENiE Smart Factory Solution enables better decision making on the production floor through data analytics, by obtaining real process values and parameters of production operations. The solution address common problems encountered by manufacturers such as under-utilisation of machinery, production wastage, unpredicted down time risks and high usage of energy.

“It is a scalable investment to improve operations and more importantly to reduce downtime and financial losses from production interruptions. The savings from energy utilisation, reduction of wastage and better yield from the machines can be seen within months,” said Sakhtivel Narayanasamy, CEO of Galactic Advanced Engineering.

He is optimistic about the government’s commitment and efforts in driving adoption of Industry 4.0: “There has been much concept talk about Industry 4.0 and its power to revolutionise but we believe these concepts can be converted into applicable solutions like the GENiE Smart Factory that enables an innovative shift in manufacturing operations for the next three years.”

 

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Hanoi To Develop Smart City

Hanoi To Develop Smart City

VIETNAM: Amid Hanoi’s rise as an economic, political and cultural centre of Vietnam, the city looks set to join the smart urban development trend. A move that will be supported by the local government, experts as well as the city’s economic potential, human capital and technical infrastructure.

In fact, developments for the smart city has already begun due to the development of an iParking mobile search facility, a Timbuyt app for searching and taking buses as well as a smart map for the location of flooding points.

However, in order to fully achieve the development of a smart city, Chief Architect of Viettel’s Smart City Group, Le Quoc Huu has recommended that the city develop a comprehensive infrastructure layout and urban management plan so that an integrated system of data collection, analysis and management can be attained. Similarly, experts have also highlighted that the city will need to ascertain its technological needs and how a new information network can be integrated into the city’s existing infrastructure before the city’s technical foundation can be established. Along with that, experts have also commented that the city would require open mechanisms to ensure that information and data can be exchanged between itself and other localities.

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