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Huawei and Partners Strategise to Revamp Asia Pacific Internet Infrastructure For AI And 5G Connectivity

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Huawei ISP Summit Asia Pacific 2019 was held today at the Mulia Resort, Bali, Indonesia, gathered over 150 key industry players and analysts to exchange views on How the ISP industry could speed up infrastructure transformation so as to tackle the innovation challenges in Asia Pacific in the AI & 5G era. Most top ISP providers in the region such as Telin(Singapore), IndoKeppel(Indonesia), Tata Communications(India), and UCloud(China). The summit, in its fourth year, took the theme of “Leading New ICT, Accelerate Service Innovation with ISP”.

Asia Pacific Internet services are ushering into the digital and AI era featuring data explosion and multiplied innovation after going through the data silo era and the fully connected era. The dramatic surge in demand for digital resources, the low latency of massive data transmission, large bandwidth, and network traffic optimization have brought huge business challenges to ISPs.

To rise to these challenges, ISPs need more open, more flexible, more agile, and more secure Internet infrastructure to meet Asia-Pacific users’ new requirements for Internet application services such as data centres (DCs), e-commerce, social networking, gaming, online payments, and tours, especially the requirements of multinational business development and technical innovation.

IDC research shows that companies in Asia Pacific have paid more attention on the return of investment than before. They have further reduced traditional ICT spending and chosen more cloud-based spending on infrastructure, software and services. According to IDC predictions, by 2020, at least 55% of organizations in the Asia Pacific region (excludingJapan) will be digitally determined, transforming markets and re-imagining the future through new business models and digitally enabled products and services. By 2022, the spending of enterprises in the Asia Pacific region (excludingJapan) on managed cloud services will be increased to nearly US$18 billion, driven by the need to optimize ROI, reduce budget and cope with the scarcity of cloud experts in the region.

At the summit, industry players agreed that, benefiting from the Smart Nation strategy and strong infrastructure, Singapore will continuously lead the regional digital economy in the Asia-Pacific region, as long as it makes good use of its own capital advantages and invests more in submarine cables and data centres. Indonesiathe Philippines, and Malaysia were also highlighted for their huge potential as digital economies, albeit with pressing needs for more backbone network and data centres.

Huawei today unveiled a suite of new solutions to help Internet Service Providers (ISPs) revamp Internet infrastructure in Asia Pacific, as the region embarks on a drive towards Artificial Intelligence (AI) deployment and 5G connectivity.

These solutions will enable traditional ISPs to reshape their legacy Internet infrastructure into a more open, agile and secure model that can handle a cloud-driven economy. These solutions include the industry’s first-ever data centre switch with an embedded AI chipthe CloudEngine 16800FusionServer 2298 V5, all-flash storage OceanStor Dorado 3000, and 600G DCI + OXC. The suite of new solutions from Huawei comes amidst industry consensus that traditional ISPs in Asia Pacific will find themselves in a fully cloud-driven era by 2020, with accelerating AI innovation and data explosion.

FiberStar, a nationwide infrastructure service provider in Indonesia, and Huawei signed a memorandum of understanding (MoU) during the summit. This MoU aims to explore potential collaboration in areas of Fixed Network, Data Centre. Both parties will collaborate to accelerate the internet infrastructure transformation in Indonesia. Huawei will contribute as a strong technology partner in network and data centre solution design and execution.

Daniel Zhou, President, South Pacific, Huawei Enterprise Business Group said, “The current state and pace of development of Internet infrastructure in Asia Pacific remains uneven, with great variations from country to country. Huawei’s aim is to capitalize on our global expertise and experience to work with the countries that could benefit from support to reshape their Internet infrastructure and networks, such as IndonesiaMalaysiathe PhilippinesIndia and Thailand. At the same time, we are committed to tailoring solutions for more advanced digital development needs of countries such as Singapore.”

He continued, “Huawei is currently the most ideal partner in driving ISP transformation within the Asia Pacific region. As a reflection of ISPs’ confidence in our abilities, Huawei’s ISP business revenue in the Southern Pacific Region achieved a 112% growth in 2018, and we expect this to grow steadily in 2019. As the application of clouds in the Asia-Pacific Internet industry accelerates, Huawei will continue to provide leading and innovative solutions for ICT infrastructure such as clouds, DCs, and networks, helping customers build an open, flexible, agile, and secure infrastructure platform to accelerate business innovation and remain competitive in the digital age.”

Wing Kin Leung, CTO of Marketing and Solution Sales Department of Huawei Enterprise Business Group commented, “As a provider and innovator of cloud services and infrastructure, Huawei will meet the needs of customers for rapid service rollout, flexible release of resources, big data analytics, ultra-wide DC interconnection, and VR and ultra HD streaming services, helping ISPs complete rapid transformation. By unified cloud management, Huawei cloud DCs enable application acceleration, agile delivery, and energy efficiency.”

Most recently, Huawei has helped Indonesia’s famous ISP Biznet complete digital transformation. Biznet offers Internet services to Internet vendors engaged in online local specialty sales, Internet enterprises engaged in live streaming and HD videos online, and innovative enterprises that invest in local social media or sharing platforms. These companies benefit people in Indonesia, which will finally vigorously advance the development of the digital economy in the Asia Pacific region and greatly extend the scope of the digital world in these countries.

Currently, in over 700 cities around the world, 211 of Fortune Global 500 and 48 of Fortune Global 100 have selected Huawei as their partner for digital transformation. Huawei has provided solutions for more than 1,000 Internet companies and DC service providers in more than 50 countries, helping them cope with the pressure of operational restructuring and infrastructure and complete digital transformation.

FACTSHEET

At Huawei ISP Summit Asia Pacific 2019, the leading global ICT solutions provider launched four new solutions to help revamp Internet infrastructure in Asia Pacific, in support of the region’s push towards 5G connectivity and increased AI deployment. These comprise the following:

  • CloudEngine 16800It is the industry’s first DC switch with an embedded AI chip that uses the innovative iLossless algorithm. The switch implements global network auto-optimization capabilities of millions of flows and application-based queues in various scenarios. This ensures that the intelligent and lossless DC network can achieve the highest throughput while packet loss is prevented. The AI computing power has been increased from 50 percent to 100 percent It provides the industry’s highest density 48-port 400GE line card per slot and the industry’s largest 768-port 400GE switching capacity.
  • FusionServer 2298 V5: It provides flexible and ultra-large local storage expansion capabilities while delivering excellent computing performance, helping reduce data storage costs. In a 2U chassis space, 2298 V5 supports 2 Intel® Xeon® Scalable processors, 12 DDR4 DIMMs, and 24 3.5” and 4 2.5” (up to 4 NVMe SSDs) hard drives for local storage. It incorporates patented technologies such as Dynamic Energy Management Technology (DEMT) and Fault Diagnosis & Management (FDM), and integrates Huawei’s eSight software for entire-lifecycle management, helping customers drive down operating expense (OPEX) and improve return on investment (ROI).
  • OceanStor Dorado3000 V3: It leverages industry-leading FlashLink® technology to ensure stable performance even during peak hours The intelligent multi-protocol interface chip supports industry-leading 32 Gbit/s FC and 100GE front-end protocols, while Huawei’s intelligent Baseboard Management Controller (BMC) manages CPUs, memory, and other components in a unified manner to shorten fault recovery time from two hours to ten minutes. The OceanStor Dorado3000 V3 also adopts industry-leading inline deduplication and compression technologies to cut the costs of energy consumption, cooling, and management and maintenance, reducing overall OPEX by 65 percent.
  • DCI + OXC: Based on the algorithm accumulation of Huawei-developed optical digital signal processor (oDSP) chips, Huawei combines channel-matched shaping (CMS) and optical-layer AI neuron technologies to build 600G commercial capabilities, realizing the maximum transmission capacity and distance in the real environment and achieving the best transmission performance in the industry. The OXC all-optical switching technology builds a simplified optical layer. The all-optical backplane supports 32-degree wavelength switching and high integration. With the application of One Direction One Unit (1D1U), one board integrates the functions of multiple boards, such as multiplexer/demultiplexer, OA, and optical supervisory boards. This greatly reduces the number of boards required and simplifies internal fiber connections. It enables one-click service provisioning and automatic hitless bandwidth adjustment, making the network more flexible and intelligent to adapt to rapid changes in cloud services.

Huawei also demonstrated new ICT solutions to help ease Internet Service Providers into a smoother transition from a current model of data centres, dark fiber and Internet Access Provider (IAP), to cloud services, cloud connectivity and Managed Service Provider (MSP).

  • DC to Cloud Service: Huawei’s cloud DC network features elastic scalability, easy O&M, and agile deployment, and an energy-saving technical solution with modular design. In addition, visualized tools for business design help complete business computing, storage, network, and application resource allocation within 10 minutes. The innovative SDN is compatible with traditional network solutions and integrates software and hardware to reduce the configuration workload by 90%.
  • Dark Fiber to Cloud connectivity: Huawei’s solutions include interconnection switching devices designed with innovative SDN architecture and Cloud Fiber. This enables ISPs to implement fast transmission, flexible scheduling, and fast migration of data on a wide area network (WAN), and build and support virtual bandwidth operation services.
  • IAP to MSP: Huawei demonstrated its rich service access capabilities to help IAPs improve competitiveness in bandwidth acceleration and help identify new opportunities for MSPs and develop cloud-based WiFi management solutions for enterprise customers.

SOURCE Huawei

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Sleep interiors brand gets job offer from Peter Jones despite not securing investment in Dragons Den

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LONDON, March 29, 2024 /PRNewswire/ — Tonight on BBC1, REMY founder Abeer Iqbal, entered the Den, and despite intense grilling and no investment, left with a six-figure job offer from Peter Jones

Abeer’s pitch began with the Dragon’s keen to experience his sleep-enhancing furniture. When Steven and Peter laid on his hero  ‘The Pod’, a reinvention of the beanbag, and under REMY’s best-selling ‘The Lounger’ weighted blankets, the dragons closed their eyes and pretended to snore. Which was ironic, as despite being told he’d enter the Den around 5pm, Abeer actually went in at 9.30pm, after the dragons had been receiving pitches since early that day, which to Abeer’s own admission “wasn’t easy”. Deborah Meaden said, “This might have been a fatal mistake to put your dragons to sleep before we start the pitch” – recognising that it had been a long day.

After 10+ years working in tech, helping multi-million pound businesses grow their empire at software giants like Shopify, Abeer experienced burn-out, which led him to develop REMY. Despite Abeer telling the dragons that he left the high-pressure industry due to stress and anxiety Peter Jones still offered him a job back in the rat race with a six-figure sum (which he still hasn’t taken). 

After leaving the Den, Abeer admitted feeling the “most anxious ever” and that he “just wanted to get back to his wife for a hug”.  Abeer shared, “I didn’t sleep for days, replaying every moment in my mind. I wanted to forget it.” But it’s not all bad, as Abeer explains, “the anxiety I experienced from the Den gave me a lightbulb moment and led me to create our most popular product yet – The Hugger Pillow. I needed a hug, so I created one”. 

Abeer continues, “I returned the next day to collect my items from the studio. I bumped into a fresh-faced Peter and Toukar in the carpark, they both praised my experience, Peter once again offered me a job and Toukar asked me to call him when I start the next business.”

The global ‘sleep economy’ is booming, projected to reach a record high of $585 billion this year. But Abeer felt he was unable to communicate this, “If I could have my time again, I would focus on the industry of Rest and Sleep rather than the specific products we were trying to innovate. I don’t think I articulated to the Dragon’s the size of the business opportunity that there is with REMY. In terms of what’s next, we are moving towards becoming a household name in rest and sleep but offering products in multiple categories.”

The Dragon that seemed to understand Abeer’s passion for this industry was Sara Davies, saying “I actually fundamentally don’t agree with what I’ve heard here. What I see in front of me, yes he is great at the e-commerce side of things but he gave up a career in corporate because he was passionate about this area. And if there’s one thing I know about business it’s that you will succeed when you pursue the thing you are passionate about. I wouldn’t discourage you to give up. Keep doing it and good luck. I think you could sell anything”.

You can watch Abeer Iqbal on Dragons’ Den on BBC iPlayer.

remysleep.com / @WEAREREMY

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Bitrue Coin (BTR) Analyzes User Behavior and Announces Upcoming Developments to Enhance Utility

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SINGAPORE, March 29, 2024 /PRNewswire/ — Bitrue, a leading cryptocurrency exchange serving over 10 million users globally, announces a focus on user behavior analysis to further develop the utility of its native token, Bitrue Coin (BTR).

“Understanding how our users interact with BTR is crucial for its continued growth,” states Robert Quartly-Janeiro, Chief Strategy Officer of Bitrue. “This analysis will guide upcoming developments that enhance the value proposition of BTR within the Bitrue ecosystem.”

The announcement follows a recent surge in interest surrounding exchange tokens, and digital assets used to pay for services to unlock benefits within specific cryptocurrency exchanges. Currently, BTR offers a compelling range of benefits to Bitrue users, including:

  • Reduced Trading Fees: BTR holders enjoy lower trading fees on the Bitrue exchange, incentivizing active participation in the platform’s marketplace.
  • Governance Voting Rights: BTR grants voting rights on select new listings, allowing users to influence the direction of the Bitrue platform.
  • Staking Opportunities: BTR holders can stake their tokens to earn passive rewards, providing an additional avenue for generating income within the Bitrue ecosystem.
  • Exclusive Airdrop Potential: BTR holders may be eligible for airdrops of new tokens listed on the Bitrue exchange, offering the chance to discover promising crypto projects early.
  • VIP Investment Caps: BTR unlocks higher investment caps for certain cryptocurrencies on the Bitrue platform, catering to high-volume investors.

“BTR already plays a multifaceted role in the Bitrue experience,” Quarterly-Janeiro continues. “By strategically expanding its utility based on user behavior analysis, we aim to solidify BTR’s position within the exchange token market and elevate its value proposition for our user base.”

The specific developments based on user behavior analysis are not disclosed at this time. However, Bitrue assures its users of continued transparency and will share details in due course.

Media Contact: Lily Ho, [email protected]

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Affordability, customisation and convenience: Term plans from India become more attractive and accessible for NRIs

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Term insurance from India emerges as preferred choice for NRIs seeking affordability and convenience

DUBAI, UAE, March 29, 2024 /PRNewswire/ — Policybazaar, India’s leading online insurance marketplace, is witnessing a significant increase in non-resident Indians (NRIs) choosing term insurance from India via its platform. This surge is driven by the unparalleled ease, affordability and accessibility offered by the Indian insurance market. While several factors contribute to the growing interest in term insurance in India, affordability and convenience stand out as primary reasons. The demand among the 18-60 age group has seen an impressive 130% year-on-year growth, with India emerging as the preferred choice for NRIs.

The surge in demand from NRIs can be credited to several standout features and benefits. Term policies from India cost up to 30-50% less for NRIs residing in the UAE and Singapore. Additionally, policies with coverage of up to INR 5 crores can be easily obtained with tele-medical check-ups from India, eliminating the need for physical visits. Unlike some countries with restricted policy terms and coverage, Indian term plans offer coverage for longer duration, extending up to 99 years.

Sarbvir Singh, Joint Group CEO, Policybazaar, states, “We are witnessing exponential growth in term insurance purchases from NRIs, particularly from the Gulf nations and Singapore. Policybazaar has focused its efforts on expanding term insurance protection in both Indian and overseas markets. The unmatched benefits offered by India, including competitive pricing, larger covers, and streamlined processing through video/tele medicals, are significant contributors to this demand. It is heartening to see NRIs realizing the importance of securing their dependents’ future and choosing Indian term insurance policies.”

Term Insurance for a 35 year old male, non-smoker
Policy term – 30 years

Country

India

UAE

Cover Amount

INR 2 Cr / AED 881 K

AED 900 K

Max Cover Upto

99 years

80 years

Premium in AED

AED 977.8

AED 1,539

Premium in INR

INR 22,193.00

INR 34,892.00

Free Add-ons

Early Payout on Terminal Illness + Waiver of Premium

Price Benefit

36% cheaper in India

Source: Policybazaar.com

NRIs are also eligible for 18% GST exemption* upon purchasing term insurance plans from India, when paying via their NRE accounts. This attractive pricing, along with the availability of longer-term plans, has led to a rise in demand among NRIs, especially from Gulf nations, where 65% of term insurance buyers hail from, with the UAE alone contributing 35%.

Rhishabh Garg, Head of Term Insurance at Policybazaar, adds, “The evolution in the Indian term insurance industry is marked by innovative offerings designed to meet the distinct needs of consumers overseas. The consumer-centric features in term plans from India are increasingly appealing to NRIs, which include return of premium at no extra cost, early pay-outs for terminal illness, premium waivers for permanent disability, and immediate pay-out of up to INR 2 lakhs on claim intimation for immediate obituary expenses.”

The accessibility of these plans is further enhanced through seamless processing for NRIs, whose average annual income exceeds INR 35 lakhs. Insurers now also offer a sum assured of up to 5 crores, ensuring adequate coverage based on Human Life Value (HLV) calculations. NRIs can also leverage Policybazaar’s search and comparison engine to browse the best suitable plans as per their needs and preferences.

With a commitment to providing comprehensive coverage and protection, Policybazaar continues to redefine the landscape of term insurance for NRIs, empowering them to secure their loved one’s future with peace of mind. As NRIs continue to seek comprehensive coverage and value-driven solutions, Policybazaar remains dedicated to delivering innovative term insurance products and services tailored to their evolving needs.

*Tax benefits are subject to change in tax laws

About Policybazaar.com

Policybazaar.com is one of India’s largest insurance marketplace. It is the flagship platform of PB Fintech, which owns the fintech brand, Paisabazaar.com, and lending & insurance marketplace in the UAE region, Policybazaar.ae. Policybazaar.com started with the purpose to educate people on insurance products and with its offerings has addressed the large and highly underpenetrated online insurance markets.

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