Singapore has again emerged as leader in Omdia’s Global Fiber Development 2022 Index, with maximum scores in seven of the nine metrics. It is closely followed by South Korea, China, the UAE, Qatar, and Japan. All territories in the leading cluster benefit from strong national broadband plans with ambitious targets around ultra-high-speed services.
Historically, several otherwise highly developed broadband territories that rank lower in the fiber index tended to suffer from less clear or ambitious national plans, providing weaker incentives for operators to invest. However, due in part to the COVID-19 crisis demonstrating how important broadband networks are, governments are now strengthening their broadband targets and increasing their focus and investments in fiber-based infrastructure.
Research Director Michael Philpott said: “Fiber investment is an essential metric for government institutions and other stakeholders to track. As a broadband-access technology, optical fiber provides an optimized, highly sustainable, and future-proof quality service. This superior level of quality is essential for the development of future digital services and applications across all verticals.
“With increased efficiency stimulating greater innovation, high-speed broadband has been proven to drive not just consumer satisfaction but national economic indicators such as GDP and productivity. Only by maximizing investment in next-generation access can countries optimize their growth potential, and fiber-optic technology is key to that investment.”
Omdia’s Fiber Development Index tracks and benchmarks fiber a broad set of fiber investment metrics across 88 countries, including:
- Fiber to the premises coverage
- Fiber to the household penetration
- Fiber to the business penetration
- Mobile cell site fiber penetration
- Advanced WDM technology investment
Based on Omdia’s analysis of Ookla Speedtest data, the Index also quantifies the overall broadband quality of experience improvements driven by that investment, namely:
- Median download speed
- Median upload speed
- Median latency
- Median jitter
Michael Philpott and a team of Omdia analysts will be presenting and debating a wide range of upcoming telecoms issues and trends at Network X between 18-20 October 2022. Register for a media pass or request a virtual briefing here.
Omdia, part of Informa Tech, is a technology research and advisory group. Our deep knowledge of tech markets combined with our actionable insights empower organizations to make smart growth decisions.
PayerMax makes its Southeast Asia debut at Singapore Fintech Festival 2022
“Collaboration is key to establish a secure and reliable digital payment ecosystem”
PayerMax, an omni-method global payments solution supporting more than 350 local payment methods across Southeast Asia, South Asia, MENA and LATAM, made its Asia debut at the Singapore Fintech Festival earlier this month. Sharing the stage with key fintech players like Ant Group, GCash, and Coinbase, PayerMax shared expertise from its strategic playbook on post-covid cross border payments and navigating diverse regulatory landscapes.
Singapore Fintech Festival made its first return as an in-person event since the pandemic, with attendees belonging to key sectors like finance institutions, fintech solutions providers, blockchain, higher education and even policy makers and more. This year, along with SFF’s theme of ‘Building Resilient Business Models amid Volatility and Change’, PayerMax spoke on the evolving digital habits of consumers spurred by the pandemic and how to be future ready. They highlighted that collaboration is the key to shaping the future of digital payments, especially stressing on the need for public and private sectors to work together in the ecosystem.
At a regional level, the digital payments landscape in Southeast Asia is expected to reach US$1.5 trillion by 2030, underscoring the saliency of cashless, contactless, and cross-border payments. Online businesses have mushroomed across Southeast Asia which has made it imperative for the governments to set up a digital payments infrastructure that ensures a safe, secure and reliable ecosystem for all. Leveraging on its partners across Southeast Asia and around the world, PayerMax intends to drive the industry forward by powering businesses to seize opportunities for growth within as well as beyond borders.
“Today, 6 in 10 Southeast Asians remain underbanked or unbanked. Technology is opening doors to newer solutions to enable financial inclusion and we expect to see the digital transformation of banking only grow with time,” says Rinkesh Sharma, Regional Director for PayerMax. “The on-going payments revolution has given way to growth opportunities for microbusinesses and SMEs. But to establish a secure and reliable digital payment ecosystem, collaboration is key. ”
PayerMax empowers global merchants to achieve borderless growth, by providing a full-stack solution where localized payment methods are accepted at scale, within a highly secure, robust and compliant environment.
PayerMax is the world’s leading omni-method global payment solution, with over 350+ payment methods over 5 continents focusing on empowering the #borderless growth of the world’s top grossing digital merchants from developed markets.
Established in 2020, PayerMax is the emerging markets’ leading regulated digital payment provider servicing online merchants that have ambition beyond borders. PayerMax is headquartered in Singapore with head offices and presence in Indonesia, Thailand, Philippines, Malaysia, Vietnam, United Arab Emirates, Kingdom of Saudi Arabia, Brazil and China.
United BioChannels Acquires ORFLO Technologies to Expand Market Share and Enhance Customer Engagement
United BioChannels (UBC), a commercial strategy consultancy, announced its acquisition of ORFLO Technologies, LLC, from Gemini Bioproducts. The acquisition represents an opportunity for both ORFLO and UBC to collaboratively increase the commercial presence of ORFLO and build market share using UBC’s Modular Method of developing commercial strategy and tactical execution. ORFLO, a leading manufacturer of cell counting and characterization technologies, will be led by Varshal Davé, UBC’s Managing Partner, who will assume the role of Chief Executive Officer. The acquisition is funded through a collaboration between UBC and BroadOak Capital Partners.
“We are very excited to bring ORFLO Technologies into the United BioChannels family,” said UBC’s President Jeff Whitmore. “ORFLO has historically lacked a strong commercial focus, so our expertise presents an opportunity for a synergistic relationship. We believe that our processes will lead to increased visibility and revenue for ORFLO.”
“We have been tracking the progress of ORFLO Technologies for quite some time,” added Bill Snider, Partner at BroadOak Capital Partners, “and we see some great potential that the UBC team can unlock. ORFLO has a strong market presence and we think UBC’s leadership can only help the company grow.”
Cell and gene therapy, amongst other bioprocessing applications, require robust instrumentation as integral components of their workflow. Cell counters in particular serve critical quality control functions in multiple stages of these complex processes. Ketchum, Idaho, based ORFLO Technologies has excelled in these processes, having been implemented as standard instruments in regulated workflows for many leading bioprocessing companies. With a strong market presence having over 3,000 instruments installed worldwide, ORFLO has an established customer base that the company can build upon under UBC’s leadership.
United BioChannels is a global network of life sciences sales and executive professionals in strategic locations and science hubs. We are an experienced team with a diverse background in launching new technologies and with decades of commercial experience. We use a validated approach to get solutions to the right people. Through extensive due diligence to understand our clients’ unique situations, we can pinpoint the correct market segments to maximize success. We test market hypotheses and build messaging and sales tools, creating “win-win” relationships.
OverIT provides remote assistance powered by Augmented Reality to Naturgy's field technicians
OverIT, worldwide reference company in the sector of Field Service Management software, has reached an agreement with Naturgy, leading multinational company in the gas and power sectors, through its electrical generation international subsidiary Global Power Generation (GPG) to provide remote assistance to maintenance staff working in the field on wind farms in Chile and gas combined-cycle power plants in Mexico, planning to extend the reach to other countries soon.
By using OverIT’s Next-Gen FSM Platform, GPG is planning to increase workforce’ safety, leveraging hands-free technologies (even in hazardous environments) and receiving real-time support powered by Augmented Reality, boost efficiency, relying on digital work instructions and accessing corporate knowledge base, and reduce travel times and costs dramatically, with the support of remote assistance.
This agreement forms part of Naturgy’s commitment to innovation for turning risks into opportunities and contributing to the creation of a smart company, aiming at maintaining its leadership position in a context characterized by constant transformation. The company has also adopted best practices, new business models, and modern technologies to be more efficient, competitive, and at the forefront of innovation, by placing the client at the center of its attention.
“The trust that a worldwide leading company like Naturgy GPG has placed in OverIT represents a strategic partnership, strengthening, even more, our leadership position in the Energy & Utility industries”, said Javier Fraile, Sales Director at OverIT.
Naturgy is a multinational energy group operating in 20 countries with over 16 million customers and an installed capacity of 15.9 GW.
OverIT, backed by Bain Capital and NB Renaissance, is a multinational company with more than 20 years of international and cross-industry experience in Field Service Management software. The company is recognized by premier global advisory and consulting organizations as a leading FSM and AR industries vendor, according to its product offering and deep industry expertise. OverIT has over 300 customers in 30+ countries.
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