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FPD factory utilization poised for recovery and growth from 2H24, forecasts Omdia

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LONDON, May 23, 2024 /PRNewswire/ — Over the course of the flat panel display (FPD) industry’s history, factory utilization has typically averaged approximately 84%. However, from 3Q22 to 4Q23, as the FPD market struggled to recover from the post-pandemic glut, industry-wide loading dropped significantly to 70.7%.

With demand growth finally outpacing capacity expansion, it will enable large-area focused factory utilization to increase to almost 90% in 3Q24 and remain healthy in future years, as revealed in Omdia’s recently released OLED and LCD Supply Demand and Equipment Tracker.

Utilization correlates closely with demand for panels, materials, panel prices, and profitability, and is therefore an important metric for analyzing the FPD industry. Thorough supply chain surveys generate accurate actual utilization and short-term forecasts. However, due to short material lead times, it’s necessary to model longer-term utilization rates as a function of supply and demand.

“Large-area factory utilization averaged about 74% in 2022 and 2023. In 2024, panel area demand is expected to increase by 11%, as consumers continue to buy larger monitors and TVs when replacing older sets. The weighted average LCD TV size grew an incredible 2.9″ in 2023. From 2024, LCD TV size is forecast to expand again by 1.6″ and by another 1.1″ in 2025. Larger panels combined with a 7% recovery in unit demand will support above 82% average factory utilization in 2024. Using supply/demand analysis scenarios, utilization is modeled to further increase annually to nearly 89% in 2026,” commented Charles Annis, Practice Leader in Omdia’s Display Research group.

Sharp’s recently announced plan to close its SDP Gen 10 LCD factory in Sakai, Japan will significantly reduce available production capacity. It will lead to more balanced supply and demand as well as an increasing number of quarters where large-area utilization rises to 90% or higher.

“90% utilization is a sweet spot that supports firmer panel prices and encourages moderate capacity expansion. Finding this optimum balance between capacity, utilization, growth, and prices to maximize profitability is both the goal and the challenge for FPD supply chain companies as the industry matures,” concludes Annis. 

ABOUT OMDIA

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.

Fasiha Khan: Fasiha.khan@omdia.com

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The A.M.E. Zion Church Adopts New Common Measurement for the Health of its Churches and Congregations

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Announcement is the first from a major U.S. denomination, leveraging Gloo technology and research from Barna and Harvard

CHARLOTTE, N.C., Dec. 4, 2024 /PRNewswire/ — The African Methodist Episcopal Zion (A.M.E. Zion) Church denomination announced the broad adoption of the State of Your Church metrics for all of its 1,600 churches in the United States. The A.M.E. Zion Church will now have a common way to track the health of its congregations, along with the holistic well-being of its 1.5 million congregants.

“Our churches have always tracked traditional things such as church membership growth and decline, attendance and monetary giving,” said Rev. Dr. J. Elvin Sadler, General-Secretary Auditor of the A.M.E. Zion Church. “Until now, we’ve lacked the insight to understand how church culture, people and congregations are truly doing. The State of Your Church dashboards will give us a better sense of the spirit and language of the culture (ethos), and powerful new tools to put in the hands of every pastor.”

Formed through the work of The Barna Group and Gloo, the State of Your Church includes an open-sourced framework designed to give every church, denomination, and Christian organization a common way to measure what matters in ministry. Composed of the seven dimensions of flourishing people and the 15 dimensions of church thriving, the metrics are the foundation of a kit available to every church.

Churches measure their people along the seven flourishing dimensions, and also track the thriving of their churches along 15 dimensions grouped into the categories of nurturing, sending and leading. The complete set of metrics is gathered through a free assessment, the Barna ChurchPulse. It can be deployed and used by any church, for free, using Gloo.

“We are encouraging every one of our U.S. churches to better understand and interpret the condition of their congregations and communities,” said Rev. Dr. Eleazar Merriweather, Director of the Department of Church Growth and Development. “Having this information will allow our pastors and leaders to better know and care for their people. It will also give District and Annual Conferences the data needed to better equip each church.”

Bishop Darryl B. Starnes Sr., Senior Bishop of The A.M.E. Zion Church and Administrative Board Chair of the Department of Church Growth and Development said, “The world is changing. How we did church in the 20th century and even the last 10 years of this century has shifted dramatically. Serving and meeting the needs of an ever-changing culture can only happen with having the proper tools and resources to impact our communities. The A.M.E. Zion Church fully supports the 15 dimensions of thriving congregations and seven dimensions of human flourishing and looks forward to partnering with Gloo and Barna to positively and effectively impact our churches and communities.”

Gloo provides tools to enable the new measures, as part of a State of Your Church kit. The kit leverages free texting tools, online assessment technology, promotional materials, and dashboards so that church leaders can give every congregation member a personal report on how they are flourishing. Each congregant has the option to share their results back to the church in an identified or anonymized form. Church leaders then get a church-wide report to better see the overall levels of flourishing in their people and the thriving scores for their church, which helps them to better serve their congregation as a whole.

“Church leaders realize that something has changed when it comes to growing their attendance, giving, and other conventional measures,” said Brad Hill, chief solutions officer at Gloo. “We’re thrilled that A.M.E. Zion will be equipping all of its pastors with tools to navigate ministry in today’s world. The State of Your Church was built to help pastors not only know their people better but also to more effectively disciple them with the resources and next steps so that every person can grow.”

The A.M.E. Zion Church Department of Church Growth and Development will be promoting the State of Your Church kit throughout its various denominational conferences and events in 2025.

Gloo is the platform company for the Christian ecosystem. As a leading technology innovator, Gloo connects ministry leaders to resources, people, data and insights and funding so their people and communities flourish and their organizations thrive. Gloo is based in Boulder, Colorado.

The A.M.E. Zion Church, founded in 1796, has more than 1.5 million members, providing education through one of the largest school systems in partnership with the Nation of Ghana, as well as through colleges and seminaries, in addition to hospitals and other outreach and humanitarian activities in many areas around the world. Known as “The Freedom Church,” with such notable figures as its founding Bishop James Varick, Harriet Tubman, Frederick Douglass, Sojourner Truth, Paul Robeson, and Coretta Scott King, the denomination has 6,000+ churches in 27 countries and five continents around the world.

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Child Welfare Agencies’ Challenges With Software Selection Addressed in Info-Tech Research Group’s New Framework

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Using research insights from Info-Tech’s recent blueprint, child welfare agencies can tackle the complex challenges of software selection and modernization. This new resource provides solutions to common hurdles, including misleading vendor pitches, intricate RFPs, and lengthy decision-making timelines. By empowering IT leaders to make informed, data-driven decisions, the global research and advisory firm’s framework will streamline processes, improve service delivery, and ultimately foster better outcomes for youth and families in need.

TORONTO, Dec. 4, 2024 /PRNewswire/ – Child welfare agencies are at a critical juncture where outdated systems, fragmented platforms, and the rising costs of modernization threaten their ability to meet compliance demands and provide effective services. To address these pressing challenges, Info-Tech Research Group has published its blueprint, Leverage a Rapid Application Selection Framework to Support Youth and Family Services Agencies, offering a step-by-step framework designed to streamline operations, modernize technology, and improve service delivery. By implementing these practical strategies, IT leaders in the agencies can drive meaningful outcomes and better support youth and families in need.

“The integration of advanced technologies in child welfare services presents significant opportunities for improving outcomes for youth, families, and the foster care population,” says Neal Rosenblatt, principal research director at Info-Tech Research Group. “Addressing the ongoing challenges and making targeted investments in technology are crucial steps toward realizing this potential.”

Info-Tech’s newly published blueprint emphasizes that with no universal solution available to meet the diverse needs of child welfare agencies, identifying technology tailored to specific organizational requirements while addressing broader system modernization challenges is a critical priority. The firm’s resource provides valuable insights into emerging trends, key challenges, and strategic technology investments, along with a rapid application selection framework designed to guide agencies through the complexities of legacy system modernization.

The potential integration of advanced technologies in child welfare services presents significant opportunities for improving outcomes for youth, families, and the foster care population. The firm advises that addressing the ongoing challenges and making targeted investments in technology are crucial steps toward realizing this potential.

Selecting the right software to support critical operations has long been a significant hurdle. In its Leverage a Rapid Application Selection Framework to Support Youth and Family Services Agencies blueprint, Info-Tech outlines the software selection challenges IT leaders in child welfare agencies can face. These challenges, which can delay progress and reduce impact for children and families, include the following:

Vendors put on dog and pony shows: Vendors often captivate audiences with glossy presentations and persuasive sales tactics that obscure the real capabilities or limitations of their software. This approach can mislead decision-makers, resulting in solutions that fail to deliver on key requirements after implementation. RFP overload kills momentum: The traditionally exhaustive approach to request for proposals (RFPs) involves creating lengthy lists of standard must-have features. While these documents are designed to be thorough, they frequently become overly intricate, slowing down the process and diverting precious time and resources away from high-level strategic decisions.Selection takes forever: Conventional software selection processes can be lengthy, stretching for months or even years. This delays the adoption of modern technologies that could address operational challenges and improve outcomes.Stakeholders aren’t satisfied: After lengthy and costly implementations, stakeholders find that the selected solution falls short of meeting critical expectations and organizational needs. This can lead to dissatisfaction, wasted investments, and a continuation of inefficient practices.Decisions aren’t data-driven: Decision-making within the software selection process is frequently guided by instinct or intuition rather than objective data. This lack of a structured, data-driven approach increases the likelihood of choosing systems that inadequately serve the organization’s goals.Negotiations are a weak link: Contract negotiations can be another stumbling block, as agencies without seasoned negotiators may leave money, value, or key deliverables on the table during vendor agreements. This often results in subpar deals that don’t maximize financial and operational benefits.

By adopting Info-Tech’s Rapid Application Selection Framework, youth and family services agencies can overcome these challenges and streamline their software selection process. The structured approach detailed in the blueprint can accelerate decision-making, ensure alignment with organizational needs, and help agencies avoid common pitfalls.

For exclusive and timely commentary from Neal Rosenblatt, an expert in public health research science, or to access to the complete Leverage a Rapid Application Selection Framework to Support Youth and Family Services Agencies blueprint, please contact pr@infotech.com.

About Info-Tech Research Group

Info-Tech Research Group is one of the world’s leading research and advisory firms, proudly serving over 30,000 IT and HR professionals. The company produces unbiased, highly relevant research and provides advisory services to help leaders make strategic, timely, and well-informed decisions. For nearly 30 years, Info-Tech has partnered closely with teams to provide them with everything they need, from actionable tools to analyst guidance, ensuring they deliver measurable results for their organizations.

To learn more about Info-Tech’s divisions, visit McLean & Company for HR research and advisory services and SoftwareReviews for software buying insights.

Media professionals can register for unrestricted access to research across IT, HR, and software and hundreds of industry analysts through the firm’s Media Insiders program. To gain access, contact pr@infotech.com.

For information about Info-Tech Research Group or to access the latest research, visit infotech.com and connect via LinkedIn and X.

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Soprano Design & BT Win Smarter Workflows Award for NHS Solution

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SOPRANO & BT TAKE HOME GOLD FOR CONVERSATIONAL AI SOLUTION REDUCING DID NOT ATTENDS & STREAMLINING CLINICAL PATHWAYS IN THE UK

SYDNEY, Dec. 5, 2024 /PRNewswire/ — Soprano Design, in partnership with BT, is thrilled to announce that its Patient Concierge solution has won the Smarter Workflows Award at the Smarter Working Live Awards 2024.

The Conversational AI-powered solution picked up gold at the prestigious UK public sector awards for its impact in reducing Did Not Attends (DNAs) and streamlining clinical pathways within the NHS.

By automating patient interactions and providing timely reminders and updates, Patient Concierge enhances patient engagement while easing administrative burdens facing healthcare professionals.

“We are excited to see our Conversational AI-driven solution recognised for its impact on improving healthcare workflows and driving better outcomes,” said Richard Favero, Founder and Chairman of Soprano Design.

“This award highlights our continued commitment to delivering real-world, impactful solutions that improve healthcare efficiency and patient outcomes. We know we’re making a difference, and this recognition fuels our passion to keep creating innovative communication solutions.”

– Dr Richard Favero, Founder and Chairman, Soprano Design

The Smarter Workflows award marks the second time this year that Patient Concierge has been recognised, following its gold win for Best AI Chatbot Solution at the Juniper Research Future Digital Awards.

About Soprano Design

Soprano Design is a leading CPaaS provider trusted by 150+ Fortune 500 companies globally and serves over 25 billion automated interactions for its enterprise and government customers every year. For more information about Soprano Design and its communication solutions, please visit sopranodesign.com/

Images available upon request.

 

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