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Utilities Sector Can Enhance Risk Management and Resilience With Exponential IT, Says Info-Tech Research Group in New Resource

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Info-Tech Research Group’s recently published industry research offers the utilities sector strategic insights to enhance innovation, resiliency, and operational efficiency through the adoption of Exponential IT. The firm’s new blueprint addresses industry-specific challenges, providing IT leaders with the five priorities to drive digital transformation and maintain competitiveness in a rapidly evolving technological landscape.

TORONTO, June 21, 2024 /PRNewswire/ – The utilities industry is facing unprecedented challenges due to rapid technological advancement, increasing regulatory demands, and evolving customer expectations. As a strategic response to these disruptions, many utilities have embraced digital transformation. However, IT leaders often grapple with specialized knowledge gaps needed to leverage emerging technologies and trends effectively. To address these challenges and foster innovation and agility, Info-Tech Research Group has published its latest blueprint, Priorities for Adopting an Exponential IT Mindset in the Utilities Industry. The firm’s comprehensive research and insights provide utilities IT leaders with the tools to identify and tackle specific pain points, optimize operations, and deliver value-added services swiftly and efficiently.

“As technological disruption accelerates exponentially, every utility organization will inevitably transition into a digital utility,” says Jing Wu, principal research director at Info-Tech Research Group. “At this crucial inflection point, technology leaders must shift their mindset to embrace Exponential IT. To capitalize on this upcoming opportunity, IT leaders must evolve into business leaders who unlock advanced value for the organization while mitigating exponential risks effectively.”

Info-Tech’s new resource highlights the utilities sector’s struggle with balancing the benefits of emerging technologies while managing associated risks. For example, IT and OT departments are currently burdened with existing technical debt, which diverts their focus from maximizing the value of new technologies. However, rapidly delivering services and staying ahead of industry trends and business demands are increasingly critical in the evolving technology landscape. The firm advises that adopting an Exponential IT mindset is essential for enhancing risk management, resiliency, and sustainability in the utilities sector. This approach involves integrating advanced technologies to optimize operations, drive continuous innovation, and provide personalized customer experiences. Info-Tech explains by embracing Exponential IT, utility sector can navigate industry disruptions and meet the evolving expectations of their audiences. 

“The utilities industry urgently needs to adopt Exponential IT to counter industry disruptions and embrace opportunities,” explains Wu. “Recognizing and integrating core foundational capabilities are considered crucial initial steps in starting a successful Exponential IT transformation, resulting in the generation of value in the industry.”

The blueprint details how the utilities industry is striving to excel in the next wave of technology-driven evolution, presenting CIOs with a unique opportunity to showcase their organizational leadership. To seize this opportunity, Info-Tech advises that CIOs transition from merely providing services to delivering organizational capabilities and taking ownership of organizational objectives.

In Priorities for Adopting an Exponential IT Mindset in the Utilities Industry, Info-Tech recommends five industry-specific priorities for IT leaders to effectively implement an Exponential IT transformation in the utilities sector. They are:

Build an Adaptive Delivery Model: Enable more flexible and efficient delivery of products and services. This priority involves adopting agile methodologies, streamlining workflows, and ensuring rapid adaptation to technological and market shifts.Optimize & Automate Operations: Maximize efficiency while mitigating risks through intelligent automation and data-driven decision-making. This process includes implementing AI and machine learning for predictive maintenance, automating routine tasks to reduce manual workloads, and using data analytics for proactive risk management.Broker Strategic Relationships: Strengthen and build both external and internal relationships to better align IT capabilities to organizational goals. Establish partnerships with technology vendors, collaborate with regulatory bodies, and foster cross-functional teamwork within the organization to ensure cohesive and strategic IT initiatives.Embrace Digital Innovation: Evaluate and adopt solutions that drive consumer value, enterprise growth, and innovation. Explore and implement emerging technologies such as IoT, blockchain, and advanced analytics to enhance service delivery, improve customer engagement, and drive business growth.Cultivate Workforce Flexibility: Dismantle traditional jobs and hierarchies, normalize new collaborative ways of working, and adopt a federated and hybrid IT operating model. Promote continuous learning and development, encourage cross-functional collaboration, and create an adaptive workforce capable of thriving in a dynamic technological landscape.

To remain at the forefront of the rapidly advancing technology landscape, adopting an Exponential IT mindset is paramount for the utilities sector. Info-Tech recommends that organizations evaluate their readiness and embark on a transformational journey to maintain competitiveness and relevance.

The firm’s latest research provides a comprehensive framework for IT leaders to transform their organizations, elevate value-creation capabilities, and effectively bridge the gap between the exponential progression of technological change and IT’s linear progression in effectively managing that change. Info-Tech advises that by following this strategic roadmap, utilities can ensure long-term sustainability and success in an ever-evolving market.

For exclusive and timely commentary from Jing Wu, an expert in the utilities sector, and access to the complete Priorities for Adopting an Exponential IT Mindset in the Utilities Industry blueprint, please contact pr@infotech.com.

Info-Tech LIVE 2024
Registration is now open for Info-Tech Research Group’s annual IT conference, Info-Tech LIVE 2024, taking place September 17 to 19, 2024, at the iconic Bellagio in Las Vegas. This premier event offers journalists, podcasters, and media influencers access to exclusive content, the latest IT research and trends, and the opportunity to interview industry experts, analysts, and speakers. To apply for media passes to attend the event or gain access to research and expert insights on trending topics, 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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SOURCE Info-Tech Research Group

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FPG Fortune Prime Global – Awarded “Best Forex Broker” & “Best Low Spread Broker”

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HANOI, Vietnam, April 10, 2025 /PRNewswire/ — In the highly competitive forex industry, FPG Fortune Prime Global (FPG) has stood out with its top-tier trading environment, razor-sharp spreads, and outstanding customer service. These strengths earned FPG the 2023 “Global Forex Broker Of The Year” award from WikiFX and 2024 “Best Trading Liquidity” award from BrokersView. More recently, FPG has reinforced its position as a leading forex broker in Asia by winning two prestigious awards from International Business Magazine: Best Forex Broker in Southeast Asia 2025 and Best Low Spread Broker in Asia 2025, further validating its position as a leader in deep liquidity and lightning-fast trade execution.

FPG offers cutting-edge trading platforms (MT4 & MT5) and runs a high-performance global server network, ensuring traders enjoy a seamless and efficient experience. By partnering with top-tier liquidity providers, FPG delivers ultra-low spreads, helping traders reduce costs. In addition, multi-jurisdictional regulatory oversight provides a secure and transparent trading environment.

With these advantages, FPG serves traders worldwide, helping them reach their financial goals. For more details, visit fortuneprime.com or contact us at support@fortuneprime.com.

About FPG Fortune Prime Global

Founded in 2011, FPG Fortune Prime Global has been a trusted name in financial trading for over a decade. The company has offices and business representatives across Australia, Thailand, Cyprus, Vietnam, India, Indonesia, the Philippines, and Europe, ensuring global coverage for its clients.

FPG is backed by the financial strength of FPG Capital Group, which operates in real estate development, construction, lending, trade & export, and logistics. With over 30 years of steady growth and innovation, the group provides a solid foundation for FPG’s expansion. This strong backing has helped FPG Fortune Prime Global become a top choice for traders worldwide.

https://fortuneprime.com/
https://linkedin.com/company/fpgfortuneprimeglobal
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https://www.instagram.com/fpg_official/

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SOURCE FPG Fortune Prime Global

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CCV Capital’s Founding Managing Partner Wei Zhou Attends the 2025 Harvard College China Forum

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CAMBRIDGE, Mass., April 10, 2025 /PRNewswire/ — From April 4th to April 6th, 2025 (Eastern Time), the 28th Harvard College China Forum was successfully held on the campus of Harvard University. Wei Zhou, Founding Managing Partner of CCV Capital, Former Managing Partner of KPCB China, was invited to attend the forum and participated in a roundtable discussion themed “Business Development,” sharing insightful perspectives and forward-thinking views on the topic of “Cross-border Innovation and Venture Capital.”

Wei Zhou has long focused on early-stage investments in intelligent technologies, sustainability, globalization, and cutting-edge global technologies, especially demonstrating extensive experience and unique insights in artificial intelligence and innovative technologies. During the forum, he emphasized the pivotal role of AI technologies in driving cross-border innovation, stating:

“Deepseek has sounded a global alarm, demonstrating a groundbreaking approach to large models, while Manus has set a global benchmark for application developers, illustrating how applications should be built. Both have offered enlightening revelations, albeit at different layers—the foundational and the application layers.”

He further highlighted:

“It’s no longer appropriate to evaluate application-layer products by foundational-layer standards. Without robust application-layer support, foundational technologies risk becoming self-indulgent. Only by truly moving towards practical applications can AI deliver universal value.”

Wei Zhou’s insights not only provide fresh perspectives for the future development of AI technologies but also inject practical inspiration into cross-border innovation and global collaboration.

Discussing the significant structural changes in the venture capital industry over the past eighteen months, Wei Zhou noted:

“The venture capital landscape has undergone dramatic structural shifts in the past two years. Silicon Valley’s VC industry has become fiercely competitive, leading to significant turnover and a notable decline in fundraising. However, AI has emerged as a standout growth area and a focal point for global investments.”

To entrepreneurs navigating these changes, Wei Zhou offered three key recommendations:

“First, maintain the advantage of rapid iteration and continuous improvement. Second, entrepreneurs should strategically align their ventures with large enterprises, as major corporations will consistently acquire innovative startups to keep pace with AI advancements. Third, entrepreneurs should target global markets, particularly emerging regions with less competition, such as Mexico, where abundant opportunities exist.”

At the conclusion of the roundtable, Wei Zhou also shared valuable advice for aspiring young venture capitalists:

“First, venture capital is inherently social; building extensive networks and relationships is essential for accessing high-quality investment opportunities. Second, successful VC practitioners must possess sharp insights into future trends and quickly identify market sparks. Individuals who rely solely on cautious, analytical approaches may find this dynamic and rapidly evolving field unsuitable.”

The Harvard College China Forum, organized entirely by students, is the largest and longest-running China-focused summit globally. Under the theme “Navigating Changing Times,” this year’s forum aimed to foster dialogue among leaders and thought pioneers across political, business, and academic circles from both China and the United States, exploring opportunities and building consensus for mutually beneficial long-term cooperation.

During the forum, prominent figures from the business, political, and academic communities worldwide gathered to engage in in-depth discussions on frontier topics such as international relations, economics, biotechnology, and artificial intelligence. Distinguished guests included Kevin Rudd, former Prime Minister of Australia; Xavier R. Rolet, former CEO of the London Stock Exchange Group; Alexis Tsipras, former Prime Minister of Greece; Hu Wei, President of Bank of China USA and Chairman of the China General Chamber of Commerce-USA; and George Church, Professor of Genetics at Harvard University and Member of the U.S. National Academy of Sciences.

Established in 1997, the Harvard College China Forum is devoted to building bridges between China and the world, exploring the role and contributions of Chinese enterprises within the global context. In their opening speeches on April 5th, several guests highly praised the stabilizing role of China’s economy in the global market, Chinese enterprises’ commitment to developing new productivity paradigms, and the promising prospects of China’s vast market.

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SOURCE CCV Capital

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BWI secures annual 400,000-unit MagneRide® suspension project

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KRAKOW, Poland, April 11, 2025 /PRNewswire/ — BWI Group has recently secured a project to supply magneto-rheological suspensions to a leading automaker, covering multiple models including sedans, SUVs, and high-performance vehicles, with an annual volume of approximately 400,000 vehicles within a life cycle. Meanwhile, the productivity of the fourth-generation MagneRide® suspension is continuing to expand.

As a world-renowned tier-1 automotive supplier, BWI Group has developed prototype vehicles for this project, incorporating the MagneRide® suspension as the core of the chassis, achieving substantial enhancements in chassis performance. This innovative suspension system significantly improves handling while excelling in comfort and stability across multiple dimensions. The high recognition from a leading automaker highlights BWI Group’s cutting-edge suspension technology and reinforces its leadership position in chassis and suspension sectors.

Superior Value and Performance
The fourth-generation BWI MagneRide® suspension boasts a simple structure with active suspension technology, delivering superior handling, comfort, and safety for vehicles. This makes it an optimal choice for smart chassis upgrades involving active suspension systems. The company plans to leverage economies of scale to substantially reduce the cost of this world-leading active suspension technology, thereby making it more accessible to consumers.

When driving a vehicle equipped with the fourth-generation BWI MagneRide® suspension, sensors collect real-time data from the entire vehicle, including the wheels and pedals. The ECU processes this data to perform ultra-high-frequency adjustments up to 1,000 times per second, achieving a response speed 5 to 10 times faster than traditional systems. At a vehicle speed of 100 km/h, the suspension can adjust approximately every 2.5 cm of travel. With a dynamic adjustment range in damping that is about twice that of other technologies, it offers a better balance between comfort and handling.

In the production and development of car models, MagneRide® suspension does not require complex valve systems. The hardware is easier to standardize and universalize, allowing different damping characteristics to be achieved through software adjustments, making it highly adaptable to various scenarios. This flexibility in tuning facilitates subsequent OTA upgrades during vehicle development. The symmetrical compression and rebound forces provide fine-tuning capabilities unmatched by other suspensions, allowing for precise adaptation to minor road surface changes and significantly reducing the tuning and development cycle.

CONTACT: aneta.kwiatkowska@bwigroup.com 

View original content:https://www.prnewswire.co.uk/news-releases/bwi-secures-annual-400-000-unit-magneride-suspension-project-302425720.html

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