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Smartling Unveils 2024 State of Translation Report, Highlighting Industry Trends and AI-Driven Efficiencies

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Smartling has released its 2024 State of Translation Report, which delivers unparalleled insights on a changing translation market.

NEW YORK, Sept. 25, 2024 /PRNewswire-PRWeb/ — Smartling, Inc., the LanguageAITM translation company, has released its 2024 State of Translation Report, which delivers unparalleled insights on a changing translation market. The report reveals that translation volumes are up 30% year over year, indicating a surge in demand for translation services across industries. And more AI adoption is on the horizon with three-quarters of the businesses intending to implement generative AI within the next year. Many enterprises are already using advanced technologies in translation — the report finds that 40% of all content is currently translated using machine translation — a clear indication of the new face of automation in meeting global language needs and increase cost efficiencies.

“Smartling is at the forefront of the industry’s transformation, delivering solutions that not only reduce costs but also enhance quality and speed,” said Bryan Murphy, CEO of Smartling.

“Everyone is being asked to do more with less,” said Kamal Thakarsey, CMO of Smartling. “Our report showcases how optimizing translation efficiency can help organizations stretch their budgets and meet growing demands for multilingual content.”

“Smartling is at the forefront of the industry’s transformation, delivering solutions that not only reduce costs but also enhance quality and speed,” said Bryan Murphy, CEO of Smartling. “We are excited to guide our customers through these changes, ensuring they connect with global audiences in meaningful and impactful ways.”

Key findings include:

AI adoption is up: Nearly 50% of companies experimented with large language models (LLMs) in 2024, and 75% plan to use them by next year.

Costs are down thanks to AI: AI-driven solutions have cut per-word translation costs by up to 40%, enabling companies to translate more content without sacrificing quality.

Regulatory and consumer pressures are driving localization: Stricter regulations and growing consumer demand drive organizations to revisit and enhance their multilingual capabilities.

The report will help localization professionals benchmark their translation programs and identify opportunities to optimize their operation.

Download the full report today from Smartling’s website at 2024 State of Translation Report.

About Smartling

Smartling’s LanguageAITM platform is revolutionizing digital content translation and localization. Recognized as the top translation management system by CSA Research and G2 users, Smartling uses AI and machine learning to eliminate manual tasks, integrate with existing techstacks, and deliver translation quality at scale— all at a fraction of the cost and turnaround time of traditional translation.

Smartling is the platform of choice for hundreds of B2B and B2C brands, including IHG Hotels & Resorts, Shopify, Pinterest, State Farm, British Airways, and Lyft. Smartling is a global team headquartered in New York City with an office in Dublin.

Media Contact

Sara Delacruz, Smartling, 1 (866) 707-6278, prforsmartling@bospar.comwww.smartling.com

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HCLTech ranked #1 India-headquartered company in TIME magazine’s World’s Best Companies 2024

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NEW YORK, Sept. 27, 2024 /PRNewswire/ — HCLTech, a leading global technology company, is honored to announce its ranking as the highest ranked India-headquartered company in TIME magazine’s World’s Best Companies 2024. This recognition highlights HCLTech’s exceptional performance across key parameters, including employee satisfaction, revenue growth and ESG (environmental, social and governance) metrics.

In addition to securing the top position among all India-headquartered companies, HCLTech is also distinguished in the global top 10 list within the Professional Services category. This marks the second consecutive year that HCLTech has been featured in these prestigious rankings.

“This accolade underscores HCLTech’s commitment to excellence and innovation,” said Rahul Singh, Chief Operating Officer of Corporate Functions, HCLTech. “It reinforces our leadership in the industry and our status as a top employer. Aligned with our purpose of ‘Supercharging Progress’ and ‘Find Your Spark’ employee value proposition, we are dedicated to maximizing employee potential, advancing community and social responsibility initiatives and achieving sustainability goals. We continue to set new benchmarks in fostering a people-centric culture and a sustainability-driven operating model.”

The World’s Best Companies 2024 ranking is a comprehensive analysis conducted to identify the top-performing companies across the globe. They were identified based on three primary dimensions: 

Employee Satisfaction: The surveys were conducted in over 50 countries, with data collected from approximately 170,000 participants. The evaluation encompassed direct and indirect recommendations of companies as well as evaluations from employers across the dimensions of image, atmosphere, working conditions, salary, and equality by verified employees.Revenue Growth: The companies generating revenue of at least $100 million in 2023 and demonstrating positive revenue growth from 2021 to 2023 were considered.Sustainability (ESG): Evaluated based on ESG data among standardized KPIs from Statista’s ESG database and targeted data research. 

This latest accolade further strengthens HCLTech’s impressive roster of awards, including recognition as a Forbes Best Employer for New Graduates, a Forbes Best Management Consulting Firm and a Global Top Employer by the Top Employers Institute. These honors collectively underscore HCLTech’s unwavering commitment to excellence, innovation and employee satisfaction.

Click here to learn more about HCLTech’s rank in TIME magazine’s World’s Best Companies 2024. 

About HCLTech 

HCLTech is a global technology company, home to more than 219,000 people across 60 countries, delivering industry-leading capabilities centered around digital, engineering, cloud and AI, powered by a broad portfolio of technology services and products. We work with clients across all major verticals, providing industry solutions for Financial Services, Manufacturing, Life Sciences and Healthcare, Technology and Services, Telecom and Media, Retail and CPG and Public Services. Consolidated revenues as of 12 months ending June 2024 totaled $13.4 billion. To learn how we can supercharge progress for you, visit hcltech.com.

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Frost & Sullivan Awards MC Digital Realty 2024 Japan Company of the Year Award for Leading Data Center Solutions

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MC Digital Realty leverages advanced technology and strategic investments to provide comprehensive colocation services in Japan’s data center market, addressing Japanese businesses’ needs for sustainability and AI workloads

SAN ANTONIO, Sept. 27, 2024 /PRNewswire/ — Frost & Sullivan recently researched the data center services industry and, based on its findings, recognizes MC Digital Realty: A Mitsubishi Corporation and Digital Realty Company, with the 2024 Japan Data Center Services Company of the Year Award. MC Digital Realty offers a full spectrum of data center solutions to over 5,000 customers across more than 25 countries on six continents.

“The company demonstrates a strong focus on the Japanese market through continued investments. Strategic partnerships and innovations aligning with transforming customer expectations enable the service provider to achieve success in the country,” said Nishchal Khorana, Global Vice President of ICT at Frost & Sullivan.

The company’s state-of-the-art data centers are designed to meet the rigorous demands of AI workloads, providing flexible and customized facilities that can easily handle intensive model training and real-time inferencing. By leveraging the strength of PlatformDIGITAL® Digital Realty’s global data center platform, MC Digital Realty interconnects over 1,100 cloud and IT services, 1,200 network services in 25+ countries, 50+ metros, and 300+ data center locations on six continents. Additionally, MC Digital Realty’s investments in liquid cooling solutions have enabled multiple data centers to handle the high-density demands of AI applications, solidifying the company’s position as a market leader.

The company regularly optimizes its operational resilience and disaster preparedness. It strategically locates its data centers in areas with low seismic risk and employs innovative seismic isolation technology to protect its infrastructure from natural disasters. Moreover, its commitment to turning data into actionable insights ensure uninterrupted customer service and unsurpassed reliability, helping the company stay at the top of its industry.

MC Digital Realty also demonstrates its market leadership by leveraging its relationship with Mitsubishi Corporation to match electricity usage in its colocation data halls with 100% carbon-free and renewable energy. It integrates advanced cooling technologies and energy-efficient infrastructure to minimize its carbon footprint. By adopting these green practices, the company meets ever-evolving regulatory requirements and exceeds industry standards, setting a new benchmark for environmental responsibility in the market. This initiative aligns with the growing demand for sustainable practices and reflects the company’s dedication to reducing its environmental impact.

“MC Digital Realty matches the electricity usage in the colocation service data hall at its NRT10 and KIX11 data centers with 100% carbon-free and renewable energy by purchasing FIT non-fossil certificates from MC Retail Energy. This commitment to renewable energy demonstrates sustainability prioritization and aligns with the growing demand for sustainable practices among customers,” said Ojaswi Rana, Best Practices Research Analyst at Frost & Sullivan.

“We are deeply honored to receive this award from Frost & Sullivan, a testament to our unwavering dedication to innovation and setting standards of excellence in the dynamic data center industry. Leveraging the strength of PlatformDIGITAL™, MC Digital Realty empowers businesses to harness the full potential of AI by delivering cutting-edge, sustainable facilities that anticipate future demands. This recognition validates our commitment to providing unparalleled flexibility, reliability, and environmental stewardship as we catalyze our clients’ accelerated digital transformation,” said Kosei Hatakeyama, Representative Director and CEO, MC Digital Realty, in accepting the award. 

Each year, Frost & Sullivan presents a Company of the Year Award to the organization that demonstrates excellence in terms of growth strategy and implementation in its field. The award recognizes a high degree of innovation with products and technologies, and the resulting leadership in terms of customer value and market penetration.

Frost & Sullivan Best Practices Awards recognize companies in various regional and global markets for demonstrating outstanding achievement and superior performance in leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analyses, and extensive secondary research to identify best practices in the industry.

About Frost & Sullivan

For six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders, and governments navigate economic changes and identify disruptive technologies, megatrends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion.

Contact:

Tarini Singh
P: +91- 9953764546
E: Tarini.Singh@frost.com 

About MC Digital Realty

MC Digital Realty, Inc., established in September 2017, is a 50/50 joint venture between Mitsubishi Corporation and Digital Realty. The company provides the full spectrum of data center services in Japan, including colocation and interconnection solutions, by leveraging MC’s real estate and infrastructure investment expertise and customer network, as well as Digital Realty’s leading global data center platform, PlatformDIGITAL®, with 5,000+ customers across 300+ data centers on six continents. For more information about MC Digital Realty, please visit https://www.mc-digitalrealty.com/ or follow us on LinkedIn.

Contact:

MC Digital Realty Public Relations Office
E: mc-digitalrealty-pr@kyodo-pr.co.jp

About Digital Realty

Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation and interconnection solutions. PlatformDIGITAL®, the company’s global data center platform, provides customers with a secure data meeting place and a proven Pervasive Datacenter Architecture (PDx®) solution methodology for powering innovation and efficiently managing Data Gravity challenges. Digital Realty gives its customers access to the connected data communities that matter to them with a global data center footprint of 300+ facilities in 50+ metros across 25+ countries on six continents. To learn more about Digital Realty, please visit digitalrealty.com or follow us on LinkedIn and X.

Contact:

Sin Huay Ho
P: +65 8125 8380
E: shho@digitalrealty.com

Photo – https://mma.prnewswire.com/media/2516459/MC_Digital_Award.jpg

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TOKEN2049 Doubles Down On Record Shattering Success: The World’s Largest Crypto Event In History With Over 20,0000 Attendees and 800 Side Events

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SINGAPORE, Sept. 27, 2024 /PRNewswire/ — TOKEN2049, the world’s largest Web3 and crypto conference, celebrated its week-long extravaganza as the entire industry converged in Singapore. The week culminated in the flagship conference on 18-19 September at Marina Bay Sands, where it saw 20,000 attendees and over 800 side events take place in the heart of Asia’s leading fintech capital.

Conference-goers experienced a star-studded lineup of speakers, including Vitalik Buterin, Co-Founder of Ethereum, Edward Snowden, renowned whistleblower and privacy advocate, Anatoly Yakovenko, Co-Founder of Solana, Balaji Srinivasan, and Arthur Hayes. Adding to the excitement were Formula 1 drivers Max Verstappen and Sergio Pérez from Oracle Red Bull Racing, Lando Norris from McLaren Racing, Grammy-nominated artist Iggy Azalea, and Bryan Johnson, visionary entrepreneur and longevity pioneer.

The conference served as the stage for numerous exciting announcements and developments in the crypto world, coupled with extensive networking opportunities. Some standouts include TOKEN2049’s inaugural NEXUS startup competition which saw 10 finalists go head-to-head for a chance to impress a panel of foremost venture capitalists and become the next crypto unicorn. Attendees were also given glimpses into venture capitalist Balaji Srinivasan’s new Network School, Solana’s new crypto phone ‘Seeker‘ and BitGo’s forthcoming stablecoin. Attendees at Vitalik Buterin’s talk were in for a special treat when the Ethereum founder decided to pay tribute to the songs from his past crypto projects.

Commenting on TOKEN2049’s all-out success, Alex Fiskum, Co-Founder of TOKEN2049 said “TOKEN2049 Singapore was more than just an event—it marked a historic milestone for the global crypto industry. Bringing together 20,000 attendees, over 400 exhibitors, and hosting over 800 side events, we set a new benchmark for what’s possible in the world’s largest crypto gathering. Feedback has been phenomenal, and I’m incredibly proud of our team, whose tireless dedication made this achievement a reality. TOKEN2049 continues to be a driving force in shaping the future of the industry, and we’re excited to carry this momentum into Dubai next April, where we’ll deliver an even more immersive and transformative experience.”

The celebration continued at the highly anticipated AFTER 2049, the exclusive official afterparty for TOKEN2049, hosted at the iconic Marina Bay Sands’ SkyPark Observation Deck. With breathtaking views of the Formula 1 evening session from the 57th floor, guests enjoyed unforgettable Singapore debut performances by headliner DJs WhoMadeWho and Da Capo. Elevating the experience, Polygon Production’s pioneering 360° sound system—also making its Singapore debut—enthralled partygoers in a truly immersive audio experience.

Building on the resounding success of TOKEN2049 Singapore, the event now sets its sights on Dubai. Taking place at the 5-star Madinat Jumeirah resort from 30 April to 1 May 2025, the conference promises an even more immersive and engaging experience for attendees.

TOKEN2049 will again be returning to Singapore next year on 1-2 October 2025, continuing its tradition of being the flagship event in the global Web3 calendar.

For more information and continued updates on TOKEN2049 Dubai, please visit: https://www.dubai.token2049.com/.

About TOKEN2049

TOKEN2049 is a global Web3 event series, organised semi-annually in Singapore and Dubai, where decision-makers in the global crypto ecosystem connect to exchange ideas, network, and shape the industry. TOKEN2049 is the preeminent meeting place for entrepreneurs, institutions, industry insiders, investors, builders, and those with a strong interest in the crypto and blockchain industry.

Media Contact:
token2049@wachsman.com 

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