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Tencent Cloud Named as a Major Player in IDC MarketScape for Edge Delivery

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HONG KONG, Nov. 29, 2024 /PRNewswire/ — Tencent was recognized as a Major Player in the IDC MarketScape: Worldwide Edge Delivery Services 2024 Vendor Assessment (doc #US51812424, November 2024) report. Tencent Cloud, as a representative vendor, has made a strategic move with its integrated edge platform, EdgeOne, positioning itself to capitalize on opportunities presented by edge services.

Strategy- and technology-driven, a truly one-stop edge cloud security and acceleration platform

Tencent Cloud’s globally launched EdgeOne solution is a truly one-stop cloud security and acceleration platform. It continuously refines its advantages in edge acceleration and edge security capabilities, catering to the needs of developer communities, media, and other industries, thereby driving digital transformation and rapid business growth across various sectors.

Specifically, in terms of edge acceleration, EdgeOne optimizes HTTP/HTTPS, TCP/UDP network transmissions, and combines dynamic and static content to provide efficient acceleration services for a diverse range of business content in a simple and streamlined manner.

On edge security, EdgeOne offers comprehensive security protection capabilities such as DDoS/WAF/Bot/rate limiting through a distributed architecture, further democratizing security capabilities and providing users with normalized protection.

The report notes, “Tencent Cloud supports flexible pricing that includes free access for developers and basic, advanced, and custom models for enterprise customers.” To encourage more developers to participate, collaborate, and improve edge applications, EdgeOne has created the OpenEdge, an open co-creation technology platform for developers to build the next generation of edge AI Serverless applications. Additionally, in September of this year, the platform launched the “Pages” feature designed for modern web development, assisting developers in rapidly building and deploying static sites and serverless applications.

Furthermore, EdgeOne is actively integrating AI technology to develop AI@Edge capabilities. It supports enterprises in deploying computing resources at the edge, offer runtime environments for LLM training and inference, and enables AI applications for video and image generation and processing, as well as for AI-generated content storage and caching.

Top choice for enterprise global business development, with comprehensive industry services for gaming, e-commerce, media, etc.

While continuously refining its technology, EdgeOne is also actively implementing solutions across various industries. The report indicates that Tencent possesses extensive expertise in e-commerce, media, and gaming, with these market segments poised for good growth in the foreseeable future. At present, EdgeOne has already served top clients and typical scenarios in various industries globally, including gaming, e-commerce, media, and finance.

In the gaming sector, EdgeOne’s global nodes, combined with innovative architecture, have accelerated game server access by over 30%, improved download speeds for game developers by an average of 50%, and increased first-day user activity by 20%. Currently, EdgeOne has served over 500 gaming clients globally, providing services for Tencent’s self-developed strategic games like Honor of Kings international edition. Additionally, EdgeOne supports global operations for companies such as Kuro Games’s “Wuthering Waves” and BluePoch’s “Reverse 1999”, ensuring both security and performance.

In e-commerce, leveraging its highly scalable architecture and edge computing capabilities, EdgeOne can meet the customized configuration needs of cross-border e-commerce clients, supporting agile business iterations. Its integrated architecture of one-stop security acceleration ensures smooth website access, sustains high traffic volumes during major promotions, and provides comprehensive security protection, preventing fraudulent activities and malicious attacks.

Through Tencent’s deep expertise in the media sector, especially its networking and audio-video technologies accumulated over more than 20 years, EdgeOne further extends media capabilities to edge nodes and has launched the “Edge Media” section. It offers one-click configuration for audio-video on-demand scenarios, enhancing playback experiences through capabilities such as video preloading and chunk optimization. Additionally, it provides real-time transcoding, encryption, screenshot capabilities, enabling instant access to media processing results, reducing transcoding and storage costs, and enhancing efficiency for multimedia businesses.

The report noted Tencent’s strength as a growing global footprint beyond its domestic market. We believe EdgeOne has become one of the top choices for global business scenarios going overseas, and also a preferred option for international companies entering the Chinese market. In the international market, EdgeOne is highly recognized by customers, achieving deep coverage in Northeast Asia gaming markets with a coverage rate of 80% among the top 10 revenue-generating gaming companies in South Korea.

In addition to its rich industry experience, since its launch, EdgeOne’s technological and product capabilities have been highly recognized across various sectors. It has been selected as a representative vendor in Gartner’s “Market Guide for DDoS Mitigation Solutions”, “Market Guide for Cloud Web Application and API Protection”, and “Market Guide for Edge Distribution Platforms”. According to Omdia’s “DDoS Prevention Technology Market Tracker”, Tencent Cloud EdgeOne holds the top market share for DDoS solutions in the Asia-Pacific region.  In the evaluation of edge computing functions conducted by the China Academy of Information and Communications Technology (CAICT), EdgeOne has demonstrated superior performance compared to its competitors. Moreover, Tencent Cloud with its EdgeOne is the only vendor that fully meets the standards set by CAICT in terms of edge security acceleration capabilities, making EdgeOne the pioneering case study of CAICT’s edge computing. In collaboration with CAICT, Tencent Cloud has also fully engaged in the standard development process by jointly publishing a white paper on the Edge Serverless domain.

In the future, Tencent Cloud’s EdgeOne will continue to promote technological innovation and product optimization to meet the significant acceleration demand and security challenges faced by enterprises in the process of digital transformation in the global market. It aims to drive business innovation and enterprise development to a higher level in various industries.

Note:
IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of technology and suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each supplier’s position within a given market. The Capabilities score measures supplier product, go-to-market and business execution in the short-term. The Strategy score measures alignment of supplier strategies with customer requirements in a 3-5-year timeframe. Supplier market share is represented by the size of the icons.

About IDC MarketScape:

IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of technology and service suppliers in a given market. The research utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each supplier’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of technology suppliers can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective suppliers.

About Tencent Cloud

Tencent Cloud, one of the world’s leading cloud companies, is committed to creating innovative solutions to resolve real-world issues and enabling digital transformation for smart industries. Through our extensive global infrastructure, Tencent Cloud provides businesses across the globe with stable and secure industry-leading cloud products and services, leveraging technological advancements such as cloud computing, Big Data analytics, AI, IoT and network security. It is our constant mission to meet the needs of industries across the board, including the fields of gaming, media and entertainment, finance, healthcare, property, retail, travel and transportation.

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SOURCE Tencent Cloud

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13 Years Strong: Empowering Automotive Insights with VIN Decoder Technology and Data Solutions

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From advanced VIN decoding technology to detailed vehicle history reports, VinAudit continues transforming the automotive industry by providing trusted and accessible vehicle data.

KIRKLAND, Wash., Nov. 28, 2024 /PRNewswire-PRWeb/ — For over 13 years, VinAudit has established itself as a trusted provider of cost-effective automotive data solutions. Offering a powerful VIN decoder alongside comprehensive vehicle history reports, VinAudit empowers car buyers, dealers, and businesses to unlock critical vehicle insights without breaking the bank.

“Our goal has always been to make car buying and selling easier for everyone by turning data into clear, actionable insights. We’re committed to continuously developing products to meet the evolving needs of the automotive industry and providing the best tools for both consumers and businesses.”

A Legacy of Affordable Transparency

VinAudit has solidified its role as a trusted leader in automotive data, providing businesses and consumers with seamless access to vehicle specifications and comprehensive history reports. Its advanced VIN decoding technology allows users to unlock detailed insights into a vehicle’s specs—such as manufacturer, model year, engine type, fuel efficiency, assembly location, and trim details—alongside historical records crucial for evaluating a vehicle’s condition and value.

Unlocking Critical Vehicle Data

VinAudit’s VIN Decoder is more than just a tool for extracting data from the 17-character Vehicle Identification Number (VIN). It also aggregates data from the National Motor Vehicle Title Information System (NMVTIS), industry partners, and independent sources, delivering critical details such as:

Vehicle specificationsAccident and theft records, recall statusOwnership, title history, and mileageMarket value and cost of ownership

VinAudit’s solutions cater to diverse automotive needs. Consumers use vehicle history reports to make informed purchasing decisions. Businesses use tools like vehicle Specs API and other tools to acquire up-to-date information for inventory management, pricing, and sales strategies. The VinAudit decoder may also provide some insights into factory specifications or OEM build data and complement window sticker details. This additional layer of information ensures that both consumers and businesses can verify and validate vehicle details accurately, empowering decision-making and improving inventory management.

About VinAudit

VinAudit, based in Kirkland, WA, is a trusted provider of automotive data solutions serving consumers and businesses, including dealerships, automotive platforms, and resellers. Its VIN decoding technology and vehicle data products support informed car-buying decisions, inventory optimization, pricing analysis, seamless system integrations, and branded vehicle history reporting. For more information, visit www.vinaudit.com.

Media Contact

Natalia Davis, VinAudit.com, 1 800-480-4428, pr@vinaudit.com, https://vinaudit.com/ 

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SOURCE VinAudit.com

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Precision Biometric Launches InnaITKey Password Manager – Soft Token

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A Revolutionary Solution for Secure Password Management

CHENNAI, India, Nov. 29, 2024 /PRNewswire/ — Precision Biometric India Pvt. Ltd., a leading innovator in identity and security solutions, proudly announces the launch of the InnaITKey Password Manager – Soft Token, an advanced mobile-app based password manager, designed to empower users with unmatched security and ease of use.

The InnaITKey Password Manager – Soft Token is a cutting-edge solution that leverages a smartphone’s native biometrics and military-grade PKI encryption technology, to provide strong, secure authentication for all browser-based services, including email, banking, share trading, ticket booking, and more. Unlike traditional password managers, credentials are stored exclusively on the user’s smartphone, eliminating the risks associated with cloud storage.

“With the launch of the InnaITKey Soft Token Password Manager, we are continuing our commitment to innovating in the field of identity security. As concerns around password theft and cyber-attacks continue to grow, we wanted to provide a secure yet simple-to-use solution that offers complete peace of mind to our customers. This software-based version is a great addition to the security ecosystem, enabling a wide range of users to protect their credentials effectively,” said Mathew Chacko, Founder Director & CEO of Precision Group.

Key Features and Benefits

Secure Authentication: Combines smartphone’s native-biometrics with PKI technology to deliver uncompromised security.No Cloud Storage: Credentials are encrypted and stored only on the user’s device, reducing vulnerability to breaches.Convenient and Cost-Effective: Eliminates the need for additional hardware. A year’s subscription costs just what one would spend on a coffee break.Easy Backup and Recovery: Simplifies credential management without compromising on safety.Flexible Access: Enables authentication using native biometrics or QR codes.

The InnaITKey Password Manager is ideal for anyone who relies on browser-based services, from casual internet users to professionals managing sensitive data online.

The InnaITKey Password Manager – Soft Token is available for purchase at www.innaitkey.com. As part of the launch promotion, users can enjoy a three-month free, full-featured trial by applying the coupon code PRL3MFRN24 during checkout.

To experience the power of secure, smartphone-based password management, users can visit www.innaitkey.com today to avail of the free trial and explore an annual subscription designed to fit their budget.

About Precision Biometric

Precision Biometric is part of Precision Group, which is in its 29th year of operations, providing Biometric, IoT, Cloud & Systems Integration solutions, and IT Infrastructure Management Services. Headquartered in Chennai, we have offices across major metros, with a 250+ location service network in India. Precision Biometric’s solutions prevent impersonation and password compromise. Solution offerings include hardware and software solutions, such as Single Fingerprint scanners, ABAS attendance devices, the patented & CERT-In InnaIT IdP Framework, and InnaITKey (patent pending). Precision’s fingerprint scanners (UIDAI/STQC certified) and InnaITKey (FIDO2L2 Certified) tokens are widely implemented.

For more information, visit www.innait.com and www.innaitkey.com

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Artificial Intelligence Association of Hong Kong Set to Propel AI Innovation Across Key Industries

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Founding Members from Pillar Industries and the Leaders in the AI Community
Come Together to Celebrate the Launch of the Association

HONG KONG, Nov. 29, 2024 /PRNewswire/ –The Artificial Intelligence Association of Hong Kong (AIHK) is excited to announce its official launch and its plans to propel Hong Kong’s AI innovation. AIHK is an independent, industry-agnostic platform dedicated to promoting and advancing the development, adoption, commercialization, and use of AI across businesses, corporates, enterprises, institutions and organizations that operate in Hong Kong and beyond.

AIHK is founded and chaired by Neil Tan, who has over 20 years of experience in corporate strategy, mergers & acquisitions, business and partnership development across the banking, management consulting and tech industries. Neil is currently the Managing Partner at Tsunami Advisors, an advisory and consulting firm dedicated to helping FinTech, Artificial Intelligence, Digital Asset, and Web3 firms expand, grow and scale in the Asia Pacific Region. He is also one of the committee members of Task Force on Promoting Web3 Development established by the Hong Kong SAR Government under Financial Secretary Paul Chan.

“Our mission is clear: to position Hong Kong as a global AI innovation hub. By bringing together leaders from various sectors, we will create a collaborative environment that fosters AI innovation and accelerates the adoption of the technology to drive growth for key industries that make up Hong Kong’s economy. The association will provide the perfect platform for business leaders, technology innovators and the public sector to come together to advance the understanding, application and use of AI for the betterment of business, industry and society,” said Neil Tan, Founder & Chairman of AIHK at the launch ceremony. 

AIHK’s Founding Members include C-Suites and senior executives from prominent organizations including AXA Hong Kong and Macau, Cathay Pacific, Clifford Chance, Chow Sang Sang, DBS Bank, HKT, Li & Fung, Prudential Hong Kong, PwC HK, Standard Chartered, Tessellation and Towngas to name a few. Founding Members represent key sectors in Hong Kong including the consumer, energy, finance, insurance, legal, logistics, manufacturing, retail, telecom, and transport sectors, and all of them have roles and responsibilities for driving the AI strategy and execution within their respective organizations.

AIHK’s Mission and Vision

AIHK was set up with the goal to foster a vibrant AI ecosystem and better position Hong Kong as a leading AI innovation hub. AIHK’s mission is to help businesses and organizations harness the potential and power of AI, align with international standards and introduce new AI-related use cases and applications to boost productivity, efficiency and competitiveness across the key industries in Hong Kong.

The four pillars of AIHK’s strategy includes:

Policy & Governance
AIHK will actively engage with policymakers to influence and shape AI regulations that impact businesses in Hong Kong, ensuring that the interests of its members are represented. The association will advocate for robust corporate governance frameworks that promote ethical and responsible AI use across all sectors.

Ecosystem & Community
AIHK aims to foster a vibrant ecosystem that supports collaboration among businesses, researchers, and government entities, enhancing the overall AI landscape in Hong Kong. By building a strong community, AIHK will facilitate networking opportunities that encourage the sharing of best practices, use cases and innovative applications.

Collaboration & Partnership
AIHK will serve as a catalyst for collaboration among industry professionals, leading researchers, and global experts to drive joint initiatives that address common challenges in AI implementation. Through strategic partnerships, the association will enhance knowledge exchange and promote the development of AI technologies that benefit the broader community.

Knowledge & Education
AIHK will work closely with its members and external partners to provide educational resources that keep stakeholders and the broader ecosystem informed about industry trends and advancements in AI. By offering workshops, seminars, and knowledge-sharing sessions, AIHK will empower its members to enhance their skills and understanding of responsible AI practices.

By embracing a cross-sector, cross-function, and cross-industry approach, AIHK believes that diverse perspectives will drive innovation and growth in the AI industry.  

Calling on Industry Leaders and Members of the AI Community

Whether it’s an individual who wants to contribute to Hong Kong‘ AI development, corporations that are looking towards digital transformation, or Small to Medium-sized Enterprises (SMEs) and startup ventures looking to AI to scale their business and operations, AIHK welcomes industry leaders and corporate members of the AI community to participate. AIHK will focus on growing its network, members’ expertise and technical know-how to help shape different industries and together, advance the development, adoption, commercialization, and use of AI across Hong Kong and beyond.

AIHK membership will provide members with exclusive networking opportunities, access to AIHK-organized events, on-demand webinars, contribution to industry whitepapers, discounts to workshops and seminars, as well as co-marketing and thought leadership opportunities.

A word from AIHK’s Corporate Founding Members

Dominic Maffei, Head of Digital Assets & Fintech, Hong Kong, at Standard Chartered, remarked, “AI-driven innovations are not just trends; they’re essential for staying competitive in the evolving financial landscape. Incorporating AI into operations allows businesses to predict market trends and enhance efficiency.”

Natasha Cheng, Director of Tessellation Group, said, “AI accelerates design and prototyping process, optimizes supply chains with accurate demand forecasting, automates production for efficiency, enhances quality control through image recognition, enables mass customization, and offers insights into consumer behavior – ultimately saving costs and time for a more agile future.”

Queenie Chan, General Manager of Business Analytics & e-Development at Towngas, said, “Artificial intelligence is set to revolutionize the energy sector by enhancing operational efficiency and optimizing customer engagement strategies. The establishment of the Artificial Intelligence Association of Hong Kong is a crucial initiative that will drive innovation and collaboration across industries, positioning Hong Kong as a global leader in AI advancements.”

Rocky Mui, Partner at Clifford Chance, highlighted the importance of regulation and said, “The decisions made by regulators in the coming months and years about how to regulate AI will be critical to the AI innovation landscape in Hong Kong and beyond. AI regulation should promote agility, innovation and clarity for businesses, but also transparency, accountability, and fairness, ensuring that AI systems are designed and deployed in a manner that aligns with ethical standards and societal values. Collaboration between regulators and industry will be key to ensuring that we have a responsible AI policy that strikes the right balance between fostering innovation and safeguarding stakeholders.”

Sam Lim, Chief Information Technology Officer of Prudential Hong Kong, stated, “Artificial Intelligence is revolutionizing the insurance industry. Our unwavering commitment to Al applications ensures that we consistently deliver value and security to our customers.”

About AIHK
The Artificial Intelligence Association of Hong Kong (AIHK) is a non-profit association dedicated to promoting and advancing the development, adoption, commercialization, and use of AI across businesses, corporates, enterprises, institutions and organizations. The mission of AIHK is to propel and position Hong Kong as a global AI innovation hub by bringing together leaders from various sectors, creating a collaborative environment that fosters AI innovation and accelerating the adoption of the technology to drive growth for key industries that make up Hong Kong’s economy.

For more information, please visit LinkedIn page or email contact@aihongkong.org

Appendix

List of Founding Members by alphabetical order:
 (Corporate Founding Members are designated with *)

Founding Members

Title

Company

Alan Lau

Chief Business Officer

Animoca Brands *

Andrew Eldon

General Manager, Digital Experiences 

Cathay Pacific

Ankit Suri

CEO & Founder

Planto

Benson Wong

Managing Director, Head of Digital Products and Channels, International Private Bank

JPMorgan Chase & Co.

Caroline York          

Director of Marketing

Serotonin

Dominic Maffei

Head of Digital Assets & Fintech HK

Standard Chartered *

Gary Ho

Chief Information Officer

AXA Hong Kong and Macau *

Jeanne Lim

CEO & Founder

BeingAI

Keith Ip

Chief Technology Officer

Li & Fung

Kok Tin Gan

Founder of PwC’s Darklab

PwC HK

Marcos Chow

Group Chief Information Officer

HKT

Medhy Souidi

Head of Innovation & Experiences

DBS Bank

Natasha Cheng

Director

Tessellation

Neil Tan

Founder & Managing Partner

Tsunami Advisors

Peggy Lau

Director Artificial Intelligence

Chow Sang Sang

Queenie Chan

General Manager, Business Analytics & e-Development

Towngas *

Rocky Mui

Partner

Clifford Chance *

Sam Lim

Chief Technology & Digital Officer

Prudential Hong Kong *

Yannick Mahé

Head of Business Engineering & Growth Engineering, Greater China Region

Meta

 

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SOURCE The Artificial Intelligence Association of Hong Kong

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