Convergence increases the Internet of Things total addressable market by up to 50 percent
WATERLOO, ONTARIO – WEBWIRE – Monday, April 17, 2023
For the Internet of Things (IoT) to reach its potential as a fully interconnected ecosystem the convergence of cybersecurity and the IoT is critical, according to a new and independent report published by McKinsey, and cybersecurity must be embedded in the IoT as opposed to being a separate software category that is bolted-on. McKinsey states that few companies can converge enterprise IT cybersecurity solutions with IoT platforms, and BlackBerry is a company that is well-positioned to do so. The full report from McKinsey can be viewedhere.
BlackBerry today is organized around the two high-growth markets of cybersecurity and the IoT and is a leader in enterprise and embedded security. The convergence of cybersecurity and the IoT is aligned with BlackBerrys capabilities, uniquely positioning the company to secure the interconnected IoT and expanding the companys differentiation strategy. McKinsey has determined that the convergence of cybersecurity and the IoT, translates to an IoT total addressable market (TAM) of up to $750 billion by 2030, which is 50 percent more than current IoT market forecasts without convergence.
Through a survey of companies across geographies and industries, McKinsey found that digital trust is ranked as a critical element of the purchase decision by 61 percent of IoT buyers. BlackBerrys expertise in delivering unmatched secure connectivity solutions, with unwavering user privacy, is why we are trusted around the world, said John Chen, Executive Chairman & CEO. We are pleased that our long-term strategy, aligned with the two key markets of cybersecurity and the IoT, is validated in these market insights from McKinsey. Our bold thought leadership asserted in 2021 that the convergence of IT and OT is the key to unlocking the value of the IoT and to delivering the next revolution in how we live and work, and the combination of our enterprise and embedded security portfolios puts us in the unique position to deliver on this market need.
The referenced report is published independently by McKinsey and this press release is issued independently by BlackBerry.
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About BlackBerry
BlackBerry (NYSE: BB; TSX: BB) provides intelligent security software and services to enterprises and governments around the world. The company secures more than 500M endpoints including over 215M vehicles. Based in Waterloo, Ontario, the company leverages AI and machine learning to deliver innovative solutions in the areas of cybersecurity, safety and data privacy solutions, and is a leader in the areas of endpoint management, endpoint security, encryption, and embedded systems. BlackBerrys vision is clear – to secure a connected future you can trust.
BlackBerry. Intelligent Security. Everywhere.
Nov 10, 2022 | Business
UniQcus will offer entire Altairs data analytics solutions to the Nordic region
TROY, Mich. – WEBWIRE – Wednesday, November 9, 2022
Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence (AI), announced that UniQcus has joined its growing channel partner network. Located in Odense, Denmark, UniQcus will offer Altairs data analytics solutions to its customers in the Nordic region. UniQcus delivers core experience with SAS programming and has more than a decade of experience in SAS language and World Programming (acquired by Altair) projects.
Were very excited to add Uniqcus to our channel partner community, said Joakim Lindholm, managing director, Altair Nordics. The power of UniQcus experience in analytics combined with Altair SLC our compiler that runs programs written in SAS language syntax without translation and without needing to license third-party products presents a great opportunity for any company looking to improve their analytics capabilities.
We are proud to have been a World Programming partner since 2008 and see our new partnership with Altair give customers increased flexibility to leverage their decades of investment in the SAS language alongside modern, open-source coding languages, giving them the true power of a hybrid approach, said Torben Christensen, chief executive officer, UniQcus. We are impressed with Altairs robust technology solutions, unique licensing model, and customer-centered approach. We look forward to the exciting times ahead and, most importantly, to offering our customers best-in-class data analytics solutions.
Altair works with a global network of channel and technology partners. To learn more or to become a partner, visit: https://www.altair.com/partners/.
About Altair
Altair is a global leader in computational science and artificial intelligence (AI) that provides software and cloud solutions in simulation, high-performance computing (HPC), data analytics, and AI. Altair enables organizations across all industries to compete more effectively and drive smarter decisions in an increasingly connected world all while creating a greener, more sustainable future. For more information, visit https://www.altair.com/.
Oct 16, 2022 | Books, Business
Teen entrepreneurs from across the U.S. competed for $18,000 in prizes at the 17th annual National Youth Entrepreneurship Challenge
NEW YORK – Oct. 14, 2022 – PRLog — Global nonprofit Network for Teaching Entrepreneurship (NFTE) celebrated Josh Kreuger, 18, as the winner of last night’s 17th annual National Youth Entrepreneurship Challenge, presented by the Citi Foundation and Ernst & Young LLP (EY US), with additional support from American Student Assistance. Forty regional champions traveled to New York to compete in the Oct. 13 pitching competition. After a series of elimination rounds, three national finalists took the stage at 787 Seventh Avenue to pitch their businesses to a panel of VIP judges in front of a live audience.
Kreuger, a student at South Technical High School in St. Louis, took first place with his business MODRN Media, a digital marketing agency that trains and employs content creators while offering budget-friendly video production and social media management services to small businesses in the same community. He was awarded $10,000 plus a 45-minute mentorship session with Daymond John, The People’s Shark and the founder, CEO and president of FUBU, a $6 billion hip-hop apparel company.
Of his plans for the money, Kreuger said, “I’ve considered investing it, but if I do spend it, it’s going to be on equipment and a space I can use to train content creators and inspire people who are where I was five years ago.”
Both runners-up were each awarded $2,500. Thomas Vo, 17, from Nimitz High School in Irving, Texas, presented his business Reheats, which makes electric heated gloves for construction workers and other cold weather workers. Abhinav Gorrepati, 14, from Silver Creek High School in San Jose, California, presented CredX, an online educational platform that encourages financial literacy in teens through engaging lessons. An additional $3,000 in prize money was distributed during the semifinal round and at last night’s presentation. The students can use their awards to grow their businesses or further their educational goals.
“In a time when innovative thinking is the new economic currency, the entrepreneurial mindset of our young competitors shines bright,” said Dr. J.D. LaRock, NFTE’s president and CEO. “From biodegradable drug-detecting napkins to 3D-printed eyeglasses, this year’s business ideas stand as examples of how our students are engaging in new technologies, environmentally sustainable solutions, and social entrepreneurship. Congratulations to Josh and NFTE’s 2022 class of young entrepreneurs for seeing problems as opportunities for innovation.”
The final round judges were Vladimir F. Galiothe, Managing Director of Equity Derivatives Trading at Citigroup; Alexis Jeffries, Director, Head of Business Product Marketing at Glassdoor; Amanda F. Loyola, Engagement Manager at McKinsey & Company and NFTE Class of 2008; Dr. Lamell McMorris, Principal and Head of Policy, Regulatory and Government Relations at Edward Jones; and Alysia Steinmann, Metro New York Office Managing Partner at EY US.
Eleven-year-old Josiah Israel of Miami was also honored with the $500 Daniel Treanor Memorial Award presented to a NFTE student who has overcome a significant physical or health-related challenge.
“For many years, Citi and the Citi Foundation have been committed to creating pathways for young people to unlock their professional potential and our longstanding support for NFTE is one of the ways we’ve brought this to life,” said Brandee McHale, President of the Citi Foundation and Head of Citi Community Investing and Development. “This year’s winners join an illustrious group of inspiring young entrepreneurs who are changing the status quo before our eyes, and we can’t wait to see how they will continue to positively shape the future.”
“As the future of work continues to evolve in unpredictable ways, young people who actively draw on the entrepreneurial mindset will be well positioned to adapt, adjust and succeed,” said Erika Patterson, EY Americas Corporate Responsibility leader. “Whether they start their own companies or bring their creative thinking to other jobs, these young innovators will excel, and EY US is honored to be part of their journey.”
About NFTE
Network for Teaching Entrepreneurship (NFTE) ignites the entrepreneurial mindset with unique learning experiences that empower students to own their futures. A global nonprofit founded in 1987, NFTE provides high-quality entrepreneurship education to middle school, high school, and postsecondary students. NFTE brings the power of entrepreneurship to students, regardless of family income, community resources, special needs, gender identity, race, or ethnicity. Visit nfte.com (https://www.nfte.com/) to learn more.