Latest news with #asset
Yahoo
2 days ago
- Business
- Yahoo
Case studies: IoT in the power industry
The Internet of Things (IoT), which refers to the use of connected sensors and actuators to control and monitor the environment, the things that move within it and the people that act within it, will transform the power industry. It will help tackle five key power industry challenges: modernising ageing grids, accelerating the energy transition, improving productivity and efficiency, strengthening energy security and enhancing workforce safety. This article presents selected case studies highlighting the impact of IoT within the power industry. In November 2024, AWS announced that it had partnered with Siemens Energy to develop a unified industrial internet platform to manage and analyse manufacturing asset data across the original equipment manufacturer's global operations. Siemens Energy's previous setup was fragmented, with manufacturing asset data siloed across factories running standalone IoT systems, making it difficult to standardise analytics and drive cross-site efficiencies. Integration was also difficult due to a mix of greenfield and brownfield assets running on more than 10 machine data protocols. Legacy equipment also required costly, hard-to-configure hardware to extract useable data. To overcome these challenges, Siemens Energy collaborated with AWS to build the Connected Factory, a centralised platform powered by AWS IoT SiteWise. The platform standardises manufacturing asset data collection, storage and analysis across all factories. Siemens Energy used AWS IoT SiteWise Edge to connect legacy and modern equipment without needing to install additional hardware, accelerating deployment. Siemens Energy has also integrated AWS partner Domatica's EasyEdge tool with AWS IoT Sitewise to enable data ingestion from more than 10 industrial standards, helping to unify previously incompatible data streams. Collected data is securely stored in AWS's Simple Storage Service (S3). Engineers and factory teams can access real-time operational insights through customised dashboards powered by Amazon Managed Grafana, improving asset monitoring and decision-making. A centralised AWS account governs the platform's architecture, while local AWS accounts give individual factories operational control. Factory teams can request new equipment connections by submitting support tickets to the central IoT team. Most installation and configuration steps are automated, reducing complexity and supporting efficient scaling. Connected Factory has already improved speed, cost and reliability across Siemens Energy's operations. There are now 18 live factories, supporting 30 custom use cases in areas such as equipment maintenance, energy management and process transparency. Assets such as large autonomous vehicles, robots and computer numerical control machines are connected. Manual data collection times have fallen 50%, boosting data accuracy and transparency. Maintenance costs are down by 25%, while machine availability is up by 15%. Factory teams now detect and respond to equipment anomalies faster, improving quality and accelerating project timelines. Siemens Energy plans to scale Connected Factory across its 80 factories globally, while also integrating AI into the platform to enhance production efficiency. Vattenfall is optimising wind turbine design with IoT-based "digital twins" to optimise wind turbine design, operations and maintenance, aiming to maximise return on investment for offshore wind farms. The company's digital twins cover its fleet of more than 1,300 wind turbines, with a capacity of around 6.1GW across five European countries. IoT sensors installed on each turbine collect real-time data on structural behaviour, operational performance (rotor speed, power output and vibration levels) and environmental conditions (wind speed, temperature and humidity). The IoT sensors transmit this data into a centralised digital twin platform, offering a comprehensive overview of the entire fleet and detailed insights into individual turbines. Vattenfall believes digital twins can optimise turbine designs by addressing discrepancies between design assumptions and real-world performance. Michael Sandholm Jepsen, technical authority support for structure integrity at Vattenfall, notes: 'Digital twins [have] demonstrated that the wear and tear on wind turbines is lower than predicted in the original designs.' Such insights enable efficient turbine designs, reduce costly over-engineering, and optimise maintenance schedules, leading to long-term cost savings. Vattenfall has already used data from digital twins to incorporate 10-year upfront lifetime extensions into original designs for two of its latest wind farm projects. Vattenfall's digital twins have also identified opportunities to reduce steel use in turbine construction, resulting in significant cost savings. Additionally, digital twins enable fewer physical inspections and support proactive maintenance by pinpointing underperforming turbines, allowing for corrective remedies. Vattenfall plans to participate in a joint industry project to review offshore wind codes and standards, using findings from digital twins to guide future modifications. In July 2024, Engie Group's EV charging business Engie Vianeo partnered with BICS to upgrade 50,000 EV charging stations across Western Europe with real-time, cellular-based IoT connectivity. Engie Vianeo had previously relied on black-box devices to collect charging station data. These devices had to be physically retrieved to access and process the data, an extremely inefficient process that slowed decision-making. The company is now transitioning to BICS' SIM for Things IoT connectivity platform, equipping each charging station with a SIM card to enable real-time data transmission, remote monitoring and over-the-air software updates. This will allow staff at Engie Vianeo's European supervisory centre to perform remote maintenance and troubleshooting, while insights enhance analytics on station use. Customers will also benefit from a dedicated mobile app that provides live charger availability and charging status updates, helping them better plan journeys. Engie Vianeo will gain visibility across its connected charging network, supporting faster, smarter and more scaleable operations. The initiative supports Engie Vianeo's goal to scale its EV charging network in line with EU regulations mandating expanded charging infrastructure. Engie Vianeo plans to have 12,000 charge points in France and 3,000 in Belgium by the end of 2025. The company aims to offer a complete range of mobility solutions, from installing charging infrastructure through to power supply, maintenance, and servicing. Major power companies such as Engie are increasingly integrating EV charging stations into their portfolios and business strategies, driven by growing consumer demand for cleaner transportation, regulatory pressures and an overarching need to modernise grid infrastructure. "Case studies: IoT in the power industry" was originally created and published by Power Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. 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Yahoo
2 days ago
- Sport
- Yahoo
Trade Idea Moves Red Sox Third Baseman Alex Bregman to Cubs
Trade Idea Moves Red Sox Third Baseman Alex Bregman to Cubs originally appeared on Athlon Sports. The odds of the Boston Red Sox trading third baseman Alex Bregman, a player whom they signed to a three-year contract worth $120 million during the offseason, are slim. Sean McAdam reported as such during an episode of the "Fenway Rundown" podcast on Tuesday, claiming that the Red Sox will keep Bregman through the end of the 2025 season. Advertisement The Red Sox, however, could put a high price tag on Bregman, especially since he is among the best hitters in baseball and would have two-plus years of control. He would also be provide a significant asset to any squad looking for increased production at third base. Enter the Chicago Cubs, who have a 46-33 record (which is tied-fourth best in MLB) but are just 2.5 games ahead of the Milwaukee Brewers in the NL Central. Because of the Brewers' close proximity to the Cubs in the standings, the latter club will be aggressive ahead of the trade deadline as it aims to maximize productivity at every position. That's why ClutchPoints' Bailey Bassett could see the Cubs engaging in trade talks with the Red Sox about potentially trading for Bregman. The Cubs may have to pay two pretty pennies for Bregman's services in exchange: infielder Jefferson Rojas (the team's No. 5 overall prospect) and starting third baseman Matt Shaw. Bassett believes a trade for Bregman would "only really make sense" with Shaw's inclusion. Boston Red Sox third baseman Alex Bregman (2) is congratulated after scoring against the Toronto Blue Jays during the ninth inning at Rogers E. Sokolowski-Imagn Images "Shaw has loads of potential, but he has struggled early. The 2023 first-round pick is only batting .219 with two home runs through 160 at-bats," Bassett wrote. "Bregman, meanwhile, is having one of the best offensive seasons of his career. The two-time champion and former Gold Glove/Silver Slugger winner is batting .299 and has a slugging percentage of .553. He is currently out with a quad injury, but he'd provide a massive boost to Chicago's lineup if they were to trade for him." Advertisement The Cubs' stash of minor-league prospects puts them in a strong position to trade for Bregman – or any high-impact piece, for that matter. "The Cubs have arguably the best farm system in baseball, so if Bregman becomes available, they have more bidding power than any other team to acquire him. Chicago came into the year with seven Top 100 prospects, according to Bassett wrote. "They are ready to win now and should be trade-deadline buyers. Additionally, a lot of their top youngsters either just graduated from their prospect status or are ready to make an impact at the major-league level soon. The team doesn't have innings for all of these prospects, though, so making a consolidation trade for a star makes sense." Bregman is having a strong campaign at the plate early in his first season with the Red Sox. Through 51 games this year, Bregman is hitting .299 with 11 home runs, 35 RBIs and 2.9 WAR (according to Baseball Reference). Related: Trevor Story Makes Wild Rafael Devers Claim After Red Sox Traded Star to Giants This story was originally reported by Athlon Sports on Jun 26, 2025, where it first appeared.
Arabian Post
3 days ago
- Business
- Arabian Post
Dollar Suffers Worst H1 Slump in Four Decades as Capital Seeks Alternatives
The U.S. dollar has slumped by more than 10 per cent year‑to‑date, marking its most severe first‑half decline since the mid‑1980s, as global investors pull back from dollar‑denominated assets amid doubts over U.S. economic policy and rising interest in alternatives such as cryptocurrencies. Institutional investors across Europe and Asia are leading a broad sell‑off. European pension funds and insurers have slashed dollar‑asset exposure to levels unseen since 2022, primarily through equity divestment, while Asian bondholders have been unwinding fixed‑income positions. Market watchers identify multiple bearish drivers: weakening Federal Reserve credibility under the spectre of political interference, dovish statements signalling potential rate cuts, and concerns over President Trump's tariff posture and mounting debt. These factors have undercut confidence in the dollar's role as the premier global reserve asset. ADVERTISEMENT Declining yields on U.S. Treasuries have narrowed their appeal, prompting asset shifts toward Europe and emerging markets and feeding a broader investor rotation away from dollar‑centric investments. Cash strategists at Bank of America report that the net underweight position on the dollar is the most significant in two decades, signalling widespread repositioning. Despite periodic reprieves, market technicals remain weak. The ICE U.S. Dollar Index, trading around the high‑90s, broke key support levels, triggering technical patterns that suggest further downside unless a strong reversal emerges. The dollar's weakness is also fueling a surge in alternative assets. Cryptocurrencies like Bitcoin have rallied, with analysts highlighting an inverse correlation to the dollar's performance. Gold and select equities in Europe and Asia have benefited from the reallocation of capital. Echoes of the mid‑1980s Plaza Accord era are notable, when coordinated efforts led to a sharp devaluation of the dollar. However, experts caution that the current environment reflects deeper structural trends: geopolitical uncertainties, shifting reserve currency strategies, and Asia's growing role in capital flows. Some analysts argue that short‑term technical bounce possibilities exist, especially if U.S. economic indicators outperform or geopolitical tensions rekindle risk‑off flows. Yet, the prevailing consensus points to a prolonged adjustment period, as 'short dollar' bets remain deeply entrenched among fund managers. The dollar's slide has implications beyond currency markets. Weaker dollar conditions typically ease financial constraints for emerging economies with dollar-denominated debt, support commodity prices, and influence global trade balances. Conversely, U.S. consumers may experience elevated import costs. Attention now shifts to key catalysts: upcoming Fed commentary, U.S. inflation and employment data, and whether the administration proceeds with proposed tariffs or investment taxes that could further unsettle international investor sentiment.
Time of India
3 days ago
- Business
- Time of India
India's ultra rich are diversifying wealth with private equity, AIFs and global bets
India's ultra-wealthy families are moving beyond wealth preservation to embrace riskier, more diversified investment strategies, with a growing preference for global markets and alternative asset classes, according to the EY–Julius Baer report titled The Indian Family Office Playbook, released Thursday. The report captures a structural shift underway in India's family office ecosystem, which has grown from just 45 family offices in 2018 to more than 300 today. While 25% of these offices still prioritise capital preservation, a growing number are now allocating capital across private equity, venture capital, global real estate, and other non-traditional assets. 'India's family office ecosystem is at an inflection point where wealth preservation alone is no longer enough,' said Surabhi Marwah, Co-leader, Private Tax and Partner, People Advisory Services – Tax at EY India. 'Families now seek efficiency, transparency, and global access, all of which require a more structured approach. At the same time, navigating tax and cross-border regulatory frameworks is becoming central to how these offices function and plan ahead.' Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Here's The Average Price of a 6-Hour Gutter Upgrade in Austin Read More Undo From preservation to performance Many of these family offices, especially those catering to first-generation entrepreneurs, are led by younger wealth owners with higher risk tolerance and deeper sector expertise. The report notes that more than half of the surveyed family offices have allocated over 50% of their portfolios to growth-oriented assets, with over a quarter allocating more than 20% to private equity and venture capital alone. Live Events While traditional allocations to public equities, bonds, and cash remain part of core strategies, they are increasingly being complemented by exposure to portfolio management services (PMS), alternative investment funds (AIFs), private credit, REITs, InvITs, and even art. India's alternative investment industry, comprising PMS and AIFs, is on track to exceed ₹100 lakh crore in assets under management by 2030, the report estimates. Recent regulatory and tax changes are making this space more attractive: SEBI has eased investment norms for Category II AIFs, and the 2025 Union Budget clarified that the sale of securities by AIFs would be taxed as capital gains, reducing compliance burdens. Global reach, local strength Indian family offices are also rapidly globalising, driven by both necessity and opportunity. With Liberalised Remittance Scheme (LRS) outflows rising from $18.8 billion in 2019–20 to $31.7 billion in 2023–24, Indian UHNIs are increasingly investing across borders—in private equity funds in the U.S., real estate in Europe, and venture capital across Asia. Cross-border partnerships are becoming more common as family offices collaborate with global peers to gain access to a broader range of opportunities and diversify risk. At the same time, India's own regulatory ecosystem is evolving to support this ambition, with GIFT City emerging as a preferred base for family office operations seeking international exposure and tax efficiency. 'The era of one-size-fits-all investment is over,' the report states. 'Sophisticated, tailored wealth strategies are becoming essential, particularly for younger, tech-savvy founders as well as legacy industrial families navigating succession and sustainability.' Structuring for complexity Alongside asset diversification, Indian family offices are investing in governance, succession planning, and institutionalisation. According to the study, 59% of families have implemented wills or constitutions, and 19% have set up structures like trusts or LLPs. This reflects a growing awareness of the importance of structured transitions in preserving legacy and continuity. There's also growing interest in impact investing—not just as a tool for philanthropy, but to align capital with long-term values and sustainability goals. In this context, family offices are increasingly engaging professional advisors and leveraging digital platforms to manage complexity. As wealth spreads across geographies and generations, families are are navigating agile, compliant, and transparent structures that can respond to global risks and opportunities alike.
Scoop
3 days ago
- Business
- Scoop
Bitdefender Launches Powerful External Attack Surface Management Solution For Businesses And Managed Service Providers
Bitdefender, a global cybersecurity leader, today announced Bitdefender GravityZone External Attack Surface Management (EASM), a new solution that gives businesses, managed service providers (MSPs) and their customers comprehensive visibility into their internet-facing assets and associated vulnerabilities. GravityZone EASM dramatically reduces threat exposure and strengthens security operations through centralised discovery, monitoring, and management of expanding attack surfaces. The attack surface, encompassing all potential entry points for adversaries, is rapidly expanding due to digital transformation, cloud adoption, remote work, and increased connectivity with third-party infrastructure, including partners and customers. Without centralised oversight, assets such as unused domains, misconfigured cloud instances, and expired certificates often go unnoticed – leaving organisations vulnerable to attackers who continuously scan the internet for exposed systems. According to Gartner®, 'Through 2029, more than 60% of security incidents will be traced to misconfigured technical security controls.'¹ Additionally, a recent survey of 1,200 cybersecurity professionals found that reducing the attack surface is a top priority in their security operations. Bitdefender GravityZone EASM is agentless, requiring no endpoint deployment, and delivers a powerful, proactive approach to identifying and understanding external risks while reducing the attack surface. It continuously discovers, maps, and analyses internet-exposed assets from an attacker's perspective, enabling organisations to quickly assess risk, identify vulnerabilities, and take action before they are exploited. The solution is available as an add-on to Bitdefender GravityZone, the company's unified security, risk analytics, and compliance platform that delivers advanced endpoint protection (EPP), endpoint detection and response (EDR), extended detection and response (XDR), and cloud-native security. GravityZone EASM scans a wide range of asset types, including IPv4 and IPv6 addresses, IP blocks, email addresses, and domains. From these scans, it delivers comprehensive asset discovery by detecting publicly exposed IPs, expiring or expired certificates, vulnerable public services, open ports, and more – ensuring no asset is overlooked. Key Benefits of Bitdefender GravityZone External Attack Surface Management: Fast internet-facing asset discovery – GravityZone EASM scans and maps all internet-facing assets including devices, domains, subdomains, applications, certificates, third-party connections, shadow IT, and more – in as little as 30 minutes. It delivers comprehensive visibility into a business's attack surface, even for unmanaged or forgotten assets. Continuous vulnerability monitoring, alerting, and prioritisation – GravityZone EASM continuously monitors and detects vulnerabilities and misconfigurations across internal and external assets, including those managed by partners, customers, and supply chain vendors. It delivers immediate, context-rich alerts for exposed systems, expired certificates, and high-risk threats. Alerts are prioritised by severity (e.g., CVE scores) to streamline response and remediation. Unified security, risk management, and compliance – Seamlessly integrated with Bitdefender GravityZone, combining security, risk analytics, and compliance – GravityZone EASM supports both strategic and operational use cases. Security analysts can leverage it for threat analysis and vulnerability prioritisation, while administrators benefit from broader security management capabilities such as policy enforcement and access control configuration – all within a single platform. 'Security teams across businesses and MSPs face increasing pressure to keep pace with expanding attack surfaces, driven by digital transformation and complex third-party ecosystems,' said Andrei Florescu, president and general manager at Bitdefender Business Solutions Group. 'Effective defence-in-depth security starts by reducing the attack surface as much as possible before threats reach the detection and response layers. GravityZone EASM is a critical part of our vision for unified security, risk management, and compliance, enabling proactive discovery and control of internet-facing assets that could serve as potential entry points for attackers.'
