Connect with us

Business insider

Global Data Center Cooling Market Report 2020: Market was Valued at $8.07 Billion in 2019 and is Expected to Reach a Value of $16.62 Billion by 2025 | Markets Insider

Dublin, Nov. 18, 2020 (GLOBE NEWSWIRE) — The ‘Data Center Cooling Market – Growth, Trends, Forecasts (2020 – 2025)’ report has been added to Re……

Published

on

Dublin, Nov. 18, 2020 (GLOBE NEWSWIRE) — The “Data Center Cooling Market – Growth, Trends, Forecasts (2020 – 2025)” report has been added to ResearchAndMarkets.com’s offering.

The data center cooling market was valued at USD 8.07 billion in 2019 and is expected to reach a value of USD 16.62 billion by 2025 at a CAGR of 12.5% during the forecast period 2020-2025.

There has been a surge in the number of data centers due to high computational requirements by AI and Media applications. Furthermore, the growth is going to be fuelled by the adoption of edge computing and the increase in the number of IoT devices.

Development in IT Infrastructure in emerging countries is driving the market. The increasing construction of hyperscale facilities with a power capacity of over 50 MW will fuel the need for innovative infrastructure in the market over the next few years globally in developed countries. According to the National Association of Software and Services Companies (NASSCOM), IT exports from India may exceed USD 330 billion by 2019-20. This accounts for nearly 14% of the projected worldwide spend if India maintains its current share of the global offshore IT market.

The estimates by various sources suggest that the data center accounts for 2% to 5% of the global Green House Gas (GHG) emissions. The cooling systems are responsible for almost 40% of the power consumption in a data center. Companies are trying to tackle this issue by setting up Green data centers which use Free air cooling systems instead of traditional Air conditioners. The growing trends toward the deployment of green data centers for storing, managing, and distributing information helped many software companies reduce energy consumption and the total energy cost.

As the hyperscale providers roll out their services more widely across the Europe region, the rate of hyperscale procurement of data center capacity in many other European cities would increase rapidly. Hence, markets, such as Madrid, Milan, Warsaw, and Zurich would witness a substantial increase in colocation activity. Equinix announced a new joint venture with GIC to develop and operate hyperscale data centers in the Europe region. For the past many years, an important trend has been the expansion of large-scale facilities to support the growth of hyperscale companies, including the largest cloud service providers.

However, adaptability requirements and power outages are challenging the market to grow.A typical data center cooling system must be pre-engineered, standardized, and modular. It is required to be scalable and flexible to meet the needs of the data center. This is very difficult in today’s world with companies looking to cut costs and not willing to spend much on the high-end customized cooling systems.

Key Market Trends

Information Technology Industry to Witness Highest Growth

  • The IT industry needs on-premise private data storage centers and hyperscale data centers for its operations according to the size of the organization. Additionally, the adoption of cloud storage has increased over the years due to growth in SaaS providers, which is enabling cloud storage providers to expand their capacities and is expected to increase the demand for data center cooling systems.
  • Cloud storage providers, like Microsoft, AWS, and Google, are expanding their storage capabilities to offer more efficient work-flow on the cloud. These companies are making investments in hyperscale deals. In May 2018, Google announced that it was adopting liquid cooling systems for AI data crunching, as the heat generated its new tensor processing units (TPUs) exceeded the limits of its previous data center cooling solutions.
  • Moreover, CloudHQ stated that, by 2022, the industry is expected to get the 350-megawatt storage campuses. In 2018, the company signed a 72-megawatt lease in Ashbum, which is the largest in the data center history.
  • In February 2018, the second-largest grocery chain in America, Albertsons Companies, announced the adoption of cloud storage service from Microsoft to improve the retail experience. With this, the company planned to leverage the cognitive analytics, AI, and data science capabilities from Microsoft. Such advancements among top retailers are expected to launch new data center establishments which will drive the demand of data center cooling market.

Competitive Landscape

The data center cooling market is fragmented as the benefits offered by the technology and support from the government by imposing efficiency regulations on data centers are expected to directly help the growth of the data center cooling market. Market penetration is growing with a strong presence of major players in established markets and with the increasing focus on innovation, the demand for new technologies is growing, which, in turn, is driving investments for further developments. Key players are Vertiv Co., Schneider Electric SE, STULZ GMBH, etc.

Key Topics Covered:

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Market Overview
4.2 Industry Value Chain Analysis
4.3 Industry Attractiveness – Porter’s Five Forces Analysis
4.4 Market Drivers
4.4.1 Increasing Volume of Digital Data
4.4.2 Emergence of Green Data Centers
4.5 Market Restraints
4.5.1 Adaptability Requirements and Power Outages

5 MARKET SEGMENTATION
5.1 Type
5.1.1 Air cooled
5.1.2 Liquid cooled
5.1.3 Chillers
5.1.4 Economizer Systems
5.1.5 Row/Rack/Door/Overhead Cooling Systems
5.2 Service
5.2.1 Installation and Deployment
5.2.2 Consulting, Support, and Maintenance Services
5.3 End-user Vertical
5.3.1 Information Technology
5.3.2 BFSI
5.3.3 Telecommunication
5.3.4 Healthcare
5.3.5 Government
5.3.6 Other End-user Verticals
5.4 Geography

6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Major Vendors
6.1.1.1 Daikin Industries, Ltd.
6.1.1.2 Schneider Electric S.E.
6.1.1.3 Mitsubishi Electric Corporation
6.1.1.4 Johnson Controls International plc
6.1.1.5 Asetek, Inc.
6.1.2 Other Vendors
6.1.2.1 STULZ GMBH
6.1.2.2 Rittal GmbH & Co. KG
6.1.2.3 Nortek Air Solutions
6.1.2.4 Vertiv Co.
6.1.2.5 Munters Group AB

7 INVESTMENT ANALYSIS

8 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information about this report visit https://www.researchandmarkets.com/r/a868dg

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

Markets Insider and Business Insider Editorial Teams were not involved in the creation of this post.

Source: https://markets.businessinsider.com/news/stocks/global-data-center-cooling-market-report-2020-market-was-valued-at-8-07-billion-in-2019-and-is-expected-to-reach-a-value-of-16-62-billion-by-2025-1029814218

[ALT0]

Business insider

Annual Report and Sustainability Report 2021: New Wave Group AB

KUNGÄLV, Sweden, April 14, 2021 /PRNewswire/ — New Wave Group AB today published the Annual Report and Sustainability Report for 2020 on www.nwg….

Published

on

KUNGÄLV, Sweden, April 14, 2021 /PRNewswire/ — New Wave Group AB today published the Annual Report and Sustainability Report for 2020 on www.nwg.se.

The printed version of the Annual Report and Sustainability Report can be ordered by email [email protected]

Gothenburg, Sweden, 14 April 2021

For more information, please contact:

CEO
Torsten Jansson
Phone: +46 31-712 89 01
E-mail: [email protected]

CFO
Lars Jönsson
Phone: +46 31-712 89 12
E-mail: [email protected]

This information is information that New Wave Group AB is obliged to make public pursuant to the Securities Markets Act. The information was submitted for publication, through the agency of the contact persons detailed above, at 9:00 a.m. CET on 14 April 2021.

If you want to sign up for, or unregister from, future messages from New Wave Group, please send an email to [email protected]

This information was brought to you by Cision https://news.cision.com

https://news.cision.com/new-wave-group/r/annual-report-and-sustainability-report-2020-new-wave-group-ab,c3324550

The following files are available for download:

https://mb.cision.com/Main/932/3324550/1400837.pdf

Annual report 2020 (PDF)

https://mb.cision.com/Public/932/3324550/a895ddad28ba0b60.pdf

Sustainability report 2020 (PDF)

Cision View original content:https://www.prnewswire.com/news-releases/annual-report-and-sustainability-report-2021-new-wave-group-ab-301268497.html

SOURCE New Wave Group

Markets Insider and Business Insider Editorial Teams were not involved in the creation of this post.

CEO
Torsten Jansson
Phone: +46 31-712 89 01
E-mail: [email protected]

Source: https://markets.businessinsider.com/news/stocks/annual-report-and-sustainability-report-2021-new-wave-group-ab-1030302165

annual-report-and-sustainability-report-2021:-new-wave-group-ab

Continue Reading

Business insider

Elon Musk’s Neuralink scientists are not the first to get a monkey to control a computer with its mind

Elon Musk. Britta Pedersen-Pool/Getty Images Elon Musk's Neuralink showed off its technology allowing a monkey to play video games with it…

Published

on

GettyImages 1229892421Elon Musk.

Britta Pedersen-Pool/Getty Images

  • Elon Musk’s Neuralink showed off its technology allowing a monkey to play video games with its mind.
  • Scientists have been able to get monkeys to control computer cursors via neural interfaces since 2002.
  • It’s an important test of Neuralink’s technology, but not a revolutionary piece of science.
  • See more stories on Insider’s business page.

This week, Neuralink, a company founded by Elon Musk that specialises in neural interface technology, unveiled a fairly astonishing example of its work.

In a video released Thursday, the company showed off how far its come testing its technology on primates. In the video, a macaque monkey named Pager, which Neuralink claims has had a chip implanted in his brain for six weeks, is able to play video games like Pong purely via the chip. Playing the games correctly meant Pager was rewarded with a sip of banana smoothie.

This is, objectively, pretty amazing. As Musk put it in an excited tweet on Thursday: “A monkey is literally playing a video game telepathically using a brain chip!!”

Perhaps even more amazing: monkeys have been playing video games with their minds for almost 20 years.

“Brain-control of computer cursors by monkeys is not new,” Professor Andrew Jackson of the University of Newcastle told Insider, adding that the first comparable demonstrations of technology like Neuralink’s took place in 2002.

A group of researchers in 2002 were able to show they could get a monkey to move a cursor on a computer screen at will, noting at the time that the technology could be used to help paralyzed people control screens in a similar way.

Jackson added the idea behind the technology dates back as far as the 1960s. In 1969, a researcher called Eberhard Fetz connected a needle on a meter to a single neuron in a monkey’s brain, and was able to train the monkey to move that needle using only its brain activity.

Neuralink, which was founded in 2016, is developing a microchip, which theoretically, would be implanted in a person’s skull, from which wires would fan out into their brain. These wires would be able to record brain activity, as well as stimulate areas of the brain.

The idea is that these chips could help study and treat neurological diseases and conditions in the near term. In the long term, Musk says they form part of his ideal of a “symbiosis” between human consciousness and AI (although experts have frequently expressed skepticism about this part).

Musk has been hyping up the monkey for years – but neuroscientists haven’t been that impressed

Musk first gave the world a hint about Neuralink’s tests on monkeys during a streamed presentation of the company’s designs in 2019.

“A monkey has been able to control a computer with its brain, just FYI,” he said, appearing to take Neuralink president Max Kodak by surprise with the announcement. “The monkey’s going to come out of the bag,” Musk joked.

Andrew Hires, an assistant professor of neurobiology at the University of California, told Insider in 2019 that he was not surprised Neuralink had been able to achieve that result – and accurately predicted the kind of telepathic monkey computer-usage which Neuralink showed off in its video on Friday.

“The monkey is not surfing the internet. The monkey is probably moving a cursor to move a little ball to try to match a target,” Hires said. This pretty well exactly matches one of the games Pager was shown playing in the video released Thursday.

Musk started to hype up the monkey again earlier this year. “We’ve already got a monkey with a wireless implant in their skull … who can play video games using his mind,” he said during an interview on Clubhouse on January 31.

Musk is a canny marketer, and he’s very familiar with using his own peculiar brand of fame to merchandise and advertise his companies. It’s worth noting that at the end of the video with a call for people to apply for jobs at Neuralink – making for an ingenious recruitment strategy.

Neuralink is still doing new things, and the monkey is important

While neuroscientists have said the underlying science of getting a monkey to play video games with its mind is not revolutionary, they have praised the engineering of Neuralink’s wireless chip.

Speaking to Insider in September 2020 (following a presentation in which Neuralink showed off its technology working after being implanted in the brain of a pig) Professor Jackson said the development of any neural interface technology that doesn’t require wires to protrude out of the skin is a good thing, as it reduces the risk of infection.

“Just from a welfare aspect for the animals, I think if you can do experiments with something that doesn’t involve wires coming through the skin, that’s going to improve the welfare of animals,” he said, adding that further down the road it could have benefits for humans as well.

Elon Musk Neuralink pigsElon Musk showed off Neuralink’s tech in a pig in August 2020.

Neuralink YouTube

Responding to the video released on Thursday of Pager the monkey, Jackson said while it’s not earth-shattering, it is an important proof of concept.

“I certainly do not mean to criticise them for demonstrating something that has been done before. It is a sensible way to validate any new technology. If you invent a new telescope, it makes sense to first point it where you know what you will see. So they are following a very sensible route to validate their device,” Jackson said.

Rylie Green, a bioengineering researcher at Imperial College London, told Insider: “The best thing I can see from that video is that the macaque is freely moving. There’s also no visible package connected to it. I would say that is definitely progress – not super innovative but a nice positive step forward.”

This week, Neuralink, a company founded by Elon Musk that specialises in neural interface technology, unveiled a fairly astonishing example of its work.

Source: https://markets.businessinsider.com/news/stocks/elon-musk-neuralink-not-first-scientists-monkey-control-computer-mind-2021-4-1030291418

elon-musk's-neuralink-scientists-are-not-the-first-to-get-a-monkey-to-control-a-computer-with-its-mind

Continue Reading

Business insider

Fintel Connect Introduces Fintel Check, an AI-Powered Content Marketing Compliance Tool

VANCOUVER, B.C., April 6, 2021 /PRNewswire/ — Performance marketing technology company Fintel Connect announced the launch of its latest offering…

Published

on

VANCOUVER, B.C., April 6, 2021 /PRNewswire/ — Performance marketing technology company Fintel Connect announced the launch of its latest offering for the financial services industry, Fintel Check, a regtech tool to help financial brands keep their content marketing compliant. More than 50+ financial brands and fintechs are already leveraging Fintel Connect’s technology to enhance their marketing through its performance marketing network and tracking and reporting capabilities. Fintel Check represents the latest in a product suite designed to ensure financial institutions and their partners can meet emerging regulatory requirements in their marketing.

Fintel Check is designed specifically for banks, financial institutions and fintechs to monitor their product and brand content and ensure that critical information like interest rates, terms and conditions, and more are accurately represented in marketing campaigns.

The financial services space is highly regulated, with brands required to abide by strict laws and policies that govern advertising and consumer protection. According to Deloitte’s survey on regulatory and compliance trends in 2021, 91% of responding financial institutions expect to increase their use of automation and analytics to address regulatory compliance issues. Recognizing the steep challenge to continuously manage this across all marketing partners and digital channels, the team at Fintel Connect developed its monitoring tool to give marketers a way to more easily manage campaigns over time and scale their marketing efforts safely.

“Financial institutions are looking to scale their digital growth, and a key friction point to achieving this is marketing compliance,” explains Nicky Senyard, CEO and Founder of Fintel Connect. “Fintel Check gives our partners the efficiency and transparency with their marketing efforts and content management in a way that cannot be achieved in-house. We take the friction points and heavy-lifting out of scaling digital partnerships.”

Fintel Check uses AI and proprietary machine-learning algorithms to monitor, identify and report a brand’s mentions from publisher partners. Built-in reports provide complete transparency on coverage, as well as automatic screenshots that are stored in the company’s secure database and can be retrieved for auditing purposes.

The tool follows the launch of the company’s performance marketing platform Fintel Performance, released in January 2020. Through Fintel Performance, brands are provided a scalable, cost-effective channel for digital customer acquisition. Fintel Check augments this channel by integrating a layer of safety and content monitoring checks.

Plans are in place for the product’s next release in Q3 2021, which include added features such as custom compliance rules, expanded scanning capabilities, and more.

Banks, financial institutions, and fintechs that are interested can visit the website to learn more about Fintel Check or schedule a demo.

About Fintel Connect
Fintel Connect is a leading performance marketing company dedicated to serving the financial services and fintech space. Based in Vancouver, Canada, the team at Fintel Connect support a wide range of tier one banks, community banks and financial technology companies through its extensive network of publishers and fully scalable tracking and reporting technology.

If you’re:

Press and would like to connect, please contact Gilian Ortillan at 604.783.1724 or [email protected]
A merchant and would like to know more, visit https://fintelconnect.com/merchants.
A publisher that would like to join our network, visit https://fintelconnect.com/publishers.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/fintel-connect-introduces-fintel-check-an-ai-powered-content-marketing-compliance-tool-301262922.html

SOURCE Fintel Connect

Markets Insider and Business Insider Editorial Teams were not involved in the creation of this post.

The tool follows the launch of the company’s performance marketing platform Fintel Performance, released in January 2020. Through Fintel Performance, brands are provided a scalable, cost-effective channel for digital customer acquisition. Fintel Check augments this channel by integrating a layer of safety and content monitoring checks.

Source: https://markets.businessinsider.com/news/stocks/fintel-connect-introduces-fintel-check-an-ai-powered-content-marketing-compliance-tool-1030277042

fintel-connect-introduces-fintel-check,-an-ai-powered-content-marketing-compliance-tool

Continue Reading

Title

Cointelegraph50 mins ago

Massachusetts regulator seeks to revoke Robinhood’s broker-dealer license

Massachusetts' securities regulator is seeking to revoke the broker-dealer license of cryptocurrency-friendly stock trading app Robinhood in the state.

Entrepreneur6 hours ago

Penny Stocks To Buy For Under $1 On Robinhood

Are Penny Stocks Under $1 on Robinhood Worth It?

Crunchbase20 hours ago

C2i Genomics Secures $100M Note To Detect Tiny Traces of Cancer

C2i’s cancer diagnostics service uses AI pattern recognition and whole-genome analysis to spot trace amounts of cancer much quicker.

Blockchain news22 hours ago

Ethereum’s Upside Appears Limitless as ETH Breaches $2,400 For the First Time Ever

On-chain metrics provider Santiment has delved deeper into Ethereum’s uptrend and noted that its rally to $3k and beyond looks...

CNBC1 day ago

JPMorgan Chase beats profit estimates on strong trading, $5.2 billion release of loan-loss reserves

JPMorgan posted first-quarter profit of $4.50 a share, much higher than the $3.10 per share expected by analysts surveyed by...

CNBC2 days ago

Coinbase drops below debut price

Coinbase held its direct listing on the Nasdaq on Wednesday, luring public market investors who've been waiting to get into...

Ventureburn2 days ago

Joburg healthtech startup secures undisclosed seven-figure funding –

Quro Medical has secured an undisclosed seven-figure USD amount of funding in a seed round led by Enza Capital and...

ZDNET2 days ago

Is there a market for an Apple TV/HomePod Frankenstein?

Rumors are circulating that Apple is planning to take two devices that aren't selling all that well, and smash them...

Reuters2 days ago

Biden set to withdraw U.S. troops from Afghanistan by Sept. 11

President Joe Biden plans to withdraw the remaining 2,500 U.S. troops from Afghanistan by Sept. 11, 2021, 20 years to...

Business insider2 days ago

Annual Report and Sustainability Report 2021: New Wave Group AB

KUNGÄLV, Sweden, April 14, 2021 /PRNewswire/ -- New Wave Group AB today published the Annual Report and Sustainability Report for...

Review

    Select language

    Trending