A recent research report released by IHS has shown that more companies are investing in public security for a smarter and safer society. The report said the global investment in public security solutions has exceeded $5.5 billion and estimated that the number would increase to $8 billion by 2019.
Huawei, a global Information and Communications Technology (ICT) solutions provider, is one company that is creating global awareness on smarter and safer society for the entire globe and it has officially unveiled its Integrated Communication Platform (ICP) that will boost smarter and safer society.
The solution, which was launched at the recently concluded Huawei Connect 2016 Global Safe City Summit in Shanghai, China, is a new addition to Huawei’s range of Safe City solutions featuring extensive connectivity and high visibility. The platform can pick up alerts from various channels via social media, Internet of Things (IoT) and can also quickly and extensively access videos. It enables fast response and handling of security alerts, streamlined coordination of different first responder departments, and granular, informed command decisions.
The solution, according to Huawei, would make cities safer for people.
The Global Safe City Summit attracted over 1,500 attendees from government departments, standards organisations, consultancy firms, and Huawei’s industry partners. The summit featured discussions on the use of innovative technologies such as cloud computing, Internet of Things, mobile broadband, and video. Participants said the security industry must become smarter and cloud-based to develop proactive, integrated, fully visualised safe city systems.
Speaking on how the solution can shape the world, President of InterPol, and Commissioner of the Singapore Police, Khoo Boon Hui, said across the world, police and security agencies recognise that traditional security analogue practices no longer meet the needs of modern cities.
“In today’s digital economy, a variety of new security threats have emerged. We need to evolve from building urban security systems to enhancing collaborative public security. We must keep pace with rapid societal and technological changes, and improve security arrangements for inter-agency collaboration as well as deepen police-public cooperation,” Hui said.
According to him, technologies such as IoT, LTE, cloud, and big data analytics help security agencies to quickly develop strategies, improve security infrastructure, and control costs.
The Director for Security and Critical Communications Research at IHS, Thomas Lynch believes the key to a safe city is the free flow of data.
“New technologies can deliver more efficient emergency services and faster threat response,” Lynch said.
The Kenya government is a trailblazer in the security industry, and has extensive experience implementing safe city solutions, according to iC3 Director, National Police Service, Ministry of Interior and Coordination of National Government, Kenya, Mr. Francis Gachina Gatuthu. He explained that the Kenya government made a significant commitment to improving public order over the past few years. The command centres’ eLTE system gives it access to close circuit television (CCTV) coverage of major events and urban districts, so that it can respond to incidents with speed and precision.
He said: “The Kenya Government is modernisng communications in the National Police Service as per the vision 2030 on security sector. Figures supplied by Kenya Police Dept’s 2015 annual report show that since the introduction of the new system, the crime rate in Kenya has dropped significantly, and tourism has also picked up considerably.”
REVEALED: Millionaire Investors’ Biggest Mistakes in a New Survey
Relying on guidance from historical returns is the number one investment mistake made by millionaires, reveals a new global survey.
The survey was carried out by deVere Group, one of the world’s largest independent financial advisory and fintech organisations, and queried 752 investors with investable assets of more than £1m (or the equivalent) in the UK, Europe, Asia, Africa, the Middle East, Australasia, Latin America and North America about their biggest errors whilst investing before they became clients.
The top cited mistake (38%) was reliance on historical returns, the second (35%) was not having sought advice, and the third (21%) was lack of diversification. A collection of other mistakes and ‘do not knows’ made-up the remaining 6%.
deVere CEO and founder, Nigel Green, says: “It’s interesting to see that for the first time in our surveys of this kind that the number one investment mistake high-net-worth individuals have made is, they say, reliance on guidance from historical returns.
“To me, this suggests that wealthy investors are paying attention to how the world has changed dramatically this year and, therefore, investment strategies need to adapt and evolve too in order to reflect the new era we’re living in.
“With fundamental shifts in economies and the markets, the often-quoted industry phrase ‘past performance is not a reliable indicator of future performance’ has perhaps never rung more true than it does today.”
He continues: “It’s encouraging that seeking advice is deemed fundamental to success by millionaires as it shows that DIY investing and not having a regularly reviewed plan is, typically, a path full of costly pitfalls.”
Mr Green goes on to add: “The lack of diversification was in some ways bound to make the top three. Why? Because it is universally regarded as an investor’s best tool to mitigate risks and capitalise on opportunities that arise.”
The fact the top three mistakes are all fairly close in percentage terms says to the deVere boss, “that, in fact, they all link in pretty tight to number two – that’s to say, having a robust, considered and consistently reviewed strategy for your personal finances.”
Mr Green concludes: “To some, this could appear as if investing your hard-earned money is dangerous.
“Yet nothing could be further from the truth – not investing is likely to be more dangerous to your wealth over the longer-term.
“This is shown by the fact that most of the world’s wealthiest people are themselves committed investors.”
Investors Turn to Digital Health Startups With $10 Billion Funding in 2020
Global Investors Dump $10 Billion on Digital Health Startups in 2020
Data presented by Buy Shares shows that digital health startups funding has hit $9.9 billion in 2020. The highest funding was recorded in Q3 at $4.6 billion.
The surge in funding is expected to continue
Between Q1 and Q3, the funding grew by 58.62%. During Q1, the funding was $2.9 billion. The figure slightly dropped during Q2 to $2.4 billion.
The Buy Shares research also overviewed the five largest digital health funding deals as of Q3 2020. Bright Health was the biggest deal at $500 million with funding from Blackstone, Tiger Global Management among others. XtalPi recorded the second-highest funding at $319 million.
In the third spot, there is RecursionPharmaceuticals with cumulative funding of $239 million while Ro is fourth at $200 million. Out of the overviewed top funding, Ground Rounds is ranked fifth at $175 million.
The research highlights the value of digital health to investors. According to the research report:
“To investors, the digital health sector offers a promise of both good financial returns and key positioning by supporting companies that build solutions to address clinical and operational hurdles. The sector offers a unique value to companies as they hold integral direct access to both providers and patients.”
The surge in funding is expected to continue and shatter various records in 2020.
World’s Five Largest Asset Management Companies Hold $22.5trn in Assets, More than US GDP
Global Five Biggest Asset Management Companies Hold $22.5trn in Assets, More than US GDP
Institutions and individuals who invest money usually do so with the asset manager’s help, a company that manages their investments and makes a profit for both sides. These firms make well-timed investment decisions on behalf of their clients to grow their portfolio and finances.
According to data presented by Stock Apps, the world’s five largest asset management companies hold $22.5trn in assets, more than the GDP of the United States. With more than $7.3trn in assets under management or one-third of that value, BlackRock represents the leading asset manager globally.
Total Assets Under Management of BlackRock Surged 57% in Five Years
Asset management companies work with several investors, which enables them to reduce the risk, diversify their clients’ portfolios, and provide access to higher-value options with better capital appreciation prospects. In many cases, they make money by charging fees based on the number of assets they manage, although some companies charge flat fees. These firms usually also provide other services than asset management, which generates only a part of their revenue.
The world’s largest asset manager, BlackRock, has become one of the leading players on the financial market over the last 25 years. It serves individual investors, companies, governments, and foundations through 70 offices all around the world. BlackRock also tops the list of largest Exchange Traded Fund (ETF) providers in the United States and has played a huge role in advising the US government during the financial crisis.
In 2015, the total value of assets under BlackRock’s management amounted to $4.6trn, revealed the company’s annual report. During the last five years, this figure surged by 57% to $7.3trn in 2020. Besides leading in the value of managed assets, the New York-based financial giant also witnessed a steady market cap growth in 2020. In September, the total value of BlackRock stocks hit $83.6bn, a 22% jump year-over-year.
With $5.7trn in total assets under management, the Vanguard Group ranked as the second-largest asset manager globally. The US financial company, with 20 locations worldwide and 17,600 employees, is also the second-largest provider of exchange traded funds and the largest provider of mutual funds in the world.
Eight of the top 10 Asset Management Firms are US Companies
UBS Group represents the third-largest asset manager globally, with more than $3.5trn in assets under management. The Swiss financial corporation and the country’s largest bank announced a net profit of $1.23 billion for the second quarter of 2020, an 11% drop year-over-year mostly caused by the continued credit losses amid the coronavirus crisis.
However, higher trading activity continued to support the bank’s earnings between March and June. The Group’s quarterly earnings also revealed an operating income of $7.4bn, compared to $7.5bn a year ago. Statistics show the Swiss lender lost $1.6bn in market capitalization in 2020, with the total value of stocks falling from $45.6bn in December 2019 to over $44bn this month.
State Street Global Advisors and Fidelity Investments ranked as the fourth and fifth largest asset managers globally, with $3.05trn and $2.92trn in total assets under management.
Analyzed by geography, the US asset managers lead on the global list of the most successful companies, with eight of the top 10 asset management firms from the United States. Statistics also show the world’s largest banks like JP Morgan Chase, Goldman Sachs, and Bank of America were not among the top five asset managers in terms of managed assets.
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