Displaying items by tag: Mobility

Tesla to increase prices and keep several stores open

Written on Tuesday, 12 March 2019 07:59

Tesla is planning to increase prices by 3% on all cars except for the new mid-market Model 3.

Recently, Tesla said it would close down several stores in order to pay for a cut in the price of the Model 3 in the US to USD $35,000. The amount of stores to be closed down were not previously specified but Tesla has said that it now plans to close down “about half as many” stores as it makes half the cost savings.

The car manufacturer stated that if more stores were to be kept open, then the prices of their vehicles would have to increase by an average of about 3% worldwide.

Tesla has 378 stores and service locations worldwide but did not identify which ones would be closed.

A company spokesperson stated: “Over the past two weeks we have been closely evaluating every single Tesla retail location, and we have decided to keep significantly more stores open than previously announced as we continue to evaluate them over the course of several months.”

Tesla is planning to conduct online purchases which they claimed would take just a few minutes. The company said that buyers in store will be shown how to buy a Tesla online through their smartphones. They previously stated that if online sales were to increase, it would cause prices to decrease by an average of 6%.

In an attempt to convince customers to purchase their cars online, they said that it had a “generous returns policy” whereby the customer will be able to return a car after 1,000 miles or within seven days. This has been done to significantly decrease the need for test drivers.

Tesla has also said that some of its recently closed stores that used to be in “high visibility locations” will be reopened but with smaller amounts of staff and less cars.

The previous year has been “the most challenging” year in Tesla’s history as a business. The company has been attempting to cut costs as much as possible. In January, they announced a 7% job cut, equating to 3,000 job cuts.

Back in January, company founder Elon Musk stated that the company’s cars were still “too expensive for most people”.

He has been subject to a great deal of controversy over his tweet. Last month, he was held in contempt of court upon the request of the US regulator, the Securities and Exchange Commission, for violating a settlement month which was aimed at limiting his usage of social media.

This issue is due to his previous tweets about the company’s financial situation and some tweets from august last year in which he claimed he secured funds to make the company private.

Mr Musk has until today to officially respond.

Published in Finance

Open source on the rise in Asia Pacific enterprises

Written on Tuesday, 06 December 2016 05:56

A survey of 455 CIOs and senior IT decision-makers from nine countries in Asia Pacific, undertaken for Red Hat and Intel by Forrester Consulting, found enterprises in the region turning to open source vendors to innovate, reduce vendor lock-in, and get past the obstacles of security concerns that have been associated with it.

IT decision-makers were surveyed in Australia, China, Indonesia, India, Japan, Korea, Malaysia, Singapore and Taiwan. Forrester says the study revealed that, among CIOs and senior IT decision makers, open source is not just a cost-saving option; it is also a strategic investment that can lead to digital innovation.

“[the survey] indicates open source usage is moving from community freeware to enterprise-grade solutions,” Forrester said. “Asia Pacific IT leaders view open source as improving the evolution of technologies that are key to digital transformation, including cloud, DevOps, mobility, and big data.”

According to Forrester, “In total, 52 percent of technology leaders in Asia Pacific have already implemented or are embracing OSS.” (This statement however is an extrapolation from the results of its survey – clearly it cannot definitively assess open source adoption across the region).

“OSS are powering the rapid creation of new customer-facing services, software, and digitized processes. Organizations are able to deliver on customer demands promptly, by removing the heavy lifting and upfront investment needed with traditional licensed technology and/or software.”

According to Forrester “Asia Pacific IT leaders have clearly translated business objectives into IT initiatives as they focus on integrating back-end systems/applications (65 percent), empowering workforce through mobility (60 percent), consolidating-customer facing applications (58 percent), and modernizing legacy applications (51 percent) to better respond to changing customer needs.”

However priorities differed across countries. “Integrating the back and front end of systems was identified as a top IT priority in Singapore (76 percent). Mobility for workforce efficiency was at the top for Korea (68 percent). Consolidating systems to create a single customer view was seen at the top for Australia (59 percent), India (67 percent), and Taiwan (68 percent), while updating legacy applications was at the top for Malaysia (68 percent).”

Published in Telecom Vendors

Fresh from its announced acquisition of Yahoo’s core internet business for $4.8 billion, American telecoms company Verizon recently announced another mammoth acquisition, amounting to $2.4 billion. Verizon is purchasing Fleetmatics, a Dublin, Ireland-based telematics company, in order to build out the products that it offers to enterprises in the areas of logistics and workforces that are on the move.

Verizon plans to make Fleetmatics a part of Verizon Telematics, a subsidiary of the company that focuses on fleet management, mobile workforce solutions, and the Internet of Things (IoT). Verizon is on a roll with its string of recent acquisitions. About six weeks ago, the telco announced that it would acquire Telogis to gain ground in the connected car industry.

A report by Tech Crunch suggests that Verizon’s acquisition of Fleetmatics shows how Verizon is continuing to use its balance sheet to finance investments into newer areas to offset continuing declines in its core, legacy business of basic phone services. Essentially, Verizon doesn’t want to become reliant upon a potentially fading industry, as people turn to other less traditional voice services. Venturing out into new areas of communication could save Verizon in the long-run, and keep its revenues growing.

That is the general idea behind Verizon’s acquisition of Telogis and Yahoo, aiming to scale up the telcos’ media, advertising, and content operations. But Verizon’s acquisition of Fleetmatics on the other hand points to the company’s ambitions in enterprise services – specifically enterprise mobility.

The customers for these types of services include companies that employ fleets of workers who are always on the move as part of the companies’ wider operations (such as Time Warner Cable and DirecTV – Fleetmatics’ existing customers). Verizon aims to be the go-to source of mobility tools such as smartphone services that have made enterprise mobility possible.

Like Uber, which has been investing in building out a logistics business that goes beyond the transportation of people, Verizon also wants to catch on to this market. Many startups, and also other big players like Amazon, are attempting to disrupt more traditional providers of mobility services. To increase its revenues and build on its ambitions to branch out into new markets, Verizon has carefully chosen particular companies to acquire in order to see its goals fulfilled, to go beyond basic network connectivity.

For example, Fleetmatics has a lot to bring to the table. It’s a SaaS-based provider of GPS and other services to fleets and companies with mobile workforces, with 37,000 customers, 737,000 subscribers, and 1,200 employees. The company provides location services, driver and vehicle security services, fuel tracking, dispatching and billing services.

Verizon Telematics CEO, Andres Irlando, confirmed that the purpose of the acquisition was to build up its telematics services for small and medium firms. Fleetmatics has been a publicly traded company since 2012 and the deal with Verizon is equivalent to $60 per share in cash, according to Verizon. When it was private, Fleetmatics reportedly raised over $93 million from investors like IVP. The acquisition deal with Verizon is expected to close in Q4 this year.

“Fleetmatics is a market leader in North America – and increasingly internationally – and they’ve developed a wide-range of compelling SaaS-based products and solutions for small- and medium-sized businesses,” said Irlando in a statement.

“Verizon and Fleetmatics share a vision that the SaaS-based fleet management solution market is extraordinarily large, lightly penetrated, global, and fragmented which can be best attacked together with a world-class product offering and the largest distribution channel in the industry,” said Jim Travers, Chairman and CEO, Fleetmatics.

Published in Finance

Whether it is the use of smartphones, laptops or tablets, a recent survey by CommScope shows that mobile devices are playing a larger part as game changers in today’s businesses, as enterprise IT managers struggle to keep pace with mobility’s dramatic effects on workplace productivity and requirements.

Meanwhile, cloud-based IT services and applications also have grabbed the attention of those responsible for enterprise networks, according to the CommScope study. While nearly three-fourths of respondents confirmed they already are deploying some cloud-based applications, the shift to the cloud is far from slowing.

The seventh edition of the CommScope Global Enterprise Survey, released today, found that enterprise mobility and cloud services beat out infrastructure intelligence, 40/100GbE and green power initiatives as the top challenges facing company networks around the world. More than 1,100 IT professionals from 63 nations participated in the tri-annual research.

The survey found a noticeable gap between usage of mobile devices within enterprise facilities and the capability of those buildings to enable wireless traffic. According to the survey, an average of 43 percent of all phone calls originating within an enterprise facility involves a mobile phone, yet only 30 percent of these businesses say their carrier-provided in-building signal coverage and capacity are sufficient to handle the mobile traffic. This had more than three-quarters of respondents admitting that employees had to roam around the office, or even go outside, to get an adequate signal for a call.

“It’s clear from the survey that bring-your-own-device is a growing trend and places a heavy demand on organizational infrastructure, while weighing heavily on the minds of most network IT professionals,” said Kevin St. Cyr, senior vice president, Enterprise Solutions at CommScope. “The pace of mobility adoption by consumers—and thus the workforce and company visitors—has outrun the infrastructure and practices in place within enterprise facilities to support it. This also factors heavily into the uptick in a majority of survey respondents confirming deployment of cloud-based applications.”

Key findings from the CommScope Global Enterprise Survey include:

  • Enterprise mobility: Forty-four percent of surveyed participants see the widespread use of mobile technology as a game-changer. About a third of respondents reported having a distributed antenna system (DAS) deployed on site to support the indoor wireless traffic, while another 36 percent reported no capability to provide adequate indoor mobile coverage or capacity.
  • Cloud services: Forty-four percent of surveyed respondents also pointed to cloud services as a top game-changer and expect that importance to grow. While 21 percent currently rely on cloud technology to run more than half of their applications, 52 percent believe that by 2017 more than half of their applications will reside off-site in the cloud.
  • 40GbE and 100GbE: Nearly a third of respondents indicated that 40GbE and 100GbE would have a significant impact on their future operations, with a majority citing the emergence of laser-optimized multimode. There was also consensus among the respondents as to their installation strategies for future data centers. Sixty-one percent of operators favored a pre-terminated data center solution as opposed to a field-terminated solution.
  • Infrastructure intelligence: Nearly one in three of surveyed participants mentioned the need for intelligent infrastructure as an IT infrastructure game-changer. The key driver, cited in 61 percent of the surveys, is the increasing demand for greater productivity.
  • Green, reliable power: Energy usage is still near the top of many respondents’ minds. One-fourth of respondents indicated that energy and green initiatives would be a game-changer over the next five years. On average, respondents are looking to reduce energy consumption by 18 percent; their strategies involve server virtualization, consolidations and cloud computing.

The survey is conducted every three years, made available in 10 different languages and is online to maximize the number of completions. The survey respondents represent a wide variety of industry sectors. Thirty-five percent are involved in a technology or IT-related business. IT professionals within the finance/banking, industrial/manufacturing, education and government sectors accounted for a combined 36 percent of responses.

“We are trying to capture what’s important to IT managers, and the impact of trends in network planning and connectivity on the jobs they do,” said St. Cyr. “This survey is part of our ongoing commitment to fully understand our customers’ needs while getting a better perspective on how they view and manage their evolving enterprise networks and data centers.”