Information security is an enabler for new opportunities, says Vodafone cyber security report
A new report has revealed that 86% of high-growth companies believe that new business opportunities are enabled by having strong cyber security.
Vodafone's Cyber Security: The Innovation Enabler report has identified that companies understand just how important cyber security is, with 87% of 1,434 respondents anticipating an increase in their security budget over the next three years.
High-profile cyber attacks - such as the Petya ransomware that shut down most of Ukraine and cost Reckitt Benckiser $135mn - have reaffirmed the belief that a secure digital network can help drive business and grow trust.
This is shown by the statistic that 78% of business believe cyber security to be increasingly essential and of high strategic importance.
However, businesses are unsure how to go about securing their digital safety - 41% revealed that they are unsure who could help deal with security challenges, whilst this is a more acute problem for smaller firms who do not have in-house capabilities.
Losing critical data, network breaches and reputational damage are the top three fears and this would have been amplified by the situation that Equifax currently finds itself in after a widespread data breach, with stock prices tumbling by 33%.
A growing number of cloud and IoT adopters see cyber security as a means of establishing new opportunities and a source of financial benefits, as opposed to a barrier to progress.
Airbiquity and Cyngn make any warehouse vehicle autonomous
This new partnership will support companies working in warehouses move and handle goods without needing a human to drive the machines. By introducing this technology, warehouses will have the ability to evolve their existing vehicles to become autonomous.
“Working with Cyngn, we have the opportunity to help guide the future of autonomous vehicles and make our technology accessible to more industries,” explained Kamyar Moinzadeh, President and CEO of Airbiquity.
Vehicle agnostic technology for flexibility
Cyngn’s flagship product, DriveMod, is an end-to-end autonomy solution that can be flexibly deployed on multiple vehicle types in various environments. DriveMod delivers intelligent analytics, artificial intelligence, advanced safety features and self-driving capabilities for industrial vehicles.
The technology is vehicle agnostic which means DriveMod works across all kinds of industrial vehicles, regardless of age, vehicle type or manufacturer.
"On the heels of announcing our OTAmatic expansion into non-automotive industry vehicles, this partnership is further validation of the need for safe and secure industrial-grade over-the-air software update management technology to ensure that autonomous vehicles are running most efficiently," said Moinzadeh.
OTAmatic, an over-the-air (OTA) software and data management solution, developed by Airbiquity, securely orchestrates and automates connected vehicle software updates and data management from the cloud.
Securely evolving vehicles to become autonomous
By integrating Airbiquity’s OTAmatic and Cyngn’s DriveMod, organisations can invest in industrial AV technology that starts generating value today while being prepared to tackle the challenges of tomorrow.
Typically, industrial AV solutions require companies to completely replace their existing fleet. This new partnership between Airbiquity and Cyngn shifts that paradigm through retrofitting.
Discussing the benefits of the new partnership, Lior Tal, CEO at Cyngn said: "Autonomous vehicle fleets generate vast amounts of data, which we leverage to derive greater insights and create opportunities for increased efficiency. By using Airbiquity's most advanced and industry-proven over-the-air update technology, companies gain access to these ever-expanding capabilities without disrupting their daily operations."
With both companies’ technology, organisations in the materials handling market will be able to securely evolve their vehicles into AV systems which can be refined over time – thus leading to increased autonomous fleet management efficiency and up-time.
Leveraging data to improve AVs
DriveMod enables fleets of all shapes and sizes to drive autonomously. This can be achieved by a simple retrofit or by being embedded directly into original equipment manufacturer (OEM) vehicles at assembly.
Businesses within many industries, such as mining, automotive and construction, use OTAmatic to efficiently plan and execute OTA campaigns. This can be done with refined vehicle and device targeting, discrete policy and privacy controls, customisable user communications and solution deployment flexibility.
Over time and with more data, DriveMod will develop a deeper understanding of the domains in which it operates. Combining this with OTAmatic’s over-the-air software updates ensures autonomous vehicle fleets will continue to generate novel value and efficiency.