TeamViewer research highlights the need for seamless technology connectivity to drive financial, operational, and cybersecurity performance
ADELAIDE, Australia, Sept. 12, 2024 /PRNewswire/ -- New research shows that 33% of global businesses with excellent technology connectivity said their financial performance was among the leaders in their industry. Just 16% of businesses with good connectivity said the same. In addition, 56% of Asia-Pacific (APAC) businesses said that excellent technology connectivity gave them a competitive edge. TeamViewer, a leading global provider of remote connectivity and workplace digitalisation solutions, undertook global research conducted by FT Longitude to uncover 'The Real Value of Technology Connectivity'.
Globally, 34% of businesses with excellent connectivity said their operational performance was on par with industry leaders but only 19% with good connectivity said this was the case. Seamless connectivity, the extent to which staff can operate and connect without interruptions, and what all businesses should be aiming for, also increases resilience and supports risk management. In particular, better connectivity helps organisations to withstand the growing threat of cyberattacks. 36% of APAC businesses with excellent connectivity, which are organisations one step below achieving seamless connectivity, were among the leaders in their sector for cybersecurity performance.
"It's clear from the research that connectivity isn't just about driving workforce productivity and efficiencies. The approach of shifting connectivity from a supporting role and cost centre to one that empowers the business has an impact on growth, and ultimately revenue. Fragmented systems blunt competitive advantage so just being good is not good enough when it comes to connectivity. Businesses need seamless integration and harmonization of data to fully realise the opportunities that technologies like augmented reality (AR) and artificial intelligence (AI) bring," said Mei Dent, chief product and technology officer, TeamViewer.
The research found that only one in 20 businesses said their technology was seamless across their organisation. This means that 95% knew they still had some way to go to reach seamless connectivity.
The need to close this gap is clear to APAC organisations:
What is holding organisations back globally?
Globally, organisations with gaps in connectivity (organisations that said they had good connectivity but not excellent or seamless) were more likely to be held back by differences between departments within the organisation (30%) and the inability to show the return-on-investment (ROI) of tech connectivity (27%). Meanwhile, organisations that had excellent connectivity were most likely to be held back by concerns about cybersecurity (24%). So, cybersecurity was both a benefit and a hindrance to better connectivity.
There was also a lack of trust in internal data in almost all organisations. The top reasons undermining trust in data were multiple versions of the truth within the company based on different data sets (38%), conflicting data management practices (32%), and too many instances of poor hardware reliability (31%).
Interestingly this mistrust of internal data varied across company size. It was more likely to be driven by lack of data literacy in smaller organisations. 40% of respondents working for companies generating US$10 million to US$49.99 million in yearly revenue reported a lack of data literacy among employees, compared to 21% of companies generating US$10 billion and above.
A company's ability to connect to any device, application, and system in its infrastructure, and to make use of existing data, has an outsized influence on performance. Whether it is smarter logistics operations or remote technical guidance, access to knowledge from any device, at any time, helps people work smarter and reduces the mistrust that there are multiple versions of truth in data.
Dent continued, "There is a long way to go for companies to achieve seamless connectivity, but the benefits far outweigh the initial investment of time and resources. Doing nothing also has a cost. With many struggling with increased competition and a lack of skilled labour available, organisations need to do all they can to attract and retain the best talent. And one way to do this is to offer a working environment with integrated systems and connectivity that makes it a great place to work and thrive in their careers."
Notes to editors
This research was conducted by FT Longitude between March and April 2024. 500 business leaders across six countries took part: Australia, Canada, Japan, Germany, United Kingdom, and the United States. Business leaders represented enterprises from the automotive, industrial manufacturing, IT, logistics, transport and distribution, financial services, retail, public sector, and utilities industries.
About TeamViewer
TeamViewer is a leading global technology company that provides a connectivity platform to remotely access, control, manage, monitor, and repair devices of any kind – from laptops and mobile phones to industrial machines and robots. Although TeamViewer is free of charge for private use, it has around 640,000 subscribers and enables companies of all sizes and from all industries to digitalize their business-critical processes through seamless connectivity. Against the backdrop of global megatrends like device proliferation, automation, and new work, TeamViewer proactively shapes digital transformation and continuously innovates in the fields of augmented reality, Internet of Things, and artificial intelligence. Since the company's foundation in 2005, TeamViewer's software has been installed on more than 2.5 billion devices around the world. The company is headquartered in Goppingen, Germany, and employs more than 1,500 people globally. In 2023, TeamViewer achieved a revenue of around EUR 627 million. TeamViewer SE (TMV) is listed at Frankfurt Stock Exchange and belongs to the MDAX. Further information can be found at https://www.teamviewer.com/.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
A third of businesses with excellent technology connectivity say they are among the leaders in their industry in financial performance
PALO ALTO, Calif., Sept. 18, 2024 /PRNewswire/ -- Mega Matrix Corp. ("MPU" or the "Company") (NYSE American: MPU), today announced that it will launch its revenge short drama "Revenge Beyond the Grave" on September 18th at FlexTV. This is no ordinary tale of vengeance, as it delves deeper into themes of female solidarity and personal growth.
Grace, a successful female entrepreneur, finds her life hanging by a thread on her birthday after being betrayed by her greedy husband, Matthew, and his mistress, Fiona. Her twin sister, Ashley, abandons her own flourishing career, going into hiding to seek revenge on her sister's behalf. However, just as the truth is about to be revealed, Grace—now with amnesia and a new face—unexpectedly returns, trusting the very people who betrayed her and harboring deep misunderstandings about Ashley.
The production team masterfully uses high-contrast lighting and tight, suspenseful editing to enhance the series' visual impact, staying true to the crisp and intense nature of revenge dramas. With numerous cliffhangers, plot twists, and crises, "Revenge Beyond the Grave" keeps viewers on the edge of their seats, eager for the next episode.
MPU operates the world's leading short drama streaming platform FlexTV, currently distributing short drama content to over 100 countries worldwide, covering multiple language versions such as English, Japanese, Korean, Portuguese, Spanish, French, and Arabic. It has won the favor of audiences around the world with its high-quality short dramas and excellent user experience. "Revenge Beyond the Grave" will premiere globally on September 18. The series breaks away from traditional stereotypes of female characters, showcasing their intelligence and strength. For more exciting content, please visit https://www.flextv.cc/.
#revenge #shortdrama #FlexTV #MPU
About Mega Matrix: Mega Matrix Corp. (NYSEAMEX: MPU) is a holding company and operates FlexTV, a short-video streaming platform and producer of short dramas, through Yuder Pte, Ltd., an indirect majority-controlled subsidiary of Mega Matrix. Mega Matrix is a Delaware corporation headquartered in Palo Alto, CA. For more information, please contact info@megamatrix.io or visit: http://www.megamatrix.io.
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This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. All statements in this press release other than statements that are purely historical are forward looking statements. When used in this press release, the words "estimates," "projected," "expects," "anticipates," "forecasts," "plans," "intends," "believes," "seeks," "may," "will," "should," "future," "propose," and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees for future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company's control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, are: the ability to manage growth; ability to identify and integrate future acquisitions; ability to grow and expand our FlexTV business; ability to execute the strategic cooperation with TopReels, ability to obtain additional financing in the future to fund capital expenditures; fluctuations in general economic and business conditions; costs or other factors adversely affecting the Company's profitability; litigation involving patents, intellectual property, and other matters; potential changes in the legislative and regulatory environment; a pandemic or epidemic; ; the possibility that the Company may not succeed in developing its new lines of businesses due to, among other things, changes in the business environment, competition, changes in regulation, or other economic and policy factors; and the possibility that the Company's new lines of business may be adversely affected by other economic, business, and/or competitive factors. The forward-looking statements in this press release and the Company's future results of operations are subject to additional risks and uncertainties set forth under the heading "Risk Factors" in documents filed by the Company with the Securities and Exchange Commission, including the Company's latest annual report on Form 10-K, and are based on information available to the Company on the date hereof. In addition, such risks and uncertainties include the Company's inability to predict or control bankruptcy proceedings and the uncertainties surrounding the ability to generate cash proceeds through the sale or other monetization of the Company's assets. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this press release.
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We announce material information about the Company and its services and for complying with our disclosure obligation under Regulation FD via the following social media channels:
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Mega Matrix Announces That the Short Drama "Revenge Beyond the Grave", Will Be Released on September 18 at FlexTV
Mega Matrix Announces That the Short Drama "Revenge Beyond the Grave", Will Be Released on September 18 at FlexTV
