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Local pharma industry benefits from EU connection

Local pharma sector to benefit from EU connection

Despite lower-than-expected growth, Vietnam’s pharmaceutical market performed better than other global markets in the past 12 months. Magdalena Krakowiak, chairwoman of the International Quality Medicines’ Generic and Biosimilar Sector Committee (IQMED) at the European Chamber of Commerce in Vietnam, writes about 2020 results and future prospects thanks to the EU-Vietnam Free Trade Agreement.

In 2020, Vietnam’s pharmaceutical market grew around 4 percent compared to the previous year. The growth was, however, lower than predicted. But bearing in mind the pandemic, it was still a great result compared to other world markets. While the EU, the United States, and other countries have struggled to find a coherent response to the COVID-19 outbreak, Vietnam’s government took strict measures to stop it effectively.

The industry faced two different types of challenges – reduced procedures due to patients refraining from visiting hospitals as well as logistical challenges due to the reduced flow of goods and workforce. These circumstances supported a digital revolution in the pharmaceutical industry, shifting educational programs for healthcare professionals from offline to online. Foreign experts continued to provide education for Vietnamese healthcare professionals. Most importantly, pharmaceutical businesses could maintain production stability. Companies put in place comprehensive business continuity and risk management plans to avoid a shortage of drugs and deal with the negative global impact on the supply chain.

Despite the unpredictability of the pandemic, the pharmaceutical market in Vietnam is expected to continue growing significantly in terms of both capacity and value. In addition, the EU-Vietnam Free Trade Agreement (EVFTA) has unlocked more opportunities, both for overseas as well as domestic companies.

With the EVFTA in effect, approximately half of EU pharmaceutical imports are now duty-free, with the rest exempted after seven years. Foreign pharmaceutical companies are allowed to establish foreign-invested enterprises to sell pharmaceuticals imported by them to distributors or wholesalers, build their own warehouses, provide information to healthcare practitioners, and do clinical studies and testing.

There are also changes in terms of intellectual property rights brought by the EVFTA. The regulatory data protection has been established for pharmaceutical products for five years and patent protection is extended up to two years (if the approval process takes more than 24 months). The existing clinical trial requirements on ethnicity have been withdrawn due to their lack of compliance with international standards.

Probably the most important benefit of the EVFTA is the controlling mechanism against the protectionism of local governments. As much as we understand the government’s rationale behind the aim of increasing the share of locally-produced pharmaceuticals to 80 percent, one has to remember that Vietnam’s pharma industry still relies on imports, as domestic output can only meet around half of the total demand.

Therefore, our industry still needs more incentives for further investment in Vietnam as well as a stable legal framework.

Foreign pharmaceutical companies bring innovative and traditional medicines in improved application forms – such as pre-filled syringes and sublingual tablets – and other high-quality generics to Vietnam.

This results in the availability of improved additional treatment options for Vietnamese patients and doctors, which leads to additional benefits for healthcare budgets as well as direct and indirect pharmaceutical spending.

Magdalena Krakowiak, chairwoman of the International Quality Medicines’ Generic and Biosimilar Sector Committee (IQMED) at the European Chamber of Commerce in Vietnam

The IQMED Generic and Biosimilar Sector Committee were established in 2016. With the aim of pooling viewpoints and superior practices towards providing solutions for an affordable, high-quality and sustainable supply source for branded generic drugs in Vietnam, the committee has created a platform where issues and solutions can be discussed among like-minded business professionals in the industry. At IQMED, we welcome several legal changes made recently by the Ministry of Health. The situation leading to thousands of pending market authorizations has been temporarily solved after addressing the issue at the top authorities’ level. However, further analysis and potential streamlining of the drug registration policy in Vietnam are required, particularly in avoiding creating new barriers to import.

We see further potential to maximize benefits arising from the EVFTA for all participating countries in three main areas.

Firstly, all EU member states need to be treated equally in the regulations of Vietnam. Secondly, the registration process of medicinal products within the Vietnamese market should be strictly aligned with international standards. And thirdly, to increase patient safety as well as create a sustainable framework for operations, international codes of ethics and business integrity must be applied.

These changes will support Vietnam to become even more sustainable and a desired investment destination for foreign firms with benefits for a flourishing domestic market.

Source: VIR


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Promising figures offering confidence for pharma future

Vietnamese pharmaceutical giants rushed to new business lines in 2020 to create new motivation for growth amid the ongoing pandemic complications, with some changes bringing about better results.

Clearly, in a happy mood, Vu Thi Thuan, chairwoman of the country’s second-largest publicly-traded drugmaker Traphaco JSC, is looking towards a bright future in 2021 on the back of good performance last year.

Traphaco, which boasts three big shareholders in State Capital Investment Corporation (35.67 percent), Magbi Fund Ltd. (24.99 percent), and Super Delta Pte., Ltd. (15.12 percent), will organize a conference in the next few days to review 2020 operations and discuss the targets for this year.

“The pharmaceutical market has been affected by COVID-19. However, we made encouraging results thanks to having the right strategy,” Thuan told VIR.

promising-figures-offering-confidence-for-pharma-future-in-Vietnam

New tactics

Last year marked a hard 12 months for businesses, and Vietnamese-run pharma firms were not an exception, although the impacts on them have turned out to be less serious than in other sectors.

Faults in the global ingredient supply chain and lower purchasing power have prompted Vietnamese drugmakers to make changes to business plans to shelter from the storm and maintain growth.

Nguyen Vu Cuong, an analyst at brokerage and investment advisory firm FPT Securities, told VIR, “Some players in the pharma industry obtained improvements in operations in the last months of last year, while some others saw no growth, but no falls either. Improvements are mainly attributed to effective cuts in intermediary costs and the launch of new products and strategies.”

For instance, while focusing on the over-the-counter (OTC) market Traphaco also started to venture into the $3-billion beverage market last summer with a new product – herbal tea Traphaco Boganic, which was included in its revenue structure in the third quarter.

Le Trung Thanh, former general director of Pepsi Vietnam, said that in the local lucrative beverage market, players tend to create specific and unique products to gain an advantage. The market has many kinds of drinks, but not so many healthy ones.

“Healthy products are very popular in the US, the EU, Japan, and South Korea,” Thanh noted. “This is a courageous move from Traphaco because obviously drugs and beverages are not the same things.”

A new bold step into the beverage market illustrates the challenge Traphaco has to attain new successes amid growing competition. Despite being a leading brand in the local pharma industry, making up nearly 50 percent of the market share of liver-tonic products, for example, the group has not achieved better growth as it did in the past, despite having taken a number of major decisions.

Encouraging results came when Traphaco reported total revenues of over VND1.3 trillion ($56.52 million) and after-tax profit of VND141 billion ($6.13 million) in the first nine months of 2020, up 12 and 31 percent on the year, respectively – a strong performance in comparison with a fall of about 10 percent among other listed drugmakers.

Elsewhere, Hau Giang Pharmaceutical JSC (DHG), the biggest domestic publicly-traded drugmaker, has trended towards the ethical drugs channel (ETC), or the hospital channel, and increased capacity for exports. The company has restructured its product portfolio towards focusing on investment in high-quality drugs meeting JAPAN-GMP and PICS-GMP standards.

DHG decided to pour $40 million in a GMP factory in the Mekong Delta province of An Giang, with the target to put it into operation in 2023. Also last year, DHG got the JAPAN-GMP certificate for its two assemblies. Drugs meeting JAPAN-GMP, PIC/S-GMP, EU-GMP, CGMP-USA certificates are among the prioritized drug tenders for the hospital channel.

With the move, DHG showed off its ambition to conquer the strict Japanese market and some ASEAN member countries where subsidiaries of Taisho Pharmaceutical Holdings have a presence. Taisho, one of the five biggest pharmaceuticals in Japan, is a major foreign shareholder of DHG, with a take of 50.78 percent.

Imexpharm Pharmaceutical JSC, Vietnam’s fourth-biggest pharma firm, has a similar focus on the ETC segment. The drugmaker has made investments to gain an EU-GMP certificate for its factories to gain advantages in drug tenders. During the past year, it also restructured its product portfolio, concentrating on EU-GMP drugs.

Notably, Imexpharm gained market authorization from Spain for its Cephalexin 500mg capsules produced at its EU-GMP factory located in the southern province of Binh Duong.

To serve the future strategy, a resolution from Imexpharm’s board of directors was issued on January 5 approving a loan of $8 million from the Asian Development Bank. At present, Imexpharm’s foreign ownership limit currently remains set at 49 percent, with Balestrand Ltd. (5.92 percent), and KWE Beteiligungen AG (14.26 percent) as foreign shareholders.

Like Traphaco, Imexpharm, and DHG, OPC Pharmaceutical JSC – one of the biggest domestic pharma firms – and others had to make adjustments in their business strategy during the last year. OPC also suffered from interruptions in the global ingredient supply chain, although it has growing areas to supply for itself.

At present, Vietnam’s pharmaceutical production relies much on imported ingredients which make up 80-90 percent of local demands, with which China and India account for over 80 percent.

OPC focuses on expanding functional food by investing in product assembly while increasing the production of alcohol-related products and others to satisfy growing demands due to the pandemic. Moreover, the company continued to strengthen the ETC channel as well as develop in the OTC market.

As noted in documents from OPC’s annual general shareholder meeting last June, some new businesses were added, including functional food, cosmetics, import and export of pharmaceuticals and ingredients, and automobile cargo transportation business.

Good performance

With year-end reviews and financial statements imminent, results for these pharma firms are just around the corner. According to a source from TRA, the group is estimated to see an on-year increase of 11 percent in revenues by the end-2020. Its profit is also estimated to rise at the same rate, reaching VND200 billion ($8.7 million).

While reporting a fall in the ETC market, Traphaco gained a 17 percent on-year improvement in OTC.

“We aim to have consolidated revenue ascended by 9 percent in 2021, with the OTC to be the key channel, and ETC to rise 10 percent,” Thuan told VIR.

With the change in business strategy, DHG’s net revenues just slightly fell by 2.8 percent on-year in the first three quarters of 2020, while after-tax profit rose 24 percent, fulfilling the annual targets. It is said to meet the 2020 targets.

Having been reporting better performance after the mid-year peak of COVID-19 in Vietnam, Imexpharm saw net revenues and profit rise 0.8 and 17.8 percent in the first 11 months, respectively. Its ETC revenues jumped 40 percent on-year, while OTC is on the road to recovery despite negative growth of 10 percent.

Market watchers attributed Imexpharm’s higher profit growth to better performance of cost-saving, with selling and management expenses cutting by 8.6 and 5.4 percent, respectively. With this momentum, Imexpharm is one of the giant’s forecasts to report growth in its results.

According to Fitch Solutions, revenues of Vietnam’s pharma industry were estimated at $6.5 billion in 2019. The Drug Administration of Vietnam forecast promising double-digit growth for the industry over the next five years, with the total value to reach $7.7 billion in 2021 and a likely rise to $16.1 billion in 2026.

In the wake of growth potential, multinational corporations are expanding towards and within the local market – a trend that should be further intensified on the back of the EU-Vietnam Free Trade Agreement. This will create more pressure on the domestic players, urging them to make new changes to stand firm and spur growth.

Source: Bich Thuy


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Vietnam’s Industrial Zones – 3 Locations for Your Business

Industrial Zones (IZs) in Vietnam are popular destinations for foreign investors. But what are they? IZs are locations earmarked by Vietnam’s government for the industrial production of goods and services.

Investors often locate in an IZ because IZs often have regionally competitive facilities, infrastructure, and logistics. Foreign-invested companies are also able to tap into resources provided by the IZ as well as cost savings and financial incentives.
Nevertheless, IZs differ significantly according to location, structure, incentives, and so on. Investors choosing to set up in an IZ should evaluate IZs closely in order to find a location that best suits their needs. Investors should consider several factors when making a choice about where or if an establishment in an IZ makes sense for a given investment.

Learning more about IZs is increasingly important.

With investors moving factories to Vietnam, the domestic property market has experienced a boom – with prices steadily rising. Ready-to-build factories were in the highest demand, which recorded more than an 85 percent occupancy rate. Binh Duong and Dong Nai in the southeast are the markets with the highest demand, given their access to transport infrastructure.

Here, we highlight and compare three industrial zones in the north, central and southern parts of the country which foreign investors can begin examining. This introduction can provide you and your team a good basis to begin assessing your next investment destination.

Thanh Long airport - Dong Nai - Vietnam - Popular Destination for Foreign Investors

Northern spotlight – Dinh Vu Industrial Zone

Hosting over 420 investment projects – representing a cumulative value in excess of US$10 billion – Dinh Vu Industrial Zone (DVIZ) is a well-established option for expansion to northern Vietnam.
In addition to successfully hosting industry champions such as Chevron and Tamada, the completion of Lach Huyen Deep seaport – capable of docking ships up to 100,000 TUE – places DVIZ in direct proximity of northern Vietnam’s largest point of sea-based egress.

Dinh Vu specializes in petrochemicals and heavy industry. Investors in the park include Petrolimex, Petro Vietnam, Nakashima, and Bridgestone, among others.

Resources for investors

Investors in DVIZ benefit from access to utilities and regulatory assistance that ensure operations function at full capacity. For firms seeking quick alternative sources of production, the ability to procure ready-made factories, and tap into Hai Phong’s highly skilled labor pools, ensure operations can be started and staffed in a timely manner. Exporters benefit from close proximity to Cat Bi International Airport, the newly constructed Highway 5, and proximity to the Chinese border.

Cost savings instruments

For companies interested in leveraging Vietnam’s cost competitiveness to its full potential, unconditional tax holidays present direct cost savings opportunities that can be factored into costs immediately. Within Dihn Vu, all investors are entitled to a four-year tax holiday on Corporate Income Tax, followed by nine years at 50 percent of the going CIT. Furthermore, enterprises exporting 100 percent of their goods to international markets qualify for a 100 percent exemption for import and export duties as well as a free VAT on certain purchases.

 

Central SEZ spotlight – Hoa Khan Industrial Zone (HKIZ)

The Hoa Khan Industrial Zone (HKIZ) in central Vietnam offers investors access to a variety of Vietnam’s largest cities, as well as international export destinations via the North-South Railway at Da Nang Station, access to Han River Port, and proximity to highways 1A and 1B.
HKIZ specializes in mechanical assembly and electronics manufacturing, and hosts companies like Seto Vietnam and Truong Giang Electric. HKIZ also houses a number of companies in the petrochemicals, garments, and agriculture industries.

Resources for investors

Within the industrial zone, investors benefit from infrastructure and facilities structured to meet the needs of Vietnam’s growing industries, such as garments and electronics. This includes access to water, electricity, as well as banking services. HKIZ also benefits from a steady pool of talent from Da Nang, the Central region’s business hub.

Cost-saving Instruments

In addition to up to five years of corporate income tax holidays, foreign investors are able to exempt all fixed assets and other materials essential to the upkeep of machinery needed for the production of goods within the zone. These advantages have not gone unnoticed to investors. With substantial growth in recent years, HKIZ is home to over 48 investment projects from the likes of Mabuchi Motor, Truong Giang Electric, and Seto.

Southern SEZ spotlight – VSIP

Located in Binh Duong province’s Thuan An district, the Vietnam-Singapore Industrial Park (VSIP) is a good opportunity for those looking to establish themselves in the heart of Vietnam’s economic core.

Specializing in mechanical, electric, and medical equipment, the park has been a massive success in recent years – attracting 238 individual projects with a total value of US$2.6 billion.

Resources for investors

The park successfully integrates industrial, commercial, and residential facilities in a manner that meets the needs of a variety of investors. Within the park, investors benefit from access to an onsite customs office, ready-built factories, as well as an educated workforce sourced from the Vietnam-Singapore Vocational College. These services are complemented by close proximity to the north-south railway, Ho Chi Minh City’s Tan Son Nhat international airport, and multiple points of sea-based transport, including Saigon Port.

Cost savings instruments

To further incentivize investment, a series of tax incentives are also offered to investors within VSIP. For the first two years, investors have waived the requirement to pay any CIT. Following this two-year period, CIT is required, but at a discounted rate.

Comparison of Industrial Zones in Vietnam
KER Industrial specialization Related logistics connections Tax incentives
Dinh Vu Industrial Zone Northern
  • Heavy Industry
  • Petrochemicals
  • Road: Highway 5
  • Airport: Cat Bi international
  • Port: Hai Phong port
  • 4-year CIT holiday
  • 9-year CIT reduction
  • Import duty exemption for select goods
Hao Khanh Industrial Zone Central
  • Electronics
  • Garments
  • Agriculture processing
  • Airport: Da Nang international
  • Port: Tien Sa and Han river
  • Rail: North-South railway
  • 2-year CIT holiday
  • 3-year CIT reduction
  • Import duty exemption for select goods
Vietnam Singapore Industrial Zone Southern
  • Electronics
  • Food processing
  • Construction materials
  • Mechanics
  • Airport: Access to Tan Son Nhat international
  • Port: Sai Gon port
  • Rail: North-South railway
  • 2-year CIT holiday
  • 4-year CIT reduction

[email protected] Briefing Ltd.


Data V Tech is proud to be one of the leading ERP vendors in the Asia Pacific. We focus on solutions customizable for each industry. Furthermore, we have implemented Epicor ERP for a number of manufacturers, such as in heavy industry, petrochemicals, electronics, construction materials, and mechanics) in Vietnam and China. For direct consultation, please feel free to contact us.

Set up a manufacturing company in Vietnam

How to open a manufacturing company in Vietnam

During Covid-19, Vietnam has become a favorable destination for foreign investment, especially to set up a manufacturing company. From our own experience, we would like to share with you some basic steps you need to consider when making this decision.

Minimum financial requirements

The government does not stipulate the limit of capital requirement for setting up a company in Vietnam. However, they do concern if your capital amount is realistic to cover all the cost estimates.

Popular types of legal entities available for foreigners in Vietnam

The most popular legal entities for foreigners in Vietnam are limited liability and joint-stock companies. While the former is usually recommended for small and medium-sized enterprises, the latter is more suitable for medium-sized and large companies. Furthermore, the first has members, while the second has shareholders. In both cases, foreigners are allowed to own the company 100%.

Required licenses

You have to register your investment and your business at the Department of Planning and Investment. Apart from these two certificates, you might need to apply for some other licenses or submit some reports related to your product lines or anticipated environmental impacts, namely:

Land use certificate

  • Construction permit (if your plan involves the construction of new factories or buildings.)
  • Fire protection and fire safety license
  • Certificate of food safety
  • Certificate of food safety knowledge
  • Announcement of conformity of technical regulations

This whole administrative process takes at least 4 months, particularly:

How to open a manufacturing company in Vietnam

Location

Ideally, you might want to set up your manufacturing business in the industrial zones, which are available both in the North and the South of Vietnam. The main reason is that these areas are well-equipped for manufacturing purposes, particularly in terms of water and waste management systems. It is also recommendable to check where other companies in your supply chain are located before you make decisions.

Other concerns

Vietnam is the hub of both low labor costs and high-quality IT human resources. In particular, you can hire a professional headhunting company to help you recruit your staff. In terms of IT human resources, you can also outsource a consulting company. Almost all manufacturing solutions are available in Vietnam now, including the leading SAP and Epicor. While the former solution came to the country earlier, the latter has conspicuous cost advantages.

To sum up, there is no one size fits all, but these are some unavoidable steps, which you can carry out flexibly according to your own business plan in manufacturing. For further information, please feel free to contact us. We will respond to you within 24 hours.


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17 In-Demand Technology Skills to Learn in 2020

17 In-Demand Technology Skills to Learn in 2020

Looking to change fields and get into tech, but don’t know what skills you need to launch your career? Maximize your marketability by pursuing tech skills in demand for the future!

Between 2016 and mid-2019, U.S. employers were only able to fill six of every 10 open tech positions, signaling a huge technology talent deficit in the U.S. Furthermore, over 50% of company learning & development leaders in a Udemy survey said technical skills were their top priority for training in 2020.

Of course, tech is a broad field, and there are a lot of interesting directions you can go in. In this article, we’ll look at the various areas of tech, how much demand exists for each skill, and where to go to start your learning journey.

Without further ado, here are 17 tech skills in demand in 2020—plus where to get the online technical training you need to become a pro.

AI is rapidly changing the landscape of work, making it an exciting time for programmers to look for something new. Hiring growth for AI specialists has grown 74% annually in the past 4 years. Because of its increasingly widespread adoption, AI specialists earned LinkedIn’s #1 emerging jobs spot.

There is a crossover with machine learning here (which you’ll learn about next!), but the key difference is that AI is a broader concept pertaining to machines designed to act intelligently like humans, whereas machine learning relies on devices making sense of a specific set of data.

In 2018, 31% of businesses said implementing AI was on their agenda for the next 12 months. Their top use cases are incorporating AI in data analysis and user experience.

Quick facts about AI as a tech career:

  • Average salary: $122,000 average across various AI careers
  • The amount of jobs requiring AI skills has multiplied by 4.5 since 2013
  • Artificial intelligence specialties can benefit a variety of tech careers, from software engineers to data scientists to product managers.

Where to learn it: Artificial Intelligence MicroMasters Program on edX

Must-have IT skills in 2020

WHAT THE COURSE COVERS: 

This MicroMasters program encompasses 4 courses that explore distinct aspects and applications of AI. Understand the guiding concepts behind machine learning and AI, design your own artificial intelligence programs to solve real-world problems, learn about its application in physical robotics, and explore the world of animation and CGI.

COURSE FACTS:

  • Course Name: Artificial Intelligence MicroMasters Program
  • Platform: edX
  • Instructed by: Ansaf Salleb-Aouissi, John W. Paisley, Matei Ciocarlie, Eitan Grinspun
  • Price: $896.40 USD for the entire program
  • Skill level: Advanced (Bachelor’s degree in Computer Science or Mathematics and have a basic understanding of statistics, college-level algebra, calculus, and comfort with programming languages.)
  • Enroll in the course here

WHY THIS COURSE?  

It’s a rigorous, graduate-level program of courses from an Ivy League university, representing 25% of Columbia’s coursework for a Master’s Degree in computer science.

Machine learning is one of the most innovative and exciting fields moving into the future, making it one of the most profitable skills you can learn. From Siri and Alexa to chatbots to predictive analysis to self-driving cars, there are a ton of uses for this futuristic tech.

Those who begin taking online courses in machine learning now will still be getting in relatively early, as demand is only increasing from here. According to McKinsey, 49% of companies are currently exploring or planning to use machine learning.

Machine learning can be applied to every industry, including healthcare, education, finance, etc. Translation? The possibilities are endless, and you can apply your machine learning skills to a role that suits your personality and interests.

Learn more about the difference between AI and machine learning and what to do if you want a career in machine learning in this interview with CTO Allan Leinwand.

Quick facts about machine learning as a tech career:

Where to learn it: Machine Learning on Coursera

In-Demand Technology Skills to Learn in 2020

WHAT THE COURSE COVERS: 

Broad intro to entire machine learning workflow, including neural networks, statistical pattern recognition, deep learning, unsupervised learning, anomaly detection, recommender systems, and more.

COURSE FACTS:

  • Course Name: Machine Learning
  • Platform: Coursera
  • Instructed by: Andrew Ng (co-founder of Coursera)
  • Price: Free! (for the audit option, no graded items) or $79 (with certificate & graded assignments)
  • Skill level: Beginner/Intermediate (requires a basic understanding of linear algebra)
  • Enroll in the course here

WHY THIS COURSE? 

It has a 4.9-star rating (out of over 125,000 ratings), was created by Stanford University, touches on the theories behind machine learning as well as its practical applications, and is taught by the cofounder of Coursera!

Two consistently in-demand tech jobs within Big Data include data science and data analytics. Revenue from Big Data applications and analytics is projected to grow from $5.3B in 2018 to $19.4B in 2026.

84% of enterprises have launched advanced analytics and Big Data initiatives to accelerate their decision-making and bring greater accuracy. This is part of why data science has earned a top spot on LinkedIn’s emerging jobs report all three years the report has been conducted.

Data analysis is the more entry-level skill, whereas data science gets more advanced, but the careers are still cousins. Industries needing data professionals span education, finance, health, software, and more.

Quick facts about data science and analytics careers:

Where to learn it: Big Data Specialization on Coursera

Must-have IT skills in 2020

WHAT THE COURSE COVERS: 

Drive better business decisions with an overview of how big data is organized, analyzed, and interpreted. Apply your insights to real-world problems and questions.

COURSE FACTS:

  • Course Name: Big Data Specialization
  • Platform: Coursera
  • Instructed by: Ilkay Altintas, Amarnath Gupta and Mai Nguyen
  • Price: $49 per month with Coursera subscription
  • Skill level: Beginner
  • Enroll in the course here

WHY THIS COURSE? 

Taught by San Diego Supercomputer Center experts, involves hands-on activities, and you’ll get a comprehensive knowledge of the entire Big Data industry so you can go on to choose a specialization in data analytics, science, engineering, etc.

Data engineering is separate from data science, but the former is what enables the latter to exist. Data engineers build the infrastructure and tools that data scientists rely on to conduct their own work.

Since 2015, the hiring growth rate of this technology job has increased by nearly 35% across a wide variety of industries.

There’s no better time for U.S. citizens to enter the field, due to changes in immigration laws. “Following recent government policy changes in the H1-B Visa application process, demand for US citizen data engineers has increased drastically and shows no signs of easing,” writes Sam Brown.

Quick facts about data engineering as a tech career:

Where to learn it: An Introduction to Google Cloud Platform for Data Engineers on Udemy

Must-have IT skills in 2020

WHAT THE COURSE COVERS: 

All the core services you’ll need to know for the Google Cloud Data Engineer test, the basics of how to use Google Cloud Platform

COURSE FACTS:

  • Course Name: An Introduction to Google Cloud Platform for Data Engineers
  • Platform: Udemy
  • Instructed by: Mike West
  • Price: $99.99 (but Udemy often has sales, especially around holidays)
  • Skill level: Intermediate (you’ll need a basic understanding of cloud technologies and SQL)
  • Enroll in the course here

WHY THIS COURSE? 

It’s the first course in a series geared at helping you get the Google Cloud Professional Data Engineer Certificate.

Data visualization is a way to help people understand the significance of data by placing it in a visual context. For instance, by turning spreadsheets or reports into charts and graphs that can be easily understood.

Think of this career as a bridge between technical and non-technical roles. You’re taking the data collected by analysts and transforming it into a form anyone can understand.

Quick facts about data visualization as a tech career:

  • Average salary: $98,264 per year for data visualization engineers
  • It’s in demand because employers can make sense of large amounts of data to drive real business results. For example, it can help them predict sales volume, understand what factors influence human behavior, identify areas in the business that can be improved, identify trends, relationships, patterns, etc.
  • It’s a blend of science and art: raw information meeting visually appealing mediums.
  • Data visualization is the key to “bringing the power of Big Data to the mainstream.

Where to learn it: Data Visualization for All on edX

In-Demand Technology Skills to Learn in 2020

WHAT THE COURSE COVERS: 

Learn how to design interactive charts and customized maps for your website using Google Sheets, Tableau, Highcharts, Carto, Leaflet, GitHub

COURSE FACTS:

  • Course Name: Data Visualization for All
  • Platform: edX
  • Instructed by: Jack Dougherty, Stacy Lam, David Tatem
  • Price: Free (add a verified certificate for $49)
  • Skill level: Beginner
  • Enroll in the course here

WHY THIS COURSE? 

The course is taught by Trinity College faculty, and real-world examples are drawn from their students working with community organizations in Hartford, Connecticut.

For any company that collects customer information or deals with sensitive data of their own, keeping networks secure is paramount.

When data breaches do happen, they can be big, newsworthy, and costly for the company to recover from. The number of data breaches increased by 50% in 2019, and companies famously hacked in the past include Sony, LinkedIn, Chipotle, and others.

These situations underscore just how critical it is for companies to keep their network security up to par, and make cybersecurity one of the most-needed jobs and one of the technical skills in demand in 2020. Within just one year, company demand for security engineers has increased by 132%.

Unfortunately for those companies, right now there is a shortage of people trained in network security. Fortunately for you, that means there’s a gap in the market you can fill.

If you’re curious about filling that gap, read my ultimate guide to starting a career in cybersecurity.

Quick facts about cybersecurity as a tech career:

Where to learn it: Essentials of Cybersecurity on edX

In-Demand Technology Skills to Learn in 2020

WHAT THE PROGRAM COVERS: 

The fundamentals of networks, systems administration, how to mitigate vulnerabilities, how to perform digital forensic analysis, risk assessment, etc.

COURSE FACTS:

  • Program Name: Essentials of Cybersecurity
  • Platform: edX
  • Instructed by: University of Washington
  • Price: $396
  • Skill level: Intermediate (must have a STEM Bachelor’s degree or 5 years of work experience in a technical environment)
  • Enroll in the course here

WHY THIS COURSE?

It’s a professional certificate program made up of four courses. You’ll better understand the field of cybersecurity, what roles are available, and what cybersecurity career path is right for you.

Cloud computing jobs are on the rise because more and more companies are switching from the classical server infrastructure to cloud solutions. According to Gartner, the market for public cloud services is projected to grow by 17% in 2020 to a total of $266.4 billion.

Amazon Web Services is one of these cloud platforms, featuring content delivery, database storage, networking, and moreover 50 services in total. Since it is currently the biggest platform, we’ll highlight some specific facts about AWS in this section (and give an extra course recommendation for it!).

AWS specialists are usually engineers, cloud architects, or system administrators. IT professionals who are AWS-certified earn more than their non-certified counterparts. It’s one of the most profitable skills an IT employee can learn to level up their tech career, as AWS specialists earn an average of $113,000 (the highest of all certifications in the United States and Canada)

Quick facts about cloud computing as a tech career:

Where to learn general cloud computing: Cloud Computing Specialization on Coursera

In-Demand Technology Skills to Learn in 2020

WHAT THE COURSE COVERS: 

Clouds, Distributed Systems, Networking. Learn about and build distributed and networked systems for clouds and big data.

COURSE FACTS:

  • Course Name: Cloud Computing Specialization
  • Platform: Coursera
  • Instructed by: Reza Farivar, Ankit Singla, Indranil Gupta, P. Brighten Godfrey, and Roy H. Campbell
  • Price: $49 per month with Coursera subscription
  • Skill level: Intermediate
  • Enroll in the course here

WHY THIS COURSE? 

Hands-on activities, taught by computer science professors

Where to learn Amazon Web Services: Amazon Web Services (AWS) Fundamentals for System Administrators on Pluralsight

Amazon Web Services (AWS) Fundamentals for System Administrators

WHAT THE COURSE COVERS: 

Core AWS skills and concepts needed to begin working with AWS and to achieve AWS certification.

COURSE FACTS:

  • Course Name: Amazon Web Services (AWS) Fundamentals for System Administrators
  • Platform: Pluralsight
  • Instructed by: Elias Khnaser
  • Price: Free
  • Skill level: Intermediate (requires working knowledge of virtualization, networking essentials, and general systems administration)
  • Enroll in the course here

WHY THIS COURSE? 

You’ll have a solid understanding of how various AWS services are architected and how you can use them.

Virtual reality and augmented reality—the collective term is extended reality, or XR—are trending to be useful for more than just entertainment in the future. Marketing, advertising, health care, and manufacturing are some industries that have already begun adopting XR technology.

According to Hired’s 2019 State of Software Engineers report, demand for AR and VR engineers surged by an incredible 1,400%. But a little under just one year prior (from Feb ‘18-Feb ‘19), job searches had actually decreased by 13.48% for these roles. This implies that while jobs in this area are skyrocketing, the number of job-hunting candidates hasn’t had time to keep up, presenting a good opportunity for those who want to train for this top tech skill now.

In the near future, AR is looking to outpace VR for growth and profitability. Reports predict that the global VR gaming market size will be worth $22.9 billion by the end of 2020, while AR will be worth a stunning $133 billion by 2022.

Quick facts about Extended Reality (XR) as a tech career:

Where to learn it: Extended Reality (XR) – Building AR | VR | MR Projects on Udemy

In-Demand Technology Skills to Learn in 2020

WHAT THE COURSE COVERS: 

Learn how to make VR and AR apps with 3D game development. You’ll gain a better understanding of the complex landscape of extended reality, build your own 3D world, and deploy your own applications.

COURSE FACTS:

  • Course Name: Extended Reality (XR) – Building AR | VR | MR Projects on Udemy
  • Platform: Udemy
  • Instructed by: Packt Publishing
  • Price: $124.99 (although Udemy often has sales on)
  • Skill level: Beginner/Intermediate (Some prior familiarity with AR/VR frameworks will be useful but not mandatory.)
  • Enroll in the course here

WHY THIS COURSE? 

It’s a relatively short course (5 hours of content) that will level up your game development skills.

In the broadest sense, the term IoT encompasses everything connected to the internet, but it is increasingly being used to define objects that “talk” to each other.

“Simply, the Internet of Things is made up of devices—from simple sensors to smartphones and wearables—connected together,” says Matthew Evans, the IoT program head at techUK.

Everything that’s connected to the internet can be hacked, which is why security is one top concern with these devices. California and the UK have both recently introduced legislation to make IoT devices safer and more secure. Cybersecurity professionals who specialize in IoT will likely be highly sought after for this reason.

Quick facts about IoT as a tech career:

Where to learn it: Internet of Things (IoT) on edX

In-Demand Technology Skills to Learn in 2020

WHAT THE COURSE COVERS: 

Design IoT solutions and networks, identify components required, understand how data management fits in, analyze security risks, and ultimately produce a fleshed-out idea that’s ready to prototype

COURSE FACTS:

WHY THIS COURSE? 

The MicroMasters program—taught by a range of professors, specialists, and lecturers from Curtin University—includes 6 self-paced IoT courses, live discussions, remote access to real laboratory equipment for practical sessions. The program is credit-eligible for Curtin University Master’s degrees.

While they’re in the same family, UI and UX are different. UI (user interface) specialists design interfaces for websites and apps to be visually appealing, flow well and be easy for users to navigate. UX (user experience) specialists do a lot of research and testing to consider every element of how the user will interact with the company and website, coordinating with developers and UI designers.

This type of career is perfect for those who want a creative-meets-analytical type of role (graphic design meets A/B testing and so on).

Ultimately, UI is better for those who want to focus on the visuals, layout, and general look and feel of a page or product. UX is better for those who want to use analysis and testing to help a business seamlessly meet their users’ needs.

Quick facts about UI/UX as a tech career:

Where to learn it: User Experience Design Fundamentals on Udemy

In-Demand Technology Skills to Learn in 2020

WHAT THE COURSE COVERS: 

The critical elements of user experience–strategy, scope, structure, skeleton, and surface. Learn the basics (e.g. what UX design is and why it’s important), strategy/theory (e.g. use of color and typography), and implementation (e.g. how to create wireframes).

COURSE FACTS: 

  • Course Name: User Experience Design Fundamentals
  • Instructed by: Joe Natoli
  • Price: $94.99 (but Udemy often has sales, especially around holidays)
  • Skill level: Beginner
  • Enroll in the course here

WHY THIS COURSE? 

It has a 4.3-star rating from over 7,000 ratings, with 67,405 students enrolled. The instructor has been helping Fortune 100, Fortune 500, and various government organizations with UX design for nearly three decades.

There are 3.5 billion smartphone users in the world today, and that number is continuing to grow every year. This means that companies who want to stay relevant don’t just need websites; they need apps. Having mobile development skills also comes with the perk that if you can build apps for others, you can build and sell your own as well–so it’s an ideal career path for aspiring entrepreneurs.

One interesting direction that mobile apps are headed in is augmented reality. Apps like Pokémon Go and Harry Potter: Wizards Unite game engage with the real world, blending technology and reality.

If you want to start learning mobile development without committing to the Team Treehouse tech degree spotlighted below, check out these 21 mobile app development courses.

Quick facts about mobile development as a tech career:

  • Average salary: $96K+ (with starting salaries as high as $75K)

  • At the time of writing, there are over 49,000 mobile developer jobs posted on Glassdoor.

  • The global app economy is predicted to be worth $6.3 trillion by 2021, up from $1.3 trillion in 2016.

  • The future of mobile development goes beyond phones: wearable technologies, the Internet of Things, beacon technology, an increase in the use of VR/AR, and more.

Where to learn it: Team Treehouse’s Beginning iOS track

Must-have IT skills in 2020

WHAT THE COURSE COVERS: 

Swift is the language of iOS, created by Apple. You can use the language to build applications for the iPhone, iPad, Apple Watch, and more. Build your own apps or land a full-time job at a company that uses Swift.

COURSE FACTS:

  • Course Name: Beginning iOS
  • Platform: Treehouse
  • Instructed by: Pasan Premaratne
  • Price: $25/month
  • Skill level: Beginner
  • Enroll in the course here

WHY THIS COURSE? 

Learn how to program from absolute scratch using Swift and learn many fundamental concepts that will get you started writing code immediately. (No prior programming experience is needed.)

Originally devised for the digital currency Bitcoin, blockchain has evolved. The tech community is now finding other potential uses for the technology, such as peer-to-peer payments, crowdfunding, file storage, identity management, digital voting, etc. Learn more about blockchain/cryptocurrency jobs in this article.

“With platforms like Ethereum taking the lead, more and more companies need developers who understand the blockchain, smart contracts, and can build decentralized applications,” writes Anna Belaya.

Some of the blockchain skills you should know to include networking, cryptography computing, database design, and programming languages ranging from Java, JavaScript, and C++ to Go, Solidity, and Python.

QUICK FACTS ABOUT BLOCKCHAIN AS A TECH CAREER:

Where to learn it: Blockchain Specialization on Coursera

Blockchain Specialization on Coursera

WHAT THE COURSE COVERS: 

Broad intro into what blockchain is, including how to design and program smart contracts and decentralized applications

COURSE FACTS:

  • Course Name: Blockchain Specialization
  • Platform: Coursera
  • Instructed by: Bina Ramamurthy
  • Price: $49 per month with Coursera subscription
  • Skill level: Beginner/Intermediate (requires knowledge of at least one modern, high-level programming language)
  • Enroll in the course here

WHY THIS COURSE? 

Includes hands-on activities and is taught by a computer science professor at University at Buffalo.

If you’re okay with a little uncertainty in your career (and you enjoy science fiction), quantum computing is a field to consider. “The industry has a ways to go,” writes Sophia Chen. “They have a timeline, sort of, give or take a few decades. And at the moment, their roadmap has at least one glaring pothole: a lack of trained people.”

However, this provides an opportunity for you to help move the needle forward. Jeremy O’Brien, physicist and professorial research fellow at the University of Bristol, says that quantum computers could outperform everyday computers in less than 10 years.

Quick facts about quantum computing as a tech career:

  • Average salary: $82,965
  • Current quantum computing roles include software engineers, researchers, experimental scientists, and programmers.
  • You can contribute to Qiskit Terra and Qiskit Aqua code and algorithms to start getting involved with quantum computing and get noticed by hiring managers.

Where to learn it: The Introduction to Quantum Computing on Coursera

The Introduction to Quantum Computing on Coursera

WHAT THE COURSE COVERS: 

Mathematical models of quantum computing, quantum algorithms, and more.

COURSE FACTS:

  • Course Name: The Introduction to Quantum Computing
  • Platform: Coursera
  • Instructed by: Сысоев Сергей Сергеевич
  • Price: $49 per month with Coursera subscription
  • Skill level: Intermediate (requires knowledge of complex numbers and linear algebra)
  • Enroll in the course here

WHY THIS COURSE? 

“We will build a simple working quantum computer with our bare hands, and we will consider some algorithms designed for bigger quantum computers which are not yet developed.”

As a robotics engineer, you can specialize in software or hardware roles, working on virtual or physical bots. Physical robotics can encompass medical equipment, exploration bots, animatronics for films or amusement parks, automated manufacturing equipment, and more.

Virtual bots can exist in software and online to help automate tasks like customer service, virtual assistance, etc. You’ll notice an overlap with AI in this space.

Quick facts about robotics as a tech career:

Where to learn it: Robotics Specialization on Coursera

Robotics Specialization on Coursera

WHAT THE COURSE COVERS: 

Learn how robots operate, adjust their movements across a variety of terrains, serve useful real-world functions in scenarios like disaster recovery and healthcare, and so on. For a course project, you’ll learn how to program a robot to move and fly.

COURSE FACTS:

  • Course name: Robotics Specialization
  • Platform: Coursera
  • Instructed by: Jianbo Shi, Daniel Lee, Daniel E. Koditschek, Kostas Daniilidis, Vijay Kumar, CJ Taylor, Sid Deliwala
  • Price: $39/month with Coursera subscription
  • Skill level: Beginner
  • Enroll in the course here

WHY THIS COURSE? 

This specialization is comprised of 6 courses taught by a collection of professors from the School of Engineering at the University of Pennsylvania.

There’s no single job description of product management; roles will likely look different across different companies and product types (software, apps, physical products, etc).

One thing in common is that at its core, product management is about making a product the best it can be. That may entail considering market demand, conducting surveys and potential user tests, acting as a liaison between developers and designers assigned to the product, etc.

Especially if you’re working on a technical product, having the ability to understand and speak tech terminology will make you more successful.

Learn more about how to become a product manager here (a podcast episode with Sam Gimbel, who started out by studying neuroscience and became a product manager and later the co-founder of his own businesses).

Quick facts about product management as a tech career:

Where to learn it: Become a Product Manager | Learn the Skills & Get the Job on Udemy

Become a Product Manager | Learn the Skills & Get the Job on Udemy

WHAT THE COURSE COVERS:  

Learn all the skills involved in product management, from idea through execution. You’ll become familiar with the processes and tools involved in market research, prototyping, metric measuring, understanding core tech concepts, leading a team, and more.

COURSE FACTS:

  • Course name: Become a Product Manager | Learn the Skills & Get the Job
  • Platform: Udemy
  • Instructed by: Cole Mercer, Evan Kimbrell
  • Price: $194.99 (but Udemy often has sales, especially around holidays)
  • Skill level: Beginner, but familiarity with basic business concepts is helpful
  • Enroll in the course here

WHY THIS COURSE? 

In addition to teaching the skills, the course dedicates time to the job-search process as well, giving tips on the resume, portfolio, interview, and what to look for in product management jobs. Over a thousand students who have taken this course now work as product managers.

Salesforce is one of the world’s top 10 software companies by annual revenue, so there are a lot of opportunities for work in this space. CRMs, or customer relationship management solutions, provide companies with efficient ways to manage their sales, marketing, and customer support.

Developers are able to build on existing Salesforce infrastructure to create applications and projects specific to the needs of their company.

#7 on LinkedIn’s emerging jobs report was a Sales Development Representative, which mixes a traditional sales role with Salesforce technology expertise. As it’s not a purely technical role, it can be a good place to start within the broader universe of Salesforce.

On the podcast, listen to Zac Otero talk about transitioning into tech as a self-taught Salesforce admin.

Quick facts about Salesforce as a tech career:

Where to learn it: Salesforce Development Training for Beginners on Udemy

In-Demand Technology Skills to Learn in 2020

WHAT THE COURSE COVERS: 

Programming in Apex (the language of Salesforce), creating a Salesforce developer’s account, and all the features you can implement.

COURSE FACTS:

  • Course name: Salesforce Development Training for Beginners on Udemy
  • Platform: Udemy
  • Instructed by: Deepika Khanna
  • Price: $199.99  (but Udemy often has sales, especially around holidays)
  • Skill level: Beginner
  • Enroll in the course here

WHY THIS COURSE? 

Assumes no prior Salesforce experience and provides real-world examples to illustrate the concepts you’re learning.

Having a foundation of programming language skills can open doors for you in a lot of different ways.

On Glassdoor’s list of top jobs for 2020, careers requiring coding skills are well-represented. Front-end engineer is their #1 best job, Java developer is #2, the software engineer is #7, etc. Full-stack engineering has seen 35% of hiring growth every year since 2015.

When it comes to specific skills, there are some notable trends:

Of course, the language that’s best for you to learn depends on your specific goals.

Courses to Learn 17 Programming Languages

  1. HTML and CSS: HTML5 and CSS Fundamentals on edX (Free — add verified certificate for $99)
  2. JavaScript: JavaScript Path on Pluralsight ($29/month with a Pluralsight membership)
  3. Python: Introduction to Python Programming on Udacity (free)
  4. Java: Introduction to Programming in Java on edX ($297)
  5. C#: C# Path on Pluralsight ($29/month with a Pluralsight membership)
  6. PHP: PHP Essential Training on LinkedIn Learning ($24.99)
  7. Go: Programming with Google Go Specialization on Coursera ($49/month with a Coursera membership)
  8. Scala: Introduction to Scala on Team Treehouse ($24/month with a Team Treehouse subscription)
  9. Ruby: Learn to Code with Ruby on Udemy ($199.99 but Udemy often has sales)
  10. Typescript: Introduction to TypeScript 2 on edX (Free — add verified certificate for $99)
  11. Kotlin: Kotlin Essential Training on LinkedIn Learning ($24.99)
  12. SQL: The Complete SQL Bootcamp on Udemy ($194.99 but often on sale)
  13. Swift: Swift Fundamentals on Pluralsight ($29/month with a Pluralsight membership)
  14. R: R Programming: Advanced Analytics In R For Data Science ($199.99 but often on sale)
  15. C: Introduction to Programming in C Specialization on Coursera ($49/month with a Coursera membership)
  16. C++: C++ Essential Training on LinkedIn Learning ($44.99)
  17. Objective-C: Foundations of Objective-C App Development on Coursera ($39/month with a Coursera membership)

Data V Tech Solutions Company is proud to be a leading ERP consulting firm that facilitates the personal development of each team member and helps them gain necessary IT skills.

Pharma Pharmaceuticals deploys Epicor ERP

Pharma Pharmaceuticals deploys Epicor ERP

Epicor Software Corporation, a global provider of industry-specific enterprise software, has announced that Pharma Pharmaceutical Industries (Pharma)—a leader in the kingdom’s pharmaceutical services industry—has implemented Epicor ERP to enhance data capture and archiving capabilities, optimise operational efficiencies, and guarantee on-time delivery to customers.
Pharma brings together business leaders and healthcare veterans to offer services to the Saudi pharmaceutical industry that include branding, marketing and sales, warehousing and logistics, facilities management, and regulatory compliance consultancy.
The company’s international reach demanded a new approach to technology to ensure it remained a leader in the new global digital economy. It embarked upon a bold digital transformation journey, with a robust ERP platform as the planned keystone.
“We didn’t have an ERP platform in place and relied on a paper system to manage each department’s activity,” said Tariq Kayyali, quality unit director and ERP project manager, Pharma Pharmaceuticals Industries, whose team of stakeholders focused on linking and integrating department transactions to reduce the time taken to locate vital archived data.
Errors in starting materials and the resulting mix-ups and delays in order deliveries became significant business risks to the company, pre-digitization. The risk of using incorrect or expired material in the manufacturing process was compounded by the company’s inability to accurately control all its assets and due to its tendency to produce inaccurate reports due to manual compilation.
With the support of trusted Epicor partner, Full Insight Technology Solutions (FITS), Pharma deployed a platform that was easy to install, user-intuitive, and provided tight-fit functionality with its needs. Over a period of 10 months, the system was rolled out to 15 users, who all reported ease of use and unprecedented accuracy.
Switching to Epicor ERP has allowed Pharma to smoothly link and integrate transactions across all departments and enhance accuracy in operations and inventory control. Strict audit trails now allow every critical transaction to be traced—to the user, date, and time of action—allowing Pharma to closely monitor related business impacts. Labelling problems have also been overcome, by enabling greater control over purchased and manufactured parts.
“We ended up saving about 30 percent of unnecessary warehouse-team transactions and managed to reduce the time taken to find or track historical data records or transactions, from hours or days to seconds or minutes,” said Kayyali. “We also reduced the risk of mix-up and eliminated the possibility Pharma Pharmaceuticals deploys Epicor ERP to streamline processes and optimise service delivery of using an invalid or expired part as a starting material—which is critical in the pharma industry.”
Having a validated ERP system helps us meet the expectations and compliance requirements of medicinal product agencies, both in the Kingdom of Saudi Arabia and around the world.”
“Remaining relevant in the digital economy is no minor feat,” added Amel Gardner, regional vice president, Middle East, Africa and India (MEAI), Epicor.
“Competitors—especially new market entrants—will not be using manual processes for critical functions. It is therefore vital that all firms digitise as much as possible. Epicor ERP will give Pharma a strong platform for growth and enable it to easily comply with granular industry requirements. The platform is designed to fit every business like a glove, delivering automation and operational enhancements that pave the way to true digital transformation.” — Tradearabia News Service

 

Data V Tech is proud to be one of the leading ERP vendors in the Asia Pacific. We have implemented Epicor ERP for many enterprises and organizations in Vietnam and China, particularly in the pharmaceutical industry. For direct consultation, please feel free to contact us.

Learn about Epicor ERP in the wake of COVID-19 and get ready for the future.

Check out Why SMEs choose Epicor?

Epicor ERP in Covid-19

Epicor launches partner support program in wake of COVID-19

Epicor has launched its ‘Fit for the Future’ program, designed to aid the company’s partners to build business resilience in response to COVID-19 and succeed in the current landscape.

According to Epicor, it is crucial to support partners as these businesses are a ‘vital’ component of Epicor’s go-to-market model. As such, the company is focused on providing competency, capability, and capacity within the market so partners can better serve and deliver value to its customers, Epicor states.

Partners include resellers, system integrators, and service partners, which can implement, design, and develop transformational IT strategies using the Epicor product portfolio and tools.

The program supports ongoing remote working situations and focuses on three core pillars, collaboration, skills and communication.

Togetherness: One Team focuses on staying connected to partners providing help in navigating changes and supporting connectivity and agility, the company states.

Epicor is actively encouraging partners to share their experiences and learnings in order to drive business improvements needed to fuel continued growth and shore up business resilience.

Partners will be able to access recordings, PowerPoint presentations, demo scripts, and other supporting documents from a partner hub to boost sales and scalability, Epicor states.

Developing Skills and Value brings an enablement plan to help partners continue to develop a range of skills that can help them to remain competitive and agile in the coming months.

Training is being delivered through a range of virtual sessions focused on sales skills, where attendees gain understanding in customer pain points and how to articulate increased value to customers; operational efficiencies and how to improve the customer experience; capability in accessing valuable collateral and managing pipeline; and business planning and driving SMART objectives.

To support partner development, Epicor is also publishing a series of weekly webinars and has been offering free-of-charge certifications over the last month.

Communication focuses on Epicor’s commitment to sharing information that ensures partners have useful data to help customers through a variety of new market challenges.

By keeping the lines of communication open, Epicor states it hopes to continue to grow alongside its partners, whilst supporting the wellbeing of each business and its employees.

Epicor Software vice president channel sales Paul Flannery says, “By investing in our partner community and supporting them through challenging times such as these, we are making sure businesses are resilient, by equipping them with the resources, tools, and knowledge needed to emerge stronger than ever before.

“We are dedicated to help our partners by helping them to thrive and adapt to the current environment in a way that’s rapid, streamlined, and scalable.”

For partners who have participated in the ‘Fit for the Future’ program, Epicor will be recognising these efforts through a scheme called the ‘Partner Olympics’.

Points will be awarded for attending webinars, downloading information from the partner hub, and achieving certifications. By putting this scheme in place, Epicor aims to drive continued engagement, whilst helping partners to adapt to a rapidly changing global climate.

Source: Chanellife


Data V Tech is proud to be one of the leading ERP vendors in the Asia Pacific. We have implemented Epicor ERP for many enterprises and organizations in Vietnam and China. For direct consultation, please feel free to contact us.

Learn about Epicor ERP in the wake of COVID-19 and get ready for the future.

Check out Why SMEs choose Epicor?

German machine tool industry returns

German machine tools to support industrial boom in Vietnam

The good news is Germany and German products enjoy an excellent reputation in Vietnam.

The VDW Symposium, which took place in Ho Chi Minh City on 14 May 2019, attracted some 100 high-calibre Vietnamese industry representatives. (Source: AHK Vietnam)

Confirming this at the recent VDW Symposium at Mekong Delta was Marko Walde, the executive director of the German-Vietnamese Chamber of Foreign Trade. The chamber is also a co-operation partner of the second VDW (German Machine Tool Builders’ Association) Symposium at Mekong Delta. The VDW Symposium, organized twice yearly since 2004, is to develop markets sustainably and repeat events regularly.

According to VDW, Vietnam’s economic development is continuing its upward trend and economic researchers are expecting the country’s GDP to have increased 7% in 2018. A further 6% growth has been predicted for 2019. New free trade agreements are opening up markets and attracting foreign investors to Vietnam. In 2018, the eight most important customer industries for machine tools invested 18% over the year before. Another 8% increase is expected this year and the growth is broad-based.

The aviation, medical technology, electrical/electronics, metal production, and processing industries and the mechanical engineering sector are investing disproportionately high amounts. “This is why now is the right time for the German machine tool industry to return to Vietnam to showcase its strengths,” said Klaus-Peter Kuhnmünch, organiser of the VDW Machine Tool Association’s foreign symposia.

Eleven manufacturers presented their manufacturing technology innovations in Ho Chi Minh City, namely Alzmetall, Chiron-Werke, Gleason Corporation, Grob-Werke, Heller, Index-Werke, Kapp Niles, Röders, Siemens, Trumpf and J.G. Weisser. “I was most impressed by the presentations and the selection of German companies,” said Nhat Pham, senior manager of Strategic Sourcing Marlow Vietnam, Company II-VI.

Potential for German machine tool manufacturers

Vietnam has established itself as an important link in international supply chains, meaning its manufacturers must be globally competitive, both qualitatively and price-wise. As such, the demand for sophisticated production technology is high. Machine tool consumption, an important indicator of the industry’s modernization efforts, is predicted to grow 8.2% this year, VDW says.

Mechanical engineering in Vietnam is not well developed. Local manufacturers only produce simple devices until now. Thus, progress to establish a modern, efficient industry is heavily dependent on machine tools imports.

Vietnam ranks 10th as importing nation

Internationally, Vietnam already ranks 10th as an importing nation, buying products up to a value worth €1 billion. Together with the U.S., Germany is one of the few Western suppliers selling machines to Vietnam, while South Korea, China, Japan, and Taiwan are dominant in this area. Since 2014, the German machine tool exports to Vietnam have risen by over 150%, recording a 215% increase alone in 2018. And, orders from Vietnam have more than tripled recently.

The German machine tool industry offers technologically sophisticated solutions that stand out from the mass-produced offerings of Asian competitors, Duong Tuan Ngoc, vice general director of Hong KY, Ho Chi Minh City noted. Duong: “We have already purchased machine tools from Switzerland this year. In the future, we will be taking a keen interest in high-precision milling machines from Germany.”

Kuhnmünch said: “In view of the Asian dominance and the great potential of the Vietnamese market, German manufacturers must take urgent action if they want to share in the Vietnamese boom.” And General Director of Trumpf Vietnam, Patrick Kemnitz, added: “Having a local presence is important for customer proximity. Service and after-sales are the core elements for ensuring further growth.”

Soltau-based Röders, which is already actively servicing the market, took part in the VDW symposium for the first time. The company has been operating a contract manufacturing plant in Vietnam since 2013.

The VDW Symposium was well attended, attracting some 100 participants. Interest levels were high and discussions were lively. Included too were 42 bilateral talks. Dirk Prust, chairman of Index-Werke noted: “The B2B meetings are a very useful addition to the presentations. The individual meetings provide a convenient opportunity to get into closer contact.” He added that one gets a lot about views, experiences, and abilities of potential customers here, which help in assessing needs and providing professional advice.

Source: Briggette Jaya


High-quality industrial tools separately, however, do not secure the productivity or the company’s position in international competition at the moment. They need to be ready to integrate into a system that reduces manual and tedious work while boost productivity to the level able to disrupt the market. In other words, it is optimal to install ERP-compatible machines.

Data V Tech is proud to be one of the leading ERP vendors in the Asia Pacific. We have implemented Epicor ERP for many enterprises and organizations in Vietnam and China. For direct consultation, please feel free to contact us.

Internet of Things (IoT) market grows 2020-2025

Internet of Things (IoT) in retail market projected to grow in 2020-2025

During the forecast period, major factors expected to drive the growth of the IoT in the retail market include rapidly declining cost of IoT-based sensors and connectivity, increasing adoption of smart payment solutions, and customer demand for a seamless shopping experience.

Reportlinker.com announces the release of the report “Internet of Things in Retail Market by Platform, Hardware, Service, Application And Region – Global Forecast to 2025”.

By offering, the hardware segment to account for the highest market share during the forecast period

Hardware is an essential component for any IoT device to work efficiently. In order to improve customer experiences and similar operations, these technologies or devices have become a necessity.

Beacons broadcast radio signals using the Bluetooth Low Energy (BLE) technology. These signals are received by the customer’s smartphones and wearables.

The use of these technologies enhances customer experiences by sending relevant messages as per consumer requirements.

By application, the operations management segment to hold the largest market size in 2020

The operations management segment for any retail organization is important because it refers to all the activities that maintain the optimum store functioning levels. IoT plays a crucial role in process automation and improves the operational efficiency of retail stores.

Operations management in the retail industry includes energy optimization, supply chain optimization, surveillance and security, inventory optimization, and workforce management.

By region, Asia Pacific to grow at the highest CAGR during the forecast period

Asia Pacific (APAC) is estimated to be the fastest-growing region in terms of the growth of the IoT in the retail market, due to the increasing adoption of new technologies, higher investments for digital transformation, and the growth in Gross Domestic Product (GDP) in the APAC countries. The region is continuously adopting technological advancements as IoT grows in popularity with both governments and companies on a global scale.

APAC is one of the biggest markets for connected devices.

In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, innovation and technology directors, and executives from various key organizations operating in the IoT in the retail market.

The breakup of the profiles of the primary participants is given below:
• By Company Type: Tier 1 – 55%, Tier 2 – 27%, and Tier 3 – 18%
• By Designation: C-Level Executives– 33%, Director Level – 25%, and Managers–42%
• By Region: North America – 38%, Europe – 19%, APAC – 14, and RoW – 29%

The following key IoT in retail market vendors are profiled in the report:
• Cisco (US)
• IBM (US)
• Intel (US)
• Microsoft (US)
• PTC (US)
• Huawei (China)
• Sierra Wireless (Canada)
• AWS (US)
• SAP (Germany)
• Software AG (Germany)
• Accenture (Ireland)
• Bosch.IO (Germany)
• Google (US)
• NEC Corporation (Japan)
• Oracle (US)
• AT&T (US)
• Vodafone (UK)
• Happiest Minds (India)
• Telit (UK)
• Allerin (India)

Research Coverage

The IoT in the retail market is segmented by offering (hardware, platforms, and services), application, and region. A detailed analysis of the key industry players has been undertaken to provide insights into their business overviews; services; key strategies; new service and product launches; partnerships, agreements, and collaborations; business expansions; and competitive landscape associated with the IoT in the retail market.

Reasons to Buy the Report

The report would help the market leaders and new entrants in the following ways:

• It comprehensively segments the IoT in the retail market and provides the closest approximations of the revenue numbers for the overall market and its subsegments across different regions.

• It would help stakeholders understand the pulse of the market and provide information on the key market drivers, restraints, challenges, and opportunities in the market.

• It would help stakeholders understand their competitors better and gain more insights to enhance their positions in the market. The competitive landscape section includes the competitor ecosystem, new service developments, partnerships, and acquisitions.

Read the full report here.

Source: Reportlinker

 


 

Data V Tech is proud to be one of the leading ERP vendors in the Asia Pacific. We have implemented Epicor ERP for many enterprises and organizations in Vietnam and China. For direct consultation, please feel free to contact us.

 

work solution to Coronavirus

Coronavirus Has ‘Expedited’ Need For CBT’s Connected Worker Solution

‘We had seen rapidly increasing interest in this solution from utility and manufacturing companies prior to coronavirus, but now we are seeing interest across multiple industries,’ says CBT CEO Kelly Ireland. ‘All businesses now are having to figure out a way to support clients in an entirely different manner.’

A breakthrough remote expert/connected worker solution from solution provider CBT is coming to the aid of customers grappling with the changing work requirements sparked by the coronavirus.

“This crisis has expedited the need for our remote expert/connected worker solution,” said CBT founder and CEO Kelly Ireland in an interview with CRN. “This is the result of over two years of industrial IoT (internet of things) solutions development ”

The internet of things solution- which was developed as part of a refinery of the future project with a number of vendors including Hewlett Packard Enterprise – is finding new uses from customers in the midst of the coronavirus, said Ireland.

“We had seen rapidly increasing interest in this solution from utility and manufacturing companies prior to coronavirus, but now we are seeing interest across multiple industries,” said Ireland. “All businesses now are having to figure out a way to support clients in an entirely different manner.”

Telemedicine is one of the use cases that CBT, headquartered in Orange, Calif., No. 155 on the 2019 CRN SP500, has developed for health care professionals, but the solution has been embraced by a diverse group of clients, said Ireland.

In fact, Ireland said customers have come up with broad uses for the internet of things solution because of the robust capabilities it brings to bear to solve a wide range of remote expert/connected worker issues. “This transcends all industries,” she said.

Key to the adoption of the remote expert/connected worker solution is the return on investment which has amounted to cost savings as much as 75 percent and time savings by 90 percent, said Ireland. “The ROI has been massive- much higher than what we have seen for other solutions,” she said. “The ROI is extremely impactful. It’s going right to the bottom line.”

The CBT remote expert/connected worker solution is packaged solution priced starting at under $5,000 for a single wearable device with up to 10 virtual remote users, said Ireland. “This solution is deployed virtually,” she said. “No one has to come out and install it. We ship equipment and then deploy it virtually. It is set up as a plug and play solution ready to go. So the people using it never have to meet face to face. It is all done virtually.”

CBT has used the remote expert/connected worker device at a Saudi Arabia manufacturing plant, said Ireland. “We implemented the solution and a specialist was able to support the engineer in Saudi Arabia to identify the problem and resolve the issue,” she said.

The remote expert-connected worker “is the culmination of years of work and millions of dollars of investment,” said Ireland. “The knowledge and experience we have gained over that time really make us experts in this field.”

Source: Steven Burke


Data V Tech is proud to be one of the leading ERP vendors in the Asia Pacific. We have implemented Epicor ERP for many businesses in Vietnam and China, who are benefiting from the software solution during this Coronavirus crisis. For direct consultation, please feel free to contact us.