The convergence trend, catalyzed by connectivity, disrupts the overall value chain and changes the way value is distributed and captured by the different players.
Infrastructure used to be planned with a top-down approach, but now access to the end-user is becoming the driving force for the entire value chain.
DWS17 - A time for big strategic bets - Plenary session - Pierre LOUETTE - Or...IDATE DigiWorld
Ā
Making telcos great again
Inspite of the attack of the web giants: we're still there!
One sky, two realities...
there is a bright future for telcos
From higher ground to one world
Ericsson ConsumerLab - Commuters expect moreEricsson
Ā
Today, commuters are taking advantage of greater connectivity and apps to simplify their daily commute. However, the public transport industry is perceived as lagging behind.
Presentation from the Intelligent Community Forum Master Class presented June 6, 2013 at the ICF Summit in New York City. The Intelligent Community Forum's Master Class is for decision-makers on community development including Mayors, members of Council, city managers, information technology managers and economic development officers. The Class identifies what the 21st Century community needs in order to be globally competitive, as well as the obstacles that stand in its way and how those obstacles can be overcome.
The content is based on a decade of study into how communities build prosĀ¬perous inclusive economies and meet social challenges on a foundation of information and communications technology. It focuses on key areas including broadband, workforce development, innovation, digital inclusion and economic marketing and advocacy ā a mix of traditional and non-traditional factors that power the success of Intelligent Communities around the world.
The book pinpoints that the digital future is exposed to the danger of chaotic, unregulated growth, which constitutes a challenge for countries that still operate according to traditional economic models, and that public thinking in the Arab region in facing challenges still follows the "reaction methodology" and temporary solutions with short-term prospects, and that this is confirmed by the current international indicators of its competitiveness. The book proposes that in order to address this, visions and efforts should be based on strategies driven by scientific methods, and with it the Arab countries must develop a clear understanding of the main challenges before jumping to seize opportunities.
The book shows that it is fundamental for policymakers and decision-makers to have precise and accurate understanding of the intricate details in digital transformation initiatives and the role that modern technologies can play in changing the rules and systems of current practices, and in how to develop digitized, more innovative business models with which to build resilient and sustainable social economies and systems.
The book also draws on the current data and indicators of the global economy and that they are pushing to form a worrying picture of weaknesses in Arab countries, which in turn may threaten the stability of the entire region, especially with regard to the "cognitive decline" and āincreasing unemployment ratesā and āpoor economic performance"; and that these challenges call for dealing with it as key strategic indicators that require urgent action plans; with emphasis that these plans need to be designed to reflect different ways of thinking and adapted to the nature of the requirements and challenges of the 21st century and treat them as forces and positive factors.
The book highlights the importance of accelerating the implementation of a set of initial reform projects to encourage the development of more dynamic and developed digital business environments in the Arab region, in parallel with the development of educational systems and healthcare, and strengthening agricultural capabilities to achieve food security targets, and focus on economies based on industry and production, and promoting the development of Arab digital platforms to support e-commerce practices.
IMAP global Infrastructure Sector Leaders look at the current state of the Infrastructure sector and why itās necessary for governments to continue to try to bridge the infrastructure gap generated by recent global underinvestment.
They detail the trends impacting the M&A landscape now and moving forward and identify the key market players and investors. They also share insights on the unique characteristics of the US Infrastructure market.
Cognitive Systems Institute Group Speaker Series Presentation by Tor Andreassen, Director Center for Service Innovation at NHH Norwegian School of Economics on August 6, 2015.
Factors affecting online streaming service ResearchRockstarBoy1
Ā
In this day & age, the entertainment consumption habits of people are rapidly changing. The
introduction & quick adoption of streaming services/OTT platforms has completely changed the
way we consume our entertainment. Millennials, who are the target demographic of this study, are
the most sought-after customers for these OTT platforms as they are well versed with internet
usage and have disposable income which can be spent on these entertainment platforms. This study
focuses on the factors which affect the OTT choice of millennials which will in turn help the OTT
platforms in acquiring customers if they chose to work on the most important factors. The COVID19 pandemic has accelerated the adoption of these OTT services as people have had more free time
at their homes due to lockdowns. Pre & post COVID-19 behaviors of customers regarding usage
of OTT platforms has also changed dramatically, with most customers reporting increased usage.
The study talks about several important factors which affect the streaming service choice of
millennials & also talks about the impact of COVID-19 on these OTT platforms.
In this study, FABERNOVEL and Ardian Infrastructure combine their expertise to answer a key issue faced by many in the infrastructure world today: in a world that is moving ever forward and finds itself increasingly transformed by the digital, what shapes infrastructure and renders it capable of adapting to and meeting the needs of tomorrowās economy? How can we boost innovation in infrastructure? And how are we able to add value to infrastructure in tomorrowās world?
FABERNOVEL and Ardian Infrastructure have developed a scoring model as well as a method aiming to guide future investments in infrastructure, known as āaugmented infrastructureā. This method will deliver the tools to help understand key concepts, help succeed in and invest in a whole economy network.
More information here : https://bit.ly/2A4hl41
DWS17 - A time for big strategic bets - Plenary session - Pierre LOUETTE - Or...IDATE DigiWorld
Ā
Making telcos great again
Inspite of the attack of the web giants: we're still there!
One sky, two realities...
there is a bright future for telcos
From higher ground to one world
Ericsson ConsumerLab - Commuters expect moreEricsson
Ā
Today, commuters are taking advantage of greater connectivity and apps to simplify their daily commute. However, the public transport industry is perceived as lagging behind.
Presentation from the Intelligent Community Forum Master Class presented June 6, 2013 at the ICF Summit in New York City. The Intelligent Community Forum's Master Class is for decision-makers on community development including Mayors, members of Council, city managers, information technology managers and economic development officers. The Class identifies what the 21st Century community needs in order to be globally competitive, as well as the obstacles that stand in its way and how those obstacles can be overcome.
The content is based on a decade of study into how communities build prosĀ¬perous inclusive economies and meet social challenges on a foundation of information and communications technology. It focuses on key areas including broadband, workforce development, innovation, digital inclusion and economic marketing and advocacy ā a mix of traditional and non-traditional factors that power the success of Intelligent Communities around the world.
The book pinpoints that the digital future is exposed to the danger of chaotic, unregulated growth, which constitutes a challenge for countries that still operate according to traditional economic models, and that public thinking in the Arab region in facing challenges still follows the "reaction methodology" and temporary solutions with short-term prospects, and that this is confirmed by the current international indicators of its competitiveness. The book proposes that in order to address this, visions and efforts should be based on strategies driven by scientific methods, and with it the Arab countries must develop a clear understanding of the main challenges before jumping to seize opportunities.
The book shows that it is fundamental for policymakers and decision-makers to have precise and accurate understanding of the intricate details in digital transformation initiatives and the role that modern technologies can play in changing the rules and systems of current practices, and in how to develop digitized, more innovative business models with which to build resilient and sustainable social economies and systems.
The book also draws on the current data and indicators of the global economy and that they are pushing to form a worrying picture of weaknesses in Arab countries, which in turn may threaten the stability of the entire region, especially with regard to the "cognitive decline" and āincreasing unemployment ratesā and āpoor economic performance"; and that these challenges call for dealing with it as key strategic indicators that require urgent action plans; with emphasis that these plans need to be designed to reflect different ways of thinking and adapted to the nature of the requirements and challenges of the 21st century and treat them as forces and positive factors.
The book highlights the importance of accelerating the implementation of a set of initial reform projects to encourage the development of more dynamic and developed digital business environments in the Arab region, in parallel with the development of educational systems and healthcare, and strengthening agricultural capabilities to achieve food security targets, and focus on economies based on industry and production, and promoting the development of Arab digital platforms to support e-commerce practices.
IMAP global Infrastructure Sector Leaders look at the current state of the Infrastructure sector and why itās necessary for governments to continue to try to bridge the infrastructure gap generated by recent global underinvestment.
They detail the trends impacting the M&A landscape now and moving forward and identify the key market players and investors. They also share insights on the unique characteristics of the US Infrastructure market.
Cognitive Systems Institute Group Speaker Series Presentation by Tor Andreassen, Director Center for Service Innovation at NHH Norwegian School of Economics on August 6, 2015.
Factors affecting online streaming service ResearchRockstarBoy1
Ā
In this day & age, the entertainment consumption habits of people are rapidly changing. The
introduction & quick adoption of streaming services/OTT platforms has completely changed the
way we consume our entertainment. Millennials, who are the target demographic of this study, are
the most sought-after customers for these OTT platforms as they are well versed with internet
usage and have disposable income which can be spent on these entertainment platforms. This study
focuses on the factors which affect the OTT choice of millennials which will in turn help the OTT
platforms in acquiring customers if they chose to work on the most important factors. The COVID19 pandemic has accelerated the adoption of these OTT services as people have had more free time
at their homes due to lockdowns. Pre & post COVID-19 behaviors of customers regarding usage
of OTT platforms has also changed dramatically, with most customers reporting increased usage.
The study talks about several important factors which affect the streaming service choice of
millennials & also talks about the impact of COVID-19 on these OTT platforms.
In this study, FABERNOVEL and Ardian Infrastructure combine their expertise to answer a key issue faced by many in the infrastructure world today: in a world that is moving ever forward and finds itself increasingly transformed by the digital, what shapes infrastructure and renders it capable of adapting to and meeting the needs of tomorrowās economy? How can we boost innovation in infrastructure? And how are we able to add value to infrastructure in tomorrowās world?
FABERNOVEL and Ardian Infrastructure have developed a scoring model as well as a method aiming to guide future investments in infrastructure, known as āaugmented infrastructureā. This method will deliver the tools to help understand key concepts, help succeed in and invest in a whole economy network.
More information here : https://bit.ly/2A4hl41
Uwe Richter, Juniper Networks
Juniper Day, Praha, 13.5.2015
Jestliže SlideShare nezobrazĆ prezentaci korektnÄ, mÅÆžete si ji stĆ”hnout ve formĆ”tu .ppsx nebo .pdf (kliknutĆm na tlaÄitko v dolnĆ liÅ”tÄ snĆmkÅÆ).
Improving the efficiency of aircraft turnaroundAppear
Ā
Implementing innovative app toolkit for airport workers that improve aircraft turnaround. Airport IQ will develop a mobile information sharing system connecting back-end A-CDM systems with mobile devices (smartphones, tablets and other wearable devices) carried by ground staff. The system will provide the right information at the right place and time to the right people, making it easier for planners to make optimal use of resources.
We are looking for potential partners to participate in the project whether they are Airports, Ground Handlers, Airlines, System providers and other commercial entities. If you would like to know more, then get in touch
More info, please visit
http://punkl.com
Creating a presentation slide from scratch can be quite labour-intensive. Starting with a presentation template is beneficial. It saves time, provides good visual design and means that you can primarily spend your time and attention on the content of your presentation.
Presentation templates save you time, as they're a whole lot quicker than trying to design a deck from scratch. Also, starting with a template means that you can primarily spend your time and attention on the content of your presentation, while the visual style is already designed to be engaging.
Typically, the only elements that are changed while working with a presentation template are colors, typography, copy and any visual assets such as photos for example.
**Maps Included**
* **Mercator World Map**
* **Europe Region Map**
* Austria Map
* Belgium Map
* Croatia Map
* Czech Republic Map
* Denmark Map
* Finland Map
* France Map
* Germany Map
* Greece Map
* Italy Map
* Netherlands Map
* Norway Map
* Portugal Map
* Republic of Ireland Map
* Russia Map
* Spain Map
* Sweden Map
* Switzerland Map
* Turkey Map
* Ukraine Map
* United Kingdom Map
**BONUS FILES**
* **World Countries Flags in Presentation File**
**Technical Specification**
* **100 presentation slides in total.**
* 50 unique and editable presentation slides design.
* 2 options of color themes variation.
* 16:9 HD widescreen slide format (1920 x 1080 pixels).
* No need Adobe Photoshop or any other image editor.
* Fully editable text.
* Icons variation are included.
* RGB color mode.
**Additional Note**
* Photos in the preview are not included.
* **Vector Shape Illustrations are included.**
* Fonts used are not included, they could be dowloaded from the links on the Documentation File.
**Prohibited Usage of Items**
* **Items Incorporated Into End-Products Cannot be Extracted or Used Separately**
* You cannot allow items incorporated into end-products to be extracted or used separately from the end-product, **including the vector illustrations and any other vector shapes**.
**Enjoy and have a great day! :)**
**Usage**
* Advertising Presentation, Architecture Presentation, Activity Presentation, Brand Guidelines Presentation, Business Presentation, Church Presentation, Cool Presentation, Creative Presentation, Education Presentation, Event Presentation, Finance Presentation, Keynote Presentation, Listing Presentation, Marketing Presentation, Medical Presentation, Pitch Deck Presentation, Product Presentation, Professional Presentation, Sales Presentation, Simple Presentation, Technology Presentation, Programs Presentation, Personal Presentation, Fashion Presentation, Promo Presentation, Shop Presentation, Boutique Presentation, Outlet Presentation, etc.
More info, please visit
http://punkl.com
Creating a presentation slide from scratch can be quite labour-intensive. Starting with a presentation template is beneficial. It saves time, provides good visual design and means that you can primarily spend your time and attention on the content of your presentation.
Presentation templates save you time, as they're a whole lot quicker than trying to design a deck from scratch. Also, starting with a template means that you can primarily spend your time and attention on the content of your presentation, while the visual style is already designed to be engaging.
Typically, the only elements that are changed while working with a presentation template are colors, typography, copy and any visual assets such as photos for example.
**Maps Included**
* **Mercator World Map**
* **Europe Region Map**
* Austria Map
* Belgium Map
* Croatia Map
* Czech Republic Map
* Denmark Map
* Finland Map
* France Map
* Germany Map
* Greece Map
* Italy Map
* Netherlands Map
* Norway Map
* Portugal Map
* Republic of Ireland Map
* Russia Map
* Spain Map
* Sweden Map
* Switzerland Map
* Turkey Map
* Ukraine Map
* United Kingdom Map
**BONUS FILES**
* **World Countries Flags in Presentation File**
**Technical Specification**
* **100 presentation slides in total.**
* 50 unique and editable presentation slides design.
* 2 options of color themes variation.
* 16:9 HD widescreen slide format (1920 x 1080 pixels).
* No need Adobe Photoshop or any other image editor.
* Fully editable text.
* Icons variation are included.
* RGB color mode.
**Additional Note**
* Photos in the preview are not included.
* **Vector Shape Illustrations are included.**
* Fonts used are not included, they could be dowloaded from the links on the Documentation File.
**Prohibited Usage of Items**
* **Items Incorporated Into End-Products Cannot be Extracted or Used Separately**
* You cannot allow items incorporated into end-products to be extracted or used separately from the end-product, **including the vector illustrations and any other vector shapes**.
**Enjoy and have a great day! :)**
**Usage**
* Advertising Presentation, Architecture Presentation, Activity Presentation, Brand Guidelines Presentation, Business Presentation, Church Presentation, Cool Presentation, Creative Presentation, Education Presentation, Event Presentation, Finance Presentation, Keynote Presentation, Listing Presentation, Marketing Presentation, Medical Presentation, Pitch Deck Presentation, Product Presentation, Professional Presentation, Sales Presentation, Simple Presentation, Technology Presentation, Programs Presentation, Personal Presentation, Fashion Presentation, Promo Presentation, Shop Presentation, Boutique Presentation, Outlet Presentation, etc.
Senet - LPWANs for smart building, campus, and city applicationsSenet
Ā
Forward-thinking cities have come to recognize that in order to realize the full value of IoT, they must enable a secure and scalable network infrastructure designed to support multiple applications. While there are several options to consider, the emergence of Low Power Wide Area Networks (LPWANs) has fundamentally changed the smart cities IoT landscape. From smart waste management services that allows municipalities to optimize collection routs, to smart water management solutions that help utilities manage and monitor water flows, to smart buildings where IoT is used to measure and verify energy efficiency, Low Power Wide Area Networks are poised to deliver on the promise of IoT.
Senet - LPWANs for smart building, campus, and city applicationsKen Lynch
Ā
Forward-thinking cities have come to recognize that in order to realize the full value of IoT, they must enable a secure and scalable network infrastructure designed to support multiple applications. While there are several options to consider, the emergence of Low Power Wide Area Networks (LPWANs) has fundamentally changed the smart cities IoT landscape. From smart waste management services that allows municipalities to optimize collection routs, to smart water management solutions that help utilities manage and monitor water flows, to smart buildings where IoT is used to measure and verify energy efficiency, Low Power Wide Area Networks are poised to deliver on the promise of IoT.
Similar to The augmented infrastructure by fabernovel & Ardian (20)
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
Ā
Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
Remote sensing and monitoring are changing the mining industry for the better. These are providing innovative solutions to long-standing challenges. Those related to exploration, extraction, and overall environmental management by mining technology companies Odisha. These technologies make use of satellite imaging, aerial photography and sensors to collect data that might be inaccessible or from hazardous locations. With the use of this technology, mining operations are becoming increasingly efficient. Let us gain more insight into the key aspects associated with remote sensing and monitoring when it comes to mining.
Explore our most comprehensive guide on lookback analysis at SafePaaS, covering access governance and how it can transform modern ERP audits. Browse now!
Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Ā
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
Unveiling the Secrets How Does Generative AI Work.pdfSam H
Ā
At its core, generative artificial intelligence relies on the concept of generative models, which serve as engines that churn out entirely new data resembling their training data. It is like a sculptor who has studied so many forms found in nature and then uses this knowledge to create sculptures from his imagination that have never been seen before anywhere else. If taken to cyberspace, gans work almost the same way.
Affordable Stationery Printing Services in Jaipur | Navpack n PrintNavpack & Print
Ā
Looking for professional printing services in Jaipur? Navpack n Print offers high-quality and affordable stationery printing for all your business needs. Stand out with custom stationery designs and fast turnaround times. Contact us today for a quote!
Personal Brand Statement:
As an Army veteran dedicated to lifelong learning, I bring a disciplined, strategic mindset to my pursuits. I am constantly expanding my knowledge to innovate and lead effectively. My journey is driven by a commitment to excellence, and to make a meaningful impact in the world.
Attending a job Interview for B1 and B2 Englsih learnersErika906060
Ā
It is a sample of an interview for a business english class for pre-intermediate and intermediate english students with emphasis on the speking ability.
What is the TDS Return Filing Due Date for FY 2024-25.pdfseoforlegalpillers
Ā
It is crucial for the taxpayers to understand about the TDS Return Filing Due Date, so that they can fulfill your TDS obligations efficiently. Taxpayers can avoid penalties by sticking to the deadlines and by accurate filing of TDS. Timely filing of TDS will make sure about the availability of tax credits. You can also seek the professional guidance of experts like Legal Pillers for timely filing of the TDS Return.
Memorandum Of Association Constitution of Company.pptseri bangash
Ā
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
www.seribangash.com
Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
Putting the SPARK into Virtual Training.pptxCynthia Clay
Ā
This 60-minute webinar, sponsored by Adobe, was delivered for the Training Mag Network. It explored the five elements of SPARK: Storytelling, Purpose, Action, Relationships, and Kudos. Knowing how to tell a well-structured story is key to building long-term memory. Stating a clear purpose that doesn't take away from the discovery learning process is critical. Ensuring that people move from theory to practical application is imperative. Creating strong social learning is the key to commitment and engagement. Validating and affirming participants' comments is the way to create a positive learning environment.
3. ARDIAN|Ā FABERNOVEL
Connectography: the new geography
-
This map tells us who is connected to whom
via functional geography:
4 10.3
This map shows who is connected to whom
via functional geography:
34.1
Sources: ConnectivityAtlas, We Are Social, IATA, UNCTAD
billion people around
the world using the
internet in 2018
billion passengers
transported by plane
in 2017
billion people around
the world use social
media every month
billion tons of goods
shipped by the world
seaborne trade in 2016
ARDIAN|Ā FABERNOVEL
6. ARDIAN|Ā FABERNOVEL
A functional geography powered by infrastructure
-
Sources: The world fact book CIA
Communications
Internet cables
1.1 million kilometers
Energy
Gas / oil pipelines, electricity
3.5 million kilometers
Transportation
Roads, ports, airports, railways
65.2 million kilometers
7. ARDIAN|Ā FABERNOVEL
More infrastructures will be built in the next 40 years than
in the past 4000!
-
Sources: McKinsey *Projection cover 19 years (2016-2035) *SDG - UN Sustainable Development Goals
To keep pace with projected growth, the world needs to invest an average* of $3.6 trillion in
economic infrastructure annually through to 2035. This need could increase further in order to
meet the United Nationsā sustainable development goals.
Annual
investment
+$ 0.9 tn
needed
8. ARDIAN|Ā FABERNOVEL
There is no doubt
that infrastructure
will remain a great
investment in the
future.
Yet, in the era of
connectivity, the real
question is:
Where does
infrastructure
start and end?
9. ARDIAN|Ā FABERNOVEL
A shaken up value chain
-
INFRASTRUCTURE SERVICES
The convergence trend, catalyzed by connectivity, disrupts the overall value chain and changes the way value is
distributed and captured by the different players.
Infrastructure used to be planned with a top-down approach, but now access to the end-user is becoming the
driving force for the entire value chain.
10. ARDIAN|Ā FABERNOVEL
Shaking up the value chain? Definitely
-
Share of costs:
-
Should the share of costs be
rethought in view of the new
players building their value on
infrastructure assets?
Bundle/unbundle:
-
Should the European unbundling
regulation on energy assets be
applied to new infrastructure
players?
New monopolies:
-
How does one ensure new
unregulated monopolies are
not forming?
ARDIAN|Ā FABERNOVEL
12. ARDIAN|Ā FABERNOVEL
Remember the 2014 Netflix Verizon smackdown
-
In 2014, Netflix displayed a pop up
message about slow video speeds
blaming Verizon for refusing to
upgrade its infrastructure to boost
lagging streaming speeds.
By prioritizing network traffic, Verizon
was accused of throttling Netflix,
provoking the wrath of users and
raising the question of Net Neutralityā¦
13. ARDIAN|Ā FABERNOVEL
What finally happened
-
Verizon expanded into streaming service
-
Verizon leveraged its large user base to expand into
streaming services, with Go90, and directly compete with
Netflix.
In 2018, the network is finally offering a year of free Netflix if
you sign up online for a FiOS "triple play" (internet, TV and
phone) at $80 per month.
Netflix ensured its service reliability
-
Due to its very large scale, Netflix congests the Verizon
Network, and asks Verizon to invest in its infrastructure to
support its services.
To ensure reliability of its service, Netflix reached paid
connection deals in 2014 with Verizon and Comcast.
Netflix is paying to boost streaming speeds by connecting
directly to Verizonās network.
15. ARDIAN|Ā FABERNOVEL
Should this regulation be applied
to Tech Giantsā investments?
-
Tech Giants are taking control over infrastructures
that are crucial for their business
As their global bandwidth needs to grow and in order to tackle the future net
neutrality issues, Google, Apple, Facebook, Amazon and Microsoft (GAFAM) invest
heavily in their own intercontinental undersea cables. This strategic move is
jeopardizing Europeās unbundling regulation.
Google owns 63,605 miles and 8.5% of submarine
cables worldwide
Google claims to drive 25% of global internet traffic. From 2015 to 2017, Google
has invested $30bn in its infrastructure (11% of its revenue). So far, Google
claims to have directly invested in 11 undersea cables.
Sources: CNN, Broadband
18. ARDIAN|Ā FABERNOVEL
How does one ensure new unregulated
monopolies are not forming?
-
Billing for all: Google Maps API price rise
Google has recently announced the launch of its new Google
Maps Platform, which āintroduces changes to their products,
pricing, and support to provideā¦greater flexibility,
transparency, and control.ā
The Standard (no access to customer support) and Premium
plans are being merged into one pay-as-you-go pricing plan.
And the new fee structure means that:
Google is raising its prices by more than 1,400%.
Small businesses, which used to rely on Google Maps, cannot
absorb the costs anymore and will have to switch to less
expensive solutions such as Here, OSM, Leaflet, MapBox.
19. ARDIAN|Ā FABERNOVEL
A shaken up value chain
-
INFRASTRUCTURE SERVICES
The convergence trend, catalyzed by connectivity, disrupts the overall value chain and changes the way value is
distributed and captured by the different players.
Infrastructure used to be planned with a top-down approach, but now access to the end-user is becoming the
driving force for the entire value chain.
20. ARDIAN|Ā FABERNOVEL
How did we get here?
-
Optimize asset utilization
Gain direct contact with customers
Gather data to improve customer experience
Defend their position
Capture new and more value
Optimize their services
Maintain their quality standards
Better control/reliability of usage
Secure their independence
Key reasons to converge Key reasons to converge
INFRASTRUCTURE
OWNERS
SERVICE
PROVIDERS
Connectivity
22. ARDIAN|Ā FABERNOVEL
5 attributes of an overperforming infrastructure in the new economy
-
Improving performance continuously for your customers
The ability to continuously update its functional knowledge in order to improve its
operation efficiency and customer satisfaction, in both normal and critical situations.
Opening widely onto the exterior
The ability to create and control entry and exit points that provide users
with appropriate access to infrastructure services.
Maximizing potential usages
The ability to turn itself into a service platform offering use cases in abundance
and with a potential for monetisation.
Withstanding shocks
The ability to absorb and prevent shocks and changes, thus ensuring
long-term durability.
Controlling collateral effects
The ability for infrastructure to have a broader mission for the world by improving its
positive influence or limiting its negative impact on its surrounding environment.
Intelligent
Open
Prolific
Resilient
Impactful
23. ARDIAN|Ā FABERNOVEL
Intelligent
Improving performance continuously
for your customer
An intelligent infrastructure has the ability to update its
functional knowledge continuously in order to improve its
operation efficiency and customer satisfaction, in both
normal and critical situations.
The infrastructure is able to prevent bugs, reduce losses,
maintain security, improve quality, and increase productivity
to maximize the performance of its overall operations.
24. ARDIAN|Ā FABERNOVEL
Intelligent
[Case] Ensuring infrastructure
preservation at Ascendi
-
7.000 Ascendi infrastructures components
are now managed by SustIMS.
Maintenance monitoring by Ardianās
portfolio company Ascendi
As a motorway operator facing critical infrastructure
maintenance challenges, Ascendi partnered with two
Portuguese universities to design an integrated system
that optimizes the maintenance operations of its
infrastructure.
The system offers numerous benefits:
1.āÆ Maximize planning & execution:
Visual Inspection scheduler for technicians
1.āÆ Administrative overhead reduction:
Reporting services, risk assessment computation
1.āÆ Quality of information:
Monitoring system detecting incidents in real-
time via sensors placed on the roads
1.āÆ Minimize risk of infrastructure damage:
Modelling of future maintenance costs,
infrastructure degradation
Slope sensors
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25. ARDIAN|Ā FABERNOVEL
Open
Opening widely onto the exterior
An open infrastructure has the ability to create
and fluidify links with end users, third parties or
other infrastructure assets.
The infrastructure is able to create and control
entry and exit points that provide users with
appropriate (faster, more prominent, more
flexible, cheaper) access to infrastructure
services.
26. ARDIAN|Ā FABERNOVEL
APIs broaden the infrastructure horizons
Amsterdamās Schiphol Airport opens its API platform
offering access to business data for external developers in
order to improve user experience for both Schiphol
customers and their own. Navigation services such as
TomTom and FLIO - one-stop app - have already expressed
their interest in Schiphol APIs.
One of the most prominent imagery providers, Planet,
builds and operates a constellation of satellites which take
images of the earth every day. It gives developers access to
this imagery through its API platform. Applications to
measure agricultural yields, monitore natural resources, or
help first responders after natural disasters could be
derived from it.
Open
[Case] Enhancing and upgrading infrastructure services with crowd creation
-
27. ARDIAN|Ā FABERNOVEL
Prolific
Expanding potential use cases
A prolific infrastructure have the ability to turn
itself into a service platform offering use cases in
abundance and with a potential for monetisation.
Such infrastructure is able to optimise and
facilitate user experience, to complement and
enrich its first utility by developing and
mastering complementary and new usages on its
own, driven by the customerās needs and value
creation.
28. ARDIAN|Ā FABERNOVEL
Prolific
[Case] Ensuring connectivity
for everything, everywhere
-
5G is paving the way for new uses and
consumer-technology interactions
The internet will have the potential to become the Ā« platform of
platforms Ā» that provides the basic infrastructure to enable a hyper-
connected environment.
Capacity
enhancement
Reduced
latency
Massive
connectivity
Low power
Sources: Forbes, Bain & Company
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29. ARDIAN|Ā FABERNOVEL
Resilient
Withstanding shocks and changes
A resilient infrastructure has the ability to absorb
and prevent potential economic, technological,
regulatory and environmental shocks or slow-onset
impacts, thus ensuring its long-term durability.
Such infrastructure is able to adapt to changes in
infrastructure use and to withstand the scaling up of
multiple uses.
31. ARDIAN|Ā FABERNOVEL
Impactful
Mastering the collateral effects
An impactful infrastructure can have a broader
mission for the world, including environmental,
social, societal, or economic factors.
The infrastructure is able to have a positive
influence or limit its negative impact on its
surrounding environment: from employees
through to suppliers and biodiversity.
32. ARDIAN|Ā FABERNOVEL
Impactful
[Case] The renewablesā virtuous cycle
-
Renewable energy infrastructure positively
impacts end users and local environment
Ardianās renewable portfolio in Italy originates from a
strategic partnership between Ardian Infrastructure
and Tozzi Group, an Italian energy company
Successive investments into the platform have allowed for
a sector diversification from Wind (2007) to Hydro
(2009), Solar (2011) and Biomass (2016).
Through successive build-ups and internal development,
multiplying its size x10 from 41MW to c. 461 MW.
Through its positive externalities such as job creation and
green energy supply for thousands of families, 3New
embodies the ESG principles that are essential to
Ardianās investment strategy.
Biomass (AgriTRE)
180 GWh produced per annum (250k people supplied)
350 jobs created
80 farmers supplying straw and wood to the plant
20 ha could be cultivated through district heating should
cogeneration be developed
810 GWh / year
Renewable energy produced
Allows to supply energy to:
1.1m people
more than the whole city of Naples
Wind, Hydro, Solar
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34. ARDIAN|Ā FABERNOVEL
General awareness
of social and
environmental
imperatives
Accelerating shift
in assets value
Highly disruptive
tech industry
More industrial buyers
with significant
financial capacity
A faster moving market
shortening length of
investment visibility
Increased focus on
the capacity of
infrastructure to
transform in a
sustainable way
A changing investment paradigm
-
Increasing strategic
importance of data
control
35. ARDIAN|Ā FABERNOVEL
ā¦ And increasing the need to monitor
closely the long term return
-
Intrinsic strategic
characteristics
Essential service
High barriers to entry
Long term visibility
Room for leverage
Investing in infrastructure has meant for investment funds
to secure an attractive risk return profile based on a
long term horizon and a sustainable yield, forming the
majority of total return.
Financial benefits
High cash flow generation and regular yield
Growth potential
Low correlation to economic cycles
Inflation hedging
What may change in the
augmented infrastructure era?
ā¢ New revenues and maintenance optimization
should have a positive impact on FCF
ā¢ Consideration of optionality may maximise
exit value
ā¢ However, yield regularity and financial
leverage optimisation may be challenged by
accelerated investments and new risks
ā¢ And the presence of new type of buyers may
inflate entry multiples
Overall, the composition of the
return may be less predictable
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36. ARDIAN|Ā FABERNOVEL
Follow a long term vision
Crystalise the value
for innovation
In this context, which pillars should be central
in the investment process?
-
INVESTORS POLICY MAKERS
PARTNERS CONCESSION HOLDERS
AND OPERATORS
37. ARDIAN|Ā FABERNOVEL
If supported by a forward-looking regulation
-
The high level of investments in innovation needed to build an augmented infrastructure
should be rewarded beyond short-term economic metrix.
ARDIAN|Ā FABERNOVEL
Infrastructure regulation should aim to:
ā¢ Adopt a more user-centric approach
ā¢ Reward innovative investments needed
to prepare infrastructure assets for future
needs
ā¢ Take into account the five key levers of
the augmented infrastructure
Infrastructure operators are mainly driven by:
1. Their long-term vision
2. Their estimated cost of standing still
3. Their consideration of optionality to maximize
long term value
However, the regulatory incentives for infrastructure
operators to invest in innovation can be very low.
For certain regulated assets, there might even be a
disincentive to innovate. Current regulations can often
reward more the deployment of āmortar basedā capex
than the increase in the infrastructureās flexibility and
capabilities through digital innovation.
Today
Tomorrow
38. ARDIAN|Ā FABERNOVEL
This is also driven by a long term vision that industrials like Google
have strengthened their positions on infrastructure.
Over 2015-17, Google invested $30bn in data centers and
submarine cables to:
ā¢Ā keep the control of an essential infrastructure,
ā¢Ā move up the value chain.
āThese investments underscore (...) our confidence and clarity
about future opportunities, with our focus on proprietary
solutions that enable us to
A vision to shape the future of infrastructure
-
This shift requires a radical change from our current
transmission and distribution grids, into a smart grid
infrastructure.ā Mathias Burghardt, Head of Ardian Infrastructure
āThere is significant change underway, as we move from
centralised energy production, to decentralised and
bidirectional production, dominated by
renewable sources.
Driven by this vision, Ardian has supported its portfolio
company Kallista in its work as a member of the SER*, assessing
with the French government a possible regulation amendment to
allow, among others:
ā¢Ā electric vehiclesā charging stations directly connected to wind
turbinesā grid connections
ā¢Ā a more flexible repowering permit process to double wind energy
production with the same number of turbines.
*SER (French Renewable Energy Association)
deliver the secure, reliable, high Ā
performing compute infrastructure
to support new and emerging products
and servicesā. Ruth Porat, Google Chief Financial Officer
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39. ARDIAN|Ā FABERNOVEL
Innovation leads to value
-
In this ever-changing context, the investment framework may be impacted with a lowered visibility on FCF and a rebalancing
of the returnās composition between yield and exit value, the latter being maximised by the consideration of optionality.
Thus, the capacity to crystallize the value for innovation and immaterial investment is essential.
Transformation
to the augmented
infrastructure
model needs to
be well monetized
and promoted.
Earnings
TRANSFORM
Revenue boost / new streams
Operating efficiency
Fruitful alliances
Multiple
ENGAGE
Trust & magnetism
Business mix
New optionalities
Valuation
OF INNOVATION =
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40. ARDIAN|Ā FABERNOVEL
Do nothing may destroy value
-
Earnings
TRANSFORM
Multiple
ENGAGEVALUE
Destruction =
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āDisrupt or be disrupted. We must
have the courage to rethink the
whole process, changing the business
model, putting the passenger at the
center of this transformation and
making this growth more sustainable
for the future generation.
Digital transformation is not
a choice, we must change if
we want to surviveā.
Fabio Pacelli
Chief Innovation Officer, Naples
International Airport, Ardian
Infrastructure portfolio company
ARDIAN|Ā FABERNOVEL
The cost of standing still can be very high
To take the decision to transform, infrastructure should refer not to the current situation but to what
may happen if nothing is done. The changing environment calls for responsiveness from key players,
otherwise there is a great risk of being disrupted, at a very high cost.
41. ARDIAN|Ā FABERNOVEL
Transform to drive more earnings in the long term
-
1.āÆ Anticipate risk
of disruption
1.āÆ Monitor with the right
approach and KPIās
2.āÆ Activate key levers
of the augmented
infrastructure
3.āÆ Optimise capital
allocation
Earnings
TRANSFORM
Revenue boost / new streams
Operating efficiency
Fruitful alliances
Multiple
ENGAGE
Trust & magnetism
Business mix
New optionalities
Valuation
OF INNOVATION =
ARDIAN|Ā FABERNOVEL
42. ARDIAN|Ā FABERNOVEL
Combining into a universal parking app, on-
street and off-street parking offer into single
comprehensive experience.
Optimising the asset utilisation by reducing
the cyclicality of the business and providing a
solution to operate in the low activity phases.
Improving mobility in the city and reducing the carbon footprint
Digitalizing the parking environment allows for greater transparency
and wiser mobility policy decisions.
Manage occupancy rate of car park
in real-time
Manage pricing mechanism: creating
various different parking zones and
changing the pricing dynamically.
Initiated by Indigo but open to
every car park operator and
owner - more than 114 actors;
Accessible on mobile and web
devices.
ARDIAN|Ā FABERNOVEL
[case] OPnGo, the universal digital parking platform
Transforming car parks by enhancing driver experience
-
43. ARDIAN|Ā FABERNOVEL
How to value investments in transformation?
-
Earnings
TRANSFORM
Revenue boost / new streams
Operating efficiency
Fruitful alliances
Valuation
OF INNOVATION
1.āÆ Closely involve all
stakeholders
2.āÆ Monitor risk profile
3.āÆ Value externalities
Multiple
ENGAGE
Trust & magnetism
Business mix
New optionalities
=
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44. ARDIAN|Ā FABERNOVEL
Identify its specific challenges,
as a regional airport
Understand better customer needs
and create adapted new businesses to
boost non-aeronautical revenues
Put technology at the service
of passengers and employees
Integrate its regional business
partners and their digital strategy
Key
strategic
pillars
Double the percentage
of e-channel sales
Drive additional margins
Key impacts
on the business
model
ARDIAN|Ā FABERNOVEL
[case] Torino airport, Ardian Infrastructure portfolio company
Closely involve all stakeholders
-
āFor a regional airport, a
customer-centric approach is
a challenge.
Digital transformation is
a must to improve the customer
experience of our passengers,
creating value.ā
Salvatore Landolina
Chief Financial Officer at Torino Airport
Digital Transformation Director
45. ARDIAN|Ā FABERNOVEL
Value externalities
-
We are convinced that an
infrastructure has to be valued
on a 360Ā° approach.
Because there should be a link between, on one hand the
resilience of the infrastructure and its capacity to integrate
sustainably its ecosystem, and on the other hand its financial
performance.
But also as it plays on its desirability for all stakeholders.
That is particularly true for infrastructure.
We can assess that the optimisation of the operating
model (āIntelligent infrastructureā) will help to predict
and reduce this impact.
Components
Of Value
Creation
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47. ARDIAN|Ā FABERNOVEL
Credits
-
Joachim Renaudin
Senior Analyst
FABERNOVEL INNOVATE
Axelle Ricour-Dumas
Director
FABERNOVEL ALPHA
Francois Delmas
Value Analyst Intern
FABERNOVEL ALPHA
Pierre Bernard
Project Engineer
FABERNOVEL INNOVATE
Mathias Burghardt
Member of the Executive Committee of ARDIAN
Head of ARDIAN INFRASTRUCTURE
Candice Brenet
Head of Corporate & Investment
Responsibility / Digital Responsability
ARDIAN
Mehdi Dziri
Lead Project Analyst
FABERNOVEL INNOVATE
Gonzague Boutry
Director
ARDIAN INFRASTRUCTURE
Pauline Thomson
Investment Manager
ARDIAN INFRASTRUCTURE
Daniele Rizzolini
Director
ARDIAN INFRASTRUCTURE
Research