Malaysia 2Q2022 Vistage-MIER CEO Confidence Index

1. The CEO Confidence Survey is a monthly survey of 100 chief executive officers (CEOs) from a variety of industries in the U.S. economy. The survey is conducted, analyzed, and reported by the Conference Board and it seeks to gauge the economic outlook of CEOs, determining their concerns for their businesses, and their view on where the economy is headed.

2. A reading of the survey index with a value above 50 indicates that the CEOs surveyed are more bullish than bearish on their economic outlook. The Conference Board's CEO Confidence Survey is seen as a leading economic indicator and it competes with Chief Executive magazine's CEO Confidence Index.

IoT Is Changing the Semiconductor Industry; and How Big Data is Applied in Major Industries

1. The IoT semiconductor industry is in continually high demand, especially as people look for increasingly advanced and feature-filled connected devices. However, the specific reasons for the chip’s rise are more complex than some might think. Here’s a closer look at some of them.

2. On the other hand, there are some major big data applications where it has become a game-changer for increasing efficiency, enhancing customer service, reducing costs, making better products, and much more:

Key Trends in Food Processing & Strategies for Food Tech Companies

1. The impact of COVID-19  on the food supply cannot be overstated. The virus is widely believed to have originated in the food supply in China in 2019. It’s therefore not surprising that the resulting global pandemic has changed the food production industry forever.  

2. With on-going quarantines, lockdowns, restaurant closures and work-from-home, consumers had more time to research how their food is being produced and where it is coming from. From the place of origin of food products, to ingredients, to packaging and food safety, American consumers have drastically altered their perception of what a desirable, safe, and delicious food product is. 

3. There are six key trends that U.S. food producers are reacting to. 

4. BCI Global has defined four strategic directions for innovative food tech companies with clear international ambitions to establish the right manufacturing and supply chain footprint for the future. They are as follows:
• Differentiating between short-term capacity development and longer-term strategy
• Creating the right ecosystem
• Selecting the optimal location for new operations
• Footprint risk management.

3 Cybersecurity Issues Manufacturers Can Solve with AI

1. AI has led to some massive changes in many different industries. The manufacturing industry is among those most affected by the changes it has created.

2. Manufacturers are projected to spend $2.3 billion on AI technology this year. While this figure might not seem significant, it is growing at a rate of 47.9% a year through 2027.

3. One of the biggest reasons that the manufacturing sector is investing more heavily in AI is to take advantage of the cybersecurity benefits it offers.

4. Manufacturers are among the biggest targets of cybercriminals. In 2021, over 40% of manufacturers experienced a cyberattack. That figure is likely to increase in the coming years, so they must use all resources at their disposal to combat them.

5. Therefore, using AI-driven cybersecurity strategies will be more important than ever.

6. Technological advancements and innovation have helped manufacturing industries to grow exponentially in the past few years. Companies are no longer limited to using old and offline trends. They are now making significant shifts to online activities. Unfortunately, this has also led to increasing incidences of cyber-attacks.

7. Manufacturers should be aware of the different cybersecurity threats the industry faces today. They must also develop effective solutions to address these threats and minimize risks, which includes using AI to its full potential.

8. Here are three cyber security issues in manufacture you should know, which can be addressed with AI technology.