Posts Tagged ‘Deliver’
January 8, 2015 | 
Author SEW-EURODRIVE Selects NetDimensions Talent Suite to Deliver Efficient Learning all around the World
Neu-Isenburg, Germany (PRWEB) January 08, 2015
NetDimensions (AIM: NETD; OTCQX: NETDY), a global provider of performance, knowledge, and learning management systems, announced today that Germany-based SEW-EURODRIVE, a leading provider of drive automation solutions, has selected NetDimensions Talent Suite to train over 16,000 employees worldwide.
As one of the most innovative market leaders in the field of drive technology, SEW-EURODRIVE is confronted with the challenge of efficient knowledge management at a global scale. With products and services becoming increasingly complex, SEW-EURODRIVE needed a Learning Management System (LMS) that would allow the distribution of training content quickly and efficiently across the whole “SEW world.”
Moreover, SEW-EURODRIVE wanted to provide targeted and personalized learning to its workforce at the moment of need and all around the world. Because of its decentralized organization structure, SEW-EURODRIVE needed a flexible learning solution that could be adapted to the specific needs of the different countries and to the preferences of individual employees.
“We were seeking a new solution to allow us to increase flexibility by providing a variety of learning opportunities to our workforce, such as social and online learning activities. We also wanted to increase learning on-the-job, as well as improve reporting. The goal is to establish lean processes for learning and development at a global level,” explained Sabine Kühnlein, Project Manager, Learning Management System at SEW-EURODRIVE.
After an extensive evaluation process, which included approximately 400 different criteria, eight solutions were shortlisted. NetDimensions Learning (an application of NetDimensions Talent Suite) was selected, because it covered the highest number of functional criteria and the team at SEW felt that NetDimensions would be the best fit for the culture of SEW-EURODRIVE.
“The coverage of our functional requirements, the fitting to our in-house IT systems, and the ability to implement the system on-premise were all critical. Our LMS needs to interface to several other systems, like our core HR system, SAP HR, and our authoring tool TT Knowledge Force (TTKF). NetDimensions Learning is a flexible, multi-language solution. It allows us to personalize the visual design and make the learning experience engaging for our users.”
“Throughout the selection process it became clear to us that the whole NetDimensions team is really willing to fulfill our requirements and that they are working hard to improve their solutions according to the practical needs of their clients,” concludes Kühnlein.
Learning is an integral part of the talent management process at SEW-EURODRIVE. The company’s goal is to encourage staff to learn more autonomously on a daily basis, with the support of their line managers. Even though the focus is currently on learning and development, it is also critical that integrating the Learning Management System with a complete enterprise Talent Management solution is available to the company.
Dr. Hilmar Döring, Head of HR at SEW-EURODRIVE, commented: “With the new system we create a way to multiply learning opportunities within the company, which is a major step on our way to truly becoming a Learning Organization.”
“We are delighted to work with SEW-EURODRIVE and support the innovation in their learning and talent management. We believe that NetDimensions Talent Suite is an ideal solution for global manufacturing companies like SEW-EURODRIVE, which have to manage training globally and make sure they meet strict compliance regulations in multiple different markets,” commented Liam Butler, General Manager for EMEA at NetDimensions.
About SEW-EURODRIVE
SEW-EURODRIVE is movement, tradition, innovation, quality, and service all in one. We prove this to our customers every day and have done so for more than 80 years. We do not just move countless conveyer belts, bottling plants, sports stadium roofs, gravel plants, assembly lines, processes in the chemical industry, your luggage at the airport, or even you on escalators. We also are moving ourselves. In our company, there is no such thing as standing still. Every day, nearly 550 researchers and developers are working to create the future of drive automation and making it a little better. Collectively, more than 16,000 employees around the world are moving to develop solutions that help you optimize your processes. This is how SEW-EURODRIVE has evolved throughout its history to become the market leader in the industry of drive automation with a turnover of more than EUR 2.5 billion.
The movement you need is created with various product solutions and drive systems. According to customer or industry needs, SEW-EURODRIVE offers individual solutions using our comprehensive modular system for building gear motors and frequency inverters, servo drive systems, decentralized drive systems, and industrial gear units.
For more information, please visit: http://www.sew-eurodrive.com/konzernprofil/index.htm
About NetDimensions
Established in 1999, NetDimensions (AIM: NETD; OTCQX: NETDY) is a global provider of performance, knowledge and learning management solutions.
NetDimensions provides companies, government agencies and other organizations with talent management solutions to personalize learning, share knowledge, enhance performance, foster collaboration and manage compliance programs for employees, customers, partners and suppliers.
Recognized as one of the talent management industry’s top-rated technology suppliers, NetDimensions has been chosen by leading organizations worldwide including ING, Cathay Pacific, Hunter Douglas, Chicago Police Department, Geely Automotive, Fugro Group and Fresenius Medical Care.
NetDimensions is ISO 9001 certified and NetDimensions hosted services are ISO 27001 certified.
For more information, visit http://www.NetDimensions.com or follow @netdimensions on Twitter.
©Copyright 1997-
, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.
Posted in General | 
Tags: around, Deliver, Efficient, Learning, NetDimensions, Selects, SEWEURODRIVE, Suite, Talent, WORLD | 
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Study Finds that Multi-State Catastrophic Risk Pools Deliver Significant Benefits in Major Tropical Events
SILVER SPRING, M.D. (PRWEB) March 07, 2013
In the wake of the multi-state destruction wrought by the one-two punch of Superstorm Sandy and the nor’easter that followed, a new study suggests that geographically diverse, multi-state catastrophic risk pools provide clear financial benefits without creating subsidies between low and high risk areas. Sponsored by Florida State University (FSU), the study was conducted utilizing the powerful, science-based risk modeling platform from Kinetic Analysis Corporation, a leader in multi-model impact forecasting and risk assessment for catastrophic events.
The study was conducted by Charles C. Watson, Jr., director of R&D at Kinetic Analysis and developer of the modeling system used in the study; Mark E. Johnson, professor of statistics with the University of Central Florida; and Randy E. Dumm. It sought to determine whether geographic diversification reduces the amount of reserve funds required to cover catastrophic losses. This was accomplished by analyzing performance of insurance portfolios drawn from various combinations of nine coastal states in the Southeastern U.S. based on tropical cyclone losses.
“Single state portfolios, on which the current property insurance system is based, are far from optimal. They are large enough to encompass the risk from single events, but not large enough to diversify that risk sufficiently to take advantage of different climate zones or areas not hit by a single major storm.” said Watson.
Added Johnson: “Creating portfolios covering diverse climate zones, such as combining properties from both the Gulf of Mexico and Atlantic Coasts, is highly advantageous over portfolios in a single region. Covering all exposures in the entire study area, Texas to Virginia, was the most efficient and sustainable grouping examined.”
In addition, the study found that a system covering all storm hazards (wind, wave, flooding) would be more efficient and much easier for consumers to navigate than the current system where private insurance covers wind damage, but flood damage is covered through a separate government backed insurance through FEMA, each with different rules and deductibles.
The study’s findings are particularly relevant in the wake of Sandy, which pelted coastal and inland regions with high winds, driving rains, heavy snow and flooding along the Eastern Seaboard. Kinetic Analysis projects that that storm’s direct impacts could run as high as $ 25 billion, excluding the New York City underground infrastructure.
Sandy has renewed calls for a federal catastrophe plan that creates risk pools across larger geographic areas – along with objections that doing so will force low-risk areas to subsidize high-risk states. However, the study found the opposite to be true. As geographic diversity increased, funding levels for sustainable catastrophic risk pools decreased relative to premiums, actually resulting in savings for both low and high risk areas.
“If subsidies are created in this setting, it is due to incorrect risk pricing rather than the risk itself,” said FSU’s Dr. Randy Dumm. “Our analysis found that each state derives benefits from geographic diversification regardless of risk ranking. In fact, failure to diversify catastrophic wind risk may impose its own set of costs in the form of lost diversification benefits that exist precisely where they are needed, for less frequent and more severe catastrophic events.”
Specifically for the portfolios analyzed, reserves totaling just over $ 130 billion would be required for each of the nine states to individually cover 100-year losses. However, for a portfolio covering the entire region, required reserves total just $ 71.1 billion. The difference is due to the extreme unlikelihood that all states would suffer a 100-year event in any given year.
Utilizing Kinetic Analysis’ robust modeling platform, numerical calculations for the risk diversification study were generated by:
1. Simulating all Atlantic storms (1871-2011), with a complex high resolution storm hazard model consisting of wind, wave, storm surge, and rain components
2. Determining damage to the target portfolio using a composite damage function derived from six different public domain damage function families
3. Analyzing the output statistically and conducting a financial analysis on various portfolios and policy provisions
“This study is a significant addition to the body of scientific knowledge upon which critical decisions governing risk pooling and geographic diversity of insurance portfolios are made,” said Steven Stichter, CEO, Kinetic Analysis. “As a company, we are particularly gratified to see our modeling tools successfully utilized in a meaningful way that addresses real-world issues confronting federal and state governments in protecting their populations and infrastructures.”
About Kinetic Analysis Corporation
Kinetic Analysis Corporation is a leader in multi-model impact forecasting and risk assessment for catastrophic events. Based on a pioneering approach that uses the best techniques from scientific literature and current event information, Kinetic Analysis produces detailed, site-specific hazard and impact information for active events to support real-time decisions. It employs the same, globally consistent multi-model platform to produce high-resolution hazard and loss assessments for improved long-term risk management.
©Copyright 1997-
, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.
Posted in Derivatives | Tags: Benefits, Catastrophic, Deliver, Events, Finds, Major, MultiState, Pools, Risk, Significant, Study, Tropical | 4 Comments »