GlobalData stories - Page 2

"These companies have been agile in rolling out new operational and strategic plans to continuously serve customers in new-normal situations."

Companies are leveraging digital technologies in the supply chain to create new disruptive product offerings, services and business models.

“The pandemic greatly increased the awareness of wearable devices as their use cases increased. This has resulted in an increase in device innovation as more companies race to develop new ways to cash in and help limit the spread of the virus.”

New reports have found one in three Australian IT enterprises are considering implementing the technology within the next 12 months.

The decline is opposed to the 9.4% growth initially forecasted before the COVID-19 outbreak.

Almost all products/solutions categories are expected to witness reduced demand in 2020, as compared to the high growth projections before the outbreak.

New research from GlobalData found that the industry will recover after this initial slump to be worth almost US$238 billion by 2030.

"Moving forward, Malaysian enterprises will need to adopt new technology, restructure their business and workforce and undertake a transformation of their digital infrastructure, all of which will be essential for the recovery of the ICT market of Malaysia.”

New research from GlobalData has revealed the extent to which IT vendors have wrestled with layoffs, pay cuts and furloughs - and more pain is on the horizon, according to the company.

“To enhance operational efficiency, enterprises are leveraging robotic process automation to automate their processes such as payroll processing, customer support, new employee onboarding, order processing, SMS and email monitoring, and CRM updates,”

CompTIA has unveiled its annual list of emerging technologies ranked by the ability to generate new business and revenues.

All across the region, governments have unveiled policies to bolster AI development, while organisations harness it to streamline processes and enhance productivity.

“Key verticals like banking and financial, healthcare and manufacturing sectors are witnessing a surge in demand for cloud computing-based solutions, owing to features like remote data storage capabilities and provisioning of privileges for hosted applications.”

Asia Pacific technology vendors must repurpose their product offerings for business continuity and digital transformation if they want a fast recovery from the COVID-19 crisis.

The Asia Pacific region led activity in terms of value with deals worth $26.56bn.

Sentiment towards Sony has taken a nosedive during the first quarter of 2020, with ongoing struggles in its music and gaming behind the decline. 

Alternative reality is set to become more popular with enterprise customers as immersive technologies open up more opportunities for businesses.

New research from a recently released report from GlobalData suggests that the delay of spectrum allocations and auctions due to health and financial concerns is more directly linked to the slowdown in operators’ rollout plans than previously thought.

“Hackers will continue to target vulnerable systems as long as there are profits to be made: from selling the stolen patient’s data to holding the healthcare systems hostage until the criminals’ demands are met.”

"At this point, where it is critical for enterprises to rapidly respond and remain sustainable, digital transformation has emerged to be the silver lining."

"Autonomous robots are playing a vital role in supporting essential businesses and their workers during this health crisis."

By the mid-2020s, the market for edge computing will reach US$5.8 billion in the Asia Pacific (APAC) region alone, where the industry is seeing significant interest and a potential surge in revenue.

23 of the top 25 tech companies have reported a major quarter-on-quarter decline in market capitalisation for Q1 2020, according to new research.

“During this period, vendors should leverage government framework and policies along with inorganic/organic growth strategies to create a digitised environment and develop digital capabilities."