EDB and IMDA supporting digital economy and sustainability goals Singapore’s Economic Development Board (EDB) and Infocomm Media Development Authority (IMDA) have announced the awarding of approximately 80 MW of new capacity to four data centre operators through the pilot Data Centre – Call for Application (DC-CFA) exercise. This move is…
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Top 25 global banks experience a 3.8 per cent increase indicating market recovery The aggregate market capitalization (MCap) of the top 25 global banks has witnessed a growth of 3.8 per cent to reach $US3.3 trillion during the second quarter (Q2) ended on 30 June 2023, according to GlobalData, a…
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Xero leads the way as demand for cloud-based solutions surges According to the latest IDC Market Share report titled “Asia/Pacific (excluding Japan) Financial Applications Market Share, 2022,” Xero has emerged as the leader in the Asia/Pacific (APeJ) financial applications market for SMB and midmarket segments. The region witnessed a substantial…
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Weak demand, inventory challenges, and cautious spending impact PC industry Preliminary results from the International Data Corporation (IDC) Worldwide Quarterly Personal Computing Device Tracker reveal that global PC shipments declined by 13.4 per cent year over year during the second quarter of 2023 (2Q23). This marks the sixth consecutive quarter…
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Global public cloud platform providers are rapidly entering the low-code market In the era of digital transformation, the demand for accelerated app development and intelligent automation has led innovative enterprises to explore the potential of emerging technologies. According to a report by GlobalData, a leading data and analytics company, Microsoft…
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APAC electrified vehicle market is projected to reach 23.8 million units by 2026 The Asia-Pacific (APAC) region is set to experience a significant surge in the adoption of electric vehicles (EVs) over the coming years, driven by advancements in battery technology, the expansion of charging infrastructure, favorable government policies, increasing…
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Health-conscious Indians are becoming more mindful of their sugar and calorie intake The COVID-19 pandemic has sparked a heightened focus on food safety and hygiene among consumers worldwide. In India, this trend, coupled with concerns about short shelf-life, is projected to create significant growth opportunities for packaged street-selling juices. According…
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The rebound in wearable device shipments underscores the resilience of the market After experiencing its first-ever decline in 2022, the worldwide shipments of wearable devices are projected to bounce back in 2023, reaching a total of 504.1 million units, according to the latest data from the International Data Corporation (IDC)…
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Chatbots are not consistently meeting customers’ needs and goals A recent survey conducted by Gartner, Inc. unveiled that only 8 per cent of customers utilized a chatbot during their most recent customer service experience. Furthermore, of those who did interact with a chatbot, only 25 per cent expressed their willingness…
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Starting with an inter-network roaming service trial China, a global leader in 5G technology, is set to strengthen its position further as it plans to add over 600,000 5G base stations by the end of 2023, reaching a total of 2.9 million, according to recent research conducted by Omdia. The…
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