Public cloud services market generates $US545.8 billion

Microsoft, Amazon, Salesforce Inc., Google, and Oracle dominate market The public cloud services market experienced substantial growth in 2022, reaching a total revenue of $US545.8 billion, according to the International Data Corporation (IDC) Worldwide Semi-annual Public Cloud Services Tracker. Software as a Service – Applications (SaaS – Applications) accounted for…

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Worldwide banking and investment services IT spending

Focused on software and cloud investments The worldwide banking and investment services industry is poised to witness a significant increase in IT spending, with a forecasted total of $US652.1 billion in 2023, marking an 8.1 per cent rise from the previous year, according to Gartner, Inc. Notably, the largest growth…

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Consumer adoption and potential of generative AI

Generative ai consumers are most satisfied with chatbots, gaming, and search use cases. According to a report by Capgemini Research Institute titled “Why consumers love generative AI,” a majority of consumers (51 per cent) are aware of the latest trends in generative AI and have explored the tools. The adoption…

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Malaysia and China to collaborate on AI research

Malaysia is among the 14 countries participating in this prestigious program Zetrix, a public blockchain platform developer from Malaysia, has partnered with Universiti Malaya (UM) and China Academy of Information and Communications Technology (CAICT) to collaborate on cutting-edge Artificial Intelligence (AI) technology. This collaboration is part of an ongoing intergovernmental…

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FIIG securities response to cyber incident

Russian hackers claim responsibility for the incident Australian bond broker FIIG Securities has confirmed that it was the target of an unauthorized cyberattack, resulting in the breach of personal information. The company has taken immediate action by launching an investigation, engaging third-party cybersecurity experts, and isolating affected systems. Upon discovering…

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Worldwide government IT spending to grow 8 per cent

Governments are increasing digital investments According to Gartner, worldwide government IT spending is projected to reach $US589.8 billion in 2023, representing a 7.6 per cent increase from 2022. Government organizations are facing challenges such as inflation, workforce scarcity, and competition from the commercial sector, which are testing their abilities to…

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Telstra connects with Profectus Group’s audit expertise

Profectus will conduct audits of invoices from one of Telstra’s suppliers Profectus Group, a technology-driven services provider specializing in compliance and recovery solutions, has entered into an agreement with Telstra, Australia’s largest telecommunications provider. The collaboration aims to help Telstra identify instances of overcharging by its suppliers. Telstra offers a…

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Brisbane Airport Corporation scales up its security operations

BNE has valuable assets to protect from increasingly frequent and sophisticated cyberattacks Brisbane Airport Corporation (BAC) operates Brisbane Airport (BNE), a vital part of Australia’s critical infrastructure that helps employ thousands of Queenslanders and contributes more than $US4 billion to the economy. The third-largest airport in the country by passenger…

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China’s ICT spending for developing and operating

Digital businesses will total over $US2 trillion over the next four years IDC shared, during its IDC Directions event in Shenzhen, that China’s ICT spending for developing and operating digital businesses will total over US$2 trillion over the next four years. IDC shared expert insights, intelligence, and guidance to hundreds…

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