Spending to reach US$4.29 billion by 2024. The spending on AI by the financial services sector in Asia Pacific is estimated to grow at a compound annual growth rate (CAGR) of 22.1 per cent in the 2019–2024 period to reach US$4.29 billion in 2024. Currently, the financial services spending in…
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Few countries have dedicated local bodies for sanctions enforcement. During COVID-19, the speed and frequency of change in economic and trade sanctions regimes from major international regulators has increased the complexity associated with financial crime and trade compliance, at a time when APAC organisational resources may already be stretched thin,…
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IDC semiannual telecom service tracker predicts slight drop in consumer YoY. Despite the rise in Internet services, COVID-19 will have no impact on Worldwide Telecommunications Services and Pay TV Spending in 2020, according to analyst firm IDC. In the latest IDCÂ Worldwide Semiannual Telecom Services Tracker, worldwide spending on telecommunications and…
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COVID-19 amplifies ongoing and new security concerns in the region. Existing trends in cybercrime and the need for businesses to adopt emerging technologies to drive transformation have been fast-tracked by the COVID-19 pandemic, making it vital to fill skills shortages with industry-partnered digital education delivery. Two of the largest emerging…
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Business agility and the need for speed from IT are fueling growth in cloud computing in Asian countries. In its report  IDC FutureScape : Worldwide Cloud 2020 Predictions — APEJ Implications, survey results indicate that at least 91 per cent of enterprises’ spending on cloud was set to increase. Among…
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New realities in the working world are here to stay Countries around APAC are starting to phase slowly back into normalcy with additional safety measures like COVID-19 tracking apps for citizens. However traditional businesses have had to adapt to new realities of a post-virus world and the implications for CIOs…
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Research shows companies in the region could miss out on US$145bn in GDP growth in the next decade. Up to three in five businesses in the Asia Pacific region have put off digitalisation plans out of fear of cyberattacks, according to the Deloitte Cyber Smart: Enabling APAC businesses report, commissioned by VMware. The…
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