The leading types of incidents were network or data breaches Cybersecurity resilience is a top priority for companies as they look to defend against a rapidly evolving threat landscape, according to the latest edition of Cisco’s annual Security Outcomes Report launched today. Titled, Security Outcomes Report, Volume 3: Achieving Security Resilience,…
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Customer experience in financial services industry declining
Many financial services firms have been creating entirely digital experiences According to Forrester’s 2022 Australia Customer Experience Index (CX Index™), the customer experience quality of both the banking and superannuation industries have declined significantly, with the average CX scores falling from 69.2 to 60.5 and 66.7 to 62.5 (on a…
Read MoreSurge in fraud as digital transactions dominate
Digital fraud has grown as economies around the world re-opened in 2022 LexisNexis Risk Solutions released the results of its first Global State of Fraud and Identity Report, exploring research and insights from industry experts on recent statistics and trends from our industry-recognized studies on the Global True Cost of Fraud…
Read MoreChengdu promotes digital transformation
Manufacturing industry in Xinjin is undergoing a digital transformation The district has set up an industrial functional zone called Tianfu Mushan Digital New City along the axis of Chengdu Metro Line 10. Focusing on digital twin technology and artificial intelligence, it aims to cultivate an industrial cluster revolving around digital…
Read MoreFirst hype cycle for emerging technologies
Iterative cycles of improvement will cover a broader range of processes and responsibility The finance function is changing quickly – with the support of new technologies, particularly artificial intelligence (AI) and machine learning – into an environment where people and machines collaborate to transform finance and business capabilities, drive process efficiency, and…
Read MoreTsinghua’s Labs breakthroughs in sci-tech innovation
Tsinghua University developed China’s own brain pacemaker system In recent years, China has made major breakthroughs in many areas of innovation. In 2012, it ranked 34th on the Global Innovation Index and rose to 12th in 2021, successfully joining the ranks of innovative countries. Its establishment of a technological and industrial innovation…
Read MoreSingapore plans to become a leader in digital sustainability
IMDA and Microsoft to power green software solutions development Singapore’s Infocomm Media Development Authority (IMDA) is collaborating with Microsoft to accelerate the development of innovative sustainable software solutions across industries in Singapore and beyond. This first-in-the region private-public partnership will look to ensure that underlying software and applications are also sustainable in nature.…
Read MoreChina calls for digital cooperation
The Chinese president said the digital gap must be bridged Building global consensus and bolstering confidence in world economic recovery is a critical task for the 17th G20 Summit, with the theme “Recover Together, Recover Stronger.” As a new driving force for global economic growth, the digital economy has great…
Read MorePractice and policy ensure a safer digital economy
Ranking of the world’s 20 largest and most digitally forward economies Produced by MIT Technology Review Insights in association with Code42, the Cyber Defence Index 2022/23 (CDI) is the first annual comparative ranking of the world’s 20 largest and most digitally forward economies on their preparation against, and response and…
Read MoreNew subsea cable system to boost connectivity
In the Digitalisation Era, Asia Link Cable is critical for connecting and creating value A consortium of telecommunication companies has signed agreements to invest about $US300 million for a submarine cable system in Southeast Asia that aims to boost data capacity in the region and upgrade local capacities. The group is composed of China…
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