CFOtech Asia - Technology news for CFOs & financial decision-makers

GlobalData stories

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Telstra switches on low band 5G network for commercial use
Thu 11 Mar 2021
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byod
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mobility
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mdm
“The addition of low band 5G to our network is going to offer greater depth to our 5G coverage and help us bring 5G to some hard to reach places."
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COVID-19 fuels eCommerce market in Australia
Mon 22 Feb 2021
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martech
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commerce systems
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globaldata
"A significant rise in consumer preference for online channels during the pandemic coupled with proliferation of online retailers and customised payment solutions will further drive eCommerce growth in Australia.”
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Merger and acquisition activity recovers from COVID-19 setback
Thu 28 Jan 2021
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tencent
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mergers and acquisitions
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globaldata
“M&A activity is expected to continue at a high level throughout 2021 by the likes of Tencent and companies that focus on their key technologies and adjust to the realities of the COVID-19 pandemic.”
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COVID-19 inspires fintech innovations worldwide
Fri 22 Jan 2021
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fintech
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innovation
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globaldata
As COVID-19 continues to create economic uncertainty, several fintechs have started to realign their growth strategies, the analysts state.
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Top 25 global tech companies hit $11.1 trillion in market cap in Q3 2020
Thu 21 Jan 2021
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apple
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technology gifts
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wireless networks
$1.3 trillion was added to the top 25 global technology companies’ cumulative market capitalisation in Q3 2020 alone.
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Price of Bitcoin reaches all-time high in 2020
Wed 23 Dec 2020
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cryptocurrency
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blockchain
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bitcoin
Bitcoin's epic bull run is backed by strong investor interest, according to new research from analyst firm GlobalData.
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GlobalData: Machine learning a hot topic amongst AI influencers
Fri 4 Dec 2020
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ai
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ml
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data science
As well as machine learning, big data and data science emerged as the most mentioned trends among the AI influencer discussions.
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IT consulting services revenue to hit US$100bn mark by 2024
Tue 24 Nov 2020
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consulting
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financial results
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globaldata
"Despite the negative impact of the COVID-19 outbreak, APAC might be quicker to bounce back compared to other regions owing to agile delivery and support capabilities to the global enterprises.”
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AR and VR presents huge potential for construction industry, but businesses slow to adopt
Mon 23 Nov 2020
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vr
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construction
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globaldata
According to GlobalData, the construction industry is slowly shifting from years of the wait-and-watch stance to adopting digital technologies to improve the overall project lifecycle from conceptual design to construction.
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Rising threat of data breaches among enterprises drives growth in network security revenue
Thu 19 Nov 2020
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network management
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network security
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firewall
"Key factors leading to the growth of network security market revenue in the Asia Pacific region includes instances of ransomware attacks, targeted attacks and phishing."
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APAC network access control market growing rapidly
Mon 16 Nov 2020
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nac
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globaldata
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market analyst
Network access control revenue in the Asia-Pacific (APAC) region is estimated to reach US$709 million in 2024, according to GlobalData.
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Enterprise driving spend in data and content management solutions across APAC
Thu 12 Nov 2020
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ecm
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martech
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it spending
The revenue growth is driven by the rise in enterprises' need to organise, categorise and structure content in a meaningful manner.
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Report: Power utilities increasingly at risk of devastating cyber-attacks
Fri 9 Oct 2020
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cybersecurity
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iot
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cybersafety
“Utilities’ existing systems are becoming increasingly connected through sensors and networks, and, due to their dispersed nature, are even more difficult to control.”
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Singapore's Government invests heavily in ICT market following COVID-19
Tue 6 Oct 2020
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iaas
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ict
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digitisation
Singapore has pledged to continue investing in innovation and technology in an attempt to revive the economy and create new business and employment opportunities.
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IaaS revenue to reach $39 billion across APAC
Wed 30 Sep 2020
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iaas
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cloud data center
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globaldata
Increased government spending to modernise the existing IT infrastructure and  agrowing shift towards server virtualisation are the major factors likely to boost the growth of the IaaS market in the region.
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IBM, Alphabet and well-funded startups in the race for quantum supremacy
Fri 25 Sep 2020
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quantum computing
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innovation
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ibm
"It may not come as a surprise that quantum computing one day replaces artificial intelligence as the mainstream technology to help industries tackle problems they never would have attempted to solve before.”
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China to hit US$63.7bn in cloud computing revenue by 2024, dominating APAC market
Tue 22 Sep 2020
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cloud
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financial results
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china
China is set to dominate Asia Pacific (APAC) cloud computing market revenue in the lead up to 2024, with one-third revenue market share, according to GlobalData’s Market Opportunity Forecasts Model.
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APAC network-attached storage revenue to reach $8.9 billion
Fri 18 Sep 2020
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storage
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bi
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big data
Network attached storage has emerged as a viable alternative to the traditional storage mechanism in the Asia Pacific.
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Application management revenue to reach $21.5bn across APAC
Thu 17 Sep 2020
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digitisation
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application management
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globaldata
"Application management will be among the primary requirements of enterprises."
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Enterprise storage market knocked by COVID-19, but may bounce back
Wed 16 Sep 2020
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storage
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bi
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big data
The overall APAC storage market revenue is now expected to grow at a CAGR of 5.5% during 2019-2024, compared to the previous forecast of 14.6% before the COVID-19 outbreak.
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COVID-19 features to drive smartwatch sales
Tue 15 Sep 2020
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globaldata
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smartwatch
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covid-19
"New age customers are becoming health conscious and preferring devices with advanced features."
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Fintech innovation set to play huge role in cloud computing market, study finds
Tue 15 Sep 2020
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cloud
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fintech
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innovation
"The integration of cloud computing into banking solutions is anticipated to play a crucial role in transforming the banking sector in the forthcoming years.”
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Operational efficiency and cost reduction key to robotic process automation adoption across APAC
Mon 14 Sep 2020
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rpa
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globaldata
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covid-19
"RPA relieves human workers of their repetitive daily tasks by processing workflow much quicker and consequently more efficient."
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COVID-19 features to further drive smartwatch uptake in APAC
Fri 11 Sep 2020
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globaldata
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smartwatch
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covid-19
The outbreak of the COVID-19 pandemic has led to reduced consumer spending in consumer electronics devices, resulting in the low adoption of smartwatches in 2020, according to new figures released by GlobalData.
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