Vodafone announced the findings of its latest IoT Barometer. Surveying 1,758 businesses worldwide, the Barometer finds that more than a third (34%) of businesses now use IoT, that 70% of these adopters have moved beyond pilot stage and 95% of adopters are seeing the benefits of investment in this technology as it moves into the mainstream. While use cases for IoT are varied, ranging from medical exoskeletons to connected tyres, the research has found that IoT impacts businesses regardless of size and sector. Sixty per cent of businesses that use IoT agree that it has either completely disrupted their industry…
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By 2021, Artificial Intelligence (AI) will allow the rate of innovation and employee productivity improvements in Singapore to nearly double according to business leaders in Singapore. The study from Microsoft and IDC Asia/Pacific, Future Ready Business: Assessing Asia Pacific’s Growth Potential Through AI surveyed over 104 business leaders and over 102 workers in Singapore. While more than 80% of business leaders polled agreed that AI is instrumental for their organisation’s competitiveness, only 59% of organisations in Singapore have embarked on their AI journeys. Those organisations that have adopted AI expect it to increase their competitiveness 1.7 times by 2021. “Today,…
Gemalto revealed data that only around half (48%) of businesses can detect if any of their IoT devices suffers a breach. This comes despite companies having an increased focus on IoT security: Spending on protection has grown (from 11% of IoT budget in 2017 to 13% now); Nearly all (90%) believing it is a big consideration for customers; and Almost three times as many now see IoT security as an ethical responsibility (14%), compared to a year ago (4%) With the number of connected devices set to top 20 billion by 2023, businesses must act quickly to ensure their IoT breach…
The Internet of Things (IoT) is a paradigm shift reshaping the way businesses operate. Today, over 8.4 billion ‘things’ are connected, and this is forecast to amount to over 20 billion connected devices by 2020. It can be argued that IoT has now firmly displaced Big Data at the peak of the hype cycle, and for good reason. Fueled by the rapid expansion of internet-connected devices, IoT and operational technology (OT) significantly improve business efficiencies, reduce costs and streamline tasks. For this reason, IoT/OT will continue to have a widespread impact and rapid adoption across multiple industries, including financial services.…
The Internet Society, a global non-profit organization dedicated to ensuring the open development, evolution, and use of the Internet, unveiled today the fifth installment of its APAC survey on Policy Issues. This year’s edition of the annual survey by the Internet Society found that Internet users in Asia-Pacific want security and privacy guarantees for the Internet of Things (IoT) – the rapidly expanding network of devices, physical objects, services and applications that communicate over the Internet. With IoT devices rapidly gaining traction in the region, the majority of respondents indicated they already own IoT devices and have plans to purchase…
Standard Chartered and Huawei announced that they are developing an Internet of Things powered solution that could revolutionise the way corporates communicate with banks for financing or payments. Rather than corporates having to manually initiate these transactions through paper-based or emailed instructions, corporates’ and banks systems will be able to ‘speak’ to each other in real-time, triggering financing or payment instructions through Application Programming Interfaces (APIs). The solution combines IoT and cloud capabilities so the bank will be able to track the movement of goods on a real-time basis, reducing operational risks and providing reliable data that can be used…
A new global research study conducted by the Ponemon Institute on behalf of Aruba, a Hewlett Packard Enterprise company , has found that the majority of IT security teams believe that a key gap in their company’s overall security strategy is their inability to identify attacks that use IoT devices as the point of entry. In fact, more than three-quarters of respondents believe their IoT devices are not secure, with 75 percent stating even simple IoT devices pose a threat. Two-thirds of respondents admitted they have little or no ability to protect their “things” from attacks. The Ponemon Institute study,…
Google Hong Kong released the second edition of the Smarter Digital City Whitepaper. The research, conducted by Ipsos, takes an in-depth look at the progress of consumers’ perceptions of a Smart City and their technology adoption in everyday life; as well as the progress of business digital transformation in the past year. The pace of digitalisation in Hong Kong presents a conundrum. There has been only a slight increase in the Consumer Digital Index (CDI) compared to last year, but a significant leap in the CDI for the 55 – 64 age group. Only 30% of local residents consider Hong…
The worldwide smart home devices market is expected to grow 31% year over year in 2018 to 643.9 million shipments, according to the International Data Corporation (IDC) Worldwide Quarterly Smart Home Device Tracker. The entire smart home market, comprised of smart speakers, video entertainment products, connected lighting, smart thermostats, and home monitoring/security products, is forecast to be nearly 1.3 billion devices by 2022 with a five-year compound annual growth rate (CAGR) of 20.8%. The fastest growing category with a five-year CAGR of 39.1%, accounting for almost 100 million units in 2018 and 230.5 million by 2022, will be smart speakers such…
UiPath, an Enterprise Robotic Process Automation (RPA) software company, has closed its series C funding raising $225 million at a valuation of $3 billion. The round was co-led by existing investor CapitalG and new investor Sequoia Capital Accel, which led both UiPath Series A and B rounds also participated in this round. UiPath is likely to be the fastest growing enterprise software company in history. The company announced in early July that it had increased its annual recurring revenue from $1M to $100M – a feat which it believes no other enterprise subscription software business has accomplished in such a short time. UiPath counts more…