The latest Global Interconnection Index (GXI Vol. 5), an annual market study published by Equinix, reveals that the pandemic has forced economies into digital overdrive, with digital leaders, businesses who were already implementing a digital-first strategy, moving four times faster than pre-pandemic levels.
These businesses in Asia-Pacific have compacted the time to deploy...
The Singapore Business Federation (SBF) launched the ‘Greater Together: Two Economies, One EcoSystem’ report at the Johor-Singapore Special Economic Zone (JS-SEZ) Joint Investor Forum, which revealed overwhelming interest in the proposed Johor-Singapore Special Economic Zone. The forum was jointly organised by SBF and Invest Johor and attended by around...
Since ChatGPT emerged, Generative AI (GenAI) development and deployment have been gaining significant momentum in Asia and Oceania, Omdia's Generative AI in Asia & Oceania – 2024: Democratization through localization report indicates that software revenue for GenAI in this region is estimated to be around $3.4 billion by the end of 2024 but is projected to exceed $18...
Omnichannel commerce has seen significant growth over the last few years. This was induced by global lockdowns and social distancing measures, changes in consumer behavior, and the emergence of new technologies.
The omnichannel shopping surge has amplified shopper expectations while putting new demands on inventory and fulfillment. And this has...
Talk of a global recession has been hogging headlines and conversations. In Singapore, the latest data from the Ministry of Trade and Industry showed the local economy shrinking 0.4% from the previous quarter, triggering comments from analysts that a potential technical recession is on the way.
SMEs, which make up...
Akamai Technologies, Inc has revealed that 96% of channel partners in Australia and New Zealand (ANZ) agreed that cloud is important to their customers' 2023 strategy, with most respondents (48%) estimating that 21-40% of IT budgets would be spent on cloud.
The findings are in line with results of the survey that found that...
A dipstick poll conducted by financial services group DBS has revealed that SMEs in Singapore are looking to the government to give them a leg-up in supporting their business growth this year. Eight in 10 said they are expecting more business incentives to be announced at the upcoming Budget...
Tripwerkz, like many start-ups in today’s digital landscape, was born in the cloud. A travel technology company providing online travel booking services, the company has benefited from the cost-effective, flexible and scalable solutions offered by cloud infrastructure. At the same time, they work with OVHcloud to ensure they can...
Many of us expected 2023 to mark the comeback of the global economy following the pandemic. However, inflationary pressures from rising interest rates and geopolitical turbulence continue to weigh in. Amidst the ongoing uncertainty, business owners in Southeast Asia can find solace in the e-commerce sector, which continues to...
The Asian Development Bank (ADB) has received $12.6 million of funding for 2018 to 2020 from the Women Entrepreneurs Finance Initiative (We-Fi) to generate more resources for Sri Lankan women-led businesses.
The grant—one of three awarded under the inaugural call for proposals—enhances ADB’s support for women-led small and medium-sized enterprises...
