Deployed well, data can empower tactical initiatives, streamline operations, clarify strategies across the organization, and help meet the fluid expectations of customers. But breaking with the past and pivoting towards a data-driven future is often easier said than done.
What strategies and approaches have worked for Asia Pacific firms in their journey to successful digitalization and deriving more value from their data? At a virtual event with Snowflake and CDOTrends, participants discussed their data strategies, the impact of the ongoing pandemic on digitalization, and why the cloud is perfect for facilitating data-centric initiatives and capabilities.
Weiterlesen: Asia Pacifi: Advancing Your Data, Digitalization Strategy Through the Cloud
Increasing government focus on such initiatives is driving demand for digital IoT solutions in areas such as e-government, smart traffic management and smart power grids.
Smart cities spending is expected to propel growth of Asia-Pacific’s Internet of Things (IoT) market to reach nearly $437bn in revenue by 2026, new analysis finds.
This is up from just under $97bn in 2020, growing at a compound annual growth rate (CAGR) of 28.52 per cent and is being driven by growing investments in 4G/LTE and 5G, reduced IoT sensor costs, and government support.
Weiterlesen: Smart cities to fuel growth of Asia-Pacific IoT market
Healthcare technologies will be a greater priority among IoT service providers once the disruptions caused by the COVID-19 die down, according to Forrester Research. Based on its latest figures, only 7% of the work that major IoT service providers deliver in APAC is on Smart Healthcare.
“The crisis has triggered a lot of ideas and solutions, however there was simply no time to look at a more strategic approach for both the technologies and the processes. This will be the focus of governments, health care providers, and others, once the acute crisis is behind us,” said Achim Granzen, principal analyst at Forrester, told FutureIoT.
Weiterlesen: APAC: IoT developers to focus more on smart healthcare post-COVID-19
The Paypers has interviewed Joseph Chan, CEO & Founder of AsiaPay, to learn more about the digital transformation in APAC and the move towards cashless societies
Q: In 2020, the payments industry had to adapt to the swift growth registered by the ecommerce industry. How well is the APAC payments infrastructure equipped to support this move towards digital?
Nowadays, more and more global retail and hospitality brands gear up their regional pan-APAC digital transformation plan to boost sales and services. They aim to address cultural diversity and the main developments happening at a different pace across Asian countries, the fragmented ecommerce market, and payment adoption (e.g., credit card adoption in Hong Kong or Singapore is greater than 90%, while in Indonesia, Vietnam, or Myanmar it is less than 5%). Moreover, with a more digital-ready young generation, a pan-APAC payment platform for businesses and banks would play an important role in future.
The report said a wider collaboration among various stake-holders such as government agencies, technology vendors and users, is desired to drive these missions successfully.
Smart city initiatives in the Asia Pacific will not reach their potential if they focus on delivering cutting-edge technologies without paying enough attention to the needs and experiences of citizens, according to a report ‘Smart Cities Success: Connecting People, Proptech and Real Estate’, released by leading real estate consultant JLL on Wednesday.
Weiterlesen: Asia-Pacific: ‘Smart city projects need to be human-centric’