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Sarath.Chandra@globaldata.com

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  • Author: Sarath.Chandra@globaldata.com

IPTV services to partially offset steady losses in cable and DTH service segments in South Korea pay-TV market, forecasts GlobalData

Pay-TV service revenue in South Korea is set to grow, albeit marginally, at a compound annual growth rate (CAGR) of 0.2% from $5.55 billion in 2022 to $5.6 billion in 2027, primarily supported by the increasing internet protocol television (IPTV) subscriptions, according to GlobalData, a leading data and analytics company. GlobalData’s South Korea Pay-TV Forecast […]
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Generative AI revolutionizes customer experience, automation, security in financial services industry, says GlobalData

Generative AI is revolutionizing the financial services industry by offering personalized customer experiences, enhanced decision-making capabilities, and efficient automation of processes. By analyzing vast volumes of data, generative AI enables financial institutions to adapt to the changing conditions, and detect and prevent fraud, says GlobalData, a leading data, and analytics company. Manish Dixit, Practice Head […]
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Microsoft AI updates at Build developer conference propel innovation, reinforce leadership, opines GlobalData

Following the news that Microsoft has unveiled a series of AI updates during its annual Build developer conference in Seattle to make both Bing and ChatGPT smarter; Kiran Raj, Practice Head of Disruptive Tech at GlobalData, notes: “Microsoft’s latest AI tools underline its strategic push to revolutionize the tech landscape and outperform competitors. The tech […]
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Startups pose threat to big tech as race to monetize generative AI gathers momentum, says GlobalData

The race to commercialize and monetize generative AI is stirring intense competition within the industry, with a looming question mark over whether hyperscale cloud providers or nimble startups will emerge victorious. Small-scale contenders possess an advantage, harnessing their ability to construct highly customizable Gen AI models. This prospect presents a potential threat to big tech […]
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Fixed broadband to drive Indonesia fixed communications service revenue at 7.6% CAGR through 2027, forecasts GlobalData

The Indonesia’s fixed communications services market revenue is set to increase at a compound annual growth rate (CAGR) of 7.6% from $1.2 billion in 2022 to $1.7 billion by 2027, mainly driven by the strong growth in fixed broadband service adoption, according to GlobalData, a leading data and analytics company. GlobalData’s Indonesia Fixed Communication Forecast […]
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Ripple diversifies hiring strategy away from US in line with evolving regulatory landscape, observes GlobalData

The blockchain industry is subject to varying regulatory frameworks across different countries. Resultantly, companies operating in the space often adopt hiring strategies with a shift in focus towards countries with conducive regulatory environment. Ripple, a blockchain technology company, also seems to have had its hiring activity focus shifting away from the US to other countries […]
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AI hallucination debate among social media influencers surges as concerns mount over reliability of GenAI tools, reveals GlobalData

The rise of generative artificial intelligence (AI) tools with large language models (LLM) such as ChatGPT, Bard, and Bing, has ignited a spirited discussion among Twitter and Reddit influencers. Dubbed the “AI hallucination debate,” it centers around concerns regarding the accuracy and reliability of information generated by these tools, fueling calls for ethical oversight and […]
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Ultomiris, Hemlibra, Vafseo instrumental in driving hematological disorders market, reveals GlobalData

The hematological disorders market is undergoing an impressive surge in sales, cementing its position as the fastest-growing therapy area for the second consecutive year. Notably, this growth is not evenly distributed, with 45% of the sales growth being driven by just three drugs: Alexion Pharmaceuticals’s Ultomiris (ravulizumab-cwvz), Genentech’s Hemlibra (emicizumab-kxwh), and Akebia Therapeutics’s Vafseo (vadadustat), […]
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Germany economic growth faces inflationary pressures, but industrial sector signals hope, reveals GlobalData

The persistent inflationary pressures in Germany are still impacting the consumer spending and domestic demand. Moreover, the subdued outlook for external demand is expected to further dampen trade prospects. Considering these circumstances, the country’s economic growth is set to decelerate from 1.8% in 2022 to 0.1% in 2023. Nevertheless, there are encouraging developments in the […]
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VC funding by China startups plummets 44.8% YoY, but outperforms global markets, during January-April 2023, reveals GlobalData

The venture capital (VC) funding received by startups in China experienced a significant decline of 44.8% year-on-year (YoY) during January-April 2023, reaching a total of $11.6 billion. This marks a stark contrast to the corresponding period in 2022, when the deal value amounted to $21.2 billion. However, despite this downturn, China has managed to outperform […]
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Tech giants advance in generative AI with multifaceted approach, says GlobalData

As the global appetite for generative artificial intelligence (GenAI) reaches unprecedented levels, technology behemoths such as Microsoft, Google, Meta, and Amazon are not merely allocating substantial resources to develop novel GenAI models but are also actively pursuing advancements in product offerings, foundational infrastructure, and strategic collaborations to strengthen their positions across the GenAI technology spectrum, […]
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GlobalData report finds cybersecurity, AI as top themes for Google as it looks to push boundaries with Generative AI

Google’s recent announcement of integrating generative artificial intelligence (AI) models into its cloud platform and workspace highlights its dedication to bolstering cybersecurity. With a focus on generative AI, AI applications, workspaces, APIs, and cybersecurity, Google is taking the lead in adopting the latest technologies like PaLM and LaMDA. This pivotal step paves the way for […]
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