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Given the far-ranging environmental and health effects of greenhouse gases, achieving net-zero emissions (net-zero global economy by 2050) has emerged as the top agenda for countries and corporates. Against the backdrop, decarbonatization startups give a new lease of life to corporates by enabling them to align with sustainable development goals (SDGs), says GlobalData, a leading […]
Need to acquire digital talent transcends industries, finds GlobalData
Enterprises are increasingly hiring senior executives beyond their traditional boundaries to accelerate digital transformation and maintain a competitive edge. The trend has become more pronounced during the COVID-19 pandemic, finds GlobalData, a leading data and analytics company. Venkata Naveen, Senior Disruptive Tech Analyst at GlobalData, comments: “The proliferation of freely available data has vouched for […]
GlobalData uses proprietary ML algorithms to identify future unicorns
Given that there is a global startup revolution, the billion-dollar valuation of startups has emerged as a key indicator of their success. GlobalData, a leading data and analytics company, uses proprietary machine learning (ML) algorithms to accurately identify promising future unicorns (private and valued at US$1bn or more). GlobalData’s Disruptor Intelligence Center published the first […]
Digital twins unlocking next wave of innovation across industries, says GlobalData
The convergence of emerging technologies like artificial intelligence, the Internet of Things and big data is driving the adoption of digital twins across industries to build products, monitor assets, optimize maintenance, and reduce downtime, says GlobalData, a leading data and analytics company. Kiran Raj, Principal Disruptive Tech Analyst at GlobalData, comments: “The digital twin technology […]
3D printing unlocks new design and manufacturing use cases across industries, says GlobalData
As industry 4.0 evolves, 3D printing has emerged as one of the key enabling technologies driving advancements across industries. The 3D printing industry is unlocking new use cases in production, planning & design and R&D by enabling industries to flexibly work with numerous plan selections in terms of design complexities, easy replication and design modifications […]
Digital savvy companies stay relevant to customers in post-pandemic era, says GlobalData
Prior to the COVID-19 pandemic, a paradigm shift towards digitization was already underway across the sectors. However, the pandemic has further accelerated the transformation, which is evident by the marked growth in spending towards digitization by businesses. Against this backdrop, companies with agile digital strategies will be able to reinvent their business models and stay […]
Artificial intelligence tops patent filings in 2020, finds GlobalData
Innovations enabled by artificial intelligence (AI) are growing at a strong pace, which is evident from the technology taking the top spot in the patent filings of 2020. The need to automate business processes to improve efficiency and control costs across industries is fueling the surge in AI patent filings by tech giants and enterprises, […]
Insurers partner with paytechs to widen distribution in India, finds GlobalData
Amid the COVID-19 pandemic induced push towards digitization, there are opportunities for insurance companies to identify new distribution channels. Insurers in India, for instance, are increasingly collaborating with payment tech companies (paytechs) to sell their policies and sustain growth, says GlobalData, a leading data and analytics company. Ayushi Tandon, Senior Fintech Analyst at GlobalData, comments: […]
COVID-19 key driver to reinvent fintech businesses, says GlobalData
As the COVID-19 pandemic continues to create economic uncertainty, several fintechs have started to realign their growth strategies. While some fintechs have been at the forefront to grab new opportunities, others need to reinstate their efforts to stay relevant to the market, says GlobalData, a leading data and analytics company. Ayushi Tandon, Senior Fintech Analyst […]
4D imaging radar technology provides game-changing safety for autonomous vehicles, says GlobalData
The pouring investments into autonomous vehicles has accelerated the demand for advanced sensors in the automotive industry to deliver greater safety. Against the backdrop, 4D imaging radar technology is gaining popularity given its ability to ensure vehicle safety by handling higher levels of autonomy in any sort of weather, says GlobalData, a leading data and […]
VC investments continue to defy expectations in Q4 2020 despite COVID-19 second wave, finds GlobalData
Despite the second wave of COVID-19 pandemic and slow economic recovery, global venture capital (VC) investments during the fourth quarter (Q4) of 2020 remained robust and were nearly at pre-COVID levels. Albeit, the number of VC deals witnessed a continuous decline for the seventh straight quarter, there was an increase in the number of megadeals […]
Bitcoin’s epic bull run is backed by strong investor interest, says GlobalData
The price of Bitcoin, the world’s most popular cryptocurrency, has grown four times from nearly US$5,000 in March 2020 to an all-time high of over US$20,000 in December 2020. The changing monetary policies, rising inflation and the impact of COVID-19 pandemic has shifted investors’ focus to alternative asset classes like cryptocurrencies to secure the value […]
Hyundai’s acquisition of Boston Dynamics can reinforce its position in smart mobility, says GlobalData
Hyundai Motor Group has agreed to acquire approximately 80% stake in American engineering and robotics design company Boston Dynamics from SoftBank Group. The move can fuel Hyundai’s long-term goal to become a smart mobility solutions provider by leveraging Boston Dynamics’ robots such as bipedal and quadruped equipped with 3D vision, navigation and advanced intelligence, says […]
Alternative reality finds more real-world applications in construction, says GlobalData
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. Considering such developments, alternative reality technologies such as augmented reality (AR) and virtual reality (VR) are increasingly finding their use cases to improve accuracy, efficiency and safety of construction […]
Digital medicine key to revolutionize patient health outcomes, says GlobalData
With the shift from volume-based care to value-based care, digital medicine is increasingly becoming crucial to improve patient health outcomes. Against the backdrop, healthcare companies are leveraging mobile technologies to empower patients for better disease management on their own and improve quality of life, says GlobalData, a leading data and analytics company. Venkata Naveen, Senior […]
Alternative battery technologies crucial for sustainable transportation, says GlobalData
Electric vehicles, which are deemed to be decisive for sustainable transportation, are currently powered by rechargeable lithium-ion batteries that majorly rely on heavy metals like cobalt and nickel. These metals are not only difficult to mine but also their global reserves are depleting to meet the imminent boom in electric vehicles. Against the backdrop, developing […]
Telcos begin standalone 5G deployment to unlock true 5G potential, says GlobalData
All the current commercial 5G rollouts by telecom companies globally are based on non-standalone (NSA) architecture, which helped them with quick go-to-market to monetize 5G services. However, NSA technology has limitations to unlock 5G’s full potential to support the majority of industrial use cases. Against the backdrop, telcos are scaling their NSA 5G network with […]
Race for quantum supremacy gathers momentum with several companies joining bandwagon, says GlobalData
Quantum computers are a step closer to reality to solve certain real life problems that are beyond the capability of conventional computers. However, the biggest challenge is that these machines should be able to manipulate several dozens of quantum bits or qubits to achieve impressive computational performance. As a result, a handful of companies have […]
Contactless technologies gaining traction in travel and tourism industry, says GlobalData
The COVID-19 pandemic has brought the travel and tourism industry to a near standstill with prolonged lockdowns. Now that government authorities across several countries have relaxed air travel restrictions, airports and hotels are trying to re-build confidence in travelers. Against the backdrop, contactless technologies are proving to be a game changer for the industry, says […]
Fintech startups open up gig economy using AI and alternative data – banks have a lesson, says GlobalData
Gig workers, the so-called genies of the COVID-19 influenced essential economy, have long been abandoned in the lending ecosystem due to their temporary, freelance jobs wanting steady paychecks. But ever since their numbers have significantly grown in the world’s largest economies, lenders are curious to expand their access to credit. Against the backdrop, artificial intelligence […]