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The constraints created by the COVID-19 pandemic are forcing manufacturers, suppliers and distributors across the world to revisit their global supply chain strategies and accelerate the adoption of digital technologies, says GlobalData, a leading data analytics company. Manish Dixit, Principal Disruptive Tech Analyst at GlobalData, comments: “Increasing labor shortages, forced closure of factories, disruptions in […]
Artificial intelligence accelerates drug repurposing to find potential COVID-19 therapies, says GlobalData
Out of all the different approaches available to find new therapies to treat COVID-19, drug repurposing is one of the fastest and safest methods, as the drugs are already being used to treat other conditions therefore leading to fewer chances of adverse reactions. In particular, artificial intelligence (AI) holds significant promise for biopharmaceutical companies to […]
Digital technologies major cause for sweeping transformation across industries, says GlobalData
Digital technologies are increasingly exerting pressure on incumbents across industries to fundamentally reconsider their business models while giving rise to smaller, agile players that are enabling innovation and disruption in many aspects of the business, says GlobalData, a leading data and analytics company. Kiran Raj, Principal Disruptive Tech Analyst at GlobalData, comments: “The explosion in […]
Wearable technology reinforcing customer engagement for enterprises, says GlobalData
Smart wearables are redefining the way brands communicate with their customers using digital technologies such as the internet of things (IoT). They take advantage of today’s hyper-connected customers’ empowering enterprises to enhance their customer engagement, says GlobalData, a leading data and analytics company. Venkata Naveen, Disruptive Tech Analyst at GlobalData, comments: “The maturing wearable tech […]
‘Office of the Future’ to be shielded by digital technologies, says GlobalData
The COVID-19 pandemic has upended the traditional work-from-office models and enforced months of work from home (WFH) due to the prolonged lockdowns. Now that many countries have lifted lockdowns, enterprises are increasingly willing to reopen their physical offices by redesigning them with digital solutions centered around employee safety and wellbeing, says GlobalData, a leading data […]
COVID-19 accelerates digital transformation in retail, says GlobalData
As the entire world is scrambling to come back to normalcy under the COVID-19 pandemic-induced social distancing guidelines, brick-and-mortar retailers are shifting gears to rapidly embrace digital technologies to bridge the physical distance and navigate the crisis. With increased competition from e-commerce, reduced foot traffic and low consumer confidence, the need to build digital capabilities […]
China’s investment appetite for Indian tech startups grows stronger, says GlobalData
Despite escalated border tensions between China and India over the last few years, Chinese investors have increasingly invested in the Indian startup ecosystem with a focus on Internet technology businesses, says GlobalData, a leading data analytics company. Kiran Raj, Principal Disruptive Tech Analyst at GlobalData comments: “Chinese investors are highly motivated to invest in the […]
E-commerce and contactless payments will see unprecedented push post-COVID-19, says GlobalData
The COVID-19 pandemic has brought a paradigm shift in the payments industry. While cash payments became a thing of the past due to cash being considered as a potential carrier of the virus, various types of e-commerce and contactless payments gained traction in the wake of lockdown imposed across several countries. The trend will continue […]
AI-powered predictive maintenance game-changer for enterprises in costs savings, says GlobalData
Predictive maintenance systems powered by artificial intelligence (AI) technologies are helping enterprises to find patterns that can avoid machine failures more effectively. These systems, unlike the traditional business intelligence systems, can handle huge volumes of industrial internet of things (IIoT) data to maximize the economic benefits to enterprises, says GlobalData, a leading data analytics company. […]
India overtakes China to emerge as hotbed for fintech startup investments in Q1 2020, says GlobalData
China’s fintech startup ecosystem survived as the breeding ground for venture capitalists (VC) over the last two years despite India marginally surpassing in the third quarter (Q3) of 2019. However, in the first quarter (Q1) of 2020, the trend reversed with Indian fintech startups outpacing their Chinese counterparts in terms of both deal value and […]
Ecosystem business models key to digital transformation, now more than ever, says GlobalData
Covid-19 has exposed the business models of companies, which are built on the competitive advantages of physical assets. Several traditional retailers in the US, for instance, have filed for bankruptcy due to the impact of the pandemic as consumers shift to online shopping. In the wake of such events, failure to embrace digital ecosystem models […]
Alternative reality ripe for enterprise adoption, says GlobalData
A growing number of enterprises, far away the gaming and entertainment sectors, are leveraging immersive technologies such as augmented reality (AR) and virtual reality (VR) to improve operational efficiency, lower costs and overcome skilled labor shortage, says GlobalData, a leading data analytics company. Venkata Naveen, Disruptive Tech Analyst at GlobalData, comments: “By combining the virtual […]
Drones stepping up fight against COVID-19, says GlobalData
The coronavirus (COVID-19) pandemic is changing the way people interact and businesses operate. In a world where lockdown measures and social distancing have become the new norm, drones are playing a key role in helping authorities and governments in different ways to contain the spread of the outbreak, says GlobalData, a leading data analytics company. […]
Computer vision helping enterprises to extract business value from images, says GlobalData
Computer vision, an artificial intelligence technology, is increasingly becoming omni-present today from visual search features on e-commerce websites that can make the shopping experience more personalized to guiding autonomous vehicles, says GlobalData, a leading data analytics company. Venkata Naveen, Disruptive Tech Analyst at GlobalData, comments: “Computer vision, with its ability to analyze and extract meaningful […]
Digital transformation crucial to enterprises for operational resilience amid Covid-19, says GlobalData
The coronavirus (Covid-19) pandemic continues to have political and economic turmoil all over the world, affecting business and consumer activities. Against this backdrop, digital transformation has become crucial to enterprises for operational resilience. While digitally active companies have been able to play to their strengths, others are increasingly considering digitalization as a choice better now […]
Digital contact tracing helping Asian countries to flatten Covid-19 curve, says GlobalData
As the world struggles with the coronavirus (Covid-19) outbreak, Asian countries are galvanizing every digital tool at their disposal to curb the spread and better manage the evolving pandemic. Using digital contact tracing, governments have begun a massive exercise of tracking people’s movement via their smartphones and identifying all those who may have come in […]
3D printing moving into mainstream manufacturing, says GlobalData
3D printing technology is slowly cementing its role as a key part of the manufacturing mix, continuing its journey towards industry 4.0. It has already lowered the barriers to entry for manufacturing, allowing enterprises across many industries to respond to customer demands while offering greater customization of products and speed to market, says GlobalData, a […]
Fintech startups scaling up to re-bundle services, says GlobalData
The trend of global funding to venture-backed fintech companies growing in the later stages but with a pullback in the seed-stage indicates a general consolidation towards the maturing of fintech sector, where the startups are looking to scale up beyond their boundaries, says GlobalData, a leading data analytics company. Sudheshna Karukula, Fintech Analyst at GlobalData, […]
Emerging technologies proving worth in fight against coronavirus in China, says GlobalData
The coronavirus (Covid-19) outbreak, which was first reported from Wuhan in China on 31 December 2019, quickly spread to become a global emergency. The number of deaths due to Covid-19 in China has already exceeded the SARS outbreak in 2003. Against this backdrop, tech startups are working with government agencies, clinicians and academics to help contain […]
Digital economy unlocking cross-industry opportunities to make enterprise innovation more effective, says GlobalData
Digital economy, which is empowering tech-savvy enterprises to leapfrog their traditional businesses in search of new growth opportunities, is orchestrating new business models across boundaries around the hyper-demanding consumers, says GlobalData, a leading data and analytics company. Kiran Raj, Principal Disruptive Tech Analyst at GlobalData, comments: “Enterprise digital leaders, far more radical than merely investing […]