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Company Insights
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UBS Group – Digital Transformation Strategies
UBS Digital Transformation Strategies Report Overview UBS uses emerging technologies as a part of its digital transformation strategies. The annual ICT spending of UBS was estimated at $4 billion in 2022. A major share of this spending is earmarked for acquiring software, network and communications, and ICT services from vendors. UBS Group (UBS) is a provider of wealth management, banking, asset management, and investment banking solutions. The UBS Personal & Corporate Banking product portfolio consists of financing and investing as...
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Thematic Analysis
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Cybersecurity – Thematic Intelligence
Cybersecurity Thematic Overview Cyber risks are higher than ever, and the consequences of attacks are significant. State-sponsored cyberattacks are likely to increase in 2023. The Russian invasion of Ukraine, a continuing trade war between the US and China, and high-profile elections are all catalysts for such attacks. Attacks on critical national infrastructure and supply chains, highly effective at causing large-scale disruption and long-lasting financial impact, will increase in 2023. The Cybersecurity thematic intelligence report assesses how cybersecurity can be used...
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Thematic Analysis
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Digital Identity – Thematic Intelligence
Digital identity is a collection of online information about a person, an organization, or a machine, which, when grouped together, can provide a digital representation of that entity. There are many possible use cases, but it took a global pandemic for governments to recognize that vaccination certificates on smartphones enabling foreign travel was the killer app that digital identity could deliver. The digital identity thematic intelligence report highlights key technology trends, macroeconomic trends, and regulatory trends impacting the digital identity...
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Company Insights
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Rabobank – Enterprise Tech Ecosystem Series
Rabobank has been focusing on using artificial intelligence, cloud, big data, mobile payments and blockchain to digitally transform its operations. The annual ICT spending of Rabobank was estimated at $1.2 billion for 2022. A major share of this spending is earmarked for acquiring software, ICT services and hardware from vendors. Rabobank offers global banking and other related financial solutions to commodity traders, large corporates, startups, financial institutions, and private equity firms. It provides a wide range of accounts, deposits, cards,...
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Thematic Analysis
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Computer Vision – Thematic Intelligence
The explosion in the volume of visual data, coupled with the increased sophistication of artificial neural networks and the availability of chips created specifically for artificial intelligence (AI) processes, will all drive growth in computer vision (CV) over the coming years. CV will find myriad applications in several industries, reaching a market size of $32.8 billion by 2030, up from $12.5 billion in 2021, according to GlobalData forecasts.
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Thematic Analysis
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Cybersecurity in Construction – Thematic Research
Cybersecurity in Construction Market Overview Cybersecurity is the practice of defending computers, servers, mobile devices, electronic systems, networks, and data from malicious attacks. Cybersecurity has never been more disruptive, as the number of cyberattacks on companies increases and the potential damage and disruption caused grows exponentially. The construction sector faces many challenges that lead to cybersecurity vulnerabilities. Construction projects are increasingly complex with greater collaboration between stakeholders. Diversified supply chains lead to many third parties with access to valuable intellectual...
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Thematic Analysis
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Cybersecurity in Banking – Thematic Research
Cybersecurity in Banking Report Overview Cybersecurity in banking has become more important than ever as the rapid evolution of digital banking has resulted in customers finding it more convenient to manage their finances through online channels, exposing banks and financial institutions to increased levels of cyber threats. The impact of cyberattacks on financial institutions can be catastrophic, so innovation will be needed to counter the continuously evolving cyber threat landscape in the retail banking sector, which includes both channel shifts...
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Thematic Analysis
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Cybersecurity in Insurance – Thematic Research
The global cybersecurity revenue in the insurance sector was $6.4 billion in 2020. The market is expected to grow at a CAGR of more than 10% from 2020 to 2025. The sector’s rapid digital transformation will drive this growth. COVID-19 led to more customers accessing their accounts digitally and insurers selling through digital channels, increasing the sector’s cyber risk. The rise in complex ransomware attacks, the persistence of hybrid working models, ongoing supply chain threats, and the Russia-Ukraine war have...
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Thematic Analysis
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Cybersecurity in Defense – Thematic Research
The threat of cyber-attacks has never been greater, growing in line with increased connectivity between physical and digital systems. Lower barriers to entry for cyberthreat actors, more aggressive attack methods, a dearth of cybersecurity professionals, and patchwork governance mechanisms have aggravated the risk for all companies. Cybersecurity has become a key issue to consider for all sectors, however, the sensitive nature of defense data and consequential national security concerns elevate the importance of data security for defense manufacturers. Cybersecurity for...
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Thematic Analysis
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Cybersecurity in Consumer Goods – Thematic Research
The global cybersecurity revenue in consumer goods was $116.6 billion in 2020. The market is expected to grow at a CAGR of more than 9% during the forecast period. Cybersecurity is the body of technologies, processes, and practices designed to protect networks, computers, programs, and electronic data from attack, damage, or unauthorized access. Cybersecurity is more important than ever for consumer goods companies. The pandemic has accelerated the digitalization of business operations and has normalized remote working and eCommerce. This...
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Thematic Analysis
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Cybersecurity in Foodservice – Thematic Research
The global cybersecurity revenue in foodservice was $1.2 billion in 2020. The market is expected to grow at a CAGR of more than 11% during the forecast period. The COVID-19 pandemic forced foodservice companies to digitally transform, shifting to online delivery, remote communication with employees, and digitalizing supply chain management. Foodservice suppliers that neglect the cybersecurity of operational technology (OT) are at risk of increasingly frequent and complex ransomware attacks, as evidenced by JBS’ ransomware attack in 2021. The growth...
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Thematic Analysis
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Cybersecurity in Mining – Thematic Research
The global cybersecurity market size was $125.6 billion in 2020. The market is projected to grow at a CAGR of 9% during the period 2020-2025. Cybersecurity is the practice of defending computers, servers, mobile devices, electronic systems, networks, and data from malicious attacks. The IoT sensors, augmented reality (AR) devices, autonomous vehicles, and drones that improve mining operations are equally capable of halting activity if they fall prey to cyberattacks. The operational technology (OT) networks of mining operations are particularly...
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Thematic Analysis
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Cybersecurity in Automotive – Thematic Research
The global cybersecurity in automotive industry was valued at $125.5 billion in 2020. The market is expected to grow at a CAGR of more than 9% during the period 2020-2025. Cybersecurity is the body of technologies, processes, and practices designed to protect networks, computers, programs, and electronic data from attack, damage, or unauthorized access. Cybersecurity in vehicles must be extensive, defending both the frontend and backend of vehicle systems and all the infrastructure upon which connected cars rely.
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Company Insights
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ICICI Bank – Digital Transformation Strategies
ICICI Bank has been focusing on digital technologies as a part of its digital transformation strategies. The annual ICT spending of ICICI Bank was estimated at $760.7 million in 2021. A major share of this spending is earmarked for acquiring Network and communications, ICT services, and software from vendors. ICICI Bank offers personal and corporate banking, investment banking, private banking, venture capital, life and non-life insurance, securities broking, and asset management services to corporate and retail clients, high net worth...
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Company Insights
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OCBC Bank – Enterprise Tech Ecosystem Series
OCBC Bank has been focusing on innovative technologies as a part of its digital transformation strategies. The annual ICT spending of OCBC Bank was estimated at $1.3 billion in 2021. A major share of this spending is earmarked for acquiring software, hardware, and ICT services from vendors. OCBC Bank and its subsidiaries provide banking, wealth management and insurance products and services to clients in 19 countries. The OCBC Bank enterprise tech ecosystem report will act as a reference point to...
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Sector Analysis
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2018: Key Trends in Retail Banking
Several trends will drive developments in retail banking in 2018, including factors as diverse as changes to the regulatory environment, the development of open banking, improvements in digital servicing, and the reconfiguring of branch networks. This report identifies seven key trends that will shape the retail banking market in 2018, to which providers will need to respond and adapt. It offers insight into - - The likely impact of technological developments on the retail banking industry in 2018. - Changes...
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