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Digital payments to become a $10trn industry

Feb 5, 2024

Over the past five years, more than 1,6-billion people worldwide have embraced digital payments, pushing the total user count in this market to a whopping 4,44-billion, or more than half the world`s population. This massive user base has helped the total transaction...

What does the future hold for data, AI, customer experience, security?

Feb 5, 2024

Trusted data is the foundation of trusted AI. As a result, 92% of analytics and IT leaders recently reported that the need for trusted data has never been higher. But data accuracy is only one component: The data needs to be secure, available, and reliable for AI to...

Semiconductors to bounce back in 2024

Jan 19, 2024

Global semiconductor revenue is projected to grow 16,8% in 2024 to total $624-billion, according to the latest forecast from Gartner. In 2023, the market is forecast to decline 10,9% and reach $534-billion. “We are at the end of 2023 and strong demand for chips to...

Worldwide IT spend to rise by 6,8%, hit $5trn

Jan 19, 2024

Worldwide IT spending is expected to total $5-trillion in 2024, an increase of 6,8% from 2023, according to the latest forecast by Gartner. This is down from the previous quarter’s forecast of 8% growth. While generative AI (GenAI) had significant hype in 2023, it...

Wearables get a new lease on life

Jan 19, 2024

Global shipments for wearable devices returned to growth in the second quarter of 2023 (2Q23) reversing two quarters of decline, according to new data from the International Data Corporation (IDC) Worldwide Quarterly Wearable Device Tracker. The market grew 8,5% year...

African smartphone market begins growth

Jan 19, 2024

Newly-released data from IDC’s Worldwide Quarterly Mobile Phone Tracker shows that Africa’s smartphone market saw shipments grow 7,6% year on year (YoY) in Q2 2023 to total 19,6-million units. This growth follows seven quarters of continuous YoY decline....

Regional mobile threats on the rise

Jan 19, 2024

While users increasingly rely on their mobile devices to share personal data and connect to corporate networks, the number of mobile threat detections particularly in the Middle East, Turkiye, and Africa region increased by 5% in Q2 2023 compared to Q2 2022. This is...

Consumers spend 10% more on mobile apps

Jan 19, 2024

The global app industry has grown tremendously over the years as people spend more on mobile apps than ever. In 2023, consumers worldwide are expected to spend $236-billion on paid apps and in-app purchases and make 262 billion downloads, the highest figures in the...

Demystifying debt collection

Jan 9, 2024

The colloquial “cash is king” is a testimony to the importance of a healthy cash flow in a business. By Paul Crosland, partner at Webber Wentzel Even though most business transactions are digital today, the concept still applies when debt collection comes into play....

Tighter IT budgets, more local cloud uptake to come

Jan 9, 2024

The pace of change in the technology sector has always been brisk, as demonstrated by the rapid development and massive innovation that occurred in 2023. As we prepare for 2024, it’s clear that developments in IT will continue to reshape the business world. By...

The financial cybersecurity landscape in 2024

Jan 9, 2024

Financial institutions and organisations should fortify their defenses in 2024, as threats will surge driven by AI and heightened automation according to Kaspersky experts. In its crimeware report and financial predictions for 2024, the cybersecurity company...

What lies ahead for fintech?

Jan 9, 2024

Financial technology, or fintech, is undergoing rapid and transformative changes. As we look ahead to 2024, several key trends are poised to shape the landscape of the booming industry, affirms the CEO of one of the world’s largest independent financial advisory,...

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