With transformation at the top of their agenda, business leaders are meeting at ConnecTechAsia, which will be held in Singapore from June 18-20, 2019, to showcase and discover the latest technologies that promise to ready businesses for the future.
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Emblazoned across a wall at Huawei headquarters is a motto that appears to sum up the attitude of the huge Chinese telecom company toward its multiplying challenges: “Success requires friends. Tremendous success requires enemies.”
Asia Pacific (excluding Japan) spending on the technologies and services that enable the digital transformation of business practices, products, and organizations is estimated to be $375.8 billion in 2019, according to the IDC Worldwide Semiannual Digital Transformation Spending Guide. Digital transformation spending is expected to steadily expand throughout the 2017-2022 forecast period, achieving a five-year compound annual growth rate of 17.4%.
Huawei will sell its majority share in a submarine cable unit, Huawei Marine Networks, amid a US-led drive to isolate the Chinese telecom giant from global information networks over spying fears. Huawei Marine Networks is a joint venture between Huawei and UK-based undersea cable firm Global Marine Systems.
Huawei and TIME dotCom (TIME) jointly signed a memorandum of understanding (MoU) on the construction of a pilot 10 Gigabit Passive Optical Network (10G PON), aiming to provide gigabit ultra-broadband for fixed access users in Malaysia.
With the aim of drawing a clear picture of healthcare IT spend in Asia Pacific region (excluding Japan), IDC released a new report entitled “The new Asia/Pacific (excluding Japan) Healthcare IT Sector Spending Forecast and Trends, 2017-2022”. The report shows that Asia/Pacific healthcare IT sector spending is forecast to increase from USD 12.2 billion in 2019 to USD 14.9 billion by 2022, at a CAGR of 7%. This IDC analysis report scans the regional trends and draws a picture, detailing the emerging trends in various countries aligning with their respective spending forecasts.
On Tuesday, Ooredoo Myanmar, Facebook and the GSMA launched a digital literacy campaign to raise awareness and increase adoption of mobile internet in Myanmar.
US technology behemoth Apple could be one of the main targets for China as they look to retaliate and respond to the US campaign against Huawei by Washington.
South Korean operator SK Telecom, Samsung and Cisco have signed a MoU which aims to promote 5G-powered smart office services.
Chinese telecommunications conglomerate Huawei has stepped up its legal battle in the United States by filing a lawsuit which is requesting that a US court overturn a federal ban that has been imposed on the company.