Digitalization

• [New] Blockchain deployments will enable banks to save up to $27 billion by the end of 2030, reducing costs by more than 11%.
• [New] Cloud-native technology will continue to power digital transformation: by the end of 2021 60% of companies will leverage containers on public cloud platforms.
• [New] The UK's Cabinet Office is overhauling the leadership of digital, data and technology, appointing a new head of the Government Digital Service plus leaders of a Central Digital and Data Office, which it says will act as a new strategic centre for digital, data and technology.
• [New] Digital payments will continue to grow by 40 to 45% over the next two years with the blockchain-based business payments volume reaching $4.4 trillion by 2024.
• [New] Zenith predicts U.S. ad revenue to an even weaker 3.2% to $236.7 billion, again based on the growth of digital at 9.6%, which Zenith predicts will comprise 57.6% of all ad revenue.
• [New] Digital twins, which Gartner says could save $1 trillion in manufacturing costs each year, will see have a big year in 2021.
• [New] Sales of the Lenovo ThinkReality A3 smart glasses are expected to kick off mid-2021, with pricing expected to be confirmed closer to launch.
• [New] Through GSI Ventures, Salloway is looking forward to bringing 5G technology to Saudi Arabi, describing it as a $14 trillion global opportunity, not only in terms of technological implementation but also the benefits it brings to health care, digital health, artificial intelligence and smart cities.
• [New] India's $181 billion tech outsourcing industry is riding a wave of digital transformation that's expected to underpin deal signings and outlook revisions from its top players.
• [New] In Southeast Asia, businesses are feeling optimistic too, with 45% of companies believing that blockchain technology growth will accelerate with more applications and opportunities over the next three to five years.
• [New] Between 2020 and 2023 the direct investments into digital transformation are projected to reach a total of 6.8 trillion U.S. dollars.
• [New] The threat to human life has prompted platforms to take a more robust approach to removing misleading content in the last year.
• [New] The UAE's Instant Payments system is in an early phase of implementation, with its launch expected in the coming years.
• [New] Businesses will save $1 trillion (US) each year in asset maintenance by using IoT through digital twins.
• [New] The Insurance industry in India is expected to grow in the single digits for the year as compared to a double digit growth last year and the medium term outlook to remain stable.
• [New] Starting in 2021, powered by Healthify's platform, CareSource members in Ohio will be able to access a significantly wider range of services that specifically address SDoH.
• [New] The trend in attacks on medical equipment, particularly in Southeast Asian countries where digital transformation have just started, will push through in 2021.
• [New] Digital payments almost quadrupled over the last year and UPI auto-debit features will unleash a micro-payments storm, which will enable the subscription business to take off.
• [New] 2021 will see continued growth in global wind and solar development resulting in double digit growth in renewable generation.
• [New] Over 70% of streamed video sessions in the next five years will occur on smartphones, thanks to the emergence of social videos on platforms like TikTok.
• [New] 40% of the expected synergies form the merger - projected at more than 5 billion euros, will come from convergence of platforms and powertrains and from optimising R&D investments.
• Digital currency bitcoin has emerged as a rival to gold and could trade as high as US$146,000 (C$185,223) if it becomes established as a safe-haven asset.

Last updated: 17 January 2021