Feb 13 – 5 Key Stories From The Digital World

By February 13, 2019 Insight

1.  Enterprise IT Trends To Watch In 2019

  • Businesses will soon be able to leverage machine learning solutions to autonomously synthesize, package, and present relevant data… the development of autonomous, real-time insights will become one of the most crucial enterprise IT trends.
  • Alongside other enterprise IT trends, expect greater investment in and acquisition of workflow automation companies in 2019 and beyond.
  • One of the latest enterprise IT trends is the rise of serverless computing. This new cloud computing service allows developers to run small pieces of code to complete specific and repetitive requests. The serverless computing industry could grow to $7.7B in 2021, compared to $1.9B in 2016.

2. Oracle’s First Dozen Cloud Blockchain Applications Are Now Live

  • software giant now has up to a dozen enterprise customers using live applications that have sped into production since its cloud-based blockchain platform went live last July
  • includes a cargo tracking consortium called the Global Shipping Business Network (GSBN); China Distance Education Holdings, which shares educational and professional certificates; Circulor, which tracks conflict minerals; and SERES, a solution for dealing with invoices between franchisors.
  • Previously, the only major enterprise blockchains in production were built using IBM Blockchain; namely trade finance solution we.trade and Food Trust (it’s notable that both Oracle and IBM have used Hyperledger Fabric to create their blockchain platforms.)

3. 5 IoT Healthcare Devices and Platforms for Digital Care

  • the role of the Internet of Things – and, by default, Big Data and Artificial Intelligence – is poised to grow exponentially, as IoT healthcare devices find their way into everything from smart pills and smart inhalers to smart thermometers and nicotine patches
  • experts believe there will be some 20 billion IoT healthcare devices by 2020, up from a mere five million today. That equates to a $158 billion market by 2022, with healthcare startups raising some $1.5 billion in 2017
  • From GE buying a fetal sensor startup called Monica to Apple acquiring a sleep tracking startup named Beddit, the future of healthcare is in data and analytics. IoT healthcare devices and platforms will serve as the infrastructure of that transformation.

4. Tencent-backed AI firm aims to free up parents and teachers from checking children’s maths homework

  • claims to have checked an average of 70 million arithmetic problems per day, saving users around 40,000 hours of time in total
  • Founded in 2012, Yuanfudao – which has 200 million users, two million of whom are paid users – in late December bagged US$300 million in a round of funding that values the company at more than US$3 billion.
  • the country’s online education market – covering children from kindergarten age to high school – is set to triple to 150 billion yuan (US$22.33 billion) by 2022

5. Sustaining Southeast Asia’s Momentum

  • Grab, operating in eight markets in Southeast Asia, raised US$2 billion in 2018 after a round of funding (attracted investment from Toyota) and valued the company at $11 billion. Go-Jek (Tencent and Temasek are investors), reportedly is in discussions to raise $2 billion to bolster its regional expansion plans…Ride-sharing companies are just one example of the rampant commercial activity in Southeast Asia.
  • The Association of Southeast Asian Nations (ASEAN), a 10-nation bloc founded in 1967…has a population of 630 million (30 percent larger than the combined population of the NAFTA countries), and its nations had a combined GDP of $2.76 trillion in 2017, which is larger than the GDP of India and makes ASEAN the fifth-largest economy in the world.
  • The region’s middle class is projected to rise to almost two-thirds of the overall population by 2030, compared with only 29 percent in 2010