Rush to digitization during the COVID 19 Crisis Should perpetuate financial exclusion

Digitization

The economic effect of the current global COVID-19 lockdown will be severe. An essential focus for supporting the economic rebound is to invest in efforts to deepen economic integration and further lower trade costs. Digitization, and the creation of specialized ecosystems, will be the single most efficient approach to reduce trade cost on a global scale, which will benefit all countries currently impacted by COVID-19. A robust technical infrastructure and end-to-end digital processes (“paper-less”) are key elements to safeguard productivity during disastrous events. First-response actions such as implementing business continuity…

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IBM to cease developing Facial Recognition Technology after #BlackLivesMatter protests

IBM will no longer develop and research facial recognition or analysis software and, on top of that, it will no longer offer the technology for general-purposes. This is part of the company’s mission to advance racial equality in the US after #BlackLivesMatter protests – campaigning against violence and systemic racism towards the black community – were organised all over the world. “IBM firmly opposes and will not condone uses of any technology, including facial recognition technology offered by other vendors, for mass surveillance, racial profiling, violations of basic human rights and…

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Video Gaming market to be valued at $92 Billion in 2020

Video Game

As one of the leading forms of entertainment today, the video games industry continues to generate remarkable profits from its huge player base. The global video games market is set to jump over $92 billion value in 2020, growing by 10.9% year-on-year this is according to data gathered by GCN. With $54.6 billion profit or nearly 60% of that amount, mobile games remain the most significant revenue stream of the global video games industry. Video Games Revenue Increased by $15.56 billion in Three Years In 2017, the global video games…

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Apple Mulling a launch to the Cloud Computing Space

Apple

Apple plans to focus on streamlining and expanding its software and cloud-based services such as iCloud, Apple Music, News Plus, etc. along with the production of iPhones, iPads, and Macbooks. However, to ensure that these cloud-based services run across Apple’s 1.5 billion active devices efficiently, Apple is reliant on its cloud division as well as on Amazon Web Services (AWS), a subsidiary of Amazon that offers cloud computing solutions. As a matter of fact, CNBC reckoned that Apple pays $30 million monthly to Amazon’s cloud division and is one of…

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New study reveals new consumer experiences during COVID-19

COVID 19 Read consumer

The era of the coronavirus pandemic has had consumers taking online classes, signing up for trials and subscriptions, and using telehealth. It’s a golden opportunity for service providers, according to a new survey. The April 2020 Amdocs study surveyed 1,000 people in the US, 18 and over, to examine consumer behavior and attitudes in day-to-day life, and how they have changed during the pandemic. The changes in those surveyed also reveal that there are new opportunities for service providers during this time–nearly a third of those surveyed (30%) are now…

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Counting the cost of COVID-19? Report Spells bad news for Women in STEM

STEM

COVID-19 is threatening to reverse hard-fought gains for women in STEM, according to a new report commissioned by the federal government. The report, commissioned by Industry and Science Minister Karen Andrews and produced by the Rapid Research Information Forum — a group of 35 research sector-led organisations chaired by Australia’s chief scientist, Dr Alan Finkel — was collaboratively led by Science & Technology Australia (STA) and the Australian Academy of Technology and Engineering (ATSE). According to the peer-reviewed report, Australia’s scientific and technical services industry recorded job losses of 5.6%…

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Using Big Data In The Fight Against Coronavirus

Big Data

One of the advantages we have today in the fight against coronavirus that wasn’t as sophisticated in the SARS outbreak of 2003 is big data and the high level of technology available. China tapped into big data, machine learning, and other digital tools as the virus spread through the nation in order to track and contain the outbreak. The lessons learned there have continued to spread across the world as other countries fight the spread of the virus and use digital technology to develop real-time forecasts and arm healthcare professionals…

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Six key areas for getting your business ready for COVID-19

COVID 19 Read consumer

In January 2020 the World Health Organization (WHO) declared the outbreak of a new coronavirus disease in Hubei Province, China to be a Public Health Emergency of International Concern. WHO stated there is a high risk of the 2019 coronavirus disease (COVID-19) spreading to other countries around the world.WHO and public health authorities around the world are taking action to contain the COVID-19 outbreak. However, long term success cannot be taken for granted. All sections of our society –including businesses and employers –must play a role if we are to…

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New gadgets were designed to fight COVID-19 Pandemic

The Virustatic Shield has an antiviral coating.

COVID-19 may be having a devastating impact on our industries, social lives and personal grooming standards, but it is also prompting an outpouring of creativity in other arenas. From Spiderman-esque wrist-mounted disinfectant sprays, to a wristband that buzzes whenever you’re about to touch your face, a wealth of new prototypes are demonstrating what human ingenuity is capable of in the face of adversity. Here are just some of the newest coronavirus inventions. Hands-free door openers Several varieties of hygiene-friendly door-hook are in the pipeline – intended to help us navigate…

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Embrace internet tech to keep key sectors in operation

Video Game

Covid-19 is reminding workers that the digital economy is one that best absorbs the shocks of any disease that discourages physical contact and social grouping. The novel coronavirus that first appeared in mainland China has now spread across the world, with more than 82,000 reported cases and nearly 3,000 deaths, as of Thursday. And right alongside the outbreak is the deployment of myriad types of AI-powered tech that is now being put on full display. Economies are at a standstill, with key sectors under serious existential threats of extinction. It…

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