GenAI-powered skills development to drive $1trn in productivity gains
In a business landscape where productivity and revenue growth stand at the forefront of organisational priorities, the role of generative AI (GenAI) is taking centre stage. International Data Corporation (IDC) foresees a major paradigm shift taking place, with 35% of...
GenAI startups raise record sums
Startup funding has been subdued in 2023 with $224-billion in total venture capital funding (as of 8 December 2023) falling 65% since 2021 when startups raised a record $655-billion. But the story is very different for Generative AI (GenAI) startups, which have raised...
Legitimate software used to hack US government systems
Computers at the US Treasury - and possibly other federal agencies - have been the victims of hacking using legitimate software upgrades from Solar Winds. On Sunday, Reuters reported that a group backed by a foreign government stole information from Treasury and a...
Covid lockdowns take a toll on young people’s mental health
A new University of Cape Town (UCT) study into the emotional well-being of young people during the Covid-related lockdown in South Africa has revealed that majority are suffering from depression. In South Africa, more than seven million young people aged 18 to 35...
Businesses urged to act now to navigate to recovery
As economies continue to tackle the impacts of the Covid-19 pandemic, PwC's Global Restructuring Trends report estimates that 40-million people were on furlough across 37 economies in July 2020. The analysis outlines how governments and businesses have responded to...
SA consumers plan to spend a lot less this holiday season
Elevated customer expectations and tighter budgets will make 2020 holiday shopping more competitive than ever for retailers, with nearly 90% of consumers planning to spend the same or less than last year. According to new research by SAS, nearly three quarters (74%)...
Despite budget cuts, security is still a priority
Cybersecurity remains a priority for investment among businesses, according to the new Kaspersky report "Investment adjustment: Aligning IT budgets with changing security priorities". Its share of IT spending has grown from 23% in 2019 to 26% in 2020 for SMBs, and...
Wearables market shows regional rebound
The Middle East and Africa (MEA) wearables market rebounded in Q3 2020 thanks to an easing of the supply disruptions that had plagued the previous quarter. The market recorded year-on-year unit growth of 15,8% in Q3 2020, while its value was up 33,9% over the same...
Server market revenue up 2,2%
Vendor revenue in the worldwide server market grew 2,2% year over year to $22,6-billion during the third quarter of 2020 (3Q20). According to the International Data Corporation (IDC) Worldwide Quarterly Server Tracker, worldwide server shipments declined 0,2% year...
SA fails to ready youth for 4IR
South Africa is failing to expose and prepare young people for the evolving world of work. This is according to Tumelo Dichabe, business advisor at non-profit organisation Technoserve, who says: "Our youth are not exposed to the options that exist or that would result...
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