Information Technology (IT)

Don't let the workforce become a double-edged sword: RSA

SINGAPORE (May 30): Are organisations in Singapore ready to embrace both digital initiatives and the risks they entail?

With businesses increasingly steering digital initiatives to drive business growth and operational efficiency through adopting cloud, mobile and Internet of Things (IoT) technologies to empower today’s workforce, there is an inevitable growth of risk in an extended digital ecosystem.

What’s more, 30% of businesses in Singapore said their total spend on digital transformation products and services would grow by more than 10% in the next three years.

Solid fundamentals, ample new order opportunities keep Silverlake at 'buy'

SINGAPORE (May 24): DBS Vickers Securities is maintaining “buy” on Silverlake Axis while raising its target price on the stock by 1 cent to $0.63, which is derived from the peer average of 21 times FY19F P/E based on the group’s FY Jun 20F earnings after assuming slightly higher gross margins.

This comes post the group’s latest release of its 3Q19 and 9M19 results, which saw key segments registering revenue growth with 9M19 revenue and net profit jumping 23% and 82%, respectively.

Understanding your value in a world of automation

SINGAPORE (May 3): VUCA – Volatile, Uncertain, Complex and Ambiguous – a term originally coined by the American military to describe what today’s leaders must cope with, has quickly become a way to describe the socio-economic landscape.

Evolving technology, including artificial intelligence and machine learning, is one of the reasons for this move towards increased complexity and volatility. As automation makes many manual and repetitive tasks obsolete, the call for a ‘skills-revolution’ has become louder.

After all the talk about digitisation Asia Pacific businesses are still lagging behind, finds survey

SINGAPORE (May 2): Despite acknowledging the significance of digital transformation as a stepping stone to achieve their business goals, Asia Pacific businesses are still suffering from a lack of digital competencies, according to new research by the Economist Intelligent Unit (EIU).

Procurri Corp posts 75% higher 1Q earnings of $1.75 mil on higher revenue & margin

SINGAPORE (May 2): Procurri Corporation reported a 75% rise in 1Q19 earnings to $1.75 million from $1 million previously, due to higher revenue and gross profit margin.  

Revenue for the quarter grew 8.7% to $53.8 million from $49.5 million previously, with the Lifecycle Services segment booking a 16.8% increase to $18.1 million due to better performance from North and South America as well as European markets.

Revenue contribution from the IT Distribution business segment grew 5.1% to $35.7 million on the back of higher contributions from the Americas.

New business opportunities abound for retailers as industry landscape transforms, says Deloitte

SINGAPORE (Jan 24): It is a transformative time in retail with consumers in the driver’s seat, according to Deloitte Global.

In the words of Vicky Eng, Deloitte Global Retail Sector Leader, disruption of traditional business models have given way to “unprecedented and transformative change – changed required online and offline to better serve more demanding shoppers and redefining customer experience”.

Nine IT stocks to watch following strong share price performances in the 2017 YTD

SINGAPORE (Sept 20): As many as 27 of the 30 biggest hardware and semiconductor stocks listed on the Singapore Exchange (SGX) have generated price gains in the 2017 year to date, with the sector amounting to a median price gain of 43% compared to its median gain of 13% in 2016.

In a SGX Gateway newsletter, market strategist Geoff Howie highlights that the electronics cluster contributes to more than a quarter of Singapore’s total manufacturing activity.

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Singapore’s employers set the bar high even while facing IT talent shortage

SINGAPORE (May 2): Employers in Singapore are setting high standards for the information technology (IT) candidates they hire, even as the local job market continues to see a shortage in IT talent – with demand only likely to grow over the quarter, according to recruitment expert Hays.

“Despite the strong demand for talent, employers remain focused on hiring candidates with strong 'soft skills',” notes Lynne Roeder, managing director for Hays in Singapore, in a press release on Tuesday.  

Every tech billionaire in India takes hit from Trump visa reform

Azim Premji

BANGALORE (April 12): It’s hard to overstate the importance of the technology industry to India. Over the past three decades, the IT sector has helped drive the country’s economic growth, employed millions and made billionaires out of at least seven founders.

Singapore companies most lacking in enterprise-wide analytics: EY & Forbes Insights

Credit: xendat.com

SINGAPORE (March 16): Over the next two years, more than half of global executives surveyed are planning to invest at least US $10 million ($14.1 million) in data and advanced analytics, according to a jointly developed report between Forbes Insights and EY.

Entitled Data & Advanced Analytics: High Stakes, High Rewards, the report surveyed global executives from companies with at least US$500 million in annual revenues, to deliver a maturity assessment of how proficient organisations are in applying analytics throughout their operations.

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