In 2006, the Nintendo Wii started a new era of home fitness. And more recently with the advent of cloud and AI technology, home fitness is once again raised to new heights as professional online fitness services are becoming mainstream. While the COVID-19 pandemic continues to rage on across the globe, the world has seen virtual fitness programs become both a new reality for fitness enthusiasts and a new income source for fitness centers. Unsurprisingly, CES 2021 saw many businesses unveil their virtual fitness programs targeting this new market. Among them is Uniigym, a TTA-assisted startup with its own in-house developed AI cloud interactive fitness technology service. Uniigym boasts professionally designed fitness entertainment with a much lower barrier to entry and has attracted the interest of companies around the globe.
Vietnam expects digital economy to reach 20% of GDP by 2025 and 30% by 2030, prime minister Pham Minh Chinh said at the Digital World 2021 exhibition, cohosted by the government of Vietnam and International Telecommunication Union (ITU), according to Vietnamese-language news outlet Youth Newspaper.
Southeast Asia, which has been experiencing rapid economic growth in recent years, has become a popular real estate investment target for foreign investors. With the high housing prices of today and changes to personal finance concepts, the number of renters in various countries is increasing every day. JGB Smart Property is focused on the high demand for long-term housing rentals in Southeast Asia and has developed a comprehensive rental SaaS management platform to provide automated management for real-estate rental companies.
MIH has unveiled its Open EV Software Platform that enables automotive developers to create applications with smartphone-like development experience, in close partnership with Arm, Microsoft and Trend Micro.
Advancements in media and communication technology have greatly increased the reach and influence of videos. Now more than ever, people are making and watching videos in unprecedented numbers. However, Agnes Peng, co-founder of GliaCloud, pointed out that the apparent prosperity has also presented the industry with difficult challenges. Existing production pace and procedures are no longer feasible as companies and media organizations are suffering from the crippling effects of the increasing demands for more videos. "The market needs a way to quickly and cheaply produce high-quality videos. GliaStudio, our AI-powered video creation platform for content automation, is the solution to that problem," Peng added.
Foxconn Technology (Hon Hai Precision Industry) continues to actively promote industry sectors related to electric vehicles (EV) in order to help it achieve its goal of EV output value reaching NT$1 trillion (US$35.9 billion) in five years.
Since moving into the new economic era in the 1990s, India has chosen the information service sector as its core industry. Much of the loans and subsidies from the World Bank have been spent on infrastructure such as satellite communications, which has made software business process outsourcing (BPO) a mainstream business in India. The fundamental industrial structure of BPO has been well developed since the 1990s.
The technology development team of Chainsea Information Group independently established Ai3 in 2018. It combined AI, data analysis, CTI communication, CRM and other technologies to create the QbiAI Cloud, assisting various companies in implementing digital transformations for customer service and marketing.
Latch was founded in 2014 by a group of former Apple employees and began trading on Nasdaq on June 7th, 2021 under LTCH. Through a SPAC listing, it raised $453 million and values over $1.5 billion. The system of Latch is designed to bring all devices and services together to make buildings "smart."
VNG, the first Vietnam-based unicorn that operates mobile communication App, online games, e-commerce, and cloud computing services, in 2017 signed an MoU with Nasdaq but has not yet applied for listing, this is because there is actually no rush for the company to undertake an IPO.
With the ability to immerse users and create convincing realities, extended reality (XR) has been wowing people since its introduction. Developments in recent years have not only matured the technology, but have also expanded its application from entertainment to commercial fields.
Fast development of 5G, AI, IoT, deployment of infrastructure and increasing demand for digital transformation are expected to bring many business opportunities for industrial computing device makers, but they have to step into cloud computing-based hardware/software-integrated IPC 3.0 innovation platform convergence to upgrade their products and services, according to Steve Chiu, chairman and CEO Chiu of Ennoconn.
Having co-founded 500 Startups (later rebranded to 500 Global) in 2010, Christine Tsai (CT), CEO and founding partner of the company started out with a very different strategy from other venture capital firms in the Silicon Valley which were predominantly focused on the US market. She built a diversified portfolio in different industries and invests in founders across geographies and ethnic backgrounds and in emerging countries.
The number of newborn unicorns has again hit record levels in 2021, following a strong year in 2020. There are more than 800 unicorns around the world as of September of 2021. By geographic regions, the US still dominates in terms of the number of unicorns, followed by India and China, according to The Asia Banker.
For both normal corporate buildings and factories, the types of energy needed are diverse, such as water, electricity, oil, and gas. The energy costs account for a high proportion of operating costs. Therefore, the strengthening of management benefits using complete mechanisms is necessary for the operations of energy systems in corporations and parks. As a result, smart energy management systems have been gradually introduced. However, these smart platforms are mostly aimed at the management of a single energy type and cannot respond to the effects of interactions between different energy types. InSynerger offers 24-hour energy and electromechanical equipment cloud AI management which can help companies establish a unified management platform. The management system can display data from different energy equipment in a visual interface to the manager through the integration of on-premise equipment and cloud systems, making management easier and more efficient.
UnaBiz, a Singapore-based Internet of Things (IoT) service provider, has raised over US$25 million in its Series B funding round led by SPARX Group. The round was oversubscribed, with participation from CDIB, G K Goh and Thaioil, according to the UnaBiz.
Thailand's gaming industry raked in more than US$1 billion in revenue last year amid COVID-19, according to Thailand Business News citing data from NewZoo, with the number of gamers increasing to 32 million in the country.
The recent surge of AI, 5G, and IoT technology has given rise to unprecedented levels of cyber threats that even target critical infrastructure and government. The severity of these threats has turned cybersecurity into a matter of national security for countries around the globe. To safeguard their digital assets, governments and enterprises have increasingly been investing in high IT security budgets year after year, which has led to the growth of the cybersecurity market. In fact, Gartner estimates that by 2023, the global cybersecurity market will reach US$168 billion.
With the advent of the AI era, big data analysis has become the crucial technology for upgrades in various industries. However, physical equipment and online websites in both factory manufacturing lines and businesses, respectively, generate immense amount of data. Enterprises must strive to boost the operational efficiency by seeking ways to practically clean data to obtain the valuable information and to ensure strategies are made with more precision insight. Chao-Lung Yang from the Department of Industrial Management at National Taiwan University of Science and Technology (Taiwan Tech) and his team conducted in-depth research on big data analysis in different fields and scenarios and assisted enterprises across different industries to go through digital transformation with the aid of their research results.
India's huge population and potential economic growth have attracted investments from foreign IT enterprises, such as Samsung, Netflix, and Oppo, while local large enterprise groups such as Tata and Reliance have been pushing for innovations across industries in India with increasing investments as well.
Wistron Information Technology & Services (Wistron ITS), a provider of CMMI (capability maturity model integration) Level 3 IT outsourcing software services, began to tap China's cloud computing services market in 2020 and has won contracts from eight local first-tier operators, according to company CEO Ching Hsiao.
As network infrastructures around the globe continue to mature, the declining cost of sensor components has given rise to a surge of Internet of Things (IoT) devices, which has itself become an important driving force for current global economic growth. According to research from the McKinsey Global Institute, the overall IoT market is estimated to reach US$4-11trillion by 2025. But behind the prospering business prospects lies the equally concerning problem of growing IT security threats. Currently, IoT devices have become a preferred target of hacker groups, who use them as a convenient relay to launch volumetric and distributed denial-of-service (DDoS) attacks to demand ransoms or achieve specific political objectives, posing an unprecedented threat to businesses or countries.