VARINDIA IT MAGAZINE

COVID-19 accelerates mobile wallet adoption across Asia-Pacific:  Mobile wallet adoption and usage is poised for major growth in the next few years in the Asia-Pacific (APAC) region, and thereby displace traditional payments such as cash and cards. The   COVID-19 pandemic   has accelerated the trend as mobile payment has emerged as one of the few areas in the whole payments industry that has seen a positive impact from the pandemic, according to GlobalData, a leading data and analytics company.   APAC markets like China and India have been aggressively promoting mobile wallets, putting them in place far ahead than their Western counterparts. Other markets within the region are also catching up with countries like Thailand and Vietnam now emerging as the top adopters of mobile wallets globally... Read More

While the new White House Artificial Intelligence (AI) Task Force formed by Donald Trump on 10 May 2018 has the potential to drive AI-enabled technological innovation and development, especially on defense issues, the benefits to key US technology segments such as telecoms remain to be seen, says leading data and analytics company GlobalData. Recent advances in AI technology are promising dramatic technological breakthroughs in virtually every aspect of society, including telecommunications. Operators are also lining up to use AI to drive innovation throughout their organizations including the launch of new digital services and augmenting the customer experience. For example, AT&T’s Atticus entertainment chatbot, working through the Facebook Messenger application, uses AI to recognize speech and automate the handling of customer requests. AT&T is testing AI-enabled drones to expand mobile LTE network coverage with the Flying Cell on Wings (COW), reaching remote areas ...