Digital transformation is redefining business operations across the economic landscape. The appetite for adopting a well-integrated and digital-first strategy is definitely on the rise. Cloud has become a critical element of enterprises’ digital strategy, with cloud migration a priority for CIOs. As a result, ICT spending is expected to reach $111 billion by 2024, as per IDC.
A new Digital Rupee is proposed to be introduced by the Reserve Bank of India using blockchain technology starting from 2022-23, Finance Minister Nirmala Sitharaman said on Tuesday. In her Union Budget 2022-23 speech, she also said Rs 1 lakh crore financial assistance to states will be provided in 2022-23 to catalyse investments.
Zonos, a company that provides cross-border commerce solutions, has opened its first international office in Australia’s Gold Coast. With Asia-Pacific expected to continue to lead global ecommerce sales, the need for accurate cross-border duty and tax calculations, VAT compliance and HS code classification will continue to grow, the company said.
Martech keeps taking larger bites out of marketing budgets: 17.3% last year, 19.9% this year, 23.5% next year, and 30.9% five years from now, according to the latest CMO Survey. This despite barely more than half (56.4%) of current tools being used and nearly half (48.8%) of the survey respondents reporting worse-than-expected results. Oddly enough, marketers rate selecting marketing technologies as the thing they do best.