Friday 20 October 2017
 
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Despite the hype, AI adoption still in early stages

Despite the intense hype surrounding artificial intelligence (AI), its adoption is still in the early or even planning stages for most European businesses surveyed in a recent study by SAS, a leader in analytics. The good news is, the vast majority of organizations have begun to

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Bad toilets are bad for business: report

The condition of toilets in UAE businesses may deter – or attract – customers, according to a recent survey. Half of Emiratis who experience unclean toilets vow to never again frequent the business or will think twice before doing so in the future, according to the 20

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EV global penetration to hit 90pc by 2050: study

Pure electric vehicles (EVs) are estimated to reach global penetration of 12 per cent, 34 per cent and 90 per cent in 2025, 2030 and 2050, respectively, according to a new report from Bank of America Merrill Lynch (BofAML). Meanwhile, new energy vehicles (NEVs) will see global sa

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Could fintech disrupt GCC banks' business models?

Financial technology (fintech) could reduce the profitability of some business lines of GCC banks and change the way they operate over time, according to new report published by S&P Global Ratings. "Technological innovation in the financial sector is a global trend, reac

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E-payments bring huge benefits to ‘cashless cities’

Relying more on electronic payments, such as cards and mobile payments, could yield a net benefit of up to $470 billion per year across the 100 cities studied in a survey, roughly the equivalent to 3 per cent of the average GDP for these cities, Visa said. “Cashless Cities: Reali

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Global IT spending to reach $3.7trn in 2018: Gartner

Worldwide IT spending is projected to total $3.7 trillion in 2018, an increase of 4.3 per cent from 2017 estimated spending of $3.5 trillion, according to the latest forecast by leading research and advisory company Gartner. Enterprise software and IT services continue to exhibit

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Five emerging technology trends in digital economy

People hold the power to shape and apply technology to create positive change and transform business, said a new report, highlighting the five emerging technology trends that are essential to business success in today’s digital economy. “The Accenture Technology Visio

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