Technology News From The Philippines
Blockchain is in a slump, with almost half its 2018 market value wiped out in 2020. But the silver lining in that downfall has been the resiliency of industrial applications, not least in the agri-food market, which has dominated blockchain success stories.
Ride hailing trips fell by 59% in the first of 2020, while new vehicle sales are expected to drop by 26% in 2020.
Enterprise IT has to learn to pivot to accept the new paradigm.
The survey also found that consumers now hold companies accountable for their online reputation.
The figure is more than average for all organizations in the region (74%) but still less than Asia Pacific culture of innovation leaders, where almost all (98%) agree that innovation is a necessity to staying resilient during a crisis.
Ookla said the mobile Internet speed in the country also improved, but at a much slower pace, showing an 99.1% increase in download speed over the last four years.
Foster believes that an increase in focus regarding the infrastructure within an organization today, is a must. In fact, the data sourced from IBM’s study entitled “COVID-19 and the Future of Business” revealed that six out of ten global C-suite executives accelerated the pace of digital transformations in their respective organizations.
The surge was driven by seasonality, new product launches, and the global pandemic. New products from the likes of Apple, Samsung, and others helped renew interest in popular categories such as smartwatches and hearables.
