Tag: cloud computing

Artificial Intelligence (AI) is arguably one of the most prolific buzzwords of the past decade. Since the advent of ChatGPT in late 2022, AI has become a hotly debated topic beyond the boardroom, reaching casual dinners and braai's. True, AI presents potentially both humanity’s greatest achievement and unknowable prodigious risk. True, AI presents potentially both humanity’s greatest achievement and unknowable prodigious risk.

Increasingly dominated by cloud solutions, the global payroll and HR software market is forecast to top $61 billion by 2030. This growth reflects the shift towards cloud-based payroll and HR systems in businesses of all sizes and across industry sectors. The adoption of cloud-based systems has had a disruptive influence on the way businesses manage their payroll and HR functions.

There has been a remarkable shift to digital payments in South Africa and the rest of Africa in recent years. To put this into perspective, McKinsey anticipated that electronic payments would accelerate by an estimated 150% to reach $40 billion in revenues and 188 billion in transaction volumes between 2020-2025.

World Innovation and Creativity Day fell on the 21st of April, reminding us of the boundless potential inherent in human ingenuity and technological advancement. Artificial Intelligence (AI) stands at the forefront of this celebration, reshaping the landscape of business operations and customer engagement. The combination of advanced data analytics with cloud computing has propelled AI into the spotlight, making its integration more accessible across industries.

Cars may be confined to the road but, increasingly, they depend on the cloud. From design and manufacture of vehicles to driving and maintenance, cloud computing has become critical to every part of the literal and figurative journey.

The trade finance ecosystem plays a crucial role in facilitating international trade by providing financing and risk mitigation services to importers, exporters and other participants in the global supply chain. In recent years, the trade finance ecosystem has undergone significant transformations driven by technological advancements and the growing importance of data – and we’re proud to be leading the charge in and for Africa.

According to our survey, overwhelming majority of South African companies concerned about cloud security. In a local survey of 500 CTOs, Directors, C-suite respondents and business owners, we reveal that 89% of South African business leaders view cloud security as a major concern.

While South Africa has fended off the threat of recession after recording a slight growth in the first quarter of 2023, the global tech industry is still being cautious as it prepares to weather a storm. Tech companies are looking at optimising their costs across the board, with one such area topping the list of CIOs’ being controlling cloud expenditure.

Special Economic Zones (SEZs) and Industrial Development Zones (IDZs) play a vital role in promoting economic growth, attracting investments and driving industrialisation in Africa. As the world embraces rapid technological advancements, it is crucial for SEZs and IDZs to adapt and adopt technological change to remain competitive and foster sustainable development.

Enterprise Resource Planning (ERP) software has seen rapid growth in recent years following the COVID-19 pandemic. Even though it can be deployed quickly, ERP systems are complex and require significant computing resources, which can be expensive to acquire and maintain in-house.