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The global technology industry is bracing for a period of slow growth and instability , with significant implications for both enterprises and governments. This anticipated slowdown, influenced by inflation, interest rate hikes, geopolitical tensions, and the lingering effects of the Israel-Gaza, Russia-Ukraine conflicts, calls for strategic adjustments across the board. Impacts and Strategic Responses For Enterprises, the focus shifts towards optimizing investments and streamlining operations to navigate the slowdown effectively. Key areas to watch include: ? Software and IT Services: Poised for double-digit growth in 2024, driven by a significant 20.4% increase in public cloud services spending. This sector remains a bright spot, reflecting the ongoing shift towards digital and cloud-based infrastructures. ? Cybersecurity: With 80% of CIOs planning to increase investments, this area stands out as essential for protecting assets in an increasingly digital world. ? Hardware Spending: While PC spending has receded from its peak, the demand for infrustructure continues to grow at slower pace. For Governments and Countries, the technology spending slowdown has broader economic and strategic ramifications: ? R&D and Innovation Funding: The fiscal squeeze might limit government budgets for research and development slowing down innovation and affecting countries’ ambitions to be technological leaders. ? Strategic Technology Focus: A more targeted approach towards funding technologies deemed critical for national security and economic competitiveness might emerge at the expense of a broader innovation ecosystem. Signals to Watch and Steps to Take Enterprises should remain vigilant for shifts in consumer demand, regulatory landscapes, and technological advancements. Key strategies include: ? Streamlining IT Infrastructure: Making existing processes more efficient and cost-effective is crucial. ? Focusing on Cybersecurity and Cloud: These areas are critical for future-proofing businesses against emerging threats and leveraging cloud efficiencies. ? Agility and Customer Value: Developing flexible business models and focusing on delivering exceptional customer value can help maintain competitiveness. Governments need to monitor global economic indicators, innovation indices Strategic actions include: ? Prioritizing High-Impact R&D: Targeted investments in research and development can drive innovation even in times of fiscal constraints. ? Balancing Fiscal Prudence with Strategic Investments: It’s crucial to invest in technologies that offer the most significant potential for economic and security benefits.

?? REGISTER NOW for DC’s premier tech policy summit, The Intersect, and join us for an unparalleled opportunity to connect with leaders from the incoming Administration and Congress, as well as visionaries driving the future of digital innovation and governance. ? Following one of the most pivotal election years in history, the global tech landscape is shifting. Major policy conversations on AI, cybersecurity, trade, and economic security will shape the trajectory of industries worldwide. #TheIntersect2025 will bring together global leaders to tackle critical questions: ?? What’s next for AI technology? ?? How can the next Administration collaborate with tech to enhance cyber defenses and government efficiency? ?? With 2025 dubbed the “Super Bowl” of tax policy, what’s the impact on tech and the global economy? ?? How will the U.S. navigate global relationships, especially with China? ? Secure your spot now and be part of the conversations defining the future of technology and governance. ? ?? Register today:??https://lnkd.in/eqt7pAya

?? The Future of Digital Transformation: A Call for Stronger Public-Private Collaboration The Network Readiness Index 2024 highlights a pivotal shift—Public-Private Partnerships (PPPs) are no longer confined to physical infrastructure; they are now fundamental to digital transformation. As technology and policy converge, the role of Digital Public-Private Partnerships (DPPPs) has expanded to address critical challenges in AI adoption, cybersecurity, cloud infrastructure, and digital equity. ?? Key Takeaways from NRI 2024: ? Global Digital Leaders: Countries like the United States, Singapore, and Finland lead in network readiness, demonstrating the impact of strategic digital investments. ? Digital Equity & Inclusion: Governments prioritizing broadband accessibility, AI-driven public services, and regulatory innovation are reducing the digital divide. ? New Financial Models for Scaling Innovation: Blended finance, combining public and private capital, is unlocking sustainable investments in digital infrastructure. ? Resilience in the Post-Pandemic Era: COVID-19 underscored the urgency of digital readiness, accelerating e-government, fintech, and AI-powered decision-making. What’s next? ?? Regulatory frameworks must evolve to balance innovation, security, and public trust. ?? Strategic partnerships will be key in navigating emerging challenges in AI governance, cloud sovereignty, and cross-border data flows. ?? Investment in digital capabilities—both infrastructure and human capital—will define the next era of economic competitiveness. #DigitalTransformation #PublicPrivatePartnerships #AI #CloudComputing #Cybersecurity #Innovation #NetworkReadinessIndex2024 #Sustainability #FutureOfWork #Leadership

How China swerved worst of global tech meltdown While most of the world was grappling with the blue screen of death on Friday, one country that managed to escape largely unscathed was China. The reason is actually quite simple: CrowdStrike is hardly used there. Very few organisations will buy software from an American firm that, in the past, has been vocal about the cyber-security threat posed by Beijing. Additionally, China is not as reliant on Microsoft as the rest of the world. Domestic companies such as Alibaba, Tencent and Huawei are the dominant cloud providers. So reports of outages in China, when they did come, were mainly at foreign firms or organisations. On Chinese social media sites, for example, some users complained they were not able to check into international chain hotels such as Sheraton, Marriott and Hyatt in Chinese cities. Over recent years, government organisations, businesses and infrastructure operators have increasingly been replacing foreign IT systems with domestic ones. Some analysts like to call this parallel network the "splinternet". "It's a testament to China's strategic handling of foreign tech operations," says Josh Kennedy White, a cybersecurity expert based in Singapore. "Microsoft operates in China through a local partner, 21Vianet, which manages its services independently of its global infrastructure. This setup insulates China’s essential services - like banking and aviation - from global disruptions." Click below to read the rest on the BBC =

Israel’s private funding grew 31% in H1 2024, outpacing other regions. The US saw a 28% increase, while Europe and Asia experienced declines of 6% and 18%, respectively. Surprising? How does this fit into the context of what's happening in Israel, tech and the world at large? Check out Startup Nation Central's H1 2024 Report to learn more! The report highlights how despite the challenges, the Israeli tech ecosystem has shown remarkable resilience and growth in the first half of 2024. Drawing from the business-engagement platform, Finder, the data shows that growth in mega rounds and cybersecurity overshadowed Israel's risks, keeping the investment landscape vibrant. Here are some key insights: ??Growth in mega-rounds and cybersecurity overshadowed Israel's risks, keeping the investment landscape vibrant. ??Private funding in H1 2024 saw a remarkable 31% increase, totaling $5.1 billion ??Cybersecurity alone represents 52% of private funding ??M&A exits surged to $4.1 billion, marking a 70% increase from H2 2023 ??Global investors participated in rounds accounting for 93% of all funding ??The Nasdaq Finder index signals a recovery in private finance in 2024 Access the report here- https://okt.to/Two5hP

Technology start-ups are the target of foreign adversaries. The US National Counterintelligence and Security Center (NCSC) has issued a stark warning to technology start-ups about the growing risks posed by foreign adversaries, particularly China, leveraging investments to access sensitive data and intellectual property. Strider CEO, Greg L., emphasized the gravity of the situation, stating, "It’s a model that China has employed to great success, getting access to emerging frontier technologies and replicating it while the start-up is still early-stage." Start-ups are urged to carefully scrutinize their investment sources to safeguard their innovations and ensure national security. Read the full article in the Financial Times: https://lnkd.in/gQ3TvBzV

In line with its commitment to fostering digital transformation, the Vietnamese government recently issued Decision No. 1132/QD-TTg (October 19, 2024), outlining its Digital Infrastructure Strategy to 2025 with Orientation to 2030. This comprehensive strategy aims to create favorable conditions for both domestic and international businesses to invest in digital infrastructure, with a strong emphasis on cybersecurity. The strategy focuses on four main components vital to the country’s economic growth: telecommunications and internet infrastructure, data infrastructure, physical-digital infrastructure, and digital utility infrastructure, including technology as a service. Key milestones for 2025 and 2030 include universal fiber optic access, nationwide 5G coverage with increased speeds, investment in international undersea fiber optic cables, and the establishment of AI and green-standard data centers, and more. The government has outlined core tasks to achieve these goals, offering significant opportunities for investors. To read more about Vietnam’s digital infrastructure strategy, follow the link below or contact the authors: Tram NGUYEN and Giang Thi Huong Tran. https://lnkd.in/ghRkCu_a

In May, Microsoft Corp. and G42, an #artificialintelligence business from the United Arab Emirates, announced a $1 billion investment in Kenya, which involves the #construction of a geothermal-powered data center. This agreement, mediated by the US and UAE governments, coincided with a summit in #Washington between President Joe Biden and Kenyan President William Ruto. The program is seen as a potential pattern for government-business collaborations aimed at increasing US influence in the Global South, notably in Africa and Central Asia, where China has a strong presence. Microsoft and G42 intend to collaborate on numerous projects in the next years, using the UAE's regional relationships. Despite the potential benefits, there are growing concerns in Washington about the Microsoft-G42 partnership's #nationalsecurity ramifications. The agreement includes a $1.5 billion investment by Microsoft in G42, subject on G42 ceasing business with Chinese enterprises. Officials at the Pentagon, however, remain doubtful about G42's capacity to completely cut ties with China. Furthermore, recent #cybersecurity breaches at Microsoft have raised concerns about foreign countries gaining access to key US networks. There are also concerns about exporting powerful AI #technology to Gulf nations with poor human rights records. One important question is whether to permit shipments of Nvidia Corp.'s H100 chips, which are critical for AI #datacenters, to the Middle East. Some officials regard this as a serious threat, equivalent to nuclear proliferation. The Biden administration has stalled the permission process for large-scale AI chip exports to the Gulf, and it is unclear whether these approvals would be given. US authorities expect to strike an agreement in the next months. The opposition to the Microsoft-G42 agreement could jeopardize the United States' aspirations to lead in #AIdevelopment, a critical component of the ongoing struggle with China. US authorities want to ensure that American companies, not Chinese competitors, benefit from the Gulf governments' plans to create AI initiatives. By providing access to #Americantechnology, they seek to persuade Middle Eastern countries to cut ties with Beijing. "We are working closely with the National Security Council and the Department of Commerce, and US national security will remain a top priority," said Microsoft spokesperson David Cuddy. The United States government has a history of collaborating with large corporations to expand its global reach, and the Biden administration is no different. However, these efforts frequently pale in comparison to Chinese #investments in emerging nations. https://lnkd.in/fzpnPPW #microsoft #G42 #kenya #africa #techinvestment #digitaltransformation #cloudcomputing #AI #SustainableTech #Kenya?#businesscollaboration #technology #DigitalKenya #StrategicInvestment #sustainablebusiness #business #digitalskills #cloudservices #geothermaldatacentre Microsoft G42

The Economist discusses the escalating tech rivalry between the United States and China, with Asia being the primary battleground. Both superpowers are vying for technological dominance, influencing everything from 5G networks to artificial intelligence. The competition is not just about economic supremacy but also about setting global standards and securing geopolitical influence. The article suggests that while China has made significant strides, the outcome of this tech war is still uncertain https://lnkd.in/gW7v6x9V

Mr Jaijit Bhattacharya is the man to talk to if you want to understand why Tech Sovereignty is everything to be in the Big Boys' club. Do read his article in our magazine. Link shared in the post below.