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Gemini spacecraft. 🚀

Malaysia Turns the Biotechnology Hub of Asia-Pacific

The ever-increasing scope for development in Biotechnology has made it a hot favorite for nations that are striving to build high income-driven economies. According to reports, the Biotechnology market is expanding at +9.9 percent CAGR and is expected to exceed USD 775 billion by 2024.

The Chinese Biotechnology market alone was valued at USD 29.7 billion in 2017. Due to the leap in the number of chronic diseases, innovative technologies in the sector and increasing demand for bio-agriculture products, the Chinese Biotechnology market is expected to achieve a lucrative growth rate of 10.6 percent CAGR by 2024.

Over the last eight years, Malaysia has been actively involved in strengthening its biotechnology ecosystem. By developing their local industries, they have a created a niche for themselves as a reputable Biotechnology hub of Asia. Malaysia’s robust conducive environment combined with high growth potential provides multiple opportunities for the country’s Biotechnology sector to develop to a fully-fledged state.

Strategic Advantages

The country’s rich biodiversity, cost-competitive skilled labor market, excellent transportation networks ICT infrastructure, strong government support, and public-private sector participation are leveraging the growth of Biotechnology sector there. Moreover, the cost-effective nature of the markets makes the country more inviting to do business.

The adoption of Good Clinical and Good Manufacturing Practices ensure that Malaysia remains competitive as a research, development, and manufacturing destination, drawing more investments into the Biotechnology sector.

Exploring new market territories

New Biotechnology and Life Science companies looking to enter the market or companies looking to expand their market presence and sales reach, relish the Malaysian market due to the unique and developed trade linkages it proffers.

As a signatory member of the Asean’s Free Trade Area (FTA) agreement along with Japan, Korea, China, and New Zealand, Malaysia provides access to a regional market of over 500 million people. Also, the Islamic roots of the country Read More

Src: Apac cio outlook

The cybercriminals have turned their gaze toward the digital assets of local governments. The increasing frequency of ransomware attacks has spurred them to adopt cyber insurance to mitigate the damage. However, the implementation of basic policies cannot counter the danger posed by cybercriminals. The insurance serves as a ransom rather than a robust countermeasure for cyberattacks, and hence result in encouraging the hackers rather than stopping them.

Gamification Tied to Business Needs

In 2002, a British programmer and inventor, Nick Pelling coined the term gamification in which the advent gaming concepts are introduced in real life to achieve better user interface design amongst electronic transactions. 

Up to the year 2011, the gamification is not popular until Gartner realized the advantages of gamification and introduced the concept into his Hype Cycle list.

Gartner, a  leading IT research organization, has predicted that more than 50 percent of the organization will be replaced with gamification in the future and will be implemented in almost every part of the life cycle.

In recent years, design features captured through gamification has bought notable changes in the field of academia as well as industry. However, due to the dearth in comprehensive understanding and lack of resources has made gamification to fail.

Full article here:   Gamification tied to Business Needs

With the innovation of technology, both the cellular and Wi-Fi networks are being upgraded. While the technologies will feature their individual improvements,  for some environment, they will also work in collaboration to fill the gaps for other technologies.

In the upcoming years, the technologies of 5G and Wi-Fi 6 will play an essential role to transform the companies digitally. In common words, architects will start using Wi-Fi 6 whenever they can and 5G when they must. However, Wi-Fi 6 may be less costly and faster, but it is not available always. So, if the technologies are integrated, it will not only save money but can also achieve the greatest level of performance.

Here are some of the advantages of Wi-Fi 6 and 5G and examples of how the enterprises can use both the technologies to accomplish their goals. Follow the link to know More

The idea of a smart city is imprinted in the technology sector’s viewpoint diverting technologies to innovate more in the domain. The cities are called smart when technology is incorporated into all fields, raising the level of ease with improved scope for research and development. 

The adoption of these systems into the daily life of the people living in cities, making them healthier, safer, and more prosperous, is occurring at a slower pace than expected. The abrupt hike in artificial intelligence (AI) algorithms, broader availability of low-cost IoT sensors, and distributed hybrid multi-cloud IT architectures have unraveled a plethora of opportunities in the development of smart cities. Factors that drive the growth of interconnected smart cities are: Read More

Consumers in the APAC region are shifting to mobile-based payments and services. Survey reports have pointed at further growth in the popularity of mobile banking. Providing ideally purposeful products can help banks tap the in-demand market segment.

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