According to a study released today by Nokia and EY, businesses that have already implemented industrial metaverse use cases report more benefits than those that are still in the planning stage anticipate, especially in terms of capital expenditure reduction (15%), sustainability (10%) and safety improvement (9%).

Read more: Nokia and EY Research: Enterprise, Industrial Metaverse Outperforming Expectations

Amidst the dawn of the 5G era, Chinese operators have emerged as trailblazers, achieving remarkable triumphs in both the technical and business domains. The forthcoming MWC Shanghai 2023, a magnificent ICT extravaganza scheduled from June 28 to June 30, promises to be an unparalleled event where esteemed executives from telecom operators and leading equipment manufacturers will converge to impart their profound insights on the ever-evolving landscape of the mobile industry.

Read more: The Power of 5G: MWC Shanghai to Highlight China's Technology Evolution

The world is headed for a digital-first economy, with new industries such as the metaverse, artificial intelligence and digital currencies taking precedence in the global digital transformation. However, the integral component that will power these emerging technologies — the semiconductor or chip, which is central to all things electronic — faces a turbulent production environment. Sometimes even referred to as the “petroleum of the 21st century,” the semiconductor industry is concentrated mainly in Asia (about 72% in 2022), primarily mainland China, Taiwan and South Korea. And these countries are prone to unexpected geopolitical unrest given their current political standings.

Read more: Rolling in the Chip: A Semiconductor Quandary

The Telecommunications and Digital Government Regulatory Authority (TDRA) has launched a multi-pronged package of artificial intelligence (AI) services to enhance digital government enablement by leveraging the technology, which is making headlines in the era of the Fourth Industrial Revolution, as part of TDRA’s strategic role in meeting its digital transformation objectives.

Read more: TDRA Leverages AI Power for Digital Government Enablers

The latest Nokia Threat Intelligence Report released found that IoT botnet DDoS (Distributed Denial of Service) traffic, originating from a large number of insecure IoT devices with the aim of disrupting telecom network services for millions of users, increased fivefold over the past year.

Read more: Botnet-Driven DDoS Attacks Hit 1 Million IoT Devices, Finds Nokia Report

A recent survey revealed that Saudi Arabia is set to accelerate its hybrid multi-cloud deployment over the next three years. Currently, only 45% of companies in the country utilize multiple IT modes, indicating that they are still in the early stages of their digital transformation and cloud migration journeys.

Read more: Saudi Arabia's Hybrid Multi-Cloud Deployments to Expand in Next Three Years

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