GlobalData's latest report, 'Global Hiring Activity – Trends & Signals Q2 2023', reveals that job postings related to hybrid work increased in industries such as travel & tourism, retail, and financial services.
US and UK saw respective deal volume reducing to almost half - China emerges as notable exception
Twitter owner Elon Musk and Chief Executive Officer Linda Yaccarino have replaced the social media company’s iconic blue bird logo with an 'X' on a black background as part of a wider rebranding strategy. The move has generated diverse opinions among the Twitter influencers, as evidenced by a sharp increase in discussions during the last week of July 2023.
A total of 365 deals (mergers & acquisitions, private equity, and venture financing deals) were announced in the travel and tourism sector globally during the first half (H1) of 2023, which was a decline of 38.8% compared to 596 deals announced during the same period in the previous year, reveals GlobalData.
'Some Twitter influencers opine that the launch of Threads may pose a serious threat to Twitter, as the app has capitalized on the recent technical glitches of Twitter and praised the user experience features of the Threads apps.'
GlobalData finds that IBM is a leader in the AI platform market, followed closely by Microsoft, Amazon, and Google. Salesforce is a niche player, offering numerous operationalized solutions designed to help enterprises glean actionable insights from data to improve the customer experience and sales process.
The UK is poised for a modest economic upturn due to lower energy prices, government support measures, and a robust labor market. However, trade prospects may remain lacklustre due to the sluggish economies of major trading partners.
The travel and tourism industry has witnessed a massive 41% year-on-year (YoY) decline in deal activity from 475 deals announced during January-May 2022 to 282 during the first five of months of 2023, reveals GlobalData.
GlobalData expects Meta and Apple to continue pushing the boundaries of VR and AR technologies. With technological advancement and growing consumer acceptance, more revolutionary features and enhanced user interactions are likely to emerge. With the maturation of this technology, the development of advanced applications in industries such as retail, healthcare, education, and security is projected.
The European Union (EU) recently handed Meta, the owner of the Facebook social media platform, the largest data privacy fine on record, a EUR 1.2 billion ($1.29 billion) penalty for failing to properly safeguard European Facebook users’ data stored and processed in US data centers. The EU penalty is driven by concerns over artificial intelligence (AI) and Generative AI (GenAI), according to research conducted by GlobalData.