NEWS
APAC seeing significant growth and innovation in DataOps platforms .
new report by MarketsandMarkets
A shows the APAC region experiencing a rapid adoption of DataOps platforms , driven by various factors such as the exponential growth of big data , the prevalence of cloud computing and the advancements in artificial intelligence .
The report projects the global DataOps Platform Market growing from US $ 3.9 billion in 2023 to US $ 10.9 billion by 2028 at a CAGR of 23 %.
The CAGR of APAC is estimated to be the highest during the forecast period with the region ’ s business ecosystem for DataOps platforms described as diverse and rapidly evolving , encompassing what the report identifies as a broad spectrum of technology vendors , service providers and consulting firms that cater to businesses of all sizes , offering comprehensive end-to-end data management solutions .
“ As the demand for efficient data management intensifies , the Asia Pacific region is witnessing significant growth and innovation in the field of DataOps platforms .
“ In order to speed digital transformation activities across sectors and support datadriven decision-making , the market will see an increase in demand for scalable , secure and agile DataOps solutions ,” the report says .
Developing Singapore into an Open and Trusted Global AI Hub technology ecosystem in Singapore so AI can be implemented at scale .
Working together , Google Cloud and MCI will also look to :
Google Cloud and Singapore ’ s Ministry of Communications ( MCI ) have shared collaboration plans to bolster Singapore ’ s national artificial intelligence ( AI ) vision and strategy .
“ We welcome the opportunity to work with Google Cloud as we develop our plans to support the growth of the digital economy , and realize the benefits that AI brings to our people and enterprises in a safe and responsible way ,” said Andrea Phua , Director , Digital Economy Office , MCI .
Google Cloud ’ s next generation AI infrastructure is already available to the
• Accelerate the development of homegrown AI technologies
• Build a sustainable pipeline of talent for the future AI economy : Skilling initiatives to deepen AI capabilities and competencies
• Supercharge the adoption of cloud AI technologies in Singapore
• Root Singapore ’ s AI progress in Responsible AI
“ We will create a vibrant AI ecosystem and thriving AI startup economy , accelerate business transformation and innovation and develop the AI capabilities of Singapore ’ s workforce ,” said Karan Bajwa , Vice President , Google Cloud Asia Pacific .
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