International Business Magazine Issue 12 by International Business Magazine

WELCOME NOTE FROM Managing Director Shashank M Co-Founder & CEO Shankar VS Chief Editor Madhusmitha V Patil Editor Ujal Nair Assistant Editor Medhaj Nair Head of Operations Kevin Harris Head of Production Shank Mendez Head of Research Laura Edwards Head of Media Sales Charles Grey Media Sales Manager Chris Young Advertising contact chris@intlbm.com Content Managers: Daniel Edwards, Sumana Shankar Business Development Paul Cooper, Alisha Taylor, Jane Sanders, James Smith, Jason Graphic Designer R Ravi Kumar Account Manager Agnes Wong

EDITOR Time to put recovery on cruise control Our world is slowly grinding back to recovery after the disastrous 2-year-long pandemic that brought the world as a whole to a standstill. World leaders are cordially coming together for a globally wholesome solution to this financial turmoil.

While the Russia-Ukraine war took center stage at the recently concluded World Economic Forum in Davos, the debt crisis and the rising inflation has been the main stress points for every policy decision. The debt crisis seems to be the tip of the iceberg with most of the citizens facing complications pertaining to livelihood crisis and climate change. In this latest issue, you will come across a very interesting article about the effects of Stagflation and how it is inspiring policymakers across the world. While 2021 was highlighted by slow growth, 2022 is largely populaized by the term ‘Stagflation’. This issue also gives you a glimpse into the technology trends in retail that is favouring the rise of IoT in the sector. With industrial output increasing slowly with each passing month, the prospect of incorporating industrial robots seems enticing for many. This, coupled with the notorious phenomenon of ‘The Great Resignation’ in the developing countries, the automation market is set to witness a boom in the coming years. All this and more about the snail-paced economic recovery from across the globe. Read on!!

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Content Business

10 Ideas To Make Your Pitch Deck a Success

Public First: UAE Economy in 2021 attained an estimated AED 11.3bln from Google

MBRGI-WEF partnership to build global space for Food Innovation Hub

Corporate

Economic recovery in times of post-pandemic Stagflation

The Rise of Alternative Dispute Resolution Methods on the International Stage

Hyundai Motor Group to invest USD 10 billion in the US by 2025

Education

Reasons to pursue MBBS in the USA

Finance

Mayday with Summer Mayflowers

ADDX raises USD 58mn with the Stock Exchange of Thailand, UOB as Shareholders

Trade Development Fund endures being access point for SMEs

Infrastructure

OPEC funds new road project in Rwanda with USD 18mn loan

Retail

Technology Trends Enabling IoT in Retail

Technology

Saudi Arabia Offers Programs To Facilitate Export Of solar panels

Business

It is said that the best way to win an argument is

sparingly and keep in mind that the main purpose of

with words. The most persuasive arguments are

your slides is to briefly highlight what you’re talking

those which appeal to both emotion and logic, using

about. So, no more than 10 words per slide, please.

rhetorical devices such as pathos, logos, and ethos. However, what if you’re not a natural-born public speaker? What if you just want to present your ideas in a clear fashion without having to entertain or persuade anyone? A good deck of slides can do that for you. With these 10 tips, you’ll be able to create effective and best pitch decks for any situation! 1) Keep it short. People’s attention span is shorter than ever before.

2) Use clear language. Remember when we were children and our parents would correct us whenever we used big words inappropriately? Well, never forget how it felt back then. Keeping your phrasing simple and clear will keep your audience focused. It is easy to go off topic when you over-complicate things. 3) Remember War and Peace?

A presentation should last no longer than 20 min-

Have you ever watched a big-budget movie where

utes (less if possible). Slides should be used only

the director takes too long to get to the point of the

Business

story? Chances are that at some point he lost his

need for your presentation equipment, especially if

audience or that the movie was simply too long or

it’s just a laptop with two monitors (a must these

boring. The same thing happens when you are pitch-

days). Make sure to measure the room and possibly

ing your idea. Keep it short and to the point. 4) Be honest about what you’re selling. If someone asks for a product, make sure you really have something to sell before you start your presentation. Do some research about their business, company, and their needs. If you can deliver, great. But if not, you might want to reconsider your approach or simply offer to do some research.

do a test run before you actually need it. Otherwise, you will end up having a very unhappy audience waiting for your slides to pop up on the screen. 6) Avoid jargon. Even if everyone in your industry speaks “jargon”, this won’t be the case with other people in general. When you use terminology that only people in your field understand, it alienates the potential investor

5) Be prepared for space issues.

or customer. It’s like speaking a foreign language —

It is easy to underestimate how much room you will

their brain will likely just turn off to protect itself.

there is no common ground of understanding and

Business 7) Don’t rush through your presentation.

Pitch decks are a crucial part of any business. They’re not just for sales pitches; they can also be

We know, you’ve got 100 things to do today and you

used to present your company’s strategy, goals, and

have a limited time to get your point across. That

vision. However, the process of creating effective

is exactly why you should invest some time in pol-

pitch slides is often not as easy as it seems. So start

ishing your presentation. Don’t just hit the clock and

creating your pitch and make that client say yes!

start talking about your idea! Take the time to organize it properly, prepare for any questions that might come up during the presentation, rehearse if necessary (and please do!), etc. If you rush through your presentation deck, you might just miss out on the most important part of your pitch. 8) Keep it professional. Nothing gets people off track faster than a badly-designed sales deck or messy handwriting. Remember that these are not just pretty pictures — they are essential tools for you to get across what you need to say. 9) Watch out for your animations. Quality matters. You might have spent hours perfecting each element of your slide deck, but if you end up using cheesy animations, it will utterly destroy the presentation’s credibility. Test all your animation before you’re on stage to make sure they are working properly. 10) Have fun! The worst kind of pitch presentation slides are those that look like a school presentation, and the reason for this is simply because not many people enjoy them. Please don’t be afraid to use colors or unusual shapes in your presentation. You will immediately get more attention from the audience when you do.

Business

Public First: UAE Economy in 2021 attained an estimated AED 11.3bln from Google

Business

Google recently announced unveiling Google Impact

Globally, Google releases Impact Reports which are

Report, a report conducted by Public First research

based on public polling, economic modeling, and

agency, overviewing how Google products (Search,

third-party data. Public First estimates that Google

Play, Maps, YouTube, and Google Ads) help people,

drove AED 11.3 billiozn in economic activity in the

local businesses, content creators, and developers

UAE in 2021.

in the UAE, Saudi Arabia, and Egypt.

It’s great to see the positive impact Google products like Search, YouTube, Maps, and Android have on the daily lives of people in the UAE, local business owners, developers, and content creators. For 13 years, Google has been present in the UAE driving growth and economic contribution and we’re deeply committed to continuing investing and doing more through programs and local partnerships. Anthony Nakache Managing Director for Google in the Middle East & North Africa

In the last couple of years, Covid-19 has helped accelerate some pre-existing trends such as the rise of e-commerce, the shift towards remote working and the use of online tools to support lifelong learning. In our research, people and businesses across the Middle East told us how important Google’s tools and services had been in enabling them to adapt to these changes: helping small businesses start to sell online, supporting workers to collaborate better online and children to keep learning. Jonathan Dupont Partner at Public First

Public First Report also added that In October 2020,

program aims to accelerate the MENA region’s eco-

Google announced a $13 million USD fund to help

nomic recovery through digital transformation, by

one million people and businesses in the Middle

offering digital tools, training, and financial grants to

East and North Africa learn advanced digital skills

support local businesses and job seekers.

and grow their businesses by the end of 2021. The

Business

On the sidelines of the World

egies to achieve and enhance

Rashid Al Maktoum, Vice Pres-

Economic Forum Annual Meet-

food security. In doing so, it will

ident and Prime Minister of the

ing 2022 at Davos, Mohammed

help achieve the United Nations’

UAE and Ruler of Dubai, MBRGI

bin Rashid Al Maktoum Global

2030 sustainable development

is one of the largest institutions,

Initiatives (MBRGI) has signed an

goals, especially the second goal

regionally and globally, to battle

agreement with the World Eco-

of ending hunger.

hunger and malnutrition, and provide less fortunate communities

nomic Forum (WEF) confirming

with food support.”

the intention of the two sides to

The agreement confirms Dubai

cooperate in the creation of the

as the international headquar-

Global Platform for Food Innova-

ters for the annual meeting of

For her part, Her Excellency Mar-

tion Hubs.

the Food Innovation Hubs. It also

iam Almheiri, Minister of Climate

stipulates that MBRGI will also

Change and Environment, said:

WEF established the Food Inno-

join the Supervisory Board of the

“In 2018, the UAE announced the

vation Hubs initiatives to boost

Food Systems Initiative and the

National Food Security Strategy

the local innovation ecosystems

Steering Committee of WEF’s

2051 to develop a comprehen-

to smoothen up the food system

Food Innovation Hubs.

sive national ecosystem that enables sustainable food production

transformation, and this latest global platform will contribute

His Excellency Mohammad Ab-

using smart technology across

to focusing and accelerating the

dullah Al Gergawi, Secretary-Gen-

the value chain and enhancing

scope of innovation to improve

eral of MBRGI, emphasized that

initiatives that utilize research

sustainable

“addressing global food challeng-

and development capabilities.

es requires innovative thinking

The MBRGI-WEF collaboration to

and international innovation ac-

establish the Global Platform for

Industry sources added that the

celerators through which we can

Food Innovation Hubs supports

novel Global Platform for Food

develop modern solutions. The

that objective and will impact

Innovation Hubs aims to enhance

agreement with Davos provides a

food security locally, regionally,

joint international scientific and

global platform for collaboration

and globally.”

research cooperation in the field

with all stakeholders.”

food

production

mechanisms around the world.

She added: “International co-

of food, exchange knowledge, experiences, and data to develop lo-

His Excellency Al Gergawi stated:

operation is key to determining

cal food production systems, and

“In line with the directives of His

food requirements of countries

support national and global strat-

Highness Sheikh Mohammed bin

and communities for the coming 13

Business

years and decades, and the ideal

from both sides.

bringing about qualitative future

direction to accelerate the application of research results, stud-

The agreement, which paves the

transformations to deliver inte-

ies, innovations, and promising

way for three-year cooperation,

grated systems for food innova-

technologies in various fields of

was signed by His Excellency

tion. They are also fully commit-

food production, especially in a

Saeed Al Eter, Assistant Secre-

ted to supporting research and

manner that meets the demand

tary-General of the Mohammed

development, the transfer and

for sustainable economic devel-

bin Rashid Al Maktoum Global

dissemination of knowledge, and

opment and food security, while

Initiatives, and Sean De Cleene,

the integration of the applications

also preserving water and envi-

member of the Executive Com-

of the Fourth Industrial Revolu-

ronmental resources.”

mittee of the World Economic Fo-

tion such as artificial intelligence

rum, in Davos, Switzerland, in the

and data science to accelerate

The agreement, which paves the

presence of a number of officials

food security for countries and

way for three-year cooperation,

from both sides.

societies most affected by the repercussions of climate change,

was signed by His Excellency

for food production globally and

Saeed Al Eter, Assistant Secre-

His Excellency Saeed Al Eter

crises, and rapid economic trans-

tary-General of the Mohammed

stressed that, under the direc-

formations.

bin Rashid Al Maktoum Global

tives of His Highness Sheikh Mo-

Initiatives, and Sean De Cleene,

hammed bin Rashid Al Maktoum,

Al Eter stated: “Approximately 800

member of the Executive Com-

the Mohammed bin Rashid Al

million people across the globe

mittee of the World Economic Fo-

Maktoum Global Initiatives sup-

suffer from hunger or malnutri-

rum, in Davos, Switzerland, in the

port all efforts aimed at develop-

tion. The crises that the world

presence of a number of officials

ing mechanisms and techniques

has witnessed during the past

Business

few years have directly affected supply chains, especially in the food sector, which underlines the urgent need to develop systems, options, and alternatives to enhance food production at national levels, and provide interconnected and effective food safety nets locally and globally.” He added, “The world’s population is expected to reach 9.7 billion people by 2050. In this context, Mohammed bin Rashid Al Maktoum Global Initiatives’ support for the establishment of the Global Platform for Food innovation Hubs, which will be present in 17 global cities on five continents by 2030, is designed to achieve a sustainable future for food production, contribute to meeting the demand in present and future.”

For his part, Sean De Cleene said:

knowledge, empowering commu-

“Through the global network of

nities, and granting humanitarian

Food Innovation Hubs, we seek

and relief aid, will give significant

to build a strong country and re-

momentum to the efforts of the

gional innovation ecosystems

Food Innovation Hubs. It will help

for the food systems to facilitate

create a global platform that ac-

partnerships between farmers,

celerates the transfer of knowl-

innovators, financiers, govern-

edge and innovation in agri-food

ments, private sector, and other

systems, research, and mech-

to accelerate and expand innova-

anisms,

tions, investments, and collabo-

between countries, and provides

ration towards positive transfor-

new opportunities to build a more

mations in safeguarding people

sustainable future that meets the

and the planet.”

ambitions of individuals and so-

expands

cooperation

cieties.” He added: “WEF’s cooperation with the Mohammed bin Rashid Al Maktoum Global Initiatives, which is known for its humanitarian and development initiatives that make a qualitative difference in the lives of communities around the world by sharing 15

Corporate

conomies around the world are still recovering from the ill-effects of the COVID-19 recession

that began in the month of February 2020. It was a chain of events that transformed into a domino effect, beginning with the 2020 stock market crash. The curve in the US market returned to normalcy only after key policy changes were undertaken. It needs to be noted that the crash occurred at a time when the IMF had reported in 2019 that the world economy was going through a ‘synchronized slowdown’ and was entering into its slowest pace since the Great Recession in 2007 and 2009. Today, when we contemplate our actions for the post-pandemic era in 2022, it has been observed

Rising prices, Dwindling revenue Raffi Boyadjian, a top Investment Analyst at XM Global explains that Stagflation is the phenomenon when the inflation is running high but the economic growth is either very slow or is negative. This is usually accompanied by high unemployment rate.

consumer price inflation across Europe. There are

According to a popular belief, oil prices have a direct effect on the consumer sentiments which leads to lower productivity and hence, lowers the GDP. Another theory behind stagnation is the poor economic policy from the financial leaders. The recent economic crisis in Sri Lanka is one of the best examples of a self-inflicted economic recession in the country. In this post-COVID recovery phase, most of the production firms are not able to meet the demands, due to which the prices are raised. The problem becomes more complex when the employees demand a hike in salaries to match up to the rising inflation

reports going around of a 7.5% inflation rate which

rates.

that the global economy is still reeling under the after-effects of the two-year pandemic. It has been reported that the GDP growth in the first quarter of 2022 has been slower than in the last quarter of 2021. The declining manufacturing activity since 2017 affected the overall consumer market, which further deteriorated with the COVID-19 sponsored high unemployment and inflation rates. he recent Russia-Ukraine war has led to a soaring

is the highest ever in the history of the European Union. The unemployment rate in February 2022, was recorded at 6.8 percent. The low productivity rate and the high inflation rate have projected high economic stagnation in the European Union, opening the discussion to Stagflation.

Corporate

in times of post-pandemic Stagflation

Corporate The reason for the current inflation rates is largely

productivity, which would lead to rise in the employ-

due to the geopolitical tensions across several bor-

ment rates, leading to a positive sentiment across

ders and the precautionary measures being taken

the market, thus leading to the growth in the GDP.

to fight the global pandemic. The current economic

With GDP on the right trajectory again, the monetary

stagnation could be mitigated through proper coor-

policies could focus more on investments rather

dination and cooperation between the world eco-

than inflation.

nomic superpowers. Raffi adds, “In Europe, where the growth is not as Devaluation and scarcity of money

high as that of the US, but experiencing the same levels of inflation, the central bank could observe

One of the main reasons why stagflation is hitting

patiently and wait for the inflation to go down on its

the boards badly across the globe is the slow eco-

own accord. It should avoid triggering another price

nomic growth, accompanied by the obvious unem-

shock by raising the interest rates.”

ployment rate and the unforeseen price rise of the commodities. The in-majority Middle-class section

The Global Economic houses are keeping a keen

of the society are earning less and the money they

eye on the US federal reserves and the European Un-

hold is gradually losing value.

ion, expecting the inflation to subside by the end of the summer. The supply chain needs to break away

The ongoing Russia-Ukraine war in Europe is in-

from the shackles of the geopolitical tensions and

creasing the input costs for energy and other essen-

the pandemic-induced challenges to meet the mar-

tial resources for production. The US is also consid-

ket demands, which would be the first big respite

ering a hike in the interest rates while China is being

against this ongoing stagflation.

cautious with any new stimulus for new projects. Every country in the world, post the first quarter of 2022 is focussing on inflation, rather than growth. The consumption power is still very low while the macroeconomic policies are yet to meet the expectations of the corporate houses. This wave of uncertainty that is flowing across the globe could be contained with an increase in

Article by Ujal Nair

Corporate

The Rise of Alternative Dispute Resolution Methods on the International Stage

Corporate

Alternative dispute resolution methods are becom-

whether they be personal or business or even a par-

ing major players on the International business

ty’s fan base.

stage as part of the post-covid world said Mr. Joseph George co-founder of George & George ADR

Mediation

Group. Alternative dispute resolution, otherwise referred to as ADR, includes mediation, arbitra-

Mediation is a process in which parties meet with

tion and business negotiation. These tools share

a third-party neutral person who will assist them in

a very powerful characteristic in that they operate

negotiating their disagreement. The neutral media-

independently from the court system and give the

tor is mutually selected by the parties and is pres-

parties both privacy and control over the process.

ent to facilitate the discussion and help the parties

In the business world, common disputes such as

reach the optimal solution. The mediator will help

breach of contract, non-compliance or failure to

the parties explore the issues at hand and help them

deliver are commonly resolved through mediation

tailor a unique resolution to their particular circum-

and arbitration. Today, alternative dispute resolution

stances. Once a resolution is reached the mediator

methods are facilitated across the globe by local,

can help the parties memorialize their agreement so

state, and federal courts, and employed by Fortune

that they can sign it.

500 to Fortune 1000 companies, as well as government agencies, and non-profits.

Sometimes mediation is used prior to the filing of an official complaint in court and sometimes it is used

Mr. George has worked with celebrity clients who

as a last-ditch effort to negotiate prior to trial. Tech-

prefer the privacy and confidentiality of mediation.

nology such as Zoom, Microsoft teams, GoToMeet-

Celebrity clients who seek to keep their business

ing and WebEx have enabled lawyers and mediators

from the spotlight can use mediation to ensure

to engage in mediations internationally without trav-

that the details of their dispute do not become pub-

eling and without risking covid exposure.

lic knowledge. In addition to the private nature of the mediation process, celebrities will often include

Mediation is advantageous in a myriad of situations

NDA non-disclosure agreements as part of the pro-

including employment conflicts, personal injury cas-

cess. Often celebrities maintain several business-

es, small and/or family business conflicts, insurance

es at once that require multilevel management and

claims, workplace conflicts, bankruptcy matters,

unfortunately that comes with all types of challeng-

real estate conflicts, as well as conflicts relation to

es. The privacy and confidentiality of mediation

construction matters.

can go a long way towards preserving relationships

Corporate Arbitration

International ADR

Arbitration is a process in which disputing parties mutually agree to submit their dispute to an arbitrator who has undergone a conflict-of-interest check and who will decide their matter. The arbitration may be binding or non-binding depending on the agreement stipulated by the parties. Arbitration is a tool that can be used by individuals, but it is common in business disputes. In fact, while an agreement to arbitrate can be made after a dispute has already occurred, it is common for business parties to agree to arbitrate any future disputes when their relationship is established. Many common contracts will include an agreement to arbitrate. Arbitration is found to be highly useful in patent and trademark matters, complex construction disputes as well as IT matters.

Further fueling the fire behind the rise of ADR is the growth in international business activity which has quadrupled over the last ten years. Business deals that straddle oceans and cross borders are now the norm in today’s global economy and where business dealings happen, conflict naturally follows. International arbitration is the best method for dealing with international business disputes as arbitration is easily enforced across borders and arbitration provides a neutral forum for international parties. As an alternative to arbitration or international litigation, international mediation will allow parties to tailor unique solutions to their conflicts with the help of a mediator as a neutral discussion facilitator. Joseph George is a founding partner with the George

Business Negotiations

& George ADR Group. He is a talented and practiced negotiator as well as an experienced Mediator and

Negotiations occur every single day, but when matters are complex, experienced business negotiators use their skills to bargain for the best possible result all while keeping the discussion civil. A skilled negotiator can work on your behalf to reach the deal you are looking for. They are common in negotiations involving business agreements, buying, selling, merging and downsizing business, as well as collective bargaining.

Negotiator. Mr. George has helped countless parties

ADR methods have become increasingly popular as Covid-19 created a seemingly endless backlog in the court system. Courts themselves are pushing cases to be settled through mediation or arbitration in an effort to clear their dockets and to hear only the most pressing matters. Further, attorneys are advising clients to avoid the lengthy wait times that result from attempting to handle their matter in the court system. Instead, lawyers are urging their clients to consider the use of mediation or arbitration

ly last step in resolving your business conflict.

for a faster, more cost-effective and often less emo-

be represented during mediation.

tionally taxing resolution. 22

reach their business and professional goals by using his breadth of both industry knowledge and his understanding of ADR process. Mr. George knows that mediation and arbitration can save parties untold frustration as well as the time and expense of litigation. While mediation and arbitration can only bear fruit when the basis of a party’s wrongdoing can be proven, they are a fantastic first and hopeful-

MEDIATION Q & A Q: DO I NEED TO HIRE A LAWYER? JG: What I like best about the mediation process is that it doesn’t require a lawyer or the accompanying legal fees. With that being said, lawyers are welcome in the process and either party may choose to

Corporate Q: IS MEDIATION CONFIDENTIAL? JG: A defining characteristic of the mediation process is that it’s confidential. Conversations and communication between both the parties and their legal counsel, if they have any, remain confidential. Further, Mediators keep any information they receive during the process confidential as part of their professional code of conduct. Q: WHY SHOULD AN INDIVIDUAL OR BUSINESS CHOOSE MEDIATION? JG: Mediation allows both parties to resolve their dispute in such a way that both sides can often receive all or part of what they want rather thereby reaching an optimal outcome. If a matter was brought to court there is a great risk of having a judge make a determination that may not please either party. Q: HOW CAN PEOPLE REACH YOUR FIRM? JG: The best way to reach George and George ADR is to go to our website and complete the form on our contact page www.georgeandgeorgeadr.com Q: HOW CAN I TAKE ANOTHER BUSINESS TO MEDIATION? JG: To initiate the mediation process with another party, you should begin by choosing a mediator that specializes in your business area or your particular type of conflict. Your next step is to draft a notice to mediate

Joseph George

Executive Director George & George ADR Group

that includes the reasons you feel mediation is the best option for the resolution of your dispute. If the other business agrees to engage in mediation, you should then contact the mediator who will do a conflict-of-interest check and assuming none is found, will send both parties an engagement letter containing the time, date, cost and location of the mediation as well as an explanation of the process.

Corporate

Hyundai Motor Group to invest USD 10 billion in the US by 2025

Corporate Hyundai Motor Group (HMG), a

ground in early 2023 and is ex-

global enterprise that has creat-

pected to begin commercial

ed a value chain based on mo-

production in the first half of

bility and is working to support a

2025 with an annual capacity of

better future for humanity, reaf-

300,000 units. The new facility

firmed today its commitment to

will help HMG lead the U.S. auto

expanding investment in the U.S.

market’s EV transition and the

to further its goal to provide sus-

Group’s roadmap to be one of top

tainable and smart mobility solu-

three EV providers in the U.S. by

tions to the U.S.

2026, helping to grow U.S. innovation and manufacturing.

The Group’s plans, which involves more than USD 10 billion invest-

The new plant will implement

ment, are designed to accelerate

many of HMG’s advanced intel-

innovation and mobility electrifi-

ligent

cation. The move supports car-

ogies, boasting a highly con-

bon neutrality goals with new

nected, automated, and flexible

technologies and contributes to

manufacturing

manufacturing in the U.S.

organically connects all elements

manufacturing

system,

technol-

which

of the EV ecosystem to realize Earlier this week, Hyundai Motor

customer value. As part of the

Group disclosed a USD 5.54-bil-

Group’s commitment to sustain-

lion plan to establish its first ded-

ability, the plant will mainly rely

icated U.S. EV and battery man-

on renewable energy sources to

ufacturing facilities in the State

power the facility and use emis-

of Georgia to build a wide range

sion-reduction technologies to

of new and innovative full elec-

meet the RE100 requirements.

tric vehicles for its valued U.S. customers.

“We have come a long way and become very successful in a

The new facility, located on a

short period of time, but we are

dedicated 2,923-acre site in Bry-

also preparing for our future,” said

an County, Georgia, will break

Euisun Chung, Executive Chair of

Corporate

Hyundai Motor Group, following

and services with greater safety

rapid paradigm shift in the auto-

his meeting with U.S. President

and convenience.

motive industry through Motional, a venture established in Bos-

Joe Biden today in Seoul. “The Group will strengthen our part-

Robotics is an essential part of

ton jointly with the leading U.S.

nership with U.S. public and pri-

the Group’s transformation into a

mobility technology firm Aptiv in

vate entities to offer innovative

smart mobility solutions provid-

2020. Motional is currently test-

products and mobility solutions

er. Having acquired Boston Dy-

ing its robotaxi service on U.S

to our valued customers in the

namics, an innovator in the field,

public roads with an aim to com-

U.S. while supporting global car-

HMG has sharpened its focus on

mence commercial service in

bon neutrality efforts.”

advancing robotics to enhance

2023. The Group will actively sup-

people’s lives through a range of

port Motional to make the driver-

As one of the global leaders in

mobility solutions. The Group is

less technology more safe, relia-

innovation, HMG has allocated a

committed to the growth of Bos-

ble, and accessible to customers

series of additional expenditure

ton Dynamics by expediting mass

in the U.S. and in other parts of

to foster key future businesses

production of future products,

the world. HMG will cooperate

such as robotics, advanced air

enhancing product lineup and

with U.S. partners in areas to ac-

mobility (AAM), autonomous driv-

strengthening competitiveness.

celerate the efforts to bring driverless technology into reality.

ing, and artificial intelligence (AI).

The investment will enable HMG

HMG is also pioneering driverless

to offer diverse mobility products

technologies and responding to

To expand the dimension of

Corporate

mobility solutions, HMG is also

in 2028, Supernal is collaborat-

consistent levels of investment

developing the technologies and

ing with stakeholders to explore

in R&D to continue offering excit-

infrastructure in the advanced

physical and digital infrastructure

ing and innovative vehicles from

air mobility (AAM). The Group

concepts and secure the right

its Hyundai, Kia, and Genesis

launched Washington D.C.-based

ecosystem for the AAM industry

brands, as well as into expanding

Supernal last year to strengthen

to take off.

and upgrading existing facilities in the U.S.

its AAM capabilities. Supernal is working to integrate AAM into ex-

In order to advance all future busi-

isting transit networks and shape

nesses and strengthen compet-

a seamless intermodal passen-

itiveness in diverse areas within

ger experience. The vision is for

the Group, HMG plans to increase

passengers to use a single app

investment into AI technologies

– like current rideshare platforms

while it also actively pursues new

– to plan their journey, which

business opportunities with local

could include taking a car or rail

partners to broaden business in-

from home to an AAM “vertiport,”

frastructure, achieve carbon neu-

riding an eVTOL across town,

trality, and others.

and then using an e-scooter for the last mile. With the target of

In addition to the future business

beginning commercial service

enhancement, HMG will maintain 27

Education

Reasons to pursue

MBBS in the USA A number of Indian students apply every year for the National Eligibility Entrance Test in order to get a seat for studying MBBS. However, due to the limit of these seats, only a few get to enter the medical industry. This is primarily why one must consider studying abroad post 12th medical. In case you are not convinced, we have more reasons why you should think about pursuing an MBBS in the USA once you complete your 12th. So without delaying further, let us get started. #1: Quality Education Universities in the USA are highly focused on providing students with quality education. So by choosing to pursue MBBS in the USA after 12th, you will opt for a first-class education. #2: Highly Reputed Due to the high reputation of the MBBS obtained from the universities in the USA, your degree will be recognized all over the world. Moreover, this may even get you better-paid jobs.

Education #3: Greater Respect and Demand

be a problem at all. You would not be required to take the

It is commonly noted that the

MCI Screening Test as well.

doctors who have completed their education in a US university have greater respect. This is

#7: Scholarship and Financial Aid

because people consider them to be more knowledgeable and

When you seek to get admitted

experienced. This further means

to one of the top medical uni-

higher demands and income.

versities in the US, you can even get a scholarship or financial aid

#4: Pursue MBBS in English

based on your eligibility and the university’s criteria for the same.

Usually, studying abroad implies

It means that there is a possibility

a language barrier – the student

of you pursuing MBBS at a price

may not be well acquainted with

lower than the course fee.

the language of communication. However, this is not the case

#8: Work as You Study

when you study in the USA since English is the medium of teach-

During the course of your degree

ing and learning.

in the US, you can work parttime as well. This implies that

#5: No Additional Fee

you can earn that side income to pay for your living and additional

When Indian students seek to

expenses.

take admissions in medical colleges within the country, they are

The Bottom Line

mostly required to pay capitation fees in order to secure their

Studying in the USA after the 12th

seats. Unlike these, USA universi-

is a choice many fail to consider

ties do not require the students to

due to the lack of knowledge of

pay any kind of fee other than the

its benefits. If you are planning

course fee.

to pursue MBBS after school, you must take into consideration

#6: Want to practice in India? Not a problem!

the idea of studying at one of the best universities in the USA. Not only will you save time by doing

If you pursue your studies in

this but also save money, know-

the US but wish to practice as

ing the fee structure of private

a doctor in India, it would not

medical colleges in India.

Finance

The U.S. economy is still on a sen-

period where we see everything rally.

sible growth trajectory at the moment, but pressures will likely

The short-term direction of equities will depend on

grow heading into the second

what comes out of the Fed meeting going forward.

half of the year. The market

The market hates uncertainty and with volatility al-

does appear to be mildly

ready high, anything but an unclear message could

easing its expectations for

cause trouble. Extended lockdowns in China could

the Fed Funds rate right

be a development that finally starts sending com-

now. In the near term,

modity prices lower.

I believe that some of the latest moves

The fixed income market continues to be perhaps

in risk assets are

the best indicator of the underlying unrest we’re see-

over-

ing in the markets right now. Today, however, we’re

done. I think

seeing credit spreads expanding along with Treas-

we’re going

ury yields falling at the same time. The one thing

to be en-

I’ve watched a little closer than normal lately is the

tering

quarterly earnings reports this week for the FAANG

getting

names. Investor sentiment has become so bearish that it’s bullish. One of the hardest things to do is go

Finance

against the prevailing bias regarding investing. Such is known as contrarian investing. Presently, everyone is bearish. As noted in “Stock Market Rollercoaster,” everything, everywhere, is bearish. CNBC is running “Markets in Turmoil” specials, and individuals get convinced the world is ending. Such is the point where investors make the most mistakes. Emotions make them want to sell. However, from a contrarian view, such is precisely the time you may want to be a buyer. But that is always a difficult thing to do. As a matter of fact, everybody is bearish, not just in terms of investor sentiment but also in positioning. As noted by MarketEar, the Goldman “Sentiment Indicator” measures stock positioning across retail, institutional, and foreign investors versus the past 12 months. Readings below -1.0 or above +1.0 indicate extreme positions that are significant in predicting future returns. More importantly, investor allocations particularly among professional investors, remain extremely light, suggesting a much higher level of caution. The following is the 4-week moving average of the National Association of Investment Managers bullish index. At a reading of 129.25, such is often coincident with short-term market bottoms. The composite index which combines both retail and institutional investor sentiment is extremely negative and typically marks short- to intermediate-term market bottoms. Of course, with investor sentiment negative, net flows into global equity and fixed-income funds also turned negative. Since the second week of January, global bond funds have experienced $125bn of net selling, and flows have been negative for 16 of the last 17 weeks. However, there are two critical points to note: During bull markets, negative sentiment was a clear buying opportunity. During bear markets (2008), negative sentiment stays negative while markets decline. Such raises the vital question: Are we still in a bull market, or are we in the early stages of a bear market?

Finance

While the negative sentiment is bearish currently

overbought in terms of both standard deviations

enough to be bullish, the longer-term fundamental

from long-term means and relative strength (RSI)

and technical dynamics suggest a continued cor-

from a long-term technical perspective.

rection is possible. As noted, the negative sentiment levels could support a rally over the next couple of

These fundamental and technical measures can

months. Such would lure investors into the market

take long periods before they matter. Positioning

just as the more bearish fundamental and technical

for adverse outcomes today can both appear wrong

backdrop unfolds.

in the short-term and cost capital appreciation opportunities.

More importantly, like in 2008, 2000, and 1929, valuations on stocks were incredibly high. While the

However, these measures will likely prove beneficial

bullish mantra over the last decade was low rates

in limiting capital losses in the longer term. The trick

justify high valuations, rates are rising, which puts

will be recognizing when they start to matter.

valuations at risk. The Fed historically hikes rates until something breaks, which drastically lowers val-

But when they do matter, they tend to matter a lot.

uations (i.e., prices fall sharply.) The takeaway from this commentary is not to let Furthermore, the market remains exceptionally

media headlines, financial narratives, or concerns

Finance

over long-term issues like valuations, economics, or

underweight both equities and bonds.

geopolitical events impact the decision-making process in your portfolio strategy.

There is little value in trying to predict market outcomes. The best we can do is recognize the environ-

Our job as investors is to capitalize on available opportunities but avoid the long-term risks. There are plenty of reasons to be very concerned about the market over the next few months. However, markets can often defy logic in the short term despite the apparent weight of evidence to the contrary. The next few weeks, and even the next couple of months, will likely be frustrating. Markets are likely to remain range-bound with little progress made for

ment for what it is, understand the associated risks, and navigate cautiously. Leave being bullish or bearish to the media and focus to build on an equitable portfolio with a well-laid out financial strategy. Close at home, both the DFM General Index and Nasdaq Dubai showed a 10.4% and 7.5% YTD print with the Tadawul at 18.6% YTD. These are a far cry from what is currently happening YTD in global markets, with the Gulf region opening up their economies buoyed by the oil price bounce

either the bulls or the bears. We are maintaining our

and resurgence of foreign spending in the tourism

exposures to higher-than-normal levels of cash and

sector.

Finance

ADDX raises USD 58mn with the Stock Exchange of Thailand UOB as Shareholders

Finance

rivate market exchange ADDX

Heliconia Capital, Development

services for wealth managers,

has raised USD 58 million in a

Bank of Japan (DBJ), Japan In-

dubbed ADDX Advantage, on-

Pre-Series B funding round that

vestment Corporation – Venture

going efforts to bring on board

witnessed numerous financial in-

Growth Investments (JIC-VGI),

world-class general partners as

stitutions come on board as new

Tokai Tokyo Financial Holdings,

issuers, as well as product inno-

shareholders: SET Venture Hold-

Kiatnakin Phatra Financial Group,

vations that will bridge the world

ing, a subsidiary of the Stock Ex-

and Hanwha Asset Management.

of traditional finance and digital finance.

change of Thailand (SET), UOB, Hamilton Lane (NASDAQ: HLNE)

ADDX added that the funds will

and Krungsri Finnovate, the cor-

permit the firm to scale its oper-

Oi-Yee Choo, CEO of ADDX, stat-

porate venture capital arm of

ations as the firm entrenches its

ed: “ADDX is on a mission to

Krungsri (Bank of Ayudhya PCL).

position as Asia’s largest private

democratize the private markets.

market exchange. The new share-

The sizeable investment from

Industry sources confirmed that

holders will also partner with

SET, UOB, Hamilton Lane, and

since the firm’s inception in 2017,

ADDX on specific projects that

Krungsri serves as a ringing en-

this latest investment has brought

will help the exchange expand

dorsement for ADDX’s business

the overall net funds raised by

into new business areas, geogra-

model, the team we have assem-

ADDX to around US$120Mln.

phies, or market segments.

bled, and the broader vision we have for transforming the capital

ADDX further stated that the New set of Investors joining existing

Numerous strategic initiatives by

markets the wealth management

shareholders on the ADDX cap

ADDX will also benefit from the

industry. The new shareholders

table, like that of Singapore Ex-

fresh capital, comprised of the

aren’t just capital partners, but

change (SGX), Temasek-owned

recent launch of private market

strategic partners too. ey have

Oi-Yee Choo, CEO of ADDX

Finance

over the t w o

past

years of ex-

changes joining forces in a new capital market landscape that emphasizes continuity between the public and private markets. much to contribute in the form of expertise, ideas, market experience, and business networks, and ADDX looks forward to adding value to their businesses in return. This Pre-Series B round sets ADDX up strongly for long-term success.” Ms. Choo further added: “SET is the second stock exchange to join as an investor after SGX, and this is part of a larger global trend 36

The backing of UOB and Krungsri, as well as the private markets investment firm Hamilton Lane, underscores the confidence we have built among important players in the ecosystem.” Pakorn Peetathawatchai, President of the Stock Exchange of Thailand, stated: “Joining hands with ADDX which is a multi-asset digitized securities investment

platform

regulated

MAS will contribute to the great

Finance

b e able to tap new fund-raising channels, our

while

accredited

in Thailand. We look forward to working with the ADDX team and we strongly believe that the collaboration will provide extensive experience, knowledge, and more

as a global digital securities

in-

exchange, driven by block-

vestor clients will gain

chain and smart contract

access to alternative in-

development of digital assets

ADDX has strong expertise

technology.

This

invest-

vestments in tokenized assets.

ment will further strength-

We look forward to a fruitful jour-

en Krungsri’s ecosystem

ney with ADDX.”

and partnerships, and sig-

Erik Hirsch, Vice Chairman and Head of Strategic Initiatives at Hamilton Lane, stated: “The ADDX platform is delivering transforma-

opportunities to Thai capital mar-

tive technology to a broad array

kets’ stakeholders through the in-

of individual investors seeking

ternational digital capital markets

access to the private markets.

platform.”

They are well-positioned in the digital securities space and Ham-

Mr. Leong Yung Chee, Head of

ilton Lane is excited to have par-

Group Corporate Banking, UOB,

ticipated in this latest fundraise.

stated: “The partnership with

This investment highlights our

ADDX complements our footprint

conviction around the attractive

in our home region of Southeast

opportunity in providing private

Asia and Greater China. We are

market investments to the non-in-

constantly looking for innovative

stitutional channel, expands our

solutions to further strengthen

presence in Asia, and allows us

our product offerings, and the tie-

to join some of the leading insti-

up with ADDX will certainly help us

tutions in that region in support

to do so. Our corporate clients will

of ADDX.”

nificantly broaden investment opportunities for our high-net-worth customers as it offers enhanced access to private markets with a wide range of asset types such as private equity, and hedge funds, and bonds, which better serve the needs of customers today. We look forward to collaborating with ADDX to introduce new initiatives for Thailand’s investment community. Mr. Sam Tanskul Managing Director, Krungsri Finnovate Co., Ltd

Finance

The Trade Development Fund (TDFD) was launched in 2020 by The International Islamic Trade Finance Corporation (ITFC), a member of the IsDB Group, with a target initial capital of US $50 million to support trade development projects in OIC member states and Islamic communities in non-member countries.

concepts and methodologies in marketing research, understand the main criteria for choosing international markets, identify key components of the marketing mix, identify different factors affecting export prices, understand the evolution of international trade and the impact of countries’ international agreements on the competition.

The Trade Development Fund (TDFD) is a waqf fund, whose primary objective is to build and provide financial resources from charitable sources for the design and implementation of initiatives, activities, and programs related to the promotion and development of trade for the Member States and Muslim communities in non-member States.

The Abdullah Al Subaie Charity Foundation is an integrated donor foundation making an impact and contributing to the Saudi Vision of 2030, through quality services, programs, and beneficiaries in an attractive and stimulating institutional environment.

Industry sources added that the Fund invests its endowment resources in miscellaneous assets that distribute its net revenues equitably (50% -50%). 50% of the returns are added to the capital and the remainder is disbursed for the purpose of designing and developing business projects dedicated to promoting trade. This operational model would give the Fund a strong momentum for growth, which will lead to a sustainable platform for financing charitable trade development activities. The Fund, in collaboration with Abdullah Al Subaie Charity Foundation, will host the second course of the International Marketing and Export Strategy Training Program which will be held in partnership with the Foreign Trade Training Center (FTTC). The program aims to enable trainees to identify key

TDFD aims to provide more charitable sources to provide sustained support to trade development initiatives and to enable SMEs to access global markets. In this spirit, the first practical training program to support selected small and medium enterprises (SMEs) in Riyadh, Saudi Arabia was launched at the end of 2021 in cooperation with Alnahda Society. Alnahda Societyis a non-profit organization founded in 1963 by Her Royal Highness Princess Sarah Al-Faisal bin Abdulaziz Al Saud and works to empower Saudi women economically and socially by implementing several targeted development projects and programs. In June 2019, Alnahda was formally accredited by the Economic and Social Council of the United Nations (ECOSOC) as a non-governmental organization, currently chaired by Her Royal Highness Princess Moudi Bint Khaled Bin Abdulaziz Al Saud.

Infrastructure

OPEC funds new road project in

Rwanda with USD 18mn loan The OPEC Fund for International Development

will further contribute to Rwanda’s sustainable

(the OPEC Fund) is providing a USD 18 million

development agenda and its efforts to achieve

loan to the government of Rwanda to support

its ambitious 2050 Vision, which sets a stra-

the “Nyacyonga–Mukoto Road Project”, help-

tegic direction to lead the country to the living

ing to improve living standards and economic

standards of high income countries by 2050.”

livelihoods in the country. The project has a total cost of US$41 million and will be co-fi-

The Nyacyonga–Mukoto route, currently a

nanced by the Arab Bank for Economic Devel-

36km gravel road, connects two major na-

opment in Africa (BADEA) and the government

tional paved roads from the northern part of

of Rwanda.

the capital Kigali to the northern provinces. Upgrading the road will increase connectivity,

Uzziel Ndagijimana, Minister of Finance of

promote economic livelihoods particularly ag-

Rwanda, and OPEC Fund Director-General Ab-

riculture, agro-industries, mining and tourism

dulhamid Alkhalifa signed the agreement at

sectors.

a meeting during the Sustainable Energy for

All Forum, a global gathering focused on en-

Rwanda is a land-locked and densely popu-

ergy taking place in Kigali. OPEC Fund Direc-

lated country in East Africa. Regional integra-

tor-General Abdulhamid Alkhalifa said: “We are

tion and international trade are key to support

proud to have partnered with Rwanda for dec-

economic activity and sustainable economic

ades, promoting socio-economic development

growth. To date, the OPEC Fund has provided

and support key sectors as infrastructure, agri-

around US$ 285 million in financing for over

culture and the financial sector. Our new loan

30 projects supporting key sectors in Rwanda.

Infrastructure

Retail

Technology Trends Enabling IoT in Retail The emergence of the internet of

ity platforms, edge intelligence,

things (IoT) in the retail industry

sensor fusion, LiDAR, radar, and

due to the adoption of emerging

advanced camera sensors and

technologies can be considered

algorithms have paved the way

a boon to the industry due to the

for the creation of effective inter-

various business models and

faces and connectivity between

revenue opportunities it creates.

goods and humans. The follow-

Post-pandemic, IoT in the retail

ing are the key technology trends

industry has grown rapidly, and

that are expected to impact the

heavy emphasis is on offering im-

retail industry in the near term.

mersive and customized modes IoT Technologies for Enhanced

of interaction to end-users.

Supply Chain Management With the emergence of e-commerce, the retail industry has

IoT in retail is evolving rapidly

seen a tremendous shift toward

with the introduction of emerg-

enhanced customer experienc-

ing

es. Retail companies across the

gies, wireless sensors, big data,

globe are investing heavily in

sensor fusion, data analytics,

building their IT infrastructure to

and warehouse robots such as

stay competitive in the market.

autonomous mobile robots and

IoT in retail is also expected to

AI, among others. IoT in the re-

play a vital role across various

tail industry encourages new

applications, such as warehouse

opportunities such as Retail as a

management, supply chain, in-

Service (RaaS), where traditional

ventory

shopping has moved digital. With

management,

asset

communication

technolo-

the emergence of various e-com-

tracking, etc.

merce retail companies, RaaS

Advancements in various tech-

has served as a cross-section,

nologies such as artificial in-

bringing physical stores and dig-

telligence

autonomous

ital shopping together, creating

mobile robots, wearables, big

a great value for retail manufac-

data, predictive analytics, mobil-

turers, retailers, and end-users.

(AI),

Manufacturers also are trying to leverage IoT in their supply chains to improve productivity and resource efficiency. In the manufacturing

space,

supply

chain management (SCM) is a segment where many strategic decisions are made. Leading manufacturers across the world are implementing IoT

Retail

technologies in supply chain fa-

will make predictive maintenance

sensitive information such as

cilities. They can share informa-

in the retail industry a reality. Pre-

financial data, supply chain in-

tion about forecasted product

dictive maintenance can detect

formation, and customer data.

demand to raw material suppli-

issues in the key components of

As the number of connected de-

ers and product manufacturers

equipment and offers real-time

vices rises across the retail val-

through collaborative planning,

notifications to manufacturers

ue chain, immense amounts of

forecasting, and replenishment

and the entire supply chain about

data exchanges are expected to

(CPFR)—a supply chain integra-

product repair/replacement. Pre-

occur and lead to the need for im-

tion approach. Similarly, suppli-

dictive diagnostics solutions pre-

proved security and privacy con-

ers and product manufacturers

dict and provide alerts about the

trol solutions. Point of sale (POS)

can meet stakeholders’ require-

health/condition/shelf-life/safety

systems can be expected to have

ments, leading to continuous pro-

monitoring of various products,

high levels of risk because they

duction. IoT in retail SCM will also

which leads to efficient mainte-

include the use of predominantly

impact the overall utilization of

nance and planning.

unencrypted data.

among raw material developers,

Retail giants want to implement

These systems are highly prone

suppliers, and end-users. IoT in

predictive diagnostics solutions

to malware and other forms of

SCM will also play a key role in

as they reduce overall operations

cyberattacks as they collect infor-

material procurement systems,

costs across the value chain. Re-

mation daily from transactions.

which will ease the supply chain

tail companies, fleet and supply

Retail companies should ensure

between raw material providers,

chain management companies,

the implementation of adept cy-

manufacturers, and retailers.

and others in the retail ecosys-

bersecurity solutions that will

tem are considering using these

protect their data and infrastruc-

IoT-based CPFR can be a profit-

solutions for effective equipment

ture. Research and development

able solution for companies that

maintenance because they pre-

(R&D)

procure raw materials, wherein

vent

should be their key focus in tack-

collaborations among retail in-

breakdowns by predicting sys-

dustry participants can be en-

tem/component failures.

resources and data management

unexpected

operational

Technology Advancements En-

cybersecurity

authentication,

Adept Cybersecurity Solutions

two-factor authentication, and

to Address Real-world Cyber

intruder detection solutions can

Threats

be investigated. Also, cybersecurity can be optimally integrat-

couraging Development of Pre-

retail

ling cybersecurity challenges. Biometric

couraged and overall cost reductions can be realized.

dictive Diagnostics Solutions and

In the retail ecosystem, securi-

ed by creating standards and

Predictive

ty is as important as safety. The

guidelines by various govern-

nance in the Retail Industry

generation of large amounts of

ment bodies in collaboration with

Predictive diagnostics solutions

data has led to the leakage of

retail companies. Standards and

Equipment

Mainte-

Retail

regulations play an important role in retail IoT expansion. Implementing regulatory guidelines will result in the establishment of robust cybersecurity suites and management solutions in the retail industry. Production

shutdowns,

semi-

conductor shortages, and supply chain disruptions due to the pandemic and recent global events have taken a toll on various industries. However, technologies such as IoT and AI will play an instrumental role in the revival of the retail industry and the supply chain in inventory management, delivering a better business impact. By addressing the critical pain points faced by the retail industry in manufacturing and supply chain management, IoT, predictive diagnostics, and cybersecurity technology trends are expected to aid retail giants to mitigate risks and restoring efficiency in supply chain management.

Article by : Jabez Mendelson Research Manager TechVision Frost & Sullivan

Technology

Desert Technologies’ Chief Commercial Officer

is one of the most important axes of Saudi

Eng. Majid Refae confirmed that Saudi Arabia

Arabia’s national transformation plan, Kingdom

is offering several programs that support Saudi

Vision 2030.

manufacturers and facilitate the export of solar panels to all countries of the world.

In coordination with the Saudi Energy Ministry, Desert Technologies has plans to provide the

In an interview with Asharq Al-Awsat, Refae

needs of the Kingdom’s market. This includes

revealed that the Kingdom has set its priorities

building solar power plants with capacities

for green energy generation and is driving the

greater than 2 megawatts for citizens and major

sector’s companies and institutions towards

consumers inside their facilities and homes.

achieving key goals while expanding and developing their businesses in the next stage.

Any surplus would be exported to the public electricity network in 2022.

On exporting solar panels, Refae said it was vital as it helps in increasing and creating more job opportunities in the Kingdom and contributes to growing Saudi Arabia’s GDP. He reminded that the export of national products

Technology

The global autonomous agents market is estimated at US$ 818 Million in 2021 and is projected to reach US$ 1.3 Billion by 2022. The market is expected to reach US$ 20.9 Billion by 2032 while recording a CAGR of 32.5% during the forecast period from 2022 to 2032. A robot can be used in factories to get information about each worker’s performance using obots and autonomous agents. A company like Amazon uses robotics and autonomous agents in their warehouses to retrieve purchases from the shelves. The proliferation of global network connectivity in remote locations is making it easier for individuals to make independent decisions across various industry verticals, like manufacturing, retail, and transportation. The global autonomous agents market is currently valued at US$ 20.9 Billion, with a CAGR of 32.5% during the forecast period. By deployment type, the on-premises autonomous agents segment to expand at a CAGR of 32.1% during the forecast period. In the U.S., the market is predicted 48

Technology

Global Autonomous Agents Market to Register Astounding Growth, reaching US$ 1.3 Billion at a CAGR of 32.5% until 2032 FMI Study to reach a CAGR of 32.2% during

over 8 years to support protocol

ESOMAR-certified

the forecast period.

development. As a result of this

search and consulting firm, in

grant, The Graph ecosystem and

its new offering, presents an

China’s market will grow at a

Semiotic AI, a startup that builds

unbiased analysis of the glob-

31.6% CAGR during the forecast

secure, autonomous agents for

al autonomous agent’s market,

period.

decentralized markets, continue

presenting historical market data

IT and Telecom industries to record a CAGR of 29% during the forecast period.

As a Graph Grantee, Semiotic has been working closely with the

Japan is expected to reach a CAGR of 30.4% during the forecast period between 2022 and 2032.

Edge & Node team since March. In order to complete The Graph, Semiotic will also collaborate with other core developer teams and the rest of the community.

“Adoption of the latest technologies, integrating AI into business and automating processes without human intervention will drive the adoption of autonomous agents in the market.”

filed in the report are IBM, SAP, SAS,

Infosys,

Communications,

Fico,

Micropsi raised $30 M in February 2022 to retrain industrial robots using human demonstrations. Using artificial intelligence, Micropsi claims that it can generate robot movements in real-time,

Key Players that have been proAWS,

to strengthen their relationship.

Nuance Affec-

tiva and Intel Innovative products and technologies will allow customers to benefit from new

and it can keep track of variations in position, color, and lighting.

market

re-

(2017-2021) and forecast statistics for the period of 2022-2032. The study reveals essential insights

Deployment

Type

(On-Premises, Cloud), By Organization Size (Large Enterprises, SMEs) By Vertical Type (BFSI, IT and Telecom, Manufacturing, Healthcare, Transportation and Mobility, Others) & By Region (North America, Europe, Asia Pacific, Middle East, and Africa, Latin America). These insights are based on a report on Autonomous Agents Market by Future Market Insights

Moreover, the robot can also be trained to perform various tasks, including the detection of leaks in industrial machinery, the secur-

technologies.

ing of screws and the insertion

Semiotic, a core developer for The

of cables into products, and the

Graph, will join in December 2021

sorting of objects on an assembly

and receive a $60 million grant

line, according to the company. 49