Over 90% said they expected to spend more on technology and innovation in the years ahead with a number of firms setting up innovation hubs and labs to harness evolving technologies such as blockchain and artificial intelligence.
The technology teams that are being established here, the report notes, are developing innovations that are being deployed across the firms' global operations. As well as skills retention and sourcing, regulation emerged as a key challenge facing firms operating here.
Source: News Formal (newsformal.com)
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