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Australia Scores High In Global Survey Of Digital Transformation

A global survey has found Australia the second best nation in the Asia-Pacific region at handling digital transformation issues, behind only Japan, and ahead of China and Hong Kong.

State Street’s Finance Reimagined study surveyed 500 investment provider executives across the globe about their emerging technologies.

Investment providers were asked to name the “smart” technologies they believed would be most prevalent in their organisations in five years’ time.

Blockchain came out on top, with 64 percent of respondents agreeing that it could “transform the trade lifecycle and drive transparency, traceability and trust”.

In second place was predictive analytics, with 50 per cent of those surveyed saying it would help “spot trends in customer needs” and “drive future decision-making”.

Artificial intelligence, real-time tracking systems and identification software made up the top five.

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