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The year in 2022: Q122 – January to March 2022

Time to read: 3 minutes

2022 was the year many countries decided to live with Covid and finetune their digital transformation strategies.

Amit Midha, President, Asia-Pacific & Japan and Global Digital Cities, Dell said: “2022 has shown us that digital transformation and innovation are more essential than ever. Especially with industries shifting and embracing true multicloud architectures in 2022, we are committed to addressing our customers’ evolving needs and their broader digital transformation objectives.”

“In this period of constant volatility, there is no other choice but to innovate. The only competitive advantage is staying agile. That state of readiness for any obstacle or opportunity that lies ahead will determine the winners and losers,” observed ZhenHub CEO Vincent Poon.
Digital transformation is certainly supporting the drive for innovation, agility and resilience, enabled by technology milestones this year such as:

January 2022

  • BMW unveils a car that can change colours. The BMW iX Flow featuring E Ink was presented at CES 2022.
  • Panasonic is one of the first companies in 2022 to emphasise a sustainability focus with the launch of its GREEN IMPACT initiative.

“Decarbonisation continues to be a key priority for manufacturing businesses in 2022 and leaders are aware that the benefits of investing in technologies for green operations outweigh the short-term costs. However, some of the biggest roadblocks to advancing sustainability goals hinge on how they can remain compliant to environmental targets while ensuring cost-effective manufacturing to meet the demands of consumers,” said Alex Teo, VP and MD, Southeast Asia, Siemens Digital Industries Software.

“Achieving these goals require a fundamental shift in mindset and commitment to embed sustainability into manufacturing processes, starting from product development. This entails the deployment and integration of technologies such as automation and digital twins to model, design, and produce without compromising emission goals. Consider working with partners to adopt green technologies to potentially reduce more emissions in the overall value chain and open new ways of sustainable business solutions.”
In September, Siemens Digital Industries Software collaborated with sustamize to add carbon emissions data to Siemens Xcelerator, enabling organisations to measure, simulate, reduce, and track their product carbon footprint early in the development phase.

February 2022

  • The PayPal Melbourne Fashion Festival announces that in a world first for a major global fashion event, Australian digital fashion brand MYAMI will be debuting its collection in the metaverse come March 2023.

March 2022

  • The Ronin Network, a Blockchain designed for game developers building player-owned economies, is hacked and loses over US$600 M, according to media reports.

“One of the most troubling trends in crypto crime in the past two years was the stunning rise in funds stolen from DeFi protocols, and in particular cross-chain bridges. Much of the value stolen from DeFi protocols can be attributed to bad actors affiliated with North Korea, especially elite hacking units like Lazarus Group,” noted Joshua Foo, Regional Director, ASEAN and Central Asia, Chainalysis.

“North Korean cybercriminals launched at least seven attacks on cryptocurrency platforms that extracted nearly US$400 million worth of digital assets in 2021 and at least US$1 billion of cryptocurrency from DeFi protocols as of September 2022.

“However, in September 2022, through advanced tracing techniques and the help of law enforcement and leading organisations in the cryptocurrency industry, more than US$30 million worth of cryptocurrency stolen by North Korean-linked hackers was seized. These are the results thus far of investigations into the theft of more than US$600 million from Ronin Network earlier in March this year.
“Representing approximately 10% of the total funds stolen from the hack, this marks the first ever seizure of stolen cryptocurrency by a North Korean hacking group, proving that with the right Blockchain analysis tools, world-class investigators and compliance professionals can collaborate to stop even the most sophisticated hackers and launderers. There is still work to be done, but this is a milestone in the efforts to make the cryptocurrency ecosystem safer.”

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