Globalisation, a characterising feature of the 21st Century, is
fast shrinking the world into a borderless global village. This
trend is being facilitated by advancement in technology by which
people and information residing miles apart are readily accessible
through one or few clicks on a simple digital device, such as a
smartphone or the iPad. A new digital revolution is said to be
underway in which about 30% of global population is actively living
in the cyberspace, in real terms.
Today, virtually all business transactions and other daily human
endeavors (teaching, learning, sales and promotional activities,
commercial transactions, shopping, procurement, supply, payments,
banking, insurance and professional services) take place via online
platforms. The world's growing cyberspace is driven by new
innovations which are increasingly being aided by modern computer
technologies, the Big Data phenomenon and the Internet of Things
(IoT).
