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an employee holding a laptop If “Cyber Monday” isn’t a sign of the times, what is? Online shopping not only has its own sales event to rival Black Friday, but it’s growing year by year. What might be 20% of the market today may be half the sector tomorrow. But that begs the question if retail is on its way out. Well, it’s looking like retail is digitising fast too, ensuring that the retail sector also has its own part to play in the flourishing digital age. There’s one thing we can’t deny – the future is now. And with this brave new future comes marvels and upgrades to your humble store. Changes like outsourcing your payroll to digital accountants, having an AI assistant on hand to do your data analysis, or switching out your hard drives and heavy servers for the ethereal “cloud” take only an hour or two to implement. It’s a future where you’ve got more time for what you care about, instead of greasing the cogs and gears of your business. What is Digital Transformation in Retail? Simply put, digital transformation is bringing the latest tech into a retail business. It’s streamlining, optimizing, adapting, and […]

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Shift to Digital Processes to Enhance Market Stability and Proactive Risk Response Lee Bok-hyun, governor of the Financial Supervisory Service, speaks at the "Financial Supervision Digital Transformation Launch Ceremony" held at the FSS auditorium on the 2nd floor in Yeouido, Seoul, on March 17. (Photo courtesy of FSS) The Financial Supervisory Service (FSS) will pursue digital transformation over the next three years to enhance the quality of financial supervisory services. This reflects Governor Lee Bok-hyun’s determination that the traditional manpower-dependent approach has limitations in responding to the changing environment and risks. On March 17, the FSS held the "Financial Supervision Digital Transformation Launch Ceremony" and announced that it would pursue the digital transformation project from this year until 2027. Governor Lee emphasized the necessity of digital transformation, stating, "In the era of digital transformation, the FSS must proactively understand the financial industry and market, systematically respond to risks, and actively lead change and innovation." The key directions of the digital transformation include four main areas: the establishment of a data-driven financial supervisory system, the digitalization of financial supervisory work processes, the creation of a smart workplace, and the expansion of access to financial supervisory information. Firstly, the FSS plans […]

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JMR Logo for MENA Banks Achieve Uninterrupted Digital Transformation Sharjah – UAE, 17 Mar, 2025. Strategic Partnership Empowers Financial Institutions to Accelerate Innovation and Compliance in a Dynamic Market In a strategic move to empower financial institutions across the Middle East and North Africa (MENA), JMR Infotech, a global leader in Oracle banking solutions, announces the regional augmentation of its managed services footprint with a new five-year agreement. This partnership delivers more than just application support; it ensures banks achieve operational resilience and accelerate their digital transformation journeys, navigating the complexities of modern banking with confidence. JMR Infotech’s enhanced managed services provide a strategic advantage, enabling banks to transcend operational hurdles and focus on customer-centric innovation. By delivering ongoing support for a comprehensive suite of Oracle solutions, including FLEXCUBE Universal Banking Solution (FCUBS), Oracle Banking Digital Experience (OBDX), and Oracle Financial Services Analytical Applications (OFSAA) Financial Crime and Compliance, JMR Infotech ensures banks can maintain peak performance and achieve regulatory compliance seamlessly. This empowers financial institutions to not only meet but exceed the evolving expectations of their customers and regulators. "In today’s rapidly evolving banking landscape, financial institutions require partners who deliver not just technical support, but strategic vision […]

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Oman Data Park’s strategic MOUs with FAB, ONEIC, and NTG accelerate Oman’s digital transformation in banking, energy, and cloud services. Oman Data Park (ODP), the Sultanate’s premier provider of managed cybersecurity and cloud solutions, announced the signing of three strategic Memorandums of Understanding (MOUs) at an exclusive Suhoor event. The agreements, signed with First Abu Dhabi Bank (FAB), Oman National Energy Investment Company (ONIEC), and NTG, mark a significant step toward advancing Oman’s digital transformation across the banking, energy, and cloud services sectors. Commenting on these landmark agreements, Eng. Maqbool Al Wahaibi, CEO of ODP, stated, “These partnerships reflect ODP’s unwavering commitment to empowering organizations with secure, scalable, and cutting-edge cloud solutions. Whether in banking, energy, or enterprise technology, our mission is to equip businesses with the digital infrastructure they need to operate seamlessly and innovate confidently. By continuously investing in next-generation technologies and fostering strategic alliances, ODP is shaping a more resilient, efficient, and technology-driven future for Oman.” As part of its commitment to ensuring business continuity in the financial sector, ODP has signed an MOU with First Abu Dhabi Bank (FAB) to establish a state-of-the-art Disaster Recovery (DR) site at ODP’s highly secure Tier 3 data center. […]

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Digital Transformation in the Asia Pacific Tea Market: What’s Driving Change? New Jersey, United States,- Asia Pacific Tea Market This market growth is driven by the increasing demand for various types of tea, including green tea, black tea, and herbal infusions. The growing awareness of health benefits associated with tea consumption, such as antioxidants and anti-inflammatory properties, contributes to the rising popularity of tea among consumers across the region. The rising disposable income, urbanization, and changing lifestyles are further expected to support the demand for premium and organic tea products in the Asia Pacific tea market. Moreover, the market is also benefiting from the expansion of online distribution channels, enabling consumers to access a wide range of tea products with convenience. The Asia Pacific tea market holds substantial growth potential in the coming years. With a significant portion of the global tea production concentrated in countries like China, India, and Japan, the region is poised to retain its dominance in both production and consumption. The demand for tea is expected to continue growing, especially in emerging markets like India and Southeast Asia, where the younger population is increasingly shifting toward healthier beverages. Additionally, the development of new tea-based products, […]

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Verisk’s Tim Rayner spoke to GR on challenges of navigating technological changes in a complex marketplace, and opportunities in the UAE and Saudi Arabia. The re/insurance industry is undergoing a significant digital transformation, with markets around the world looking for new ways to enhance efficiency and connectivity. Tim Rayner, CEO and president of specialty business solutions at Verisk, is at the forefront of this evolution, particularly in regions such as the Middle East, where the adoption of digital trading platforms is gaining rapid momentum. Tim Rayner Rayner (pictured) has been involved in expanding Verisk’s presence across global specialty re/insurance hubs. He highlights the opportunity presented by the region’s evolving insurance landscape. “Our vision is to create a global marketplace where any intermediary can trade with any insurer or reinsurer anywhere,” he explains. “Dubai and the Dubai International Financial Centre are essential in that strategy, as they serve as key hubs connecting international markets.” The Middle East, particularly Dubai, has positioned itself as a bridge between insurers and reinsurers operating across multiple jurisdictions. According to Rayner, one of the key challenges in these markets is modernising traditional processes that still rely heavily on manual interactions. “Typically, today, insurance contract negotiation […]

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In this article, Dame Damevski, International Markets Director at e-Boks , explores the urgent digital transformation of the postal sector. He examines the pressing challenges and emerging opportunities facing postal organisations, the critical role of secure digital post solutions, and the global collaboration needed to drive meaningful innovation. As traditional mail services decline and digital communication accelerates, the industry stands at a pivotal moment—will Posts adapt or risk becoming obsolete? “The postal industry has been at a breaking point for the past two decades. The comfortable, predictable world of physical mail is vanishing, leaving the postal sector struggling to redefine its relevance. The reality is challenging without a pivot to a digital postal mandate, most will be left behind. Governments, regulators, and postal stakeholders must wake up to the urgency of the situation and act decisively. This is not a slow evolution; it is a revolution. At the heart of this transformation lies the need for a coordinated international approach. As discussions within the Universal Postal Union ( UPU ) evolve, there is a growing recognition of the importance of global collaboration, regulatory modernisation, and innovative service models to ensure that Posts remain relevant in the digital age. The […]

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Digital Transformation in the Europe Dairy Packaging Market: What’s Driving Change? New Jersey, United States,- Europe Dairy Packaging Market The increasing demand for packaged dairy products, such as milk, cheese, yogurt, and butter, has contributed significantly to the growth of the dairy packaging sector in Europe. Moreover, rising consumer preference for convenient, eco-friendly, and innovative packaging solutions is fueling market expansion. The growing trend of sustainability and environmental concerns surrounding plastic packaging have driven the development of alternative packaging materials, including biodegradable and recyclable options, which are increasingly being adopted in the dairy packaging industry across Europe. The Europe Dairy Packaging Market is expected to witness significant growth opportunities in the coming years. The rising demand for premium dairy products, along with the continuous advancement in packaging technology, is anticipated to drive the market further. Furthermore, the shift in consumer behavior towards on-the-go dairy products is likely to create opportunities for flexible packaging solutions in the region. The market is also seeing innovation in smart packaging, such as temperature-sensitive and tamper-proof packaging, to improve product safety and enhance customer experience. With the continuous development of eco-friendly and sustainable packaging alternatives, the future scope for the Europe Dairy Packaging Market […]

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As Saudi Arabia accelerates its journey toward becoming a global leader in digital innovation, the Smart Data & AI Summit will play a pivotal role in shaping the Kingdom’s data and AI landscape. Scheduled for 5 – 6 May 2025 at the JW Marriott Hotel in Riyadh, this event will bring together 300+ data and AI professionals, including CDOs, CIOs, data scientists, AI directors, C-suite executives and many others, to explore the latest advances, tackle challenges, and unlock opportunities in data and artificial intelligence. With the Kingdom’s data analytics market projected to reach $8.8 billion by 2030, the summit comes at an important time, offering a platform for public and private sector leaders to collaborate, innovate, and approach the nation’s Vision 2030 goals. A platform for innovation and collaboration Building on the success of its debut last year, which was inaugurated by a leading official from the Saudi Data & AI Authority (SDAIA), the 2025 edition promises to be bigger and more impactful. The summit will feature: 25+ cutting-edge solution providers showcasing the latest technologies in data and AI. 50+ industry experts sharing insights on emerging trends, challenges, and opportunities. 300+ attendees , including data engineers, architects, AI pioneers, […]

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Hub4Business An experienced SAP Techno-Functional Consultant with over 15 years of professional experience, Rajesh Tirupathi has worked extensively in SAP implementations across Enterprise Portfolios & Project Management. Rajesh Tirupathi In the complex landscape of utility industry digital transformation, the implementation of an integrated S/4 HANA solution for a leading Gas & Electric company highlights the role of structured technical planning and system integration. Under Rajesh Tirupathi’s guidance, this comprehensive digital transformation project evolved from a challenging multi-system integration effort into an example of modern utility operations, improving efficiency and system coordination. The project faced inherent complexities from its inception, requiring the integration of multiple SAP modules including Portfolio and Project Management (PPM), Project Systems (PS), and Plant Maintenance (PM), alongside field operation applications like GIS and Field Pro. The challenge was not just technical implementation but ensuring that the transformation would improve operational efficiency while maintaining uninterrupted utility services. At the core of this project was Rajesh Tirupathi’s approach to solution architecture and team leadership. Taking on dual roles as SAP Functional Consultant and Solution Architect, he led a team of 10-15 consultants and developers, fostering collaboration and problem-solving. His leadership approach emphasized the importance of understanding both technical […]

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