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Prime Minister Narendra Modi on Sunday hailed as a "commendable accomplishment" the Reserve Bank of India being selected for the Digital Transformation Award 2025. (Photo: PTI) Prime Minister Narendra Modi on Sunday hailed as a "commendable accomplishment" the Reserve Bank of India being selected for the Digital Transformation Award 2025, and said it reflects an emphasis towards innovation and efficiency in governance. In a post on X, the Reserve Bank of India (RBI) said it has been selected for the Digital Transformation Award 2025 by Central Banking, London, UK. "RBI was awarded and recognised for its initiatives, including Pravaah and Sarthi systems, that have been developed by an in-house developer team. The awards committee noted how these digital initiatives have reduced use of paper-based submissions thus transforming RBI’s internal and external processes," the post read. A commendable accomplishment, reflecting an emphasis towards innovation and efficiency in governance. Digital innovation continues to strengthen India’s financial ecosystem, thus empowering countless lives. https://t.co/WomTSvXTCa — Narendra Modi (@narendramodi) March 16, 2025 Tagging the post, Modi said, "A commendable accomplishment, reflecting an emphasis towards innovation and efficiency in governance." Digital innovation continues to strengthen India’s financial ecosystem, thus empowering countless lives, the prime minister […]

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PM Narendra Modi, in his platform X post on Sunday, March 16, appreciated RBI’s Digital Transformation Award 2025 win. (PMO) Indian Prime Minister Narendra Modi, in a social media platform X post on Sunday, March 16, congratulated the Reserve Bank of India (RBI) for winning the UK’s Digital Transformation Award 2025 by Central Banking on March 14. Also Read | RBI wins Digital Transformation Award 2025 for tech innovations PM Narendra Modi highlighted RBI’s efforts and said that this achievement is commendable and shows the central bank’s efforts towards ‘innovation and efficiency’ in good governance. “A commendable accomplishment, reflecting an emphasis towards innovation and efficiency in governance,” said Prime Minister Modi in his post on X, appreciating the Reserve Bank of India . PM Modi also focused on digital innovations contributing as a key factor for strengthening the Indian financial system, which is aimed at empowering many lives. “Digital innovation continues to strengthen India’s financial ecosystem, thus empowering countless lives,” said PM Modi in his post on X. Also Read | RBI directs IndusInd Bank to complete remedial action in Q4 RBI’s Digital Transformation Award 2025 Win India’s central bank, the Reserve Bank of India (RBI) , was selected […]

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Prime Minister Narendra Modi on Sunday extended his congratulations to the Reserve Bank of India (RBI) for winning the prestigious Digital Transformation Award 2025 by Central Banking, London. PM Modi shared his appreciation on social media platform X, quoting RBI’s announcement and calling the achievement a significant milestone. He highlighted the role of digital innovation in strengthening India’s digital ecosystem and empowering millions of people across the country. “A commendable accomplishment, reflecting a commitment to innovation and efficiency in governance,” PM Modi stated in his post. He further added, “Digital innovation continues to strengthen India’s financial ecosystem, thereby empowering countless lives.” The RBI was honored for its groundbreaking digital initiatives, Saarathi and Pravaah, both of which were developed by the bank’s in-house tech team. These initiatives have transformed RBI’s internal and external processes, significantly reducing the need for paper-based submissions. Saarathi, launched in January 2023, has fully digitized RBI’s internal workflow, allowing employees to securely submit and share documents. The system has improved record management, data analysis, task tracking, collaboration, and integration with other RBI systems. Prior to Saarathi, different departments relied on a mix of manual and digital processes, but the platform now serves as a unified digital […]

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Frank McKenna speaks at the Digital Innovation Summit in Saint Andrews in June 2024. Article content Education systems worldwide are navigating a transformative moment, and New Brunswick is no exception. The rapid acceleration of artificial intelligence, evolving global workforce demands, and shifting student engagement levels present both challenges and opportunities. Furthermore, with the geopolitical battles and the U.S.’s massive pivots – especially in big tech and deregulation – how will this impact Canada and, by consequence, New Brunswick? Article content Before the recent prorogation of Canada’s Parliament, the government had introduced the Artificial Intelligence and Data Act (AIDA) as part of Bill C-27, known as the Digital Charter Implementation Act. This legislation aimed to establish a comprehensive regulatory framework for AI systems across Canada, focusing on responsible development and oversight. The AIDA was closely aligned with the GDPR (General Data Protection Regulation) in Europe. But now, with new tariffs and economic battles shifting global priorities, where will Canada align? And what will be the impact on our children and education? To prepare students for the future, we need to take an intentional approach to AI integration – learning from past technology implementations while shaping a strategic, forward-thinking vision that […]

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Nearly 100 Taiwan-invested enterprises in east China’s Xiamen City have participated in the city’s digital transformation scheme for small and medium-sized enterprises, which significantly boosted production efficiency for the companies. Xiamen is one of the inaugural cities in the country piloting the digital transformation of small and medium-sized enterprises (SMEs). The Taiwan-invested companies that signed up for digital upgrades covered a wide range of industries including electronic devices, power transmission and distribution and medical instruments. In the production workshop of a Taiwan-funded circuit board company, digital screens display real-time operations, intelligent robots transport materials, and automatic pickers can quickly match the missing raw materials in the production process. A seven-step production line requires only four technicians. "They guided us in the digital system construction, process transformation, and some intelligent analysis. Our production efficiency has improved by about 10 percent to 15 percent," said Yang Zhijian, factory director of Junling Electronics (Xiamen) Company. Some Taiwan-funded enterprises are also actively promoting the digital transformation of the industrial chain and supply chain. "We have assisted more than 30 enterprises to complete digital assessment, and more than 20 enterprises to finish special transformation, effectively helping enterprises to solve the problems of low production […]

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Press release from: DataM intelligence 4 Market Research LLP Digital Transformation Market The Global Digital Transformation Market reached US$ 578.7 billion in 2022 and is expected to reach US$ 3035.5 billion by 2030, growing with a CAGR of 23.0% during the forecast period 2024-2031. The Digital Transformation market report provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. With a commitment to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Leveraging a combination of qualitative and quantitative research methods, the company offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market. Get a Free Sample PDF Of This Report (Get Higher Priority for Corporate Email ID):- https://datamintelligence.com/download-sample/digital-transformation-market?ophp Digital Transformation integrates digital technologies into all aspects of business operations to improve efficiency and enhance customer experiences. The market for digital transformation is expanding as companies across industries adopt cloud computing, AI, and automation to stay competitive. This shift is reshaping traditional business models and driving the need for innovative digital tools to meet evolving customer expectations and market demands. Forecast Growth Projected: The Global […]

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Step into the world of digital transformation strategy with our latest guest, David Rogers. As the Faculty Director of Executive Education Programs at Columbia Business School, David is a visionary in the realm of digital business strategy and transformation. He is the author of five books, including the The Digital Transformation Playbook , the book that put digital transformation on the map. Join our host, EY Emerging Technology Strategy Leader, Jeff Saviano, as he and David – in keeping with our season’s focus – explore role of artificial intelligence (AI) in digital transformation, and the five biggest barriers to successful digital transformation, as explored in David’s latest book, The Digital Transformation Roadmap . Plus, they debate a crucial question: does innovation always have to begin with the customer problem? Tune in to find out. Key takeaways: The five biggest barriers to digital transformation are: defining a shared vision, choosing the priorities that matter most, validating new ventures through experimentation, managing growth at scale (governance), and growing technology and talent capabilities. Digital transformation is a journey, not bound by definitive start and end dates. It’s about continuous adaptation, agility and seizing new opportunities. Innovation is about creating repeatable, scalable, profitable […]

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whyframeshot – stock.adobe.com whyframeshot – stock.adobe.com By Published: 11 Mar 2025 At a certain point, companies might need to make a massive change in their processes by undergoing a digital transformation. Some types of transformation might work better for a company than others, depending on an organization’s business needs, finances and culture, so leaders should ensure they’ve chosen the right one. Changing industry conditions, competition and the desire to become more efficient might all lead a company to embark on a digital transformation . However, any changes to employees’ processes can be challenging to implement, so leaders should attempt to make the transition as smooth as possible. In addition, a company might combine more than one type of digital transformation to make the transformation as effective as possible. Learn about the five different digital transformation types and why selecting the right one is crucial for success. 1. Process transformation The primary goal of a process transformation is to make internal processes more straightforward and efficient. A company undertaking a process transformation is aiming to reduce throughput time, costs, errors and complexity by rethinking current strategies. Potential results include simplifying or removing steps, improving reporting and minimizing keying errors. An […]

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DORA: A step-by-step guide to strengthening digital operational resilience in the financial sector. Learn more today. Credit: Ground Picture The Digital Operational Resilience Act (DORA) is a significant regulatory framework introduced by the European Union to enhance the operational resilience of digital systems within the financial sector. The regulations went into effect on January 17, 2025. As technology becomes increasingly integral to financial services, the need for robust cybersecurity measures and resilient digital infrastructures has never been more critical. Here’s a detailed guide on how organizations can navigate DORA with confidence and bolster their digital operational resilience. 1. Understand the Scope and Requirements of DORA You should thoroughly understand DORA’s scope and the specific requirements it imposes on financial entities. DORA aims to consolidate and strengthen IT risk management across the financial sector. It applies to a wide range of entities, including banks, insurance companies, and investment firms, as well as critical third-party service providers, such as cloud computing services. Organizations must assess whether they fall under the scope of DORA and understand the obligations it entails, such as incident reporting, digital operational resilience testing, and management of ICT third-party risks. 2. Conduct a Comprehensive Risk Assessment Under DORA, […]

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Sebastián Negrón-Reichard, secretary of the Puerto Rico Department of Economic Development and Commerce The training sessions, which start today, will help the competitiveness of local businesses. Small and medium-sized businesses (SMEs) in Puerto Rico will have access to free digital transformation workshops through a collaborative agreement between the Department of Economic Development and Commerce (DDEC, in Spanish) and payment processing company Evertec. The initiative, which will take place at the Trade and Export Program Entrepreneurship Centers in San Juan, Ponce and Mayagüez, seeks to boost the digitalization and competitiveness of local businesses. “One of the key components to promoting the establishment and development of Puerto Rican SMEs is providing entrepreneurs with the necessary training to achieve this goal. We want to foster innovation, the use of new technologies, and the export of their products and services,” DDEC Secretary Sebastián Negrón-Reichard said. “For this reason, Evertec and the Strategic Alliances Division of the DDEC’s Trade and Export Program have agreed to begin offering entrepreneurs free training workshops, led by experts in those specific areas, to pave their way to success,” he said. The workshops will provide entrepreneurs with tools to optimize processes and improve competitiveness in local and international markets. […]

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