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Photo: Adobe Stock The new government has been bullish on the potential of AI to transform public services, squaring the circle of ever-growing demand and ever-tightening departmental budgets. Darren Jones, the new chief secretary to the Treasury, previously called for a government which lets “1,000 AI pilots” flourish and £32m of funding has already been committed to nearly 100 AI projects intended to “boost productivity” and “improve public services”. On average, that is less than £350,000 per project: meaning cash will be spread very thin. But unless the government has robust plans to evaluate which of these projects have been successful, the payoff will be equally minimal. A recent poll of officials found that almost half believe their department does not effectively measure the progress or success of its digital and data initiatives. With government betting on so many horses, it’s crucial departments take the time to work out which digital projects have been most effective, so the Treasury can invest in scaling them further. Spending on these projects otherwise risks being closer to gambling than investment. As Reform research has previously shown , evaluation in Whitehall is largely an afterthought and left to a set of “proactive amateurs”, […]

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Utilizing Indosat’s well-established IDCamp and UiPath Academic Alliance Program, UiPath and Indosat’s partnership to empower 100,000 Indonesians with enterprise automation skills by 2027 JAKARTA, Indonesia, October 09, 2024 –( BUSINESS WIRE )– UiPath (NYSE: PATH), a leading enterprise automation and AI company, announced a partnership with Indosat Ooredoo Hutchison (Indosat or IOH) to empower 100,000 digital talents in Indonesia with enterprise automation skills by 2027. This initiative aims to prepare Indonesia’s digital talents in supporting the country’s transformation into a global AI and automation talent hub. As part of this collaboration, UiPath will enhance Indosat’s IDCamp curriculum by integrating enterprise automation training. The program will offer courses on enterprise automation, providing participants with the opportunity to gain UiPath Certified Professional credentials. Daniel Dines, Founder and Chief Executive Officer of UiPath , said: "As Indonesia sets its sights on becoming a global economic powerhouse, strengthening workforce resilience, and building digital skills are critical. UiPath is excited to partner with Indosat to drive innovation and democratize learning in enterprise automation. Together, we are enabling the sustainable adoption of these technologies and preparing Indonesia’s workforce to thrive in the digital economy." Vikram Sinha, President Director and CEO of Indosat Ooredoo Hutchison , […]

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Pune, Oct. 09, 2024 (GLOBE NEWSWIRE) — Public Cloud Market Size Analysis: “ According to SNS Insider, the Public Cloud Market was valued at USD 607.55 Billion in 2023 and is projected to reach USD 1800 Billion by 2032, growing at a compound annual growth rate (CAGR) of 12.83% over the forecast period from 2024 to 2032. ” Accelerating Adoption of Digital Transformation One of the primary drivers contributing to the growth of the public cloud market is the increasing adoption of digital transformation strategies across various industries. Organizations are increasingly leveraging public cloud solutions for their flexibility, scalability, and cost-efficiency. The shift from traditional IT infrastructure to cloud-based systems allows businesses to enhance their operational efficiency and reduce overhead costs. Furthermore, the rising demand for remote work solutions and collaboration tools has propelled organizations to adopt public cloud services, allowing employees to access applications and data from anywhere at any time. As reported by the U.S. National Institute of Standards and Technology (NIST), over 90% of federal agencies are now utilizing cloud services, highlighting a significant shift towards cloud-based infrastructure in government operations. The market is also bolstered by significant advancements in cloud technologies, including machine learning and […]

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[Images: Pixel-Shot / Adobe Stock] The end of Q3 for any business is always a balancing act for corporate leaders. As we’re tightening up spend to close the year in the black, we’re also looking ahead to the next year. The CFO mantra to uncover cost-saving opportunities is always in the background. It is in this context that most CIOs zero in on reactive IT support costs and waste. Even though finding places to cut may feel like an impossible task, through my experience leading companies at various stages, I have always been able to work with CIOs and CTOs to identify excess spend when really pressed to do so. To uncover any waste, though, you need full visibility across all costs, including line items that are taking away from more strategic investments in digital transformation projects that will propel the business forward. By knowing precisely what is in the IT estate and affecting the digital employee experience (DEX) with endpoint devices, you can decrease expenses related to reactive or even wasteful activities and instead fund digital innovation and business growth. Here are three areas that can yield cost-saving returns, which CIOs can redirect to the strategic projects that […]

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In keeping with its sustainability goals, Petrobas replaced an antiquated data system with a solution enabling increased production in facilities and the supply of products to match supply and demand. Credit: Shutterstock Brazilian oil, natural gas, and energy corporation Petrobras ’ longtime mission has been to be the best in its field in terms of value creation with an emphasis on environmental responsibility. With operations in more than twenty-five countries, that sustainability concern also means that Petrobras is under pressure to adhere to regulatory compliance, regardless of jurisdiction. The easiest way to achieve this, the company believes, is through transparency with both its data and processes. That hasn’t always been easy. Given supply chain complexities involving workforce capacity, demand forecasting, supply and transportation planning, and inventory and maintenance management, Petrobras was compromised by siloed and disparate data, information gaps, and broken end-to-end (E2E) processes. But that wasn’t all. A battle against complexity The use of spreadsheets and other antiquated methods had given way to a slow, inconsistent, and difficult-to-map-and-analyze approval system.​Without the real-time data visibility necessary to make informed decisions, Petrobras was facing an upsurge in risks and disruptions. What the company needed was a solution to simplify the […]

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Credit: AFP As the energy sector’s digital transformation accelerates, energy infrastructure is increasingly reliant on Internet technologies and Internet of Things (IoT) devices, raising concerns about heightened cybersecurity risks. SolarEdge, a leading energy… The article requires paid subscription. Subscribe Now LOGIN Email address Password Save my User ID and Password Save my User ID and Password Some subscribers prefer to save their log-in information so they do not have to enter their User ID and Password each time they visit the site. To activate this function, check the ‘Save my User ID and Password’ box in the log-in section. This will save the password on the computer you’re using to access the site. Note: If you choose to use the log-out feature, you will lose your saved information. This means you will be required to log-in the next time you visit our site. NEW individual users please REGISTER first. Enterprise user first-time LOGIN . I forgot my ID and/or password? MEMBERSHIP BENEFITS Full access to articles dating back to 2000. Real-time access to the news as it breaks. Access to premium content. Full access to Tomorrow’s Headlines. Asia Supply Chain 250 dataset access. Related stories Soft launch of Energy […]

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The financial services landscape is undergoing a profound transformation, driven by technological advancements, changing consumer expectations, and unprecedented consolidation. Credit unions, traditionally known for their branch-based, community-oriented services, are increasingly embracing digital transformation to enhance member experiences, streamline operations, and remain competitive. Central to this digital transformation is the core system: the foundation of credit union operations. This article explores the role of the core system in facilitating digital transformation within credit unions, highlighting its importance in operational efficiency, member engagement, regulatory compliance, and strategic growth. The changing credit union landscape Credit unions are known for the personal, trusting relationships they build with their communities and members—a unique competitive edge. In the digital age, maintaining this member engagement is paramount. It used to be that if a credit union had a branch where its members lived and worked and made it a point to be involved in the communities they served, they could be assured of active member engagement. Today’s members, however, expect a seamless omnichannel experience, allowing them to interact with their credit union across various platforms, be it mobile apps, websites, debit and credit cards, call centers, ATM/ITM/kiosks, or in-branch services. As a result, credit unions are […]

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Private markets have grown exponentially in the last decade, with assets under management increasing at an annual rate of 20% between 2018 and 2023. Although the market has cooled since its noted spike in 2021, the future looks promising with PwC predicting assets under management to grow to $147.30 trillion by 2027. A recent Adams Street Partners report revealed that 88% of investors agree that private markets will continue to outperform public markets in the long run, this is up from 86% in the same survey the year before. With such vast volumes and substantial growth on the way, many asset managers are vying to capture a greater share of the market. However, many are preoccupied with other challenges such as performance and rising costs and overlooking the critical need for digitisation which will help solve these issues and more. Related Posts HSBC AM launches thermal coal equity index fund M&G’s Pinto argues the case for private markets and impact investing Fund naming guidelines put growth of corporate green bond sector at risk Royal London AM appoints head of sales Fund managers must prioritise digitisation The asset management industry experienced stunted growth throughout 2023. By June, Europe-focused funds endured […]

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Apparel producer servicing major online retailers further drives analog to digital transformation with adoption of the Kornit Apollo automated, direct-to-garment platform Expanded use of Kornit MAX technology solidifies Hybrid Digital’s commitment to high quality digital production, while fulfilling the rapid time-to-market needs of its selling partners ROSH-HA`AYIN, Israel, Oct. 07, 2024 (GLOBE NEWSWIRE) — Kornit Digital LTD. (NASDAQ: KRNT) (“Kornit” or the “Company”), a worldwide market leader in sustainable, on-demand digital fashion and textile production technologies, announced today that Hybrid Digital, a division of Hybrid Apparel – an industry leading wholesaler of fashion licensed apparel and partner to major online retailers and wholesale retailers like Walmart, Target and Kohl’s – is adding Kornit Apollo to its current Kornit Atlas MAX production lines. The expanded adoption will further the company’s screen to digital transformation – key to leveraging digital production as its competitive edge and powering new customer expectations for rapid delivery. Originally a transfer producer and printer, Hybrid Digital made its shift from analog to digital production several years ago to align with emerging production and delivery times demanded by online retail, while ensuring wholesalers can meet requirements for holding little or no wasted inventory. With the Kornit Apollo […]

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