Digital Transformation

Digital Transformation

Cybersecurity & Fraud Prevention 2023 With Q4 approaching, business leaders are keen to set their transformation priorities for the year ahead. For many firms, the focus will be on improving the way they use and manage the data they hold and finding effective use cases for generative AI which can be rolled out across the organisation. IN ASSOCIATION WITH Cybersecurity & Fraud Prevention 2023 Hybrid Working 2023

Marine: OrbitMI Rated Highly on Innovation & Digital Transformation

Marine: OrbitMI Rated Highly on Innovation & Digital Transformation

shipping insurance report pexels-wolfgang-weiser-467045605-20216775 shipping insurance report pexels-wolfgang-weiser-467045605-20216775 The latest from OrbitMI, who have been rated highly by Thetius on maritime software. Here’s the word; OrbitMI has been named in the Thetius 150 ranking of the most innovative companies in the maritime industry for 2024, recognizing the NYC-based software firm’s pioneering role in integrating data technologies to break down barriers to digital transformation. The leading provider of maritime intelligence and analytics solutions is listed among the top 50 innovative small and medium enterprises (SMEs) – commercial organizations more than five years old with fewer than 250 employees – as part of the keenly-watched annual rankings compiled by analysts at UK-based research consultancy Thetius. ‘Significant endorsement’ “This is a great accolade for us that we see as a significant endorsement of the strong progress we have made in implementing integrated data-driven solutions using advanced AI analytics to reduce costs, boost productivity and cut emissions in ship operations,” says OrbitMI CEO Ali Riaz. “By integrating data from multiple sources into the unified Orbit vessel performance system, we are eliminating data siloes that hinder efficiency while creating intelligent connected workflows that provide actionable insights to enhance operational decision-making.” The Thetius 150 has […]

Why businesses must go ‘back to basics’ to thrive in uncertainty

Why businesses must go ‘back to basics’ to thrive in uncertainty

Istock 1674139337 From disruptive tech innovations such as generative AI to turbulent economic data spooking businesses and requiring a retrenchment of staff, it’s a tough time to be a business leader. A 2023 survey by The Economist , commissioned by enterprise software company Planview, lays bare business leaders’ worries: 85% of executives admit their organisations struggle to adapt to change effectively. And although nearly a third of leaders view technology as crucial for strategy implementation, there is a growing recognition that rushing into innovation investments without proper planning can lead to costly missteps. “Everybody is punch-drunk with change, with disruption, with the whipsaw effect of market challenges and black swan events around the world,” says David Stevens, chief revenue officer for Europe, the Middle East and Africa at Planview. “Global businesses are having to respond rapidly to stay competitive while also needing to drive down costs.” Everybody is punch-drunk with change, with disruption, with the whipsaw effect of market challenges Narrowed horizons In recent years, volatility has meant strategic planning has taken a back seat. Companies used to plan on a three-to-five-year horizon. “They’re struggling to stick to a three-to-five-month plan right now,” Stevens says. The most successful businesses […]

UNDP experts prescribe coordinated efforts to streamline digital transformation in Malawi

UNDP experts prescribe coordinated efforts to streamline digital transformation in Malawi

Two digital ID maestros working with the United Nations Development Program (UNDP) have advised that the government of Malawi, private sector actors and international development partners must deploy “coordinated efforts” as the country looks to accelerate its digital transformation march. In an advocacy article published on the UNDP blog, the agency’s Technical Advisor on Digital ID Governance and DPI, Tariq Malik; an Inclusive Digital Transformation specialist, Rachel Chang, and the Principal Secretary of Malawi’s National Registration Bureau (NRB), Mphatso Augustine Sambo, opine that “aligning stakeholders on key priorities will help Malawi build a robust digital ID system that empowers individuals and upholds their rights and ensures the system’s long-term viability.” The article makes a panoramic overview of Malawi’s digital public infrastructure (DPI) implementation, starting from the digital ID component which rolled out in 2018 and which today covers around 12.5 million people, about 75 percent of the estimated population of 21 million. The legal digital ID, the authors, say has not only helped unlock economic opportunities for Malawians, but has also gone a long way in facilitating access to several public and private sector services. The writers recognize that with enormous political support and intentional action, Malawi has been […]

Which Industries Are Ready For the Digital Transformation?

Which Industries Are Ready For the Digital Transformation?

Digitization by A survey by Boston Consulting Group shows which industries are on average best prepared for digital transformation success. The report gives high marks to the telecommunication sector and an above average review of the health insurance, retail and consumer product industries. Across six different ratings, telcos scored in the first quartile for leadership, strategy, governance and monitoring as well as in the second quartile for talent and and tech use, leading to their high average score. Health insurance also scored highest in terms of leadership, governance and strategy, while retail and consumer product industries had their strengths in leadership and monitoring. Assets and wealth as well as power and utilities also scored above average, landing squarely in the second quartile when looking at their average score. The biotech and pharma, automotive and mobility and retail banking sectors scored between the second and third quartile, a rather lackluster showing. Performance was just mediocre in the areas of governance, tech adoption and strategy. On average in the third quartile were the oil and gas industry as well as healthcare providers, lacking again in terms of governance. While healthcare also struggled with strategy, oil and gas scored low on tech […]

UCX Returns to London Next Week

UCX Returns to London Next Week

London ExCel plays host next Wednesday and Thursday 2 UC Expo 2024 (placeholder) Latest News Published: September 24, 2024 Managing Editor Unified Communications Expo (UCX) and Digital Transformation Expo (DTX), two of the UK’s largest technology events, are set to return to London at the start of October. The two shows, jointly located at ExCel London, will feature industry-leading speakers from Nvidia, Microsoft, Google, Zoom, the NHS, Charlotte Tilbury, Deliveroo, and ITV. UCX provides a platform for companies to learn about the latest communication technologies that are helping businesses stay connected with colleagues and customers. The combined DTX + UCX event promises to deliver a wide range of topics covering digital transformation, workplace communication, and the future of technology. The event will feature talks from high-profile speakers, including Britain’s well-known psychological illusionist Derren Brown, who will open day one with a discussion on personal growth, well-being, and the pursuit of happiness. His session will focus on how individuals and businesses can break down barriers to success and reinvention. On day two, video game creator John Romero, best known for designing DOOM, Quake, and Wolfenstein, will share his experiences in leading creative innovation in the gaming industry. Romero will explore […]

Digital Transformation in Logistics: How Marketing Strategies are Driving Growth

Digital Transformation in Logistics: How Marketing Strategies are Driving Growth

The logistics industry, once dominated by traditional practices, is experiencing a digital revolution that is reshaping its landscape. According to a report by Grand View Research, the global logistics market is projected to reach $12.68 trillion by 2023 , highlighting an impressive compound annual growth rate (CAGR) of 3.5% . Central to this evolution is the adoption of innovative marketing strategies that are propelling companies forward in an increasingly competitive environment. Embracing Digital Marketing Tools One of the key drivers of this transformation is the integration of advanced digital marketing techniques. Logistics companies are leveraging data analytics, social media outreach, and targeted advertising to enhance their visibility and customer engagement. By utilizing platforms like LinkedIn and industry-specific forums, businesses are connecting with potential clients more effectively than ever before. Data analytics, in particular, play a crucial role. Modern logistics marketing increasingly focuses on providing customer-centric solutions By analyzing customer behavior and preferences, logistics firms can tailor their services to meet specific needs. This customer-centric approach not only improves satisfaction rates but also fosters long-term loyalty. For instance, a study by Salesforce found that 79% of customers are more loyal to companies that understand their needs. The Importance of Specialized […]

Digital Transformation at IMTS 2024

Digital Transformation at IMTS 2024

Douglas K. Woods, president of AMT, welcoming visitors to IMTS 2024. Image courtesy of IMTS. The International Manufacturing Technology Show (IMTS) 2024 in Chicago in September was big, buzzing, and full to the brim with the latest manufacturing hardware and software – and a show floor full of attendees ready to open their wallets. With improvements in the manufacturing market, lower inflation, and a announcement by the Federal Reserve that they were cutting interest rates, the mood on the show floor was optimistic and booths saw a steady stream of potential buyers kicking the tires on the latest CAD and CAM software, 3D printing hardware, robotics, metrology, and machining equipment. According to event organizers, there were more than 1,600 exhibitors spread throughout McCormick Place and nearly 90,000 registrants. “IMTS 2024 exceeded expectations once again, despite some economic headwinds,” said Daniel Janka, president of Mazak and chairman of the board of directors of the Association of Manufacturing Technology (AMT), which operates the conference. “Manufacturers of all sizes, representing all vertical industries, came to Chicago looking for new technology and manufacturing solutions enabling greater productivity, automation, and profitability. IMTS 2024 did not disappoint. Artificial intelligence (AI) was an important topic with […]

Uniphore Unveils X-Stream to Revolutionize Enterprise Digital Transformation with Knowledge-as-a-Service

Uniphore Unveils X-Stream to Revolutionize Enterprise Digital Transformation with Knowledge-as-a-Service

Uniphore , one of the largest AI-native enterprise companies, unveiled X-Stream, a breakthrough platform capability that industrializes the conversion of structured and unstructured multimodal data into domain-specific knowledge across the enterprise. X-Stream enables knowledge-as-a-service, bringing together powerful tools, connectors and controls for enterprises to build their own AI applications and shape their business outcomes. “With X-Stream, Uniphore provides the world’s largest companies with a comprehensive toolkit to turn data into knowledge; unlocking the full power of AI within the evolving tech stack.” Housed as an essential layer in Uniphore’s X-Platform, X-Stream will help enterprises get one step closer to AI sovereignty. It is the latest in a series of product announcements from the company focused on helping enterprises leverage their own data from various sources such as content management, CRM, data warehouses and business applications to fuel their digital transformation. Also Read: Want to Beat FOIA Backlogs? Embrace AI “As AI adoption accelerates across enterprises, harnessing its potential for scalable solutions has become a top priority for CIOs,” said Umesh Sachdev , CEO and Co-founder of Uniphore. “With X-Stream, Uniphore provides the world’s largest companies with a comprehensive toolkit to turn data into knowledge; unlocking the full power of […]

A sustainable, environmentally sound digital transformation

A sustainable, environmentally sound digital transformation

Excellencies, dear colleagues. The digital revolution is accelerating. If we use, and use well, the tools this revolution is bringing, they can slow the triple planetary crisis of climate change, nature and biodiversity loss, and pollution and waste. Help developing nations leapfrog to cleaner and more prosperous development pathways. And, of course, help to deliver sustainable development. The Global Digital Compact that will emerge from the Summit of the Future is therefore vital. My thanks to the Governments of Zambia and Sweden for their leadership. As the Compact acknowledges, we must pay close attention to the environmental impacts of digital technologies, so that the costs do not outweigh the benefits. As I hope that the world has learned from our climate failures and climate procrastination, prevention is not only better, but a lot easier, than the cure. That means that the environmental dimension of technologies such as AI cannot be an afterthought, a ticking of the proverbial box. We know that technologies such as AI impact the environment, from mining to emissions, from water consumption to E-waste – with issues of injustice deeply entrenched. But these impacts are not researched enough, particularly in the global south. This is why […]