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The Fintech Times’ Mark Walker recently caught up with Michael Clark, VP global head of digital transformation and futurist at Mastercard Data & Services to discuss data and its relationship with artificial intelligence (AI). Clark reflected on the oft-quoted analogy of ‘data as the new oil’, noting that the original intent behind this comparison was to highlight the need for data refinement to unlock its true value, rather than simply viewing it as a raw material. He stressed that data should be regarded as a valuable asset, akin to a utility like water, which has both intrinsic worth and practical applications in our daily lives. He also explained that the rise of AI has helped to elevate the importance of data management, as organisations have realised the need to better understand and utilise their data resources. Michael Clark, VP global head of digital transformation and futurist at Mastercard Data & Services The conversation then shifted to the challenges faced by the financial services industry, where the complexity of legacy systems and data silos has hindered the effective deployment of AI. Clark outlined the importance of data quality and the requisite skills to interpret AI-generated insights, underscoring the need for […]

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Image Credit: Cognizant mecwacare, a Victorian aged care and community services provider, has announced a complete transformation. In collaboration with Cognizant, mecwacare aims to drive innovation, expanding its healthcare services and enhancing experiences for clients, their families, employees, and the broader community. This digital transformation aims to modernise mecwacare’s existing enterprise applications and fragmented IT systems by optimising service delivery and enabling a future powered by deep data, analytics, and AI. As mecwacare’s delivery partner, Cognizant will implement a single integrated platform across the aged care provider’s entire range of services designed to optimise operations and facilitate person-centred care. The platform, powered by the integration of Salesforce and Workday, will innovate service delivery and people experience, supporting mecwacare’s clients to age in place while receiving tailored and quality care. The aged care provider aims to revolutionise the way they deliver care by embracing a holistic person-centric "hub" approach driven by client needs and anchored in quality, safety, and technology. Data and analytics will enable mecwacare employees to make informed decisions at the point of care to enhance both care delivery and operational efficiency. Anne McCormack, CEO, mecwacare This ambitious project underscores mecwacare’s commitment to creating a client and workforce […]

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A technician tests an electric vertical take-off and landing (eVTOL) aircraft in Hefei, Anhui province, which is bolstering the development of new quality productive forces. (CHINA DAILY) The world’s development paradigm has shifted to "digital by default" as a norm, reshaping societies and economies. As a hub for digitally driven innovations, the Asia-Pacific is well positioned to leverage the transformative potential of digital technologies to accelerate progress toward the United Nations Sustainable Development Goals. Emerging technologies are enabling smarter climate action, building more disaster-resilient cities and optimizing urban development. Artificial intelligence is helping improve the accuracy of early warning systems for disasters by providing the right information that reaches all the right people at the right time. Digital finance is more inclusive — expanding access especially for marginalized groups — while digital government platforms likewise enable public services to reach all citizens more effectively and efficiently. The Asia-Pacific Digital Transformation Report 2024, which was launched in early September, demonstrates how digital innovations have enabled more sophisticated climate mitigation and adaptation measures across infrastructure, governance, mobility, industry and trade, disaster risk reduction, and agricultural and biodiversity ecosystems. Drawing from International Energy Agency data, the deployment of digital technologies and big […]

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Saudi Arabia, a nation traditionally known for its vast oil reserves, is rapidly emerging as a global technology powerhouse. Underpinned by the ambitious Saudi Vision 2030 initiative, the Kingdom is undergoing a sweeping digital transformation. It aims to diversify its economy and position itself as a leader in innovation and tech-driven industries. This ambitious endeavour has attracted many regional and international companies, all eager to participate in Saudi Arabia’s technological growth. The change, however, has been in the works for some time now. The Public Investment Fund (PIF), has been investing in the tech space since 2015. The PIF has been touted as the highest-spending state-owned investor in the first half of 2024. According to a Global SWF report, the PIF has pumped a whopping $10.2 billion from January to June 2024. The sovereign wealth fund has been a major investor globally and was reportedly the top spender in 2023, deploying $31.6 billion in the year. From cloud infrastructure and AI-powered services to the construction of futuristic smart cities, the Kingdom is making bold strides to ensure its future is rooted in technology. Saudi Arabia’s journey to becoming a global tech hub is more than a strategy; it’s a […]

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India’s construction industry is an important pillar of a rapidly growing economy. There has been a swift change in the industry, with countries implementing digital tools to stay ahead in the race, and so is India. Its construction industry is set for massive growth, projected to record a 17% increase in revenues in the coming year. Digital transformation is revolutionising the construction industry by unlocking new possibilities for the future.From virtual reality and Building Information Modeling (BIM) to robotics, drones, and IoT integration, the industry is undergoing a digital transformation. These are some of the technologies that will be used by Indian construction firms to drive efficiency, streamline operations, visualise designs with precision, make data-driven decisions, and optimise the overall building process and cost. The level of technology adoption by businesses in the country stands at around 28% of their expenditures. This is higher compared to other advanced markets, such as Japan and Singapore. A key driver behind this is the realisation that digital tools can considerably reduce project schedules and improve coordination among stakeholders and resource use optimization to realise better quality and safety. Challenges to Digital Transformation While the prospects look promising, this path toward full digital […]

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marketing interactive Indonesian digital infrastructure solutions GoTo Group and tech company Tencent have partnered up. The collaboration will see Tencent Cloud providing a comprehensive suite of cloud infrastructure solutions and digital services to GoTo’s business. As part of the five-year partnership, GoTo will leverage Tencent Cloud’s technology and platform as a service (PaaS) service. Don’t miss: GoTo partners Microsoft ID in move to adopt AI tool At the same time, GoTo’s engineering team will collaborate with Tencent Cloud’s in-house service and architecture experts. This is to further develop its technology, allowing the company to improve its enterprise offerings as well as boost its consumer-centric products and strengthen user experience. GoTo’s range of services will also be further bolstered by Tencent Cloud’s local presence. “We are excited to partner with GoTo to drive Indonesia’s digital transformation. With over 20 years of experience in technological innovation and building large-scale digital ecosystems, Tencent Cloud’s high-performance, easy-to-maintain, and flexible cloud services will benefit GoTo’s key service offerings. We remain committed to GoTo and Indonesia and we look forward to exploring further collaborations in the future," said Poshu Yeung, senior vice president, Tencent Cloud International. “The partnership between GoTo and Tencent Cloud will support […]

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We are thrilled to announce that Codestone has been recognised as the Best ERP-Led Digital Transformation Firm 2024 – UK by the Corporate Excellence Awards. This prestigious accolade, now in its 7th year, is the result of a rigorous research and selection process conducted by Corporate Vision’s in-house team. The awards highlight businesses that stand out in their industries, drive innovation, and demonstrate exceptional commitment to growth and client services. Your Trusted Partner in Digital Transformation Advisory At Codestone, we understand that digital transformation is a complex journey that requires more than just the right technology. It demands a clear strategy, a deep understanding of industry trends, and a roadmap that aligns with your business goals and commercial modelling to fund innovation. That’s where our advisory services come in. We are a strategic partner, guiding businesses through every step of their digital transformation journey. From assessing your current technology landscape to identifying the most impactful opportunities, we help you prioritise investments, navigate challenges, and stay ahead of the competition. Whether you need to optimise your ERP and core business systems, enhance your data strategy and analytics capabilities, or migrate and modernise into the cloud, Codestone offers expert advice on […]

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+A -A Baghdad – INA Ali Al-Moayyed, Chairman of Communications and Media Commission-CMC, invited Doreen Bogdan-Martin, Secretary-General of the International Telecommunication Union (ITU), to visit Iraq in a move aimed at strengthening international cooperation and advancing Iraq’s digital transformation agenda. Al-Moayyed underscored the critical importance of the ITU’s strategic support in Iraq’s ongoing efforts to modernize its telecommunications infrastructure and align with global technological trends. According to a statement issued by CMC , received by the Iraqi News Agency (INA), the meeting between Al-Moayyed and Bogdan-Martin took place on the sidelines of Iraq’s participation in the Future Summit in New York. Discussions centered on Iraq’s institutional efforts in key areas such as digital transformation, artificial intelligence, cyber security, electronic payments, and banking sector reforms, all of which are essential to integrating with the global digital economy. A focal point of the dialogue was Iraq’s persistent digital divide and strategies to close this gap. Both parties explored the potential of universal service projects and the recent advancements within Iraq’s telecommunications and information technology sectors, with Al-Moayyed reiterating the need for enhanced international cooperation to achieve comprehensive digital inclusivity. Al-Moayyed highlighted Iraq’s unique demographic advantage, particularly its dynamic and tech-savvy youth […]

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Brasil TecPar has announced a strategic partnership with IT consultant Sauter to drive digital transformation at the Brazilian telecoms operators They will work on three key pillars using Google tools.

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