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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 […]

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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 […]

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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 […]

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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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