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The recent re:Invent 2022 conference focused on innovations in cloud solutions and digital transformation. Security, AWS for industries, a zero extract, transform, and load future, and new chips were just some of the announcements made during the conference, all highlighted during the keynote speech by Adam Selipsky, chief executive officer of Amazon Web Services Inc. “We are a customer-focused company that happens to be good at innovating incredible products and services for our customers,” said Leah Bibbo (pictured), vice president for product marketing and strategic communications at AWS. “The energy in the room and what Adam talked about is focused on a few great things for customers that are important for transformation.” Bibbo spoke with theCUBE industry analyst John Furrier at the recent AWS re:Invent conference, during an exclusive broadcast on theCUBE, SiliconANGLE Media’s livestreaming studio. They discussed AWS’ new security service, AWS for industries and more. (* Disclosure below.) A safe and accessible cloud When businesses move their workloads into the cloud, security is a huge factor to consider, with users wanting the best security solutions without overspending. AWS’ new Security Lake is a “game-changing” security service for those searching for that security sweet spot, according to Bibbo. […]

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Service providers are helping automakers transform vehicles and semiconductor companies adapt to geopolitical and pandemic disruptions, ISG Provider Lens™ report says STAMFORD, Conn.–(BUSINESS WIRE)– $III #Automotive –U.S. manufacturers are increasingly engaging with service providers to address significant challenges around supply chains and new product requirements, according to a new research report published today by Information Services Group ( ISG ) (Nasdaq: III ), a leading global technology research and advisory firm. The 2022 ISG Provider Lens™ Manufacturing Industry Services report for the U.S. finds that manufacturers in two major sectors — automotive and semiconductors/hi-tech — have begun outsourcing a growing number of capabilities as each industry has gone through major changes over the past few years. “U.S. manufacturers are operating under vastly different conditions than they faced before the pandemic,” said Bob Krohn, partner, manufacturing, at ISG. “In the case of the automotive industry, the fundamental focus of the product is simultaneously shifting from hardware to software.” Automotive manufacturers in all markets, including the U.S., are in the midst of a long, complex transition from hardware-defined to software-defined vehicles, the report says. This revolution is driven partly by demand for a new generation of vehicles that will be autonomous, […]

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Moore, who joined SHI last year, has more than 20 years’ experience in technology management with large IT corporations SOMERSET, N.J.–(BUSINESS WIRE)– SHI International , one of the largest IT solutions providers in the world, has appointed Dwight Moore its Chief Information Officer. Moore, who joined SHI last year as Chief Technology Officer, assumes overall responsibility for the continued strategic planning, development, and implementation of transformative technologies that will increase efficiencies, improve the digital experience of customers, partners, and employees, and support SHI’s continued growth goals. Moore brings more than 20 years of senior IT management experience, holding VP or CTO positions at Dell, Dell Financial Services, Presidio, and multiple early-stage, venture-backed companies. His successful track record of IT strategy and management, combined with business and product development, make him ideally positioned to oversee the complex ecosystem of the global IT solutions provider. “Dwight’s unique set of skills and technology management experience made him the right choice to be our CTO last year, and he’s shown what he can bring to SHI’s leadership team ever since,” said Thai Lee, President and CEO of SHI International. “Just as we help our customers use technologies to transform their business, SHI must […]

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South Korean company Naver Cloud has partnered with Singapore-based telecommunications company StarHub to drive digital transformation in the telecommunications industry in Southeast Asia. The companies plan to offer 5G network services based on edge cloud computing and jointly develop ultra-low latency cloud services under StarHub’s Cloud Infinity program. Naver Cloud will combine its private 5G building experience and technology in the new Naver building ‘1784’ with Singapore’s public 5G to support customers running 5G core solutions and various workloads on cloud-optimized container platforms. meta_naver-cloud_starhub » pickool The partnership will also establish a collaborative system to strengthen global competitiveness, starting with Southeast Asia, by signing a cloud management services partnership (MSP) and applying cloud technologies to various enterprises. Cloud-based telecom technology is becoming an essential foundation for telecom companies’ digital innovation. Telecom companies can use the cloud to respond quickly to change and manage resources efficiently. By extending NAVER Cloud’s infrastructure and services to the edge and customers’ data centers, the partnership aims to help customers achieve digital transformation in telecommunications. The partnership is an important step in expanding the cloud ecosystem in Southeast Asia. Combining cloud services and telecom technologies will help develop new customer value. This is a […]

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Martin Curley pictured at Open Innovation 2.0 in the Convention Centre Dublin in 2014. Image: Conor McCabe Photography Curley compared his task to climbing Mount Everest in bad weather and referenced difficulties such as ‘supply chain and funding blockages’. The HSE’s head of digital transformation has resigned with immediate effect, hinting at difficulties in achieving the role’s goals. Martin Curley compared his task to climbing Mount Everest in bad weather, citing difficulties such as “supply chain and funding blockages”. He announced his resignation from the role of digital transformation and open innovation director on LinkedIn today (16 January). “We have called off this particular ascent on Everest,” Curley said. “We could still succeed but there would be too many casualties, including me.” “Therefore as part of a well thought out, broader and evolving plan I resigned yesterday with immediate effect from the Health Service Executive.” Curley joined the HSE in 2018 to assist the service in adopting new digital technologies to transform Irish healthcare. During his time in the role, the HSE launched nine digital health labs across Ireland to address various issues such as Covid-19 and using AI in healthcare. In 2020, the HSE also partnered with medtech […]

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Spinny Sales 2022 Gurugram, Haryana, India: Maruti, Hyundai and Honda remain the three most in-demand car brands among buyers Bengaluru, Delhi-NCR and Hyderabad generate significant demand, with 71% of buyers opting for petrol cars Increase in demand for airbags, sunroofs and automatic transmissions in used cars Increase in the demand for automatic compact SUVs Spinny Insights 2022 First-time car buyers 60% Women car buyers 32% Home deliveries 85% Online purchases 48% Top three car-buying cities Bengaluru, Delhi-NCR and Hyderabad Top three preferred car brands Maruti Suzuki, Hyundai and Honda Top three preferred car models Hyundai Grand i10, Hyundai Elite i20 and Renault Kwid Top three preferred colours White, Silver and Grey With the growing economy and steady growth in disposable incomes, full stack used car retailing platform, Spinny has reported a sizable growth in demand for used cars, especially from metropolitan cities. As per the year-end report, it witnessed a 60% increase in first-time car buyers across India in 2022 as compared to 57% in 2021. Valued at $23 billion in FY 2021-2022, the used-car market is projected to grow double the rate, at a CAGR of 19.5% till FY 2026-2027. As per data from Spinny, cities that saw […]

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Systematic upskilling is the need of the hour. Annee Bayeux, chief learning strategist at Degreed, shares what transformation leaders must focus on to enable relevance and help workers navigate the future of digital transformation. In October 1957, a beach ball-sized aluminum sphere soared across the American night sky 100 miles above the earth, broadcasting a squeaking, wobbly beep. The sight and sound of Sputnik, the first human-launched satellite to orbit the earth, set off a wave of fear in America and a revolution in education. The nation immediately responded to what it saw as Russia’s emerging Cold War challenge in science and technology by reengineering the way it taught its students math and science. Today, we face another Sputnik moment. The fourth industrial revolution – the introduction of technologies such as AI, robotics, cloud technologies and IoT – is leaving thousands of companies and millions of workers ill-equipped to compete in a reinvented world. As a result of this constant reinvention, the new reality for all workers is the need to upskill continuously. Learning must include every worker from C-Suite offices to factory floors. In fact, investment in that type of education is already taking place. Two years ago, […]

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Voyaging on turbulent waters far from home, early sailors ventured in fear of legendary sea monsters – monsters created to explain what was unknown, and which came to life through the many vivid stories that were shared on ship and shore. Fast forward to 2023 and the maritime industry finds itself equally in the thrall of a more modern breed of mythical monster as it faces one of the most turbulent periods in its long history. These monsters appear in the stories we tell ourselves about the uncharted waters of digital transformation today, revealing our fears of what a tech-dominated future might look like – and how we might navigate a safe route to get there. To that end, we’ve set out to battle these beasts by surveying a broad cross-section of maritime professionals across EMEA, the US and APAC about their concerns, and what they and we believe the industry can do to successfully adopt innovative maritime technologies. Debunking the mythical beasts of maritime digital transformation In producing our report, we confirmed that two of these monsters that exist in the maritime psyche today pose urgent challenges that will see organisations either fail, survive, or thrive in the […]

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Drazen_/E+ via Getty Images Elevator Pitch My Buy rating for KT Corporation’s (NYSE: KT ) [030200:KS] stays unchanged. I wrote about KT’s "multiple tailwinds" relating to its telecommunications and non-telecommunications businesses in my prior update for the stock published on November 7, 2022. With this current article, my focus is on the sell-side analysts’ expectations for KT, potential changes to its future dividend payouts, and the growth opportunities associated with digital transformation. My research suggests that the sell-side has a positive opinion regarding KT, and the stock has potential catalysts relating to dividend policy changes. More importantly, digital transformation is a key structural growth driver for KT in the mid-to-long term. I retain my Buy rating for KT, as I think that its future is bright after considering the above-mentioned. Analysts Have A Favorable View Of KT Stocks tend to perform well when they are viewed favorably by the market. Therefore, it is critical to assess how the sell-side analysts think about KT Corporation, as this will have a major influence on KT’s share price performance in the near term. I consider the sell-side consensus financial forecasts, analyst ratings and price targets in evaluating analyst sentiment for KT Corporation. […]

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At the end of every year there’s a natural tendency within every industry to assess how far it has come in the past 12 months and where the next 12 might lead. With that in mind, below are some of the key trends we saw in 2022. Interest rates The steep increase in interest rates we’ve seen in 2022 has had a number of different consequences. It has changed the funding environment for the FinTech sector quite profoundly. There’s good evidence that fintech valuations have come down as a result of high interest rates. Higher interest rates have also helped the big banks do rather well, increasing their net interest margins. And therefore, they have been posting some very strong results recently. Global transformation In terms of the digital transformation of banks, there is a lot of evidence to suggest that this has accelerated in 2022, partially driven by a number of different market events. In the UK there have been conversations around Pay.UK’s New Payments Architecture (NPA); the proposal for new legislation aimed at the accelerated adoption of real-time payments in Europe, the forthcoming introduction of FedNow in the US; while at a wider scale the move to […]

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