Physical conference on February 5-6 in Mumbai MUMBAI, INDIA, Jan 10, 2025 – (ACN Newswire) – The Unified Payment Interface (UPI) has changed how India handles money, moving from paper to digital transactions. As more people use digital payments during COVID-19, It has become a game-changer. It allows people to send money at any time, helping to bring more people into the banking system and connecting both those with and without bank accounts. UPI has made formal financial services accessible to millions and has had a clear impact on India’s digital economy. It makes it easier to pay without cash and encourages more use of digital payments, which reduces reliance on cash and leads to a more productive and transparent economy and also helps businesses become more official, which in turn increases tax revenue and reduces illegal money flows, making governance more effective. However, there are challenges to address, including concerns about data privacy, regional disparities, and the need to integrate with traditional payment methods like credit cards. Despite these hurdles, the platform continues to grow, largely due to its strong security measures and low costs for users. This positions it to compete effectively with global players like MasterCard […]

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Welcome to the paradox of digital transformation. The long-standing practice, which until recently was the focal point of business and technology change, will find itself toiling in the background as AI developments move front and center. But at the same time, digital transformation could spread across more practitioners than ever before. Front-line employees, equipped with AI-powered low-code tools, are expected to take on more digitalization projects in a broad effort extending beyond the IT shop. The economics of digital transformations reveal another irony. Spending on transformation continues to grow, with some market research estimates predicting a market approaching $4 trillion within a couple of years. But an expanding market could also mean a maturing one. Some sectors such as e-commerce will likely show slower growth, following a wave of rapid digital commerce adoption. Here are five digital transformation trends set to shape 2025. 1. AI supercharges digital transformation AI-driven transformation emerged as a trend in 2023, as more organizations began to view generative AI (GenAI) as a source of competitive advantage. This article is part of What is digital transformation? Everything you need to know Which also includes: 7 examples of digital transformation success in business 11 reasons why […]

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illustrating women working with computer system As low-code tools have become more popular, organizations have found ways to maximize their value. Four of the current low-code trends in app development have the potential to accelerate digital transformation. Low-code trend #1: Workflow automations Repetitive manual processes—like requesting support, entering data manually, and verifying identities—can be replaced with automated process flows to save time and free up your workforce for more innovative and business-critical work. Low-code trend #2: Adding AI to apps When you add intelligence to your apps , workflow automations save your workforce even more time. Imagine that you’ve built an app that captures business card data. With the addition of AI, your app can understand and process text, then automatically enter that text in the right fields in your sales tool, eliminating several steps that used to be managed by humans. AI can also analyze data to make predictions, which can have significant positive impacts on business operations. Low-code trend #3: Extending low-code apps with custom code Low-code platforms usually come with plenty of pre-built apps and workflows that can be deployed right away or after just a few code-less tweaks. Adding custom code to these templates results […]

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Modern Healthcare’s Best in Business 2024 recognized Ascent Strategy Group for setting a standard of excellence in healthcare marketing and public relations. Ascent Strategy Group is the first public relations agency built to power healthcare’s digital transformation. (PRNewsfoto/Ascent Strategy Group) Agency Founder nominated Outstanding Agency Professional, Innovator of the Year First public relations agency built for digital health cites lack of primary care access, heart health deserts and maternal care shortage as urgent disparities to address LAS VEGAS, Jan. 8, 2025 /PRNewswire/ — Ascent Strategy Group, the first public relations agency dedicated to powering healthcare’s digital transformation, is recognized by Modern Healthcare’s Best in Business for setting a standard of excellence in healthcare marketing and public relations. The trailblazing Chicago-based agency celebrated its first anniversary today at the Consumer Electronics Show (CES) by affirming its mission to advance health equity amid increasing disparities. The agency launched last year at the world’s largest innovation showcase which unites tech luminaries to pioneer the future and solve the world’s biggest challenges. Agency Founder Nominated Outstanding Agency Professional, Innovator of the Year "Our healthcare system is stretched amid crisis levels in health disparities, and we are resolved to help bridge these gaps," said […]

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The research explores how digital transformation, driven by AI and automation, is reshaping global labor markets, creating opportunities while widening skill gaps and inequalities. It emphasizes the need for ethical AI integration, workforce upskilling, and collaborative policies to ensure equitable and inclusive economic growth. CoE-EDP, VisionRI | Updated: 09-01-2025 11:01 IST | Created: 09-01-2025 11:01 IST Representative Image. SHARE The research, conducted by the World Bank in collaboration with Romania’s Ministry of Research, Innovation, and Digitalization (MCID) as part of their Reimbursable Advisory Services Agreement, explores the profound impact of digital transformation on the global workforce. Through the development and piloting of the Startup Enabler Capability Assessment (SECA) toolkit, the study examines how automation and artificial intelligence (AI) are reshaping labor markets, creating both opportunities and challenges for economies worldwide. By analyzing current data and global case studies, the research highlights the dual nature of technological advancements. While these innovations promise economic growth and increased efficiency, they also present risks such as job displacement, skill mismatches, and widening inequalities if left unaddressed. Unequal Impacts Across the Globe A key finding is that the impact of digital transformation varies significantly across regions. Developed economies, equipped with advanced infrastructure, robust education […]

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Cargo ship transportation India’s National e-Governance Division (NeGD), established by the Ministry of Electronics & Information Technology (MeitY), has formed a partnership with the Indian Ports Association (IPA) to accelerate digital transformation in the country’s maritime industry. This collaboration seeks to address digital gaps in the port and shipping sectors, eliminates logistics fragmentation, and modernizes outdated practices. “This strategic partnership aims to drive digital transformation in India’s maritime sector by integrating NeGD’s technological expertise with IPA’s in-depth insights into the maritime sector (ports, shipping, etc.) and logistics industries at national and international levels,” India’s Ministry of Electronics & IT said in a statement . “Key areas of focus include advanced software development, system integration, capacity building, and the adoption of emerging technologies ,” the statement said. The partnership aims to build a strong framework for optimizing logistics systems, improving operational efficiency, and modernizing the port ecosystem. This initiative also creates a technology-driven maritime digital ecosystem by promoting seamless integration and collaboration among stakeholders. Through this partnership, both NeGD and IPA aim to address longstanding challenges, such as insufficient digital infrastructure in the port and shipping sectors. The collaboration envisions a future where ports across India are interconnected, utilizing real-time […]

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Vinay Acharya | Vinay Acharya has transformed Walmart’s merchandising operations through his digital innovation and strategic leadership, transforming the way the retail giant manages its $5 billion merchandising ecosystem by developing and implementing the first-of-its-kind Merch One platform. There was an urgent need to merge the rather complex merchandising processes of Walmart into one effective and simple system. Acharya initiated and executed an initiative that was difficult-to-understand and challenging because the group attempted to merge multiple workflows for merchants. That was going to cohere into a single workflow system compatible with Walmart’s strategy for tremendous operational improvements. This transformation was rooted in Acharya’s innovative approach to problem-solving and in-depth understanding of merchant needs. The Online Pickup and Delivery workstreams proved a game-changer, unlocking a substantial revenue opportunity of $417 million by addressing long-standing operational pain points. Most notably, it achieved a remarkable 37% reduction in Nil Pick Loss, particularly for low-coverage items, significantly enhancing inventory management and order fulfillment efficiency. In fact, it created a single source of truth across all fulfillment and shipping channels, and the development of the module became the cornerstone of the project’s success. Such comprehensive data visibility empowered merchants, resulting in a 10% year-over-year […]

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AI-driven data centres enable scalable, efficient infrastructure to support innovations across industries like fintech, e-commerce, and logistics. Image courtesy of Scott Rodgerson. BDx Data Centers (BDx) recently launched Indonesia’s first AI-based data centre park, equipped with Nvidia’s accelerated computing technology. In an interview with Frontier Enterprise, Mayank Srivastava, Chief Executive Officer of BDx, discusses the role of this development in advancing Indonesia’s AI innovation initiatives and shares insights into how frontier technologies are reshaping the data centre industry. Which are the different aspects of the digital economy that are fueling the rise in demand for AI data centres in Indonesia today? Digital sovereignty mandates, the e-commerce boom, the rise of fintech, and various government initiatives are driving the growth of AI data centres in Indonesia. The Indonesian government’s GR 71 (Government Regulation No. 71/2019) requires data for public services to be processed and stored domestically, reinforcing the need for local data centres. Indonesia’s digital economy is growing rapidly, with increasing internet and smartphone penetration leading to a surge in data generation across multiple sectors. Furthermore, businesses in the country are increasingly adopting AI technologies to gain a competitive edge, improve efficiency, and enhance customer experiences. In the booming e-commerce […]

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Enhancing customer experience with immersive AR/VR technologies for the Škoda Kylaq launch. BiUp.ai, an AI-led immersive tech SaaS platform, has partnered with Škoda Auto India for the launch of the Škoda Kylaq. The focus of this collaboration is on digital transformation within the automotive industry, with the aim of creating a unified, connected customer experience using advanced technologies. This partnership marks a step forward for both companies in enhancing the future of automotive marketing. By integrating BiUP.ai’s AI-led immersive visualization suite, the collaboration seeks to improve customer engagement and provide valuable insights for the automotive sector. Petr Janeba, Brand Director for Škoda Auto India, remarked, “The all-new Kylaq represents a new chapter for Škoda in India, with a strong emphasis on redefining the customer experience. Utilizing AI, AR, and XR technologies enables customers to interact with the vehicle in a digital setting, offering a more immersive and convenient experience.” “BiUP.ai is excited to partner with Škoda Auto to bring the Kylaq to life in a unique and innovative manner,” said Prashant Sinha, CEO and Founder of BiUP.ai. “Our expertise in AI, data intelligence, and extended reality has allowed us to develop a platform that enhances customer engagement. This collaboration […]

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Dr Ahmed Idris, Kenya Red Cross Secretary General. The Kenya Red Cross Society (KRCS) yesterday unveiled its data and digital transformation strategy (2024-2028) to stakeholders in Nairobi. According to the KRCS, the goal of this strategy is to use data and digital technologies to transform humanitarian action and provide meaningful, inclusive, and sustainable services. This entails incorporating digital tools and data-driven insights into humanitarian efforts to guarantee they are efficient, effective, and adapted to the specific needs of communities. “In the past few years, we have witnessed the transformative power of data and digital solutions in addressing some of the most pressing humanitarian challenges,” said Dr Ahmed Idris, KRCS secretary general. “From improving our disaster response capabilities to enhancing community health and well-being, these technologies have become integral to our mission,” he added. Idris stated that the local Red Cross seeks to embrace a data-driven and digitally enabled approach that will be critical in fulfilling the changing requirements of the communities they serve. “This strategy is not just about technology. It is about people. It is about equipping our staff, volunteers, and communities with the skills and tools they need to make a difference,” Idris said. “It is about […]

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