#FeaturedPost Somalia, historically characterised by a predominantly cash-based economy, has recently made significant developments toward digital financial inclusion. ADVERTISEMENT Recommended articles markets Switzerland’s strategy aims to foster sustainable and inclusive future for Africa markets Top 10 African countries that have gone from low-income to middle-income economies markets Top 10 African countries with the highest tech funding in 2024 The country’s financial landscape has long been shaped by limited access to formal banking services, with only about 15% of the population banked. The challenge was also pushed by the concentration of licensed commercial banks in urban areas and the financial exclusion of rural and nomadic populations due to the country’s environment. However, recent government initiatives aimed at promoting digital payments and modern financial solutions are yielding positive results. Today, over 160 million mobile payment transactions are processed in Somalia, reflecting a rapid uptake of digital financial services. Understanding the benefits of digitalization, Somalia’s government has taken huge steps to modernise its financial ecosystem and provide citizens with access to reliable, internationally accepted payment methods. In line with its vision to digitally transform the economy, the government has prioritised expanding digital payment options to both individuals and merchants. To support this […]

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The past year was a landmark one for Vietnam as the country launched 5G in keeping with its digital transformation agenda. The recent launch serves to fulfil the government’s vision of leveraging science, technology, and innovation to drive the digital transformation of the country, and it will create the next wave of inclusive and sustainable socioeconomic development for the country. Rita Mokbel, President, Ericsson Vietnam Ericsson has been in Vietnam since 1993 and we have been a partner to the country through generations of mobility, bringing the benefits of connectivity to the people of Vietnam. Together with leading operators, we have launched 5G in Vietnam and are working with them to ensure Vietnam is at the forefront of 5G developments, sharing our technical capabilities, market insights and thought leadership. Globally, 2024 saw some extraordinary examples of how 5G can rise to the challenge of high-traffic scenarios. From the Paris Global Sporting Event and the European Football Championships to Taylor Swift’s Eras concerts, these events demonstrated the power of 5G to deliver seamless connectivity in demanding conditions. These cases represent the real-world potential of 5G and its ability to redefine connectivity. We expect that by 2029, more than 70 per […]

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Pushing past roadblocks to drive sustainable business transformation in Europe Banner Our new joint study with IMD explores how businesses can move past roadblocks while leveraging drivers and accelerators for fast-tracking business transformation and sustainability success Despite widespread commitment to sustainability, businesses are facing challenges in turning ambitious goals into impactful actions. Key hurdles include fragmented visions, an overemphasis on risk and compliance, misalignment between leadership and middle management, limited scalability, and a disconnect between sustainability objectives and resource allocation. Recognizing the complexities and multidimensionality of sustainability, Capgemini Invent partnered with IMD, a globally renowned academic institution, to explore how organizations are navigating their sustainability journey. Through in-depth interviews with 91 senior executives across 11 industries within the EU/EEA, the research blends quantitative data with qualitative insights, to explore the ‘how’ of an ideal sustainable business transformation. The whitepaper examines not only roadblocks and drivers, but also practical steps businesses are taking to integrate sustainability into organizational DNA. “With the ever-increasing importance of sustainability to businesses, often the path ahead is unclear. Despite ambitious sustainability commitments, businesses may struggle to transform without leveraging necessary drivers and accelerators. Holistic sustainability integration can lead organizations to be better positioned to face […]

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The Da Nang Port Joint Stock Company has focused on developing and applying information technology to production, maximising digitalization of all stages in the operational process, especially focusing on container cargo. Pioneering digital transformation in the Vietnamese seaport system has brought many benefits to the Da Nang Port; thereby, reducing costs and increasing added value for customers. Automatic container gates at the Tien Sa Port bring high benefits. Photo: THANH LAN With modern infrastructure and diverse services, the Da Nang Port has affirmed its leading role in promoting regional economic development. In recent years, the Da Nang Port has continuously invested in upgrading port infrastructure such as putting into operation the project of building a yard behind piers No. 4, 5 of Tien Sa Port, equipped with 1 QCC crane, 4 ERTG cranes and accompanying technical infrastructure, meeting the needs of serving container ships up to 50,000 DWT and general cargo ships up to 70,000 DWT, passenger ships with a capacity of 168,000 GT. At the same time, it is a leading unit in the Vietnamese seaport system in digital transformation, applying renewable energy technology and energy-saving solutions in daily operations. According to the assessment of the Da Nang […]

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Two-thirds of banking CEOs are confident in the growth prospects of the banking and capital markets industry over the next three years. 81 percent report generative AI (Gen AI) as a top investment priority for their organization. Talent remains a key concern in driving technology-enabled business transformation. 81 percent reported cybercrime/cyber security as the top factor likely to have a negative impact on organizational growth over the next three years. 58 percent anticipate receiving a significant rate of return on their ESG investments within three to five years. CEOs in the banking sector are confident about their company’s growth potential and are betting on large investments in emerging technology, a survey of 120 sector leaders from across the world finds. The KPMG CEO Outlook, now in its tenth year globally, revealed that 66 percent of banking CEOs are confident in the growth prospects of the banking and capital markets industry over the next three years. Eighty-one percent report Gen AI as a top investment priority for their organization, despite ongoing economic uncertainty, as they see emerging technology as a key component in business transformation. However, talent and cyber security remain key concerns for industry leaders as the industry attempts […]

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The rapid growth of the digital economy has propelled Vietnam’s retail e-commerce market to surpass $25 billion in 2024, marking a 20 per cent increase from the previous year. The country’s e-commerce sector continues to sustain impressive growth rates, ranging from 18 to 25 per cent annually. Additionally, the retail e-commerce market now constitutes approximately 9 per cent of Vietnam’s total retail sales and consumer service revenue. Continued growth set for e-commerce “This achievement not only drives the nation’s economic development but also leads the digital transformation of businesses across sectors,” said Lai Viet Anh, deputy director of the Vietnam E-commerce and Digital Economy Agency under the Ministry of Industry and Trade, during a conference on digital economy development held on December 25 in Hanoi. The conference, which focused on promoting digital transformation in wholesale and retail, underscored the role of e-commerce in Vietnam’s economic growth. It was reported at the event that Vietnam’s e-commerce sector has solidified its position as a pioneering force in the digital economy. In 2023, e-commerce reached $20.5 billion, contributing to the broader digital economy valued at $30 billion, placing the country among the top three Southeast Asian nations by digital market size. In […]

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Chandrasekhara Mokkapati In an era where retail giants face unprecedented challenges in pricing optimization and market responsiveness, the remarkable transformation of Macy’s Price Authoring System stands as a testament to innovative technical leadership and operational excellence. Under the guidance of Technology Leader Chandrasekhara Mokkapati, this ambitious modernization initiative has set new standards for retail pricing systems, demonstrating how legacy transformation can drive substantial business value and competitive advantage. The 100 million dollars-plus initiative, impacting over 400 locations and processing approximately 300 billion transactions annually, emerged as a critical challenge in retail digital transformation. With responsibility for leading a diverse team of 30+ technical professionals across onsite and offshore locations, Mokkapati faced the complex task of transitioning from mainframe systems to a next-generation platform while maintaining continuous business operations and meeting aggressive performance targets. At the core of this success story was a strategic approach to system architecture and team leadership. As the primary technical authority, Mokkapati implemented innovative solutions including machine learning-driven pricing recommendations and seamless integration with planning tools. The project’s impact exceeded all expectations, achieving an impressive 300% year-over-year ROI in sales – a remarkable accomplishment in an industry often challenged by technical debt and system limitations. […]

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Home » Online Degree Programs » Role of AI, ML, and IoT in Digital Transformation Online Degree Programs AI, ML, and IoT are key drivers of digital transformation, automating tasks, analyzing data, and optimizing decisions. These technologies enhance operational efficiency, improve customer experiences, and unlock new business opportunities. January 9, 2025 Table of Contents Role of AI, ML, and IoT in Digital Transformation: In the rapidly evolving digital landscape, businesses are increasingly looking for ways to stay competitive and innovative. Digital transformation, powered by technologies such as Artificial Intelligence (AI), Machine Learning (ML), and the Internet of Things (IoT), is reshaping industries across the globe. These technologies are playing a vital role in enabling organizations to achieve operational efficiency, enhance customer experiences, and unlock new business opportunities. This article explores the role of AI, ML, and IoT in driving digital transformation, their synergies, and their impact on various industries. Introduction to Digital Transformation Digital transformation refers to the integration of digital technologies into all aspects of a business, leading to fundamental changes in how companies operate and deliver value to customers. At its core, digital transformation is about leveraging the power of technology to optimize processes, improve decision-making, and […]

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Sridevi Kakolu She was recently given a special award called the 2024 Global Recognition Award. This honor was given to her because of her hard work and outstanding contributions to digital transformation, especially in the energy industry. Through her work, she has helped create new ideas and methods, which makes her stand out as a true leader in her field. Her efforts have made a big difference in helping her company adapt to new technologies and modern working methods, showing her excellent skills and commitment to the industry. Two Decades of Innovation and Excellence in Technology Sridevi Kakolu has worked on many critical projects that bring significant changes. She has been deeply involved in Oil & Gas, Healthcare insurance and Telecom projects. She has played a key role in digital transformation projects using her skills to help create new ideas and solutions that make a difference. Her journey shows a strong commitment to improving technology and always doing high-quality work. Because of her dedication and talent, she is seen as a respected and valuable leader in the tech industry. People look up to her for her ability to inspire and make positive changes in the industries she works with. […]

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Africa is on the verge of becoming a digitally transformed continent, yet the road to this transformation is riddled with challenges that demand urgent solutions. Across the continent, markets remain fragmented, with differing regulations, uneven internet access, and a lack of interoperability in digital systems. At the same time, almost millions of Africans remain unconnected, unable to access digital services that could transform their lives. From education and healthcare to entrepreneurship and trade, the opportunities of the digital age remain out of reach for too many. This divide is not just an infrastructure problem—it’s a lost opportunity for economic growth and empowerment in a region with the world’s youngest population. In response to these challenges, the African Union (AU) have proposed a bold and ambitious solution: creating a Digital Single Market (DSM) . A unified digital market could drive billions of dollars in economic growth, create millions of jobs, and position Africa as a global leader in digital innovation. But achieving this vision requires more than just ambition—it demands unprecedented collaboration among governments, the private sector, and international partners. So, as Africa takes steps toward this future, we must ask: Can the dream of a single digital market become […]

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