Tata Consultancy Services (TCS), India’s largest IT services firm, reported a 6% increase in consolidated revenue from operations for Q3 FY25, reaching ₹63,973 crore, up from ₹60,583 crore in Q3 FY24. The company’s consolidated net profit rose to ₹12,380 crore, compared to ₹11,058 crore in the same period last year, with a sequential increase of 4%. Despite Q3 being a typically weak season for IT companies, TCS experienced strong total contract value (TCV) growth, driven by investments in cybersecurity, artificial intelligence (AI), and generative AI partnerships. CEO K Krithivasan expressed satisfaction with the diverse TCV performance, which enhances long-term growth visibility. He noted a recovery in the banking, financial services, and insurance (BFSI) and consumer business group (CBG) sectors, alongside promising signs of increased discretionary spending. The major IT firms, including TCS, Infosys, Wipro, and HCL, plan to significantly increase their revenues from the Indian market, leveraging the country’s digital transformation and the rising adoption of AI technologies. In November 2024, TCS extended its contract with the System for Pension Administration Raksha (SPARSH) for automating pension processes for defense personnel and expanded its partnership with the Bank of Baroda for a financial inclusion solution. Internationally, TCS secured contracts with […]

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In this ‘Five Minutes With’ series , we interview senior civil servants about their achievements in 2024 and goals for the year ahead. This interview features Ross Ermel, assistant deputy minister for digital transformation in Canada’s Department of National Defence. What was your organisation’s top achievement in 2024? In May 2024 we announced the creation of the Digital Services Group (DSG) at National Defence Canada that amalgamated the pre-existing CIO Group and Digital Transformation Office. The integration of these two teams allowed us to streamline the delivery of digitally enabled services and clarify areas of responsibility and accountability from each founding organisation. This allows the DSG to improve its capability sustainment, support the enablement of Canadian Armed Forces (CAF) operations and facilitate the transition towards a more agile and responsive service delivery model that aligns with current Government of Canada and industry standards and best practices. What was the biggest challenge you faced in 2024? Reshaping our organisation is a vast undertaking that requires considerable coordination and time to ensure that the process was done carefully and with purpose. This integration effort involves the dedicated effort of thousands of employees across the organization with the aim of putting the […]

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2024 Logo (PRNewsfoto/ABI Research) NEW YORK, Jan. 9, 2025 /PRNewswire/ — Investments in energy grid modernization and digitalization have not kept pace with energy demands and requirements over the past years. Given rapid electrification and the ongoing energy transition toward net zero, spending on grid digital transformation needs to accelerate. According to a new report from global technology intelligence firm ABI Research , aggregated worldwide investments in grid digitalization will grow from US$81 billion in 2024 to US$152 billion in 2030. "The benefits of the digital transformation of energy grids are huge and wide-ranging," explains Dominique Bonte, VP End Markets and Verticals at ABI Research. "Most importantly, it enables the real-time management, orchestration, and continuous reconfiguration of increasingly complex and distributed energy networks and assets while unlocking much-needed additional generation and transmission capacity. It also reduces costs in terms of both grid expansion and operational management, improves grid resilience in terms of reduced downtime and faster fault recovery, and enhances overall energy quality and efficiency." Examples of key grid digitalization technologies and their use cases and benefits are listed below. Digital and Virtual Energy Substations – With the energy sector facing the new reality of both distributed and intermittent […]

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Diriyah Company’s adoption of SAP Private Cloud solutions underscores its commitment to modernizing operations and supporting Saudi Arabia’s ambitious digital transformation. As the visionary force behind Diriyah, a sprawling 14-square-kilometer cultural and lifestyle hub, Diriyah Company has implemented SAP Private Cloud solutions to optimize its operational framework. This strategic initiative enhances efficiency, supports data-driven decision-making, and establishes a technology infrastructure designed to evolve with future demands. The deployment represents a pivotal step in the broader vision of transforming Saudi Arabia into a global leader in culture and tourism. Diriyah’s collaboration with SAP aligns with the Kingdom’s digital transformation strategy, a key component of Vision 2030. This national initiative seeks to diversify the economy by advancing technology and innovation across various sectors. By leveraging SAP’s expertise, Diriyah Company reinforces its role in driving forward Saudi Arabia’s technological ambitions. The Role of SAP Private Cloud in Diriyah’s Success SAP Private Cloud solutions provide Diriyah Company with a centralized, scalable platform to oversee its operations. This includes specialized modules tailored to the real estate sector and SAP SuccessFactors, which enhances human resource management. The inclusion of SAP Ariba streamlines procurement processes, while the SAP Business Technology Platform enables advanced application development, data […]

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Digital Transformation Market The ������� �������������� ������ size was valued at US$ 1663.53 Billion in 2024 and the total Digital Transformation revenue is expected to grow at 13.7% through 2025 to 2032, reaching nearly US$ 4646.38 Billion ������� �������������� ������ ��������: Digital transformation involves integrating advanced digital technologies into all organizational areas, fundamentally reshaping business operations and delivering enhanced value to consumers. This transformation is characterized by automation, optimization, and innovative business models that revolutionize revenue streams. Beyond technology, digital transformation also represents a cultural shift, redefining workplace dynamics and team management. This comprehensive evolution enables organizations to achieve meaningful improvements in efficiency, productivity, and cost-effectiveness. ���� �� ��� ��� ������? ������� � ���� ������ ������ �����: https://www.stellarmr.com/report/req_sample/Digital-Transformation-Market/352 ������� �� ��� ������� �������������� ������: The market’s growth is driven by increasing adoption of digital initiatives and campaigns across diverse industries. Companies are implementing digitization programs to streamline operations, reduce wasteful expenditures, and optimize workflows. Digital transformation facilitates precise financial management, significantly reducing labor and operational costs. Moreover, as businesses shift toward data-driven decision-making, the adoption of digital solutions has become a critical factor for competitiveness and scalability. ������� �������������� ������ ������: Technological advancements such as industrial robotics, AI-powered systems, […]

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(Image credit: Andriy Onufriyenko/via Getty Images) For years, digital transformation has been the mantra for businesses everywhere. Yet, despite substantial technological investments, many organizations have reached a plateau. According to Gartner, IT departments allocate a substantial portion of their budgets to maintaining existing systems and operations, rather than innovation. Specifically, IT budgets often allocate around 66% to running and maintaining systems, leaving only 34% – and far from all of that is spent on growth-focused innovation. This isn’t surprising when digital transformation is often viewed as a means to an end; as a way to optimize existing processes and reduce costs rather than a catalyst for growth. But what if we shifted our perspective and saw our digital assets not only as tools for efficiency but also as engines for generating new value? That’s where experience innovation comes in. LATEST VIDEOS FROM techradar Tech Radar Pro What is experience innovation? According to the IDC’s Worldwide Digital Transformation Spending Guide, companies worldwide are projected to spend more than £2.6 trillion on digital transformations in 2026, with a five-year compound annual growth rate of 16.3%. However, too many of these projects develop into a tunnel vision on optimization. Experience innovation is […]

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The Pro.Lean module, part of Emerson’s Movicon platform, creates a holistic view of OEE to improve overall plant efficiency. Source: Emerson Discrete Automation Advanced technologies like AI, the Industrial Internet of Things (IIoT) and data analytics are routinely hyped for driving transformative efficiencies and productivity gains. Yet the reality is most manufacturers are relatively early in the process of developing their digital agenda. One factor contributing to this is how manufacturing productivity, the metric associated with how quickly a company can turn out goods, has been stymied by rising customer demand for bespoke products. “It’s easy to get better when you’re doing the same thing all the time, but that can change as soon as variability hits,” explained Keith Chambers, vice president for manufacturing solutions at Aveva . “It takes more time to deal with new variations, products, formulations or customer requirements. It has a huge impact.” To address this and other production related challenges, manufacturers are implementing an expansive digital technology agenda. Despite a turbulent business climate, 98% of global manufacturers surveyed for Deloitte’s Digital Maturity Index survey have started a digital transformation journey compared to 78% in 2019. Respondents said technology investments accounted for 30% of their […]

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Nordic organizations are investing in cloud solutions for digital transformation. The ISG report highlights hybrid strategies and sustainability. Tietoevry Tech Services is a leader in this field. Share LinkedIn Twitter Facebook Reddit Pinterest Email WhatsApp Messenger Telegram Gmail WEBWIRE – Thursday, January 9, 2025 In the 2024 ISG Provider Lens™ Multi Public Cloud Services report, which assesses cloud transformation capabilities, Tietoevry Tech Services is recognized as the Nordic leader for the fifth year in a row. According to the report, the rapid acceleration of digital transformation and the emphasis on sustainability are driving the adoption of hybrid and multi-cloud environments in the Nordics. Organizations are increasingly investing in cloud solutions to enhance their digital capabilities, drive innovation and maintain competitive advantage. A well-defined cloud strategy, a thorough assessment of existing systems, and expert guidance are crucial to unlocking the full potential of cloud innovation while meeting new regulatory requirements such as the EU’s Corporate Sustainability Reporting Directive (CSRD). “Our focus is to act as a digital enabler for Nordic customers, helping them to accelerate development, gain insights from their data and bring solutions to market efficiently. While the public cloud is the key enabler for these advances, managing its […]

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FangXiaNuo via Getty Images Liana Passantino is a senior principal research specialist at Gartner Inc. As CHROs face ongoing pressure to deliver operational excellence and create greater business value, they are looking to HR transformation as the solution. In fact, according to Gartner research from July 2024 , 87% of leaders believe that shifting business needs require continuous HR transformation. While many HR teams feel stretched thin and are experiencing constant change in today’s work climate, it’s important to recognize that HR transformation doesn’t have to be a massive change that happens all at once. Instead, CHROs can evolve — even if incrementally — the HR function’s leadership, capabilities, operating model or technology to better align with business goals to deliver more impact for all stakeholders. content image Access now➔ Trendline The top employee benefits companies are focusing on As employers prioritize retention, benefits remain a crucial piece of business’ employee value propositions. According to a December 2023 Gartner survey of over 415 global CEOs and senior executives, the workforce, including issues around talent retention, hiring and DEI, is the third business priority area for CEOs for 2025 after growth and technology. HR leaders can expect that as CEOs […]

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Xpect Solutions FAIRFAX, Va., Jan. 7, 2025 /PRNewswire/ — Xpect Solutions, a premier systems integrator with over 20 years of experience delivering advanced technology solutions to federal agencies, and a NewSpring Holdings Platform Company, today announced the acquisition of GovDefender, a highly regarded leader in digital transformation, systems modernization, and enterprise IT web, mobile and application development. This strategic acquisition enhances Xpect Solutions’ ability to provide comprehensive, innovative, and secure technology solutions for federal law enforcement and national security customers. Xpect Solutions Expands Digital Transformation Capabilities for Federal Law Enforcement Founded by Josh Baze, a next-gen solutions architect, GovDefender is an expert in developing secure digital media intake solutions that enable the rapid processing of public-submitted digital content, allowing federal agencies to solve crimes faster. GovDefender is comprised of a close-knit team of subject matter experts, all of which are known for their deep customer engagement and ability to identify and address gaps in enterprise IT environments. "This acquisition represents a significant milestone for Xpect Solutions," said Yusuf Abdul-Salaam, CEO of Xpect Solutions. "Josh Baze and his team’s visionary methodology transcends industries and challenges, offering a universal framework that transforms any system into a seamless, future-ready operation. Their unique […]

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