Source: Cynthia Lee/Alamy Stock Photo) China’s big three operators have just delivered some notably similar first-half results. For each of them, cloud and digital transformation drove topline growth, profit rose more than revenue and shareholder returns increased generously. China Telecom, the last to file, reported net earnings of 21.8 billion Chinese yuan (US3.1 billion), an 8.2% gain over last year, with revenue up 2.8% and service revenue 4.3% higher. Industry giant China Mobile said net profit had improved 5.3% to RMB80.2 billion ($11.2 billion), outpacing revenue, which rose 3% to RMB546.7 billion ($76.6 billion). China Unicom announced 11.3% higher net income of 13.8 billion ($1.93) on the back of a 2.9% lift in sales to RMB197.3 billion ($27.6 billion). Thanks to the halo effect that is attached to Chinese state-owned enterprises (SOEs) these days, the big three operators once again enjoyed healthy demand for their cloud and enterprise digitalization services. China Mobile says its digital transformation business grew 11% to RMB147.1 billion ($20.6 billion), accounting for 26% of all revenue. China Telecom reported digital industry sales of RMB73.7 billion ($10.3 billion), a 7% increase, and China Unicom said revenue grew 7% to RMB43.5 billion ($6.1 billion). Double-digit growth All […]

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Wipro will modernize their IT landscape as a foundation for wider business transformation Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading technology services and consulting company, today announced that is has been selected by the John Lewis Partnership (JLP) to transform and modernize the firm’s IT infrastructure. The transformation project will help the UK retailer advance its industry leadership and future-proof its business to drive ongoing, sustainable growth. As part of this engagement, Wipro FullStride Cloud will extend JLP’s current cloud infrastructure, Network and End user services for another four years. The Wipro FullStride Cloud team will collaborate with JLP and Google Cloud in a strategic transformation of their X86 platform to the cloud, enabling them to unlock new business value by making them more agile, optimizing operating costs, and streamlining business operations. As part of this engagement, Wipro and JLP will investigate the adoption of innovative solutions that continue to reinforce their industry leadership and put the retailer at the forefront of retail technology and store modernization. Omkar Nisal, UKI Managing Director, Wipro Limited said, “We’re delighted to be expanding our work with the John Lewis Partnership. Enabling them to modernize and future-proof their business speaks […]

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Tech Mahindra (NSE: TECHM), a leading global provider of technology consulting and digital solutions to enterprises across industries, and Google Cloud today announced a strategic partnership to boost generative AI (gen AI) adoption and lead digital transformation for various entities of Mahindra & Mahindra (M&M), one of India’s leading industrial enterprises. As part of the partnership, Tech Mahindra will leverage artificial intelligence (AI) and machine learning (ML) technologies to enhance various aspects of engineering, supply chain, pre-sales, and after-sales services for M&M. Tech Mahindra will also lead the cloud transformation and digitization of M&M’s workspace and deploy M&M’s data platform on Google Cloud. Rucha Nanavati, Chief Information Officer at Mahindra Group, said, “At Mahindra, we are committed to pushing the boundaries of innovation and continuously improving customers’ experience. Our partnership with Google Cloud is a step forward in setting new customer experience benchmarks by leveraging the power of AI-based insights. Furthermore, we are confident that with Tech Mahindra at the helm of deploying these services, this collaboration will herald a new era of technological innovation.” M&M and Tech Mahindra will also use Google Cloud’s AI technologies to develop AI-powered applications for critical business areas. Google Cloud will support M&M […]

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ABN AMRO and nCino partner to drive digital transformation. Source: Shutterstock.com nCino has announced that ABN AMRO, one of the largest banks in the Netherlands, is live on nCino’s Cloud Banking Platform. ABN AMRO selected nCino as a key technology platform to strengthen the Bank’s ambitions to be a personal bank in the digital age by supporting continuous development. ABN AMRO is utilising nCino across its corporate lending operations, as well as for collateral management across all its lines of business. By implementing nCino, ABN AMRO is unlocking added business value through enhanced collateral management and consolidating multiple legacy systems into one platform, unifying its end-to-end lending process for both customers and employees. As a result of the successful project and go-live, nCino and ABN AMRO have extended their partnership Accenture helped to accelerate ABN AMRO’s digital transformation strategy by leveraging its global experience and regional expertise to support the rollout of the platform. Sumitra Moeller, Head of Financing Solutions at ABN AMRO, said: “We have selected nCino to take the bank forward in our strategy to provide clients with industry-leading lending products, to offer a digital experience, to strengthen the personal contact with our clients and to be […]

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Photo by MangKangMangMee / Shutterstock.com Within recent years, the U.S. Department of Health and Human Services has continuously pushed for technology modernization. New technologies present a wide range of benefits for health care agencies, from enhancing the customer experience to protecting patient data from cyber threats. The Potomac Officers Club’s 2024 Healthcare Summit on Dec. 11 will offer you an inside look at federal health care priorities and challenges. At the event, you will have the opportunity to hear from experts speakers representing federal health agencies as well as private sector organizations. To learn more and register to attend the summit, visit the event page on the Potomac Officers Club website. In July, the department took the next step in its transformation journey with the launch of a major reorganization effort . Keep reading for a look into HHS’ next moves. Strategic Leadership Reorganization Through this reorganization initiative, HHS aims to integrate policy and operations functions, which were previously spread across the Office of the National Coordinator for Health Information Technology, or ONC; the Assistant Secretary for Administration, shortened to ASA; and the Administrator for Strategic Preparedness and Response, or ASPR. Under the new structure, ONC will be renamed […]

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What might seem a pullback more likely just signals investment focused on outsourcing as opposed to payrolled workers. Credit: chase4concept/Shutterstock General Motors on Monday confirmed layoffs of more than 1,000 salaried employees in its software and services division, in a move that suggests enterprises are rethinking their software and digital transformation strategies. Meaningful analysis is difficult because GM’s internal and external comments are cryptic about the reasons for the layoffs. Various industry observers said the move almost certainly reflects a decision to outsource those software efforts to technology partners. But GM itself said only that these software efforts were a lower priority than unidentified other business needs, and that GM choose to “prioritize the investments that will have the greatest impact.” Internally, the company said that the shift was “not a cost-cutting measure, but rather a way to more efficiently run software operations,” the Detroit Free Press quoted GM spokesman Kevin Kelly saying. “We took a close look at the resources and what people were working on and realized we needed to make an adjustment,” Kelly said. “In an email sent to GM salaried employees Monday that was obtained by the Detroit Free Press, Baris Cetinok (GM’s senior vice […]

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Generative AI exposed the incomplete nature of digital transformation investments, emphasizing the pressing need to transform for an entirely new future of business. Credit: Ground Picture / Shutterstock Digital transformation represented among the largest investments in technology to modernize businesses starting in the early 2000s. But the call for digital transformation really gained popularity after 2011 when Capgemini, in partnership with MIT, officially coined the term , defining it as “the use of technology to radically improve performance or the reach of businesses.” From there, the phrase went viral among practitioners, media, researchers, and executives as it described strategic plans for competitiveness and growth. With the rise of generative AI, CEOs recognize an opportunity to shift from technology-led digital transformation to executive-led business reformation. Following the unprecedented proliferation of genAI with the launch of OpenAI’s ChatGPT in 2002, executives were forced to reckon with the effectiveness of digital transformation to date. Now, CEOs are thinking about the role AI plays in overall business and operational transformation, while realizing that digital transformation didn’t live up to its hype or promised returns. Digital transformation wasn’t really about transformation As digital transformation became increasingly popular in 2011, I studied trends, investments, and […]

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Digital transformation is a hot topic around the world, both in academia and in practice. Nepal cannot stay away from this discourse and has also envisioned the idea of a Digital Nepal. However, digital transformation presents various challenges, not only in the developing world but also in developed countries. Philosophers even raise the question, especially because of the rise of artificial intelligence: is it doing anything good for human society? However, in my opinion, it’s not possible to reverse the situation. We have to learn to live with the digital paradigm. But it’s necessary to reflect on questions such as: are we focusing too much on the digitization of everything, or do we need to strike a balance? Or, in practical terms, digitalization for what? For whom, and how? I have been reflecting on this discourse based on my research and personal experiences from three different countries. Here, I have first-hand experience and some insights to share. During my first PhD in Industrial Engineering years in South Korea, I gained valuable insights into technology’s profound impact on society. South Korea’s remarkable transformation from a country struggling with poverty due to its colonial past to a leading tech innovator is […]

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