The oil and gas industry is undergoing a significant digital transformation, with companies integrating advanced technologies into their daily operations. According to a recent report by GlobalData , technologies such as artificial intelligence (AI), blockchain, cloud computing, Internet of Things (IoT), robotics, and virtual and augmented reality (VR and AR) are now commonplace in the industry. Ravindra Puranik, Oil and Gas Analyst at GlobalData, highlights the impact of these changes: “Field personnel are extensively using handheld devices to gather data, make notes, and communicate with their team. “These changes are aimed at cutting down inefficiencies in workflows for improved productivity and lower costs.” The adoption of digital technologies is not only improving operational efficiency but also contributing to environmental sustainability. A recent poll conducted by GlobalData indicated that companies are deploying digitalisation to lower their operational emissions. This aligns with the industry’s increasing focus on environmental, social, and governance (ESG) objectives. “Drones are being used to monitor methane emissions in the industry, and AI can be used to determine effective strategies to mitigate methane emissions from daily oil and gas operations,” Puranik explains. However, the digital transformation journey is not without challenges. The industry faces a shortage of workers […]

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Participants at the national conference held by the Politburo and the Party Central Committee’s Secretariat in Hanoi on January 13 morning. (Photo: VNA) Zalo Facebook Twitter Print Copy link Hanoi (VNA) – A decision on the formation of the Central Steering Committee for the Development of Science, Technology, Innovation and Digital Transformation was announced at a national conference held by the Politburo and the Party Central Committee’s Secretariat in Hanoi on January 13 morning. According to the Politburo’s Decision No. 229 dated January 10, 2025, the Steering Committee, headed by Party General Secretary To Lam, consists of 19 members. It is responsible for leading and directing the implementation of breakthrough solutions to further promote science – technology development and innovation, and speed up national digital transformation. The Steering Committee is tasked with researching and proposing the Politburo and the Party Central Committee’s Secretariat consider and make decisions on mechanisms, legal policies, and breakthrough solutions for accelerating science-technology development, innovation, and digital transformation. It will also lead and coordinate with party committees at all levels to guide, inspect, and supervise the implementation of relevant resolutions and regulations of the Party, and the State’s laws; and review relevant legal mechanisms, policies, […]

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Top Trends Shaping the Future of Digital Engineering in 2025 “ The future of digital engineering is shaped by cutting-edge trends, including AI-driven solutions, digital twin applications , and cloud-based engineering. Emerging technologies in engineering like automation, smart practices, and sustainability are redefining industry innovations. Explore how engineering leaders are adopting advancements to revolutionise design, operations, and efficiency in 2025. ” Digital engineering is fundamentally transforming modern industries, creating unprecedented opportunities for innovation and operational excellence. As organisations navigate through digital transformation initiatives, the convergence of advanced technologies is reshaping engineering practices, methodologies, and outcomes. This transformation is particularly significant for enterprises seeking to maintain competitive advantages in an increasingly digital-first world. The space of digital engineering is experiencing rapid evolution, driven by technological advancements and changing market demands. As we approach 2025, several key trends are emerging that will define the future of engineering practices. These developments are not merely incremental improvements but represent substantial shifts in how engineering solutions are conceptualised, developed, and implemented across industries. Generative AI: Redefining Engineering Design Parameters Generative AI is transforming engineering design processes by introducing sophisticated algorithms that can analyse vast datasets and generate optimal design solutions. The technology’s capability to […]

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Lalit Mehta Decimal Technologies With fast technological progress, companies have now started to utilise low-code and no-code tools to speed up their digital changes. These tools make the software development process easier and faster, enabling businesses to build applications quickly and efficiently without needing highly skilled programmers. This transformation is critical now when speed and agility are essential for a company’s competitive advantage. Low-code and no-code solutions are growing to meet the never-ending need for digital tools in virtually every sector. These days, developing applications the traditional way is quite a lengthy and expensive process due to the requirement for knowledge or expertise in a specific programming language. Low-code apps facilitate an excellent deal of intricacy by providing an interface that allows both expert and novice users to create applications aided by visual elements, drag-and-drop functions, and already-made components. No-code apps take this a step further by spelling the end of programming, thus allowing business users to develop solutions that can satisfy their precise needs. A crucial cause for the growth of such platforms is the growing scarcity of trained developers. Companies that want to increase their digital activities have the challenge of finding and employing experienced developers. This […]

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The Indian pharma industry is at a juncture where digital transformation is sweeping the healthcare landscape. The author is Nilesh Gupta, Managing Director, Lupin One of the founders of the Indian pharma industry, my father D.B. Gupta, started Lupin over 55 years ago with the belief that no one should be left without the quality care they deserve. His passion led to the creation of Lupin, a company that provides healthcare to millions of patients and exists for people, not just profits. However, it is five decades later that we now have tools to truly deliver on the purpose of delivering quality healthcare to every patient globally-irrespective of age, background, geography or economic strata. You see so many instances of what will be the standard of care tomorrow already in use today-AI algorithms today diagnose diseases such as cancer with accuracy; pills embedded with sensors used to share real-time data; AI tools detect anomalies in X-rays and MRIs more accurately than traditional methods. This juncture that the healthcare industry stands at today, is both inspiring and empowering, with digital transformation sweeping the landscape. At the heart of this is one promise-delivering true personalised care. The need of the hour […]

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No high-performing mobile networks, no advanced digitalization … The Big Picture Explore and monitor how Digital Communications is affecting economies, industries and global issues Stay up to date: Digital Communications This article is part of: World Economic Forum Annual Meeting 5G advanced connectivity is paramount for facilitating other pillars of digital transformation. Open programmable networks allow two-directional interaction that will liberate developers to experiment and innovate. As the US, India, and China are leading progress on 5G, Europe risks being left behind. We are on the verge of a seismic shift, as enterprises and the public sector embrace full digital transformation. And with that shift comes a simple truth: No high-performing mobile connectivity, no advanced digitalization. We see three major, interdependent cross-industry trends accelerating over the next five to 10 years: electrification, automation, and digitalization. Realizing the potential of these trends depends on three connected technologies: mobile, cloud, and AI. Working together, these technologies will boost efficiency and productivity, while also enabling digital, user-friendly services, immersive experiences, and more sustainable solutions. Have you read? Why 5G fixed wireless access is integral to bridging the digital divide How 5G’s innovation potential will lift digitalization to the next level More than […]

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National Assembly Chairman Tran Thanh Man addresses the national conference on breakthroughs in developing science, technology, innovation, and national digital transformation on January 13. (Photo: VNA) Zalo Facebook Twitter Print Copy link Hanoi (VNA) – National Assembly (NA) Chairman Tran Thanh Man clarified policies and institutional solutions for improve legal frameworks for the development of science, technology, innovation, and national digital transformation a national conference on January 13. The top legislator highlighted the Party and State’s policies and laws aiming to boost the growth of science, technology, innovation and digital transformation, adding that since the beginning of the 15th tenure, the NA adopted eight relevant laws. Notably, 29 laws and 41 resolutions passed at the NA’s 7th and 8th sessions have addressed urgent practical issues, including the establishment of digital databases as well as regulations and policies supporting science, technology, and digital transformation. He assessed that the current legal framework has established numerous mechanisms and policies to encourage investment, finance, and human resources development in the fields of science, technology, innovation, and digital transformation. This is evident in the Science and Technology Law (2013), the Small and Medium-Sized Enterprises Support Law (2017), the Education Law (2019), the Investment Law […]

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Prime Minister Phạm Minh Chính presents the Government’s action plan to implement the Politburo’s Resolution 57 on developing breakthroughs in science, technology, innovation and the national digital transformation at a conference on Monday in Hà Nội. — VNA/VNS Photo Phương Hoa HÀ NỘI — The Government will create special policies and mechanisms on naturalisation, land and housing ownership, income, visas and work permits in a bid to attract Vietnamese scientists and experts living abroad, as well as foreign professionals, to work in Việt Nam. These professionals will serve as ‘chief architects’ in organising, managing and implementing national key projects, programmes and tasks, Prime Minister Phạm Minh Chính said at a national conference held on Monday in Hà Nội. Attracting leading scientists is one of the Government’s plans to implement the Politburo’s Resolution 57 on developing breakthroughs in science, technology, innovation and the national digital transformation, Chính said at the conference on the ‘strategic’ and ‘pivotal’ resolution. "Resolution 57 carries exceptional importance, serving as a guiding compass for development in a new era of prosperity, civilisation and global prominence. It is also a powerful call to action for Việt Nam to become a developed, high-income nation with global competitiveness," the […]

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The Lloyd’s building, London. Credit: https://unsplash.com/@diklein Lloyd’s of London’s CEO John Neal is leaving the insurance marketplace this year – and it’s rattled some members as a consortium continues with a “thorny” mission to ditch mainframes and paper processes under a troubled and delayed “Blueprint 2” digital transformation programme. The insurance marketplace has promised to publish a “heritage services exit plan” by this February – late last year it stripped back a group testing the delivery of new digital services to just four brokers and four carriers. An initial “go live” target of October 2024 for a new digital system meanwhile has been delayed, with “target dates” swapped for “target phases.” Under the overhaul, all insurance brokers will need to adopt new Digital Processing Services (DPS) to continue trading in the market. This post is for subscribers only Subscribe Already have an account? Sign In

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By Aaron Patrick, Head of Accounts, Boffix As the pace of digital transformation grows, small and medium-sized businesses are grappling with both unprecedented challenges and opportunities. From navigating economic uncertainty to meeting evolving customer expectations, the ability to adapt quickly has never been more critical. Technology is at the heart of this transformation, with financial management systems (FMS) emerging as essential tools for enhancing efficiency and resilience. Yet, despite the clear benefits, many SMEs remain hesitant to adopt these solutions. The 2024 Intuit QuickBooks Accountant Technology Survey underscores this urgency by revealing a striking contrast: despite a significant share (63%) of respondents weighing clients’ use of technology in assessing whether they’d be a good fit for their business, half of SMEs are still not utilising FMS. This reluctance persists even though 82% of businesses recognise that those leveraging FMS are better equipped to weather economic storms. By championing the adoption of digital tools like accounting software, accountants can play a pivotal role in helping SMEs harness technology to secure their future. There are some practical strategies for SMEs that I’ve used to help them get tech savvy, such as offering demonstrations and providing tailored solutions for certain sectors. I […]

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