“The future isn’t digital. The present is.” From boardrooms to coffee shops, everyone’s talking about how Digital Transformation has changed the world we live in. Think about it. A decade ago, hailing a ride meant waving at passing taxis. Today, a few taps on your phone brings a car to ayour doorstep. That’s not evolution. It’s revolution. This digital wave has radically altered our work lives too. The 9-to-5 office job is becoming a relic. Now, work happens anywhere, anytime. Virtual meetings connect global teams instantly. AI assistants handle routine tasks, freeing humans for creative thinking. Cloud computing lets us access vast resources on demand. AI enhances productivity through smart automation. Cloud services offer unmatched scalability. Industry 4.0 technologies transform Manufacturing with real-time monitoring and advanced analytics. These aren’t just buzzwords. They’re the building blocks of a new business landscape. As businesses race to keep pace with this digital revolution, they face both exciting opportunities and daunting challenges. Understanding the key trends shaping this landscape is crucial for navigating the path ahead. Key Trends and Challenges in Digital Transformation The Rise of Artificial Intelligence AI is revolutionizing industries, boosting efficiency and sparking innovation. Its importance is clear: Zinnov’s 2023 […]

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Caribbean News Distinguished as salient drivers of sustainable digital transformation, 60 policy makers and leaders have just concluded a two-day workshop towards Changing Mindsets for Innovation and Digital Transformation in Saint Lucia. The workshop was organized through a collaborative effort involving United Nations Department of Economic and Social Affairs (DESA); Economic Commission for Latin America and the Caribbean (ECLAC); Caribbean Centre for Public Administration (CARICAD) and the United Nations Resident Coordinator Office for Barbados & the Eastern Caribbean (UN RCO). Small Island Developing States (SIDS) like Saint Lucia, have been persistently lagging other comparable economies in the developing world on the path to sustainable development, due to compounding crises such as natural disasters and the COVID-19 pandemic. Promoting innovation and digital transformation can potentially help to ‘build back better’ by delivering services in a more effective and inclusive way, particularly to underserved, rural, physically disconnected, and otherwise marginalized segments of society. However, the public sector appears to encounter a capacity challenge in delivering change and transformation, with challenges being experienced in relation to mindsets, capacity, processes, and right skillsets. ​Implementing ​effective, accountable, and inclusive governance and institutions​, and pursuing​ opportunities for innovation and digital transformation, including digital services, ​could […]

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(Vitanovski/Adobe Stock) The U.S. Army recently provided the following definition for "digital engineering," in the article "A Matter of Course," that explains how the Army is developing a new digital engineering course. Here’s how the Army describes digital engineering: "Digital engineering is the process of digitally designing military equipment, such as future combat vehicles or other military hardware, to be designed and built in a virtual environment where it can be tested, analyzed and can engage with Soldiers before a single piece of iron is bent to build the prototype. While digital engineering has become the norm in many commercial manufacturing settings, it is still a relatively new concept to the Army, and this knowledge gap has created a need for professional education inside the force." On the second episode of Season 4, we highlight some of the digital transformation and new digital technologies and capabilities being developed and adopted by three of the largest aerospace and defense manufacturers in the world, including Lockheed Martin, Northrop Grumman and Raytheon. The chief executives from each of these industry giants highlight how they’re using digital design tools, developing new digital capabilities and adopting artificial intelligence (AI) during their respective second quarter […]

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(Image credit: Getty Images) SMBs in the UK are feeling confident about their business over the next 12 months, and see digital transformation as vital for growth. Research by fintech firm SumUp finds that 18% of small businesses have already invested in digital transformation initiatives to support and grow their business. Three-in-ten said that investing in digital transformation and technology is very important to their business, with examples including purchasing on-the-go card machines, modernizing IT infrastructure , or improving customer accessibility by opening an e-commerce store. Meanwhile, 41% said that digital transformation is moderately important, and that while they may not feel the need to invest in the technology right now, they do believe they will do so in the near future. LATEST VIDEOS FROM itpro One-in-seven said that digital transformation holds slight importance, and that it will be addressed only after more urgent challenges are handled; and only 14% said they didn’t think investing in digital transformation was important to support their business growth. In terms of general confidence, business owners and decision makers say they’re optimistic about the next 12 months, especially as the UK exits the technical recession it entered in 2023. Over a third said […]

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Whether it’s ready or not, an automated, paperless cell and gene therapy manufacturing industry has emerged. But how will it affect everyday operations, global megatrends in sustainability and the environment, and the primary endpoint of improving the lives of patients? Paperless manufacturing enhances the sector’s sustainability by reducing resource consumption, waste, and carbon footprint. Traditional manufacturing relies heavily on paper-based documentation for batch records, SOPs, and quality control records. Moving to digital systems eliminates the need for printing, storage, and disposal of these documents, reducing the consumption of paper, ink, and energy. Digital platforms also provide the elements required for scaling, resulting in improved data management and traceability, process streamlining and efficiency increases, and collaboration and knowledge sharing. With controlled inputs, QA teams can apply “release by exception,” speeding up therapy releases and minimizing non-conformance. Real-time and remote data access improve stakeholder alignment and communication, increasing efficiencies across the ecosystem. Capturing and sharing process data drives sector-wide innovation, advancing therapies and ensuring the sustainability of business models for these innovative modalities, but to derive this from paper-based manufacturing is highly challenging and time-consuming. Digital transformation, either from paper or other less-than-adequate digital tools, is often deprioritized due to the […]

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SNS Insider pvt ltd The shift towards digital business operations is pushing companies to streamline their financial workflows, with e-invoicing offering significant benefits in terms of cost savings, error reduction, and faster payment cycles. Pune, Aug. 12, 2024 (GLOBE NEWSWIRE) — E-Invoicing Market Size & Growth Analysis: “According to SNS Insider Research, The E-Invoicing Market Size was valued at USD 12.7 Billion in 2023 and is expected to reach USD 63.93 Billion by 2032, with a growing compound annual growth rate (CAGR) of 19.69% over the forecast period of 2024-2032.” Market Analysis The increasing e-commerce and penetration of IT in sectors such as BFSI & telecom drive the market growth to demand specific invoicing solution which shall be effective and easy scalable. Digitalization as well as regulatory norms are propelling the e-invoicing market significantly. Organizations have now transformed from paper-based invoicing to electronic systems for more convenient operations, increased effectiveness and reduced costs. This also reflects the broader global shift of a move towards sustainability, as e-invoicing has lower paper requirements and carbon emissions. One of the primary drivers for e-invoicing is regulatory mandates as tax authorities try to improve transparency, reduce fraud, and increase compliance by enforcing the […]

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Social Commerce Serves as Case Study on Shopping’s Digital Shift The lines between social interaction and commerce are increasingly blurred, and they show no signs of separating, at least not anytime soon. “Social commerce takes the entire shopping experience, from finding a product, researching it and paying for it, onto a social media platform,” Discover® Global Network Global Head of Digital Acceptance Ellie Smith told PYMNTS. This phenomenon, which represents the seamless integration of social media and eCommerce, is reshaping the retail landscape, offering new opportunities for consumers, merchants, tech providers and payment networks by transforming traditional online shopping into an engaging and interactive experience. “For consumers, social commerce is a fundamental shift from a one-dimensional experience to an interactive event,” Smith explained. Consumers can engage with brands, ask questions and interact with influencers who demonstrate and endorse products, making the shopping experience more personalized and engaging. For merchants, social commerce opens a new channel to reach and sell to consumers, enhancing their digital footprint. Smith underscored that as social media grows, this channel becomes increasingly crucial to capturing market share, especially among younger generations who spend much of their time on various social platforms. “It is a way […]

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How can AI-enabled digital transformation support robust crisis management? The world is in perpetual crisis. One incident builds on another before we have recovered from the one that came before. To survive in polycrisis mode, organizations are looking for new solutions to help them manage threats and respond appropriately. I wondered whether implementing improved artificial intelligence (AI) capabilities as part of strategic digital transformation could help businesses to thrive in this new reality. If so, how are leading organizations experimenting with them to improve their crisis management capabilities and build operational resilience? To learn more, I posed this question to Brian R. Spisak, PhD, the author of Computational Leadership: Connecting Behavioral Science and Technology to Optimize Decision-Making and Increase Profits, a research associate at the National Preparedness Leadership Initiative at Harvard University and a faculty member at the American College of Healthcare Executives. He responded that AI technology is currently being deployed by large corporations to manage risk in a variety of ways. “Large corporations deploy AI technology to manage risk and enhance operational resilience by leveraging predictive analytics to anticipate potential crises, optimizing resource allocation, and automating response strategies”, says Spisak. “AI tools analyze huge amounts of data […]

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As energy demands and costs soar, accelerated computing is poised as the critical solution for data centers and business leaders across industries. Credit: iStock Businesses increasingly rely on powerful computing systems housed in data centers for their workloads. As the data center market expands, at an estimated growth rate of 10.5% from 2024 to 2030 1 , energy consumption has become a major concern. Data centers consume about 1-2% of the world’s electricity 2 , expected to double by 2030. That’s a lot of energy. Without evolving data center platforms, energy sources, and operations to support this demand, data center growth will not be sustainable financially or environmentally. The energy demands are too high, and the old ways of boosting performance are no longer sufficient. This is where accelerated computing 3 , powered by graphics processing units (GPUs), has emerged as a transformative solution. This solution, when optimized to reduce emissions and energy consumption, is our best path to sustainable computing 4 . Striking the Balance With Accelerated Computing As businesses strive to cut emissions while delivering more computational throughput in the era of AI and big data, accelerated computing has become essential to achieve these goals. By switching […]

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Frances West is the Founder of FrancesWest&Co, a global strategy advisory company focusing on operationalizing diversity inclusion through digital transformation. Frances brings to the table 30+ years of experience across a variety of fields. She has held numerous executive positions, including being IBM’s first Chief Accessibility Officer, where she managed a global team to establish IT accessibility standards, shape government policies, and develop human-first enterprise technology and solutions enabling all people to reach their highest potential. As a first-generation Asian immigrant, Frances brings a unique personal perspective to the DEI space in addition to her board base global business background. A globally sought-after public speaker, Frances has spoken at TED, Mobile World Congress, World Congress on Information Technology, Consumer Electronics Show, and South by Southwest. She is the author of the book “Authentic Inclusion™ Drives Disruptive Innovation,” a C-suite oriented cultural and digital transformation leadership best seller selected by CES and SXSW as one of the 2019 Technology Business Book of the year. While visiting the US on a university exchange program, Frances found herself opened up to new opportunities and new connections. Find out how this redefined her future on the One Away show. The show is shared […]

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