What should be the future of digital transformation? With hyperconnected India, the digital age of 2047 will be very different from what it looks today. Those who do not learn from history are condemned to repeat it. Clichéd as this may sound, this truism has been validated time and again throughout the course of history with chilling ruthlessness. Consider this: the average tenure of S&P 500 companies is less than 20 years, and it is getting shorter -80 percent of the Fortune 500 list from 1970 had been replaced 50 years later. Why?Among many of the reasons is their inability to learn from FONT SIZE Already a Member? Sign In now Want to read the full story? Well, this is exclusively available for our ET Prime Members. Netbanking, Credit & Debit Card Subscribe with Google ₹399/month Monthly PLAN Billed Amount ₹399 No Trial Period ₹399 ₹208/month (Save 49%) Yearly PLAN Billed Amount ₹2,499 15 Days Trial ₹399 ₹150/month (Save 63%) 2-Year PLAN Billed Amount ₹3,599 15 Days Trial Unlock top trending exclusive articles with ET Prime ET Prime Membership Benefits 1 Clean experience with minimal ads Reading made easier & distraction free 2 Access the exclusive Economic Times Stories, […]

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Strengthening SA’s digital economy. Picture: SUPPLIED Rapid digital transformation is reshaping the SA economy, altering how the nation learns, works, trades and accesses information. This raises the expectations of faster growth, innovative offerings and job opportunities. A recent Business Day Focus 4.0 conference brought to you by the Johannesburg Business School (JBS) and in partnership with Takealot Group, SAS Institute, Datacentrix, Sybrin SA, PNet and Vulatel focused on innovative technologies, a data-driven approach, and the skills required to meet the demands of an expanding digital agenda. The keynote address was delivered by Abejide Ade-Ibijola, professor of artificial intelligence (AI) and applications and head of the Innovation Lab at the JBS, who spoke about the technological skills shortage in SA. Though there are growing opportunities in the technology space — and no shortage of money to pay for them — few young people have the necessary skills to benefit from these opportunities, said Ade-Ibijola. Universities equip students with theory, but that needs to be augmented with practical skills. Though online courses and YouTube videos help with upskilling, they are not recognised by employers. He said the solution is to train students while they are studying. JBS’ Innovation Lab encourages students […]

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Highlighting initiatives like ITU’s Generation Connect and UNCDF’s Inclusive Digital Economies to Leave No One Behind, and ITC’s FastTrackTech, Youth and Trade and ecomConnect this session will explore the benefits of developing digital solutions to fully unlock youth’s potential. Join us and share your thoughts and experiences on youth leadership in digital transformation. Description Young people are leaders in digital transformation today. Youth around the world continue to produce innovative solutions to some of our most complex problems in digital development; furthermore, we must empower and acknowledge young voices in this space as we work towards engaging youth in the digital development dialogue to build a more connected global community. Organizers : ITU, UNCDF, ITC.

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FedEx Express, a subsidiary of FedEx Corp. FDX and the world’s largest express transportation company, announces its eighth edition of ‘SME Connect’ series on ‘ Future-Fit SMEs: Unlocking Growth Opportunities through Digital Transformation . The ‘SME Connect’ series is a thought leadership and knowledge sharing platform for SMEs to interact with industry and subject matter experts for solution-focused discussions that can bring value to their business. The current edition of FedEx SME Connect focuses on the need for SMEs to accelerate their digital capabilities, which is critical for business success. The engaging session throws light on how SMEs can build a purpose driven business model through digital transformation, overcome challenges during the transitioning phase, the tools they can leverage to scale their business globally, and the impact of the Union Budget announcements on the sector. Salil Chari, senior vice president, Marketing and Customer Experience – AMEA, FedEx Express said, “Keeping up with digital transformation has become imperative for SMEs to stay agile in a changing business environment. The adoption of digitalization opens doors for SMEs to expand their customer base and strengthen their market presence. With the eighth edition of FedEx SME Connect series, we aim to empower SMEs […]

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Arun Sharma (IRClass): “We are committed to providing the highest quality services to our customers and this collaboration will enable us to achieve that goal” (source: Indian Register of Shipping) Classification society Indian Register of Shipping (IRClass) will collaborate with French multinational Dassault Systèmes to use the latter’s virtual twin technology to drive the classification society’s digital drive IRClass aims to build a digital framework based on four key pillars – technology, people, processes and open innovation – and is aiming to offer remote vessel and fleet monitoring, performance and voyage optimisation, remote maintenance assistance, predictive maintenance and condition monitoring. It will use Dassault’s 3DEXPERIENCE (3DX) platform to increase the performance and efficiency of complex marine and offshore projects. Dassault’s 3DX platform allows companies to create and visualise a virtual twin of products, processes and operations. Unlike a digital twin prototype that focuses on one specific object, virtual twin allows users to visualise, model and simulate the entire operation. IRClass believes the platform will enable it to enhance and implement data-driven decision making, concept design, engineering, integrated operations and maintenance processes. Chairman Arun Sharma said Dassault was selected after an analysis of other marketplace offerings. He added the association […]

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Körber’s supply chain software solutions improve digital end-to-end capabilities in the bookselling industry HAMBURG, Germany, March 7, 2023 /PRNewswire/ — Körber has announced that OLF , leading Swiss distributor of French literature, has selected Körber to modernize its supply chain infrastructure. The transition will include the integration of Körber’s Warehouse Management System (WMS) , Shipping & Dispatch System (SDS) and Track and Trace solution by introducing digital capabilities to increase performance, visibility, competitiveness and responsiveness towards bookstore partners, supermarkets and e-commerce platforms. Continue Reading OLF’s digital transformation accounts for a new level of efficiency, integration and insight into supply chain operations powered by Körber. Key to this is the modernization of a 12,000 m 2 warehouse in Fribourg, Switzerland, through which OLF represents nearly 3500 Swiss, French, British and American publishers that are distributed to more than 3.000 bookstores, supermarkets, schools, kiosks, and other points of sale throughout Switzerland, France and Belgium. Körber’s integrated technologies provide planning, control, execution and monitoring functionalities to manage 4 million books for over 130,000 titles held by OLF. Théophile Renard, Logistics and Services Director at OLF explains: "Looking for the right partner, we put major focus on finding someone helping us to stay […]

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Accomplishing multiple strategic objectives through a single vision and investment is key — especially when digital investments are lean and desired business outcomes are broad. Credit: Shutterstock / Foto-Ruhrgebiet Many CIOs will face a challenging year grappling with growing pressure from transformation initiatives, weekly layoff announcements, and the prospect of a recession. While digital initiatives and talent are the board directors’ top strategic business priorities in 2023-2024, IT spending is forecasted to grow by only 2.4% in 2023. Tech companies have laid off over 250 thousand employees since 2022, and 93% of CEOs report preparing for a US recession over the next 12 to 18 months. The message to CIOs is to do more with less, and the implication is that CIOs must look at digital transformation initiatives differently than in years past. Speed of delivery was the primary objective during the years leading into the pandemic, and CIOs looked to improve customer experiences and establish real-time analytics capabilities . During the pandemic, speed remained a priority as CIO shifted to automate workflows and improve employee experiences . But 2023 is shaping up to be paradoxical, and after speaking to hundreds of CIOs over the past couple of years, […]

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Chatbot conversation. Person using online customer service with James Johns, a CX Consultant at Route 101 Ltd. discusses scaling up a digital-first public sector approach to service Advances in both digital technologies and customer experience platforms mean it has never been easier for the public sector to build online experiences into their day-to-day service operations – helping them to become digital-first public sector organisations. In doing so, these digital-first public sector organisations can set themselves up to deliver the agile and seamless interactions demanded by both the people they serve and those they employ. By acting now and adopting the right technologies, platforms and tools, public sector organisations can put themselves in a position to deliver the streamlined, personalised experiences that their customers and employees’ demand. With the right platforms, it’s easy for the public sector to: • Scale at speed – without hiring additional agents • Gain a holistic view of customers • Use customer insights to create better service Increasingly, public sector organisations are turning to cloud-based customer interaction solutions to improve the agility and scalability of their customer service, meet growth in demand with solutions that improve response times, and deliver greater insights into service volumes […]

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KT CEO nominee Yun Kyung-lim / Courtesy of KT By Park Jae-hyuk KT’s board of directors unanimously recommended Yun Kyung-lim, head of the group transformation division, as the final candidate to replace outgoing CEO Ku Hyeon-mo, the telecommunications firm said Tuesday. The decision was made after in-depth interviews of four shortlisted candidates, all of whom are former and incumbent KT executives. "Based on his expertise in digital transformation, Yun presented the future vision of KT’s growth into a global digital platform company, amid the rapidly changing market environment," KT board chairman Kang Chung-gu said. "The board of directors regards him as the right person to enhance shareholder value." Kang added that KT will accelerate efforts to improve its governance structure, in order to dispel worries among the government and lawmakers over the corporate governance of companies with complex ownership structures. The CEO nominee is expected face a bumpy road as the head of KT for the next three years, due to the ruling People Power Party’s (PPP) negative view of him. Yun is considered to be the closest aide of the incumbent CEO, who was virtually forced by the government to step down. Earlier this month, Rep. Park Sung-joong […]

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Antibody library technology provides an in vitro method for the generation of highly specific, recombinant, humanized or fully human monoclonal antibodies, which can be used for desired target screening. The arrival of advanced antibodies and their display technologies to reduce complexities of biotechnology and life science research is anticipated to surge demand for antibody library technologies. Antibody library technology refers to a collection of antibodies with diverse specificities, which are generated using various methods such as phage display, yeast display, and ribosome display. The technology has revolutionized drug discovery and development by enabling the screening of large numbers of antibodies against various targets. The antibody library technology market is a growing market due to the increasing demand for therapeutic antibodies and the growing investments in research and development. Get Sample Copy of this Report@ https://www.persistencemarketresearch.com/samples/11155 Rising prevalence of several types of cancers and increased need for immunotherapy are driving antibody library technology usage. For instance, according to WHO in 2028 , global cancer burden increased to 18.1 Mn, and 9.6 Mn people died due to cancer in 2018 . Development of technologically advanced antibody libraries is expected to supplement global antibody library technology demand in the future. For instance, […]

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