Author : Sophia Bell, Editor of DPA and Gavin Coull, Services Sales Manager at SKF, The bearing is at the heart of the machine. But did you know that 90 percent of all bearings fail because they are either designed, installed, lubricated or used incorrectly? For a lot of manufacturing businesses, data on bearing health is often still collected through manual walkarounds. All that looks set to change, however, with the introduction of SKF’s new sensor system, SKF Enlight Collect IMx-1 – an automated machine monitoring system for reliable rotation. In this exclusive interview, Editor Sophia Bell sits down with Gavin Coull, Services Sales Manager at SKF, to talk about how this exciting new technology works, the wide-ranging benefits it brings manufacturers, and its potential to revolutionise the way we look at bearings . Read the full article in DPA’s March issue Contact Details and Archive… SKF (UK) Ltd

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To successfully engage in digital transformation in the transition to the cloud, financial firms are looking for creative methods to approach their cloud strategy. In doing so, companies are dealing with issues of cost, security, and scalability. The first stage of the conference explores how companies are making strategic on visibility, data ownership, cloud providers, and more. To successfully engage in digital transformation in the transition to the cloud, financial firms are looking for creative methods to approach their cloud strategy. In doing so, companies are dealing with issues of cost, security, and scalability. The first stage of the conference explores how companies are making strategic on visibility, data ownership, cloud providers, and more. Discussing new digital transformation strategies emerging in the cloud in the first Strategise panel on digital transformation and the logic behind change is Siki Giunta, executive vice president of CloudSMART Offerings Strategy at HCLTech and Sonia Greenberg, associate director of cloud and managed services at FactSet, moderated by Finextra senior reporter Paige McNamee. Greenberg starts off the panel by remarking on the issues in coping with the demands of consumers when it comes to data and managing alternative data within alternative banking schemes. She continues […]

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IMARC Group’s latest report, titled “ Digital Transformation Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028 ”, the global digital transformation market size reached US$ 581 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,585 Billion by 2028, exhibiting a growth rate (CAGR) of 18.1% during 2023-2028. Digital transformation has the ability to transform, integrate and simplify daily business operations by enhancing performance efficiently. It helps organizations cope with various associated risks and handling disruptions, such as marketplace fluctuation and geopolitical conditions. It assists associations in organizing their operations to save time and effort and efficiently make use of resources. Digital transformation substitutes traditional business processes with automation. Additionally, the growing efforts by the governments of various countries to promote digitalization are providing a boost to the market growth across the globe. Request Free Sample Report (Exclusive Offer on this report): https://www.imarcgroup.com/digital-transformation-market/requestsample Digital Transformation Market Development: The global market is majorly driven by the increasing demand for digital transformation across various organizations to improve their brand’s reputation, customer experience, and customer retention ratios. In line with this, the integration of different digital transformation technologies, such as the internet of things (IoT), […]

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The European Bank for Reconstruction and Development (EBRD) has announced that it is launching the second phase of its technical support programme to digitalise the Suez Canal Economic Zone (SCZone). The second phase will include the re-engineering of more than 60 services, including land management, project approvals, environmental approvals, company registration, and foreign worker permits. The technical support will also cover the full automation and digitalisation of the one-stop shop by establishing agile software and hardware solutions. This will produce a fully automated and functioning Investor Services Department (ISD) at the SCZone to better serve and support investors. ISD personnel will also receive comprehensive training to boost their technical skills. “The one-stop shop service provided by the SCZone to its investors is part of the enabling strategy, which is based on digital transformation as one of the main pillars for the 2020-25 plan,” said Chairman of the SCZone, Waleid Gamal El-Dien. READ: Suez Canal Authority signs $500 million deal for East Port Said container terminal The Bank is helping the SCZone to develop an efficient, competitive, and eco-friendly business environment. The goal is to position the SCZone as a leading space for global trade, industries, and services, and to […]

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Photo: iStock As banks gear up for the next phase of digital transformation , their efforts are pivoting toward creating personalized customer experiences and using granular data to better understand customer needs. Publicis Sapient’s 2022 global banking benchmark study noted that combining customer data across different systems was identified as the top customer-experience priority. However, this study also suggested that banks had made “only moderate progress” during the preceding 12 months. One reason for this is that obtaining a single view of customer data remains a problem . There are complexities in centralizing data from multiple geographies due to the varied nature of data-sharing regulations Kate Platonova, HSBC Challenges include difficulties integrating historically siloed IT systems and matching customer profiles across different geographies, explains Kate Platonova, group chief data and analytics officer at HSBC. “There are few globally unique identifiers that can be used reliably to do this, and historical data gaps or quality issues can make it even more challenging,” she says. “There are also complexities in centralizing data from multiple geographies due to the varied nature of data-sharing regulations.” Disparate To unlock this article.

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Citizens Financial Group focuses on technology and other large purchases for its BNPL lending. Citizens Financial Group was early to the buy now/pay later party in the U.S., and as consumer technology has evolved, so has its approach to the market. Through a partnership with Apple, the Providence, Rhode Island, company has offered installment loans for iPhones since 2015, well before BNPL was both a buzzword for consumers and a flashpoint for regulators and investors. Today, consumers are upgrading their devices more aggressively — even their home appliances — and creating new categories for the bank to target with its loans. "Tech has a shelf life, and those who are heavy users of technology are often looking to replace their devices," said Christine Roberts, an executive vice president who leads Citizens Pay, a role she assumed in late 2022. "Financing technology is a great way to pay over time."

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Henri de Toulouse-Lautrec, “Equestrienne (At the Cirque Fernando)” (1887/88), oil on canvas (image courtesy the Art Institute of Chicago, Joseph Winterbotham Collection) Hyperallergic ’s monthly Opportunities Listings provide a resource to artists and creatives looking for grants and paid gigs to further their work. Subscribe to receive this list of opportunities in your inbox each month. Sign up here ! Residencies, Workshops, & Fellowships Featured Hyundai Artlab Editorial Fellowship Two art writers with strong regional ties who are dedicated to exploring today’s social issues will each receive $10,000 to produce three pieces of writing in 2023. Deadline: March 28, 2023 | artlab.hyundai.com Featured Onassis AiR – Tailor-Made Residencies This residency program in Athens, Greece, provides participants with a research fee, housing, round-trip travel, a research budget, and other resources to support their work. Read more on Hyperallergic . Deadline: March 20, 2023 (5am EDT/12pm UTC+2) | onassis.org Asian American Arts Alliance – Jadin Wong Fellowship The eight-month fellowship recognizes an emerging Asian American dance artist whose work shows promise and who may benefit from further professional artistic development. It comes with a $6,000 cash stipend. Deadline: March 20, 2023 | aaartsalliance.org Chicago Printmakers Collaborative – 2023 Bloom Residency Open […]

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Financing The struggling fast-casual bakery-café restaurant chain sought Chapter 11 debt protection as a creditor moved to take control of the company. Corner Bakery filed for Chapter 11 debt protection to fend off a creditor. / Photograph: Shutterstock. Corner Bakery, the fast-casual bakery-café chain once tagged as a potential rival to Panera Bread but which has struggled as people stopped coming into the office, sought Chapter 11 bankruptcy protection this week as it seeks to fend off an effort by creditors to take control of the company. The chain, which finished 2021 with 161 locations but appears to have far fewer now, has $33.8 million in secured debt, a legacy of debt taken out in 2017 that investment firm Pandya Group inherited when it bought Corner Bakery from Roark Capital in 2020. SSCP Restaurant Investors acquired that debt and made moves to take the chain over, establishing a sale process this week and prompting the bankruptcy filing, according to court documents. Corner Bakery had been in talks to pay off the debt before SSCP bought the rights to that debt on the secondary market. The fast-casual chain disputes the amount it owes, saying it owes between $20 million and […]

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Walmart has set ChatGPT guidelines for its employees. Walmart Global Tech warned employees in a memo not to enter confidential information into ChatGPT. Walmart said it previously blocked ChatGPT due to "activity that presented risk to our company." The new guidelines also tell Walmart employees not to share customer information with ChatGPT. Top editors give you the stories you want — delivered right to your inbox each weekday. Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy Policy . Walmart had a clear directive for its employees Tuesday regarding generative artificial intelligence, like ChatGPT : Do not share any information about Walmart with the rising technology. In an internal memo to employees, Walmart Global Tech, the retailer’s technology and software engineering arm, said it had previously blocked ChatGPT "after we noticed activity that presented risk to our company." The memo, which Insider has viewed, added: "We’ve since taken the time to evaluate and develop a set of usage guidelines around […]

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Large FBI presence at Ridgeland business(WLBT) RIDGELAND, Miss. (WLBT) – FBI agents converged on two Ridgeland buildings Wednesday. The FBI activity was at both 623 and 625 Highland Colony Parkway. At least one of the buildings involved is listed as the address of AIS Healthcare, a pharmacy, according to the company’s website. There was also another FBI raid Wednesday at a business at 23952 Highway 80 in Chunky, Mississippi. A Google search of that address lists it as another location of AIS Healthcare. WLBT received the following statement from Marshay Lawson, Public Affairs Specialist for the FBI Jackson Division: “The FBI is conducting a court authorized law enforcement activity in Chunky and Ridgeland. To preserve the integrity and capabilities of the investigation, I cannot share details as this is an ongoing investigation. Currently, there is not a threat to the public and I do not anticipate any additional updates today.” According to their website, AIS is a state-of-the-art compounding pharmacy that also provides infusion care. Throughout the morning, WLBT watched as FBI agents actively scoured the office building. The agents also put up crime scene tape around the premises. This is a developing story. Want more WLBT news in […]

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