Malaysia is expected to see a greater increase in digital transformation and digital trust in society, driven by the new investment from Amazon Web Services (AWS).- Reuters Pic KUALA LUMPUR: Malaysia is expected to see a greater increase in digital transformation and digital trust in society, driven by the new investment from Amazon Web Services (AWS). AWS is planning to invest RM25.5 billion over 15 years for a new infrastructure "region" in Malaysia. Prime Minister Datuk Seri Anwar Ibrahim said the largest international technology investment to date into the country will in turn lead to greater innovation and investment in Malaysia, propelling the nation to truly be Southeast Asia’s data centre and digital hub for the region. "Bringing access to world-class AWS infrastructure, advanced technologies, and advanced digital skills programmes to Malaysia will unlock opportunities for local businesses to build and expand globally, cultivate a digitally enabled workforce, spur job creation, and deliver long-term economic growth. More News PM: Universities should allow students to freely express views, criticisms PM: Sustainable economic restructuring key to tackling leakages, corruption PM: MACC to focus on big-scale corruption cases PM: ‘Can’t we do it somewhere shady?’ [NSTTV] "Today’s announcement is a vote of […]

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By Jason Juliano In today’s fast-paced and constantly evolving business landscape, digital transformation is no longer just a buzzword – it’s a must. The private equity industry is no exception, and the pressure to stay ahead of the curve has never been higher. Discover the Essential Components of a Digital Strategy Roadmap At the core of this transformation is the need for a comprehensive digital strategy roadmap. This roadmap must encompass a range of key areas, including data analytics and business intelligence, intelligent automation, cybersecurity and more. One example of a private equity firm that successfully adopted a digital transformation strategy is Accel-KKR. The firm invested in portfolio company HighWire Press, which provides online publishing platforms for academic and scientific journals. To help HighWire Press better serve its customers, Accel-KKR implemented a digital strategy that included upgrading its hosting infrastructure, implementing a new content management system and creating new data analytics and reporting tools. As a result, HighWire Press improved the user experience for its customers and increased engagement on its platform. [1] Maximizing Returns Through Strategic Investments in Portfolio Companies and Cybersecurity To achieve success, private equity leaders must adopt a comprehensive approach to digital transformation, which begins […]

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pookpiik via Getty Images Dive Brief: The “right combination” of digital transformation actions can generate up to $1.25 trillion in new value for businesses, while the “wrong combination” can erode that value by up to $1.5 trillion, according to data from a recent Deloitte report . The combination of digital strategy and technology-aligned investments without actual change in an organization can cause up to a 9% value erosion — or a cost of $1.5 trillion to Fortune 500 companies — according to the report, which analyzed more than 4,650 financial disclosures from global organizations. “Very often in the past, digital transformation was started at what I call the frontier of the business. We talk a lot about greenwashing these days, but there is also something called digital washing, and this is when you start transforming, or pretend to transform, at the frontier of your business and not the core,” said Tim Bottke, partner and telecoms, media and entertainment leader at Deloitte Germany, in an interview. Access now➔ Dive Insight: Between artificial intelligence, machine learning, language processing and other cutting-edge technologies, CFOs are scrambling to keep up with the potential gains from digital transformation. Only 34% of Fortune 500 companies […]

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The Modern Manufacturing Expo is set to once again bring the industry together to explore and highlight the latest advancements and innovations in manufacturing during the highly anticipated 2023 Expo in Sydney this September. ‘Connected, Automated & Digital Transformation’ is set to be the focus of 2023 Modern Manufacturing Expo. International Exhibition & Conference (IEC) Group CEO Marie Kinsella. “The 2022 Modern Manufacturing Expo was an overwhelming success, visitors over the course of two days and highlighted the need for the industry to come together again for in-person events in a post-Covid environment,” says International Exhibition & Conference (IEC) Group CEO Marie Kinsella. “We expect this year’s edition to be even bigger and better than before with a focus on our 2023 theme: ‘Connected, Automated & Digital Transformation’.” “Automation has been in the spotlight with the recent worldwide popularity of Artificial Intelligence (AI) tools and our 2023 theme is intended to explore how these tools and technologies can be better harnessed by manufacturers and the industry at large,” she adds. The 2023 Modern Manufacturing Expo will take place from 20-21 September at the Sydney Showground in Sydney Olympic Park and like last year, is free to attend. “Free registration […]

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The two-day event will feature 30-plus speakers from more than 10 countries who will take part in presentations and panel discussions on a range of topics. The third edition of the Digital Transformation Jordan Conference will be held under the endorsement of the Ministry of Digital Economy and Entrepreneurship on March 6 and 7, 2023, at The Ritz Carlton Hotel & Residences, Amman, Jordan. The two-day conference is an annual meeting point for Jordan’s senior government decision-makers, industry leaders, leading international technology consultants and digital experts to share their experience and knowledge to help drive digital transformation forward. The event will explore the use of advanced next-gen technology and global trends for the country’s future digital transformation. The conference will also highlight the importance of machine learning and automation adoption in digital services. In-depth discussions at the conference will focus on the integration of advanced and emerging technologies in Jordan using artificial intelligence, advanced analytics, blockchain and the key role of cyber security in ensuring a successful digitalisation in the country. Speaking about the conference, Ahmad Al Hanandeh, Minister of Digital Economy and Entrepreneurship, said: “We are keen to modernise IT projects in Jordan and address e-government projects across […]

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Banks in Southeast Asia have made significant progress on their digital transformation journey, and incumbents that are willing to invest in technology are well placed to compete with fintechs, Moody’s said Thursday. The rating agency said in a note that Southeast Asian banks have invested significantly in digital transformation to compete with fintech disruptors. It said the outcome has been progress on multiple fronts: widespread customer adoption of their digital channels and improved product quality. “The competitive space for digital financial products will continue to evolve, but Southeast Asian banks are well-placed to compete, given their track record over the past few years, and more so for large banks with the scale to make necessary investments,” said Moody’s. According to Moody’s, banks have successfully transitioned their customers to digital channels. It noted that customer transactions at the region’s leading banks are now largely processed through internet and mobile channels. It is noted that not just in the payment space where there has been a sharp spike in digital adoption, new customer acquisitions across retail and small- and medium-sized enterprise (SME) products are also increasingly done online. It said that most banks now offer a comprehensive suite of banking products […]

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Ericsson will provide Comsol with its Private 5G solution to expand enterprise business within South Africa’s mining industry. The partnership will also take the nature of a reseller agreement, giving Comsol the right to resell secure and sustainable solution to customers. Ericsson Private 5G is a platform for digitization which enables smart solutions to drive efficiencies and safety within the mining operations Ericsson (NASDAQ: ERIC) has signed a reseller agreement with Comsol at Mobile World Congress 2023, Barcelona, Spain to provide the Ericsson Private 5G solution that will enable Comsol to expand its enterprise business within South Africa’s mining industry. With Ericsson’s high-end connectivity solution and Comsol’s expertise in mining and systems integration, this collaboration is set to help the nation’s mining industry improve worker safety, increase operational efficiency, and realize its sustainability goals. Ericsson Private 5G is Ericsson’s next generation private network solution providing secure and reliable 4G and 5G connectivity through its single server dual mode core. Built for business operations, the solution comes pre-integrated to ensure rapid time to use and turning on advanced and intelligent operations in any environment. Taking the nature of a reseller agreement, Comsol will receive the right to resell the high-speed […]

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NeutraDC has entered an MOU with NAVER Cloud and Cisco to offer advanced, secure cloud solutions and services to businesses in Indonesia, accelerating their opportunity for digital transformation. JAKARTA, Indonesia, March 3, 2023 /PRNewswire/ — NeutraDC, a brand of direct subsidiary of Telkom Indonesia, PT Telkom Data Ekosistem (TDE), entered a Memorandum of Understanding (MoU) with NAVER Cloud and Cisco to accelerate the digital transformation of businesses in Indonesia by providing them with advanced cloud solutions and services. Continue Reading CEO Wholesale & International Business TelkomGroup, Bogi Witjaksono (center) after the signing Memorandum of Understanding between NeutraDC, Cisco, and NAVER Cloud by CEO Telkom Data Ekosistem (NeutraDC) Andreuw Th.A.F (third right), President, Service Provider, Asia Pacific and Japan Cisco, Sanjay Kaul (fourth left), and CEO of APAC Development at NAVER Cloud, Weongi Park (fourth right) on Wednesday (1/3). Businesses in Indonesia will benefit from the collaboration as NAVER Cloud and Cisco provide reliable, secure and efficient cloud-based services. The MOU enables all parties to leverage TDE’s local knowledge and data centre infrastructure to deliver reliable and secure cloud services to businesses in Indonesia. "We are happy to have NAVER Cloud & Cisco to support our flagship hyperscale data centre […]

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The business world has been moving toward digital for more than a decade, with the pandemic accelerating that shift. Companies that have embarked on digital transformation, and those that haven’t, have had to transition as their businesses have shifted from in-person to online engagement. In the post-pandemic world, digital is the only way to compete and win, and Ed Granger, enterprise architecture product strategist at Ardoq, enumerates how enterprise architecture can enable that. The emergence of macro conditions like geopolitical instability and the potential for another recession hasn’t changed the need for organizations to continue their move toward digital. However, organizations must prioritize profitable transformation as they enact change. Given that IT is no longer the sole gatekeeper to technology resources, the role of enterprise architecture (EA) in enabling organizations to truly understand and optimize their assets, such as how they’re being used and valued versus spend, is more critical than ever. This type of overview is important for the CIO. As organizations grow and departments evolve, ownership of this information can become decentralized. Optimizing IT then becomes challenging, as the CIO no longer has direct access to information regarding spending, current trends, or risks. Here is where enterprise […]

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What if buying travel insurance was as simple as ordering an Uber? It needs to be to keep up with the digital transformation happening across the global travel industry. Insurance is an essential but often overlooked part of travel. It can also be a high-margin ancillary for travel suppliers, but only when simple, highly relevant and flexible products are seamlessly integrated into the booking flow or part of subscription memberships and credit card perks. Just as technology changed how we book and pay for travel, digital transformation is set to remove payment friction and alter the entire insurance process, improving the customer experience all the way from purchasing a policy through to processing claims, issuing payouts and making reimbursement. Insurance also plays an integral but underappreciated role in the merging of travel and fintech. This trend rapidly accelerated post pandemic, in the race to own the traveler’s journey by building an all-in-one travel, payment and tech platform. The travel and financial industries are merging from both directions: Banking giants and fintech providers are entering the travel space while travel providers are building or integrating fintech products. These companies are going after the elusive opportunity to own the traveler’s entire […]

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