Todd Pruzan, HBR Welcome to the HBR Video Quick Take. I’m Todd Pruzan, senior editor for research and special projects at Harvard Business Review. Accenture, a global professional services company with leading capabilities in digital cloud and security, recently partnered with Bosch, a German multinational engineering and technology company, on Bosch’s Digital Fluency Program, to deliver a sustainable digital transformation. Today, I’m speaking with Manish Chandra, Managing Director of Strategy and Consulting, the Supply Chain and Operations Lead in India, and Zero-Based Transformation Lead for Growth Markets, to talk about Accenture’s role in Bosch’s Digital Fluency Program and the areas where digital can deliver sustainable value for automotive and industrial companies. Manish, thank you so much for being with us today. Manish Chandra, Accenture It’s my pleasure. Todd Pruzan, HBR Manish, Accenture recently led a digital transformation study across industries and geographic regions. What were the key insights from that study? Manish Chandra, Accenture We covered close to 900 companies across geographies, and what we found was that the overall digital maturity has moved from 39% to 48% over the last two years, which is pre-Covid and post-Covid. However, there has been a significant bi-polarization between the leaders and […]

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HCLTech has released the 2023 edition of its Tech Trends report aimed to offer an assessment of the technologies that will shape digital transformation and enable modern enterprises to stay ahead of the curve. The seventh edition of the annual report from HCLTech’s Enterprise Technology Office names the trends that are expected to play a crucial role in accelerating three critical characteristics – flexibility, speed and scale – for businesses in the post-pandemic digital-first era. Democratization of AI: 2023 will witness wide-scale democratization of AI – from enabling chatbots to integrating into the chip industry for developing AI-ready hardware. Accelerated shift to multi-cloud: Progression to multi-cloud will accelerate significantly in 2023. Sovereign and industry clouds will be more widely accepted, with more than half of the enterprises using industry cloud solutions by 2027. Cybersecurity transformation driven by quantum technologies: Industrial applications of quantum technologies will be realized in quantum-secure communications and optimizing machine learning models with the help of quantum machine learning. Low-code, no-code platforms for super-app development: By 2024, low-code development will account for more than 65% of application development activities. 5G applications go mainstream: 5G will become the de facto standard in the coming years, with increased […]

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Sharareh (Sherri) Kermanshachi Sharareh (Sherri) Kermanshachi, a University of Texas at Arlington associate professor of civil engineering, has partnered with Modii (formerly known as Spot Parking), the UTA Department of Parking and Transportation Services and the North Central Texas Council of Governments and secured a $500,148 two-year grant to develop and evaluate a digital map for UTA parking lots that will allow motorists to electronically access available parking spaces. The team will use accumulated UTA data to digitally transform parking management across the campus and evaluate the effectiveness of the new system. This project will provide immediate benefits to the campus by enhancing sustainability practices because motorists will use less fuel and increase efficiency of existing parking assets on campus. The project also will seek to improve users’ experiences and establish an artificial intelligence-based system to predict future demand. “Parking has become a major challenge for campuses across the country,” Kermanshachi said. “The search for parking spaces leads to a daily waste of time and gas and more emissions by students, faculty, staff and visitors.” Kermanshachi also is the director of the Resilient Infrastructures and Sustainable Environment Lab, assistant director of research initiatives in the College of Engineering, and […]

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Lacy Martin CommerceHealthcare has released its fifth annual Healthcare Finance Trends report, and its insights range across regulatory, financial, technological and supply chain considerations. The report includes an in-depth analysis of research combined with practice experience and identifies consideration for the industry given multiple intersecting challenges in the year ahead. One trend that will continue to carry importance for health care leaders is the need for a digital transformation. Digital transformation is fundamental to changes in the health care business and care delivery model. IBM’s website succinctly captures the goal: “Digital transformation means adopting digital-first customer, business-partner and employee experiences.” A leading forecaster believes 70% of health care organizations will rely on digital-first strategies by 2027, according to an International Data Corp. report titled Futurescape: Worldwide Healthcare Industry 2023. Transformation efforts need to accelerate. One study by Huron Consulting showed that “digital, technology and analytics strategies exist for nearly all organizations, yet only 30% have begun to execute on those plans.” However, one functional segment ramping up digital transformation is finance. According to a recent survey by Black Book Market Research, 94% of chief financial officers and senior leaders stated that such efforts will be at the forefront of […]

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Written by Summary Dominion Energy is a regulated utility company with limited competition and a focus on renewable electricity. Despite slow earnings growth, the company has solid fundamentals and an attractive valuation. With a high dividend yield and commitment to maintaining it, Dominion Energy may be a good option for investors seeking steady income with growth potential. Zach Gibson Introduction As an investor who prioritizes dividend growth, I am constantly searching for fresh opportunities to invest in assets that generate consistent income. When I come across attractively valued assets, I often add them to my current holdings. Additionally, I use market volatility to my advantage by initiating new positions, which helps diversify my portfolio and increase my dividend income while minimizing the needed capital. The utility sector presents an intriguing opportunity for investors since, due to the higher rates, we see higher-yielding stocks. Dominion Energy (NYSE: D ), in particular, is an attractive option for investors due to its consistently high dividend yield. Dominion Energy operates in a stable market as a regulated utility and is well-positioned to continue generating income for investors. I will analyze the company using my methodology for analyzing dividend growth stocks. I am using […]

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Investing in cryptocurrencies has never been more exciting, with Ripple (XRP) and Orbeon Protocol (ORBN) emerging as two of the most promising opportunities on the market. Both cryptocurrencies are touted as golden opportunities for investors, offering unique advantages and the potential for significant returns. Ripple (XRP) has established itself as a leader in cross-border payments. Meanwhile, Orbeon Protocol (ORBN) is a blockchain-based crowdfunding platform aiming to revolutionize how startups raise capital. With the price of Orbeon Protocol (ORBN) tokens already having increased by over 1815% to $0.0766 as the presale enters its seventh stage, early investors are poised to reap huge returns , with projections of 6000% returns. Ripple (XRP) Expects SEC Case Will Conclude Soon Analysts recommend buying Ripple (XRP) as a promising long-term investment. Ripple’s (XRP) value in facilitating faster, cheaper, and more efficient cross-border transfers between financial institutions worldwide is one of the technology’s primary selling points. Ripple (XRP) stands out from other cryptocurrencies because Ripple (XRP) has a practical application and has formed collaborations with some of the major banks and payment providers in the world. Ripple (XRP) offers immediate and future uses and a well-thought-out strategy for the future. Ripple (XRP) is anticipated that […]

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Newly disclosed messages and testimony from some of the biggest stars and most senior executives at Fox News revealed that they privately expressed disbelief about President Donald J. Trump’s false claims that the 2020 election was stolen from him, even though the network continued to promote many of those lies on the air. The hosts Tucker Carlson, Sean Hannity and Laura Ingraham, as well as others at the company, repeatedly insulted and mocked Trump advisers, including Sidney Powell and Rudolph W. Giuliani, in messages with each other in the weeks after the election, according to a legal filing made public on Thursday in a defamation lawsuit against Fox by Dominion Voting Systems. “Sidney Powell is lying by the way. I caught her. It’s insane,” Mr. Carlson wrote to Ms. Ingraham on Nov. 18, 2020. Ms. Ingraham responded: “Sidney is a complete nut. No one will work with her. Ditto with Rudy.” Mr. Carlson continued, “Our viewers are good people and they believe it,” he added, making clear that he did not. The messages also show that such doubts extended to the highest levels of the Fox Corporation, with Rupert Murdoch, its chairman, calling Mr. Trump’s voter fraud claims “really […]

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DoorDash, Inc (NYSE: DASH ) reported fourth-quarter revenue growth of 40% year-over-year to $1.81 billion, above analyst estimates of $1.77 billion. DoorDash reported a loss of $(1.65) per share, higher than the $(0.68) consensus . One area of strength for DoorDash is certainly its loyalty business, DashPass. DoorDash had 15 million total loyalty members last year, three million more than Uber Technologies, Inc (NYSE: UBER ) Uber One loyalty program included ride-hailing and delivery , the Wall Street Journal reports . DashPass appears to more than compensate for free delivery programs via business volumes. DashPass members spent "significantly more." Uber One members spend more than four times what nonmembers do monthly, Uber confirmed. DashPass subscribers accounted for 65% of DoorDash’s gross food sales in January, WSJ wrote. DoorDash’s relative suburban focus continues to pay off over domestic competitors like Gopuff , Instacart , and Uber. DoorDash’s costly acquisition of Wolt in Europe also seems to add value. Wolt’s gross order value rose 50% Y/Y in Q4 to roughly €1 billion, implying Wolt has grown to about half the size of competitor Just Eat Takeaway’s Northern European business. This year’s guidance for total gross order value came slightly below Wall […]

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Founders who are first-generation Americans often face social, cultural, and mental barriers to financial wellness as they build world-class companies. To help first-gen founders overcome these barriers, SVB Private hosted a recent panel discussion with SVB clients, advisors, and financial professionals to explore an integral issue to the success of many underrepresented founders: their mindset around money. The conversation centered around the experience of Danny Taing, SVB client and CEO and founder of Japanese snack subscription service, Bokksu, which received a $100M valuation in 2022. Bo Ren, Director of Startup Banking at SVB, moderated the discussion around the psychology of money with Taing and Gerald Baker, Head of Trust & Fiduciary Services at SVB Private. The following six quotes from Taing summarize the lively discussion: 1. On overcoming debt aversion, “Debt is bad. Pay off everything immediately.” …on the advice he received from his immigrant parents. First-generation founders often face debt aversion, a limiting belief learned from previous generations. Not taking on debt was a key piece of advice Taing received from his father, also a business owner. Taing shifted his mindset around debt aversion after utilizing various forms of debt as a bootstrapped founder and, later, utilizing financing […]

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The Marshall Field building on State Street. A fast-growing logistics company planning to hire 200 people in Chicago over the next two years is opening its first local office at the redeveloped Marshall Field building, a win for the building’s owner and the vacancy-plagued downtown office market. Indianapolis-based third-party logistics provider Spot has leased 31,000 square feet on the 11th floor in the landmark Loop property at 24 E. Washington St., where it plans to move into its newly built space by the end of this year, the company announced. The office will be Spot’s sixth location nationwide. To continue reading… Continue reading by subscribing to Crain’s Chicago Business.

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