Businesses with legacy tech, particularly in their data tiers, must modernise as a matter of urgency or risk being “completely upended”, according to an industry expert. Organisations that are over a decade old are more likely to run on older technology stacks that may require modernising. Ravi Mayuram, CTO at Couchbase, spoke to IT Pro on the IT Pro Podcast to discuss the issues facing companies with extensive legacy tech. He warned against taking the easy route through digital transformation. Organisations have a tendency to prioritise updating customer-facing systems such as their user interfaces (UI) and application logic tiers, but they should instead focus on the data tier as a matter of urgency. “The place you had delayed the most to make changes is in your data tier, because that’s the toughest and that’s your foundation, right? That’s the one you didn’t want to move all this while because it delayed it as much as possible, because you could get away with it,” said Mayuram. “Now you can’t, you have to realise that, that the more you sort of stick with legacy systems, the more obsolescence and the cost of it. And it’s not just the bottom line, it’s […]

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getty The new year has marked a fresh slate for many businesses, motivating organizations to begin anew with clean performance records. The most forward-looking leaders, however, realize a more significant opportunity to examine their organization’s identity, its customer experience model and the key barriers that stand in the way of future business growth. The pressure for continued business advancement has been building for years. Companies must reassess their corporate strategies and prepare for what’s on the horizon: an era of heightened connectivity, greater stakeholder expectations, unprecedented automation and a demand for an unparalleled customer experience. The pandemic has driven people to redefine their expectations of experiences, placing greater value on human connection and self-enrichment. While businesses are forced to navigate the uncontrollable and never-ending cycle of change in the form of current events, economic uncertainties and technological innovation, leaders can (and should ) take a people-first approach to business optimization, focused on unlocking the full power of the client experience. Here are three actionable steps leaders can take to reenergize their people, transform their customer experience delivery and set the scene for growth in 2023 and beyond. 1. Good Enough Isn’t Good Enough Remaining stagnant during times of uncertainty […]

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getty We live in an increasingly digital, virtual world. Companies that cannot keep up will lose revenue and market share, no matter their industry. That’s why the phrase “digital transformation” has been at the forefront of many executive decision-makers’ minds when it comes to operational planning, particularly in nontechnology-oriented business sectors. “How do we digitize?” “How do we evolve our business using technology?” “How do we do all this strategically and efficiently?” Digital transformation can help recession-proof your business and provide major efficiencies for you and your consumers. And at the core of all digital transformation is the talent to provide the outcomes. You need the talent that will help you achieve your goals, from ideation and implementation to continued technical support. Making smart IT contract hires when you need them, from the very beginning of your digital transformation, is the key to success. If you have ready-to-go contractors with specific skills, it can be an added benefit to the prioritization of overall progress. However, it’s often hard to know if you’re taking the right approach to find the right people. That is why direct sourcing should be a part of a company’s hiring toolbox when considering a digital […]

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Effective corporate governance is the core of long-term, sustainable company growth. However, corporate governance requirements are becoming increasingly burdensome, with regulators worldwide placing greater emphasis on the impact businesses have on their employees, customers, and suppliers as opposed to focusing solely on shareholders. Despite the importance of corporate governance, most companies rely on outdated processes to manage their operations. Relying on outdated methods and processes to govern the organization can lead to operational setbacks, abuses of power, and messy disclosures. Digital transformation should include a corporate governance transformation to minimize risks; by implementing the right technology solutions, relevant policies and procedures that can be rapidly embedded and continuously monitored, allowing organizations to identify and address any corporate governance deficiencies quickly. What is corporate governance, and what are its benefits? The aim of corporate governance is effective leadership. The board of Directors carries this objective out by creating processes, systems, and controls to encourage appropriate behaviors that ensure the organization’s sustainability. Benefits of governance Improved corporate governance can significantly boost productivity and growth and reduce costs. The benefits of governance include: Improved decision-making: There is an undeniable link between an organization’s governance and its ability to make better decisions associated […]

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Nike has achieved significant business growth by pursuing a digital-first, direct-to-customer (D2C) strategy since 2020. The US company has made significant investment in digital technologies to create a digital marketplace of the future with its partners. Nike does not reveal its specific investment in information technology. Nike recently said its operating overhead expense increased 10 percent to $3 billion in its recent quarter, primarily due to wage related expenses, strategic technology investments and higher NIKE Direct costs. Nike’s strategy focuses on delivering a consistent, seamless, and premium experience, both digitally and physically around model brand and multi-brand. To enable this, Nike has tailored a suite of apps. The company is also focusing on strategic partnerships to build meaningful, direct, lifelong relationships with consumer. Nike’s revenues rose 17 percent to $13.3 billion in its second quarter ended November 30, 2022. Nike Direct sales rose 16 percent to $5.4 billion. Nike Brand Digital sales increased 25 percent, when leading global e-commerce businesses grew in single digits. This growth was primarily driven by the record membership they achieved during the period. Member engagement grew in double digits. Nike had 160 million active members. In fact, more than 50 percent of store demand […]

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What are the challenges while developing a vision for digital change? Digital transformation in retail industry most often lag because of people and organizational issues, such as siloed behavior, talent gaps, change resistance and competing priorities. The 2023 CIO Agenda explores how CIOs will invest in technologies in 2023 as compared to 2022. Download this infographic to explore the 3 critical priorities for CIOs in retail industry to accelerate retail digital transformation. To drive retail digital transformation, Younghui Superstores created a “new retail” strategy and needed to verify if the strategy could meet current as well as future business needs. Using Gartner research and expert advisors, our client was able to strategically validate the new strategy and create a more flexible IT infrastructure in line with the business goals.

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The Air Liquide logo is displayed in Bouliac, near Bordeaux, France, September 16, 2019. REUTERS/Regis Duvignau/File Photo Feb 16 (Reuters) – Air Liquide (AIRP.PA) reported on Thursday annual sales only slightly short of consensus, saying the French industrial gases company’s resilience would allow it to invest in decarbonization and energy transition projects in Europe and the United States. The results were hit by a record energy impact reaching 16% annually, caused by the war in Ukraine and high inflation environment, the company said. The company added it is still resilient thanks to a broad presence in different geographies and the company’s ability to adapt to the challenging environment. The supplier of gases such as oxygen, nitrogen and hydrogen to factories and hospitals posted sales of 29.93 billion euros ($32.04 billion) in 2022, slightly below the 29.96 billion euros ($32.08 billion) average forecast from a company-provided consensus. One of the largest hydrogen producers in the world pointed to significant investment opportunities in United States, especially along the Gulf Coast, resulting from the Inflation Reduction Act (IRA). Latest Updates Air Liquide benefits from the clean energy transition in the United States, especially after President Joe Biden signed the $430 billion Inflation […]

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During the recent International Production & Processing Expo in Atlanta, Ga., it seemed to me that sustainability was on the minds of many attendees and exhibitors. It could be that I was especially tuned into the topic with the launch of the Institute for Feed Education and Research’s Animal Food Industry Sustainability Toolkit during the show, but let me give you some context. The Animal Agriculture Sustainability Summit , hosted by the North American Meat Institute, U.S Poultry & Egg Association (USPOULTRY) and IFEEDER, was standing room only. The Feed Strategy Feed Mill of the Future program had a strong focus on sustainability and sold out of seats. And, the AFIA Pet Food Conference panel on sustainability, which I moderated, received so many thoughtful audience questions that I didn’t get to ask many of my own! Beyond that, many exhibitors’ booths integrated sustainability. For example, I visited with Terry Medemblik, president of Walinga USA, about his company’s prototype EV grain trailer and was impressed with the implications it has for sustainability. None of the engagement around sustainability surprises me though, given last year our member survey showed 80-90% of members across all industry segments viewed sustainability as “important” or […]

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The CF Industries plant outside of Donaldsonville. An LSU professor said the carbon dioxide emissions that come from the plant, the largest greenhouse gas emitter in the state, could be an economic opportunity. STAFF PHOTO BY MICHAEL JOHNSON Carbon capture represents a significant economic opportunity for Louisiana, in part because the state already emits so much carbon dioxide, an LSU chemical engineering professor said Thursday. “There’s a lot of byproduct CO2 that we just emit right now that if you had a way to sequester it here in Louisiana, it’s a pretty good situation economically,” said John Flake, the former chair of LSU’s chemical engineering department and a researcher with the H2theFuture “green” hydrogen initiative spearheaded by GNO Inc. Flake made his remarks during a keynote presentation at TEC Next, a Baton Rouge industry technology and networking conference. The two-day event is hosted by the Greater Baton Rouge Industry Alliance and the Baton Rouge Area Chamber and sponsored by ExxonMobil. Global carbon dioxide emissions, particularly from heavy industrial sectors, have come under fire over the last several years, in part because of the 2015 Paris agreement that guides global climate change efforts. That scrutiny is also ramping up in […]

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Our Research Vice President Neil Shah is joining CNBCTV18 as a panelist for Twitter Spaces themed ‘The 5G Opportunity: Driving The Next Wave Of Digital Transformation For Consumers & Enterprises’. Title: The 5G Opportunity: Driving The Next Wave Of Digital Transformation For Consumers & Enterprises Date: Thursday, February 23, 2023 Time: 5pm IST Summary: 5G technology has impacted the global economy and society in a number of ways thanks to the increased speed and connectivity that its network offers. Commercially speaking, 5G will bring in automation and will also lead to the growth of newer technologies like AI and ML. 5G will provide new opportunities for businesses to create innovative solutions by unlocking opportunities and overcoming challenges in making communication, connection, and commerce seamless. Among the most prominent 5G use cases are the way consumers play, entertain, interact, and make the most of technology to make their lives faster. With higher speed and lower latency, 5G will bring about the next wave of transformation in the lives of consumers. This session will address how 5G will bring about the next wave of digital transformation across consumer and commercial use cases. Broad pointers of discussion: Meeting India’s Connectivity, Flexibility & […]

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