AI, multi-cloud, quantum computing to drive digital transformation in 2023: HCL Tech New Delhi: Artificial Intelligence, multi-cloud, quantum computing and sustainability applications are expected to be key drivers shaping digital transformation in 2023, according to a latest report by Indian IT services company HCL Technologies. The 2023 edition of HCL Tech’s Tech Trends report has also predicted 5G applications going mainstream. "5G will become the de facto standard in the coming years, with increased collaboration between telecom companies and enterprises leading to innovative 5G applications growing manifold," it said. We’ve put together the top 10 tech trends for enterprises to build resilience in 2023: Kumar "We’ve put together the top 10 technology trends to watch out for in 2023 that will help enterprises be future-ready and build resilience within their organisation to thrive in any new normal," Kalyan Kumar, Chief Technology Officer and Head of Ecosystems of HCL Tech said in a statement. HCL Tech report has identified AI, multi-cloud, quantum computing and sustainability applications as key drivers of digital transformation in 2023. The year 2023 will witness a wide-scale democratisation of AI, right from enabling chatbots to integrating into the chip industry for developing AI-ready hardware. ‘Progression to […]

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Room to Read is a literacy charity that has impacted 32 million children in about 20 countries worldwide. It has been a Sage Intacct customer for eight years and undergone digital transformation in that time. Grant Gevers, senior solution consultant at Sage Intacct, spoke to Third Sector acting editor Andy Ricketts at the Tech Summit about how the charity has used digital technology over the years to grow and help achieve its mission. There are three pillars to digital transformation: platform, technology and partnership. It’s vital for any organisation embarking on a journey of digital transformation to get these three pillars right. If any one of these pillars isn’t working correctly, it leads to inefficiency and ineffectiveness. How Room to Read was able to respond to the demands of remote working during the Covid-19 pandemic is a great example of the first pillar in practice, which is platform. As Sage Intacct is a cloud solution, there was no disruption to the system and staff were able to access it easily from home. During the pandemic, the charity moved their India office on to Sage Intacct, which led to big cost savings as they eliminated a lot of manual processing […]

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Digital transformation is under way in the Pacific and presents both opportunities and challenges for the region. Improvements in digital connectivity across the region are converging with growing opportunities for e-commerce, digital payments and digital trade. For some businesses, electronic commerce is opening access to new domestic, regional and international markets. This is especially important for the Blue Pacific Continent to overcome the ‘tyranny of distance’ inherent in being isolated from global trade networks. The COVID-19 pandemic magnified the potential of digital technologies to provide solutions to socioeconomic challenges with new ways of working and communicating emerging across the region. In some countries, the pandemic was a catalyst that sped up long- planned digital initiatives. New mobile money and electronic payment systems accelerated financial inclusion across the region and businesses began turning to online platforms to market and sell their products. At the same time, we are reminded of the economic and social divides that may be exacerbated by increased digitalization, entrenching both leaders and followers and generating uneven social and economic progress. The digital economy should reduce, not widen, existing income and wealth disparities. The current wave of technological change is unprecedented in terms of speed, scope and […]

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Many healthcare and life sciences companies find it difficult to digitally transform and deliver When critical digital initiatives are not met, healthcare and life science companies will not deliver and lose money. The scenarios complicate further due to disruption that transformed how healthcare organizations rely on IT as new technologies, such as telehealth and connected devices, became mission-critical. Now, that’s just the beginning. A plethora of healthcare and life science organizations are struggling to keep pace and meet emerging patient needs and expectations. This blog post highlights four main reasons healthcare companies fail to drive digital transformation initiatives and deliver highly-quality patient care. Four reasons healthcare organizations fail to drive their digital transformation initiatives Many healthcare and life sciences companies find it difficult to digitally transform and deliver the value promised to patients. Here are four reasons healthcare organizations find it impossible to embrace digital transformation: 1. Siloed data and poor data integration practices Healthcare and life science companies encompass plenty of applications in any industry. However, only a small percentage of data and applications are integrated and used to drive the business forward. Whether a healthcare company is creating new data connections, formulating a 360-degree patient view, supporting […]

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55% of IT decision-makers surveyed by Foundry for the 2022 Data and Analytics Report plan to increase investment in data-focused initiatives in the next 12-18 months, up from 44% in the previous annual report. Organizations across the globe are prioritizing digital transformation to accelerate efficiency in their processes, bouncing productivity back to new heights. According to the 2022 Foundry Data and Analytics study, organizations that were propelled by the pandemic to implement or pilot test data-driven projects in past years, now have them deployed and are beginning to see the benefits as well as the challenges. This includes the lack of a clearly articulated data strategy, executive buy-in, and especially with finding the appropriate skill sets to glean the most value out of data and analytics tools. However, investment in the data and analytic space continues to increase as it has become vital to remaining competitive in the marketplace. Organizations will spend an average of $12.3 million in the coming year on data-driven initiatives (including software, services, training, consulting, and other related costs). “Organizations understand that the network is the foundation for any digital transformation,” said N Jayantha Prabhu, Business Head (India, MEA & SAARC), Black Box, an Elite […]

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The URA has developed the Urban Renewal Information System (URIS) based on the geographic information system (GIS) and applied it to various functions within the organisation. Image: URA At the end of January, the Government launched the Hygiene Blackspots website, which not only lists more than 700 blackspots in Hong Kong and the progress of the authorities’ cleansing efforts, but also allows the public to compare the past and current conditions of blackspots in different districts on an interactive map. The Deputy Chief Secretary Cheuk Wing-hing pointed out that the webpage adopts the map data service shared by the Common Spatial Data Infrastructure (CSDI) Portal, which has just been launched by the Development Bureau. This hygiene black spot platform is the result of departmental collaboration and shows how the government is making good use of technology. This is a good example of how geospatial data can be used to facilitate the brainstorming of the public. The website not only encourages citizens to monitor the effectiveness of the authorities’ work, but also guides the public to work together to improve the cleanliness of the city. Geospatial data enables one to visualise complicated and tedious information, making it easier for the […]

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Salesforce research has revealed that business application volumes within Australian organisations have increased nearly 10% in the past year, surpassing 1000 on average. However, just a third (32%) are integrated, creating data silos that lead to rising costs, duplicated work, productivity bottlenecks and disconnected experiences. MuleSoft’s annual Connectivity Benchmark Report surveyed 100 CIOs and IT decision-makers in Australia to better understand these challenges and what organisations can do to succeed amid economic uncertainty. Despite digital transformation advancements, 84% of respondents said integration challenges were slowing their efforts — causing infrastructure issues and major risks as IT budgets come under new scrutiny. Organisations spent, on average, US$3.6 million on custom integration labour in the past 12 months, but 32% of respondents said integrating siloed apps and data was their biggest digital transformation challenge. Some companies are using new technology that employs real-time data technologies to integrate, ingest and store real-time data streams at scale, with built-in connectors that bring in data from every channel (mobile, web, APIs), legacy data through, and historical data from proprietary data lakes. “We’ve seen significant investment and dedication from businesses looking to digitally transform. Even amid uncertain economic conditions, digital transformation efforts are well underway […]

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DBS continues to be studied as a transformation role model, with Harvard Business School (HBS) being the latest academic institution to capture the bank’s digital transformation journey in a case study. The DBS case is being taught in HBS’ Master of Business Administration (MBA) programme and its executive education courses by Professor Ranjay Gulati, Paul R. Lawrence MBA Class of 1942 Professor of Business Administration. Gulati was ranked as one of the top ten most cited scholars in Economics and Business over a decade by ISI-Incite. He is also the author of six bestselling books on strategy, organisational effectiveness, and leadership in organisations1. Gulati said, ”Businesses need to transform themselves in order to compete in today’s fast-changing markets. I was interested in studying how DBS transformed itself successfully, and to find out what they did and how they executed it. Through my numerous conversations with the bank’s executives, what came across very strongly were the digital and purpose-focused elements of the transformation and how these permeated every level of the organisation. The willingness from the leadership to resource the change enabled a building up of the workforce’s innovation ‘muscles’ to create a startup culture – quite a feat for […]

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Steel manufacturers are investing in digital transformation, which is growing at 10.9 per cent annually, even though the overall steel industry growth remains uncertain. Based on this development, industry experts are calling on companies to use their investment to improve asset efficiencies for increased return on investment ROI, writes Nosa Alekhuogie As the world’s most important engineering and construction material, steel is essential to the global economy. Close to two billion tons of this durable and versatile metal are produced every year, yet, the steel industry has had to deal with its fair share of challenges in recent times. Although recovery from the pandemic turned out to be stronger than expected, economic events and geopolitical turbulence around the world this year have led to an uncertain medium-term outlook for the industry. Global Industry Principal for Mining, Metals and Materials at AVEVA, Martin Provencher, while analysing the development, said broader operating constraints such as an ageing workforce, new environmental regulations, intensifying competition, and shifting global trade flows, would only compound those anxieties. The World Steel Association forecasts that demand will stay flat at 0.4 per cent this year with a total output of 1840 metric tons, before climbing to 2.2 […]

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NJC Labs is more than connecting applications and systems for enterprises. We connect with our stakeholders. At NJC we share the commitment, passion, and responsibility for enabling our stakeholders, who are our customers, partners, investors, and employees, and helping them all to be successful. The strong bond and alliance we form during our engagements with our stakeholders, enable us to pursue greater heights of innovations and novice solutions in the enterprise integration space. We are at the forefront of digital transformation with strategic enterprise integration and automation capabilities, with numerous end-to-end strategic integrations delivered for various customers. We drive customer success by helping our clients break from the past to build something better and help them do their job best. We measure success by our customer satisfaction score and build everything around it. Founded in 2018 in the US by system integration experts, we now have offices in the US, UK, India, and Australia comprising 70+ integration experts with 15+ years of design and integration experience. We are proud to have worked on 100+ Systems integrations, 10+ MuleSoft migrations, and over 100000+ Integration hours and have trained 3000+ MuleSoft Developers and Architects. NJC Labs have delivered many cost-effective and […]

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