Chris Lowndes and Barry Maybank share why digital twins and service-centric business models could be the answer to the ever-evolving challenges facing the manufacturing industry Recessionary headwinds, energy costs and sustainability – these are three key challenges facing today’s manufacturers, according to Avanade’s senior director of Industry X and digital twin lead Chris Lowndes, and Barry Maybank, senior director for manufacturing advisory in UK, Ireland and Europe. “Manufacturers continue to strive for a competitive advantage and new revenue streams, with an increasing need for resilience and optimisation in operations,” says Maybank. “At Avanade and Microsoft, we are seeing increasing demand from our manufacturing clients for help, advice and solutions across these key areas.” According to Maybank, these clients are looking to increase quality, speed and efficiencies in production processes; drive greater agility and resilience to respond to crises and changing demands; develop more sustainable manufacturing, with a drive to net zero; and upskill workforces. “There is now a unanimous understanding from IT, business and operations teams that digital tools, technologies and information are key to transforming manufacturing and meeting these needs,” says Maybank. “We help our customers with practical advice that builds on the digitalisation that we saw accelerate […]

Click here to view original web page at www.technologyrecord.com

WALLDORF & MUNICH – SAP SE (NYSE: SAP) today announced that BMW Group will expand its strategic partnership with SAP to accelerate its digital transformation. On January 25, 2023, this was sealed by both companies. Using the RISE with SAP solution, BMW Group will move its entire SAP software landscape. The company will merge its cloud strategy with its existing SAP S/4HANA systems, allowing for joint innovation for critical business areas, including finance, parts supply, warehousing, supply chain and production. This will help BMW Group to digitalize faster, more comprehensively and more efficiently in the future. Expanding a Long-Standing Strategic Partnership BMW Group and SAP look back on a long-standing strategic partnership. As part of RISE with SAP, BMW Group will have access to a cloud platform for end-to-end business processes. Alexander Buresch, CIO and Senior Vice President, BMW Group IT, said: ‘This strategic decision will help us to drive our digitalization leadership even faster forward. We are increasing the flexibility of our infrastructure and creating maximum global scalability. And most importantly, it allows us to bring business innovations to our customers and users much faster than before. That’s why I’m very much looking forward to the next steps […]

Click here to view original web page at www.marketscreener.com

Specialist professional services and technology business Davies has acquired Chicago-based MVP Advisory Group, a consulting business specializing in advisory and transformation projects for the property & casualty, life, and health insurance markets. MVP Advisory Group bolsters Davies’ offering to insurance markets with its insurance and technology specialists, who manage projects in all areas of the industry from underwriting and claims management to client experience, compliance, finance, data analytics, and information technology. MVP Advisory Group’s expertise also includes program management, quality assurance, and analytic and digital transformation, all of which leverage its clients’ existing capabilities. MVP will join Davies’ global consulting division under the leadership of consulting and technology CEO Mark Grocott. MVP Advisory Group’s managing partners Russ Bostick and Donn Vucovich will continue to lead the business within Davies, working closely with the group’s existing contractor network. All MVP Advisory Group employees will likewise continue in their roles within Davies. Davies strengthens its global consulting and technology capability through the acquisition of US-based insurance specialist consulting business, MVP Advisory Group https://t.co/BdzW8vQ8n8 https://t.co/VxvK2lQbQJ pic.twitter.com/X2ar0QNqbZ — MVP Advisory Group (@MVPAdvisoryGrp) January 30, 2023 The acquisition falls in line with Davies’ recent strategy, which has focused on diversifying and deepening its consulting […]

Click here to view original web page at www.insurancebusinessmag.com

getty Relationships are built on trust. Earning and maintaining a customer’s trust, however, is complex and multidimensional. At the service execution level, it requires competency, commitment and consistency. For customer communications, it requires clarity and a deep understanding of the customer’s needs and preferences. Around brand identity and message tone, it requires compassion, humility and a strong sense of morals. In terms of the information a customer is willing to share, it requires systems and processes that ensure maximum security and protection. Hard to build and even harder to regain once lost, trust may just be the most powerful five-letter word in banking today. If we narrow it down, trust falls into two categories: delivering consistently exceptional and personalized customer experiences, and protecting customers and their data from cyberattacks. The Balance Between Digital Transformation And Humanization It makes sense that trust would be so integral to ensuring customer loyalty in banking. After all, we’re putting our money and our livelihoods into banks. If we don’t trust the people and organizations tasked with taking care of our money, what is left in the relationship? A customer recently shared she has been with the same bank since she opened her first […]

Click here to view original web page at www.forbes.com

The Big Picture Crowdsource Innovation After a turbulent few years, we’re entering an economic downturn with a slowdown in the investment market, as growth for the sake of growth is no longer viable, and profitability returns as a priority. Digital innovation is still necessary, as plenty of untapped opportunities exist to solve actual problems, particularly in sectors like agriculture, education and energy. Using a new approach to innovation called digital acceleration, companies can continuously leverage a little bit of technology to make a huge difference. The tech industry is at a transition point. Investors and market incumbents have been typically attracted to growth, however, the media has been awash with tech business scandals that suggest it will take more than rocket-ship advances, as seen during the big tech boon of earlier years, to launch a viable and sustainable tech outfit. Simultaneously, the ambition to build a new and decentralized internet has seen vast amounts of money go into cryptocurrency and NFT markets, yet sufficient safeguards have not been able to match this wave, making them susceptible to scams. The problems with such a religious commitment to growth as seen previously are not lost on investors and C-suite executives either […]

Click here to view original web page at www.weforum.org

Secretary General of the Education, Culture, Research, and Technology Ministry, Suharti, at the ‘Acer Edu Summit 2023’ in Jakarta on Tuesday (January 31, 2023). ANTARA/AstridFaidlatulHabibah Jakarta (ANTARA) – The government is carrying out a massive transformation in education with the help of digital technology, Secretary General of the Education, Culture, Research, and Technology Ministry, Suharti, has informed. "The ministry has been transforming education since 2019," she said here on Tuesday. Many policies have been carried out by the ministry to transform the quality of education in Indonesia, for instance, it has organized 22 editions of the Merdeka Belajar (Freedom in Learning) program, which utilizes digital technology immensely, she pointed out. Added to this are programs such as the “Teachers and Schools as Mobilizers” program and the “Merdeka Curriculum,” which has been widely implemented by schools. "Although it is not mandatory, many schools have voluntarily implemented the ‘Merdeka Curriculum’ because the impact has been felt," she explained. The ministry is also assisting in schools’ administrative processes through the SIPLah app and the School Activity Plan and Budget Application (ARKAS) so that schools can focus more on providing education to students. Suharti said she is optimistic that the apps will help […]

Click here to view original web page at en.antaranews.com

Acquisition will accelerate digital transformation and enhance efforts to support diverse populations and address chronic disease NASHVILLE, Tenn., Jan. 31, 2023 /PRNewswire/ — Tivity Health ® , a leading provider of healthy life-changing solutions, today announced that it has acquired Burnalong ® , a digital health, wellness and fitness platform. The acquisition will accelerate Tivity Health’s efforts to provide consumers with a robust digital platform and extensive health and wellness content, in addition to in-person opportunities through its network of fitness locations. Burnalong will also further enable Tivity Health to support diverse and at-risk populations with condition-specific programming for a range of chronic diseases. Burnalong helps users connect to content tailored to their individual needs with access to more than 5,000 local and community-based instructors who teach more than 30,000 live and on-demand classes. Burnalong also offers programs in more than 60 categories, from traditional fitness to nutrition, financial wellness, adaptive workouts and chronic disease management. Specialty areas of programming include arthritis, pre- and post-natal, hypertension, burnout, MS, stroke, adaptive workouts, caregiver-support, veteran programming, chronic pain, Parkinson’s Disease, cancer, and diabetes. "We’ve been partnering with Burnalong for the past few years, and this was a next logical step in […]

Click here to view original web page at www.prnewswire.com

Dubai-based entrepreneur Parvez Sultan Rupani, chairman of DGTX Holdings , was declared the winner of the Arabian Best of Best award for digital transformation Parvez Sultan Rupani , the chairman of DGTX Holdings, was recently awarded with the ‘Arabian Best of Best Award’ for digital transformation. This award recognises individuals and organisations that have made significant contributions to the digital transformation industry in the Arabian region. "I’ve been working from a young age, and today I feel blessed to receive this award after so many failures. I’d like to thank every member of DGTX for their hard work. This is not my achievement. This is our achievement," said Rupani. The Pakistani-born businessman studied in the US and travelled all over the world. Under his leadership, DGTX Holdings has provided cutting-edge solutions to its clients and helped them achieve their digital transformation goals. Rupani is an award-winning entrepreneur with a successful track record in digital transformation. He is a leader who has always been at the forefront of innovation and helped DGTX Holdings become one of the leading companies in digital transformation. Rupani’s ability to stay ahead of the curve has been instrumental in the company’s success, and this award […]

Click here to view original web page at www.khaleejtimes.com

MicroStockHub/Getty Images The IT Modernization Mission Change is seldom easy. Yet for government and public sector executives, the need to modernize has never been greater, as there is a growing digital divide between constituent expectations and what many governments can offer. The COVID-19 pandemic shifted the dynamic when it came to the digital imperative for government. More than ever, citizens are demanding a more connected government with integrated services, relevant experiences and self-driven service connection. Whether it’s paying taxes online or applying for benefits anytime and anywhere with the ease experienced in other aspects of their lives, citizens are seeking a government that is as modern as the technology they use in their daily lives. A failure to move forward with modernization efforts will only lead to a decline in government agencies’ ability to deliver services and potentially reinforce the prevailing view of government as inefficient, out of touch and ambivalent to the needs of its constituents. Today, some agencies are relying on legacy systems running programs that are more than a quarter century old and can no longer be supported or updated. Converting systems and applications of that age, scale and complexity to modern cloud-based solutions is difficult. […]

Click here to view original web page at www.nextgov.com

SysKit Report Highlighting Effects of Digital Transformation on IT Admins and Governance Landscape Released CAMBRIDGE, England, Jan. 31, 2023 /PRNewswire/ — SysKit , a SaaS software company, has published a report on the effects of digital transformation on IT admins and the current governance landscape. The survey found that 40% of companies experienced a data leak in the previous year, which can have severe consequences on an organization’s efficiency and result in large fines, downtime, and loss of business-critical certifications and customers. Improper implementation of zero trust and full trust approaches can lead to data leaks. Despite their drawbacks, 50% of respondents consider the full trust approach to governance optimal, and 68% believe the zero trust approach limits collaboration capabilities. "We believe both approaches have disadvantages. Organizations lose amazing collaboration features with zero trust, and with full trust, you give up visibility and control over resources in the environment. That’s why we developed a product for Microsoft 365 tenants that cancels out the negative sides of both approaches," said Toni Frankola, CEO of SysKit. The research, conducted in November, surveyed 205 US IT professionals responsible for managing organizations’ IT environments, and accurately represents the targeted population. The survey also […]

Click here to view original web page at www.prnewswire.com