Market Watch

The digital processing platform will digitalise, streamline and fully automate processing for the Lloyd’s and London market and is a crucial part of Blueprint Two, bringing ‘enormous benefit’, IUA chief says International Underwriting Association chief executive says 2023 will be ‘hugely significant’ in London’s ambition to be the world’s first digital market Not ready to subscribe just yet? Sign up to receive a curated selection of our latest articles in your inbox for a trial period. Dave Matcham, chief executive of the International Underwriting Association

Click here to view original web page at insuranceday.maritimeintelligence.informa.com

Summary Chevron Phillips Chemical (CPChem) uses advanced analytics software Seeq to make better data-based decisions, enabling a data-driven culture. At the Seeq Conneqt conference, Brent Railey, Manager of Data Science at CPChem, described how Seeq enabled a cultural shift at the company. CPChem was able to use Seeq to digitally transform the organization by improving collaboration and problem-solving to make faster data-based decisions. CPChem’s digital foundation team used the Seeq platform to help them view and understand the value of data and to enable their digital transformation, setting a foundation for CPChem’s digital transformation team. The software helped create a common framework for interacting with data across CPChem’s sites, and enabled collaboration across the organization. Seeq’s intuitive user design helped make adoption quick and time to insights faster. CPChem was able to solve problems that they could not solve before using Seeq. The Influence of Culture Chevron Phillips Chemical was established in 2000, as a joint venture between Chevron and Phillips 66. In 2000, when Chevron and Phillips combined their chemical business, the management style for each company was quite different. “Cultural differences exist in every organization, and culture is the invisible influence that drives behavior,” Mr. Railey told […]

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

When healthcare organizations can effectively leverage and maximize their electronic health record (EHR), they can better support digital transformation initiatives. Healthcare consumers live in an on-demand world and expect access to their healthcare data. To meet these expectations, healthcare organizations are working to modernize electronic health records (EHRs), Indian Health Service (IHS) is following suit, and Leidos is transforming access to improved healthcare for American Indian and Alaska Native tribes . A HIMSS Market Insights survey conducted in February 2022 revealed that 99% of respondents believe EHR platforms are very or extremely essential to achieving digital transformation.1 Investments in EHRs across multiple platforms have been steadily rising during the past 20 years. Now the focus is on modernization and consolidation – and the same is true for patients across Indian Country. Develop a strategy to maximize investment Thinking proactively about the management of EHRs will be critical to achieving digital transformation, according to Mike Jackman, Chief Operating Officer, Health Group, Leidos. “Healthcare organizations need to ensure they have the right people, processes, and training in place to support the technology,” he explained. “Personnel skilled in the platform, retention strategies to keep this knowledge within the organization, proper change management […]

Click here to view original web page at nativenewsonline.net

Schneider Electric earns recognition for advancing pay equity and fostering an inclusive and caring work environment BOSTON, Jan. 13, 2023 /PRNewswire/ — Schneider Electric , the leader in the digital transformation of energy management and automation, has been named as a Global Parity Alliance Diversity, Equity and Inclusion (DEI) Lighthouse for its Global Pay Equity (GPE) initiative, by the World Economic Forum’s (WEF) Centre for the New Economy and Society. Continue Reading This award recognizes Schneider Electric’s efforts to promote inclusion and care by advancing pay equity across all its offices. Schneider Electric’s Global Pay Equity initiative began in 2014 with pilots in 12 countries. Since then, it has been implemented in over 100 countries, reaching 99.6% of the company’s total workforce by the end of 2020. Schneider Electric earns recognition for advancing pay equity and fostering an inclusive and caring work environment Tweet this " It’s an honor to be recognized for our ongoing commitment to gender equity. We believe that an inclusive and caring company culture is key for creating a sustainable future. We want to bring a long-term positive impact for our people, our company, and our planet – and that can only be achieved by […]

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

Blue Planet Studio via Getty Images CFOs facing economic headwinds as 2023 begins are keeping their focus on costs, looking to reduce discretionary spending as a potential recession continues to loom. This does not mean initiatives like digital transformation have fallen by the wayside, however: CFOs continue to view digital transformation as strategically important for their businesses. “Irrespective of what’s going on, it’s something that has to happen and still remains a priority,” said Marko Horvat, VP, research for Gartner, regarding how finance leaders are thinking about such initiatives. A recent study by Gartner found planning and sequencing finance transformation as well as setting a finance technology strategy roadmap were both among the top ten priorities for CFOs moving into 2023. But finance leaders are still facing challenges when it comes to moving forward with their digital transformation initiatives. There are definitely some cost and spending pressures associated with digital transformation, Horvat said. The “big challenge with CFOs is justifying the digital investments,” he said. “So how do you measure the digital return on what you’re getting?” Recession and tech spending trends A coming recession could change finance leaders’ strategies when it comes to digital investments or tech spending. […]

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

VIETNAM, January 14 – HÀ NỘI — The Vietnamese Government has asked ministries and localities to focus on promoting the development of digital finance and digital economy in 2023. Accordingly, the institutions, mechanisms, policies and legal framework would be improved to accelerate the national digital transformation with a focus on developing human resources and ensuring information security. The digital platforms and national databases would be integrated to improve the efficiency in management and handling of administrative procedures. Non-cash payments for social allowance, pension and social insurance allowance would be promoted while the national population database would be improved and used to identify customers and authenticate bank accounts. Digital transformation must also be strengthened at corporations and small and medium-sized enterprises. In the context that global growth momentum losing steam, the Government is looking for new growth drivers, one of which is developing the digital economy. Recently, the Government has raised drastic measures to promote the development of the digital economy. The Government issued a strategy for developing e-Government toward digital Government, the national strategy about developing digital economy and society, and the programme about national digital transformation to 2025 with a vision to 2030. The latest edition of the […]

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

Despite a nationwide underperformance by Republicans, North Carolina Republicans made meaningful gains, picking up two seats in both the state Senate and House. The change in legislative composition presents additional opportunities for lawmakers to continue their decade-long record of successful governing and increasing freedom for all North Carolinians. As is the case every two years, the John Locke Foundation produces a legislative agenda featuring the most critical issues legislators need to focus on to keep North Carolina on its prosperous track. Backed by research and careful consideration, these policy recommendations would help make our state the freest in the union. Locke’s 2023-2024 policy agenda comprises many issues we have championed in the past. Regarding fiscal policy and taxes, the General Assembly should continue keeping the growth of government in line with inflation and population growth , as well as look to repeal unnecessary taxes, such as the privilege tax . In education, lawmakers should protect and expand school choice programs and pass a parental bill of rights that prioritizes transparency and accountability. To support a growing economy and workforce, lawmakers should look for ways to make it easier for workers to utilize their skills free from undue burden and […]

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

The Virginia Statehouse on the eve of the 2020 legislation session in Richmond, VA. A Virginia legislative panel formed to study campaign finance reform failed to deliver its final report on Wednesday in yet another setback for advocates who say the cost of elections in the commonwealth is untenable. Virginia’s rules governing election spending are among the least restrictive in the country, with virtually no limits on the amount of money individuals and corporations can donate to state politicians. The General Assembly created the subcommittee almost two years ago to review potential reforms, including limits on political donations and new disclosure requirements. The panel was initially scheduled to complete its work in 2021, but state lawmakers granted it a 12-month extension early last year citing delays caused by the COVID-19 pandemic. The subcommittee was due to release a final report of its findings and recommendations at the start of the 2023 legislative session on Jan. 11. That deadline has now come and gone. While the subcommittee did issue a draft report in October 2021, it never held a vote, as required by law, to formalize the recommendations. It then went through 2022 without holding a single meeting. Neither state […]

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

Randolph, NJ: County College of Morris (CCM) is offering an opportunity to take advantage of in-demand careers as it prepares students to become certified drone pilots. The Drone Pilot Certification course, which runs from January 24 to April 29, teaches students what they need to know to work as commercial drone pilots. The course offers drone-flight lessons, drone-pilot readiness training and in-class preparation for the certification exam administered by the Federal Aviation Administration (FAA). Interested members of the community are invited to meet the drones up close and talk with the instructors on Saturday, January 14, from 11 a.m. to 2 p.m. at CCM’s Health and Physical Education building, near Parking Lot 7. Sign Up for FREE Morristown Newsletter Certified drone pilots Kelvin King, Carlos Velasquez, Andrew Flor and Devon Keena teach the course and instruct students in both the practice and theory of piloting commercial drones. “Drone pilots are in high demand in industries such as photography, real estate, forestry, logistics and distribution, emergency management, surveillance and agriculture,” says King, who is also an airline pilot. “This course allows CCM students to be among the first in New Jersey to earn drone pilot certification.” The course is taught […]

Click here to view original web page at www.tapinto.net

Summary Time, not timing was the secret to success. Simple behaviors consistently practiced over time can be much more powerful than the most sophisticated knowledge and analysis. Reversion to the mean is a powerful force in markets. The market currently favors companies that pursue profits most aggressively – we expect this to continue, and it could take more pain for managements to adequately adjust. Galeanu Mihai Annualized Performance (%) as of 12/31/22 QTD YTD 1-Year 3-Year 5-Year 10-Year Since Inception (12/30/99) Opportunity Equity (gross of fees) 2.11 -35.51 -35.51 -4.57 1.43 10.36 6.375 Opportunity Equity (net of fees) 1.85 -36.18 -36.18 -5.52 0.41 9.27 5.69 S&P 500 Index 7.56 -18.11 -18.11 7.66 9.42 12.56 6.28 “Every new beginning comes from some other beginning’s end.” – Seneca A new year, a new beginning. People often appreciate the prospect of starting fresh, the possibility that comes with change. New Year’s resolutions bring hope and promise. For most, the biggest challenge isn’t figuring out what to do, but doing it consistently. Resolutions are made, but not kept. We know we should eat healthy and exercise, be kind and patient with loved ones and buy low and sell high. Somehow, the knowing doesn’t […]

Click here to view original web page at seekingalpha.com