Market Watch

Communication and Digital Affairs Minister Meutya Hafid (right) and State Apparatus and Bureaucratic Reform Minister Rini Widyantini (left) in Jakarta on Tuesday (February 4, 2025). (ANTARA/HO-Kemkomdigi) Jakarta (ANTARA) – The Ministry of Communication and Digital Affairs and the Ministry of State Apparatus and Bureaucratic Reform have strengthened synergy to accelerate the government’s digital transformation. The effort emphasizes policies that are oriented toward adaptive business processes, considering that digitalization must be in line with the continually developing needs of public services. In a press release issued on Tuesday, Communication and Digital Affairs Minister Meutya Hafid emphasized the importance of collaboration across ministries and agencies so that digital transformation policies not only focus on technological aspects but also public services as a whole. "We appreciate the commitment of the Ministry of State Apparatus and Bureaucratic Reform to efficient and effective digital transformation of government," she said. She also affirmed her ministry’s full support for realizing more integrated and impactful public services. Meanwhile, State Apparatus and Bureaucratic Reform Minister Rini Widyantini emphasized that her ministry is committed to accelerating the digital transformation in government to improve the quality of public services. According to her, the success of digital transformation is highly dependent […]

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Article top vertical Article top vertical The Ministry of Digital Transformation of Ukraine has presented the WINWIN AI Center of Excellence – a hub for AI development and integration that aims to transform the state, business, and society while enhancing Ukraine’s global competitiveness. The center will implement artificial intelligence into governmental processes and key sectors, including defense, healthcare, education, and business. WINWIN AI CoE is the first Center of Excellence established under the WINWIN digital development strategy. Its goal is to unite experts, resources, and innovations for the development of AI and key areas of Ukrainian life. The primary focus of WINWIN AI CoE is the development of AI solutions for the public and defense sectors. "This year, we will actively integrate AI into all our projects. The world is developing at an incredible pace, and if we want to be among the leaders, we must act just as quickly. Our goal in this direction is to be in the top 3 countries by 2030 in terms of AI solution integration and implementation," said Mykhailo Fedorov, Deputy Prime Minister for Innovation, Education, Science, and Technology, Minister of Digital Transformation of Ukraine. Artificial intelligence will help improve government services for […]

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The Ministry of Digital Transformation has launched a separate unit for artificial intelligence — primarily aimed at «comprehensive integration of» AI solutions into the state, but with plans to create competitors to DeepSeek and OpenAI (in the future). «Of course, in 2025, we cannot say that tomorrow we will have a competitor to OpenAI or DeepSeek. But we will do everything we can to make it happen,» says Mykhailo Fedorov, head of the Ministry of Digital Transformation. What will the unit do? The WINWIN AI Center of Excellence (the name of the division) is among the priorities of the division: development of a national strategy and program for investing in research and development of AI solutions; creating the «best legal environment in the world» for the development of artificial intelligence; growth of AI startups by 50% annually (minimum); developing the status of the state with the largest number of AI specialists in Europe. There are separate plans for 2025 — and here, interestingly enough, the creation of a «national LLM model for public services», as well as the integration of artificial intelligence into applications «Action» and «Mriya». Who is the head of the team and what specialists are they […]

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A graphic with the words new online master of business and technology and a picture of two people looking at a laptop screen. WEST LAFAYETTE, Ind. — Purdue University has launched an online version of its groundbreaking Master of Business and Technology degree, designed to go beyond a traditional business education and to focus on the nexus of business and technology — at a time when almost every business is a technology business. Purdue’s STEM-designated Master of Business and Technology (MBT) differs from an MBA in its emphasis on leveraging emerging technologies to address existing challenges facing businesses; conceptualize yet-to-exist technological innovations; and apply data-driven decision making, business strategy and project management. In addition to developing business acumen, students gain a deep understanding of the digital transformation that is permeating every company and industry and game-changing technologies like automation and artificial intelligence. With the applied focus Purdue is known for, the program also includes a well-rounded graduate business education, albeit with a technology bent. The program covers areas such as finance and accounting, human resources, leadership and marketing. Science, technology, engineering and math education and research are part of Purdue’s institutional DNA, making the university uniquely qualified to develop […]

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The USAID logo. Illustrative photo Ukraine’s Ministry of Digital Transformation will need to find a new donor to replace the US Agency for International Development (USAID), which is halting funding for projects in Ukraine for at least three months. It provided funding for different initiatives starting from the development of the “Diia” state app to AI regulation strategies, according to Forbes Ukraine. On 3 February, US billionaire Elon Musk said Trump’s team was working on shutting down USAID, claiming that the agency was beyond repair. The next day, the US president appointed Secretary of State Marco Rubio as head of the organization. According to two former ministry employees who spoke anonymously with Forbes, USAID was one of the largest donors to the Ministry of Digital Transformation. The ministry received at least $40.5 million from USAID, compared to nearly four times less from the EU, which contributed $11.5 million across four programs. In 2023, the Ministry of Digital Transformation’s most active donors were USAID, the EU, Germany’s BMZ, and Sweden’s SIDA. In total, the ministry received $63.3 million from these sources for 9 out of 18 projects. The Ministry of Digital Transformation declined to specify what percent of its projects […]

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Dive Brief Executives pushed back against analyst concerns over the cost of IT modernization and ERP upgrades during a Monday earnings call. Published Feb. 4, 2025 Clorox disinfecting wipes displayed at a Walmart Supercenter on Sept. 18, 2023 in Austin, Texas. The company is aiming to unlock productivity and efficiency gains while also driving growth via its digital transformation efforts. Dive Brief: The Clorox Company executives pushed back against analyst concerns over the cost of its multiyear ERP upgrade and modernization efforts during a Monday financial report. “I can’t speak to someone else’s transformation, but that’s the cost of doing that,” CEO Linda Rendle said in response to an analyst question during its Q2 2025 earnings call . “We feel very confident that this has a strong return for our shareholders. We wouldn’t have invested in it if it didn’t.” Clorox is currently in year four of a five-year modernization plan slated to cost up to $580 million, which includes its first ERP upgrade in two decades, AI investments, a new operating model and widescale modernization of processes and systems. The company’s goal is to unlock productivity and efficiency gains while also driving growth. content image Access now➔ Trendline […]

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A true business transformation—enabled by digital possibilities—requires a vision that only the CEO can provide In my previous article, “Dissecting digital disruption: the imperative of digital literacy for today’s CEOs,” I explored how the rapid pace of technological evolution is reshaping industries globally. This piece serves as a sequel, focusing on how corporate executives can practically lead digital transformation within their organisations. We live in what many now call a BANI (Brittle, Anxious, Nonlinear, and Incomprehensible) world, where the pace of technological advancement is exponential. Every 18 months, computing power doubles, data generation skyrockets, and global connectivity intensifies. These forces are disrupting traditional business models, creating both immense challenges and unprecedented opportunities. However, many leaders fail to recognise the magnitude of these changes until it’s too late. Reimagining the business model: The CEO’s mandate In these disruptive times, business models that once thrived in more stable environments are proving inadequate. While businesses are adept at handling continuous or incremental change, they often falter when faced with episodic or disruptive change. The reality is that disruptive changes require more than incremental adjustments—they necessitate the creation of entirely new business models. Reimagining your business model starts with a CEO-led initiative that […]

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The intelligence revolution means we need to challenge our fundamental assumptions about how we think about our business, how we work, and how we measure success. Credit: JLco Julia Amaral / Shutterstock Perhaps we got digital transformation wrong this whole time. Instead of focusing on the transformation part, we did a lot less transforming and a lot more digitalization. Instead of seeing digital as a new paradigm for our business, we over-indexed on digitizing legacy models and processes and modernizing our existing organization. As a result, most businesses remain saddled with complexity, department silos, and old ways of doing things. The rise of artificial intelligence is giving us all a second chance. We can choose to use AI to do the same things faster and better. Or we can make the right things more efficient while also charting a new path and harness this technology to truly transform into AI-first businesses. Digitalization is not transformation Remember when the digital revolution promised to transform businesses? The reality for most businesses was much less revolutionary. We did not really invest in digital transformation, instead we did digital reformation – when you reform, you modify, but you do not reinvent. This only […]

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ASEAN members call for cooperation to unlock growth opportunities in region The ASEAN member states and officials applauded China’s achievements in digital technology and the economy, and called for support to help advance the region’s digital infrastructure, nurture digital talent and align regulatory frameworks to enhance cross-border e-commerce and unlock new growth opportunities. With groundbreaking advances in artificial intelligence, or AI, and quantum computing, the rapid development of the digital economy has positioned China as a leading force in digital innovation, said Kao Kim Hourn, secretary-general of the Association of Southeast Asian Nations, or ASEAN. Speaking at the ASEAN-China Digital Ecosystem Cooperation Forum in Bangkok on Wednesday, he emphasized that ASEAN-China relations have evolved with the times, growing into one of the region’s most adaptive and forward-looking partnerships. And the technological momentum creates significant opportunities for deeper ASEAN-China collaboration in emerging technologies. "This robust economic relationship is now being further strengthened by our shared resolve to drive the wave of digital transformation, unlocking new opportunities for innovation, connectivity and sustainable growth," Kao said. Kao said the region’s priority is to enhance digital connectivity infrastructure in terms of quality, accessibility, affordability and capacity in digital skills. He also said the […]

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Photo from Sangita Reddy, Joint Managing Director, Apollo Hospitals Group via LinkedIn Key research areas include disease progression, genomics, and multi-modal models. India’s Apollo Hospitals has partnered with Microsoft to drive digital transformation and co-innovation in healthcare. Key research areas include disease progression, genomics, and multi-modal models. The collaboration will leverage Microsoft’s expertise in artificial intelligence, data strategy, and engineering, said Sangita Reddy, Joint Managing Director, Apollo Hospitals Group. “This partnership is accelerating our AI roadmap for the ‘Hospital of the Future,’” Reddy added.

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