Market Watch

Jang-Hyun Kim is the new CEO of Score. /Courtesy of Score S-Core, the IT consulting subsidiary of Samsung SDS, announced on the 14th that it has appointed Kim Jang-hyun as the new CEO. CEO Kim has held key positions at Samsung SDS, including head of the Digital Transformation Center, head of the Management Innovation Team, and vice president in charge of internal AM, accumulating extensive experience in digital transformation and management. CEO Kim noted, "S-Core has been recognized for its expertise in digital transformation, providing various software technology services to the Samsung Group," and said, "We will strengthen our cloud, artificial intelligence (AI), and digital marketing consulting and actively support customized digital transformation for our clients through open-source software business." ※ This article has been translated using the OpenAI translation tool. View Original Article(Korean) Lee Kyung-tak What to Read Next China stockpiles semiconductors with 10.4% import rise amid US sanctions As export controls from the United States on China have tightened, it has been identified that Chinese corporations are hoarding advanced semiconducto… NewJeans fans abandon Pikmin Bloom as user engagement plummets The girl group NewJeans has been known to enjoy it, and since late last year, the augmented reality […]

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The Director of USTDA, Enoh Ebong The US Trade and Development Agency has awarded Zenith Bank Plc a training grant to support the bank’s adoption of Microsoft Azure, a hyperscale cloud platform. The USTDA’s announcement on its website on Monday emphasised the grant’s role in strengthening the bank’s institutional capabilities. However, the agency did not disclose the specific amount of the grant. The switch to Azure is expected to increase the bank’s data processing and storage capacity, enabling it to expand its digital banking services while improving transaction speed, security, and reliability. The Director of USTDA, Enoh Ebong, stated, “This grant demonstrates USTDA’s commitment to supporting the deployment of cutting-edge U.S. digital infrastructure in partner countries like Nigeria. “Our training grants are an effective tool for strengthening U.S. competitiveness in the global market for highly sensitive digital infrastructure solutions. Zenith’s procurement will provide its customers with trusted technology that will protect their data and privacy.” Zenith’s transition to the Azure platform will require organisation-wide adaptation of a technology that will also transform internal processes and culture. Furthermore, the agency said its grant will support training for senior managers and decision-makers on governance and financial management of cloud services for […]

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At a roundtable with industry and academia at the Defense Innovation Unit, I met a CEO whose company had developed a language translation app that was providing critical support across the Department of Defense. He shared that the department was paying high prices at the last minute across multiple siloed vehicles and customers. It was, he frankly said, a poor business model. He couldn’t plan for the support the department clearly needed, and the department couldn’t leverage enterprise scale and predictability to drive down the cost. It was bad for the taxpayer and bad for the company to be on this unpredictable seesaw of demand. In parallel, in August 2023, the department highlighted a critical shortage of translators impacting some key missions. So, in November, my office onboarded this company across our platforms on an enterprise vehicle with enough ceiling to support demand across the department. It is critical that this type of speed of execution matching AI and digital solutions with real mission impact moves from episodic to routine. AI and digital solutions are increasing the pace of change and advancement across key sectors of American society, including the Department of Defense. Advanced data applications that leverage AI […]

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Image: European Commission The digitisation of project cargo movements across the EU will bring with it some welcome long-term cost savings for operators and transporters, after European policymakers formally adopted new electronic-based regulations. Electronic Freight Transport Information, or eFTI, is a ‘big step forward’ towards modernising freight operations across the union, says the European Commission. Though the projected potential savings for each business will be a modest 13 euros per consignment note, this will ultimately add up to around yearly savings of one billion euros in administrative cost savings across the freight sector. EU Member States have been told they can now officially begin setting up their IT systems in preparation for paperless freight transport, following the introduction of the first eFTI acts. These acts set out how operators’ IT systems should be designed and data exchanged. Driving digital transformation of the industry A major step in the digital transformation of freight transport across the European Union, the advent of eFTI regulations creates the conditions for a shift from paper-based document exchanges to standardised electronic data on cargo transport for project cargo and all other transport modes. Apostolos Tzitikostas, European Commissioner for Sustainable Transport and Tourism, said: “Europe’s freight […]

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Lily Varon , principal analyst at Forrester , analyses the 2025 payments and ecommerce industry trends in the US. Payments are ubiquitous and conceptually simple. We exchange money for goods or services. And yet, how payments actually work is so fastidiously niche, obscure, and complicated. If you’re anything like me, you leave many presentations about the future of payments feeling one of two ways: completely overwhelmed by the nuance and the relentless pace of change or completely underwhelmed because we’re talking about decades-old “innovations” in digital payments or consumer trends. I’d like to strike a different and, hopefully, more balanced note with you to understand the trends shaping the payments industry in the US today, and those that will shape the future. To do so, I’m borrowing a tool from another industry I love – art and its iconic colour wheel. Why is the colour wheel so useful to understand the future of payments? There are primary payments trends that are akin to primary colours. Discussions about the future of payments can seem like old news because we overemphasise primary payments trends like digital transformation, security enhancements, and personalisation. There are advanced trends because the primary trends influence each […]

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The digital age has ushered in remarkable transformations across industries, fundamentally altering how we communicate and conduct business. The digital wave has reshaped traditional business models, making digital transformation a critical driver of this revolution. At the heart of this shift is digital transformation, which is no longer a luxury but a necessity for businesses seeking success in today’s fast-paced environment. The business world is undergoing a seismic shift driven by evolving consumer expectations and rapid technological advancements. As companies grapple with this new reality, digital transformation has emerged as a game changer, redefining organisations’ operations and engagement with their customers. This journey empowers businesses to leverage cutting-edge tools and strategies, fostering innovation and driving operational efficiencies. Digital transformation is indispensable for businesses in today’s landscape. It enables organisations to adapt to rapidly evolving market conditions, maintain competitiveness, and meet the growing demands of customers. It involves seamlessly integrating digital technologies into all aspects of a company’s operations, resulting in a fundamental shift in its functioning. According to Gartner, nearly half (47%) of CEOs across 15 global industries have been urged by their boards to transition toward digital business. Additionally, 56% of those CEOs reported increased profits after implementing […]

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Maritime customers can use remote installations to save time, lower carbon footprint and improve safety by reducing onboard physical intervention. Marlink has reported a more than 350% increase in remote service installations in 2024 compared to 2023. More than 900 remote installations were completed by the end of 2024, compared to just above 200 in 2023. Marlink data show that customer installations increased during the year while integrations by Marlink and its field service partners remained relatively flat. Key benefits for shipowners include: Lower costs and time saving. Preparing the elements for installation in advance means lower overall costs and optimised operations, keeping the vessel connected and in compliance. Easier Installation. Simplified installation of LEO and Cyber solutions alongside existing VSAT, safety and network management services made possible for crew, including integration into onboard network. Enhanced Support. Marlink has formed a dedicated field remote support team to provide the tools and guidance needed to help crews before, during and after the installation. Positive ESG impact. Using remote installation means Marlink can reduce the carbon footprint associated with travel of personnel to install equipment, which also reduces risk associated with joining the ship. Remote installations increased rapidly in recent years, […]

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Alliance aims to drive value for clients in a market needing digital transformation. TUALATIN, OR, Jan 14, 2025 – iGrafx, a global leader in process intelligence, is excited to announce a strategic consulting partnership with BiXi Consulting , the newly formed arm of NTT DATA INTRAMART. This partnership will help organizations across Japan to achieve successful digital transformation by combining BiXi Consulting’s business consulting services with the integrated technology platforms of NTT DATA INTRAMART and iGrafx. “We were looking for strategic technology and consulting partners to help us expand our footprint in Japan and to meet a growing need for digital transformation,” said Alexandre Wentzo, CEO of iGrafx. “The business consulting capabilities of BiXi Consulting will add further value to our existing collaborations and offerings. Together, we are set to help companies shift towards more data-driven, responsive, and resilient operations, setting new standards for competitive advantage and growth.” Clients will use the intra-mart Accel Platform integrated with iGrafx’s innovative Process360 Live capabilities to leverage comprehensive Digital Twin of an Organization (DTO) solutions that address both technological and business needs. BiXi Consulting will provide consulting services that enable organizations to unlock unparalleled business process transformation with these solutions. “We are […]

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You can order almost anything online, so why should booze be any different? That’s the $285 billion question Drinks is keen on answering, Barry Collier, the company’s co-founder and head of R&D, said during a discussion for the PYMNTS series “ When Chatbots Go Shopping: How GenAI Is Shaking Up the Retail Status Quo .” Two key challenges to solve when operating across the U.S. alcohol market are streamlining fragmented liquor regulations and driving personalization as a competitive moat, he said. Enter artificial intelligence . Drink has been using AI for nearly a decade, a journey that began with a patent in 2016 for a wine label affinity system. The system was designed to understand why consumers choose certain wines, a decision often influenced by the label rather than the contents of the bottle. “Upwards of 85% of the purchase decision for wine is based on the label,” Collier said. Recognizing this, Drinks employed computer vision and machine learning to analyze label features such as colors, fonts and imagery, determining how these elements might resonate with consumers. This approach mirrors strategies seen in other industries. Collier pointed to Netflix , which tailors its thumbnails based on user preferences. “If […]

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The transition to SAP S/4HANA has become a cornerstone in Amiantit’s efforts to modernize its operations and meet the demands of a changing business environment. Amiantit, a global player in advanced piping solutions, recently completed a comprehensive upgrade from SAP ECC to SAP S/4HANA . This initiative, undertaken in collaboration with YASH Technologies, reflects a strategic effort to build a resilient digital infrastructure. As one of the first adopters of SAP solutions in the MENA region, Amiantit continues to embrace advancements to stay competitive in a dynamic global economy. The project involved a complete overhaul of Amiantit’s IT framework, addressing critical domains such as finance, supply chain, logistics, and human resources. The shift also retained vital legacy integrations while improving functionality across various processes. Leveraging the capabilities of SAP FIORI, the upgrade provided an intuitive and user-friendly experience for employees, enabling better engagement with the platform. To support a smooth transition, YASH Technologies facilitated extensive training programs for Amiantit’s workforce. These sessions were designed to ensure employees could fully utilize the advanced features of SAP S/4HANA, enhancing overall organizational efficiency. The Transition to SAP S/4HANA SAP S/4HANA represents a next-generation ERP solution that combines real-time analytics, streamlined processes, and […]

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