Market Watch

The Politburo and the Party Central Committee’s Secretariat held an online national conference in Ha Noi on Monday to implement the Politburo’s Resolution No. 57-NQ/TW dated December 22, 2024 on breakthroughs in science and technology development, innovation and national digital transformation. Party General Secretary To Lam, State President Luong Cuong, Prime Minister Pham Minh Chinh, National Assembly Chairman Tran Thanh Man, and Permanent member of the Party Central Committee’s Secretariat and Head of the Inspection Commission Tran Cam Tu co-chaired the conference. The Da Nang broadcasting bridge point saw the attendance of Party Committee Secretary Nguyen Van Quang, Standing Deputy Secretary of the Party Committee Nguyen Dinh Vinh, Chairman of the People’s Committee Le Trung Chinh, and Chairman of the People’s Council Ngo Xuan Thang. Party General Secretary To Lam delivered his concluding speech at the conference. Photo: VNA Sci-tech development, innovation, digital transformation is a strategic task In his closing speech delivered at the conference, Party General Secretary To Lam highlighted that the Party and State always considered science and technology as the decisive factor and foundation for the sustainable development of the country. Since the fourth National Party Congress, science and technology have been identified as a […]

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678508e09a43aca77b54dcc1 Dreamstime M 107744935 Digital transformation among manufacturers is healthy, and the Industry 4.0 era is well underway, but automated processes and upgrading the factory floor through technological advancements still face notable hurdles going into 2025, according to the results of the late summer and early fall Smart Industry audience survey that formed the basis of the State of Initiative Report 2024, our latest whitepaper. Download and read the State of Initiative Report for 2024 See also: State of Initiative Report for 2023 While last year’s SoIR cited “a return to optimism,” optimism reflected in this year’s survey was tempered by some big unknowns heading into 2025—the economy and U.S. government instability, for starters, now that Donald Trump is taking up residence in the White House again. In our survey, a third of the respondents—33.94% to be precise—felt “general economic uncertainty” was a significant challenge to advancing their businesses and digital transformation projects. Open to responses up until Nov. 1, 2024, almost until Election Day in America, respondents to SI’s survey answered the 20-question poll amid the heated federal campaign, which returned Trump to power and handed total control of the U.S. government—the House and Senate joining a Supreme […]

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Driving Innovation in the Oil and Gas Industry Published on: In this modern era, digital transformation is revolutionizing industries worldwide, and the oil and gas sector is no exception to this shift. Rajeshwar Guggilla, an expert in energy systems, explores advanced digital solutions transforming this vital industry. By focusing on innovations like predictive analytics, IoT, and blockchain technologies, his insights provide a comprehensive roadmap for boosting operational efficiency, driving sustainability, and building resilience in challenging market conditions. Transforming Operations with Advanced Technologies The implementation of cloud computing, IoT, AI, and blockchain in the oil and gas industry has been a transformative approach toward operational process enhancement. All these technologies are facilitating real-time data collection, processing, and analysis, significantly improving decision-making capability and minimizing inefficiencies. For instance, predictive analytics maximizes resource usage and maintenance schedule efficiency, resulting in up to 25% lower operation costs and productivity improvement of up to 30%. These improvements not only improve competitiveness but also ensure compliance with environmental and regulatory standards, thereby adding value up and down the supply chain. Sustainability Management: Reducing Environmental Impact Sustainability has become a basic goal in the oil and gas industry, with digital technologies being instrumental. Advanced energy management […]

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National Health Service (NHS) Concept. Medical Care Insurance Public Department. As the NHS enters a transformative year, 2025 promises groundbreaking advancements in AI, patient care and health equity. Discover how technology will shape a more efficient, inclusive and proactive healthcare system by hearing what some of the leading lights from the healthtech industry think. Kavita Parmar, Co-Founder, Word360 said: This year marks a critical turning point in the transformation of interpreting and translation services within the NHS. As highlighted in Lord Darzi’s 2024 report, there is an urgent need for a ‘tilt towards technology’ and for systems to become more interoperable, particularly in addressing health inequalities and improving patient care. Trusts will increasingly seek AI-driven, clinically safe translation services that can integrate seamlessly with their existing infrastructure, and ultimately improve productivity. However, the demand for traditional face-to-face interpreting services will remain essential, especially as communities continue to diversify. With initiatives like CORE20plus 5 pushing for more equitable access to healthcare, NHS Trusts will face growing pressure to allocate larger budgets to meet this rising demand. As healthcare becomes more inclusive, ensuring effective communication across all languages will be crucial to improving patient outcomes and achieving the imminent NHS Long-Term […]

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AccessPay has explored finance and the state of transformations and development in corporate teams through the launch of its new Finance Trends 2025 report. Following this announcement, the report explores finance and treasury teams’ digital transformation status, ISO 20022 preparations, and approach to fraud management. It also presents a deep dive into the financial services, legal, and retail sectors. The company also focused on understanding the state of finance transformations in corporates and FIs, while also determining how and where they are focusing on digitalisation efforts at the beginning of 2025. Access Pay releases its new Finance Trends 2025 More information on the release of Access Pay’s Finance Trends report Included in the key findings from the report are account name verification topping firms’ technology prioritises, minimal action taken for new ISO 20022 mandatory data requirements, as well as invoice scams ranking as a top fraud concern. For multiple companies, finance transformation is a work in progress. According to the official press release, just 13% had fully digitised, while 69% stated they were in the midst of digital transformation with a combination of manual and digital processes. Financial services firms also accelerated their finance transformation efforts, with legal firms […]

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Digital payments are growing in Latin America as companies like Mercado Libre and TerraPay rapidly advance digital banking and digital wallets in the region. Central bank instant payments mandates and modernized infrastructure in Brazil have also moved the needle to the point where the region is arguably moving faster toward digital transformation than anywhere else in the world. PYMNTS Intelligence’s “ How the World Does Digital ” report surveyed 67,000 consumers across 11 different countries. It found that Brazil was far ahead of all of them — including the United States — in digital engagement. Drilling down into the results, in 2023, 66.8% of Brazilians used mobile banking apps on their phones at least once a month, and 46.8% used these apps at least weekly. Consumers in Brazil are embracing digital payments as well. The report found that by 2023, two-thirds of consumers in Brazil had smartphones and 75% had debit cards. In the same year, 77% of consumers in Brazil were using Pix , the instant payments app for mobile phones launched by the country’s central bank. “After many decades of the status quo in payments, Latin America is going through a major transformation,” Marcelo Moussalli , managing […]

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IN today’s fast-paced digital age, businesses face unprecedented challenges to adapt, innovate and thrive. Nowhere is this truer than in the telecommunications industry, where the convergence of technology, customer demands, and regulatory frameworks creates a high-stakes environment. Globe Telecom Inc., one of the Philippines’ largest telecommunications providers, offers a compelling case study of how a traditional company can successfully steer digital transformation while maintaining operational excellence. Globe’s journey underscores the importance of strategic investment, cultural transformation, regulatory compliance, and public-private collaboration in fostering sustainable growth.

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Colombian fintech Currently, the Colombian fintech sector is at a technological and innovation turning point with the arrival of new trends and tools such as open finance and artificial intelligence. According to the third measurement of the Innovarometer of the Colombian Financial Superintendence (SFC), entities face a more challenging technological horizon than that observed in previous years. The survey seeks to identify the advances, trends, opportunities and challenges of financial and technological innovation, as well as the implementation of new technologies in the financial system. 256 companies were interviewed, including traditional financial institutions and fintechs, which represents a 45% growth compared to the respondent base in 2021. The results reveal that six out of 10 traditional financial institutions are at a “developing” level of innovation, while the same proportion of Colombian fintech companies are at an “advanced” stage. Looking to the future, 64% of traditional financial institutions and 68% of fintechs maintain that continuing to work on digital transformation initiatives in the coming years is a priority. The innovation strategy approaches of the Colombian fintech sector remain the same compared to the measurement made in 2021. The traditional segment identifies the development of products to improve internal processes (57%), […]

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K imberly-Clark Expanding Investments in India BENGALURU, India, Dec. 26, 2024 /PRNewswire/ — Kimberly-Clark, a global leader in essential personal and family care products, continues to increase its commitment to India through its Global Digital Technology Center (GDTC) in Bengaluru. Continue Reading Kimberly-Clark’s Digital Technology global leadership team and India GDTC team in Bengaluru Established in 2018 with an initial investment of $2.5 million, the Bengaluru GDTC has seen remarkable growth, expanding its size by eight times in just five years. The center focuses on key areas and digital capabilities such as Data and Analytics, Artificial Intelligence (AI) including Generative AI, Machine Learning (ML), Cloud Transformation, Global Digital Operations & Automation, Digital Sales and Marketing, and Digital Supply Chain – all of which help drive efficiencies and improve customer experiences. Over the next three years, the GDTC plans to continue its expansion, focusing on advancing AI/ML capabilities and developing innovative digital solutions to boost operational efficiency and customer engagement. These capabilities further enhance Kimberly-Clark’s ability to deliver on its global Powering Care strategy – shared earlier this year – and, in turn, strengthen its longstanding commitment to consumer-centricity. While the Bengaluru GDTC is driving Kimberly-Clark’s technological advancements, it’s also […]

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NEW YORK, Jan. 11, 2025 /PRNewswire/ — Report on how AI is driving market transformation – The global digital transformation market in oil and gas industry size is estimated to grow by USD 56.4 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of 14.5% during the forecast period. Rise in investments and partnerships is driving market growth, with a trend towards use of digital twin technology. However, lack of skilled labor poses a challenge. Key market players include Accenture PLC, Amazon.com Inc., AVEVA Group Plc, Emerson Electric Co., General Electric Co., Halliburton Co., Informatica Inc., Intel Corp., International Business Machines Corp., Microsoft Corp, NVIDIA Corp., Oracle Corp, Rockwell Automation Inc., SAP SE, Siemens AG, Sierra Wireless Inc., Tata Consultancy Services Ltd., Teradata Corp., and TIBCO Software Inc.. Continue Reading Technavio has announced its latest market research report titled Global Digital Transformation Market In Oil And Gas Industry 2025-2029 Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF Digital Transformation Market In Oil And Gas Industry Scope Report Coverage Details Base year 2024 Historic period 2019 – 2023 Forecast period 2025-2029 Growth momentum & […]

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