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He also noted that related issues raised by legislators should be further studied and incorporated to promptly bring the Politburo’s Resolution No. 57 into practice. Speaking in a group debate within the National Assembly’s 9th extraordinary session on Saturday morning, the Party chief requested the prompt implementation of the NA’s resolution on piloting certain policies to resolve obstacles in scientific and technological development, and innovation activities, stating that it is necessary to address institutional bottlenecks as soon as possible. He pointed out issues that need to be settled in the Bidding Law, stressing that if the bidding process does not encourage the purchase of high-quality equipment and instead prioritizes the cheapest options, Vietnam risks becoming a dumping ground for outdated science and technology. The General Secretary suggested finding ways to avoid repeating mistakes of other countries in the process of scientific and technological development, noting that some economies have failed to develop in science and technology because they were burdened by outdated investments, struggling to recover capital before being able to innovate and adopt new technologies. Additionally, he mentioned public investment, private investment, public-public partnerships, and public-private partnerships, emphasizing that these relationships must take into account efficiency, avoiding mechanical […]

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Rose Goslinga, an advisor at Pula agricultural insurance and technology company, speaks during the Africa Tech Summit in Nairobi, capital of Kenya, Feb. 12, 2025. (Photo by Charles Onyango/Xinhua) Chinese technology firms which are expanding their footprint in Africa are accelerating the continent’s transition to an inclusive and resilient digital economy, a company executive said on Thursday. NAIROBI, Feb. 14 (Xinhua) — Chinese technology firms which are expanding their footprint in Africa are accelerating the continent’s transition to an inclusive and resilient digital economy, a company executive said on Thursday. Zitong (Tony) Zhou, head of Enterprise Business for Africa at China Mobile International Limited, said investments by Chinese telecom giants in infrastructure and skills development have fueled Africa’s shift toward a knowledge-based economy. "Digital transformation in Africa is accelerating, and that is a positive trend. We support enterprises in their digital transformation journey," Zhou said on the sidelines of the two-day Africa Tech Summit in Nairobi, Kenya. Kenya hosted the seventh edition of the summit, bringing together nearly 2,000 delegates, including policymakers, startup founders, investors, and venture capitalists, to explore emerging opportunities in Africa’s digital economy. The event featured panel discussions on financial sector innovations, green technologies, and the […]

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KPMG Velocity will integrate the firm’s existing digital transformation tools with AI capabilities when it launches in mid-2025 KPMG International unveils Velocity platform to combine existing transformation tools with AI capabilities across eight major markets The rapid adoption of AI in global businesses has created pressure for organisations to transform multiple aspects of their operations simultaneously, with research from KPMG indicating 88% of global chief executives are managing two or more transformation initiatives at once. These concurrent transformations present challenges in coordinating changes across technology infrastructure, operational processes and regulatory compliance. Organisations face difficulties in maintaining business continuity while implementing new systems, managing risk and retaining competitive advantage. Youtube Placeholder In response to these challenges, professional services firm KPMG International has announced a new AI platform designed to accelerate business transformation projects. The platform, named KPMG Velocity, will integrate the firm’s existing digital transformation tools with AI capabilities when it launches in mid-2025 across Australia, China, Canada, France, Germany, Japan, UK and USA, with plans to extend the platform to additional markets following the initial rollout. KPMG Velocity combines AI tools with business transformation methodologies The new platform brings together several of KPMG’s existing transformation products – including Connected […]

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business Image by Gerd Altmann from Pixabay Exchequer Secretary to the Treasury, James Murray MP, visited Sage’s Newcastle headquarters to explore technological advancements in support of small businesses and accountants. The visit coincided with the launch of a government consultation on e-invoicing, aiming to promote wider adoption among UK businesses and public sector entities. During his visit, the minister observed Sage’s development of technology supporting the adoption of Making Tax Digital (MTD) for Income Tax. He also examined the integration of AI-driven solutions, such as speech-to-text technology, designed to enhance customer experience. Sage’s Newcastle headquarters functions as its engineering and innovation hub, developing solutions to simplify financial management for SMBs. The Minister engaged in a roundtable with Sage’s Accountant & Bookkeeper Advisory Board to understand how accountants are preparing clients for MTD, focusing on transitioning to digital tools to reduce administrative burdens and enhance efficiency. Starting April 2026, MTD for Income Tax will be mandatory for self-employed individuals and landlords earning over £50,000 annually. HMRC encourages voluntary participation in public beta testing to prepare for these changes. The Minister discussed with Sage and accounting professionals ways to motivate small businesses to join the test phase before the mandatory implementation. […]

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Introduction According to the Digital China Development Report 2022, China’s digital economy surged in size to 45.5 trillion Yuan during 2021, constituting 39.8% of the country’s GDP. This transformation established the digital economy as a significant driving factor behind China’s overall economic advancement (Ma and Lin, 2023 , Zhang et al. 2024 ). The private sector enterprises (PSEs) in China have witnessed a swift expansion in recent years. They now constitute 90% of the nation’s businesses, contributing over 50% of its tax revenue, driving 60% of its GDP, fostering 70% of its technological innovation, and accounting for 80% of its employment opportunities Footnote 1 . The ability of PSEs to effectively implement digital transformation is important for the long-term development of China’s digital economy. Meanwhile, Petani et al. ( 2023 ) highlight that digital transformation is essential for ensuring organizational survival and achieving business success. However, digital transformation often entails high capital investment, technical difficulties, and a long return period (Liu et al. 2022 ; Xu and Tan, 2024 , Eller et al. 2023 , and Fan et al. 2024 ). Compared with state-owned enterprises (SOEs), PSEs in China frequently lack sufficient economic resources to assist with their digital […]

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Digital transformation (Photo: Unsplash) The Ombudsman reminded that equitable digitalization transformation in the area is urgent to be carried out after the implementation of the Minister of Home Affairs Regulation (Permendagri) Number 7 of 2024. "Permendagri Number 7 of 2024 is part of the follow-up to the government’s program regarding the importance of digital transformation. This will be evenly distributed if it is not only a central government program but also followed up by the provincial government and even to districts/cities," said Ombudsman Member Hery Susanto quoting Antara. In a Public Discussion entitled Transformation of Equal Digital Public Services in the Regions: Implementation of the Strategic Regulation of Permendagri Number 7 of 2024 in Jakarta (13/2), he said digitizing public services is a necessity for the community today. Digitization demands changes and shifting ways of life as citizens. For this reason, he continued, digital transformation is important for all industrial companies and the government sector that rely heavily on systems, technology and information, strategies, and human resources. Hery said that one way to accelerate digital transformation is to realize excellent public services, namely by building integrated utility network facilities (SJUT). "Digital transformation, which is about releasing value from business […]

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Hub4Business Deepika Rikhi’s pioneering advanced work in digital transformation for government health and human services. Deepika Rikhi Today, in a time when government health and human services agencies are increasingly turning to digital transformation to overcome the complex challenges they face. These challenges, ranging from fragmented systems and resource constraints to the need for faster and more accurate service delivery, require innovative solutions. Deepika Rikhi, a visionary of technology, is leading disruptive change. Her experience in using Robotic Process Automation (RPA) and Artificial Intelligence (AI) is generating new standards in the way health and human services organizations provide critical services to communities. The results are clear: enhanced service delivery and greater accessibility for vulnerable populations. One of the more contentious issues in social agencies is the dependence on a multisystem that is not integrated and hence requires the caseworkers to manually map data from platform to platform. Rikhi’s solutions, leveraging RPA, automate activity reconciliation and activity updates for use within these siloed systems. This not only alleviates the administrative burden on caseworkers but also allows them to focus their attention on providing meaningful, quality service to their clients. “I believe AI is here to aid the human services industry […]

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Your browser does not support the audio element. The Party chief asked for prompt amendments to the Law on Science and Technology, followed by revisions to other laws to ensure consistency and alignment with practical requirements. Party General Secretary Tô Lâm speaks at the group debate on Saturday. — VNA/VNS Photo HÀ NỘI — Party General Secretary Tô Lâm underlined the need to give priority and encouragement to the advancement of science, technology, innovation, and national digital transformation, noting that related issues raised by legislators should be further studied and incorporated to promptly bring the Politburo’s Resolution No 57 into practice. Speaking in a group debate within the National Assembly’s 9th extraordinary session on Saturday morning, the Party chief requested the prompt implementation of the NA’s resolution on piloting certain policies to resolve obstacles in scientific and technological development, and innovation activities, stating that it is necessary to address institutional bottlenecks as soon as possible. He pointed out issues that need to be settled in the Bidding Law, stressing that if the bidding process does not encourage the purchase of high-quality equipment and instead prioritises the cheapest options, Việt Nam risks becoming a dumping ground for outdated science and […]

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TCS to Modernize Enento Group’s IT Infrastructure, Digital Workplace TCS will maintain business continuity and deploy ignio TM platform to transform IT for UPM, to accelerate automation, drive cost savings, and implement an AI-first operating model PRESS RELEASE HELSINKI | MUMBAI, FEBRUARY 13, 2025: Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a leading global IT services, consulting, and business solutions company, has signed an agreement to drive end-to-end IT transformation of UPM, a global company with a business portfolio of decarbonization solutions, advanced materials, renewable fibres, and communication papers, based on sustainable, renewable feedstock. The digital transformation will help drive growth for UPM, enhance user experience, and boost adoption of an AI-first operating model. To strengthen the enterprise IT value chain of UPM, TCS will deploy its AI-powered autonomous enterprise platform ignio TM . The platform will improve operational efficiency, enable continuous improvement, and increase IT system readiness and reliability. As part of the agreement, TCS will provide digital services including service desk, workspace services, onsite support services, business and platform application services, network and connectivity services, hybrid cloud services and Service Integration and Management (SIAM). TCS will also enhance the digital experience of UPM’s 15,800 employees by […]

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Small businesses operate in an economy that is constantly shifting due to inflation, supply chain disruptions, labor shortages, and evolving consumer behavior. Forbes highlights that 35% of small businesses are concerned about cash-flow forecasting (predicting when and how money comes in and goes out). At the same time, digital transformation and remote work opportunities have reshaped how businesses operate, creating both new challenges and untapped potential. This blog post explores actionable strategies to help small businesses succeed despite economic uncertainties. It covers key areas such as digital transformation, operational cost management, financial stability, and innovative growth approaches. Understanding Economic Shifts and Their Impact on Small Businesses Economic shifts influence every aspect of a business, from operating costs to consumer demand. Small businesses, in particular, face significant challenges in such situations. For instance, inflation continues to be a major concern for small business owners. Statista reports that the U.S. inflation rate averaged 4.1% in 2023, impacting material costs, rent, utilities, and wages. Around 53% of small business owners reported rising inflation as their primary challenge, according to a survey by Entrepreneur. Higher prices for goods and services put pressure on businesses to adjust pricing strategies while maintaining customer loyalty. Moreover, […]

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