Market Watch

UK digital health Just over a quarter (28%) of UK businesses surveyed had good digital health in 2024, around a third (36%) had average, and (36%) had poor health, according to a European digital health study from Zoho , The study rated businesses surveyed on their practices within digital transformation. Large UK businesses tend to perform better when it comes to digital health, with almost two fifths (40%) rated as having good digital health. 27% of medium UK businesses received a good digital health rating, and just 18% of small UK businesses had good digital health. In contrast, Germany performed better, with a third (33%) of businesses surveyed rated as having good digital health. Spain performed similarly to the UK, with 27% of businesses having good digital health, while 20% of businesses in France and 19% of businesses in The Netherlands having good digital health. The Netherlands also had the most businesses surveyed having poor digital health (45%). Compared with the previous year, the results demonstrate some progress with most digital health indicators in all markets. UK businesses surveyed with good digital health are most likely to see AI as critical and are already seeing the benefits from using […]

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Minister of Information and Communications Nguyen Manh Hung has emphasised the role of corporations in leading and developing science, technology, innovation, and digital transformation. Minister of Information and Communications Nguyen Manh Hung At a conference on science, technology, innovation, and high-quality human resources held at the Government Office headquarters in Hanoi on February 11, Minister of Information and Communications Nguyen Manh Hung emphasised the need for the state to delegate major projects, place orders, and assign tasks to businesses. "Major projects can drive the growth of Vietnamese businesses. If they lack sufficient resources, they will hire foreign expertise. This is preferable to allowing foreign companies to take on domestic projects while employing Vietnamese workers," he said. "Large enterprises must take on national responsibilities, master strategic technologies, and lead key national digital transformation initiatives. This is both a duty and an opportunity for national technology firms to develop into major Vietnamese technology enterprises," Minister Hung added. Resolution No.57-NQ/TW of the Politburo aims to establish five major digital technology corporations, on par with global counterparts, by 2025. Furthermore, large enterprises should lead in technology adoption and digital transformation, setting an example for other businesses and fostering a nationwide wave of scientific […]

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Data centres are starting to use more water to support AI innovation Rising demands from AI data centres are straining water resources, prompting tech giants like Microsoft and Google to seek sustainable cooling solution As data centres are the backbone of AI technology, they require significant amounts of water to maintain necessary cooling measures, which links directly to the centres’ ability to power AI operations without overheating. The push to develop new cooling technologies is ongoing within the tech industry. However, these advancements could potentially intensify sustainability challenges , particularly with the potential impact on national water supplies due to increased consumption levels. In the UK, the government’s commitment to expand data centre infrastructure aims to boost economic growth but raises concerns about overextending water resources. Now, conversations between industry leaders and governmental agencies are taking place to address potential water shortages in the future. The water demand on data centres The need for water in the AI sector is not going unnoticed. As technology evolves, the need for innovative cooling solutions becomes more acute, prompting companies to seek alternatives like liquid and immersion cooling systems. These solutions aim to reduce both the heat generated by data centres and […]

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Fawry, Egypt’s leading e-payments solutions provider, has announced the launch of "Fawry Business”, a groundbreaking suite of innovative solutions tailored to businesses of all sizes and the broader business community in Egypt. Image Courtesy: Fawry An integrated electronic collections and payments system Corporate and individual cards in collaboration with Banque Misr SMEs lending solutions Corporate investment in the “Fawry Yawmy” Fund, with an annual return of up to 23% due daily An integrated financial, sales, and procurement management system An integrated HR and payroll management system Cairo, Egypt: Fawry, Egypt’s leading e-payments solutions provider, has announced the launch of "Fawry Business”, a groundbreaking suite of innovative solutions tailored to businesses of all sizes and the broader business community in Egypt. These solutions aim to facilitate operations, boost efficiency, and alleviate daily business challenges. Building on its commitment to digital transformation, Fawry continues to deliver cutting-edge digital solutions that simplify financial transactions and provide essential tools for business success. As a trusted partner in Egypt’s business ecosystem, Fawry reinforces its strategic vision to support digital transformation efforts and advance financial inclusion across the country. “Fawry Business” offers a comprehensive range of solutions for small, medium, and large enterprises across various […]

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( MENAFN – Edelman) Riyadh, Saudi Arabia, 13 February 2025—The Arab energy Fund, formerly known as APICORP, a leading multilateral impact financial institution, announces the successful implementation of the Temenos Arrangement Architecture Consumer Lending and Facilities Lending solution by Systems Arabia. The implementation will support The Arab Energy Fund’s Corporate Banking by enhancing loan issuance and management, particularly to accommodate products related to sustainability, green initiatives, and Sharia-compliant facilities. Additionally, it improves the Fund’s ability to manage syndicated loans and the functions effectively. Fahad Alshahrani, CSSO of The Arab Energy Fund, added: “This implementation marks a pivotal step in our digital transformation journey, significantly enhancing our operational efficiency and service delivery to our clients. This advancement will enhance our efficiency in providing superior lending offerings to our clients and streamline our agency operations.” Rao Hamid, General Manager, Systems Arabia, commented: “We are proud to partner with The Arab Energy Fund on this transformation, representing a significant leap forward for lending modernization in the region.” William Moroney, Chief Revenue Officer, Temenos, remarked: “Temenos is honored to partner with Systems Arabia in supporting The Arab Energy Fund’s journey toward lending modernization, providing a unified, flexible, and scalable platform for loan servicing.” […]

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Artificial Intelligence (AI) has become a transformative force in the digital era, reshaping how organisations align their business strategies with their information technology (IT) infrastructure. Integrating AI into Enterprise Architecture (EA) is a significant development, enabling organisations to optimise operations, innovate, and respond more effectively to an increasingly dynamic digital landscape. EA, a strategic framework that aligns processes, technology, and data with organisational goals, becomes even more powerful when enhanced by AI. This integration offers a more agile, data-driven, and dynamic approach to managing organisational resources and operations. The role of AI in digital transformation is becoming increasingly prominent, particularly in sectors such as higher education and the public sector . By incorporating AI into EA, organisations can streamline operations, foster more significant innovation, and improve decision-making capabilities. The infusion of AI enhances business architecture , data management , applications, and technology frameworks , making these systems more efficient, predictive, and responsive to change. As AI continues to evolve, its potential to revolutionise organisational operations and decision-making processes grows exponentially. The Evolution of Enterprise Architecture (EA) Enterprise Architecture (EA) has existed since the 1980s to manage IT systems and align them with business strategies. One of the earliest and […]

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WSP Global (TSX:WSP), a leading engineering and science-based professional services firm, and Microsoft (NASDAQ:MSFT) have announced a multi-year, global partnership aimed at accelerating the digitalization of the architecture, engineering, and construction (AEC) industry This seven-year partnership represents a potential combined financial commitment and investment exceeding $1 billion Microsoft is a preferred partner for digital and AI transformation services, including an expansion of Microsoft 365 Copilot globally and will rely on WSP for engineering and science consultancy WSP Global stock (TSX:WSP) last traded at C$248.80 and Microsoft stock (NASDAQ:MSFT) last traded at C$584.11 WSP Global (TSX:WSP) , a leading engineering and science-based professional services firm, and Microsoft (NASDAQ:MSFT) have announced a multi-year, global partnership aimed at accelerating the digitalization of the architecture, engineering, and construction (AEC) industry. This seven-year partnership represents a potential combined financial commitment and investment exceeding $1 billion. As part of this strategic collaboration, WSP is designating Microsoft as a preferred partner for digital and AI transformation services, including an expansion of Microsoft 365 Copilot globally. In return, Microsoft will continue to rely on WSP as a preferred partner for engineering and science consultancy to meet the growing demands of customers worldwide. Key initiatives of the partnership […]

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Claude Yoder has been appointed as the chief data, analytics and digital officer. Credit: PR Newswire/Lockton. Independent insurance brokerage Lockton has launched a digital office designed to drive innovation in data, analytics and technology. The new office is said to leverage digital and data capabilities to offer clients transformative solutions. It will accelerate digital transformation, focusing on all aspects of data, analytics and technology. The office aims to enhance client value, improve operational efficiencies and support decision-making processes by harnessing technologies and data-driven insights. Lockton has appointed Claude Yoder as the chief data, analytics and digital officer. He previously served as the global analytics leader at Lockton Re. How well do you really know your competitors? Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge. Company Profile – free sample Not ready to buy yet? Download a free sample We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form By GlobalData Enter your work email Yoder was also a part […]

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<div class="paragraphs"><p>(Photo Source: Company)</p></div> Tata Consultancy Services Ltd. has signed an agreement to drive the IT transformation of Finland-headquartered UPM-Kymmene Oyj. Finnish UPM is specialised in producing recyclable products that are made of responsibly sourced, renewable raw materials. It operates production facilities in 11 countries and has a turnover of EUR 10.3 billion. Announcing the deal, a release said the digital transformation will help drive growth for UPM, enhance user experience, and boost adoption of an AI-first operating model. The release, however, did not divulge the financial details of the contract. To strengthen the enterprise IT value chain of UPM, TCS will deploy its AI-powered autonomous enterprise platform ignio. The platform seeks to 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. TCS will also enhance the digital experience of UPM’s 15,800 employees by using AI to support better human-machine collaboration, it said. Turkka Keskinen, Chief Information Officer at UPM said the company is striving to build a human centric […]

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Article Telecommunications / Asia / Mon 10 Feb, 2025 A mysterious hand controls big data Key View SpaceSail’s entry into the Malaysian fixed broadband market represents a significant development, as it addresses a segment of the connectivity market with limited competition. SpaceSail is poised to boost fixed broadband adoption in the country post-2025 and could potentially capture some of the market share from FTTH services over the decade, particularly if fibre deployment slows. Increased competition in Malaysia’s satellite market due to SpaceSail’s presence is expected to drive down service and hardware prices, whi… Read the full article This commentary is published by BMI, a Fitch Solutions company, and is not a comment on Fitch Ratings Credit Ratings. Any comments or data included in the report are solely derived from BMI and independent sources. Fitch Ratings analysts do not share data or information with BMI. Copyright © 2023 Fitch Solutions Group Limited. All rights reserved. 30 North Colonnade, London E14 5GN, UK. Telecommunications Asia Malaysia BMI Country Risk & Industry Research Expert analysis of opportunities and risks across emerging and frontier markets.

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