Market Watch

Prime Minister Narendra Modi has met Google CEO Sundar Pichai on the sidelines of the AI Action Summit in Paris where they discussed the "incredible opportunities" AI will bring to India. The Indian-origin Alphabet Inc. CEO also discussed how Google and India can work together on the country’s “digital transformation”. On Tuesday, Prime Minister Modi co-chaired the Artificial Intelligence Action Summit alongside French President Emmanuel Macron in Paris. "Delighted to meet with PM @narendramodi today while in Paris for the AI Action Summit. We discussed the incredible opportunities AI will bring to India and ways we can work closely together on India’s digital transformation," Pichai posted on X along with pictures. Also Read PM Modi seeks global efforts to establish governance and standards for AI The last meeting between Modi and Pichai was in September 2024 in New York. The Prime minister was in the US to attend the Quad Leaders’ Summit hosted by President Joe Biden in Wilmington, Delaware. Tuesday’s plenary session of the mega event was co-chaired by Prime Minister Modi and French President Emmanuel Macron in Paris. On Tuesday at the summit, Modi made a strong case for collective efforts to establish a global framework for […]

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European wholesale marketplace, METRO Markets, reports a digital transformation project powered by Storyblok. Launched in 2019, it was developed to provide a wide range of non-food products for the hotel, restaurant, and catering industries. Following a period of growth, with over 600,000 products and thousands of customers using the platform for their restaurants, food stalls, hotels, bars, and more, it became clear to METRO Markets that its website was no longer up to the job. Its outdated in-house CMS was cumbersome and difficult to maintain, creating bottlenecks and severely limiting the scope for new features and innovation. Storyblok was selected as the best external CMS fit to support its growth and ambitions by enabling a much more flexible way to add content and visuals and, in turn, make the business more scalable. As a result of the transition from its old in-house CMS to Storyblok, METRO Markets is now able to generate over 200 category pages in seven minutes and achieve ten category pages in three different languages (German, French, and Spanish) in three minutes. This approach has also enhanced the overall content experience for the marketplace’s buyer audience and increased traffic with a click-through rate (CTR) of 12% […]

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DigiTrends, a leading player in digital transformation, has officially entered into a strategic agreement with Seen Tarbi, a prominent SAMA-approved fintech company based in Saudi Arabia. Image courtesy: DigiTrends DigiTrends, a leading player in digital transformation, has officially entered into a strategic agreement with Seen Tarbi, a prominent SAMA-approved fintech company based in Saudi Arabia. This partnership, which was announced on February 9th, 2025, at the Pakistan Pavilion, is set to bring groundbreaking change to the financial industry in the Kingdom. At the heart of this agreement is a shared vision to revolutionize the financial ecosystem in Saudi Arabia. DigiTrends, known for its expertise in delivering innovative technology solutions, will work closely with Seen Tarbi to develop advanced solutions tailored to the evolving needs of the financial sector in the region. The signing of this agreement was attended by key figures from both companies, marking a new chapter in the Kingdom’s fintech evolution. Samad Saleem, CEO of DigiTrends, was joined by Abdullah Bawazir, COO of Seen Tarbi, and Saeed Bawazeer, IT & Project Manager at Seen Tarbi to officialize this partnership. Together, they highlighted their commitment to reshaping the financial landscape by utilizing modern technology. A Collaborative Effort to […]

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KPMG International has published its KPMG global tech report 2024 , which explores the tech strategies employed by organizations across the globe to deliver value against a backdrop of swift tech advancements and the accompanying industry excitement. It also examines how organizations have balanced their need to keep up with the pace of change with the importance of prioritizing initiatives based on their business value despite the temptation to make hurried business decisions for fear of falling behind or missing out. According to the new report in which more than 2,450 tech execs worldwide were surveyed, the industry is getting better at identifying and delivering value with many areas displaying measurable improvements on last year. It should come as no surprise that the undeniable pace of tech change led to over three quarters of the respondents sharing that they worry they struggle to keep up; however, this concern was counterbalanced by 87 percent of respondents reporting higher profits thanks to their tech investments — a 25 percent increase on 2023. This encouraging stat is perhaps on account of organizations adopting a more balanced view when considering their tech investment, with 53 percent strategically evaluating their tech investment portfolio to […]

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ROSHN Group, the Kingdom’s leading multi-asset class real estate developer and a PIF company, is engaging in key discussions on the role of technology in the real estate sector at this year’s LEAP. Image courtesy: ROSHN Group ROSHN Group is signing strategic MoUs during the event to accelerate digital transformation and innovation in the real estate sector. ROSHN Group has been recognized with the Top Google Cloud Customer Accelerated Growth Award from Google Cloud Company at LEAP 2025 Riyadh: ROSHN Group, the Kingdom’s leading multi-asset class real estate developer and a PIF company, is engaging in key discussions on the role of technology in the real estate sector at this year’s LEAP. Highlighting the impact of smart city advancements, ROSHN Group is exploring how innovation can enhance community development in the Kingdom. As part of its commitment to digital transformation, the Group signed several MoUs, including one with Saudi Information Technology Company (SITE) to collaborate in the areas of managed detection and response, cybersecurity advisory and cloud services. Another with T2 company to advance research in emerging technology trends and Proptech intelligence solutions, and a third with Jahez Group to continue the development of smart mobility infrastructure, enabling autonomous, […]

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Image courtesy: stc stc Group, a Middle Eastern telecommunications group that provides a variety of services encompassing digital infrastructure, has announced a strategic collaboration with Amazon Web Services (AWS), to advance digital transformation in Saudi Arabia. According to a press release , the initiative will combine AWS’s cloud infrastructure and generative AI/ML services, such as Amazon Bedrock, with stc Group’s capabilities. This will scale cloud-based workloads and AI-powered innovation in sectors such as healthcare, finance, sports, education, energy, industrial, logistics and government sectors across the Middle East. stc Group will leverage AWS’s global expertise to deliver innovative solutions tailored to customers in Saudi Arabia and neighboring Gulf countries, including Bahrain and Kuwait. Riyadh Muawad, Chief Business Officer in stc Group, said, “Through this strategic collaboration, the Group strategy and its subsidiaries to target critical sectors in the Kingdom, we will create cutting-edge solutions, develop local talent, and pave the way for a digitally advanced future in Saudi Arabia.” Tanuja Randery, Vice President, Europe, Middle East, and Africa, AWS, said, “This strategic collaboration marks a significant step forward in contributing towards achieving Saudi Vision 2030. It underlines technology’s transformative role in advancing key sectors including healthcare, finance, sports, education, energy, […]

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Hozefa Saylawala, Director, Middle East, Zebra Technologies. Driving innovation and efficiency across healthcare, retail, and logistics through cutting-edge digital solutions Zebra Technologies, a frontrunner in providing digital solutions, is aligning its operations with Saudi Arabia’s Vision 2030 to foster a digitally empowered economy. The company’s technologies, particularly in RFID and real-time data processing, are revolutionizing healthcare by ensuring patient safety through accurate medication delivery and efficient asset management. In retail, Zebra’s systems manage inventory dynamically, significantly reducing costs and enhancing the customer shopping experience. Furthermore, in the logistics sector, Zebra’s solutions facilitate precise tracking and management of goods, thereby optimizing supply chain operations. In an enlightening conversation with Hozefa Saylawala, Director of the Middle East at Zebra Technologies, Sandhya D’Mello, Technology Editor at CPI Media Group, explores how Zebra Technologies is integrating its innovative solutions with Saudi Arabia’s ambitious Vision 2030. The dialogue delves into Zebra’s strategic initiatives across various sectors, particularly healthcare, retail, and logistics, emphasizing the company’s role in enhancing operational efficiencies and advancing digital transformation in the region. Interview Excerpts: Saudi Arabia’s Vision 2030 aims to accelerate digital transformation across industries. How is Zebra Technologies aligning its solutions to support this national strategy? Zebra Technologies is […]

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Strategy by Didier Bonnet Published 12 February 2025 in Strategy • 6 min read Switzerland’s digital payment app TWINT has over five million users and is a household name, but the journey to profitability was unusually arduous. Executive Chairman Søren Mose shares the secrets of his success in this second IMD Nordic Executive Dialogue. When Søren Mose was asked to become executive chairman of Swiss mobile payment app TWINT, which was formed from the merger of two competing apps in 2016, he replied with a firm, “Thank you, but no thank you.” When asked why, he told PostFinance, the owner of the app’s developer, Monexio, “This is going nowhere, because I don’t believe you have the stomach to do what is necessary.” As a Danish national, the veteran investment banker and financial services expert “loved mobile payment” because the Scandinavian countries were far advanced in their use of mobile payments compared to relatively small (and conservative) Switzerland, where having two competing systems was “pure stupidity – it’s winner-takes-all.” Before agreeing (eventually) to join the project, he lobbied successfully behind the scenes for the two companies to merge. But they had no transactions and the headlines were “very bad.” As […]

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Investments in Belgium have risen above pre-pandemic levels. Businesses in the country are particularly leading the way in digital transformation and innovation compared to their European counterparts. According to the latest European Investment Bank (EIB) Group Investment Survey released on Wednesday, total investment in Belgium in 2024 was 4 per cent higher than before the COVID-19 crisis. The survey also highlights that Belgian firms are significantly ahead of the EU average in adopting advanced digital technologies and developing new products and services. Digitalisation and innovation One of the key takeaways from the report is the high digital adoption rate among Belgian businesses. A striking 90 per cent of firms have integrated digital technologies into their operations, making Belgium the second most digitalised economy in the EU. The country is also leading in the adoption of the Internet of Things (IoT): 65 per cent of businesses are using IoT technology, far ahead of the EU average. Belgian companies also prioritise innovation, with 39 per cent investing in new products and services, compared to just 25 per cent across the EU. This puts Belgium among the bloc’s frontrunners in technological advancement. The survey further highlights that Belgium, alongside the Netherlands, is […]

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Dublin, Feb. 12, 2025 (GLOBE NEWSWIRE) — The "Retail Digital Transformation – Global Strategic Business Report" has been added to ResearchAndMarkets.com’s offering. The global market for Retail Digital Transformation was valued at USD 305 Billion in 2024 and is projected to reach USD 859.5 Billion by 2030, growing at a CAGR of 18.8% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The growth in the global Retail Digital Transformation market is driven by several key factors, including the increasing adoption of e-commerce, advancements in digital technologies, and the growing focus on customer-centric business models. One of the primary growth drivers is the rapid expansion of e-commerce, which has fundamentally changed the retail landscape. The proliferation of online shopping platforms, combined with the rise of mobile commerce and digital payment solutions, is pushing traditional retailers to accelerate their digital transformation efforts. As a result, retailers are investing in technologies such as AI-powered recommendation engines, personalized marketing tools, and robust e-commerce platforms that enable them to capture a larger share of the digital market. This shift is not limited to consumer-facing applications; back-end processes such as […]

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