Market Watch

Digital Transformation August 17, 2024 5 mins IKEA has some exciting strategies that harness modern technology (Image: IKEA) The home furnishings retailer has long been committed to digital innovation, not just in its product designs but also its transformed operations strategies IKEA is a company that has always been forward-thinking, so it’s no surprise that the company is harnessing disruptive technology to boost its progress. First beginning as a small mail order company in Sweden, IKEA quickly launched into a global powerhouse , known predominantly for its affordable flat-pack furniture. The organisation now attracts roughly 700 million customer visits every year, meaning its wide variety of products are in millions of homes around the world. In order to keep this large number of customers happy and continually engaged, the company has some exciting strategies that harness modern technology. These systems stand to bolster their internal operations and improve overall customer experience. AI optimisation: Creating a better everyday In recent years, IKEA has turned to cutting-edge technologies like AI and drone technology. These stand to reshape IKEA’s logistical processes as the company aims to keep setting new standards across the retail industry. The company first introduced autonomous drones in 2021 […]

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The Ad Hoc Committee established by the UN General Assembly to negotiate a new convention on cybercrime have agreed on the draft United Nations Convention on Cybercrime which will be presented to the General Assembly for adoption. The Ad Hoc Committee which was formed to Elaborate a Comprehensive International Convention on Countering the Use of Information and Communications Technologies for Criminal Purposes was chaired by Algeria, an African Union Member State and currently one of the A3 (African Three) Member States representing the continent in the UN Security Council. The adoption of this important international instrument echoes the vision of the African Union on the need to develop a legal framework on cybersecurity at a global level. Recognising the future impact of emerging technologies on the development of an information society for Africa’s, as well as the need to ensure that these emerging technologies are anchored on regulatory frameworks on cyber-security and personal data protection that ensure the rights of citizens, guaranteed under the fundamental texts of domestic law and protected by international human rights Conventions and Treaties, particularly the African Charter on Human and Peoples’ Rights ; the African Union adopted the African Union Convention on Cyber Security […]

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BY the end of 2023, the Philippines recorded the strongest economic growth out of all Southeast Asia, driven by the rise of investment and services. To keep up with this fast-paced increase, the Philippines must focus on digital transformation to help drive the national economy. The country’s digital growth is hampered by several persistent challenges, including the digital divide between highly connected urban centers and remote and rural areas, unadapted and limited network infrastructure, slow speeds of connectivity, and high costs of equipment and communications infrastructure. Register to read this story and more for free . Signing up for an account helps us improve your browsing experience. Continue OR See our subscription options. Already have an account? Log in here

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Katrin Zimmermann, Managing Director, TLGG, an Omnicom Precision Marketing Group (OPMG) company; Leonard Becker, Senior Consultant, TLGG’s Healthcare practice. With increasing talent shortages and unavoidable demographic challenges, the structural weaknesses of the US health care industry loom large. This is particularly evident in the impending demographic shift where, in less than 2 decades, adults over 65 are expected to outnumber children under the age of 18 for the first time in US history. According to the Centers for Medicare and Medicaid Services, the total health care expenditure accounted for 17.3% of the United States GDP in 2022. Hospitals are also struggling significantly, with more than half anticipating financial losses as their expenses continue to rise. Improving operational efficiency could offer some relief, but efforts are often derailed by internal conflicts. This situation is exacerbated by a high rate of burnout among health care professionals, with 47% of physicians reporting feeling burned out. The pandemic has further strained the workforce, with about one-third of nurses considering leaving their jobs due to overwhelming stress and exhaustion. This sentiment was captured in a survey of more than 18 000 nurses, underscoring the critical demand for reform in the health care sector. Specifically, […]

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Blog > SAP Automation > AI-Powered Digital Transformation: Get Your Data and AI Ready Rachel Galvez | August 15, 2024 Share on: LinkedIn | Twitter | Facebook AI-Powered Digital Transformation – Get Your Data and AI Ready Key Takeaways Leverage AI to achieve digital transformation goals: enhanced efficiency, decision-making, customer experiences, and more. Address common challenges in managing SAP master data by using AI tools to automate SAP processes and ensure data quality. Create an AI-driven data and process improvement loop to continuously enhance your business operations. Digital business transformation remains a top priority for organizations across industries. More recently, the spotlight has shifted towards artificial intelligence (AI) as an enabler for many of the benefits that top transformation priority lists – including operational efficiency, improved decision-making, and enhanced customer experiences. At the core of these initiatives is a renewed focus on readying the diverse data and processes needed to build, train, and optimize sophisticated new AI applications. Let’s explore what makes AI so critical to digital transformation, how to overcome common challenges, and what you need to ensure ongoing success in your initiatives. AI-driven digital transformation AI for Digital Transformation Digital business transformation is about moving from traditional, […]

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Share on Facebook Tweet on Twitter ( MENAFN – 3BL) How can the digital transformation of the built environment and the cold chain impact sustainability? In this episode of the Healthy Spaces podcast, host Oakley Roberts speaks with Riaz Raihan, chief digital officer of Trane Technologies and Bob Irvin and Ryan Rutledge from Joules Accelerator, the largest climate tech incubator in the southeastern U.S. "There’s a massive amount of goodness that comes out of this. It’s not just about cost, but it’s also about greenhouse emissions. It’s about unnecessary heat, and it’s about the reduction in the use of fossil fuels," explains Riaz Raihan, Chief Digital Officer, Trane Technologies. "Digital technology can play a really vital and a very tangible role. And you can see how it connects back to our vision of challenging what’s possible for a sustainable world.” Listen to the full episode to hear about the potential for computing power to reduce emissions, what’s next for AI in the built environment and how to harness this rapidly evolving technology to make a positive and sustainable impact. Episode Guests Host: Dominique Silva , Marketing Leader EMEA, Trane Technologies Host: Oakley Roberts , VP Innovation, Trane Technologies Guest: […]

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California is steering towards the digital age by introducing mobile driver’s licenses and state IDs that can soon be stored securely on Apple and Google Wallets, a move announced by Governor Gavin Newsom . These digital documents aim to streamline identity verification processes for Californians, tailoring them to the tech-savvy citizens of the state. Users will have the flexibility to add their driver’s license or ID card to their iPhone, Apple Watch, or Android device, joining this modern convenience is not just a novelty, it carries the potential to simplify everyday transactions, such as proof of identity at TSA checkpoints and participating businesses though physical cards will still be mandatory for all individuals to carry around. Governor Newsom, in expressing his enthusiasm for the collaboration with "two iconic California companies," emphasized providing services that blend seamlessly with prevalent technologies, according to the state announcement . The digital alternatives complement California’s DMV mobile Driver’s License (mDL) pilot, which has already witnessed over 500,000 state residents adopting mDL through the California DMV Wallet app, and the program can accommodate up to 1.5 million participants. As DMV Director Steve Gordon put it, the goal is to keep expanding digital license acceptance while […]

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Siemens Digital Industries Software announced that Panasonic has begun adoption of its Teamcenter X cloud-based product lifecycle management (PLM) software-as-a-service (SaaS). The software will be used in the development of Panasonic’s home appliances as well as it heating, ventilation and air conditioning products as part of the company’s group-wide digital transformation strategy. The software will allow Panasonic’s global foundation for digital twins and digital threads to be expanded across its product development and design domains, with the aim of improving productivity throughout Panasonic’s manufacturing operations. According to Siemens, Panasonic’s large-scale implementation of Siemens Xcelerator as a Service will integrate data management processes across product design and development to reduce lead times and support continuous market availability of the company’s products. By migrating legacy IT assets and traditional on-premises data management to the cloud, Panasonic aims to reduce IT infrastructure, maintenance labor-hours and total cost of ownership. Using the SaaS version of Siemens software also enables Panasonic to rapidly access updated versions of Siemens latest PLM functionality, IT infrastructure capabilities and help secure its systems around the globe. The Mendix low-code platform from Siemens has also been implemented to address Panasonic’s appliance development requirements. (Learn why low-code software is not […]

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There’s a lot of discussion about commercial facilities’ “digital transformation.” But what exactly is digital transformation? Why is it critical for today’s commercial facilities? And what technology enables this transformation? According to Gartner , 91% of businesses are engaged in some form of digital initiative, and for 87% of senior business leaders, digitalization is a priority. Interestingly, 89% of all companies have already adopted a digital-first business strategy or plan to in the near future. Digital transformation is not a low-cost endeavor, however. The global digital transformation market is expected to grow to $1,009.8 billion by 2025 (from $469.8 billion in 2020). Businesses are investing their hard-earned profits into digital transformation to meet the needs of a connected, digitized world of end-users. Whether it’s online banking, emails, texting, finding a place to eat, to travel to, and products to purchase–24x7x365 connected consumers demand businesses to meet their always-on needs. Businesses of all types and sizes are streamlining business operations to serve better and expedite customer relations and services. But this is only one way of many a transformation is occurring. Edging Toward End-Users One of the major technologies used by commercial digitized facilities is the rapidly scaling Edge infrastructure […]

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Software development and CDMO experts share their key tips for choosing the right digital technologies and partnerships Alexander Seyf Digital transformation is a key phrase buzzing among modern pharma companies. Although there can be benefits for any enterprise, cell and gene therapy manufacturing is, arguably, where companies stand to gain the most. This area of the industry continues to mature and needs every edge it can get to optimize manufacturing. However, the digital journey is not an easy one, which is why many companies turn to partnerships. Here, we speak with software expert Alexander Seyf, CEO and co-founder of Autolomous, and David Smith, VP of Development at CDMO BioCentriq, to get their take on the digital future of the sector and tips for success in choosing the right technologies and partnerships. How can advanced digital platforms benefit manufacturers? David Smith (DS): There are a number of points to highlight including reduced cost, faster response time, improved communication across stakeholders, robust chains of identity and custody, and improved efficiency and visibility on delivery times. Supply chain management interfacing digitally to the warehouse ensures stock levels are maintained based on usage – and even supplier stock levels. David Smith The difficult […]

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