The Digital Dream

The Digital Dream

Whether it’s ready or not, an automated, paperless cell and gene therapy manufacturing industry has emerged. But how will it affect everyday operations, global megatrends in sustainability and the environment, and the primary endpoint of improving the lives of patients? Paperless manufacturing enhances the sector’s sustainability by reducing resource consumption, waste, and carbon footprint. Traditional manufacturing relies heavily on paper-based documentation for batch records, SOPs, and quality control records. Moving to digital systems eliminates the need for printing, storage, and disposal of these documents, reducing the consumption of paper, ink, and energy. Digital platforms also provide the elements required for scaling, resulting in improved data management and traceability, process streamlining and efficiency increases, and collaboration and knowledge sharing. With controlled inputs, QA teams can apply “release by exception,” speeding up therapy releases and minimizing non-conformance. Real-time and remote data access improve stakeholder alignment and communication, increasing efficiencies across the ecosystem. Capturing and sharing process data drives sector-wide innovation, advancing therapies and ensuring the sustainability of business models for these innovative modalities, but to derive this from paper-based manufacturing is highly challenging and time-consuming. Digital transformation, either from paper or other less-than-adequate digital tools, is often deprioritized due to the […]

E-Invoicing Market to Hit USD 63.93 Billion By 2032, Driven by Combination Of Regulatory Mandates & Digital Transformation Initiatives | Research by SNS Insider

E-Invoicing Market to Hit USD 63.93 Billion By 2032, Driven by Combination Of Regulatory Mandates & Digital Transformation Initiatives | Research by SNS Insider

SNS Insider pvt ltd The shift towards digital business operations is pushing companies to streamline their financial workflows, with e-invoicing offering significant benefits in terms of cost savings, error reduction, and faster payment cycles. Pune, Aug. 12, 2024 (GLOBE NEWSWIRE) — E-Invoicing Market Size & Growth Analysis: “According to SNS Insider Research, The E-Invoicing Market Size was valued at USD 12.7 Billion in 2023 and is expected to reach USD 63.93 Billion by 2032, with a growing compound annual growth rate (CAGR) of 19.69% over the forecast period of 2024-2032.” Market Analysis The increasing e-commerce and penetration of IT in sectors such as BFSI & telecom drive the market growth to demand specific invoicing solution which shall be effective and easy scalable. Digitalization as well as regulatory norms are propelling the e-invoicing market significantly. Organizations have now transformed from paper-based invoicing to electronic systems for more convenient operations, increased effectiveness and reduced costs. This also reflects the broader global shift of a move towards sustainability, as e-invoicing has lower paper requirements and carbon emissions. One of the primary drivers for e-invoicing is regulatory mandates as tax authorities try to improve transparency, reduce fraud, and increase compliance by enforcing the […]

Discover Points to Social Commerce as Example of Shopping’s Digital Transformation

Discover Points to Social Commerce as Example of Shopping’s Digital Transformation

Social Commerce Serves as Case Study on Shopping’s Digital Shift The lines between social interaction and commerce are increasingly blurred, and they show no signs of separating, at least not anytime soon. “Social commerce takes the entire shopping experience, from finding a product, researching it and paying for it, onto a social media platform,” Discover® Global Network Global Head of Digital Acceptance Ellie Smith told PYMNTS. This phenomenon, which represents the seamless integration of social media and eCommerce, is reshaping the retail landscape, offering new opportunities for consumers, merchants, tech providers and payment networks by transforming traditional online shopping into an engaging and interactive experience. “For consumers, social commerce is a fundamental shift from a one-dimensional experience to an interactive event,” Smith explained. Consumers can engage with brands, ask questions and interact with influencers who demonstrate and endorse products, making the shopping experience more personalized and engaging. For merchants, social commerce opens a new channel to reach and sell to consumers, enhancing their digital footprint. Smith underscored that as social media grows, this channel becomes increasingly crucial to capturing market share, especially among younger generations who spend much of their time on various social platforms. “It is a way […]

Navigate A Polycrisis World With AI-Enabled Digital Transformation

Navigate A Polycrisis World With AI-Enabled Digital Transformation

How can AI-enabled digital transformation support robust crisis management? The world is in perpetual crisis. One incident builds on another before we have recovered from the one that came before. To survive in polycrisis mode, organizations are looking for new solutions to help them manage threats and respond appropriately. I wondered whether implementing improved artificial intelligence (AI) capabilities as part of strategic digital transformation could help businesses to thrive in this new reality. If so, how are leading organizations experimenting with them to improve their crisis management capabilities and build operational resilience? To learn more, I posed this question to Brian R. Spisak, PhD, the author of Computational Leadership: Connecting Behavioral Science and Technology to Optimize Decision-Making and Increase Profits, a research associate at the National Preparedness Leadership Initiative at Harvard University and a faculty member at the American College of Healthcare Executives. He responded that AI technology is currently being deployed by large corporations to manage risk in a variety of ways. “Large corporations deploy AI technology to manage risk and enhance operational resilience by leveraging predictive analytics to anticipate potential crises, optimizing resource allocation, and automating response strategies”, says Spisak. “AI tools analyze huge amounts of data […]

The role of accelerated computing in reducing energy consumption

The role of accelerated computing in reducing energy consumption

As energy demands and costs soar, accelerated computing is poised as the critical solution for data centers and business leaders across industries. Credit: iStock Businesses increasingly rely on powerful computing systems housed in data centers for their workloads. As the data center market expands, at an estimated growth rate of 10.5% from 2024 to 2030 1 , energy consumption has become a major concern. Data centers consume about 1-2% of the world’s electricity 2 , expected to double by 2030. That’s a lot of energy. Without evolving data center platforms, energy sources, and operations to support this demand, data center growth will not be sustainable financially or environmentally. The energy demands are too high, and the old ways of boosting performance are no longer sufficient. This is where accelerated computing 3 , powered by graphics processing units (GPUs), has emerged as a transformative solution. This solution, when optimized to reduce emissions and energy consumption, is our best path to sustainable computing 4 . Striking the Balance With Accelerated Computing As businesses strive to cut emissions while delivering more computational throughput in the era of AI and big data, accelerated computing has become essential to achieve these goals. By switching […]

Frances West: One Exchange Program Away From a New Home

Frances West: One Exchange Program Away From a New Home

Frances West is the Founder of FrancesWest&Co, a global strategy advisory company focusing on operationalizing diversity inclusion through digital transformation. Frances brings to the table 30+ years of experience across a variety of fields. She has held numerous executive positions, including being IBM’s first Chief Accessibility Officer, where she managed a global team to establish IT accessibility standards, shape government policies, and develop human-first enterprise technology and solutions enabling all people to reach their highest potential. As a first-generation Asian immigrant, Frances brings a unique personal perspective to the DEI space in addition to her board base global business background. A globally sought-after public speaker, Frances has spoken at TED, Mobile World Congress, World Congress on Information Technology, Consumer Electronics Show, and South by Southwest. She is the author of the book “Authentic Inclusion™ Drives Disruptive Innovation,” a C-suite oriented cultural and digital transformation leadership best seller selected by CES and SXSW as one of the 2019 Technology Business Book of the year. While visiting the US on a university exchange program, Frances found herself opened up to new opportunities and new connections. Find out how this redefined her future on the One Away show. The show is shared […]

Navigating the complexities of digital transformation in manufacturing: Gaurav Vyas, AVP – Strategy (Director's Office), Reliance Industries Ltd

Navigating the complexities of digital transformation in manufacturing: Gaurav Vyas, AVP – Strategy (Director’s Office), Reliance Industries Ltd

Home » Opinion » Navigating the complexities of digital transformation in manufacturing: Gaurav Vyas, AVP – Strategy (Director’s Office), Reliance Industries Ltd Implementing digital transformation requires changes in organizational culture, processes, and workflows End-to-end digitization in the oil and gas industry presents several challenges as the operations and nature of business is itself complex. Moreover with regulatory requirements, and the scale of the industry with varying degree of digital maturity levels of various facilities even within the same organization, plug and play solutions and one size fits all for end to end digitization is not an option in the oil & gas, chemicals and petrochemicals industry. Digital transformation is not just required for maximal gains but it could also be a way to survive with global energy transition likely to lead to the closure of marginal assets across the oil and gas value chain in the coming decades. To remain competitive, oil and gas assets strive to transform operations, by improving yield, energy, throughput, reliability and availability while reducing costs The main challenges, barrier and impediments faced in end to end digitization in manufacturing space, particularly in oil and gas, chemicals and petrochemical installations as following Legacy Infrastructure: Though […]

Apromore: AI-Based Process Mining And Digital Solutions Company Closes $15 Million (Series B-1)

Apromore: AI-Based Process Mining And Digital Solutions Company Closes $15 Million (Series B-1)

Apromore, a leading provider of AI-driven process mining and digital solutions, announced it has closed an additional $15 million in funding as an extension to its Series B, led by existing investors with participation by Tin Alley Ventures, a joint venture between Tanarra Capital and the University of Melbourne and other investors. This funding brings the total amount of the Series B round to $25.3 million USD / $38.7 million AUD. Apromore has been continuing to experience momentum, with its revenue growing by triple-digit growth rates in the last twelve months. And the new investment enables Apromore to continue delivering rapid value to its customers and will be used to support additional expansion in the US and Europe and accelerate Apromore’s AI product roadmap. The company – which is building on its digital twin capabilities and its no-code user experience – will continue to extend the platform’s capabilities with an AI-enabled optimization engine to recommend opportunities to simplify, automate, and standardize activities and workflows, and to provide conversational interfaces for efficient discovery, analysis, and simulation of end-to-end processes. The lack of as-is process visibility and the inability to model and test changes or automation before implementation can compromise promising […]

Chinese firms stockpiling high-end Samsung chips

Chinese firms stockpiling high-end Samsung chips

You might also like Chinese technology giants including Huawei Technologies Co (華為) and Baidu Inc (百度) as well as start-ups are stockpiling high bandwidth memory (HBM) semiconductors from Samsung Electronics Co in anticipation of US curbs on exports of the chips to China, three sources said. The companies have ramped up their buying of the artificial intelligence (AI) capable semiconductors since early this year, helping China account for about 30 percent of Samsung’s HBM chip revenue in the first half of this year, one of the sources said. US authorities are planning to unveil an export-control package this month that would impose new restrictions on shipments Cathay Pacific announces US$11bn deal for new jets 2024-08-08 Hong Kong carrier Cathay Pacific Airways Ltd (國泰航空) yesterday said that it would buy at least 30 Airbus SE A330-900 aircraft in a deal valued at US$11 billion as it looks to build on a post-COVID-19 recovery and reach pre-pandemic passenger numbers next year. The firm made the announcement as it reported a drop in profit in the first half of the year, having moved into the black for the first time in four years last year thanks to a pickup in post-pandemic demand. […]

Digital Transformation: Making Information Work for You

Digital Transformation: Making Information Work for You

Digital transformation efforts help strategic analytics teams at all types of businesses leverage the information generated to improve business results. July 12, 2024 Many companies have embraced digital transformation as one of their business strategies, but quantifying what that means is often harder than it looks. Businesses ultimately want to be more agile and nimble in responding to a changing world so they can meet customers where they are. This is often driven by their overarching desire to increase their profitability and in many cases provide shareholder wealth. As an analytics leader, you must learn what digital transformation means for you and your teams and how you can pivot your activities to meet the strategic challenges. For Further Reading: Five Best Practices to Digitally Transform Your Business What Healthcare IT Leaders Need to Know about Digital Transformation Data Shows COVID-19 Accelerates Digital Transformation of Frontline Workers First, you must understand just what a digital transformation is. Breaking the term apart can help. Transformation is defined as the induced or spontaneous change from one state to another. Businesses can go through a transformation either spontaneously (as they watch competitors and peers make changes) or it can be induced (as they […]