Market Watch

SNS Insider pvt ltd The increasing trend of implementing automation in the procurement process and introduction to e-Procurement technology innovation boosts the growth for Procurement Software market. Pune, Aug. 09, 2024 (GLOBE NEWSWIRE) — Procurement Software Market Size Analysis: “According to the SNS Insider Research, The Procurement Software Market size was valued at USD 7.71 Billion in 2023 & is projected to reach USD 18.76 Billion by 2032, with an increasing CAGR of 10.40% Over the Forecast Period of 2024-2032.” Market Analysis The rising adoption of procurement software across industries where there is a need for hassle-free, simplified, and fast-moving goods purchasing in order to make the process more efficient. It has solutions intended to fix inefficiencies and maintain control over inventory. This solution allows businesses to generate and approve purchase orders, request products or services for procurement, receive matching invoices, and process online payments. Procurement software empowers companies to perform optimal purchasing and pricing activities, essential for enterprises procuring large quantities of goods. This allows companies to work with suppliers, manage events, and reports, and analyze business intelligence data for predictive and planning purposes. Procurement software is in higher demand because of the benefits it offers, such as […]

Click here to view original web page at finance.yahoo.com

There are few sectors outside of healthcare that are more emblematic of both digital technology ’s potential and the challenges that come with implementing it. In an era where digital transformation is sweeping across industries, the healthcare sector finds itself grappling with the challenge of modernizing its payment systems. “Historically, [as it relates to payment flows between patients, providers and payors,] healthcare has not been a leader in technology adoption nor deployment, and … for that reason, it’s been challenging to keep up with the evolving needs and expectations of patients,” Simon Abtalion , healthcare solutions executive at Bank of America , told PYMNTS, noting that the situation is exacerbated by the healthcare sector’s complexity and regulatory landscape. Abtalion explained that this delay has resulted in a fragmented payment ecosystem that struggles to meet patient expectations. Outside of healthcare, consumers are accustomed to streamlined, omnichannel experiences where they can interact digitally at every touchpoint. In healthcare, however, such solutions have yet to be fully adopted. Transitioning to Cashless Healthcare The persistence of cash healthcare payments is an issue within the marketplace. Healthcare providers continue to accept cash, driven by the goal of maximizing bill collection rates. This results in […]

Click here to view original web page at www.pymnts.com

WASHINGTON, Jul. 30, 2024 —World Bank Group President Ajay Banga today announced the appointment of Sangbu Kim as the World Bank’s first Vice President for Digital Transformation. “Digital technologies, including AI and data, present a unique opportunity to accelerate development,” said Ajay Banga . “The new Digital Transformation vice presidency will have the critical mission of delivering on this development promise. Sangbu’s mix of public and private sector experience gives him unique perspective on how the World Bank Group can deliver more impact, greater scale, and support countries on their development journey.” The new role will guide World Bank Group efforts to establish the foundations of a digital economy, build and enhance digital and data infrastructure, ensure cybersecurity and data privacy for institutions, businesses, and citizens, and advance digital government services. Over the past 27 years, Sangbu Kim has held senior positions in the office of the President, Republic of Korea, where he developed national ICT plans encompassing e-government, broadband network expansion, digital literacy, cybersecurity, and trade policy; in the Korean Communications Commission; and the Ministry of Information and Communication. More recently, he worked at Google as the Director of Government Affairs and Public Policy for Consumer Products in […]

Click here to view original web page at www.worldbank.org

Singapore, Aug. 07, 2024 (GLOBE NEWSWIRE) — Orangekloud Technology Inc. ( Nasdaq: ORKT) (“Orangekloud” or “ the Company ” ) , a Singapore-based technology company offering the eMOBIQ® No-Code platform for the development of mobile applications, today announced a strategic partnership with the Electronics Industries Training Centre (ELITC), a premier institute offering training and educational programs in Singapore. This Memorandum of Understanding (MOU) signifies a commitment from both organizations to empower Singapore’s workforce with the necessary skills to thrive in the digital age. Partnership Highlights Integration of eMOBIQ Training into ELITC Curriculum: Orangekloud’s eMOBIQ training courses will be incorporated into ELITC’s existing training programs, equipping trainees with in-demand skills for using the No-Code platform to develop mobile application solutions used in the digital workplace. This will benefit both individuals seeking employment and those aiming to advance their careers. Equipping the Workforce for Digital Transformation: The partnership aligns with Singapore’s national emphasis on digitalization. By equipping the workforce with the latest digital skills and knowledge, Orangekloud and ELITC aim to empower businesses to embrace digital transformation and achieve greater efficiency. Leveraging ELITC’s Network for Wider Adoption of eMOBIQ Solutions: Orangekloud will leverage ELITC’s extensive network of Small and Medium Enterprises […]

Click here to view original web page at www.globenewswire.com

Dover Fueling Solutions (DFS), part of Dover (NYSE: DOV), has launched the PetroVend Synergy Fuel Site Controller (PetroVend Synergy FSC), a comprehensive platform for fleet operations. This innovative solution consolidates multiple functionalities, including advanced Proprietary Card File capabilities, into a single streamlined package. Key features include: – Remote monitoring and management of fueling devices – Real-time visibility into site operations, transactions, and alerts – Enhanced PCF capabilities for precise control over fuel distribution – Integrated dispenser communications for simplified hardware requirements – Upcoming support for Automatic Vehicle Identification (AVI) and fleet card processing The PetroVend Synergy FSC aims to simplify operations, reduce points of failure, and offer cost savings for fleet operators. It sets a new industry benchmark for operational excellence and cost-effectiveness in the fuel and convenience retail industries. Positive Launch of PetroVend Synergy Fuel Site Controller, consolidating multiple functionalities into one platform Remote monitoring and management capabilities for fleet operators Advanced Proprietary Card File (PCF) capabilities for precise control over fuel distribution Streamlined hardware requirements, potentially reducing costs for end-users Upcoming support for Automatic Vehicle Identification (AVI) and fleet card processing Negative None. The launch of PetroVend Synergy FSC represents a significant advancement in fleet fueling technology […]

Click here to view original web page at www.stocktitan.net

Amdocs (NASDAQ: DOX ) has announced that Globe, a leading digital solutions provider in the Philippines, has chosen Amdocs’ AI and Data Platform for its information data hub. The platform, hosted on Google Cloud , will enable Globe to enhance operations through data-driven decision-making and personalized customer experiences across digital services. Key points: The platform will serve as a single source of truth across Globe’s business support systems It aims to streamline data management, reduce complexity, and lower operational costs The solution leverages Google Cloud’s AI-ready data platform for real-time data delivery It utilizes the Google Cloud Architecture Framework for a layered, service-based architecture The platform incorporates a TM Forum-certified leading telecom data model Positive Partnership with Globe, a leading digital solutions provider in the Philippines Implementation of AI and Data Platform on Google Cloud Potential for enhanced customer experiences and operational efficiencies Integration of real-time business data across Globe’s systems Utilization of industry-standard enterprise data model Negative None. Globe’s adoption of Amdocs’ AI and Data Platform marks a significant technological leap for the company. This move towards a unified, AI-ready data platform hosted on Google Cloud Platform (GCP) is strategically sound for several reasons: Enhanced operational efficiency through […]

Click here to view original web page at www.stocktitan.net

Digital transformation projects are making a comeback in India’s IT services industry after a lull of about two years, albeit with some cost-saving provisions. Several transformation deals announced by homegrown IT firms in the past four to five months have originated from the Nordic region, all of which involve a large amount of transformation work. Indian IT and engineering services firms_outsourcing_ETTECH India’s software services industry is seeing green shoots of recovery in digital transformation deals after about two years. The new contracts, however, contain cost-saving provisions. Several transformation deals announced by homegrown IT firms in the last 4-5 months have originated from the Nordic region . These include Infosys ’ deal with Denmark’s TDC Net, a digital infrastructure and connectivity provider; HCLTech’s deal with Finland’s Oriola Corporation, a health and wellbeing company; and TCS ’ multi-million-dollar contracts with digital connectivity and communications provider Nuuday and Ramboll—both from Denmark. Infosys and Wipro also secured deals from Sweden’s Ikea and Finland’s Nokia. All the deals involve a large amount of transformation work . To be sure, digital transformation deals also originated from other regions in the last 4-5 months. This includes a $355-million deal between TCS and US-based Xerox. Also, Cognizant […]

Click here to view original web page at economictimes.indiatimes.com

A worker conducts motion tests on AGV handling robots at the integrated AMT workshop of FAW Jiefang Automotive Co, a subsidiary of China FAW Group, in Changchun, Jilin province, on Aug 5, 2024. [Photo/Xinhua] Northeast China’s three provinces — Liaoning, Jilin and Heilongjiang — have been driving digital transformation and focusing on critical technology areas in the past several years. Liaoning province has invested 2 billion yuan ($278 million) in its digital manufacturing efforts. Jilin is working on training technical experts in major industrial companies, while Heilongjiang’s digital economy now makes up about 30 percent of its GDP. The integration of new technology with manufacturing is fueling high-quality development in the region. Workers adjust the robots at the integrated AMT workshop of FAW Jiefang Automotive Co, a subsidiary of China FAW Group, in Changchun, Jilin province, on Aug 5, 2024. [Photo/Xinhua] Robots automatically grab parts at the integrated AMT workshop of FAW Jiefang Automotive Co, a subsidiary of China FAW Group, in Changchun, Jilin province, on Aug 5, 2024. [Photo/Xinhua] Staff members observe the operation of smart equipment at a factory of Harbin Turbine Company Ltd, a subsidiary of Harbin Electric Group, in Harbin, Heilongjiang province, on July 23, […]

Click here to view original web page at en.people.cn

Image: iStockphoto As the healthcare industry embraces digital transformation, the convergence of cutting-edge technologies and regulatory frameworks presents both opportunities and challenges. Here we explore the intersection of the EU AI Act and the Department of Health’s “Digital for Care: A Digital Health Framework for Ireland”, shedding light on how these regulations shape the future of patient-centred healthcare. At the heart of Ireland’s healthcare evolution lies the ‘Digital for Care’ Framework. HealthTech Ireland members, in contributing to this through consolidation of member’s perspectives and input to the Health Service Executive (HSE) and Department of Health, welcomed openness in this engagement. We are also encouraged that our visions are aligned, to enhance the creation of a patient-centric, sustainable health service by harnessing the power of digital technologies, including AI. By enhancing care quality, improving efficiencies, and increasing accessibility, the framework sets ambitious goals for the years ahead. Critically, the next consideration is implementation and accelerating the scaling of innovation adoption. Balancing innovation and compliance Enter the EU AI Act, a landmark legislation designed to foster innovation while ensuring responsible AI deployment. As the HSE explores AI adoption, it, like other jurisdictions, faces the pressing need of balancing technological advancements with […]

Click here to view original web page at www.pulseit.news

News & Articles MEDIA RELEASE Defence is transforming how it works with businesses through the launch of the Defence Digital Engineering Strategy to speed up capability acquisition and address operational gaps. The Defence Digital Engineering Strategy is a key outcome of the Defence Industry Development Strategy and 2024 National Defence Strategy, which identified the need for Defence to accelerate digital technologies. Built upon digital transformation programs undertaken by the United States Department of Defense, the engineering strategy outlines Defence’s commitment to streamline processes through an approach that better connects people, tools and data. The outcome will result in increased collaboration with industry, better decision making and faster introduction of capability across the Australian Defence Force. Deputy Secretary Capability Acquisition and Sustainment Group Chris Deeble said the Defence Digital Engineering Strategy was a critical step in further developing how Defence and industry work together. “By working more closely with industry in this space, existing partners and small to medium enterprises will have the opportunity to contribute to the design of shared collaborative platforms, delivering speed to capability in a secure and streamlined digital environment,” Mr Deeble said. “The Defence Digital Engineering Strategy is about leveraging technologies to enhance efficiency, accessibility […]

Click here to view original web page at news.google.com