Market Watch

New York, New York–(Newsfile Corp. – February 27, 2025) – Digital Silk , an award-winning agency focused on creating brand strategies, custom websites, and digital marketing campaigns, reveals how New York’s legal industry is rapidly embracing digital innovation to meet evolving client demands and enhance operational efficiency. A Shift Toward Digital-First Legal Services To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/10732/242732_2419aad984424bc0_001full.jpg According to Grand View Research , the U.S. legal services market was valued at $396.80 billion in 2024 and is projected to grow at a compound annual growth rate (CAGR) of 2.5% from 2025 to 2030. This growth is driven by technological advancements and shifting client expectations. ( Source ) A Shift Toward Digital-First Legal Services Digital Silk has observed a significant transformation in how law firms approach digital integration. Clients now expect seamless online interactions, including secure document management and AI-powered legal research. Leading firms are revamping their websites, integrating CRM systems, and optimizing digital marketing strategies to enhance client acquisition and case management. "The legal industry is undergoing a rapid digital transformation, with firms recognizing that a strong online presence and seamless digital interactions are now essential for generating leads and building brand […]

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The Senegalese government has launched the “New Deal Technologique” a digital transformation strategy that seeks to modernize the way public services are delivered in the country. One of the components of the strategy is a unique biometrics-based national digital ID. President Bassirou Diomaye Faye says the strategy intends to establish a system in which access to services shall be streamlined and future-oriented with the overall goal of strengthening the country’s digital economy and reducing reliance on foreign tech expertise. The strategy, which the President launched on February 24, will run till 2034 and falls within the broader plan of the “Senegal 2050” national transformation agenda which aims to have a modern and highly prosperous nation by that time. In his address at the launching of the document, the Senegalese leader said the strategy has been designed to put in place a digital government system that will ensure effective government administration and public service delivery, close the digital divide by ensuring universal internet access, establish a unique biometric-based digital identity, and support innovation and entrepreneurship. Faye recognized the fact that Senegal, like many other countries, is at the dawn of a new era where technology profoundly impacts societies and economies. […]

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Digital transformation- CC via Pixabay/ geralt CAIRO – 28 February 2025: The United Nations Secretary-General’s Envoy on Technology, Amandeep Singh Gill, has commended Egypt’s existing infrastructure for digital transformation, highlighting the country’s growing focus on digitization and economic modernization. His remarks come amid increasing interest in digital opportunities across the Arab world, including Egypt. Speaking to the Middle East News Agency in Amman on the sidelines of the Digital Cooperation and Development Forum, which concluded in Jordan under the theme “Our Vision, Our World, Our Future,” Gill emphasized that leaders in the Arab world are now fully aware of the potential and advantages of digital transformation. Many nations, including Egypt, are investing in infrastructure to support their transition to a digital economy. Gill pointed out that Egypt has developed a robust digital infrastructure, allowing citizens greater connectivity to the digital economy. He noted that countries are now implementing the right policies and frameworks, enabling private sector investment in digital expansion. This, in turn, is fostering a more dynamic business environment, particularly for startups that rely on digital infrastructure for growth. Discussing international collaboration, the UN official stated that the United Nations has brought the global community together to drive […]

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Integrating AI in India’s Judiciary and Law Enforcement Initiatives like e-Courts Project Phase III, AI-assisted legal translation, predictive policing, and AI-driven legal chatbots are reshaping the legal landscape, making processes faster, smarter, and more transparent. While the adoption of AI presents challenges, particularly in data security, ethical governance, and legal adaptation, its potential to strengthen India’s justice system is unparalleled “Technology will integrate police, forensics, jails, and courts, and will speed up their work as well. We are moving towards a justice system that will be fully future-ready” – Prime Minister Narendra Modi. Artificial Intelligence (AI) is driving a transformative shift in India’s judiciary and law enforcement, enhancing efficiency, accessibility, and decision-making. By integrating AI into judicial processes, case management, legal research, and law enforcement, India is streamlining operations, reducing delays, and making justice more accessible to all. The judiciary faces longstanding challenges such as case backlogs, language barriers, and the need for digital modernization. AI-powered technologies—including Machine Learning (ML), Natural Language Processing (NLP), Optical Character Recognition (OCR), and Predictive Analytics are now being leveraged to automate administrative tasks, improve case tracking, and enhance crime prevention. Initiatives like e-Courts Project Phase III, AI-assisted legal translation, predictive policing, and AI-driven […]

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KPMG has unveiled a new report titled “KPMG global tech report: Energy insights” that explores the digital transformation journey of the energy sector at a time of unprecedented challenges and opportunities. The report examines how energy leaders can harness advanced technologies, data capabilities, and strategic foresight to drive the next wave of innovation. Drawing insights from an extensive survey of 2,450 global technology leaders, including 122 energy technology leaders across 19 countries , the report highlights the energy sector’s unique resilience and appetite for risk. It also uncovers critical areas where increased investments in data and artificial intelligence (AI) are essential to unlock future growth. The report provides an in-depth analysis of digital transformation trends within the energy industry, revealing how advanced technologies and data-driven insights are reshaping the sector’s future. Amid this pivotal crossroads, KPMG’s report underscores the importance of a unified approach that integrates technology, data, and strategic direction across all business functions. It offers actionable insights to help energy companies navigate complex challenges and capitalize on emerging opportunities, paving the way for the next era of digital transformation. Commenting on the report, Anish De, Global Head for Energy, Natural Resources & Chemicals (ENRC), KPMG International , […]

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Nick Hudson, Keysight Technologies Retail has always been a hotbed of innovation due to its fast pace and competitive nature. Self-checkout, self-scan apps, and Just Walk Out technology reduce friction in the shopping experience. Seamless omnichannel experiences connect physical and digital stores, while personalised offers drive upselling opportunities. Retailers continuously push the boundaries of what is possible, seeking a competitive edge through digital transformation. These transformations are even more impressive given the constraints they operate within. Innovation must be delivered rapidly to keep up with the industry’s speed. It also needs to be cost-effective, given the typically tight margins in retail. The reality is that these constraints often come at the expense of quality. This undermines the user experience and, ultimately, prevents digital transformation initiatives from reaching their full potential. Factors that hinder successful digital transformation in retail There are several reasons why retailers don’t secure the projected returns on digital transformation projects. Many retailers still approach these initiatives using the traditional waterfall methodology long associated with large-scale tech projects. However, in today’s fast-paced environment, sequential development simply doesn’t cut it. Businesses now demand frequent updates to their data and continuous improvements to digital workflows, requiring development cycles measured […]

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In today’s rapidly evolving digital landscape, Magma General Insurance is taking bold steps to modernize its technological backbone. As a leading player in India’s insurance sector, the company offers a diverse portfolio of over 70 products across motor, health, personal accident, home, and commercial insurance. Backed by Sanoti Properties LLP, Magma has consistently prioritised operational excellence and customer-centric service. To stay ahead in an increasingly competitive market, the company is now embracing a digital transformation by migrating its core insurance applications to Oracle Cloud Infrastructure (OCI). This strategic move is enhancing scalability, fortifying data security, and optimising business operations. A new digital chapter for Magma General Insurance Leading this digital revolution is Amit Thapliyal, Chief Technology Officer of Magma General Insurance. Thapliyal, who brings extensive experience from his tenure at Cigna, AXA, and the National Stock Exchange, has been instrumental in driving Magma’s cloud migration. “Technology today is the backbone of any organisation. Five years ago, it was not a boardroom discussion. Today, it’s the only discussion,” he states. The shift to OCI was not merely a technological upgrade but a strategic move to future-proof the company’s operations. “We were previously operating from two large data centres in India […]

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Information Communications Media Technology Market News Updated 2025 Market Reports Released: Trends, Forecasts to 2034 – Early Purchase Your Competitive Edge Today! How Much Is The Maritime Digitization Market Worth, And What Is Its Expected Growth? The size of the maritime digitization market has seen a significant expansion in the past few years. The market is projected to swell from a worth of $200.21 billion in 2024 to $220.27 billion in 2025, reflecting a compound annual growth rate (CAGR) of 10.0%. Factors that spurred growth in the historic period include paradigm shifts and industry outlook, the need for real-time supervision, worldwide trading and improvements in supply chain, demand for productivity as well as cost curbing, and security issues and their resolutions. Expectations suggest a swift expansion in the maritime digitization market within the impending years, with a projection of reaching $333.45 billion by 2029 and a compound annual growth rate (CAGR) of 10.9%. Factors propelling this growth during the forecast years include increased adoption of IoT, integration of AI and machine learning, investments into cybersecurity, the necessity of remote operations, and the use of blockchain for improved transparency. Key trends projected for this period encompass smart ports and logistics, […]

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Siemens and NVIDIA collaborate to create digital twins, merging the physical and virtual worlds. This partnership, blending Siemens’ Xcelerator and NVIDIA’s Omniverse Cloud, revolutionizes industries with advanced virtual simulations. Real-time simulations and digital twins enhance decision-making, reducing errors and increasing efficiency significantly. The collaboration promotes rapid prototyping and evolutionary design, allowing swift adjustments and innovation. Despite advancements, cybersecurity remains crucial to protect expanding digital data landscapes. Industries are encouraged to adopt digital transformation gradually, fostering skills and collaborative innovation. The initiative, driven by AI and machine learning, crafts a new industrial metaverse, blending imagination with reality. Siemens and NVIDIA lead the charge into this innovative era, inviting industries to explore untapped potential. A technological symphony unfolds as giants of innovation, Siemens and NVIDIA, weave their magic, blurring the lines between the tangible and the virtual. This collaboration heralds the age of digital twins—meticulously crafted virtual doppelgangers of our physical world—empowering industries to transcend traditional boundaries. In this new digital realm, industries morph into terrains where machines converse in code, and engineers orchestrate brilliance with a swipe. Imagine vivid virtual assembly lines that pulse with life, each component dazzling in intricate detail, as engineers engage in a ballet of creation. […]

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Janet Dodd image Building trust, empowering teams, and balancing innovation with patient care are key to successful digital transformation in healthcare. As the NHS continues its digital transformation, it’s clear that the promise of technology to improve patient outcomes and streamline processes hinges on more than just the systems themselves. “Effective digital transformation cannot be led solely by IT specialists or senior executives” From my experience leading digital initiatives in paediatric care, I have come to understand that successful implementation lies in relationships — relationships between clinical leaders, frontline healthcare workers, and our children and young people and their families. At the heart of this transformation is the recognition that digital systems must not only enhance healthcare processes but must also support the people who use them. Effective digital transformation cannot be led solely by IT specialists or senior executives; it requires engagement and ownership at all levels from the clinical team from design and build, testing and implementation. This engagement ensures that systems are fit for purpose and improves engagement, manages expectations and increases the systems being used to their optimum. When leadership is inclusive and collaborative, it makes digital transformation feel less like it is being enforced […]

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