Time for investors to take a closer look at the digital transformation in CEE

Time for investors to take a closer look at the digital transformation in CEE

Craig Turp-Balazs Craig Turp-Balazs CEE is experiencing an economic overhaul driven by digital solutions that are revolutionising industries such as manufacturing, banking, and logistics. Investors who have hitherto ignored the region need to start taking a closer look. That Central and Eastern Europe is emerging as a major player in the global digital economy, with digital transformation creating a wealth of opportunities for investors, is no secret to those with a presence in the region. This rapid shift is reshaping traditional industries, driving innovation, and producing a new generation of tech start-ups. With (in some parts, at least) strong government support and a wealth of untapped potential, the region is poised to become a significant destination for digital investment. However, for this transformation to be inclusive and sustainable, targeted efforts are needed, especially to support female founders, who remain significantly underfunded. It also requires investors who have hitherto ignored the region to take a closer look. The emergence of CEE as a global investor Soft power and FDI inflows: Understanding the relationship Once considered peripheral, CEE has become integral to the EU’s economic wellbeing CEE is experiencing an economic overhaul driven by digital solutions that are revolutionising industries such […]

“Bhavani Krothapalli: Innovating the Future of Digital Transformation and Analytics”

“Bhavani Krothapalli: Innovating the Future of Digital Transformation and Analytics”

A Journey of Innovation and Excellence “The most impressive part of my profession has been the potential to contribute to productive innovation and determine how technology can impact not only the companies, but the whole industries. Every challenge has been a step forward in creating a future where innovation leads the way.” — Bhavani Bhavani Krothapalli’s career exemplifies that innovation and executive leadership can make a big difference in business solutions and analytics. With more than 18 years of experience, Bhavani has shown her expertise in optimizing data systems and leading digital transformation projects across some of the world’s most prominent organizations, including Google and SAP. IEEE Senior Membership: An Award of Excellence Bhavani has been awarded the renowned IEEE Senior Member award for her significant contributions to the engineering and technological fields. This award is given to experts with excellent technical and leadership abilities. She has set innovative industry standards and enhanced the capabilities of the companies she has served. Influential Leadership at Google During her time at Google, Bhavani played a leading role in Project Montana, an innovative approach that improved the management of internal and external resources within organizations. Her visionary leadership in this project led […]

Infosys Joins Forces with LIC to Drive Digital Transformation with NextGen Platform Infosys Topaz, a generative AI suite, will drive automation and personalization efforts, while Infosys Cobalt will help LIC accelerate its cloud transformation

Infosys Joins Forces with LIC to Drive Digital Transformation with NextGen Platform Infosys Topaz, a generative AI suite, will drive automation and personalization efforts, while Infosys Cobalt will help LIC accelerate its cloud transformation

You’re reading Entrepreneur India, an international franchise of Entrepreneur Media. Infosys, a global leader in digital services and consulting, has announced its partnership with Life Insurance Corporation of India (LIC) to spearhead the latter’s digital transformation initiative, DIVE (Digital Innovation and Value Enhancement). LIC, one of India’s largest life insurance providers, aims to revolutionize its operations with a state-of-the-art NextGen digital platform designed to deliver seamless, omnichannel experiences and hyper-personalized services for its customers, agents and employees. Under this collaboration, Infosys will leverage its extensive expertise in executing large-scale digital transformation projects within the banking, financial and insurance sectors. The tech giant’s AI-powered offerings, Infosys Topaz and Infosys Cobalt, will play a pivotal role in the initiative. Infosys Topaz, a generative AI suite, will drive automation and personalization efforts, while Infosys Cobalt will help LIC accelerate its cloud transformation, providing infrastructure and security through DevSecOps services. Siddhartha Mohanty, CEO & MD, LIC, said, "Our collaboration with Infosys marks a significant milestone in our digital transformation journey. It will not only enhance our operational capabilities, but also enable us to cater to our vast customer, agent and employee base with newer, more personalized experiences. We are committed to leveraging the […]

Unisys Identifies New Business Interest in H1 2024 for AI, Cloud Transformation and Cross-Mix of Solutions

Unisys Identifies New Business Interest in H1 2024 for AI, Cloud Transformation and Cross-Mix of Solutions

Unisys (NYSE: UIS) reports strong business interest in H1 2024, focusing on AI, cloud transformation, and integrated solutions . Key highlights include: 1. AI-enabled solutions : Helping clients evaluate ROI for generative AI and leveraging AI for data analysis. 2. Cross-mix solutions : Providing comprehensive IT support services, including digital workplace solutions and cloud applications. 3. Cloud transformation : Enabling secure multi-cloud environments and application transformation. Unisys cites its innovation, collaboration, strategic approach, and global presence as key factors in winning new business across various industries and regions. Positive Increased business interest in AI, cloud transformation, and integrated solutions Secured new contracts with major clients in quick-service restaurants, infrastructure, public sector, and financial services Expanded service offerings to existing clients, demonstrating strong customer retention Positioned as a strategic partner for digital transformation across multiple industries Negative None. Unisys’s H1 2024 business interest update reveals a positive trend in demand for AI, cloud transformation and integrated solutions. This aligns with current market trends and could potentially boost Unisys’s revenue streams. However, the lack of specific financial figures or contract values makes it challenging to quantify the impact on the company’s bottom line. The company’s focus on high-growth areas like AI […]

Best Data Center Security Practices in the Age of Digital Transformation

Best Data Center Security Practices in the Age of Digital Transformation

Image: Alamy Data has been described as digital gold, modern currency, and the new oil. Each of these analogies points to something fundamental about data: it’s foundational to the digital experience. Indeed, data is the impetus behind everything from increasingly popular (and data-hungry) large language models (LLMs) and personalized marketing to streaming recommendation and traffic navigation services. It’s also stored in enormous quantities. The US alone stores more than 898 exabytes of data – a number so large that it’s almost impossible to truly comprehend the size and scale of our data infrastructure. Much of this information is housed in the country’s 5,381 data centers , expensive and expansive facilities that keep information secure, accessible, and constantly available for various applications and services we rely on daily. Securing these facilities – and the data they protect – is a significant challenge and responsibility with enormous regulatory, reputational, and financial repercussions. Security teams are tasked with preventing cybersecurity incidents, insider threats, saboteurs, and other risks from entering the premises. To help industry leaders stay ahead of any threat, here are three often overlooked best practices to secure data centers in 2024: Related: The Biggest Threats to Data Center Uptime – […]

New ICTA Strategic Plan Focuses on Digital Transformation and Policy Alignment for Kenya

New ICTA Strategic Plan Focuses on Digital Transformation and Policy Alignment for Kenya

The ICT Ministry of Kenya has unveiled its Strategic Plan for 2024-2027, marking a significant organizational shift with the ICT Authority (ICTA) now under the State Department of ICT and Digital Economy, part of the Ministry of Information, Communication, and the Digital Economy. This strategic reorganization reflects a broader focus on enhancing Kenya’s digital infrastructure and promoting digital literacy and innovation. The new plan builds on insights from previous policies and supports key initiatives such as the Digital Superhighway and Creative Economy. It aligns with national and international frameworks, including Vision 2030 and the African Union Agenda 2063, ensuring a cohesive approach to digital transformation. Key objectives of the plan include improving digital infrastructure, optimizing digital culture through citizen-driven practices, and strengthening policy and regulatory frameworks. Additionally, it aims to enhance institutional capacity and promote sustainable resource mobilization, fostering a robust and resilient digital ecosystem.

Apple suggests phone registration initiative as a part of Iraq's digital transformation

Apple suggests phone registration initiative as a part of Iraq’s digital transformation

Shafaq News/ Iraqi Prime Minister Mohammed Shia al-Sudani met with a delegation from Apple on Monday to discuss the country’s digital transformation and potential areas of collaboration. Al-Sudani highlighted Iraq’s ongoing shift towards a digital economy, noting that the High Committee for Digital Transformation, which he chairs, is driving this effort. "Iraq is experiencing significant changes in the digital sphere," he said, adding that the country has become an attractive environment for major international companies, necessitating "rapid digital adaptation." He emphasized the importance of enhancing digital and technological skills among Iraq’s youth to "expand job opportunities and support government programs aimed at achieving a fully integrated digital system for public services." The Apple delegation proposed initiatives to support Iraq’s technological growth, including collaboration with universities and training programs for young developers. They also suggested a mobile phone registration system to ensure competitive pricing for devices entering the country.

Revolving Door Agency Moves: Barbarian, Havas, WPP & More

Revolving Door Agency Moves: Barbarian, Havas, WPP & More

The top agency moves from this past week. This week’s roundup highlights the latest agency moves, mergers, and strategic initiatives shaping the industry landscape. Adnami Adnami launched Sonar, a tool designed to simplify attention measurement in digital advertising. Sonar allows advertisers to better understand how users engage with their campaigns, offering a more streamlined and efficient way to measure attention and optimize digital media strategies. Alpha FMC Alpha FMC completed the double acquisition of White Marble Consulting and Bankside Financial Solutions Consulting. These two companies bring specialized marketing and technology consulting services to Alpha, expanding its asset and wealth management offerings. White Marble provides marketing services to asset management and alternatives clients, while Bankside delivers expertise in data integration and technology transformations. Amplify Amplify launched Futures, a new innovation offering designed to harness the power of emerging technologies. Futures helps brands immerse audiences through creative technology, entertainment, and IP. The initiative focuses on combining storytelling with technological advancements to create memorable brand experiences. Barbarian Barbarian acquired digital transformation company g-Innovations to strengthen its technological capabilities. The acquisition enhances Barbarian’s digital offerings, positioning the agency to deliver more integrated solutions for clients navigating digital transformation challenges. Havas Havas acquired U.K.-based […]

WebProNews is a leading publisher of business and technology email newsletters and websites.

WebProNews is a leading publisher of business and technology email newsletters and websites.

About Us WebProNews is a leading publisher of business and technology email newsletters and websites. Contact Us Reach our audience Advertising Client Library Newsletter Signup Publication Categories Advertising & Marketing Business COOUpdate Developer Retail & eCommerce Emerging Tech Life IT Management Advertise With Us Deliver your marketing message directly to decision makers. Get Started

India’s Digital Transformation

India’s Digital Transformation

Photo: Collected India’s digital evolution has progressed significantly, expanding from the foundational Aadhaar system to a wider range of innovations aimed at improving governance and service delivery. Follow Rtv Online English on Google news Launched in 2015, the Digital India program is the backbone of this transformation. Its mission is to provide electronic access to government services, strengthen online infrastructure, and enhance internet connectivity. The program is built on three pillars: digital infrastructure as a utility for every citizen, on-demand governance, and empowering citizens through digital means. Aadhaar: The Digital Identity Revolution Aadhaar, the world’s largest biometric identification system, is central to India’s digital framework. It provides a reliable digital identity to Indian residents, enabling access to services like banking, mobile connectivity, and government subsidies. By simplifying bureaucratic processes and reducing fraud, Aadhaar exemplifies how digital tools can improve governance. Unified Payments Interface (UPI) UPI has revolutionized India’s payment systems. Developed by the National Payments Corporation of India, UPI enables seamless money transfers between banks. Its user-friendly design and efficiency have driven mass adoption, making it a cornerstone of India’s fintech growth. Digital Health Innovations The Ayushman Bharat Digital Mission is transforming healthcare by creating a digital health ecosystem. […]