Market Watch

At NRF 2023: Retail’s Big Show , attendees gathered in person to hear from the most influential IT leaders in the industry. The conference was packed with educational programming, keynote sessions and live demos. As IT leaders look ahead, retailers are making an extra push toward digital transformation . Loss prevention strategies and in-store security measures are also priorities. Brands including Intel , Microsoft , Cisco , Google illustrated the ways they’re leveraging analytics to improve modern inventory management and respond to supply chain delays. Lowe’s, Toshiba and Walgreens noted that they are using artificial intelligence (AI) and radio-frequency identification (RFID) technology to reduce theft and improve frictionless checkout . Retailers including Macy’s, Neiman Marcus and Louis Vuitton Moët Hennessy revealed the ways they’re creating lasting relationships with customers through in-store experiences . According to Andy Szanger , director of strategic industries at CDW, “the retailers that are going to be the most successful this year are those that can provide digital innovation combined with a truly exceptional in-store experience to meet and exceed their customers’ needs and demands.” Here are some core takeaways IT leaders should know. Retailers Push Toward Digital Transformation Retailers are primarily focused on digital […]

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Big technology decisions and their effects at healthcare organizations extend well beyond IT and innovation teams. Cross-department alignment is vital to managing change, implementation and achieving desired outcomes. In this session, join the vice president of treasury and financial systems at Pennsylvania-based Geisinger for a discussion about the importance of a strong partnership between IT and Finance when making long-term technology decisions. You will learn: The strategic role of IT in helping finance and other business leaders achieve their goals Tips to ensure alignment between CIO + CFO and the teams they lead The importance of digital transformation to drive financial sustainability Best practices for finance and IT roles/responsibilities when evaluating or adopting enterprise technology Presenters:

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InfoVision, a leading global IT services and solutions company announced their partnership with EvoluteIQ, a leading hyperautomation-enablement technology company. The strategic partnership will enable InfoVision to co-develop transformative business solutions across industries and domains by leveraging EvoluteIQ’s low-code/no-code hyperautomation enablement platform to create seamless and integrated customer journeys across disparate technologies and processes. Through this partnership, InfoVision and EvoluteIQ will jointly focus on assisting enterprises transform digitally by accelerating hyperautomation adoption across organizational functions and workflows to optimize business efficiency and maximize growth. From automating workflows to providing actionable real-time data insights for effective decision making, the eIQ platform offers a customizable and easy-to-use solution with a simple drag and drop facility. With use cases spanning across industries and domains, the eIQ Platform seamlessly connects people, processes, applications and data for enterprises. “This strategic alliance will help InfoVision t transfer the benefits of hyperautomation to its customers by driving efficiency, increasing the bottomline and boosting productivity significantly,” says Sean Yelamanchi, President at InfoVision. “With EvoluteIQ’s proven low-code/no-code hyperautomation enablement platform, InfoVision becomes well-positioned to take the lead in developing enterprise-effective business transformation solutions. Additionally, faster and more accurate services will help improve customer experience resulting in increased customer loyalty […]

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Today, the EU and India have strengthened their relationship as strategic partners by setting up a new Trade and Technology Council (TTC). The new TTC will deepen strategic engagement on trade and technology between both partners. This follows the announcement by President of the European Commission Ursula von der Leyen and Prime Minister of India, Narendra Modi, on 25 April 2022 in New Delhi. It will be co-chaired on the EU side by Executive Vice-Presidents Margrethe Vestager and Valdis Dombrovskis , and on the Indian side by Subrahmanyam Jaishankar, Minister of External Affairs, Piyush Goyal, Minister of Commerce and Industry, and Ashwini Vaishnaw, Minister of Electronics and Information Technology. Working Groups In a rapidly changing geopolitical environment, the EU and India have a common interest in ensuring security, prosperity and sustainable development based on shared values. The TTC will provide the political steer and the necessary structure to coordinate approaches and advance technical work. To lay the groundwork, both sides have agreed to work on critical areas such as connectivity, green technologies and resilient supply chains. Ministerial meetings of the TTC will rely on the preparatory work of three working groups, which will meet within two weeks to organise […]

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Saudi Arabia has announced more than $9 billion investments in its technology sector, as part of efforts to bolster digital transformation in preparation for the future economy. The investments are led by a $2.1 billion commitment from Microsoft , which will build a super-scaler cloud in the kingdom, Abdullah Alswaha, Saudi Arabia’s Minister of Communications and Information Technology, said at the Leap 2023 conference in Riyadh on Monday. They also include Oracle’s plans to invest $1.5 billion to boost the kingdom’s cloud-computing capacity and $400 million from China’s Huawei to enhance Saudi Arabia’s cloud infrastructure, he said. An additional $4.5 billion has also been invested in global and local assets across a number of technology sectors, the minister said. The investment was announced by the Arab world’s largest economy surpasses the $6.4 billion announced at the inaugural Leap last year . They are part of Crown Prince Mohammed bin Salman’s plans for the "empowerment of the technology sector, which is one of Saudi Arabia’s most promising sectors amid unprecedented growth in the kingdom’s digital economy", Mr Alswaha said at the opening of Leap. Some of the areas on which the kingdom will focus are financial and health technology, Internet […]

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ANKENY, Iowa — As with any anniversary milestone in the convenience store channel, chains will find themselves asking, "What’s next?" With the commemoration of its 50th anniversary in 2018, Casey’s General Stores Inc., the third-largest convenience store operator and the fifth-largest pizza chain in the United States, reflected on its first 50 years in business and questioned what it would take to be successful for the next 50 years. The answer was to be a bigger, bolder, more contemporary version of itself. While it had multiple factors working in its favor, such as a high store count, great products and famous pizza, the brand did not have a well-established digital footprint. "Guests told us that they wanted us to make it easy to order pizza, so they wanted a mobile app. They told us they wanted a loyalty program like other restaurant chains. So, building the roadmap was pretty easy: listen to our guests and give them exactly what they want," Art Sebastian, Casey’s vice president of digital experience, recently told Convenience Store News . Digital would be the first expression of the contemporary Casey’s. Evaluating its tech stack, the company had what Sebastian calls "fragmented technology" — white-label […]

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( MENAFN – Brazil-Arab News Agency (ANBA)) São Paulo – The Arab Brazilian Chamber of Commerce (ABCC) will hold the event Digital Transformation – The New Era 5.0 in International Trade next Thursday (9) at 9 am. On the occasion, the entity’s 2023 calendar of activities will also be presented. Registration is open, and the hybrid event is open to the public. The event can either be attended in person in the ABCC auditorium or be watched online via Zoom. It will feature translation into English. This will be the first event of the ABCC in 2023. Industrial Engineering professor Alejandro Frank of the Federal University of Rio Grande (UFRGS) will talk about Digital Transformation and new international business models . Foreign Trade Single Window Program manager and Finance Ministry’s Secretariat of Foreign Trade general coordinator Tiago Barbosa will discuss Integration and digitization of Brazilian customs . ABCC president Osmar Chohfi will open the event. ABCC Marketing & Content director Silvana Gomes will present the entity’s 2023 calendar of activities. ABCC Technology & Innovation director Marcos Bulgarelli will talk about the future with the Ellos platform, while Ellos Business analyst Laércio dos Santos will present Easy Trade and how […]

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Technology is a tool, not a strategy. When a company undergoes a digital transformation , they are embedding technologies across their businesses to drive fundamental change, often resulting in increased efficiency and greater agility. But that change doesn’t just happen on its own overnight, and a big reason why only 30 percent of transformations are successful is that CIOs, CDOs and CTOs might be losing the forest for the trees. No longer is the goal of digital transformation to become digitally native, but instead to drive real, tangible value for the business. Charting a clear path towards that value and executing on it is the differentiator between companies that maximize their strategy and the ones that embrace digital transformation just because everyone else is. VALUE CREATION The pace of change in the digital world is dizzying, and it’s easy to get caught-up rubbernecking the competition to spot the latest trends. Digital enthusiasts move in the same circles, read the same articles, and attend the same industry trade shows hyping the hottest tech. The result can be a Frankenstein monster of a digital strategy, cobbled-together tech that might not actually be valuable for their business. The fact is, every organization’s […]

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Europe is quickening its step in a bid to catch up in the global race towards a digital future. Hartley Milner reports on the swathe of actions that could see the region take the lead in the transition while boosting trade opportunities at home and across international markets. The Path to the Digital Decade is a programme of ambitious targets and support initiatives devised by the European Union to make sure every member state is ready for the “challenges of an evolving and inter-connected world” by 2030. How the EU aims to get there is set out as a ‘digital compass’, each of its four points indicating a core strategy – promotion of digital skills, rollout of secure and sustainable digital infrastructures, the digital transformation of businesses and digitalisation of the public sector. The Union pledges to work towards these objectives without compromise on “transparency, security or fundamental digital rights and principles”. Additionally, each country will have to come up with a strategic roadmap of its own, showing how it will go about achieving the transition, including measures backed up by regulation and investment. “The Digital Decade is about making digital technology work for people and businesses,” said Margrethe […]

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Technology plays an integral role in product research, business operations, customer engagement, and marketing campaigns in the digital age. Because of the advancement of modern technology, many companies leverage solutions that can help automate business processes, boost employee productivity, and add more value to customers and other stakeholders. Statista forecasted total spending of US$1.6 trillion on digital transformation (DX) in 2022, which will reach US$3.4 trillion by 2026. Digital technology is now being embraced, such as cloud migration and using tech tools for communication and collaboration. The recent pandemic increased digital transformation growth, making organizations more agile to respond to the changing customer needs and market demands of faster business transactions and innovation. Let’s find out the top digital transformation predictions in 2023 according to industry experts: The Rise of Business Marketplaces Dov Breuer, the Chief Operating Officer of Fixlers , shared his expert insights about business marketplaces. He said, “Marketplaces aren’t only for business-to-customer or B2C companies. Many business-to-business or B2B companies are now more open to this business tech concept. In virtual marketplaces, a business can showcase its products, services, or solutions like retailers or the e-commerce industry do. You create a go-to or one-stop shop for […]

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