Market Watch

London – WEBWIRE – Thursday, February 20, 2025 New report shows connectivity and 5G set to fuel significant gains in GDP from industries including manufacturing, financial services, automotive and aviation Connected Industries at MWC25 Barcelona to showcase the latest innovation for industry from AI-driven aviation systems and IoT-enabled automation in manufacturing to smart city infrastructures Ahead of MWC25 Barcelona , GSMA Intelligence has launched research highlighting a dramatic shift in the global economy, with advanced connectivity and mobile technologies to contribute $11 trillion to global GDP by 2030 – which represents 8.4% of the total. This surge represents a significant increase from the contribution of $6.5 trillion (5.8% of overall GDP) in 2024, emphasising the growing role and exciting potential of digital technologies and enterprise transformation in reshaping industries. GSMA Intelligence’s Economic Growth and the Digital Transformation of Enterprises 2025 report highlights manufacturing, financial services, automotive and aviation as pivotal sectors, contributing nearly 34% of the projected $11 trillion impact by 2030. Advanced connectivity will continue to transform these industries, driving significant cost efficiencies and revenue growth globally. Pau Castells, Head of Economic Analysis, GSMA Intelligence, stated: “Advanced connectivity such as 5G is unlocking new opportunities for innovation and […]

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Economy & Policy GCCs are far more than the back end operations. They are the new centres of innovation, writes Orange Business’s CEO. The world of business is transforming, and the epicenter of change might surprise you. Global Capability Centres (GCCs)—once the quiet engines of global businesses—are now roaring into the forefront, demanding attention. They’re not just keeping the wheels turning; they’re building the engines of innovation, fueling the drive of digital transformation, and architecting a new era of global competitiveness. This isn’t evolution; it’s a seismic shift. For too long, GCCs were relegated to the back office, perceived as mere cost centers. That narrative may no longer apply. Today, they are vibrant hubs of talent, attracting the brightest minds and forging groundbreaking solutions. They’re not just supporting global operations; they’re leading them, spearheading cutting-edge research, driving product development, and shaping global strategy. The time to recognise their potential and power is now. Also Read: Oracle to train 500,000 youth and women in new-age technologies by 2028 The question isn’t if your business will be impacted by the rise of GCCs, but how you will harness the possibilities to thrive in this new era. Boom of GCCs in India […]

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New Era’s more than 20,000 customers around the globe will now have access to Accrete’s innovative AI solutions through their trusted technology partner. Accrete, a leader in artificial intelligence solutions, has partnered with New Era Technology, a global managed service provider renowned for its innovative technology solutions, to deliver advanced AI-driven digital transformation solutions to enterprise clients across industries. As part of this collaboration, New Era will offer Accrete’s Nebula ITSM solution to transform clients’ IT service management stacks into predictive engines for risk detection & incident remediation through the use of Expert AI Agents. By integrating Accrete’s pioneering artificial intelligence capabilities with New Era’s extensive service offerings, the partnership will enhance operational efficiency, streamline processes, and foster innovation among enterprise clients. Read More on AiThority Interviews : AiThority Interview with Jeff Geiser, VP of Customer Experience at Zenlayer “New Era is at the forefront of digital transformation for its ~20,000 customers. To fully realize the ROI of Expert AI Agents in decision automation, organizations must transfer tacit domain knowledge into universal ground truth representations that can form the basis of advanced machine reasoning,” said Prashant Bhuyan, Founder, CEO, and Chairman of Accrete, Inc. “New Era recognizes that customers […]

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Aston Martin, F1, Santander, Repsol – PEX Network PEX Network ’s weekly news bulletin rounds up the latest from the process community including operational excellence (OPEX), digital transformation, business process management (BPM), process mining, artificial intelligence (AI) and more. This week includes: Aston Martin Aramco accelerates digital transformation Santander expands digital transformation in Mexico Repsol transforms logistics operations across multiple locations ACMP Global’s Isolde Kanikani joins Neurodiversity Foundation Movigo Group automates critical business processes Don’t miss any news, updates or insider tips from PEX Network by getting them delivered to your inbox. Sign up to our newsletter and join our community of experts. Aston Martin Aramco accelerates digital transformation Aston Martin Aramco (AMR) Formula One Team announced an elevated, multi-year partnership renewal with digital transformation platform ServiceNow to drive innovation and enhance operations across the business. Since partnering in 2023, ServiceNow has helped streamline processes across the AMR Technology Campus and trackside by automating IT and facilities requests, centralizing employee experience and boosting data analytics to accelerate decision-making. The enhanced partnership will further integrate ServiceNow’s advanced technology into the team’s HR and finance functions, unlocking greater efficiency and empowering the team to make data-driven decisions that fuel sustained success, […]

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Rajesh Sinha Founder and Chairman, Fulcrum Digital. Fulcrum Digital, a leader in enterprise AI and digital transformation, is redefining the future of artificial intelligence with a bold new vision: Intelligence Amplification (IA). This evolution of AI aims to enhance human decision-making rather than replacing it. As the company celebrates 25 years of digital excellence, with cutting-edge AI solutions built in India for global enterprises, Fulcrum Digital is now setting the stage for the next wave of AI innovation: Autonomous AI for enterprises. Rajesh Sinha, Founder and Chairman, Fulcrum Digital, stated: “We believe that there are five stages to digital transformation of any organization. When we had started on this journey 25 years ago, most companies were in the stage of digital infancy, unsure of what the perfect transformation looks like for their particular business. "Today, with the growing popularity of AI among enterprises, we see enterprises accelerating towards the fourth stage of digital maturity. But, in order to get there, AI adoption needs to be more than just about automation. True transformation lies in amplifying human intelligence, which is where intelligence amplification (IA) becomes critical. "With FD Ryze, we have been striving to create programs that enhance human expertise […]

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Information Services Group (ISG) has released its 2024 ISG Provider Lens™ Enterprise Managed Network Services report for Europe, highlighting increasing enterprise reliance on managed network services (MNS) providers for digital transformation. The report reveals that companies are seeking MNS solutions due to growing network complexity and cybersecurity threats, often stemming from internal expertise. The study identifies key trends including increased demand for Network-as-a-Service (NaaS) offerings, driven by AI and GenAI technologies. Companies are leveraging multicloud configurations to enable business transformation, reduce IT capital expenditures, and mitigate risks from software updates. The report evaluates 33 providers across three quadrants, naming Accenture, Colt, Deutsche Telekom, GTT, and Orange Business as Leaders in three quadrants each. Notably, Accenture was named the global ISG CX Star Performer for 2024, achieving the highest customer satisfaction scores in ISG’s Voice of the Customer survey. Positive Report identifies multiple market leaders across three service quadrants Growing market demand for managed network services in Europe Increased adoption of Network-as-a-Service (NaaS) offerings Potential for reduced IT capital expenditures and risk mitigation for enterprises Negative None. Insights This ISG Provider Lens™ report represents a significant market indicator that validates the accelerating shift toward managed network services in Europe, with […]

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Jannah Hotels & Resorts to implement Shiji PMS to accelerate the group’s digital transformation and enhance operational efficiency, guest personalization, and sustainability. Shiji, a global leader in innovative hospitality technology solutions, is proud to announce that Jannah Hotels & Resorts, a luxury hotel group renowned for its commitment to affordable luxury in the Halal segment, has successfully adopted Shiji PMS- Shiji Enterprise Platform. This collaboration marks a significant milestone in Jannah Hotels & Resorts’ digital transformation journey, empowering the group to enhance operational efficiency, sustainability, and guest satisfaction. Prior to this partnership, Jannah Hotels faced challenges with managing fragmented technology, which often hindered operational efficiency and the ability to deliver personalized guest experiences. With the adoption of the Shiji PMS—Shiji Enterprise Platform, the group now benefits from a unified, cloud-based solution that seamlessly integrates into every aspect of the guest journey. The platform not only boosts operational efficiency but also helps Jannah Hotels & Resorts maintain the personal touch that is at the core of their renowned hospitality. Founded on the principles of Bedouin hospitality, Jannah Hotels & Resorts has emerged as a prominent name in the UAE’s hospitality landscape. Renowned for its innovative infrastructure, creativity, and dynamism, the […]

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New Era’s 20,000+ customers can now access Accrete’s AI solutions through their trusted partner. NEW YORK, NY, Feb 21, 2025 – Accrete has partnered with New Era Technology to deliver advanced AI-driven digital transformation solutions to enterprise clients across industries. As part of this collaboration, New Era will offer Accrete’s Nebula ITSM solution to transform clients’ IT service management stacks into predictive engines for risk detection & incident remediation through the use of expert AI agents. By integrating Accrete’s pioneering artificial intelligence capabilities with New Era’s extensive service offerings, the partnership will enhance operational efficiency, streamline processes, and foster innovation among enterprise clients. “New Era is at the forefront of digital transformation for its ~20,000 customers. To fully realize the ROI of expert AI agents in decision automation, organizations must transfer tacit domain knowledge into universal ground truth representations that can form the basis of advanced machine reasoning,” said Prashant Bhuyan, founder, CEO, and chairman of Accrete, Inc. “New Era recognizes that customers need more than RAG-based search engines on top of siloed information. Our joint vision is to encode an organization’s best judgement, expertise, ethics, and values into AI agents that can instantly reason across complex information silos […]

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Minister of State for Administrative Development Fadi Makki met with Canadian Ambassador to Lebanon Stephanie McCollum at his office for an introductory meeting. Discussions reportedly focused on the Ministry’s priorities and the importance of coordination in providing support, particularly in technical and technological fields, as well as enhancing public services and advancing digital transformation efforts.

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Ericsson and Comsol showcased Private 5G at Mining Indaba, driving digital transformation and connectivity for safer, smarter, and more efficient mining. Ericsson and Comsol were jointly present at the African Mining Indaba conference held in Cape Town, South Africa, where they engaged with various mining industry stakeholders to explore opportunities for digital transformation and economic growth within the African mining sector. Enterprises in the African mining sector are focused on digitalization and are leveraging autonomous or remote-controlled vehicles, asset tracking, and connecting workers for safety, communications, and remote assistance. Current connectivity challenges, like hard-to-reach coverage areas, network congestion, and Wi-Fi limitations have presented significant challenges in executing on smarter operations. In response to these challenges, Ericsson and Comsol showcased the Ericsson Private 5G solutions at the conference to accelerate digital transformation and demonstrate robust and reliable connectivity for the mining industry and beyond. Ericsson Private 5G sets a new standard for wireless network performance, enabling secure, reliable, high-speed 4G and 5G connectivity, powered by its robust dual-mode core and industry-leading radio portfolio. Built for performance and scale, the solution comes pre-integrated to enable quick deployments, enabling advanced, intelligent operations in any environment. Through fruitful discussions around the solution and […]

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