Market Watch

In thinking about the future of publishing, AI provides many opportunities beyond ChatGPT. Here are some of the best strategies and tactics that are driving growth in audiences, revenue and innovation at media businesses around the world. The attention economy, competition and AI This is a report from a Future of Publishing conference that I’m taking part in. Our panel focused on the future challenges for publishers in terms of technology and revenue. Here is a sampling of the questions and my answers. The opening icebreaker question covered a range of challenges including intense competition in digital publishing both for attention and digital ad revenue, and on top of that of course, we were asked about the digital spectre du jour is ChatGPT and what it might mean for publishers. In terms of competition, the business of digital media has always been governed by paradoxes. The barriers to entry are much lower than print or broadcast media, which has led to intense competition. Some refer to this as the attention economy. The idea that content in the broadest sense is no longer scarce with easy access to an endless supply of music, movies, TV, news updates, long-form journalism, video […]

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Vikram Thaploo The performance of almost all industries is significantly impacted by digital transformation, and healthcare is no exception. Today, it is crucial for the healthcare sector to offer better patient care digitally, irrespective of where the patient is located. Generally speaking, the adoption of cutting-edge technologies targeted at enhancing work efficiency in hospitals and elevating patient care to a whole new level is what digital transformation in the healthcare business is all about. In fact, there are a growing number of opportunities that appear today in the branch of digital transformation in the healthcare industry and in diagnostics. The increased digitization of healthcare in India is being stimulated by government initiatives, cost savings and innovations in technology. It is also being propelled by the need to enhance clinical outcomes and efficiency and improve communications among healthcare providers, patients and payers. Cloud-enabled data management platforms, Telemedicine, artificial intelligence (AI) assisted medical devices and Blockchain for electronic health records are some examples of digital transformation in healthcare. Healthcare Providers Accelerating Digital Investments to Meet Improve Operational Efficiencies and Patient Experience According to a recent analysis by Frost & Sullivan, the healthcare sector’s enhanced focus on meeting the ‘Quadruple Aim’ of […]

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WALLDORF & MUNICH — SAP SE (NYSE: SAP) today announced that BMW Group will expand its strategic partnership with SAP to accelerate its digital transformation. On January 25, 2023, this was sealed by both companies. Using the RISE with SAP solution, BMW Group will move its entire SAP software landscape. The company will merge its cloud strategy with its existing SAP S/4HANA systems, allowing for joint innovation for critical business areas, including finance, parts supply, warehousing, supply chain and production. This will help BMW Group to digitalize faster, more comprehensively and more efficiently in the future. Expanding a Long-Standing Strategic Partnership BMW Group and SAP look back on a long-standing strategic partnership. As part of RISE with SAP, BMW Group will have access to a cloud platform for end-to-end business processes. Alexander Buresch, CIO and Senior Vice President, BMW Group IT, said: “This strategic decision will help us to drive our digitalization leadership even faster forward. We are increasing the flexibility of our infrastructure and creating maximum global scalability. And most importantly, it allows us to bring business innovations to our customers and users much faster than before. That’s why I’m very much looking forward to the next steps […]

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Generative artificial intelligence (AI) tools, such as ChatGPT, will play a significant role in the digital transformation of the insurance industry, according to COVU. COVU, an AI-enabled digital platform for insurance agencies, has released an executive forecast on the industry shift toward using generative AI tools to help insurance agencies streamline operation, customer service and cross-selling opportunities. The insurance platform was founded by insurance industry veterans Ali Safavi and Tasos Chatzimichailidis with the goal of helping independent insurance agents and carriers better manage risk and make smarter insurance decisions through AI-driven policy recommendations, business services and sales support. The InsurTech’s team of insurance, finance and technology innovators believe AI tools such as Chat GPT, built by OpenAI, will be a factor in the digital transformation of the insurance industry in the year ahead. According to COVU, these tools have the potential to reduce customer service costs by up to 30%, which could save insurance agencies millions of dollars. When adding in the use of AI tools, agents can reduce the time spent on administrative tasks, boost targeted marketing efforts and uncover more sales opportunities quickly. Powered by AI and machine learning (ML), OpenAI’s platform automates routine tasks such as […]

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Businesspeople having conversation, while on the way to a meeting, in modern office space With more businesses in West Africa adopting cloud technologies than ever before, the region is set to enhance its competitiveness significantly. Following years of disruption, and hampered by a lack of legacy investment into technology, West African businesses now have an opportunity to leapfrog tech adoption and leverage the cloud for rapid growth and success. Titilayo Adewumi, Managing Director at SAP West Africa, says: “Companies across the region are adopting cloud to achieve greater scalability, improve their data and analytics capabilities, drive innovation and build greater resilience. A huge part of our success in supporting the region’s digital transformation efforts is our close collaboration with expert partners that continuously find new ways to innovate.” Digitalization a huge opportunity The World Bank recently noted that digitalization is one of the most transformational opportunities of our time , highlighting its role in alleviating poverty and boosting shared prosperity in West Africa. In light of this, cloud technologies offer tremendous benefits to organizations in the region. These include lowering the total cost of ownership of technology capabilities, achieving faster deployment cycles, automating manual processes to boost efficiency, enabling […]

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High energy costs, broken supply chains, and rising raw material prices continue to pose new challenges to business. To remain competitive, companies need to take steps to increase their efficiency and contain energy costs, which in turn will lead to a reduction in their carbon footprint. High-tech solutions in this area will be presented at Hannover Fair — the world’s leading industrial trade fair, and the only event to centrally showcase the interaction of leading companies from the mechanical engineering, electrical and digital industries as well as the energy sector. “At the upcoming Hannover Fair, we will be able to witness the new products and substantial innovations with which our exhibitors are tackling several different crises. In April, they will be presenting highly specific solutions for greater efficiency to counter climate change and enable CO²-neutral production. Digitization, artificial intelligence and hydrogen play a prominent role here,” said Dr. Jochen Köckler, Chairman of the Managing Board at Deutsche Messe. “Due to their high level of innovation, companies from the drive and fluid technology sectors have traditionally been among the biggest and most sustainable drivers of innovation at Hannover Fair.” And indeed, the transformation of drive technology and fluid power is […]

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Every $1 dollar of Information Communication Technology (ICT) investment drives $13 dollars in GDP output. That’s why investing in digital infrastructure is so important everywhere, including the Asia-Pacific — much of which struggles with hard-to-traverse geography. Digitalisation and digital infrastructure present significant opportunities for enfranchising communities and acting on climate change. Infrastructure is at the heart of the global digital transformation. Developing digital infrastructure is critical for growth and improving the lives of people everywhere. Information Communication Technology (ICT) infrastructure has now evolved beyond simply connection and computing, forming an ecosystem driven by Artificial Intelligence (AI), data and green technology — the Digital First Economy (DFE). DFE performance has a clear multiplier effect on GDP growth. A one-point increase in the DFE score correlates with a 3% growth in GDP . Every $1 dollar of ICT investment drives $13 dollars in GDP output. Have you read? The Asia-Pacific is ripe with opportunities for digital transformation. By 2030, Southeast Asia’s internet economy is forecasted to reach $1 trillion, driven by a fast-growing base of digital consumers and applications. South Asian countries are embracing digitisation widely and strategically. The Asia-Pacific is ripe with opportunities for digital transformation. Image: Huawei, IDC As […]

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This second annual event will take a deep dive into the need for effective cybersecurity to keep up with the increasing pace of digital transformation within the industrial automation field. It will explore the development of a smart manufacturing center of excellence that targets the digital landscape as it continues to evolve. This event will provide a platform for sharing ideas and solutions to address the unfolding issues that are the result of rapid technological growth of critical infrastructures across multiple industries in such as oil/gas, chemical, water, and power generation. Who Should Attend? IT/OT technicians Engineers focused on cybersecurity Automation and control engineers Managers of plants Automation systems design engineers ​Project managers Sponsorship Opportunities Multiple sponsorship and exhibit opportunities are available for each ISA conference. View our sponsorship prospectus for more details and contact one of our sales representatives to secure your sponsorship package today. Get the Latest Updates Bookmark this page and check back often for the latest updates on this event. Sign up to receive ISA events emails to get the latest news on all of our conferences and webinars.

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Ben Tamblyn, VP & Chief Communications Officer, Nintex; Nischay Mittal, Partner & Global Head, Zinnov; Prankur Sharma, Principal, Zinnov; Anmay Shahlot, Project Lead, Zinnov, Aayra Angrish, Consultant, Zinnov The public sector has traditionally relied on paper-based processes that are time-consuming and prone to human error. To optimize time and overcome this problem, Digitization helps transform existing processes by building process efficiency, increasing customer satisfaction levels, and improving team collaborations, among other things. In essence, government digital transformation is being bolstered by Intelligent Automation , specifically Robotic Process Automation (RPA), which is enabling advanced accuracy and transparency in the public sector service delivery and performance. Intelligent Automation Accelerating Government Digital Transformation In Public Sector Services Modern technologies like RPA and Intelligent Document Processing (IDP) can help governments solve larger policy concerns such as financial aid disbursal and vaccine administration. They also help boost economic productivity and growth by helping governments track every change in their systems creating a new level of transparency. A great case in point is the US Small Business Administration automating the disbursal of financial aid to citizens, in the wake of the pandemic in 2020. This step, reduced the time taken for Data Management by up […]

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MicroStockHub/Getty Images The IT Modernization Mission Change is seldom easy. Yet for government and public sector executives, the need to modernize has never been greater, as there is a growing digital divide between constituent expectations and what many governments can offer. The COVID-19 pandemic shifted the dynamic when it came to the digital imperative for government. More than ever, citizens are demanding a more connected government with integrated services, relevant experiences and self-driven service connection. Whether it’s paying taxes online or applying for benefits anytime and anywhere with the ease experienced in other aspects of their lives, citizens are seeking a government that is as modern as the technology they use in their daily lives. A failure to move forward with modernization efforts will only lead to a decline in government agencies’ ability to deliver services and potentially reinforce the prevailing view of government as inefficient, out of touch and ambivalent to the needs of its constituents. Today, some agencies are relying on legacy systems running programs that are more than a quarter century old and can no longer be supported or updated. Converting systems and applications of that age, scale and complexity to modern cloud-based solutions is difficult. […]

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