Market Watch

Much like the willingness to spend exhibited in Financial Planning’s most recent tech survey , a new study from Broadridge Financial Solutions finds that most firms are still ready to make it rain when it comes to fintech. Broadridge’s 2023 Digital Transformation and Next-Gen Tech study finds that 57% of financial services firms agree that digital transformation is currently the most important strategic initiative for their company, and agree that falling behind will hurt their ability to attract and retain talent. And economic difficulties aside, organizations are also accelerating their funding of digital transformation initiatives as they anticipate further wide-scale adoption of new and more powerful technology. Firms now spend around 27% of their overall IT budgets on digital transformation compared to just 11% last year, according to the study. Beyond a belief that they need to transform, the study looks at what kind of technologies are seen as the biggest change drivers. Seventy-one percent of the 500 C-suite executives and their direct reports that took part in the study say artificial intelligence has significantly altered how they work, and Broadridge officials say more change is coming as AI’s capabilities expand. The study argues that established financial firms face […]

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Helping businesses run smoothly Moreover, according to the Deputy Minister, enterprises and entrepreneurs should have a pioneering role in digital transformation. Supported by the Ministry of Information and Communications, Base.vn is becoming an important platform for business administration and management in Vietnam during the digital transformation process. Base.vn develops a common platform to deploy customized applications for each business object according to the needs of each stage. This platform-based approach helps application businesses deploy applications quickly and cost-effectively, said Mr. Nguyen Phu Tien, Deputy Director of the Department of Information under the Ministry of Information and Communications. More than 7,000 businesses in many fields have chosen Base.vn to work more efficiently. Thereby, BASE Enterprise Company is evaluated as the No. 1 provider of enterprise management platforms in Vietnam today. Ms. Nguyen Phuong Tu, Deputy Director of Deployment at Base.vn, said that digital transformation is an innovation cycle with the process – technology – data, and human is the central factor. Ba Huan Company is also transforming digitally in the management and production process, applying the technology solutions of FPT. This company has digitized the 3F (Feed – Farm – Food) system serving the livestock and production chain using SAP […]

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A “data first” approach must become the “North Star” of digital transformation, according to Hewlett Packard Enterprise President and CEO Antonio Neri. In an article written for the World Economic Forum Annual Meeting, the HPE executive explores how, in his own words, organizations must align strategic, organizational, and technological choices with the overarching goal of leveraging data as a strategic asset. At a time when an enormous amount of decentralized data is being captured from numerous sources, including networked devices, machines, buildings, and infrastructures, unlocking its value offers opportunities for societal progress by using this data to take on geopolitical, economic, and environmental issues, said Neri. World governments are currently investing in data technologies, frameworks, and regulations in recognition of the transformative potential of data for economic and social progress, yet Neri believes many organizations are unprepared to capitalize on these opportunities. HPE conducted a recent survey of 8,600 executives that found the average organization’s data maturity score (the ability to create value from data) was only 2.6 on a five-point scale. Neri sees this as indicative of not only an inability to fully leverage data as a strategic asset, but also a lack of basic capabilities for doing […]

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Trichy: Indian Institute of Management-Trichy (IIM-T) inaugurated the first batch of the postgraduate certificate programme in digital transformation in partnership with TimesPro. The one-year programme equips professionals with the ability to understand digital technology from a managerial lens and develop skills to harness its benefits for an organization in today’s transforming world. Chief guest Balkrishna Singhania, head of digital at HDFC Life elaborated on how digital transformation is not limited to adopting digital tools and resources but includes how an organization digitally delivers value to its customers. He emphasized the role of digital technology in bringing legacy systems and apps to work in sync in the back end to transform existing business processes. He urged the students to learn and unlearn constantly to stay at pace with the emerging trends in digital technology. Nagendra Chowdary, TimesPro talked about the end-to-end digitalization of business processes and how digitalization is omnipresent in today’s world, irrespective of the industry. Jang Bahadur Singh, programme director told about how digital technology was changing expectations and emphasized the need for utilizing and reaping the benefits of digital tools.TNN

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Doha: Ministry of Communications and Information Technology (MCIT) is committed to support a strong and smart ICT sector leading to a knowledge-based economy and enhancing the competitiveness of the digital and technological industry sector in Qatar, said a senior official of the Ministry during an event. MCIT signed a memorandum of understanding (MoU) with HEC Paris in Qatar to enhance cooperation in supporting Qatar’s digital transformation at MCIT headquarters, yesterday. Under this MoU, the two parties will support strategic and national plans for the development of the digital sector, initiatives and methodologies that will support the initiatives of the Qatar Digital Government and the Smart Qatar Programme that aims to improve the quality of life of all citizens and residents of Qatar. The signing of the MoU comes within the framework of the Ministry’s tireless efforts to support sustainable development and digital transformation in line with Qatar National Vision 2030. Addressing the event, Assistant Undersecretary of Digital Society Development at MCIT, Reem Mohammed Al Mansoori said, “We are pleased to sign this MoU with HEC Paris, one of the world’s leading business schools, which comes within the framework of MCIT’s mechanisms and efforts aimed at developing and enhancing the […]

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This new partnership will enable Kanoo Travel to achieve greater control through seamless processes, reducing the operational costs and offering a best-in-class traveler experience at every touchpoint of the customer journey. Kanoo Travel , travel company in the MENA region, has started a new partnership with dcs plus , a global leading travel technology company. This investment will further enhance the technological infrastructure, strengthen Kanoo Travel’s operational activity and upgrade the services towards its impressive portfolio of customers. Kanoo Travel will power their operations with TINA, the travel ERP developed by dcs plus. TINA is one of the world’s most advanced web-based ERP systems for the travel industry and is favored by members of large global TMCs. With an operational footprint that spans over an extensive network of offices the Middle East, North Africa, and Europe, Kanoo Travel aims to achieve a greater control and efficiency through digitalization. This new partnership will enable Kanoo Travel to achieve greater control through seamless processes, reducing the operational costs and offering a best-in-class traveler experience at every touchpoint of the customer journey. Furthermore, Kanoo Travel will leverage the state-of-the-art technology from dcs plus to optimize business processes, utilizing smart analytics and data, […]

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LONDON, UNITED KINGDOM, January 26, 2023 / EINPresswire.com / — Open Medical is thrilled to announce an exciting new partnership with Tamer Group to deliver Open Medical’s award-winning, market-leading digital transformation solutions to the Kingdom of Saudi Arabia (KSA). Through this partnership, we are proud to be supporting the Kingdom on the healthcare transformation journey towards Vision 2030. Open Medical aims to support the forward-thinking visionaries of the KSA in their drive to redefine the quality and efficiency of healthcare. Throughout the entirety of the transformation journey, we collaborate with healthcare providers, payers, medical device and pharmaceutical organisations to create groundbreaking digital solutions. Open Medical’s best-in-breed platform, PathpointⓇ, provides tailored digital transformation solutions designed to enhance and streamline care across the healthcare ecosystem while reducing providers’ costs, and empower clinicians to deliver data-driven care for patients. To facilitate value-based care, Open Medical’s digital transformation solutions are fully interoperable and integrate seamlessly within healthcare ecosystems. The solutions encompass the entire patient experience and capture granular data throughout to boost efficiency, optimise resources utilisation, and improve patient outcomes and satisfaction, all whilst cutting providers’ costs. As the solutions are cloud-based, cross-team and cross-site communication and visibility is enhanced. The solutions can […]

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New research commissioned by Telstra shows 41 percent of UK technology leaders identify cybersecurity as an enabler of innovation within their organization. The fallout from the COVID-19 pandemic has seen unprecedented levels of digital transformation. At the same time though an ever-evolving threat landscape means that security risks are on the rise, leaving organizations facing the difficult task of balancing rapid digitization with security. The survey, of 301 senior technology decision-makers in the UK, identifies cybersecurity solutions (22 percent) as the most important factor affecting business transformation, ahead of business processes (17 percent), employee commitment (16 percent), leadership focus/buy-in (14 percent) and external investment and funding (13 percent). The findings suggest that security is no longer an afterthought, but actually the first key step in digital transformation journeys. Rob Robinson, head of Telstra Purple EMEA, says: CISOs are continuously adapting to keep pace with the ever-changing threat landscape. Today, the evolution of the role means that CISOs now play a crucial part in shaping the security strategy of their organisation from within the board. The question now is how they can entrench security best practices and behaviours within the workforce in order to facilitate the digitisation that is required […]

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OpenText commissioned survey reports that B2B integration helps to improve the cost, efficiency, and visibility of supply chain operations A new IDC White Paper, sponsored by OpenText™ ( NASDAQ: OTEX ), ( TSX: OTEX ), unveils that one of the biggest gaps in supply chain efficiency is the adoption of modern, digital technologies. As the study suggests, those companies more progressed in their business-to-business (B2B) digital transformation journey outperform those less progressed in revenue, profit, customer satisfaction, and responsiveness rate. Survey highlights With the current levels of supply chain complexity, global reach and partner/supplier diversity, it has become clear that the ‘old’ ways of doing things do not work in today’s modern supply chain. This study demonstrates the resiliency of digital transformation in the supply chain, with over 78% of respondents reporting that B2B integration has improved the overall performance of their supply chains 1 . “B2B integration represents the backbone of a digital-first, resilient supply chain and should be a top priority for those companies that remain encumbered by manual paper-based processes.” said Simon Ellis, Program Vice President at IDC 2 . B2B integration is necessary for a resilient supply chain Although supply chain resiliency is critical in […]

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The last few years have shown businesses unimaginable lows and unprecedented highs. The challenges during this time have put business adaptability, flexibility and agility to extreme tests. And as we move further into 2023, these challenges show no signs of retraction. With economic experts signaling a recession , evolving CX trends and the tech sector harboring its own storms, marketing leaders and CMOs are eyeing a year of new challenges — and opportunities. But 2023, as bleak as it may seem from an economic perspective, has its own set of opportunities. And marketing leaders who are progressive enough to recognize and capitalize on these opportunities are more likely to earn big wins for their businesses. “In order to meet the enterprise mandate of driving growth amid continued disruption, CMOs must act decisively to prioritize their investments and their strategy for the year ahead”, said Ewan McIntyre, chief of research, Gartner Marketing practice . How Uncertainties Are Changing the Global IT Landscape Geopolitical and economic uncertainties have overhauled almost all areas of business operation. The IT sector has historically shown remarkable resilience and flexibility in the face of unprecedented challenges. But the global uncertainties have now got to the IT […]

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