Market Watch

67ae0b1ed75ce4cf2676c97a Dreamstime M 108237271 Feb. 14, 2025 New Revalize report reflects what industry is prioritizing, the challenges they’ll face, and what the future of the businesses might look like. What you’ll learn: The Revalize survey showed that adopting new technologies (36%), developing new products (29%), and improving data security and data protection (26%) are top goals for manufacturers in 2025. Manufacturing and engineering professionals are preparing for the workforce by upskilling existing talent (39%) and encouraging continuous learning (37%). Jacksonville, Florida-based CAD, CPQ, and PLM software vendor Revalize is out with new research showing that manufacturers seem to be off to a strong start in 2025 when it comes to growing and updating their production technology. Perhaps most notably, 70% of manufacturing professionals reported increased software budgets, and nearly all businesses plan to invest in Industrial IoT (IIoT) platforms, sustainable technologies, and cloud-based manufacturing in the coming year, according to the Revalize report, “Smart Manufacturing 2025: Trends Shaping the Digital-First Era and Beyond." What is your company doing about cybersecurity? The software vendor surveyed 500 CPQ, PLM, engineering modeling and simulation software decision-makers in the U.S. and Germany. Revalize’s report identifies three key themes where manufacturers will focus in […]

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Reading time: 4 min Link copied. facebook twitter whatsapp linkedin His origins His interest in science and technology led him to invent and patent the first steam engine to ventilate galleries and greatly improve mining productivity and safety. All this a century before James Watt (1769) patented his steam engine to revolutionise the transport and mobility of people and goods, a fundamental lever of the first industrial revolution. Technological developments such as these boosted the productivity of companies and increased the export and import of products and services. What is productivity? Productivity is nothing more than an economic measure that relates the products obtained and the resources used to obtain them. Without it, the performance and competitiveness of a company or economy cannot be understood. To measure it, labour productivity, which relates total output to the number of employees, productivity per hour worked, which relates total output per hours worked, and total factor productivity (TFP), which relates total output by the weighted sum of all factors, including labour, capital, any input and of course technology. This is the most comprehensive measure and reflects the total efficiency of all resources used. Relationship between productivity and digitalisation When implementing business processes […]

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Image: 06photo | Dreamstime.com WSP and Microsoft want to drive digital transformation in the built environment after agreeing a seven-year global strategic partnership. The agreement represents a potential combined financial commitment and investment of $1bn-plus. Under the terms of the partnership, WSP becomes Microsoft’s preferred consultant for engineering and science, while Microsoft becomes WSP’s preferred digital and AI transformation partner. The latter includes the roll out of Microsoft 365 Copilot to WSP staff globally. The two will work together to bring new digital products to market, which could include: AI-powered virtual experts that contribute to the advancement and modernisation of the engineering and science-based industry; unlocking clients’ knowledge assets to drive informed investment and risk mitigation strategies; and creating new design paradigms that drive at-scale acceleration of time-to-deliver in the asset lifecycle. Furthermore, the partnership will “increase the speed and scale at which Microsoft can deliver mission-critical facilities, such as data centres”, the pair stated. “We are immensely proud of this partnership with Microsoft as it sets an innovation milestone for WSP and our entire industry,” said Alexandre L’Heureux, president and chief executive of WSP. “This collaboration will allow us to push the boundaries of what’s possible, ensuring we […]

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Emily Weiss, senior managing director and global lead of Accenture’s Travel Industry Practice, explains how airlines can navigate an increasingly complex operational environment while meeting the changing expectations of customer In 2025, the global aviation industry is at a pivotal juncture, driven by the need to adapt to an ever-changing global landscape and underpinned by advancements in technology that is reshaping customer experiences, addressing operational challenges and helping to foster a future that’s both sustainable and innovative. Accenture’s research ‘ Charting Aviation’s Path to Reinvention’ uncovered five critical areas shaping the future of air travel, from developing new revenue streams and placing the customer at the centre of the aviation experience, to unlocking operational efficiency improvements, addressing the shift to a more sustainable industry and developing a future ready workforce. Let’s explore these five areas in more detail. Unlock New Revenue Streams Firstly, there is a need to develop new revenue streams to offset rising costs and lessen reliance on traditional sources of income. In today’s challenging economic environment, it is essential for airlines and airports to diversify their sources of revenue – traditional revenue streams such as ticket sales and landing fees are no longer sufficient. As such, […]

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Our eight predictions about digital technology for CFOs Coming off the success of our previous “Crunch time” reports, we’re now looking towards the future with eight predictions for the finance function of 2025. The technologies needed to reimagine finance are here and they will only get better. It’s crunch time. Finance 2025 : Our eight predictions Preparing for the future None of us knows for certain what the future will hold, but we all have a responsibility to be thinking about what’s likely to happen, and to prepare for it. In the finance function, that means working now to get the right people and technology in place to take advantage of the inevitable disruption ahead. That’s not likely to happen without a clear vision and strategy for finance in a digital world. Now is the time to step back and make sure your roadmap to that future is clear. With that in mind, below are eight predictions for finance in 2025, based on what finance leaders are doing and the technology available today. Once you’ve taken a glance through the predictions, consider: Downloading the full “Finance 2025” report to understand how each of these trends impacts finance work, finance […]

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Subscribe 3 min read To meet the demands of today’s consumers, enterprises must be continuously innovating. But innovation doesn’t happen in silos. Fintechs, for example, have been transformational for the financial services industry, from democratizing finance to establishing digital currencies that revolutionized the way that we think of money. As fintechs race to keep up with the needs of their customers and co-create with larger financial institutions, they can leverage AI and hybrid cloud solutions to drive true digital transformation and meet these evolving demands. How Dollarito is connecting larger financial institutions with financially underserved communities According to research from the US Government Accountability Office, roughly 45 million people lack credit scores because they don’t have certain data points that credit scores are based on, which limits their eligibility. Traditional credit report models use parameters such as the status of an active loan or credit card payment records to give an individual a credit score. If someone does not fit within these parameters, it can be difficult to procure a loan, take out a mortgage or even buy a car. However, with a more accurate model, such as one powered by AI, financial institutions can better identify applicants who […]

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Illustration by Sylvia Asuncion-Crabb The local news industry has been in turmoil for years. You’re probably aware that the number of local newspapers in the U.S. is shrinking, from 8,891 in 2005 to 5,591 in 2024, with 208 U.S. counties lacking any news outlets . You or someone you know has likely been among the 9,508 local and national news professionals laid off since 2021 . Fighting disinformation and trying to earn back the trust of your community is your day-to-day reality. Despite the challenges, there are success stories across the media landscape. There are newspapers that have more than doubled their number of digital subscribers in two years. There are broadcast TV stations that have revamped their coverage plans, including developing audience-focused mission statements to guide their work, resulting in new coverage topics and newsletter subscribers. And there are organizations that have owned up to the harm they’ve caused their communities and begun the process of reconciliation and rebuilding trust, listening to audiences of color and creating journalism for them, growing their audiences and creating new products to serve these communities. These accomplishments didn’t come quickly or easily. News organizations overhauled their workflows and learned new skills. They […]

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Generative AI will help tp make geospatial data more accessible and user-friendly Manish Jethwa, chief technology officer at Ordnance Survey (OS), looks at how AI will impact the world of geospatial data and why it has developed the responsible AI charter. Oh no, sadly you have viewed the maximum number of articles before we ask you to complete some basic details. Don’t worry, it’s free to register and won’t take you longer than 60 seconds! Join us Already a Member? Login or claim your subscriber account Remember Login Register | Reset Password

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Technology Magazine looks at some of the world leaders in RPA The RPA market sees evolution as leading tech providers integrate Gen AI, cloud computing and intelligent automation capabilities across the world Robotic Process Automation (RPA) has transformed from a niche technology into a cornerstone of enterprise digital transformation worldwide . Born from screen scraping and workflow automation tools in the early 2000s, RPA now leverages AI to automate complex business processes across finance, healthcare and manufacturing sectors. While the industry faces challenges around scalability and integration with legacy systems , adoption continues to accelerate as organisations seek to reduce operational costs and improve efficiency. Now, recent advances in Gen AI have opened new possibilities for intelligent automation , despite concerns about job displacement persisting – so Technology Magazine looks at some of the leading companies in this industry globally and what they’re doing. 10: Pega Pega is an AI-powered, low-code RPA platform for workflow automation CEO: Alan Trefler Headquarters: Cambridge, Massachusetts, USA Pegasystems (Pega) is an AI-powered workflow automation and customer engagement software company, aiming to simplify business complexities through low-code platforms and Gen AI. From expanding its Gen AI capabilities to integrate with AWS and Google Cloud’s […]

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Onyeka Nchege, Executive Vice President and Chief Digital and Information Officer at Novant Health, says his organization was an early adopter of artificial intelligence. With the rise of virtual care options and a growing range of digital access points, healthcare has taken notes from other industries to provide the services that patients have come to expect. Today, many patients can schedule appointments online and communicate with their physician through messages in a portal. Even as digital tools continue to improve access to care, human relationships remain paramount to success in the industry. Onyeka Nchege, executive vice president and chief digital and information officer at Winston-Salem, N.C.-based Novant Health , knows that well. With previous experiences as a leader in manufacturing, IT and nonprofit spaces, he understands where healthcare can stand out. “Our patients are counting on us to get it right the first time,” Nchege says. “Developing relationships and trust with key stakeholders, team members, the board — that’s all critical for collaborating on solutions and implementing what’s best for the organization as a whole, and not just for a single challenge.” Nchege discusses ongoing priorities for his team, strengthening cybersecurity and how his organization has approached the growth […]

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