Market Watch

HDFC Bank, India’s largest private sector bank, is partnering with Microsoft in the next phase of its digital transformation journey and unlocking business value by transforming the application portfolio, modernizing the data landscape and securing the enterprise with Microsoft Cloud. HDFC Bank as a part of its Future Ready strategy is developing in house IPs as well as partnering with several companies including FinTechs’ to co -create technology IPs. HDFC Bank as a part of its Future Ready strategy is developing in house IPs as well as partnering with several companies including FinTechs’ to co -create technology IPs. The bank will leverage Microsoft Azure to consolidate and modernize its enterprise data landscape through a Federated Data Lake to scale its information management capabilities across enterprise reporting, and advanced analytics using artificial intelligence. Built on Microsoft Azure stack, the solution will enable the bank to democratize and monetize its data landscape catering to several business units, spanning multiple systems, reports and processes. The solution powered by its unified architecture, collaborative engineering environment, industry-leading security and ecosystem of AI/ML based deep learning capabilities. Important takeaways for all competitive exams:

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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: I would like to register for/download the following additional webinars/whitepapers: Webinar: Enable your critical clinical supply chain with real-time and reactive visibility On-Demand Webinar: How SSM Health used AI to navigate operational shockwaves with agility On-Demand Webinar: Strategies for Orthopedic Revenue Growth in Your ASC Whitepaper: Innovation in the ED The 3 steps South Shore Hospital took to better manage high-risk patients Whitepaper: Humanizing healthcare: Fighting burnout and bringing joy back to medicine

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Companies focused on digital transformation can side-step the cloud skills shortage by looking within their company to develop existing staff. Cloud computing — the on-demand delivery of IT resources over the internet — is powering an increasing number of experiences today, big and small. For organizations, the cloud is redefining how they can conduct business with unprecedented speed and agility. But there’s just one problem: a massive shortage of cloud-skilled workers to make it all happen. While Gartner predicts global public cloud spending will grow 22% this year to $482 billion, the ongoing surge finds organizations lacking the IT talent to meet their cloud goals. In fact, 85% of organizations report deficits in cloud expertise. If digital transformation (DX) is on your plate, you have a few staffing options. One is to address that need through hiring. But that will cost you, in both higher salary requirements for the shallow pool of skilled cloud talent, and relatedly, through delays to your business objectives. A second option exists, which has a higher return on investment. That is to look within and develop your existing staff. Doing so can help you meet your cloud goals more quickly, and with the added […]

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Davos 2023 Digitization can derive value from data and solve global problems when done properly. Crowdsource Innovation Unprecedented and recent challenges have hindered the world’s ongoing fight against long-standing problems, such as climate change. Digitization and harnessing data can provide solutions to global problems more quickly and effectively than before. Many organizations lack the know-how to create value from disparate pockets of data and a new collaborative and "data first" mentality needs to take hold. The world is at a critical inflexion point. We are in a time of heightened geopolitical, societal, environmental and economic uncertainty. The war in Ukraine upended the world’s fragile economic recovery from the pandemic and has driven up energy prices, which could hinder global efforts to deal with the climate emergency. But as these forces collide to create unique challenges, we have also seen a fundamental shift in the digital world that offers opportunities to solve societal problems and advance human progress. We are in the midst of the transition from a centralized to a decentralized age of digitization, where intelligent and networked devices, machines, buildings and infrastructures generate unprecedented amounts of decentralized data rather than in a central data centre. This data holds […]

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The digital processing platform will digitalise, streamline and fully automate processing for the Lloyd’s and London market and is a crucial part of Blueprint Two, bringing ‘enormous benefit’, IUA chief says International Underwriting Association chief executive says 2023 will be ‘hugely significant’ in London’s ambition to be the world’s first digital market Not ready to subscribe just yet? Sign up to receive a curated selection of our latest articles in your inbox for a trial period. Dave Matcham, chief executive of the International Underwriting Association

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Summary Chevron Phillips Chemical (CPChem) uses advanced analytics software Seeq to make better data-based decisions, enabling a data-driven culture. At the Seeq Conneqt conference, Brent Railey, Manager of Data Science at CPChem, described how Seeq enabled a cultural shift at the company. CPChem was able to use Seeq to digitally transform the organization by improving collaboration and problem-solving to make faster data-based decisions. CPChem’s digital foundation team used the Seeq platform to help them view and understand the value of data and to enable their digital transformation, setting a foundation for CPChem’s digital transformation team. The software helped create a common framework for interacting with data across CPChem’s sites, and enabled collaboration across the organization. Seeq’s intuitive user design helped make adoption quick and time to insights faster. CPChem was able to solve problems that they could not solve before using Seeq. The Influence of Culture Chevron Phillips Chemical was established in 2000, as a joint venture between Chevron and Phillips 66. In 2000, when Chevron and Phillips combined their chemical business, the management style for each company was quite different. “Cultural differences exist in every organization, and culture is the invisible influence that drives behavior,” Mr. Railey told […]

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When healthcare organizations can effectively leverage and maximize their electronic health record (EHR), they can better support digital transformation initiatives. Healthcare consumers live in an on-demand world and expect access to their healthcare data. To meet these expectations, healthcare organizations are working to modernize electronic health records (EHRs), Indian Health Service (IHS) is following suit, and Leidos is transforming access to improved healthcare for American Indian and Alaska Native tribes . A HIMSS Market Insights survey conducted in February 2022 revealed that 99% of respondents believe EHR platforms are very or extremely essential to achieving digital transformation.1 Investments in EHRs across multiple platforms have been steadily rising during the past 20 years. Now the focus is on modernization and consolidation – and the same is true for patients across Indian Country. Develop a strategy to maximize investment Thinking proactively about the management of EHRs will be critical to achieving digital transformation, according to Mike Jackman, Chief Operating Officer, Health Group, Leidos. “Healthcare organizations need to ensure they have the right people, processes, and training in place to support the technology,” he explained. “Personnel skilled in the platform, retention strategies to keep this knowledge within the organization, proper change management […]

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Schneider Electric earns recognition for advancing pay equity and fostering an inclusive and caring work environment BOSTON, Jan. 13, 2023 /PRNewswire/ — Schneider Electric , the leader in the digital transformation of energy management and automation, has been named as a Global Parity Alliance Diversity, Equity and Inclusion (DEI) Lighthouse for its Global Pay Equity (GPE) initiative, by the World Economic Forum’s (WEF) Centre for the New Economy and Society. Continue Reading This award recognizes Schneider Electric’s efforts to promote inclusion and care by advancing pay equity across all its offices. Schneider Electric’s Global Pay Equity initiative began in 2014 with pilots in 12 countries. Since then, it has been implemented in over 100 countries, reaching 99.6% of the company’s total workforce by the end of 2020. Schneider Electric earns recognition for advancing pay equity and fostering an inclusive and caring work environment Tweet this " It’s an honor to be recognized for our ongoing commitment to gender equity. We believe that an inclusive and caring company culture is key for creating a sustainable future. We want to bring a long-term positive impact for our people, our company, and our planet – and that can only be achieved by […]

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Blue Planet Studio via Getty Images CFOs facing economic headwinds as 2023 begins are keeping their focus on costs, looking to reduce discretionary spending as a potential recession continues to loom. This does not mean initiatives like digital transformation have fallen by the wayside, however: CFOs continue to view digital transformation as strategically important for their businesses. “Irrespective of what’s going on, it’s something that has to happen and still remains a priority,” said Marko Horvat, VP, research for Gartner, regarding how finance leaders are thinking about such initiatives. A recent study by Gartner found planning and sequencing finance transformation as well as setting a finance technology strategy roadmap were both among the top ten priorities for CFOs moving into 2023. But finance leaders are still facing challenges when it comes to moving forward with their digital transformation initiatives. There are definitely some cost and spending pressures associated with digital transformation, Horvat said. The “big challenge with CFOs is justifying the digital investments,” he said. “So how do you measure the digital return on what you’re getting?” Recession and tech spending trends A coming recession could change finance leaders’ strategies when it comes to digital investments or tech spending. […]

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VIETNAM, January 14 – HÀ NỘI — The Vietnamese Government has asked ministries and localities to focus on promoting the development of digital finance and digital economy in 2023. Accordingly, the institutions, mechanisms, policies and legal framework would be improved to accelerate the national digital transformation with a focus on developing human resources and ensuring information security. The digital platforms and national databases would be integrated to improve the efficiency in management and handling of administrative procedures. Non-cash payments for social allowance, pension and social insurance allowance would be promoted while the national population database would be improved and used to identify customers and authenticate bank accounts. Digital transformation must also be strengthened at corporations and small and medium-sized enterprises. In the context that global growth momentum losing steam, the Government is looking for new growth drivers, one of which is developing the digital economy. Recently, the Government has raised drastic measures to promote the development of the digital economy. The Government issued a strategy for developing e-Government toward digital Government, the national strategy about developing digital economy and society, and the programme about national digital transformation to 2025 with a vision to 2030. The latest edition of the […]

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