Market Watch

Emma Okonji Cisco, a network technology solution provider and its partner, Arravo, have stressed the need for small and large scale businesses to optimise their application experiences with Cisco’s ‘Full-Stack Obsevability’ solution that would enhance accelerated digital transformation. At a one day workshop organised for businesses, which held in Lagos last week, the Country Director for Cisco Nigeria, Mr. Sebastine Nzeadibe, said as a pioneer technology company, Cisco would continue to build network infrastructure for large enterprise and small businesses like Small and Medium Enterprises (SMEs) that would enable them attain the full value of digital transformation. Nzeadibe said the Cisco Full-Stack Observability Solution was developed to identify challenges that could lead to downtime in business. According to him, once the challenge is identified by the solution, it will be quickly fixed before any escalation. “The Cisco ‘Full-Stack Observability’ solution is an end-to-end solution that creates visibility to identify any threat in the system, especially in large scale network infrastructure with several networks like software application, hardware application, and the user interface, in order to solve immediate challenges. The solution is part of the solutions that are driving digital transformation “An unidentified challenge in a large scale network infrastructure […]

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Name: Darlene Williams Company: Rocket Software Job title: Senior Vice President and Chief Information Officer Date started current role: April 2022 Location: Waltham, Massachusetts As Chief Information Officer, Darlene Williams is responsible for developing and executing digital innovation transformation strategies essential to Rocket Software’s success. Williams has more than 20 years of experience in IT strategising and delivering large-scale business and technology transformations across multiple industries. She first joined Rocket Software in December 2021 as interim Chief Information Officer. Prior, Williams held technology leadership roles at Arisma Solutions LLC, serving large private equity firms. What was your first job? My first job was working for my dad at his food truck selling hot dogs, chips, and soda. Did you always want to work in IT? My first job out of college was with Xerox, a technology company. I find technology interesting. All of my jobs – across a variety of industries – have entailed a technology component. What was your education? Do you hold any certifications? What are they? I received my bachelor’s degree in business from Florida State University and an MBA in business administration from Nova Southeastern University. I hold a number of certifications, including: Prosci Methodology […]

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Vasudevan Swaminathan is the founder and CEO of Zuci Systems — a software firm specializing in digital transformation solutions. getty In his sci-fi novel Snow Crash , Neal Stephenson introduced the word “metaverse” all the way back in 1992. In the novel, the metaverse is a computer-generated universe for its protagonist Hiro, amplified by his goggles and headsets. And ever since Facebook changed its name to Meta and CEO Mark Zuckerberg effectively bet his company’s future on the metaverse, the hullabaloo surrounding the term only seems to be increasing daily. But what is the metaverse? The Covid-19 pandemic forced many of us to work from home, taking part in meetings via Zoom and interacting will our colleagues over Slack. But what if we can create a more immersive world? A world where we can teleport ourselves somewhere to interact with our friends, family and colleagues without physically being present there? Imagine being able to work, learn, play, shop, create and do so many other things that we cannot do just using our computers and mobile phones. I believe the next version of the internet will offer these experiences in a combined virtual space that is the metaverse. Now, metaverse […]

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Brandon Doyle CEO and Founding Partner of Convergence Partners Johannesburg, South Africa – Convergence Partners, the leading private equity investor dedicated to the technology sector across sub-Saharan Africa, is proud to announce the successful closing of its Convergence Partners Digital Infrastructure Fund (CPDIF) at $296 million, surpassing its initial target by over 18%. This achievement is despite subdued private capital fundraising on the Continent in 2022. The recent close of CPDIF marks a significant milestone for the company, as it represents Convergence Partners’ largest fund to date, bringing total funds under management to more than $600m. The close was backed by a combination of existing and new investors comprising leading global and regional development finance institutions (DFIs), pension funds and financial institutions based in Europe and Africa. CPDIF was launched in June 2020 and had a first close of $120m in July 2021. The Fund is focused on investing in digital infrastructure opportunities across sub-Saharan Africa. This includes investments in fibre networks, data centres, wireless, towers, cloud, Internet of Things (IoT), artificial intelligence (AI) and other critical digital infrastructure that is vital for the growth of the digital economy in the region. In addition to investing in physical assets, […]

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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 Digital First Economy hinges upon data, AI and the green transition. Image: […]

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Davies, a specialist professional services and technology business, serving insurance and highly regulated markets, has acquired MVP Advisory Group, LLC, the consulting business specialising in advisory & transformation projects for the property & casualty and life & health insurance markets. Following the acquisition, MVP will join Davies’ global Consulting division led by Consulting & Technology CEO, Mark Grocott. Sherman & Company advised MVP on the transaction. At the same time, Managing Partners of MVP, Russ Bostick & Donn Vucovich will continue to lead the business. All MVP employees will also continue to serve in their roles within Davies whilst continuing to work closely with MVP’s existing contractor network of subject matter experts. With headquarters in Chicago, Illinois, MVP’s insurance & technology specialists manage projects in all areas of insurance, including underwriting, policy administration, claims management, client experience, finance, compliance, data warehousing, data, analytics, human resources, and information technology. By creating partnerships which complement and leverage each client’s existing capabilities, MVP provides deep expertise, including transformational roadmaps, programme management, quality assurance, data management, and analytic and digital transformation and engagement. Over the last few years, Davies has diversified and deepened its consulting & technology capability to provide customer experience, resourcing […]

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iStockgorodenkoff Kingston Economic Development has announced that the funding portal for the $2,500 Digital Main Street Digital Transformation Grant has reopened until September 30th, 2023, or until all funds are exhausted. The Digital Transformation Grant aims to provide brick-and-mortar small businesses with funding and expertise needed to digitally enhance their business. The grant has helped many Kingston area businesses establish or expand their digital presence with new or updated websites, stronger social media presence, e-commerce stores, and point-of-sale systems. In addition, businesses get the chance to tap into the knowledge and expertise offered by their Digital Service Squad. "The Digital Main Street Ontario Grants Program is a vitally important and immensely valuable resource for small businesses," said Kay Matthews, Executive Director of OBIAA. "It is very clear that businesses who took advantage of the DMS program over the past four years are now positioned for a brighter, more optimistic and sustainable future. We look forward to equipping even more small businesses with the knowledge, resources, and training to revitalize their operations with an expanded digital presence." "We are happy to be able to continue our partnership with OBIAA to support Kingston’s main street businesses," says Rob Tamblyn, Business Development […]

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The founder of Silicon Valley VC firm Draper Associates feels global economic recovery will likely be L-shaped, with a long upward movement, like after the dotcom crash Tim Draper, founder of VC firm Draper Associates and a Silicon Valley investor, believes India has the potential to dominate the fintech, cryptocurrency, blockchain and smart contract markets if it fosters supportive policies, invests in world-class infrastructure and promotes entrepreneurship. During a recent visit to India for his show, ‘Meet The Drapers’, the third-generation venture capitalist who has invested in companies like Tesla, Baidu, Skype, Robinhood, SpaceX and Coinbase discussed with ET’s Vinod Mahanta on topics including the evolution of the Indian startup ecosystem, misgovernance in startups and why Indian regulators should change their views on crypto. Edited excerpts: The Indian government is all for banning cryptocurrency and is taxing it heavily. Should it change the mind on crypto? I believe that China, under President Xi, has decided to shut itself off from the world economy, and this presents a huge opportunity for India to position itself as a free and open country. However, if India were to eliminate or regulate cryptocurrencies with a heavy hand, I fear that they would lose […]

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(SBG San Antonio) SAN ANTONIO – Brick at Blue Star’s weekly Sunday market became the Dream Market Sunday, as part of Dreamweek. The Dream Market expands the weekly market to include more diverse merchants and new sellers in the community. Organizers say the event provides a launch pad for new businesses to take their first steps into entrepreneurship. "I think small business markets are important in general to help people you know sort of learn the tools of the trade how they can incrementally improve their businesses. And you know whether it’s just a passive form of income or something they’d like to be a primary source of income, just give them an economic way to approach their business where they can put as much creativity as they want as possible with less pressure from kinda outside more intimidating forces,” says Ann Enzminger, Event Producer at Brick.

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