Market Watch

By Juliet Umeh Global leader in industrial software, AVEVA, has been acquired by a leading global industrial company specializing in digital automation and energy management, Schneider Electric. According to both companies, the acquisition will enable a holistic approach to digital transformation across a customer’s operations. They drive step-change improvements through a reduction in energy, carbon and resource intensity, accelerating customer journeys of efficiency and sustainability. CEO of AVEVA, Mr. Peter Herweck, said: “The needs of the industrial world are becoming ever more complex. But the opportunities to create competitive advantage, value and sustainability through digital transformation have never been more compelling. “We are now optimally placed, with the collaboration not just of Schneider Electric but all its partners, to drive innovation, change and value for its customers. The last 50 years for us have been incredibly exciting. “Thank you to all of the stakeholders who have been part of the journey so far in creating a global leader in industrial software and data. I’m convinced that through continued investment and transformation, the best is yet to come.” Also, Chairman of the company, Philip Aiken, said: “It has been a pleasure to Chair this company over the last decade, as […]

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By continuing to use this site you consent to the use of cookies on your device as described in our Cookie Policy unless you have disabled them. You can change your Cookie Settings at any time but parts of our site will not function correctly without them. Strap: ‘We have trained over 58,000 people in data analytics and artificial intelligence so far,’ says Sanjay Srivastava, Chief Digital Strategist, Genpact Sanjay Srivastava, Chief Digital Strategist, Genpact Global professional services firm Genpact, which reported total revenue of $1.11 billion in Q3FY24, has generated $510 million from its Data-Tech-AI services segment. Sanjay Srivastava, Chief Digital Strategist, Genpact in an interview with Sourabh Lele says the company has trained over 58,000 people in data analytics and artificial intelligence so far. Here are some edited excerpts from the interview: Key stories on business-standard.com are available to premium subscribers only. Already a premium subscriber? LOGIN NOW SUBSCRIBE TO INSIGHTS Subscribe to Business Standard Premium Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more! Latest News MOST POPULAR

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CIGNEX, Excellerent merge with Relevance Lab to form a global powerhouse in digital transformation & cloud services Bangalore (Karnataka)/ Delhi/ Ahmedabad (Gujarat) [India], January 25 (ANI/GPRC): CIGNEX , and Excellerent today announced their merger with Relevance Lab , to become a global powerhouse in offering digital transformation and cloud services . With this merger, Relevance Lab , headquartered in Singapore, will have delivery presence across North America, India and Ethiopia and a global headcount of 1500+ employees. While Relevance Lab excels in DevOps/Automation on Infrastructure, Applications and Data, CIGNEX is a leader in Open-Source Technologies and Cloud that are used to engineer/deploy digital transformation s & robotic process automation applications; and Excellerent , besides its Agile Engineering prowess, provides a unique differentiator with its development center in Ethiopia. The merger provides the platform to have economies of scale to have an integrated approach to address all the dimensions of digital transformation from its global development centers. The shareholders of CIGNEX and Excellerent rolled up their shares into Relevance Lab on a share swap basis. The incumbent management of the respective companies will continue to scale the firm in their new roles under the leadership of the new CEO. With […]

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The latest edition of the annual Pulse of Retail report, exploring the strategies of leading retailers for the upcoming year, has been released. According to the research, the top technologies in “launch phase” are centered around customer experiences, with 87% of retailers focusing on this area during 2023. Additionally, the survey found that composable architectures are important for 91% of respondents. This suggests that retailers are recognising the need for flexibility and scalability in their technology systems, in order to quickly adapt to changing customer needs and market trends. The survey also found that transitioning from legacy to next generation Point of Sale (POS) systems are important for 79% of retailers. This indicates a growing awareness of the need for modern, efficient technology to improve the in-store customer experience and drive sales. However, the survey revealed that just 11% of retailers currently offer a frictionless omnichannel experience, where customers can seamlessly transition from shopping online to in-store, and vice versa. This suggests that there is still significant room for growth and improvement in this area, and many retailers have yet to fully capitalise on the benefits of an integrated online and in-store experience. Commenting on the report, Mercaux Co-Founder […]

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P rivately owned automotive retail group, Harwoods , has launched an e-commerce solution as part of its digital transformation project led by the UK team of global digital agency, DEPT®. DEPT ® has launched the first e-commerce site for Harwoods – the trusted retail partner of luxury car manufacturers including Aston Martin, Bentley, Jaguar, Land Rover and McLaren – to compete with disruptive, online-only dealerships. The established automotive retailer appointed DEPT® as its strategic digital transformation partner in 2020 to accelerate digital transformation and help it move to a hybrid business model. Harwoods CEO, Archie Harwood said: “We’re proud to have brought the prestige of the Harwoods brand customers have appreciated since 1931 into the future, empowering all types of customers to buy a car the way they want to.” DEPT® created a solution that not only opens a new sales channel for Harwoods but also sets a new standard for digital car buying, streamlining an end-to-end purchasing experience in as little as five minutes flat. The intuitive online experience puts the consumer in the driver’s seat. Letting them cruise through the process with a personalised interface and simplified journey, as well as transparent and easy-to-follow pages, pre-filled forms, […]

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HOLMDEL, N.J., Jan. 25, 2023 /PRNewswire/ — Vonage , a global leader in cloud communications helping businesses accelerate their digital transformation, has been awarded two Juniper Research 2023 Future Digital Awards for Telco Innovation . The Company received the Platinum award for CPaaS Provider of the Year and the Gold award for Best Conversational Commerce Solution. The Future Digital Awards recognize challengers and disruptors and are given to companies that have made a significant contribution to their industry and are poised to make considerable market impact in the future. Continue Reading Vonage solutions are turning the transactions of the past into real-time conversations across every channel, every day. Tweet this "At Vonage, we are committed to partnering with our customers to create personalized, meaningful connections that drive engagement and build loyalty," said Savinay Berry, Executive Vice President, Product & Engineering for Vonage. "With our communications APIs and conversational commerce solution, our customers are turning the notifications and transactions of the past into real-time, personal conversations across every channel, every day." Added Berry, "We are honored to be recognized by Juniper Research for this ongoing commitment and dedication to our customers’ success." Vonage Communications APIs enable businesses and developers to […]

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Robert Fenton is the founder and CEO of Qualio , a cloud-based quality management system (eQMS) for life sciences teams. getty The start of a new year is often a time for reflection. However, looking forward is just as important—particularly in an industry as ever-changing as life science. As the effects of Covid-19 begin to loosen their grip, fresh headwinds should start to emerge. I see a year of both challenge and opportunity ahead as life science companies look to strike a delicate balance between innovation and speed on one hand and the realities of an economic downturn on the other. I see four key things happening in 2023. Those Who Collaborate Win In 2023 I previously wrote about how connectedness and interdependence would be the prevailing trend for successful life science companies in the 2020s. The shift in the economic environment since then with rising interest rates, runaway inflation and a steady teeter toward recession has only strengthened this impulse. New and emerging startups and scale-ups in 2023 simply won’t have the resources or capital to own the entire life cycles of their life-saving products. Outsourcing, collaboration and smart supplier onboarding (from clinical trials to raw materials) will […]

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TREVOSE, Pa., Jan. 25, 2023 /PRNewswire/ — Veolia Water Technologies & Solutions announced today a collaboration with OLI Systems , a leader in water chemistry-based process simulation and electrolyte thermodynamics, to optimize operating performance in the refining and petrochemical industries through the use of OLI’s innovative cloud platform that delivers actionable insights to operations teams. Continue Reading LoSalt powered by OLI Technologies OLI’s deep understanding of electrolyte-intensive applications in refining, like crude distillation units, FCC, Hydroprocessing, Sour Water Stripping, and HF Alkylation, is informed by a comprehensive chemistry property database, rigorous thermodynamic models, and an expert team of water chemistry professionals, including scientists and engineers. With the new collaboration, OLI will work with Veolia to bring these leading capabilities to Veolia field engineers and experts in refining and petrochemicals to improve the efficiency and effectiveness of chemical treatment programs by successfully addressing process diagnostics and asset integrity concerns. "Veolia has a broad portfolio of solutions for the refining industry, and this collaboration with OLI will allow us to provide our customers with a consultative offering to provide enhanced diagnostics, system optimization, and alternative treatments. OLI’s rigorous and accurate electrolyte chemistry insights nicely complement our expertise in end-to-end management of […]

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A new survey of 1,300 CIOs and senior DevOps managers in large organizations finds it’s getting harder for IT teams to maintain software reliability and security amid the rapid acceleration of digital transformation and rising complexity of cloud-native environments. The study from Dynatrace finds 90 percent of organizations say their digital transformation has accelerated in the past 12 months. 78 percent of organizations deploy software updates into production every 12 hours or less, and 54 percent say they do so at least once every two hours. However DevOps teams spend 31 percent of their time on manual tasks involving detecting code quality issues and vulnerabilities, reducing the time spent on innovation. In addition 55 percent of organizations make tradeoffs between quality, security, and user experience in order to meet the need for rapid transformation. "It’s difficult for teams to accelerate the pace of innovation while also maintaining the highest quality and security standards," says Bernd Greifeneder, founder and chief technology officer at Dynatrace. "More frequent software deployments, combined with complex cloud-native architectures, make it easier for errors and vulnerabilities to escape into production where they impact customer experience and create risk. There simply aren’t enough hours in the day […]

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Goldman Sachs has historically thought about the technology function within the company a bit differently than most. This has been reflected in the choices of chief information officers that the company has chosen, which have included Martin Chavez, who held a PhD in Medical Information Sciences and would go on to become the chief financial officer of the company as well as George Lee, who was a Partner and Co-Head of Global Technology, Media and Telecom Banking prior to become CIO. He is currently the Co-Head of Applied Innovation at the company. The incumbent is Marco Argenti, who joined the firm as a Partner as well as CIO in 2019. He joined the company after spending six years as a Vice President of Technology at Amazon. One might think that trading in a plum role at perhaps the world’s premier technology company for an institution that was founded in 1869 might not seem like the obvious choice, despite Goldman’s prestigious brand, but Argenti notes that his only worry was that his new employer might be too successful to embrace change. “That was my biggest worry coming in: I’m not going in for a turnaround because Goldman Sachs is extremely […]

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