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digital disruption News

Why digital transformation is about embracing change: Survey

For a company to survive, it needs to undergo a well-mapped process of digital transformation, according to a survey from Center for Creative Leadership and CorporateLeaders. The survey identifies key barriers that need to be overcome.

How businesses can survive digital disruptions

Surviving the types of digital disruptions that are impacting on every industry requires a robust strategy, according to industry commentator Raméz Baassiri. This is especially so when disruptions happen that are beyond control.

The new champions of digital disruption: Q&A Special

Infosys has released a new report, “The New Champions of Digital Disruption: Incumbent Organizations”, which seeks to understand the impact of digital disruption on incumbent, non-digitally native organizations. Anant Adya, Infosys SVP explains more.

Canada's retail sector falling behind in digital transformation

Toronto - New research from IDC Canada finds that Canadian executives need to embrace digital transformation and risk-taking to remain globally competitive, and the rate of adoption varies widely when it comes to major tech trends.

Five reasons why digital transformations fail

It’s easy to get blinded by digital transformation success stories, but often digital transformations fail, or become extended and extended without the core objectives ever being fully realized. We look at some key reasons.

Pharmaceuticals set for digital disruption

Digital transformation has affected many sectors of the economy, and this includes healthcare and related activities, such as new technologies. A new report signals some major changes coming for pharmaceuticals.

GE Transportation joins global blockchain consortium

GE Transportation has announced it's joining a cross-industry consortium that's looking for ways to use blockchain tech in logistics. The company will collaborate with other firms to utilise the blockchain in digital solutions for industry transformation.

Google announces new cloud APIs for healthcare services

Google's announced an expanded set of cloud services aimed at the healthcare sector. The company wants to organise medical data by addressing "significant" interoperability challenges. It will use AI and new analytics APIs to assist medical teams.

Banking regulators reluctant to act on 'hyped' fintech

Global banking regulators have indicated they're not rushing to introduce new fintech rules. A report from the Basel Committee on Banking Supervision has addressed the "hype" in fintech, comparing it to previous disruption in the financial industry.

Big data strategies disappoint with 85 percent failure rate

Big data projects aren't delivering the transformations companies had anticipated. 85% of all big data strategies are failing due to a combination of challenges, including the problems presented by legacy technologies and pre-existing corporate biases.

25% of small firms 'doing nothing' to defend against cyberthreats

Most small business owners feel "underprepared" to deal with cybersecurity threats, according to a study of digital trends published today. 25% of firms said they feel they're "doing nothing" to keep data secure, although digital adoption is growing.

Tenfold investment boom in digital transformation of energy firms

Investments in AI and big data within the energy sector are up tenfold over last year, according to a new report assessing technology's impact on the industry. Despite being constrained by their scale, energy companies are starting to digitally transform.

Cloud sales constrained by lack of digital skills

Sales of cloud services are being held back by a lack of skills, a report by intY has found. Over a third of platform resellers said they can't find sales staff with the expertise to sell cloud products. It's the latest sign of a lack of cloud resources.

'Widening gap' between digital transformation winners and losers

Global digital transformation investments will increase to $1.7tn by the end of 2019, up 42% from 2017. Enterprises are spending big on new tech as the race to transform heats up. However, there are concerns over the divide between leaders and laggards.

JPMorgan announces new payments network based on blockchain tech

JPMorgan has launched a new payment processing network that's based on blockchain technology. Financial organisations are making large investments into blockchain in the hope it can simplify some of the issues around traditional banking processes.

Microsoft Cloud puts healthcare in the classroom for Indian kids

A cloud app developed by a determined Indian doctor is helping millions of impoverished children to access healthcare. The app uses biomedical sensing technology and AI to generate a clinical-grade "health report card," based on responses to questions.

Firms allocate bigger IT budgets as interest in AI and IoT mounts

IT department budgets are set to increase in 2018 as firms dedicate resources to experimenting with AI and the Internet of Things. The drive towards the digital economy, automation and cloud-based analytics is leading businesses to prioritise IT spending.

Public cloud revenue to reach $260bn this year due to SaaS demand

The public cloud services market is expected to grow by 18.5% during 2017 to a total of $260bn. Market analysts Gartner said the increase is being led by "faster than expected" growth in SaaS and IaaS products, supplemented by growing confidence in PaaS.

Ford invests in start-up to create open-source mobility platform

Ford has invested in Silicon Valley start-up firm Autonomic Inc. The company's software provides services useful to autonomous ride-hailing businesses, including networked data streams between vehicles and operators. Ford will build open-source services.

Dell to invest $1 billion in the Internet of Things

Dell has announced a $1 billion commitment to the Internet of Things under a new strategy that will see the creation of a dedicated IoT division. The spending will be allocated over three years to research in connected edge devices and machine learning.

Chatbots to improve customer experience at banks

Chatbots could improve customer experience and increase efficiency within finance. The relative simplicity of creating and running chatbot services is making them a popular option. They can replace regular staff and offer users support as they need it.

Automation could take almost 40 percent of young workers' jobs

Automation could displace almost 40 percent of young workers over the next 15 years, according to research by PwC. People aged between 16 and 24 in the U.S. are the most at risk but there are also concerns over a lack of homegrown STEM talent in the UK.

Interview: How AI is revolutionising software maintenance

Artificial intelligence is transforming how programmers write and maintain their code. Developers are using AI to manage legacy software, allowing them to move forward and work on new projects.

Digital transformation spending to soar in 2018

85 percent of business executives will allocate up to a quarter of their total budget to digital transformation in 2018. Firms are spending record amounts on digital despite seeing variable results. Almost half of firms are still struggling to get ahead.

Microsoft CEO Nadella calls for AI to be built 'with empathy'

Microsoft CEO Satya Nadella has said AI must be built with empathy if companies are to avoid "unintended consequences" of using the technology. He expressed concerns that the first wave of AI has to be a "force for good" if the concept is to succeed.

Deutsche Bank open-sources code from its trading platform

Deutsche Bank has released over 150,000 lines of code from its Autobahn electronic trading platform. The company said the decision to open-source parts of the technology is intended to create a "common industry standard" for automated trading systems.

IMF head thinks cryptocurrencies might one day lead the economy

Cryptocurrencies like Bitcoin could displace central banks and the current banking system. The head of the International Monetary Fund, Christine Lagarde, has said virtual currencies should not be dismissed, explaining they might be the future.

80 percent of U.S. bank CEOs to invest in digital transformation

Almost 80 percent of U.S. banking CEOs are planning to invest in digital transformation over the next three years. KPMG said banks are experiencing the biggest "transformational era" in their history, adding that the time to embrace digital is now.

Intel unveils software platform that automates IoT deployments

Intel has announced an IoT deployment solution to make it easier for operators to bring devices online. The company said that launching new networks is too costly, time-consuming and risky, warning that the entire industry is at risk of stagnation.

Gartner to CIOs: The days for digital 'experimentation' are over

Artificial intelligence and new cybersecurity threats are evolving the role of the CIO, research firm Gartner says. Chief information officers are having to respond to new challenges as they scale their businesses, making it hard to stay up-to-date.
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 Blockchain Disrupts Everything...or Does It?  panel discussion at the first IEEE Computer Society T...
"Blockchain Disrupts Everything...or Does It?" panel discussion at the first IEEE Computer Society TechIgnite conference.
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Eye-catching sign on the window of the Wellcome Centre in London  September 2017.
Eye-catching sign on the window of the Wellcome Centre in London, September 2017.