Home Tags Digital transformation
Tag: digital transformation
Even though concepts such as DevOps and MLOps have gained support in recent years, FinOps is a relatively new discipline that has yet to become generally practised. And yet, its potential to enhance financial services through a reinvented data strategy is significant.
Global spending on digital transformation is projected to reach $1.8 trillion this year, reflecting just how important the integration of digital technologies into all aspects of an organisation has become. And thanks to the impact of the pandemic, local companies have also accelerated their transition into a more digital-forward way of thinking.
For many enterprises, their siloed, traditional Supply Chain Management (SCM) systems are proving to be their downturn when trying to operate in unprecedented circumstances, preventing business continuity and resilience.
The pandemic has put a significant strain on all industry sectors none more so than in healthcare where there was a need to adopt more data-driven planning and decision-making at lightning speed. At a time when expanding remote care, telemedicine, and m-health initiatives have become the order of the day, the spotlight has turned to the safeguarding of sensitive information at a scale comparable to the financial services sector.
Industry 4.0 can exponentially grow developing economies and combat resource-related challenges. The manufacturing sector is South Africa’s fourth largest sector and a key driver of economic growth. However, industrialisation challenges in recent decades and the relatively slow adoption of new technologies have hampered the true potential of this industry.
Let There Be Change is a podcast series looking at the world of technology and leadership in a hyper-fast and constantly evolving environment.
The insurance industry was once a bastion for slow, conservative business practices. But as other industries have either embraced digital transformation or have been radically upended by technology-driven startups, most insurers have realised that they have to follow suit.
In light of increasing technological advancements, employers must identify future skills in order to provide a flexible and agile workplace. A skills gap analysis can help determine the most valuable skills for a company and establish a plan for staff development.
The South African Reserve Bank increased the repo rate by 50 basis points to 4.75%, after it was previously agreed at 25bps during the May policy meeting due to the declining Rand exchange, consumers are in for a tough time. When the repo rate goes up, the lending rate goes up and the consumers' pockets are affected.
With technology integrated into every facet of an organisation, there are massive consequences if systems go down, regardless of the size or industry sector of a business. Over the years, I have seen my share of the IT challenges companies face daily. However, these extend beyond the operational to include cybersecurity concerns as well.