Page 3 - Digital Transformation

World Bank, IT ministry to come up with state-level DPI adoption index

'The state-level DPI index will help analyse gaps to strengthen the digital economy, support financial inclusion and increase public-private innovation'

Union Minister Vaishnaw launches NITI Aayog's digital public infra platform

Union Minister Ashwini Vaishnaw on Thursday launched government think tank NITI Aayog's platform 'NITI For States', a digital public infrastructure for policy and governance. Vaishnaw, the Minister of Communication, Railways and Electronics & IT, also inaugurated the 'Viksit Bharat Strategy Room' at NITI Aayog. The 'Viksit Bharat Strategy Room' will enable visualization and engagement with insights, sharing of information and knowledge to enable effective in-person decision-making. A multi-sectoral live repository of 7,500 best practices, 5,000 policy documents, over 900 datasets, 1,400 data profiles, and 350 NITI publications will be part of the new platform, according to an official statement. The knowledge products on the platform span 10 sectors, including agriculture, education, energy, health, livelihoods and skilling, manufacturing, MSME, tourism, urban, water resources and WASH (water, sanitation and hygiene) across two cross-cutting themes -- gender and climate ...

Nokia, Sterlite Tech to develop digital solutions for govt, enterprises

Finnish telecom and IT company Nokia on Monday said it has partnered with Sterlite Technologies (STL), an optical and digital solutions company, to enhance networking and digital solutions for government institutions and enterprises. The partnership will also focus on government-driven connectivity projects to offer connectivity and networking solutions, Noika said in a statement. "The collaboration will accelerate the Industry 4.0 revolution. By leveraging these solutions, businesses can gain a competitive edge and drive transformation with disruptive technologies," the statement said. Both companies will strengthen enterprise networks, providing high-speed, high availability, low-latency connections for applications such as 5G, IoT ( Internet of Things), data centre interconnect, supply chain efficiency, real-time data analytics, and generative AI use cases, according to the statement. "STL's extensive experience in connectivity solutions, coupled with Nokia's technological stren

SC junks PIL seeking round-the-clock digital monitoring of lawmakers

The Supreme Court on Friday trashed a PIL seeking a direction to the Centre to digitally monitor MPs and MLAs round the clock for better governance, saying "there is something called right to privacy also". A bench comprising Chief Justice of India D Y Chandrachud, Justice J P Pardiwala and Justice Manoj Misra asked whether the court can put a "chip" in the body of the lawmakers to track their movement round the clock. At the outset, the CJI cautioned petitioner Surinder Nath Kundra, a Delhi resident, that he should be ready to pay Rs 5 lakh as a fine for misusing the judicial time on such an issue. "If you argue and we do not agree with you then a cost of Rs 5 lakh will be recovered from you as land revenue. This is public time and this is not about our ego," the bench said. "Do you realise what you are arguing? You want 24/7 monitoring of MPs and MLAs... This is done only for a convicted felon who can flee justice. There is something called right to privacy and we cannot digitall

Budget focused on economic resilience, creates opportunities for all

It carefully allocates public resources and commits to reduce the country's fiscal debt

Google's doodle on 75th R-Day shows transition from analogue to digital era

Search giant Google has come up with a special doodle to mark India's 75th Republic Day, depicting the country's transition from the era of analogue TVs to smartphones. The creative artwork signifies how the ceremonial parade would have been seen on screens across these decades. India became independent in 1947 and a republic on January 26, 1950. From big TV sets with cathode ray tubes to smaller ones and eventually, to smartphones, a lot has changed in India in these years. The doodle depicts two TV sets and a mobile phone, with the letter 'G' on the left face of the first analogue television set, and the screens of the sets forming the two 'O's of 'GOOGLE'. The remaining three letters 'G', 'L' and 'E' of the Google logo are displayed on the screen of the mobile handset placed in that order. The first TV screen depicts scenes of the parade in black and white while the second one shows a camel contingent in colour, signifying the transition in technology. "This Doodle celebrates

Ashok Soota-led Happiest Minds eyes strong momentum from India biz

Manufacturing and banking, financial services and insurance (BFSI) together contribute about 26 per cent to the total revenues

Atos set to hold due diligence talks with Airbus on sale of BDS unit

An Airbus spokesperson confirmed in an e-mailed statement sent to Reuters that it has submitted a non-binding proposal for a potential acquisition of Atos' BDS business line

LIC exploring possibility of setting up fintech arm says, Chairman Mohanty

As part of its digital transformation exercise, insurance behemoth Life Insurance Corporation (LIC) is exploring the possibility of setting up a fintech unit. LIC has initiated a total digital transformation project DIVE (Digital Innovation and Value Enhancement) and appointed a consultant to steer the project, LIC Chairman Siddhartha Mohanty told PTI in an interview. "Our objective is to get best in class digital initiatives for all our stakeholders, customers, intermediaries, marketing people and everybody through the project DIVE," he said. In the first phase, the customer acquisition part is going to be transformed, he said. Customer acquisition is done through three modes--agent, bancassurance and direct sale. LIC gets most of its new customers through its agents. Subsequently, other areas would see transformation, he said, adding, services like claims settlement, loan and other services will be made available at the click of a button. "Customers need not come to the office

India ready to share technical capabilities for empowering people: DEA Secy

India stands ready to share its technical capabilities relating to Digital Public Infrastructure (DPI) and knowledge resources for empowering the people of the Global South, Economic Affairs Secretary Ajay Seth said on Friday. G20 Leaders at the New Delhi Summit in September committed to improving access to digital services and digital public infrastructure and leveraging digital transformation opportunities to boost sustainable and inclusive growth. Speaking at the second Voice of Global South Summit, Seth said another focus area of the Indian presidency is the role of technology in social transformation and economic empowerment, particularly in financial inclusion. Relying on India's success story, the G20 policy recommendations for advancing financial inclusion and productivity gains through digital public infrastructure endorsed by the leaders can serve as a valuable guide for rapidly advancing financial inclusion, he said. "The G20 financial inclusion action plan for 2024 to .

HCLTech to drive Banco do Brasil's digital transformation with Salesforce

HCL Technologies on Monday announced that Banco do Brasil has selected it to support the bank's digital transformation and customer relationship management (CRM) journey and implementation of Salesforce. HCLTech's partnership with Salesforce will enable Banco do Brasil to 'hyper-personalise' customer relationship and service solutions, generating greater customer satisfaction and engagement within their omnichannel ecosystem, using AI resources, data unification and intelligent guidelines, a release said. Banco do Brasil is one of the largest financial institutions in Latin America. HCLTech however did not divulge financial details of the contract. "Banco do Brasil...through a bidding process, has chosen HCLTech to support the bank's digital transformation and CRM journey and implementation of Salesforce," the release said. HCLTech will create a dedicated team of specialists with CRM experience to implement Salesforce solutions for Banco do Brasil. It will use four Salesforce ...

Genpact is investing up to $600 million over 3 years in AI: CEO Tyagarajan

In the interview, Tyagarajan talks about the investments in GenAI, acquisition strategy, and the technology spend environment

PwC India ties up with Zoho to drive digital transformation of firms

The PwC India- Zoho partnership "will accelerate their digital transformation journey" of medium to large enterprises in the country, PwC India said

SMFG India Credit announces appointment of S Subramanian as new COO

SMFG India Credit Co Ltd (formerly Fullerton India Credit Co Ltd) on Thursday announced the appointment of Swaminathan Subramanian as Chief Operating Officer (COO). Previously, Subramanian was working as Chief People Officer (CPO) at the non-banking financial company. In his elevated role, he will manage operations, technology, legal, enterprise services, human resources and CSR, the company said in a statement. Subramanian will now lead our digital transformation, corporate legal initiatives, operational efficiency, and focus on building a strong infrastructure as well as prioritising our people and community, SMFG India Credit Managing Director Shantanu Mitra said. Japan-based Sumitomo Mitsui Financial Group (SMFG) holds a 74.9 per cent stake in SMFG India Credit and offers a diverse range of financial services.

Infosys signs $454 mn deal with Danske Bank to boost digital transformation

The deal is valued at $454 million for a period of 5 years with an option to renew for one additional year for a maximum of three times

IKF Finance raises Rs 250 cr from Accion's Digital Transformation Fund

IKF is among the few lenders to have grown consistently and delivered profits across economic cycles. Despite Covid and other macro headwinds, IKF has grown by as much as 40% in the past few years

TCS 'won't make any change', focus on principles: CEO designate Krithivasan

Krithivasan's time of taking over is interesting, especially with the agenda already being set

Jaguar Land Rover join hands with Tata Tech for digital transformation

Tata Motors-owned Jaguar Land Rover on Tuesday said it is partnering with Tata Technologies to accelerate its digital transformation. As part of the collaboration, Tata Technologies will deliver end-to-end integrated Enterprise Resource Planning (ERP) to transform Jaguar Land Rover's manufacturing, logistics, supply chain, finance and purchasing modules by bringing data and knowledge from multiple departments into one single source. The first phase will include Jaguar Land Rover's (JLR) UK core production facilities, with solutions subsequently deployed to other global locations. "The partnership with Tata Technologies will allow us to accelerate the transformation of our core ERP infrastructure to deliver the efficiency and usability we require for the future and our transformation objectives," JLR Executive Director of Industrial Operations Barbara Bergmeier said in a statement. Tata Technologies MD and CEO Warren Harris said the collaboration will help JLR to build innovative an

Nasdaq-listed ODP Corporation selects HCLTech as primary IT partner

HCLTech will be ODP's IT partner for end-to-end IT operations and enterprise-wide digital transformation

Digital transformation spending in India to reach $85 bn by 2026: Report

The digital transformation (DX) spending in India is likely to reach $85 billion by 2026 as firms in the country aim to reduce the costs by improving customer experience via digital transformation