Digital Transformation

Digital transformation is a foundational change in how an organization delivers value to its customers. Here is what it entails, along with tips to ensure your company is on the correct course.

The fintech landscape is beginning to compartmentalise into several different subsets. Key subsets under fintech umbrella include: Paytech, Regtech, Lendtech, Banktech, Insurtech and Wealthtech. There are numerous opportunities that lie within the Fintech space and understanding the various domains should help bring those to the fore.

The value of digital and AI is real and sizeable. Evidence suggests that companies that have leading digital and AI capabilities outperform laggards by two to six times on total shareholder returns (TSR). The digital leaders in insurance have five-year growth in TSR that is six times higher than lagging companies. Consumer packaged goods (CPG) and retail leaders perform three times better than peers in their sector, while companies in energy, materials, and agriculture perform two times better. By integrating digital and AI throughout the entire customer journey, thereby reducing friction points, leaders extended their advantage in online sales.

Big data in finance refers to large, diverse (structured and unstructured) and complex data sets that can be used to provide solutions to long-standing business challenges.

Meta Platform’s Chief of Global Affairs, Nick Clegg says: 1. A lot of countries are going to look at India and NOT Europe or America for inspiration about what the Rules of the Road should be for the Digital Economy. 2. India believes in the foundational principles of an open internet where data can flow openly around the world, but also where people's privacy and safety are properly secured and where innovation is encouraged and fostered. 3. India is increasingly self-confident about forging its own path to develop its own rules.

The new Digital 2021 April Global Statshot Report – published in partnership between Hootsuite and We Are Social – reveals that more than 6 in 10 people on Earth now use the internet.

How the world eats is changing dramatically. The advent of appealing, user-friendly apps and tech-enabled driver networks, coupled with changing consumer expectations, has unlocked ready-to-eat food delivery as a major category.

If executed effectively, finance transformation can offer benefits, such as: 1.Improved efficiencies 2.Reduced errors 3.Accelerated processes 4.Optimized workforce allocation 5.Tangible financial gains

The book - "Your Digital Reinvention" is a practical guide for discovering new job opportunities and finding YOUR place in the Future of Work! Have you recently: •Felt overwhelmed about digital changes? •Started thinking about new work opportunities? •Been worried about the security of your job? The pandemic has accelerated the digital future, forcing virtual ways of interacting, working and learning. Professionals already in the workforce or those entering, need to adapt to The Future of Work, which is certainly going to be drastically different because of the multiple disruptions which have coalesced in the last 3 years!

Telemedicine, artificial intelligence (AI)-enabled medical devices, and blockchain electronic health records are just a few concrete examples of digital transformation in healthcare