London insurance market turns to tech to maintain its world-leader status
A survey, by IT services provider NTT DATA, of senior leaders in the London insurance market shows a major appetite for technological change within the industry.
It finds that 70 percent of insurance leaders are looking to invest in robotic process automation (RPA) in the future, while 51 percent are focusing their budget on AI and machine learning, exploring use cases like using AI in underwriting to recognize patterns in large data sets and inform human decision making.
Six keys to successful digital transformation
Digital transformation is a prime objective for many businesses, with 93 percent of enterprises undergoing some kind of project according to a new report.
The survey conducted by Hanover Research and commissioned by digital platform company AHEAD shows these efforts are driven primarily by a desire to cut costs (77 percent) and improve customer experience (71 percent).
Microsoft Translator gets Gaelic so we can communicate with more of the Irish
With St. Patrick's Day fast approaching (March 17), many of us will soon be eating traditional Irish cuisine, such as corned beef, cabbage, potatoes, and soda bread. There are sure to be many people wearing the color green as well. On this day, we celebrate all things Irish.
But what if you want to hold a conversation with an authentic Irish person on that holiday (or any other day for that matter)? If the person prefers to speak Gaelic, rather than English, this can be a big problem. Thankfully, Microsoft has come up with a solution. Using its popular Translator service, you can now communicate with those that speak Gaelic -- just use your smartphone to convert words and hold a conversation!
Why digital transformation and security should go hand-in-hand [Q&A]
Digital transformation is becoming an essential part of many business initiatives and of course security is a high priority too. You would think that two such essential areas would exist in close harmony, but it isn't always the case.
In the age of digital transformation security can get left behind. So, what can businesses do to ensure that new digital initiatives are secured from the start? We spoke to John Worrall, CEO at application and infrastructure security specialist ZeroNorth to find out more.
Why data stagnation is a threat to digital transformation
Companies are now readily investing in digital transformation to completely digitize their internal operations and get ahead of the competition. But most companies end up focusing too much on the number of applications they are integrating and too little on how those applications are actually helping their employees.
When departments use different applications that don’t integrate well, it can lead to data stagnation and isolation which will threaten your digital transformation initiatives.
Complex transformations need analytics and intelligence
In the public sector IT projects are often struggling. The Infrastructure and Projects Authority annual report (IPA), published in July 2018, assessed 133 large and risky programs the UK government has in flight. Overall, the IPA noted a general increase in the proportion of projects ranked red or amber-red -- which indicates projects are undeliverable or at high risk of failure -- from 38 to 46, and a decline in the proportion given amber-green or green, from 28 to 24. It happens in the commercial markets too, but of course, it doesn’t always make the headlines.
Clients -- commercial or public sector -- need to look for delivery organizations that make greater use of analytics and intelligence if they are to drive the successful completion of complex IT transformations.
Digital Transformation is the Industrial Revolution of our age
Around the globe, across all industries, every organization intent on surviving the next decade of economic disruption is shifting from analog to digital. Any company serious about advancing its brand, capturing its best customers and expanding its future is in the process of integrating digital technologies that will help them reimagine every aspect of their business.
And most of them are failing. According to a recent McKinsey global survey on Digital Transformation, more than 80 percent of organizations have undertaken such steps in the past five years, but only 16 percent of respondents say their efforts have successfully improved performance, while also equipping them to sustain long-term change. Reported success rates in more traditional industries -- like Automotive and Pharmaceuticals -- are even more dismal (4-11 percent).
Two-thirds of IT leaders want DevOps skills to modernize operations
A new survey of enterprise IT operations leaders by infrastructure monitoring and management specialist OpsRamp reveals that 64 percent indicate DevOps is the most sought-after skill.
Other in-demand skills are cloud certifications (61 percent), industry knowledge (56 percent), data science (47 percent) and machine learning (44 percent).
Talent shortage holds back data analytics projects
Although organizations are becoming more data driven, projects are being held back by a shortage of skilled staff according to a new study.
The research by data science specialist Alteryx surveyed IT decision makers across the UK and five other countries in Europe, the Middle East and Africa (EMEA) and Asia-Pacific (APAC) and finds 77 percent agree that data is a critical corporate asset for driving the business forward.
IT executives struggle to manage spending effectively
Wasted technology spend accounts for 30 percent of all IT spending according to the latest State of Tech Spend report from Flexera.
The average IT spend is 8.2 percent of revenue, but larger businesses (with more than 10,000 employees) this rises to 9.3 percent of revenue. 56 percent of respondents expect to increase their spending
SD-WAN is one of the most disruptive business technologies
Software defined wide-area networking (SD-WAN) is twice as disruptive as other technologies like the cloud in the latest phase of enterprise digital transformation, according to a new report looking at every next-generation solution disrupting the IT landscape for the next six to 12 months.
The study from AVANT Analytics also finds that while SD-WAN is displacing Multiprotocol Label Switching (MPLS) in smaller companies and at the enterprise edge, both technologies are still growing at the enterprise core. In addition the average share of broadband traffic in an SD-WAN network was about 63 percent in 2018 and is projected to grow to 70 percent in 2019.
Companies struggle to deliver digital transformation projects
Despite the popularity of digital transformation projects, the vast majority of organizations are still suffering failure, delays or scaled back expectations from their projects according to new research from enterprise database company Couchbase.
The study of 450 heads of digital transformation in the US, UK, France and Germany finds 86 percent say factors including reliance on a legacy technology, complexity of implementing technologies, and lack of resources and skills had prevented them from pursuing a new digital service or other project.
Setting a path for digital transformation
At Homerton University Hospital, in the London Borough of Hackney, East London, we are incredibly ambitious in our digital transformation goals. In the coming year, we hope to go fully digital or 'paperless' to improve the quality of care we deliver to our patients and, of course, to meet imperatives for finding additional funds under our Local Digital Roadmap (LDR) and Sustainability and Transformation Partnership (STP) covering the North-East London area.
It is now a given that the NHS must find significant efficiencies if we are to continue to deliver care to meet the demand. At Homerton, we need to save £1.5m from the Outpatient Department alone. So, when we talk about transformation, let’s be clear it’s not for transformation’s sake!
Why digital transformation must be optimized for speed and success [Q&A]
Companies worldwide across all industries are enacting digital transformation (DX) initiatives -- and for good reason. If completed successfully, modern technology implementation drives competitive advantage and makes business operations much more real-time.
However, the journey to the DX finish line is unfortunately sometimes much more of sprint than a marathon, as speed is the currency for organizations to complete the process.
Digitally transform operations by optimizing legacy processes
Every company these days is on a path to digital transformation, using technology to rise above the competition and show customers it is modern, efficient and optimized for success.
But as companies work through this transformation, they often uncover processes that have fallen behind the times and seem impossible to fix -- either because these processes are tightly interwoven with other core business processes, or because it’s not clear where to even begin.
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