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By 2030, 80 per cent of heritage financial services firms will go out of business, become commoditised or exist only formally but not competing effectively, according to Gartner, Inc. These firms will struggle for relevance as global digital platforms, fintech companies and other non-traditional players gain greater market share, using technology to change the economics and business models of the industry.
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Global retail sector technology spending will grow 3.6 per cent to reach almost $203.6 billion in 2019, with similar growth rates for the next two years, according to the latest forecast from Gartner, Inc. Customer expectations and competition are forcing retailers to evolve and invest heavily in digital business transformation.
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Workday, Inc. has released the results of a new European study, ‘Digital Leaders: Transforming Your Business,’ an IDC white paper, sponsored by Workday which reveals that there is a ‘digital disconnect’ emerging in many organisations between the expectations of digital leaders and the ability of core business systems to meet their needs. Challenged at driving digital transformation (DX) at scale, they see their finance and HR systems as merely ‘adequate’ for today’s business...
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Only nine per cent of manufacturers are to invest in digital transformation projects over the next 12-18 months.
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Global technology consultancy DataArt predicts continued transformation in the Media and Entertainment space in 2019, with growing mobile consumption, increased demand for direct-to-consumer and OTT (Over-the-Top) offerings, and the rise of user-generated content driving the industry forward.
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Heathrow is working with Yoti to streamline the airport experience using mobile biometrics instead of paper documents.
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Huawei helps the Jumeirah Group build a robust and agile IT department to support the rapid business expansion of the group.
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