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Digital Transformation
Deloitte India and MEGA, a Bizzdesign company, on Thursday announced a strategic alliance geared to help Indian enterprises strengthen their enterprise architecture and drive digital transformation. By combining Deloitte's Advice-Implement-Operate (AIO) capabilities with MEGA's 'HOPEX platform', the collaboration would look to address the complexities of modern IT landscapes, including managing legacy infrastructure, adopting emerging technologies and overcoming silos across organisations. According to a release, the HOPEX platform integrates strategic planning, process optimisation and Governance, Risk and Compliance (GRC) management into a unified framework. This enables organisations to manage their IT environments more effectively, make informed decisions and navigate regulatory requirements better. "The collaboration will deliver scalable, adaptable solutions that streamline processes, enhance collaboration and reduce operational inefficiencies," the release added.
Tata Electronics on Wednesday said it has appointed Bobby Mitra as Chief Information Officer (CIO) and President of AI and Digital Transformation. In this role, Mitra will drive enterprise-wide initiatives in AI and digital transformation for electronic manufacturing services, semiconductor assembly and test, semiconductor foundry, and design services businesses, it said in a statement. Mitra and his team will be instrumental in advancing Tata Electronics' commitment to AI-led manufacturing excellence, particularly in establishing India's first semiconductor Fab in Dholera, Gujarat and the first indigenous semiconductor assembly and test facility in Jagiroad, Assam. Tata Electronics MD and CEO Randhir Thakur said Mitra's deep knowledge of smart manufacturing and the digital ecosystem will be key to delivering value to the customers. Earlier, Mitra had led smart manufacturing as well as industrial systems and personal electronics systems globally for Texas Instruments and served as
Indian IT major Infosys on Tuesday said it has entered into a long-term collaboration with British community bank Metro Bank to digitise the bank's operations. The collaboration will utilise Infosys Topaz, the firm's AI-first offerings, to enhance Metro Bank's digital capabilities, improve automation, refine data, and embed further AI capabilities. This will assist the bank in increasing efficiency and saving costs, a regulatory filing said. "At the end of this transformation, we will be a very different business, but the true essence of Metro Bank will remain the same -- a high-quality service organisation putting customers centre-stage," Metro Bank CEO Daniel Frumkin said. The bank expects to deliver 80 million pounds of annualised cost savings this year across multiple initiatives, as it progresses towards the target of reaching mid-to-high teen return on tangible equity by 2027, he added. "Our shared goal is to continually enhance customer engagement, community focus, and the
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 ...
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
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
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
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 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 .
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 ...
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.