The digital disruption of the RegTech scene: how digitization is enhancing regulatory processes
Regulation can be a double-edged sword. On the one hand, it is needed so that everyone operates in the same manner, and it creates trust and safety in the industry. While, as one government whitepaper put it, businesses are regulated “to deliver better outcomes for the economy, society and the environment”. Yet at the same time, many would argue that …
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Digital due diligence – the new front line in business valuation
What is digital due diligence? Due diligence is the investigation and audit based on the examination of financial records, compliance and legal, before entering into a proposed transaction with another party. It is performed to confirm the facts or details of a matter under consideration – typically an acquisition. Due diligence will typically consider the structure, assets, and liabilities that …
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Managers and executives disagree over digital readiness
There is a major disconnect between managers and executives over the digital posture of their organization, a new report from digital intelligence company ABBYY claims. While most C-level executives (82 percent) feel confident in their organization’s readiness to go digital, only 58 percent of managers agree. What C-level executives don’t seem to understand, the report hints, is the level of …
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Why companies need MACH for successful digital transformation
According to McKinsey, 10 years’ worth of change happened in the space of 90 days in Q1 2020, highlighting the need for companies to be agile when it comes to technological innovation. Particularly when it comes to meeting the ever-evolving customer needs. As a result of the pandemic, many companies have learned that digital transformation isn’t a project that happens, …
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Crossing the chasm: How UK businesses can bridge the digital skills gap
Society is becoming increasingly digital with every day that passes. In January 2020, the UK had 65 million internet users, 45 million social media users and 72 million mobile connections. These figures precede the moment when the pandemic hit British shores and forced even more of us online. UK businesses and organizations have reacted appropriately. In today’s world, news is …
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How digital twin will help enable the green recovery
Industrial products and projects are rarely contained to one machine. Economic development has continued to push the division of labor to maximize efficiency, while effects of globalization have geographically spread the production processes of goods and services. Production lines have expanded into production webs, with a vast array of variables that can influence the procedure and the final product. These …
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Digital transformation needs to start with DDI
Any digital transformation project, if managed correctly, should be an enterprise-wide endeavor, touching every department and process. Although the term has existed for years, what is meant by digital transformation today is a shift away from the hardwired and hardware-driven infrastructure and towards the software-defined networks and cloud tech that enable businesses to adapt and scale at an increasingly rapid …
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What will Covid’s digital transformation legacy be for the Public Sector?
It is undeniable that the pandemic has had an impact on the way the public sector has had to operate, but will the changes that it’s been forced to implement signify change that lasts longer than the virus itself? What the public sector enacted in response to Covid-19 was revolutionary, enabling remote working (for example) on a hitherto unimaginable scale …
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Manufacturing industry setting its sights on digital transformation
Covid-19 has forced the majority of manufacturers into digital transformation, a new report from InfinityQS has found. The report states that 52 percent have either begun or are currently looking into digital transformation initiatives to enhance their operational performance, with advanced analytics being a top priority for a quarter of them (24 percent). Last year was a challenging one, with …
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The ‘out of the box’ digital workplace – how do you design yours?
The Hybrid workplace is here to stay for most. A Deloitte survey found that 42 percent of employees would like to work in a blend of in the office and at home, long-term while in a recent BBC poll on 50 of the biggest employers in Britain, employing over 1.1 million UK workers between them, management say they have no …
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