Tag: Digital Transformation
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HCLTech Signals Lower H-1B Reliance as AI Drive Powers Q2 Growth and FY26 Outlook
HCLTech’s Q2 Update: Cutting H-1B Dependence to Accelerate AI-led Growth IT services giant HCL Technologies (HCLTech) is taking concrete steps to reduce its reliance on H-1B visa allocations while expanding its AI-enabled services. The company reaffirmed its FY26 guidance, signaling a mixed, yet confident, outlook as AI-driven demand translates into higher services revenue and healthy…
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UK Treasury Tightens Access to Reserve Fund: Ministers Warned Not to Expect Bailouts
UK Treasury Tightens Access to Reserve Fund Ahead of Budget The UK Treasury has signalled a hardening stance on ministers’ ability to tap its reserve fund for public sector pay rises and other unforeseen costs. In a move aimed at curbing borrowing and ensuring spending stays within the June spending review framework, chief secretary to…
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Singapore’s Digital Economy Grows by $12B in 2024, Reaching 18.6% of GDP
Singapore’s digital economy hits a new milestone in 2024 Singapore’s digital economy surged to 128.1 billion, a record high that represents 18.6% of the nation’s GDP in 2024. According to the latest Singapore Digital Economy Report released by the Infocomm Media Development Authority (IMDA), the sector grew by 12 billion year over year, underscoring the…
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AI: The Next Growth Engine for the Philippines
The Imperative: AI as a Current Growth Engine Artificial intelligence is no longer a distant dream for the Philippines. Since 2022, AI has emerged as a tangible driver of growth across industries, from finance and marketing to logistics and customer service. Generative AI tools are reshaping how businesses operate, accelerating productivity, and enabling smarter decision-making.…
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AI: The Next Economic Growth Engine for the Philippines
AI: The Next Economic Growth Engine The Philippines is witnessing a transformative shift as artificial intelligence (AI) moves from a futuristic concept to a tangible driver of economic growth. Since 2022, generative AI tools have begun reshaping the business landscape—from finance and marketing to logistics and customer service. This evolution is not confined to labs…
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Leading Giants, Young Captains: Five CEOs Redefining Trillion-Dollar Firms
Leading Giants, Young Captains: Five CEOs at the Helm of Trillion-Dollar Firms Age is often treated as a proxy for wisdom in business, but the modern corporate landscape is rewriting that script. While veteran leaders like Warren Buffett embody steady stewardship, a fresh cohort of ambitious, technocratic CEOs is steering public giants with speed, clarity,…
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AI in the Workplace: White-Collar Leaders, Women Ahead
What this year’s AI report reveals A fresh annual study on artificial intelligence in the workplace shows a clear split in how different job groups use AI. White-collar professionals are more likely to use AI as a core part of their daily tasks, while blue-collar or manual workers trail behind in adopting AI for job-specific…
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Risks Faced by LGS in SAAQclic Contract Revealed
Introduction to the SAAQclic Contract The contract for the digital transformation of the Société de l’assurance automobile du Québec (SAAQ), particularly the SAAQclic platform, has come under scrutiny due to the substantial risks faced by its contractor, LGS. According to Michel Dumas, a former vice-president of LGS, the firm was in a precarious position throughout…
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LGS Faces Significant Risks in SAAQclic Contract
Understanding the SAAQclic Project The Société de l’assurance automobile du Québec (SAAQ) is undergoing a significant digital transformation with its SAAQclic platform. This project, valued at approximately 458 million dollars, aims to streamline various services offered by the SAAQ through a robust digital interface. However, insights from former LGS vice-president Michel Dumas have unveiled considerable…
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Risks in SAAQclic Contract: LGS Concerns
Introduction to SAAQclic and LGS’s Involvement The Société de l’assurance automobile du Québec (SAAQ) embarked on an ambitious digital transformation initiative known as SAAQclic. This project involves a substantial $458 million contract awarded to the firm LGS, part of a collaboration that includes IBM and SAP. However, shifting dynamics have raised significant concerns regarding the…