Inflation, high energy prices, and a looming recession have dampened consumer purchasing. All this while retailers are still dealing with pandemic-related disruptions to supply chains and consumer shopping habits. To win back consumers and protect profit margins, retailers need to optimize operations across the enterprise. That means fixing their supply chains, understanding shifting consumer preferences,…
The retail industry is always in motion. Shifting macro-economic influences and changing customer expectations spark new business models, channel strategies, and strategic partnerships. To keep pace, retailers require a strong digital core that delivers powerful data-driven insights while staying compliant, maintaining security, and preventing fraud. Shree Venkat, chief architect at TCS, and GV Krishnan, Head…
Now, more than ever, global businesses have an opportunity. With people and infrastructure touching every point on the planet — and new technology empowering us to radically change the way we consume resources — we can lead the world toward a better, more sustainable future. That optimism stems from three core beliefs: We can build…
The metaverse—a fast-emerging combination of technologies including augmented and virtual reality, IoT, and blockchain—is poised to change the way financial services organizations and other companies do business. “By blending the physical and the digital worlds, the metaverse is changing the rules of engagement and enabling us to connect without barriers,” says Anupam Singhal, a…
Anxious to meet international standards, satisfy investors, and profit from a growing array of sustainable products, financial services firms are intensifying their focus on environmental, social, and governance (ESG) goals. While the incentives for ESG are compelling, managing programs and demonstrating success are fraught with challenges. But by adhering to the right standards and using…
Data is the powerhouse of digital transformation. That’s no surprise. But did you know that data is also one of the most significant factors in whether a company can achieve its sustainability goals? Business leaders are at a crossroads. On one hand, a perilous financial landscape threatens to stall growth, with companies of all sizes…
Companies across nearly every vertical are finding a transformational lifeline in industry clouds. Swiss biopharmaceutical Idorsia is one such company, having embraced a partnership with industry cloud provider Veeva to survive. In June 2017, Idorsia had a lot on its plate, namely a new company to stand up, with 650 scientists and employees, a robust…
Data governance definition Data governance is a system for defining who within an organization has authority and control over data assets and how those data assets may be used. It encompasses the people, processes, and technologies required to manage and protect data assets. The Data Governance Institute defines it as “a system of decision rights…
Staying in control and securing your data has never been more important! As data privacy regulations continue to evolve, businesses have had to adapt how and where they store data. The EU’s General Data Protection Regulation (GDPR) has been the most newsworthy, requiring all businesses that operate in or have customers in the EU to…
IT services and consultancy firm Accenture said it would lay off 19,000 staffers, or 2.5% of its workforce, over the next 18 months to reduce costs amid uncertain macroeconomic conditions. “While we continue to hire, especially to support our strategic growth priorities, during the second quarter of fiscal 2023, we initiated actions to streamline our…