The oil and gas sector has a relatively long history with digital technologies, notably in upstream, and significant potential remains for digitalisation to enhance operations. Digitalisation has transformed manual processes, transactions and activities into digital services. Digitalisation of banking models Evaluate and re-engineer the aged processes within the organisations while improvising the relationship with third parties. the energy sector in order to contribute to achieving the Digital Single Market and the Energy Union objectives; -increase the digital capacity of the energy sector for the benefit of the system that is able to integrate higher shares of renewable energy and to optimise energy use … Banks need to work on pragmatic digital banking models and build more effective business continuity plans for sustainability. In the space of a few years, digitalisation has become vital to corporate strategies. The Nordic region is high-performing and digitally mature with regards to public sector, yet there is a strong political imperative for further improving the efficiency, effectiveness and governance of public services design, public infrastructure and delivery through expanded digitalisation in the … In recent years, digitalised open platform systems have been developed to implement Internet of Things (IoT) technology and analysis of Big Data, as well as aid the use of automated vehicles and equipment, all with positive results for operational efficiency. SINGAPORE - Four education institutions here will help drive digitalisation efforts in the social service sector with tailor-made courses being offered by the end of the year. Speaking at last week’s event, Salla Saastamoinen, acting director-general for the Commission’s DG for Justice and Consumers, highlighted the importance of greater digitalisation in the sector. ... and social media is becoming a customer service improvement tool for hospitality groups. However, the average figures conceal market differences among EU banks. The recipe was simple: wood was ground and pulped into paper, and ores were refined into metals using electricity. These developments are driven among other things by more powerful mobile end-user devices, improved availability and analysability of big data and blockchain technology. The so-called ‘Internet of Things’ is where objects and equipment, such as sensors, interconnect and transmit digital information. Whilst digitalisation has impacted almost every area of modern life, the financial services sector remains rather resistant to welcome this change. How Digitalisation Is Transforming The Aerospace Sector The aerospace industry is growing at an exponential rate. DIGITALISATION AND PRODUCTIVITY IN THE FINANCIAL SECTOR | 3 At the turn of the 20th century, nationalism and industrialism paved Finland’s path to economic success. The real impact of digitalisation on the water sector is the wholesale reimagining of business models, enabled by today’s advanced technology . The transition to digital technology will also enhance the quality of service to customers, who in turn will have remote and easy access to personalized products and services. Read on to learn more about what a circular economy model is, some examples of how it’s already being used in the sector, and how it can be driven by digitalisation. Our privacy and cyber security specialists will make sure your systems and methods meet the strictest requirements. It facilitates new, innovative business models in the financial sector. 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