Latest news with #digitisation
Entrepreneur
8 hours ago
- Business
- Entrepreneur
IT Sector's Muted Q1 Trend Likely to Continue through FY26
The Indian IT sector is expected to witness a flat revenue growth of 0-2 per cent in FY26 as compared to the previous year in terms of constant currency revenue growth, according to CareEdge Ratings You're reading Entrepreneur India, an international franchise of Entrepreneur Media. The Indian IT services industry has experienced muted growth during the first quarter earnings as clients across sectors continued to delay or defer discretionary projects due to macroeconomic uncertainty and cost pressures. Despite some commentary on a better second half of the fiscal, CareEdge Ratings believes the Indian IT sector is expected to witness a flat revenue growth of 0-2 per cent in FY26 as compared to the previous year in terms of constant currency revenue growth. This is underpinned by a healthy deal pipeline poised to convert into wins over the near term, ensuring revenue visibility for the next few quarters. "Increasing digitisation and rise in demand for emerging technologies like 5G, advanced data analytics, artificial intelligence, cloud computing, cyber-security, robotics and blockchain provide growth opportunities for Indian IT/ITeS firms," CareEdge said in a report. It further stated that, "The uncertainty arising from tariffs and movements in the US market is a significant concern for the IT industry, as a large proportion of its revenues are derived from the US market. The IT-software industry has been re-aligning its offerings to cater to the evolving requirements of its clients with respect to emerging technologies to become more effective in the dynamic business environment. Growth remains muted in key markets, as clients are cautious in spending prioritizing cost optimisation and vendor consolidation." Tata Consultancy Services (TCS) reported muted growth in core markets (except India) due to deferrals and decision-making delays in Q1. Deal TCV has been strong for last three quarters, up 7.4 per cent YoY, but revenue growth in core markets has been flat at -0.7 per cent YoY USD due to re-scoping, delay in ramp-up and elongation in deal tenure. Pace of client decision making did not improve in Q1. Management believes that uncertainty would persist until trade deals between US and all major countries are finalised. Management reiterated its target to grow better in international markets in FY26 versus +0.5 per cent YoY USD in FY25. "We continue to value the company at 24x on Q3FY27-Q2FY28 EPS of INR 152.9 to arrive at our target price of INR 3,670. We continue to like TCS for better execution, profitability and return metrics in the industry," ICICI Securities said in a note. Wipro grew marginally better than expected at -2 per cent in constant currency, within its guided range for Q1, led by the healthcare and technology verticals. Guidance for Q2FY26 is flat at the midpoint. With a strong TCV and two mega deals, focus shall be on execution of these mega deals. "Though Wipro has indicated that H2FY26 will likely be better than H1 on the back of these deals, negative seasonality of H2 will also be at play. The company has indicated that margin might be impacted on upfront investment for large deals for a few of the quarters. WPRO has been losing clients and has trouble gaining broad-based growth traction across verticals. We factor in a -0.5 per cent IT services revenue USD growth print for FY26. We cut FY26–28E EPS by about 1–2 per cent and maintain 'Reduce' with a one-year forward target price of INR 240 on a target PE of 18x," ICICI Securities said. LTIMindtree reported in-line revenue growth led by a recovery in consumer and healthcare segments, and healthy momentum in BFSI. EBIT margin improved about 50 basis points QoQ on expected lines, enabled largely by its focused margin improvement program. TCV wins have been healthy with TCV up 13.6 per cent YoY over the last three quarters. "But this is yet to translate into revenue growth (5.3 per cent YoY USD over same period). Management is focussing on execution i.e. improving its large deal pipeline and win rates amidst a challenging macro environment and expects revenue growth momentum to improve from here on. We continue to value LTIMindtree at 22x on Q3FY27E to Q2FY28E EPS of INR 215 to arrive at a revised target price of INR 4,740. We maintain 'Reduce'. LTIM has higher exposure to its discretionary portfolio, constraining its growth in the current weak macro," ICICI Securities said.
Finextra
5 days ago
- Business
- Finextra
NS&I to replace legacy core banking system with SBS
NS&I (National Savings and Investments), the U.K.'s government-owned savings bank, and global financial technology company SBS today announced their work together to digitise NS&I's core banking and payments services. 0 The initiative is part of NS&I's Transformation Programme and its contract with Atos, a European digital transformation company, to modernise its banking engine. SBS's digital, cloud-native core banking platform will lay a foundation for new business efficiencies, product and service delivery, and customer experiences for NS&I. Organisations now realise the need to move faster than legacy on-premise infrastructure allows. European retail banks are accelerating their cloud investments, with spending projected to rise by 57.5% from 2025 to 30, reaching $12.6 billion according to a recent Celent report. Through its ongoing transformation programme, NS&I is proving how financial institutions can move beyond just aspirations to make fully digital, cloud-based services a reality organisation-wide. Working with Atos, IBM and Sopra Steria, NS&I is transforming and digitising its retail operations. Powering this digitisation on the back-end will be SBS's next-gen SBP Digital Core platform, which will replace NS&I's existing core system with a cloud-native infrastructure for all of its Retail banking and payments services. 'NS&I's transformation program will help to deliver the digital experiences that our customers expect, while still ensuring there is help and support for those who need it,' said Matt Smith, Chief Operating Officer at NS&I. 'Replacing our core system is a critical step in this evolution, and we look forward to continuing our work with SBS and Atos to bring it to fruition.' As one of the U.K.'s largest savings organisations, NS&I's internal infrastructure is responsible for not only upholding its 24+ million customer base, but also implementing savings rate changes and servicing the resulting interactions with customers. With on-premise and even hybrid cloud systems, this means maintaining the highest level of data storage at all times—even when it's not being used. By transitioning to SBP Digital Core, NS&I will benefit from the complete flexibility and scalability of AWS's cloud environment, enabling it to make data storage and other infrastructural adjustments as often as it needs to. Compared to legacy core systems that are not easily updated or modified, SBS's cloud and Software-as-a-Service (SaaS)-based alternative enables it to provide regular, automatic system updates, so there are no disruptions to banks' day-to-day operations. 'Cloud and SaaS transformation in the financial industry is not a matter of when, but how,' said Eric Bierry, CEO, SBS. 'NS&I's transformation program is evidence that it is possible for banks to execute this transformation—and doing so sets them up to drive otherwise unattainable efficiencies and experiences. We're thrilled to partner with NS&I on this journey.' SBP Digital Core is a cloud-native, composable core banking solution that leverages latest technology and data to allow banks to offer personalised and relevant banking experiences to their clients while complying with regulatory requirements. It is a part of SBS's larger retail banking offerings used by more than 1,500 banks across Europe, the Middle East and Africa. In addition to core banking, these offerings include deposits, payments, lending, reporting, open banking and more.
BBC News
22-07-2025
- Entertainment
- BBC News
'Race against time' to save Mary Rose video archive
Students at the University of Portsmouth are digitising more than 600 tapes containing video footage of Henry VIII's flagship, the Mary Rose, which sank in the Solent. Underwater footage captures the moments when historical items such as canons were discovered and filmed for the first time when the ship was salvaged in 40-year-old tapes have been deteriorating and there were fears that the video archive could be lost. Some of the footage may not have been viewed since it was recorded. Charlie Watts, works in the university's School of Film, Media, and Creative Technologies, described it as "a race against time". "They have a very robust outer casing but inside the tape is very vulnerable. The oxide on the tape is dissolving as we speak," said Mr Watts. "We have to do this now, otherwise it's gone completely." Student Oliver Wibew, who is also working on the project, said: "I'm only 18 so I've never used this kind of technology before. "You have to put them into a player then it goes into the computer then you've got special software that can capture it and put it onto a drive."Another student, James Watts, has been watching the footage. "Seeing the Mary Rose from a diver's perspective, possibly for the first time in 40 years, that's something that not a lot of people get to experience," said Mr Watts. The digitised footage will help to tell the the salvage story at the Mary Rose Museum. "We have the incredible Tudor story of all the artefacts that were found underwater," said collections manager Alastair Miles. "But then there's this modern story of the salvage, recovery and excavation and all of the people that were involved in that process."These tapes will allow us to add to that story with extra layers of information that we just didn't have access to before."The Mary Rose Museum's chief executive, Dominic Jones, said more than 500 divers were involved in the salvage. "What's fantastic is that we've now got 18-year-old students who are bringing that story to life," he said."It's not lost on us that they're the same age as the crew of the Mary Rose when the ship sank." You can follow BBC Hampshire & Isle of Wight on Facebook, X, or Instagram.
BBC News
22-07-2025
- Business
- BBC News
Is there too much technology in education?
The head of a school academy chain has warned the education system is in danger of being over digitised, amid the rise of educational technology. As schools are encouraged to invest in "ed tech", a recent report by the Nuffield Foundation highlighted a lack of "evaluation and oversight" of firms providing learning platforms for children. John Uttley, who leads 12 primary and secondary schools in East and North Yorkshire, said he had seen "no evidence that [devices] are more beneficial than other methods of teaching".The government, who announced £4m of funding towards developing AI tools to help mark work and plan lessons last year, has been approached for comment. Data provided by technology company estimated that 1,203 ed tech companies were operating in England in 2025, up from 1,017 in industry has an estimated worth of £6.5bn, according to the firm, with 90% of primary and 92% of secondary schools currently using these learning platforms in England. Mr Uttley, CEO of The Education Alliance which has schools in Naburn, Driffield and Beverley among others, said: "We should rightly worry about this generation being so reliant on smartphones, on tech. "It risks sending a mixed message around saying on the one hand be careful how much you're on a screen and then saying the main way we are going to learn in a school is through a screen." Nuffield Foundation's report, titled A Learning Curve? highlighted a lack of support for schools and school leaders when it came to purchasing educational technology for protection and the risk of data exploitation were areas of concern, drawing attention to the importance of schools fully understanding what pupil data was being collected, how it was stored, and with whom it was of the report Renate Samson said a better understanding of the technology and evidence of the impact on teaching methods and learning outcomes was needed. "It's hard to identify what the benefits are, as there's little research of the effectiveness and efficiency of these products," she said."Some schools are purchasing through word of mouth or lured by big marketing and hype." As many parents struggle to balance children's time on screens with real-life interaction, some worry the use of technology for school work gave them "less control". Mum of two Anna, from York, said: "We try on a daily basis to limit the time they spend on devices. "They say we need it for homework but I'm sure half the time they are then going on other things that aren't homework."Anna's daughter Rosa, nine, said she enjoyed doing her homework on a device, especially maths, as it let her "earn coins" for answering questions Rosa's 13-year-old sister Matilda said she found education apps "overwhelming" and would prefer written homework. "It goes in better [on paper] because I don't have a screen dinging every five seconds showing me something I want to look at," she said. "I'm just focused on it that entire time and don't have anything else distracting me." Some schools, such as Rossett School in Harrogate, have embraced educational secondary school, part of the Red Kite Learning Trust, has been an "iPad school" for the past pupils buy a device through the school for class and homework to "enhance" learning.A firewall is installed during schools hours so only class work can be accessed. Year 7 pupils told the BBC they "loved" using iPads, describing it as "so fun" and "more interesting than writing all the time". 'iPads do what textbooks can't' Head teacher Tim Milburn said he believed working on devices was a great way to engage young people and prepare them for the digital world. "Teachers are able to make decisions where teaching is enhanced by technology making sure young people can use that safely and properly," he said."We can do things on an iPad that we can't do with a text book." Additionally, he said using tech to help with marking could free up teachers and cut their workload."If that can mean more time is spent on planning lessons then that's got to be for the benefit of young people," he said. Many schools were forced to introduce more technology during the coronavirus pandemic but Mr Uttley said The Education Alliance reviewed this once schools returned to said: "We really believe the best teaching happens between an adult and a child and it's very important for children to continue to develop writing skills, reading skills with books and on paper, rather than just always on a screen."Mr Uttley acknowledged that technology can play a valuable role in the classroom, but only when used appropriately."It needs to be used when it really adds to learning," he said."Researching a particular topic on the internet is a perfectly appropriate use of tech but that doesn't mean that whole lessons should necessarily rely on tech."
South China Morning Post
17-07-2025
- South China Morning Post
Charting a course in AI seas: why barristers are still captains of legal ship
The full title of 'barrister at law' apparently traces back to 16th century England, providing pleading and advocacy services. Since then, little has changed. Around that time, in the mid-16th century, something else happened in Europe: the Scientific Revolution. Since then, everything has changed. The name and the services of barristers have not changed, but in the last quarter of a century, digitisation and the internet have brought about evolutionary changes to the way barristers provide their services. More and more legal resources have become digitised and accessible through the internet – gone are the days when barristers had to compile a database or run to one compiled by others; a few clicks in front of a screen (including the clicks required to confirm your purchase) will give you access to any legal database you will ever need. Technologies have hitherto nudged barristers on in the services they provide, by opening up to every barrister oceans of legal databases and voyages their biological brains are capable of charting.
