"The digitalization of the economy is inevitable and, if we do not control the foundation of this digitalization, we have no future," it adds.
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But digitalization for the industry could be revolutionary as well.
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But we are actually diversifying into more digitalization of products.
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Digitalization is not only creating a deafening cacophony of voices.
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Targets will include global spending, organization and digitalization of the business.
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Digitalization is speeding up everything, making us woozy and, often, unnerved.
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People are going to lose a lot of jobs from digitalization.
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The Enabling Digitalization Index, compiled by trade credit insurer Euler Hermes, ranks countries on their level of "digitalization" - that is, how a country uses technology to digitize businesses and facilitate the cross-border flow of data.
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He added that the bank would focus on digitalization and efficiency measures.
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But, what exactly is digitalization and why should the average person care?
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"He'll put more emphasis on digitalization, technologies, and machine learning," West added.
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JIM CRAMER: -- digitalization killing the market -- ELIZABETH WARREN: No kidding, no kidding.
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China's Alibaba and Israel's Trax are following the digitalization-in-a-box model.
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To keep its edge Bauer says his firm is focusing intensively on digitalization.
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The impacts of trade digitalization go far beyond the industry or firm level.
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"Digitalization will change our industry, it will change our company," Appel told CNBC.
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The man had attended a seminar this week on digitalization in the Norwegian Parliament.
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I was doing computer graphics, CG modeling, digitalization of architectural design and automotive design.
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Advances in digitalization exacerbate the risks related to banks' legacy IT systems and cyberattacks.
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Additiv provides systems to help with the digitalization of banks, asset managers and insurers.
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News conference to present its digitalization with new channels, apps, digital payment (0903 GMT).
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"Cooperation needs to be put on a completely new footing due to digitalization," Merkel said.
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There are also concerns about the lack of digitalization and a low interest rate environment.
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We use new technologies, alternative business models, monetization strategies and digitalization to fix those problems.
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"With increasing digitalization, we have to be prepared to defend against anything coming," he said.
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"Digitalization is starting to come together for Siemens," said Jefferies capital goods analyst Peter Reilly.
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Digitalization also gives the consumer a louder voice and a closer relationship with the manufacturer.
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"On balance, respondents see digitalization having a small negative impact on employment," the ECB added.
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The previous industrial revolutions of steam, electricity, and digitalization brought their own changes and disruptions.
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I was interested in WikiLeaks, F.O.I. [Freedom of Information] activism, sampling, the digitalization of music.
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Well, digitalization, anyway, I think is a fact of life, because it brings so many advantages.
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It added that the increased access to the internet was part of Cuba's digitalization of society.
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All the digitalization is proprietary, concentrated in the hands of wealthy companies like Amazon and Walmart.
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"We are pretty much done building the house of industry digitalization," the source said on Thursday.
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Under his leadership, Allianz in Italy made great strides in the digitalization of its Italian business.
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But it needs to look for new businesses based on emerging technologies, from fisheries to digitalization.
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The ad company said it will make "substantial investments," in particular in digitalization in train stations.
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In many ways, healthcare isn't different than any other industry in its ability to resist digitalization.
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The EU seems determined to do more to increase the digitalization of the European-wide economy.
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It's fair to say that digitalization has shaken up industries across the globe as of late.
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Siemens, based in Munich, Germany, is a technology company with interests in electrification, automation and digitalization.
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That makes its product range a play on the major industry trends of digitalization and renewable energy.
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The Greens want to boost investment in environmentally friendly technologies as well as infrastructure, digitalization and education.
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Industry 4.0 is a term coined by German manufacturers for the digitalization and automation of assembly processes.
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The report accompanying the index estimated that digitalization currently contributed 9.4 percent to the world's economic output.
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Why it matters: Wealthy retail chains everywhere are surging ahead in digitalization, luring shoppers with custom applications.
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The internet and digitalization forced the news media to change, but the change was reactive, not proactive.
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Digitalization scores have significant and positive effects on real annual wages even when controlling for education level.
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But the prospect of added spending on education and digitalization projects could appease some leftist SPD voters.
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"In the age of digitalization, pictures prove to be a crucial element in communication," the proposal reads.
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It has clear market leadership in cloud computing, which is the backbone of digitalization across different industries.
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"In the age of digitalization, pictures prove to be a crucial element in communication," the proposal says.
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The impacts of the digitalization of the economy on the international tax system remain key outstanding issues.
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Siemens said it would ramp up its investment in the internet of things, electric mobility and digitalization.
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"At least 2,000 new jobs related to digitalization are to be created," the Wolfsburg-based company said.
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The print mediums expand, incorporating new techniques like digitalization as well as antique fabrics and poetic texts.
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Using digitalization we will fast forward the future of healthcare, making it patient focused, proactive and economically sustainable.
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STOCKHOLM Riksbank Deputy Governor Cecilia Skingsley is giving a speech on the effects of digitalization on the economy.
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"For everybody the challenge is huge, with the focus on electro-mobility, digitalization and autonomous driving," he said.
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"Moving the control room onshore is a key part of Aker BP's digitalization and improvement agenda," Faret said.
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The bottom line: As the digitalization of energy accelerates, policymakers must encourage the industry to prioritize emissions reduction.
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But the digitalization of art means a lot more people across the world are looking at the stuff.
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Although that stigma has disappeared, the digitalization is "not replacing a physical play opportunity, it's complementing it", she said.
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Outside the U.S., top companies are selling their tech know-how in the form of digitalization-in-a-box.
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"We Europeans must at last fully play out our strengths in digitalization," said Christian Sewing, Deutsche Bank's deputy CEO.
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As digitalization takes hold, it needs to compete with technology giants, as well as other miners, to win talent.
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Audi said in December it would invest 14 billion euros through 2023 in electric mobility, digitalization and autonomous driving.
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We welcome the OECD interim report analyzing the impact of digitalization of the economy on the international tax system.
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Just as digitalization has transformed the financial services industry, it too will soon have its progressive grip wrapped around education.
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Following is a summary of the main policies agreed: * Invest 5.95 billion euros in education, research and digitalization by 22020.
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That is because education is traditionally the preserve of Germany's 16 states - another example of bureaucracy slowing the digitalization drive.
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"So digitalization remains the core, so merging or acquisitions with other banks that is not on the agenda," he said.
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"In the exploratory talks, the word digitalization has been used a lot, but the big picture is missing," Berg said.
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SR: How does this effect of digitalization (where everyone knows everything) connect with this loss of locality that you mentioned?
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"In the past we had quite a vertical integration," Jens Monsees, BMW Group's vice president of strategy digitalization, told CNBC.
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Christopher Pissarides: You see here the question again about global supremacy that they call in digitalization is a political one.
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The multilateral OECD process offers the greatest potential for long-term success in resolving complex tax issues created by digitalization.
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You know investing in IT, in digitalization requires human capital, a different you know a different type of human capital.
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The central bank is also evaluating the best way to measure inflation, given the effects digitalization are having on consumer habits.
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Analysts said Le Peuch's deep background in technology will be critical at a time when digitalization is changing the oil industry.
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The World Economic Forum predicted in 2017 that the digitalization of the global energy industry would bring a $1.5 trillion benefit.
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The first industrial revolution was based on water and steam, the next on electricity and the third on information and digitalization.
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If additional funds do become available, Merkel said they should primarily go toward expanding digitalization, foreign policy, security and development aid.
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"Many banks, as the entire economy, have missed the train of digitalization and need to invest big time now," Brzeski added.
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However, no need to worry: computers will create opportunities and find purpose for those left behind in the age of digitalization.
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"Mediocrity was the dominating element of big conglomerates and, in the new digital age, digitalization goes exactly after mediocrity," he said.
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The bank's 2020 business development plan broadly aims to update the bank's operational model and improve operating efficiency and accelerate digitalization.
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Here is a list of the main contentious policies: NEW SPD LEADERS WANT - INVESTMENT: Massive investment in schools, infrastructure and digitalization.
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Various figures have been mentioned, including 240 billion euros ($20213 billion) for schools, roads, railways, and 100 billion euros for digitalization.
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Rome, conference on "Improving work-life balance: opportunities and risk coming from digitalization" with Public Administration Minister Fabiana Dadone (33 GMT).
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Rome, conference on "Improving work-life balance: opportunities and risk coming from digitalization" with Public Administration Minister Fabiana Dadone (10003 GMT).
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Rome, conference on "Improving work-life balance: opportunities and risk coming from digitalization" with Public Administration Minister Fabiana Dadone (0700 GMT).
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Investors want Carrefour's new CEO to boost performance of the French hyper markets and to catch up in the digitalization of retail.
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Innovation and digitalization doesn't change the culture of news media if it's not brought into the very core of the news business.
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Deutsche Bank, for example, has cast itself as a leader in digitalization, a broad concept for improving customer engagement through process automation.
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He added that there was a need for scale to meet sizeable investment requirements related to compliance, digitalization and new accounting standards.
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The Center for Strategic and International Studies (CSIS) is hosting an event on digitalization in the industrial sector at 10:85033 a.m.
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Missoffe said France was still behind in terms of digitalization, given that only 16 percent of companies have embarked on e-commerce.
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But the growing digitalization of the economy has prompted the EU to look at how it can foster data flows without compromising privacy.
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"The potential created by digitalization, data and artificial intelligence will help put fewer employees on some tasks, while reinvesting in others," he said.
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Ultimately, this is where the true digitalization of products comes into view, a powerful notion that has the potential to redefine materialism altogether.
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"If you don't have the infrastructure, you cannot have a successful digitalization of the economy," said OECD telecoms and internet expert Verena Weber.
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Data: Brookings "Digitalization and the American workforce" report; Interactive: Lazaro Gamio / Axios Go deeper: People in highly digitized jobs earn more, report finds
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Digitalization paves the way for innovation, with internet platform companies and firms offering virtual reality and augmented reality technologies among the main beneficiaries.
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Midea's offer has prompted Berlin to consider how crucial Kuka's technology is for the digitalization of industry, an economic priority for Merkel's government.
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Lippo said in a statement that the investment would be done through its Hong Kong arm and would contribute to the group's digitalization.
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"The digitalization of the economy is exaggerating the urban-rural divide," said Mr. Sundararajan, who studies the technology industry's role in the economy.
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Meanwhile, the country yearns for a comprehensive approach to migration, a strategy for digitalization, educational reform and a long list of infrastructure upgrades.
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"Thanks to globalization, and to an increasing extent digitalization, wage growth today is picking up less rapidly in response to low unemployment," he wrote.
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"The far-reaching effects of digitalization are stimulating a fundamental re-think of the role of banks, in most advanced financial centers," Shanmugaratnam said.
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"So far, we've seen lots of traction from enterprises which have digitalization projects running and need a reliable third party software provider," adds Kinigadner.
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"Very competitive environment forcing operational excellence and digitalization," Michelin said in slides on its website, to accompany an investor presentation in Spain on Thursday.
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De Loecker said digitalization was making pricing tougher due to transparency, although he said that only underlined the need to invest in new products.
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Investor AB, ABB's largest investor with a 10.7 percent stake, said it supported the ABB strategy of focusing on digitalization, electrification, automation and robotics.
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The sub-categories across all four major categories included government digitalization, education, environmental action, LGBT+ equality, right to protest, affordability, and concerts, among others.
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Total score: 83.09Top-scoring categories: AI industry (100), entrepreneurial spirit (100), government digitalization (94.13)San Francisco is home to Silicon Valley, America's startup hub.
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Total score: 83.11Top-scoring categories: right to protest (98.05), government digitalization (94.07), access to healthcare (91.91)German healthcare is among the best in Europe.
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Aerospace is one of many industries grappling with the challenges and possibilities of "digitalization," using rich data to improve production or develop new services.
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"The reasons why inflation is not where we want it to be are mostly beyond our influence: globalization, the digitalization of retail," he said.
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What's next: The Chinese are taking their digitalization-in-a-box concept abroad — with the potential to fuel a grassroots retail revolution beyond China.
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"We continue to work on reducing costs including investment in digitalization which we believe will help reduce costs in the long run," it said.
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"We continue to work on reducing costs including investment in digitalization which we believe will help reduce costs in the long run," it said.
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"We are entering into an economy built on innovation, skills, digitalization," said Mr. Macron in an interview Thursday with the weekly newsmagazine Le Point.
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"We need orientation for our country, orientation for our party," Merkel said, citing public concerns about globalization, digitalization and unease about establishment political parties.
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Bochkaryov was detained on Friday at Oslo airport as he prepared to fly out after attending an international seminar on digitalization at Norway's parliament.
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Access to capital no longer represents a barrier to the digitalization of small businesses, according to experts speaking on a panel earlier this week.
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A recent International Monetary Fund paper estimates that after subtracting the jobs it eliminates, digitalization accounts for up to half of all job growth.
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Related: Best Teenage Artists in the US Showcase Latest Art at Miami Art Week Looking at the Future of Comics: Will They Survive Digitalization?
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One of the measures announced by the company to target the problem and help small business owners capitalize on digitalization has been Google My Business.
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Though written years ago, we can clearly see Toffler's predictions come to life today, through the digitalization of our lives and the globalization of business.
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That delay is despite the massive digitalization of bank transfers and accounting over the past few decades that should have made paychecks far more regular.
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A strong proponent of female quotas for supervisory boards in companies, Kramp-Karrenbauer has made digitalization and boosting ties with neighboring France her pet projects.
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He added that he expected the company to profit from several megatrends: growth in online shopping, mobile payment and digitalization of the point of sale.
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"Accelerated simplification and digitalization delivered substantial cost savings this quarter, resulting in a solid growth in adjusted EBITDA after leases," Ibarra said in a statement.
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The strength of the modern economy depends on our collective ability to achieve innovation and inclusion in an era of rapid digitalization and demographic change.
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Wat said that while she recognizes that automation and digitalization are trends that are directly impacting her business, her company has been able to adapt.
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Tomasi said Autostrade would present a new business plan to 2023 in January with a focus on research and development, new management models and digitalization.
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Tomasi said Autostrade would present a new business plan to 2023 in January with a focus on research and development, new management models and digitalization.
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It added that the "threat to environmental sustainability, rapid digitalization, globalization and evolving financial structures" have further transformed the monetary policy environment, including inflation dynamics.
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He also said too many people have been left out of the conversation on the three biggest forces changing our world: globalization, digitalization and sustainability.
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Chief executive of cosmetics giant L'Oreal Jean-Paul Agon welcomes digitalization with open arms, telling CNBC that he remains optimistic on what technology can bring.
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In addition, technologies enabling instant claim processing, better underwriting tools or enhancing agents' capabilities by digitalization can cut down the operational costs on a massive scale.
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Digitalization of the economy could raise aggregate supply and hold back inflation pressures or it could boost inflation as the economy approaches full capacity, he said.
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Asked how many jobs at Allianz would survive the group's push for automation and digitalization, Baete said he could not guarantee any jobs, including his own.
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Osram's Digital division bundles the businesses that seek to benefit from digitalization in fields ranging from electronic components and lighting systems to software for lighting management.
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"In this time the whole world is going towards digitalization and people are likely to be spending more time on display devices," Singh said by email.
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Total score: 79.35Top-scoring categories: right to protest (98.05), government digitalization (94.07), access to healthcare (91.77)Like all German cities, Frankfurt offers universal access to healthcare.
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Chief Executive Ulrich Spiesshofer is expected to highlight how ABB can improve Power Grids and exploit trends like renewable energy and the digitalization of power technology.
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KP: We are keeping pace with the principal trend in 33D technologies: the digitalization of the world around us, with the purpose of its further virtualization.
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Merkel told a news conference that she felt the competition would be strongest in areas such as research, tax policy and digitalization, rather than foreign policy.
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Both Hamers' experience of digitalization and on cost cutting will be much needed at UBS, where current CEO Sergio Ermotti has struggled with persistently high costs.
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"The surveys show that too many teenagers are ignoring or are unaware of new types of jobs that are emerging, particularly as a result of digitalization".
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However, sales in the high-margin U.S. dropped during the quarter and digitalization investments as well as costs related to the acquisition of Germany's Kathrein rose.
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The globalization and digitalization of recent decades have created an interdependent world, one in which problems abroad have a nasty habit of causing trouble at home.
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Digitalization and evolving industry dynamics will certainly impact how we do business, but the value of the advice that financial advisers provide to clients will endure.
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These are just a few features that we are releasing with, but our vision is to pursue the digitalization of the industry to fulfil our mission.
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The conservatives and the SPD have agreed tax relief of 10 billion euros for citizens and want to introduce tax incentives for companies investing in digitalization.
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At the center of these collections are Michèle Gates Moresi, who oversees the museum's acquisitions and conservation efforts, and Laura Coyle, head of the museum's digitalization programs.
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The idea of a cashless society is one of the topics that stirs up a heated debate when it comes to the digitalization of banking and society.
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"The first companies will become profitable this year and we are excited to be a key player in driving the digitalization of the European financial market forward".
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FA: I think that digitalization is not only a theme for manufacturers, it's also for us, and I see that as a huge opportunity for many parts.
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"This investment will enable Cainiao and ZTO to supercharge joint innovation and development to accelerate digitalization of the industry," Cainiao President Lin Wan said in a statement.
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"A study has shown that if banks don't invest in digitalization, they will lose 30-35 percent of their revenues over the next five years," he said.
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BERLIN (Reuters) - German Chancellor Angela Merkel said on Monday that openness, not populism, polarization or isolation, was the answer to the world's challenges of globalization and digitalization.
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Descending from the policy plane to the operational level, one finds not just challenges but limitless possibilities in international business resulting from the digitalization of global commerce.
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"We don't want to be driven by digitalization; we want to be in the driver's seat," said Christian Sewing, Deutsche Bank's board member responsible for the endeavor.
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The victory over "real existing socialism," as they called it in East Germany and elsewhere, plus globalization and digitalization, gave the free-market economy an ego boost.
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"Charging people is O.K. but in my opinion, everyone should be charged," said Johannes Mueller, 2000, who was in town from Munich for a conference on digitalization.
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What is clear, though, is that Japan's big banks themselves recognise the need for change, pointing to digitalization as a way to cut costs and boost profits.
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Angela Merkel said Wednesday that Germany needed to modernize and embrace the "digitalization" of its society and economy, no matter how disruptive such technological change might be.
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Kongsberg was picked for an eight-year deal to supply weapons technology and digitalization systems to 490 armored vehicles that will be produced by France's Nexter, it added.
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"In the growth markets of automation, industrial digitalization and smart infrastructure, Siemens wants to grow significantly and further expand its leading position," the company said in a statement.
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Wage rises — a key element in inflation — are likely to remain subdued while globalization and digitalization seem to be keeping price pressures low across much of the world.
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The group has set up a so-called future lab in China to fuse digitalization experts with designers and enhance work on how people interact with their cars.
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Japan boasts a capital-rich, technologically sophisticated economy, and Japanese companies share many of the concerns of U.S. firms about the challenges of global trade, innovation, and digitalization.
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Raising its guidance for the fourth time in the last one year, the company said its customers continued to invest in new IT infrastructure, including digitalization, last year.
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The higher expected costs, driven by IT-related regulatory compliance and digitalization expenses, "partly takes the shine off the headline earnings upgrade," analyst Kapilan Pillai of Jefferies said.
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Wilkins said the Bank of Canada is currently looking at what impact digitalization and automation might be having on the labor market and the transmission of monetary policy.
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And the second part is, which I think is very apparent in the entire programme, is the true impact of digitalization on society and on businesses like Adidas.
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In 2002, a one-point increase in digitalization score predicted a $166.20 (in 2016 dollars) increase in real annual average wages for occupations with the same education requirements.
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Other projects included in the investment package involve enhancing digitalization for Dubai's Expo 2020, for which Siemens has been named a Premier Partner for Intelligent Infrastructure and Operations.
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Investors want Bompard to catch up in the digitalization of retail, notably after Amazon's $13.7 billion bid to buy Whole Foods Market sent shockwaves through global food retailers.
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The move is aimed at making books and printed media affordable as well as supporting publishers that have been disadvantaged by the digitalization of the industry, Erdogan said.
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But economists say the government could turn the growth momentum into a longer term solid expansion by implementing structural reforms and increasing investments on infrastructure, digitalization and education.
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The so-called "digitalization of the bedroom," defined by our inability to part with our phones/laptops/televisions before bed, has already been linked to various sleep disorders.
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Nor is she shy about the allure of the low: greeting cards, cartoons and children's book illustrations; embroidery, sequins and felt appliqué; elaborate uses of digitalization and printing.
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Modern research tools—particularly the digitalization of thousands of local newspapers on both sides of the Atlantic—enabled me to fill in many of the gaps in his story.
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Digitalization means electricity networks, emergency services, industry and agriculture are all vulnerable to hacking by criminal gangs for extortion or, for political reasons, by militant groups or foreign states.
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The answer is simple: If you buy products, consume food or beverages, or live in a community which relies on manufacturing-related jobs, you will be impacted by digitalization.
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Total score: 80.70Top-scoring categories: right to protest (100), government digitalization (100), LGBT+ equality (95.77)The Danish government grants its citizens full freedom of speech, which includes the press.
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Total score: 86.03Top-scoring categories: coworking spaces (98.12), concerts (96.97), government digitalization (94.13)New York City is full of opportunity, and that includes opportunities for small businesses and freelancers.
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We now spend two hours a day reporting quality measures, but what needs to be mandatory in the age of digitalization is the art of story gathering and storytelling.
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Niccol decided to make the second make line and its digitalization one of his top priorities, the center of a universe of expanding dimensions where Chipotle could grow sales.
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"The record earnings and return on equity (ROE) progression demonstrate the strengthened profitability of our franchise from digitalization, a shift toward higher-returns businesses and more nimble execution," Gupta said.
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"The interactions of humans and machines is throwing up new ethical questions in the age of digitalization and self-learning systems," German Transport Minister Alexander Dobrindt said in a statement.
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Volkswagen has said it aims to invest more than 11 billion euros in electric vehicles, digitalization, autonomous driving and mobility services by 2023, with the bulk earmarked for electric cars.
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And the gulf is growing: In 2002, a 1-point increase in a job's digitalization score, as measured by Brookings, predicted a $166.20 rise in annual income in 20163 dollars.
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Total score: 84.53Top-scoring categories: right to protest (98.05), government digitalization (94.07), access to healthcare (91.68)The German government is taking big steps to bring Berlin into the digital age.
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The print mediums expand, incorporating new techniques like digitalization as well as antique fabrics and poetic texts, and her final efforts resemble an environmental painting, tinged with love and blood.
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To Wat, her job as an employer is to make sure all of her employees are marketable and able to adapt to the changes that come with automation and digitalization.
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In offshore drilling, where rig rates tend to drive costs, the industry overall might be able to use rigs for 2,000 fewer days through more digitalization and automation, Woodmac said.
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The company is planning to use the funds from its proposed sale of Capio France to pay down debt, return cash to shareholders, and invest in areas such as digitalization.
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A company source told Reuters that management would also reduce orders assigned to external development service providers and shift funds from that area towards electric cars, autonomous driving and digitalization.
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BEIJING (Reuters) - China's commerce ministry said on Thursday that the nation has good potential in cooperation with Germany in sectors such as digitalization, new energy cars, artificial intelligence and driverless cars.
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Major central banks from the Bank of England, Bank of Japan and the European Central Bank are grappling with how to boost inflation and digitalization presents a further challenge, Pomeroy said.
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They also want Bompard to do more regarding the digitalization of Carrefour's retail business, given Amazon's $13.7 billion bid in June to buy Whole Foods Market, which shook up the industry.
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They also want Bompard to do more regarding the digitalization of Carrefour's retail business, given Amazon's $13.7 billion bid in June to buy Whole Foods Market, which shook up the industry.
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"Even if digitalization may be a key priority for Merkel, we don't expect deep reforms... given the lack of pressure in a very benign economic environment," he wrote in a note.
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Data: Brookings "Digitalization and the American workforce" report; Interactive: Lazaro Gamio / Axios The chart: Each arrow tracks workers in an occupation and what they earned on average between 20.2 and 260.
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At the same time, Audi is pushing forward with the digitalization of its automobiles and plants, and is expanding its business model with new digital services such as "functions on demand."
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Much of that growth could come from financial technologies: A McKinsey report on Indonesia's digitalization said fintech firms could add up to 10 percent of GDP to Indonesia's economy by 2025.
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"Niels managed to transform a traditional industrial company into a technology leader," Knudstorp told Reuters, adding that his experience in digitalization and localization will help improve products and efficiency at Lego.
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PRAGUE (Reuters) - The Czech Banking Association said on Monday it welcomed a proposal to create a national development fund to help invest in social issues, education, transportation or the economy's digitalization.
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The report had concluded that more far-reaching cooperation would enable the ports to respond between to future challenges, such as digitalization and a transition to more green forms of energy.
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And at the same time there are structural changes, such as digitalization, which have massive impacts on pricing powers; the effects of ageing, globalization, and the rise of the service sector.
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Former Greens Foreign Minister Joschka Fischer urged the coalition to speed up euro zone reforms and digitalization, saying that Europe risked losing out politically and economically as China accelerated its technology developments.
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This tech push in education comes after China's Education Ministry required governments at all levels to spend a minimum of 8 percent on digitalization of education, according to the report by 500Startups.
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Both City Lights institutions have survived the ongoing corporatization and digitalization of the book publishing business and remain as sources for writers and readers seeking vanguard American literature packed with subversive energy.
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Spiesshofer said the B&R purchase would make ABB the only industrial automation provider offering customers the entire spectrum of technology and software solutions around measurement, control, actuation, robotics, digitalization and electrification.
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The VW brand aims to invest more than 11 billion euros in electric vehicles, digitalization, autonomous driving and mobility services by 2023, with the bulk earmarked for electric cars, the company said.
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"The digitalization of industrial America means a new industrial policy, and the answer to the question is reskill workers and change the way we supply capability to our school system," Liveris said.
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"The government still believes the most sustainable long-term solution to the tax challenges arising from digitalization is reform of the international corporate tax rules," the UK government said in a statement.
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While the survey backed this theory in the case of companies in the services sector, it added that for goods producers, digitalization actually increases their flexibility and the scope for raising prices.
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Total score: 82.13Top-scoring categories: digitalized mobility (100), government digitalization (94.46), environmental action (92.19)Paris became the site of a global climate change conference in December 2015, which created the Paris Agreement.
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Problems in the town ranged from a patchy mobile network and small firms facing problems with digitalization to low pay, with some people earning less than 10 euros an hour, he said.
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As part of the deal, Siemens said it would invest an extra 100 million euros to develop skills for those whose jobs have been affected by the changing industry, including increased digitalization.
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" He said during a speech Friday that an argument has been made suggesting "structural changes due to globalization and digitalization have made it more difficult for central banks to stoke domestic inflation.
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"Human lives don't necessarily fit into a public-sector I.T. system," said Morten Hjelholt, an associate professor at IT University of Copenhagen who has studied how digitalization has affected the Danish society.
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HSBC's cuts in its equities business follow similar moves by European peers in recent years, as the digitalization of the business and regulations to protect investors have combined to slash banking margins.
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The I.M.F. paper argues that the economy is bound to slow in coming years, but will slow much more sharply if digitalization stalls than if it continues at the current rapid pace.
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"Siemens is investing heavily in the future of China and partnering with the country and many customers on its way to digitalization," the Munich-based group's Chief Technology Officer Roland Busch said.
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While commissions edged up by 5 percent during the quarter, the digitalization plan expanded its scope and ambition — both within the French Retail Banking division and throughout the rest of the firm.
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"Against the backdrop of digitalization and changing customer requirements, Lufthansa recognized that the company needed to modernize the aircraft appearance in order to remain up to date," the airline said a statement.
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"These are the mainstays of middle-skill employment in America, and they are transforming at breakneck pace," says Mark Muro, who has studied the digitalization of American jobs at the Brookings Institution.
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The findings will galvanize demands by the Social Democrats, junior coalition partners of Chancellor Angela Merkel's conservatives, to increase spending on infrastructure, education and digitalization fewer than 8 months before the election.
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"We welcome the recent progress on addressing the tax challenges arising from digitalization and endorse the ambitious work program that consists of a two-pillar approach," the ministers said in a statement Sunday.
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WARSAW (Reuters) - IT systems at public institutions all over Poland broke down on Tuesday morning making it impossible for citizens to apply for new identity documents or register cars, the digitalization ministry said.
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"We're in the midst of another industrial revolution," Jeanneret said in an interview, referring to the adoption of blockchain, artificial intelligence, robotics and the disruption that digitalization is bringing to industry and business.
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IG Metall, Germany's most powerful union, is also calling for an improvement in the group's pension scheme and the increased hiring of trainees to cope with challenges to the auto industry including digitalization.
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"Our decision creates important conditions for the digitalization of our economy and society," BNetzA head Jochen Homann said in a statement, adding the arrangements would create conditions to roll out the network quickly.
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The rapid diversification brought by renewables, coupled with growing competition and digitalization in traditional European power and gas, has lowered margins, shortened contracts and brought an explosion of data for traders to consider.
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BEIJING, May 24 (Reuters) - China's commerce ministry said on Thursday that the nation has good potential in cooperation with Germany in sectors such as digitalization, new energy cars, artificial intelligence and driverless cars.
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In short, the "digitalization of everything" is exacerbating the unevenness of America's economic landscape and making it increasingly likely that new tech headquarters go not to new places, but to the same places.
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Globally, automakers are embracing Industry 4.0 — a term coined by German manufacturers for the digitalization and automation of assembly processes — and the consensus is that fewer people will be required in future factories.
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In addition – thanks to innovation – we might also achieve even greater predictability, increased safety, and more efficiency through digitalization, which may make nuclear an even more appealing energy source for Trump to support.
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She said it was necessary to prepare Germany for a dramatic change via digitalization, and she called for research spending to be tax-deductible to encourage small firms to carry out more research.
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TOUGH NUT TO CRACK "With the rising customers' needs of fintech, it is essential for banks to promote the strategy of digitalization," said Ryoji Yoshizawa, a senior director at S&P Global Ratings.
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Together they should lead by example and expand their model of integration to new regions in the EU. The digitalization and a Nordic digital market is an example of practical cooperation that works.
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"I am convinced the coalition treaty can be the basis of a good and stable government," she said, adding that solid finances, infrastructure investment and digitalization would be key focuses for the government.
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"The Group will lower expenses by 100 million francs by further enhancing market focus and related prioritization of resource allocation; leveraging automation and digitalization; and applying stricter performance management," Baer said in a statement.
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While globalization and digitalization have eroded wages and benefits in many developed countries, Holger Schaefer, labor market expert at the Cologne Institute for Economic Research noted the demographic time bomb was ticking elsewhere too.
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OSLO, Oct 29 (Reuters) - Norway's Aker and Saudi Aramco, the world's biggest oil producer, have signed a memorandum of understanding to cooperate on industrial digitalization and green solutions, the Norwegian company said on Monday.
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Digitalization also replaces low and medium-skilled jobs but not high-skilled positions, making retention of top workers an essential issue, the ECB said in an article based on the survey of 74 companies.
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The more than 1,800 attendees who flocked to this week's FundForum International summit in Berlin could not escape the keen focus on digitalization and the growing pressure on managers to harness its anticipated benefits.
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"2018 is a transitional year for the H&M group, as we accelerate our transformation so that we can take advantage of the opportunities generated by rapid digitalization," Chief Executive Karl-Johan Persson said.
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But Monday's talks, on education, digitalization, pensions and labor issues, as well as domestic security, were always expected to be less contentious than the immigration, fiscal and climate policies that divided them last week.
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The deal is part of a wider Kongsberg cooperation agreement with Qatari authorities over technology development programs within defense, maritime industry and digitalization, the company said, while adding it saw "huge potential" in the country.
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He said he plans to use higher-than-expected tax revenues to reduce taxes for workers on low and medium incomes and increase investment in digitalization, but said room for further spending hikes was limited.
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The committee, which is also looking at the mandate of the central bank, said parliament needed to decide how the increasing digitalization of the payment market should proceed and the role of cash longer term.
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Merkel's comments came amid a widening conflict with the Social Democrats (SPD), junior partners in her coalition government, about military expenditure, with the center-left SPD favoring moves to lower taxes and investment in digitalization.
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The Nordic region's biggest bank, which has invested heavily in IT over the last three years, said automation and digitalization meant it would shed at least 21,23 of its 32,000 employees and some 2,000 consultants.
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Taranis has all the necessary ingredients to become the leader in farm digitalization: a comprehensive precision agriculture solution, leading industry partners to scale and penetrate the market and a passionate team making it all happen.
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During a press conference in New Delhi, Sitharaman also detailed other steps, including improved insurance cover to banks that lend to exporters and the digitalization of certain services that she said would further bolster exports.
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"We want Germany to remain the top car country in the future," Machnig told Reuters, adding that issues like digitalization and new technologies in motors would decide who stays at the top of the game.
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BERLIN (Reuters) - Axel Springer's digital ads unit Bonial wants to triple its active user base in the United States as it hopes to ride a digitalization wave in the retail sector, its chief executive told Reuters.
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The Federation of German Industry said that, now the auction was over, it was vital to support industrial digitalization - networks to run connected factories are one 5G use - to ensure that Germany keeps its export edge.
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" Raja Hadji-Touma, partner at Corsair Capital, said: "Our investment is the result of a thematic focus on businesses that address new requirements arising from the digitalization of many financial transactions and processes, such as security.
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"The inflation dampening effect of digitalization is likely to been rather small so far," Weidmann said in the German town of Freiburg, adding that even this minor impact was a one-off during an adjustment process.
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The Estonian government has put digitalization at the center of public services, including digital ID cards for all residents, online voting and the online submission of tax returns, which takes two minutes to complete on average.
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The big picture: A vexing aspect of the long U.S. economic expansion has been persistently flat wages and sluggish productivity: semiconductors keep improving and digitalization spreading, yet fundamental economic measures of American well-being have lagged.
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Chancellor Angela Merkel, who is hoping she will be able form a new coalition government with the center-left Social Democrats after September elections, has promised to do more to promote the digitalization of German industry.
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BERLIN (Reuters) - A quarter of German companies are worried that their survival is endangered by digitalization, while a large majority want the next German government to make the topic a priority, a survey showed on Tuesday.
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The survey showed that 85 percent of firms want the next government to make digitalization a top priority, in particular moving to put more government administration functions online and promote digital education and high speed internet.
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Von der Leyen, a member of Chancellor Angela Merkel's conservatives, is pushing for steeper military spending hikes, but she faces resistance from the Social Democrat-led finance ministry, which prefers more spending on infrastructure and digitalization.
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"The high level of digitalization in Sweden, along with the amount of services outsourced to managed service providers, means that there is great risk that several Swedish organizations are affected by the attacks," the watchdog said.
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It was itself the focus of constant innovation, from the advent of sound, color and 3-D, to digitalization, which let smartphones and other devices incorporate both filmless cameras and small screens — hand-held movie palaces.
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Michel, European Parliament President David Sassoli and the head of the bloc's executive arm, Ursula von der Leyen of the European Commission, also said the EU would now focus on fighting climate change and advancing digitalization.
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"This time, the focus will be on economic and trade relations, innovation and digitalization, and climate protection and sustainable development," Merkel said in a message ahead of the visit released by the Indian embassy in Berlin.
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He said that a large percentage of the current employee base at the company is data scientists, and the company has built upon the wave of digitalization that has taken place among small and medium businesses.
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"The digitalization of the restaurant will also help to provide faster and easier services," Just keep in mind that those 'fashionable new things' might include your face being stored in some kind of database of KFC customers.
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Innovation and digitalization doesn't change the culture of news media if it's not brought into the very core of the news business concretely in the daily practices of the newsroom and business development, such as audience understanding.
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The western world has suffered from no economic growth because of low productivity within service industries, and digitalization will allow to improve productivity significantly, and that creates a new opportunity to also share that among the citizens.
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The trend towards the emergence of value-chain specific funds and fund managers will continue, as digitalization is reaching ever further into numerous industry sectors and as Southeast Asia hosts an increasing portion of global supply chains.
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Renner, which was quick among its peers to embrace a digitalization wave sweeping Brazilian retail, is facing increasing competition as competitors such as Marisa Lojas SA and Lojas Riachuelo SA increase their e-commerce business and Amazon.
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Global headcount: 379,000 Being a powerhouse for all things automation, electrification and digitalization, Siemens is known for its various products and divisions globally, covering energy and power generation, to the likes of finance, mobility and health care.
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As I wrote, their battlefield is digitalization-in-a-box — off-the-shelf systems that allow virtually any business, from a mom-and-pop shop to a Walmart, to zoom directly into the exosphere of e-commerce.
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"Given the rapid pace of change, for example in global trade policies or digitalization - and the unclear outcome of Brexit, it is becoming more difficult for companies to foresee a clear trend in their business development," DIHK said.
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Now, oil majors that were slow to seize on shale are seeking further efficiencies by adapting technologies for highly automated offshore operations to shale and pursuing advances in digitalization that have reshaped industries from auto manufacturing to retail.
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VIENNA (Reuters) - The Organisation for Economic Co-operation and Development (OECD) warned Austria that its transition towards digitalization was lagging behind most rich countries, and that the gaps relative to the others have even widened in recent years.
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"We can't delay further investments into the distant future and risk missing out on the chances of digitalization," said Jochen Homann, president of the Federal Network Agency (BNetzA), presenting its annual reports on the telecoms and postal markets.
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Separately, Deutsche Bank is investing 1 billion euros ($1.13 billion) in digitalization, of which 750 million will go to the retail bank, Sewing said, adding that the lender planned to roll out 72 new digital products this year.
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Total score: 77.71Top-scoring categories: government digitalization (94.13), access to healthcare (91.77), environmental action (89.48)In 2013, Seattle unveiled its Climate Action Plan, which aims to limit the greenhouse gas emissions of road transportation, building energy, and waste.
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He announced the deal on the sidelines of the World Economic Forum in Davos, Switzerland, where digitalization is one of the key topics of this year's debates among some of the world's top oil companies and trading houses.
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"We've been living off our past glories and achievements for a while, and slow to adapt to digitalization and AI and even the 'Green Deal,'" said Sophia Besch, of the Berlin office of the Center for European Reform.
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So our objective is really to see how, beyond the more traditional sectors of the economy, how a digitalization, a digital transformation of the economy, if you will, can then position Singapore for a new phase of growth.
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I think that it's both a reaction to the hyper-digitalization and isolation and loneliness to want to find your people and your tribe and community, and just that, fundamentally, people need that to be happy and survive.
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Key among such efforts are the pivot towards a more commission-based business model to ensure increased stability in revenue generation and the broad roll-out of a digitalization plan to improve the bank's efficiency and cost profile.
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When it comes to personalization and digitalization, not only has the group acquired a number of brands to expand its portfolio in international markets, L'Oreal has also showcased a number of products that are customized to consumers' tastes.
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"Demand behind strategic digitalization efforts should prove durable even in a slowing macro environment, supporting growth for well positioned software vendors," analyst Keith Weiss wrote in a note to clients Tuesday, adding that Microsoft, Palo Alto Networks and Salesforce.
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Get advice from two technologists – who are also CEOs – on how to convey the value of complex technology in straightforward business terms, match digitalization priorities across the organization, and be the kind of strategic partner that drives real progress.
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"Of course, we should not turn a blind eye to the things that are going on in the world," Scholz said, pointing to the challenges many western societies were currently facing with the double-crunch of globalization and digitalization.
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Total score: 89.40Top-scoring categories: education (96.87), concerts (95.36), government digitalization (94.13)Los Angeles is a hub for entertainment, with legendary venues like the Walt Disney Concert Hall, the Greek Theatre, and the Hollywood Bowl all in one city.
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Europcar reported a wider adjusted EBITDA loss of 6.2 million euros ($6.8 million) in the first quarter, hurt by additional investments in its digitalization program and losses incurred in its new mobility division, which includes businesses like car sharing.
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Despite Singapore's heavy reliance of trade, the Euler Hermes report found that the city-state's economy would remain resilient in the face of flagging global trade because it was able to find alternate growth strategies and opportunities, including through digitalization.
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On the cost side, he said the company planned to save 1.2 billion reais through digitalization by 2020, with operating cash flow coming to "at least" 20 percent of revenue within three years, up from its current level of 15.4 percent.
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"With the 5G investments made by the carriers this year, and industry digitalization opportunities and growing consumer demand, Huawei will still enjoy double digit growth in this year," Guo said in Mandarin, which was translated into English by an official translator.
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"The new strategy goes in the right direction: focusing and expanding digitalization expertise, more individual responsibility of the individual business units, bundling of service activities and reduction of costs and bureaucracy," said Christoph Niesel, a portfolio manager at Union Investment.
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The Danish company said it had appointed Niels B. Christiansen, 51, who joins Lego after nine years as CEO of Danfoss where by focusing on digitalization he increased sales and turned the firm into a global leader in energy efficiency.
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With its ability to create boutique investment products that are several degrees removed from any tangible asset, it's finance that seems like the most obvious ideological forebear of surveillance capitalism, which uses digitalization to render more of life as tradable commodities.
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In a wide-ranging policy speech to the Bundestag lower house of parliament, the chancellor of 12-1/2 years addressed a range of individual issues from euro zone reform to digitalization and defense, without laying out a cohesive strategic vision.
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BERLIN (Reuters) - German Chancellor Angela Merkel called on Saturday for Europe to set about standardizing rules on using data in Europe, ahead of a visit to the CeBIT technology fair in Hanover where digitalization is expected to be in focus.
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"The resulting savings of around 6 billion euros will secure the strategic operating profit margin corridor of 9 to 11% and will be invested in projects of the future such as electrification and digitalization," the company said in a statement.
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While the newcomers' focus is South Africa, Bank Zero, for one, said it may look at other emerging markets in due course, and investors say because all three have strong IT platforms and use digitalization, it should be easier to expand.
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"Our investment in BIMA underscores Allianz's commitment to digitalization, supporting the growth strategy of the Group in emerging economies, as well as enabling us to serve the so-called 'next billion customers'," said Oliver Bäte, CEO of Allianz SE, in a statement.
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"While our oil & gas EPC business will be transferred to the new JV, ABB will continue to serve the oil, gas and chemicals sector globally with its industry-leading automation, electrification and digitalization solutions," ABB Industrial Automation unit head Peter Terwiesch said.
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HELSINKI, Jan 14 (Reuters) - The Finnish telecoms equipment maker Nokia lowered its cost savings target to 500 million euros ($557 million) from the previous 700 million by the end of 2020 to invest more in 5G technology and digitalization, it said on Tuesday.
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"The international community reaffirmed its commitment to reach a consensus-based long-term solution to the tax challenges arising from the digitalization of the economy, and will continue working toward an agreement by the end of 2020" the OECD said in a statement.
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"I see China as five years ahead of the U.S. when it comes to the extent to which digitalization is integrated into this economy," Arun Sundararajan, professor at New York University's Stern School of Business, said during the same panel discussion Thursday.
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"We have sound finances and made good progress in digitalization, but let me be very clear — we are not leading the way in other areas of the digital world," she told an audience at the World Economic Forum (WEF) in Davos, Switzerland.
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Much of the meeting was dedicated to development in Africa with work centered on two strands: a "partnership with Africa" — comprising continent-wide efforts to promote greater transparency and anti-corruption, women's entrepreneurship and digitalization — and a "Sahel initiative" focused on development in the region.
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I know there's going to be the idiosyncratic areas where a drone could be used for the last mile maybe, but do we really think, despite you being a fan of digitalization and of innovation, do you really think drones is the way forward?
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German politician Ursula von der Leyen, who has been picked by EU national leaders to head the bloc's executive, made her pitch to European lawmakers on Wednesday, promising to focus on promoting the rule of law, competitiveness, digitalization and the fight against climate change.
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"The digitalization of police work has achieved leap-like growth in Xinjiang," Zhang Ping, a counterterrorism officer from Jiujiang, a city in southeastern China, said during a visit to Xinjiang last year, according to an official report on the website of the city's police bureau.
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The ministry said the minister had ordered that funds should be prioritized to pay for digitalization and personal equipment for soldiers, but that meant that at least one planned major international weapons program would have to be postponed unless additional funds were added to the 2019 budget.
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" Mike Lobanov, General Partner at Target Global, said: "omni:us functionality is tested to provide best-in-class quality in claims digitalization… We believe automated claims handling will become a new standard in the insurance industry that will substantially cut costs and make insurance more affordable to customers.
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They are spending like 80 percent of their budget on technology on just keeping things as they are today and AI is about the only thing that can shift that budget so that it can respend the money that will actually go towards the future and digitalization.
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He has already taken steps to overhaul the group's struggling Reebok fitness brand and has said that the U.S. market and digitalization will be top priorities as he seeks to build on a five-year plan launched in 2015 by his long-serving predecessor Herbert Hainer.
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Total score: 81.18Top-scoring categories: government digitalization (97.69), right to protest (97.08), environmental action (90.62)While London is known for its booming tech scene, the city of Manchester is also pioneering digital technologies: It's currently investing £4.1 billion in digital businesses and services throughout the city.
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In another prospective development linking digitalization and trade, Lars Nielsen, Maersk Line chief executive for Latin America & the Caribbean, told delegates at a recent conference in Colombia that his firm is looking at Brazil and eyeing some digital-first freight forwarders that are using artificial intelligence.
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"In conjunction with sharing services and autonomous driving, the digitalization of mobility and the increasing interconnectivity of vehicles will play a key part in significantly reducing the number of vehicles, especially in urban settings," Roberto Diesel, Sono Motor's chief technology officer, said in a prepared statement.
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"I think one thing that has really marked Bernard's tenure as the head of upstream is a move towards digitalization and he has also had a very strong focus on cost control," Jason Gammel, senior oil and gas analyst at Jefferies, told CNBC's "Street Signs" on Friday.
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Morgan Stanley analysts predicted in a report this summer that the online tutoring market for kindergarten to 2300th grade will grow 20173 times, to $22017 billion in 215, spurred by advances in technology and government mandates that at least 21% of education budgets go toward digitalization.
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As an investable situation, Morgan Stanley advises clients to look to technological infrastructure, the Internet of Things and software as one theme; digitalization of old-economy industries as another, and the supercities trends as a third, looking at smart appliances and vocational education among other innovations.
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Unfade may not be the perfect match for more advanced photographers; those of us who enjoy a bit of pixel-peeping and taking full control of the digitalization process would gladly invest the time with a flatbed, negative or drum scanner to get the maximum quality from the images.
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European Union lawmakers have set out a first bundle of proposals for a new digital strategy for the bloc, one that's intended to drive digitalization across all industries and sectors — and enable what Commission President Ursula von der Leyen has described as 'A Europe fit for the Digital Age'.
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In prior quarters, the bank has fallen short of its cost-cutting ambitions, however, during this quarter the lender benefited from efficiencies created by programs that were set in motion a year ago or longer and that included elements such as increased digitalization of certain divisions, such as CIB.
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What do you imagine rapacious companies would ... I think it was certainly imports, but I thought it was also globalization in general, with the internet, with the digitalization, it became much easier for a garment manufacturer or a refrigerator manufacturer to produce overseas rather than in the United States.
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Analytics using ML can be more robust than traditional financial modelling, as it can tap into the streams of "unstructured" (text-based) data that global digitalization and social media are creating, in addition to the millions of corporate press releases, conference-call transcripts and regulatory filings that are produced every year.
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Driving the news: Audi said yesterday it's cutting 9,500 jobs by 2025 as it seeks to boost earnings and navigate the "transformation of the automotive industry towards electric mobility and digitalization" — but it's also adding 2,000 jobs focused on electric vehicles and digital tech, according to the Wall Street Journal.
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What makes digitalization different from earlier changes in media, and the reason it is not wrong to call it a revolution, is that a single technology is promising to absorb a huge number of existing technologies, from paper, vinyl, and celluloid to clocks, maps, newspapers, radios, cameras, telephones, lecture halls.
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Technology related innovation such as "digitalization," blockchain, "robotic process automation," fintech, artificial intelligence, and advanced analytics that help firms streamline operations, reduce costs, and better target client needs, as well as regulations that may limit such innovation due to cybersecurity concerns emerged as the two main themes for 2017 at the summit.
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In spite of the digitalization of newspapers and Mr. Bleck's own struggles with attention deficit (hyperactivity) disorder, he has managed to carve out a niche — and earn a modest living — reciting rhyming versions of the news and selling printed papers, night by night, table by table, in some of the city's fanciest establishments.
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"The idea of one Swede every week was a way of making it authentic and show the openness of how we try to communicate and do things together with people, with a lot interaction and engagement," said Anna Rudels, the head of communication and digitalization at the Swedish Institute, said of the Twitter project.
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Many corporates use the opportunities they have from the digitalization of of the economy and the more virtual world which is linked to that and use the opportunity to pay no taxes or nearly no tax anywhere and it is necessary that we get some agreement so we can avoid this and we get something which is minimum taxation.
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The Swiss division (SUB) "remains committed to achieving its medium-term financial ambitions and it plans to invest a sum in the high three-digit million range in its client business — especially in digitalization, in the hiring of additional employees in client advisory, and in marketing — by the end of 2021," Credit Suisse said in a statement.
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"The good news is that much of Asia is very well positioned to benefit from the digitalization of global business and the shift to services and domestic consumption," BCG said in the report, adding that the region's middle class — which is also among the world's most digital-savvy — is a prime target for the services industry.
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Not involved everybody now calls the old industry, it's all in the new industry but the rest of the world has done a lot R&D developments in the old industries and we are one of the old company becoming very modern with obviously the Internet of Things and the digitalization but clearly I think the U.S. is a country of innovation.
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I think that's the big challenge to leverage on the different businesses that we have in the international investment banking, retail, to really transform and all the investments that we have implemented for digitalization in particular to make a new model that allows for growth to be competitive in the banking sector, which is a big challenge given all the environment that we have: Interest rates, but also Fintech regulation, we have a more stable now picture concerning regulation.
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