New Delhi: Technology is playing an ever more critical role in retail, in the wake of the Covid-19 crisis, said Hari Vasudev, Country Head and Sr. Vice President-Technology at Walmart Labs India, during his keynote address at the RetailTech Virtual Summit, 2020, organised by ETRetail.com. Every retailer is using technology more and more across their businesses said Vasudev. We believe that technology is the linchpin to power the next retail disruption, he said."From using machine learning to artificial intelligence to create a more personalised experience for the customers, to demand forecasting at a store item level using data sciences; to track and trace the supply chain via IoT, to robots in distribution centres and stores, I can just go on and on about how technology is shaping the next generation of retail. The point is that technology is everywhere in the retail value chain today," said Vasudev during his address.According to the top executive, in the last decade e-commerce … [Read more...] about RetailTech Summit: Technology is everywhere in the retail value chain today: Hari Vasudev, Walmart Labs
Global value chain analysis
The digitisation of the media landscape presents many opportunities as well as challenges to established players and newcomers alike. The Global Media Forum 2020 will discuss all these prospects and examine what contributions the inevitable digitisation of media and news can make to safeguarding the values of pluralism around the world. … [Read more...] about DW Global Media Forum 2020 digital: Pluralism. Populism. Journalism.
They include cultural themes like the "Le Hoi Dau Nam" (New Year Festival) by Vietnamese artist Nguyen Gia Tri, who pioneered the transformation of of decorative lacquer pieces to elaborate works of art. He is known as the father of Vietnamese modern lacquer paintings. … [Read more...] about Prominent Vietnamese artworks go under online hammer in global sale
Paris: Although crude prices have rebounded from coronavirus crisis lows, oil execs and experts are starting to ask if the industry has crossed the Rubicon of peak demand.The plunge in the price of crude oil during the first wave of coronavirus lockdowns -- futures prices briefly turned negative -- was due to the drop in global demand as planes were parked on tarmacs and cars in garages.The International Energy Agency (IEA) forecast that average daily oil demand will drop by eight million barrels per day this year, a decline of around eight percent from last year.While the agency expects an unprecedented rebound of 5.7 million barrels per day next year, it still forecasts overall demand will be lower than in 2019 owing to ongoing uncertainty in the airline sector.Some are questioning whether demand will ever get back to 2019 levels."I don't think we know how this is going to play out. I certainly don't know," BP's new chief executive Bernard Looney said in May.The COVID-19 pandemic was … [Read more...] about Analysis: Big Oil confronts possibility of terminal demand decline
Shahid Akhter, Editor, ETHealthworld, spoke to Gyan Pandey, Global and Group CIO, Aurobindo Pharma to know more about the role and impact of digital technologies in Covid-19 scenario. How do you see covid 19 impacting the pharma industry and the challenges therein? The Pharma industry is bound by many factors like transparency, quality, safety, efficiency and of course regulatory. Complex processes and stringent requirements are a way of life for the pharma sector. When we all are facing a crisis of mammoth proportions, our responsibility to make sure that the required medicines reach the end consumer in the right condition and at the right time. Digital technologies are enabling us to adapt to the highly dynamic and volatile times of today. Technologies like IoT, AI, blockchain, RFID, etc are helping us to have an end to end visibility of the whole process and thus, making sure that the highest quality product reaches the customer. Do you think AI can play a lead role in resolving the … [Read more...] about The most common use of AI in pharmaceuticals is in drug discovery : Gyan Pandey, Global & Group CIO, Aurobindo Pharma