Artificial Intelligence
Fnac Darty announces its new strategic plan, Everyday
Fnac Darty announces its new strategic plan, Everyday, which revolutionizes the place of advice, sustainability and service at the heart of day-to-day work for all customers
The plan aims to generate recurring free cash flow from operations1 targeted at €240 million by 2025 and a shareholder payout as soon as this year
Fnac Darty has announced its new strategic plan, Everyday. The new plan builds on the performance of its omnichannel model, strengthened by the previous strategic plan, Confiance +, and tried and tested by the COVID crisis.
The Group’s aim, in its day-to-day work and for the long haul, is to be the key ally for consumers, helping them to be sustainable in their consumption habits and daily household tasks.
Enrique Martinez, Chief Executive Officer of Fnac Darty, declares:
“Everyday is a particularly ambitious plan that engages us in an unprecedented disruptive strategy while accelerating the rollout of our omnichannel model. This new strategic plan is our response to the growing digitalization of consumption, the proven importance of day-to-day human contact, and the pressing need to work toward consumption that is more in line with societal and environmental challenges. As a renowned omnichannel leader, Fnac Darty will build its future accordingly by reinventing the way in which it serves its customers between now and 2025. To do this, we will be investing in our digital ecosystem in an effort to highlight our brands’ strongest assets—advice and recommendations—and to streamline the customer experience. Through our product sustainability initiatives, we will urge our customers and partners to practice more sustainable consumption. Lastly, we will strengthen our day-to-day trust-based client relationships, through a new subscription-based home assistance service. Everyday relies on the qualities demonstrated each and every day by the 25,000 Group employees serving our customers, and paves the way for a profound transformation of our specialist retailer business, providing the best range of products and services when it comes to entertainment, technology and equipment.”
The new strategic project bolsters the rollout of the Group’s mission, which is to “commit to providing an educated choice and more sustainable consumption” to its customers.
The launch of Everyday is based on three ambitions that are to be achieved by 2025:
1. Embodying new standards for successful digital and human omnichannel retail in the future
Omnichannel retail will be digitalized by improving the performance of sites with a web experience that is increasingly immersive, efficient, and fueled by artificial intelligence. As a result, over 50% of the Group’s investment budget for the period of the plan will be devoted to supporting digital growth, particularly to modernizing and mechanizing the logistics platform.
Omnichannel retail will be humanized by showcasing the spirit of stores on the web and by investing in the expertise of the sales team.
Fnac Darty intends to put the advisory role of its salespeople at the heart of the customer’s digital experience with the aim of building an ever more personalized relationship of trust with consumers on these channels. Chats and video calls with salespeople, livestreaming and live shopping hosted by experts, and content on culture and entertainment recommendations on its platform La Claque Fnac will all strengthen online interactions with customers.
Advice and digitalization will be increased at all levels — the Group intends to invest in training its employees on how to showcase their expertise on digital and social networks. In order to improve the in-store experience, ‘welcomers’ will maintain a key role and the IT resources available to sales experts will be boosted to provide a response tailored to every in-store customer (order pick-up, after-sales service, repair needs, specific search, etc.). In doing so, Fnac Darty is enhancing its role of providing the customer with well-informed, independent advice adapted to their uses and needs.
The Group is of the firm belief that stores are the cornerstone of this new retail. 100% of our integrated stores will therefore be profitable by 2025, with the specific challenges of each store being addressed and promising new formats such as the kitchen or small proximity formats being developed.
The purpose of all these initiatives is for at least 30% of the Group’s revenue to be generated online by 2025, including half in omnichannel thanks to the proven success of Click & Collect, which reflects the complementary nature of in-store and online. These channels will be the best showcase for the Fnac Darty range of products and services—a high-value offering that is itself committed while also engaging others—and has strong aspirations in the territories we are penetrating, such as the large appliances and urban mobility markets.
In this way, the Group will be at its customers’ side every day, in-store and on the web, to help them make educated choices, backed by the expertise of its 12,000 sales people.
2. Helping consumers adopt sustainable practices
Fnac Darty is a committed group aware of the challenges relating to the future of our planet. This commitment will be even more visible with Everyday.
The product offering will trend toward more sustainable products, with marketplace products and partners that do not meet the sustainability criteria being possibly delisted, and the huge expansion of the second-life service and the option return used products as part of a circular economy strategy.
Customer choices will be geared toward more sustainable products thanks to sustainability scores, which will be visible both online and in-store and are expected to reach 135 by 2025 (compared to 95 in 2018). These scores are based on our after-sales repair database—the only one on the market—which rates products on their reliability and the availability of spare parts. It is a unique and independent indicator created by Fnac Darty, which weights the volumes of each product sold in the year of the sustainability score.
Lastly, services that enable customers to ‘use better to consume better’ and to repair products more often will be strengthened (sale of spare parts, express repair of smartphones WeFix, Darty Max, repair communities, and so on), with the goal of having 2.5 million products repaired each year by 2025 (or +50% compared to 2019).
We will therefore support customers in their educated and socially responsible approach to consumption, allowing them to take advantage of the best that technology and entertainment has to offer, while at the same time consuming in a more sustainable way.
3. Rolling out the benchmark subscription-based home assistance service
Fnac Darty’s ambition is to become the leading provider of home assistance services, in the form of a subscription-based repair service, with no limit or commitment, that extends the lifespan of products.
The Group laid the foundations for this service for large domestic appliances with the launch of Darty Max at the end of 2019, and will capitalize on its success, with more than 200,000 subscribers in France already, and the launch of Vanden Borre Life in Belgium in early 2021. With Everyday, Fnac Darty’s ambition is to expand this repair and assistance service to the entire home environment, while extending the options for selling the service via new distribution channels — for example, a new distribution partnership with Sofinco will soon allow for more widespread distribution of Darty Max, and for the joint development of a free credit offering for sustainable consumer products.
Darty Max is really shaking up the way services are provided and sold. It gives customers peace of mind while maintaining a sustainable approach. For Fnac Darty, it is a new subscription-based business model, with recurring cash flows, allows us to consolidate a high-quality long-term relationship with our customers and works to extend the lifespan of products.
To make it a success, the Group will rely in particular on its in-depth knowledge of services, benefit from its unrivaled distribution network, capitalize on its ability to carry out high-quality repairs directly, and take advantage of its expertise in subscription management — an area honed by the Group’s current total of 11 million active subscribers. As such, Fnac Darty aims to have over 2 million Darty Max subscribers by 2025.
This new home assistance service makes Fnac Darty an absolute must for customers, as it builds a relationship of trust on a day-to-day basis and massively expands its repair service.
With its innovative approach to service and sustainability, Everyday is revolutionising the world of retail for the benefit of consumers and of the planet, while accelerating the deployment of the omnichannel model.
These three ambitions will enable the Group to generate profitable growth alongside recurring cash generation.
FINANCIAL OUTLOOK AND MID-TERM AMBITIONS
Against the backdrop of the 2020 COVID crisis, the end of which still remains uncertain, fulfillment of the various objectives listed below relies on the following assumptions: no new prolonged lockdown periods or store closures, no significant break in the supply chain, and no lasting downturn in consumer confidence levels.
With Everyday, Fnac Darty aims to:
- Increase its revenues, which will primarily come from accelerated growth in online sales and continued opportunities for expansion in growth markets;
- Increase its gross margin mainly with the subscription-based service sales model, which is a significant margin generator and will more than offset the dilutive effects of the less favorable product/service mix sold online and the expansion of the franchise;
- Continue its program to reduce operating costs, which will more than make up for the effects of inflation each year;
- Maintain its annual investment expenses at a normal level of around €120 million, excluding one-off investments of around €40 million for modernizing and upgrading logistics equipment, which will impact the first few years of the plan.
The purpose of the various strategic drivers of the Everyday plan implemented by the Group is to increase recurring cash generation with the following objectives:
- Aggregate free cash-flow from operations2 of around €500 million over the 2021–2023 period;
- Free cash flow from operations2 of at least €240 million each year, starting in 2025.
Over the 2020–2023 period, the Group is therefore expected to generate close to €700 million in aggregate free cash-flow from operations1, in a period that includes two years impacted by the COVID crisis.
This growth in cash generation, along with a level of debt that will remain controlled and sustainable for the company over the long term, with maximum leverage of 2.0x3, will enable it to finance its activity through external growth operations and ensure a regular return to shareholders.
As soon as this year, the Group is reactivating its policy of giving a return to shareholders and is aiming for a distribution rate of at least 30% in the medium term. The Group therefore proposes to distribute, in 2021, a dividend of €1 per share for 20204, with the aim of increasing this amount to €1.50 per share as early as the following year.
Lastly and additionally, the Group will, each year, take the opportunity to look at the possibility of making an additional distribution to shareholders in the form of an exceptional dividend or share buyback, after financing any external growth operations and paying the ordinary dividend.
PRESENTATION OF THE GROUP’S NEW STRATEGIC PLAN FOLLOWING THE 2020 ANNUAL RESULTS
On February 23, 2021, a live webcast of the presentation of the 2020 annual results and the new strategic plan will be available at 6:30 pm (Paris time)
The presentation slides are available on the Group website under the heading Presentation in the investors section: www.fnacdarty.com
A recording will also be available on the Group’s website.
Disclaimer – Forward-looking information
This press release may contain indications of the Group’s objectives, prospects and development paths as well as forward-looking statements. Although these indications and statements are based on data, assumptions and estimates considered reasonable by Fnac Darty at the date of this press release, Fnac Darty cannot guarantee that the objectives described will be achieved or that the projections will be realised, nor that Fnac Darty’s assumptions will prove to be correct. These indications and projections are subject to change or modification due to the uncertainties associated in particular with the uncertainties associated with any activity and changes in the economic, financial, competitive and regulatory environment. Fnac Darty does not undertake any obligation to update or revise any of the objectives, forecasts, outlooks and forward-looking information contained in this press release, except in accordance with any legal or regulatory obligation applicable to it. Fnac Darty makes no commitment and gives no guarantee that the objectives set out in this press release will be achieved.
CONTACTS
APENDIX: DEFINITION OF ALTERNATIVE PERFORMANCE INDICATOR
Free cash flow from operations | + Payment of rents within the scope of IFRS 16 = | Free cash flow from operations, excluding IFRS 16 |
Net cash flow from operating activities, less net operating investments | Free cash flow from operations, including cash impacts relating to rents within the scope of IFRS 16 |
1 Excluding IFRS 16.
2 Excluding IFRS 16
3 Ratio (net debt/EBITDA) excluding IFRS16 which will be assessed at the end of June each year.
4 Proposal submitted to a vote at the General Meeting on May 27, 2021.
Attachment
Artificial Intelligence
Southeast Asia Data Center Construction Market Investment to Reach $5.29 Billion by 2029 – Exclusive Research Report by Arizton
CHICAGO, May 15, 2024 /PRNewswire/ — According to Arizton’s latest research report, the Southeast Asia data center construction market is growing at a CAGR of 11.69% during 2023-2029.
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Browse in-depth TOC on the Southeast Asia Data Center Construction Market
36 – Tables 116 – Figures 352 – Pages
Southeast Asia Data Center Construction Market Report Scope
Report Attributes
Details
Market Size – Investment (2029)
USD 5.29 Billion
Market Size – Investment (2023)
USD 2.80 Billion
CAGR – Investment (2023-2029)
11.18 %
Market Size – Area (2029)
3,079 Thousand Square Feet
Power Capacity (2029)
578 MW
Historic Year
2020-2022
Base Year
2023
Forecast Year
2024-2029
Regional Analysis
Southeast Asia (Singapore, Indonesia, Malaysia, Thailand, Philippines, Vietnam, and Other Southeast Asia Countries)
The Southeast Asia data center construction market is one of the fastest-developing markets globally, driven by the increase in cloud adoption, the advent of 5G services, and the adoption of AI, Big data, and IoT technology. Singapore, Malaysia, Indonesia, and Thailand have robust connectivity and are among the most connected countries in Southeast Asia. Singapore is the gateway and an integral interconnection point to several APAC countries, including Japan, South Korea, Vietnam, and Pakistan. The adoption of cloud-based services will likely be a significant driver of the data center market over the next few years.
Moreover, Singapore boasts the largest existing capacity in the region, and countries such as Malaysia, Indonesia, and the Philippines are outpacing it in terms of new investments, collectively capturing over 50% of the market share for new investments. This trend can be attributed to several factors, including lower energy costs, increased renewable energy sources, and inexpensive labor and land availability. These factors are influencing companies’ decisions to invest in these emerging markets.
Watch Out for How Advancing in Adoption of AI Boosting the Market Growth
In June 2023, Run ai, a company that manages computing resources for AI tasks, announced a strategic partnership with AI Singapore. AI Singapore, a national R&D initiative led by the National Research Foundation, Singapore, aims to establish strong AI capabilities in the country. This collaboration aims to provide scalable infrastructure solutions for various AI projects and assist AI Singapore in its mission to expedite AI adoption across industries.AI Singapore, as the country’s AI initiative, holds a pivotal position in aiding organizations in adopting AI solutions. It has made significant strides through its notable 100 Experiments Programme (100E) and the acclaimed AI Apprenticeship Programme (AIAP). Collaborating with over 60 companies, they’ve trained over 200 Singaporean AI engineers to create, assess, and implement numerous AI models that tackle real-world challenges.While AI investments primarily focus on Singapore, nine out of the top 10 deals involved start-ups based in Singapore that cater to various businesses and use cases throughout the region. For instance, Biofourmis, a health analytics platform analyzing physiological data from clinical-grade wearables, operates in both Singapore and Indonesia. Similarly, Tookitaki, a sophisticated decision-support system for compliance programs in the financial services sector, extends its operations across the six major Southeast Asian countries.The Southeast Asia Colocation Data Center Market by Investment to Reach $4 Billion by 2029
In Southeast Asia, colocation investments in Singapore declined significantly over the last few years owing to the lack of space for new builds. This has led to the spill over demand toward Indonesia and Malaysia. The upcoming capacity of under-construction announced and planned data center campuses across these two countries will overtake Singapore’s existing colocation capacity. In the same year, BDx Indonesia, Chindata Group, EdgeConneX, Equinix, Keppel Data Centres, GDS Services, Princeton Digital Group, and others invested in developing colocation data center facilities in the region.
The Southeast Asia Data Center Construction Market Report Encompasses Crucial Data, Including: CAGR (Compound Annual Growth Rate) during the forecast period: This metric provides insights into the annual growth rate of the Southeast Asia data center construction market over the specified time frame. Detailed information on growth drivers: The report offers in-depth information on the factors that will propel the Southeast Asia data center construction market growth from 2023 to 2029. This includes an analysis of various market influences. Precise estimation of market size: Accurate assessments of the Southeast Asia data center construction market size and its contribution and focusing on key market segments. Predictions about upcoming trends and changes in consumer behavior: The report offers insights into anticipated trends and shifts in consumer behavior that are likely to impact the Southeast Asia data center construction market helping businesses prepare for future market dynamics. Geographical market growth: The report covers the development of the data center construction market across Southeast Asia.Competitive landscape analysis: A thorough examination of the market’s competitive landscape is presented, including detailed information about companies operating in the Southeast Asia data center construction market. This includes an overview of key players, their market share, strategies, and key developments. Analysis of growth challenges: The report includes a comprehensive analysis of factors that may pose challenges to the growth of companies in the Southeast Asia data center construction market, providing a well-rounded view of the market dynamics.
Buy this Research @ https://www.arizton.com/market-reports/southeast-asia-data-center-construction-market
Post-Purchase Benefit
1hr of free analyst discussion10% off on customizationThe Report Includes the Investment in the Following Areas:
Facility Type
Colocation Data CentersHyperscale Data CentersEnterprise Data CentersInfrastructure
Electrical InfrastructureMechanical InfrastructureGeneral ConstructionElectrical Infrastructure
UPS SystemsGeneratorsTransfer Switches & SwitchgearPDUsOther Electrical InfrastructureMechanical Infrastructure
Cooling SystemsRacksOther Mechanical InfrastructureCooling Systems
CRAC & CRAH UnitsChiller UnitsCooling Towers, Condensers & Dry CoolersOther Cooling UnitsCooling Techniques
Air-based CoolingLiquid-based CoolingGeneral Construction
Core & Shell DevelopmentInstallation & Commissioning ServicesEngineering & Building DesignFire Detection & SuppressionPhysical SecurityDCIM/BMS SolutionsTier Standard
Tier I & IITier IIITier IVGeography
Southeast Asia
SingaporeIndonesiaMalaysiaThailandPhilippinesVietnamOther Southeast Asia CountriesVendors
Key Construction Contractors
ArupAurecon GroupCSF GroupDSCO GroupGammon ConstructionNTT FacilitiesPM GroupStudio One DesignOther Prominent Construction Contractors
AtkinsRéalisAWP ArchitectsCorganDPR ConstructionFirst BalfourFortis ConstructionISGKienta Engineering ConstructionLinesightLSK EngineeringM+W GroupNakano CorporationObayashi CorporationPowerware SystemsSato KogyoRed EngineeringProminent Support Infrastructure Vendors
ABBCaterpillarCisco SystemsCumminsDell TechnologiesEatonRittalSchneider ElectricSTULZVertivOther Prominent Support Infrastructure Vendors
AiredaleAlfa LavalCanovateCyber Power SystemsDelta ElectronicsEAEFuji ElectricFujitsuGreen Revolution CoolingHewlett Packard EnterpriseHITEC Power ProtectionHuawei TechnologiesKOHLER PowerLegrandLenovoMitsubishi ElectricNaradaNortek Air SolutionsPiller Power SystemsRolls-RoyceShenzhen Envicool TechnologySiemensSocomecTraneProminent Data Center Investors
Amazon Web ServicesChindata Group (Bridge Data Centres)DCI IndonesiaDigital RealtyePLDTEquinixGDS ServicesKeppel Data CentresNTT DATAST Telemedia Global Data CentresTelkom IndonesiaVADS (Telekom Malaysia)Viettel IDCOther Prominent Data Center Investors
AirTrunkBeeinfotechBig Data Exchange (BDx)Converge ICT SolutionsDigital Edge DCMeta (Facebook)FPT TelecomGoogleMettaDCMicrosoftOneAsia NetworkOpen DCPrinceton Digital GroupSingtelVantage Data CentersNew Entrants
CtrlS DatacentersDigital HaloEdgeConneXEvolution Data CentresFlow Digital InfrastructureFutureData (Cyclect Group + TSG Group)Gaw CapitalI-BerhadInfinaxis Data CentreInfracrowd CapitalK2 Data CentresMinoro Energi IndonesiaNautilus Data TechnologiesPure Data Centres GroupYCO CloudYTL Data CenterYondrKey Questions Answered in the Report:
How big is the Southeast Asia data center construction market?What is the estimated market size in terms of area in the Southeast Asia data center construction market by 2029?What is the growth rate of the Southeast Asia data center construction market?What are the key trends in the Southeast Asia data center construction market?How many MW of power capacity is expected to reach the Southeast Asia data center construction market by 2029?
Get Detailed TOC @ https://www.arizton.com/market-reports/southeast-asia-data-center-construction-market
Check Out Some of the Top Selling Research Reports:
U.S. Data Center Construction Market – Industry Outlook & Forecast 2024-2029
https://www.arizton.com/market-reports/united-states-data-center-construction-market-2024
Latin America Data Center Construction Market – Industry Outlook & Forecast 2024-2029
https://www.arizton.com/market-reports/latin-america-data-center-construction-market-size-and-analysis-2024
Southeast Asia Data Center Market Landscape 2023-2028
https://www.arizton.com/market-reports/southeast-asia-data-center-market
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100% Customer Satisfaction 24×7 availability – we are always there when you need us 200+ Fortune 500 Companies trust Arizton’s report 80% of our reports are exclusive and first in the industry 100% more data and analysis 1500+ reports published till date
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Arizton Advisory and Intelligence is an innovative and quality-driven firm that offers cutting-edge research solutions to clients worldwide. We excel in providing comprehensive market intelligence reports and advisory and consulting services.
We offer comprehensive market research reports on consumer goods & retail technology, automotive and mobility, smart tech, healthcare, life sciences, industrial machinery, chemicals, materials, I.T. and media, logistics, and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.
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Artificial Intelligence
Doceree Launches HIEP to Unveil the Untapped Potential of Healthcare Digital Platforms
LONDON, May 15, 2024 /PRNewswire/ — Doceree, the leading global healthcare marketing platform building unprecedented programmatic solutions for HCP marketing, today announced the launch of its highly anticipated HIEP (High Interaction & Engagement Platforms) UK and Europe edition. Presented in collaboration with WPP’s healthcare specialist agency CMI Media Group, the groundbreaking report profiles endemic, point-of-care, and physician networking platforms in a digital engagement context, shedding light on their potential to power interactions and drive communications in the healthcare industry.
In the current landscape, the healthcare sector exhibits preference for an omnichannel marketing approach that effectively combines digital and traditional channels. This shift underscores the critical importance for pharmaceutical marketers to excel in digital strategies. Yet, challenges persist within the pharmaceutical and life sciences industries regarding the optimal selection of digital platforms to engage healthcare professionals (HCPs), as marketers often lack a comprehensive understanding of the available digital tools to formulate precise strategies for digital budget allocation.
To bridge this knowledge gap, and empower marketers with better engagement and decision-making, Doceree introduced HIEP as a medium that could help brands forge neatly choreographed digital strategies, thereby bringing efficiency to operations at scale and improve business outcomes. The report focuses on how the digital medium can be harnessed to create a win-win situation for all the stakeholders—marketers, in terms of efficiency; publishers, in terms of revenue; HCPs, for knowledge exchange and for better treatment outcomes.
Commenting on the report launch, Harshit Jain MD, Founder & Global CEO, Doceree, said, ” We are thrilled to introduce the HIEP report (UK/EU edition) as it marks a significant step forward in advancing healthcare marketing strategies in the UK and Europe and leveraging the power of digital platforms to engage HCPs effectively in the region. What’s particularly exciting is how marketers can effortlessly map and track HCPs’ digital interactions and engagement, and fine-tune omnichannel marketing campaigns, to ultimately amplifying impact and generate superior returns on investment with HIEP. We anticipate that this report will greatly benefit our pharmaceutical and agency partners in the UK & Europe region, and we are eager to replicate this success in other regions throughout the year”.
Commenting on the initiative, Joe Warren, EVP, Growth, CMI Media Group, said, “Collaborating with Doceree on the HIEP initiative allows us to shed light on the global impact marketers can make in healthcare. This partnership reaffirms our commitment to enhancing healthcare outcomes in the region and underscores the importance of understanding channels and partners for crafting superior omnichannel strategies. Together, we aim to drive awareness and empower marketers with the insights they need to make a meaningful impact in healthcare marketing.”
Key highlights of the HIEP report include:
In-depth analysis of endemic, point-of-care, and physician networking platformsCase studies showcasing successful integration of digital platforms in healthcare marketingRecommendations for optimizing omnichannel marketing campaigns and maximizing ROIThe report by Doceree has been meticulously crafted in collaboration with research partner Brand Innerworld and is proudly presented in association with CMI Media Group, a distinguished global media agency recognized for its significant contributions to the healthcare sector.
For more information about Doceree and the HIEP report, visit https://doceree.com/in/reports/hiep/
About Doceree:
Doceree is a leading global platform dedicated to revolutionizing HCP programmatic messaging with cutting-edge, proprietary data tools. By fostering direct messaging between life sciences brands and HCPs, Doceree enables the delivery of personalized communications through an extensive global network of digital endemic and point-of-care platforms. The result is transparent marketing campaign metrics and personalized messaging at scale. To explore how Doceree can transform your healthcare communication. Learn more at www.doceree.com.
About CMI Media Group:
CMI Media Group, a WPP company (NYSE: WPP, http://www.wpp.com), is a full-service media agency focused solely on health, wellness, and pharmaceutical marketing. CMI Media Group’s core offerings include Audience Strategy, Planning, Development, and Insights; Data and Analytics; Buying and Investment; and Direct Response and Customer Experience. As the leading media resource for the world’s top healthcare companies, CMI Media Group brings together leading technology, data, and talent to deliver seamless capabilities for clients. CMI Media Group has been recognized as a leader in DE&I, talent retention and employee development as well as one of the industry’s best places to work. Visit https://cmimediagroup.com/.
About Brand Innerworld:
Brand Innerworld is a leading healthcare brand consultancy and insight mining firm providing specialized solutions with the help of AI technology. The consultancy is dedicated to transforming healthcare brands into market leaders. With meticulous primary and secondary research, the firm captures deep insights into the experiences of healthcare professionals and patients. Specializing in blending these insights with marketing and media acumen, Brand Innerworld equips healthcare brands with actionable strategies that enhance patient outcomes and brand growth. Serving multinational healthcare corporations, medical device companies, and tech platforms, Brand Innerworld is recognized for its innovative approach to medical marketing. Learn more about Brand Innerworld at https://brandinnerworld.com
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Artificial Intelligence
Trianz Appoints Ravishankar Savita as Head of Data & Analytics Practice, Reaffirming Commitment to Data-Driven Transformation Excellence
SANTA CLARA, Calif., May 15, 2024 /PRNewswire/ — Digital transformation technology & services company Trianz is pleased to announce the appointment of Ravishankar Savita as the Head of Data & Analytics Practice. With over two decades of experience in technology transformation and system engineering, Ravishankar brings a wealth of strategic leadership and expertise in architecting and leading large scale digital transformation to Trianz.
Ravishankar’s appointment marks a pivotal moment for Trianz as it reaffirms its commitment to redefine the digital landscape through an “IP Led” model, leveraging its cutting-edge hyper-automated platforms, including Concierto.Cloud, Extrica.AI, and Pulse. Ravishankar’s demonstrated success in scaling practices, cultivating innovation ecosystems, and fostering strategic partnerships position him as a key asset in spearheading the Data & Analytics Practice.
“We are thrilled to welcome Ravishankar Savita to Trianz as our new Head of Data & Analytics Practice,” said Seshi Vanguru, Chief Revenue Officer at Trianz. “His strategic acumen, strong analytical skills, and exceptional ability to cultivate meaningful relationships will play a pivotal role in driving tangible business outcomes and fostering sustainable growth within our Data & Analytics Practice. As we continue to innovate and deliver transformative solutions to our clients, Ravishankar’s leadership will undoubtedly strengthen our commitment to driving value and excellence in the data-driven era.”
Ravishankar’s distinguished career includes senior leadership roles at renowned organizations such as Virtusa, Agilent Technologies, and NXP Semiconductors, where he incubated and scaled high performing offerings, platforms, and teams to drive business value in Data & Analytics, AI, API Integration, Microservices, SDLC Automation, Middleware Solutions, Application Modernization, and Generative AI.
“I am excited to join Trianz and lead the Data & Analytics Practice during this transformative era of digital evolution,” said Ravishankar. “I look forward to collaborating with the exceptional team at Trianz to deliver innovative solutions that not only meet but exceed our clients’ expectations. By leveraging cutting-edge, IP-led solutions, we’ll not only redefine the industry standards but also solidify our reputation as the go-to partner for forward-thinking organizations seeking to unlock the full potential of their data assets.”
Based in New Jersey, US, Ravishankar will leverage his expertise to accelerate Trianz’s growth trajectory in the data-driven landscape. Join us in extending a warm welcome to Ravishankar as we set out on this exciting journey to drive digital innovation and empower businesses to thrive in the data-driven era.
About TrianzTrianz is a leading-edge technology platforms and services company that accelerates digital transformations at Fortune 100 and emerging companies worldwide in data & analytics, digital experiences, cloud infrastructure, and security. Our “IP Led Transformations” approach, informed by insights from a recent global study spanning 20+ industries and 5000+ companies, addresses challenges posed by the rapid pace of AI-driven transformation, digital talent scarcity, and economic uncertainty. Our IP and platforms, including Concierto, Extrica, and Pulse, revolutionize cloud adoption, data analytics, and AI insights, empowering organizations to navigate the complexities of digital transformation seamlessly.
Founded in California and with an organization of over 2,000 associates across the United States and India, Trianz is a Premier Partner of AWS, consistently rated #1 by clients for value delivery over the past five years. Trianz has been ranked as one of the best Consulting Firms by Forbes and has been certified as a Great Place to Work for three years in a row. To learn more about Trianz, email [email protected] or visit www.trianz.com.
Watch Trianz CEO Sri Manchala’s insightful interview with Bloomberg on Partner | Crossing The Digital Faultline & Leading Towards Transformative Success – YouTube and delve deeper into his book Crossing the Digital Faultline at Crossing the Digital Faultline | Trianz.
Trianz Media Team
[email protected] +1-408-387-5800
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ProofID wins Judges’ Award for Global Ambition at the 2024 Northern Tech Awards