Science & Technology
Communications sector contributes 5.8% to GDP in FY 2023/24: Talaat

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Amr Talaat, Egypts Minister of Communications and Information Technology, has emphasized that the success of Egypts communications and IT sector is built on its human capital and expertise, which have been driving growth for six consecutive years. Thanks to the skills of those working in this field, the sector’s contribution to Egypts GDP has risen significantlyfrom 3.2% six years ago to 5.8% last fiscal year.

Talaat delivered these remarks during the Tech Heritage IBM Business Partners Forum and the celebration of IBMs 70th anniversary in Egypt. The event was attended by Sherif Farouk, Minister of Supply and Internal Trade; Ghada Labib, Deputy Minister for Institutional Development; Raafat Hindi, Deputy Minister for Infrastructure Development and Digital Transformation; Bakr El-Bayoumi, Deputy Minister for Research and Technological Planning; Ahmed Elzaher, CEO of the Information Technology Industry Development Agency (ITIDA); Mohamed Nasr, CEO of Telecom Egypt; Hoda Baraka, advisor to the Minister for technology skill development; Ahmed Khattab, Director of the National Telecommunications Institute; Saad Toma, General Manager of IBM Middle East and Africa; and Jonah Smith, IBM Vice President of Environmental, Social, and Governance Strategy and Programs.

Technology tamfitronics Communications sector contributes 5.8% to GDP in FY 2023/24: Talaat

Minister Talaat highlighted the long-standing legacy and promising future of Egypts communications and IT sector, tracing its roots nearly 170 years to the founding of the Egyptian Telegraph Company (now Telecom Egypt) in 1854. Egypts first telegraph line marked the beginning, followed by the establishment of the Egyptian Postal Service in 1865 and Egypts membership in the International Telecommunication Union as one of its earliest 20 members. By 1881, Egypt had installed its first telephone line, just five years after the telephone patent was granted. The sector’s global advancement continued through the 20th century with the advent of commercial computers and a cascade of innovations.

Egypts position in fixed internet speed across Africa has impressively improved from 40th place six years ago to 1st place over the past two years. Egypt also advanced from the World Banks “C” to “A” category in the Government Digital Transformation Readiness Index and is now among the top 12 countries in cybersecurity.

Outsourcing has grown considerably in Egypt, with the workforce in this sector rising from 90,000 to over 140,000 specialists exporting digital services worldwide within two years. The scope of outsourcing has expanded from traditional call centres, established 25 years ago, to software services and high-value offerings like electronic circuit design, semiconductor development, and embedded software for vehicles. Egyptian outsourcing exports surged by 54% in a single year. Additionally, Egypt attracted five global companies to manufacture mobile phones and tablets domestically, achieving over 40% local value addition.

Talaat noted the progress of Egypt’s national AI strategy, three years ago. He highlighted the Applied Innovation Centers role in developing AI applications across healthcare, agriculture, environmental management, and water resources. Egypt has risen 49 ranks in the Government AI Readiness Index. Additionally, the “Digital Egypt Innovation Hubs” project, launched in 2019, aims to foster an environment that supports innovation. This initiative has expanded Egypts network of innovation centres from three hubs six years ago to 23 centres and tech incubators, with one in each governorate.

Business News
Mumbai’s BFSI Sector Gears Up for Transformation at the 24th Edition of BFSI IT Summit, Business News

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MUMBAI, INDIA, July 4, 2024 – (ACN Newswire) – The banking, financial services, and insurance (BFSI) sector in Mumbai is currently undergoing a profound transformation, fueled by rapid technological advancements and a significant increase in digital adoption. Emphasizing a strong commitment to digitalization, key stakeholders in Mumbai are championing initiatives akin to advancements in digital payments and the establishment of the Digital Banking Transformation Office. These efforts are propelling the BFSI landscape forward, fostering innovation and paving the way for sustained growth and competitiveness in the region.

The summit serves as a strategic platform to delve into critical themes shaping the future of finance, such as digital payments innovation, cybersecurity resilience, AI and machine learning integration, cloud computing strategies, and enhancing customer experiences in digital banking. Participants can expect insightful discussions, keynote addresses from industry experts, and ample networking opportunities aimed at fostering collaboration and driving digital transformation in Mumbai’s BFSI ecosystem.

Aligned with global trends and local imperatives, the summit aims to propel Mumbai’s BFSI sector towards greater efficiency, resilience, and customer-centricity. It promises to be a catalyst for innovation, offering attendees a unique chance to explore emerging technologies, share best practices, and chart a course towards sustainable growth in the dynamic landscape of banking, financial services, and insurance.

About the 23rd Edition of BFSI Summit

The 24th Edition of the BFSI Summit marks a pivotal moment in the advancement of the banking, financial services, and insurance sector in Mumbai. This prestigious event serves as a gathering point for esteemed technology and innovation leaders within the BFSI community, offering an exclusive opportunity to explore current trends, confront challenges, and seize emerging opportunities that define the industry’s trajectory. By prioritizing the imperative of digital transformation and leveraging cutting-edge technology, the summit is poised to empower attendees with indispensable resources and perspectives essential for navigating the dynamic landscape of BFSI in Mumbai.

VIP Speaker:

– Sumnesh Joshi, Deputy Director General (Joint Secretary Level)Ministry of Communications Government of India

Speakers:

  • Vishal Bhatia, Chief Digital OfficerCanara Bank
  • Ajay Poddar, CTO for Retirement TechHDFC Life
  • Arnab Biswas, Chief Information Security OfficerAxis Securities Limited
  • Aastha Arora, Vice PresidentThe London Institute of Banking & Finance (India)
  • Amit Pradhan, Vice President – Partnerships & AlliancesThe London Institute of Banking & Finance India

For more information about the BFSI IT Summit 2024, please visit https://bfsiitsummit.com/india/.

About Exito

Exito, meaning success in Spanish, is committed to the success of its customers. Hosting over 240 virtual and in-person conferences globally each year, Exito brings together audiences with world-class thought leaders and C-level executives across industries. Crafted with meticulous attention to detail and based on extensive research and industry insights, Exito’s conferences facilitate business, knowledge transfer, deal flow, and impactful messaging for brands.

For Media Enquiries, contact:
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Email: [email protected]
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Copyright 2024 ACN Newswire. All rights reserved. www.acnnewswire.com

Science & Technology
Why the public sector should be the standard-bearer for remanufactured tech

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Technology tamfitronics Unhappy millennial male employee work online on laptop at home office frustrated by gadget error or mistake. Angry young Caucasian man stressed with computer operational problem or breakdown.

(Image credit: Shutterstock / fizkes)

As the technology industry evolves rapidly, the demand for new products continues to grow. The announcement by Microsoft that they will no longer support Windows 10 from October 2025 has left customers and businesses aware that they may need to upgrade their business laptops within the next year, even if their current model is still up and running.

The move was discussed recently at the Re: Sustainable IT Summit in the United Arab Emirates. A spokesperson at the summit from Canalys, a global technology market analyst firm, predicted that 240 million business computers could become e-waste because of these changes. With 85% of carbon emitted from a laptop coming at the production end, this is a concerning figure.

Against this backdrop the stage is set for the increased adoption of remanufactured technology, preventing waste, reducing carbon emissions and keeping the cost of replacement devices down. Although still an emerging category, 40% of IT leaders at the summit believed that by 2028 pre-used laptops will make up one in five (20%) of those bought by businesses. Perhaps Microsoft’s decision could be the push needed to change our perceptions and move towards remanufactured.

CEO and Founder, Circular Computing.

Old for new

Our point of view is that you wouldn’t throw the keys to your car away and get a brand new one, after driving it for a few months, or when it needs a service. Instead, you would get the service required to extend the life of the car. This same logic can also be applied to IT technology. If we are serious about driving towards a circular economy then whether it’s a Porsche or a printerwe must preserve what’s already been made, be regenerative in resources and cut out waste..

The challenge is focusing on a single group that will drive the most impact to make the change and begin the movement. Remanufactured technology is tailor-made for organizations with clear sustainability goals who are looking for an alternative to brand new, which delivers value for money and – crucially – works at least as well as a brand-new device. This is why I believe the public sector is the perfect group to act as standard-bearers, due to its influence and large number of employees working within a small number of organizations.

Sustainability pressures

Compared with small businesses, these large public sector organizations face different pressures from the private sector to drive sustainability. Although the majority of UK enterprises – about 5.5 million – are classified as small businesses, it is impractical to sell an idea to SMEs one at a time. Instead, greater impact and adoption can be achieved by focusing on large organizations that will purchase in bulk and have a louder voice to encourage others.

Evidence from peer-reviewed research by Cranfield University shows that remanufactured devices cut carbon footprints significantly, by producing only 6.34% of the CO2 in comparison to brand new. Many organisations are conscious of meeting their sustainability targets while still being cost-effective and contributing to their sustainability report. This means their buy-in on second-life hardware could be a hugely significant endorsement. Employees are also looking to companies to see what they are doing in terms of sustainability, so there is an added pressure from the ground up.

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The hurdle we face is the assumption that a remanufactured laptop is a step down from brand new. However, here standards bodies such as the BSI can play a role certifying models’ performance and quality and removing any perceived barriers.

The real price of new hardware

In a recent case study, it was identified that each refurbished laptop sold is up to 40% cheaper than a comparable new model, as well as being able to contribute to sustainability goals of companies. Imagine that being done at scale and the potential savings and ESG benefits are huge. Something like this would be extremely beneficial for large organizations that are seeking more funding and where every penny spent is scrutinized.

The direction of travel is already being seen across the Channel, with French public sector organizations required to put 20% of their annual procurement budget into devices that are reused, refurbished or contain recycled materials. While some people are confident in this refurbished technology, many people are interested in the idea but feel they do not know enough about it to take the first step. With influential countries like France steering the technology industry in this direction, it is more likely for others to follow.

With all the movement happening in the technology industry, the sooner we lean into practical solutions the better position we will find ourselves in, as both individuals and organizations. The key, however, is to save time and resources by going directly to the largest and most influential sector and let them sing the benefits from the rooftops.

We feature the best small business printers.

This article was produced as part of TechRadarPro’s Expert Insights channel where we feature the best and brightest minds in the technology industry today. The views expressed here are those of the author and are not necessarily those of TechRadarPro or Future plc. If you are interested in contributing find out more here: https://www.techradar.com/news/submit-your-story-to-techradar-pro

Rod Neale, CEO and Founder, Circular Computing.