The digital transformation in manufacturing represents a significant opportunity to improve operational efficiency, reduce costs, and enhance the customer experience. The manufacturing industry is undergoing a profound transformation driven by rapid advances in technology and the growing demand for more efficient, sustainable, and data-driven operations. This transformation often referred to as Industry 4.0, marks the beginning of a new era of digitalization, data-driven decision-making, and smart automation. The adoption of Industry 4.0 technologies and practices is critical for manufacturers looking to remain competitive in a rapidly changing business environment. In an era where data is becoming the new currency, manufacturers that can leverage data and analytics to drive innovation and improve their operations will be the ones that succeed.

Investment in technology and data infrastructure sit at the top of asset managers' priorities as they position themselves to deliver business growth in the recovery from the COVID-19 pandemic. These are the findings of a report by Funds Europe. The survey of global investment professionals across the asset management sector also reveals COVID-19 has pushed firms to review their IT strategies and transition to the public/hybrid cloud. To improve levels of operational efficiency, firms are seeking seamless interconnection between functions along the investment value chain. In the survey, 83% of asset managers say they will extend their strategic alliances with asset servicing and tech partners, enabling connection of middle- and back-office services straight to their front office tools and investment book of record (IBOR).