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Canada Autumn be like 🍁❄️🇨🇦
Modernizing ageing factories: The role of digital transformation in enhancing brownfield manufacturing
Over the past decade, companies across industries have harnessed digital technologies to transform and enhance efficiency and productivity.
However, its penetration in brownfield manufacturing remains limited.
Digitizing these ageing sites has the potential to create immense impact across business lines, as well as on social and environmental levels.
Studies have found that over 80% of companies around the world have launched digital transformation initiatives. While other industries are undergoing rapid digital transformation, the implementation of digital interventions in the manufacturing sector has had less momentum. In fact, McKinsey & Company reports that only 30% of manufacturing companies have effectively realized value at scale through Industry 4.0 practices across all their plants.
The adoption rate is even lower for brownfield manufacturing - plants which rely on existing facilities or legacy infrastructure. This is especially the case in the Asia Pacific region.
Digital penetration in brownfield manufacturing remains low due to several factors:
Digital interventions are costly. The significant investment required for digitization often leaves organizations in 'pilot purgatory' where most projects fail to progress beyond the pilot stage.
In brownfield manufacturing, legacy equipment and ageing infrastructure pose substantial barriers to digital solutions.
Manufacturing plants frequently operate in data silos. Over time, these plants have accumulated data in isolated pockets, hindering a comprehensive view of operations.
Digital transformation in brownfield manufacturing can positively impact businesses, the environment and society
Brownfield manufacturing businesses can benefit immensely from digital interventions and can enhance efficiencies, further environmental sustainability, and ensure a positive societal impact.
https://www.weforum.org/agenda..../2024/08/how-digital
US unveils new tools to withstand encryption-breaking quantum. Here's what experts are saying
Quantum computing brings significant opportunity — and cybersecurity risks.
New encryption algorithms have been designed to endure cyberattacks from quantum computers.
Industry experts told the World Economic Forum that the algorithms mark a “pivotal milestone” and are an “essential stepping stone.”
Earlier this month, a government lab in the United States released three highly anticipated encryption algorithms that were built to withstand cyberattacks from quantum computers.
The encryption standards, two of which were developed by IBM, can be used to “secure a wide range of electronic information, from confidential email messages to e-commerce transactions that propel the modern economy,” the US Department of Commerce’s National Institute of Standards and Technology (NIST) said in a statement.
The release comes as quantum computing — which employs quantum mechanics to solve complex computing problems — continues to develop rapidly.
Quantum technology, experts say, creates enormous economic and scientific opportunities given its ability to significantly boost computing power, but also poses serious cybersecurity risks. This includes rendering current encryption tools obsolete. In fact, NIST warns that quantum computing devices with encryption-breaking capabilities could be developed within the next decade, threatening the “security and privacy of individuals, organizations and entire nations”.
https://www.weforum.org/agenda..../2024/08/us-tools-en
real facts
Le silence est une force puissante qui peut revêtir différentes significations selon les contextes. En période de commérages, il témoigne d'une éloquence subtile, préférant l'absence de mots au tourbillon des rumeurs. Cependant, lorsque vient le moment de témoigner de la vérité, le silence peut devenir une trahison, une abdication face à l'injustice.⁰
Lorsqu'on est en proie à la colère, choisir le silence révèle une force intérieure remarquable, maîtrisant l'impulsion de réagir. Mais se taire face à un mensonge est une forme de lâcheté, un renoncement à la vérité.²
Dans la victoire, le silence est un signe d'humilité, un refus de se laisser emporter par l'orgueil. Et dans les moments de tristesse, il devient une fierté, une manière de préserver sa dignité.⁰
Le silence, au moment de prendre une décision, peut être un signe d'hésitation, une réflexion prolongée sur la direction à suivre. Enfin, en période de conflit, le silence est souvent une marque de sagesse, un choix de paix au milieu du tumulte.⁰
⁷Le silence n'est jamais neutre; il porte en lui une multitude de messages, variant selon les circonstances. Il peut être à la fois une arme et un refuge, un acte de courage ou de lâcheté, un signe de maîtrise ou de renoncement. Comprendre le pouvoir du silence, c'est apprendre à l'utiliser à bon escient, en sachant quand il est préférable de parler ou de se taire.³
Très excellent week-end à tous.
🌹B❤B💪🏽
Cameroun : La filiale fintech de MTN obtient son agrément d’établissement de paiement
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EST CE À DIRE QUE PENDANT PLUS DE 10ANS MTN MOBILE MONEY ET ORANGE MONEY EVOLUAIENT DANS L'ILÉGALITÉ?
[...]In February 2010, GSMA hosted the Central African Mobile Money Roundtable. The Focus of this event was to share information and experiences regulating mobile money with the Banque des États de l’Afrique centrale (BEAC), which is the financial services regulator for the Economic Community of Central African States. The roundtable was attended by MTN, Orange, Zain, Camtel, Citibank, Afriland First Bank, BEAC, BCEAO, Central Bank of Kenya, Bank of Ghana and CGAP.
Roughly six months after this event, MTN has now launched MobileMoney in Cameroon, making it the first mobile network operator in the Economic Community of Central African States, to launch a mobile money service.[...]
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https://www.sikafinance.com/ma....rches/cameroun-la-fi
COMPARATIVE ANALYSIS: AGENT CICO vs. AGENT QikQik+
I. CICO Agent at a Mobile Money Operator Company
A. Roles and functionalities
1. Cash transactions: Facilitates cash deposits and withdrawals, converting cash into electronic money and vice versa.
2. Financial inclusion: Provides essential financial services to unbanked and underbanked populations, especially in rural areas.
3. Feed-based income: Earns commissions on each transaction, which can be a significant source of income.
4. Customer trust: Acts as a local and accessible point of contact, building trust in digital financial services.
B. Challenges
1. Revenue dependency: Revenues are highly dependent on transaction volumes and commissions.
2. Market saturation: Increasing the number of agents may lead to a reduction in individual income.
3. Threat of digitalisation: Increasing digitalisation and the shift to a cashless economy can reduce the need for cash transactions, which has an impact on agents' income1.
II. Agent QikQik+
A. Roles and functionalities
1. Cash transactions and currency exchange: facilitates cash deposits and withdrawals and acts as a currency exchange.
2. Customer integration: registers new merchant users and agents, thereby expanding the network.
3. Rewards and incentives: receives rewards and incentives for transactions made through the QikQik platform.
4. Comprehensive financial services for a range of services, including bill payments, banking and other products in the SUREBANQA2 financial inclusion ecosystem.
B. Advantages:
1. Bests: QikQik+ agents earn better commissions than traditional CICO agents.
2. Diversified income streams: Makes money from multiple sources, including transaction fees, foreign exchange transactions and incentives2.
3. Improved financial inclusion: bridge the financial gap for unbanked, underbanked and underserved populations.
4. Technological integration: uses state-of-the-art technology to provide transparent and secure financial services.
5. Incentive programmes: encourage network growth and customer loyalty through rewards2.
III. Comparative analysis
A. Scope of services:
- CICO Agents focus mainly on cash transactions and basic financial services.
- QikQik+ Agents offer a wider range of services, including currency exchange, bill payment, banking services (loan, savings, etc.) . Insurance, gift card, shop card, customer loyalty, etc. QikQik+ Agent has a global reach, allowing them to have clients in all 4 corners of the world.
B. Opportunities of income:
- CICO Agents are highly dependent on transaction fees.
- QikQik+ Agents benefit from diversified revenue streams, including rewards and incentives, and generally earn better commissions.
C. Technological integration:
- CICO Agents may face challenges related to increasing digitisation.
- QikQik+ Agents leverage advanced technology for secure and efficient service delivery.
D. Market scope:
- CICO agents are essential in rural and underserved areas.
- QikQik+ Agents aim to serve a wider population, including urban and rural populations, with a focus on financial inclusion.
E. Future prospects:
- CICO Agents could become less relevant as economies move towards cashless transactions.
- QikQik+ Agents are well positioned to thrive in a cashless economy due to their diverse service offerings and technological integration.
In summary, while both types of agents play a critical role in financial inclusion, QikQik+ Agents offer a more diversified and technologically integrated portfolio of services, which can lead to greater income opportunities and market reach, especially in a cashless economy. It is therefore advisable for a CICO Agent to engage in the evolution of his activity by becoming AGENT QIKI+: https://qikqik.plus/agent-info
