Blogs

Impact of Digitalization and Digital Banking
September, 2019

Need for digitalization in banking Digitalization has become an important aspect of every business. The digital services touched the banking and financial institutions with an attempt to transform the process of operation. According to market research, by the end of 2021, almost half of the world’s adult population will be engaged in digital banking. A rapid surge has already been observed in using mobile banking among existing customers. Since the collaboration with partners has become the key aspect to succ [...]

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Can Machines Relate to Customer Behavior?
August, 2019

Data in demand There was a time when data used to be gathered in the backend of a system without any importance. However, with digitalization, a huge pool of data is created every day broadening the insight of the business and analyzing customer behavior. Recently, organizations have started to utilize the accumulated data for their benefit, to expand the scope of business opportunity and growth. Organizations use the data generated from log files to enhance customer satisfaction. The goal here is to understand a c [...]

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The eCommerce Business and Its Growing Challenges
August, 2019

A Greek philosopher once said, “Change is the only constant in life.” The ecommerce business evolved from basics, with minimal competition and limited access to the product and transformed to a sophisticated approach. Even when internet and electronic device has stirred the market initiating growth of the ecommerce industry, it has still not developed fully due to the existing challenges like secured online transactions. In this process of transformation, the ecommerce business are facing many challenges. Absenc [...]

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Big Data and Its Impact on Business
August, 2019

Understanding big data Data is an essential part of any business. Similarly, data insight plays a crucial role in understanding the target audience and customer preference. A thorough analysis of big data can help an organization achieve its goal. Big data is a concept, that combines a set of processes and tools that can manage large data sets. Big data came into focus with a hope to gauge trends, patterns and preferences and organizations could analyze the inferences collected from new experiences, services and pr [...]

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Digital Transformation – Its Leadership and Adoption
August, 2019

Is digital transformation inevitable? The American business magnate Bill Gates once said that, “We are changing the world with technology”. This is so true; technology has encompassed our lives transforming operation in almost every industry type. With digital transformation engulfing all the facets of modern life, its adoption seems mandatory in order to survive the competition. Similarly, the industry leaders are expected to actively participate in digital transformation through digital business initi [...]

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Cyber Security – A Necessity or Indulgence?
August, 2019

The spell of cyber threat Industrialists around the world show concern about a potential war, that might be fought on cyber security grounds. Is cyber security that serious? Companies in the current scenario seems vulnerable to cyber-attack. According to secondary market research, India is the fifth most vulnerable country in the world in terms of cyber-attack. Due to liberal cyber laws and most of the cyber crimes not being reported, it makes the issue more complicated and bigger. Acceptance of c [...]

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Will Financial Asset Management Benefit from AI?
August, 2019

Merging AI into the finance world Rapid digitalization has altered the way organizations do business and the way it transformed customer’s demand. Cognitive systems powered by artificial intelligence (AI) are used to manage financial assets. Since, the financial asset management depends upon computational applications for forecasting, modelling trends and trading information, hence, neural network is an effective and self-learning algorithmic approach, which when applied in financial market predictions can en [...]

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What is Mixed Reality and What Does it Mean for Enterprise?
July, 2019

An industry expert once said, “Artificial Intelligence is not a Man versus Machine saga; it’s in fact, Man with Machine synergy.” Artificial intelligence (AI) indeed changed the way enterprises operates. In this aspect, Mixed reality (MR) is a product of AI that revolutionized the concept of virtual reality (VR), to present mankind with the latest gift of technology. What is MR? Is it different than AR? MR is an advanced version of augmented reality (AR), where interactive virtual object [...]

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Cloud Service for Industrial Analytics
July, 2019

Cloud service is the latest trend, that is defining the future of a smart and connected world. It can be elaborated further, with the fact that, everything can be captured and stored in the form of data which then can be measured in real-time and accessed from anywhere. What inspired the dawn of cloud service? As we know, digitalization is at its peak impacting the pace of industrialization. While the enterprises are progressing, the technology adopted by industries generate massive amount of data that is [...]

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How Payment Gateways Can Detect and Prevent Online Fraud
July, 2019

Enterprises suffering lossWhile launching a product in the market, little do we consider about the possibility of online fraud. As business grows, daily transactions increase in number so does the payment options. Now, accepting a credit card payment increases the risk of online fraud. According to market research, big businesses suffer loss of approximately $6.4 billion dollars p [...]

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