Artificial Intelligence (AI), and other related concepts such as predictive modeling, the internet of things (IoT), and machine learning have taken the business space by storm. According to a recent news article, AI contributed about $2 trillion to the global economy last year. The news article goes further to predict that it will contribute as much as
In the digital era, Big Data has drastically changed the landscape of business and risk management. With unlimited access to information about potential customers and user behavior, companies are using analytics to improve their risk management practices in more advanced ways than ever before. Here are just four ways Big Data is evolving risk management
A common question that many people have is whether data centers will begin to disappear as the public cloud continues to grow and expand. Current trends indicate that both data centers and the cloud are growing to maintain pace with the flourishing economy. However, many experts believe that getting cloud and data centers to work
Centralized cloud computing was a game changer just a few years ago, as fewer huge servers were needed to be purchased by a business. Also, less money was required for IT support and for hardware. However, the cloud didn’t make everything better. There is still a need for edge computing—the act of having at least
Many organizations begin discussions about Digital Transformation from a technology lens. E.g. I would like my business to be cloud-enabled, leverage microservices architecture, or enable the field staff to improve productivity through mobile solutions. The issue with this? What they achieve is only a Technology transformation rather than the Digital transformation. It will soon become
The emergence of the Internet of Things (IoT) has revolutionized the global market. Since its beginning, IoT technology has mostly focused on consumer products, as well as assisting in digital transformation in industries. With time, the IoT scope has expanded as the technological methods and devices advance. This year as seen some remarkable advancements in
When it comes to logistics business, companies frequently face a number of challenges that can be attributed to a lack of metrics, or a quantifiable way to measure, track, and determine if freight bills are correct. Freight claim resolutions become lost in the mire of doing business and lack of oversight and visibility leads to freight
Technological advances are impacting all areas of the economy. One of the biggest changes in recent years is the evolution of data warehouse as a service. For those who may not know, data warehouse as a service is a model in which a service provider or company both configures and manages the equipment (such as
The center will advance bold new opportunities for the global language solutions provider. Techwave®, a global leader in consulting, technology and next-generation services announced the launch of a joint Digital Center of Excellence (CoE) with global language services provider thebigword Group, at the Techwave campus in Hyderabad. The centre focuses on digital transformation initiatives that
Robotic Process Automation, or RPA, offers interesting benefits for the financial services industry. It may offer solutions for companies who want to improve efficiency in their finance and accounting departments. The key is focusing on innovation within the company to cut costs and improve results. What is RPA? What is RPA in finance and accounting? When