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Top 5 Digital transformation use cases for the BFSI industry

Acuvate

“Digital banking,” “super apps,” “hyper-personalization,” “customer experience,” and “agility” — are the terms redefining the BFSI industry today. Additionally, even though banks invest large sums of money in contact centers for handling inbound customer queries, a majority of these calls are generic and repetitive.

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Open Banking: what it is, how it works and why invest ASAP

mjvinnovation

In this movement, the term Open Banking becomes a promising reality. In this article, we will demystify and simplify the open APIs concept for banks. Keep reading to see what benefits are for banking institutions, their customers and more! The banks’ challenges with Digital Transformation. What is Open Banking.

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Data Science: Why and How do you Invest in Data?

mjvinnovation

A Data Science strategy aims to mine large amounts of structured and unstructured data to, among other things, identify patterns to help organizations control costs, increase efficiency, recognize new market opportunities, and increase competitive advantage. What technologies and practices are under the umbrella of Data Science?

Data 40
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Daniel Burrus’ Top 20 Tech-Driven Hard Trends Shaping 2017

Daniel Burrus

Artificial Intelligence (AI), Advanced Machine Learning and Cognitive Computing Applications. Advances in Machine Learning and AI, such as IBM’s Watson, coupled with networked intelligent sensors, will create a giant leap forward thanks to exponential advances in computing power, digital storage, and bandwidth.

Trends 0
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Advanced Analytics in HR: Applications and Examples

Acuvate

The HR team can assess whether the existing resources can be trained to plug the identified competency gaps, or whether new talent with those competencies need to be hired. Job postings, recruiting, onboarding and training are some significant expenses of losing employees and replacing them. Personalizing training programmes.

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Applications of Artificial Intelligence (AI) in business

hackerearth

Businesses that use Artificial Intelligence (AI) and related technology to reveal new insights “will steal $1.2 Recent advances in AI have been helped by three factors: Access to big data generated from e-commerce, businesses, governments, science, wearables, and social media. predicts Forrester Research. Healthcare.

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How a Big Data Strategy Can Fight Insurance Fraud

mjvinnovation

At the same time, insurers have also understood that they need a Big Data strategy for various purposes. Continue reading and understand how Big Data can help insurers avoid headaches and financial damage! What is Big Data. ” Real Time Big Data. ” Real Time Big Data.