New Age Technology Companies in Financial Services

AI and Machine Learning paving the pay to remove human interaction and role in decision making.“Autonomous Finance” will enable every customers to have personal financial advisor/ banker making all financial decisions for them. The new technology-based start-ups and fintechs have emerged in the past few years. There are radical changes being observed in the financial services industry. We can see there are leading financial services and banks which are fast moving towards deploying new age technologies and employing AI and Machine learning. They are helping in streamlining their processes, optimising portfolios, and decreasing risks and also underwriting loans. The fintechs … Continue reading New Age Technology Companies in Financial Services

Advanced analytics in hospitality

Digital technology advances in the last 20 years have driven numerous innovations and disruptions in the travel industry. These technologies and the companies offering them have rearranged the industry, leaving behind some players — for example, travel agents — while introducing more complexity into the value chain between travelers and destinations. More recently, mobile technologies have taken center stage as consumer behavior shifts with astonishing speed towards smartphone research and booking travel. As of October 2015, according to a report by Expedia Media Solutions / comScore, US customers who book travel online have consistently spent more time interacting with travel … Continue reading Advanced analytics in hospitality

The Change in Analytics Spending due to Covid-19

The downturn that has been created due to the impact of corona virus is changing the way the businesses are looking at the Analytics and Business Intelligence. The early signs to defy the economic impact of COVID-19 are being shown by the projects in analytics and business intelligence. Business have shifted their focus of looking at the analytics and BI as a radar they could use so that they effectively plan and execute strategies leading their way to survival through the impact of corona virus. According to a recent interim findings by the Dresner Advisory Services through their survey 2020 … Continue reading The Change in Analytics Spending due to Covid-19

Healthcare 3.0: Digitization in Healthcare

Health 3.0 is the digital approach to healthcare that is geared towards making healthcare easily available, accessible, quick, and affordable to all. It focuses on the “consumer-patient model” where both patient and doctor use technology to make decisions. Some of the key digital health trends that will drive Healthcare 3.0 are: Resurgence of Telemedicine The next decade will observe resurgence of interest and demand in telemedicine fuelled by technology advancements and availability of 5G (fifth generation wireless technology for digital cellular networks). Smart consumers across rural and urban areas will demand telemedicine services through health centres and mobile based telemedicine … Continue reading Healthcare 3.0: Digitization in Healthcare

Augmented Analytics: Can this new wave relieve a company’s dependence on Data Scientists?

Well the world has been buzzing with words like, big data, analytics, data mining and what not. We know that technology is growing rapidly and so is our dependency on it. We can see technology and analytics seeping into every industry, be it agriculture, auditing, healthcare or even sports. There are constant murmurs of changing the way we work, specific jobs dying out, new jobs coming up. We are at a juncture where everyone agrees that data analytics is not only important but is essential for any business and can help increase the revenue of any business drastically. So where … Continue reading Augmented Analytics: Can this new wave relieve a company’s dependence on Data Scientists?

Questions to ask when arriving at Data-Driven Decisions

It is no surprise that data is at the core of every business today. It is projected by the International Data Corporation (IDC), which is a global market intelligence firm that it is estimated that the spending by the various companies across the world on analytics involving data would reach around $274.3 billion by 2022. This is important to highlight here is that majority of the money being put in such projects are not being used wisely as it has been estimated by a Gartner Analyst Nick Heudecket that among the big data projects it is likely that 85% of … Continue reading Questions to ask when arriving at Data-Driven Decisions