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Tag: business automation

Overcoming and solving the challenges of data deluge in enterprises

According to McKinsey Global Institute, many large companies now store more data than the U.S. Library of Congress, but processing and understanding this increasing flood of incoming data in real-time is overwhelming business executives and government agencies around the globe. As the latest advances in technology put the value of data above all, many organizations now actively collect petabytes of data.  While data capture is important, the true value is…

Digital transformation is about customer ownership

Forrester Research’s report, The Digital Business Imperative, found that 31% of business executives surveyed believe that digital technologies are a major driver of business strategy. A more compelling 89% believe that digital will disrupt their business in the next year, because if they don’t, they risk losing customers, revenue and profits to more digitally savvy disruptors. In fact, PwC found in its 2017 Digital IQ Survey a connection between organizations that had more…

Putting business into customers’ pockets

If you want to see a bank customer wince, ask him to manually input some long numbers into your system. Yet in this digital transformation times, a large number of payments made by customers are still done by keying in data manually. The data that many businesses still require customers to provide range from account numbers, bank’s routing numbers, tax code numbers, tracking numbers to ID cards and passport numbers.…

Three reasons digital transformation initiatives are stunted

We’ve seen how digital transformation can disrupt an industry. Think of Blockbuster Entertainment’s physical stores vs. digital streaming on Netflix, and taxi services vs. Uber’s ridesharing app. From a B2B standpoint we saw the move from on-premise CRM applications like Oracle and Siebel to cloud-CRM Salesforce.com, or dedicated corporate data centers moving to Amazon, Google and Microsoft public and hybrid cloud hosting. According to IDC, by the end of 2017…

How much automation can finance processes achieve?

Despite noticeable efforts by enterprises to automate their work processes, tasks such as entering invoices and orders into financial systems are surprisingly often based on manual, error-strewn data-entry methods. However, organizations need quick and easy access to information, paired with a high degree of process automation to be able to innovate and keep pace with the competition. Automating finance processes brings an array of benefits to businesses. With data-capture driven…

Why artificial intelligence will finally unlock IoT

Can the surge in Internet of Things (IoT) enabled devices bring new challenges in data management for enterprises? The continuing growth in IoT devices has already created an onslaught of data requiring storage and retention. To keep up with IoT innovation, AI’s data analysis capabilities might be required. This will allow data to be analyzed immediately and accurately to maintain a continuous flow of information and feedback within the enterprise…