How Various Industries are Leveraging the Power of Real-Time Analytics
The good old days of a slow-paced world are long gone. The world is rapidly changing, and so are customer preferences. The product life cycles are shrinking. It will shrink even further, with rapid strides in technological advancements and changing economic conditions. Deloitte has come up with the term that “Uber others or run the […]
Are We Ready For The New Age of AI-Driven HR?
It is an age-old knowledge that a happy employee is a productive employee. For any organization, employees are the first customers. According to research by Aberdeen,companies with engaged employees see over 25% greater annual increase in revenue! Human Resource divisions across organizations of all sizes and verticals, therefore, have employee engagement and employee enablement high […]
Top 5 Practical Applications of IoT in Automotive
ABI Research forecaststhat by 2022, there will be 300 million connected cars on the road. Today, there are 37 million of them so one can guess the tremendous amount of growth that is predicted. In the next five years, approximately $270 billion will be spent in the development and implementation of Automotive IoT solutions. The […]
The Various Ways Banks Can Benefit From Data Analytics
It is being speculated that by 2020, the total assets become $900 trillion, which is roughly 10 times the size of the underlying global economy. This will result in an age of lower interest rates and pressures on margin. Changing demographics also mean that the banks will have to relocate and open branches in […]
Digital Transformation Needs A Strong Data Foundation
Digitization is all about putting the customer at the center of things and revolving the strategies around it. Most of the apps, as well as websites, have the common goal of delivering a superior and highly personalized customer experience by knowing more and more about the customers and their needs. Brands like Netflix to Amazon […]
Various Ways Companies Are Using Data Analytics to Improve Customer Experience
«We see our customers as invited guests to a party, and we are the hosts. It’s our job every day to make every important aspect of the customer experience a little bit better«- Jeff Bezos Jeff Bezos needs no introduction. With his obsession and passion with customer experience, what Amazon has done is cinematic history. […]
5 Examples of AI at Work in Retail
The holiday shopping season is already underway. Retailers are doing everything in their capacity to woo customers to their online and brick-and-mortar stores. To enhance the shopping experience for their consumers, retailers around the world have started leveraging the power of technology, in particular, the AI (Artificial Intelligence) technology. AI is not new for retailers. […]
Here Is How Machine Learning is Transforming These 5 Industries
When Digital Transformation is the topic of conversation amongst CIOs, machine learning has caught everyone’s attention. With its ability to automate things and facilitate improved, data-based decision-making, machine learning has become a priority for most of the CIOs. A study found that for 53% CIOs, machine learning is a focus of digital transformation efforts. Machine learning […]
The 5 Key Elements Of A Successful Business Intelligence Strategy
Business Intelligence has allowed businesses to shift from traditional practices of gut-feeling based decision-making to data-driven decision-making. Today, BI is not just a good-to-have but has become a necessity for companies to stay ahead of their competitors. Studies find that the market of Business Intelligence is expected to grow to $20 billionby the end of […]
New in the C-Suite – Chief Data Officer
Not long ago, data was considered as just data, but now it’s the new gold and it has now been also accepted that data is the new oil. Data plays a pivotal role in assisting organizations to arrive at business strategies based on sales, customers, trends or marketing. As the data being collected around us […]