Every business is undergoing a digital transition, which in turn keeps adding huge amount of information every day. Big Data is one of the best tool in today’s world when we talk about problem solving. It has truly helped us in overcoming the age-old challenges, and now it is doing the same with different businesses. Read more at:
https://www.smartdatacollective.com/big-data-unlocks-key-age-old-challenges-businesses-face/
Digitization is now controlling the world and given a significant threat to various jobs. Banking and Financial industry have been affected maximum in this regard. After demonetization, payment wallets got a boost and make banking process simpler and easier.A Recent study by Citigroup revealed that around 30% of bank jobs could be lost between 2015-2025 in the whole world. ATMs are also threat to lose jobs. But in many cases , complete automation is not possible for now because human supervision is required. Read more at:https://www.entrepreneur.com/article/294142
This year was good for SaaS startups in the country. Indian markets adopted newer technologies into its systems. More opportunities for SaaS players are expected from the BFSI sector. SaaS companies use business model that provides software solution over the internet and they charge the customers according to the usage of software since most of the financial solutions have gone online. The software uses around 2000 data points to evaluate the credit score and corresponding interest rate. Many big data analytics startups provide solutions to industries. Read more at: http://economictimes.indiatimes.com/small-biz/policy-trends/digitisation-push-makes-bfsi-sector-attractive-to-saas-players/articleshow/56325400.cms?from=mdr
Aadhaar Enabled Payment System is gaining massive popularity in India. Numerous Aadhaar payment apps have come up. This is a huge step towards Financial Inclusion. According to the author Aadhaar merchant payment apps are faster in operation. Read more at http://www.senrysa.com/blog/?p=159
Digital Transformation has brought a lot of advantages as well as challenges. In the race where everyone is rushing to get digital, customer experience holds the highest priority. Digitization not only affects the internal working structure of the organization, but also affects the customers of the company. Digitization is taking place in every sector. So those who keep themselves isolated from this will be marginalized completely. With the expense of mobile technology, users are getting very comfortable with remote control. The daily access to the digital world has brought a huge change in the customer behavior, so the digital strategy of an organization must be comprehensive. To improve the customer experience, all the departments must be working together. Moreover more the digitization, higher the amount of data. Data must be from the various departments must be integrated through a good communication channel. Read more about it in the article written at: http://blogs.adobe.com/digitaleurope/digital-marketing/pac-study-customer-experience-in-the-digital-age/
