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SigmaWay Blog

SigmaWay Blog tries to aggregate original and third party content for the site users. It caters to articles on Process Improvement, Lean Six Sigma, Analytics, Market Intelligence, Training ,IT Services and industries which SigmaWay caters to

ATMs may get multi functional but never extinct

Debates have started in some countries to make cash as well as ATMs extinct in 5-10 years. According to an estimate by the ATM Industry Association (ATMAI), there are more than 3 million ATMs worldwide and the number of financial transactions— in a month is close of 9 billion. The banking system in many countries is modernizing, and installation of ATMs is part of the process. Value-added services like balance enquiry, funds transfer and bill payment are offered. In India, interoperability of ATMs is one of the unique features. Read more at: http://economictimes.indiatimes.com/industry/banking/finance/banking/50-years-after-invention-atms-are-still-here-to-stay/articleshow/59403164.cms

 

 

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Open Source The New Trend

Most companies are deriving benefits from open source software's, as numbers of programmers and developers are provided access to the source code. This has helped employees gain domain expertise through collaboration. Open source brings higher visibility and better business opportunities. The reasons for growing prominence are:
1. Intellectual property concerns no more hindering the use of open source.
2. Enhancing reach and learning of the community by diversity of thought and better technique.
3. Providing better opportunities for interoperability between competing firms.
4. Increase analytics penetration.
5. Demonstrating technical ability, where ability to think innovatively can be measured by a potential customer.
To know more: 
http://bridgei2i.com/blog/why-open-source-is-important-to-analytics-industry/

 

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Internet of Things, The New Game Changer

Internet of Things is set to digitize the world, with sensory technology in devices, feeding real time data to the internet. It is projected to have economic impact of $3.9 trillion to $11.1 trillion by 2025.
Such impact requires favorable groundwork, like interoperability between IoT systems and data generated must be used to its maximum. There is large potential in developing countries; customers will capture most benefits with users in businesses and other organization with remote monitoring in healthcare etc. The digitization of machines is a revolutionary idea, and even shows promise at this infant stage. Capturing full potential will require innovation and investment.To know more: 
http://www.mckinsey.com/insights/business_technology/the_internet_of_things_the_value_of_digitizing_the_physical_world

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