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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

Financial Digitization and Automation

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

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Technology And The Changing Landscape Of The Healthcare Industry

To the huge size and structure of the healthcare industry in India, technology can add immense value to it. Technologies can make differences in the various problem areas. Technologies like telemedicine can increase the reach of doctors to these rural areas to increase the accessibilities of doctors. A startup which is providing e-consultations through message, voice or video call do provide a convenient option at a lower cost for affordability issue. We can aware people by giving them the information about symptom, diagnosis and treatments of various critical diseases through mobile. We can also make people aware about the price and quality of medicines. Read more at:https://www.entrepreneur.com/article/296157

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The Importance of Bots

Bots are the update of apps and websites. Bots will improve the way we use mobiles and computers. Bots will make it easier and faster to get things done. Bots also solves the download problem caused by apps. For developers and businesses, bots dramatically reduce the cost, time of developing and marketing their services. Read more at: https://www.entrepreneur.com/article/278001

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The8App:Money Maker

The8App Cloud provides individual users a daily stream of direct offers from brands that need to reward them for posting or sharing relevant content across their own social platforms.

Micro-influencers need to be rewarded for his or her interactions on social media and The8App allows users to legitimise their social influence by sharing brand campaigns.

Brands may love the chance to faucet into influencers so that they will incentivize social content on behalf of the brand.

Although the brand needs to "empower each individual with the tools to legitimise their social influence," blindly sharing ads across social feeds isn't correct.

 

Like affiliate selling revenue for the tip user, users may need to attend it slow till they will alone live off their social media activities from the app. Read more at :

http://www.zdnet.com/article/social-influencers-finally-have-the-chance-to-make-money-with-the8app/

 

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Safer selfies on the way as Instagram plans two-step verification

Instagram has introduced several new features that will improve the app experience for advertisers and users alike.

1. Instagram has opened up two-factor authentication to boost the account security of all of its users

2. Blurred Content Filters Instagram is also increasing its censorship of sensitive content.

3. With direct booking, users get a more streamlined in-app experience, so if you see an amazing Instagram photo of the latest trendy food, you’ll be able to make a reservation right on the restaurant’s Instagram profile.This tool will allow users to make a booking or appointment directly on a business’ Instagram profile.

 

With 400 million daily active users and counting, Instagram is doing pretty well for itself. This growth will undoubtedly spark more updates in the future. Stay tuned! Read more at:

http://socialmediaexplorer.com/content-sections/news-and-noise/instagram-rolls-out-new-security-and-booking-features/

 

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Artificial Intelligence and Insurance Sector

There is no doubt that Artificial Intelligence is impacting all walks of life toady-be it driverless cars, automated surgeries, AI robot and more. AI was recently introduced at the Zurich Insurance company for claims handling and it did the magic- saved 40,000 work hours, while speeding the claim processing time to just five seconds. The insurers are now planning to reap the benefits of this technological advancement and expand the use of AI. The days are not far when AI boats will be deployed to help in setting up policies and process insurance claims. The accuracy is expected to increase over time better performance. For a good read, follow the link below: https://eandt.theiet.org/content/articles/2017/05/ai-adopted-by-zurich-insurance-to-assess-personal-injury-claims/

 

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Taking insurance to the next level with the help of technology

Chatbots are fast becoming a business imperative for businesses that want to engage with their customers. , with artificial intelligence and natural language processing, online chat is becoming the preferred way to communicate with the brand for many users who want an on-the-spot answer to their query. It partnered with enterprise-focused chatbot developer SmallTalk to provide tailored insurance policies for small businesses via a social channel. 

Chatbot technology is redefining the way we view and engage with some of the largest and most traditional industries, including insurance. Palo Alto, Calif.-based start-up Next Insurance has launched an insurance chatbot to enable small businesses to quote and buy insurance via a Facebook Messenger chatbot. Thus bringing simplicity, transparency, and easy access while buying insurance.

Read more at : http://www.zdnet.com/article/next-insurance-launches-facebook-messenger-chatbot-to-replace-the-insurance-agent/

 

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Downfall for swiss due to Technology

 Swiss exports have fallen for the third year in a row. This hasn’t happened since 1930, in the depths of the Depression.Experts attribute the fall to a few factors. First, American imports have fallen 28% as more and more people abandon watches or settle on Apple Watches. Younger people don’t want to buy watches at official sellers, instead choosing to go online.Watch sales have fallen before. The recent recession flattened new sales as traders sold their fancy Rolexes and Pateks at a discount just to get liquid.The Swiss can fix this. They need  to educate the next generation about the history of the things they want them to love,and they also need to make including some techy stuff which would attract young generation. Read more at : https://techcrunch.com/2017/05/17/swiss-watch-exports-dropped-for-a-third-year-in-a-row/

 

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