Business transaction data is a huge part of any bank's functioning and is managed and stored by IT systems. Business processes are supported by these IT systems. With these IT systems in pace, the level of human interaction has drastically reduced. This, in turn, has become a huge reason for fraud to occur. Automated controls are used to keep frauds in check. Identifying an … [Read more...] about How Fraud Analytics Can Protect the Banking Sector
Archives for 2018
How Deep Learning Delivers For Deep Learning Apps
Deep Learning is possibly one of the best modern examples of what marketing would call a 'disruptive technology'. Investopedia states that disruptive technology is any technology that can alter the way a business of an entire industry works significantly. In the case of Deep Learning applications, these can benefit almost any industry immensely, but until recently the ability … [Read more...] about How Deep Learning Delivers For Deep Learning Apps
How ad-hoc analysis has become the fast food of BI
The ad hoc promise In a world where businesses live or die on data, self-serve BI is the information super-food we've been waiting for. Or so the rhetoric around this popular tool would have us believe. Also known as data exploration, exploratory data analysis, data discovery and ad hoc reporting, self-serve BI has many names, but one big promise: to radically reduce the time … [Read more...] about How ad-hoc analysis has become the fast food of BI
What Happens if Your Data is Breached
So much information is sent around the internet and via phones that we take it for granted. We might hear stories about people having their information stolen, but rationalize that it could never happen to us, or that if it did, it wouldn't be that big of a deal. However, any invasion of your personal information is a serious matter. Here's what happens if your data is … [Read more...] about What Happens if Your Data is Breached
How the Intelligent Enterprise Can Improve the Customer Experience
If you take care of your customers, your customers will take care of your shareholders. It is that simple. To create value for your shareholders, you should focus on your customers. Offering your most important stakeholder what they need, when they need it. Unfortunately, many organisations fail to recognise the customer as their most important stakeholder. Thereby threatening … [Read more...] about How the Intelligent Enterprise Can Improve the Customer Experience
