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
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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
Data-Driven Hiring Using Big Data and Analytics to Improve Your Hiring Process
There are many things that human resource (HR) professionals must consider to ensure that they've hired the right job candidates. It's important to find the right people for available roles and make sure that they will stay with the company. Also, new hires must fit in with the current corporate culture, enjoy their work and have the skills to fulfill their … [Read more...] about Data-Driven Hiring Using Big Data and Analytics to Improve Your Hiring Process
How to Build the Organisation of Tomorrow?
A question that I get asked a lot is how should organisations navigate today's digital transformation? An interesting question that encompasses different layers. It depends on who asks the question, the company involved, the industry the company is in, the size of the company, etc. Since the arrival of information technologies, digital transformation has been on the agenda for … [Read more...] about How to Build the Organisation of Tomorrow?
How Big Data is Improving Demand Forecasting Among SMBs
Small and medium-sized businesses (SMBs) are always falling victim to market pressures, but big data processing is transforming the way these companies deal with these pressures. Predicting demand is never easy, especially when it's done in the traditional manner. However, a few recent breakthroughs in the field of statistics are helping to dramatically alter the way that … [Read more...] about How Big Data is Improving Demand Forecasting Among SMBs
