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Importance of IT Support in the Era of Digital Transformation

Dec 24, 2020

IT support has always been perceived as a service function of the organization that does not bring profit. However, with the development of technology, the support has included more and more new functions, and its importance has grown. The COVID-19 pandemic also contributed to the development of IT support. In this article, we will figure out why IT support is important for business, why its quality directly affects the company's profits, and what the prospects for this area are.... Read more

Fighting the Consequences of Coronavirus Using RTLS

Nov 29, 2020

The coronavirus has had a devastating impact not only on the health of millions of people worldwide but also on the financial security of thousands of healthcare institutions. With the global lockdown lifting, hospitals and other healthcare institutions have begun to resume the processes of providing non-emergency medical care, elective procedures, and checkups. Along with that, it was necessary to quickly recover the financial losses caused by the pandemic. The introduction of new technologies, especially IoT-based RTLS, helped in solving these problems.... Read more

10 Ways Artificial Intelligence is Changing the Banking Sector Today

Nov 18, 2020

Artificial Intelligence is a disruptive technology that is already used in various fields like trading, healthcare, finance, production, and others. AI significantly changes the way these areas operate in a fast-developing high-tech world. The banking sector is not an exception. In fact, digital transformation in banking is rapidly developing with the golden age of smartphones, wide data flow, and acceleration of the pace of life. So what are the aspects of the banking sphere that AI influences the most today?... Read more

What Small Businesses Need to Know About AWS

Nov 17, 2020

Amazon Web Services (AWS) is a platform essential not just for mega-corporations. Affordable computing resources, fast scaling, a versatile approach - these are the benefits that AWS offers to any company, regardless of its size. In this article, we'll take a closer look at how AWS works for business and why the platform is suitable even for small companies.... Read more

Implementation of New Technologies to Ensure a Cybersecurity in Investment and Banking

Nov 06, 2020

Even the largest companies need investment, even more than it might seem on the surface. And investors consider not only the profitability, market coverage, and growth potential of the company but also its security. That is why ensuring cybersecurity is one of the most important stages in preparing a company before the next round of attracting investments. For banks and investment companies that operate in this mode all the time, this problem is way more acute.... Read more

How AI and ML Can Be Used for Efficiency Improvement and Customer Engagement in Retail

Nov 05, 2020

A few years ago, the clothing company Burberry destroyed around 28 million pounds of surplus goods. This provoked a huge scandal and resulted in a loss of loyalty from part of the target audience. This case is still an example of an irrational and quite archaic approach to stock management - the company made the mistake at the production stage. AI and ML help to avoid such mistakes by calculating the volume of required products with an accuracy of one item and adjusting the figures in real time. What is more, control over production/procurement volumes is just one of the opportunities that AI and ML open up for manufacturers/retailers. In this article, we’re going to consider five of the most popular and powerful methods to improve efficiency and attract customers using AI and ML.... Read more

How Big Data and Location Intelligence Is Changing Business and the World

Nov 04, 2020

The mass adoption of smartphones has changed the world. The emergence of multiple sensors has led to the generation of a variety of data. IoT, Big Data, Location Intelligence - it's hard to dispute the potential of their impact on a business, no matter what industry it belongs to. More and more corporations are beginning to realize how important and useful location data can be. More and more attention is being paid to accurate and qualitative data; companies have learned to distinguish such data from garbage. In this article, we'll consider effective ways to leverage high-quality location data and discuss what benefits this can bring.... Read more

A New Model for Using Data Science in Insurance

Oct 30, 2020

The coronavirus pandemic continues to impact businesses even after quarantine measures in many countries have begun to ease. There has been a strong shift towards digital channels, and many people have realized that this is more convenient, regardless of whether staying home is required or not. The insurance industry is not an exception: many companies transferred their employees to telecommuting and began to actively develop remote services. Now, many insurance companies are focused on developing a new strategy that will allow them to successfully provide services in the changed environment.... Read more