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May 13, 2020
Biggest Challenges in Financial Sector and Tech Solutions to Overcome Them
The financial services market has seen radical technology-led changes over the past few years. Many leaders look to their IT departments to improve performance and promote game-changing innovation – while somehow reducing costs and, at the same time,  continuing to use legacy systems. “To succeed in this rapidly changing landscape, IT executives will need to agree with the rest of the management team on the posture they wish to adopt. Will they try to be industry leaders, fast followers, or will they just react? Whichever direction they choose, they will need to devise a clear strategy to move forward.” FS Tech 2020 and Beyond: Embracing disruption Meantime, fintech startups are disrupting the established markets, leading with user-centric solutions developed from scratch and unencumbered by legacy platforms.  Customers have certain expectations and are now necessitating better services, seamless experiences regardless of channel, and more value for their money. Also, regulators demand more from the industry and have started to adopt new technologies that will transform their ability to gather and analyze data. And the pace of drastic change is not even at the peak. There is no doubt that technology is affecting financial services in multiple ways. The PWC report suggests ten key influencers that IT executives need to address while strategic planning for 2020 and beyond.Each of these drivers is likely to change financial services companies and their management teams in far-reaching ways. And while each can have a disproportionately strong effect on a given country, customer set, or industry sector, they all present opportunities for the thinking executive to go ahead. Knowing a robotics era is coming, for example, you have a choice: to harness the innovation, or to see others benefit from a global shift. The section below sets up challenges around these ten influencers: to know them, get ready for them, and see how to employ them to get a competitive advantage.
#Cloud #FinTech #Software Development #Whitepaper
April 27, 2020
Intelligent Automation As A New Era Of RPA
I think intelligent automation can smooth certain tasks that in the past were impossible to be simplified, so not only will we have a much wealthier civilization, but the quality of work will go up very significantly and a higher fraction of people will have callings and careers relative to today. Jeff Bezos, founder of Amazon. Intelligent Automation as comprising technology in the field of RPA (Robotic Process Automation) and AI (Artificial Intelligence) is aimed at enabling business processes automation and digital transformation performance. According to the global Statista survey, 39% of respondents share the opinion that intelligent automation is implemented in their enterprises to streamline operational activities. And 32% more notice it is planned to launch RPA in a year. RPA worldwide revenue is growing constantly as it’s seen in the chart below.CMO of Softomotive, RPA solutions development company, Kyle Kim-Hays described the main 2020 trend of intelligent automation in such a way: “It’s specifically for 2020 that robotic process automation is moving from the field of back-office and IT-focused tasks and moved deeper into the production and day-to-day logistics and supply chain management operations”. So, here we propose to outline the basics of the process intelligent automation, the main challenges of the industry now, to follow successful cases of RPA application in SCM and logistics as well as robotics technologies integration to enhance operational efficiency.
#Article #Big Data & Highload #Logistics #Machine Learning #Software Development
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