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Emerging Technologies in The Healthcare Sector

Posted by Anna Mielczarek on 15-Nov-2018 07:30:00

‘Consumers around the world are ready to embrace AI and robotics for their healthcare needs’ says Dennis Brown from PwC.

According to PwC research more than half of customers (54%) are willing to engage with Artificial Intelligence (AI) and robotics for their healthcare needs. Easier and quicker accessibility (34%) as well as faster and more accuracy (31%) are seen as the main advantages of using new technology in the healthcare, while ‘human touch’ (47%) and trust (38%) are the biggest challenges.  

As the healthcare industry is experiencing its most rapid pace of change and innovation, it comes as no surprise that people are finally ready to embrace emerging technologies, which, undoubtedly, have the potential to transform the healthcare, and make it faster, better, more accurate and accessible than ever.

But what are the emerging technologies and how exactly can they change, and improve the healthcare sector?

Let’s find out now!

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Topics: Emerging Trends, Emerging Technology, AI, AR and VR, Healthcare

Going Digital Creates New Risks in The Financial Sector

Posted by Anna Mielczarek on 30-Oct-2018 07:30:00

The massive global movement of companies going digital is continually forcing essential changes in what new products and services are created, and how they are delivered to financial services customers.  The position of well-established, traditional banks is changing dramatically due to the emergence of new start-ups companies, and new business and operating models they use and promote.

In its recent paper ‘Moving from analog to digital: a new paradigm for risk management.’ EY states that industry transformation is afoot on an unprecedented scale.

Demographic change; radical new technologies and data usage; a changing regulatory paradigm; and a fast-changing and ever-more-complex ecosystem of competitors, partners and vendors are all listed as key trends that are supporting Digital Transformation. And although, they do force the necessary changes and provide firms with new opportunities, there are also associated with an uncertainty.

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Topics: Digital Transformation, Emerging Technology, Challenges, Finance, Risk Management

Digital Transformation of IKEA: Innovation Lab, Smart Home Products and Self-driving Cars

Posted by Anna Mielczarek on 25-Oct-2018 07:30:00

Digital Transformation is everywhere. Every industry and every business will need to, sooner or later, transform itself digitally. And IKEA is no exception. You might think that a major retail brand like IKEA won’t have to worry about it, but the truth is that in order to stay relevant in the industry IKEA must implement some pretty big changes to its operating model.

‘When you look at the changes Swedish furniture giant IKEA is implementing in its operations, it’s clear that they aren’t satisfied with the status quo,’ writes Bernard Marr in his case study of IKEA’s Digital Transformation.

So, what are some of the savvy moves IKEA has been taking to transform itself digitally, and do they mean that Swedish retail giant is slowly becoming a tech company like stated by Marr?

Let’s find out!

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Topics: Digital Transformation, Emerging Technology, Emerging Trends, Success, retail, General Tech News

Are Banks Still Not Ready for Digital Transformation?

Posted by Anna Mielczarek on 23-Oct-2018 07:30:00

Digital Transformation can be a real challenge for the financial sector. In the past few years a great majority of well-established, traditional banks have tried to become more digital in order to address the emergence of new challenger banks that have been slowly taking away their customers. But unfortunately, many projects end in failure as financial institutions have a hard time getting real results. Most banks are focusing on polishing the front end so much that they almost seem to forget that it must be supported by back end as well. And this approach results in crushing systems which leave customers unable to log into their bank accounts.

So, what are some of the examples of banks not being fully prepared for digital changes they have implemented?

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Topics: Digital Transformation, Emerging Technology, Finance, Challenges

Artificial Intelligence in the Banking Sector

Posted by Anna Mielczarek on 18-Oct-2018 07:30:00

The pace at which companies are investing in artificial intelligence (AI) continues to gain momentum and the financial sector is no exception. In fact, according to Business Insider report ‘AI is one of the most commonly referenced terms by financial institutions (FIs) and payments firms when describing their vision for the future banking sector as it can be applied to almost every area of financial services.’

But that’s not all! As stated by global management consultancy Accenture, banks that invest in AI and human-machine collaboration tools could boost their revenue by over a third (34%) by 2022.

Moreover, AI is considered one of the most important disruptive technologies for today’s banks, as a recent PwC survey revealed that 72% of senior management see AI and machine learning (ML) as key sources of competitive advantage. The same survey also highlighted that 52% of firms in the financial services sector are already making substantial commitments to AI, with 66% projecting significant investments by 2020.

So, it seems that these numbers speak for themselves – when it comes to financial services AI is a must!

But how exactly AI can help banks improve their operations and bring them closer to their customers?

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Topics: Digital Transformation, Emerging Technology, artificial intelligence, Finance, AI

How Digital Transformation Can Help You Improve Customer Engagement

Posted by Anna Mielczarek on 16-Oct-2018 07:30:00

Over the past several years, a great majority of organisations have been focusing their efforts on deploying Digital Transformation into their businesses. Nowadays, there is a growing need for digital innovation that can bring a company closer to becoming a digital enterprise. And only new technologies have the power to enable companies to create more agile environment, become more flexible, scalable, while also delivering a seamless and consistent customer experience across channels.  

But while Digital Transformation can indeed help businesses achieve all that, for many, it may seem that this movement towards world run by technology and automation would make brands more distant from the consumers, instead of connecting with them more personally.

However, it is not true, and in fact, if implemented successfully, Digital Transformation is more than likely to help companies improve customer engagement.

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Topics: Digital Transformation, Emerging Trends, retail, Emerging Technology, General Tech News, Engagement

How Emerging Technologies Are Transforming The Retail Industry

Posted by Anna Mielczarek on 11-Oct-2018 07:30:00

Retail industry has taken a sharp turn. When we compare, what retail was about 10 or 15 years ago, and what it is now, the transformation is enormous. In fact, it makes us realise how fast the industry has changed with the help of innovative IT solutions, and the new technology.

To understand it better, let’s look at the example: before, when someone had to make a purchase, they had a handful of options i.e. few local stores to choose from. And then, it was enough, but now the situation is quite different. Customers of digital age have a multitude of options to decide how and where to buy the product from. With an abundance of information available at the fingertips, customers have high demands and expectations from the retailer – for example, nowadays, we don’t want to simply buy products in the store – we want to get them delivered to our house, and we want it fast.

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Topics: Digital Transformation, Emerging Trends, retail, Emerging Technology, General Tech News

Digital Transformation Is Reshaping Financial Services

Posted by Anna Mielczarek on 02-Oct-2018 07:30:00

Usually described as resistant to change and quite conservative, financial sector has no choice but to follow other industries in their digital journey. Well-established, traditional banks have been challenged by financial technology start-up companies that take over industry by combining digital technology, social media, and big data analytics to replace traditional models with financial products and services enabled by new technology.

So, as disruptive changes occurring in the financial services industry are largely the result of digital technologies that have been developed and refined over the past decade, it comes as no surprise that in order to survive, and stay competitive the financial services industry and its CIOs are increasingly embracing Digital Transformation to improve their IT infrastructures.

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Topics: Digital Transformation, Change and Innovation, Challenges, Finance, Emerging Technology

Digital Transformation - Success Stories You Should Learn From

Posted by Anna Mielczarek on 21-Aug-2018 07:30:00

 

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Topics: Digital Transformation, Success, People, Emerging Technology, retail, travel

Emerging Technology Trends You Need To Know About

Posted by Anna Mielczarek on 14-Aug-2018 07:30:00

 

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Topics: Digital Transformation, Emerging Technology, General Tech News, AR and VR, AI, Emerging Trends