Author: cioadmin
Overview of Insurtech & Its Impact on the Insurance Industry
What Is Insurtech? Insurtech refers to the use of technology innovations designed to find cost savings and efficiency from the current insurance industry model. Insurtech is a combination of the words “insurance” and “technology,” inspired by the term fintech. KEY TAKEAWAYS Understanding Insurtech Insurtech is premised on the belief that the insurance industry is ripe for innovation…
Digital Supply Chain Transformation: Your Go
A web search on “Digital Supply Chain Transformation” returns around 126 million results – a substantial body of knowledge to guide organisations on digital transformations. Despite these resources, evidence suggests that up to 53% of these efforts don’t achieve their objectives. Digital supply chain transformations are not just IT projects No matter how tempting it…
Supply Chain Transformation Methodology for Complex Multinational Organizations
Supply chain transformation is on everyone’s radar right now, and with good reason. Now is a great time to examine the hub and spoke supply chain network model. It’s an intuitive approach to a transformation program, and one ideally suited to multinational organizations looking to enhance efficiency and resilience across far-flung locations. A supply chain…
5G: The flash of a new generation
We have innumerable studies that are trying to quantify and predict the material impact of Fifth Generation (5G) and the Internet of Things (IoT). Some of these focus on the cost aspect and others on the value to society. However, even as these studies are ongoing, it is evident that 5G will spur innovation across…
Technology: A need and investment
As we evolve in a tech-driven world, the tech industry is growing, hitting investment records and attracting investors. The current pandemic imposed, almost obligatory, health protocols and precautionary measures to curve out its effects. In this effort, social distancing guidelines and work-from-home setups were implemented. As COVID-19 caused physical separation, technology kept us digitally connected.…
KYC Compliance – A identifier
When we talk about the financial sector, it is riddled with bad actors looking for attractive opportunities to bank on. Since consumers are turning towards the digital space, it has become essential for businesses to carry out verification measures to combat digital fraud and identity theft – which is a growing concern these days. Criminals…
How RPA is Revolutionizing Insurance Industry
We live in an age where innovation takes place every morning in every industry. For years, companies have used too much workforce in redundant processes, which is a waste of money and employees. Employees working in the same processes every day result in productivity reduction and can cause errors in critical areas. In an industry…
Microsoft Dynamics 365 A powerful tool to the Business World
Microsoft Dynamics 365 is a business platform that runs on a cloud-based application by connecting components like customer relationship management (CRM) and enterprise resource planning (ERP) along with productivity applications and artificial intelligence tools. Microsoft Dynamics 365 was launched in 2016 when Microsoft brought Dynamics AX, its ERP application, and the Dynamics CRM application. It was…
Smart Infrastructure: Building a Sustainable Future
The need for sustainable and resilient infrastructure has never been greater. With smart infrastructure, we’re creating an ecosystem that connects the physical world with the digital world. Data-driven decision making empowers customers to make energy systems and processes in buildings and industries more efficient and sustainable. We’re transforming the ordinary to create a better tomorrow.…
Five ransomware attacks
Organizations including Puma, Hensoldt and Bridgestone have all been subject to ransomware attacks since the start of 2022 Ransomware attacks have been on the rise, accelerated popularization of remote, increased digital transformation within organizations and increased risk around digital supply chains. The global cost of ransomware attacks is expected to increase from $20bn in 2021…
