Data privacy is crucial and most important for every industry to protect their confidential data. However, the fintech industry and the banking, financial services, and insurance (BFSI) sector is faced with major data privacy challenges because of increase in digitization and technological reliance. As guardians of vast amounts of sensitive data of customers, these sectors…
As we know that phone call scams have been in the market for ages and each one of us have come across such a call during our lifetime. But this is where the Department of Telecom (DoT) has launched an innovative solution that can help make out the difference between a legitimate call and an…
As we know we are now becoming a very data-driven society, and hence database administrators or DBAs are becoming a crucial part of every industry. A DBA is responsible for handling the data lifecycle management (DLM). Data lifecycle management includes the following: Data acquisition Integration Storage Optimisation Processing Analysis Archiving Retention Final disposal The responsibility…
Real-time data is becoming standard in the on-demand environment of today. Businesses can now conduct real-time analytics and communicate quickly with connected devices thanks to streaming data pipelines, which enables them to make faster, data-driven decisions. The increased need for current knowledge is what is causing this change, just as we now anticipate round-the-clock news updates. …
We are in a digital age today, where everything we do is 100x easier compared to 20 years back. This is due to the digital landscape, where data plays a crucial role. Many people term data to be a radioactive substance rather than gold or oil. While data has extreme potential to change how we…
As per reports, banks are now starting to invest in Data analytics and AI technologies to improve the decision-making processes, enhance customer experiences, and finally avoid financial crimes or scams. It is also seen that banks will implement and are implementing innovative models like Banking-as-a-Platform (BaaP) and Banking-as-a-Service (BaaS) to speed up the introduction of…
Predictions suggest that hyper-personalization will become more common by the year 2024 reshaping the consumer experience (CX). In contrast to customization or personalization where a customer’s name might be added to an email, hyper-personalization leverages data and artificial intelligence to create tailored experiences for consumers. This approach offers recommendations and interactions by analyzing customer behaviour…
With Google’s Project Gameface, individuals with impairments may operate computers and Android devices simply by moving their heads and making facial expressions. It’s like having a superhero for them. These days, it’s about making everyday chores easier for everyone, not just about gaming. Thanks to Google’s open-source philosophy, developers may now use this technology to…
Over time, Businesses have started using Artificial intelligence for video creation. Now those time-consuming corporate films or digital suites are done with ease. As per the latest updates, artificial intelligence (AI) is being leveraged by video editing software to help with content development and to open up new creative possibilities. Companies are now investigating the…
Businesses are optimistic about implementing generative artificial intelligence (Gen AI) to disrupt industries, but they frequently misunderstand the requirements for its successful implementation and deployment, this is as per a global survey conducted by MIT Technology Review Insights. Many businesses, especially those that already have expertise in deploying AI, lack faith in their IT capabilities,…