Weekly Rewind: Top 10 Stories On CXOToday (Oct 2-6)
The week that passed by saw some interesting trends and updates for enterprise technology decision makers. Topics such as Artificial Intelligence, Internet of Things, Big data, cyber security and Digital Transformation, continue to be the flavor of the week, as we have for you a host of articles on how these technologies are having a long term effect on various aspects of business.
We also bring to you our daily dose of news and analyses, interviews, case studies, infographics and expert columns like every week. So, if you have missed out any of our updates, do not worry. You would find everything that you wanted to read on CXOtoday Weekly Top 10. Read on to know more…
Gartner has identified the top ten strategic technology trends for the year ahead. Gartner defines “strategic” as those technologies that will have significant disruptive potential over the next five years.” From artificial intelligence going mainstream, to speedy rise of bitcoin crypto currencies and concerns over IoT security, here are the top ten predictions for the next few years.
Artificial Intelligence (AI) is gripping the world’s attention, though in early stages according to many, it is one of the most talked about technology. E-retailers have been one of the early adopters of this technology. The most popular applications of AI which retailers are already using or plan to use within the next 12 months are personalized product recommendations, customer service requests and Chatbots for more efficient customer service.
A diverse group of engineering and management professionals with an entrepreneurial mindset came together to form a customer centric company, solving business problems in SCM, Finance and Data Analytics space with smart and insightful solutions and products. That was how Option3 was formed. Payeli Ghosh, Founder and Director, Option3 speaks about her entrepreneurial journey, startup challenges and opportunities in India and the company’s future plans.
We have come a long way from the days when people had to wait eagerly for months to get a loan sanctioned or borrow against collateral. The absence of a strong financial history made many financial institutions reluctant in approving their loans applications, be it for starting a new business or buying a property. Such an inefficient and time-consuming market for financial products in India resulted in high rejection rates in the loan ecosystem. However, in recent years, the emergence of Big Data analytics and algorithms prompted many lenders to analyze non-traditional types of data that are not directly related to creditworthiness.
Are you choosing new software for your business? Well, there’s a huge amount of software available on the market, such as systems used to assist with your accounting through to this kind, which is specifically designed for retail businesses. But there are a few common factors you should think about, whatever you’re hoping to use it for. Work through this checklist to ensure you’re choosing the best software for your company.
There is not one industry or sector that is not affected by the tsunami of data and analytics. No wonder, emergent technologies such as AI and Analytics are being lapped up by enterprises undergoing digital disruption. These technologies together with Cloud enterprise software, are leading to a focused, collaborative, as well as explorative leveraging of data. AI, in particular, is replacing repetitive tasks that were usually handled by humans till now. There are six specific areas that are witnessing increasing intervention of digital technology such as AI.
Paul Otellini, who served Intel for over 40 years and shouldered responsibility as the company’s chief executive till mid-2013, which also marked his retirement, passed away in his sleep at the age of 66. Otellini became Intel’s fifth chief executive officer in 2005. Under his leadership, the company made important strategic, technological and financial gains, like transforming operations and cost structure for long-term growth; assuming a leadership position in the server market segment; and maintaining profitability during the global recession.
The banking industry has undergone a lot of changes in recent years, by leveraging technologies such as the cloud, data-driven insights and advanced analytical tools to improve back-office operations and customer service, recent research studies reveal that they still have miles to go as most banks and credit unions have not kept pace with consumer expectations around digital capabilities or digital engagement compared to what other industries are providing.
Human Resource or HR is one of the most complex functions in today’s world, with complexity stemming from the fact that every person has his or her individualistic way in reacting to situations and every solution is unique to an organization, team or individual. Cognitive technologies are advanced technologies with high levels of AI that are designed to self-learn like Humans. There are several ways that cognitive computing is affecting HR, from talent acquisition to talent engagement and HR operations.
To run a successful business means to have talented people collaborate to achieve a single goal. Companies today are investing in their internal communication systems, more so because today we don’t just have internal office teams, we have remote teams too. And making everybody work with each other effortlessly is a big task. That’s where collaboration tools such as Slack, Trello, Google Keep, Yammer, Basecamp, and likes are helping businesses increase productivity.
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