Driving business agility for global banking and fintech leaders

In today’s world, every single aspect of life is extremely competitive . O ne can hardly commit a mistake and if he does commit one, it is in his best interest that he rectifies it immediately. In such a competitive scenario, companies are trying their best to reach the top. Until and unless they incorporate digital media into their business model, this goal is unlikely to be achieved quickly . Let's take a look at the role digital media plays in boosting the revenue of a company. Digital firms help clients showcase their products Marketing includes targeting the right audience at a time that best suits them, so that they have an interest in the product. Having a product that is unique, innovative and capable of capturing the market is an extraordinary step towards becoming successful, but most brands struggle when it comes to marketing it to buyers and end up failing. Digital transformation consulting firms have professionals who are experts in the field and can help their clie...

Businesses in India have been growing rapidly over the past few decades. In order to run these businesses, one needs capital and smooth functioning of the inflow and outflow of cash, which helps facilitate the purchase and sale of goods. There used to be a time when the dealings between the customer and the retailers used to primarily be in the form of cash. With the growth of the banking system, these dealings have stopped being only in form of cash and have now moved to the digital platform. This has made life more convenient for people. Banking systems have also adapted with time in order to make the customer experience as stress-free as possible. There have been huge changes that have been integrated into the core banking architecture of financial institutions. These changes have facilitated the smooth running of operations, which is beneficial for the customers. The customers are now easily able to transfer funds at the click of a button or by tapping on their phone’s touch screen...

The last few decades have witnessed a phase of change in the commercial banks of the country. Digital methodologies have revolutionized the financial districts and have led to major changes in the banking sector. These advanced sectors intend on providing services through new digital mediums to ensure that the customers are satisfied. This forward-thinking mentality of the financial outlets was seen in the way that they enlarged their capability in the in-house sectors. The first phase of integration led digital technology to be distributed across every influential sector of the business. This embracing of technology brought about certain changes, regarding how the business would operate as well as the way in which it would deliver value to its customers. The impact of this can be seen in things like a reduction in cost, along with the process being streamlined. Moreover, the end-to-end integration has provided room for a more seamless experience, increasing the overall customer intera...

The current era is ruled by data. Power is not measured in terms of physical strength or mental prowess anymore. Any entity that has access to data is considered powerful in today’s world. In the business world, all major business decisions are dependent on the data that is available. Any discrepancy in the data or misinterpretation of the data might result in tremendous loss of business. It is to be noted that all business data which is being made available to the management, must have a few characteristics. First of all, the data should be correct and accurate. There should not be any kind of ambiguity in it. One should be able to mould the data into analytical programs with precision. Secondly, the data should be relevant. It has been observed that, at times, although the data is correct and accurate, it holds no relevance to the decisiveness of the management. In that case, it has got no use at all. Thirdly, the data should be comprehensive. Partial data only increases confusion an...

As the industrial sectors have grown in the modern age, its inclination towards digital technology has also increased. Every commercial outlet wishes to provide an engaging experience to their customers while bringing efficiency to their services. With a digital interface, they can achieve the best of both worlds. The seamless platform brings forward desired interaction with the customers while automating each and every aspect that used to require manual intervention. As a result, quality and efficiency are supervised on many different levels. It is hard to remain ahead of the competition without a digital backbone. One can only hope to gain an edge over the others by adopting new mechanisms of digital innovation. While the transformational journey of digitization has a lot of factors to consider, one should definitely choose to hire a supervising agency to provide guidance throughout the journey. A consulting firm offering guidance on Data Transformation can help integrate the modifi...

Quality is remarkably hard to explain and it is commonly stated as something which fits the purpose of its use. It is all about satisfying the needs and expectations of users on the grounds of functionality, form, authenticity, strength and price.   Assurance is nothing but a definite answer regarding the reliability of a product or service. It is the real face of a product or a service. A green signal given to the quality means that the product is good to use. It gives a guarantee that the product works without any difficulties and is capable of meeting the expectations of the user. Quality Engineering is commonly known as QA Testing and is described as an action to guarantee that a company is presenting its best product or service to the buyers. QA concentrates on developing the methods to deliver quality products to its consumer. An organization has to guarantee that processes are useful and valid as per the quality standards that have been defined. The process is best explain...

Data Transformation of a business organization is not only an elaborate activity but is also a complex one . There are many things that are required for effective Data Transformation of business organizations. First of all, there should be a comprehensive digital infrastructure that should encompass each and every function of the business in an integrated way. This means that any change or update in one function must reflect on other functions, in real time. No function of the business, however minor, should get left out from the architecture as the non-consideration of functional data might result in false results. Secondly, the changes in the data of one function should be accessible through an interface in real time. There should be no lag in the entry or the display of data otherwise, the whole exercise of Data Transformation might get challenged. The data should also be reported in such a manner that it can be used for analytics. All these things might not be taken care of by the ...

The most positive feature of any industry is its ability to adapt to change. It has been observed time and again that an industry that refuses to change the way that it conducts business will fade away with time. In this regard, the IT industry can be thought of as the most pro-change industry. The IT industry has revolutionized the way other industries conduct their business, which is why it is not averse to change in its own business. It has been observed that the IT industry loves experimenting with the methodologies it employs in running its projects. Several IT companies invest in resources to develop new project management methodologies and if any newly developed methodology is successful in delivering high scale projects, they start marketing them. Let us take the case of DevOps automation methodology as an example and evaluate its journey. Software testing is an indispensable part of any IT project and they usually assign a number of resources for elaborate testing. The good th...

Quality engineers are individuals who monitor, inspect, and test products. They know how to apply the soundest features of their field so that they can provide the desired results within an organization. QE includes high-quality development of products and schemes while allowing efficient testing at the same time. The notable difference between QE and QA During the life cycle of software development, an automation plan is designed from beforehand and then the developers, operations and QE teams come together to work on it. Quality assurance pledges top quality of the product but quality engineering encourages the improvement of the product and the processes. Quality engineers concentrate on the nature of the product right from the beginning. It includes the processes such as test driven development and behaviour driven development to define elements that are essential to the team of developers and testers. Quality assurance is a method of guaranteeing that the final product fits the d...

The current era is marked by remarkable technological advancements as the influence of technology has swept over business organizations all over the world. Today, even the small businesses are not hesitating in making themselves technologically sound. This is because almost everybody has realized that a business organization that will not incorporate digital technology, will lag behind its competition. Everyone knows that digital technology can completely change the way you conduct business. However, when you are embracing technology to streamline your business operations, you must find the best way to do it. In this regard, it is imperative that a business hires the best software development company for its business transformation. There are a number of criteria to judge a software development company. The most important is the methodology it uses for software development project management. A business the organization can definitely talk to its software service provider, regarding th...

Since we are living in a world where humans are more dependent on machines than humans it is not an unusual phenomenon to witness a hike in digital media. The reason behind this hike is the trust, support and effectiveness that digital mediums provide to people.   Things will remain like this for a while until mankind witnesses the next big change. While companies are working hard to minimize the chances of uncertainty, the margin of error has reduced by a significant amount. In such a situation, digital experts are helping clients thrive and do well in the market. Digital transforming firms help in marketing and branding the product Having the best product in the market and not getting enough sales is something that any business would want to avoid. Digital firms via Digital Transformation help start-ups, small brands and various other ventures market their product in a modern way, which is through the use of social media. They help bring in new customers Digital Transformat...

There are a number of factors that play a significant role in shaping the strategic, tactical and operational decisions of a business. First of all, comes the business acumen of the management. The objective of the management and the business must be in sync, so that decisions can be made for the good of the entire organization. Secondly, comes the quality of investment in the business. Many a times, the management is unable to make decisions because of lack of steady investment. However, there is another factor that can help in taking good decisions, even if the management is disinterested and the investment is not as expected. This factor mainly helps project level leaders to take small yet steady steps towards the betterment of the organization. This factor is data analytics. Data analytics refers to the analysis of historical data of all the activities of the organization over the years. It then correlates them with the results that the activities have yielded. This forms a trend w...

Digital transformation has a number of benefits for a business organization. However, there are certain challenges that come along with these benefits. One such challenge is effective data management. Most of the times, the digital transformation program takes care of the need for data management but it is never sufficient. Data management is a crucial aspect of business, however, it might render the exercise of digital transformation useless if it is not done correctly. It might also put the business at risk. There are two dimensions of data management in a digitally transformed businesses. First is the creation and maintenance of a secure repository for classified business data and second is the provision to analyse the data. So it is very important that a business organization invests in data management effectively so that all dimensions are covered. The good thing is that today there are a number of agencies that help business organizations set up a fool proof Data Transformation. ...

It has been a while since digital technology knocked on the doors of business firms. With the prime intention of bringing about rapid improvement in business procedures, digitization hopes to bring about an overall transformation to the former methodologies that were used. Initially, it was thought that this advanced technology would not be very impactful, but with its implementation and the changes that it has brought, the idea of adopting digital technology spread rapidly. The rise of digital technology The firms in the current times have started focusing on digital technology as they play a role in determining the success of a firm. Today’s world is extremely fast paced because of the expanding conglomerates and the widening competition in the market. In order to make a place in this world, one might have to get hold of the advanced tecniques so that they do not fall behind the competition. Digitization, with its rapid evolution, has had a revolutionary impact on business organizati...