Millions of Americans are “unbanked” or “underbanked,” meaning they have no bank account or cannot access their bank’s full range of financial services to build credit and plan for the future. Before the pandemic, the Federal Reserve estimated 22% of adults, or around 60 million people, fell into this category. The pandemic has undoubtedly increased these numbers.
November 2021 is a good month if you’re a Fortune 500 or Global 2000 enterprise. The investments your organization has made in “integration” over the years were necessary as the organization and the IT infrastructure grew, but the Integration Infrastructure (i2) has likely been considered a necessary evil by senior management. That investment can now be leveraged in two important, new ways.
The increasingly frictionless consumer banking experience didn’t happen by accident; it arose from foundational technology and culture shifts within banks toward a more digital mindset. Companies across all industries are faced with the urgent need to transform the way they do business, including financial services, but changes abound with governance, security, and culture.
With the increasing adoption of artificial intelligence (AI) applications at the workplace, the debate about the future of work, workers, and the workplace has intensified. The polarised nature of debate ranges from job losses versus new-technology job creation through performance efficiency versus performance effectiveness to liberating humans from drudgery versus being controlled by machines. While several other polarities are evident in this debate, the truth always lies somewhere in between.
Cloud computing is the on demand delivery of IT solutions. Instead of investing capital in buying, owning, and maintaining physical servers and data centers, cloud computing enable the organizations to access the services such as, computing, storages, and databases, whenever required from the desired cloud providers. Now, let us move ahead and have a look at some of the key benefits of cloud computing.
The cloud has changed the world of IT — including IT services. In particular, it has enabled companies to dramatically decrease the amount of infrastructure they manage on-premises — reducing their need to use outside IT services to help them purchase, set up and maintain this infrastructure.
“We need to be an AI-enabled company.” Replace the “AI” with any technology from history and this comment becomes a common refrain across businesses lured by the promises of new technology and fueled by FOMO (a fear of missing out). As enterprise strategists and former CXOs who have lived through many “technology is the solution, now what was the problem?” conversations, we talk extensively about this issue.
Researchers and thought leaders shared 3 predictions for enterprise CIOs and IT leaders that are particularly relevant and important to consider as we move into 2022.
