Banks and fintechs are locked in competition. But as we examine the drivers, challenges and opportunities in the financial services industry, it’s increasingly evident that we should all be sitting on the same side of the table. Today, bank and fintech partnerships are leading the way to the future of financial services.
Big Data, a serious shift toward rapid experimentation, is the need of the day for most firms who are interested in reaping its potential benefits and constructing a wise and clear path to the changeover. Big Data has been the topic of discussion for a few years and is a method for businesses to acquire large amounts of data on their customers in order to deal with that data while respecting customer privacy and adhering to ethical guidelines.
We use energy in many different ways in our lives, be it for lighting up our houses, running electronic appliances or as fuel in our vehicles. There are mainly two types of energy: renewable energy and non-renewable energy. Non-renewable energy includes fossil fuels like natural gas, petroleum and coal. However, these energy sources come from nature itself; it is impossible to renew them quickly. This means that these resources will become entirely exhausted in the upcoming years.
On October 4, Facebook and its properties, Instagram and WhatsApp, were down for more than five hours due to configuration changes on routers in Facebook’s data centers. A five-hour outage is an eternity in our always-on digital economy, costing the company an estimated $65 million and 4.8% in stock valuation. The high-profile Facebook outage is emblematic of just how digitally intermediated our economy is becoming, and the incident renews C-level focus on preventing similar service failures.
The digital revolution forced every organization to reinvent itself, or at least rethink how it goes about doing business. Most large companies have invested substantial cash in what is generally labelled “digital transformation.” While those investments are projected to top $6.8 trillion by 2023, they’re often made without seeing clear benefits or ROI.
Life for an IT architect in retail would be so much easier if people would just spread their shopping out across the year. Since 1941 American Thanksgiving has been a holiday on the fourth Thursday of November and most American companies and schools take the following day as a holiday too with major retailers offering price reductions on this day to kick start the Christmas shopping season. Since 2005 it has been the busiest shopping day of the year.
The recent surge in internet usage and its corresponding increase in data has triggered a new awareness among business owners. One of the main questions from marketers is how their businesses can benefit from Big Data. As a business owner, you should know that Big Data is indeed one of the most incredible things to happen to the marketing industry. If used right, it can enhance your company’s ability to serve its consumers and increase revenue.
The past two years have been challenging on many fronts for people and businesses alike. As a global community, we have been unable to travel long distances due to various restrictions, but that doesn’t mean we stop reaching for the stars.
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.
