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The importance of digital software in the financial industry

In the financial services sector, digital transformation was merely a term that has now become part of a productive business strategy. The influence of digital technologies , digital transformation and automation has resulted in opportunities for cost-effective operations, efficient strategies, meeting job deadlines, enhancing customer and employee engagement and standing out among the competitors. A …

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The importance of data silos in your organization

Data silos are a major decision-making blocker which ends up hampering your business development. It makes all the difference to know exactly what they are, how they affect the team, and how to solve them. his type of data leads to a serious lack of accountability, productivity, and trust within the organization. Data silos stop …

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Advantages of having data integration in your company

 Data integration is important in the fabrication world today.Getting manufacturing data from the factory shop floor to top executives was historically a slow operation, prone to human error and interpretation. In today’s word, real-time visibility is key to achieving operational excellence and is one of the greatest advantages of integrating manufacturing, logistics or warehousing companies. …

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Why is data quality the key to a successful digital transformation?

Data is one of the biggest parts of digital transformation, but many companies do not reach the correct priorities to update their enterprise plans. As a matter of fact, Harvard Business Review estimated that only 3 percent of organizations possess data that meets the basic quality standards and can be operated by new technologies they …

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Digital Transforming – Financial Operations

What are some of the financial problems a business can face? Most businesses are overwhelmed with costs, tight timelines, and scarce resources. Many businesses struggle with the increasing demands for finance function support while decreasing the function’s budget. Businesses are also overwhelmed with costs and tight timelines that hinders them from functioning to their highest …

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Why should the financial industry’s transfer digitally?

An online bank includes many benefits. Some examples are convenient workflow,  extremely efficient payments, and it also generates good amounts of growth. The finance industry is drastically changing for the better. People are increasingly enjoying the convenience of handling all of their finances in one place, setting up automatic transfers or making deposits, anytime and …

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Game Changing Technologies

Digital transformation increases workforce productivity and creates data driven decisions for the company. One of the key challenges is balancing the cost of digital transformation with getting the maximum ROI on your investments.The transition to increased cost saving from digital efficiency isn’t the easiest to do. This is the reason many companies have failed to …

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Why should the oil and gas industry’s get involved with cloud computing

Cloud computing basically enables businesses in the oil and gas industry to use an Internet-hosted remote storage network, or the cloud, to store, control, and process data. Recent advances in cloud computing technologies bring tremendous benefits to the energy sector from business analytics and analysis, making the data you have been collecting / storing for …

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The solution for oil and gas industry’s shrinkage

According to the University of Houston, Houston-based Diamond Offshore Drilling has already filed for Chapter 11 bankruptcy amid the coronavirus pandemic. Experts who watch the industry say more bankruptcies are on the way. Shell isn’t the only company making big changes to withstand the unprecedented oil-industry disruption caused by Covid-19. Also, the author Forbes mentions …

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