As our world continues to change, the way we manage wealth and money is also changing. Many people today bank online, and use technology for payment and transfer of money through their smartphones. An estimated 33% of banking is going to be done on the internet. Here are some of the changes that are going to…
Can anything stop Amazon? The online retail giant is now stepping into the banking sector. Banking regulations or international borders don't seem to be enough to block it from doing so. The banking industry believes Amazon can be a real threat to traditional banking. With tons of money, millions of devoted customers and enough customer…
The chief executive at Hiscox Insurance in 2016 revealed that “cybercrime cost the global economy over $450 billion, over 2 billion personal records were stolen and in the US alone over 100 million Americans had their medical records stolen,". Ransomware, phishing, malware, and denial of service attacks are concerns for companies and individuals that need…
Though CRISPR technology was first used in the healthcare industry, it finds application in a number of other industries. Here are some of the industries that this technology could disrupt over the coming years. Cancer The treatment of cancer has been one of the first of its kind of research done using this technology. Genetically…
Fintech refers to financial technology and it has been designed to disrupt traditional financial services through new technologies which will help address customer needs through automation systems. New Fintech companies aren’t constrained by legacy processes and system. Fintech firms can develop solutions that compete with the more traditional methods of offering financial services. Here are…
A network of physical devices which includes everything around you embedded with chips or sensors and a connectivity that enables these things to connect, source and exchange data can be defined as the Internet of Things. At a higher level, an Internet of Things (IoT) platform comprises of support software, connecting hardware, access points, and…
WhatsApp has been innovating on new features of communication over chats ever since its inception. And these features continue to excite its users as the app itself. Besides its existing features that list emojis, camera features, animated GIFs and group chats, Whatsapp is up with a new way of expression- ‘WhatsApp stickers’. These stickers come…
The Telecommunications industry likes to do a lot of business and are looking for opportunities to generate more revenue with new services. The nature of business done by this industry demands the incorporating of Blockchain technology into their system. The telecom industry is going through a period of transition with many disruptive trends. The saturation…
Artificial intelligence (AI) is being used in many industries to automate processes, detect fraud, improve and personalize customer experience, and make predictive analysis. It is more than just a powerful business tool. Even life sciences are using artificial intelligence to improve and speed up clinical trials. Here are some ways AI can help. AI CAN…
Today, leading companies in every industry are using Big Data to improve their competitive advantage, capture a new market, and innovate faster. However, while there is a lot of big opportunities, there are also a lot of big challenges. It’s a herculean task to manage such complex datasets like a traditional database. Every step –…
