The banking industry has seen huge innovations in recent years with the use of technology. To satisfy the demands of the customers, banks are looking for new ways to interact with them and provide better customer satisfaction. Blockchain technology is changing the process of banking along with the concept of game theory to meet customer needs.
Baking as a Service (Baas) is an innovative concept that takes the customer experience to a new level. It has no any restrictions like traditional banking. In today’s era, customers are in need of anywhere anytime transactions, beyond the regular working hours of the banks.
There is a need for open collaboration since customers are looking for a more open network and shared technologies. Collaboration and consolidation is the key to BaaS. This flexibility of the BaaS model will enable banks to integrate blockchain solutions to solve the issues in the banking sector.
Keep Reading
Top five tips for managing mobility http://☀.co.cc/amMd21
Confidentially sharing their issues makes employees happy. In a few organizations, EAP is available for both employees and their families to help employees remain productive at work.
Through an EAP, the employees have access to trained and licensed counselors. The sessions carried out are completely confidential giving employees the peace of mind that their personal information is protected.
.
.
Keep Reading
The APAC Food and Beverage industry has become one of the most dynamic and fascinating space to keep an eye on, and the factors such as rising population, income levels, and ever-evolving tastes are giving rise to a plethora of new trends and product categories, in the region.
Going lean has been the goal of most companies in the last few years because lean has proven to be an effective model for most demanding industries like software development, manufacturing, construction, and many others.
In today's cut-throat competition where improved quality, shorter lead times, increased profit, reduced cost, enhanced productivity and better customer service are used to measure a company’s worth, lean is the methodology to follow. Lean manufacturing is simple to understand and quickly makes an impact when implemented properly.
1) Abolishing Waste
Lean principles revolve around the idea of detecting waste and minimizing them. It uses the acronym "DOWNTIME" which reveals the 8 types of waste Lean Manufactures target:
• Defects are arguably the most costly type of waste, especially if it reaches the customer. • Overproduction is making more products than ordered. It can cause raw material shortage and wastage of labor hours. • Waiting is when the line shutdown occurs while equipment repair or waiting for parts. • Not using people’s talents is when manufacturers fail to use their employee’s talents properly, holding back the innovation at the organization. • Transportation is what drives the manufacturing process, from material delivery to supply chain and specific production areas. • Inventory comprises of raw material, finished goods, sub-assembly, office supplies and Maintenance, Repair and Operations (MRO). Outdated inventory can take up valuable space. • Motion means reaching, bending, walking and lifting. Even sharing tools between workstations can waste a lot of time while retrieving it. • Excess processing is spending time on product features that don't affect the functionality.
2) Constant Improvement
Lean manufacturing is not a one-time job, nor is it ever finished. Thus, promoting a culture of continuous improvement instills Lean thinking throughout your organization. Constant Improvement can happen daily. Continuous improvement can also be attained through kaizen, a Japanese term translated... Read More
In a bid to tie application development and deployment environments based on kubernetes closer, Red Hat has launched the latest version of the OpenStack cloud computing platform called OpenStack 14.
Red Hat has now made it easier to automate the deployment of kubernetes distribution on both virtual machines and bare-metal servers running on Red Hat enterprise Linux (RHEL) as Red Hat OpenStack 14 is based on the rocky distribution of OpenStack.
Keep reading
I survived by telling myself ‘I’ll kill myself tomorrow but not today.’ I kept putting it off for days and days and days with the hope that the darkness will leave my body one of these days. and some days, it leaves and some days, it stays. I’m still surviving and that’s the sad truth and maybe I’ll kill myself tomorrow but not today.
Juansen Dizon, Magic Mantra (via juansendizon)
Many small and medium-sized organisations have been affected by it and have paid ransoms because they did not back up their data and did not have an option to recover it as well. Many times organisations have, or they are forced out of business.
The most affected industry is healthcare as hospitals have to pay ransom if they did not back up the patient data as they need to retrieve the data promptly to access records of patients who require immediate care.
Therefore to protect the organization from a ransomware attack, it is essential to follow the steps mentioned: https://goo.gl/JufCfG
Big data, Internet of Things (IoT) and blockchain are witnessing a radical growth in their functions and practices as technologies advance. Simultaneously, innovations in electronics and wireless communication technologies have contributed excessive benefits to these platforms.
These developments have resulted in various advancements in the number of suitable electronic devices in many industries as well as reduced costs in the manufacturing process of these devices.
The merging of big data, IoT, and blockchain into a single system provides effective and secure predictive analytics. On the other hand, this combination will provide more benefits in each of their functions and practices, by giving assistance and support to each other.
Read More: Maximum Business Efficiency by combining IoT, Big Data, and Blockchain
Your Daily dose of Latest Technology Updates, news, articles across various Industry Sectors
267 posts