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Showing posts from March, 2022

Digital Transformation and the CX in the Financial Services Industry

A new white paper by Harvard Business Review Analytic Services outlines how financial services firms will need to continue building out and coordinating digital delivery channels to keep pace with consumers’ rising expectations. The pandemic presented the need for consumers to rely on technology, prompting many financial institutions to accelerate their digital transformation efforts. Hence, a new digital reality has emerged as the world takes the road to recovery after COVID-19. In the financial services industry, digital capabilities have become pivotal to meet and address the changing expectations and needs of consumers. Digital is here, and it’s here to stay. For financial services firms, the importance of digital adoption has never been evident, and so is the need to ensure optimal customer experience. As consumers acquaint themselves with what digital could do for them, their wants and expectations continue to rise—they expect frictionless digital experiences and state-of...

Why a Business Need to do a Cost and Benefit Analysis?

The primary goal of cost analysis is to determine the true (full) costs of each of the programs (services and/or products) under consideration. After that, you can use this information to: Identify and prioritize cost-cutting opportunities. + Step 1: Recognize the price of maintaining the status quo.... + Step two is to figure out how much something will cost. + Step 3: Make a list of the advantages. + Step 4: Give the costs and benefits a monetary value. + Step 5: Create a budget and revenue forecast timeline. + Comparing costs and benefits is the sixth step. How do you write a cost-benefit analysis for a business case? + Step 1: Define the Cost-Benefit Analysis' Scope and Purpose. + Step 2: Define the Basic Assumptions.... + The third step is to identify the qualitative advantages and disadvantages of a project or investment option. + Step 4) Create an investment, cost, and benefit forecast. Why is cost-benefit analysis needed? Using a cost benefit analysis, b...

Why to Choose the Full Stack Development for Modern Business

As of January 2022, the global internet penetration rate has raised to 62%, and that tells about the billions of people scattered across the world using internet for various business purposes, either as a buyer or a seller, creating foundation for the online business world. Both websites and mobile applications have become a stable and reliable channel for businesses in both B2B and B2C segment. Also, noteworthy is the fact that with over 3.5 billion smartphone users across the globe, we have entered the digital age, where online presence has become mandatory for your business. A number of programming languages, frameworks, libraries, and other techs are helping in creation of websites and apps, out of which, full stack development has gained the most traction in recent days. Understanding the Concept of Full Stack Development Full Stack refers to the combination of various cross-disciplinary technologies viz. programming languages, frameworks, libraries, databases, and more. ...

Developer Jobs and Programming Languages: What's Hot and What's Next

The role of the software developer is as central to an organization's success now as those right at the top. While they might not be involved in corporate decision making, developers are crucial to steering growth within the enterprise in a market in which software savviness is increasingly a marker of commercial success. Running technology in a business has become a business in itself. As commerce goes digital and consumers spend more time working, shopping and managing their lives from home, companies are spending billions of dollars to showcase their technology and maintain a lead on competitors. As a result, software creators find themselves in enormous demand. This ZDNet Special Feature series is both an examination of the role of developers and the work they do, as well as an exploration into the trends that are shaping the software industry, and with it, the direction of travel for businesses in the coming months and years. Our ambition is to cast a light on the value...

Parameters to Track the Effectiveness of Your Online Employee Training Program

Online training came to the forefront because of the pandemic. Every corporate company these days is making the best use of technology to offer online training to their employees. Although online training has been in the limelight for the past ten to fifteen years, it became more prominent since the pandemic outbreak because organizations had no other option. The shift from offline training to online training is not easy as the engagement is not so great, tracking parameters changes, and organizations don’t have a proper idea about the ROI in online training. However, thanks to tools like learning management systems, many companies have succeeded in transitioning from offline training to online training.  Unfortunately, there are still a lot of businesses that are still figuring out how they can successfully offer online training programs. Of all the issues, tracking the progress is one of the most pressing ones. Before we discuss the parameters through which you ca...

Random Musings on Non-Fungible Tokens (NFTs) in 2022

Whilst not intended as a comprehensive primer (happy to think about that if asked), I recently found myself participating in a Zoom call with a Mini-major film studio recently where the concept of NFTs appeared to have passed them by. After a short discussion it became clear that they couldn't really see how NFTs might disrupt the film sector so I though some random musings on NFTs might help! "This year we will continue to see NFTs grow and eventually become mainstream." Aleksander Larsen, Sky Mavis Introduction For good reason, "non-fungible token" (NFT) was Collins Dictionary's word of 2021. Actually, two really good reasons exist. The first is that NFTs are gaining momentum in a big way lately, and many are rushing to the dictionary to find out what exactly they are. The second reason is that NFTs could be about to change everything! NFTs are digital content pieces linked to a blockchain. Think dispersed digital databases like the one that ...