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The Transformative Power of AI in Business

Tom Spencer

More Efficient Operations AI enables businesses to automate repetitive and time-consuming tasks, freeing up human resources to focus on more complex and strategic activities. Robotic Process Automation (RPA) is becoming widely adopted to automate manual processes, reduce errors, and increase efficiency.

Data 147
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Blockchain Could Make the Insurance Industry Much More Transparent

Harvard Business

While Edward Lloyd is largely credited with commercializing the insurance industry, with the creation of his namesake firm, Lloyd’s, over 330 years ago, the original concept of spreading risk (or “mutualizing”) goes back even further. Herein, as with all insurance, is where the concept of utmost good faith is laid bare.

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Effective Manufacturing Operations Management in 2024

Epicflow

Read the article to learn more about this practice and its role in manufacturing, and explore recommendations that will drive MOM’s efficiency. Its main purpose is to produce better products more efficiently and at lower costs. This practice increases supply chain efficiency, makes it cost-effective and responsive to market changes.

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Wealth Management: Building and Protecting Fortunes

Tom Spencer

Wealth managers may also make recommendations about tax-efficient investment strategies and assist with estate planning to help clients pass on their wealth to future generations. This may include setting up insurance policies, creating a retirement plan, and other risk management strategies.

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Blockchain: New Use Cases for Governments and Business

Tom Spencer

Blockchain has already had a significant impact in the finance industry with the global cryptocurrency market cap now exceeding $1 trillion. Low transaction costs will also be necessary to ensure efficient operations and to ensure that blockchain systems offer a cost advantage over the status quo.

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Gen AI in Banking: Transformative Use Cases

Tom Spencer

This article delves into some of the most promising use cases of Gen AI in banking, examining how it is already reshaping the sector through advancements in customer service, data-driven decision-making, risk management, and operational efficiency. Operational Efficiency Gen AI will boost the productivity of operational staff.

Banking 78
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China Cash Crunch Eases, For How Long? Three Things China Needs to Avoid; When can Beijing Truly move to Market-Determined Interest Rates?

MishTalk

China''s Central Bank Discusses Deposit Insurance On December 9, Caixin Online noted PBOC Said to Be Talking to Major Banks about Deposit Insurance. Total credit in the economy (total social financing) showed a 40 per cent rise in November over the prior month and is on course for growth this year of almost 20 per cent.