Remove Efficiency Remove Finance Remove System
article thumbnail

When Banks Meet Bots: The AI Transformation of Finance

Tom Spencer

The adoption of AI is revolutionizing banking products, enabling financial institutions to offer personalized service, increase efficiency, and enhance security. AI refers to computer systems that can perform tasks that normally require human intelligence, such as recognizing patterns, learning from experience, and making decisions.

Banking 78
article thumbnail

Technology Ain’t Going to Solve Your Problems

Markovitz Consulting

Yes, the system is pricey, but think of the productivity improvement! Another client of mine invested in a fancy ERP system to help them manage the complexities of their supply chain, and better match supply with demand. If you have a broken process and you add technology, all you get is a faster (and more expensive) broken process.

Software 178
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Transformative Power of AI in Business

Tom Spencer

AI-powered recommendation systems are another way businesses are leveraging AI-based technology to enhance the customer experience. These systems can suggest relevant products that customers are likely to enjoy. Supply chain management is another area where AI is revolutionizing operations.

Data 147
article thumbnail

Upgrade your Legacy System without Disrupting your Project-based Organization

Progressus

Project-based organizations that are still utilizing legacy systems today have a host of potential system failure, compliance, and integration concerns. According to the United States Government Accountability Office , ten of the government’s legacy systems cost approximately $337 million annually to operate and maintain.

System 52
article thumbnail

Top 15 Capacity Planning Tools for Your Business [2024]

Epicflow

Reporting and analytics A robust capacity planning tool should generate reports and dashboards with insights into resource availability and capacity, allocation, and utilization, which will help managers track resource performance and assess the efficiency of project work. Why do you need capacity planning software?

Tools 98
article thumbnail

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. The technology adds value by enabling trustless systems that don’t rely on third party intermediaries. Blockchain looks set to be deployed in many other industries.

article thumbnail

Drones Help New Industries Take Flight

Tom Spencer

This post explores three areas where drones are currently being used, the data they generate, and how they are being used to increase efficiency and maximise profits. For example, drones mounted with cameras can be used to collect detailed real-time information about crop quality, irrigation systems, and livestock. Image: Vogel.

Industry 104