Organizations in technology, media, and telecommunications are at the center of the digital economy. As per Mckinsey organizations in these industries create more economic profit than any other sector of the global economy. Yet, they are not immune to market volatility, global dislocations, inflation, increased interest rates, taxation, regulations, disruptions due to pandemics and other […]
Can computers think the same as humans? Computers may be able to anticipate lies more accurately than humans, forecast weather patterns, predict heart attacks before doctors or optimize inventory levels for businesses, but yet aren’t as intellectual as humans. While it will take many more years for machines to exactly replicate humans and human behavior, […]
The Energy and Utilities industry has long been known for its business stability, dependability, and predictability. However, in recent decades, organizations have been forced to transform the way energy is produced, delivered, and consumed across the value chain due to upheavals such as supply chain disruptions, changing customer expectations, and new regulatory frameworks. Organizations need […]
The consumer and retail industry is undergoing an exciting revolution powered by rapid digitization, further empowering the consumers. With the augment of digital technologies consumers are becoming more connected, tech-savvy, less loyal, channel-agnostic, demanding, and expecting personalized services as a given. The industry has also undergone a evolution of sorts reshaped by several factors – […]
Much has been stated about Industry 4.0 and its impact on the manufacturing and logistics industries. Without a doubt, it has accelerated the use of advanced tools and smart technology in manufacturing and logistics management organizations. It has increased productivity, lowered operating expenses, enhanced decision-making capabilities, increased operational efficiency, shortened production time, and provided a […]
During the last few years, there have been many watershed moments, from the pandemic and Ukrain wars to supply chain disruptions and the great recession. However, for the Banking, Financial Services, and Insurance industry, the pandemic was a pivotal point. It propelled financial leaders to abandon the traditional bottom-line metrics and develop strategies that could […]
We are in the midst of an experiential economy, where the customer has further cemented his place as the king. Pleasing the king is not an easy ask as he wants the best of experience for every product or service consumed. Customers today expect organizations to deliver more holistic, innovative, and hyper-personalized experiences. The emphasis […]
In the ever-evolving business landscape with constantly changing customer needs Banking, Finance, and Insurance sectors need to transform their operating models to withstand and remain competitive. Automation is the next-gen technology and the key to transform manual processes to automation. As per Gartner, banking and investment organizations, IT spending is forecast to grow to $761 […]
Supply chain disruptions caused by an unexpected surge in demand, material shortages, and stockouts more often than not catches organizations off guard. The residual impacts of pandemic-induced demand-supply imbalances taught the industry a valuable lesson: anticipating market demand based on historical data is no longer feasible. They must adopt more futuristic and realistic methods of […]
Advanced analytics has brought forth the next spurt of growth for the Oil and Gas (O&G) industry. According to a report by Mckinsey, advanced analytics has the potential to transform organizations, and fundamental operating models and can yield returns as high as 30-50 times of investment. The oil and Supply chain industry grapple through a […]