Industry 4.0 is a theory by Klaus Schwab, a German engineer and economist, (Ref: https://www.weforum.org/about/the-fourth-industrial-revolution-by-klaus-schwab/) to bring to light the transformations arising from new technologies for automation and data exchange. The fourth industrial revolution is all about changing the way...
Generative AI is more than a tech buzzword and it's a game-changer that's creating magic across industries. From creating art to solving complex problems, Generative AI is opening up possibilities that we could once only dream of a few years...
Generative AI has revolutionized many aspects of customer service and it is reshaping the industry. The introduction of advanced AI-powered Chatbot is transforming how businesses interact with their customers, making the experience immediate and personalized. And today, customers want immediate...
In today's highly competitive business environment, the demand for efficiency and accuracy in warehousing operations has never been greater. This has created the era of smart warehousing where the integration of Internet of Things (IoT), technology and advanced analytics is...
In the logistics industry, warehousing means large storage spaces packed with goods. But it is important to know that smart warehousing is different from just the storing of data. Smart warehousing uses new technology to make the logistics sector more...
In today's business world, warehouses are playing a major role in supply chain. The alignment and automation of all the warehouse operations are important to meet the demands of customers. Leveraging data analytics improves these processes by enabling businesses to...
Data analytics, like in most industries, has also become a driving force in the pharmaceutical industry as well. Pharmaceutical companies are able to drive innovation, improve compliance and improve patient outcomes by leveraging large amounts of data. Innovation: Pharmaceutical companies...
Both Alteryx and Automation Anywhere offer OCR (Optical Character Recognition) capabilities, but they cater to slightly different audiences and use cases. Alteryx OCR works best when dealing with similar types of documentation or creating rule-based requirements. Data can be extracted...
According to a report on AI in Healthcare Market, the global AI in healthcare is estimated to grow from 20.9 billion dollars in 2024 to 148.4 billion dollars by 2026 with an increase of 48.1 percent. Reports show that nearly...
In the fast paced world of trading and investment, profit and loss is the result of how quickly one can make informed decisions. Investments are risky there is no guarantee of profit or protection against loss but with real time...
In today's financial landscape, by harnessing the power of data, financial institutions can manage overall fund situation by determining fund transfer pricing and right interest rates. This enables informed decisions that increase profitability and customer satisfaction. What is FTP? The...
Imagine a world where you had to do all the bank paperwork manually, visit the branch and wait in queue for minor banking task. Imagine reading through all the financial offerings to find the right one. All of these are...
The integration of data analytics in banking, financial services, and insurance (BFSI) opens up huge opportunities for innovation and growth. However, there is a major risk with these technological advancements and that is privacy, security, and transparency. As BFSI sectors...
Retailers are increasingly using the power of data analytics to gain insights into customer behaviour and refine their marketing strategies in accordance with it. Retailer analytics has proven valuable in enhancing shopping experience and maintaining a competitive edge. However, these...
In the retail industry, whether it’s online shopping or offline, customers expect a smooth and hassle-free shopping experience. With the increased use and access to the internet, e-commerce has gained more attention than ever today. Retailers are now facing the...
In today's retail industry, having data-driven pricing strategies has become the need of the hour for gaining competitive edge over the market. Therefore, framing data-driven pricing strategies are important to succeed. Here’s how retailers can stay ahead of the competition:...
Personalized marketing is increasing rapidly in the past few years. Customers are now seeing ads tailored specifically for them. Retailers are building a one-on-one personal bond with customers and gaining a competitive edge with customer loyalty. With data analytics, retailers...
With the growing importance on sustainability, it is obligatory for manufacturing companies to align their financial and environmental goals. Today’s digital transformation has unlocked many opportunities for manufacturing companies in using data analytics for sustainable practices. Data analytics in manufacturing...
To ace data analytics and business intelligence and to stay ahead of the curve, one must have a keen eye observation on emerging market trends and also be able to predict the future. This will give a better understanding about...
Tableau pulse is the latest innovation in data visualization and in the landscape of data analytics, tableau pulse is a tool that transforms raw data into actionable insights. Tableau pulse is the cutting-edge addition developed by Tableau, a leading innovator...