Despite eCommerce exceeding $4.3trillion in 2020, and businesses dealing with new customers, they are five to seven times more likely to decline transactions from said customers, compared to returning ones. Forter’s Annual eCommerce Revenue Optimisation (AERO) report highlights the opportunity cost of falsely declining eCommerce transactions from new customers across industries.
Big data analytics can be directed to several use cases, like marketing, talent management, sales forecasting, or in this case, cybersecurity. Let’s dig into hows and whats of it. Cybersecurity has been a headache for enterprises almost since the beginning of the business internet, but in the last couple of years the pressure has ramped up a notch.
Staying competitive in today’s turbulent environment requires a solid digital transformation strategy. Consider these tips to bring increased urgency. In the last 18 months, entire industries were pushed to make decisions in days that would typically be debated and planned for months or even years. Customer-facing brands, in particular, were forced to cope with rapid, unpredictable changes in supply, demand, and logistics.
A blockchain is a digital ledger of transactions that are distributed across a network of connected computer systems. With cryptocurrency, a whole new language and technology have come into vogue. While some investors are interested in the returns, others are willing to dive deep and understand the technology on which it is operating.
It almost beggars belief that a supposedly secure QR code designed for online payment transactions could allow an intruder to invade personal bank accounts to steal money. If an everyday activity like making digital payments is vulnerable to such complex cyber frauds, one can only fathom the large-scale damage a cyber-criminal can cause. Trespassing into an enterprise’s private data lake is worth potentially millions and even billions of dollars.
Cybersecurity is one of the significant challenges in the contemporary world. Given the increasing level of digitalisation and virtual connectivity, cybersecurity and cyber threats have become inevitable issues confronting everyone who ventures into cyberspace. Cybercriminals are exploiting the opportunity to launch cyber-attacks on individuals, organisations, and vital public infrastructure.
STAMFORD, Conn. — A new report says robots with artificial intelligence (AI) are coming to help run cloud data centers. The report by Gartner predicts that half of cloud data centers will deploy advanced robots with (AI) and machine learning (ML) capabilities, resulting in 30% higher operating efficiency. The move will be caused by staff shortages in the data center market.
Personalization and automation remain the main directions for improving the quality of the user experience. They also help make the lives of millions of people safer, more convenient, and more comfortable. Artificial intelligence (AI) and the Internet of Things (IoT) have become the main tools in recent years. It is with their help that a symbiosis of functional automation and well-tuned personalization is created. How exactly technologies affect the development of a smart home, we will analyze in the article.
The Internet of Things (IoT) is a powerful boon to business. But it also represents a massive potential expansion of the cybersecurity attack surface. So far, IoT inclusion in many organizations has been poorly organized, haphazard and poorly planned. This needs to change. After all, IT security depends on IoT security.
We explain how cloud storage works and the measures put in place to ensure your files are kept safe and secure. These days it’s very convenient to store files in the cloud because you can access them from any of your devices – or even someone else’s. All you need is an internet connection and a web browser.
Fintech, a term representing financial solutions empowered by modern technology, is now a multi-billion-dollar industry. Almost every major bank, financial organization and investment firm has a fintech presence. For most financial companies it is the mobile apps that remain at the forefront of the fintech revolution they take part in.
Big data technology has been working in the background in a wide range of sectors for more than a decade. Practically all activities of our daily lives have some sort of a digital footprint, organisations both public and private, are finding ways to extract wealth out of this data gold mine.
Banks yet to embark on a digital transformation can no longer put off the inevitable. To remain competitive in the long term and prepare for a world of open, contextual and embedded finance, each strategic line of business must urgently accelerate its journey to open systems.
If you work in tech, law, business, finance or a related area, blockchain should be on your radar. It is changing and will change many services you use – both related to your professional life, as well as to your personal one.
Robotics Engineering is one of the most sought after and fast-growing disciplines in the world of today. As industry after industry is getting impacted by the use of robots, the demand for engineers who know how to design, build, operate and use robots is soaring.