We live in a world that is changing as we speak, right before our eyes. Technological advancements are moving at an unprecedented speed, and with it is increasing the adoption of technological innovations across industries. Today, we've come at a standpoint where we can access anything and everything online. The logistics industry presents a good case in point. Earlier, if…
Revenue leakages are the preventable financial losses borne by a company. Even if these usually go unnoticed, they have a negative impact in the long run. Globally, nearly 1-5% of earnings are lost due to unchecked revenue leakages. Poor planning, manual errors, varying price models are all potential loopholes for revenue leakage. As for the manufacturing sector, the reasons for…
As we spend a lot of time on our smartphones now, it makes sense to have apps that allow us to function productively in the virtual space. And one of the most important developments in this regard is insurance and finance apps. Claims, managing policies, customer and agent onboarding are some of the key features that make auto, home, and…
Across the world, enterprises are shifting to newer technology to improve efficiency and customer connect. Apps help teams align and democratize processes. It improves reach within the organization, facilitates data sharing, and increases flexibility without interrupting the workflow. As an international business hub, Singapore is also latching onto this global trend, moving from legacy to modernized app-based methods of operating.…
AI is now a fairly developed technology. It finds widespread use in multiple industries, like gaming, banking, commercial, retail, and government applications as well. The manufacturing industry has been slow to jump on the bandwagon, so to speak, only recently realizing the true value of Industrial Automation. AI-driven machines are now creating the future of our convenience - they offer…
The Middle East is on the cusp of digital disruption, and leading this game is none other than the UAE. It is the only Middle East nation to have consistently ranked among the top countries in the world in the digital competitiveness index - in 2018 the UAE jumped up a spot (from 18th rank to the 17th) ahead of…
The UAE has been at the forefront of digitization and smart revolution for quite some time now. It is, after all, one of the most advanced digital economies in the world, according to the latest edition of IMD World Digital Competitiveness Ranking 2018. In this report, the UAE moved up to rank 17 (one spot up from rank 18…
Real Estate sector is now being considered more of a sales-based industry that still lacks consumerism and professionalism. However, the trends are changing and the industry is facing a technological disruption that is going to change it for good. This is going to bring a paradigm shift and the industry is sure to witness certain changes. Here is a look…
Manufacturing plants involve complex processes that include raw materials, finished goods inventory and workforce management. Here, maintaining efficiency in the process is the only way to ensure better profit margins and effective management. Manufacturing businesses must be aware of all the possible aspects for better execution of processes before implementing any new system such as automation. Here is a list…
With the advent of Artificial Intelligence (AI), Machine Learning (ML), and the Internet of Things (IoT), the era of digital transformation has begun. Leveraging these technologies in solitude and in combination, businesses around the world are coming up with innovative business models and disruptive ways of customer satisfaction. Showing remarkable penchant for digitization, Asia has emerged as the leading hub…
The luxury car manufacturer, BMW in the year 2017 faced a production stoppage due to Bosche’s inability to supply steering gears. This issue which lasted for about a week caused the German manufacturer to lose €400-€500m, aside from impacting the production of further models. This example clearly shows how a small inefficiency in the supply chain can have an overall…
Today’s retailers are facing a constant challenge in competing with consumer price sensitivity and digital competitors. Providing a world-class experience to the in-store customers has become the only way to differentiate themselves from competitors and new digital entrants. Chatbots for retailers are increasing customer satisfaction levels as they are easy to interact with and become extremely helpful to increase sales and…
Already valued at $1.2 trillion by 2015, the tourism and hospitality industry is poised to grow even further as the years' pass. And like all industries, the digital transformation in hospitality industry has left an indelible mark across all forms of tourism. Gone are the days when one had to physically approach a travel agent and wait till he made the…
The Gulf region is spearheading an extensive digital revolution with a steadfast focus to transform itself into a tech-savvy territory that is in line with its world-class infrastructure growth. With the increasing demand for high-quality goods and services, Gulf companies are capitalizing more and more on digital opportunities for efficient solutions With high social media use and increased smartphone adoption…
With Moore’s law still flourishing, we have digital tech continuing to grow at a furious pace. What this means is that computational power continues to double every couple of years. What was revolutionary in 2016, becomes the norm in 2018 and archaic by 2020. So let’s unravel what digital trends 2018 promises us. Artificial Intelligence ‘Alexa, tell us what is…
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