In today’s world of connected devices, mobile, wearables and cloud computing, new opportunities for actionable data in financial services are omnipresent. The notion of the ‘Banking of Things’ brings together data and relationships to offer more personalized service at key customer milestones. The ability to capture and leverage customer data to effect actionable insights is critical to delivering better banking customer experiences.
Read MoreThe Internet of Things (IoT) is the network of physical objects or "things" embedded with electronics, software, sensors and connectivity to enable it to achieve greater value and service by exchanging data with the manufacturer, operator and/or other connected devices. Each thing is uniquely identifiable through its embedded computing system but is able to interoperate within the existing Internet infrastructure.
Read MoreThe IoT will also accelerate our ability to capture, analyze, synthesize, understand and share information like never before. It is imperative that advanced economies bring developing markets along for the ride as the pace of the IoT accelerates. The IoT wave of technology will impact us in ways that change the game.
Read MoreDigital transformation refers to the changes associated with the application of digital technology in all aspects of human society. Digital transformation may be thought as the third stage of embracing digital technologies: digital competence → digital literacy→ digital transformation.
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