article thumbnail

Security AI and automation are key in protecting against costly data breaches for retailers and consumer goods businesses

IBM Services

But there’s good news: by modernizing their cybersecurity strategy with automation and AI technologies , businesses can help reduce costs and minimize time to identify and contain breaches.

Retail 88
article thumbnail

AI and Automation: The Future of Data Processing and BPO

Offshore India Data Entry

The data processing and business process outsourcing (BPO) landscapes have been fundamentally altered in recent years by emerging technologies like artificial intelligence and automation. This article will explore the key areas where AI and automation are providing immense value in data processing and business process outsourcing.

BPO 64
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to keep your operations costs low 

Redial

Sometimes, because of a lack of time or resources, executives cannot detect cost leaks or priorities. For example, they can automate repetitive tasks using technology, which can reduce labor costs. Cybersecurity is also one of the main topics when it comes to doing business. But both are reliable options.

article thumbnail

IT Outsourcing Trends 2024 What to Expect in the Future

Groove Technology

The use of managed services not only helps businesses reduce costs but also provides them with access to specialized expertise and resources that may not be available in-house. With the ability to automate repetitive tasks and make data-driven decisions, AI has the potential to transform the way IT services are delivered.

article thumbnail

The Top 10 Outsourcing Trends for 2023: Stay Ahead of the Curve

Magellan Solutions

Moreover, it reduces costs and streamlines operations. 4) Robotic Process Automation (RPA) RPA emerges as a crucial trend for 2023. It involves utilizing software robots to automate repetitive tasks and processes. RPA is essential for maximizing efficiency and minimizing costs when used in outsourcing.

article thumbnail

Rallying troops against cybercrime with QRadar SIEM

IBM Services

Cybersecurity is everyone’s business—as it should be, given the staggering surge in cyberattacks. IBM’s 2023 Cost of a Data Breach report reveals that the average cost of a data breach in India has increased to an all-time high of INR 179 million in 2023, which is approximately a 28% increase since 2020.

article thumbnail

History of BPO: Past, Present and The Future

Offshore India Data Entry

This diversification has enabled companies to streamline operations, reduce costs, and improve efficiency. This growth is driven by the increasing demand for outsourcing business processes, as companies seek to improve efficiency, reduce costs, and enhance customer experience. billion by 2028, growing at a CAGR of 10.5%

BPO 52