Perficient Digital Transformation

DECEMBER 22, 2023

Positive Aspects of AI in Financial Services As noted by the OCC, advances in computing capacity, increased data availability, and improvements in analytical techniques, have significantly expanded opportunities for banks to leverage AI for risk management and operational purposes.

Banking 52

Banking Risk Management Risk Management Cybersecurity 52

IBM Services

JANUARY 30, 2024

Finance: Optimized for high-speed transactions and can assist in providing robust security, harnessing AI for fraud detection and real-time risk management. Retail: Manage e-commerce platforms, customer data analytics and supply chain logistics, where data analysis often must occur at the edge.

E-Commerce 77

E-Commerce Analytics Manufacturing Flexibility 77

Everest Group

MARCH 17, 2023

Technology and business process services (BPS) providers can help MGSs reduce costs and increase their digitization and automation intensity. As insurance intermediaries that represent carriers, MGAs provide insurance products to retail agencies and insureds. Read on to learn more.

Insurance 52

Insurance Robotics Process Automation Risk Management Risk Management 52

Capgemini

NOVEMBER 30, 2022

As the line blurs between traditional financial services and retail experiences, companies know they must rapidly adapt. By procuring data from a variety of sources, they can enrich their own data and improve in areas like risk management. They also get a better view of the client and their preferences.”.

Service 52

Service Finance Risk Management Risk Management 52

IBM Business Partners

MAY 17, 2024

Disapproval of brands or retailers that use AI is as high as 38% among older generations, requiring businesses to work harder to gain their trust. Experience building strategies like these have been  used by online retailers for years. Generative AI’s impact on the social media landscape garners occasional bad press.

E-Commerce 64

E-Commerce Order Management Retail Automation 64

Magellan Solutions

MAY 19, 2023

Example #3: Retail businesses use business process management by simplifying their inventory operations. Business process management involves analyzing the workflow of companies. REDUCED COSTS Automating manual operations and removing repetitive tasks can help companies cut costs.

BPO 52

BPO Outsourcing Management Out-Tasking 52

Planergy Software

AUGUST 25, 2022

For example, a retailer selling women’s clothing may use domain transformation to launch a rental service, so customers have the option to purchase an item or simply rent it. Today, most retail businesses use some form of data collection when interacting with their customers.

Finance 52

Finance Robotics Process Automation Out-Tasking Banking 52