Entech in the News
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In recent years, with the emergence of newer technologies ranging from the cloud to machine learning, IT modernization has evolved from a replacement of end-of-life infrastructure to an enabler of innovation and business value.
Digital transformation projects are returning as organisations realise that improvements in productivity and customer engagement are now even more important – providing that the work can be done remotely and there’s still cash to pay for it.
Today, the relatively low cost of RAM and the availability of open-source software are enabling companies of all sizes to take advantage of the performance and scalability benefits of in-memory computing for their digital transformations.
E-commerce companies are becoming cloud computing giants with thriving side businesses in brick-and-mortar retail. Firms that used to run on handshake deals with a small number of B2B buyers are opening up orders to a global market.
If new user experience and product design trends in 2019 are anything to go by, this is the year of machines and human coexistence—thanks mainly to rapid technological advancements.
Most financial institutions are already using different technologies to reduce costs and increase efficiency. The real payoff, however, may be in the revenue growth benefits, and the ways automation can improve the customer experience.
A common response to emerging technology is for bankers to test it. Yet the problem with testing technology is that it is just a test, a false implementation. A test is not designed for reality and it can lead to false results.
With paper receipts and invoices still a key part of any business, accounts receivable and accounts payable is one area that hasn’t been lavished with digital innovation attention.
Share Bank of America has Erica, Capital One has Eno, Bank of Montreal has Bolt. Safe to say that most major banks are at least exploring the possibility of a virtual assistant, if they don’t already have one.