Today innovative technologies like artificial intelligence, machine learning, are buzzing everywhere. However, many among us do not understand these concepts fully and that is why we bring to you a comparison between all the contemporary technologies.
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Cloud computing involves the delivery of services like networking, storage, servers, and software analytics over the internet. It offers computing solutions within cloud-based frameworks and helps enterprises to have flexible resources and quick innovation.
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Companies and Enterprises are adapting ways to improve business operations. As more & more businesses are making a transition into cloud-based infrastructure, the migration from legacy to the cloud has become a massive trend.
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Businesses are constantly trying to improve processes and facilitate better profits with the help of tech developments. One such recent trend is cloud migration.
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Financial Industry is growing exponentially across the globe. Technological developments in the Banking sector have led to faster and more credible services. Banks are constantly trying to find ways to improve their customer service operations. Markets today are competitive and the only way to successfully churn more business is to enhance the end-user experience. However, the challenge lies in increasing efficiency while keeping costs low.
The use of Robotic process automation (RPA) is rapidly growing across the globe. South-East Asia has become the hub of RPA software companies. Businesses across the region are using this technology to kick-start advancements, streamline their operations, and make themselves ready for a tech-heavy future. Robotic Process Automation will reduce time-consuming repetitive manual tasks hence making scope for workers to be more productive. A study by McKinsey stated that an estimated 50% of work activities performed in South-East Asia could be automated by the implementation of RPA. Robotic Process Automation can potentially reduce costs, increase productivity, and increase job satisfaction.
There is a lot of buzz around Artificial Intelligence today. Since the last two years we have seen a rise in the number of platforms, tools, and applications based on artificial intelligence. The development of such technologies had massive impacts on the software & internet industries. In the coming year, we will witness many more advancements in the field of machine learning and AI. Techies are hopeful that 2021 will lay the foundation of many more marvels in the field of AI.
Businesses today are undergoing rapid digital transformations. This has led to the rise in the adoption of technologies that can replace manual effort. Tasks that took longer to perform earlier are now being done in minutes with the help of automation.