Tag IoT

AI Inference, IBN & AIOps: Managing SmartCity & Financial Institutions’ Network & IT Operations Complexity

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As financial institutions deepen omni-channel reach, they have to accept their growing reliance on telecommunications to facilitate seamless service. It’s no fluke that so many legacy financial institutions are investing in state-of-the-art IT infrastructure. Responsive, agile or ‘cognitively intelligent’ network and IT operations aren’t just buzzwords. Financial institutions are conducting serious assessment of their IT department’s functional capability, operating costs, down time due to system outage and it’s impact on customer retention, impact of speed of processing transaction on customer experience, ability to mitigate

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Digital Payments, Citizen FinTech, Government Entities Make SmartCities Possible

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It is well understood that payments are a critical facilitator for practical realization of smart city and general IoT vision. Digital payments can improve payments ecosystem across public sector departments overseeing electricity consumption, water usage, sewer cleaning, trash collection and recycling, toll & transit, parking, tourists attractions, healthcare, municipalities, prisons, etc. All of which are important public service units necessary for cities to become self-sufficient.

It has also been established in 2020, that digital payment ecosystem got a major boost due to the pandemic. According to Statista, total transaction value in the digital payments segment is projected to reach US $4,934,741 million by the end of 2020 and total transaction value is expected to show an annual growth rate (CAGR 2020-2024) of 13.4% resulting in a projected total amount of US $8,170,406 million by 2024. Further, contactless payments, a type of digital payment is very well positioned to bridge Internet of Things (IoT), and hence smart cities to Financial Services.

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Small Businesses, Small Banks, Right Technology: Extraordinary Potential in Unordinary Times

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Small Banks

Wheels of most economies, even as advanced as the United States, are greased by thriving micro and small business segment. In fact, health of an economy is often gauged by the number of successful small businesses and not by conglomerates or venture capital funded unicorns.

Different countries have different definitions for small businesses, some of which aren’t realistic,

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