What are OLTP and OLAP? They both are databases that get designed to serve different purposes - OLTP denotes Online Transaction Processing and OLAP denotes Online Analysis Processing. What’s common for OLTP and OLAP is that they both are used for data warehousing, and a significant difference in the OLTP vs OLAP comparison is [...]
RPA has been gaining significant acceptance across multiple verticals and many organizations have RPA already as part of their technology landscape. While traditional systems would have the actual task coded for with the end user triggering those tasks through a graphical user interface, RPA performs what a user would do in many of such [...]
As organizations seek to maximize value from their valuable asset, employees, SAP SuccessFactors gives organizations the power to keep employees at the core of business success. And SAP SuccessFactors offers the advantage of raising a cloud-based HR platform at lower costs and accelerating time to value. While organizations want to leverage SAP SuccessFactors to [...]
As Business Intelligence is now a reckoned force accelerating business success, gaining control over data explosions, adopting the right BI strategy, putting the right infrastructure in place and using robust BI tools are focal points that have grown in significance. There’s also the on-premise BI vs Cloud BI brainstorming to leverage cost-effective, performance fuelling [...]
‘Know your customers inside out’ is a paradigm emblematic of customer-centric & customer-focused business operations today. As a significant component offering valuable customer insights, machine learning powered customer journey empowers organizations to address pain points, uncover opportunities and create enriching customer experiences. But no two customer journeys are look-alikes today. Reaping insights from customer [...]
Anomaly detection is a technique now being leveraged to spot abnormal behavior in datasets – it is about identifying rare observations that stand out from normal observations. Anomaly detection in credit card transactions, spotting anomalous behavior to thwart cyber-attacks, detecting faults with regards to mechanical components, identifying fraudulent healthcare claims are some areas magnifying [...]
Customer Segmentation in banking is now more about gaining nuanced insights by using different viewpoints to understand the customer. And as personalization and enriched customer experience have turned into a banking requisite, banking customer segmentation looks beyond the standard demography and geography with the scope now stretching across attitudes, behaviors, lifestyle, interests and preferences. [...]
There’s a bridge between knowing what customers want in advance and accomplishing it – customer behavior analytics. Behavioral insights equip the line of action intended to create personalized customer experience. Customer behavior analytics offers the sought customer wisdom – what customers bought, when, how they bought, how often they buy, what channel they use [...]
Every now and then, there is a fraudulent activity masquerading as the original – no exception to the business world. And if fraud detection is about dealing with smokes and mirrors with barely any room for errors, then Machine learning and AI have grown into reckoned technology forces giving enterprises the hope of clearing [...]
There is a constant retail hunt to seek new ways to transform customer experience. With Artificial Intelligence in Retail, Augmented Reality and Machine Learning proving transformational in terms of promoting enriching customer experience, the promise of using AI in retail and most-modern technologies to ensure an ‘intelligent retail’ leads to enriching customer experiences is not [...]
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