Big changing market and customer demands, it has become

Big data
analytics: How Banking sector makes use of Big data analytics and where

A
huge volume of data is generated on a day to day basis in the banking industry
and to differentiate itself from the competition, they are adopting big data
analytics as a part of their strategy increasingly and hence we will be
exploring how banks have adopted analytics in their business.

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How Cloud
Computing Is transforming the Indian Banking Industry

 

The
Indian Banking sector is going through major transformations. It is moving
towards upgradation of system for technological advancements as Innovation and
implementation of technology has created awareness in this sector.

Undoubtedly
there are many factors involved in Cloud implementation, creating a hose of
advantages. Key benefits are:

Reduced
costs

There
are no additional investments required in management of resources required for
carrying data in banking sector as Cloud makes it easy to invest in required
resources through dedicated hardware and software, thus reducing the cost
attached.

Improved
flexibility

Cloud
provides the flexibility to survive and acts as a means to sustain in the
changing market. To create a room in changing market and customer demands, it
has become inevitable to shape technology usage accordingly.

Auto
scalability

Cloud
services enables the scaling of resources as per requirement on demand. According
to the requirements, the resources can be scaled up or down.

Improved
operational efficiency and Business agility

Cloud
enables centralized management of data. The complexities are reduced allied
with changes and increase in data. Being flexible, it helps in facilitating
with maximum scope for the future technological evolution in business.

 

Efficient
client service

With
increase in use of Cloud, it will ease the activities related to banking for
clients. Customized and efficient solutions can be provided with faster access.
Clients can leverage centralized approach with cloud that would disable the
loophole of technologies for banks and clients, transactions will be made
smoother and risk free.

Business
Continuity

Cloud
computing services will make it possible to gain higher securities in data
critical sector like BFSI, providing Disaster recovery solutions and complete
fault tolerant system. It will hence, facilitate the high level of redundancy
in lower prices than it is provided with traditional dedicated Disaster
Recovery services.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Additive Manufacturing

Additive
manufacturing, often called as 3D printing, is a manufacturing process that has
been developing steadily since 1984. It was founded by Charles Hull and the
process allows three-dimensional objects to be printed from digital data. 3D
printing is democratizing the whole manufacturing process and bringing a
fundamental change in what we can create and design.

Termed
as ‘the next industrial revolution’, Additive Manufacturing’s unique processes,
techniques, and technologies will open up new grounds for innovation. It offers
a range of logistical, economic, and technical advantages in the manufacturing
space. 3D printing is changing the way companies do business, presenting both
opportunities and challenges for every business, from manufacturers to shippers
to retailers.

Items
can be customized to any specifications because making changes won’t require
expensive re-tooling. Just tweak the CAD and “print out” a new prototype. Thanks
to this new technology, companies will become more nimble in meeting the
customization needs of their clients, and businesses that hold on to
traditional manufacturing methods are likely to be left in the dust.

Using
additive manufacturing tools and techniques, lower costs are predicted for many
areas, including research and development, testing and refinement, manufacture,
product updates, and even shipping costs.