The trend of making services customer-oriented is a direct result of rising demands among customers for better services, and the best way for banks to achieve it is through the use of analytics. Technology is the most crucial aspect of the digital age, but so are the customers and their changing expectations on service providers. Improved customer services enhance business opportunities and increase brand value, due to which banks are prioritizing it.
Under the traditional approach, banks collected customer information to build databases that could be used to disburse services. Now, customer data has become easily accessible, and analytics solutions are empowering banks to leverage the data for improving customer services.
The use of analytics in the banking sector is not new. Several processes are already using data analytics solutions to hike the efficiency of operations across departments. However, the potential of analytics in improving customer service is incredibly high, making it an indispensable tool for banks. The following list throws light on the factors which make analytics important for CIOs in their quest to help banks improve customer service.
• Handling Vast Data Volumes Effectively
There are several constraints when it comes to handling analytics through traditional approaches. With the exponential rise in the amount of customer data available with banks, manual analytics is out of the question now. Advanced data analytics solutions are equipped...
In 2002, a British programmer and inventor, Nick Pelling coined the term gamification in which the advent gaming concepts are introduced in real life to achieve better user interface design amongst electronic transactions.
Up to the year 2011, the gamification is not popular until Gartner realized the advantages of gamification and introduced the concept into his Hype Cycle list.
Gartner, a leading IT research organization, has predicted that more than 50 percent of the organization will be replaced with gamification in the future and will be implemented in almost every part of the life cycle.
In recent years, design features captured through gamification has bought notable changes in the field of academia as well as industry. However, due to the dearth in comprehensive understanding and lack of resources has made gamification to fail.
Full article here: Gamification tied to Business Needs
Deep Learning for Computer Vision with Tensor Flow and Keras ☞ http://go.thegeeknews.net/de8afb0e56
#ai #DeepLearning
Here is an interesting article depicting Mind reading facts and its future implications
Sony Shifts US 100% Renewable Energy Goal Forward By A Decade https://ift.tt/2pX9qQb
Technology has advanced exponentially in the last decade. Apart from social media apps, better mobile phone cameras, quicker laptops, technology has resolved issues that could not be resolved a few years ago. One amongst these issues is access to high-quality, customized education for students.
Edtech apps have used Artificial Intelligence (AI), machine learning, big data, and linguistic communication process to revolutionise education over the last five years. All children are unique and have distinctive learning desires. On addressing these desires, the educational method can enable a positive development.
However, a tutor within the room cannot teach sixty categories in sixty alternative ways. With decent time, it will give qualitative feedback for a lot of complicated response formats like essays, long answers, and opinion articles, which can boost the overall learning curve.
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Ever wondered how groups of cells managed to build your tissues and organs while you were just an embryo?
Using state-of-the-art techniques he developed, UC Santa Barbara researcher Otger Campàs and his group have cracked this longstanding mystery, revealing the astonishing inner workings of how embryos are physically constructed. Not only does it bring a century-old hypothesis into the modern age, the study and its techniques provide the researchers a foundation to study other questions key to human health, such as how cancers form and spread or how to engineer organs.
“In a nutshell, we discovered a fundamental physical mechanism that cells use to mold embryonic tissues into their functional 3D shapes,” said Campàs, a professor of mechanical engineering in UCSB’s College of Engineering who holds the Duncan & Suzanne Mellichamp Chair in Systems Biology. His group investigates how living systems self organize to build the remarkable structures and shapes found in nature.
Keep reading
Artificial Intelligence - TensorFlow Machine Learning ☞ http://go.thegeeknews.net/013682e719
#ai #DeepLearning
“Irrespective of industry, location or client base, technological advancement is indiscriminate in the wave of the disruption it brings. These changes have become the new norm for businesses, and commercial real estate is no exception”. Reblog with caption 🙃
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Past research shows that there are now more than 4 billion internet users all over the world. More than 3.2 billion of these people are active social media users.
This may seem like a good thing for marketers. More users mean a bigger audience for your brand, right?
We hate to burst your bubble, but this may not necessarily be the case.
Content Shock, as coined by Mark Schaefer, is an existing phenomenon that is rooted on two things: the astounding and exponentially expanding volume of online content that we have today and the audience’s limited capacity to consume them.
Yes, innovative technology in our audience’s lifestyle have increased the market’s capacity to consume content. However, this rate has been consistently overpowered by the rate at which content producers launch material online. Let’s take a look at these figures as examples:
> Youtube: More than 500 hours of video are uploaded every minute (this is equal to 21 straight days of consumable videos launched every 60 seconds)
> Instagram: As of June 2018, there were 400 million daily Instagram stories users (this is more than the US population as of 2018)
> Facebook: 350 million photos uploaded on a daily basis
Just imagine how long it would take a person to view all this content in one sitting!
Content has turned into one of the most valuable tools for marketers. However, at present, content is already commoditized. And what happens when there is a surplus of content supply against the audience’s demand for it? As marketers, it will mean that we need to produce valuable content that stands out and makes audiences want to interact with us. We need to find strategically creative ways to boost organic consumption; and we need to explore tools that we can use to optimize results.
At the end of the day, the power to choose which content to consume is in our audience’s hands. Thus, we need to produce engaging materials that will make them want to invest their time and attention.
Vitamins by VCS is a series of vlogs/blogs that provide tips and hacks for growing a business and creating content for your brand. You can watch the full series by following us on Youtube (youtube.com/vitalstrats) or visiting our IG TV channel (instagram.com/vitalstrats).
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