Not too long ago, we covered the differences between digitization, digitalization and digital transformation.
Data engineering
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Technology
What We'll Cover: 1. Data encryption definition and applications. 2. Various pros and cons of using data encryption. 3. The value it can bring your business. The move to cloud services has exploded as people continue to work from home. However, with this rise, there’s been an equally big uptick in something not as nice or useful: cyber-attacks. The Cloud has allowed businesses to keep things running, but as people take laptops home and internal servers are moved online, cyber attackers aren’t slowing down. There have been 4,000 cyber attacks a day since March of last year.
News
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Technology
2020 has been a rollercoaster of a year. While the landscape of how we work has changed this year, there’s a lot of exciting developments that have also changed. With all of this rapid innovation, it’s important to come out of the gate swinging in 2021, and knowing the digitalization trends that are leading the pack can help set you up for success. We’ve curated a list of some of the things we think you should be keeping your eyes on.
Business Impact
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Business Innovation
Business innovation is bigger than technology.
Digital Transformation
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digitalization
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digitization
Digitization, digitalization, digital transformation. (Say that three times fast.) Alliteration aside, despite how often these terms are used interchangeably, they each have a distinct meaning — and an impact on your business. Below, we’ll define each and talk through how they all drive impact for your organization.
Many businesses deal with out-of-date systems, separated spreadsheets, and siloed data. Without strategic system integrations in place, these segmented technologies negatively impact your team’s decision-making ability and as a result, cost you money. In fact, according to IBM, surveyed organizations estimate that poor data quality is costing them an average of $15 million per year — with even greater long-term impacts such as reputation damage, missed opportunity, and loss of revenue. As a business leader, you’ve heard of the value integrated data can bring your organization. You may have considered merging systems before but need better examples of the ROI. System integrations take time — does the cost justify the outcome? The answer is a resounding ‘yes.’ Here are just a few examples of the benefits merging your systems brings to your business.
Air Force
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Technology
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UX
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carson
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decison logic
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guardian
Designing a great user experience is more than just updating your website or application's user interface — it encompasses everything your users interact with. In addition, every dollar invested in UX results in a return of $100 — generating an ROI of 9,900%. In a world where customer-centric companies are 60% more profitable, it pays (literally) to prioritize UX. Understanding why user experience is important will have a positive impact on your business — the same as it did for these four companies.
Application
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Aviture
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Scaling
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Technology
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UX
With a younger generation quickly entering the financial market alongside older generations, it is becoming more and more important that a financial institution can capture clients from both demographics. Systems need to be updated to remain appealing to current design standards, but they also cannot alienate any one client group either. As new technology is introduced across the industry, the bottom line keeps getting pushed. If your business cannot adapt, it can seriously damage a competitive edge.