What if, apart from the new organisation of production assets, the fourth industrial revolution also implies a significant evolution in the knowledge management intrinsic to each domain? What if new digital technologies allow the operational actors to simply access this knowledge, mostly derived from empirical methods, thanks to analytical methods and
Can government organisations really have it all? While day-to-day spending on functions including health, education and defence will rise in 2019 by 1.8%, 3.8% and 1% respectively, many other departments will experience sustained budget reductions into next year. These departments are battling to improve service quality, operational efficiency and
Business intelligence (BI) has been around for a long time in one form or another. It is, however, both becoming more important and changing as organisations see the benefits of data-driven decision making. Looking back and forwards In the early days of business intelligence, systems were expensive, complex and often
The annual Hanover Fair brands itself as the world’s leading manufacturing industry fair. Where better to take the pulse of the industry? So I spent my time gathering views from sector experts about the future of artificial intelligence (AI) and the Internet of Things (IoT) in manufacturing. There is a
There is a lot of excitement about artificial intelligence (AI), and also a lot of fear. Let’s set aside the potential for robots to take over the world for the moment and focus on more realistic fears. There is a growing acceptance that AI will change how we work. There
Banks increasingly face challenges that put pressure on the bottom line. In this post, I’ll focus on the threats that affect the risk departments of banks. In my view, there are three critical areas. The 3 core challenges 1. Regulatory and accounting demands The first is increased regulatory and accounting
Analytics can help today’s leaders transform banking for the digital age without compromising on efficiency It’s no secret that challenger banks and fintech companies are changing the banking industry as we know it. The main issue for today’s banking leaders is not that customers are switching to new high-street providers,
The financial services industry is under continued pressure to create more convenient ways of paying for goods and services. This trend goes beyond common hype. It’s a cultural shift from long-standing payment methods traditionally defined by industry heavyweights to embracing market demands and delivering customer-centricity. With digitisation, new market entrants
If a bank gets in touch with a software company and wants to know how it could use artificial intelligence (AI), that means two things. First, the bank is willing to consider AI, and second, that it really does not know much about the subject. Banks want AI, and they
Anti-money laundering has been an issue for banks and financial institutions for some time. Transaction monitoring systems have been around for many years. Meeting and complying with regulations at the regional or national level, however, remains a challenge. Many financial institutions are almost playing catch-up with regulators, as anti-money laundering
