For finance departments, liquidity planning is one of the main tasks essential for the company’s success. So far, huge Excel lists have been set up for this, and various scenarios have been calculated based on formulas. But companies want to know a lot more: In the automotive sector, predictive analytics plays a decisive role in…
Companies agree that artificial intelligence is the decisive key technology and will majorly impact business models and processes in the next few years. However, data availability, data quality, and a lack of data architecture often slow down AI projects. The quality and cost objectives can only be achieved with the right strategy, as a new…
Big data is one of the buzzwords of the hour. The amount of data that many companies have is .Anyone who comes into contact with “Big Data” in a business environment is sometimes confronted with it in the form of a marketing term. The meanings change depending on the context in which people use the…
There is no doubt that digitization is completely changing the entire economy. Logistics in particular – storing, picking, packing, and transporting goods – is experiencing a major change due to forced digitization and automation. The Internet of Things (IoT) is therefore of central importance in this area. After all, the digital networking of physical objects…
When we talk about augmented Reality, we are talking about a technology that allows, through particular digital tools, to interact with the external environment. Care must be taken not to confuse augmented Reality with Virtual Reality. Augmented Reality exploits elements already present in the environment and interacts with the surrounding environment to obtain a more…
With the COVID-19 pandemic, the term “new normal” has crept into our linguistic usage. This describes the new or changed ways of life that have arisen as a result of the pandemic. This applies to the private environment as well as to the world of work. The coronavirus and its effects have turned many of…
In the last few years, the digitization of the banking business has made significant progress. The corona pandemic has accelerated this again—technologies from the field of artificial intelligence, in particular, offer the institutes enormous opportunities. Delivering intuitive, secure, personalized, and smooth user experiences was an essential part of digital commerce long before the COVID-19 era….
Since last year, the storage and processing of the personal data of EU citizens in the USA are no longer possible. Many companies, therefore, increasingly have to question where these processes are currently taking place and whether they need to adapt their data residency strategy to legal requirements. This also applies to application security, as…
With the beginning of industrialization, automation also found its way into many companies. Routine business processes such as accounts payable or order management could be made more efficient with the help of automation tools. Even industry-specific functions – such as claims management for insurance companies or lending for banks – can now get by with…
A successful digitalization strategy of companies needs adequate cybersecurity. From this, it can be deduced that a cybersecurity strategy must be digital and must be based on the business model and digitization. And because the dynamics of digitization are high, the connection between these two subject areas is all the more critical. In its special…
