SigmaWay Blog

SigmaWay Blog tries to aggregate original and third party content for the site users. It caters to articles on Process Improvement, Lean Six Sigma, Analytics, Market Intelligence, Training ,IT Services and industries which SigmaWay caters to

Majority of Americans say the healthcare system isn't in a crisis

Through a study, Gallup (research organisation) found that two thirds of the Americans are satisfied with the current health care system. People who own insurance schemes are more satisfied with the current health care system compared to others who don’t have insurance schemes. According to Gallup, health care insurance status plays an important role in the life of an American. Researchers also found that most of the young and old people like the present health care system. The article by Laura Matthews, U.S political reporter for the International Business Times, speaks about the Americans’ reaction towards the current health care system.  

 

For more information please visit http://www.ibtimes.com/majority-americans-say-healthcare-system-isnt-crisis-1561795

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A"social strategy"- branding through social media!

Recently, Harvard Business Professor Mikołaj Jan Piskorski, spoke about marketing strategy implementation through social media during a conversation with marketing guru & author Mr. Steve Olenski.

Drawing on his analysis of proprietary data from social media sites, Piskorski argues that the secret behind every successful organization is that they allow people to fulfil social needs that either can’t be met offline or can be met only at a much higher cost. This insight provides logic about how companies can leverage social platforms to create a sustainable competitive advantage. Companies need to help people interact with each other, before they promote products to their friends. If all goes fine and right steps are followed, a company’s social media should benefit its customers as well as the firm. Piskorski calls this ‘a social strategy’.

To read more visit the following link:

http://www.forbes.com/sites/steveolenski/2014/03/17/social-media-and-branding-a-one-on-one-with-a-harvard-business-professor/

SigmaWay Consulting Services offer various solutions to help you align your social media efforts to your business goals, from brand awareness to targeting customer base to increase customer satisfaction. For more information, please visit http://www.gosigmaway.com/index.php?option=com_content&view=article&id=87&Itemid=555

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Application of graph search

Max De Marzi, software field engineer with Neo Technology, inspired by Facebook’s graph search, talks about how use of graph search adds value to the enterprise by making practical use of big data. He also indicated how this technology can be applied to solve business problems.

For more information follow

http://searchsoa.techtarget.com/news/2240215892/Facebook-inspires-enterprise-to-use-big-data-graph-searches?asrc=EM_NLN_27254566&utm_medium=EM&utm_source=NLN&utm_campaign=20140317_Facebook%20inspires%20enterprise%20to%20use%20graph%20searches_cdelacvivier&track=NL-1839&ad=892421

 

 

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5S Program: What is it?

In the Six Sigma domain, 5S Program is a valuable continuous process improvement in reducing waste. The process of 5S was started in Japan to engage process teams. The 5S consist of: Sort – Straighten – Scrub – Standardize – Sustain. For an effective 5S program, it is important that all the steps are carried sequentially. Also, it is important that the management must motivate its employees to carry the 5S Program on a regular basis and must review the processes from time to time.

 

To know more on how a 5S Program helps to add value to the organizations, follow the link http://www.isixsigma.com/tools-templates/5s/a-model-for-implementing-a-5s-program/?type=LINL .

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Analytics in monitoring call center agents

 

Laura Noonan, Marketing team lead at CallFinder, talks about how important  it is to monitor the call center agents for providing customer satisfaction. She also emphasized that the companies must also provide equal priority to employees, ensuring the satisfaction with their role. She also speaks about the different advantages of monitoring calls between the customers and agents.

For more information follow

http://www.callcentertimes.com/Home/tabid/37/ctl/NewsArticle/mid/395/CategoryID/1/NewsID/723/Default.aspx

 

 

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Technology: reshaping branch banking!

 

Today, technology is an integral part of any business looking for sustainable growth. Banking sector is no different. Handling branches is an important day-to-day operation and hence, banks need to deploy adequate resources for the same. From simplifying payments with person-to-person transfers to eliminating the need for passwords with voice recognition software, technology is revolutionizing how account holders manage their money. The result is that bank branches are looking less crowded.

To read more, visit:

 

http://www.nasdaq.com/article/4-ways-tech-will-change-your-bank-branch-cm329072

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payel
interesting!
Monday, 24 March 2014 07:57
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What’s Behind the Growing Trend of PEO industry!


 According to the National Association of Professional Employer Organizations (NAPEO), employment growth has increased by 9 percent higher than other small businesses.
The Florida Association of Professional Employer Organizations (FAPEO) identified the reasons behind the growth of PEO industry. These are controlling costs
, saving time and paperwork hassles, providing professional compliance ,reducing turnover and attracting better employees, providing claims management compensation, providing better benefits packages, providing professional human resource services , reducing accounting costs.

To read more, Visit: http://www.broadwayworld.com/bwwgeeks/article/More-Businesses-Rely-on-Professional-Employer-Organizations-to-Increase-ProfitsiPEO-Solutions-Identifies-Whats-Behind-the-Growing-Trend-20140214#.UyF1TT-SyZY  

 

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Analytics in election process

An article by Mr. George Shen, information strategist and consultant with Deloitte Consulting, explains how analytics has become an inseparable part of any election process nowadays.

For More Information please visit

http://www.analytics-magazine.org/january-february-2013/731-big-data-analytics-and-elections

 

 

 

 

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Analytics:- A driving force in HR industry

This whitepaper describes how HR Analytics is helping core HR business processes to make right business decisions.

For More Read Information : 

https://www.informationweek.com/whitepaper/Business-Intelligence/Analytics/hr-analytics-driving-return-on-human-capital-inv-wp1300214171928?articleID=182900009
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Frequent insurance alerts

FICO, a predictive analytics and decision management software company, has done a global survey which revealed that 55% of customers want insurance renewal reminder more frequently through mail and Smartphone.

For more information, please go through: http://online.wsj.com/article/PR-CO-20140312-906735.html

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killer advantage in software development through continuous delivery

When it comes to delivering software, today’s business climate has three prerequisites for success: speed, agility, and innovation. While multi-year, expensive and bloated software initiatives were once a reality for some companies, today’s expectations for new projects are measured in days, weeks, and months. Today, leaders understand that a faster, iterative approach can result in faster development that is also of a higher quality.

To read more, Visit:

 

http://venturebeat.com/2014/03/10/continuous-delivery/

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Advanced analytics: redefining banking!

Advanced analytics is an opportunity to redefine the banking sector. Some banks will seize that opportunity and will be able to explore the market & gain significant market share. Just like, some banks had initiated providing ATMs & internet services to customers, in order to truly create a differentiated position for themselves, enabling them to achieve competitive advantage over the rest.

Innovators are using big data and analytics to sharpen risk assessment and drive revenue. Banks who are implementing data analytics will be in an advantageous position for some period of time, while other banks playing catch up. So there’s an opportunity to make some smart, targeted investments. If you want to sustain your banking business in today’s volatile market, Think big, Think innovation! Think analytics!

To Read more, Visit......

http://www.mckinsey.com/insights/business_technology/how_advanced_analytics_are_redefining_banking

 

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A new approach in healthcare

Steven Rust, Ph.D., “the Battelle’s Inventor of the Year”, developed and demonstrated a very useful analytical tool which can predict risk associated with a patient in such a way that it can be prevented in an early stage.

 Please go through the link for more details:http://www.battelle.org/media/press-releases/rust-is-battelle-inventor-of-the-year

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Text Analytics in unstructured information

Stuart Rose, global insurance marketing manager at Cary, talks about how Insurance companies gather piles of text based data everyday about customers’ detail. It also addresses the different patterns used to explore unstructured information and analyze them. Text Analytics helps in understanding the details contained in the unstructured sources. The areas where text analytics can positively impact on insurer profitability are – Subrogation, Fraud Detection and Brand Reputation.

For more information please follow

 

http://www.insurancetech.com/business-intelligence/3-insurance-business-applications-for-te/240165269

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Analytics: facilitating insurance organisations

Insurance organisations face problems in storing information. With the increase of information, innovations are required to handle information to detect risk properly. With the help of analytics in distribution channel, market products have improved. It also helps in taking decisions and reduces customer retention.

For more information, please go through: http://www.youtube.com/watch?v=KN-KgCgZdTE

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Hybrid Approach: Detecting insurance frauds more effectively

The main threat of any insurance organisation is to detect fraud. To prevent fraud effectively, SAS has taken a Hybrid Approach, which enables detection of fraud 10times more effectively. The technologies in this Hybrid Approach are: Business rules, Anomaly Detection, Predictive Models and Social Network Analysis.

For more information, please go through: http://www.youtube.com/watch?v=HbJmJ_jK7gU

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Implementing predictive analytics in insurance

Susanne Sclafane, senior editor at Wells Media Group, talks about the extensive use of predictive analytics in insurance sector. The most prevailing uses of predictive modelling are rating, underwriting, marketing and forecasting. It also conveys some of the threats faced by the insurance industry.

 

For more information follow http://www.insurancejournal.com/news/national/2013/11/07/310601.htm

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Predictive Analytics in Auto Industry

A recent webinar by INDUSTRYWEEK explains the different uses of predictive analysis in auto industry and how it is changing the competitive atmosphere.

For More Information :  http://www.industryweek.com/webinar/predictive-analytics-transforming

 

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Private cloud is the preferred flavor in the BFSI segment

Cloud is a buzzword that has been taking circles in the IT world for the past few years. Today, every organization demands more software deployment and significant reduction in the response time. To achieve improvement in efficiency and to utilize the resources better, cloud is the sure shot answer.  Cloud infrastructure is also improving its efficiency, availability and security. People who were looking at cloud with suspicion, are now preparing themselves to adopt the technology in a large scale. Cloud is definitely here to stay. There are 3 types of cloud services in offer, namely public, private and hybrid. In the BFSI sector, as data security is one of the core issues, the tendency towards private cloud preference is obvious.

Johnson K Jose, Deputy General Manager, IT Department, Federal Bank, talks about the benefits of adopting cloud model & preference for private cloud in BFSI sector. To read about his views, visit the following link:

http://ibm.informationweek.in/interviews/item/245-private-cloud-is-the-preferred-flavor-in-the-bfsi-segment.html

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2014 #hrwins program

#hrwins program has been started by LAROCQUE; the leading Strategy and GoToMarket Consulting firm for HR related technology. The main purpose of #hrwins program is to encourage innovation in HR Technology products.


The result of 2014 #hrwins program was announced, where 15 HR Technology firms received the distinction of “HR Companies to Watch”. Some of them are ADP, BlackbookHR, Ceridian, HireVue, Jibe etc.

 

For more information, please go through: http://www.prweb.com/releases/2014/03/prweb11659203.htm

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Recent comment in this post
SOHAM SRIMANI
indeed interesting
Monday, 24 March 2014 11:11
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