SigmaWay Blog

Over the past decades, risk management has been transformed in the banking sector after the emergence of global financial crisis. Still we can’t draw a blue print about the risk function. Since customers' experience has become more and more important, banks need to offer real time response to customers and their problems. Similarly, after evolution in technology, it has become important to look upon new risk management techniques. By 2025, manual interventions will be minimizing, hence, there is need to digitalize core processes. Also, more automation and digitalization leads more experimentation with machine learning and advanced analytics.

Better risk reporting requires to adjust with market development and broaden regulations. Different regulatory ratios require to collaborate with balance sheet optimization. With this, high performance data is the urge for high risk performing function. Build a right mix of talent and embed a right culture. To read more, click on the following link: http://www.mckinsey.com/business-functions/risk/our-insights/the-future-of-bank-risk-management

Manufacturing industries have been taking advantage of cloud and cloud based applications a lot lately to improve their operations. The focus is on ERP or enterprise resource planning tools that can help them. ERP increases efficiencies and reduce costs. In addition to this, here are some other ways by which manufacturing can grow using ERP:

·         Gain Control of Your Inventory

·         Access Real-Time Information

·         Multilocation Management

·         Access to Big Data

Read the complete article here: http://it.toolbox.com/blogs/inside-erp/4-ways-cloud-erp-enables-manufacturing-growth-73260

Well, in today's time, nobody is untouched with the concept of online shopping. People rarely go out to shop, leaving the comfort of their home. Online shopping does save time and harassment. Sounds like a boon to mankind right? But unfortunately everything is not as perfect as it sounds. Online shopping has its dark side too. It's full of scams. So a careful approach can lead you to a safe and happy shopping experience online. Always use a credit card instead of a debit card, because credit cards have limits to which you can spend but debit cards don't. Only buy from secure and trusted websites. To check whether a website is secure or not checking your address bar, a green colored padlock appears if the website is secure. Change your passwords regularly. Keep records of your spending. To know more, read the complete article here: http://it.toolbox.com/blogs/marketing-strategies/4-useful-tips-for-protecting-yourself-when-shopping-online-73325

Microsoft and Facebook are teaming up to build the undersea cable “Marea” that will link Viriginia Beach to Bilbao, a stretch of 6600 km, with an estimated data capacity of 20TB/s. “Marea” will be cloud-driven to ensure reliable connections for Microsoft cloud services and high speed. Its completion is expected to be by October 2017. Read more at: http://www.extremetech.com/internet/229287-microsoft-facebook-team-up-to-construct-worlds-fastest-transatlantic-cable

The unnamed “Android N”, which is expected to be available this summer, is still in the development process, but we have got a clearer idea about its features, such as multi-window mode, fast app switching, an improved overview, better notifications, improved quick settings, improved system settings, a customizable share menu, data-saving support. Besides these modifications, better performance, battery-life, etc. are also being worked upon. Read more at: http://www.computerworld.com/article/3075367/android/hands-on-whats-new-and-noteworthy-with-android-n.html

NASA is finally socializing themselves by providing an extensive access to their database. NASA dedicated a whole department to develop space technology for earth-borne purposes, and some of their projects were proven useful on Earth. Their 3D imaging and mapping system can be helpful to research on change in earth surface. From island forming due to volcanic eruption to finding the Zika virus carrier mosquitoes' tress, NASA's open source activity could play an important part. So one has to pay a little amount to access their database and get a handful of data from their server.

To read, follow: http://www.natureworldnews.com/articles/21765/20160508/nasa-technology-databases-now-available-to-public-domain.htm

Security is the biggest fear when it comes to storing data in any cloud based software. Security threats are always there in any online transactions. But, these threats always hold us back from new opportunities. It is found that implementing cloud-based software not only save time and money for businesses, but it also helps staff in order to develop new products and services and work towards business growth as cloud software is encrypted and password protected to ensure data security. It also provides a backup for important files and data that could become lost or corrupted should any damage to devices occur and cloud file storage can also be implemented in order to share and store documents within a business.

Read more at: http://www.business2community.com/cloud-computing/safe-sound-cloud-01547415#xwseISmoIe431UFw.97

Cybercrime appears as more antithetical these days. Major infrastructure and all necessary services are the main target of hacktivists. Cyber-attacks are a strong alarm for all sophisticated and well digitized essential services. Experts say that other hackers could leverage some of the same tools and tactics used in the attack to target control systems for other critical infrastructure targets. The most alarming part is this potential cyber threat increased by 20% in only one year. Basically the systems connected to the internet are old and not well protected by firewalls. Hence such attacks are obvious.

To read, follow: http://www.businessinsider.com/the-new-front-in-cybersecurity-how-to-prevent-hackers-from-taking-down-critical-infrastructure-2016-4?IR=T

The way of taking a decision to buy a product has been changed. Now customers prefer and trust visual content that comes from real people over other forms of advertisements. It's an easy job for the company to 'like,' 'comment,' and share the photos customers post about their brand on social media. Juliet Carnoy (marketing manager at Pixlee) writes in her article about three user-generated content pitfalls they need to stay away from. These are: 1. don't forget to permit content, 2. don't feature only a subset of your customers, and 3. don't close off conversations. There are numerous benefits for incorporating user-generated content. Any brand can easily achieve great results by avoiding above mentioned mistakes. Read more at:http://www.socialmediatoday.com/marketing/3-user-generated-content-marketing-mistakes-avoid

Voice over Internet Protocol or VoIP is becoming the most popular communications solution for business very fast. Reduction of cost, improvement of service, and give employees some tools are required to run a modern fast paced business. There are many business benefits to switching to a VoIP system. It doesn't matter what kind of sector or business one is in, VoIP will reap benefits for all because of these reasons:

·         One Network, Lower Costs

·         Enhance Collaboration and Productivity

·         Anywhere, Anytime, Anyhow

·         Compete With the Big Guys Improve Customer Satisfaction

·         Scale with Ease

Read the complete article here: http://it.toolbox.com/blogs/voip-news/how-voip-can-streamline-and-centralize-business-communications-73301

Online tools have successfully created a serious and important place for themselves in the organization. Every company must understand their importance in order to generate better outputs. To do so, one must understand all the little points and features of the tool to utilize them to optimum levels. Here are some ways you could use to improve your online help tool:

·         Establish a knowledge base in the cloud

·         Teamwork 

·         Track company progress

·         Create a rating system

·         Integration is important

·         Creating impeccable FAQ pages

·         Educating your employees

Read the complete article here: http://it.toolbox.com/blogs/itmanagement/7-innovative-approaches-to-improve-your-online-help-tool-73300

Translation Management Systems or TMS for short is the series of process and programs that helps a team write content and translate them very efficiently and cheaply. They have many benefits over the manual process of translating text. These softwares have more accuracy, less error rates. They save time and cost. They remove duplicity very easily. They improve the collaboration if the work done. They help in localization and provide centralization of the articles. Read the complete article here: http://it.toolbox.com/blogs/understanding-crm/5-reasons-translation-management-system-is-vital-73290

Passwords are important, even though we give weak passwords in many cases. But, there are risks if we try to eliminate passwords by using biometrics or one-time passwords. According to author Tom Olzak (independent security researcher and an IT professional), it is better to use available tools to manage passwords and find a middle ground between passwords and other factors of authentication. In general, we rely on users to establish their own passwords and force them to create strong passwords. It is found that biometrics like finger, voice, and facial recognition tend to have their own challenges.

Read more at: http://it.toolbox.com/blogs/adventuresinsecurity/practical-authentication-management-73187

Rapid development in robotics may lead automation in contact centers all over the world. Humans are still considered as the most critical part of good customer experience, but according to experts recent development in robotics will soon become enough smart to answer any type of analytical queries. But such automation process may not prove so effective in case of buying behavior of customers because that demands more grasp in communication skill and knowledge in language. A customer may prefer the ease, comfort and simplicity of technology which cannot be delivered by the robot, although they can be designed with millions of information and complicated critical reasoning skill. So there is a scope of continuous development by learning from mistakes and thus automated answering system can be efficient, fast and accurate to minimize customer complaints.

To read, follow: : http://www.forbes.com/sites/blakemorgan/2016/02/16/the-economist-predicts-robots-will-replace-contact-centers/#79b8d3f56834

According to Gartner's latest report on global smartphone sales of Q1 2016, the sales of the major North American companies have taken quite a hit. Apple and Samsung held on to the top two spots with 14.8% and 23.2% of the market respectively. While Huawei and Oppo were the big winners this past year, Lenovo fell off the map entirely. The ambitious projects of Microsoft and BlackBerry, though, have simply not worked, with them holding 0.7% and 0.2% of the market, and it looks extremely unlikely for them to compete with the Android market and neither company seem particularly keen to try developing their own brands with the collapsing market shares. Read more at: http://www.extremetech.com/electronics/229092-latest-smartphone-sales-data-is-grim-news-for-windows-phone

Although a vast amount of data available on the internet, we can't simply use that data because they are using different APIs, different languages, different point of access. The Open Data Protocol (OData) solves this problem. It helps the users to make a critical decision as it gives real time data from different systems. It can become the standard protocol of choice for mobile and cloud apps in the increasingly agile enterprise, as it allows users to analyze data in real-time from any number of sources. Read more at: http://www.cmswire.com/web-cms/why-odata-may-be-a-marketers-best-friend/

Amidst numerous technological advances communication gap due to language problem is a huge barrier. A technology called Pilot may be the solution to it. It's a Universal Translator cum Speech Recognition on-the-go. Being a portable device, this means you need to have 24X7 always-on data connection. How will this affect your smartphone is a big question. This is going to burn your smart phone battery so fast that even a giant Galaxy-S series battery will need to be charged every 45 minutes. This device can be one of the best answers for those who deals with foreign people through Skype, thus breaking down all cultural barriers yet letting you talk to dreamy French girls! Read more at: http://www.extremetech.com/extreme/228831-new-in-ear-device-could-be-the-beginning-of-a-world-without-language-barriers

Lifeline of today’s living culture is communication. But the way we connect with people is changing with the enhancement of technologies. Its business needs that has been driving this change and has revolutionized the communication industry. Voice over Internet Protocol (VoIP) companies is setting this trend. Some of the hottest trends in VoIP for business right now are - VoIP Not Required; Easier Ways to Connect; Faster and Cheaper; VoIP and Then Some; Going to the Cloud. Read the complete article here: http://it.toolbox.com/blogs/voip-news/5-of-the-hottest-trends-in-voip-for-business-73294

Everybody is familiar with digital marketing. But this field requires the updates with latest trends and technology to stay in the game. Here are some trends in Digital Marketing to help you out-

1.       Social Ads: Ads provided at social media platform

2.       Facebook Messenger for business: Facebook messenger can also work like email marketing campaigns and sometimes even more efficiently.

3.       Podcasts

4.       Native Advertising: this helps in getting rid of ad blocking technology

5.       Personalized PPC

6.       Search

7.       Mobile

8.       Apps

9.       Content

10.   Popups

Read the complete article here: http://it.toolbox.com/blogs/tech-advances-business/top-10-trends-in-digital-marketing-to-promote-your-business-online-73273

Internet of Things or IoT has revolutionized the technology sector. It is the buzzword which everybody is talking about. The idea of connecting every device together sounds exciting. And this trend is obviously on the rise with more and more devices connecting to the internet daily. But one factor which no one is really emphasizing on is the security of IoT devices. So here are some habits which might help achieve the same:

1.       Get a Vulnerability Report from the Vendor

2.       Make Security Patches Part of the SLA

3.       Know Where Your Data Goes

4.       Choose IoT with Remote Firmware Upgrades

5.       Always Use Role-Based Network Access

6.       Encrypt IoT Traffic during Transit

7.       Change Default Passwords

8.       Stay Vigilant Through Constant Monitoring

Read the complete article here: http://it.toolbox.com/blogs/itmanagement/eight-habits-for-better-iot-security-73286