For organizations that want to remain in the business, it is vital for them to stay tune with the changing technology updates taking place in the world of IT. Technology keeps advancing and what was once a technology that perfectly suited to meet the demands of the industry might become a thing of the past and can make entire industry go obsolete. When it comes to finance, it goes without saying that it is the foundation for any business and always at the center of everything a business will do. Despite of being at the forefront of business growth, financial …

Ask any insurance business; what’s toughest part of their operations, and you are most likely to hear, making sense out of data available with them. After all, data is everything in insurance industry and that is how they serve their customers. Insurance organizations have always been driven by data and analysis of the data that is at the heart of the entire operations.

IT based organizations looking to grow are making huge investments and expanding their in-house IT infrastructure. As it turns out, the cost involved in owning and maintaining the infrastructure (hardware and software) is prohibitive for any enterprise. Shrinking IT budgets continues to be a cause of concern for many organizations; as a result they are coming under increased pressure to cut down total cost of ownership in order to stay in the business.

Over the last few years has IT industry witnessed, cloud technology taking center stage. Cloud has been changing the way enterprises do business and creating value by simplifying IT and lowering costs. Cloud what was once seen as a way to reduce capital and operating expenses, is now seen as a way to achieve business agility and speed to market. In this age of fast changing markets and technologies, the readiness of an enterprise to adapt to rapidly changing tech landscape will eventually determine the rise or fall of an organization.

At the heart of every business decision making is data, no matter the nature or size of the organization. We are increasingly living in a data-driven and outcomes oriented environment. Business organizations see data more as a tool to distinguish themselves from market-with decisions based on facts, historical trends and statistical data.