Electronic Data Interchange (EDI) is the seamless exchange of business documents between the organization and their stakeholders. In today’s fast-paced environment, many financial services operations revolve around EDI. A number of these processes reside in resource-intensive and legacy systems. These legacy and resource-intensive challenges are why banks and financial firms have been experiencing low efficiency and decreased productivity. Resulting in a decreased bottom line and dissatisfied customers. As financial businesses grow and evolve, their EDI requirements and need for resources increase. As these workloads increase, the case for adopting an automated approach to EDI becomes more compelling and required. Why …

Digital technology is fundamentally changing the way people communicate, how businesses operate and ultimately how value is delivered.   In the banking, financial services and insurance (BFSI) sectors, there are major technology advancements that are driving organizational change and competitiveness. Digital disruption has forced BFSI companies to reinvent themselves as agile, transformative, and tech-focused companies. This reinvention allows them to react quickly to evolving customer demands. Keeping up with digital transformation, disruptive technologies and customer expectations is a lot for BFSI organizations to face. It is no longer enough for organizations to think that they can operate in a” business as …

As an IT executive or decision maker, you have probably either made the decision to move your application workloads to the cloud or moving to the cloud is under consideration as part of your IT strategy. For many organizations, moving to the cloud is no longer optional, rather it is requirement to stay competitive. By subscribing to cloud services, businesses with limited resources, can dial up or dial down their software usage, storage, and data access. By using cloud services, businesses only pay for what is consumed without having to maintain or invest in costly infrastructure. While many organizations have …

Have you ever thought of a DevOps implementation strategy for your business? Do you anticipate hurdles? DevOps is a disruptive technology that has a sweeping impact on how businesses execute and handle software development projects. In terms of software development, it can be one of the most complicated and complex technologies. There are a few phases that comprise DevOps: continuous integration, continuous delivery, continuous testing and continuous deployment. Each step and phase is critical and organizations implementing DevOps cannot be successful without implementing all phases. Without the right expertise, many companies find it difficult to execute these phases correctly.  Specifically, …

Every company has a collection of data and that data is only valuable if it is in the format to make reliable, accurate and even predictable decisions. Business analytics is widely used today for business success. To put it simply, business analytics is collecting data and manipulating it to derive actionable insights leads to better business decisions. When big data is combined with business analytics, it produces a powerful tool used by organizations to drive results. This article describes how companies can benefit from both business analytics and big data. Big data, big possibilities and the big promise it holds …