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What to Expect When Your Bank is Expecting its First Digital Twin.
Just like Tesla, NASA, Marks & Spencer, Mercedes F1 Team and Singapore Smart Cities, if your bank too wants to take advantage…
read moreWhy Banks Running Legacy Systems Need a Digital Twin, & NOW
Before we take you into the amazing world of digital twins, what they are and their immense potential for banks, here’s a taster of the pivotal role …
read moreThe surge in digital banking may not persist for all banks
The Coronavirus lockdown has strongly boosted digital adoption. But there is no room for complacency
read moreDon’t have a bank account? A lesson from Cambodia on mobile phones and financial inclusion
It is no surprise to me that Southeast Asians love their mobile phones…
read moreOil is old. DATA is the NEW Oxygen.
It is time to advance the narrative from calling data ‘the new oil’ to crowning it ‘the new oxygen’. Oxygen, just like data, represents an omnipresent, more basic and vital element of survival, than oil. You can’t live without oxygen. Oil, you can. Lack...
read moreData Virtualisation’s Coming Of Age
Data Virtualisation (DV) enterprise solutions have been around since the early 2000s, but are seeing a spectacular surge in interest. Such solutions were originally an attempt to solve the EII (Enterprise Information Integration) challenge, ie proprietary platforms that resolutely refused to talk to each other.
read moreBanks are more data, than technology, companies with banking licenses. Here’s why.
What makes a company valuable today? It’s ability to monetize the data it sees and holds about its customers, now and in the future. And how does it monetize data? By applying intelligence on it to create outcomes
read moreWhat Life Stages are Your Customers?
Insurers and Wealth Managers have long aspired to segment customers based on their life stage. Big Data can finally make this happen by Ai Meun Lim, Chief Product Officer, Percipient, and Dr Shidan Murphy, Senior Data Scientist, Angoss Software Corporation
read moreBanks, Declutter Your Data Architecture!
Banks do not need to be wedded to complexity, says Navin Suri, Percipient’s CEO Marie Kondō’s bestseller, The Life-Changing Magic of Tidying Up: The Japanese Art of Decluttering and Organizing, is sweeping the world. Her message that simplicity pays off...
read morePacking Real Punch Into Customer 360s
In marketing circles, the buzzphrase for the first quarter of 2017 was Customer Data Platform (CDP). Although coined in 2013, it was Gartner’s decision in July 2016 to introduce this as a new industry category within its digital marketing
read moreOpen Banking is Happening, Folks!
On February 2, 2017, the UK’s open banking ambitions took a step closer to reality when the Competition and Markets Authority (CMA) issued its final order for the implementation of open banking reforms. The final order sets down a strict one-year time frame for nine of the UK’s largest banks
read more2016 Revelations
As the year draws to a close, and we treat ourselves to some well-earned merry making, here is a look back at some 2016 big data events that prove big data isn’t all dull and serious. Google’s annual list of most googled terms are always revealing and this year’s is no different.
read moreWhen the BACK end isn’t running as smoothly as the FRONT
Many organisations’ impressive new digital apps are underpinned by slow and cumbersome backends. The dollar value of the digital transformation market is impressive indeed. IDC’s January 2016 report suggests that worldwide spending
read moreTo personalise or not: WhatsApp re-ignites the data sharing debate
WhatsApp announced last month that it will allow its parent company Facebook to sell its user data to advertisers. The news was met with widespread consternation. The timing too couldn’t be more unfortunate, coming just a fortnight after a landmark
read moreFour Myths About Real Time Analytics
Five years ago, businesses beyond the e-commerce world were only dipping their toes into real time analytics. Today, brick and mortar businesses have embraced real time analytics in a range of applications, including error detection, price adjustment, inventory tracking, customer experience
read moreHealthcare and Health Insurance: Big Data’s Sweet Spot
Nowhere is the utility of big data greater than in healthcare, and by inference, health insurance. Venture capitalists appear to have caught on to this, and in the first quarter of 2016, put USD 1.4 billion into the hands of healthcare IT companies. This was almost a third more
read moreCopy of a copy of a copy…
Already faced with crippling data storage bills, the last thing enterprises need is to waste money on storing multiple copies of the same data. In a ground-breaking study by Veritas Technologies published last month, it was found that on average, 41% of an enterprise’s data is “stale”, that is, has not been modified in the past three years
read moreHappy Birthday, Hadoop
Ten years on, are big data technologies finally taking root in Asia? Hadoop celebrated its 10th birthday last week. Back in 2006, Doug Cutting joined Yahoo, and brought with him the development work he was doing on the Google File System and MapReduce. The Yahoo team subsequently launched
read moreCustomer satisfaction enhancement programs for banks
Global marketing information services and rating company J.D. Power, known for its quality and satisfaction measurements, especially in the automotive sector in markets such as India, China, Australia and Southeast Asia, has formed a strategic alliance...
read moreBig Data 3.0: Delivering on the Promise
There is unusual consensus among economists that 2016 will be a more-of-the-same year of moderate growth, low inflation and emerging market risks. Against this unspectacular backdrop, how do corporations achieve spectacular outperformance? One...
read moreWhat airlines can teach banks about big data
In the topsy turvy world of big data, it has become apparent that some industries are unexpectedly lagging behind others in their data mining capabilities. For example, one would be justified to assume that financial companies, given their...
read moreHelping your customers help themselves
With websites now amassing data on their users, the time has come to play back this data in a meaningful way. Many digital column inches have been spent defining what makes for a superior online experience
read moreThe real-world is coming a-calling
Data derived from what customers do and feel, rather than what they say, has got a lot more interesting. Big Data scepticism appears to be alive and well in Asia. I have lost count of the number of times people say to me: “There is nothing that big
read moreConnecting The Dots
Welcome to Percipient Notes, a blog aimed at shining the spotlight on all aspects of data aggregation, architecture and analytics. Connected data is the true opportunity of our modern times. Until recently, data silos were a grudgingly...
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