Cognizant Technology Solutions Corp will pay an extra 25% of base pay to some employees in India and the Philippines as a majority of its offshore workforce work from home amid the coronavirus pandemic, taking on extra work, Chief Executive Officer Brian Humphries said.
Many banks and other financial services institutions (FIs) are beginning to recognise the benefits of AI-driven solutions as a way to get ahead in the market and challenge the competition. Amongst many other benefits, the technology enables organisations to offer hyper-personalised customer experience, dramatically improve internal decision making, and drive operational efficiency. However, many businesses are struggling to move beyond the experimental phase and reach actual AI deployment. It is those organisations that are at risk of being left behind.
Having the ability to access additional information via augmented reality AR is becoming more commonplace as businesses realise the advantages this can deliver. Enhancing what people see via smartphones, tablets and – increasingly – head-mounted displays (HMDs), has the potential to transform many business processes.
This month, some of the world’s largest interdealer brokers, who negotiate OTC trades between the big banks, have seen record trading volumes as sudden changes in interest rates, coupled with the plummeting oil price, trigger a whirlwind of global price volatility.
The Internet of Things is now powering industries but we have only scratched the surface of what’s possible. The advent of 5G will enable enterprise companies to have unprecedented insight into the digitization of almost everything. As 5G rolls out nationally and offers more reliable connectivity, the manufacturing companies that forego increased digitization within their plants will be left behind financially. Especially with the rise of smart factories – digitally connected production facilities that improve processes through automation and self-optimization, traditional manufacturing operations will be at a disadvantage.