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Business Agility and Resilience Drive Demand for Risk and Compliance Services Share Article COVID-19 has emphasized the need for regulatory compliance, internal compliance controls, and the use of security frameworks and tools. Meanwhile, the regulatory environment is increasingly complex, particularly for multinational companies, as they struggle to comply with sometimes conflicting regulations across regions. Risks have changed with a growing cloud environment and increasingly diverse IT serv...

AI emerges as the foundation of enterprise decision-making Share Article Over the past 12 months, the number of artificial intelligence (AI) and advanced analytics projects in production has increased by 54%. Much of this growth is due to AI-enabled digital workplace solutions and self-services capabilities, allowing for low-touch operations needed during the pandemic. New use cases have emerged in areas such as advertising, media, and marketing where consumers now expect personalized content a...

Consumers increasingly shifting to digital media content Share Article Digital content is growing exponentially as a result of the proliferation of smart devices and evolving customer preferences. With more than 3.8B people accessing digital content on a regular basis, media & entertainment companies are upgrading the quality and quantity of content to increase customer engagement. Moreover, the use of digital technologies such as cloud, artificial intelligence (AI), and analytics is playing a ...

Los Angeles, CA (PRWEB) March 08, 2021 -- The pandemic is accelerating distributed service architectures, which is driving changes to the security landscape.

Anupam Govil, a partner and the head of insurance practice with Avasant, congratulated the winners noting, "The pandemic has exacerbated vulnerabilities in traditional insurance business models. Customers expect more personalized solutions that align with their lifestyle and budget. Carriers need to leverage behavioral economics and collaborative ecosystems to compete in the post-COVID economy." Some of the findings from the full report include the following: Property and casualty (P&C) insura...

Redesigning Business Processes with Artificial Intelligence and Automation Share Article The number of intelligent automation engagements has increased by 75% in the last 12 months, with industry-specific process automation accounting for 70% growth in the share of new automation implementations. Growth in AI-enabled hyperautomation has increased use cases for prediction, recommendation, analytics, and reporting. Other areas in order of enterprise priority were workflow integration and automati...

Service Providers Helping More Firms Cash In On Digital Finance Transformation Share Article COVID-19 has revealed that many enterprises need to shift from in-house finance and accounting (F&A) process management to outsourcing it to F&A service providers. Technology is less and less being treated in a siloed manner, and instead it has now become an integral part of operations. As a result, F&A service providers are leveraging their existing technological capabilities and addressing enterprises...

Hybrid Cloud: Fundamental Centerpiece of Digital Transformation Share Article Cloud has progressed from the simple migration of infrastructure and applications to a tool which improves application performance and achieves cost optimization. Hybrid cloud, in particular, is an enabler of business transformation. Hybrid cloud allows enterprises, especially in highly regulated industries, to satisfy on-premises requirements and leverage hyperscaler services from their own data centers. These emergi...

Blockchain Moving Past the Hype and Starting to Show Business Value Share Article Over the past 12 months, blockchain has moved beyond the hype as companies have realized business value from select use cases. Even though overall blockchain adoption has slowed down, the number of production-grade implementations has doubled, showing that blockchain is gaining a new level of maturity. These trends are covered in Avasant’s Blockchain Services 2020 RadarView™ report. BLOCKCHAIN SERVICES 2020 RA...

Manufacturers Accelerating Digital Adoption Due to the Pandemic Share Article Historically, manufacturing has been highly dependent on the human workforce and conservative in adopting advanced digital technologies such as robots, immersive reality, and IoT. However, this changed during the pandemic, as manufacturers responded to workforce and supply chain disruption. Digital transformation is now an imperative not only during the pandemic but to remain competitive during the recovery. These eme...