Digitalization | HCL Blogs
Type to SearchView Tags
Next-Gen Enterprise | Digitalization

Category blogs - Featured

Blog Category Listing

Pandemic Analytics
6

Mar 31, 2020

Pandemic Analytics: How Data and Analytics Can Help Us Combat COVID-19

David Sogn Global Data Science Lead, Digital & Analytics

With almost 750,000 people affected, including more than 35,000 deaths, the novel Coronavirus, or COVID-19, is wreaking havoc across the globe on an unprecedented scale. The novel Coronavirus is having a far-reaching impact as people across the...
Smart Factories
43
As next-generation technologies such as artificial intelligence (AI), internet of things (IoT), and analytics mature, innovations seeded by them will evolve and manifest in the form of Industry 5.0. Industry 5.0 will give rise to collaboration...
VMware TANZU
298
In this era of agility where “Time-to-Market” is one of the key factors for driving any kind of business growth, VMware has come out with a strategy to facilitate multi-cloud governance and management of applications across various environments....
Playing Digital
71
The impact of technology is being felt across organizations, and sports franchises are no different. However, the sporting industry is in a unique position to capitalize on. From tech-assisted refereeing to the application of data and analytics to...
Byzantine Fault Tolerance
164
Various consensus mechanisms or protocols in a distributed system or blockchain technology inherently deal with the Byzantine Generals Problem. There are many solutions that provide a partial answer to this issue, if not full. Consensus implies the...
Nimble and Efficient
180
‘Single-purpose’ software served as a much-needed breakthrough in enterprise software development. Such software manifested themselves on central systems wherein information was collated across business functions to enable actionable decision-...
Plateauing Compliance
81
Sub Prime crisis heralded a new era of sharp focus in the compliance domain. Financial institutions worldwide suffered losses of over $300 billion due to compliance-related fines and damages. Since then, compliance has become mainstream for...
Prerequisites
340
Welcome to my third blog post in the “How to Successfully Scale Agile and DevOps” series.
Digital Age
1,711
As organizations focus on transformation objectives and create a roadmap of initiatives focused on business objectives, it is critical that they plan transformation initiatives across other dimensions. For example, organizational agility enables...
What is Digital Infrastructure?
13,393

Apr 21, 2016

What is Digital Infrastructure?

Alan Flower Vice President & CTO - Europe

Corporate strategies are now based on digital transformation. Businesses are now focussing on customer engagement/UX, rapid innovation etc. A new class of digital infrastructure is evolving, one which better supports this digital transformation.
Exacto
439

Aug 21, 2019

HCL’s EXACTO Intelligent Automation Streamlines Bank Trade Processing

Andy Efstathiou Banking Sourcing Research Director, NelsonHall

HCL’s EXACTO Intelligent Automation Streamlines Bank Trade Processing
Digital Age
1,711
As organizations focus on transformation objectives and create a roadmap of initiatives focused on business objectives, it is critical that they plan transformation initiatives across other dimensions. For example, organizational agility enables...
Adaptive & Collaborative Workforce
400
Organizations across industries are at the pivot of transition, faced with the challenge to create technically knowledgeable, culturally diverse and agile workers. Companies that flourish in the digital economy do this by recruiting a lean and...
VMware TANZU
298
In this era of agility where “Time-to-Market” is one of the key factors for driving any kind of business growth, VMware has come out with a strategy to facilitate multi-cloud governance and management of applications across various environments....
Nimble and Efficient
180
‘Single-purpose’ software served as a much-needed breakthrough in enterprise software development. Such software manifested themselves on central systems wherein information was collated across business functions to enable actionable decision-...
Transformation
1,361
Client on boarding (COB) refers to all activities that are performed during the acquisition of new customers and plays an integral role in subsequent interactions during the complete customer lifecycle - ranging from all the mandatory KYC, AML, risk...
Experience Matters
1,401

Nov 20, 2017

Supporting the next-generation digital workplaces

Rakshit Ghura Vice President & Global Service Leader – Digital Workplace Services

Workplace analytics can shine a light on how the various components of the IT infrastructure impact a user’s experience, giving unprecedented insight into how healthy the workplace is in equipping a user to perform their job role.
Smart Factories
43
As next-generation technologies such as artificial intelligence (AI), internet of things (IoT), and analytics mature, innovations seeded by them will evolve and manifest in the form of Industry 5.0. Industry 5.0 will give rise to collaboration...

5 FinTech trends to watch in 2016
Santosh Kumar - Senior sales director & Head – Fintech Innovation | February 29, 2016
1755 Views

Financial Services are at the cusp of digital disruption. We might not be witnessing a 'revolution', but all the emerging trends and technologies are certainly proving that we are in the midst of an ‘evolution’.

Most of the large global banks are born pre-digital and are facing the challenge of legacy infrastructure, software, and culture. On the other hand, the new challenger banks are born-digital and carry no baggage of legacy. They are creating products and services that are relevant to the digital age customer’s needs.

Most of the large global banks are planning to either start their new digital banks or buy stakes in some of the challenger banks just as BBVA did recently by taking ~30% stakes in Atom bank. At the least, we will witness many pre-digital born banks investing in and embracing digital trends and technologies in 2016.

Here are 5 FinTech trends to watch out for in 2016:​

  • Blockchain - Distributed Ledger:

    Financial services organizations are racing to harness the power of the Bitcoin infrastructure to slash costs. The basic technology underpinning the Bitcoin virtual currency could be used by some of the world's biggest banks. These banks want to use the Blockchain method because it is hard to fool - making fraud difficult, speed up trading systems and make deals more transparent. Many banks such as UBS are already trying out Blockchain technology for different use cases.

    Blockchain is the software that both powers and regulates cryptocurrency Bitcoin. In its most basic form, it records ownership of Bitcoin — money — and transactions — one person paying another. The software uses a distributed ledger to police the network, which means a certain proportion of the vast network must sign-off on a transaction before it can be processed. This replaces the need for a ‘trusted middleman’ in a transaction.

    The project to test Blockchain-like technology is being led by financial technology firm R3 which has so far signed 30 banks. R3 has done a good job bringing all the rival banks together. We are witnessing a great interest across financial services on trying out this disruptive technology and will continue to see investment in 2016 to try out specific use cases that can give banks a competitive advantage.

  • Biometrics:

    2015 was the year that banks began to experiment seriously with biometrics: US financial provider USAA already offers three different biometric login options for its mobile customers (Touch ID, Facial recognition, and Voice recognition). Biometrics has been the ‘Next Big Thing’ in authentication for a long time now, but many things that have held it back have not gone away. There is often the need for costly additional equipment, and processes that require verification by a back office platform which makes it slow. Wells Fargo is testing voice recognition and eye scanning, joining an increasing number of banks and other financial services companies using biometrics technology to authenticate customers using their mobile applications. Nearly one-third of the largest US banks plan to make biometrics available to mobile banking customers by the end of this year.

  • Artificial Intelligence (AI):

    Robots have begun their invasion of banking. Robots and Artificial Intelligence (AI) in banking have the potential to reduce costs, expand skills, and improve the customer experience while working alongside or replacing humans. According to an article, Barclays believes that AI is the future of banking, and one bank in Tokyo is already staffed by a helpful robot. We have already seen rudimentary examples where users can talk to a computer system to make money transfers or access information. 

    Robo-advisors, or fully-automated online investment platforms, are also disrupting the financial advisory services. FinTech startups such as Betterment and Wealthfront have managed to pull early investors with their robo-advising platforms offering the perks of low fees and a reduced entry barrier when it comes to minimums. Many large banks including Deutsche Bank have launched their robo-advisor services. Automated financial advisors and planners that assist users in making financial decisions is a very strong use case. 

    We are certain to see an increased investment into AI in 2016 across financial services.

  • The API Economy:

    APIs are yet another vital trend driving disruption, and fueling FinTech startups and open banking data initiatives worldwide. Some of the new banks such as Fidor bank are already reaping the benefits of open APIs. With new rules such as European Payment Service Directive (PSD2) coming into existence, banks will have to implement APIs that can provide access to payment account information to third parties – including their competitor banks – following the customer’s explicit consent.

    Consumers now have the power to engage and perform transactions wherever they are, through a device of their choice. To engage customers across all digital media, banks need to be able to provide contextual and personalized product offerings and drive immediate conversion through embedded offerings. With the advent of APIs, banks can easily expose their product catalogs, payment wallets, and other services to digital customers.

    APIs are an important component in the digital architecture and banks are investing in building modern applications that can service their customer on a platform of their choice at any point in time. We will continue to see increased investment in 2016 on building APIs and helping banks serve their digital customers better.

  • Cloud Computing:

    Cloud has become one of the mainstream strategy topics for most large global banks. The debate is not if, but, how will they eventually embrace cloud – if not public cloud, then private cloud or hybrid cloud – and which version to select for which function.

    Banks will continue adopting Cloud services for their business applications, while carefully keeping sensitive data housed at private data centers. According to CIO.com, Deutsche Bank plans to have 80% of its systems based in the cloud by 2020. Today, cloud has matured and covers a panacea of Software-as-a-Service, Infrastructure-as-a-Service, Platform-as-a-Service, and more. It is certain that if not public, private, and hybrid clouds will play a vital role in the banks’ digital future.

    Join us at Netherland India Business Meet 2016 to hear Santosh kumar speak on ‘The changing face of Financial Services’


Giving the digital challengers a run for their money with two-speed it
Rahul Singh - President and Global Head - Financial Services | February 26, 2016
1253 Views

The financial services industry has experienced significant disruption over the past few years, as digital technology innovation has ushered in a new era of intense rivalry.

Digitalisation - Figurative & Quantifiable Dimensions
Arpan Chatterjee - Sales Director - Travel, Transportation and Logistics | December 16, 2015
256 Views

At the cost of repeating myself… ‘What exactly is Digitalisation?’ This certainly seems to be the talk of the town, but is this buzzword a new concept or once again, a fundamental and radical idea, but in a new package? Secondly, assuming for a moment that this is important for today’s business, how does Digitalisation impact the Travel, Transport, Logistics and Hospitality business?


Digitalization: Trends to look out for
Anurag Kumar - Category Manager, Strategic Marketing | September 15, 2015
816 Views

We can no longer deny the ‘digital presence’ in our lives. Right from cognitive machines being used to create personalized experiences with human beings to the astonishing proliferation of wearable devices, we have reached a stage where we feel more than comfortable in letting these digitalized manifestations dictate terms!


The Future of Retail Banking
John J. Norman - Senior Banking Principal - Financial Services North America | September 1, 2015
428 Views

With the emergence of new retail banking models and economics banks need to evaluate various strategic cost and revenue options that are centred on the consumer

What does a 21st Century Enterprise Look Like?
Anant Gupta - Former President & CEO | September 1, 2015
3372 Views

A friend of mine was very worried the other day. His son, based in Toronto, had just informed him that he was transferring his savings from one of Canada’s largest and most established banks to one that had virtually no physical presence. No typical neighborhood branch to walk into, no tellers to interact with over the counter. All transactions would be carried out over the Internet, mobile app or via telephone. He asked if he should stop his son from switching banks as such a “virtual” institution did not inspire his confidence.


Are you approaching Digitalization as a Sprint or a Marathon?
Anant Gupta - Former President & CEO | July 22, 2015
929 Views

What are the 4 keys to Approach Digitalization? Do you have to alter your business strategy for Digitalization. These are questions plaguing CEOs over the world.

The Digital Revolution - Why and How It Started?
Kalyan Chatrathi - ASD | February 16, 2015
338 Views

Digital


Patient Recruitment and Retention Strategy for Clinical Trials
Narender Dureja - Associate Vice President | February 4, 2015
262 Views

Considering the different phases in a clinical trial, there is a need for subjects to be enrolled according to the eligibility criteria defined in the study protocol. Holding the involvement of the right patients is a critical barrier for investigators and sponsors. During the conduct phase of clinical trials, sites usually spend most of their time working on patient recruitment, and yet, statistics show that despite this effort, reaching enrollment goals according to the timeline is frustratingly elusive in many studies.


Pandemic Analytics: How Data and Analytics Can Help Us Combat COVID-19
David Sogn - Global Data Science Lead, Digital & Analytics | March 31, 2020
6 Views

With almost 750,000 people affected, including more than 35,000 deaths, the novel Coronavirus, or COVID-19, is wreaking havoc across the globe on an unprecedented scale. The novel Coronavirus is having a far-reaching impact as people across the globe get plagued by panic and uncertainties. Data and analytics are crucial tools for various government and non-government organizations to combat the virus as well as the panic it is causing. Data and analytics hold the key to the discovery of the vaccine for COVID-19. Researchers and scientists are working day and night to find the antigen for the virus, and their pursuit is being driven by data and analytics. This blog focuses on how data and analytics are playing a critical role in steering the world to safety during this global health pandemic.