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Top Emerging Technologies development Company

Digital transformation solutions necessitate a fundamental shift in how a software solutions company employs technology, processes, and people. It has the potential to significantly improve corporate performance while also enhancing consumer value and income for businesses.

It should be based on the gradual transformation concept. It entails maximizing the return on existing technology investments and recognizing and promptly addressing innovation gaps when they arise. This also entails implementing a succession of small-scale digital transformation efforts rather than enabling or organizing large-scale changes that may take months or even years to implement. To that aim, businesses must use sophisticated digital solutions like IoT/Artificial Intelligence services right out of the box. Consider next-generation automation and analytics solutions that are heavily influenced by AI and machine learning.

In the digital age of huge data and cloud computing, product development cycles occur in one-week or two-week sprints. As a result, instead of a near-perfect digital platform that may take years to deploy, a minimum viable product catering to popular demands like 5G infrastructure development and IoT product development are gaining traction.

Agile development in telecom IT Solutions as well as gaming technology solutions has accelerated and enhanced owing to the latest digital transformation solutions. Software or systems are delivered with increasing regularity, coupled with updates or changes based on client requests and needs. Furthermore, its rapid installation allows for significant gains as customers consider their particular use case. Considering the fact that product usage is the best way for product testing, technology is put to use so as to gain valuable insights from consumers regarding what improvements can be built on it.

Any organization which aims to get transitioned to a successful software solution progressively demands a blueprint or road map of its entire digital transformation journey. It may be vital to implement certain procedural changes in the organization to achieve the desired outcome.

It is critical to completely comprehend and appreciate technological characteristics. It aids in determining which technological solutions are most suited for certain departments and businesses, which solutions just give ancillary capabilities, and which solutions simply do not perform the most important job.

At PureSoftware, Aspiration collides with invention and the unattainable becomes feasible through teamwork. We strive to help our clients achieve exceptional results. It is one of the fastest-growing software products and services businesses, providing a distinctive customer experience, reducing cycle times, and assisting clients in achieving business goals by implementing new-age digital technologies and integrating them with current systems.

[pure-software]

Top 4 use cases for RPA in supply chain and logistics

Robotic process automation (RPA) software is rule-based Automation that uses software bots to imitate user interaction at the UI level and execute the same operations at a much quicker pace minimizing error. RPA solutions have pioneered streamlining processes, accelerating performances, and significantly reducing operational costs by overcoming hurdles such as delays, productivity loss, and inefficient process challenges.  

RPA solutions for the supply chain are rapidly emerging as they automate various functions with extreme precision. There are many repetitive processes in the supply chain and logistics sector, including storage, transportation, and delivery which can be streamlined and automated by RPA.  

Here are 4 most relevant use cases for Automation in the supply chain and logistics space: - 

1. Efficient and Proactive Inventory Management: - Inventory control acts as a pivot for the Supply Chain process. RPA bots can help create resilient and responsive supply chains by: -

Keeping track of inventory and notifying beforehand when levels are low. When fresh shipments are required, RPA can take on an employee's role by ordering new shipments in real-time.  

Bringing Automation in the time-consuming and error-prone process of manually tracking products as they travel through warehouses. RPA supply chain management uses software robots to optimize the entire inventory from the receiving end to shelves, manufacturing, and shipment.  

2. Predictive Analysis: - Automation can be invoked to forecast inventory requirements.

RPA can replace the manually performed tedious and error-prone data analysis process by collecting and merging vital information, preparing datasheets for human Analysis, and sharing it with planners.  

RPA can further evaluate subtleties and patterns in vast amounts of data and consumer purchasing behavior. The findings are subsequently presented in a comprehensive report, which helps create more accurate projections in less time and with fewer resources.

3. Freight Management: An efficient and scalable freight management process can be accomplished by automated chatbots. These chatbots are designed to handle information transmission during load matching,making it easier for brokers to match cargo with a carrier to carry it. Other elements of freight management, such as route optimization, freight accounting, and freight claim management, can benefit from RPA in the supply chain.

4. Invoice Management: - Automation in the supply chain can make it easier to handle invoice documents from vendors and suppliers while reducing the possibility of error. RPA automates processes like extracting information from invoices and evaluating and verifying data, reducing manpower while ensuring bills are handled correctly.

PureSoftware is a prominent RPA solutions provider having extensive expertise in deploying RPA solutions. Our dedicated RPA Center of Excellence (CoE) positions us as frontrunners in the rapidly changing field of Automation. Connect with our RPA team now.

[pure-software]

The Future of Banking: Why Digital is Important?

Digital has been a buzzword in the ever-evolving banking industry across the globe. This evolution focuses on designing a seamless, versatile and collaborative experience for the end consumers. Technological advancement anchored this transformation by upgrading retail and mobile banking to neobank startups, propelling banking into a digitalized future.

The rapid advancement in technology has created many challenges for the traditional brick and mortar branches. Though they are well equipped with financial resources and consumer relationships with a decent reach, they need to adopt digital ways for banking to stay relevant in the future.

Here are some ways how digital can shape the banking landscape:

Frictionless banking through utilization of B-a-a-S or API Banking: Legacy institutions are best positioned to succeed if they commit to full-fledged digital transformation by introducing extremely adaptable solutions and can utilize Open APIs to integrate new financial systems and open banking software, allowing faster expansion. The most common of these solutions is Banking-as-a-Service (B-a-a-S), where digital banks and other third parties can connect with the bank’s system directly via APIs.

Emergence of Personalized banking tools — The emerging digital banking solutions focus on providing self-learning digital banking software tools sensitive and intuitive to customer needs by utilizing a range of cutting-edge technologies to increase consumer engagement, including AI-powered chatbots, wearable assistance, personal finance Management, P2P Payments through voice bots, and QR code scanning.

Data Analytics for Customized Solutions: — Financial service providers will get a deep insight into customers’ lives owing to Big Data, IoT, Blockchain and Open Banking. They can better the lives of their customer by employing the following techniques: -

The technologies such as IoT tend to track the real lives of customers rather than relying on manual submissions, the customer data will be safe and secure through blockchain technology which would be further authenticated via AI. This would lead to the complete elimination of human error.

With banks having a better grasp of the customer data they gather, they would be better equipped to make informed decisions providing customers with relevant advice and information in their best interests and designing products and services that align with their immediate requirements.

Are you looking forward to modernize your banking business model with powerful digital capabilties? You can explore online banking software solutions with Arttha. Arttha digital banking platform empowers banks to create highly differentiated virtual banking experiences and seamlessly respond to the ever-evolving digital needs of their consumers. Write to us at [email protected] to know more.

[pure-software]

5 Ways Fintech Is Transforming the Banking and Financial Services

The financial technology (fintech) revolution is quickly spreading worldwide, altering the global financial dynamics. It is influencing a wide range of industry activities such as customer service, financial advising, payments and transactions, loans, insurance services, and account administration.  

Legacy financial institutions like banks, credit unions, and large financial players are heralding this transformation by embracing ubiquitous Fintech-led innovations like digital payment gateways, online banking, etc., to reach at par with the fintech firms. The spectacular growth in the usage of smartphones has only catalyzed the adoption of digital tools for fintech platform solutions. These innovations are spearheading the need for traditional banking institutions to leverage fintech platforms to hone operational efficiencies and deliver improved customer services.  

Here are 5 ways in which fintech is transforming the banking and financial services landscape-  

Enhanced customer experience powered by omnichannel presence: Fintech platforms enable banks with powerful banking capabilities for better customer engagement across different channels and deliver a hyper-personalized experience, enhance customer value, and seamlessly transition to the digital age.    

API-led Integration: Banks can provide more value-added services to the customers by providing secure access to customers for third-party vendors by enabling API-led integration. Customers can now access all types of services provided by multiple vendors by just logging into a single bank portal.  

Digital handshake with cloud AI: Banks are offering a unique customer experience centered on personalization, speed, relevance, and seamless delivery, such as AI-enabled Chatbots to manage customer queries faster and save time. With RPA being applied, the KYC process is made much faster, and customer data can be analyzed and verified within moments with very little room for inaccuracies.    

Digital currencies using Blockchain technology: Customers have benefited from cryptocurrencies for moving money, lowering expenses, and saving time since blockchain provides a reliable trading platform with improved transparency.  

P2P(Peer-to-Peer) Investment/ Lending platforms: Through fintech platforms, it becomes easier for banks to find authenticated creditworthy borrowers through a pre-verified automated credit evaluation process without the intervention of conventional banking.  

FinTech platforms are an easier and efficient way for banks and financial institutions to offer several financial services, while reducing time and effort considerably. Major financial institutions across the globe are leveraging technology to stay relevant in this digital age. Banks and financial institutions seeking fintech adoption can explore growth opportunities with Arttha. Arttha is a unified fintech platform that has been transforming the BFSI industry with its powerful fintech capabilities. Write to us at [email protected] to learn more about Arttha fintech solutions.