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The banking industry is booming the implementation of digital technologies, perhaps more than any other sector, to enhance its business processes. And this entanglement of technology and industry continues with the introduction of cognitive technology. Cognitive technology is a new avenue for cost control through cognitive tooling and automation with distinctive optimization possibilities. 

Cognitive technology generally relates to systems that use Artificial intelligence and signal processing to imitate logical human potential. These self-learning systems use a range of information, predictive analytics, and natural language processing. Cognitive technology makes banking and financing more productive while also providing an excellent customer experience by assisting in the following ways....Follow above link to know more

Trends that are going to change the HR industry

Suitable candidates are considered as the assets for organizations. The hardships lead to be more strategic for the HR (human resource) team of organizations because HRs’ role is to recruit not only an employee but also understand if the employee can serve as an asset for the very organization and recruit accordingly.

Nowadays technologies have made HR industry evolving to become more efficient, profitable, and enjoyable for employees. This industry is converting into more productive one with the help of advanced technologies. 

Following are some of the trends, which are transforming the industry:

Artificial intelligence (AI): Talent acquisition is one of the important responsibilities of HR departments, but even they cannot be entirely sure about the hiring. AI technology streamlines this hiring process by relying more on the analytical process instead of by human observations. Also, AI helps in listing relevant interview questions according to the post, employee’s background.

Robotics Quotient: The HR department has many transactional activities that are ideally suited for robotic process automation (RPA). RPA enables HRs to automate tasks that are rule-based, repetitive, and standardized and results in free-minded HRs who can focus on more strategic and innovative functions as talent development, retention, and policy implementation.

Predictive analysis: HRs deal with large quantities of people data. With the help of predictive analytics, HRs need not rely on gut feeling or soft science; they can rely on proven and data-driven predictive models. Predictive analysis enables HRs to forecast the impact of people policies on the well-being and bottom-line performance of the employees.  

Cloud: Cloud applications play a significant role in the HR industry. Functions of organizations need fast and flexible IT frameworks. Cloud is redefining the frameworks and process of working of the organizations. The competitions in organizations on recruiting processes increase data of a number of candidates and push the organizations to move the information to the cloud. Moving data to the cloud makes HRs’ functions more efficient as it lowers the manual works of HRs.

By the advancement of technology, HRs are playing a leadership role in the growth of organizations. As HRs are adopting the change with the help of technologies, the organizations will become smarter and more productive.

Know More: HR Technology

Streamlining Smart Cities with Geographic Information System

Decades of unplanned urbanization has induced rampant pollution, sanitation hazards, inadequate housing, slums, and transport perils, Along with that, extreme weather patterns have become a global concern. It is about time data-driven adaptive urbanism—smart cities—gains momentum, building cities as models of a global change.

This model will pave the way for connected spatial data flow, enabling every resident in the city to comprehend the goals the community needs to accomplish. The residents can utilize applications to keep themselves informed about recreation, business, property, transportation, taxation, and more.

These smart cities function round-the-clock in a cloud environment and are entirely based on knowledge and innovation for best and sustainable civilian services. The definitions for smart cities vary depending on geographies, deployment, and scaling. However, in a data-driven environment Read More 

Interesting Read: At the Pinnacle of Smart City Aspirations

Smart cities are considered as the future of urban living, using digital technologies, data, and design thinking. As the urban population grows in diverse conditions, many cities turn to technology and smart city solutions to build a more livable environment and thereby improving the delivery of public services. 

Smart cities create a new model by improving existing transportation systems, that use the data applications and technology to improve the quality of life for citizens and visitors. Technology serves citizens and can enhance many aspects of public life, including quality of life, mobility, security, education, economy, and the environment. Here are some key points that enable the smart government of smart enterprises movement globally.

Adopt These Five Effective Solutions to Overcome IoT Security Challenges

Internet of Things (IoT) is the trending technology nowadays, and it is gearing up fast to connect any hardware devices to the smart devices.  The increasing threat to Internet of Things has led to an urge to find practical solutions which may address this issue and reduce the rate at which cyber actors are attacking IoT devices.

Here are Five solutions that can be adapted to increase the security of IoT devices: https://goo.gl/X8tZDy