The Rising Power of AI in Financial Services
Artificial Intelligence (AI) is already transforming the way in which financial service companies are doing business.
More and more of them are using AI to process information on their customers, cut costs, save time, monitor behaviour patterns, assess credit quality, automate client interactions, analyse markets, assess data quality and detect fraud.
A pwc Digital IQ 2017 survey found that 72% of business decision makers believe AI will be the business advantage of the future.
Strategically Outsource to Maximise Efficiency and Productivity
If you’re looking for a quick way to cut costs, boost efficiency and improve productivity then consider outsourcing one or more of your business’ support processes.
Outsourcing has many benefits and can give you a greater competitive edge in your market.
It allows you to tap into a large international talent pool and benefit from external expertise. Your outsourced providers can provide services,
What if Bill Hewlett and David Packard had never got out of that famous Palo Alto garage? If they’d stayed a two-person company, we’d likely never have heard of them – and the history of Silicon Valley would have been very different. Instead, at its peak in 2011, Hewlett Packard had nearly 350,000 employees around the world.
There are many small startups of the size Hewlett Packard was back in that garage, and it’s important for governments to encourage entrepreneurs to found companies.
Managing cash flow is critical to the success of any business. Get it right, and shareholders, creditors, and employees are happy. Get it wrong, and the company could end up on the ropes like Carillion.
Cash flow problems can beset even profitable companies, particularly those experiencing rapid growth.
So, how do you protect your company from future cash flow issues?
1. Cut Costs
Cost-cutting will have a more immediate impact on your bottom line than revenue-raising efforts.
Author: Steve Settle MA (Cantab) MBA FCA, Managing Director—Asia, CFO Centre
Despite what you may have heard, working on a contingent or freelance basis has many advantages that are just not available to full-time employees.
It’s easy to get despondent about your future job security and finances these days with doomsday predictions of the impact artificial intelligence (AI), Big Data, machine-learning, robotics and nanotechnology will have on the world of work.
Carillion Collapse Shows the Danger for One-Client SMEs
The collapse of Carillion, the UK’s second largest construction company, has exposed the enormous risk SMEs take by placing too much reliance on one major customer.
The construction company, which employed 43,000 people worldwide and had 450 key public-sector infrastructure projects on its books, went into compulsory liquidation on January 15th with £1.5b debts. That followed the failure of last-minute rescue talks between the company,
Global curator of Big Data: Fancensus.com provides business intelligence to the Entertainment Sector. Specialising and delivering accurate real time analytical data to the gaming and movie industries; by gathering aggregating communication information, monitoring digital retailers and overall calculating industry performance benchmarks, Fancensus.com provides powerful insights into the data analytics which drive success in today’s entertainment market. Some of their prestigious clients include Disney, Ubisoft, Sony, Bethesda amongst others. However, it wasn’t always this way…
Like many entrepreneurs it started with a single idea.
A funny thing happens on January 4th. It’s the day traditionally when people decide the mammoth New Year goals they set with such high hopes well and truly suck.
They look in the mirror and see that despite FOUR DAYS of exercising and dieting they are still not marathon or beach-ready.
By January 5th, the new running shoes will have been pushed to the back of the wardrobe and the bathroom scales will have been shoved out of sight.
On the first day of Christmas, my part-time CFO gave to me an introduction to business reporting and advice on creating a business strategy.
On the second day of Christmas, my part-time CFO gave to me more ways to attract money, an introduction to business reporting and advice on creating a business strategy.
On the third day of Christmas, my part-time CFO gave to me the secret of lowering my tax liability,
Santa Claus, now in his 1,747th year, reveals for the first time how his part-time CFO helped Christmas Inc. claw back from near-disaster.
“Last year we were hit by so many problems. Money problems. Health and safety issues. Capital funding problems. Bad PR. The lot.
“Someone posted a story on Facebook last August that said I hated mince pies and was allergic to milk.