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Ecosystm Insights - Page 32 of 86 - A new age Technology Research platform to help you access latest market insights,expert opinions and research data
The-future-of-finance-Opportunities-Created-by-Cross-Border-Data-Flows
Opportunities Created by Cross Border Data Flows

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Ecosystm, supported by their partner Zurich Insurance, conducted an invitation-only Executive ThinkTank at the Point Zero Forum in Zurich, earlier this year. A select group of regulators, investors, and senior executives from financial institutions from across the globe came together to share their insights and experiences on the critical role data is playing in a digital economy, and the concrete actions that governments and businesses can take to allow a free flow of data that will help create a global data economy.

Here are the key takeaways from the ThinkTank.

  1. Bilateral Agreements for Transparency. Trade agreements play an important role in developing standards that ensure transparency across objective criteria. This builds the foundation for cross-border privacy and data protection measures, in alignment with local legislations.
  2. Building Trust is Crucial. Privacy and private data are defined differently across countries. One of the first steps is to establish common standards for opening up the APIs. This starts with building trust in common data platforms and establishing some standards and interoperability arrangements.
  3. Consumers Can Influence Cross-Border Data Exchange. Organisations should continue to actively lobby to change regulator perspectives on data exchange. But, the real impact will be created when consumers come into the conversation – as they are the ones who will miss out on access to global and uniform services due to restrictions in cross-country data sharing.

Read below to find out more.

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7-Steps-to-Delivering-Business-Value-with-Data-&-AI
The Future of Business: 7 Steps to Delivering Business Value with Data & AI

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In recent years, businesses have faced significant disruptions. Organisations are challenged on multiple fronts – such as the continuing supply chain disruptions; an ongoing energy crisis that has led to a strong focus on sustainability; economic uncertainty; skills shortage; and increased competition from digitally native businesses. The challenge today is to build intelligent, data-driven, and agile businesses that can respond to the many changes that lie ahead.

Leading organisations are evaluating ways to empower the entire business with data, machine learning, automation, and AI to build agile, innovative, and customer-focused businesses. 

Here are 7 steps that will help you deliver business value with data and AI:

  • Understand the problems that need solutions. Before an organisation sets out on its data, automation, and AI journey, it is important to evaluate what it wants to achieve. This requires an engagement with the Tech/Data Teams to discuss the challenges it is trying to resolve.
  • Map out a data strategy framework. Perhaps the most important part of this strategy are the data governance principles – or a new automated governance to enforce policies and rules automatically and consistently across data on any cloud.
  • Industrialise data management & AI technologies. The cumulation of many smart, data-driven initiatives will ultimately see the need for a unified enterprise approach to data management, AI, and automation.
  • Recognise the skills gap – and start closing it today. There is a real skills gap when it comes to the ability to identify and solve data-centric issues. Many businesses today turn to technology and business consultants and system integrators to help them solve the skills challenge.
  • Re-start the data journey with a pilot. Real-world pilots help generate data and insights to build a business case to scale capabilities.
  • Automate the outcomes. Modern applications have made it easier to automate actions based on insights. APIs let systems integrate with each other, share data, and trigger processes; and RPA helps businesses automate across applications and platforms.
  • Learn and improve. Intelligent automation tools and adaptive AI/machine learning solutions exist today. What organisations need to do is to apply the learnings for continuous improvements.

Find more insights below.

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'Two-Weeks-with-the-Samsung-Galaxy-Z-Fold4-Here-Are-My-Thoughts
Two Weeks with the Samsung Galaxy Z Fold4 – Here Are My Thoughts

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If you have been following my insights and blogs at Ecosystm, it won’t come as a surprise that I am a fan of foldable devices. I have owned the Z Fold3 for over a year now. In that year, I found myself reaching for my tablet less often as the larger screen on the Z Fold3 was enough for most of my needs. Most apps were resized appropriately and provided an improved user experience, and the upgraded OS with a MacOS style application bar made it even easier to switch between applications.

The larger screen of the foldable form factor boosted my productivity too – I could use multiple applications and respond to an email with the content’s source (PDF, Excel file, website, etc.) also open – meaning far less flicking between apps, which isn’t as easy on a smartphone compared to a laptop or a desktop computer. The computer style view for messages and emails (with the email list on the left and the actual email on the right) was brilliant. And I enjoyed using the external screen as a preview screen for taking selfies (I already have my work cut out in making selfies look good! So, being able to see the picture in advance helps a lot).

However, Fold3 had its imperfections. The slightly narrow front screen made typing difficult when the device was folded – I primarily used it to check the status of things (such as turning my coffee machine on/off, checking my solar production, etc.). The inside screen also had durability issues. After a year, Samsung installed screen protector was coming off, and then, the right inner screen gave up completely on me. That said, Samsung has been excellent at fixing these issues under warranty.

Samsung Galaxy Z Fold4 – Enhanced Features

With the launch of the new Z Fold4, I was keen to get my hands on a trial device, and the good people at Samsung and their PR agency arranged that for me. I have now spent two weeks with this device. Despite it being similar in size to the Z Fold3, the upgrades do make a real difference:

  • The few extra mm of width on the front screen makes it much more usable – I can now use this screen for typing messages and entering data. I still prefer the larger screen for things such as consuming content and typing longer emails. But the outside screen is usable for more than just checking the status of systems or apps.
  • The shorter height and the wider screen mean that the inside screen now feels more “expansive” – more of a tablet experience – and is getting closer to an iPad mini. This makes consuming and creating content easier and more enjoyable. As an avid tablet user, even with the Z Fold3, I would hesitate when going out, wondering if I needed to take my iPad with me. I noticed that I did not hesitate with the Z Fold4 – I was fine without my tablet.
  • Typically, newer phones feature improved cameras. This is certainly the case with the Z Fold4 – the camera feels faster than the Fold3, taking lesser time to focus and take pictures. And the images too are sharper and richer.
  • The screen warranty has also improved – perhaps in acknowledgement of the issues with the Z Fold3 screen. There are specials offering screen replacements for a low cost, even if you damage the screen, as well as discounts on Samsung Care+, which offers two replacement devices in 24 months.

The only comment I have is that it is the most slippery phone I have used so far! It didn’t come with a protective case and in two weeks, I have dropped this phone more times than I have dropped any other phone in the past few years! It has slipped off seats and desks as well as out of my pocket and hands. Although, it does claim to “stand up to life’s bumps and fumbles” and this has been accurate so far (as it does not even have a scratch on it yet – which is a surprise as it has hit wood, tiles, and concrete pretty hard!). But if I were keeping the device for any longer, I would immediately purchase a case!

Who Will Use It Most?

Whether this device is right for you depends on your device use patterns. I do believe there is a case for businesses to invest in foldables ­– particularly for employees who share content one on one with clients or prospects, or those who want to be more productive and be away from their desks without lugging a laptop. Anyone who is considering a flagship phone with a larger screen (iPhone Pro Max or Pixel 7 Pro) should take a look at the Samsung Galaxy Z Fold4. You will be pleasantly surprised with the quality and capability of this device. I know I will be sad to see it go when I hand it back to Samsung!

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IBM-Vendorsphere
Ecosystm VendorSphere: Is this the “New IBM”?

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This month IBM conducted a series of briefings for analyst firms in Asia Pacific, led by their senior leadership team including CEO Arvind Krishna.

Ecosystm analysts Alan Hesketh, Peter Carr and Tim Sheedy share their thoughts about the emergence of the “new IBM”; their strategy for the next year and in the longer term; and their technology roadmap.   

Read on to find out more.

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The-future-of-finance-Pathways-for-Aligning-_Innovation-and-Regulation-in-a-DeFi-World
Pathways for Aligning Innovation and Regulation in a DeFi World

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Ecosystm and Bitstamp, conducted an invitation-only Executive ThinkTank at the Point Zero Forum in Zurich. A select group of regulators and senior leaders from financial institutions from across the globe came together to share their insights and experiences on Decentralised Finance (DeFi), innovations in the industry, and the outlook for the future.

Here are the 5 key takeaways from the ThinkTank.

  1. Regulators: Perception vs. Reality. Regulators are generally perceived as having a bias against innovations in the Financial Services industry. In reality, they want to encourage innovation, and the industry players welcome these regulations as guardrails against unscrupulous practices.
  2. Institutional Players’ Interest in DeFi. Many institutional players are interested in DeFi to enable the smooth running of processes and products and to reduce costs. It is being evaluated in areas such as lending, borrowing, and insurance.
  3. Evolving Traditional Regulations. In a DeFi world, participants and actors are connected by technology. Hence, setting the framework and imposing good practices when building projects will be critical. Regulations need to find the right balance between flexibility and rigidity.
  4. The Importance of a Digital Asset Listing Framework. There has been a long debate on who should be the gatekeeper of digital asset listings. From a regulator’s perspective, the liability of projects needs to shift from the consumer to the project and the gatekeeper.
  5. A Simplified Disclosure Document. Major players are willing to work with regulators to develop a simple disclosure document that describes the project for end-users or investors.

Read below to find out more.

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