It’s no secret that consumers can be wary of companies seeking to collect their online personal data. They may worry about how the data will be used, who will have access to it, and if the data will be kept secure from fraudsters.
In a recent webinar on AI in the financial services industry, Stuart Tarmy, Aerospike’s global director of financial services industry solutions, explained that AI is currently used in a wide variety of financial service areas, from full-service and online brokerage firms to insurance to banks.
More companies are turning to data to improve the customer experience, but the problem is that many of them aren’t collecting the right data in the right way – and that means they fall short of offering the kind of personalized shopping that consumers desire.
Currently, about 80 percent of central banks in 66 countries – including 21 advanced nations – are exploring the issuance of digital currencies. Some 40 percent have evolved into pilot programs or experiments.
While the penetration of instant payment solutions today is relatively small compared with credit and debit payment volumes, it is fast gaining momentum in many countries, due in part to the surge in ecommerce during the pandemic.
For online gaming companies that want to take advantage of the skyrocketing marketplace, there are critical factors they must address if they want to compete effectively and satisfy users.
Fraudsters have seized on the spike in online activity, due to the pandemic, to prey on businesses and consumers.
Another Aerospike Summit is in the books. Last week, we held Aerospike Digital Summit 2021, Reimagine Real-time – our fourth annual Aerospike Summit.
While many things slowed down for businesses during the pandemic, digital transformation was not one of them.
Since the pandemic began, first person research has revealed that retail executives have focused more on integrating data from different sources and in developing real-time data analysis to address critical business objectives.