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How Is Real-Time Data Analytics Helping in Increasing Business Revenue?

Real-time analytics is a method of analysing data using logic and mathematics. For some implementations, real time practically means that the analytics are done within seconds or minutes. It helps to generate new business models, boost customer insights, and be one of the key catalysts driving a revolution in marketing, manufacturing, and service. It provides the insights that help people make better decisions faster. 

If your organisation has not yet invested in business analytics software, SG Analytics can assist you in selecting the best solution from hundreds of providers. We provide real-time data analytics services which helps in increasing business revenue. The company has a team of big data analytics experts who help businesses make sense of their data and use it to make better decisions.  Contact us today if you are an enterprise looking to make critical data-driven decisions to prompt accelerated growth and breakthrough performance.   

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Inflation Hits a New High in the US. Where is the Economy Heading?

Rising inflation emerged as a big issue in the spring of 2021 when the U.S. government was imposing strict COVID-19 protocols. A mix of factors, including recovering demand, supply chain issues and labor shortages pushed the prices up, and the onward graph is still rising. 

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ESG & Sustainability: Shaping the Future of Digitized Procurement Value Chain

The new decade is experiencing the rise of ambitious sustainability goals. Supply chains with sustainability labels are receiving increased traction. Customers are voicing their support for organizations following ethical work practices and security for the frontline supply chain. The collective confidence of policymakers, investors, and consumers is enabling supply chain organizations to drive sustainability initiatives to regulate their outcomes. 

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The Evolution of 'Data-First’ Strategy: What does that mean for Businesses?

Today, data is more pervasive than ever. However, taking advantage of its full potential mandates creativity and conviction. Data leaders are now navigating through an ever-growing pool of internal and external data sources to curate strategy and direction in this increasingly data-rich marketplace.  

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The COVID-19 pandemic accentuated global interconnectedness and collective reliance on one another as never before. This unprecedented crisis mandated quick action by governments, businesses, and civil society to build a resilient, equitable, as well as sustainable future for people and the planet.  

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The Urgent Need For Private Finance to Address Global Water Scarcity

Globally, there is a growing lack of water. Half of the world is experiencing droughts, floods, and unclean water, and the issue urgently calls for significant private funding. With the rise of globalization, this seems to be of greater importance. It will worsen if current economic and social tendencies are not significantly reversed. 

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There is always a gap in terms of fulfilment of requirements that renewable sources of energy have that makes it difficult for people to shift to a completely renewable means of energy consumption. A hybrid power system makes up for it. For example, a moderately sunny region cannot have full access to solar power throughout the year at all times so producing enough solar energy would be an issue. But if you combine the solar power generated along with say, hydroelectricity that is generated from nearby water bodies or even wind energy extracted from turbines, it can become possible to provide electricity to regions across the year using only renewable sources of energy. A hybrid power system can enable a complete shift to renewable energy sources for long-term consumption of electricity.  

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A broader view of rules that are more relevant and practical for all sorts of firms, including banks and other financial institutions, may be how corporate governance develops in the future. Examples of risks that apply to most firms include outsourcing and supplier-related risks, which have not received much attention in governance in the past.   

Furthermore, even when the risk is minimal, corporate governance in the future can emphasize catastrophic risk more. Despite the minimal likelihood of a disaster, it does not always follow that one will not occur. In accordance with sound corporate governance principles, it may be possible to be prepared to handle any crisis.   

Also Read: 71% BFSI Firms Use Big Data Analytics to Gain Competitive Advantage – It’s Uses in Equity Research 

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What Will the Economy Look Like in 2022? 6 Trends to Watch Out For!

The large commitments are resting on smaller commitments, such as generating 50% of electricity sustainably by 2030 (India). Or ending foreign public financing of coal, oil, and gas projects by the end of 2022 (France). 

Read more: A Brief on United Nations’ Climate Change Conference, 2021 

In 2022, projects supporting those commitments will take off. Already, the world’s biggest companies like Apple, Google, and Microsoft have pledged to achieving net-zero emissions by 2035. Soon, smaller companies will follow. Government support will play a massive role in the transition. After all, cost is the biggest reason why we choose non-renewables over renewables. 

With government support, the ‘green premium’ could go down, and going green could finally make economic sense. 

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The Future of Insurance: How Providers can Embrace Technology to Thrive in the Online World

Insurance has always had something of a negative perception around the world. Rather than something that people wanted to spend on, it was more of a necessary evil that most had to come to terms with. This ambivalence towards insurance is understandable as it has a reputation for staying antiquated and refusing to get with the times. However, as customer expectations rise and technology advances, it becomes increasingly important to foster innovation in the field.  

In a survey done by PwC, 41% of policyholders claimed they chose to look elsewhere for insurance when they realized that their providers lacked digital capabilities. With technology making its rounds in facilitating convenience in different sectors, it is a fair expectation for consumers to have it to do the same in insurance. 

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Globally, there is a growing lack of water. Half of the world is experiencing droughts, floods, and unclean water, and the issue urgently calls for significant private funding. With the rise of globalization, this seems to be of greater importance. It will worsen if current economic and social tendencies are not significantly reversed. 

Due to a changing climate, an expanding global population, a booming global economy, and changing dietary habits, there is an increasing concern over water scarcity. The difficulties caused by water scarcity are developing as a strategic concern for enterprises and their financial sponsors worldwide. 

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How Big Data Analytics Can Help Airlines Better Understand Their Customers

Big Data is transforming every industry. How can airlines profit from data collecting and analysis as one of the largest industries with access to a wide range of data? 

When it comes to technology, hospitality and aviation have pushed things to a whole new level. Aviation has been one of the first industries to incorporate data analytics into its core in recent years, thanks to advances in Big Data Analytics. Big Data and Artificial Intelligence, two cutting-edge technologies, have transformed the way major telecommunications companies serve their customers. The airline industry has traditionally been a leader in customer service. 

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Why Should Enterprises Care About AI Ethics Related Issues?

The emerging confluence of technology, the internet, along with massive computational resources, as well as Machine learning (ML) and Artificial Intelligence (AI) - has led to the world where it is today. While the value of such innovation is clear, the known risk is less. 

Artificial intelligence today can be employed across diverse domains and industries to help automate its operations. But this advanced field of computer science - Artificial Intelligence (AI) - while intended to enhance lives, has now ended up doing much more than good in some instances. Many companies can suffer from reputational or legal damages if AI is employed irresponsibly. 

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ESG and Sustainable Investing: A Guide for ESG-Focused Investors in 2022

While investment and sustainability might seem like two entirely opposite aspects, the recent climate trends have forced them to collide. Often the process of making investment concerns vetting a company based on factors including business model, historical data performance, annual reports, and much more. 

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The Growing Significance of Technology as a Sustainable Business Asset

Unpredictability has become the new normal since the Covid-19 emergency. And businesses have quickly realized that digitalization is the only way to build the resilience they need to succeed. Hence, in this post-pandemic world, technology and its access to data is not just the backbone but also the beating heart of the business. 

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How is it Transforming the Future of Music

Many are aware of the disruptive powers of blockchain technology. Today, it seems like every industry, ranging from tech and finance to e-commerce and supply chain, is exploring new avenues to successfully incorporate blockchain into their business framework and bring Web3 to the mainstream. While the future looks fairer, more creative, and bewildering than the one we are currently used to, it is, however, time for a change. However, for new technologies to fully integrate into everyday operations, it is equally important to turn their attention toward the components that populate our everyday reality, including— music, pop culture, art, film, literature, and more. 

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Real-time analytics is a method of analyzing data using logic and mathematics. For some implementations, real-time practically means that the analytics are done within seconds or minutes.