Displaying items by tag: realtime data

Serious data issues need to be overcome if businesses are to achieve their 2024 priorities

• 98% of Australian financial services professionals are not using real-time data
• Over 40% can’t access data to make decisions
• 40% don’t trust their data and the insights it gives them

Operations leaders within financial services are facing decision paralysis, painting a concerning picture for the industry across Australia.The latest research from ActiveOps, a provider of AI-powered Decision Intelligence for service operations, has revealed that senior operations heads are “struggling to make critical decisions due to poor data – highlighting a concerning state of play that involves significant data issues and challenges that are impacting businesses’ ability to achieve their priorities in 2024”.

Real-time data platform operator Hazelcast's new Viridian Serverless service has gone into beta.

Smart traffic management systems and the benefits surrounding them are being explored by cities and municipal transportation agencies around the world, in order to mitigate against the detrimental impact on congestion, lost productivity hours and harmful carbon emissions, new research has revealed.

GUEST RESEARCH: Hazelcast, the provider of the real-time intelligent applications platform, today released a global study revealing that 8 in 10 (79%) of retail and financial services companies globally struggle to harness real-time data and combine it with historical data to glean better insights for engaging customers, increasing revenue and boosting conversion rates, especially amid increasingly unpredictable consumer behaviour trends and a rising tide of incoming data. This compares to 65% of retail and financial services companies in Australia and just 55% in New Zealand.

COMPANY NEWS:  BTPN wants to lead Indonesia’s digital banking transformation. As the country relaxes regulation around digital banking, paving the way for entirely virtual banks, BTPN aims to be first to market with new digital services.

Digital operations management platform PagerDuty has launched a new product, Event Intelligence, that it says analyses both incoming digital signals and human response patterns and uses automation to identify issues — such as when and how alerts are resolved by responders — quickly, enabling teams to take action on critical software issues and opportunities.