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Monitoring of Transactions in KYC: Fighting Money Laundering in the Financial Firms

Rising money laundering and terrorism financing cases are a major concern for modern-day Financial Institutions (FI). Business experts must use innovative digital solutions such as monitoring of transactions in KYC to combat financial crimes. This way, enterprises can easily ensure compliance with the latest international regulations and help businesses avoid heavy financial losses. The cutting-edge…

How IoT based Predictive Maintenance helps your Business Primary image

How IoT-based Predictive Maintenance helps your Business?

Predicting defects and fixing them before they become critical is essential, and keeping equipment in working order while performing maintenance minimizes disruptions to operations. According to recent studies, unplanned downtime is said to cost the industrial sector $50 billion annually. Analytics powered by IoT and AI has revolutionized how businesses handle production line management and…

Top Conversational AI Trends to Look Out for in 2023 Primary image

Top Conversational AI & ML Trends to Look Out for in 2023

Conversational AI is no longer considered “hyped” in the tech industry. The upgrade quickly gaining popularity has genuine benefits for contemporary businesses. This makes sense since 85% of people worldwide want to message brands. The five trends in today’s article will govern the market in 2023. Read on… Automating routine business operations If you have…

What are the Trending Technologies for the Development of the Metaverse Primary image

What are the Trending Technologies for the Development of the Metaverse?

Technology development is required to enhance various areas of the digital planet and our huge reality experiences. One of the technological advancements is Metaverse. Previously, our ability for digital communication was confined only to voice calls and text messages. While now, with the Metaverse, we’re exploring vast opportunities on a very different level. Metaverse software,…

How AI Unleashes a New Era of Drone Innovation Primary image

How AI Unleashes a New Era of Drone Innovation?

Over the last few years, there has been a lot of innovation in drones. Drones are already being tested for package and food deliveries and other applications like agricultural monitoring, assessing essential infrastructure such as electricity lines, inspecting fire damage, and more. It’s evident that the commercial sector has a high need for remote-controlled and…

Can Supply Chain Achieve a Touchless Future Primary image

Can Supply Chain Achieve a Touchless Future?

Many supply chain industries have been disrupted because of coronavirus, which has had an impact on the worldwide economy. From transportation and manufacturing to retail, autonomous robotic systems are transforming the automation landscape. These robots are the ideal tool for dynamic situations, with on-demand automation playing a crucial role in enhancing efficiency. Many robots have…

Tips on Practicing Preventive Equipment Maintenance Primary image

Tips on Practicing Preventive Equipment Maintenance

Predictive Maintenance is an excellent strategy that allows companies to keep machinery in good working order before breaking it down. Companies can profit from predictive Maintenance since it has a high return on investment, is less expensive than reactive maintenance, and can help reduce repeated expenses. Starting small, identifying PdM-ready jobs, and identifying the requisite…