techniques - Blog - Global Risk Community2024-03-29T09:12:24Zhttps://globalriskcommunity.com/profiles/blogs/feed/tag/techniquesMicromachining Getting Attention From Various Industrieshttps://globalriskcommunity.com/profiles/blogs/micromachining-getting-attention-from-various-industries2020-08-27T06:58:58.000Z2020-08-27T06:58:58.000ZKBV Researchhttps://globalriskcommunity.com/members/KBVResearch<div><p>With miniaturization becoming the latest trend globally, micromachining gaining importance in manufacturing micro parts. Many surgeries and various Diagnoses can be possible without pain with the miniaturization of medical tools.</p><p></p><p>Micromachining may refer to the process and techniques for the construction of various structures of 2D and 3D on the micron scale. The small parts used for the aim of making watches were considered microelements until recently. Micromachining is the technology that manufactures micro-sized structures.</p><p><a href="{{#staticFileLink}}8028336894,original{{/staticFileLink}}" target="_blank"><img src="{{#staticFileLink}}8028336894,original{{/staticFileLink}}" class="align-center" alt="8028336894?profile=original" /></a></p><p>The design of manufacturing and construction of tools, cutting tools, tool holders, and electrodes need regular advancements as huge demands are placed on them for producing these miniature/small parts. New changes in <a href="https://www.kbvresearch.com/micromachining-market/">micromachining</a> show that micro-cutting processes are not the only miniaturization of the standard cutting technology, and needs an overhaul of the whole machining setup and processes.</p><p></p><p>Various works of Industry show that attention in producing microscopic scale is significantly growing with respect to the huge extension of Micro Electro Mechanical Systems (MEMS). Hence, a great amount of demand is there to improve existing technology and developing nonconventional methods, in order to obtain more accuracy.</p><p></p><p>Various techniques of MEMS such as photolithography, LIGA, chemical-etching, and plating are used. These elements have a great impact on micro-electric or semiconductors manufacturing. Additionally, the elements are useful in the manufacturing of huge volumes, especially sensors and actuators which are made of silicon or other metals.</p><p></p><h2><strong>Micromachining Techniques</strong></h2><p>Micromachining is a specific kind of technique that is applied to parts of the micro-scale. Micro Electro Mechanical System (MEMS) is the device of the microscopic level which is designed and used for interaction or improvement of the local environment. MEMS include microstructure technology, mechatronics, microstructures, and Microsystems. MEMS also include different devices with movable parts that contain both mechanical and electrical elements on silicon.</p><p></p><p>There are different kinds of vital techniques that are used for micromachinings such as micromechanical machining (micro-cutting and micro-milling), photolithography, micro-EDM, and laser.</p><p></p><h3><strong>1. Micro Ultrasonic Machining</strong></h3><p>In the process of micro ultrasonic machining, micro tools like ultrasonic vibration are used to create precise holes in brittle materials like silicon, glass, and ceramics. There is an interposing of abrasive slurry between tool and workpiece and that tool is used as a micro-mill to get drills or patterns on the workpiece surface. The vibrating tool impacts abrasive grains into the workpiece than a mechanical removal of the material.</p><p></p><h3><strong>2. Micro Electronic Discharge (EDM) Machining</strong></h3><p>In EDM, the material of an electric discharge between the conductive tool and workpiece is removed using erosive action. Small craters are produced in the piece by Electro-thermal erosion during the machining process. While tool shape is copied in the workpiece, there is no contact. The process and design of EDM machining assist in machining both hard materials like carbides and steels and conductive ceramics and semiconductors.</p><p></p><h3><strong>3. Laser Micromachining</strong></h3><p>In this type of micromachining, high energy light radiation is used by laser as a machine tool. Through this process, high precision can be achieved, and the removal of material is obtained by ablation. Ceramic and metal layers machining can be done with higher laser densities. A focused beam can allow real 3D shaping by correcting motion control.</p><p></p><h3><strong>4. Lithographic Process</strong></h3><p>In micromachining, it is a common technique that is based on lithographic approach and silicon, by etching and deposing process which is used in microelectronics. Chemical or physical etch is used in machining silicon wafers. Then, various parts are realized layer by layer from a silicon wafer. This method is purely non-contact that is based on masking and light exposure.</p><p></p><h2><strong>Future Trends</strong></h2><p>The new trends in miniaturization technologies will emerge as a potential technology of the future which could bring completely different ways in which people and machines co-exist and interact with each other and the physical world.</p><p>The recent developments of micro-miniaturization of the products especially in the field of the microsystem technology (MST) or microelectromechanical system (MEMS) have known to create a deep impact on the industry.</p><p>A major advantage of micromachining technology is its ability to fabricate significantly smaller features reliably at very high tolerances. However, micromachining technology still needs various improvements and developments.</p><p> </p><p>Regarding rates of higher material removal and selection of process parameters in order to get a stable cutting process, compared with other contemporary techniques, micromachining still provides benefits like low cost of production, the small size of batch and the capacity to manufacture accurate 3D free-form surfaces in various sorts of materials.</p><p>Though lithography-based manufacturing can achieve feature size of small length, still micromachining has many advantages over it in terms of material choices, relative accuracy, and complexity of produced geometry. Moreover, the technology is very optimistic to the extent that it can bridge the gap between macro and nano/micro domain.</p><p></p><p>Recent demands and needs for such microelements have forced the technology to produce different types of micro components used in various fields such as biomedical implants and entertainment electronics. The ease and usefulness of various products can be significantly improved with decreased weight and size.</p><p></p><h2><strong>Conclusion</strong></h2><p>Considering the benefits and future demands, it can be said that the micromachining market will flourish more in the coming years owing to its different benefits and applications in various domains. </p><p>Since its inception, the technology of micromachining has seen the development of a great degree to include various new techniques, processes, and tool designs. Additionally, the array of materials being processed under these techniques has been expanded. With the ever-increasing demand for miniaturized tools and various types of equipment, the notion of micromachining becomes significantly important.</p><p> </p><p>Though traditional machine are capable of conducting micromachining processes, the full potential of micromachining can be achieved by employing machine tools that are specially designed for this purpose. The advantage of such micro machine tools and micro-factories are numerous such as mobility, flexibility, and various other economic benefits.</p><p>There are various beneficial applications of this technology in different fields. Technology has been the driver for innovation and developments in many domains such as the automotive and biomedical engineering fields.</p><p> </p></div>Customer Analytics: The Present and Future Potential Of The Industryhttps://globalriskcommunity.com/profiles/blogs/customer-analytics-the-present-and-future-potential-of-the2020-05-23T06:39:04.000Z2020-05-23T06:39:04.000ZKBV Researchhttps://globalriskcommunity.com/members/KBVResearch<div><p>As the foundation of all marketing operations, customer analytics includes methods such as statistical modeling, data processing, information management, and segmentation. In today's ultra-competitive industry, all corporate executives need to base their decisions on sound research, evidence, and information.</p><p></p><p><a href="{{#staticFileLink}}8028319281,original{{/staticFileLink}}" target="_blank"><img src="{{#staticFileLink}}8028319281,original{{/staticFileLink}}" class="align-center" alt="8028319281?profile=original" /></a></p><p></p><p>Therefore, any choice they make will be focused on rational decisions and will be more likely to help them prosper and survive. Top executives, product managers, and <a href="https://www.kbvresearch.com/customer-analytics-market/">customer analytics</a> managers are committed to collecting big data and analyzing their customer base and competition trends.</p><p></p><h2><strong>What is customer analytics?</strong></h2><p>Customer analytics is a mechanism that helps you to use data derived from the actions of your consumers to make wise and well-informed business decisions. y way of customer analytics, companies can apply market segmentation and predictive analytics to their business activities to monitor the interaction with the consumer base; beyond marketing purposes, it is also used for product forecasting, new product releases to product ideas.</p><p></p><p>The way consumers use a website or use software/dashboards, or the way they view real-life consumer products, which brand they like, which apps they use and for how long, and so on — this is the kind of data that companies rely on to segment their user base into various groups of customers. Customer analytics helps them to predict the behavior of potential customers based on these distinguishing variables.</p><p></p><h2><strong>Here's why customer analytics matters to businesses:</strong></h2><h3><strong>Review analysis</strong></h3><p>Reviews are another excellent resource worth taking advantage of. Reviews are valuable as they give you a lot of customer service and satisfaction statistics, and more importantly, they also represent the customer's voice. Customers express their opinions and feelings — which may be positive, neutral, or negative — giving an insight into their experience, and also impacting the business by either recommending it or criticizing it publicly.</p><p></p><h3><strong>Predictive analysis to predict customer needs</strong></h3><p>Customer analytics has been a slower process until recently and has therefore been used to analyze the past. Currently, there are a number of tools that allow using the data in real-time. But instead of thinking backward, managers use artificial intelligence (AI) and machine learning software to predict what those consumers will expect in the future.</p><p></p><p>Many executives, particularly in the e-commerce sector, are already applying this analytical software to their websites. When consumers buy online, these tools will monitor their browsing actions, their buying preferences, their favorite items, and so on; they will forecast which products consumers may be interested in and when they may choose to re-purchase an item. Beauty companies are known to use this kind of technology. Predictive customer analytics uses vast quantities of consumer data to anticipate consumer desires and enhance their experience by personalizing them.</p><p></p><h3><strong>Net promoter score (NPS)</strong></h3><p>The net promoter score (NPS) is a very popular and effective method of conducting customer experience analysis and measuring customer satisfaction. As the name suggests, this is a numerical score that is determined by telling consumers how likely they are to recommend the brand or company to a friend/colleague on a scale from 1 to 10.</p><p></p><p>Campaign management is key to the effective execution of a marketing strategy. Marketing is a focused marketing activity. It is typically based on a special, coherent marketing campaign distributed through a variety of platforms and is designed to accomplish a particular business target. It is the method of preparing, carrying out, recording, assessing, and improving these campaigns.</p><p></p><h2><strong>Types of customer analytics solutions:</strong></h2><h3><strong>Brand and campaign management</strong></h3><p>Campaign management is key to the effective execution of a marketing strategy. Marketing is a focused marketing effort. It is usually focused on a unique, consistent marketing message spread across a number of channels and is intended to achieve a specific business goal. It is the process of planning, carrying out, monitoring, analyzing, and optimizing such campaigns.</p><p></p><p>With the ever-increasing importance and sophistication of digital marketing, mapping the consumer experience is becoming increasingly relevant. This phenomenon is especially helpful in describing and identifying the differing but important contact environment in various areas of the customer's journey.</p><p></p><h3><strong>Customer behavioral analysis and churn management</strong></h3><p>Today, companies can capture data points across multiple attributes of customer engagement. The introduction of advanced artificial intelligence and data analytics strategies would further help to exploit this rich data to tackle churn in a much more efficient manner. Most organizations today, especially in the B2C region, are planning unique initiatives to address churn.</p><p></p><p>Customer experience management tools have a vital role to play in helping companies transform the way they interact with their consumers and protect the interest of their consumers. This is clear from the fact that 55% of customers can pay more for better service. Recently, companies have also been looking for CEM solutions that can deploy technologies that have only been leveraged by mega-business companies.</p><p></p><h3><strong>Product management</strong></h3><p>Product management is now getting more data-driven, whether or not project managers and marketing leaders want it. They may not be too keen on the thought of evading vast volumes of data, but the fact is that, without evidence, successful product management is just not feasible.</p><p></p><p>It's not just the marketing department of a company who will learn when it comes to the actions of its consumers and clients. Product developers will also be aware and, most critically, consider that their consumers and customers are purchasing their goods and how they are using the items they have bought. It is not enough to know what consumers are thinking about the product; what they are doing with the product is even more relevant.</p><p></p><h2><strong>Industries that are adopting customer analytics solutions:</strong></h2><h3><strong>Healthcare</strong></h3><p>Health data analytics should be used to cultivate a patient-physician partnership that enables patient-centered treatment. While the use of big data does not necessarily have an immediate effect on sales, it has many uses, from advising health promotion campaigns to personalizing the clinical experience.</p><p></p><p>Big data has a huge potential to have a positive impact on the healthcare sector. At the end of the day, engaging in data collection, convergence, healing, and strengthening technologies supports the healthcare system. Physicians are well trained to do their work to reach out to customers in positive ways – to cultivating personal relationships with customers would make healthcare business more important and profitable in the long run.</p><p></p><h3><strong>Banking, financial services and insurance (BFSI)</strong></h3><p>Customer analytics is one of the main areas of focus for banking, financial services, and insurance (BFSI) companies. The BFSI industry is betting heavily on data analytics to improve corporate efficiency, raise revenues, simplify company processes, minimize risks, and deliver seamless services to its customers. </p><p></p><p>Banking, financial services, and insurance (BFSI) companies represent their customers through various platforms. Customers demand the service at all touchpoints, including internet, app, IVR banking, in-person banking, and personal banking, among others, which is not only smooth but also highly customized. Following the advent of digital platforms, millions of customers often visit bank branches to carry out various forms of transactions, including withdrawing or transfer of money, upgrading their passbooks, opening a fixed deposit or trading account, or borrowing. </p><p></p><h3><strong>Retail and e-commerce</strong></h3><p>The retail sector is undergoing a significant transformation with the use of data analytics and Big Data technology. With the rise of e-commerce, internet shopping, and increasing pressure for customer loyalty, retailers are using customer analytics to stay competitive on the market. Throughout the retail industry, Big Data Analytics is used at any stage of the retail process to consider consumer behavior, forecast demand, and optimize pricing.</p><p></p><p>Most of the retail customer applications are for system-wide cost reduction, improved online and in-store customer experience, data-driven adaptive supply chains, and real-time analysis and targeting. In terms of use, big data analytics in the retail industry was categorized as merchandising & supply chain analytics, social media analytics, consumer analytics & operational intelligence found in small and medium-sized businesses to large-scale organizations.</p><p></p><h2><strong>Current trends and future potential for customer analytics</strong></h2><p>The potential of the customer analytics sector has promised an ever-increasing growth for the industry and its applications. In the coming years, businesses will be able to merge data sources. For example, they will be able to take their user experience data and merge it with their phone call research, customer service, and use it to make more precise judgments on customer behaviour. </p><p></p><p>Further, artificial intelligence and machine learning will increasingly be used to customize products and services and to tailor the user experience to the specific needs of the customer. The amalgamation of an increasingly complicated environment, the enormous proliferation of data and the growing need to stay at the forefront of competition have driven organizations to focus on using analytics to guide strategic business decisions.</p><p></p><p><strong>Free Valuable Insights:</strong> <a href="https://www.kbvresearch.com/news/customer-analytics-market/">Global Customer Analytics Market to reach a market size of USD 29.8 billion by 2026</a></p><p></p><p>Business analytics helps managers understand their company dynamics, predict market trends, and manage risks. Instead of going with the gut when managing inventory, pricing strategies, or hiring talent, businesses adopt analytics and rigorous statistical analysis to make decisions that boost performance, risk management, and profits.</p></div>Airway Clearance Systems Technological Trends and Innovationshttps://globalriskcommunity.com/profiles/blogs/airway-clearance-systems-technological-trends-and-innovations2020-05-08T10:24:33.000Z2020-05-08T10:24:33.000ZKBV Researchhttps://globalriskcommunity.com/members/KBVResearch<div><p>Adoption of airway clearance devices to treat cystic fibrosis, neuromuscular, bronchiectasis is expected to drive the growth of the market. These devices help with the expansion of the lung and clear the accumulation of excess mucus thereby allowing the patient to breathe properly. The use of various forms of airway clearance devices is expected to see a rise with the widespread high prevalence of cystic fibrosis.</p><p></p><p><a href="{{#staticFileLink}}8028317460,original{{/staticFileLink}}" target="_blank"><img src="{{#staticFileLink}}8028317460,original{{/staticFileLink}}" class="align-center" alt="8028317460?profile=original" /></a></p><p></p><p>Improvement in healthcare policies in different countries has increased the affordability for various medical and treatment facilities, which in effect has improved people's life expectancy. The burgeoning aging population would boost the number of people diagnosed with asthma and COPD. The overall treatment of asthma and COPD after age 65 is highly crucial and troublesome. People over 65 who have been diagnosed with asthma and COPD cannot take liquid medication.</p><p></p><h2><strong>What are airway clearance systems?</strong></h2><p><a href="https://www.kbvresearch.com/airway-clearance-system-market/">Airway clearance systems</a> are physical or mechanical methods to simplify the elimination of tracheobronchial phlegm by external or internal airflow control and phlegm removal through coughing. These products release the thick, sticky mucus of the lung so that coughing can clear it. Clearing the mucus from the airways helps to reduce diseases in the lungs and improve lung function. These airway clearance systems are used to treat various conditions such as emphysema, cystic fibrosis, neuromuscular, bronchiectasis, and others.</p><p></p><h2><strong>Types of airway clearance systems:</strong></h2><h3><strong>Positive Expiratory Pressure (PEP)</strong></h3><p>PEP therapy is intended to help open narrowed airways with air pressure. PEP therapy requires a mouthpiece or mask attached to a regulator, where the patient is advised to breathe naturally, but to remove the air more vigorously than they would usually do, helping to bring the mucus out. Adjunctive treatment using a supportive expiratory pressure (PEP) system increases the duration of hospital stays in patients using acute exacerbation of chronic obstructive pulmonary disease (AECOPD).</p><p></p><h3><strong>Intrapulmonary Percussive Ventilators</strong></h3><p>Airway clearing methods are frequently suggested as part of the management of chronic obstructive airway diseases. Intrapulmonary percussive ventilation (IPV) is used as an airway clearing procedure in patients affected by unnecessary lung secretions.</p><p></p><p>Intrapulmonary percussive ventilation (IPV) is the product of high-frequency percussive ventilation, which was originally used to treat respiratory distress following smoke inhalation or burns. It is a pressure-limited, time-cycled, high-frequency ventilation mode that delivers sub physiological tidal volumes. After its conception, IPV has been increasingly used in patients affected by prolonged respiratory secretions or for the treatment of atelectasis.</p><p></p><h3><strong>High-Frequency Chest Wall Oscillation (HFCWO)</strong></h3><p>The HFCWO technology is used to produce a fast-repeating air pulse, alternately gripping and relaxing the upper body. Each squeeze simulates a "mini cough," which helps to remove the mucus from the walls of the airways and then move it to the wider airways where it can be coughed out. The device is designed to optimize convenience and ensure ease of use.</p><p></p><p>Like any treatment, the aim is to ensure the quality of life and so we have uniquely built a single hose system that lets us handle a smoother start and an accurate inflate and deflate. This technology increases the patient's comfort. The soft-start allows patients to properly acclimate to therapy so that they are not given a quick hard 'hug' and the aggressive inflate and deflate acclimates the patient to therapy by allowing the clothing to contour the chest cavity.</p><p></p><h2><strong>Airway clearance systems applications:</strong></h2><h3><strong>Airway clearance systems for emphysema</strong></h3><p>Emphysem is a lung disease that causes shortness of breath. Airbags in the lungs (alveoli) are impaired in people with emphysema. Over time, the inner walls of the airbags are cracking and breaking — creating wider air gaps instead of much smaller ones.</p><p></p><p>A portable system facilitates flexibility for patients who are more mobile and who want to maintain mobility. Patients will wear the device when cooking, going to the garage, gardening, and planning for the day. The benefit of a mobile product is that it lets the user perform therapy when doing everyday life activities. The program helps patients achieve a higher quality of life when dealing with chronic conditions such as COPD.</p><p></p><h3><strong>Airway clearance systems for bronchiectasis</strong></h3><p>Bronchiectasis is an incurable respiratory disease characterized by excessive swelling and enlargement of the bronchi and bronchioles, the larger airways of the lungs. Effective treatment of this disorder may increase the quality of life of a patient and the related symptoms, and respiratory therapists (RTs) may play an important role in the care of patients with bronchiectasis.</p><p></p><p>Airway clearance systems can have positive effects on patients with bronchiectasis. Airway clearance treatment is a vital aspect of the routine control of bronchiectasis, improving the opportunity to clean up secretions and reduce respiratory problems during the day. Both results help reduce the risk of contracting a person's chest infection and increase the likelihood of sustaining a successful workout and activity regimen that encourages a healthy respiratory reserve.</p><p></p><h3><strong>Airway clearance systems for neuromuscular applications</strong></h3><p>Respiratory dysfunction is the leading cause of morbidity and death in patients with neuromuscular and neurological disorders and elderly patients with decreased lung capacity due to the weakening of the respiratory system along with natural aging. Although the normally stable elderly patient is typically asymptomatic, their pulmonary capacity is often weakened in difficult conditions such as chemotherapy, infection, or exacerbation of a comorbid condition.</p><p></p><p>The failure to remove effectively stored secretions and to resist aspiration leads to this compromise. While no secretion-management treatment has been established as having particular relevance to the elderly, physicians must be vigilant to consider the needs of the elderly to avoid the creation of respiratory compromises. Patients with the neuromuscular disorder are often unable to generate effective cough to stimulate and evacuate secretions.</p><p></p><h2><strong>Airway clearance systems technology advancements and industry trends</strong></h2><h3><strong>Increasing prevalence of Lung diseases such as COPD</strong></h3><p>Chronic obstructive pulmonary disease (COPD) is a chronic life-threatening lung disorder that causes breathlessness (beginning with exertion) and predisposes to aggravation and severe disease. In 2016, the Global Burden of Disease Study revealed a prevalence of 251 million COPD cases worldwide. Globally, it is estimated that the disease caused 3.17 million deaths in 2015 (that is, 5 percent of all deaths worldwide in that year). In low-and middle-income countries, more than 90% of COPD deaths have been recorded. Exposure to cigarette smoke is the leading cause of COPD. Many risk factors include exposure to air pollution indoors and outdoors, and occupational dust and fumes.</p><p></p><h3><strong>Artificial Intelligence (AI) in healthcare to improve cystic fibrosis treatment</strong></h3><p>About 100,000 individuals worldwide have cystic fibrosis (CF). People born with a disease have an estimated life expectancy of just 40 years. CF is a genetic disease that affects the body's various organ systems. Nonetheless, it's generally a lung condition that shortens life expectancy. Mucus covers the airways in the lungs, providing a perfect condition for infection and inflammation. Such processes of infection and inflammation eventually destroy the lungs to such an extent that transplantation is the only treatment alternative.</p><p></p><p>Optimal clinical treatment of inherited genetic disorders, such as cystic fibrosis (CF), involves a complex solution such as artificial intelligence. Technology updates treatments to meet the changing nature of the disease and to customize medications and dosages for specific patients. The chronic progressive nature of CF and variability among patients have contributed to difficulties in designing optimal regimens. Adaptive individualized treatment offers a method as a way of meeting these goals.</p><p></p><h3><strong>Airway clearance systems demand during the coronavirus pandemic</strong></h3><p>A coronavirus strain that has just been detected is called SARS-CoV-2. The disease it causes is called Coronavirus Disease 2019; or COVID-19. Although the virus was first detected in China, it can, like other viruses, be transmitted to and from anyone. Common colds are caused by coronaviruses, as is the case for many respiratory disorders that have been seen in the past, including SARS and MERS. The virus is thought to spread through contact between those in close contact with each other, or respiratory droplets while a person is coughing.</p><p></p><p>Transmitting the virus from a contaminated surface might be possible, although this is not thought to be the primary way the virus spreads. The number of confirmed COVID 19 cases has been increasing over the last few days and there is no doubt it will continue. As someone with such a chronic lung disease and a weakened immune system, considering the introduction of airway clearance systems has become important for humans. With the spread of such a virus and many other forms of flu, a regular airway clearance becomes necessary.</p><p></p><p><strong>Free Valuable Insights:</strong> <a href="https://www.kbvresearch.com/news/airway-clearance-system-market/">Global Airway Clearance System Market to reach a market size of USD 774.7 million by 2025</a></p><p></p><h2><strong>The bottom line</strong></h2><p>In most chronic lung disease cases, their health relies on the continuous removal of airway secretions. As such, emerging technical advances in this field are important for healthcare practitioners to optimize patient satisfaction and outcomes, improve respiratory safety, and reduce costs. Recent developments, such as moving towards home healthcare, have shaped these new technologies and will continue to impact the industry in the future.</p></div>The Role of a Cash Management System Amid the Tech Trends of Bankshttps://globalriskcommunity.com/profiles/blogs/the-role-of-a-cash-management-system-amid-the-tech-trends-of2020-03-24T05:53:07.000Z2020-03-24T05:53:07.000ZKBV Researchhttps://globalriskcommunity.com/members/KBVResearch<div><p>Given the fact that some people are asking for an end to cash transfers and some companies are preferring to go cashless, cash transactions are still commonplace. <a href="https://www.kbvresearch.com/cash-management-system-market/">Cash management systems</a> are integrated tools designed to help businesses handle cash processing from end to end. Most cash management programs are created to help from the point of intake to reconciliation. They can streamline the process, which has numerous benefits for businesses.</p><p><a href="{{#staticFileLink}}8028316467,original{{/staticFileLink}}" target="_blank"><img src="{{#staticFileLink}}8028316467,original{{/staticFileLink}}" class="align-center" alt="8028316467?profile=original" /></a></p><h2>What is a cash management system?</h2><p>A cash management system helps to manage cash inflows, outflows and cash flows within a company. It also encompasses the financing of the deficit and the investment of surplus cash to ensure an optimum cash balance. Cash management processes begin when the customer writes cheques to pay the company's receivable account. The function ends when the supplier, employee, or government receives money from the company on an account payable or accruals. The basic issue of cash management is to allow the company to retain adequate liquidity while at the same time enhance its profitability.</p><h2>The adoption of the cash management system technology across the banking sector</h2><p>Now that the banking landscape is transitioning to self-service models, banks are investing extensively in banking software that ensures ease of usability, is reliable and fortified with advanced security features. A larger focus is being oriented on the advancement of a cash management system, which includes high volume transfers between various accounts. It is expected that the Digital Transaction Banking market will generate an exponential level of revenues in the coming years. Since smaller banks and enterprises are growing in terms of strength, their increasing asset size is predicting a sharp rise in cash management.</p><h2>Technology trends and the future of banking</h2><h3>Payments Infrastructure</h3><p>Payments infrastructure will always be the most dynamic area of disruption in the banking sector. Driven by changing trends and technical developments, technological advancements in the payment industry will intensify. Acknowledging the continuous development of a cash management system, technology is projected to shift everything from a range of different products to part of all that users do. Data and innovations will be the driving force behind the differentiation and the dynamics of payments will change.</p><h3>The increasing presence of digital banks</h3><p>In recent years, neobanks such as Chime have started to target millennials. Furthermore, fintech such as Kabbage focuses on business liquidity, and big tech companies such as Apple and Google have entered the financial services landscape. In response to these disruptive measures, more banks and credit unions are planning to launch digital labels in 2020 to further attract new clients and members.</p><p>Digital is now the default contact point for most customers, making this approach an efficient way to attract deposits and extend the geographic footprint of an institution. For digital banks to be efficient, institutions must ensure that digital experience is convenient, intuitive, and provides a significant differentiator.</p><h3>Digital transformation</h3><p>The recent trend towards digital-first banking reflects a significant change in thinking. Traditionally, companies used to work in silos, creating challenges and additional costs in the back office, and inconsistent, disappointing customer service. Legacy technology hinders institutions' ability to easily evolve, rendering it impossible to keep pace with emerging rivals. New-age technologies like a cash management system now can "de-channel" fragmented processes within an organization. As the race for deposits and new account relationships escalate, customer or member experience will overtake channel supremacy.</p><p>Over the coming years, more institutions will automate and streamline channels by using tools such as API layers to connect customer and member profiles, thereby lowering costs and enabling more robust and seamless banking experience. This approach enables banks and credit unions to seamlessly unite digital and physical experiences, delivering customized, responsive experience independent of touchpoint.</p><h2>Innovations in cash management systems that expand their industry-wide presence</h2><h3>Open Banking/APIs</h3><p>From the era of proprietary applications, private APIs and close networks, banking has just become increasingly open to technologies such as open APIs, Fintech collaborations, cross-industry partnerships, regulatory changes such as PSD2, etc. These technologies affect all aspects of banking and corporate banking, too, needs to be digitally activated and API ready. Multi-bank cash management, which currently takes hours or days to handle, is set for a major transformation with APIs that will change the way a cash management system operates.</p><h3>Artificial intelligence and advanced analytics</h3><p>Getting the correct amount of knowledge is crucial to make informed decisions. The use of artificial intelligence and advanced analytics in the cash management system is on the rise because it helps ensure the availability of data and knowledge around the business to make informed liquidity decisions. Predictive and prescriptive analytics will allow companies to extract the vast volumes of data they need to further boost their sales output and financial performance. Predictive analytical techniques such as predictive analysis, rich data modeling, real-time analytics, and scoring can be used to predict patterns in forecasting.</p><h3>Communication and commitment will play a central role</h3><p>Top executives are realizing that committing themselves to the cause is incredibly necessary for effective cash management. The cash flow management system technology is expected to become a priority for senior staff in 2018, as this, in turn, would enable them to effectively manage the gap between their objectives and the overall performance of the company. More companies prefer a stripped-down approach to the cash flow control that eliminates both buffers and assumptions to accurately express the company's exact liquidity position. It also implies that an independent company and divisional heads understand the value of cash flow management and take effective action to work towards a common objective.</p><h2>Industry insights</h2><p>Aug-2018: Oracle added Transaction processing features to its Autonomous Database Cloud. With additional features, the database can be customized for transactions. Oracle Autonomous Transaction Processing offers a self-driving, self-securing, self-repairing database operation that can be instantly scaled to satisfy the requirements of mission-critical applications.</p><p>Oct-2018: Finastra, a UK-based financial services company, launched PAYplus, a premium cloud-based instant payment offering for small to medium-sized banks. The solution meets the rising needs for immediate payment processing. The Fusion Global PAYplus solution can support immediate payment processing, such as high throughput all day, every day and end-to-end transaction times in seconds.</p><p>Nov-2019: SAAS, a cloud-based, Sage Intacct accounting product, was launched by Sage Group in the UK market. The product offers a robust suite of applications for accounting and financial management. This company has marked its extension to the United Kingdom.</p><p>Nov-2019: Finastra launched Fusion Treasury Essential, a packaged solution. This solution has been developed for banks that do not have a dedicated treasury system but are thinking about automating and modernizing their treasury functions. This solution is ideally suited to banks with insufficient IT resources.</p><p><strong>Free Valuable Insights:</strong> <a href="https://www.kbvresearch.com/news/cash-management-system-market/">Global Cash Management System Market to reach a market size of USD 20.6 billion by 2025</a></p><h2>To conclude</h2><p>The cash management system market is witnessing developments in technologies that lead to a range of revolutionary changes in the power and reach of corporate cash management through newly versatile business solutions. To better understand the future advantages, the implementation of industry standards for authentication, configuration, file/message format, and the content will be of significant importance in creating a new environment for corporate financial processes.</p></div>What Is Geomarketing? Why Is It Crucial For E-commerce Retailers?https://globalriskcommunity.com/profiles/blogs/what-is-geomarketing-why-is-it-crucial-for-e-commerce-retailers2019-06-03T05:48:28.000Z2019-06-03T05:48:28.000ZKBV Researchhttps://globalriskcommunity.com/members/KBVResearch<div><p><a href="{{#staticFileLink}}8028292697,original{{/staticFileLink}}" target="_blank"><img src="{{#staticFileLink}}8028292697,original{{/staticFileLink}}" class="align-center" alt="8028292697?profile=original" /></a></p><p>In the past, planning a business strategy was extremely difficult and expensive weeks of study have taken a lot of time in search of information, reports, and forecasts were like the toss of a coin. But, modern technology can easily display data on a Map, generate reports and predict reliable future scenarios.</p><p>It is crucial that recurrent customer purchasing behavior trends are identified in a complex system, such as the modern economy, to estimate future expenditure patterns. The concept of geomarketing is becoming increasingly important in the business environment. It is nothing new, but a revolutionary tool in strategic decision-making because of the advances in GIS technology and a large amount of data, such as Big Data or Data Science.</p><p><strong>What is Geomarketing?</strong></p><p><a href="https://www.kbvresearch.com/geomarketing-market/">Geomarketing</a> consists of geographical information and business information being studied and carried out to develop efficient marketing plans and strategies. In determining and analyzing the behavior of customers the geomarketing study focuses on different geographical conditions and aspects. Therefore, marketing planners rely on this geographic analysis to develop marketing strategies which are effective in attracting target customers.</p><p><strong>Why do we need Geomarketing?</strong></p><p>In today's environment, not only the target public but more precise segmentation of their exact physical location are the defining factors for the development of a marketing campaign. This is vital if a successful campaign is to be carried out. This segmentation can be optimized with the help of geomarketing. Geomarketing enables those customers who have a need that is not being met or poorly addressed, or customers who are interested in a service like that offered by a company, to be located on the map.</p><p>For large enterprises as well as small and medium-sized enterprises, geomarketing provides exponential results. In all industries and places, the geolocalized definition of the target population offers businesses benefits. The results are short-term however the benefits are for the long run. Geomarketing allows access to a large volume of very relevant and easily extracted information. It enables companies to undertake market research on, inter alia, fewer resources so that they can analyze competition indirectly and comfortably from the Internet.</p><p><strong>How can Geomarketing enhance the capabilities of a business?</strong></p><ul><li><strong>Increase sales with the information obtained</strong></li></ul><p>Geomarketing offers a wide range of customer information, information on the competition and new business opportunities. The management of the company is responsible for assessing, processing and increasing sales. Information is power, as can be said, and geomarketing is information.</p><ul><li><strong>Know your customers in-depth</strong></li></ul><p>Knowing who your customers are in a business is essential, as this will influence your sales, placement or communication with the products you sell. With geomarketing, you can create very complete client profiles: who they are, where they live, how they travel to your business to buy habits. Companies can also discover patterns of behavior based on certain criteria, which help them to offer exactly what is needed.</p><ul><li><strong>Optimization of the commercial network</strong></li></ul><p>If several establishments are opened in different geographical areas, geomarketing provides a series of information and data about their economic performance and market share. It is important to evaluate which actions are needed to be taken. For example, whether there is a need to close a shop or modify a marketing strategy in order to make the potential customers turn into real customers.</p><p><strong>Click Here For Free Insights:</strong> <a href="https://www.kbvresearch.com/news/geomarketing-market/">https://www.kbvresearch.com/news/geomarketing-market/</a></p><p><strong>Geomarketing through various technologies:</strong></p><ul><li><strong>Bluetooth</strong></li></ul><p>Companies can connect to their customers' smartphones using portals. Although the technology calls for specific mobile applications and user consent, it is an impressive way of bringing content to customers without an Internet connection.</p><ul><li><strong>Global Positioning System</strong></li></ul><p>GPS or Global Positioning Systems is a satellite-based satellite network navigation system. Despite being a highly efficient mode technology for geomarketing, GPS signals can be partially blocked by things such as high buildings in urban areas, changes in the atmosphere, and electronic interference due to their reliance on satellites. This delays and can interrupt a marketer's experience with its clients.</p><ul><li><strong>Wi-Fi</strong></li></ul><p>It is also possible to use Wi-Fi access points as transmitters. If the user enters the Wi-Fi area of a mobile app or leaves it, location actions can also be activated. In addition, locating data is critical to boosting the efforts put in by hotels and resorts. Companies can use location information to identify similar profiles and detect guests who are on a business trip, recreation or local trips to provide them with enhanced services and personalized experiences during their stay.</p><p><strong>What’s trending?</strong></p><p>Today geomarketing is the most powerful method of marketing to promote or sell a product or service. Companies bring their visitors closer to becoming the leader, customer or user of customer services by using words, images or any other geo-based content. A plethora of GIS analysis reveals hidden insights into the data once customers are placed on a map to give a comprehensive picture of the market. Companies can basically geolocate customer behavior and analyze it. Understanding an area's potential brings them a step further in developing faster and better, seamless plans to transform the business model into multi-channel marketing. The global Geomarketing Market is estimated to emerge at a CAGR of 28.4% in the near future.</p></div>