Linggo, Hulyo 28, 2019

Banking, Finance & Technology...

THE GOOD THING ABOUT SAS ANALYTICS
By: Ver M. Garcia (Tech Blogger) & Teddy Cho (Photo Journalist)


SAS Analytics has EVOLVED and is continually evolving for the best. To avert disastrous effect and disruption of constant change in our environment, technology, human behavior, policy changes, we need to constantly acquire information, data and continuous training and development of trusted and capable personnel. To put it more aptly, if ignorance, prejudice, biases are the illnesses plaguing us then data acquisition, information sharing, training, and development is the cure.

SAS technology is always at par with any fin-tech (financial technology) companies engaged in analytics, machine learning, Big data, Data science, real-time marketing, Data integration, Data Quality, Fraud detection, Risk management, streaming analytics, retail analytics, and Text Analytics, and in the reality of the Digital transformation Artificial Intelligence, Cloud computing and storage. SAS is continually improving its services and evolving technological advantage. To be classified as a leader in analytics by a third-party researcher requires diligence, excellence, and experience just to meet the customers evolving needs and aspirations as well, to give the customer quality platform and service at the right time, place and reason.


SAS ANALYTICS PRESS CONFERENCE WITH TECH BLOGGERS AND MEDIA PRACTITIONERS.

The 21st. century brought forth many important advancements and innovations in our global communities. Competitions, globalization, and the advent of the 4th industrial revolution altered the individual outlook and perception globally so its but natural to adapt, be flexible and innovate. Therefore change will surely knock at your door so analytics and innovation, data management, digital innovations are a must for SMEs in order to survive the tough competition ahead. This means a huge and voluminous amount of raw, unstructured and complex data can be turned into solutions to counter the company's digital queries. Digital innovations and evolutions go hand in hand with SAS technology, you now have the capacity of using advanced analytics, business intelligence, data science, artificial intelligence tools at your fingertips. Training and development the SAS way is empowerment to companies big or small through greater productivity of your employees, efficiency through knowledge-based e-learning platforms of SAS. Its a good investment for the workforce and good employee retention and gain loyalty, trust and confidence.




Trust is earned through years of fostering a solid relationship and related to reliability, being truthful with integrity. Integrity is defined as " Doing the right thing even though no one is watching" which can also mean having the principle of being Decent that exhibits one's good character. Decent means "marked by moral integrity, kindness, and goodwill. "Trust is having the ability (ability and skills) to perform the services with the application of technology successfully."

BANKING AND NONBANK TECHNO FIRMS


Every time a businessman uses his/her credit card SAS analytics can tell in less than a second whether someone is making the purchase or an irregular charged is incurred, an indication of fraud.

The corporate world is in the middle of Global data and Data lakes that are exponentially upgrading itself and continually evolve revolutionizes to the complexity in size and quality. In the digital world obtaining data from people on what they buy, addresses, their names, and preferences are valuable information especially important in Data banking. Recently, despite the stringent Data privacy law in E.U. (European Union) Fintech companies were allowed access to vital data of banks clientele provided technology companies obtained the customer's permissions. These are some of the examples of data that are monetized online. Banks have known these for years and are now continually using data to improve risk analysis, make faster credit decisions and anticipates the client's needs. Banks are now facing stiff competition against financial technology (fin-tech) firms due to their (fin-tech firms) entry in the financial services including payment and lending. In Asia particularly in Singapore Nonbank techno firms are granted new digital bank licenses in order to strengthen the competition in the financial services.




The 4th industrial revolution(Digital transformation) introduced new technologies and concepts like artificial intelligence (AI), Cloud computing, Data Science and the Internet of Things that really enabled lenders to streamline their operations and evolved their services. In overseas banks in the Asia-Pacific market,  the emergence of online banking motivated them to reduce their branches because their clients are now more inclined to do online banking with their laptops and smartphones. But here in the Philippines, it's still too early to tell for banks to reduce their branches for two reasons: 1.) Many clients still prefer to trust and transact via branches and  2.) Poor internet Infrastructures in rural areas.



The rising popularity and interest in Artificial Intelligence (AI) applications requires carefully designed algorithm and decisions based on content makers world views, moral and ethical perceptions. The ethical issues raised by AI can be variable from one industry to another. AI, machine learning and robotics/RPA ( robotic process automation ) can accomplish a large number of digital tasks in processing voluminous data and can learn from the structures and regularities inputted data.SAS platforms encompass AI and machine learning capacities with the human component to learn fast and automate. Further developments in SAS technologies wherein one can program, re-program and even debugged machine learning models on structured and unstructured data given of any volumes and sizes. Data scientists learn from streaming input data for continuously improving predictive analytics. Business organizations can work together to ensure responsible  AI happens if and when C- suites are fully engaged when purpose-built applications are well-defined by clear business outcomes when IT and the leadership collaborate and cooperate to confront business and ethical problems together.

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"SAS (THE POWER TO KNOW) creates for one reason - so you can turn today's most critical challenges into tomorrow's great decisions," said Jim Goodnight, Chief Executive Officer of SAS.  Government leader explores using analytics for better policymaking, more effective legislation, targeted programs and services, and better use taxpayer dollars.. SAS invigorated.

Those who are interested in availing of their services such as Analytics, Business Intelligence, and Data Management may refer to their website and visits.. www.sas.com or mail inquiries at SAS Institute Philippines, Inc., 9th Floor Asian Century Center,  27th Street corner 3rd & 4th Avenues, Bonifacio Global Cities, Taguig, Metro Manila. (VerGarciaBlogs)






  

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