Human Resource Management (HRM) systems are integral tools for modern businesses, designed to streamline and optimize various HR processes within an organization. These systems encompass a range of software and technologies tailored to manage crucial HR functions such as recruitment, employee onboarding, performance management, training and development, payroll, and employee benefits administration. In the fast-paced
In today’s digital world, keeping sensitive information safe from cybercriminals is essential. The cyberattack surface in modern organizations is growing rapidly as hackers are continuously improving their tactics and the organizations are challenged to keep up with the ever-evolving threat landscape. Artificial Intelligence (AI) is transforming the cybersecurity landscape. AI and Machine learning are now
In a world where nearly 40% of the population have inaccessibility to clean water, technology can play a quintessential role in ensuring the sustainable management of water and its availability. Digital transformation can be an excellent opportunity to improve the maintenance and management of water infrastructures and services. Technology enables water utilities to optimize processes, streamline
Predictive maintenance is a novel technology in the manufacturing industry, and it aims to minimize the costly downtime due to untimely equipment failure and lack of machine maintenance. It helps businesses to continue their operation and enhance their productivity by accurately analyzing the present condition of their machinery and predicting the need to maintain and
In 2021, the world witnessed an alarming 105% surge in ransomware cyberattacks, owing to rise in remote work and presence of compromised IoT devices. As the cyber security threats are increasing at a significant rate, organizations are investing in IoT security solutions to safeguard against ransomware, malware, and phishing threats. Rise in adoption of cybersecurity
As consumers increasingly turn to digital methods for managing their finances, the fintech industry has been registering significant growth in recent years. The growth of e-commerce, rising smartphone penetration, and the emergence of digital payment options are contributing to the rising fintech market value. In 2020, the global fintech market was valued at USD7301.78 billion, owing
As industries are undergoing a digital revolution, digital twin technologies are introducing new and innovative ways for product designing, operations, and post-sale services. Digital twins combine IoT, artificial intelligence, machine learning, and deep learning to provide a rich and real-time view of an organization’s processes and assets. Digital twin deployments are mainly driven by safety,
The mining sector has moved beyond the use of explosives and mechanized equipment introduced during the Industrial Revolution. Over time, mining techniques and technologies have evolved and improved, contributing to better practices and strong industrial growth. Currently, the mining industry is under pressure due to declining demand, price volatility, increased costs, undervalued product estimates, growing
With the increasing demand for electronic devices, the world is witnessing a huge demand for semiconductors and microprocessors, adding to their market growth. However, a grave chip shortage has been witnessed over the past year that has caused delayed delivery and price hike of multiple products across the globe. This has led many market players
The LED industry certainly takes the lead when it comes to driving innovation, developing new technologies, and making frequent breakthroughs. Over the past decade, the LED industry has witnessed a major transformation, and the market is still growing at an exceptional rate, attributed to the factors such as new product developments, rising demand for energy-efficient
