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text 2018-07-20 08:53
The Digital Banking Benefits You Need to Know About

 

Many of us cannot imagine a life without online banking. Transfer of funds, checking of accounts, making payments, everything can now be done with a few clicks on the computer or the phone. Besides these benefits, digital banking offers a lot more to the public who want to open their eyes and see it. It is also crossing a lot of barriers to bring about real change in the world of banks. Recent advances in the banking and financial sector like blockchain, IoT, eKYC and artificial intelligence are all digitally-inclined. While banks, small and big, all over the world take the automated push, the above mentioned modern modes are all set to change the way we look at banking today. Here’s a peak in to what advantages does digital or online banking offer:

 

1. Easy-Peasy: Though Digital Banking has not entirely replaced the brick and mortar banks; it is definitely the more preferred option. Long queues have been cut and reasons to visit a bank in physical have reduced to almost none. Everything from opening and account to managing savings can be done online. Banks too are adding more and more services on their web portals that are refurbished as many times as needed. A virtual account in which you can actually view your monetary arrangements clearly has helped people have a more organized financial life.

 

Apart from this 24x7 online banking services is another added advantage for users who feel more in control of their accounts and finances.

 

2. Mobile Banking: Today most banks have their own mobile apps that provide all the advantages of online banking on the phone. The evolution from text alerts and phone banking to app banking services has been an important one. It is quicker and more convenient. Check up on your account when you are out shopping or conduct speedy real-time transfers when you are making a purchase, mobile banking is definitely making online banking easier.

 

3. Money Applications: After demonetization in India, money applications like Pay TM and TEZ have gained supreme popularity. These apps can automatically sync with one’s online banking information and helps in adhering to targeted budgets while shopping or purchasing. Many of these apps work on both the computer and mobile device for higher degree of information when one the go. E-statements are also important to be prevented from overdrawing one’s account.

 

4. Security: While online transactions are always marred with a certain sense of insecurity, experts believe that if one is careful there is no safer or private system. Firstly, clear cookies after any banking session at a public computer. Create long and complicated passwords that cannot be hacked. Don’t ever share your online account information with anybody. Always keep a track of your credit report. Prevent yourself from identity theft with these measures.

 

5. Cost-effective: For banks, digital banking has lowered the operating costs by eliminating back-office processing operations, fewer mistakes and fewer branch visits needed to less staff requirements. Yes, going digital does mean investing in a reliable and scalable IT infrastructure but it also means independence from legacy systems that often stall a bank’s progress. Apparently, banks are worried about investing in for a change but smarter businessmen always know that not investing in a change might prove to be costlier later.

 

These benefits of insignificant infrastructure and overhead costs helps banks to better serve their customers by lowering interest rates on savings and loans. No minimum balance accounts and no service fees is a result of such automated banking.

 

Meanwhile, digitalization in banking has already put a stop on several malpractices like circulation of counterfeit notes which has been a major threat to the economy since many years. Also, taking customer feedback has become easy now enabling the banks to give better services. Digital banking also means more digital data and this means that big data analysis can be carried out by banks to analyze data accurately. This will eventually lead to better decision making, more cost-effective solutions, and improved customer experience.

 

About US:

 

Digital banking also means more digital data and this means that big data analysis, for more information visit us at: Digital Banking AND mobile banking solution

 

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text 2018-07-18 10:30
Cloud metering and billing exactly how you want it!

 

Background

 

Cloud computing is not an option anymore, rather it is the standard for businesses to run their applications. Cloud computing helps orchestrate IT infrastructure and provide IT services as a commodity on a services based model. For businesses either renting these services or owning them privately, it is implied that the Cloud Service Providers provide insights with respect to resource utilization and metering for capital management and auditing.

 

Each cloud service provider has his own way of deploying resources and metering them, and that differs from the traditional IT business model, from procuring resources to providing them for deploying services. Improved IT infrastructure management, granularity in resource metering and ability to determine expenditure per service, changes the capital expenditure model to an operational expenditure model.

 

CIOs who know where their money comes from are in better control of their finances. Charge-back or show back can help to engage the business in IT spending and value, but the effort must be worthwhile. Some CIOs simply want to stop the business from consuming more and more IT while blaming them for the cost and asking them to make it cost less.

 

Well-implemented charge-back can make the relationship between spending and revenue more transparent and intuitive. This reduces the need for expensive governance committee meetings and management interventions, freeing the organization to focus on optimizing all business spending.

 

Charge-back is often a source of contention between IT executives and business leaders, but it need not be. CIOs can use charge back to transform their team's relationships with business stakeholders, improve financial transparency, and gain additional funding.

 

As a cost-center, IT budget always comes from charge-back against the organization's business revenue, even in cases where the IT organization does not directly charge back for IT services.

 

Organizations that lack financial transparency in their service delivery are vulnerable to time consuming audits and unbudgeted tax invoices.

Public cloud service providers, handle the overhead of managing IT hardware infrastructure while organizations can focus on their core business functionality. In private cloud set up owned by organizations, the entire stack is managed by the owner or outsourced to third party service integrators. In both cases regular insights on resource metering with respect to cost is required for planning and correct strategic decisions.

 

Efficient IT infrastructure management is incomplete without aligning IT resources with cost. It is also essential to map the consumption of these resources per user in order to determine efficiency and profitability. Gathering data and generating insights is necessary for continuous improvement and getting maximum returns on investments.

 

Multi-Billing in eNlight Cloud Platform

 

eNlight Cloud Platform goes out of the box with cloud metering and billing. Being a leader in cloud orchestration software, the platform provides IT infrastructure management, enables application deployment on virtualized resources, multi-tenant operations and multi or flexible billing models.

At the base level eNlight Cloud Platform provides virtual machine resources metering. Real time processor, memory, disk and bandwidth utilization is provided for static as well as dynamically auto-scalable virtual machines. These resources can be directly mapped with per unit utilization and that provides statistics with respect to monetary utilization of resources.

 

eNlight platform’s multi or flexible billing module combined with multi-tenant architecture, enables businesses gather monetary resource consumption statistics at a business unit, department and individual user level. The cloud platform provides multiple billing models that match almost all business models like:

 

  1. Dynamic Pay-Per-Consume
  2. Fixed Pay-Per-Use
  3. Service-Based Billing

 

Dynamic Pay-Per-Consume Billing

 

Charging resources based upon consumption against allocation is Dynamic Pay-Per-Consume billing. Dynamic Pay-Per-Consume billing leverages eNlight Cloud Platform’s Auto scaling technology to provide charge back mechanism for IT resources based upon consumption rather than allocated resources.

 

eNlight enables users to deploy auto-scalable virtual machines that scale dynamically as per resource requirement. Compute resources are allocated and deallocated from the virtual machine in real-time. Due to auto scaling virtual machines can run at bare minimum resources and can demand resources as and when required. For example, a virtual machine can run with minimum 2 vCPU and 2GB RAM at 02.00 am and can demand 4 to 6 vCPU and 12 to 16GB RAM in the peak time at 12 pm. This leads to dynamic resource utilization, having wavy resource utilization graphs.

 

eNlight Cloud Platform allows billing of such dynamic resources at the granularity of minutes. Dynamic virtual machines are provisioned with min / max resource capping. These virtual machines scale between the min / max resource caps. At any point the virtual machine would be consuming resources in between that resource capping. In this case dynamic Pay-Per-Consume billing allows dynamic resource metering and charge these consumed resources based upon the per unit rates defined in eNlight cloud platform’s charge back system.

 

The platform’s auto scaling feature enables achievement of greater server consolidation ratio while Dynamic Pay-Per-Consume Billing enables cloud resource metering based upon consumption of these auto-scalable virtual machines.

 

Fixed Pay-Per-Use Billing

 

Charging resources based upon allocation is Pay-Per-Use Billing. Essentially it is direct billing based upon the units allocated from the pool of cloud resources. As opposed to Dynamic Pay-Per-Consume billing, Fixed Pay-Per-Use billing charges resources based upon their allocation. This is the conventional billing model that the entire cloud market implements.

 

In eNlight Cloud Platform, a virtual machine with fixed resources can be provisioned which are known as Static Virtual Machines. For example, a VM with 8 vCPU and 12 GB RAM. The resource consumption of static virtual machine equals to the allocated resources. This leads to fixed resource utilization, where the resources can be charged on fixed flat rates.

 

Services-Based Billing

 

Charging tenants based upon service deployment is Service Based Billing.

 

In eNlight Cloud Platform, a service can be deployed in the form of group of related resources. For example, a mail service which consists of email server and backup servers; this group of resources can be charged flat based upon the charges and policies defined in eNlight Cloud Portal’s system.

Service-Based Billing is different from Pay-Per-Consume and Pay-Per-Use in a sense that it enables to set flat rates and charge group of services based upon these rates defined in the system. This flat charge-back model allows to group application deployments and resources under one common financial entity and simplify billing of related resources.

 

Conclusion

 

Cloud is de facto approach to deploy services and manage IT infrastructure, and having a clear view of resource metering from a financial perspective is critical. eNlight Cloud Platform provides multiple options a charge back models that suits almost all business requirements. Service Based Billing enables charging group of resources with fixed flat rates across different services deployed across departments or business units.

 

eNlight provides highly granular resource utilization metering which can be charged using Pay-Per-Consume and Pay-Per-Use billing models. Pay-Per-Use billing provides more control and better granularity in terms of charging IT resources. These resources are charged against static utilization while different rates per unit can be configured in the system. Dynamic Pay-Per-Consume billing model is exclusive to the platform which leverages eNlight’s patented auto-scaling technology to provide charge back mechanism for dynamically scaled resources in real time.

 

With eNlight Cloud Platform’s, multi-billing combined with multi-tenant architecture CxO’s can experience the next generation IT resource management from a single cloud management portal.

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review 2018-07-18 02:58
So much hidden meaning
The Intuitionist - Colson Whitehead

The Intuitionist by Colson Whitehead is included in the list of 100 titles chosen by American citizens for The Great American Read hosted by PBS. (More info on the books on the list and how you can vote for America's favorite novel can be found here.) In an effort to read more diversely (and to have the ability to recommend books for the adults in my branch) I started with this book as I had never heard of it despite it being listed as a 'classic'. The story follows Lila Mae Watson who is the first female person of color to be an Elevator Inspector. In the world created by Whitehead elevators are the height (ha!) of technology and the majority of the population see them as somewhat mystical and beyond the realm of ordinary comprehension. (There are even guilds which seek to elevate the status of Elevator Inspectors in society to those in political office.) Even more confusing to discern are the two distinct sects of theory as to the maintenance and future of these machines. One school of thought is firmly rooted in the reality of the technology while the other views them as metaphysical creations that can be 'sensed'. Lila Mae belongs to the second school of thought which further compounds the problems that she faces among her coworkers and the public that she encounters on her daily rotations. This sci-fi novel is rooted in the reality of race. What drives the story are the veiled discussions of race but it is told through the lens of technology innovations. It is ultimately a story of hope for a better world where we are 'elevated' from the weaknesses and barbarisms of our current reality. Whitehead challenges our perceptions of our accepted reality as he argues that established views are not solely based on what we see with our eyes. This is a book with a seemingly simple premise about elevator manufacture and maintenance in a world so very similar (and familiar) to our own but instead what we get is a complex discussion of race and how we can (hopefully) rise above. 9/10

 

What's Up Next: The Read-Aloud Handbook (7th Edition) by Jim Trelease

 

What I'm Currently Reading: When Breath Becomes Air by Paul Kalanithi

 

Source: readingfortheheckofit.blogspot.com
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text 2018-07-17 09:41
PoC Platform & Technology Market to Surpass US$ 45.4 Billion by 2025

The point-of-care platforms and technologies have significantly contributed to the transformation of healthcare landscape by bringing rapid diagnosis and monitoring tests closer, and making it more convenient for healthcare providers and patients. The test results obtained by electronic health records (EHR) assists in quicker diagnosis leading to faster decision making and early treatment onset. The POC tests and devices help alleviate various pain points of hospital-based healthcare providers who are under constant pressure for delivering cost and time efficient care that enhances treatment outcomes of patients. These rapid POC tests address the issues of latency in test results by facilitating accurate evidence-based triage and diagnostic decisions within fraction of time when compared to the time taken by centralized laboratory tests.

Click To Continue Reading @ PoC Platform & Technology Market

POC devices allow medical professionals to make decisions in patient’s vicinity, which results in significant healthcare delivery with faster results and immediate clinical management. The novel point-of-care tests (POCTs) offer diagnostic techniques for the prevention and treatment of infectious diseases such as HIV, Hepatitis B Virus, and chronic diseases such as diabetes, cancer, and cardiovascular disorders. According to the International Journal of Nanomedicine, in 2017, around 36.7 million people were affected by Human Immunodeficiency Virus (HIV) and around 400 million people were affected by viral hepatitis across the globe.

The survey also stated that with no reliable treatment for HIV infection, early diagnosis is a critical factor in managing AIDS patients, as it is a major cause for morbidity and mortality globally. Furthermore, the point-of-care technologies have enabled efficient monitoring of heart rate, inflammation threats, and heart failure that can potentially avert complications, reduce economic burden, and improve patient care across diverse medical and home care settings. According to the American Heart Association, cardiovascular diseases account for 17.3 million deaths per year globally and by 2030, around 23.3 million people are expected to die from CVD.

Increasing cancer and diabetes incidences is one of the major factors driving demand for point of care diagnostic tools and assays. Monitoring of glucose, hemoglobin, ketones, and other factors allows prevention and early detection of diabetes-related acute and chronic complications, and has a positive impact on the process of care and management of patients with diabetes. According to National Cancer Institute, in 2016, around 16.8 million new cases of cancer were diagnosed in the U.S., with around 595,690 deaths from the same disease. The number of people suffering from cancer is expected to rise to 19 million by 2024. According to the Global Diabetes Community, in 2017, around 422 million adults suffer from diabetes globally, where the number is expected to escalate to 642 million by 2040.

Dowload PDF Brochure of this Business Report @ https://www.coherentmarketinsights.com/insight/request-pdf/1501

Key Vendors:

Advanced Liquid Logic, Inc., Agilent Technologies, Axxicon Moulds Eindhoven B.V., Lifesensors, Inc., Abbott Laboratories, Siemens Healthineers, and LifeScan, Inc.

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Contact Us:

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Coherent Market Insights
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Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com

Visit our news Website: https://www.coherenttimes.org/

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url 2018-07-06 11:46
Efficient And Fully Managed Dedicated Server in UK

With our UK managed dedicated server we will manage all upgrades and security updates on your server. Also our dedicated server plans include full management, off server backups, and 24/7 support.

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