Blockchain, Bitcoin, Fintech… it’s a brave new world

If one technology or concept has driven attention at Fintech 2016, it’s certainly the Blockchain Technology, upon which the Bitcoin crypto-currency is based. This technology was the topic of the Wednesday’s lunch which was immediately followed by a discussion with a panel of high-level international experts.

Fintech Montreal 2016 was presented last Tuesday and Wednesday, on the 20th and 21st of September, at the Palais des Congrès and as expected the Who’s Who in the world of finance in Québec was attending. The program was well structured including of course, a « Startups » moment, just as every event worth attending does. God knows, Fintechs are worth the detour since they rock the Finance & Banks processes big time, invading a field which used to be exclusive to some, proposing simple, fluid and mobile enhanced solutions, in short, much more efficient; just think of the new “Mobile Money” paradigm and Mobile Banking!

In short, according to all these experts, the Blockchain Technology will revolutionize the field of Banks and Finance in the next few years and this revolution, although still pretty much invisible to the majority, has already started.

Why and how?  Let’s see!

(more…)

Mobile Banking Services – 5 Trends and 5 Insights around the world

Mobile Banking Services, or Bank on-the-go if you prefer, is getting so strong in some countries and with some segments of population like the Millenniums that Banks must now act quickly to understand its trends and become key players to profit from it.

One of the key factor of Mobile Banking Services growth is the high penetration level of Smartphones in Western countries where 50% of owners have been using a mobile banking application. All major Banks in North America have deployed or developed Mobile Banking Services in recent years which a large part of their Clientele is using.

In countries where a large proportion of the people is unbanked, cellular phones are being used as a commercial vector of all sorts!

“Banking is essential, not Banks,” famously said Bill Gates, CEO of Microsoft, in 1994.

(more…)

Disruptions in Banking and Financing on the horizon, brace for impact

Major disruptions in Banking and Financing on the horizon; thanks to new technologies from Big Data Analytics to Mobile Apps that are reshaping this sector at a fast pace, resulting in new ways for companies and customers & consumers to interact, to manage their money and to conduct transactions.

Global investment in Fintech ventures hit $5.7 billion in the first quarter of 2016, and about half the funding went to projects in Asia, primarily in China. “The reason funding is taking off now is that the four platforms – Mobility, Big Data (IoT) and Analytics, Blockchain Technology (Bitcoin) and Machine Learning (AI) – are in their infancy,” said Catherine Wood, CEO of ARK Investment Management (US) at the Annual Meeting of the New Champions in 2016.

The fact is that Banking and Financial Services is one of the largest industries that is still not fully digitalized. In this field of activities, the technological revolution has just begun.

So let’s see what we’re up to and what major disruptions we may foresee.

Overview of upcoming disruptions in Banking and Financing

(more…)

CTOs and CMOs must create data models to reveal the magic of Big Data

Everybody knows that, Big Data comes with its data cleaning and labeling issues prior to revealing its magic, you have to properly feed the Big Data visualization tools with the right data. That’s for Big Data.

But what about enterprises, what’s their excuses for not making the most of their data and not acting upon priceless customer insights provided by their, who knows, BI experts, Dashboards Metrics, IT Consulting Firm, CRMs, Databases drilling, etc.? None really, considering the incredible technology budgets CMOs have been granted in the last decade or so… because, let’s be honest, the responsibility mostly falls on the shoulders of CMOs, they’re the ones that should be looking for such valuable data to enhance the customer experience and better understand the customer journey.

But the fact is: “only 28% of businesses believe they are generating strategic value from the data they collect,” based on numbers from Business News Daily. Blame it on the CMOs. Well, that’s what C-suite’s have been doing, grading them only “C” in 2015, in terms of efficiency. (source: VisionEdge Marketing)

So, the pressure is on for CMOs to get good at data… very good and very fast!

(more…)

Your IT Consultant can help you solve the Big Data problem

The main Big Data problem today is that data still has to be labelled and categorized manually and this is what keeps the marvels of Big Data out of reach for most enterprises. Some may argue there might be an even bigger Big Data problem for businesses operating in th real world.

Big Data is getting… well, pretty big, especially when coupled with IoT. It is expected to change the landscape of Marketing, and of the way businesses do business, by enabling predictability of sales and customers’ needs and expectations, thanks to real-time analysis and visualizations of huge amount of structured and unstructured data gathered from the digital realm (mobile apps, web, website, social media, etc.).

And that’s great if you’re a large company with large resources, with big budgets and big clients, mostly operating in the digital world and producing huge amount of data to dive into so to extract those Marketing Intelligence pearls that will provide you with a competitive edge.

Many predict that Big Data-savvy will be a must of the next generation CMOs’ successful profile.

(more…)

The Big Data promise! Do you believe it? Really?

Most companies, even if they don’t know it, already have way much more data than they can efficiently handle; they are literally drowning under data! So, do you believe the Big Data promise? That it’ll make a difference in your business performance and profits?  Not so evident!

But first, let’s see what we are talking about?  What is Big Data?

And when did it turn out to be BIG?

The true nature of Data and the Big Data promise

Data comes in two forms: structured and unstructured. When you join the two, it becomes Big, really BIG.

(more…)

How to make an iOS 10 iPhone App

Part 1 – The design before Xcode

Here at Analystik, we have done a case study for the creation of an iPhone application using the Xcode development environment. We searched online and couldn’t find a good step by step tutorial of the process, so we decided to create one for you. Here it is ! At first, this part concentrates on the early stages before you get into Xcode, so these steps are the same for an iPhone, Android or Windows (with some differences in the exportation of files).
(more…)

Intelligence, did you say? What KPIs and not even Big Data will ever tell you!

This is Big Data era right? And everyboy is just so happy with all this new Intelligence pouring in and all these KPIs literally falling from the skies which will all of a sudden enlighten us and magically empower us with infallible decisions and grant us assured success, right?

And we’re all writing down new figures of « big-data augmented » sales and revenues and God knows just how fantastic everything will be from now on for us all!

Well, the thing is I don’t want to kill it for you all but really, don’t you feel that as CXO we’re all already pretty much flooded with data, information et metrics of all sorts?

Two considerations I’d like to submit to you.

Question of Intelligence, what KPIs and not even Big Data will ever tell you!

(more…)

Plea for an IT Business Partner or adopting the Startup attitude when facing challenges and problems

Does the IT function receive all the credit it deserves? Not really!  Surprising, considering IT key role and technologies’ contribution to business success. Maybe business leaders should start adopting the Startup attitude when facing new challenges or consider someone who does as a real Business Partner, like IT Consultants. Here’s why?

I understand that all CFO, CMO and CHRO will tell you that their function is the most valuable within the enterprise but one can’t fail to see that without IT, all these guys would be in trouble, right… or elsewhere!

Nevertheless, even 15 years later, the year-2000 bug still feels like a big knot in the throat for most C-levels, CTOs & CIOs have lost a lot of credibility there. On the other hand, slowly but surely, CTOs & CIOs are slowly gaining higher decision-levels within enterprises.

The CIO & CTO Dilemma regarding its IT Business Partner

(more…)

Analystik’s Approach to Cross-Platform Application Development

The new cross-platform application development paradigm has confronted developers with a multi-OS and multi-device heteroclite environment (iOS, Android, PC, Web). And of course, everyone was looking for high-performance cross-platform multi-device deliverables!

Saying that the application development landscape has greatly evolved over the last few years would definitely be an understatement, be it mobile or back-end and front-end. And always the performance challenge remained central over time, both in terms of development (to develop the fastest possible at the lowest cost) and in terms of application performance.

(more…)