When it comes to business growth, some criteria are important: you need to develop your products and services in such a way they’re unique; so they are competitive in the marketplace as well as accessible to customers; and that they have instant potential to be rolled out across multiple markets. In our roundup this week on Spiceworks News and Insights, we bring you some interesting opinions on how Metaverse is useful for businesses, how digital transformation needs to be more sustainable, and knowing the key differences between RPA and Intelligent Automation. Read on below to know more.
The Metaverse and Businesses
Businesses and people are paying close attention to the metaverse. We’ve already tried it and failed, according to Avihay Feld, CEO and co-founder of Browzwear. He goes on to discuss the causes of the failure and how to avoid it in the future. Although the idea of the metaverse confounds some people and poses an existential threat to others, it is not very novel. Simply said, we have more advanced technology to provide immersive experiences. However, how these immersive experiences add value to the general public as consumers and to brands and organizations whose dollars will be essential to growth will determine if this is just another trendy fad or a genuine paradigm shift.
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Making Digital Transformation More Sustainable
Whether it’s white-label carbon calculation tools, finance options for farmers, or greener investment portfolios, the market for green fintechs is expanding. However, in recent years, green fintechs have concentrated on how open banking APIs may address environmental problems like the effects of technology on our climate and a move to a circular economy. The open banking movement has the potential to alter individuals, banks, and economies. Open banking APIs may result in more lasting digital transformation, according to Eric Horesnyi, SVP, API Platform EMEA at Axway.
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Differences Between RPA and Intelligent Automation
Employees are freed from the weight of boring, repetitive work thanks to intelligent automation and RPA, which enables them to concentrate on more inventive and creative tasks. The two ideas are not equivalent, though. While intelligent automation makes use of artificial intelligence (AI) technologies including machine learning, natural language processing, structured data interaction, and intelligent document processing, RPA often focuses on automating repetitive, frequently rule-based tasks. Both approaches increase customer happiness while lowering operational expenses, notwithstanding differences. This page discusses some further significant differences between the two technologies.
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Challenges to Overcome for the Metaverse To Succeed
The metaverse is still developing its goal of giving customers an entirely immersive virtual experience. According to Niall Norton, general manager of the network at Amdocs, there are still several major obstacles to be overcome in the areas of ubiquitous connection, edge computing, security, and the interoperability of many metaverses. Many people are considering the metaverse, but are we really prepared to support it? Each virtual environment is created by a different provider, but they are all seamlessly integrated into the metaverse. But if it still fundamentally lacks the elements of reality, how can it exist and support human experiences? Before we can all move to our shared meta reality, there are still serious hardware and security issues that need to be fixed.
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