Business Reports

  The world is evolving at a rapid pace. New technologies are emerging at a neck-breaking pace. This evolution of technology and data has heightened regulators' expectations and intensified market competition. Advancements in technologies like cloud computing, artificial intelligence (AI), machine learning (ML), and open application programming interfaces (APIs) are also reshaping the data supply chains of financial institutions. This transformative landscape is compelling leaders in data and technology to consider significant modernization efforts in tools and infrastructure to stay abreast of these dynamic shifts. It becomes imperative to invest in a data management program that would lead to a fundamental transformation. By taking inference from Deloitte's “ Data Management ‘Now’ for Financial Institutions Investing in change ‘next’” article, we’ve collated some of the crucial data management trends in the financial services sector and possible agendas to combat the si

  2023 is ending, and we all acknowledge what a year it was. We saw a burst of opportunities, remarkable achievements and a surge in revenues for several companies. To honour these companies for their incredible contribution, Deloitte India's 2023 Technology Fast 50 Programme rewards the fastest-growing tech companies. It also celebrates businesses demonstrating consistent innovation, adaptability, and a unique ability to leverage technology for sustained growth. The Top 50 winners of 2023 exemplify resilience, ingenuity, and the spirit of creating formidable solutions that shape India's technological landscape. Started in 2005, the programme aims to recognize and applaud tech-enabled businesses on their three-year average revenue growth.  Over the years, Deloitte India has become the most coveted and awaited recognition for the tech entrepreneurs of the nation. The list encompasses some of the highly competitive, new-age, agile businesses that focus on revenue and growth to re

  Trust is a good business practice. Jim Blasingame T rust acts as the adhesive that binds all relationships together. It is the single most important factor that stakeholders look up to. Trust is an essential aspect of any relationship, be it personal or professional. This factor is an outcome of good intentions and competence, influenced by factors like capability, dependability, empathy, and transparency.   Trust has become one of the most concerning business issues across multiple industries. In a recent survey by Edelman, in the consumer industry, 81% of customers view trust as an important factor. Building trust is crucial for organizational performance, employee motivation, customer loyalty, and stakeholder satisfaction, regardless of whether it is the board or the CEO leading the way. According to a recent survey, an overwhelming 94% of global boards recognize the importance of trust in driving organizational success. It is evident that organizations that cultivate trust equity

  In the business world, finances serve as the lifeblood of enterprises. A company's financial strengths, weaknesses and opportunities lie on the shoulders of a Chief Financial Officer (CFO). They are regarded as the highest-ranking financial professional in an organization responsible for taking care of the financial health of the business. They strategize, overcome business challenges and look after the finance and accounting divisions to check the company's financial reports are accurate and in order. Also, they have to engage in investor relations, capital allocation, and managing financial teams to execute their duties effectively. CFOs have a multitude of responsibilities to take care of. To make them equipped, Deloitte has created an exclusive Chief Financial Officer Programme focused on empowering CFOs, and helping them manage uncertain times. We will delve into the details of the Strategic Financial Leadership Program offered by Deloitte, and what it provides to f

  Generative AI is the game-changer, marking the culmination of Internet search capabilities and promising to revolutionize various aspects of our daily lives and work.Generative AI enables creators and forms the foundation of innovation by generating data that simulates a genuine “real-feel” data experience. Gen-AI tools are used for creating content including audio, code, images, text, simulations and videos that give real-feel sense just like human-created artifacts. More than being a companion to creators, it has practical uses too, like creating new product designs and optimizing business processes. While similar claims have been made about AI in the past, the latest applications of generative AI continue to generate excitement. But there is no replica to human intelligence, therefore we should responsibly use generative AI. This piece of information will shed light on the concerns pertaining with Generative AI models: Challenges Faced in Generative AI in Risk Management

When the choice has to be made between good and the best, everyone will prefer the best. In the case of 5G, 4G or 3G, we all know what’s best for us. The fifth generation of mobile networks is said to be the next-best revolution in the connectivity world. The availability of ubiquitous high-speed internet connectivity can bring about transformative changes, revolutionizing various aspects of our lives. This cutting-edge technology is designed to elevate the quality of connectivity by providing accelerated download and upload speeds, reduced latency, and increased reliability. What can 5G do? 5G has the potential to drive numerous advancements, including digital transformation across industries, providing the platform for end-to-end connectivity in IoT, enabling faster connections for consumers, and even providing a more cost-effective platform for carriers to operate mobile voice and data connectivity. The Internet of Things (IoT) relies heavily upon the next generation of wireles

Climate Change and Sustainability are two interconnected global challenges that need serious attention. Climate change is a global issue that impacts the environment and society. Due to disruptive changes in the various sectors and rapid advancements in technology, globalization. The relevance of environmental, social, and governance (ESG) factors has grown amongst all stakeholders. As of now, the current risk landscape has given rise to multiple challenges. There is a lack of transparency and visibility of carbon footprint data within organisations.  Inefficiency in implementing new sustainability standards lack of transparency and visibility of carbon footprint Inappropriate definition of Sustainability that leads to incorrect recognition or charges within the ESG statements.  Organisational changes such as modified operating or service delivery models have become the driving forces behind the focus on sustainability. There is a dire need to promote sustainability across industries.