“Technology is best when it brings people together.” – Matt Mullenweg, American Entrepreneur.

We have witnessed several technological advancements in businesses in the past couple of months. The emerging work culture is to work from any place, and in order to do so efficiently, we need more integrated and up-to-date ways of communication.

As a result of this shift, companies must now deal with massive amounts of data as well as the content. In these times, managing knowledge and ensuring that the proper set of information reaches the right person is critical. Many firms prioritise enabling remote employees to have quick and safe access to relevant insights.

A slew of new technologies promises to make data-sharing among and within businesses easier while keeping the veil of anonymity intact. As customers grow more digitally savvy, it will aid in the development of the workforce, opening up new options and empowering them to better serve customers.

According to Gartner, organizations that support data sharing will outperform their counterparts on most business value measures by 2023.

In light of current compliance standards, a highly regulated industry like the BFSI must engage in understanding new and creative technologies and tools such as Artificial Intelligence (AI) and Cloud. While these technologies are game-changers that provide numerous benefits to a company, a company must be able to utilise the proper technology right now.