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The innovations are endless, from peer-to-peer payments to automated portfolio managers and trading platforms. Finance digital transformation involves leveraging cutting-edge technologies for better operational efficiency and enhanced strategic decision-making. FinTech companies are putting a new twist on financial concepts.
For example, in the fields of hepatitis and cirrhosis — medical fields related to diseases of the liver — researchers have found that half of the knowledge was overturned in about 45 years. And some will change often, such as the number the stock market closed at yesterday. This is a problem. It wouldn't be good.
Now consider the joint judgment involved in a process of co-creation , whereby companies collaborate with customers or other partners to bring new offerings to market. Now consider the joint judgment involved in a process of co-creation , whereby companies collaborate with customers or other partners to bring new offerings to market.
ERP systems, RFID , knowledgemanagement, business intelligence) have washed over organizations. IT went from being a potential source of competitive advantage to being a necessity for competitive parity. Similar waves of innovative applications of technology (e.g., Competitors copy or suppliers commoditize to erase these advantages.
Generating new knowledge by conducting research, benchmarking, or bringing in “resident” artists or scientists whose interactions with employees can spark creativity. At multiple levels in the organization, key personnel are responsible for such capabilities and hold much of the know-how in their heads.
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