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Businesses willing to spend big money on digital transformation

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The cost for applying high technologies is becoming more affordable, which gives more opportunities to businesses to speed up digitalization of their production and business.

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Tran Ha Thanh, technology director of Techcom Securities (TCBS), said TCBS has decided to use Microsoft Azure, a cloud computing service, after a long trial use period.

The solution will help TCBS analyze data in depth, which will provide important information to the company’s managers to make reasonable and timely decisions. It also serves TCBS’s goal of developing a technological platform to provide services to 1 million customers by 2020.

According to Thanh, a friendly easy-to-use platform and high data security level are the two most important characteristics of an app. 

Azure provides better machine learning solutions while the visualization capability of Power BI can help the TCBS development team actively integrate or adjust when necessary. Meanwhile, easy-to-use solutions allow the company to receive feedback and improve services to better satisfy clients.

Not only used as a data storage platform, Azure also provides 200 services from infrastructure to virtual server platforms, from web services, application development, security, IoT, big data, to advanced analytical technologies, artificial intelligence, machine learning and blockchain.

Businesses have been advised to choose the hybrid cloud, the environment that combines private (enterprise) clouds and public clouds, which can take full advantage of enterprises’ existing platforms.

Nguyen Trung Cong, technology director of Thien Minh Group, which operates in the tourism & hospitality sector, said Thien Minh is applying AI and machine learning solutions to make automatic suggestions to clients using iVIVU.com, based on their use records and searching behavior.

Encouraged by initial results, Thien Minh plans to expand the AI application to the entire chain of hotels and restaurants. 

“AI and machine learning need time to collect data as well as improve performance so as to provide accurate results, helping us provide the best possible personalized experience,” Cong said, adding that Thien Minh is striving to form a smart system of integrating and exchanging tourism information which can help create added value for tourism products

He went on to say that carrying out digital transformation is a must in the context of the cutthroat competition in the market, where more and more foreign firms join.

Truong Gia Binh, president of FPT, also said that the digital transformation, which is occurring all over the globe, is irreverstible.

Thanh of TCBS affirmed that it is now much easier to carry out digital transformation as the cost is getting ‘more reasonable’. Five years ago, only large corporations dared to make investments in technological solutions because of the high cost and complexity. But now, advances in data analysis make it affordable for small enterprises to access high technology.

 

 

 

Source: VietNamNet

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