It is not uncommon for financial institutions to struggle with advanced credit models today. With antiquated systems and restricted access to data, these institutions often must settle for inefficient analytical engines. It is no surprise that the dependence on traditional data, limited access to alternative data, rigid modelling and human error continue to limit growth, resulting in deficient credit decisioning; all these before regulations are even taken into account.
Data is power, and the freedom to innovate. With India's analytics market expected to reach INR 11,200.42 billion by 2027, financial institutions in the country will become dependent on more data to speed up innovation, deliver unparalleled customer experiences and build the resilience for an ever-erratic credit landscape.
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How big is India's Computer Accessories Market? Innovations expected by FY25
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Siba Padhy, Head of Salesforce Business, EPAM Systems highlights how Salesforce has evolved from a core sales solution to a comprehensive platform that encompasses service, marketing, and commerce, with a significant emphasis on leveraging AI technologies, particularly the newly launched Agentforce and Einstein GPT. Padhy discusses the burgeoning agent tech economy in India and EPAM's strategic focus on delivering tailored solutions that address specific market needs. With ambitious growth targets, EPAM aims to double its Salesforce expertise in the coming years, positioning itself as a key player in driving digital transformation across various industries.
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Digital Governance: Changing that Red Carpet into a Green One
India's approach and success stories in digital governance show how technology should be used to cover the entire carpet area - From expanding inclusion to the digitally not-so-savvy folks to strengthening interoperability - we have made sure the grass is green, every side
