Automation with Artificial Intelligence (AI) is becoming common today. AI unlocks productivity gains and it makes process outcomes precise and accurate and is scalable technology. Intelligent machines are likely to open new avenues for us to explore, freeing us from mundane, routine tasks and giving us an opportunity to leverage our creativity and imagination.

The National Pension Education Association (NPEA) annual conference is always a great forum to discuss how retirement education and communication initiatives can help members, employers, and agencies. This year was no different. We had great conversations and learned a lot from our clients, peers, and all attendees. We also found that most are also interested in talking to their peers (or identifying peers they can talk to) to get lessons learned and see how they’ve tackled different issues – I hope this blog throws some light on what is important to participants we spoke to.

CHALLENGE

Benefits administration is complex. Thousands of business rules and decisions are made every day to determine tax/contribution rates, validate transactions, compute benefits, process claims, and manage exceptions. If these rules were set in stone, managing them would not be so difficult. However, business rules are always in flux, placing strains on your systems, processes, and employees.

Many people still confuse workflows with processes and it is easy to understand why. The earliest Business Process Management (BPM) solutions were based on workflow – or how individual processes coordinated.

Application development today has become much easier than a few decades back. You don’t need a working prototype or even a pre-existing database to design the workflow and behavior of your application. All you need is an entity-based approach.

1. What is MVVM?

MVVM – short for Model-View-ViewModel – is an architecture pattern that takes advantage of user device capabilities and browser memory to improve application performance.

http://www.sagitec.com/blog/a-to-z-of-pension-terminology 

Any organization today is a complex set of departments and communication is crucial between them. For example, the IT department knows how to build a computer system and the business teams have knowledge of how the system should behave. How can the IT and business teams communicate effectively? How do they manage business rules that are always in flux, especially in the benefits administration area that is frequently subjected to policy changes?            

Are you well versed with pension/retirement terminology? If not, take a go at our pension alphabet.

Digital Health has been a hot market space in recent times with investors collectively pouring $26 billion since 2010 and over $7.2 billion just last year.  Mobile health or mHealth apps were seen as a crucial element in managing chronic conditions like diabetes and asthma, by helping patients take care of their lifestyle and medications.  In fact, mHealth Apps were the largest funded category in digital health, with over 325,000 apps available by end of 2017.