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	<title>AANNEX Solutions INC</title>
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	<description>We Deliver Cloud at Right Scale to Our Customers . We Are Enterprise Cloud-Computing Consultants.</description>
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	<title>AANNEX Solutions INC</title>
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	<item>
		<title>E-Commerce</title>
		<link>https://aannex.net/e-commerce-blog/</link>
					<comments>https://aannex.net/e-commerce-blog/#respond</comments>
		
		<dc:creator><![CDATA[AANNEX]]></dc:creator>
		<pubDate>Wed, 02 Jun 2021 18:03:37 +0000</pubDate>
				<category><![CDATA[Technology]]></category>
		<category><![CDATA[Case study]]></category>
		<guid isPermaLink="false">https://aannex.net/?p=12762</guid>

					<description><![CDATA[<p>Deliver a unified experience to cut through the noise, get noticed, and attract customers. The Business&#160;Problem One of the large E-commerce sites in North America approached AANNEX with numerous issues and concerns with their aging IT systems. AANNEX created an IT audit and recommendations report that identified several key elements that could be improved to [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://aannex.net/e-commerce-blog/">E-Commerce</a> appeared first on <a rel="nofollow" href="https://aannex.net">AANNEX Solutions INC</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<h3 class="wp-block-heading"><strong>Deliver a unified experience to cut through the noise, get noticed, and attract customers</strong>.</h3>



<h3 class="wp-block-heading"><strong>The Business&nbsp;Problem</strong></h3>



<p>One of the large E-commerce sites in North America approached AANNEX with numerous issues and concerns with their aging IT systems.</p>



<p>AANNEX created an IT audit and recommendations report that identified several key elements that could be improved to help the business be more efficient, improve system security and reliability while at the same time reducing the risk of downtime. The key points highlighted from the review were:</p>



<p>■ The Server hardware was several years old and not supported by the manufacturer and high cost of licenses.</p>



<p>■ E-commerce service provider must keep all data for up to eight years, however, no&nbsp;central backup and archive strategy was in place.</p>



<p>■ Several Servers were running AIX 5.0 OS which no longer supported by IBM and therefore not patched with security updates.</p>



<p>■ Our customer did not have remote access to the IT system, but this is a function that was needed by the business.</p>



<p>■ Due to the rural office location, power cuts are common, and with an on-premises IT system, this caused business disruption on a regular basis.</p>



<p>■ There was no business class firewall in place to secure the network from intrusion.</p>



<p>■ Work load migration to hybrid Cloud with 55% Re-host, 15% Re-factor and Re-platform and 30% move to SaaS based solution (i.e. 0356 email, Office suite, backup and archiving, SharePoint, dynamics)</p>



<h3 class="wp-block-heading"><strong>The&nbsp;Challenges</strong></h3>



<p>One of the key drivers was to keep capital expenditure to a minimum, operation uptime high and keep the costs firmly in the expense column allowing easy budgeting without having to worry about changing the IT system every few years.</p>



<p>As an IT strategic partner, AANNEX helped North American E-Commerce site to determine the best options to cost effectively resolve all IT issues and refresh the IT infrastructure at the same time.&nbsp;</p>



<h3 class="wp-block-heading"><strong>How We Do It</strong></h3>



<p>All the applications in the All-stream data center are slated to relocate either to client’s owned data to the Public Cloud. One of the largest North American e-Commerce applications is to be migrated to the Azure Public Cloud.</p>



<p>The e-commerce system and offers vast assortment of exclusive products and top brand names to its customers. As one of Canada&#8217;s most innovative and diversified retailers, Our Customer incorporates entertainment, inspiration, personalities, and industry leaders to provide a unique shopping experience, where customers find exceptional selections in Health &amp; Beauty, Jewelry, Home/Lifestyle, Fashion/Accessories, and Electronics.</p>


<p><img fetchpriority="high" decoding="async" src="https://aannex.net/wp-content/uploads/2021/06/ecommerce-2.jpg" sizes="(max-width: 626px) 100vw, 626px" srcset="https://aannex.net/wp-content/uploads/2021/06/ecommerce-2.jpg 626w, https://aannex.net/wp-content/uploads/2021/06/ecommerce-2-300x188.jpg 300w, https://aannex.net/wp-content/uploads/2021/06/ecommerce-2-320x200.jpg 320w, https://aannex.net/wp-content/uploads/2021/06/ecommerce-2-600x376.jpg 600w" alt="" width="626" height="392" /></p>
<h3><span style="color: #000000;"><strong>Be a Retailer Customers can Trust</strong></span></h3>
<p><span style="color: #000000;">With a unified commerce system, all your business information (from prices, to items, to inventory availability) is maintained in one place, the ERP. All the touchpoints, including your eCommerce portal, communicate with it, and pull up information in real time. You do not need to click anywhere, or import any data: the system does it, automatically. With zero effort, the information you show on your website is always consistent and up to date. So, you will not risk disappointing customers by selling them an item that is already out of stock.</span></p>
<p><br /><img decoding="async" src="https://aannex.net/wp-content/uploads/2021/06/trust-1.jpg" sizes="(max-width: 626px) 100vw, 626px" srcset="https://aannex.net/wp-content/uploads/2021/06/trust-1.jpg 626w, https://aannex.net/wp-content/uploads/2021/06/trust-1-300x200.jpg 300w, https://aannex.net/wp-content/uploads/2021/06/trust-1-600x400.jpg 600w" alt="" width="626" height="417" /></p>
<h3><span style="color: #000000;"><strong>Use a pre-set Integration for eCommerce Sites</strong></span></h3>
<p><span style="color: #000000;">We have partnered with some of the best-known global eCommerce platform providers to offer out-of-the box integrations. We have already done the hard lifting – our Customer were enjoying the seamless communication between channels and the single, clear view of their customers and products. Zero effort, no costly integrations, no time wasted. It is on us. Our official alliance means that all features and upgrades will be automatically delivered to our system without having to lift a finger.</span></p>
<p><br /><img decoding="async" src="https://aannex.net/wp-content/uploads/2021/06/card-1.jpg" sizes="(max-width: 626px) 100vw, 626px" srcset="https://aannex.net/wp-content/uploads/2021/06/card-1.jpg 626w, https://aannex.net/wp-content/uploads/2021/06/card-1-300x200.jpg 300w, https://aannex.net/wp-content/uploads/2021/06/card-1-600x400.jpg 600w" alt="" width="626" height="417" /></p>
<h3><span style="color: #000000;"><strong>True Omni-channel Shopping</strong></span></h3>
<p><span style="color: #000000;">Let our customers decide how, where and when they want to order and receive their purchases. All our customer&#8217;s channels are in sync, and they can manage them as exactly what our customers expect.</span></p>
<ul>
<li><span style="color: #000000;">Click &amp; collect buy online and pick up in store</span></li>
<li><span style="color: #000000;">Buy online and get the items delivered.</span></li>
<li><span style="color: #000000;">Return items bought online in any physical store.</span></li>
<li><span style="color: #000000;">Exchange products bought online in any store.</span></li>
<li><span style="color: #000000;">Collect and use loyalty points in the eCommerce and physical stores.</span></li>
</ul>
<p><span style="color: #000000;">The purpose of this project was to migrate the All-Stream DC to Azure Public Cloud. The application and its Development, QA, DR environments will all be hosted within Azure Canada East Region with and Production in Azure Canada Central region.</span></p>
<p><span style="color: #000000;">All Servers will be deployed as Virtual machines and to be behind azure load balancer and in different availability sets to ensure no down time occurs during failure or update process. The VMs will be configured from the standard marketplace Windows Server 2016 image and identified as Hybrid Use Benefit (HUB). Configuration management and deployment is initiated at first boot.</span></p>
<p><span style="color: #000000;">The Web tier will reside in the web tier subnet, the application tier will reside in the app subnet and the DB will reside in the DB subnets. Each subnet is represented as NSG. An Azure load balancer instances will be configured to load balance across the virtual machines for each tier.</span></p>
<p><br /><img loading="lazy" decoding="async" class="alignnone size-full wp-image-13231" src="https://aannex.net/wp-content/uploads/2021/06/E-commerce-image.jpg" alt="" width="1983" height="1564" srcset="https://aannex.net/wp-content/uploads/2021/06/E-commerce-image.jpg 1983w, https://aannex.net/wp-content/uploads/2021/06/E-commerce-image-300x237.jpg 300w, https://aannex.net/wp-content/uploads/2021/06/E-commerce-image-1024x808.jpg 1024w, https://aannex.net/wp-content/uploads/2021/06/E-commerce-image-768x606.jpg 768w, https://aannex.net/wp-content/uploads/2021/06/E-commerce-image-1536x1211.jpg 1536w, https://aannex.net/wp-content/uploads/2021/06/E-commerce-image-600x473.jpg 600w" sizes="(max-width: 1983px) 100vw, 1983px" /></p>


<h3 class="wp-block-heading"><strong>Web Servers Storage</strong></h3>



<p>The VMs will be configured with an additional disk attached. This disk must be configured (scripts to be run at boot) to store IIS logs and any additional logs.</p>



<p>The Storage Type will be Standard, locally redundant storage (magnetic storage). A Standard, locally redundant data disk will be attached to the VMs but will not be initialized. This is provided for use as a log storage location and can be configured using the Desired State Configuration which will be loaded by the VM when initialized.</p>



<p>Disks will be provisioned using the Managed Disks feature.</p>



<h3 class="wp-block-heading"><strong>App Servers Storage</strong></h3>



<p>The virtual machines configured in the production and pre-production deployments of the application tier will be configured to use Premium/standard, locally redundant Storage for all disks, to receive the 99.9% availability SLA from Microsoft. To achieve 99.95% SLA, a minimum of two servers in a load-balanced configuration is required.</p>



<p>The application servers will make use of bitlocker.</p>



<h3 class="wp-block-heading"><strong>Database Tier</strong></h3>



<p>The SQL tier includes the infrastructure required for SQL Always On Availability Groups:</p>



<ul class="wp-block-list"><li>2 servers for SQL 2014 Instances (Read/Write).</li><li>2 servers for SQL 2014 Instances (Read only).</li><li>2 servers for SQL 2014 Instance (Third party application database)</li><li>2 servers for SQL 2014 Instance (DBD)</li></ul>



<h3 class="wp-block-heading"><strong>Data/Database tier Storage</strong></h3>



<p>The SQL servers will make use of standard, locally redundant storage for the operating system. Premium, locally redundant storage will be used for the data disks to provide improved I/O performance.</p>



<p>Disks will be provisioned using the Managed Disks feature. &nbsp;Native encryption (TDE) on SQL 2014 Database will be used with Azure Key vault.&nbsp; Along with bitlocker encryption for the disks.</p>



<h3 class="wp-block-heading"><strong>Key Vault</strong></h3>



<p>Key vaults provisioned for Production and Non-Production Environments to support the following activities:</p>



<ul class="wp-block-list"><li>Azure Disk Encryption (enabling Bitlocker functionality for Azure virtual machines)</li><li>TLS certificate management for the web application</li><li>Extensible Key Management to support Transparent Data Encryption in SQL Server 2014 (and separate management of data from management of encryption keys)</li></ul>



<h4 class="wp-block-heading"><strong>Azure Disk Encryption</strong></h4>



<p>A Key Vault provisioned in each environment to hold the BitLocker Encryption keys. This Key Vaults can be used in the future to store additional information, such as secrets (passwords used for deployments including local administrator configuration or database connection strings) and keys (such as SSL certificates and similar).</p>



<h3 class="wp-block-heading"><strong>Network</strong></h3>



<p>Virtual networks created for each environment, isolating the management of the network. Peering configured to enable all the development networks to access the Shared services VNET. Shared services VNET hosted for security services and common services.</p>



<h4 class="wp-block-heading"><strong>Security Groups</strong></h4>



<p>Three Network Security Groups configured for each network. They will all reference the same templated security rules, regardless of the environment, to ensure consistency.</p>



<p>The VPN and Application Gateway subnets have network security groups assigned. Firewall rules on the VPN connections was enforced by the on-premises device.</p>



<p>Rules with lower numbers are processed first and override rules with higher numbers where applicable. Rules starting at 65000 are default rules and cannot be disabled, but they can be overridden.</p>



<h3 class="wp-block-heading"><strong>The End Result</strong></h3>



<p>The outcome of the project for Our customer is a new Cloud based IT system to drive the business over the next 4-5 years with reduced IT management complexity. The IT system has been migrated to an easily accessible central platform that can be accessed from anywhere in the world.</p>



<p>AANNEX successfully planned, managed and delivered the IT systems refresh project and deployed new hardware, software and licensing plans, which consisted of the following key deliverables:</p>



<p>■ Deployment of Cloud Infrastructure</p>



<p>■ Data transfer from existing server</p>



<p><strong>■&nbsp;</strong>Migration all workload into Cloud and re-platform and rehost options were taken for consideration.</p>



<p>■ Installation of Firewalls and data encryption in rest and motion to protect the local network and secure data between the customer and the Hybrid Cloud regions.</p>



<p>■ Decommissioning of legacy Server and databases</p>



<p>■ A central backup strategy was put in place to ensure all data was backed up as per the client’s legal requirements</p>



<p>■ Unlimited Archiving and Key vault were used.</p>
<p>The post <a rel="nofollow" href="https://aannex.net/e-commerce-blog/">E-Commerce</a> appeared first on <a rel="nofollow" href="https://aannex.net">AANNEX Solutions INC</a>.</p>
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			</item>
		<item>
		<title>Cloud Migration</title>
		<link>https://aannex.net/cloud-migration-blog/</link>
					<comments>https://aannex.net/cloud-migration-blog/#respond</comments>
		
		<dc:creator><![CDATA[AANNEX]]></dc:creator>
		<pubDate>Fri, 28 May 2021 08:45:12 +0000</pubDate>
				<category><![CDATA[Case study]]></category>
		<category><![CDATA[Technology]]></category>
		<guid isPermaLink="false">https://aannex.net/?p=12053</guid>

					<description><![CDATA[<p>AANNEX Solutions perform full IT upgrade to enable an increase in productivity. The Business Problem One of the Financial institutes approached AANNEX with numerous issues and concerns with their aging IT systems. AANNEX created an IT audit and recommendations report that identified several key elements that could be improved to help the business be more [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://aannex.net/cloud-migration-blog/">Cloud Migration</a> appeared first on <a rel="nofollow" href="https://aannex.net">AANNEX Solutions INC</a>.</p>
]]></description>
										<content:encoded><![CDATA[<h2>AANNEX Solutions perform full IT upgrade to enable an increase in productivity.</h2>
<h3>The Business Problem</h3>


<p>One of the Financial institutes approached AANNEX with numerous issues and concerns with their aging IT systems. </p>



<p>AANNEX created an IT audit and recommendations report that identified several key elements that could be improved to help the business be more efficient, improve system security and reliability while at the same time reducing the risk of downtime. The key points highlighted from the review were:</p>



<ul class="wp-block-list"><li>The Server hardware was several years old and not supported by the manufacturer.</li><li>Financial Institute must keep all data for up to eight years, this entails backups of yearly accounts and email, however, no&nbsp;central backup strategy was in place and email was not archived.</li><li>Several Computers were running Windows XP which no longer supported by Microsoft and therefore not patched with security updates.</li><li>Financial institute (our customer) did not have remote access to the IT system, but this is a function that was needed by the business.</li><li>Due to the rural office location, power cuts are common, and with an on-premises IT system, this caused business disruption on a regular basis.</li><li>There was no business class firewall in place to secure the network from intrusion.</li><li>Work load migration to hybrid Cloud with 45% Re-host, 20% Re-factor and Re-platform and 35% move to SaaS based solution(i.e. 0356 email, Office suite, &nbsp;backup and archiving, SharePoint, dynamics)</li></ul>



<h3 class="wp-block-heading"><strong>The&nbsp;Challenges</strong></h3>



<p>One of the key drivers was to keep capital expenditure to a minimum and keep the costs firmly in the expense column allowing easy budgeting without having to worry about changing the IT system every few years.</p>



<p>As an IT strategic partner, AANNEX helped North American Financial institution to determine the best options to cost effectively resolve all IT issues and refresh the IT infrastructure at the same time.&nbsp;</p>



<p class="has-text-align-center"><strong>“<em>At all stages I have felt confident in AANNEX’s ability to deliver a secure and workable solution. My staff were supported throughout the transition and the project was completed with minimal disruption.</em>”</strong></p>



<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" decoding="async" width="2175" height="924" src="https://aannex.net/wp-content/uploads/2021/06/Cloud-Migration-image1.jpg" alt="" class="wp-image-13228" srcset="https://aannex.net/wp-content/uploads/2021/06/Cloud-Migration-image1.jpg 2175w, https://aannex.net/wp-content/uploads/2021/06/Cloud-Migration-image1-300x127.jpg 300w, https://aannex.net/wp-content/uploads/2021/06/Cloud-Migration-image1-1024x435.jpg 1024w, https://aannex.net/wp-content/uploads/2021/06/Cloud-Migration-image1-768x326.jpg 768w, https://aannex.net/wp-content/uploads/2021/06/Cloud-Migration-image1-1536x653.jpg 1536w, https://aannex.net/wp-content/uploads/2021/06/Cloud-Migration-image1-2048x870.jpg 2048w, https://aannex.net/wp-content/uploads/2021/06/Cloud-Migration-image1-600x255.jpg 600w" sizes="(max-width: 2175px) 100vw, 2175px" /></figure></div>



<h3 class="wp-block-heading"><strong>The Solution</strong></h3>



<p>AANNEX proposed a Cloud based solution rather than upgrading the current IT systems. The solution we recommended resolved all issues and importantly did not require a capital outlay, which was the preferred solution by the clients. By utilising a Cloud based system option, Our Customer staff can work remotely from an alternative location when power cuts happen, thus allowing business functions to continue.</p>



<p>The System is based on a Windows Server 2016 Remote Desktop &nbsp;Services platform allowing our customer’s applications to be accessed from any Internet enabled computer anywhere in the world. This server platform was housed within AANNEX’s Cloud.</p>



<p>During the systems migration project, all outdated Workstations were replaced with Thin Clients and a Microsoft Office 365 licensing plan entitle our Financial customer to install the latest Microsoft Office software on up to 5 devices per user. All email communications are archived for an unlimited amount of time using the same Office 365 Solution.</p>



<div class="wp-block-image"><figure class="aligncenter size-large"><img loading="lazy" decoding="async" width="628" height="362" src="https://aannex.net/wp-content/uploads/2021/05/the-solution.png" alt="" class="wp-image-12255" srcset="https://aannex.net/wp-content/uploads/2021/05/the-solution.png 628w, https://aannex.net/wp-content/uploads/2021/05/the-solution-300x173.png 300w, https://aannex.net/wp-content/uploads/2021/05/the-solution-600x346.png 600w" sizes="(max-width: 628px) 100vw, 628px" /></figure></div>



<h3 class="wp-block-heading"><strong>The End Result</strong></h3>



<p>The outcome of the project for Our customer is a new Cloud based IT system to drive the business over the next 3-5 years with reduced IT management complexity. The IT system has been migrated to an easily accessible central platform that can be accessed from anywhere in the world.</p>



<p>AANNEX successfully planned, managed and delivered the IT systems refresh project and deployed new hardware, software and licensing plans, which consisted of the following key deliverables:</p>



<ul class="wp-block-list"><li>Deployment of Cloud Infrastructure</li><li>Data transfer from existing server</li><li>Migration of email services to Office 365</li><li>Installation of a Remote Desktop Based Cloud Infrastructure during working hours with minimal disruption</li><li>Deployment of new Thin Client Terminals</li><li>Installation of Firewalls and data encryption in rest and motion to protect the local network and secure data between the customer and the Data Centre.</li><li>Decommissioning of legacy Server and workstations</li><li>A central backup strategy was put in place to ensure all data was backed up as per the client’s legal requirements</li><li>Unlimited Archiving of all email communications</li></ul>



<h4 class="wp-block-heading"><strong>David white CIO at the Financial services at North America.</strong></h4>



<p class="has-text-align-center">“<em>Our outdated system was an increasing worry. It is a relief to know that we now have a reliable, fully maintained, and supported system. The ability to remote access our systems via the internet has been a valuable tool.</em>”</p>
<p>The post <a rel="nofollow" href="https://aannex.net/cloud-migration-blog/">Cloud Migration</a> appeared first on <a rel="nofollow" href="https://aannex.net">AANNEX Solutions INC</a>.</p>
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			</item>
		<item>
		<title>Big Data</title>
		<link>https://aannex.net/big-data-blog/</link>
					<comments>https://aannex.net/big-data-blog/#respond</comments>
		
		<dc:creator><![CDATA[AANNEX]]></dc:creator>
		<pubDate>Wed, 12 May 2021 18:18:42 +0000</pubDate>
				<category><![CDATA[Case study]]></category>
		<category><![CDATA[Technology]]></category>
		<guid isPermaLink="false">https://aannex.net/?p=12784</guid>

					<description><![CDATA[<p>The Financial Customer’s Challenges Risk Management Fraud Detection Customer Contentment Big Data is renovating the world and it has left no industry untouched with its enormous benefits. It has emerged as a lifeguard for the Financial Industry. Big Data has saved a lot of revenues from the financial firms so far and has a lot [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://aannex.net/big-data-blog/">Big Data</a> appeared first on <a rel="nofollow" href="https://aannex.net">AANNEX Solutions INC</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<h3 class="wp-block-heading"><strong>The Financial Customer’s Challenges</strong></h3>



<ul class="wp-block-list"><li>Risk Management</li><li>Fraud Detection</li><li>Customer Contentment</li></ul>


<p><img loading="lazy" decoding="async" class="alignnone size-full wp-image-13225" src="https://aannex.net/wp-content/uploads/2021/05/Bigdata-image3.jpg" alt="" width="2180" height="1083" srcset="https://aannex.net/wp-content/uploads/2021/05/Bigdata-image3.jpg 2180w, https://aannex.net/wp-content/uploads/2021/05/Bigdata-image3-300x149.jpg 300w, https://aannex.net/wp-content/uploads/2021/05/Bigdata-image3-1024x509.jpg 1024w, https://aannex.net/wp-content/uploads/2021/05/Bigdata-image3-768x382.jpg 768w, https://aannex.net/wp-content/uploads/2021/05/Bigdata-image3-1536x763.jpg 1536w, https://aannex.net/wp-content/uploads/2021/05/Bigdata-image3-2048x1017.jpg 2048w, https://aannex.net/wp-content/uploads/2021/05/Bigdata-image3-600x298.jpg 600w" sizes="(max-width: 2180px) 100vw, 2180px" /></p>
<p><span style="color: #000000;">Big Data is renovating the world and it has left no industry untouched with its enormous benefits. It has emerged as a lifeguard for the Financial Industry.</span></p>
<p><span style="color: #000000;">Big Data has saved a lot of revenues from the financial firms so far and has a lot more to offer in the coming years.</span></p>
<p><span style="color: #000000;">Big Data in the Financial industry helps in managing the risk, detecting frauds and in the contentment of customers.</span></p>
<p><img loading="lazy" decoding="async" src="https://aannex.net/wp-content/uploads/2021/06/dominoes-1.jpg" sizes="(max-width: 626px) 100vw, 626px" srcset="https://aannex.net/wp-content/uploads/2021/06/dominoes-1.jpg 626w, https://aannex.net/wp-content/uploads/2021/06/dominoes-1-300x200.jpg 300w, https://aannex.net/wp-content/uploads/2021/06/dominoes-1-600x400.jpg 600w" alt="" width="626" height="417" /></p>
<h3><span style="color: #000000;"><strong>Risk Management</strong></span></h3>
<p><span style="color: #000000;">Establishing a robust risk management system is of utmost importance for financial organizations or else they have to suffer from huge revenue losses.</span></p>
<p><span style="color: #000000;">To stay alive in the competitive world and increase their profit as much as they can, organizations must keep innovating new things. Through Big Data Analysis, firms can detect risk in real-time and apparently saving the customer from potential fraud.</span></p>
<p><span style="color: #000000;"><strong>Big Data in Financial Case Study – Risk Management</strong></span></p>
<p><span style="color: #000000;">AANNEX helped one of the largest South Asian Bank leverage Big Data to direct risk management, calculating the value of risk is a time-consuming effort, usually taking up to 20 hours. Through our Big Data risk management system solution, South Asian Bank was now able to do the same task in just a few minutes and with the aim of doing it in real-time soon.</span></p>
<p><img loading="lazy" decoding="async" src="https://aannex.net/wp-content/uploads/2021/06/money-1.jpg" sizes="(max-width: 626px) 100vw, 626px" srcset="https://aannex.net/wp-content/uploads/2021/06/money-1.jpg 626w, https://aannex.net/wp-content/uploads/2021/06/money-1-300x200.jpg 300w, https://aannex.net/wp-content/uploads/2021/06/money-1-600x400.jpg 600w" alt="" width="626" height="417" /></p>
<h3><span style="color: #000000;">Fraud Detection</span></h3>
<p><span style="color: #000000;">AANNEX worked to develop a Big Data application in financial customer to detect the Fraud.</span></p>
<p><span style="color: #000000;">The rapidly growing digital world is furnishing us with numerous benefits but on the other hand, gives birth to various kinds of frauds as well.</span></p>
<p><span style="color: #000000;">Our personal data is now more vulnerable to cyber attacks than ever before, and it is the biggest challenge a financial organization faces.</span></p>
<p><span style="color: #000000;">Employing Big Data Analytics with some Machine Learning Algorithms, we were able to detect frauds before they can be placed. This is done by identifying unfamiliar spending patterns of the user, predicting unusual activities of the user, etc.</span></p>
<p><span style="color: #000000;">The financial customer was struggling with its fraud detection methods having a very low percentage i.e., only a 40% fraud detection rate and managing up to 1200 false positives per day.</span></p>
<p><span style="color: #000000;">This was an alarming rate for them, and immediate action was required.</span></p>
<p><span style="color: #000000;">They then decided to join hands with AANNEX, to employ some advanced Big Data analytics for improving their fraud detection techniques and soon observed some substantial results.</span></p>
<p><span style="color: #000000;">The financial customer saw a60% reduction in false positives, expecting it to soon reach an 80% mark and an increase in the true positive rate by 50%. They also observed a massive operating profit of $60 million in 2018.</span></p>
<p><span style="color: #000000;">This is how Big Data analytics provided succor to the financial customer.</span></p>
<p><img loading="lazy" decoding="async" src="https://aannex.net/wp-content/uploads/2021/06/payment-1-1024x683.jpg" sizes="(max-width: 800px) 100vw, 800px" srcset="https://aannex.net/wp-content/uploads/2021/06/payment-1-1024x683.jpg 1024w, https://aannex.net/wp-content/uploads/2021/06/payment-1-300x200.jpg 300w, https://aannex.net/wp-content/uploads/2021/06/payment-1-768x512.jpg 768w, https://aannex.net/wp-content/uploads/2021/06/payment-1-600x400.jpg 600w, https://aannex.net/wp-content/uploads/2021/06/payment-1.jpg 1050w" alt="" width="800" height="534" /></p>
<h3><span style="color: #000000;">Customer Contentment</span></h3>
<p><span style="color: #000000;">Considering the high amount of risk involved when you deal with the financial firms, to ensure the satisfaction of a customer is one of the most challenging tasks for them.</span></p>
<p><span style="color: #000000;">From ensuring the safety of their transactions to providing them the most relevant and beneficial offers, customer retention is a lifetime journey for the financial firms.</span></p>
<p><span style="color: #000000;">The data that they collect from their customers is now more important than ever. Analyzing their customer’s data on the basis of different parameters helps them in targeting their customers in a much better way.</span></p>
<p><span style="color: #000000;">Mainly, to deal with this data. By employing Big Data Analytics through AANNEX, they are now able to generate insights into customer trends and the same reports are offered to its clients. They were able to analyze a customer individually and these reports are generated within seconds.</span></p>
<h3><span style="color: #000000;"><strong>The End Result</strong></span></h3>
<p><span style="color: #000000;">Target achieved for our Financial Customer’s</span></p>
<ul>
<li><span style="color: #000000;">Risk Management </span></li>
<li><span style="color: #000000;">Fraud Detection</span></li>
<li><span style="color: #000000;">Customer Contentment</span></li>
</ul>
<h3><span style="color: #000000;">Conclusion</span></h3>
<p><span style="color: #000000;">With huge amounts of data comes endless opportunities for all kinds of businesses across different domains to exploit that data, and the financial sector is amongst the most benefitted ones. The data that the financial firms collect is as critical and as valuable as anything else for them.</span></p>
<p><span style="color: #000000;">Financial firms have now understood the value of their data and are capitalizing on it. Data is like a second currency for them.</span></p>
<p><span style="color: #000000;">Big Data analytics has been the backbone behind the revolution of online Financial in the industry. It is now an integral part of the biggest financial firms across the globe. Big Data analytics has now empowered them to save millions which previously seemed impossible to them.</span></p><p>The post <a rel="nofollow" href="https://aannex.net/big-data-blog/">Big Data</a> appeared first on <a rel="nofollow" href="https://aannex.net">AANNEX Solutions INC</a>.</p>
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