Industry

IT Solutions for the Financial Services Industry

In an industry that is highly regulated and swiftly evolving, companies need a technology partner that can make recommendations, support existing IT teams, introduce new best practices and platforms, and stay on the cutting edge of technological innovation.

The Challenges That Can Lead to Opportunities

In recent months, the financial services industry has been recovering from a period of rapid technology adoption, forced remote services and collaboration, and major upticks in payment and loan extensions due to COVID-19. The industry is starting to adopt the advanced technologies that will power the industry moving forward.

To enter into a tech-first financial services model, firms must face some hard truths:

Banks have seen a 35% to 50% decline in branch transactions over the past five years at most institutions, with no indication if those numbers will recover post-pandemic.
74% of global consumers say they want to continue to use contactless payment even after the pandemic.
In 2020, 44% of retail banking customers relied on mobile apps to conduct business.
Institutions must navigate the balance between in-person and digital services, relying on zero trust networks and work-from-anywhere solutions to close the gap.

IT Solutions for the Healthcare Industry

Latnus brings deep expertise in innovative IT solutions that positively transform how healthcare providers achieve interoperability and extend value to patients, facilities, employees, government entities, and healthcare partners.

Meeting Healthcare Technological Barriers Head-on

Hospitals and healthcare providers stand at the apex of technological evolution now that COVID-19 has forced digital transformation, patient-focused telemedicine, personalized healthcare, and interoperability.

The industry has an opportunity to transition from an era of massive, unparalleled disruption to digital stability that builds on new innovations and cloud technologies. As this evolution takes place, providers are facing critical concerns:

2020 survey cites EHR/EMR optimization, patient engagement/customer technologies, and data analysis as the top 3 CIO priorities.
61% of the CIOs surveyed said limited bandwidth is their biggest barrier to making progress in these IT initiatives.
Healthcare leadership wrestles with the competing goals of providing seamless, easy-to-access patient experiences and safeguarding data privacy.
Cloud is taking the front seat in healthcare with 87% of healthcare organizations planning to increase hybrid cloud adoption and decrease traditional data center deployments.
Security and data privacy remain top of mind with HIPAA violations running anywhere from $150 – $50,000 per violation.

IT Solutions for the Restaurant & Hospitality Industry

An IT partner like Latnus can deliver foundational, stable, future-focused systems management and development. Restaurant and hospitality companies rely on us to support their databases, build and manage applications, and deliver the analytics that will help them grow.

Industry Challenges

The challenges seem to change by the day, but there are several common themes the industry continues to grapple with in the coming years.

Investments in software as a service (SaaS) solutions for hospitality are exploding.
According to Gartner, customers are demanding quicker, touchless, and digitally-oriented services.
54% of restaurant IT budgets are spent just maintaining their current technology solutions.
90% of restaurateurs plan to implement customer engagement initiatives, 42% of which are looking at building or expanding customer loyalty programs.

IT Solutions for the Retail Industry

The retail industry has faced a year that will shape the market for decades to come – and technology has been a game changer for surviving the fluctuations. Latnus provides retailers the stability and expertise their core systems need so executives can focus on cost-cutting and recovery, and meeting the demands of tomorrow’s tech-driven consumer.

Retailers Are Still Recovering from Years of Disruption

Retailers must continue to create stable, consistent unified customer experiences across mobile apps, call centers, storefronts, websites, IoT, social media, and more.

37% of retailers are now offering same-day delivery.
Online shoppers return 25% of their online purchases; as a result, the reverse logistics market is expected to reach $603.9 Billion by 2025.
According to research by McKinsey, the retail industry experienced a decade’s worth of growth within the first three months of COVID.
Retail investments in technology tripled in Q1 of this year compared to the same period last year.
71% of retailers name “lack of real-time inventory visibility” as a major supply chain obstacle.

IT Solutions for State and Local Government

Latnus helps governments optimize operations and leverage technology to bring services to citizens, visitors, and businesses in smart, connected ways. Through automation, modern applications, and data intelligence, we have the power to change the way we live.

Serving Citizens in New Ways is More Important than Ever

The pandemic changed the way we work, communicate, and interact in major ways. Governments need to be nimble and embrace emerging technology to serve and communicate with constituents.