INDUSTRIES

Banking, Financial Services and Insurance

Banking, Financial Services and Insurance (BFSI) is one of the four strategic verticals of OHM Tech Inc. Banking, Financial services and Insurance (BFSI) is an industry term for companies that provide a range of such financial products/services such as universal banks. BFSI comprises commercial banks, insurance companies, non-banking financial companies, cooperatives, pensions funds, mutual funds and other smaller financial entities.

The global BFSI Industry faced serious turmoil during the early 21st century, when a series of crisis like 'Subprime mortgage crisis' in US, and the Great Recession worldwide, that began in Q3-2008 and ended in Q1-2009, gave a huge setback, resulting in negative growth.

Key Challenges in BFSI

Banks:

  • Increasing the penetration of banking in rural areas.
  • Tackling demand-supply mismatch.
  • Credit disbursement to the priority sector.
  • Maintaining asset quality.
  • Improving risk management mechanism.
  • Technology adoption.

Insurance:

  • Need for Accuracy in Pricing of Risks.
  • Rural Market still under penetrated.
  • Pension Market remains untapped.

Mutual Funds:

  • Low level of Customer Awareness.
  • Inadequate reach of funds / distributors to retail investors.
  • Limited innovation in product offering.
  • Multiple Regulatory Frameworks.

Banking, Financial Services and Insurance (BFSI) is a sector that is highly affected with evolving regulatory and socio-economic changes. In order to stay profitable and grow business, BFSI organizations need to reduce customer churn and provide effective customer service, while maintaining or growing margins.

The financial services industry is currently in the midst of a massive digitalization wave. Mobile devices have become ubiquitous, tech-innovation and artificial intelligence (AI) is at the core of the transformation, with a new generation of millennial customers demanding enhanced, value-added services and enriched experiences. In light of this new ‘experience economy’ modern businesses must aspire towards becoming 21St Century Enterprises – companies driven by ‘experience-centricity, agility, service and outcome based orientation’. Additionally, a number of Fintech trends are gaining a quick foothold in the industry. It’s essential these ‘disruptive’ technology forces are assimilated by established financial enterprises, in order to better serve customers and cement brand loyalty. Application modernization is also at the forefront of this revolution, redefining customer experience.

OHM Tech Inc. offers a smart, focused and differentiated financial IT services portfolio addressing the need of the hour - helping companies stay ahead of the game. ???’s IT solutions for financial services are targeted at rationalizing and converging IT and operations across regions and business divisions, to optimize cost, and bring agility with renewed focus on regulatory compliance and customer centricity.

OHM Tech Inc. has developed a deep knowledge and has extensive experience in the BFSI sector. We provide creative solutions to various institutions, supporting several clients globally across a wide spectrum of their needs. Our expert team of BFSI service understands your needs and challenges, and partner with you to develop tailored solutions to address your challenges.

OHM Tech Inc. provides cost-effective services such as application development, application support, product customization and implementation, migration services, and business process sourcing from onsite, offshore, or a proven onsite/offshore model. OHM Tech Inc. ’s BFSI services professionals provide in-depth knowledge of the technology required to give our clients the competitive edge.

We have extensive experience in delivery solutions related to:

  1. Streamlining/cost take out across operations and technology
  2. Engaging customers
  3. Innovating to stay ahead of competition
  4. Managing risk
  5. Compliance
  6. Partnerships

Education

Education is one of the four strategic verticals of OHM Tech Inc.

Transforming Education, Transforming Lives: A Path Toward Next Generation Learning

Education is at the heart of human progress: educating students, driving innovation, and promoting social equity. The very best educational systems prepare people to be successful, productive, and engaged members of society. These systems provide appropriate knowledge, skills, and experiences, enabling students to obtain jobs that promote social equity and economic growth. Today, education is undergoing change at an unprecedented rate. To prepare for the jobs of tomorrow, today’s students need new skills, taught in new ways. Teachers need to develop new material and deliver it differently. Parents expect greater involvement, and administrators need to constantly do more with less. OHM Tech Inc. can help educators overcome these challenges. Our solutions drive cost savings, expand access to quality education, support learning transformation, improve student engagement, prepare the workforce of the future, and place schools, colleges, and universities at the heart of smart and connected communities.

Technology plays a critical role in this innovation. When technology is implemented and integrated appropriately, students have an opportunity to learn about that technology by using it as a part of their learning. For example, students might build an online portfolio, develop a spreadsheet to track the results of a science program, and do Internet searches on specific research topics. Using technology also helps to improve efficiency. Online attendance, mass notification systems, and streaming video applications all make it easier to administer the business of education and the art and science of learning. Finally, technology helps to improve equity. Students from across the globe can use technology to interact with resources and information, outside experts, and one another, regardless of physical location or demographic status.

As education costs continue to rise and reductions in government allocations decrease budgets, educational institutions are under tremendous pressure to improve service delivery. YASH believes that IT can play a crucial role in transforming the overall model for how education institutions operate. OHM Tech experts apply IT knowledge to the planning, design, and pre/post-implementation phases of their enterprise systems.

OHM Tech’s Education practice is a leading consulting service for various schools, colleges, universities, and academic medical centers. Our professionals have worked extensively with learning institutions to develop and implement solutions that address operational and regulatory requirements consistent with every unique culture.

OHM Tech Inc. provides a wide range of services for educational institutions that can help improve operations, increase faculty effectiveness, accelerate student performance, and develop new methods for delivering educational services in the 21st century.

We have extensive experience in delivery solutions related to:

  1. Streamlining/cost take out across operations and technology
  2. Engaging customers
  3. Innovating to stay ahead of competition
  4. Managing risk
  5. Compliance
  6. Partnerships

Automotive

Automotive is one of the four strategic verticals of OHM Tech Inc.

The automotive industry began in the 1890s with hundreds of manufacturers that pioneered the horseless carriage. For many decades, the United States led the world in total automobile production. It is one of the world's most important economic sectors by revenue. The automotive industry does not include industries dedicated to the maintenance of automobiles following delivery to the end-user, such as automobile repair shops and motor fuel filling stations.

A series of global trends are combining to herald an era of unprecedented innovation in the automotive industry. The automobile – the preeminent consumer product of the industrial revolution – is facing what may be its greatest moment of consumer change. This change is part of a digitally enabled convergence of accelerating technological, social and industry forces that is about to trigger an explosion of innovation in global transportation.

Global trends that are reshaping the automotive industry

  1. Urbanization. City populations are booming. For the first time in history, more than half the world’s population lives in urban areas.
  2. Shifting global population dynamics: The global population is growing, ageing and evolving. From 7 billion today, the number of people on the planet is set to hit 11 billion by 2100
  3. Rapid expansion in global connectivity: Most dramatically, the world economy is transforming into a digital economy with a proliferation of cloud computing, big data and analytics, mobility and broadband connectivity, e-commerce, social media and the use of smart sensors and the Internet of Things
  4. Digital transformation context:The digital transformation of the automotive industry is, in effect, the innovative reassembly of customer and company resources, and of products and services, to grow value, revenue and efficiency via digital technologies. The speed of this transformation is governed by the advances in connectivity technology, changes in consumer behavior, the emergence of new business models, and environmental trends and regulatory practices. The impact has been seen mostly in the after sales stage of the value chain.

Driving this change is the rise of digitally enabled and empowered consumers who increasingly demand that their vehicles provide the same level of digital utility and capability they have grown accustomed to in their electronic devices.

Today’s consumers expect products and services when and where they want them, 24/7. To them, transportation is not only a means to get somewhere but also an experience augmented by a boundless array of social media and entertainment services.

Meeting these demands is a particular challenge for an industry that throughout its existence has been focused on creating hardware products rather than delivering software solutions. Many travelers have experienced the frustration of looking up a destination on their mobile device – quickly and easily – only to have to do so again through an in-vehicle navigation system, in a much slower and more painful process.

OHM Tech Inc. has developed a deep knowledge and has extensive experience in the automobile sector. We provide creative solutions to various institutions, supporting several clients globally across a wide spectrum of their needs. Our expert team of automobile service understands your needs and challenges, and partner with you to develop tailored solutions to address your challenges.

OHM Tech Inc. provides cost-effective services such as application development, application support, product customization and implementation, migration services, and business process sourcing from onsite, offshore, or a proven onsite/offshore model. OHM Tech Inc.’s automobile services professionals provide in-depth knowledge of the technology required to give our clients the competitive edge.

We have extensive experience in delivery solutions related to:

  1. Streamlining/cost take out across operations and technology
  2. Engaging customers
  3. Innovating to stay ahead of competition
  4. Managing risk
  5. Compliance
  6. Partnerships

Manufacturing

Manufacturing is one of the four strategic verticals of OHM Tech Inc.

Manufacturing is the value added production of merchandise for use or sale using labour and machines, tools, chemical and biological processing, or formulation. The term may refer to a range of human activity, from handicraft to high tech, but is most commonly applied to industrial production, in which raw materials are transformed into finished goods on a large scale. Such finished goods may be sold to other manufacturers for the production of other, more complex products, such as aircraft, household appliances or automobiles, or sold to wholesalers, who in turn sell them to retailers, who then sell them to end users and consumers.

Manufacturing engineering or manufacturing process are the steps through which raw materials are transformed into a final product. The manufacturing process begins with the product design, and materials specification from which the product is made. These materials are then modified through manufacturing processes to become the required part.

Manufacturing takes turns under all types of economic systems. In a free market economy, manufacturing is usually directed toward the mass production of products for sale to consumers at a profit. In a collectivist economy, manufacturing is more frequently directed by the state to supply a centrally planned economy. In mixed market economies, manufacturing occurs under some degree of government regulation.

Modern manufacturing includes all intermediate processes required the production and integration of a product's components. Some industries, such as semiconductor and steel manufacturers use the term fabrication instead.

OHM Tech Inc. has developed a deep knowledge and has extensive experience in the Manufacturing sector. We provide creative solutions to various institutions, supporting several clients globally across a wide spectrum of their needs. Our expert team of manufacturing service understands your needs and challenges, and partner with you to develop tailored solutions to address your challenges.

OHM Tech provides cost-effective services such as application development, application support, product customization and implementation, migration services, and business process sourcing from onsite, offshore, or a proven onsite/offshore model. OHM Tech’s manufacturing services professionals provide in-depth knowledge of the technology required to give our clients the competitive edge.

We have extensive experience in delivery solutions related to:

  1. Streamlining/cost take out across operations and technology
  2. Engaging customers
  3. Innovating to stay ahead of competition
  4. Managing risk
  5. Compliance
  6. Partnerships

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About Us

Outstanding Human Minds - OHM Tech has a span history of growth and success. Founded in 2006 by a technologist, OHM started off as an IT consulting partner for one of the most recognized brands in the telecommunication industry. With steady and planned growth, OHM’s vision went global in the year 2012, with introduction of offshore operations in Noida, India. OHM has grown organically through strategic planning and vision. In 2016, OHM celebrated its 10th anniversary with 4 global offices, and further expansion is inevitable.

OHM Tech is a global Information Technology firm specializing in Software Development, IT staffing, and Business Process Transformation. OHM Tech, Inc. is devoted to provide quality information technology consulting to its clients by combining dedicated, focused, ethical efforts with talented, experienced professionals.  Know more


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   +1 - 732 - 791 - 2538

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   +91 - 751 - 402 - 9021

   mukesh@ohmtechusa.com