BBVA API Market
If you want to expand your business, first you need a good geospatial analysis of the market to gather all information about the new territory where you wish to operate. How can you get this information?
The answer is Big Data. Best of all, it is a tool for processing and analyzing data, allowing you to cross reference different sources of information and, thanks to its excellent data processing capacity, provides all the knowledge you need to make the right decisions.
This is just one example of what a specialized application designed to enhance business processes and their management can do for you. For instance, AppData, which was awarded third prize at InnovaChallenge Mexico, focuses on two aspects: finding the best location to open a business and the best area for its expansion.
In this regard, such tools help entrepreneurs to decide on the most suitable place. A Big Data app provides all the necessary knowledge: analysis of potential customers' behavior patterns, the competition and the future development of a specific area. It even lets you compare the information against other areas.
Such tools streamline and simplify processes of this kind, since information gathering and, above all, subsequent analysis is performed in real time, so it is easier to make comparisons and study all the alternatives in order to make a wise business decision that will affect the outcome of your project.
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Open banking is driving the development of new apps that are integrated into company platforms, all in an effort to offer banking services to customers. Thanks to APIs, any banking operation, such as opening an account, can be done without the need to exit an application.
Open banking has changed the financial paradigm as we have known it so far. The widespread use of new digital platforms, connected devices and technology consumers has led to a boom in business opportunities for every company, many of which are already leveraging their benefits as much as possible.
The digital transformation has not been fully implemented in the automotive sector yet, at least not as quickly as in other distribution sectors. APIs can be this sector's best ally by speeding up its digitization, especially in those areas involving the purchasing process.