Using a wireless router is an excellent way of connecting to the internet. With an increase in the number of smart appliances and the number of portable devices, easy access to high-speed broadband has become very thin.
And because of this, people have to improve their network quality, speed and security. This improvement has led a lot of people into getting the latest of networking gears such as Wi-Fi Extenders and boosters to increase the quality of their internet and to always be connected no matter the situation.
A Wi-Fi extender is a device that increases the signal strength emitted from your wireless router. The purpose of this gear is to expand the range of the signal and make it stronger.
When your Wi-Fi connection is reliable, you become one of the happiest people because of the active signal. Using a wireless router serves as a better option these days to what the Data companies are charging. Though as impressive as the router is, it’s not without its fault. From issues with the wrong signal to failed logins, these are to mention but a few.
You may have seen someone waving their phone or tablet devices in the air for better network coverage, and why is this so? Because a lot of times a bad network connection can be linked to hardware neglect. As much as we feel the need to always have a good Wi-Fi connection, many of us do not take care of our routers, or other electronic devices. We do not even know the simple steps to use in improving its signal.
Since there is a public outcry on bad internet, people should consider updating their hardware. Just connecting your device to a router may not deliver a strong, stable network. Adding a Wi-Fi extender can help.
How does Wi-Fi extender work?
The routers transmit a wireless signal through the air space for a high frequency with the help of an antenna.There are lots of factors that destabilize that wireless signal and the distance the network covers, from the newness and the signal strength of the router to the size of the antenna.
We can solve these issues from our router settings sometimes, but there are times when the settings won’t be enough to address these issues. The best option at that moment will be to use a Wi-Fi extender.
The Wi-Fi extender is just small equipment that works precisely as the wireless router works. They connect to your router through the wireless signal and then boost the signal of the network past it designed frequency limit. It keeps transmitting this signal to a distance two or three times the length of the planned frequency distance.
The increase in signal coverage comes at a cost though. It does not just flow smoothly. Apart from purchasing extra hardware in the form of the extender, the connection between the extender and the router means there’s a decrease in the connection speed because the data transfer is not direct and has to go through a third party, i.e. the extender.
While there is a considerable increase in the delay time before the data transmits to your device, it’s incomparable to the interruptions faced by a weak signal. As for when you’re surfing the internet, the decrease in speed is relative to the problem of a low-quality signal.
Only two types of extenders are available for a prolonged network signal. They are the repeaters and wireless bridges. The repeater comes with their antennas which they use to receive signals and transmits them for further use though the repeater requires no physical connection to your router network. How does it send its signal?Place your repeater within range of your network, and through the help of its antenna, it re-broadcasts the signal using its capacity. Its access point to your system is through an Ethernet cable from which it broadcast the signal like a router. This access point connection serves as a better option when you have a physical network and need an extender to boost the system to a far distance.
The second type is the wireless bridges which can connect numerous devices and grant them access to your network signal, but they cannot enhance the performance of the signal themselves.
Range of the Wi-Fi Extender
Different factors affect the signal strength of our Wi-Fi connection. These factors vary from the building materials, the many doors and door frames to the pillars of our buildings or other electronic devices. You have to figure out which of these affect the range of your signal to know if you deserve to purchase a Wi-Fi extender.
Though apart from the above listed, using an old router can also affect the signal strength of our network. If you are a victim of this problem, getting a newly upgraded router will quickly solve this problem
Apart from these cases, the position at which you place our router’s antenna can affect the distance of the signal. You should try adjusting the antenna a bit to see if the network improves.
The position at which the router is kept is another factor that affects the range of the signal. Keeping the router on a low plane will limit the signal range and cause low connectivity. Remove it from that low place and mount it somewhere high, you will see that the signal improves and last as long as the router is on the high plane.
If you have tried all these methods and the range of your signal does not improve, then getting a Wi-Fi extender is for you. Using the right hardware will quickly increase the range of your Wi-Fi signal.
The speed of the connection depends on the hardware model, the distance of your connection, the frequency type and the upload and downloads speed of your data plan.
The Wi-Fi speed travels along two unique frequencies, and they’re the 802.11b and g network that use the 2.4GHz bandwidth, the 802.11a that use the 5 GHz bandwidth and the 802.11n network that transmits across both frequencies for increased transmission. So if you decide to use a Wi-Fi extender, it must cover any of these frequencies because an extender does not include devices outside its range.
If you check all these factors and your network signal and speed refuses to increase, then you need a Wi-Fi extender.
You have to consider what you’re doing with your wireless network. If you’re surfing the web and streaming videos online, then an extender is your likely option. If you stay in a place that suffers from signal interference or weak network signal due to the materials used in the building, you may need a secondary router and a very complex Wi-Fi network.
A Wi-Fi extender is not for you if you stream lots of heavy content or need a fast connection that performs consistently. The Wi-Fi extenders do not provide long term solutions to weak network signal as you move around wherever you are. A stronger, more complex Wi-Fi signal would do the trick.
So if you’re researching to see if there’s a way to increase your network connectivity then yes, there is a way. But if you need a more sophisticated solution to your wireless problems, then you may need to seek more qualified help. The Wi-Fi extenders pose no threats to us and are in no way dangerous to our network security.
How to make an extender
If you want to save up cash and not buy already made extenders, you can make an extender by using few materials that you can source around you. The design uses a rounded reflector to send the radio waves in one direction. Therefore you may have strong signal in one direction and a weaker signal in the other.
You can use of this extender if your situation is one where the network signal is weaker in one direction and stronger in another or if you want to redirect the flow of your signal from poachers in a nearby building.
The handmade extender is called a windsurfer. What you need to make it include;
- A printed design from freeantennas.com
- Cardboard or used carton
- Glue preferably Elmer
- Scissors or pocket knife, which may come in handy to hold the design together while the glue dries up or as you trace cutouts.
How do we make the extender?
Print the cutout on white paper. Cut out the design and glue it on the cardboard or used carton. Print two designs and glue them to the cardboard if your router has two antennas.
Cut out the designed shape glued to the cardboard or carton
On the printed cutout is a double +sign which you have to remember to cut carefully because the antenna of the Wi-Fi router would go through that space. Make sure the cut on the + sign is big enough to size your antenna.
Carve a rectangular cutout from the cardboard or carton
Carve several slits on the cardboard cutout for where the printed design would be joined to the cardboard cutout.
Rub some glue on the side of the cardboard cutout. Make sure the glue does not cover the slit. Cut a thin foil the shape of the cardboard cutout and place it on the fresh glue. Smoothen it carefully to keep out wrinkles or bubbles. Trace and cut open the already cut slits onto the foil
Bend the printed cutout into two, so the + slits are perpendicular to each other. Try and push the edges of the cutout into the slits of the reflector foil. While trying to do this, the foil should face backwards.
Work on each part of the slits one after the other and try not to bend the reflector foil. Work on them till both sides are attached to the reflector foil. Slide your antenna through the already open + sign of the cutout attached to the reflector
Place the ready-made extender an inch below the top of the antenna. Rotate the extender or router as necessary, so it points in whatever direction you want a stronger network.
You should notice an increase in network signal after following these instructions carefully. Note that the opposite direction of the extender would receive weaker network coverage.
How Siloed Data Leaves Financial Institutions Open to Fraud
By Stephanie Lapierre, CEO Tealbook
Reducing the risk of fraud is a top priority for all financial institutions since fraud is responsible for massive profit loss, as well as the degradation of an institution’s integrity and brand.
In trying to prevent fraud, most executives look to protect themselves from the outside in, implementing layers of security and launching reactive measures. However, in order to truly protect your organization from fraud, it’s imperative to begin by looking at your existing internal structures. The most critical and often overlooked area to assess is how your organization obtains, enriches, and distributes data.
Streamlining and scrubbing your data can increase profitability without adding to resource spend. Having good data allows you to complete your due diligence on vendors and external entities your organization regularly deals with. It favorably adjusts your efficiency ratio and reduces risk by eliminating redundancies, conflicting information, and information gaps. In addition, it allows smaller teams to operate with increased scale and effectiveness. In turn, this leads to a more effective vendor vetting process and less room for error in payment information verification.
Conversely, poorly managed data is confusing and deceiving and can play an unfortunate role in giving fraudulent access to outside parties through internal miscommunications. For example, updates could be made in one system and not another, and suddenly different departments are working with different data sets like payment information or legal formation documents that regulators look for in audits, and no one knows what is true or accurate. This effect snowballs over time, creating massive holes in the integrity of the data, creating unnecessary risk exposure and audit failures.
All of these vulnerabilities can serve as the foundation for developing a risk management protocol that may be rendered useless if it is based on poor data. It is impossible to properly vet vendors and suppliers or verify payment information if the data is unreliable.
By investing in a solid Data Foundation, you’ll see an increase in the success of your risk management and fraud prevention measures. In many instances, you won’t need to add more steps or resources, just power your existing systems with clean, agile, and accurate data to see improved efficiency.
Here’s a closer look at the most common vulnerabilities within a typical financial institution’s data ecosystem:
Fragmented Organization Structure
As organizations grow and scale, it’s inevitable that different subsections will become isolated from one another and begin different processes for data management. Poorly managed systems can exacerbate this lack of communication and threaten data integrity.
It may not seem like cause for concern if a few different arms of an organization aren’t completely in sync. However, in the financial space, this issue rarely applies to just one or two organizational divides. For example, a prominent US-based financial institution boasts over 90 business units, all of which need to be synergized in order to prevent inaccurate data, redundancies, and problems with regulatory information gathering. This siloed information is, unfortunately, a common practice that needs to be addressed.
Unmanaged Proprietary Systems
In an attempt to serve data in a highly specialized way, many institutions have explored developing proprietary data systems for internal use. However, because of factors like employee turnover or an inability to keep up with data integrity best practices, these legacy systems quickly become obsolete and unmanaged. Their custom nature also renders them inflexible and unable to integrate with other solutions.
When trying to work around an unmanaged system, different branches of an institution may turn to different solutions. When work is being done across different platforms, this reduces visibility and increases risk for inaccuracies, which leads to poor decisions, costly rework, and potentially fraud.
If your organization is reliant on a proprietary system, consider if that system is functional and scalable. If it’s not, you may want to look into a flexible data management system that can work with other technologies.
Disparate Information Across Systems
Mergers, acquisitions, and growth also lead to using and implementing many different ERP solutions and antiquated legacy software that are forced to communicate with each other using painful manual efforts. A major problem arises from the fact that these systems operate across numerous lines of businesses, all with different siloed data. By having so many siloed systems that could be compromised with harmful data, these disparate data sources leave banks and other financial institutions exposed to unnecessary risk.
Different departments have different needs, so it makes sense that they would use different solutions, but it’s important that those solutions pull from a single source of truth in order to prevent the types of data inaccuracies that lead to vulnerabilities.
Closing the holes in your data integrity is the most proactive way a financial institution can defend against fraud. As hackers get increasingly creative and aggressive, it becomes even more critical that organizations have a trusted Data Foundation to base their decisions on. This can be achieved by ensuring that siloed systems are powered by consistent and accurate data from a single reliable source.
Three things to help fintech unicorns grow profitability
By Kash Amini, CEO and Founder of MasLife
The new breed of fintech companies is missing a trick with a massive market opportunity. Lack of customers isn’t the problem – profitability is. CEO and Founder of health and finance app MasLife Kash Amini suggests that there are three key ingredients neobanks lack in their journey to growing profit.
The ‘doom-and-gloom’ merchants are out in force, predicting that the UK economy could tank, especially on the back of a second lockdown. Devotees of 70s English rock will remember an album by the group Supertramp called “Crisis? What Crisis?”, and you can see the new breed of fintech firms thinking exactly that. Figures from Accenture’s Digital Banking Tracker show that neobanks scooped up an extra 6 million customers in the second half of 2019, tripling their customer base – even before the pandemic hit. But every silver lining has a cloud, and in this case, Accenture’s Tracker shows some of them losing as much as £15 per customer in 2019.
The new neobanks are examples of that old adage ‘old wine in new bottles’. They are doing everything that traditional banking does, but in a more seamless manner. But a seamless experience is not enough – fintechs have been focused on providing customer-friendly experience, solid customer service, flexibility, and quick onboarding. But the technology doesn’t wow customers anymore. This is what they expect, they don’t want to pay premium rates for what they consider standard.
Fintechs know they need to offer more than frictionless technology, but only the right execution will make sense to the customer – to be in line with their values and attractive enough to drive revenue.
What’s missing is the connection between the platform and users, which can ease the experience of consumers dealing with their finances. Make users feel they are part of something beyond banking solutions and give them a platform that really listens and resonates with the users’ needs and goals, without making them feel that they are just another client.
Having values and purpose is another positive attribute. Recently launched German neobank Tomorrow is focussing on protecting the climate, pointing out to their customers that not a cent goes into armaments and coal power. Another brand example – non-fintech this time – which has features and attributes fintechs could integrate into their apps, is Calm, the meditation, relaxation, and sleep app.
Since the birth of fintech, it’s been quite revealing how simplifying the user experience has made dealing with financial apps more fun, and this plays into two separate groupings of the UK population – the Millennials (born between 1981 and 1996) and Generation Z (born between 1996 and 2015). A 2019 report by finance, IT and media firm Bloomberg showed Gen Z accounting for 32 per cent of the global population – ahead of Millennials who weighed in at 31.5 per cent. It’s difficult to pigeonhole these two groups, but let’s try anyway. Millennials are ambitious, hardworking, and self-focused, whereas Gen Z is searching for truth, authenticity and looking for ethical brands. A significant number of these two groups has switched from the way the banking experience was handled previously to how neobanks handle it. That’s why there is constant growth and innovation: new designs will only amplify and substantially attract more users to more neobanks.
Don’t buy some of the negativity associated with Gen Z, like them having ‘the attention span of a goldfish’. They’re thinking critically about brands which claim high values, trust, helping the world, fighting for a better purpose. Pakistani activist for female education Malala Yousafzai – the youngest Nobel Prize laureate, and Swedish environmental activist Greta Thunberg are examples of what I think Gen Z is all about. So, you need to combine the element of finance and seamless tech and add something ethical and unique, to attract Gen Z – which are your future premium customers.
Below are outlined three attributes the unicorn breed of fintech firms are missing, which could spell the difference between an onwards-and-upwards trajectory rather than a crash-and-burn scenario.
Images that decrease the anxiety associated with financial matters, together with a calming user interface design. When the user fires up the app it promotes a more relaxed and stress decreasing approach to handling the financial app and in turn their finances. The vast majority of fintech apps are very ‘financial looking’ – aka dry as a bone, and fintechs need to address the look and feel of their applications. Customers paying premium rates for financial services, expect something more than a standard finance app, so fintechs need to add a better-designed interface, both graphically and interactively – currently that’s missing.
Incorporating nature and meditation images to give a much more holistic feel would also promote a better relationship with one’s finances. Health and wellness themes will make it more pleasant for people to deal with finances.
- Human connection
A lot of fintechs are completely missing the point of humanising financial apps and giving added value to the customer. When you’re incorporating finance holistically, it’s important to realise that a healthy relationship with money is part of one’s wellbeing and affects all the other aspects of one’s life – personal, business, etc. just as much as physical health.
Fintechs should think about adding gamification to their apps. It moves the process of dealing with money away from it being ‘just a finance app’ and adds more support to creating a healthier approach to personal finance.
Respected financial psychology expert Dr. Bradley Klontz has conducted several studies on customers’ relationships with their finances. People with money avoidance issues will avoid looking at account balances, bank statements, will not adhere to budgets and run away from their financial problems. Gamification and calming features can help people overcome the worry of opening their money account and make them feel more connected.
The way customers feel about their finances affects how they feel every day about other important areas of their lives. Satisfying the non-financial aspects of users would help them to evolve in all aspects of life, as this will ultimately bring them financial freedom.
The finance sector and most fintech apps do not have the consumer’s interest in mind. They are intentionally letting users go into debt in order to generate revenue. This isn’t the way to humanise the finance sector, and it is definitely not a mindful approach to customers’ wellbeing and future finances. Generation Z customers are looking for ethical applications, so fintechs who can show and prove they care about not just the customer, but about scenarios chiming with customer feelings – like improving the climate or minimal use of unrecyclable materials will likely be chosen.
Helping people realise how to reach their potential is missing big time. Fintechs need to give users a 360 approach to their life and realise the need for a holistic approach to customer finance.
We have seen these trends emerging in the last few months with some fintechs startups having approached new ways of engaging with their customers. But the big unicorn fintech world still awaits a strong player which will embrace these trends and cater to the current and future premium customers. Neobanks who find a way to help their customers create healthy financial habits will win their loyalty and the industry fight for premium rates.
Shifting Priorities in the Age of Digital Transformation
Creating the analytics-driven enterprise with a “strategic enterprise intelligence system”
In the Age of Digital Transformation, executives concerned with creating competitive advantage are laser-focused on the vitally important question:
“How can I use technology to beat the competition and avoid disruption?”
This deceptively simple question tends to open a can of worms when we attempt to answer it. On a daily basis, executives seek to simplify complex answers by deconstructing them into their component parts. By doing so, they hope to define and deploy said components on an operational level to create a better, stronger operating model.
This is the very foundation of the analytics-driven enterprise. Through this article, we hope to help executives deconstruct the complex questions they face regarding their investments in the technologies needed to secure a competitive advantage in the 21st century.
Shifting Priorities in the Age of Digital Transformation
Enlightened executives have shifted their priorities to compete in the digital age. To be a digital competitor today, the CEO and their team must leverage technology to:
- Drive revenue productivity – drive increasing rates of revenue with continuously lower variable operating costs by accelerating marginal revenues faster than marginal costs. Wall Street rewards public companies for their organic revenue growth more than any other KPI.
- Improve operational efficiencies – automate where automation makes sense, and drive continuous streamlining and improvement of key business processes that provide value at an increasingly lower cost.
- Enhance the customer experience – create a brand experience that insulates the customer base from competitive attacks and mitigates the risk of being disrupted by either traditional competitors or new entrants.
- Monetize data assets – gather, store, analyze, and move digitally-derived insights to where they are needed to drive operations, service, sales and marketing. Leveraging the company’s own unique data assets is the key to “cracking the code” and winning in the 21st
Enlightened executives have come to understand that next to their people, data is their most valuable corporate asset. The ability to leverage 21st century technologies to monetize data has resulted in an explosion of technologies of many different types designed to generate high ROI and sustainable competitive advantage from data assets residing both inside and outside of the enterprise.
Data analytics and Business Intelligence (BI) technologies are included in those high-ROI technologies. As evidence of the digital transformation explosion currently underway, in September of 2020 the cloud data warehousing firm Snowflake recorded the largest initial public offering in history. The company sold 28 million shares to raise nearly $3.4 billion. After trading over $300, Snowflake stock closed at $253.93, up 112% from its offering price. Warren Buffet’s Berkshire Hathaway fund is a major investor.
Cloud is but one component. The digital transformation market based on technology is segmented into cloud computing, AI, big data and analytics, mobility/social media, cybersecurity, IoT, and others. The global digital transformation market size is projected to grow at a CAGR of 16.5% from USD 469.8 billion in 2020 to USD 1009.8 billion by 2025. The AI segment is expected to grow at 30% + CAGR during the same period.
Gamechanger: The Rise of Big Data
The emergence of big data as a source of competitive advantage has changed everything. The hype rages on as the continuous, 24/7/365 onslaught of structured and unstructured data has triggered both unprecedented opportunities and major disappointment.
Cutting through the hype surrounding big data and making it actionable has been a major source of heartburn for business teams. As a result, the technologies associated with making big data actionable—organizing it, analyzing it, and creating useable output that drives the four priorities outlined above—has become a priority for global enterprises across all sectors.
Managing and monetizing this “Big Data Tsunami” has become a top priority for CEOs around the globe.
The Rise of Business Intelligence (BI) Tools
Business Intelligence tools include key features such as data visualization, visual analytics, interactive dashboarding, and KPI scorecards with minimal IT support. They allow business users to utilize automated reporting and predictive analytics in a self-service mode to operate the business and build their “strategic enterprise intelligence system.”
Becoming an analytics-driven enterprise is essential in the Age of Digital Transformation, where start-ups are emerging in every sector, taking share from established brands, and inhibiting improvement in core KPIs.
The data analytics BI tools served up in visualization dashboards typically consist of four categories: 1) Diagnostic, 2) Descriptive, 3) Predictive, and 4) Prescriptive. Diagnostic and Descriptive analytics tell the company what happened and why, while Predictive and Prescriptive analytics tell the company what to do and when to do it.
Properly integrated, a strategic BI solution can let the business both look “in the rearview mirror” (diagnostic and descriptive reporting) and “through the windshield into the future” (predictive and prescriptive actions). This allows the company to optimize its approach to customers, products, and markets, as well as drive core KPIs to new levels.
BI tools, when integrated properly with other data and analytics assets and organized for the unique needs of the business, can create a strategic enterprise intelligence system. Their benefits include:
- Data consolidation across business unit, data and technology silos—a single version of the truth at the enterprise level
- Self-service analytics unlock data access so data can be monetized
- Elimination of manual tasks
- Reduced costs
- Real-time access and reporting
Today, the world’s most innovative companies are using complex combinations of these commercially available suites combined with their own proprietary data analytics to drive the performance of these suites to even higher levels.
To learn more about building a strategic enterprise intelligence system, and how digital champions are transforming their business models using data insights, check out The Benefits of Business Intelligence Suites for Executives on Trianz.com.
This is a Sponsored Feature.
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