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Dynamics of Digital Banking: 2020 and beyond

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2020 has marked the end of crucial Financial services in the country due to which we have witnessed a lot of disruption and positive innovation that brought about new opportunities – not to mention, challenges – for Banking Industry and thus enabling banks and financial institutions to prepare for the opportunities and challenges that lay ahead. The most important innovation among all these is the stiff competition we are facing these days with the developing innovative technology in the market. 

With the increase in the use of the Internet around the globe, consumers are becoming tech-friendly and shifting from the traditional banking method to the Mobile banking method especially digital payment solutions.

This Digital payment system has offered its users the best convenience, speed, and reliability compared to conventional banking systems. To compete with these new Agency Banking solutions or the peer to peer payment application Banks and financial institutions are struggling to align with the shifting consumer behaviors and expectations. Below are the key trends which are expected to impact the digital banking sector for the year 2020 and beyond.

Also Read: WHY DIGITAL MARKETING IS ESSENTIAL IN 2020?

International Payments would be transformed via technological innovation

In today’s technological world no one is willing to pay hefty processing fees for cross border payments. As the customers would be demanding smooth payments the banks will be competing to offer ever faster cross-border payment services to their customers. This will lead to wider adoption of new technologies thus enabling the banking sector and other financial institutions to transfer payment in time at a fraction of the cost with the incumbent process. Thus making 2020 a year for the banking industry to increase efficiency and innovation for cross border payments.

Also read: How Digital River helps Global Commerce Flow Smoother than Ever Before?

The rise of the banking industry as a service will drive stronger competition in the market

 Nowadays with the growing innovation, the banking industry is facing huge pressure to cut down the technology cost and due to which more and more financial institutions are turning to cloud providers to help radically reduce their IT costs. Developing FinTech Innovations like Blockchain, AI, and cloud-based solutions are cost-effective and are creating a strong competitive advantage for agile, forward-looking financial services providers that embrace digital innovation – intensifying market competition around the globe.

Many well known Cloud Platform players like 10X and Thought Machine are great examples of this new paradigm shift which is being adopted by banks, and it is assumed that more players would be entering the market in 2020 and beyond. Thus replacing the on-premise banking with more agile and affordable cloud-based digital banking solutions.

Also Read: Razorpay- A Company Leading In The New Digital Payment System

Digital payment solutions

In 2020 there is a new rise in consumer purchase solutions for tourists and travelers to enable cross-currency payments without any cards. It can easily be done with the help of Mobile Banking software QR code within a fraction of seconds. This Digital payment solution could have a huge impact on the banking industry thus bringing more opportunities for payment providers in the coming months.

Also Read: Sorav Jain: An Indian Entrepreneur Crusing Down the Bay of Digital Marketing

Micropayments will become mainstream

With the help of technological innovation, there is a huge cut down in the processing fees of payments which in turn is making use of micropayments more feasible. Earlier micropayments were confined to messaging apps but as big tech companies are introducing there own digital payment services they need for micropayments is expanding far beyond. In 2020 many developers would be coming up with solutions to satisfy demand in-app, real-time micropayments. For example, micropayments can be used by incentivizing players in the gaming industry to creating new payment models for the streaming of online content or paying for energy/electricity bills.

The rise of digital lending

The adoption of digital banking technologies has the potential to be a game-changer for SMEs all around the globe. For traditional banks and financial institutions to stay competitive in 2020, they need to introduce digital lending services. As we all know due to the COVID 19 outbreak SME market has been rewarded with many offerings it has become a must for the traditional banking and financial institutions to provide a far more flexible, efficient, and effective approach for the SME’s.

This digital lending process will help them to improve cash flow and reduce the cost of running a business while freeing up there capital for reinvestment. This will lead to an increase in digital payment services for SMEs which would help them to expand and process immediate payments thus improving access to new markets. Thus, In a nutshell, it can be said that digitalization is going to be an active part of the Financial and banking sector.

It can be said that that upcoming innovative Digital technology for the Financial and Banking sector is continually changing and adapting itself to regulations and opportunities. It is assumed that the Financial and Banking services in 2020 will make complete use of cloud-powered technologies like AI, machine learning, blockchain, big data, and analytics to continue there services for its customers.

internet-marketing

WHY DIGITAL MARKETING IS ESSENTIAL IN 2020?

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It is 2020. Obviously, we need innovative technologies. We are heading forward with new digital marketing trends and hope for the best in 2020. We can never feel free and secure without being online. It is not just about social media; we can be online through various means too.

Here, about 33% of people spend their time on social media, 16% on online TV, 16% on music streaming, online press has received 13% of people, and 22% on other variety of sources. These people are also trying to use the internet effectively in order to develop the business industry. They must identify it through online tactics due to which it can show its brand to targeted audiences. This is the reason digital marketing became one of the most important parts of the business field.

Digital marketing presents every business digitally up to the audiences. Customers will be able to know about every product and service of the business of their interest and need. Brands can be noticeable only due to strong and effective digital presence up to target audiences.

This is much easier than offline and physical business. You can conduct various events and campaigns to update sales information, to present a free demo, etc. This effort helps in generating leads, conversions, customers, etc. Some of the reasons to use digital marketing strategies are described below.

Also Read: Sachin Dev Duggal’s Start-Up Is Helping To Strengthen The Digital Marketing Community

Get high-rate conversion

No other channels can beat digital marketing to generate a high rate of conversion. You can get a higher conversion rate after having forward on forming leads, number of sales, subscribers, and obviously after having maximum traffic. It can be generated after conducting online events or campaigns through various channels like SEO, SEM, SMM, etc. Thus for the advancement of any business conversion rate would be exceeded after having digital strategies in 2020.

Also Read: BOOST MEDIA- Providing High-Class Digital Marketing Services since 2011

Interact with target audiences

Digital marketing is essential in 2020 because it helps to interact with the target audiences smoothly and transparently. If you prepare a simple pamphlet or brochure for the advertisement of your business, it may reach up to a certain number of people but ads do wide advertisements. This ad proceeds to certain demographics. Ads are for them who are interested in your product and who really need you. The ads can’t go wasted if anybody doesn’t see it.  This is the capacity and power of the digital world.

Also Read: Sorav Jain: An Indian Entrepreneur Crusing Down the Bay of Digital Marketing

Brand awareness

You have to be in contact with your customers after any business contract. Communication with your customers will let you be aware of your services and if they satisfy you, customers. If you solve their problems immediately, then they will be attracted to your service and your brand will be inside the heart of those customers.

They will be sure about your dedication and attention to the business. Reputation of every business is not decreased by their brand; it would be so due to less attention of business towards their customers.  

Also Read: Oodle Defined A New Way Of Digital Advertising

Generate Better Revenues

After conducting best events and campaigns, every business organization can earn better revenues than the organization that is running without digital strategies. Digital marketing can change the pattern of marketing. Through various channels of digital marketing, you will target millions of audiences.

After that you will be presenting and informing about your service and brand to them. And finally, you should motivate those targeted audiences to be involved with you. If this continues for a long period of time, you will have you will earn continuous leas and maximum conversions.

None of the business entrepreneurs will face the problem to reach tools and services personally. You will be interacting with them through digital tools that are available in 2020. So I am saying digital marketing is best in 2020 to generate better revenue.

Also Read: Fiverr: A Two-way Platform for Selling and Buying Digital Services

Cost-effective

Digital marketing is affordable to every type of business organization because digital strategies are cost-effective. Even small business that is running their business with minimum capital can use digital marketing strategies for bests result.

This they can have better leads and conversion too. If products are advertised digitally by running them on various channels like Google, social media, etc, it would get more attention than the products advertised physically. So both small and large business organizations can use digital marketing strategies in limited capital with the best returns. 

Also Read: Daniel Hegarty: The Founder of Habito, UK’s Digital Mortgage Broker

Reach mobile users

In this 21st century, everyone is using smartphones and spent most of their time being online. Half of them discover unseen and latest brand while searching. Mobile marketing is only the way by which customers can’t ignore the advertised product.

Therefore, always focus your business to make poplar through social media, email marketing, ads, etc. Be concentrate on optimizing your website and making it mobile-friendly. Due to which everyone will be able to be updated about your every campaign, videos, blogs, events, etc.

Also Read: Gearing Up for the Future: Story of Responsive web design(RWD)

Make business trustable

There are unlimited opportunities for business but if it is not done properly, it can harm the same business badly. Through strong and effective websites, it is possible to get the trust of customers. After using your product or after getting services from your business, they feel free and confident to use your brand in the future.

computer-repair-jobs

What does a computer repair technician do?

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PC technician: Job Outlook and professional information

Personal computer (PC) technicians or computer repair jobs are skilled workers in the general field of repairing computers, ATMs and office machines. Learn the requirements for training and further education in order to become a PC technician. Find out about the salary and career prospects for this career, as well as some alternative career opportunities.

Also Read: Tadao Kashio’s Journey to start Casio Computer

Career definition for a PC technician

PC technicians diagnose and repair hardware and software problems for PCs, often at the customer’s. They plan routine maintenance and keep an inventory of a company’s computers, printers, and copiers. There are various other career opportunities for trained and experienced PC technicians. You can become a computer network supervisor, open your own repair shop, or have a career in repairing other computer-controlled devices such as alarm systems.

Training required

The general education requirements for a career as a PC technician include an associate’s degree or a certificate from a vocational school. Some students complete bachelor’s degrees in computer science that are offered by many universities and colleges. Some of the courses included in these programs include courses in computer technology, electrical system design, and system administration.

Skills required

PC technicians are expected to have good computer and staff skills to make customer service calls. PC technicians must be highly competent in controlling the use of hardware and software. In particular, they need to understand how personal computer systems interact with each other. You should also be able to repair other components of the computer system, e.g. B. Printers, modems, and other accessories.

Also Read: Billionaire Beny Alagem’s Computer Company Acquired By Pbx Holding

PC Repair

Daily tasks

Due to the variety and scope of responsibilities and tasks that a PC support technician has to perform, it is difficult to pinpoint the exact daily tasks. The following list contains some of the most common daily tasks performed by a PC support person. Even if you work as a technician, don’t be surprised if you perform tasks other than those listed here:

Provide support for computers – PC support technicians provide technical support to clients or clients, either personally or by telephone. Supporting users is the job of a PC assistant technician.

Software Maintenance and Upgrades – Often, a service package or upgrade package is done as soon as a new software package is released. These updates provide a solution to the problems identified in the program. Technicians need to be aware of these software patches and can use them to troubleshoot software issues.

Also Read: VMWARE, SUCCESS STORY OF A 21 YEARS OLD SOFTWARE COMPANY

 Maintaining a troubleshooting record and troubleshooting computer-related problems is very repetitive. Technicians who have worked in the computer industry for several years will have a detailed history of problems and solutions.

Diagnosing and troubleshooting software and hardware issues – In short, this technician must be trained and hired. Illegal operation, be it a bootable disk or a faulty CD-ROM drive, can diagnose the technique and resolve the problem. In many cases, this problem can be resolved while the computer is on the client’s desktop, but sometimes the computer must be removed and a replacement drive replaced. This often requires transferring data from one computer to another.

Career and economic future

The US Bureau of Labor Statistics (BLS) estimates a 2% reduction for computer repairs, but will see 11% faster job growth for computer assistance specialists from 2016 to 2026. The needs of computer technicians will continue to grow as computer usage grows. for decades. Data collected by BLS in May 2017 averaged $ 18.13 per hour on computers, automated counters and office machine repairs, or $ 37,710 per year. Computer-assisted specialists earned $ 52,810 in salary over the same time frame, according to BLS.

Alternative Career Opportunities

Installer and repairer of the telecommunication station

Like computer technicians, telecommunications equipment installers and repairs install equipment, such as telephones, modems, and cable television equipment, and are called upon to repair this equipment when they cause a malfunction. Telecommunication workers often require a certificate or a degree in the telecommunications-related field career, and on-the-job training is common. As of May 2017, this employee received an annual salary of $ 53,380, according to BLS. BLS has recorded an 8% decrease for this project from 2016 to 2026.

Also Read: Randall L. Stephenson – A Dazzling Star In The World Of Telecommunication

Social worker

Those who prefer to see things other than a PC might want more than the role of work in a job as a general carer. Routine maintenance staff and repair equipment, piping systems, and other household items. These employees often do not handle technical training or vocational training, but they can take high school retail classes or complete vocational programs with classes in many fields, such as electrical equipment. lightning bolt, or pipe. To learn the job, a care worker may have to work with an experienced worker. On average casual workers earned $ 37,670 in an additional year in 2017. Employment growth in this sector is expected to increase on average, with an 8% increase in work performed by non-BLS between 2016 and 2026.

car rental software

Top 7 Reasons for choosing a car rental software for your rental business

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Initiating a business on rental services is trending across the world, that due to the human’s mindset to choose products and services on rental than to buy it. There are many more reasons behind choosing rental services as these are cost-effective and we don’t need a space for them in our home.

Car RentalSoftware

Also Read: Travis Kalanick: A Billion Dollar Uber Ride

Without taking stress about the size, shape, and space, any product and service can be rented relied on the demand, in this way both renter and owners are profited. For an easily accessible and reliable sharing of cars, people prefer can rental software

Yes. Mobile transactions are getting high traction.

In 2019 we have seen the highest increase in the number of payments via mobile applications as most of the banks are also providing their mobile banking services. Awareness of lower emissions and increased concern has tended to an increase in car rental alternatives. Carpooling and car rental primarily help in decreasing the number of cars on the road.

The global car rental market in 2015 was valued at $79,648 million and is expected to increase $164,335 million by 2022, increasing at a CAGR of 11.6% from 2016 to 2022. With the drastic increase in population and pollution levels, the car rental business has seen a huge transformation over the past few years. It is becoming the best and most trustworthy industry in fleet transportation.

Also Read: Lyft: Making Car-pools Comfortable and Profitable

According to Statista reports, we can measure the growth of car rental business easily:

  • User penetration is 3.4% in 2019 and is expected to hit 3.8% by 2023.
  • Revenue in the car rentals service amounts to US$59,518m in 2019.
  • The average revenue per user (ARPU) currently amounts to US$236.07.
  • In global comparison, most revenue is generated in the United States (US$21,783m in 2019).
  • Revenue is expected to show an annual growth rate (CAGR 2019-2023) of 3.2%, expecting in a market volume of US$67,463m by 2023.

Need for Car Rental Software For Fast Growth Of Car Rental Business

Based on the above reports, it has proved that the car rental industry is the fastest growing and highly profitable sector across the world. But, this is the age of app technology and user needs everything in a mobile device. So, to grow your business with a bullet speed you must go for a taxi booking app development company to get a fully-functional and user-friendly taxi application for your business.

Also Read: Cabify: The Leading Exclusive Ride-Sharing Service from Spain

A taxi booking app helps you manage bills, solve disputes, invoice generation and make interaction easy between owner and renter. Its interactive and efficacious admin panel assists administrators to manage the whole system productively.

Let me list out the top reasons for choosing a car rental software for your rental business

Grow your business

A taxi booking app development company ensures that your car rental business runs for the extra mile by offering marketing-supported features and data analytics. With the use of innovative tools, your rental business can easily unlock various revenue opportunities. With the help of car rental software, you can spread your business worldwide without going anywhere. Such software also increases the productivity and revenue of your business.

Fleet Management

Managing inventory with business growth has become a tiresome task that needs consideration, time, impacting productivity and profitability. A robust mobile application allows you to easily access information anywhere and anytime at your convenience. with the help of GPS and tracking information fleet management feature offered in the taxi booking app decreases the risk factors such as mishandling, misappropriation, or theft while the car is under the care of another.

Also Read: Unleash The Passionate Traveller Inside You With TripAdvisor

Online Presence

Definitely, in today’s competitive market, it is only the technology that drives the world, to show your presence worldwide, an app or a website is an essential tool to interact with your users. In this manner, a taxi booking app is the most successful resource for your car rental business.

Improve customer experience

Taxi booking app also reinvents the way people choose rental services. Professional car rental app development companies infuse user-friendliness with an intuitive and clean mobile app to provide a simplistic and quick booking experience to your users.

Also Read: The Smart Taxi : India’s Premium Cab Service; ‘Travel in Style’

User Engagement

The most important part of booking a taxi these days is an app or a software system. In today’s competitive market getting customer’s attention towards your products and services is very typical. But if you have an online presence through software or an Uber-like taxi app then it becomes easy to engage customers with your business by helping them to fulfill their car rental needs by their mobile devices.

Get the car information anytime

Whenever a user order to rent a taxi, ensuring the availability of a car can be troublesome. In worst situations, it can also impact the reputation of your business because you fail in meeting renter’s needs. Rental software or app assists you track the car availability just by utilizing the serial number or a car number that has been integrated or added to the inventory. With a taxi booking app, it also becomes easy to see the timeline in terms of the number of cars available to serve at that time.

Also Read: Gett : Online Taxi Service, Making the Lives of Israeli People Easier

Detect Any Damage and notify maintenance

Rental software assists you to get the details of what damage item or what lost. So, in case you want to charge the consumer, the bill will be issued automatically. As we know that every car needs maintenance after some time, so with a rental app you will get notify when the maintenance needs to be done.

Conclusion

Providing the best renting experience for customers is very essential. It will pull your car rental business rapidly and make you the winner of the market. Satisfied customers always suggest your services to others. To maintain it for a long, you need to have a taxi booking app or car rental software.

Also Read: Yandex – The Google of Russia Simplifying the Lives of the Russians

Personal information

6 Smart Ways To Help Protect Your Personal Information Online

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Personal Information

In today’s technology, the internet is a golden key for you to access millions of contents online. Nowadays the internet became convenient as many of us are busying using to transfer and store personal data onto the cloud storage. Well, is storing personal information online 100% safe? The answer is no. Many of us wouldn’t aware of the importance of internet privacy unless our personal information getting stolen by online hackers. This would be a serious matter because a piece of personal data leaks online can destroy your future. Therefore, here we are going to share with you the 7 smart ways to help protect your personal information online.

Also Read: Facebook to Acquire GIF-giant Giphy in A Major Tech Buy-Out

Create a Strong and Secure Password

Do you know that criminals are getting smarter to guess your online account password? Especially when your password length is too short. The key aspects of a strong and unique password come with a mixture of upper and lower cases, numbers, and symbols. It should not tie to your personal information such as birthday, identification number, passport, or mobile number. We would suggest you to use a password generator app to generate a strong, secure and unique password for your needs. Do note that you need to change your password often too.

Also Read: INDIA’S OWN VIDEO CONFERENCING TOOL SAY NAMASTE GIVES A STRONG COMPETITION TO ZOOM

Set up Multi-Factor Authentication

Multi-Factor authentication act as a double layer of security that designed to ensure you are the right person who can access your account. Even when you enter a correct password, you will still need to enter an authentication code or a one-time password (OTP) in order to fully access your personal information. Although the multi-Factor authentication may seem a little troublesome but it is one of the best ways to protect your personal information online. This popular security tool is also commonly used in many offline places such as shopping malls or attraction areas whereby it involves e-wallet payment. Regardless you are doing personal or business transactions online, this feature will give you a safe and secure sensation at all-time.

Also Read: The 45-years old Japanese cartoon will start rerunning its episodes due to the COVID-19 crisis

Close Unused Accounts

Some of us are using the same email address, password, banking details throughout all online accounts. Imagine hackers are smart enough to hack your unused account email address and password and duplicated it onto your existing accounts. That’s it, your online account is hacked. It is a good practice to close all your unused accounts to prevent such unnecessary moment to happen. By closing unused online accounts, it also helps to reduce your chances of personal data being leak online.

Also Read: Musk Threatens to Move His Production Center Out of Fremont

Keep your device software up-to-date regularly

If your device prompts you for software updates, you better do it immediately! This process allows you to get the latest security updates as well as to improve the functionality of the device. It may sound time-consuming but it assures you to kick-off hackers on your devices. Be mindful that the update includes your operating system and antivirus software.

Do not use Public WIFI Connection

Public WIFI is also well-known as shared WIFI among the communities. Anyone can connect to public WIFI and access to the internet freely. We do not recommend any online transactions if your device is connected to a Public WIFI connection Reason because most of the Public WIFI connection is not encrypted. This means that there is a risk of people spying on your online activity based on your IP address. Please make sure your device’s antivirus and firewall are turned on at all-time.

Also Read: Harald Hass- German Professor who coined the new Li-Fi technology

The alternative best way is to connect your device with a VPN (Virtual Private Network). This helps to double-up your online privacy protection. How does it work? VPN creates a secure connection through using a proxy to hide your real IP address and keep your online activity private.

Do not click on Suspicious Email and Links

Do not fall on hacker tricks! There are many ways hackers can attack you online and the most common way is through a phishing email. This type of email usually comes with a promotional link that will bring you to a fake web page. Do note that hackers can create a web page 100% lookalike the original web page. Likewise, please do not key in any personal details if you think the website is fake. You can always check with the company customer support before proceeding with any actions.

Instagram

How to Get More Instagram ‘Hearts’ on your posts

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Well! Instagram needs no introduction. Launched in 2010 and a heartthrob of app users all around the world ever since, Instagram enjoys about 100 million active users per month. If you are a user too, this blog can help you with the caption section to keep you popular! Read on!

Captions are Important On Instagram

Instagram is a website based on visuals. When you post a picture, there is a section that lets you write a description for your picture. But is it enough to just post a visual and expect to maintain a good number of followers without explaining it? Probably not. Also, it is an altogether different story if you are handling a business profile. You need to be precise and clear about the stuff you post. This includes the picture AND the text connected to it. Only then can your Instagram community help you grow your business, productively promote your brand, and reach the number of audiences that you initially targeted.

Also Read: Instagram Comes Out With New IGTV App Updates

So, this means you have to have several active members to see and like your posts. Not only like, but also engage in commenting on them. If the participation is somewhere between 3% and 6%, you are going well. If you are above that, thumbs up, but below that, this is a warning sign of a dying account (Don’t say you weren’t informed!)

Let Go of Your ‘Once Upon a Time’ Tales, Now!

If you into the habit of writing long tales, sorry to break it to you, but Instagram is not your place. You have to keep your descriptions short. If your post is about some knowledge-based content, the picture you shared should be able to do most of the talking. The caption is there to facilitate the image with a context. Remember: the idea is to inspire, not to bore!

Also Read: Facebook to Acquire GIF-giant Giphy in A Major Tech Buy-Out

Maintain a specific brand and individual style, but also trim it to the specifications of Instagram. In a harsh rude virtual world, Instagram stands as a friendly place, and it is easy to build a business relationship here. Keep your tone friendly. Be direct and neat about your use of language.

Pro-tip: a pun here and there won’t hurt!  

Use Emojis and Smilies!

As mentioned before, Instagram is a friendly place. It is open for informal communications. The use of emojis in a caption can add extra life to it. Most of the time, emojis depict moods better than words ever can! (Yes, you are not the only one who thought so!). You can highlight your text by pointing an arrow towards it, choose a coffee cup from the emojis (it is too cute to handle!) instead of writing it.

Pro-tip: Emojis are your friends, just do not overuse them. This can make your text look dull, and a little too informal (and non-serious) if it is a business-related post.  

Also Read: Jacob Blackstock: The Person who Transformed the Emojis into More Realistic Bitmojis

Write an Assertive Caption!

A good caption is the one that invites people to do some action. You can give a dare to people to write a comment in parts without breaking the tempo of it. You can also ask a question in your caption. Also, you can ask people to tag their friends in the comment section. This will increase your traffic. But your post must be catchy enough to retain the traffic. It should include something that can make people stay on your profile, ideally, follow it. Just remember to be assertive. Use words like ‘GO!’, ‘Win’, and ‘MUST’ in your caption. It doesn’t make it necessary to do it. But mentally, they’ll feel the compulsion to do it if assertive words are used.

Pro-tip: Ask people to use your product, and share their views about it. And those already using it, ask them for their feedback.

Also Read: INDIA’S OWN VIDEO CONFERENCING TOOL SAY NAMASTE GIVES A STRONG COMPETITION TO ZOOM

Search for Your Posts!

Want to know if your catchy captions strategy is working? Search for your posts on Instagram. You can do that by putting in your hashtag, or by your location. If you have people writing for you or promoting your business, this is the way to check it. Check if you are getting mentioned in posts and hashtags. You can also do it by using a media monitoring application. For example, if I want to check my remaining data package, I would look for Instagram hashtags mentioning Optimum Customer Service number. It will show me every post linked to it.

Pro-tip: Allow your media monitoring app to send you notifications every time your name or brand name is mentioned in a hashtag!