by Anika D | May 4, 2021 | Business, Emerging Technology
There are many benefits of IT staff augmentation for startups and businesses alike. Staff augmentation is a business tactic implemented by organisations. They use it to hire knowledgeable and experienced employees on contract from a reputed outsourcing partner. Additionally, many organisations contract with software development firms which offer staff augmentation services. They build an effective team to cooperate with your existing staff and help your business to reach new heights.
Staff augmentation plays an important role in accomplishing your development goals. It’s good for tech startups that want to adjust their costs, launch products, and help grow their internal staff. In addition, because of the pandemic, staff augmentation gained popularity. This is because many startups prefer knowledgeable candidates to fulfil their requirements and busy schedules rather than full-time permanent workers.
Here are the 5 advantages of IT staff augmentation for startups:
Reasonable and flexible
One of the best advantages of staff augmentation is saving the cost. Flexible hours and flexible salary give you the opportunity to control the number of employees working on different projects. It’s based on how many workers you currently need. In addition, with staff augmentation you only have to pay for the hours or the duration they have worked on your projects.
Recruit skilled personnel with excellent knowledge
Hiring skilled IT specialists to accomplish your business’s goals is not an easy task. But with staff augmentation you can easily recruit highly skilled experts from across the world who will dedicate themselves to achieve your project goals.
In addition, staff augmentation provides top-notch technicians to meet your company’s requirements at reasonable cost and for the exact time period you need their expertise.
Simple and short hiring process
With evolving technology, it is necessary for tech startups to stay ahead of their competitors and be innovative. As a result, cost and time are very important resources. In this case, wasting time on the hiring process may result in losing precious time which can be utilized in other important works.
Moreover, there is a risk to work with independent workers and hiring devoted HR team may be costly. Therefore, staff augmentation partner makes the entire hiring process short and simple and saves your time. In addition, they have a qualified HR staff that selects talented and knowledgeable employees to achieve your project goals.
Transparency and control over projects
Another benefit of staff augmentation is that it gives you the opportunity to track the performance and status of current projects, and have full control over the projects.
Moreover, staff augmentation allows you to interact directly with your team, provide them necessary information, promote transparency, and improve efficiency of operations. This makes the development cycle easy and generates positive results.
Maximum output and creative ideas for projects
Implementing staff augmentation saves the development costs which allows you to recruit more skilled personnel and maximize output. It is necessary to work with knowledgeable people as they will come up with creative and new ideas and different approach to accomplish projects goals.
The above benefits of IT staff augmentation show that staff augmentation is crucial for tech startups. It’s because there is a requirement for highly skilled personnel around the world and also allows you to control the projects.
by Anika D | May 4, 2021 | General
There are many businesses which are online and the pandemic has forced others to go on. With the passing year we will witness the evolution of technologies and the solutions that will boost the software development market.
People are investing in AI-assisted software, Robotic Process Automation, Progressive Web Applications, and more. It will be interesting to watch what changes will be made in software development. This article focuses on technologies and software development trends that will evolve in 2021.
Artificial Intelligence (AI) Powered Meetings
This pandemic has made online meetings necessary. Meetings can be of any type like standups, one-on-ones, brainstorm sessions, and others. Business owners are now showing up different and creative ways to monitor meetings.
In addition, some of them provide attractive backgrounds, slide share tools, whereas some offer facial recognition techniques to boost participants’ morale. Artificial Intelligence will improve our meeting experience and will see tremendous growth.
Progressive and Hybrid Development
Progressive web applications (PWA) is one of the latest app development approach in which applications can execute on all platforms. Only one team of software developers manage hybrid applications, on the other hand, native applications are handled by two separate teams: iOS and Android.
One of the best advantages of hybrid applications is they are lightweight, adaptable, and present on popular search engines’ radar.
Low-code to No-Code Development
Low-code platforms use drag-and-drop editors to allow non-developers to create applications in less time. In addition, low-code development has a lot of potential. However, with advancing technologies, we will see the age of no-code coding.
In addition, no-code coding is a development technique which involves developing apps without writing any code. Moreover, the no-code development helps new developers to create applications easily writing no codes.
Native Apps Overflow
Many enterprises believe that native apps are the future of e-commerce industry. Also, native applications offer several advantages by combining traditional websites and power of applications. One of the best advantages of native apps is that they are free from the obstructions which surround mobile applications. Progressive Web Apps are simple to use, lightweight, and native.
Human Augmentation
Human augmentation involves technologies that assist people imitate, increase, and surpass their natural skills. These technologies include devices that are built into the body. In addition, some of these technologies can convert sign language into speech, reinstate power of sight and hearing, develop tissues, and others. There are many other technologies which allows humans to perform things that are beyond their limits.
Cybersecurity
Cybersecurity has become one of the biggest requirements of businesses. As the technology evolves, the number of cyberattacks also increases. Many businesses suffered data breach which resulted in huge loss.
That is the reason why more and more companies are investing their money in cybersecurity. In addition, it prevents the cyber criminals from attacking company’s data. Also, machine learning algorithms help companies to detect fraud and protect their data using firewalls and other software. Read about the most common cyberattacks in 2021.
In this competitive world, advanced technologies play an important role in keeping your business ahead of competitors. Every business must be ready to adapt the changes made in technologies in upcoming years as it will decide your company’s future.
by Anika D | Apr 1, 2021 | General
For the discipline of the enterprise, data science is the antithesis of Artificial Intelligence. By availing the whole spectrum of data at their disposal, businesses can discover data science boundaries to master in data preparation.
With the diversity in data requirements and problems, comes an extensive choice of innovative solutions. These solutions often bring a host of data science trends with themselves.
It grants the agility to the organizations that they need to offer deep insights into their data. In this guide, you will get a glimpse of data science trends in 2021.
Hybrid Cloud
In order to manage the team’s demand for better agility and near real-time response, cloud tech, as well as edge computing, is essential. Cloud engineers can deploy AI models to incorporate IT systems to exploit capabilities and focus on cost optimization.
More Applications Draft With Python
Python is an all-rounder language program in the world of “Data Science” or “Data Analysis”. This is because it consists of enormous free data science libraries, including machine learning libraries. You can also use it to develop blockchain applications to improve the economy.
Increase In Demand For End-To-End AI Solutions
It helps venture customers to set and builds machine learning models to set large data. In this way, organizations can expand their valuable and deep learning insights from their huge amounts of data. Further, it automates imperative data management tasks.
Hence, businesses are in need to have an end-to-end data science solution for growth perspective.
Corporations Hiring More Data Analysts
The need for data analysts is continuously increasing over the last five years. Mostly this requirement of a data analyst is coming from the Internet of Things as well as progress in cloud computing.
The global data storage is about to grow from 45 zettabytes to 175 zettabytes by 2025.
Data Scientists Joins Kaggle
Kaggle is becoming popular and increasing to become one of the significant data science communities. With more than five million users, it is still expanding its scope.
To commence the machine learning journey, many potential data scientists are now starting it with Kaggle. With this now, scientists can even allocate data sets to solve data science confrontations with neural networks.
Increased Interest In Consumer Data Protection
Consumer consciousness about their data privacy is also increasing. According to a survey, more than half of all customers are now paying more attention to data privacy.
Platforms like Google, and Facebook that previously collect and share user data liberally, now face both public scrutiny as well as legal backlash.
And when it comes to the future attainment and use of consumer data, this might become a bane for data science.
Augmented Analytics
It refers to constrain some superior insights from the facts in hand by eliminating any erroneous conclusions. By infusing augmented analytics, machine learning, and artificial intelligence, scientists can plan a new model. Hence, it holds a strong position for better decisions that are free from errors.
Conclusion
As organizations start to grow in every aspect of their business, they produce more data. And “Data Science” can help them to evaluate their areas of improvement to deliver their maximum efficiency.
by Anika D | Mar 28, 2021 | Blockchain, Business
BlockChain is open, dispersed ledger accounts that keep the record for all transactions between two parties efficiently. It contains a sequence of data for every transaction of each individual. Blockchain Use Cases in banks and finance are very popular these days.
The best part is that all the customers can easily share a digital ledger, and there is no need to look further for any centralized authority. This makes transaction processing with blockchain faster.
It is not only restricted to speed, but you can also make money with blockchain.
If you want to know how blockChain use cases in banks, you are in the right place. Let’s learn how it offers a new level of transparency as well as security to its banking customers.
Quick Payments
With the adoption of decentralizing channels for payments, banking institutions can facilitate quick payments. Further, it facilitates more security to every individual as well. Moreover, 90% of the European Payments Council members consider that blockchain will change the payment industry by 2025.
Better Clearance and Settlement Systems
It may also enable bank transactions to get completed directly and maintain track in a much better way. With this, there is no need for financial bodies to rely on a network of regulatory bodies and custodial services. Hence, it becomes easy to settle transactions.
Raise Funds
All organizations that deal in blockchain focus to speed up the process of payments by raising funds with different alternatives. It includes firms like Equity Token Offerings (ETO), Initial Exchange Offerings (IEOs), and Security Token Offerings (STOs).
Loan and Credits
In traditional financial institutes, they underwrite loans only after verification of credit reports. But with a new approach of blockchain, customers can have peer-to-peer loans that are safe and fast as compared to the traditional ones.
Trade Finance
Another area where blockchain can revolutionize the concept of their working is the trade finance sector. Trade finance includes all the financial activities for international trade and commerce.
So, the concept of blockchain in this sector helps to streamline the trading process with digital documents, which you can access from anywhere and anytime.
Digital Identity Verification in Banks
Here, you can get the benefit of a fast verification process. This is because it will safely reuse identity verification for other services as well.
One of the most well-known innovations in this area is “Zero-Knowledge Proof”. Now various countries and big corporations are working on a solution that supports ZKP. Choosing the right industrial wireless technology is also important to leverage this and other benefits.
Accounting and Auditing With BlockChain
When it comes to digitalization, the accounting sector is still neglected. One of the reasons can be the need to follow the strict regulatory requirements for data reliability as well as validity.
That is why blockchain can potentially transform the accounting process. As a result, the reports and accounts will be more transparent and safe.
Final Words
When banks use this approach in their banking system, it enables them to process payments in a quick and accurate manner. All in all, we can say that blockchain allows the banking sector to provide better customer experience.
by Anika D | Mar 9, 2021 | 5G, Business
Day by day, the popularity of 5G is increasing in consumers and businesses. Amid the current pandemic, 5G network roll-out has continued.
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As more and more companies are investing in this technology, 5G stocks are likely to be market performers. If you want to invest in 5G technology, check out the list of the top four best 5G stocks to buy in 2021.
Qualcomm
Qualcomm is a company that is a warehouse of patents on wireless communications. It may be going to win the 5G race in 2021. Qualcomm is truly an incredible company, and anytime any smartphone gets sold in any part of the world, it collects a few bucks.
Qualcomm’s latest quarterly non-GAAP revenue increased about 35%. Also, according to Qualcomm guidance for the first quarter of 2021, the company believes that its diluted value will reach about $1.95 to $2.15 per share.
It is assumed that 12-month growth of 76%, QCOM 5G stocks may play a good role in 2021.
Apple
Apple is another big company that is in the race of 5G. In the pandemic year, the company passes more than $100 billion in earnings in the quarter. The expected revenue of it may increase this year with high percent as compared to last years.
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Further, it is assumed that the 5G iPhone series would make a big profit in 2021. So, Apple is a good choice to invest in 5G stocks of the company.
Ericsson
Ericsson is again a great player of 5G. This Swedish telecommunication company has a strong consumer base and infrastructure as well.
Every time when a company sells a 5G smartphone, Ericsson gets about $5 in royalties. It is assumed that by 2025, the 5G smartphone royalties of Ericsson will reach about $20 billion globally.
Further, it is among the top three companies in the world for 5G deployments. So, in 2021 also, it will put more effort in 5G and gain more revenue as well. So, you can invest in its 5G stocks too.
Verizon Communications
Verizon is a provider of telecommunications and has upgraded its network to 5G for fast speed. In this year, the company is expecting a profitable revenue through its 5G infrastructure.
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It is the largest wireless network provider in America and boasts a market share of about 35%. The stock of the company holds good potential for future 5G growth as well.
You can invest in the 5G stocks of Verizon too in 2021.
Analog Devices
Analog Devices is an analog semiconductor company that produces high-speed analog signal processing chips. According to some statements, Analog can dominate the 5G radio signal technology with about 70% market share.
5G technology is in demand, and this is the reason why Analog is also focusing on the 5G radio signals to meet the requirements of customers. So, this year you can expect big growth in the Analog market.
Also, its 5G stock share may go up, and best to invest in 2021.
Final Words
5G is evolving technology, and almost every telecommunication company is working on it. There are companies that already have jumped into 5G, and their stock is expected to increase in 2021 too. So, invest wisely in 5G stock for the 2021 year.
by Anika D | Feb 26, 2021 | General
The once a dream technology, 5G is not a future technology anymore. The technology is really here and many telecom companies and phone manufacturers have already started to work with it. Stats on Statista says that 5G subscription will increase to more than 2.7 billion by 2025.
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But, since the new networking system uses OpenNESS, there’s a lot of doubts about its security features.
So, what exactly is 5G’s OpenNess and how is it going to affect its security? Moreover, will it work in favor of security standards or not? Let’s find out.
Read out surprising facts about 5G.
What is Openness?
The openNess or the Open Network Edge Services Software is an advanced toolkit developed to take advantage of the Network Function Virtualization on 5g. The toolkit enables the high-end platforms to on-board the network and actively manage applications on it.
The main motive of the technology is to enable open collaboration and innovation on the new 5G networking. This architecture eliminates the complexity of the Cloud and IoT technology. It’s also helpful for migrating applications from Cloud to Edge services.
It’s also an excellent technology for data science and automation firms. Its distribution and open architecture make it easy to analyze/manage data and evaluate anomalies in it.
Why Openness?
The earlier version of networking including the 3G and 4G technology came with restricted access. It means that the operators here have to stick with the close ecosystem of the vendors. It was really hard to integrate products or services once the vendor was selected. Not to mention the extra cost of these changes. The limitation simply restricted innovation.
The use of OpenNESS in 5G removes this barrier. It lets the operators mix and match technologies and equipment as per their needs. The networking technology even lets you use a commercial off-selves server with modular software.
Security of 5G with Openness
While the Open architecture 5G seems like a risk, it’s not. In fact, the technology works in favor of network security and enhances it in multiple ways. The following are security benefits you can expect.
Transparency
Opening the 5G technology ensures that every user gets full transparency over the network. It also helps to retain full control of the network. Moreover, the tech provides an adaptive environment that will adjust to changing cloud security trends. It’s also easy to integrate tools and architectures into networking technology. Thus, you get easy monitoring, mitigation, and threat management.
Auditing Capabilities
The 5G technology moves ahead of the traditional monolithic approach. Here you have collections microservices instead of large network functions. It enables the operator to audit transactions. The microservices-based technology also simplifies network monitoring. Even a small data breach attempt will not go unobserved with it.
Risk Reduction
The technology and networking trends never remain constant. There are always additions of new applications, malware, tools, and more that get added every now and then. Stats says that more than 700 million specimens of malware were added within 2020. The numbers are increasing and so is the risk that comes with it. The capability to integrate small changes and continuously upgrading can help with it. It ensures that the tech gets patches and upgraded to help in risk prevention.
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Trustability
The biggest benefit of OpenNESS in 5G is that you don’t have to stick with shady vendors. If you find it difficult to trust them, you can swap-out any time. There is no lock-in to restrict your freedom.
Silicon Root Of Trust
Not every function on 5G is open. The tech comes with a smart feature called the Silicon Root of Trust that acts as a protective layer for critical functions. The technology ensures that every server checks itself before restart. It will compare the data with the default configuration and notify if there’s any diversion. It comes in really handy to detect potential data breaches and hacking attempts.
Final Words
OpenNESS is a sophisticated technology that enhances the flexibility and transparency of the network. It’s not a risk to security. So, yes it’s possible to achieve both OpenNESS and Security in 5G World.
