Category: Business

2020 has proved beyond doubt that technology partnership is an essential element in the creation of a successful business. Sticking to a DIY strategy may sound good in the wake of economic upheaval. But honestly, no business wants to “just survive.” Every business in every sector wants to thrive and stay relevant despite the challenges.

In recent times, technology keeps changing far too quickly. Missing the first door of opportunity may mean greatly diminished market potential. On the contrary, partnering with a technology company offers the quickest way to ensure an impactful presence in your market segment.

Do you own a business? Or are you an entrepreneur with multiple companies? Is the concept of a “technology partner” too abstract for you? If so, we are here to help you understand why partnering with a reliable tech company is the need of the hour. Here’s also highlighting the benefits of such a partnership.

Read more: Technology Investments: How to gain maximum value?

Why is Partnering with Tech Companies the Need of the Hour?

Most businesses around the world are recovering from pandemic-related economic hardship. Although this has scared many, it is clear that businesses need to become more ‘upheaval-ready.’ Partnering with a tech company can make your business ‘upheaval-ready’ while elevating your business. Let’s now consider specific reasons.

1. Apprehensive about future challenges?

During the pandemic, you may have had to adapt to new ways of doing business. There is a high probability that this change may not end here. The next few years may experience aftershocks due to health and safety standards and economic fallouts.

Thankfully, new technologies and new ways of using old technologies can help you meet your current and future business needs. What do you implement though and how in the world will you go about doing that? This is where partnering with a tech company can be a boon.

2. You need specific talent

Consider this scenario: you have new projects that require a specific skill set that your current team does not possess. On the other hand, it is also not the right time to hire. Plus, you do not have the time or resources to look for such talent.

Additionally, bringing in new talent that would require extensive training can be way more exhausting than it may seem. What is your best option? A tech partner! Your partner will be able to provide the needed skillset. This may prove to be more cost-effective and less exhausting than hiring and training a new candidate.

3. New technology seems painfully elusive

Do you feel that your competitors are pushing ahead with the latest technology while you can’t even begin to wrap your head around it? Are you anxious that your business will suffer if you do not adopt digital transformation immediately?

If so, worry no more! A partnership with a technology company is exactly what you need to give your business that edge that seems so elusive.

Read more: Why Software Development Outsourcing is a Smart Move Now?

Benefits Of Partnering with Technology Company

Collaboration is key to creativity – Walter Isaacson

Collaboration that brings in creativity and spearheads agility is what you need right now. Here are some direct and indirect benefits of tech partnership:

1. Provides a new set of eyes backed with experience

Does your business require multiple levels of testing and repeated proofreading and fact-checking stages? Do you occasionally require external evaluation to identify issues you cannot see immediately? Your tech partner can do all of these for you. Also, they may be able to provide unique solutions for your specific needs.

Allowing a tech partner to take care of these needs can free your time and resources to stay focused on what you do best.

2. Offers skillset and solutions as and when you need

Business suffers when problems go unidentified and unsolved. Partnering with the right tech company can help you identify and solve such issues before they snowball.

The best part of this partnership is that you can hire them on your terms. It can either be short-term or something that you do yearly.

3. Cost and labor savings

Cost and labor are major points of consideration in running a profitable business. Not all businesses can afford the latest tech advancements. There is no arguing however that organizations need the latest technology to run their business efficiently and cost-effectively.

A tech partner can help in managing communication and resource organization by eliminating manual processes. It can reset repetitive and simple data entry tasks that can consume precious time. Time saved is money saved!

4. Reduce risks

No business can afford a technology failure as it can pose a huge risk. A tech partner can insulate your organization from those risks.

5. Increased employee performance

Technology helps employees do their jobs more efficiently. You cannot afford to miss important compatibility and workflow improvement opportunities in this age. Your tech partner can help integrate your network to improve employee performance. This automatically leads to improved business performance.

6. Opportunity to expand your tech expertise

Not all businesses can afford technical expert knowledge in-house. Partnering with a tech company allows you to complement and broaden your organization’s existing technical expertise.

7. The partnership is more cost-effective

Paying employees 24/7, 365 days for IT support is expensive. It is cost-effective to outsource the IT support team. Partnering with a tech company can give you greater access to experienced tech support when you need it.

Read more: Understanding Managed Services for IT: Why it Matters?

Why Fingent Can Be Your Ideal Tech Partner

Fingent brings a wealth of technical expertise coupled with business experience to our partners. We draw on decades of engineering expertise to develop unique solutions for each of our clients.

At Fingent we maximize the potential of your business with tech expertise backed by sound business sense. We can empower you with the benefits that technology can offer to compete in a global arena.

Fingent has both the necessary certifications and experience you need. Our staff is diversified with specific tasks but is kept informed about each level of the project. We stay abreast of all technological advances.

We have worked with a wide range of clients and have the skills needed to partner with new industries. We believe that technology can enhance and enrich all walks of human existence.

Visionaries at Fingent, top custom software development company can help you reimagine the way you work. We can help kickstart your digital transformation journey to bring you into the future – a thriving and stable future. We are confident that you will appreciate all the strategies we create to help you. Give us a call and find out for yourself.

DevOps is a fusion of development and operations that come together to form a technology that spreads rapidly throughout the technical community. The main objective of DevOps is to decrease the amount of time the company takes to deploy a program.

Before DevOps, most companies leveraged Agile methodology. However, it did not take care of the operations aspects and so gave rise to DevOps. In combination with Agile methodology, DevOps gave importance to communication between the development and operations team during all stages of the development cycle while developing software. This blog will take you briefly through why you need to consider DevOps and what are the upcoming trends in this technology.

Objectives of DevOps

The main goal of DevOps is to improve the collaboration between teams to;

• Improve the frequency of deployment
• Reduce time to market (TTM)
• Minimize the failure rate of new releases or productions
• Reduce the lead time between fixes
• Improve mean time to recovery

Read more: Test Automation In DevOps For Expediting Software Development

Statistics and Market Changes That Prove the Effectiveness of DevOps

DevOps includes different cross-functional teams such as business analysts, developers, QA practitioners, operations personnel, security specialists, suppliers, and partners. It not only helps seize the market opportunities quickly but also reduces time to include customer feedback. It also helps change and advances the relationship by improving the communication and collaboration between different business units. Here’s a look at a few statistics on how enterprises are driving efficiency using DevOps.

• 2x as likely as lower performers to achieve the goals across financial and non-financial measures.
• 46x more software deployments than their competitors
• 96x quicker recovery from failures
• 440x faster lead time for changes
• 96x faster recovery from failures
• Better customer satisfaction and operational efficiency
• DevOps teams spend about 21% less time resolving issues compared to traditional IT ops teams
• DevOps teams spend 33% more time improving infrastructure than traditional teams
• DevOps teams require 60% fewer teams per week to manage support cases than traditional teams

From shopping to banking to entertainment, every organization and industry is shifting towards accurate, practical software deployment and involves low maintenance costs. Additionally, emerging trends of AI and MI are steadily gaining momentum. Both technologies can process a large amount of data and perform menial tasks, help the IT staff do more targeted work, and help learn patterns, anticipate problems, and develop solutions.

Further, the adoption of agile frameworks and cloud technologies and the digitization of enterprises are some of the factors driving the market’s growth across the globe.

That said, with the penetration of IoT, DevOps is more in demand owing to the co-dependence of the hardware and the embedded software that runs on it. Moreover, Global Market Insights reports the DevOps Market size exceeded $4 billion in 2019 and expects to grow at over 20% CAGR between 2020 and 2026. So, if you don’t upgrade to DevOps, you are more likely to lose out on several opportunities that can help drive business growth.

Read more: DevOps: Building A New Culture Of Software Development And Delivery

DevOps Market Trends

1. Automation

The Puppet 2021 State of DevOps report revealed that highly evolved firms are more likely to have implemented extensive automation. The report also stated that 90% of respondents with highly developed DevOps practices reported that their teams had automated most repetitive tasks.

These initiatives will only continue to have more urgency in their adoption for enterprises that are yet to evolve fully. To make these initiatives work, teams will have to integrate Artificial Intelligence and Machine Learning alongside automation of the entire process. Incorporating machine learning into the delivery lifecycle helps enterprises to understand problems such as blockages or capacity issues. This information can be used to mitigate problems whenever they arise. In addition, the AI-based predictive analysis enables the DevOps pipeline to anticipate problems and provide potential solutions.

2. Application Performance Monitoring (APM) Software

APM software is essential as it helps provide rapid feedback to developers during deployments. It includes:

• Front-end monitoring- This helps observe the behavior and performance of user interactions.
• Application discovery, tracing, and diagnostics(ADTD) – This analyses the relation between the web and application servers, infrastructure, and microservices.
• AIOps-enabled analytics- This helps detect patterns, anomalies, and causality across the lifecycle.

APM plays a key role in minimizing the Mean Time to Repair (MTTR) and improving the user experience. APM capabilities help DevOps teams to understand the business processes better, provide insights into business operations, help with problem isolation and prioritization.

3. DevOps Security

Security is one of the most overlooked aspects of any organization. According to Gene Kim, DevOps researcher, for every 100 developers, there is only one security engineer.

However, with the pandemic changing many things and people working from home, more services are being run in the cloud, leading to more attacks. So, the way a developer writes the software and deploys it to its destination must be secure.

To get serious about prioritizing security for DevOps, you need to;

• Understand security goals
• Have proper cloud vulnerability scanners
• Secure the code with standard tests

4. Site Reliability Engineering (SRE) and DevOps

As per reports from Google Cloud’s 2021 Accelerate State of DevOps, SRE and DevOps will complement each other in years to come. SRE techniques such as service-level indicators will enhance the objectives of the DevOps team.

The report also indicates that teams who excel at modern practices are 1.4 times more likely to experience greater software delivery and operational performance than those who are less mature with operational practices. Such teams are also 1.8 times more likely to have better business outcomes.

5. The Rise of DevSecOps

As organizations embrace Kubernetes, serverless, and other cloud-based technologies, cloud-native security will become more critical. As a result, teams will need new tools and processes to protect assets making DevSecOps indispensable.

DevSecOps is a fusion of security and compliance testing into the development pipeline. It should:

• Integrate into the life cycle seamlessly
• Provide transparent results to the stakeholders
• Improve the agility of developers
• Help the teams to stay within their development environment
• Offer security protection at runtime

Read more: A Complete Guide On Software Product Development Stages And Life Cycle

Why Choose Fingent as Your DevOps Service Provider?

With robust DevOps services, Fingent top custom software development company, ensures rapid on-boarding of applications by automating the end-to-end delivery pipeline and facilitating continuous development and integration across leading cloud platforms. It provides faster time to market, increased efficiency, and reduced costs. Our DevOps solutions will help align your organization’s goals rapidly and reliably to ensure high-quality software-based products and services.

So, if you’re looking forward to deploying DevOps to improve your organization’s speed, agility, and gain a competitive advantage, then connect with our experts today!

Extended Reality (XR), is an umbrella term that encompasses immersive technologies – AR, VR, and MR that merge the physical and virtual worlds. While XR technologies are still widely used for gaming, social media and entertainment, it is being implemented extensively in industries and supplementing humans in unimaginable ways. Experts believe that the XR market will grow from 33.0 billion dollars in 2021 to 125.2 billion dollars by 2026, at a CAGR of 30.6%. This blog will take you through the top 6 reasons why your business needs to implement the rising capabilities of Extended Reality!

What is Extended Reality?

When put simply, XR is reality tech that covers VR, AR, and MR to extend reality by merging the real and virtual worlds. Here’s a quick look at what VR, AR, and MR are!

• Augmented Reality(AR): AR connects the physical environment with the virtual world through tablets, smartphones, smart lenses, and AR glasses to augment real-life scenarios.
• Virtual Reality (VR): This technology merges the physical environment with the digital one to create a whole new virtual world. Virtual Reality headsets and head-mounted displays help provide immersive experiences of the digital world.
• Mixed Reality(MR): With the help of MR headsets, mixed reality brings together the virtual and the physical environments to deliver unique experiences.

The term Extended Reality first popped up in the 1960s, when Charles Wyckoff filed a patent for his silver-halide XR film. The film was intended for photographing bright light events such as nuclear explosions. More recently, XR has moved into the mainstream with a few enterprises leveraging it to launch applications aimed at extending the customer experience.

Read more: Augmented Reality, Virtual Reality, and Mixed Reality Detailed with Real-life Examples

Industries Transformed by Extended Reality

AR, VR, and MR are developing at a rapid rate and transforming the way businesses are operating, communicating, and collaborating. Here are some of the business industries that have undergone a drastic change with these technologies.

• Marketing and advertising
• Healthcare
• Education and training
• Manufacturing and engineering
• Real estate
• Retail
• Gaming
• Art

XR offers endless possibilities and so any field can benefit by leveraging XR into their business processes.

Reasons Why You Need to Leverage XR Technologies for Your Business

1. Cultivates brand awareness

With changing customer demands and fierce competition, it is getting difficult to attract potential customers. Simply launching new products and services is not enough if you want to grow your business.

XR technology helps deliver a unique experience for users, foster consumer loyalty, and build brand awareness. For example, Gucci offers AR-fueled apparel and accessories try-on app that encourages users to try their accessories before buying thereby providing a stand-alone experience for users.

XR technology not only helps capture the attention of your customers but also promotes a positive experience with the brand.

2. Better customer experience

Customer experience is important for the success of any marketing strategy. XR’s ability to deliver immersive experiences will help you connect with your customers better and establish deeper emotional connections. XR helps transport your customers to different places and even attend live events without leaving the comfort of their homes.

L’Oreal leveraged AR technology to help their customers ‘try’ skincare products before buying and saw its conversion rate triple.

Read more: How Is Extended Reality (XR) Impacting Customer Behavior

3. Increases customer engagement

As per a report by Deloitte, 90% of the companies are implementing AR and VR technology in their business. Another report reveals that 40% of customers are willing to pay more if they can experience it through Augmented Reality technology. Yet another report reveals that 58% of customers are more likely to buy a product if they have tried it out.

These statistics suggest that extended reality technology must be implemented in your business if you want to grow. XR allows customers to get detailed information and visualization about the products and services. It enables them to try out various products in various combinations and even test patterns and colors before purchasing them.

With XR technology, brands can increase engagement rate significantly and attract more customers and also provide them with a positive experience.

Read more: Augmented Reality Vs Virtual Reality – The Future Technology

4. Offers convenience

There’s no denying that online shopping is convenient and now with the pandemic forcing people to stay indoors most of the time, it is only becoming more popular. XR helps brands improve the shopping experience and also makes it less time-consuming. It helps consumers find what they are looking for faster and eliminate uncertainty from purchase decisions.

IKEA, for example, allows consumers to use their Place app and place a piece of furniture in their home using their phone. This improves the level of convenience, delivers a better customer experience, and eliminates any uncertainty before purchase.

5. Smarter Libraries

Data is the key to thrive today’s digital era. XR technologies place data in the context such that users can get better results.

For instance, you can use smart glasses to get a visual walkthrough to understand the true impact of the data collected instead of poring through spreadsheets and dashboard metrics for hours. XR technologies can help you make better and informed business decisions.

6. Create positive associations

Extended Reality provides brands with endless opportunities to create and implement emotional campaigns for their products. Based on the visual cues you include in your brand campaigns, you could encourage consumers to conclude your brand’s qualities.

XR helps connect with your audience in a way that activates their emotions and thus helps build a positive brand association. This will ensure consumers prefer your brand over others and establish loyalty. North Face, for example, launched an immersive VR experience of the Nepal landscape to its customers to identify with the brand’s identity.

Read more: Accelerating AR/VR Adoption Among Customers

Takeaway

Today, customers expect an intuitive experience from their brands and XR is becoming the new form of a conversation between brands and customers. Using immersive technologies, enterprises can nurture a culture of digital transformation and increase efficiency and profitability in the digital space.

Driven by immersive technologies, we at Fingent top software development company, can help your brand increase awareness, engagement, and conversion. We have systems in place to help support large-scale communication. If you have a project in mind, we can help convert it to reality. Call us today!

A study by Havard Business Review reveals that one in every six projects costs over 200% of the estimated amount, and 70% of IT projects face delays. Despite the availability of flexible methodologies and multiple resources, companies are still struggling and wasting a lot of money every year to handle project management challenges.

While it is the project manager’s responsibility to ensure smooth working of all the processes, they are always loaded with tons of duties such as budgets, allocating resources, scheduling tasks, and more. Moreover, if there are several projects running, it can become overwhelming for the project manager to personally look into every collaboration happening in the business. This blog will take you through the major challenges faced in project management and how deploying Odoo technology can help you tackle these challenges and elevate your performance.

Read more: What’s New In Odoo 15: The Most Anticipated Upcoming Version Of Odoo

Challenges faced by the project managers

 1. Lack of communication

According to Deloitte, 32% of professionals believe that communication is the biggest issue of project management. A transparent method of communication will help build credibility amongst your stakeholders and involve them in the process. Miscommunication can affect teamwork and even cause conflicts among team members, causing a delay in the project. To avoid these pitfalls, project managers can rely on collaborative and project management software available in the market.

 2. Budgeting issues

Financial issues are one of the biggest hurdles of effective project management. Managers can avoid complications a project may likely face by efficient cost management and achieving quicker results.

3. Lack of clarity on goals and success

According to a study, 39% of projects fail due to a lack of project planning and defined goals. Hence, It is vital to set clear goals for the success of any project. Additionally, a project manager needs to set up milestones and quality tests to quantify the progress of a project. A predefined set of objectives and goals will help project managers defend their vision before the upper management and customers.

4. Scope creep

Scope creep, also known as requirement creep or even feature creep, refers to how a project’s requirements increase over a project’s life cycle. While scope creep can be beneficial in some cases, it can also have a negative impact on your business. Clients who have vague requirements and don’t know what exactly they want can be challenging for both managers and the project team.

5. Inadequate risk management

Typically, projects have several variables that create many possibilities and rarely go exactly the way it was planned. Not having the foresight to identify any critical situations or making up contingency plans can be a significant setback for any project. All these challenges demand the interplay of intuitive project management software to ensure real-time tracking and organizing of projects. Over 90% of high-performing companies are switching to project management applications to complete their projects professionally. Project management software helps automate time-consuming tasks and manage a large team of professionals working within. Additionally, the software can also help businesses put data straight and accomplish remarkable results without any delays.

Though you can find wide choices of project management tools in the market, you will have to pick the application that suits your business workflow. Make sure that the chosen project management software for your business includes the following features.

• Project Planning and Scheduling
• Project Budgeting
• Team Collaboration
• Time Tracking
• Reporting

While the project management tool may offer several other features too, the above said are essential for any project management. A perfect solution to all project management-related problems is Odoo. Whether you want to add tasks/subtasks under a project or assign tasks to your team members, Odoo helps you achieve it seamlessly.

Read more: How Odoo ERP Helps Leverage Business Intelligence and Data Analytics

Benefits of Odoo’s Project Management Module

1. Mobile friendly

Odoo can be installed on a mobile phone, making it easy to use while on the go. Given the pandemic situation, this feature is a boon. It allows team members and the managers to remain connected and track the projects from anywhere. That said, the Odoo project module allows you to get a large screen view along with a chatter facility using computers.

2. Customizable

Odoo allows you to customize your projects easily. From renaming projects to rescheduling stages, the Odoo module enables you to achieve it hassle-free. Additionally, its Filters and Groups features help you track the projects and tasks.

3. User-friendly

Odoo is highly user-friendly and provides a Kanban view to have a quick glance at the projects based on the tasks and stages. For example, to check the time and deadline, you can use the Gantt Chart, Graphic, and Pivot view.

4. Enhanced communication support

With Odoo, you can integrate email and use your email alias. This feature allows managers or customers to automatically create a task by simply sending emails to the specified alias. All those who receive the communication will become a part of the task. Additionally, it supports sending alerts to customers based on the activities. Odoo project also allows you to chat with the team members by just clicking on the team member’s image. It not only saves time but helps collect in real-time.

5. Improved customer management

Odoo project module helps you generate customer tickets which allows you to track the progress of the project and interact with the project team.

6. Report generation

Odoo generates reports in an easy-to-grasp format. Options such as Filters, Measures, and Group-by help the team to manage the reports.

7. Easy integration with other modules

The project module integrates easily with other modules such as Calendar, Timesheet, Accounting, Expenses, etc. It helps you to manage accounts, plan expenses, track working hours, and plan activities.

Read more: 6 Ways Odoo ERP Customization Can Benefit Your Business

How can Fingent help?

Undeniably, the Odoo Project Management module is a must-have solution for all businesses. We custom software development experts help businesses achieve their strategic goals and drive better revenue with our ERP development services. We have expertise in developing user-friendly applications for businesses across various industries.

If you’re looking to reduce your business complexities and drive growth with Odoo implementation, contact us.

Undoubtedly, data is what we see almost everywhere, and it is enormous. And it doesn’t stop there, it is growing continuously at a level beyond imagination! Let’s have a look at how it has changed over the years.

A look into how Data and AI transformed in years!

In the 1950s, when there were fewer technological developments, companies would collect the data(offline) and analyze it manually. This was also backed by limited data sources that made it time-consuming in obtaining the results.

The mid-2000s paved the way for changing the world for the better and it was during this time the term “big data” was coined. Almost every business that had something to do with digital infrastructure started looking for ways to use the large data and come up with meaningful insights.

This era also saw the invention of tools like Data mining, OLAP, etc., taking technological advancements to the next level. In general, the internet gained immense popularity not only for organizations but also for households. During this time, technology became more advanced and provided automated options for managing data, and data analysts could analyze data, trends, etc., and provide better recommendations.

Google, Amazon, Paypal, and others also made a mark causing the volume of data to reach newer heights. However, all this posed a storage and processing problem.

The late 2000s to early 2010s saw a surge in Facebook, Twitter, Smartphones, and connected devices. The companies used improved search algorithms, recommendations, and suggestions driven by the analytics rooted in the data to attract their customers. Enterprises also realized that would have to deal with unstructured data and so they got familiar with databases such as NoSQL. New Technologies were introduced for faster data processing and machine learning models were used for advanced analytics.

Now, businesses are a step ahead and using automated tools using cloud and big data technologies. With cloud platforms, it is now easier to enable massive streaming and complex analytics.

Read more: 5 ways in which big data can add value to your custom software development

Having seen how data has evolved over the years, let’s have a look at how Artificial Intelligence has transformed in the last generation.

In 1950, a British mathematician and WWII code-breaker- Alan Turing was one of the first people to come up with the idea of machines that could think. To date, the  Turing Test is used as a benchmark to determine a machine’s ability to think like a human. While this notion was ridiculed at the time, the term artificial intelligence gained popularity in the mid-1950s, after Turing’s death.

Later, Marvin Minsky, an American cognitive scientist picked up the AI torch and co-founded the Massachusetts Institute of Technology’s AI laboratory in 1959. He was one of the leading thinkers in the AI field through the 1960s and 1970s. It was the rise of personal computers in the 1980s that sparked interest in machines that think.

That said, it took several decades for people to recognize the true power of AI. Today, Investors and physicists like Elon Musk and Stephen Hawking are continuing the conversation about the potential for AI technology in combination with big data could have and how it could change human history.

AI technology’s promising feature is its ability to continually learn from the data it collects. The more the data it collects and analyses through specially designed algorithms, the better the machine becomes at making predictions.

Impact on business

AI and big data have an impact on businesses like never before. Whether it is workflow management tools,  trend predictions, or even advertising, AI has changed the way we do business. Recently, a Japanese venture capital firm became the first company ever to nominate an AI board member for its ability to predict market trends faster than humans.

On the other hand, data has been the primary driver for AI advancements. Machine learning technologies can collect and organize a large amount of data to make predictions and insights that otherwise cannot be achieved with manual processing. This not only increases organizational efficiency but reduces the chances of any critical mistake. AI can detect spam filtering or payment fraud and alert you in real-time about malicious activities.

AI machines can be trained to handle incoming customer support calls thereby reducing costs. Additionally, you can use these machines to optimize the sales funnel by scanning the database and searching the Web for prospects that have similar buying patterns as your current customers.

Read more: The Future of Artificial Intelligence – A Game Changer for Industries

5 trends in data and artificial intelligence that can help data leaders.

1. Customer experience will be the key

Supply chain and operating costs will mean nothing if you are unable to hold on to your customers. Today, businesses have to be more connected with their customers to be on top of the game. From in-person and digital sales to call centers, companies will have to collect data to have a holistic view of the customer. Businesses must consider other forms of interaction such as using voice analytics to understand how customers interact with call centers or chatbots.

2. Leveraging External data

External data can provide early warning signs about what’s going on. To make external data work, companies must start with a business problem and then think about the possible data that could be used to solve it. That said, companies might need to modernize data flows to leverage external data.

While many businesses have started leveraging external data, some companies haven’t leveraged it yet as they are either too focused on internal data or finding it difficult to transfer data.

A prime example of brands that used external data is Hershey’s Chocolates. It leveraged external data to predict an increase in the number of people using chocolate bars for Backyard S’mores and a decline in sales for smaller candy bars for trick-or-treating.

3. CDOs leading the way towards a data-driven culture

Introducing any new technology without training your employees to adapt and figure out new skills and processes will not be effective. According to Cindi Howson, chief data strategy officer at analytics platform provider ThoughtSpot, Chief Data Officers (CDOs) need to take the lead and empower their employees and the organization to gain time and efficiency with data.  Also, CDOs will have to make sure to upskill employees to take full advantage of new technology.

4. Multi-Modal learning

With advances in technology, AI can support multiple modalities such as text, vision, speech, and IoT sensor data. All this is helping developers find innovative ways to combine modalities to improve common tasks such as document understanding.

For example, the data collected and processed by healthcare systems can include visual lab results, genetic sequencing reports, clinical trial forms, and other scanned documents. This presentation, if done right, can help doctors identify what they are looking at. AI algorithms that leverage multi-modal techniques (machine vision and optical character recognition) could augment the presentation of results and help improve medical diagnosis.

5. AI-enabled employee experience

Business leaders are starting to address concerns about the ability of AI to dehumanize jobs. This is driving interest in using AI to improve the employee experience.

AI could be useful in departments such as sales and customer care teams that are struggling to hire people. Along with robotic process automation, AI could help automate mundane tasks to free up the sales team for having a better conversation with customers. Additionally, it could be used to enhance employee training.

Read more: 9 Examples of Artificial Intelligence Transforming Business Today

Conclusion

Leveraging data and Artificial intelligence has grown due to the pandemic and businesses are digitally connected than before the lockdown.

At Fingent, we equip business leaders with insights, advice, and tools to achieve their business goals and build a future-proof organization. To learn more about how we fuel decision-makers to build successful organizations of tomorrow, contact us.

With the ongoing COVID-19 pandemic, the healthcare industry is spiraling at an unexpected speed and is continuously inventing healthcare solutions to drive streamlined operations. Medical organizations are now largely depending on custom healthcare software solutions to maintain medical history, electronic health records, patient’s personal information, and other medical data to provide better patient care and health services. This blog will take you through why your healthcare organization needs to invest in custom healthcare software development, and how it’s beneficial to outsource it!

What is custom healthcare software development?

Today, healthcare is driven by technological innovations such as big data, electronic patient record systems, interoperability, and machine learning. The need for this is to provide better patient experiences and improve health outcomes. To achieve this, there is a need for professionally designed tools and solutions that can help healthcare providers to deliver patient-first and cost-effective care.

Custom healthcare software development is the process of creating web or mobile apps for medical professionals so they can interact with patients better, use medical data analytics, and access patient health records.

Examples of how custom software development has transformed the healthcare industry include;

• Tools such as Hospital Management Systems (HMS) or Hospital Information System (HIS) are comprehensive integrated solutions that handle different aspects of hospital or clinic’s workflow efficiently.
• An Electronic Health Record (EHR) system collects a patient’s data and history and stores it in a digital format that makes sharing across different healthcare systems easy.
• Mobile apps and wearable devices are serving several health aspects.

Read more: Augmented Reality in Healthcare: The Industry Future!

Key benefits of custom healthcare software

1. Tailor-made solution

Software solutions built specifically catering to your organizational needs help deliver better customer services. Especially when it concerns providing patient-care services, it is always recommended to invest in custom or tailormade solutions. An off-the-shelf or packaged solution, in comparison to a custom software solution, may or may not be able to meet your organization’s requirements or even work well within a specific type of facility. A custom software solution will help solve your business-specific complexes and will help meet your business goals.

2. Streamline processes

Undoubtedly, technology enables us to get our work done efficiently and more accurately. A custom software solution can have a far-reaching impact. It frees your staff to allow them to focus on patient care.

3. Personalized care

Today, patients want to understand their health on their own and expect personalized services from their healthcare provider. This is why there is an increasing demand for telemedicine, at-home testing kits, and health apps.

4. Enhanced security

Custom healthcare software solutions are built in compliance with the industry standards and guarantee that personal data stays secure and confidential. An app must comply with Open Web Application Security Project standards and other certifications, to be approved.

When it comes to creating custom healthcare software, organizations can;

• Leverage any open-source platform to create a customizable solution without the need for coding
• Outsource the entire custom software development process to a reliable development agency.

Read more: Why Healthcare Prefers Prescriptive Analytics Over Predictive Analytics

Advantages of outsourcing healthcare software development

1. Economical and effective

By outsourcing to a third-party offshore company, you can save a lot of costs. It helps save largely on the cost of developing application infrastructure, recruiting professionals, training the recruits, and deployment and pre-installation set-up costs. Most service providers use advanced technology that would fit your budget.

2. Experienced team

While some projects require a large pool of software developers others may not. In such cases, it may be difficult to hire software developers and then relieve them after completing the work as it involves a huge cost to hire, set up infrastructure, and team. Therefore, outsourcing custom healthcare software development gives you the leeway to scale up or down resources as per your project requirements.

3. Agile and scalable solutions

In-house healthcare developers are usually burdened with several other tasks which cause them to lose focus and compromise on the delivery of the app. Collaborating with a third-party agency will provide you with the flexibility of managing the resources and whenever you need them. This will also help you include scalable software developers to build an app that is more agile and consistent.

4. Quick time to market

Outsourcing the custom development task will give you access to experts from healthcare domains to develop your applications. This will ensure your app be superior,well-grained, and reach the market faster so patients can be treated faster.

5. Increased productivity

As offshore developers are qualified and talented enough to develop your app, you won’t have to burden them with briefings and preparations. This will allow you to focus on improving the critical and core healthcare services of your organization thus improving the results significantly.

Read more: Healthcare Analytics Reaches New Heights with SAP HANA

Cost of outsourcing custom healthcare software development

When it comes to the healthcare industry, the average cost of an experienced developer is not cheap. That is why 59% of global companies outsource software development. While the costs vary from country to country, you will still save about 40-70% of the total costs. For example, the average hourly cost for a software developer in the US is $65–$130 per hour while the hourly cost of offshore developers in Asia and Africa is $20–45.

Why choose Fingent?

If you need custom healthcare software for your organization, Fingent top custom software development company is your trusted partner.

• We have a pool of experienced and skilled developers who can help you identify the right solution for your business complexities.
• Our agile methodology of development ensures client involvement at every stage so that the solution is scalable, cost-effective, as well as caters to specific client requirements.
• We offer transparent offshore development services in terms of overhead costs and recruitment fees.

In the wake of the COVID-19 pandemic, the need for custom healthcare software development cannot be denied. Our developers are not only affordable but can add much value in terms of talent and skill to your organization. Connect with our experts today!

“By failing to prepare, you are preparing to fail.” – Benjamin Franklin

Profound words that underline the importance of business planning. Business planning is the right strategy to ensure business productivity. With business getting more complex and planning tools filling up shelves, enterprises need a more straightforward way to manage business plans and improve sales. Only a few of the many products available have a holistic end-to-end approach to information analytics services.

SAP Analytics Cloud is a distinct analytics tool. It integrates analytics throughout the business process and across every level of an organization. It is an impeccable and compatible solution for enterprises that are involved in sectors like manufacturing, finance, and sales. This is an effective cloud-based tool that can analyze the data irrespective of the size of your firm. Plus, it allows you to transform this data into charts, tables, graphs, and more.

This article will help you determine how SAP Analytics Cloud enables enterprises to improve business planning. Read on to check out the features that will let you boost your business and help you stay competitive.

Top Two Features Of SAP Analytics Cloud For Effective Enterprise Planning

SAP Analytics Cloud is the first and the only tool in business intelligence that caters to all aspects of the business. It assists you in organizing and managing your data visualization, business planning, and predictive analysis.

Here are the SAP Analytics Cloud core planning features:

1. Augmented Analytics

Augmented analytics capabilities can help existing AI-powered analytics to offer business insights in real-time. You can add these capabilities to business planning and workflows. This contains an enhanced ‘Search to Insight’ capability allowing users to ask questions about data in natural language. Further, it can automate insights that include values and simulations.

The ‘Smart Predict’ feature can help train models to predict future outcomes without manual intervention. This enhances user experience allowing business analysts to predict future outcomes more accurately and automate decisions, preventing time lapse. Ultimately, SAP Analytics Cloud smoothens the process and improves business management.

Read more: SAP Analytics Cloud: Creating Dynamic Visual Stories

2. Enterprise planning

Collaborative enterprise planning ensures one version of the truth across the enterprise. Thus, it brings users together to align with the plan leading to better business outcomes.

The zero-based budgeting feature helps allocation of resources efficiently. The embedded collaboration tools ensure that every member of the finance team is aware of relevant information while they discuss finance issues. Plus, all the relevant budget templates are recorded and saved for the quick action and enhanced productivity.

SAP Analytics Cloud allows its users to analyze, plan and predict at one location. This can speed up planning cycles and help make informed decisions. Built-in features such as financial modeling, automated reporting enable enterprises to make better end-to-end planning decisions.

Planning and consolidation applications allow businesses to connect complex planning processes to the cloud. Thus, enterprises can create business plans and adjust them within the SAP Analytics Cloud. This allows enterprises to extend and align their plans across the organization leading to better outcomes.

Read more: Business Intelligence in SAP: How It Helps You Become a Data-driven Organization

Features That Improve Agility In The Enterprise Planning

1. Data and data visualization

Data visualization represents your entire business process. It is this important to find all the possible ways of viewing and understanding the data at a glance. This is where SAP Analytics Cloud can help. It can help make your data highly visible. These analytics offer quick answers to critical questions that can improve your business decisions.

Businesses need to gather enormous amounts of data each day from all their departments and other sources in sales. The next challenge is storing all this data in a secure place. SAP Analytics Cloud is the perfect place to store your data as it is most secure and easily accessible to all relevant people in your organization.

Read more: 7 Crucial Business Challenges Solved by SAP Analytics Cloud

2. Models

You do not need technical expertise to create a model from unrelated data sets of your company. It is quite similar to adding data to a story. Depending on the type of data, your models can either be simple or complex.

In any case, models help you organize present your data so that you can gain insights into your business. The models in SAP Analytics Cloud organize and present the data in rows and columns. This offers a unique, clear view of your data that is ready for analysis.

3. Stories

Stories occur in two phases: data view and pages. These two capabilities can enable you to gather data and connect it to create a model. This model is refined when you add data to make a story. These stories can empower you to make quality decisions for the success of your business.

What Are The Benefits Of SAP Analytics Cloud?

SAP Analytics Cloud offers many benefits for enterprises that are on the SAP. Here are a few:

1. Access data on the fly

SAP Analytics Cloud can be integrated to work both on Android and iOS devices alike. It allows your users to manage all their business activities even on a small screen from anywhere, at any time.

In today’s fast-moving world, your finance team needs the ability to create viable forecasts at a moment’s notice. Using SAP Analytics Cloud will enable your business process to remain proactive, not reactive.

2. Real-time insights

SAP Analytics Cloud functionalities allow all relevant users to generate instant insights to enhance decision-making and improve business outcomes.

3. No more silos

SAP Analytics Cloud allows for integrated planning across your organization. This means you can rest assured that all those involved in the decision-making process have the whole picture, not just a small part.

4. Customized dashboard

Enterprises are always on the lookout to improve data visualization, which helps in having a better interface for successful operations. Thankfully, SAP Analytics Cloud allows its users to customize their dashboards to help them navigate through the system and offer a personalized look. This way, business owners have relevant data on their interface just the way they like it.

5. Increased efficiency

SAP Analytics Cloud facilitates easy collaboration across your organization. This allows for quicker approvals, contributions, and comments. Plus, automation and ML helps in creating plans that are more productive, leading to faster results.

6. Minimize errors

Integrating SAP Analytics Cloud with SAP S/4HANA will allow the enterprises to minimize or eliminate errors that occur while making changes on multiple files on the cloud. You can make changes without manual intervention in the source system.

Read more: SAP S/4HANA Journey: 8 Ways C-level Leaders & Executives Can Derive Business Value

Power Charge Your Business

SAP Analytics Cloud is unique. It offers businesses real-time data to manage their resources effectively. Their tools keep getting newer updates to make it more reliable. As an SAP Silver Partner, Fingent has the expertise necessary to help you make the best use of this power-packed tool. Let us discuss your business and see how SAP Analytics Cloud can help you. Call us.

Technology is getting better and better each day. Several technologies and architectural patterns have emerged and evolved during the past few years, and it only gets better with time. Microservices architecture or microservices is one of those patterns. It emerged from the world of domain-driven design and persistence.

In this article we will cover:

• What is microservices architecture?
• The difference between microservices, monolithic architecture, and service-oriented architecture (SOA)
• The benefits and examples of implementing Microservices Architecture.

What Is Microservices Architecture?

Microservices architecture is a specific method of designing software systems that can structure a single application as a collection of loosely coupled services.

Microservices architecture is made up of several components in their own individual compartments in the software. This makes them independently upgradeable or replaceable.

Microservices architecture simplifies the process of building and maintaining certain types of applications by breaking them down into many smaller pieces that work together. Though this increases the complexity, it offers greater advantages over the monolithic structure.

Now you may wonder: Isn’t Microservices just another name for monolithic architecture and service-oriented architecture (SOA)?

Let’s clarify that for you!

Read more: Progressive Web App Development: 10 Benefits

Microservices Architecture Vs. Monolithic Architecture

In the current age of Kubernetes, Monolithic architecture faces many limitations. Please note a few:

• Monolithic architecture is a single application. It is generally released once a year with the newest updates. Whereas, Microservices architecture is cloud-based and can be updated as required.
• Monolithic architecture is slow. Modifying a small section may require complete rebuilding and deployment of the software.  Microservices on the other hand are faster to deploy and quick to isolate any defects.
• Monolithic architecture is harder to adapt to the specific or changing product lines while individual models of Microservices architecture enable scaling and development.

Microservices Architecture Vs. SOA (Service-oriented Architecture) 

Microservices architecture is distinct from SOA. Here are a few differences:

• SOA model is dependent on ESBs and so it is slower. Whereas, microservices is faster as it leverages faster-messaging mechanisms.
• SOA focuses on imperative programming style, while microservices focuses on a responsive-actor programming style.
• SOA has an outsized relational database. But Microservices architecture tends to use NoSQL or micro-SQL databases.

Read more: Ways To Accelerate Business Growth and Success in 2021

Business Benefits Of Microservice Architecture

Microservices architecture can help your business grow quicker, increase productivity, and innovate better to deploy competitive products into the market. Here are some specific benefits of the Microservices architecture:

1. Better organization for efficiency

Microservices architecture organizes business applications. It can extend those applications to support plugins for new features, devices, etc.  You can easily add more features to each of those popular applications to generate more revenue.

2. Increased scalability

Microservices architecture divides applications into smaller modules. Each of these modules can operate independently enabling businesses to scale applications up or down, as required. As these modules operate independently, a fault in the single module does not mean disruption of the entire system.

If one module fails due to outdated technology or the inability to further develop the code, developers can use another module. In other words, the applications continue to function even when one or more modules fail.

This capability allows developers the freedom to build and deploy services as needed without having to wait for the entire application to be corrected.

3. Easy to maintain

It is easier to maintain and test a single module as opposed to an entire system. Since each module has its own storage and database, organizations can build, test, and deploy all the modules with less complexity.

4. Faster development

Since all modules are loosely coupled, change in one module does not affect the performance of the other. This means you can update a single module at a time leading to faster development.

5. Enhanced performance

Microservices architecture can enhance the performance of the application. It reduces downtime while developers take their time to troubleshoot the issue and bring the system back to normalcy.

6. Dynamic yet consistent

The individual modular approach in Microservices architecture is easy to replicate. This allows for consistency in applications, which in turn makes managing these modules simple and easy.

Prominent Examples of Successful Microservices Implementation

Prominent examples of Microservices architecture are Amazon, Netflix, Uber, and Etsy. Over time these enterprises refactored their monolithic applications into Microservices-based architectures. This move has helped to quickly achieve scaling advantages, greater business agility, and unimaginable ROIs.

1. Amazon

In the early 2000s, untangling dependencies was a complicated process for Amazon developers. It faced development delays, coding challenges, and service interdependencies.

However, Amazon assigned ownership to each independent service team. This allowed the developers to identify the bottlenecks and resolve issues more efficiently. Also, it helped them create a very highly decoupled architecture.

2. Netflix

Within a year of starting its movie-streaming service, Netflix was suffering from service outages and scaling challenges. It experienced major database corruption and was on standstill for three days! That is when it decided to move towards more reliable, horizontally scalable systems in the cloud.

First, Netflix moved its movie-coding platform to cloud servers as an independent microservice. This allowed Netflix to overcome its scaling challenges and service outages.

3. Uber

Uber, the ride-sharing service faced growth hurdles. It struggled to launch new features, fix bugs, and integrate its global operations. Besides, it became increasingly difficult to make minor updates and changes to the system.

Uber then decided to move to cloud-based microservices. This allowed its developers to build individual functions like trip management or passenger management. This boosted the speed, quality, and manageability of their services. Among other things, they achieved more reliable fault tolerance.

4. Etsy

Etsy experienced poor server processing time. However, with the help of Microservices architecture, Etsy created a variety of developer-friendly tools and went live in 2016. From that point forward, Etsy benefits from a structure that supports continual innovation, faster upgrades, and more.

Read more: Enterprise Resource Planning Software: A Complete Guide!

How Fingent Can Help You Implement Microservices Architecture

Microservices architecture supersedes SOA and monolithic models. However, it has its challenges. This is where Fingent comes to your assistance.

Fingent top software development company can help you implement Microservices Architecture correctly to improve your productivity and ROI. Designing your architecture is not just a technological option. It is a necessity! It is a business decision that can directly affect your business growth. Fingent can help you take care of the technical aspect while you concentrate on your business goals. Give us a call and let’s get talking.

In the current circumstances where industries are experiencing periods of intense change, organizations need a new paradigm. They need a product that must be capable of reframing the problems which were addressed by previous solutions or that targets a new set of problems. They also need a partner who can effectively deploy the solution and provide assistance whenever there is a need. SAP created a solution that addresses a set of existing problems through the method of reframing them, thereby presenting a novel way of addressing these issues in the form of BTaaS-Rise with SAP. Rise with SAP helps enterprises gain digital efficiency and flexibility.

Do you feel this pathway to intelligence is formidable and elusive? If so, rest assured that we, at Fingent, understand the challenge you face. This blog will help you understand what the benefits of the initiative are, how we approach it, and how we can help you deploy these services.

What is BTaaS-Rise with SAP

BTaaS (Business Transformation as a service) Rise with SAP is a suite of services and products. It is designed to accelerate the transformation into creating an intelligent enterprise. It is a direct response to the challenges in the steady acceleration of change in all areas of business.

As BTaaS, Rise with SAP can help businesses remain resilient and adapt to digital transformation quickly despite cutthroat competition in their respective industries. It offers these five components to build an Intelligent Enterprise:

1. Technical Migration tools and services
2. S/4 HANA cloud
3. SAP business technology platform
4. Business process intelligence
5. SAP business network starter pack

Read more: Ensure Business Continuity with SAP S/4HANA Selective Data Transition Approach

How Can Your Business Benefit from Rise with SAP?

Rise with SAP allows you to be in control. You can choose where to begin your journey and you can design a suitable strategy that fits your business.

Let us now examine the twofold benefit of Rise with SAP:

Value from differentiating business capabilities and outcomes

This value has a significant impact on shareholder returns. This impact ensures long-term sustainability with purpose. Here are the top three benefits for your business:

• Top line: This includes your strategy, employees, and your products. You can improve your top line by innovating and establishing new revenue streams and business processes.

• Bottom line: You can improve operational efficiencies by eliminating repetitive tasks. You can save time and resources by allowing intelligent ERP to function as a co-pilot providing you with suggestions based on business process patterns and employee behavior.

• Green line: Rise with SAP will help you understand, monitor, and optimize environmental and social impact throughout the value chain. This will help minimize wastage, improve safety, build supplier compliance, and attain resiliency.

Value-driven from cloud delivery capabilities

This is essentially the incremental value. It allows enterprises to maximize value, minimize transformation risk, and reduce cost to the extent possible. Explore the top three benefits for your business:

• Facilitates process excellence: Using process discovery reports, migration tools, and services and other capabilities your enterprise becomes transformation ready.

• Improved service experience: Rise with SAP is a Business Transformation as a service; a simpler support model. Thus, you have the benefit of an improved service experience.

• Operational resiliency: You can hyperscale infrastructure with inbuilt full-stack security.

• Lower TCO: It allows you to use flexible user-based subscriptions and leverage hyperscale economics to lower TCO.

But what do you need to gain these capabilities? Well, you need these three things:

1. Technology that can support your company processes
2. A cloud provider
3. A capable and efficient partner who can help you take greater advantage of Rise with SAP

Read more: It’s Time To Transform Your Business For The New Digital Age – Rise With SAP

Role Of Fingent in Leveraging These Services

Fingent is geared to work with enterprises under the framework of Rise with SAP. As SAP’s Silver Partner, we have a credible background in helping enterprises uncover business inefficiencies and redesign their processes to fit their needs. With deep domain expertise, we help them align and achieve organizational goals at optimal costs.

We understand the difficulties some organizations face in making decisions with regard to business transformation. Our program is designed precisely for such organizations. As a trusted Silver Partner, Fingent is here to guide you through every step of this exercise.

We start by developing a deep understanding of your business and your objectives. We then use our expertise in SAP to devise a strategy for a comprehensive business transformation strategy. As a seasoned SAP Silver Partner, Fingent combines its expertise with a deep understanding of user experience to maximize your operational efficiency.

Our approach can analyze complexities around your business processes and adopt a user-first approach. This can drive a successful implementation of Rise with SAP that leads to increased user adoption.

As suggested by Rise with SAP program, our engagement starts with a process and system audit. This will form the backbone for subsequent phases of the transformation process. Fingent top software development company, will be with you at every step. We work with your business leadership, key stakeholders. We involve key influences to ensure the successful completion of your business transformation.

Read more: How Fingent Helps CFOs Gain New Insights and Reliably Enable Key Decisions

We Can Help Your Business RISE!

Rise with SAP is another possibility for us to empower clients with the help of the SAP portfolio. In close coordination with SAP, we create tailor-made solutions that increase the value of this initiative for you.

To do this, we combine SAP capabilities with products and services that we have developed ourselves to individualize for your specific needs. This is how we at Fingent ensure that you receive a truly customized solution – one that addresses specific challenges in your specific environment. This will generate the best possible value for your business.

You can rely on us as your sole contractual partner and thus avoid needless complexities. We offer everything from advisory services to application management. All this can be done at your own pace, with your budget, and according to your business needs.

We can smoothen the path of transformation for our existing customers. For our new customers, we can leverage the full potential of Rise with SAP and customize it for your advantage.

Talk to our experts at Fingent and together we will find ways to make the best out of Rise with SAP for you!

Everyone in the manufacturing world faces the fear of going bust if they do not adopt digital transformation. That is a given and yet we can all agree that digital transformation doesn’t happen overnight.

Currently, enterprises encounter several challenges on their digital transformation journey. One among them is to learn to create and use data through a product life cycle that creates flexible manufacturing processes. Such processes can respond instantly to changes in demand at a low cost to the firm without damage to the environment.

Are you a manufacturer with global aspirations? Do you need to accelerate lead times and product customization? If so, then you may encounter these common business challenges:

• Need for critical infrastructure in remote locations.
• Need for tailored and full-custom design with high quality and ruggedness that fit your specific requirements.
• Need for a simplified supply chain that enables you to get to market quicker and realize faster time to revenue.
• Need to maximize efficiency in the supply chain and ultimately reduce lead time.
• Need to ensure product longevity by providing the same time-zone technical support. And to provide personal support services with the ability to decrease lead times.

Technologies such as 5G, edge computing, and cloud have been pushed further into the limelight especially over the past year, in the wake of the pandemic. As enterprises react to the changing world, these technologies are now emerging at the forefront as a necessary component of network infrastructure.

Read more: Take a Look at How 5G is Reinventing the Way We Work

How Do 5G, Cloud, And Edge Computing Unlock Enterprise Opportunities?

5G, cloud, and edge computing have become major areas of interest and investment at the enterprise level. They provide real-time insights, analytics, and business benefits that can be used once mission-critical latency issues are resolved.

5G, Edge Compute, and Cloud technologies are an emerging set of solutions. When orchestrated together these can enable a spectrum of benefits that are contingent on industry, maturity, and technology. These are complementary technologies that work together for most use cases.

What unlocks the enterprise opportunities is to marry new and existing technologies to create machinery that is as proactive and predictive as the best workers. Edge computing, cloud, and 5G connectivity can be combined to supercharge real-time decision-making and improve quality assurance throughout the supply line.

How would you like it if you can predict the future? Or if you could see the possible problems and correct them before they happen? 5G, edge computing, and cloud promise to give you that ability! These technologies are in a symbiotic relationship.

Cloud contains unlimited resources. Powered by 5G, AI models can continuously update and adapt to situations within the enterprise. This virtuous feedback loop delivers real-time results. Plus, it delivers ongoing improvements over time, as the entire system across the enterprise learns and improves from prior experiences.

This can greatly improve the productivity of your employees. Also, it can save costs tremendously as it can reduce downtime. Here are some specific ways in which 5G, edge computing, and the cloud can benefit the industry.

Read more: How 5G Will Boost Enterprise Investment In Cloud

Cloud For Responsive Resilience 

In the past when enterprises needed to deploy applications using their equipment, they had to ensure that their server, memory, and processing power were equipped to run the application efficiently. Any misjudgment could have a cascading effect throughout the enterprise. However, the cloud provides infinite opportunities.

What enterprise opportunities does this provide? It provides what all enterprises need more than ever: increased speed, resilience, and flexibility.

Bringing cloud intelligence to their IT networks can be very beneficial in performing preventive maintenance, making decisions in real-time, and keeping data more secure. It allows for automated decision-making while saving bandwidth costs.

By leveraging cloud capabilities, enterprises can reduce overall costs. They can benefit from automated one-click deployment and realize higher value from data. This contributes to resilience. Resilience is more important to enterprises that are struggling during major disruptions like the pandemic.

Read more: Why It’s Time to Embrace Cloud and Mobility Trends To Recession-Proof Your Business?

5G Can Help Process Information Across The Enterprise

5G technology enables enterprise connectivity, remains powerful, and is constantly updated. 5G enables all the machines and modules to function at the same speed, reliability, and security as we expect from our phones. In other words, it prevents loss of time due to hanging or buffering associated with the mobile networks.

5G will deliver multiple benefits to those who adopt it:

• Provides ultra-reliability and security. It is far more efficient than any wireless mechanism.
• Since 5G eliminates the need for wired connectivity, it enables a high-speed environment with higher flexibility and lower latency.
• Provides the ability to handle mass customization and personalization.
• 5G augments IoT capacity to support device density and data volume
• Improves productivity as it reduces failure rates.

Read more: Top Business Drivers that Boost Legacy Cloud Migration

Edge Computing Can Help Deploy Technology With Unhindered Network Performance

Edge computing can reduce pressure on data centers and service provider networks. Plus, it preserves bandwidth and brings real-time processing close to users and their devices. Here are specific ways in which edge computing can prove advantageous:

• Maintain competitive edge: Edge computing can provide the ability to use data from various machines, processes, and systems to adapt the manufacturing processes in real-time. It can support precision monitoring of the production line. This enables swift operational responsiveness to unforeseen events. Additionally, it can gather data from connected systems and devices in real-time. Hence, manufactures can now analyze data at the point of creation leading to faster and more informed decision-making within the enterprise.

• Helps seize the opportunities that data and performance-intensive technologies present: Edge computing can empower employees and streamline workflows. It can enable smarter supply chains and improve employee safety and productivity.

• Documents at fingertips: Edge computing can provide workers easy access to documents, new workflow instructions, real-time videos and images, and new product updates. This can increase greater efficiency despite social distancing protocols in the current scenario.

Read more: The Convergence of Edge Computing and AI

Gain a Competitive Edge with Next-Gen Technologies

With IoT deployment on the rise, enterprises are increasingly adopting 5G, cloud, and edge computing. These technologies provide a competitive advantage by reducing unexpected downtime issues. Hence, the enterprises enjoy improved overall efficiency.

The convergence of these technologies can increase agility and resilience. These technologies can be leveraged to establish enhanced productivity, customer satisfaction, and increased ROI. Hence, 5G, cloud, and edge computing technologies must form an important part of any post-pandemic strategies. You must be eager to get started on gaining that competitive edge. Let’s get talking and make that happen!