“In Today’s era of volatility, there is no other way but to re-invent. The only sustainable advantage you can have over others is agility, that’s it. Because nothing else is sustainable, everything else you create, somebody else will replicate.” —   Jeff Bezos, Founder, Amazon.

The world of technology is evolving at a fast pace, with newly emerging advanced applications almost every day. With the significant growth of technology, we can also witness the transition of companies from legacy systems to modern systems. That is what gives your business true agility. 

Application modernization assists companies in eliminating needless operating costs, lowering capital expenditures, and freeing up workers to pursue new initiatives and revenue-generating plans. In this article, we will look at what modernizing your system application looks like and how it can benefit your company’s growth and success.

What Is Application Modernization?

In simple words, it is the practice of updating old software systems, also known as legacy systems, in order to retain the memory data but still benefit from the new framework. It is like renovating a house. Rather than discarding the older system, we can give it a good remodel and enhance its efficiency. 

The global application modernization services market was valued at USD 11838.15 million in 2021 and is predicted to grow at a CAGR of 14.31% over the forecast period, reaching USD 26405.06 million by 2027. For many businesses, this entails re-programming existing legacy workloads onto current cloud-based platforms or splitting monolithic software into smaller components, such as microservices, and then programming these microservices.

Why Has It Become Essential?

The main and most obvious reason for application modernization is to enhance efficiency, which will in turn give the company a better stand in this immensely competitive industry. Modernizing apps may help businesses take advantage of new technology and streamline processes among other things. 

Remember that there is an unseen cost in trying to make do with legacy software. Outdated software can reduce productivity, stifle expansion, and degrade the customer experience. On the other hand, a strong application modernization plan will also lower the resources needed to run an application, enhance the frequency and dependability of deployments, and improve uptime and resilience.

Top Benefits

Listed below are the top benefits you can experience by modernizing your system software:

1. Improved efficiency: Modernizing applications enables organizations to simplify processes, minimize layoffs, and automate repetitive procedures, resulting in higher productivity and resource utilization. App modernization also helps to maintain a variety of existing procedures, ensuring company continuity. According to IBM, upgrading legacy systems can increase developer productivity by up to 40%.

2. Cost benefits: You will cut expenses, improve dependability, and boost consumer confidence, and also position your organization to seize new possibilities faster. According to Intel, recent research found that when organizations lower their technical debt load by updating their legacy app portfolio, they get immediate savings of 32% of their IT expenditure.

3. Scalability: Modernized applications are often built to be more scalable, making it simpler to handle growing workloads and respond to changes in user demand. This is critical for businesses as they expand and need to support a larger user base or more sophisticated processes.

4. Flexibility: The flexibility of a business goes hand-in-hand with its ability to scale from smaller user bases to larger user bases. It can also be seen from the perspective that with advanced technology as your backbone, your company is more flexible to adaptations, upgrades, and changes in general. Agility is a product of flexibility and the best example for this is how Pinterest grew its user base from 50,000 to 17 million in only nine months by moving its processing and storage to Amazon Web Services.

5. User experience: For any organization, customer experience is the topmost priority. Giving your users what they want and keeping them satisfied is the main goal. Modernized programs frequently have more user-friendly interfaces, enhanced navigation, and responsive design. This improves the user experience and helps to retain consumers, perhaps leading to higher customer satisfaction and loyalty

6. Integration capabilities: Modernized applications provide for easier integration with other systems and third-party services. This is critical for businesses trying to establish a unified digital environment in which data and processes flow seamlessly between apps and platforms.  As applications migrate to the cloud, the ability to link them to databases and other resources becomes critical in generating cost savings and enhanced creativity.

7. Competitive edge: Ultimately as mentioned above, the main goal is a competitive edge, a winning chance, a head- start in the race. Modernized apps may help businesses remain ahead of the competition by allowing them to offer new features, deliver faster updates, and adapt to market changes more efficiently. By offering unique, quick-to-market applications, your company may better adapt to new market possibilities, increase efficiency, and engage consumers. According to IDC research, companies that engage in modern application development processes get 51% faster time-to-market and 41% more frequent distributions of software than those who do not.

Identifying When Your Company Needs Application Modernization

Identifying when your company’s systems require modernization is critical for staying competitive, increasing productivity, and ensuring long-term success. Here are some significant indicators that it is time to explore application modernization:

• Performance Problems: Recurrent problems with your applications, including sluggish response times, system failures, or blackouts, may be a sign that they are not able to handle the current workload. 
• Security Vulnerabilities: Security risks are more likely to affect legacy systems. Your company is vulnerable to data breaches and cyberattacks if your apps do not have the latest security features and upgrades.
• Lack of flexibility and scalability: Your organization’s growth may be hindered if your present applications are not flexible and scalable enough to meet changing business requirements or rising workloads. In order to adapt to changing requirements, modern applications are made to be more scalable and adaptable.
• Difficulty in Integration: Data flow and cooperation may be hampered if your applications are difficult to integrate with other systems in your company or with outside partners.
• Inadequate user experience: A poor user experience can result in customer and staff dissatisfaction.  Your applications could benefit from modernization if they lack features that improve usability or have an outdated user interface.

The Best Strategies For Application Modernization

Application modernization is a complex process that requires severe attention to details. It’s often beneficial to work with a cross-functional team and involve key stakeholders throughout the modernization journey. Here are a few of the best strategies to adopt while modernizing your system software application:

• Automation Is Key: Modernization teams are frequently stuck with manual methods that do not scale across a complete application estate. Thus, adding intelligent automation, AI, and data science to modernization and developing a repeatable pipeline for refactoring are critical.
• Define business Goals: An application modernization evaluation begins by defining which business goals the company wants to achieve through modernization. Common corporate motivations driving app modernization include cost savings, performance enhancement, enhanced security, and simplified management.
• Deep Application Observation: To modernize an existing monolith, deep observation is required in addition to basic static code analysis. This includes deeper domain-driven behavior analysis and continuously tracking dependency interactions.
• User Training and Change Management: Make investments in these areas to help end users move smoothly. Emphasize the advantages of modernization initiatives and offer assistance throughout the adoption process.
• Frequent Updating and Maintenance: The process of modernization never ends. To ensure that programs stay up-to-date with changing business requirements and technology changes, schedule frequent upgrades and maintenance.

How Can Fingent Help?

Leveraging app modernization to improve efficiency is a challenging task, but worry not because a competent development solution like Fingent can accomplish it with ease. At Fingent, our team of professionals can implement cutting-edge technology such as cloud-native solutions, artificial intelligence, and machine learning software in your organization. With satisfied customers worldwide, we provide tailored service and support to fit your company’s needs, with the flexibility to scale as needed.

Contact us to learn more about how we can help!

As the world grapples with the challenges of climate change, soil degradation, and resource scarcity, agricultural organizations find themselves at a critical juncture. The urgency for adopting sustainable farming practices, amplified by the integration of custom software, has never been more pronounced. This blog explores the pivotal role of digital transformation in achieving sustainability, shedding light on why agricultural organizations should embrace this shift.

Why the Focus on Sustainable Farming?

The urgency stems from a dual challenge: preserving the environment and securing the economic viability of agricultural operations. Inefficient practices impact the bottom line, making sustainability not just a moral duty but a financial necessity.

The Impact of Digital Transformation in Agriculture

Digital transformation, powered by Artificial Intelligence (AI), Data Analytics, and Cloud solutions, represents a seismic shift in farming approaches. The focus isn’t on whether to adopt these technologies but on how fast agricultural organizations can leverage them for sustainable growth.

To understand why agricultural organizations should embrace digital transformation, let’s consider some use cases.

1. AI in Agriculture: Precision Farming for Optimal Results

Use Case: Crop Yield Prediction

One significant application of AI in agriculture is crop yield prediction. AI algorithms analyze historical weather patterns, soil conditions, and crop health data to forecast optimal planting times and expected yields. For instance, a predictive AI model can take into account variables like temperature, precipitation, and crop health data to help farmers make data-driven decisions, maximizing yield with minimal resource use.

2. Data Analytics: Informed Decision-Making in Real Time

Use Case: Soil Health Monitoring

Data Analytics plays a crucial role in monitoring soil health in real-time. Sensors placed in the soil collect data on moisture levels, nutrient content, and temperature. Data Analytics algorithms process this information, providing farmers with immediate insights into soil conditions. By understanding these factors, farmers can adjust irrigation, fertilizer application, and other practices to optimize crop growth.

3. Big Data: Navigating Trends for Long-Term Success

Use Case: Market Trend Analysis

Big Data is instrumental in analyzing market trends to help farmers make informed decisions about crop selection and pricing. By aggregating and analyzing data from various sources, such as global market trends, consumer preferences, and weather patterns, farmers can strategically plan their crop rotations and adapt to changing market demands.

4. Cloud: Scalability and Flexibility for Modern Farms

Use Case: Remote Monitoring and Management

Cloud solutions enable remote monitoring of farming operations. Farmers can access real-time data on crop conditions, equipment status, and weather patterns from anywhere. This level of accessibility enhances decision-making and allows for timely responses to changing conditions.

Use Case: Collaborative Farming Platforms

Cloud-based collaborative platforms facilitate information sharing among farmers. This includes sharing insights on best practices, weather forecasts, and market trends. Such platforms promote collaboration, helping farmers make collective decisions for mutual benefit.

5. In-Depth Custom Software: Tailored Solutions for Agricultural Challenges

Elaborating on custom software solutions, let’s explore specific examples of how custom software has been tailored to address challenges in agriculture:

Example: Crop Management System

A custom Crop Management System can integrate AI and Data Analytics to provide farmers with comprehensive insights into crop health, soil conditions, and weather forecasts. This solution tailors its algorithms to the specific crops grown on a farm, offering personalized recommendations for irrigation schedules, fertilization, and pest control.

Example: Supply Chain Optimization Software

Custom software designed for supply chain optimization in agriculture integrates Big Data analytics. It tracks the entire supply chain, from harvest to distribution, optimizing routes, storage conditions, and inventory management. This ensures that produce reaches its destination in optimal condition, reducing waste and maximizing profitability.

Read Case Study: How Fingent helped a leading hydroponic farming company in the US transform its data management, tracking, and operational capabilities through customized technology.

Challenges in Leveraging Technologies in Farming Processes

Although the decision to implement technology in the farming process seems like a no-brainer, there have been a few challenges on the way. 

1. Complex Procedures: Navigating the Intricacies

The adoption of technology in farming processes is not a simple plug-and-play endeavor. Farming operations are intricate and interconnected. Addressing these complexities requires a strategic approach that acknowledges the nuances of each operation.

2. Legacy Systems: Breaking Free from the Past

Many agricultural operations are shackled by legacy systems that were implemented in a different era. These systems, while once effective, now hinder the integration of modern digital solutions. Overcoming this challenge involves strategic investments in upgrading or replacing outdated infrastructure.

3. Staff Onboarding: Bridging the Knowledge Gap

The success of digital transformation hinges on the people behind the technology. Onboarding staff with new technology presents a unique set of challenges, from upskilling the existing workforce to recruiting new talent. A comprehensive training strategy is essential to ensure that the human element seamlessly integrates with the digital landscape.

As the farming industry stands at the crossroads of tradition and innovation, the role of custom software becomes increasingly pivotal. So, let us explore how custom software serves as the linchpin in driving the right digital transformation for agriculture.

Custom Software: Tailoring Innovation to Agricultural Realities

Custom software addresses the complexities of modern farming, offering tailored solutions that off-the-shelf options often lack. It eases the digital transformation journey, ensuring a seamless integration of technology into existing processes. Here are some ways in which challenges can be addressed:

• Addressing Procedural Complexity: Custom software streamlines intricate procedures without disrupting established workflows, ensuring a seamless integration of new technologies.
• Compatibility with Legacy Systems: Designed to coexist with legacy systems, custom software serves as a strategic bridge, preventing the need for a costly infrastructure overhaul.
• Staff Empowerment through Training Solutions: Custom software includes comprehensive training modules, empowering staff to leverage the full potential of new technologies.

How Can Fingent Help?

At Fingent, we understand that the path to sustainable and efficient farming is paved with innovative, custom solutions. Our expertise extends across three crucial phases of the digital transformation journey: discovery, development, and implementation.

• Discovery Phase: Fingent collaborates closely with agricultural businesses to identify opportunities for digital transformation. Through meticulous analysis, we uncover areas for improvement in resource management, data utilization, and operational efficiency.
• Development Phase: Armed with insights, our seasoned developers craft custom software solutions designed to address the unique challenges of each farm. From precision farming tools to supply chain management systems, our goal is to optimize operations and enhance overall efficiency.
• Implementation with 24/7 Backup: The journey doesn’t end with software development. Fingent provides robust implementation support with 24/7 backup, ensuring a smooth transition into the digital landscape. Our commitment is to minimize disruptions and maximize the benefits of sustainable farming practices.

A Greener Tomorrow, Powered by Digital Innovation

In the journey towards a sustainable future for farming, digital transformation is paramount. Custom software is the linchpin, simplifying complexities and seamlessly integrating technology into agricultural operations. At Fingent, we stand ready to be your dedicated partner, discovering opportunities, crafting tailored solutions, and offering unwavering support. With the right custom software, your farm can lead the way to a greener tomorrow.

Give us a call, and let’s get talking. 

“Aviation is the branch of engineering that is least forgiving of mistakes.” – Freeman Dyson, British-American theoretical physicist and mathematician.

The truth in that statement is sobering indeed. The precision and skill needed to perfect a safe flight plan involves an army of brilliant minds. The process flows onto the nitty gritty of running the day-to-day tasks of the industry as well. That is where AI comes in. 

“Artificial intelligence is not a substitute for human intelligence; it is a tool to amplify human creativity and ingenuity.”  – Fei-Fei Li, co-director of the Stanford Institute for Human-Centered Artificial Intelligence.

Let us look into how AI is transforming the Aviation industry. 

An Introduction to Aviation and Artificial Intelligence

The aviation industry includes nearly every facet of air travel as well as the operations that support it. By extension, this covers the entire airline sector, as well as the production of aircraft, research firms, military aviation, and much more. Aviation management includes a wide range of tasks like managing airport safety and security, air traffic control, airport operations, aircraft maintenance, and airline operations. The ideal pricing strategy for an airline will always vary depending on its unique business objectives, route network, and market competition. The use of strategic communications to market an aviation or aerospace company to decision-makers is known as aviation and aerospace marketing. 

Where AI meets Aviation:

Artificial intelligence has revolutionized modern aviation, especially in connection with the modern airport. Recent reports by Radix state that “the artificial intelligence (AI) market, currently valued at $328.34 billion, is anticipated to expand by at least 120% annually”. 

AI is already improving the efficiency and convenience of air travel by automating mundane procedures in airports. In the future, artificial intelligence (AI) in aviation will primarily focus on digital transformation projects to enhance customer experience, speed up procedures, lower costs, and explore many more benefits of such cutting-edge technologies. According to research, approximately 38% of airports plan to use AI for tailored marketing in the near future.

Read Case Study: How Fingent’s Customized Integrated Solution helped a Private Jet company streamline their operations.  

Specific Areas AI Can Indent An Aviation Company

Artificial intelligence (AI) has already enabled autopilot technology to go from basic instruments for maintaining aircraft altitude to completely autonomous flight control systems that can operate gate-to-gate without requiring human intervention.

Furthermore, it can also be used by airlines and other operators for ground operations, flight planning, and fleet optimization. AI tools can help engineers designing airplanes create and certify goods more quickly and easily before they are even put on the market. Pricing strategy and marketing modules are two of the most critical areas that AI is impacting. 

Pricing Strategies

Airlines are transforming passenger engagement and revenue optimization by utilizing Artificial Intelligence (AI) to harness the possibilities of personalization and dynamic pricing. We’ll explore three of these key artificial intelligence-driven tactics. 

1. Dynamic Pricing For Tickets: Conventional pricing models frequently find it difficult to adjust in real time to changes in the market. However, this is where AI excels. 

• Customer Division: AI divides travelers into categories according to their willingness to pay and purchase patterns. Different consumer segments might have their pricing methods customized to ensure that the price is appealing to them.
• Competitor Observation: Artificial Intelligence (AI) solutions enable airlines to promptly respond to shifts in the competitive landscape by monitoring the pricing and strategies of their rivals.
• Supplementary Services: AI maximizes the cost of both tickets and add-ons like checked baggage, in-flight Wi-Fi, and seat preference. Airlines can optimize their ancillary revenue by determining pricing that appeals to travelers.

2. Personalization Pricing Modules: Airlines are now able to customize services, offers, and experiences to each passenger’s specific interests and behaviors thanks to machine learning algorithms. This degree of personalization is available from the reservation procedure all the way through the in-flight encounter, leading to a flawless travel experience.

• Customer Segmentation and Profiling: To generate thorough client profiles, AI algorithms can examine a wide range of data sources, such as previous booking histories, travel trends, and even social media activity.
• Customized Deals and Services: Airlines can create customized offers once they have unique profiles in place. These customized deals increase passenger satisfaction and foster client loyalty.

3. Real-Time Demand Analysis: Real-time analysis and demand fostering generally fall under dynamic pricing, but they are also similar to personalized models.

• Analyzing Data in Real Time: AI systems monitor the market, demand patterns, and pricing strategies of rivals in real time to modify ticket prices. This guarantees airlines’ continued competitiveness and revenue maximization.
• Demand Forecasting: Artificial Intelligence is able to forecast changes in demand for particular flights and schedules. Then, airlines can modify their pricing to maximize income during busy periods or fill unfilled seats.

Marketing Model

AI is capable of analyzing enormous volumes of data to spot possible safety hazards, forecast equipment malfunctions, and support preventative maintenance, all of which increase overall aviation safety. As per reports, AI in aviation was estimated to be worth USD 686.4 million in 2022, and between 2023 and 2032, it is expected to grow at a compound annual growth rate of more than 20%. In order to manage air traffic and optimize flight routes, airlines and aviation corporations look for AI software solutions. Two key ways that AI influences marketing struggles in the aviation industry are: 

1. Targeted advertising: Many neighboring industries utilize AI to optimize their advertising procedures and make them more attractive to the right audience. With passenger services like chatbots and tailored suggestions, AI can bring in more customers and revenue to airlines while simultaneously boosting customer satisfaction levels.

2. Monitor emails: The majority of requests for private flights are made via email, which means that operators must perform the tiresome chore of reviewing emails once an hour. With the help of AI, team members can react to travel requests more quickly and arrange flight schedules more easily by sifting through emails and selecting those that best fit what the business has to offer.

The Future Of AI In Aviation

By now, it must be evident how useful AI is to the Aviation industry. Furthermore, according to research, it is predicted to grow at a 37% annual rate of growth between 2023 and 2030, reaching US$ 12.1 billion by the end of 2031. Some emerging trends and advancements to look out for are:

Autonomous Aircraft: By decreasing human error, boosting productivity, and possibly even enhancing environmental sustainability, the development of autonomous aircraft might completely transform air travel.

• Data security: As AI systems are used more frequently, there is a greater need than ever for strong cyber security defenses against online threats.
• Workers Adaptation: As AI technologies are integrated, the aviation sector will need to upskill its workers and create new positions that reflect the shifting job market.
• UAVs (unmanned aerial vehicles): These drones with AI algorithms installed can effectively scan large areas, giving security operations useful data.
• Predictive maintenance: AI systems that can precisely forecast the need for maintenance by evaluating data from sensors integrated into aircraft components by reducing downtime and enhancing overall safety; this proactive strategy assists airlines and maintenance teams in identifying any problems before they become more serious.
• Customer assistance: Customers may soon be able to utilize AI-powered devices like Amazon Alexa, which can be connected to an airline’s mobile app. After that, Alexa may be used to respond to queries, deal with typical issues, track flight statuses using their numbers, manage check-in requests, and find out if amenities like Wi-Fi are available while flying.
• Passenger identification Kiosks: It is anticipated that AI will be used soon to provide self-service flight check-in. Consumers will utilize this technology in facial recognition kiosks. It is anticipated to enhance customer satisfaction and enable quicker check-ins and client flow at the airport.

How Can Fingent Help Aviation Companies Explore Capabilities with AI Better?

Here at Fingent, we believe using emerging technology can help industries reimagine processes and find possibilities in impossible challenges. We enable organizations to look beyond digitalization and create innovations that change lives by providing them with easy-to-use and quickly implemented software solutions. 

Fingent combines the full force of its expertise in many facets of technology to bring you a solution that will fit your needs. This includes the power of augmented, virtual, and mixed realty, data analytics, network, and infrastructure security, and more. 

We use an agile process to create dependable, high-quality, reasonably priced solutions that have an impact. In addition to our well-known post-installation care, we provide excellent customer service and knowledgeable support from the beginning to the end of the implementation. Give us a call, and lets create a custom solution that will help your aviation business reach new heights. 

To reiterate John F. Kennedy, “Change is the law of life, and those who look only to the past or present are certain to miss the future.” 

The digital world revolves around evolution and change. It is constantly transforming from one stage to the next. Do you feel lost in this metamorphosis of digital transformation? Does the fervent adoption of advanced technology into business processes catch you off-guard and unprepared? 

We understand and want to help you navigate and thrive in this new era. Stay with us and continue reading. 

What Is Digital Transformation? 

Digital transformation is the process of utilizing digital technology to develop or modify current corporate practices, culture, and consumer experiences to meet shifting business and market requirements. The perks include better company agility, improved efficiency, and, eventually, the creation of new value for shareholders, consumers, and employees. 

According to Gartner, 87% of senior business leaders believe that digitalization should be a top priority for businesses, and 91% of organizations across the globe are currently involved in some sort of digital operation. To improve its client experience, a business might implement AI or cloud computing, for instance. Or it might change its supply chain to ensure machine learning is used more effectively. There are innumerable ways to digitalize your business and reap its many benefits. 

Why Is Digital Transformation Important? 

The pandemic changed the relevance of digital transformation almost overnight. From a way of enhancing customer care, it quickly became embedded into the core operational and innovative aspects of an organization. In this day and age, an organization’s sustainability may be in jeopardy if it fails to implement digital transformation. This is vital to satisfy the demands of the business landscape. As per Statista, digital transformation has been the leading priority for information technology (IT) initiatives for global companies since 2020.

Businesses are using digital solutions to help them customize their interactions, communications, and goods to meet the unique needs of their clients. For instance, a report by Gartner estimates that by the end of 2020, chatbots will power 85% of customer support. Here are some important reasons why businesses are adopting digital tech: 

• Improvement Of Customer Experience – Customer experience is at the core of digital. In order to enhance the customer experience, 92% of business leaders are developing sophisticated digital transformation strategies.
• Additional Data-Based Insights – The tracking and analysis of metrics are made possible by going digital. Making efficient decisions and increasing ROI can both be accomplished by using data-driven insights to better understand customers and re-evaluate business strategies.
• Competitive Edge – By developing new goods and services, entering new markets, and enhancing customer comprehension and service, digital transformation enables organizations to achieve a competitive edge. 
• Cost-Cutting – By automating procedures, reducing waste, and improving supply chain management, digital transformation lowers business expenses. A McKinsey study found that businesses that completely adopt Digital Transformation can cut costs by up to 50%.

Stages Of Digital Transformation

Digitization, digitalization, and digital transformation are the three major stages of the Digital Transformation process. A successful implementation requires businesses to move from one stage to the next seamlessly.

• Digitization – The transformation of manual (analog) information into digital format, enabling easy manipulation, storage, and transmission, is called digitization. It is the process of moving to a digital business. For instance, converting paper forms into electronic documents.
• Digitalization – Using digital technologies and digitalized data to enable or improve business processes is known as digitalization. For instance, using a marketing website, software, or mobile app to stay in touch with customers and employees is an example of how digitalization may modify an organization’s operating structure and provide new revenue and value-producing opportunities.
• Digital Transformation – The use of new and developing technologies to encourage sustainable innovation and creative expansion while making fundamental changes in an array of business-related areas. It enhances all aspects of the organization, including how employees engage with clients and how operations are carried out. For example, it collects insights from previous customer data, behavioral patterns, and purchase history to customize products and services offered. That is one of its many benefits. 

How To Discover Where Your Business Stands 

Legacy challenges are frequently overcome as part of digital transformation, but how effective is it? Measuring the progress of any effort with well-defined KPIs and metrics is the only way to know how far you have come.

Tips to measure the progress of digital transformation:

• Feedback from your employees and co-workers
• Track fluctuations in customer feedback
• Analyze the data across the different initiatives that you have implemented

Some additional metrics to track include:

• The degree of digital adoption
• Customer satisfaction rankings

Receiving feedback and measuring progress this way can help you locate where your business stands in its Digital Transformation process and improve your strategies to drive better results.

The Future Of Businesses In Digital Transformation

From using cutting-edge technologies to making strategic decisions, Digital Transformation is influencing businesses. It alters how firms operate, streamlining operations, boosting efficiency, and establishing a cultural shift. A prediction by International Data Corporation states that 75% of corporate executives will use digital platforms and ecosystem capabilities by 2025 to increase their platforms’ agility, efficiency, and sustainability. 

Here are some future trends in Digital Transformation:

1. Low-Code, No-Code

Low-code, no-code is a method of software development that calls for either very little (low-code) or no (no-code) coding at all. As per studies, low-code and no-code platforms will be used for more than 65% of software development by 2024. The market will be valued at $13.8 billion in that year!

2. Cloud Migration 

Cloud migration is the act of moving data and applications from one location, typically a company’s on-premises servers, to a public cloud provider’s servers. The four benefits of cloud migration are efficiency, accessibility, scalability, and security. 

3. Artificial Intelligence And Machine Learning

AI uses machine learning for data analysis and forecasting to guide efficient digital organizational strategies, personalize interactions, optimize workflows, and offer consistently dependable services 24/7. 

Strategizing An Effective Digital Transformation Journey

While undertaking such a big change, it is important to have a foolproof strategy to rely on. Following are a few aspects that you can consider during your digital transformation process: 

• Transformation Of Business Strategies – Technology becomes pivotal to business strategy in the aftermath of digital transformation. Operating expenses and inefficiency can be decreased with this strategy.
• Realigning Business Operations – For agility and experimentation, it is essential to transform corporate procedures and adopt new working methods.
• Adopting Novel Methods Of Agility And Experimentation – Modern engineering capabilities must be combined with new working methods as customer expectations and the rate of change increase. Successful digital transformation requires a fundamentally different strategy—one that values the accessibility of technology and the adaptability of people.
• Flexible Technology Is At The Heart Of Long-Lasting Change – Staying fluid and adaptable will enable you to more readily create ecosystem connections that foster speed and scale while also accelerating innovation within your organization.

Watch more: 7 Deadly Mistakes Non-Tech Businesses Make On Tech Projects!

How Can Fingent Help? 

Fingent is one of the leading solution providers in the world. We have been around since 2004 and have successfully transformed many businesses from traditional modules into digitalized success stories. 

Fingent has expertise in all the technologies that drive a successful digital transformation journey. Specialists in Cloud computing, Artificial Intelligence and Machine Learning, Virtual and Augmented Reality, and more come together to create a holistic digital solution for your business.

Talk with our Digital Consultants, who will analyze your unique requirements and work out a future for your business that is equipped to succeed in the digital age. 

Home-grown might be the way to go when it’s to be put on your dinner table, but does it apply to your business as well?

The need for complete digitization of business processes has become a necessity in today’s day and age. Due to this demanding criterion, some businesses have taken it upon themselves to cultivate their own personal, home-grown software programs. This has proved to be exponentially advantageous to some businesses. The important question here is: Although your home-grown software helped you take a big step forward, is it going to hold up to other demands of the future?

What Is Home-Grown Software? 

Home-grown software, also known as legacy software, is generally a custom-tailored software program fabricated by a consumer or software development team to complete business processes. It is typically created internally from scratch, and the reason for its creation is the lack of suitable commercial packages that fit a specific business need. These programs are affordable and can be extremely handy. 

Although home-grown technology has proven to be an excellent path to customize business processes and cut costs in the past, it does not hold the same weight in the incessantly evolving market integrated with evolving advanced technology. The world’s capacity for technology and innovation is rapidly increasing, which places a lot of pressure on businesses that aim to progress. Due to this rise in customer expectations, most businesses are forced to migrate from their old home-grown software to modern cloud-based software.

Is It Time To Upgrade Your Home Grown Software Or Replace It?

Most software tends to fall apart over time, whether it is due to the changing market or its inability to scale as businesses grow. When this happens, you are faced with two choices: to either upgrade your software program or completely replace it. Here are a few indicators to look out for if you are not sure when is the right time to update or replace your legacy software:

• Unending Updates: If the “system update” notification starts popping up too many times, it’s time to consider an upgrade. When a system updates itself, it needs to shut down completely, and this directly affects the productivity of your employees. If there is an inconsistent workflow, motivation to work dies down.
• Security Scares: If your legacy software is incapable of encrypting and protecting your business data, you can potentially become a target for hackers and other security threats. Hence, security is a vital factor in determining whether you need to replace your software or update it.
• Trendy Technology: Analyze if your legacy software can keep up with current technology. If your home-grown software is unable to compete with modern technology and the technology it uses to run is outdated, finding personnel or employees to maintain it becomes close to impossible. This will add to your expenses and ultimately result in a business loss. 

Read more: Take steps to modernize your applications before they fall apart. Here are excerpts from a CTO on Legacy Application Migration!

Technical Debt 

Technical debt, also known as tech debt, is the cost businesses pay when they do not fix problems that will affect them in the future. It is essentially the price you pay for not foolproofing your business and its aspects. Tech debts are generally caused by insufficient information about company needs, pressure to release software quicker with quality checks, and underestimating the need for quality codes. 

It can be said that they are shortcuts taken during software development; they tend to accumulate over time and can affect business. Technical debts take the form of codes that are difficult to read, maintain, and scale or technical infrastructure that is outdated and in need of updating. Postponing the process of adding extra features and maintaining poor records of documentation are also forms of shortcuts. 

Consequences Of Technical Debt

There are several consequences of tech debt: increased cost for fixing problems that may arise; lower quality of service leading to poor customer service; tainting company image and reputation; stunted scaling, which leads to stagnant business; death of innovation and integration; poor security; obstructed workflow resulting in lower employee morale; and finally, overall increased risks. These consequences cannot be overlooked because if you ignore their existence in the beginning, they will stack up and slowly poison your business. Although cutting costs in the development phase of your home-grown software may prove to be economical initially, it is bound to cost you more money to repair in the long run. The average cost overrun of an IT project, according to the Harvard Business Review article “Why Your IT Project May Be Riskier Than You Think,” is 27%.

Integration For the Future

Every business owner plans their business with the bigger picture in mind. It is no surprise that the path of technology is decked with Artificial Intelligence and Machine Learning, among many other advanced technologies. When creating software, it is of utmost importance to code it with features that help it integrate with other systems and advanced technology. 

As a business owner, it is wise to keep all the cards on your side, and the advantages of Artificial Intelligence and Intelligence Automation cannot be overemphasized. The homegrown system you create must have the capability to sync with these evolving applications and intelligence tools. If you are not willing to completely abandon your legacy software and wish to update it instead, remember to consult the right professionals who can help you modernize your system to be up-to-date with evolving technologies and allow seamless incorporation. 

Creating and maintaining the perfect home-grown software can be quite challenging. Hence, most business owners prefer to partner up with a reliable service provider to meet their business needs. Developing custom software that targets your specific needs and is customized to cater to them is beneficial for your business. 

Just remember to be mindful of the choices you make while developing it. If you sense your legacy software falling short and notice that it is time for change, be bold and take that leap. Whether it is to replace the home-grown system or update it, keep your business’s future in mind and make your decision.

Talk to our experts and allow us to help you figure out the best solution for your business.

Artificial Intelligence (AI) evolved from a concept of science fiction to a transformative force that permeates our daily lives. From autonomous vehicles to voice assistants, AI has already made significant inroads in various sectors.

However, one area that stands to gain immensely from AI’s potential is the supply chain. As the backbone of global trade, the supply chain encompasses complex networks and intricate logistics. It is an ecosystem where efficiency, accuracy, and agility can make or break success.

With its vast array of applications, AI has the potential to streamline operations, enhance decision-making, and unlock untapped opportunities. In this journey through AI’s rising capabilities, we will delve into real-world use cases that demonstrate how AI is revolutionizing the supply chain. Furthermore, we will also explore the specific benefits that AI brings to the supply chain domain.

Role Of AI Optimizing the Supply Chain

Every business owner dreams of a supply chain that is finely tuned, seamlessly efficient, and adaptive to every twist and turn of the market. A business where warehouses run like clockwork, shipments arrive precisely on time, and customer demands are anticipated with uncanny accuracy is not a far-fetched dream; it’s a reality being shaped by the game-changing role of Artificial Intelligence (AI) in optimizing supply chain operations.

At the heart of AI’s transformative influence are three key components that work in harmony to revolutionize the supply chain landscape. Let’s uncover their captivating role in reshaping the future of supply chains.

• Machine Learning and Predictive Analytics: Machine learning and predictive analytics in the supply chain are like having a trusted, experienced mentor by your side, whispering valuable insights and guidance into your ear. Machine learning algorithms analyze vast amounts of historical data to uncover patterns, trends, and potential pitfalls. 
• Natural Language Processing and Chatbots: Natural Language Processing (NLP) allows you to simply ask a question about your supply chain and receive instant, accurate answers. With a chatbot available 24/7, customers can get instant responses, while supply chain teams can focus on strategic decision-making.
• Robotics and Automation: Robots, equipped with advanced sensors and AI algorithms, can perform repetitive tasks with unmatched precision and speed. From inventory management to order fulfillment, these tireless machines streamline operations, reduce errors, and enhance efficiency.

How AI Solves Supply Chain Challenges

The world of supply chain management is like a complex maze with numerous challenges at every turn. Thankfully, AI emerges as the trusty guide, equipped with the tools to solve some of the most daunting hurdles. Here are some for your reference: 

1. Demand Forecasting and Inventory Optimization: This AI-powered assistant acts as your supply chain ‘savant,’ it understands your historical consumption patterns, market trends, and even factors like seasonality or promotional events. 

2. Supplier Selection and Relationship Management: Choosing the right suppliers and maintaining strong relationships is like finding the perfect dance partner. AI steps in as a knowledgeable matchmaker. By analyzing vast amounts of supplier data, performance metrics, AI algorithms can assess and rank potential suppliers based on criteria such as reliability, quality, and cost. 

3. Warehouse and Inventory Management: AI acts as a vigilant warehouse manager, optimizing layout, guiding picking and packing processes, and even predicting optimal storage locations. With AI-powered systems, warehouses can maximize space utilization, minimize errors, and accelerate order fulfillment, resulting in streamlined operations and satisfied customers.

4. Transportation and Logistics Optimization: AI takes on the role of coordinator who has a bird’s-eye view of the entire transportation network, utilizing algorithms to analyze real-time data on factors like traffic, weather conditions, and delivery constraints. By optimizing routes, load planning, and vehicle assignments, AI enables efficient transportation management.

5. Quality Control and Defect Detection: Think of a diligent quality inspector who never misses a flaw in a product. AI becomes this meticulous inspector, utilizing computer vision and machine learning algorithms to analyze visual data and detect defects with remarkable accuracy. 

6. Risk Management and Supply Chain Resilience: AI plays this vital role just like a risk management expert. It analyzes a wide range of data sources to identify potential risks and vulnerabilities, ensuring supply chain resilience in the face of uncertainties.

7. Customer Service and Satisfaction Enhancement: AI takes on the role of a customer service representative who can swiftly address customer inquiries, provide accurate information, and resolve issues with ease. AI-powered customer service tools offer instant responses, personalized recommendations, and seamless assistance, enhancing customer satisfaction and loyalty.

Watch: Artificial Intelligence – how to navigate AI if you are not a tech company.

Remarkable Real-world examples of AI in the Supply Chain

AI transforms supply chain management like never before. Don’t take our word for it. See it in action as implemented by big players in the industry:

Use Case 1: Precision Prediction by Amazon

Problem: Traditional demand forecasting and inventory management methods often struggle to predict customer demands and optimize inventory levels in real-time accurately.

Solution: To address this challenge, Amazon has harnessed the power of AI algorithms to revolutionize demand forecasting and inventory management. By analyzing vast amounts of customer data, historical sales patterns, and even external factors like weather forecasts, AI algorithms can accurately predict demand with remarkable precision.

This AI-driven approach allows Amazon to optimize inventory levels, ensuring that popular products are readily available while minimizing excess inventory and reducing the risk of stockouts. By aligning supply with demand, Amazon is able to enhance customer satisfaction and maintain a competitive edge in the dynamic e-commerce landscape.

Use Case 2: Substitution Solution by Walmart

Problem: In online grocery shopping, customers often encounter situations where certain items they ordered are out of stock. This can lead to dissatisfaction and inconvenience, as customers may have to manually search for suitable substitutes or go without the desired product.

Solution: To address this issue, Walmart has implemented an AI-driven product substitution system. Using advanced algorithms, the system analyzes product attributes, customer preferences, and available inventory data to suggest suitable substitutions for out-of-stock items.

When an ordered item is unavailable, the AI system automatically identifies the best possible substitute based on factors such as brand, size, price, and customer feedback. It takes into account the customer’s past purchase history and preferences to make personalized recommendations. The system provides clear and transparent information to customers, ensuring they are aware of the substitution and have the option to accept or reject it.

Use Case 3: Real-Time Routing by UPS

Problem: Traditional route planning methods often struggle to optimize delivery routes efficiently, resulting in inefficient use of time, resources, and fuel.

Solution: UPS leverages AI algorithms for route optimization, enabling them to analyze real-time data on factors such as traffic patterns, delivery constraints, and even weather conditions. By considering these variables, UPS can generate optimal delivery routes that minimize distances, reduce fuel consumption, and optimize delivery time.

Through the implementation of AI in its logistics operations, UPS achieves significant cost savings, improves delivery efficiency, and reduces its carbon footprint. This AI-driven approach allows UPS to stay ahead of the competition and provide exceptional service to its customers.

Use Case 4: Valuable Vending by  Coco-Cola

Problem: Traditional vending machines often lack the ability to gather real-time data on customer behavior and gauge the effectiveness of different brands and product offerings. 

Solution: To overcome these limitations, Coca-Cola has implemented AI-enabled next-gen vending machines. These machines are equipped with advanced sensors, cameras, and AI algorithms that gather real-time data on customer behavior, purchasing patterns, and brand preferences.

With this newfound understanding, Coca-Cola can optimize product placements, tailor offerings to specific locations, and develop targeted marketing campaigns. Furthermore, the AI-enabled vending machines also allow Coca-Cola to remotely monitor inventory levels, predict demand patterns, and optimize restocking schedules. This ensures that the vending machines are always well-stocked with popular products, reducing the likelihood of stockouts and maximizing sales opportunities.

Use Case 5: Wonder Warehouses by Alibaba

Problem: Traditional warehouse management practices often face challenges related to inefficient storage utilization, suboptimal picking processes, and delays in order fulfillment.

Solution: Alibaba has embraced AI technology to develop smart warehouses that leverage automation, robotics, and AI algorithms. These AI-enabled warehouses optimize storage utilization, streamline picking and packing processes, and enable efficient order fulfillment.

Through the integration of AI, Alibaba achieves faster and more accurate inventory management, enhances warehouse operations, and improves overall efficiency in its supply chain. This innovative use of AI allows Alibaba to meet the demands of the e-commerce market and deliver exceptional service to its customers.

Checkout out our Infographic: Successful Logistics and Warehouse Management Practices.

Solid Supply Chain Solution with AI by Fingent

Advancements in AI technologies continue to shape the supply chain landscape, with machine learning algorithms becoming more sophisticated, natural language processing capabilities evolving, and robotics and automation becoming increasingly intelligent and adaptable. These advancements enable businesses to make data-driven decisions, automate repetitive tasks, and optimize operations like never before.

At Fingent, we understand the immense potential of AI in supply chain management and are committed to helping businesses harness its power. Our expertise lies in developing innovative AI solutions tailored to specific industry needs, integrating AI with emerging technologies, and driving digital transformation in the supply chain.

Whether it’s building intelligent forecasting models, implementing AI-powered automation, or leveraging AI-driven analytics, Fingent is dedicated to empowering organizations to thrive in the AI-driven supply chain landscape.

Businesses that embrace its potential will gain a significant competitive advantage. By leveraging AI technologies, integrating with emerging technologies, and partnering with experienced custom software solution providers like Fingent, organizations can unlock new frontiers of efficiency, innovation, and success in the dynamic world of supply chain management.

Reach out to us to get the best supply solution for your business. 

SAP S/4HANA is a catalyst for business success, weaving its transformative power across the ERP landscape. SAP S/4HANA is more than just any software; it’s a realm of possibilities. It is like a digital fortress that integrates and orchestrates your supply chain, ensuring harmony and efficiency throughout your organization. 

With a single source of truth, it empowers organizations to make informed decisions based on accurate, up-to-the-minute insights. It’s like having a trusted compass that illuminates the hidden paths of your operations, empowering you to confidently navigate the ever-changing terrain of the business landscape.

Understanding SAP S/4HANA – A Visionary Leap Into The Future

SAP S/4HANA is not your ordinary ERP solution. It harnesses the power of in-memory computing, real-time analytics, and a simplified data model to deliver a seamless and intelligent ERP experience. It is a technological marvel that blends speed, agility, and simplicity into a single transformative platform.

The shift from traditional SAP ERP systems to SAP S/4HANA marks a significant milestone in the ERP landscape. It represents a move from a row-based data model to an in-memory, columnar-based data model, resulting in lightning-fast data processing and real-time analytics.

With the transition to SAP S/4HANA, businesses unlock a plethora of benefits. They gain real-time insights for faster decision-making, simplified processes for improved efficiency, and intelligent technologies for enhanced automation and predictive capabilities. It’s like upgrading to a futuristic command center that propels your business into a new realm of success.

Let’s begin by unveiling the key features and capabilities that make SAP S/4HANA shine.

• It brings the power of real-time insights, allowing businesses to make decisions based on up-to-the-minute data. 
• SAP S/4HANA simplifies processes, reduces data redundancies, and eliminates complexities to streamline operations. 
• It leverages advanced technologies such as artificial intelligence (AI), machine learning, and predictive analytics to unlock automation, insights, and predictive capabilities.

Read more: A Beginner’s Guide To Implementing SAP S/4HANA

Key Benefits of SAP S/4HANA

1. Grasp The Pulse of Your Business at Any Given Moment with Real-Time Analytics.

With its in-memory computing capabilities, SAP S/4HANA processes massive amounts of data in real-time, allowing for faster and more responsive operations. With real-time analytics, you have the power to respond swiftly to changing market dynamics, identify emerging trends, and seize opportunities before they fade away. It’s like having a nimble and swift chariot that propels your business forward, helping you stay ahead of the competition.

2. Enthralling User Experience

SAP S/4HANA’s intuitive interface and personalized dashboards transform ERP navigation into a delightful journey. It’s like stepping into a realm of effortless elegance, where tasks are completed with grace and efficiency, where your teams can work seamlessly, unlocking their full potential and driving productivity to new heights.

3. Declutter Your Landscape with a Simplified Data Model

SAP S/4HANA can help you bid farewell to the tangled webs of complexity and data redundancies. It enables you to declutter your business landscape, allowing you to focus on what truly matters—innovation and growth. With a simplified data model, your organization gains agility, flexibility, and the ability to adapt swiftly to changing business needs.

Now that you are aware of the business benefits let’s discuss how you can prepare for SAP S/4HANA implementation.

Prepare For SAP S/4HANA Implementation

With the right foundations in place, organizations can embark on their SAP S/4HANA implementation with confidence, ready to unlock the full potential of this transformative platform.

1. Assessing Business Readiness:

Assessing the organization’s readiness for SAP S/4HANA implementation is like taking stock of your supplies before embarking on a grand expedition. Evaluating data readiness ensures that your information is accurate, complete, and compatible with the new system. Additionally, allocating resources appropriately – including skilled personnel and budget – ensures that you have the necessary support to navigate the implementation journey smoothly.

2. Building the Implementation Team:

On a voyage, each member has a vital role to play. Project managers steer the entire implementation process. Functional consultants bring their expertise in specific business areas, ensuring that SAP S/4HANA meets your unique requirements. Technical experts handle system configurations, integrations, and customizations. Together, this cross-functional team brings together diverse perspectives, fostering synergy and ensuring that all aspects of the implementation are addressed comprehensively.

3. Chart your Course by Defining Implementation Goals and Scope:

Defining clear goals and scope for the SAP S/4HANA implementation provides a clear direction and prevents aimless wandering. By identifying key business processes, you prioritize areas that will benefit most from the new system. This focused approach optimizes time and resources enabling effective project planning and increasing the likelihood of a successful SAP S/4HANA implementation.

Six Phases of SAP S/4HANA Implementation

Each of the following well-defined phases of the SAP S/4HANA phase brings your organization closer to harnessing its and unlocking new levels of efficiency, agility, and competitive advantage:

Phase #1 Project Planning and Preparation:

Planning and preparation are like laying the foundation for a solid structure. Activities in this phase include creating a detailed project plan, establishing timelines, and defining deliverables. By clearly outlining project objectives, tasks, and responsibilities, organizations ensure a structured and well-organized implementation process. 

Effective stakeholder communication is vital during this phase, keeping everyone informed and engaged. Change management strategies are implemented to address any resistance to change, ensuring the smooth adoption of SAP S/4HANA.

Phase #2 System Installation and Configuration:

System installation and configuration start with assessing hardware requirements and designing the system landscape, ensuring optimal performance and scalability. The SAP S/4HANA system is then installed, configured, and integrated with other systems, creating a cohesive IT ecosystem. This phase requires careful consideration of factors like network infrastructure, security, and software installation.

Phase #3 Data Migration and Conversion:

Data migration and conversion are like transferring belongings to a new home. Legacy data is extracted, transformed, and loaded into the SAP S/4HANA system. This process involves data cleansing, eliminating duplicates, and ensuring data accuracy. Data validation is crucial to verify the integrity and consistency of migrated data. 

Phase #4 Customization and Configuration:

This phase is like arranging furniture in a new space. Configuration involves setting up master data, defining workflows, and configuring system functionalities. This phase ensures that SAP S/4HANA aligns with the organization’s unique processes, enabling efficient operations and improved user experience.

Phase #5 Testing and Training:

Testing and training form the backbone of a successful SAP S/4HANA implementation. Thorough testing is conducted to validate the system’s functionality, performance, and data accuracy. This includes unit testing, integration testing, and user acceptance testing. 

Training programs are designed to equip end-users with the necessary skills and knowledge to effectively utilize SAP S/4HANA. 

Phase #6 Go-Live and Post-Implementation Support:

Going-live is like opening the doors to a new facility, enabling users to work with real data. Post-implementation activities include monitoring system performance, addressing user feedback, and providing ongoing support. Continuous improvement initiatives and enhancements are implemented based on user experience and evolving business needs. Regular system maintenance and updates ensure the system’s optimal performance and long-term success.

These are some best practices and lessons learned from previous SAP S/4HANA implementations. They offer valuable insights that can guide your organization toward successful implementation. These can help you avoid common pitfalls and maximize the benefits of SAP S/4HANA. 

Read more: A Simple Guide To Handling Common SAP Errors and Troubleshoots

Strategies You Can Use to Overcome Common Challenges

Challenges during SAP S/4HANA implementations can vary, but some common ones include data migration complexities, resistance to change, resource constraints, and technical integration issues. To overcome these challenges, organizations should:

• Engage experienced consultants and leverage their expertise.
• Invest in data cleansing and migration tools to streamline the process.
• Prioritize change management activities and communicate the benefits of SAP S/4HANA.
• Allocate sufficient resources and budget for implementation and post-implementation support.
• Collaborate closely with SAP experts and leverage their guidance and best practices.
• Monitor the implementation progress regularly and adapt the plan as needed.

How Can Fingent Help?

Fingent can provide comprehensive services to deploy SAP S/4HANA for better supply chain management. We at Fingent offer consulting services to assess your supply chain management requirements and design a customized SAP S/4HANA implementation strategy. Our advisory services provide expert guidance on how to optimize your operations and drive digital transformation.

Are you currently using an older version of SAP ERP? If so, we can analyze your existing system, assess the impact of the conversion, and guide you through the conversion process.

Fingent leverages SAP Leonardo’s intelligent technologies, such as machine learning, IoT, and analytics, to enhance your supply chain management processes. With our expertise in SAP S/4HANA and supply chain management, we can guide you through the entire deployment process, from strategy and implementation to ongoing support.

Reach out to us, and let’s work magic for you. 

The world of technology keeps evolving and waits for no one, so it is our responsibility to keep up with it rather than fall behind. The healthcare industry has for a long time been using software development systems to monitor and ease work-lifestyles; now it is time to customize this software to make them function and run exactly the way you need it to. Custom software development has made life and business significantly easier for innumerable industries and is poised to revolutionize the Healthcare Industry as well. This article will tell you all you need to know about it.

Importance Of Healthcare Software Development  

Healthcare software systems provide innumerable benefits to hospital management, from improved productivity to reduced medication errors. It streamlines the workflow, enhances data quality, drastically reduces errors, and boosts patient experiences. Rising technological advancements also help with hospital administration and operations. 

Benefits Of Customized Healthcare Software Development 

The overall benefit of using customized healthcare software is overall progress and betterment. This should be reason enough to convince anyone to adopt custom healthcare software but if it is not, listed below are a few of the other benefits of this type of software development:

• Increased security – Thanks to the inculcation of software in healthcare, hospitals are now sending, storing, and retrieving data through the web. Custom software solutions will guarantee the safety of this personal medical data. 
• User-friendly experience – The target audience’s desired product is taken into consideration by software designers and user interface designers. Software designers can also consider specific aspects of an application to make it more alluring and interactive. 
• Customizable features – Customization is the buzzword right now, and custom software provides it like no other. Customer feedback is prioritized, and the generated product is more streamlined and efficient. Customized software will handle specific problems, and this aspect makes it attracts and brings in more loyal customers or patients. 
• Quality of diagnostics – Technology is well known for its brilliance in efficiency. Diagnostics run by a customized software solution have proven to have outstanding quality and accuracy because these solutions imbibe knowledge from innumerable sources and compare results faster. Hence, healthcare providers can proffer improved healthcare if they rely on custom software solutions. 

Read more: How Can Custom-Made Software Provide Superior Customer Service In The Healthcare Industry?

Understanding Healthcare Software Development 

Healthcare software development is the creation of any software for the healthcare sector to facilitate hospitals and improve equipment management. It also helps with administering electronic records, managing health records, providing diagnoses and treatments, improving patient care, and reducing costs. 

Healthcare software development plays an important role in everyone’s life. For doctors – it reduces paperwork and increases collaboration with other specialists. For patients – it enhances patient outreach, improves healthcare quality, and eases access to medical data. Lastly, it improves medical business management and streamlines management processes for organizations. 

Healthcare organizations, just like any other organization, have their own set of challenges that cripple them. Custom Software can address most of these challenges and fix them. 

• Cyberthreats – The skyrocketing rate of cyber security attacks threatens to endanger the personal medical data of patients and, ultimately, the reputation of a healthcare center. Custom Software can fix this with its exceptional security firewalls and customized cyber security.
• Patient Experience – When patients experience favorable care, they are more likely to heed medical advice and this is essential for better healthcare outcomes, boosting patient retention rates and lowering malpractice risk. Custom software can help here, too by enhancing the user experience and user interface by creating more interactive, customized, and enticing products. 

Key Considerations for Healthcare Software Development

Now that we have established the importance of custom healthcare software development, here are some key considerations:

1. Compliance And Security – 

Medical records are very sensitive data, and it is the responsibility of the healthcare facility to protect them carefully. Abiding by the international security laws of HIPAA, PCI, and IOS is a must, along with deft investments in specialized medical data security. Ensure that your partner conducts adequate software checkups to detect any potential vulnerability.

2. User-Centred Design – 

Customized healthcare software’s main target is its audience, so focusing on their comfort or ease is a top priority. Inclusivity of all kinds, from senior users to less literate users, is a crucial thing to keep in mind when designing an interface for the organization. Properly incorporated user-centered designs are vital for an intuitive and efficient workflow. Software Designers usually build a simple and easy-to-use user interface (UI) and a user experience (UX). 

3. Interoperability and Integration – 

Interoperability, in simple words, is the ability of a software or system to work compatibly with other products and systems. It helps facilitate organized and effective data exchange between data systems. To avoid complications with regard to personalized information or reports of customers while sharing data between systems, especially when introducing new versions of the same software to different platforms, efficient interoperability is important. 

4. Scalability and Flexibility – 

Scalability and flexibility are other critical considerations to remember. It is imperative to design a product capable of scaling up as your healthcare organization grows. Ensuring that your customized software developed is flexible and can change and segue according to wavering customer demands. 

5. Data Analytics and Insights – 

Data analytics is essentially the process of studying raw data in order to determine trends and enable enhanced decision-making.  This transformation of data done by custom software into insights can drastically leverage data to enhance decision-making, patient outcomes, and overall operational efficiency.

Read more: AI in Healthcare – Know what’s trending and what’s upcoming!

Steps in Custom Healthcare Software Development

Let’s now get into the development itself. Here are some steps to ensure that the development goes smoothly and provides the best outcomes: 

1. Requirements Gathering and Analysis – 

It is always best to make a detailed analysis of your organization, its needs, and budgets before diving into a custom software development project. Consult well-versed software designers and healthcare professionals, jot the requirement details, and communicate with your team members to obtain an unbiased perspective.

2. Design and Development – 

In this step, the analysis generated is used as input and software infrastructure for implementing software development. Software developers first draw a synopsis of the details for the application, including specific aspects such as User interfaces, System interfaces, Network and Network Requirements, and Databases. 

Following close behind the design stage is the development stage. It is the stage where coding starts and all components of the software are implemented. The use of agile methodologies and interactive interfaces to improve user satisfaction, flexibility, and feedback incorporation is crucial during this phase of development. 

3. Quality Assurance And Testing – 

The testing period begins at the end of the coding stage. Here the modules are circulated for testing. Although testing may not seem like a necessary step, skipping it will ultimately result in the downfall of software. The developed software should be tested thoroughly, and developers fix any vulnerability discovered. There are various tests that need to be conducted after coding of software; these include – functional, usability, and security testing. 

4. Deployment and Training – 

After the product has been sufficiently tested, the software is deployed into the market or organization scheme. In the case of UAT (User Acceptance Testing), a production environment is created, and the customer, along with the developers, partakes in the testing. 

Case Studies

Fingent has been a leader in custom software development for the healthcare sector and has created unmatched solutions for its clients. Here are a few examples:

A Data Analytics Solution for NHS: With the wide range of hospitals under its governance, the NHS required a data visualization tool that would help them compare healthcare performances across the hospitals and showcase the best ones. Fingent helped develop a solution that was customized to the NHS’s specific needs and designed an application with interactive visuals and real-time access to insights. 

Fingent’s portfolio includes top-notch solutions like this, including an online engagement platform for NovitaCare and a patient care solution to promote effective communication in the healthcare ecosystem. Working with clients globally, Fingent has been able to have a direct impact on simplified patient care, operational efficiency, and cost savings for healthcare providers. 

Future Trends In Healthcare Software Development 

The future evidently holds great plans for healthcare software. We have only skimmed over the uses and possibilities that technology has introduced to healthcare; there are so many more possibilities.  

1. AI in Healthcare

Artificial Intelligence is the most beneficial factor of technology for the healthcare industry. It can effortlessly mimic human cognition in analyzing, interpreting, and evaluating complex medical data. AI can perform data analysis through the healthcare system and can be widely used to predict patient admissions and improve clinical workflows. 

2. IoT in Healthcare

IoT (Internet of Things) has the potential to enable healthcare professionals to supervise their patients more accurately. It can equip healthcare workers and professionals with the tools to deliver excellent care and treatment to patients. Exploiting this technology and several tech-powered wearables that enable real-time tracking, end-to-end connectivity, and remote monitoring are some of the other areas that IoT will assist.

Summary 

Healthcare Software Development benefits institution staff, patients, and administrators. Although it might seem quite diverse and may come across as a daunting task, with the right partner on your side your journey will be successful. 

Look for a partner in Fingent, and we will help you navigate the complexities and compliances that come with the development of healthcare software solutions.

Reach out to us today, and let’s get talking.