Category: Blog

Digital Transformation of the World Economy

Digital Transformation of the World Economy

The basis of any economic transformation is changes, the key aspect of which is a change in the approach to doing business. In the 21st century, technology has become an integral part of the development of the state and society; thus, digital transformations penetrate deeper and deeper into the everyday life of humanity and into all spheres of their activity.  The concept of “digital transformation” is based on radical changes in technological processes that are observed in all areas (economics, […]

Why Your Software Components Should be AUTOSAR Compliant

Why Your Software Components Should be AUTOSAR Compliant

  The world industry is on the verge of a new round of development characterized by the emergence of breakthrough technologies such as blockchain, AI, 3D printing, Virtual Reality, the Internet of things, Augmented Reality, etc. As a result, fundamental changes will occur in most sectors of the economy.  The automotive industry is no exception. This industry plays one of the key roles in the economies of many states, and the changes taking place in it lead not only to […]

Winning Software Solutions for a Smart Seaport from Real Experts

Winning Software Solutions for a Smart Seaport from Real Experts

Digital transformation is what a lot of people have already heard about. This notion is becoming more and more popular in terms of business where modern technologies are integrated with all processes of the company.  Logistics especially requires the introduction of the latest solutions. FTP software is a reliable IT consulting company that can provide you with a wide range of necessary services so that your business can grow and develop. It is specialized in logistics renovation and even smart […]

IT in Media and Entertainment: What it Takes to Keep up with the Joneses

IT in Media and Entertainment: What it Takes to Keep up with the Joneses

Digital transformation has become a new buzzword that opens brand new opportunities to both market leaders and startups in each and every industry. According to the recent study featuring the World Economic Forum, digital transformation and the active use of technology will open up a huge $100 trillion market and will stand behind 30% of all revenues.  While the digital revolution gives new opportunities to business, it brings new challenges too: it forces industry players to be on the constant […]

Healthcare in the Digital Age: Expert Insights

Healthcare in the Digital Age: Expert Insights

Digitalization is evident in all aspects of society and is gradually capturing even the most personal and security-sensitive industries like healthcare. Here, the advantages of digitalization and IoT implementation can help to transform preventative medicine, considerably reduce the burden on healthcare providers, and make treatment more effective.  In fact, these are not just predictions – many changes have already been implemented, transforming the image of healthcare forever. Join FPT Software, a global leader in healthcare IT solutions, in its review […]

5 Steps to Creating a Winning Digital Banking Strategy

5 Steps to Creating a Winning Digital Banking Strategy

The banking world is only becoming more active and responsive to technological innovations and market trends. Here, they have to balance between the need to provide agile, mobile solutions and ensure top-notch security amids the rapid increase in malware and financial fraud. Security and privacy requirements have a great impact on the digital banking transformation strategy and firms in the banking and finance industry spend much time reviewing the way their businesses operate and analyzing how consumers make decisions about […]

Implementing IoT in Healthcare: Pros and Cons to Consider

Implementing IoT in Healthcare: Pros and Cons to Consider

Digital transformation is a new reality reshaping all market industries and the life of humanity as such. While people have been long welcoming digitalization of manufacturing or media and entertainment, using artificial intelligence and autonomous technology in personal vehicles and, more than that, the human body, has had a bit of a chilling effect. Thus, the healthcare industry faces a dual challenge – to leverage the latest technology while also educating people on the benefits of living in the age […]

7 Tips to Leverage RegTech in the Financial Industry

7 Tips to Leverage RegTech in the Financial Industry

Regtech and fintech software solutions are emerging and maturing. Disruptive technologies like artificial intelligence, data and analytics, cloud technologies, blockchain, biometrics, and cryptography are changing the way financial institutions operate. However, are fintech IT solutions leveraged to the full? Let’s consider the obstacles in the path of the Fintech Revolution and the means to circumvent them in more detail.  Challenges to Full-Scale Regtech Adoption  Regtech (Regulatory Technology) is considered very important for banks due to the pressure of competition and […]

Robotics in Finance: A Quick Way to Making the Life of Your Team Easier

Robotics in Finance: A Quick Way to Making the Life of Your Team Easier

In today’s technology-driven era companies face a common challenge – building responsive ultra-fast businesses while optimizing cost and customer service. This is where Robotic Process Automation or RPA can deliver substantial benefits. The core of robotics in finance is to act as a standard for carrying out operations after filling out predefined instructions. At present, such bots have exceeded performance expectations and, getting the power to make decisions using advanced AI and ML algorithms, they become even more effective. Thus, […]

The Use of Augmented Data Management in News and Media

The Use of Augmented Data Management in News and Media

Data augmentation is the process when new data is created based on modifications of pre-existing data. Augmented data management is valued when more of this data needs to be added to training sets or times when businesses want to reduce overfitting.  However, digging for data is not an end in itself. It must be processed in order to gather the insights needed for the growth of any company or industry. Again, processing of the data paths takes a toll on […]