Cybersecurity problems firmly take place in each company’s daily life and become a buzzword for executives and risk managers. The reason is the high price of data breaches that continue to grow year after year. In 2019, American healthcare agency underwent the biggest cyberattack of the year, exposing 11.9 million records of personal information. Canadian financial corporation Desjardins said their cost of a data breach was US$108 million last year. Also, in 2019, British Airways was fined US$236 million due to the GDPR violation, namely for exposing details of about half a million customers.The most vulnerable sectors for cyber attackers remain to be business, healthcare, education, fintech organizations, and the military sector. That’s why organizations worldwide are now struggling to anticipate the risks early by detecting vulnerable spots and avert crimes followed by massive expenses. From data breaches and IT security skills gap to detection tools and multicloud strategies – let’s take a look at cybersecurity risks, trends, and solutions that are likely to reshape the industry in 2020.

On July 22, 2020, Innovecs hosted the online talk, “Why bother? Coding for designers”, dedicated to the importance of foundational coding skills for artists. Playwork’s Art Director, Giacomo Maragliulo, and Manager of Creative Operations, Emmanuel Bergman, uncovered the main reasons designers have to learn to code and how it can help create better visuals. Produced by the InnoHub platform & multimedia studio, this online conversation embraced a large audience and helped shed light on the value of coding knowledge in design. Like all our previous InnoHub events, this one was also aimed to share knowledge and help develop professionally. Keep track of all our events on the official InnoHub page. Now, let’s outline the key points of the conversation below.

Many organizations have already moved their workloads to the cloud. According to recent research, migrations to the public cloud grew to 92% from 89% for the last three years. And now, over 80% of firms with 1000 workers or more are using multiple cloud platforms at a time. By 2024, this percentage is expected to jump up to 90%. Moreover, during the next year, the global market spending on public platforms is going to hit the staggering US$277 billion, which is 73% more than in 2018.Many companies rushed into cloud computing because it enables them to be agile and competitive in a fast-paced and ever-changing customer landscape. Cloud is a solution to reduce the expenses for maintaining on-prem workloads; it fosters constant improvements by scaling the applications on demand; it aids in streamlining and standardization of security measures.

The value of effective global supply chain management is increasing each year, as nearly 10-12% of global GDP comprises logistics activities. This percentage shows that people tend to consume more and more. And along with the need to get the deliveries on time, customers seek a seamless and superfast shopping experience. Thus, 30% of businesses worldwide stated that their primary objective is to satisfy the rapidly changing customer requirements, which can result in the company’s success. Indeed, companies with high-performing supply chains get more revenues, than the average logistics performers.With this in mind, leaders have to find out the ways to transform their global supply chain management and to adapt to growing customer mandates. According to a recent report Future State of Digital Supply Chain Transformation, over 75% of companies consider the integration of digital tools as a very important component in achieving effective supply chain management (SCM).

For non-emergency dermatology issues, a new patient from Boston has to wait over 70 days for an appointment with a doctor. People with heart disorders and obstetrics-gynecology requests in Washington and Boston accordingly have to expect for more than 30 days.Even though the wait time to see a primary care physician (PCPs) can be less than 20 minutes, getting an appointment turns out to be a real challenge. 60% of people expect over two weeks only to arrange a visit to a PCP.The wait time grows each year, making it impossible for people to get the necessary medical assistance in due time. The doctors’ rating and patients satisfaction drop down because of this. The 9th Vitals Report states that 84% of patients think acceptable wait time is of significant importance in the overall experience at the medical institution. Moreover, 1 in 5 respondents in this report states that they had to pick another doctor because of long wait times.It is no surprise that people are more likely to use telehealth software to get individualized and proper care instead of traditional medical institutions. In this article, we will discuss the state of telehealth, its benefits for both patients and doctors, and learn some successful telemedicine applications in real life.

On June 24, 2020, Innovecs hosted an online discussion dedicated to the state of the supply chain industry within the pandemic environment and more. John Colón Jr, Innovecs VP of Sales, moderated a fruitful conversation with Andrew Slusher, the CEO at SMC3, and Sushant Pandita, the Global Program Director at Maersk. They talked about solutions that could make a positive contribution both to businesses and customers during this time and beyond. We would like to outline the key points of the conversation and provide some recommendations on how to fight supply chain challenges through the example of Maersk and SMC3 giants.

We live in a period when the gaming industry develops at a quick pace. Just imagine, according to Valve’s Steam platform, on March 15, 20 million users across the world were playing at the same time, as COVID-19 began to spread more in the US. This is why we decided to place a greater focus on game development education and specifically on Unity.

Following the tendency of digital transformation, companies worldwide face both new opportunities and hurdles to overcome. On one hand, CEOs get new revenue streams, on the other hand, they have to fight off more targeted and sophisticated cyber-attacks, for which highly professional cyber firms are not a problem anymore. Nearly all C-suite executives from the survey were asked about the core objectives and the majority of them believe their companies will have to cope with severe threats and disruptions in a couple of years. In 2019, 75% of С-level executives named cyber security and technology adoption among their top priorities.Today cyber attackers are seeking highly profitable ways to breach valuable data, such as intellectual property (IP), health records, personal information, or financial data. Thus, they perform complex and the most dreaded crime strategies such as monetizing data access using ransomware or Distributed Denial of Service (DDoS) attacks. A single malicious email can lead to disruptions in most aspects of business operations.

The fast-paced digitalization provoked by Industry 4.0 has modified the business, creating an extremely changing market. Now, the main focus of Industry 4.0 is to implement tech solutions so that the business and development processes run side by side to make manufacturing and logistics resilient, cost-effective, green, and high quality. The research from APICS, Supply Chain Management Review and Loyola University Chicago finds out that operating a responsible supply chain is an increasing priority for 83% of surveyed.Thus, the companies need to find balance in their growth, profitability and green efforts as the demand drives business to supply chain sustainability.

Originally published at https://www.business2community.com/business-innovation/why-iot-architecture-is-beneficial-for-supply-chain-management-02315025 Gartner forecasted that more than half of major new business processes will consolidate some elements of IoT by 2020. Moreover, up to 26 billion smart devices connected to the internet will be installed, making some $300 billion by the end of the decade.  Also, the study shows that a thirty-fold increase in internet-connected physical devices will dramatically alter the way the supply chain works. Besides, the enterprise and automotive Internet of Things market will grow to 5.8 billion by the end of 2020, meaning a 21% increase from 2019.

Modern logistics is a complex system consisting of many parts, including suppliers, warehouses, vehicles, and retailers. Components as well as ready to use products can now be shipped across thousands of kilometers, and it is becoming increasingly difficult to track where everything is. Frightening is the fact that such decentralization of processes causes severe inefficiencies and additional expenses. The recent survey indicates that 84% of organizations stated they have already tested real-time data integrations into their logistics, but only a tiny share has succeeded. As more companies around the world began to collaborate with third-party suppliers, achieving full transparency has become a necessity for global businesses.

Classified as a pandemic by WHO, the COVID-19 outbreak is currently affecting almost every aspect of life. One of the measures taken to fight off this global crisis is the practice of social distancing, considered as a critical strategy to keep the virus under control. In the course of a few weeks, our daily routines across the globe have drastically changed. Nevertheless, there are some business sectors that carry on to thrive. The earnings of a $120 billion gaming industry were officially set in motion. Globally, the industry is expected to reach a CAGR of 12% during the forecasted period 2020-2025. It’s drawing in more and more competitors, from Amazon to Facebook, Bytedance to Google. For instance, Apple is going to list the most influencing vendors of XR games by having spent around $100 million on NextVR. This is a VR streaming startup specializing in creating virtual experiences for live events that has earlier partnered with the NBA, NHL. As the games business faces perhaps its most unusual year so far, we’ve picked a few insights to shed some light on the future of gaming.

Most people who create video games for a living will tell you that the game development process is never as easy as one-two-three. As the industry undergoes constant changes, the game developers must keep their fingers on the pulse. For example, the research by GlobalWebIndex shows that cloud gaming is on the rise; VR matures with PlayStation introducing virtual reality to mainstream gamers, and Valve has recently released a AAA PC VR-exclusive project that significantly spiked interest to the platform. But what’s under the hood of a masterfully made game? Burning deadlines, bottlenecks and dependencies in production, pressure from stakeholders, and ever-changing design and requirements are just a few of the many obstacles people face during the development cycle. Many aren’t aware of this cycle of craziness and its many steps, so let’s shed some light on the game development process.Game development, like any other project, starts with an idea. The hard part is to materialize this idea into a shippable product. To achieve this, we follow specific steps.

The financial services market has seen radical technology-led changes over the past few years. Many leaders look to their IT departments to improve performance and promote game-changing innovation – while somehow reducing costs and, at the same time,  continuing to use legacy systems. “To succeed in this rapidly changing landscape, IT executives will need to agree with the rest of the management team on the posture they wish to adopt. Will they try to be industry leaders, fast followers, or will they just react? Whichever direction they choose, they will need to devise a clear strategy to move forward.” FS Tech 2020 and Beyond: Embracing disruption Meantime, fintech startups are disrupting the established markets, leading with user-centric solutions developed from scratch and unencumbered by legacy platforms. Customers have certain expectations and are now necessitating better services, seamless experiences regardless of channel, and more value for their money. Also, regulators demand more from the industry and have started to adopt new technologies that will transform their ability to gather and analyze data. And the pace of drastic change is not even at the peak. There is no doubt that technology is affecting financial services in multiple ways. The PWC report suggests ten key influencers that IT executives need to address while strategic planning for 2020 and beyond.Each of these drivers is likely to change financial services companies and their management teams in far-reaching ways. And while each can have a disproportionately strong effect on a given country, customer set, or industry sector, they all present opportunities for the thinking executive to go ahead. Knowing a robotics era is coming, for example, you have a choice: to harness the innovation, or to see others benefit from a global shift. The section below sets up challenges around these ten influencers: to know them, get ready for them, and see how to employ them to get a competitive advantage.