Blog

Today, Innovecs has decided to create the “Innovecs COVID-19 Fund” in the amount of 1,500,000 (one million and a half) hryvnias to fight COVID-19 in Ukraine. The funds will be directed to support the initiatives that combat coronavirus in Ukraine, as well as to ensure the safety of the company’s employees and their families. We are working closely with all the relevant organizations that coordinate efforts to overcome the coronavirus. We are also considering the medical institutions’ need for material and financial resources. And we are ready to provide expertise and resources and contribute to combating the COVID-19 pandemic in Ukraine.

In this article Rocky Osborn, Senior Vice President, Global Business Development & Client Success at Innovecs, a global software development company, provides insights in supply chain risk management, discusses main challenges and solutions, and describes real cases. In “Supply Chain Risk Management: Advanced Tools, Models, and Developments,” Dr. Yakob Khojasteh assumed that the statement, “all the goods produced can be sold,” is no longer true. Today, production businesses should consider optimal output, supply levels, and apply risk pooling (as a form of risk management) to operate efficiently—because factors such as consumer needs diversification and business competition globalization have decreased product life cycles. SCRM solutions are demanded on the market since they help companies to evaluate, forecast, and mitigate evolving risks in their developing supply chain networks. The world’s largest logistics companies, such as DHL, provide tools for business continuity planning, logistics control towers, supplier risk management, trade compliance, supply chain insurance, and sustainable procurement. Software development companies, including Innovecs, can customize your transportation management, assist in collecting data from multiple sources, establish tracking processes, or optimize warehousing. The company follows best practices in SCRM to enhance business opportunities and decrease risks. So, let’s learn more about modern possibilities in supply chain risk management software implementation.

ironSource, an advertising technology company, calculated that among 792K publishers on both Apple’s Store and Google Play, there are 108K of game publishers. iGaming products are only a part of them, but quite a substantial one. New and unique gambling products are demanded worldwide. One of the most interesting markets, which has been opened up recently, is the US one because there’s advantageous legislation. iGaming software developers can gain new opportunities in every region, if they are ready to collaborate with the clients deeply, propose product design on their time and budget without quality reduction. Slots game development, virtual reality casinos, sports betting, iLotteries are developed by the Innovecs teams. And, here our VP of Gaming and Entertainment, Doug Dyer, is sharing his vision of iGaming 2020 trends, market challenges, and Innovecs strengths in the field. Read the full interview by the link – https://innovecsgaming.com/blog/outsource-game-development/

One of the largest US stock market makers struggled to stay afloat after a software bug caused a loss of $440 million in just 30 minutes. The company’s shares lost 75% in two days after the faulty software flooded the market with erratic trades—Knight’s trading algorithms launched faulty trades through nearly 150 different stocks. That’s why choosing the right system and style of management is the key to successful software development. Today, we have tons of approaches, and they all have their pros and cons. It’s a difficult and crucial task for your future or ongoing project to choose the smartest strategy as well as define objectives, budget, and deadlines. We have investigated the most popular and beneficial software development methodologies to give you a distinct image of what the industry suggests at the current moment.

The e-commerce market is growing: Statista calculated that revenue would be up to 6.54 trillion US dollars by 2022, and it’s estimated that, in 2020, there will be 2.05 billion digital buyers worldwide. For business, it means new challenges in warehouse and inventory management, demand for 3pl logistics implementation, and discovering innovative response to increasing demand in accurate quick product delivery. Technologies such as AR (augmented reality), sophisticated robotics, drones, smart glasses for hands-free packaging are minimizing company costs, boosting competitiveness, and leading to customer satisfaction. Alongside these tools, it’s worth mentioning warehouse management software-driven changes to speed up orders fulfillment or decrease inefficiencies.

Concerning big data in banking and financial systems, Financial Times provides a smart definition about both systems as a data store. They record people who have money, the transactions used to handle it, and the rules governing service provision. And Zachary Townsend, Co-founder of Standard Treasury, San Francisco, US, commented for FT that the banking industry budgets and organization headcounts could be optimized by fintech technologies to reduce operational costs, improve ROI, and raise financial system efficiency. Juniper Research estimated that more than 2 billion users would access their bank account through their devices by the end of 2018. To serve huge numbers of clients faster and more effectively, banks must turn to fintech software development companies with expertise in big data solutions. Big data is a complicated issue, but it simplifies everything: from filtering the necessary information based on the client’s name to answering the customer’s question more quickly. Big data in banking helps to perform financial processes more smoothly. Let’s see how it works.

Poor effort estimation is one of the reasons projects fail. Many other factors can also affect the software development process and lead to the project breakdown, but estimation is paramount and plays a critical role in further project progression. This is part one in a two-part series about the challenge of project effort estimation. All the information is provided by Oleksandr Katrusha, Senior Development Manager at Innovecs, and is based on his experience.

InnoCamp, an educational development program for IT specialists based on international business practices and powered by Innovecs, congratulates 20 students as they graduate the QA Automation track in InnoCamp. The track started in January 2020. During the track, our students learned how: to automate the testing process  to write code with Java  to effectively work in teams Overall, the track lasted for 88 hours: 64 hours with the focus on technical skills (automation with Selenium WebDriver, Maven, Cucumber, and WebAPI) 16 hours with the focus on soft skills development and the ability to work in the team 8 hours with the focus on a specific course of technical English for QA engineers Each training was thoroughly supported by Innovecs experts, who set the benchmark in training standards gained from their extensive knowledge in international practices. Together with the Innovecs HR team, our experts also improved their own mentorship and supervising skills including creativity, effective communication, critical thinking, took their tech English to the next level, and planned their professional path at the career workshop. All graduates of the QA automation track were awarded a certificate of QA track completion in the end. The students with the best final test results will get an opportunity to become interns in Innovecs.  

In the modern business environment, the rise of customer expectations impacts every part of the supply chain. Meanwhile, next-generation transportation and logistics strategy solutions are making global supply chains more intelligent, faster, user-centric, and sustainable. In the last decade, the logistics industry has made a huge leap forward and is expected to reach $12,256 billion by 2022. Since proficient logistics is crucial in reshaping the supply chain, let us see what tendencies might help you improve your supply chain strategy and therefore grow your business.

Innovecs, a global software development company, is honored to be recognized on The 2020 Global Outsourcing 100® list by the International Association of Outsourcing Professionals (IAOP®).  The 2020 Global Outsourcing 100 recognizes the world’s best outsourcing service providers and advisors. This list is based on applications received, and judging is based on a rigorous scoring methodology that includes an independent review by an independent panel of IAOP customer members with extensive experience in selecting outsourcing service providers and advisors for their organizations.

The digital consulting agency, Digital Authority Partners, reports that blockchain in the healthcare market is expected to reach $890.5 million dollars by 2023. Blockchain is treated as an effective digital technology in medicine because it improves data security, makes medical records more accurate, and cuts the operational costs for information managing and storage. These facts are proved in a scientific article published by the International Journal of Advances in Scientific Research and Engineering. HIPAA-covered entities have reported that in March 2019, the amount of healthcare data breaches increased by 14% compared to the average rate of the last sixty months. As a result, the volume of exposed patient medical records has continued to grow. In March 2019, the medical information of 912,992 patients has been either stolen or exposed.

In this article Rocky Osborn, Senior Vice President, Global Business Development & Client Success at Innovecs, a global software development company, describes the state of the modern healthcare industry and speaks about the emerging trends that are going to transform the domain in the future.  With the Future Health conference just around the corner, I look forward to learning the medical industry’s latest tech news. Before getting acquainted with the newest healthcare trends around us, let’s get back and check some results from the 2019 exhibition: According to this 2019 post-show report, there’s growing interest in medical devices as well as in the manufacturing supply chain. But not the least is consumer’s demand to implement cutting-edge software, elevate cloud cybersecurity, and go further with AI technologies. You can also take a look at the predictions we made in 2019.

SXSW is taking place on March, 13-22 in Austin, TX, and aims to bring together the best minds of the advertising and brand experience sector. SXSW is a 10-day discovery, learning, networking with creatives in the field of advertising, game industry, design, experiential storytelling, media and journalism, and etc.  The purpose of SXSW is to create an opportunity for “creative people to develop their careers by bringing together people from around the globe to meet, learn and share ideas.” SXSW Sponsors provide specific initiatives that benefit our registrants and attendees while enhancing the overall SXSW experience. Among the major sponsors are American Express, The Austin Chronicles, and White Claw. SXSW designed a special attendee service hub for a better visitor experience.  The list of speakers includes such experts as Laurene Powell Jobs, Jack Dorsey, Stephen Colbert, Whitney Wolfe Herd, Anil Dash, M. Night Shyamalan, Troy Carter, representatives of Film101 and others.  The conference will cover brand and advertising, gaming, creative media design, and adtech, and provide an opportunity to participate in debates with the speakers, and share industry knowledge.  Although Innovecs has considerable experience in the tech industry, we strive to keep up with the latest technologies that will help us to realize our clients’ needs and deliver to them the best solutions. This is why Innovecs’ representative, Rocky Osborn, Senior Vice President, Global Business Development & Client Success, will not miss the opportunity to attend such an event.  His mission is to learn new trends, network, and to share the Innovecs’ expertise.

In this article Rocky Osborn, Senior Vice President, Global Business Development & Client Success at Innovecs, a global software development company, talks about the key peculiarities, advantages, and mechanics of IT targeting. An average user is given 5000 ads online every day. Businesses must come up with new solutions to stand out and deliver their messages through the virtual wall of advertising media. The International Advertising Bureau (IAB) reported on user’s “Likes” and “Dislikes” in its annual ‘Consumers and Advertising – Key Stats’: 71% of consumers prefer ads targeted to their interests; 3 out of 4 consumers (75%) enjoy more personalized ads. To take advantage of the key concept outlined above, a business needs its digital solutions to target better through worthy options such as IP targeting advertising and cookie targeting in B2B or B2C sector. Let’s see how it works.