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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.

Advanced analytics such as big data analytics or business predictive analytics gained its popularity worldwide. And, it’s quite smartly described by the Forbes article as ‘a backbone of executing goals by the modern organizations and governments’. Statista proved the importance of advanced business analytics with the following figure: revenue from business advanced analytics will grow up to 274.3 billion US dollars in 2022. Companies invested a lot to launch big data advanced analytics: Amazon implemented AmazonFresh to gain retail and distribution space in the neighborhood around; Netflix beats out HBO or AMC to ‘bring ‘House of Cards’ into people’s living rooms’ due to massive analytical leap (they counted $4 mln episode cost, but put a price tag of $100 mln per two-season deal). Let’s speak about what advanced and predictive analytics is, how to become a data-driven enterprise successfully, and how to implement big data development solutions to uncover hidden patterns, correlations, and make business more cost-effective, optimizing its outcomes.

The recent banking fraud survey in 2019 revealed that modern financial institutions (FIs) have to overcome many challenges, including cyberattacks, data breaches, slow payments, and adopting digital tools. These hurdles are the main reasons why banks and financial firms have faced low efficiency and decreased customer satisfaction. All this inevitably leads to a drop in revenues.The payments today need to be faster and the security within banks needs improvements. Thankfully, the highly digitized fintech industry offers the solution – EDI or electronic data interchange. For the financial sector, EDI means seamless transactions, enhanced security, automated processes, fewer costs, elevated customer service and more. Look under the hood to see how EDI works.

I think intelligent automation can smooth certain tasks that in the past were impossible to be simplified, so not only will we have a much wealthier civilization, but the quality of work will go up very significantly and a higher fraction of people will have callings and careers relative to today. Jeff Bezos, founder of Amazon. Intelligent Automation as comprising technology in the field of RPA (Robotic Process Automation) and AI (Artificial Intelligence) is aimed at enabling business processes automation and digital transformation performance. According to the global Statista survey, 39% of respondents share the opinion that intelligent automation is implemented in their enterprises to streamline operational activities. And 32% more notice it is planned to launch RPA in a year. RPA worldwide revenue is growing constantly as it’s seen in the chart below.CMO of Softomotive, RPA solutions development company, Kyle Kim-Hays described the main 2020 trend of intelligent automation in such a way: “It’s specifically for 2020 that robotic process automation is moving from the field of back-office and IT-focused tasks and moved deeper into the production and day-to-day logistics and supply chain management operations”. So, here we propose to outline the basics of the process intelligent automation, the main challenges of the industry now, to follow successful cases of RPA application in SCM and logistics as well as robotics technologies integration to enhance operational efficiency.

The outbreak of COVID-19 has been declared a global pandemic: the number of cases has passed 1,8 million at the time of this writing. In addition to the human tragedy, there is also a huge impact on business. Currently, the responses to the coronavirus pandemic are dramatic:Governments isolating millions of people around the world The US restricting travel from Europe Thousands of schools shut down Thousands of planes parked Conferences and meetings delayed or canceled Supply chains constrained, disrupted, or closed India postponing visas for all foreign citizens (with some exceptions) Most companies ordering employees to work from home

The majority of organizations have been forced to transition to a remote working environment which has become a real challenge. However, there are some well-known technology companies that have never had a stable coworking space. Stack Overflow, Zapier, Stripe, Automattic, InVision, GitHub and many other companies have always had distributed teams. This was not an obstacle for them to succeed in the market. These companies provide teams with the necessary hardware and software, paid maternity/paternity leave, unlimited vacation, and assist in organizing home-based working spaces. Many of us have used the successful products and services these companies offer. So, how do they manage to build the work and keep everything under control being distributed around different places and without physical face-to-face communication? In this article, we are going to overview the trend of remote working in 2020 and outline effective ways of managing distributed teams.

The remote work is the new normal. The current situation when the pandemic is spread worldwide is another reason to start searching for an out-of-office job. Studies demonstrate that remote workers are more productive, healthier and have a more positive work-life balance. They typically take fewer days off sick, stay motivated for longer, stay in their jobs for longer and prefer their freedom over wage increases.Remote work sounds like the revolution of the 2000s, but it’s not something you can simply switch to and hope for the best. As with anything, there are many challenges to overcome, as well. In this article, we’re looking at remote work challenges and how we overcome them.

To all Innovecs employees, clients, and partners As the COVID-19 outbreak continues to develop and affect people globally, I want to personally update you on the steps Innovecs is taking to maintain our business operations and ensure the health and safety of our staff. We remain committed to ensuring the superior service our clients have come to expect from us. We monitor the situation closely and remain watchful to the recommendations of government and public health authorities. Our R&D teams, as well as all other employees, continue to work remotely, and we are ready to adjust the measures in response to changing quarantine circumstances. We have established a special COVID-19 team within senior management to respond to the ever-changing impact of the coronavirus and to protect employees’ health and safety. We have also set up regular online meetings to keep up to date and plan activities so that we could advise our customers and coordinate our teams accordingly. And we continue to provide our internal and external audiences with the relevant webinars and online events with regard to the new world order. To combat the spread of the disease in Ukraine, Innovecs has created the “Innovecs COVID-19 Fund” in the amount of 1,500,000 (one million and a half) hryvnias. The fund is directed to support the initiatives that fight coronavirus, as well as to ensure the safety of the company’s employees and their families. As part of this initiative, Innovecs purchases and installs an oxygen pipeline system at one of the Kyiv hospitals. This is a challenging period for everyone, and the situation is changing rapidly, but Innovecs is responding to it with unity, as a company, and as a team. I believe that when we stand together through moments that bring uncertainty and seem dark, we come out even stronger in the end. Thank you for your patience and attention throughout this stressful time. As an employer and a partner, Innovecs is confident in our business continuity plan and our ability to provide support to our clients and staff. It is my sincere hope that our efforts and those of businesses, communities, and governments will empower the containment of the coronavirus and enable a speedy recovery for people around the world. In the meantime, let’s stay safe and help others keep safe too.   Sincerely, Alex Lutskiy Innovecs CEO & Founder  

The article was originally published here – https://hackernoon.com/software-solutions-and-technologies-to-counter-the-coronavirus-pandemic-xr383y4n BlueDot, a Toronto-based artificial intelligence company, was first to spot the mysterious virus causing pneumonia in Wuhan. On December 30, their systems, backed by machine learning algorithms, flagged the outbreak of a new infectious disease. They alerted hospitals, governments, businesses, and other clients from the private sector about the danger. Only 9 days after BlueDot’s discovery, the World Health Organization (WHO) made an official announcement about the spreading of Covid-19. Not a human, but a smart technology system, alerted the global community. The same way technologies can help us survive this pandemic.

Predictive maintenance is often discussed by McKinsey, an American management consulting company, in its reports. They announced a $1-4T value creation in 2025 because of IoT (Internet of Things) in factory settings globally. And a huge part of this value is the result of industrial analytics and predictive maintenance implementation. Applying predictive maintenance tools isn’t necessarily smooth—most companies discard 98% of the data collected. They’re unable to integrate collected data fully into the operational workflow due to the lack of predictive capabilities. In such cases, predictive maintenance software is one of the ways to adapt collected data into learning necessities to carry maintenance out. To implement the described tool, a variety of PdM solutions are introduced to the market. So, what does predictive maintenance mean and why does it matter? Let’s talk about this and try to identify the basic industry challenges, enumerate PdM benefits, and outline strategies for the successful application of IoT predictive maintenance programs.

As part of the COVID-19 Innovecs Fund, the company will purchase and install an oxygen pipeline system at the Kyiv City Clinical Hospital No. 17. It is the main hospital specializing in respiratory diseases. The new pipeline will cover several buildings of the hospital at once, its total cost will be 486 (four hundred eighty-six) thousand hryvnias.  Such a pipeline will allow for carrying out timely oxygen therapy for many patients with exacerbation of coronavirus infection COVID-19 and with diseases of the respiratory tract. According to the Сhief of medical issues Tatyana Baranovskaya, the old hospital system was designed to serve a maximum of 10 patients. The new oxygen pipeline will allow doctors to save 60 people at once and increase the chances of recovery for patients with COVID-19.