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
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April 10, 2020
How to Effectively Manage Distributed Teams
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.
#Article #Software Development
April 07, 2020
11 Remote Work Challenges and Ways to Cope with Them
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.
#Article #Software Development
April 03, 2020
Message from CEO Alex Lutskiy on COVID-19
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
March 30, 2020
Software Solutions and Technologies to Counter the Coronavirus Pandemic
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.
#AR / VR #Article #Healthcare #Retail & eCommerce #Software Development
March 27, 2020
How Predictive Maintenance Solutions Boost the Manufacturing Process
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.
#Article #Logistics #Machine Learning
March 27, 2020
Innovecs Foundation Will Install New Oxygen Highway in Clinical Hospital in Kyiv
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.
March 26, 2020
Mitigating Risks with Effective Demand Forecasting
What is the most common pain point for a company’s executives? Gartner, the world’s biggest IT research firm, gave a clear answer: demand volatility. Too many reasons—from weather conditions to posts by social media influencers—make buyers change their minds frequently.Worse still, things that reshape customer demands happen quite unexpectedly. Think, for instance, of how the new coronavirus may affect your forecasting, turning it absolutely upside down. There is no magic wand to predict global situations like the “coronavirus effect.” But there are technologies to enhance the accuracy of demand forecasting. Although it will never be 100% accurate, it can be trustworthy enough to help you achieve your business goals. In this article, we look through the most popular forecasting methods, the criteria of a useful prediction, and why it is important for your business.
#Article #Logistics #Machine Learning
March 26, 2020
Why a GRC Software Solution Is Vital For Your Business
The recent data breach report shows, that over 500 organizations around the globe experienced a cyber attack during 2019. That’s why businesses now demand an urgent and effective solution to mitigate such costly risks like data breaches.The key takeaways from the Cost of a Data Breach survey include:For the last decade, the medical sector paid the highest price for data breach—near US$6.5 million, which is 60% more than other industries. Cybercriminals steal more than 50% of data, and such breach costs US$1 million more than random data violations. The price of a one million data violation may charge organizations of around US$42 million, while for loss of 50 million data records, they would pay US$388 million. Businesses with incident management experts were able to lower these enormous expenses to US$1.23 million. The current price of cybercrime associated with data in the United States is US$8.19 million, twice more of the global rate.GRC software can help organizations to dramatically minimize the impact of the above mentioned cyber crimes.
#Article #FinTech #Healthcare #Machine Learning #Software Development
March 23, 2020
How To Benefit From Game Development Outsourcing
New technologies such as AR/VR, AI, machine learning, blockchain enhance game development, making software development companies introduce new and trendy products on the market. In the article, Innovecs’ VP of Gaming and Entertainment, Doug Dyer, answers the questions about game development challenges 2020, basic monetizing game models (premium, freemium, ad-supported or hybrid ones), and outlines key Innovecs strengths in game development.
#Article #Gaming & Entertainment #Software Development
March 21, 2020
Innovecs Joins the Fight Against COVID-19
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.
March 20, 2020
Supply Chain Risk Management Solutions To Run Your Business Globally
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.
#Article #Big Data & Highload #Logistics #Software Development
March 19, 2020
Interview with Doug Dyer: Insights on the iGaming Industry in 2020
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/
#Article #Gaming & Entertainment #Mobile Apps Development #Software Development
March 19, 2020
Pros and Cons of Major Software Development Methodologies
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.
#Article #Software Development
March 13, 2020
Boosting Your Software Testing Life Cycle
The software testing life cycle is undergoing a significant shift. And to keep pace, team leaders and executives need to “reboot” the existing specialists and hire new talent. The World Quality Report also stated that testing and QA is no longer a closing phase, but a process that emerges in parallel with development. 2020 is the year that we’re going to see the introduction of a more intelligent, self-sustaining, flexible ecosystem that stays in-line with changes.
#Article #QA & Testing
March 12, 2020
SXSW Cancellation: Innovecs Offers to Connect Online
Due to the coronavirus outbreak, SXSW 2020 has announced its cancellation just a few days before its start. SXSW is the annual conference focused on advertising, game industry, design, experiential storytelling, media, and journalism to be held in downtown Austin. It was scheduled to take place on March 13-22 in Austin, TX, and aimed to bring together the best minds of the advertising and brand experience sector. Innovecs’ representative Rocky Osborn, Senior Vice President, Global Business Development & Client Success, planned to be among SXSW attendees to learn new trends, network, and to share their expertise. While the opportunity to connect with both existing and potential partners in person is missing due to the cancellation, Rocky offers to get in touch online to discuss topics of interest, Innovecs software services, and partnership possibilities.
#Ad Tech #News #Software Development