Technavio, the market research and advisory company, reports IT outsourcing market size as growing up to $98 billion during 2020-2024. The need for qualified software developers is increasing immensely. For example, the US Bureau of Labour Statistics calculated in 2020 1.4 million more software developer positions than specialists, who can apply for them. It’s quite a challenge to find enough engineers with proper background and reasonable salary expectations to meet the demands of your project. That is why many companies focus on IT staff augmentation services and hire dedicated development teams.
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March 16, 2021
Major Challenges and FinTech Trends That Will Dominate 2021
Article updated on March 16, 2021 The fintech ecosystem has started to progress rapidly over recent years. Global investments in financial startups were 10.631 billion in 2020, which is the second-best tally since mid-2018. According to FinanceOnline, the global fintech services market is forecast to reach $26.5 trillion in 2022. Medium reports companies using robotic technologies for banking objectives obtained ROI of 100% during 3-8 months in 2020. For businesses, it is important to remain aware of all challenges and take advantage of 2021’s key fintech trends to stay at the top of the game and create new markets. So, in this article, we are going to: Uncover the main challenges the financial industry facing; Discuss hot fintech industry trends in 2021.
#Article #FinTech #Software Development
February 06, 2021
Cloud Migration: Benefits, Risks, and Strategy
By the end of 2022, enterprises’ adoption of cloud solutions will overlap the growth of traditional IT instruments, pushing the cloud computing frontiers forward. The distinguished Vice President Analyst at Gartner, Ed Anderson, thinks that cloud migration opens brand-new opportunities for business growth. The embracing of dynamic cloud solutions can dramatically cut costs and increase competitiveness. Therefore, we are looking forward to seeing the cloud become a trend in the next two years and bringing the IT companies’ infrastructures to the next level. So far, let’s look at common pitfalls and advantages before going to the cloud.
January 14, 2021
Anastasia Osypova talks on the Employee Journey at Innovecs: from adaptation and motivation to professional development
Modern IT specialists are dynamic and active: they do not play the cards they’ve been dealt — they have goals, keep up with the progress, and are eager to learn new things and develop. This is why it is critical to understand their preferences and endeavors before providing a job offer to be able to motivate the employees in a long-term perspective and encourage productive collaboration. Anastasia Osypova, Head of People, Engagement & Culture at Innovecs, shares how our company motivates employees and helps newcomers adapt. Nastia, what are the responsibilities of the People, Engagement & Culture department at Innovecs? Our department focuses on the end-to-end Employee Journey in the company. Our goal is to retain talents at Innovecs and help them develop professionally. HR partners are always in contact with all employees which helps react quickly to the changes taking place in teams or processes. They also: integrate new employees in the corporate culture while minimizing the stress that can occur during the adaptation time act as change agents when it comes to implementing new processes or reorganizing the current ones help solve conflict situations determine potential areas of risks for business work closely with managers by building and implementing development and motivation programs in their teams What makes Innovecs an ideal workplace? “Be sexy” was our 2020’ motto. We keep creating all opportunities possible to make the company an ideal place for our employees and potential candidates. For example, we regularly hold various workshops, training courses, and webinars on the basis of InnoCamp, our educational platform. We invite famous speakers as well as encourage Innovecs people to participate and share knowledge. WOW-program is another crowd-puller. It includes wow food, wow sport, wow mind, wow fun, and wow health directions. The goal is to care about the health and well-being of each and every at Innovecs. How do you maintain working relationships between employees and managers? This is a never-ending process. We do not have a multi-level hierarchy like the companies with a linear management model do, so communication at Innovecs is always transparent and unconstrained. It is important to synchronize the expectations of the team leaders and their team members. This is why we pay great attention to setting the right goals for employees as well as focus on the feedback culture. Managers hold regular stand-ups, daily meetings, retrospectives to analyze their work results, get feedback from colleagues and teammates. For employees to feel confident and at ease when communicating with managers, we are creating a favorable psychological climate within the teams. HR partners, in response, always keep their eyes on the ball, hold 1:1 meetings with managers and employees. In case they define any communication gaps, they create recommendations and the scenario to solve the problem. How does the company help employees to prevent burnout? According to the emotional burnout model by Matthias Burisch, one of its factors is over-performance (when a person gets engaged in the work more than necessary). To prevent the negative effect, the life-work balance principles must be followed. At Innovecs, we have a flexible working schedule as well as the possibility to work remotely from home. This allows our employees to spend more time with their families and do things they love. Soft skills development is another approach we have in place. This covers time management, communication, creativity, problem-solving, emotional intellect, etc. How do Innovecsers enjoy their life in the company? We have a gym in the office that operates 24/7. People can visit it anytime they want. We have fitness and box coaches, table tennis and football, gaming and VR rooms. All these help relax and refresh minds. SPA-zone with the best massage therapists is the cherry on top. Just make an appointment and relax at the end of the working day or in between the tasks.
November 16, 2020
How to build a software development team that will lead your business to success?
Here at Innovecs, we believe that people determine the future of any project and overall business outcome. So, when starting any project, we focus on finding the right people first. This is the core focus of success. Building an effective software development team is not an easy task. We look for specialists who can create and support a healthy atmosphere and work as a single unit — aligned and always on the same page. So, in this blog, we will cover the topic of how to form an effective and dedicated dev team where all members align according to the same principles and values.
#Article #Software Development
November 12, 2020
How To Build An Effective Warehouse Inventory Management System
Inventory management (also known as stock management or stock control) is one of the fundamentals of a supply chain, which helps track the company’s resources and ensure they are sufficiently stocked to work correctly. Today’s main challenge for enterprises is reducing manual work involved in inventory management and saving productive hours by integrating automatic systems backed by the latest technologies. This is why many small and midsize businesses (SMB) are interested in launching advanced warehouse management operations and are investing in inventory management software. The fact is that 46% of SMB representatives still track their stock manually or don’t do it at all. Today, the tectonic shifts in the world’s economic landscape push businesses to act in order to survive. Almost half of the industry-leading chains are ready to invest in warehouse automation, robotics, AI and ML, and other core technologies to drive the supply chain’s performance. With these investments, SMBs make stock control a critical factor for their financial success.
#Article #Logistics #Software Development
November 05, 2020
Complete Guide to Building an Efficient Software Implementation Plan
The software development lifecycle is a long journey that doesn’t show any signs of stopping. Once you embark on it, there’s only one way – to move forward. Many businesses have become highly skilled at programming and delivering top-notch products. What’s under the hood of their success? An accurately designed implementation plan, a mature team of developers, smart executives. Let’s find out what stands behind powerful and successful IT companies. Software development is where most companies expect to place focus in 2021. Moreover, because the global IT spending is on pace to reach US$3.9 trillion this year, and this growth fuels businesses initiatives to participate in digital transformation. Assuming that technology allows for more efficiency, non-adopters can become subject to labor-intensive and high-cost processes their rivals have already tackled. The new software is one of the top areas to invest in. To get started, a business would need a thorough plan of execution.
#Article #Software Development
October 13, 2020
Benefits of Cloud Managed Services Providers
Cloud migration has become mainstream for most modern companies as they reap many benefits from the cloud solutions – from fast deployment to reducing costs, and to on-demand scalability of the business. Such an increasing demand for cloud and the desire to cut capital costs fuel cloud managed services (CMS) market growth. It is going to double in the next five years, reaching US$116.2 billion, showing annual growth of 13.3% during the 2020-2025 period. However, businesses face plenty of concerns associated with moving applications and data storage to the cloud, including complexity, regulatory compliance and cybersecurity issues, low ROI, and more. To combat these challenges, companies can seek professional assistance from cloud solutions providers who turn time-consuming migration into a smooth and efficient process. Innovecs can become a trusted CMS company and help you develop a concept, build and maintain a fully-scalable customized platform to operate essential business workloads in the cloud.
September 03, 2020
Data Integration: Ultimate Guide for Your Business
Collecting large amounts of information is a pain point for today’s businesses. Industry leaders seek not only the solutions to gather massive data streams, but also tools to gain insight into the entire business system. Data integration can be the solution to resolve multiple issues associated with the processing of large sets of data. In this article, we uncover the meaning of the suggested term, define the core types, tools, and strategies for its successful incorporation. Since data integration (DI) can be interpreted quite differently, depending on the company’s size and enterprise-wide goals, we provide the most comprehensive specification along with useful takeaways to implement in real-life business.
#Article #Big Data & Highload #Cloud
August 13, 2020
A Full Guide To Mobile Game Design: Theory and Best Practices
To create an engaging game style, you need to make sure your UI and UX designs are first-class creations. Every detail and element of the game design must be worked out: colors, widgets, characters, buttons, navigation bar, and other interactive components. When starting the game, the player should feel that it is easy to use, beautiful, fun, and amazing. All of this can be achieved if designers and artists work together and use their best practices. For example, research your target audience and keep in mind that not all players are the same. There are people with disabilities. So, make sure that your game works for people with low sight or color blindness. Another tip is to use in-app ads wisely so that they don’t annoy players and work effectively. For more guidelines on how to create the perfect game design, read this article – https://www.innovecsgames.com/blog/mobile-game-design/
#Article #Gaming & Entertainment #UI / UX Consulting
August 13, 2020
Why Gaming Culture is Vital For Building Effective Gaming Business
The gaming business has been evolving rapidly since internet penetration has gained momentum. Games moved to online and became easily accessible and free-to-start. There is also plenty of monetization models in gaming, allowing publishers to generate more revenue. To start a gaming business successfully, one needs to dive deeper into the industry’s history and find out how customers are behaving. For example, modern gamers lead a healthy lifestyle, love sports, and traveling. Males and females are almost equally occupated the market. Another critical insight is that today’s games are entirely free-to-start and generate revenues from in-game purchases. To launch a game successfully, a company has to create an in-depth investigation of the audience, build a plan, hire a dedicated developers team, and stay in line with trends. To learn more, read this compelling article – https://innovecsgaming.com/blog/gaming-culture-vital-for-gaming-business/
#Article #Gaming & Entertainment #Software Development
July 29, 2020
Why Is Cybersecurity Important? Defining Risks and Solutions
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.
#Article #FinTech #Software Development
July 21, 2020
The Future of Cloud Computing: Why Businesses Opt For Cloud
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.
July 01, 2020
Types of Cloud Computing: Make the Best Choice for Your Business
Cloud computing is a convenient on-demand delivery of various IT resources such as data storage, database, applications, servers, networks, and more. Customers have a unique opportunity to access and release this pool of highly customizable and omnipresent services autonomously. The key reasons businesses embrace cloud are cost savings, reduced workforce, and easy management of their IT workloads. The pace of the global market’s growth is incredible. Cloud was already mainstream the previous year and will hit US$330 billion in 2020. The pandemic also drives cloud services adoption, as the recent research reveals. However, before making a switch, customers need to realize it is not something to break into. It is crucial to learn the privileges of different types of cloud computing, common pitfalls, and possible risks.
June 18, 2020
How to Successfully Perform a Security Risk Assessment in Your Company
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.
#Article #Blockchain #FinTech
June 05, 2020
How Digitalization Makes Green Supply Chain Achievable
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.
#Article #Big Data & Highload #Business Intelligence #Logistics #Machine Learning