Innovecs works across a variety of domains, such as logistics, healthcare, ecommerce, fintech, ad tech, gaming, and much more. Our senior engineers have worked with different types of expertise.
The statistics below demonstrate the quantity of Facebook users globally that has been exponentially growing over the last five years. This year, the number of customers will reach US$1.69 billion, compared to US$1.34 million in 2014.
Another example is Google, with its 1.5 billion Gmail users. Due to such a colossal flow of users, Facebook and Google have to keep up with it and perform rapidly, allowing millions of people to access their accounts immediately, and use all of the functions available hassle-free. That’s an example of scalability in action.
Most companies necessitating scalable sites will never reach the scale of the modern social media giants or e-commerce industry leaders, but they do need to take into account the possible increase in customers and load. For this purpose, organizations have to be ready to scale their architecture anytime.
In most enterprises, supply chains have evolved over the decades and become more intricate than ever. Each one can potentially produce large amounts of data from various sources available and all types of formats.
Companies have to network with various suppliers, partners, and other third parties to properly run supply chain management (SCM). And since there is a lot of data generated across the entire SC, leaders also need to extract intelligence out of it. Today it is possible thanks to affordable computing power available on a massive scale. In other words, combining Big Data and advanced analytics allows for building different instruments to get essential insights and transform information into business intelligence (BI).
To understand what blockchain is, one needs to imagine a virtual ledger capable of registering and verifying a huge number of electronic transactions quickly and safely. Today, this shared ledger technology has greatly expanded the area of application.
The first blockchain use cases originate from financial institutions and cryptocurrencies called Bitcoin, Litecoin, Ethereum – just to name a few. The annual global market for blockchain development has increased almost trice since 2017 and is going to reach approximately US$16B in the next three years. Industries from healthcare to food to notary are beginning to adopt blockchain. To dive deeper, let’s go back to the basics of the technology.
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).
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.
Supply chain management (SCM) is a wide range of processes required to plan, manage, and execute a product’s flow from raw materials to the creation of a final product and its distribution in the most cost-effective way.
SCM incorporates a set of actions needed to streamline the flow of goods and services, information, and costs by covering these stages: planning, sourcing, production, inventory management, and logistics. Companies use both business supply chain strategy and management software to create a competitive advantage.
Supply chain management is a complex undertaking where each participant has to put forth much effort—starting with suppliers to manufacturers and beyond—for it to run seamlessly. Because of this, powerful SCM also requires change management, cooperation, and risk management to create alignment and interaction between all the partners.
Many challenges plague the supply chain industry. A few supply chain data sources reveal that many professionals are having problems with improving their operational visibility (21.1%) and meeting the changing customer demands (19.7%). This is in addition to being constrained by cost increases and the increasingly competitive business landscape.
Now might be the time for businesses to start rolling out data-driven processes to improve their overall supply chain.
Femi Premium is an Israel-based company handling service-intense projects and sophisticated processes. The company partners up with top corporations coming from the Israeli insurance industry. The company aims to make medical treatment easily accessible and provide telemedicine solutions to healthcare organizations and premium clients. Femi Premium is strongly committed to the provision of quality services, implementing projects in procurement, healthcare, and other industries.
In 2017, the logistics industry reached $1,171B. This is as much as today’s Indonesia’s and twice as much as Belgium’s GDPs. Additionally, logistics is expected to grow to $1,374B by 2023.
Despite intensive development, transportation and logistics (T&L) continue to have low digitization. Only 28% of companies have rated themselves as “advanced” in this area. Other domains demonstrate considerably higher ratings. For instance, 41% of automotive and 45% of electronics companies brag about their “digital culture.”
This whitepaper will illustrate why T&L needs to be digitized, the behind-the-scenes challenges, and how software can impact the efficiency of T&L processes.
Against the background of ubiquitous automation, some warehouse domains remain only slightly automated. This leads to errors and inefficiencies in warehouse management.
This whitepaper focuses on realms that can be enhanced with image recognition. So far, automated systems can distinguish a pattern of loaded packages and send alerts about potential problems.
If you’d like to get rid of wrong packages in your production line, or in the stacked pallets, find less-than-fully loaded pallets, or conduct automatic inventory, this whitepaper is for you.
At Innovecs, we’ve already made strides in solving such issues and are ready to share our experiences. Read on how
NeoGames partnered with Innovecs to develop a safe and high-quality iLottery system with a robust architecture. Innovecs team took on this challenge and delivered a unique product.
The bids are high, so both businesses and software development providers need to carefully plan their interaction. We at Innovecs have collected best practices for business owners and tech leads so that they can team up with IT vendors with ease and complete projects successfully. Here is what you will discover inside:
Machine learning (ML) is called a new logistic trend for a reason. It has a wide range of capacities to address major supply chain issues. The technology is able to revive inefficient data handling methods used by supply chain management systems and reduce business costs. ML can automate processes that used to require a lot of analytical work, making the technology a perfect match for predictive analytics.
The development industry is evolving and so is IT Outsourcing. With many new trends to follow, it’s a real challenge to find how to attract and retain talent. On the one hand, there are the stakeholders’ growing needs and those of the products, and on the other hand, are the natural demands of the employees. It’s crucial for an outsourcing headhunter to know the peculiarities of modern recruiting and possible resignations causes. For those who strive to stay in tune with the newest methodologies, Innovecs designed the ebook, ‘Supporting Engagement and Retention in IT Outsourcing: focus on millennials.’
Technology applied in the proper way can arouse pure astonishment. Artificial Intelligence is an example of how business can be revolutionized by extensive technical development. Innovecs conducted a great deal of research to gather all the information about AI advancements available at different sources in 2017. The visualization of the results can be accessed in Artificial Intelligence infographics. If you are an entrepreneur who wants to accelerate business with new technologies, this material sheds light on the AI ecosystem for you.
The digital asset management system was developed and tested by Innovecs to deliver the best solution in accordance with the set requirements.
Innovecs took the responsibility to help the telecom company to develop VoIP products to provide their customers with effective cloud telephone services.
Innovecs had a task to develop a platform with the functions of the online store and auction and successfully completed the project.
Innovecs developed a highly secure app for messaging that aimed to protect messages and information transferred via them.
The client needed a convenient warranty system to be able to effectively activate and manage customer warranties. Innovecs developed a platform to meet this requirement.
The client partnered with Innovecs to develop a unique solution for flawless shipment capabilities.
Innovecs developed a web-based fashion shop aimed at customers who plan to become merchandisers and create their own boutiques.
Innovecs was involved in the development of the fintech product focused on simplifying the cooperation between big insurance companies, independent insurance agents and brokers.
An Israeli e-commerce company partnered with Innovecs to develop a solution for providing online store users with relevant and most profitable deals. Innovecs was responsible for backend, web and mobile app development, and product testing.
Innovecs helped the client to develop modern portable applications to provide rich Internet and multimedia experiences to their consumers.
Innovecs developed a solution for connecting a data management platform with various demand-side platforms to ensure convenient and accurate advertisement reach.