Big Data: the new oil

Infographic | August 19, 2020

COVID-19 has turned banking digital practically overnight. In just a few days, the financial industry experienced more disruption than it’s seen in decades, from how employees do their work and redefining branch strategies to the delivery of products and much more. It’s clear that how consumers interact with their bank or credit union has fundamentally changed and will never be the same again. Prior to the pandemic, financial institutions were heading in the right direction with digital transformation and digital initiatives. But there wasn’t a big sense of urgency because things were still going well and profits were high. Now, with the tide changing so quickly and consumers having no other option than to rely even more heavily on technology and their mobile devices, financial institutions find themselves in a position where they have to act fast in order to sustain growth and succeed.

Infographic | February 7, 2022

From the huge 80 lbs, gigantic machines to the tiny devices that easily fit in our pockets, the journey of mobile phones is truly remarkable.

Infographic | April 15, 2021

In the following infographic, discover the cycle of custom software development that a company like Develux can offer, where each stage represents a thorough performance and responsible attitude to developing a product.

Infographic | February 5, 2020

Careers in Artificial Intelligence have shown steady growth over the past few years and will continue to grow at an accelerating rate. 57% of Indian companies are looking to hire the right talent to match the market requirements. Aspirants who have successfully transitioned into an AI role have seen an average hike in salary of 60-70%. Mumbai stands tall in competition and is followed by Bangalore and Chennai. According to WEF, 133 million jobs will be created in AI by the year 2020. Research states that the demand for jobs has increased but the workforce has not been able to keep pace with it.

Infographic | June 14, 2022

The global text analytics market is expected to reach $14.84 billion by 2026. The text analytics market worldwide is expected to grow at a CAGR of 17.35% throughout 2021−2026.

Infographic | November 12, 2021

Science fiction didn’t do a great job in preparing us for our first real encounters with AI. Most people probably still envision AI in the form of a sentient robot that can talk, move around, and experience feelings – something like WALL-E or C-3PO from the movies. Although that still may be the dream, it turns out that the current iteration of AI is actually quite different. With modern AI, all the “thinking” gets done in the cloud, and the algorithms aren’t tied to the identity of a physical machine like we would have expected from the big screen. The modern iteration of AI works silently in the background without a face, and it’s starting to impact everything it touches. It’s also set to transform our economy at warp speed.