Google Cloud Dataflow vs. Apache Spark: Benchmarks are in

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On Tuesday, my company, Mammoth Data, released benchmarks on Google Cloud Dataflow and Apache Spark. The benchmarks were primarily for batch use cases on Google’s cloud infrastructure. Last year, Google contracted us to implement some use cases and extract user experience data points from people experienced in this field. As a follow-on, we did a benchmark for Google to see how its technology stacked up

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Genpact Headstrong Capital Markets

Genpact Headstrong Capital Markets is a global consulting and IT services company with a specialized focus in capital markets. With more than 20 years of experience consulting with 9 of the world’s top 10 investment banks, we are the world’s leading technology services provider for the financial services and securities industries. This experience enables us to help transform capital markets business operations using a unique combination of our proprietary SEPSM performance benchmarks, process focus and technology expertise.

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Predictions on Software Development Trends of 2022

Article | July 14, 2021

The world has started stepping into the “new normal” era. With the boost in vaccine inventions and countries rapidly vaccinating their citizens, we will be back to living a ‘new normal’ life. We keep mentioning normal as the ‘new normal’ because things will never be the same as before the pandemic. A majority of changes have happened for the best. Nevertheless, challenges emerged in the pandemic, and these were answered by innovations. Let us precisely talk about the innovations in software development trends. Digitalization played a vital role in transforming society and overcoming the hurdles created by the pandemic. Hybrid working style, chatbots, IoT, AI, and development in applications to improve performance and customer experience are the key software development trends that are on the rise. Growth Predictions Post Pandemic ● 63.3% of companies consider accelerated digital transformation. ● IaaS market solutions will be worth $64 billion. ● Online sales will account for 22% of global retail (currently it is 14%) ● The utilization of low code products will reach 50%. ● The outsourcing services industry is estimated to reach more than $66 billion. Software development trends have led to a boom in the software industry. As a result, all the sectors have turned towards software for solutions. Observing this change of scenario, here are some of the predictions on software development trends that will rule the industry by 2022. Software Development Trends IoT The combination of AI and Big Data with IoT has led to significant changes in the IoT industry. IoT has profoundly incorporated its way into daily human life. It eases everyday chores by connecting all the devices with sensors and syncs them automatically. The machines understand our timely needs and act subsequently. IoT has come a long way from just connecting the phone and the laptop. Instead, the day starts with Alexa, Siri, or Google. From telling them to turn on your coffee maker to adjusting your AC temperature, every little thing is manageable by the internet of things! As a result, more and more devices are built with sensors to simplify everyday processes. Thus, IoT is one of the software development trends to be utilized in various sectors by 2022. IoT has groundbreaking potential and has been adapted in smart cities. The smart cities project is a possibility only because of IoT. Progressive Web Apps (PWA) Progressive Web Apps are a trend in software development that is gaining popularity in these challenging times. PWA are apps that combine the functions of native apps and website accessibility. They provide the same user experience as native apps without having the hassle of upgrading and installing for web or mobile devices. Easy maintenance, one codebase, easily searchable, lightweight, and operating offline are some of the advantages of progressive web apps. PWA is here to stay and is the latest in software development. It is progressive, responsive, connectivity-independent, secure, easily installable, and linkable. As a result, many companies are switching their websites and apps to PWA for hassle-free code development and a great user experience. Low-Code Development Be it software developers, web developers, or users, low-code development is a hit amongst all. This new technology in software development saves time, is fast and intuitive. The long hours spent in coding every line are held by low code development. Herein the code is sketched like a flowchart and fed into the machine. As a result, a lot of manual effort is saved. Low-code development is one of the latest technologies in software and the future of the software industry. Traditional developers thought that this process did not have much potential, but the pandemic changed this thought. Low-code development will allow people with little digital skills to digitalize their ideas. Building apps quickly is the need of the hour, and low code development helps achieve that. This trend will also help in bridging the gap between the supply and demand of software engineers. AR (Augmented Reality) Augmented reality has appallingly changed the marketplace. Customers can virtually try new makeup or beauty products without even touching the product. The beauty industry has seen incredible conversion while using AR for its marketing. Similarly gone are the days of 2D mapping. AR has managed to bring 3D mapping into our lives. Be it gaming or navigation; augmented reality has strongly made things attractive. AR is a hit in advertisements. Companies are luring customers by adding filters or creating environments in apps. This has shown great conversion numbers to the businesses. This is because AR is software that is more than visually appealing. It improves functionality, enhances effectiveness, and creates brand value. As a result, we are going to see more from this technology in 2022. Big Data Using Big Data is building credibility. Security has a whole new meaning post-Covid-19. The public has become aware of the information that it will allow access to. This has led to a boost in the use of Big Data. By 2022 Big Data can be used as DaaS (Data as a Service). This will allow companies to access the required data, and thus redundancy is avoided. The use of Big Data has proven to provide data-driven solutions. It is giving the customers exactly what they are looking for. And this can be achieved only when you have proper segregation and security of a large amount of data. Netflix has proven its popularity by utilizing Big Data and giving the viewers the exact content they are looking for. Thus, Big Data is a software trend that will be a compulsion for companies to adapt in the future. AI (Artificial Intelligence) This list would be incomplete without mentioning the hottest software trend in the market these days. In the last five years, AI is one industry that has gained tremendous momentum. This is because machines are trained to think and perform tasks that were possible only for humans. The combination of machine learning, deep learning, neural networks, and machine control has already enhanced customer experience in various sectors. The improved user experience, better efficiency, less prone to errors, reduced costs, and increase in ROI have made AI a dominant trend in the technology world. By 2022 there will hardly be a sector that has not implemented AI. From the demand and supply chain industry to predicting stock markets, we will see a lot of AI everywhere. Conclusion: Be Ready for 2022! These are some of the predictions of software development trends 2022. There will be enormous changes in the lifestyle, working style, and adaptive measures taken by humans. And in this changing era, technology trends will guarantee maximum productivity along with comfort. As the pandemic unfolds and most of the population gets vaccinated, there will be turning points in the latest software trends and the IT industry. There will be minor glitches and fluctuations, but these newest software development trends will help overcome them all. They assure an increase in revenues and adding value to the brand of the company. Software development is not just a trend in software engineering but a process of continuous innovation. Of course, the predictions of technological processes are pretty unpredictable as inventions surge. But one predictable thing is that game-changing technology trends will keep emerging, and there are no stopping innovations in these fields. Frequently Asked Questions What are the top 3 emerging technologies in software? AI (Artificial Intelligence) dominates the emerging technology industry, followed by IoT (Internet of Things) and then AR (Augmented Reality), VR (Virtual Reality), and MR (Mixed Reality). These play a predominant role in changing the face of technology. What is trending in software development nowadays? The current trends in software development are AI chatbots, powerful programming languages, and active incorporation of IaaS, PaaS, SaaS, DaaS to provide flexibility and improve productivity. These effective solutions are implemented to build apps, websites, manage hybrid working culture, and ease communication processes between teams. Why should you track trends in software development? It is the need of the hour to digitalize the business. If you keep up with the rapidly changing software trends, you can be distinguished from your competitors, and it will help you stay ahead of the race. Your products/services will be productive, efficient, and trusted by the customers. If you do not digitalize your businesses and incorporate the required technology, your business will cease to exist. { "@context": "https://schema.org", "@type": "FAQPage", "mainEntity": [{ "@type": "Question", "name": "What are the top 3 emerging technologies in software?", "acceptedAnswer": { "@type": "Answer", "text": "AI (Artificial Intelligence) dominates the emerging technology industry, followed by IoT (Internet of Things) and then AR (Augmented Reality), VR (Virtual Reality), and MR (Mixed Reality). These play a predominant role in changing the face of technology." } },{ "@type": "Question", "name": "What is trending in software development nowadays?", "acceptedAnswer": { "@type": "Answer", "text": "The current trends in software development are AI chatbots, powerful programming languages, and active incorporation of IaaS, PaaS, SaaS, DaaS to provide flexibility and improve productivity. These effective solutions are implemented to build apps, websites, manage hybrid working culture, and ease communication processes between teams." } },{ "@type": "Question", "name": "Why should you track trends in software development?", "acceptedAnswer": { "@type": "Answer", "text": "It is the need of the hour to digitalize the business. If you keep up with the rapidly changing software trends, you can be distinguished from your competitors, and it will help you stay ahead of the race. Your products/services will be productive, efficient, and trusted by the customers. If you do not digitalize your businesses and incorporate the required technology, your business will cease to exist." } }] }

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Some Awe-Inspiring Ways in Which Technology Is Changing Business

Article | July 14, 2021

Technology has penetrated businesses through every nook and corner. It would not be wrong to say that businesses that do not implement technology will see a dead end sooner or later. Technology is drastically changing business. The direction in which it has revolutionized businesses is impeccable. The impact of technology on business varies widely. For example, a local grocery store need not know about AI or its implementations. Instead, he needs essential technology tools like online payment, placing online orders, delivery tracking, and inventory list. Thus the technology needs vary from business to business. There is digitalization in every aspect of the business. For example, if you have replaced calculators with excel sheets, that is digitalization. Thus be it big, medium, or large scale businesses, technology has impacted everyone. Let us dive into the depths of how technology is changing business and evolving with it. Ways in Which Technology Is Changing Business Automation Automation plays a significant role in managing businesses. From basic processing to workflow tasks, automation manages everything. This has reduced manual labor and increased error-free processes. Automation software is implemented in almost every sector. It performs the tasks diligently and works round the clock. This software is a proven methodology to save time and money while improving the client experience. As a result, your business works seamlessly even in your absence. And you have an entire report at the tip of your fingertips. Automation has increased productivity and helped humans to reduce unnecessary tasks. This, in turn, helps businesses to utilize their workforce in the right place. Improved Communication Process Communication processes between clients, employees, and departments have been seamless despite the world working remotely in the pandemic. The organizations that were reluctant to remote working have easily made the transition. And all this is made possible through internet communication. The communication technology for video calls, voice calls, text, meetings, etc., keeps global communication ongoing. As a result, businesses can communicate with their employees or other businesses anywhere and anytime. The integrated software for communication has made hybrid meetings possible. Despite being in different geographical locations, technology enables all teammates to be present in one board room during a meeting. Hybrid Working The pandemic is a catalyst in promoting hybrid working. If it had not been for the pandemic, the transition to remote working would have taken many more years. But this transition was smoothened by technology. The innovations and implementations of technology have made hybrid working a success. Employers can give the option to the employees to work in the surroundings of their convenience. This has helped organizations to grow globally. With the right technology and infrastructure, businesses have cut down costs in remote working. These resources are utilized in expanding the company and increasing ROI. In addition, technology has proved that hybrid working helps in making the business more agile and scalable. Digital Transformation Technology is changing business through digital transformations. As a result, this is used to expedite processes, increase productivity, and enrich user experience. In 2019, US$1.3 trillion was spent by companies on digital transformation. And a significant percentage of these organizations were immensely successful. Integrating digital technology in the crucial aspect of the business saves a lot of time, money, and workforce. The ROI is excellent. A business that embraces digital transformation proves that it is open to change and innovations. With the update in technology, the digitally transformed business will have to make minimum changes with time to stay ahead in the race. Incredible Customer service Technology has genuinely proved that ‘customer is the king.’ Most of the focus of innovation and technology is on customer experience. Customer experience is enhanced by targeting their behavior and providing them with the same service that they are looking for. Technology is changing business by providing personalized customer service. The company may provide the same service to many people, but every individual will feel special. Customers can approach the service center 24 hours and have various modes of contact. Incredible customer service ensures an increase in brand value. AI Artificial Intelligence has emerged with a bang. It has changed the business scenario forever. From drones managing traffic and deliveries to robots giving the best user experience, AI has transformed businesses for good. AI uses predictive technology to study a buyer’s journey and then personalizes their experience. They study the user’s behavior through various algorithms to provide a personalized approach. AI has introduced many opportunities and advantages for businesses to explore. Along with AI, VR, MR, and AR are there, which are combined to enhance a buyer’s journey. Robotic technology is playing a significant role in the health industry, wherein error has no place. But, of course, it won’t replace human doctors but will eliminate human errors by scheduling tasks, providing information, and taking care of patients whenever required! Cybersecurity Security is challenged with the evolution in technology. Moreover, hackers are trying to come up with new ideas to break the security systems. Hence it is essential to have robust cybersecurity. Cybersecurity demands have given rise to cybersecurity jobs. Every organization wants the best security to avoid breaches of data. Thus, Big Data, cloud technologies, and blockchain technology are the new names in good storage of data with ultimate security. Mobile Friendly Business More than 70% of users connect to businesses through mobile devices. Hence having a mobile-friendly business is the need of the hour. Moreover, cell phones have become an irreplaceable part of the human body. Thus, it will be best if you have your business functions be mobile-friendly to attract customers. The paradigm shift of desktops to mobile technology was a game-changer for businesses. Customers browse on mobiles anytime and anywhere. This increases the scope of businesses beyond geographies and time zones. In addition, developing apps and target advertising has helped businesses to spend less time analyzing and more time enriching customer experience. Benefits of Implementing Technology in Businesses Technology is changing business by expanding room for improvisations and innovations. As a result, businesses can streamline processes, develop competitive advantage, and plan prospects effectively. Here are some of the benefits of implementing the right technology in businesses. Innovation and growth The alignment of services in a business has made innovation and growth an easy thing. Business, technology, innovations go hand in hand. Technology is changing business and has made managing things an effortless task. Less time Incorporating the right tools ensures that maximum time is spent in innovation rather than doing laborious tasks. Technology is changing business by managing tasks in a zero error way to deliver maximum results. Reduced human effort Technology is changing business has provided valuable tools to reduce human effort. For example, employees can concentrate on the job that they are hired for, rather than updating or managing stuff. In addition, computing and technology ensure goal-oriented activities. For example, when software manages the salaries and attendance, the HR department can concentrate on improvising the ways of the organization and building a better culture. Best productivity at lower costs Technology is changing business by delivering incredible ROI. The investment in technology is much less compared to the results it delivers. Final Words Reading about technology and implementing it in business are two different things. You know your business the best, so implement the technology that suits it. Do not integrate technologies just because they are trending. Ensure that the technologies that you invest in guarantee the best returns. Frequently Asked Questions How does technological change affect business? Technological change opens new doors of business opportunities. It brings in new ideas, services, products and eases out processes. As a result, it helps to reduce costs and increase productivity. What are the negative effects of technology on business? The biggest threat of advanced technology in business is security. The more data is exposed, the more vulnerable it gets. Also, the dependency on machines increases, and downtime disrupts major workflow processes. Glitches, power failures, virus attacks, bugs, etc., prove very expensive to the business. What are the positive impacts of technology on business? Technology has helped businesses to be customer-centric. The predictive technology makes it easy for a business to target an interested audience. This saves a lot of time and money. Also, technology increases productivity, makes regular processes error-free, assists employees in day-to-day activities, etc. Technology also helps businesses expand globally with minimum investments. { "@context": "https://schema.org", "@type": "FAQPage", "mainEntity": [{ "@type": "Question", "name": "How does technological change affect business?", "acceptedAnswer": { "@type": "Answer", "text": "Technological change opens new doors of business opportunities. It brings in new ideas, services, products and eases out processes. As a result, it helps to reduce costs and increase productivity." } },{ "@type": "Question", "name": "What are the negative effects of technology on business?", "acceptedAnswer": { "@type": "Answer", "text": "The biggest threat of advanced technology in business is security. The more data is exposed, the more vulnerable it gets. Also, the dependency on machines increases, and downtime disrupts major workflow processes. Glitches, power failures, virus attacks, bugs, etc., prove very expensive to the business." } },{ "@type": "Question", "name": "What are the positive impacts of technology on business?", "acceptedAnswer": { "@type": "Answer", "text": "Technology has helped businesses to be customer-centric. The predictive technology makes it easy for a business to target an interested audience. This saves a lot of time and money. Also, technology increases productivity, makes regular processes error-free, assists employees in day-to-day activities, etc. Technology also helps businesses expand globally with minimum investments." } }] }

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What is AI-guided selling?

Article | July 14, 2021

B2B selling has become increasingly complex for buyers and sellers. Buyers are inundated with content on a variety of channels, from an assortment of vendors. Sellers are often pulled in several directions, with many tasks and responsibilities to tackle. AI-guided selling is helping sellers navigate the complexity of digital-first sales cycles. Artificial intelligence (AI) and machine learning (ML) are helping sellers realize this vision by transforming data from content analytics into intelligent insights that enable go-to-market teams to make the most of every revenue moment. In this post, we’ll share the ins and outs of AI-guided selling, how it will affect go-to-market activities, and what it means for the future of sales and marketing.

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SMART ROBOTS: THE POTENTIAL BENEFITS OF COMBINING AI WITH ROBOTICS

Article | July 14, 2021

What would you call a machine that looks like a human? Obviously a Robot! Robots are machines or mechanical human beings that are designed to assist humans with laborious and complex tasks. However, such robots are no more just mechanical design rather they have become smarter with time and advancement of technologies. AI developments have induced evolution and better capacity in robots. Even robotics and AI together can revolutionize almost any industry for the greater good. As the industry is realizing the combined potential of both the technologies, will we see the combination anytime soon?

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Spotlight

Genpact Headstrong Capital Markets

Genpact Headstrong Capital Markets is a global consulting and IT services company with a specialized focus in capital markets. With more than 20 years of experience consulting with 9 of the world’s top 10 investment banks, we are the world’s leading technology services provider for the financial services and securities industries. This experience enables us to help transform capital markets business operations using a unique combination of our proprietary SEPSM performance benchmarks, process focus and technology expertise.

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