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Digital Transformation

Microservices Availability: Microservices Architecture Resilient Against Failures

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One of the biggest concerns with distributed systems is fault tolerance. A lot of development as well as testing time is spent over exception handling and regression. Microservices Architecture is essential for failure handling in the times when application complexity is on rage. So, how exactly does microservices based systems handle failure? What are the principles that guide it? Most importantly, what measure do the organizations need to take so that these principles are practically met for a  scaling customer base.  Let us have a look.   A Resilient Architecture Resilience is a key governing principle of the microservice architecture. In general terms, it states that the microservice, at any time, should be available for function even if there’s a failure. Practically, this is ach...

Voice of Manufacturing 2nd Edition: Reviving Manufacturing With New Solutions & Technologies

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Change is buffeting and global manufacturing & supply chains continue to be impacted by the pandemic. Though the factories and plant owners are seeking to resume operations, they continue to face the regulatory uncertainties. To address these combinatorial problems, NASSCOM CoE IndDic (a unit of Industry 4.0) conducted its second edition of the “Voice of Manufacturing” webinar that entailed calibrating protocols for manufacturing, dodging the supply chain bottleneck and implication of emerging technologies enabling revival amidst the crisis. The webinar had an engaging participation from the industrial front with the leaders sharing their agony on the post Covid-19 pain-points, reviving business & operations and the probable measures that could be taken for the business continuity....

#TechFightsCovid: FinTech Disrupts Corona

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“FinTech is not only an enabler but the driving engine”                                                                                                 -Pierre Gramegna While the coronavirus pandemic sweeps the entire world, governments’ response to this international health crisis has worsened the global economy. Substantial lockdowns and social distancing measures are leading to tremendous unemployment spikes and numerous businesses are already seeing conspicuous loss of revenue and struggling to maintain their operations. The shift in the payment habits amidst the covid-19 and post will be fairly visible in coming months. Now the focus is on how human touch or interaction can be done away with digital payments. COVID-19 is trying its best to bring down the FinTech sector: 2019 seemed to...

Microfrontend Principles: Guiding the Domain Driven Design

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Domain Driven Design approach is best suited with the complexity of modern day applications. While microservices architecture ensures a domain driven backend, the Microfrontends extend the concept to frontend development. This means that now the applications can be vertically sliced where each slice will be responsible for a single domain. For an OTT platform like Netflix, the various domains can be – user profiling, content profiling, device management etc. Frontend development for each of this slices will be handled by the Micro frontend architecture (MFA). Therefore, it will be useful to take a look into the guiding principles of this architecture and understand what governs its numerous benefits. Micro frontend Principles Decentralized Architecture: This is in direct contradictio...

#FinTech Enablers in Covid-19 – Combating Payment Frauds with 5 Disruptive Technologies

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With a sudden surge in the digital payments in midst of the corona virus fear, the risk of cyber fraud has also amplified. Online payments and other digital methods like UPI, wallets, USSD, etc. are prone to a number of cyber-attacks and are attractive targets for cyber criminals, especially during the ongoing pandemic. According to a recent study, almost 50% Indian consumers are more concerned about digital payments fraud now than when COVID-19 first emerged! Further, 31% of Indian consumers have been recent victims of card or digital payments fraud or know someone among their immediate family or friends who has been impacted through such cyber frauds. Additionally, key digital payment fraudulent concerns of Indian consumers include – fake apps and websites-biggest concern (52%), co...

Covid-19: An Opportune Time for Fintech to Grow

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Did you know that Fintech is one of the fastest-growing sectors? Well yes, it is and as per data from NASSCOM, globally the industry is estimated to soon touch $45 billion with a growth rate of 7.1%. The COVID-19 worldwide crisis is affecting every industry differently, and FinTech is no exception. But, as the world shifts from “respond” to “recover” to “resurrect”, and economies shifts from crisis mode, new opportunities will be created for FinTech. It is an opportune time to think big, be agile and act boldly. The key question though is how FinTech industry will seize the new opportunities post the pandemic using their unique assets and skills. What we are facing are: We are headed towards a Global Recession. There’s an unprecedented rise in the unemployment: Highest since 2010. The Capi...

How First Cohort Members of GE Healthcare Edison[X] Are Adopting Proprietary Technologies to Tackle COVID19

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COVID19 is stress-testing healthcare systems across the world. However, there is immense hope for healthcare technology ventures and startups since their relevance has enhanced manifold during this pandemic. Solutions such as AI-guided telemedicine, AI-enabled detection for anomalies, thermal screening of patients to avoid contact, robotic fogging of infected wards and ICUs, 3D printed PPE… the list of innovation solutions emerging to address this crisis is endless. GE Healthcare has been an active player in the field of healthcare innovation. Several initiatives have been mooted by the healthcare major such as – Edison (an advanced intelligence platform used by GE Healthcare’s internal developers and strategic partners to develop new healthcare applications, services and AI al...

The Importance of the Right Digital Solutions for Accelerating Digital Transformation

Digital transformation is all about infusing efficiency into a system using top-notch digital solutions. The right solutions will help enterprises in achieving the outcomes of digital transformation like superior customer experiences and ROI. Digital transformation is about leveraging technologies to bring about changes in an organization or ecosystem across processes, departments, competencies, and functions. These changes are aimed at creating value for the stakeholders, especially the customers. It calls for innovation in developing and implementing solutions and enhancing the capabilities of the existing systems. Digital transformation brings in increased productivity, better quality, enhanced efficiency, reduced costs, streamlined and agile processes, faster delivery, and enhanced sec...

Emerging technologies transforming the financial sector.

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“Fin-tech is not just a term that describes technological integration with Finance. It is the fuel that is going to decide the race and the winners in the market in the coming times. To drive towards success financial companies need to implement some changes” We can feel the change in how India is adopting the digital platform to transform the businesses that operate today. There has been a disruptive shift in conventional cash flow and all other financial services as Fintech entered the Business Environment. People are now coming forward to accept the change and adopt the latest technology to simplify their financial transactions using various apps such as BHIM, UPI, etc. As predicted by the experts, the Fintech market is likely to expand to $31 Billion by 2020.  Collaboration between ban...

Smart Agriculture Methods and Strategy for Farmers

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With the human population exploding and setting new records each year,  the current generations are having to shoulder the responsibility of using available resources sparingly and wiring in cost-effective, sustainable farming practices to address the growing demands of the world. According to predictions by the UN Food and Agriculture Organization, we need to boost agriculture production by 70% worldwide over the coming decades to meet the population demand that would arise in 2050. Technology integrated Agriculture Precision agriculture and smart farming involves the integration of modern technologies (like the Internet of Things and Machine Learning) into agriculture practices. It upgrades traditional agricultural practices to accelerate processes, increase efficiency, production and qu...